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By H. C. Boydell

Introduction Situated in the district of South Lorrain, some 16 miles southeast of Cobalt, Ontario, and reached from that centre either by branch line of the T. & N. O. railway or by what, for a mining camp, is a reasonably good road, the Keeley mine, owned by the Keeley Silver Mines,' Ltd., has had its history recorded by C. W. Knight (1). Silver was first discovered in South Lorrain, in Woods' vein, on Keeley property, in 1907, and the Keeley mine has been described by Knight (2) and Bell (3). The total production to February 28th, 1930, has been 10,760,107 ounces of silver and 1,285. 434 pounds (weight) of cobalt.

Jan 1, 1931

By Brian W. Mackenzie

The paper addresses five questions concerning the economic of gold exploration in the western Canadian shield. Can historical footprints be used to project future gold prices for exploration planning? Experience suggests that gold price forecast are too clo ely tied to current market events to provide meaningful guidelines. What range of breakeven gold price will typically be required to ju tify gold exploration in Canada? Minimum price requirements. initially asses ed at $540 to $1080 per ounce, probably lie in the range of $480 to $760 per ounce (expressed in 1985 Canadian dollar). Within Canada, what role do regional conditions and taxation policies play in determining the viability of prospective gold exploration targets? Striking interprovincial differences are found to exist, given the same geological circum tance -Nova Scotia, ew Brunswick, and Quebec rank towards the top in term of motivating exploration, Briti h Columbia provides the least investment incentive, while Saskatchewan and Manitoba place around the middle of the Canadian league. How can minimum acceptable tonnage-grade conditions for gold targets in the western shield be established and, then, constructively applied to provide exploration planning guidelines? Minimum target conditions, realis tically defined in terms of a broad band of doubt, can be used judiciously to help balance the direct costs of uneconomic exploration with the opportunity costs associated with rejecting economic deposits. How does the average cost per ounce of gold discovered in the western shield compare with the overall Canadian experience? Average discovery costs for the we tern shield, apprai ed at $100 per ounce, are shown to compare favourably with the Canada-wide record.

Jan 1, 1986

By M. Jarvis, D. B. Dreisinger, T. Hitchins

Mineral carbonation (MC) has been extensively researched all over the world since it was found as a natural exothermic process to permanently and safely sequester CO2. In order to accelerate the natural process, various methods for carbonation of Mg-/Ca-silicate minerals and other industrial wastes have been studied. It has been found that the MC efficiency will increase with an increase of CO2 pressure, retention time, temperature, mass ratio of Mg or Ca to Si in minerals, specific surface area, and the slurry concentration in a specific range, and with the introduction of an effective catalysts, for example, 1M NaCl and 0.64M NaHCO3 or carbonic anhydrase. However, there still is not a successful industrial application because of high economic cost and slow reaction rate. It is not economic to exploit Mg- and Ca-silicate minerals deposits or tailings to sequester CO2 by MC, due to the cost of grinding and heat pre-treatment and in some cases the whole sequestration process may result in more CO2 emissions than the amount of CO2 sequestered, due to the requirements of energy inputs. The process however, may be profitable as a whole (with carbon credits). It is suggested to combine MC with recovery of valuable metals from ore deposits in order to reduce the cost for MC by cost sharing for mineral recovery.

Jan 1, 2017

By R. E. Stewart

"Using the concept of economic life and marginal analysis, it can be shown that proper equipment replacement timing can save a mining company many thousands of dollars. To assist management with determining the economic life of mining equipment, a new computer package has been developed. The package, called ERG (equipment replacement guide), incorporates all important economic factors related to equipment usage, such as operating costs, maintenance costs, salvage values, depreciation, volume of work, tax credits, inflation rates, ROJ, etc. The information is used in a series of equations which balance the costs of new equipment against the total cost of old equipment. The solution of the equations determines economic life and the point in time when the old equipment should be replaced. IntroductionIn an operating mine, equipment must eventually be replaced or downgraded for a variety of reasons. Fleets of haul trucks, dozers and other major pieces of equipment deteriorate over time until the mounting costs of maintenance and repair force either a major overhaul or the ir replacement by new and more efficient pieces of equipment.The question of determining the best time to replace old equipment has been approached in many different ways. Various methods, ranging from operating experience, intuition and physical necessity to sophisticated computer models have been devised to help cope with equipment replacement decisions . The best of the se will incorporate the most important economic factors related to equipment usage, such as operating and maintenance costs, salvage values, depreciation, work delivered, the cost of capital, tax credits and, of course, the effects of inflation.Economic TheoryThe fundamentals of equipment replacement theory grew out of the interaction between economics, engineering and finance. The use of annual cost comparisons and rate-of return calculations were helpful in handling situations in which assets with different finite lives were being compared. Later developments bringing together the concept of economic life and marginal analysis helped provide additional refinements to the theory. Taylorui showed that the displacement of an aging asset with a similar, but newer, asset can be justified economically when the marginal cost of keeping the asset one more year exceeds the minimum uniform annual cost equivalent of the proposed replacement."

Jan 1, 1980

By C. V. Corless

1. Introductory Some members may recall that at the Annual Meeting two years ago I read a paper, 'The Future of the Mining Industry in Canada." Discussing this large subject it was possible only to outline the facts and inferences leading to ?the conclusion that Canada is a country endowed with enormous mineral wealth, of which the fringes are yet scarcely touched. In the present paper, I wish to examine in somewhat fuller detail the evidence, both direct and inferential, concerning the mineral wealth of the greatest physical and geological feature of Canada-the Precambrian Shield. Many, if not most, of these facts are already familiar to you. But, since they will form the basis of the reasoning employed, they will be recalled for explicit reference. First, let us review very briefly the position and extent of the Shield. The area of the entire Shield is given in textbooks as 2,000,000 square miles, of which perhaps 10 or 12 per cent. is exposed in the south-easterly part of Canada's Arctic islands. The remainder occupies roughly two-thirds of the North-west Territory; the north-east corner of Alberta; one-third of Saskatchewan ;two-thirds of Manitoba; three-fourths of Ontario; and nearly ninety-five per cent. of Quebec.

Jan 1, 1924

By N. A. White

Whereas the ultimate world supply of energy minerals-defined as fossil fuels and fissile materials - is controlled by geological factors, the actual supply at any particular time is controlled by economic feasibility, technological innovations and /or political decisions. This paper identifies and discusses the principal uncertainties surrounding the international availability of energy minerals from now until the end of the century. A brief comparison is also made between energy and non-energy minerals. Genuine shortage s of energy minerals are now of a very long-term nature, whereas artificial ones may occur at any time and have a serious effect on the world economy due to the dependence of most OECD countries on imports of energy mineral . This paper argues that events over the last decade, such as the demand for a New International Economic Order, the OPEC increase in crude oil prices and the growing international lobby on environmental issues especially relating to nuclear safety - will progressively lead to a major, long-lasting transformation of the energy scene world wide. This transformation will encompass demand, in terms of conservation and efficiency, the supply mix of the various energy minerals , the supply system and the structure of the different energy industries . It is already affecting the role of governments and reaching into the question of national sovereignty both of developed countries, such as the U.K., Norway and Australia, and the developing countries, thereby making energy minerals a key area of international relations.

Jan 1, 1978

By S. J. Cook

The subject of capital and the Canadian mining industry is so broad as to be impossible of comprehensive treatment in brief form. The purpose of the present paper therefore will be only to outline in a meagre and somewhat sketchy way the nature and extent of the mineral industry in Canada and to point out those features which are likely to be of general public interest. Canada's mineral industry has a long and creditable production record. The? value of the output per capita rose from $2.23 in 1886 to a maximum of $26.40 in 1920 and the value of the products from ten million dollars in the former year to almost two hundred and twenty-eight million dollars in 1920. Compared with other primary industries and on the basis of the value of production, mining held third place in Canada in 1920, the premier position going to agriculture and the value of forestry production placing that industry second in the list. In the mineral industry, between six and seven thousand properties are operated annually giving employment to up- wards of sixty thousand employees to whom about seventy-five million dollars is paid in salaries and wages. During 1923, seventeen mineral products reached a production value of one million dollars or over in Canada and in order of the values assigned these were: coal, gold, nickel, cement, cop-per, silver, clay products, lead, asbestos, natural gas, stone, zinc, lime, cobalt, sand and gravel, gypsum and salt.

Jan 1, 1924

By Mousa Mohammadi

Due to operational advantage of dragline in simultaneous excavation and back-filling, the equipment has gained vast importance in open-pit mining. Besides, absence of auxiliary haulage units and a myriad of other benefits are also credited in favor of excavation of muck piles by the draglines. However, the aspects of production, productivity and economics are of utmost significance in dragline operation and planning. In this light, the present paper is an endeavor to analyze availability and utilization of dragline operations. The paper presents a good amount of data for 4-draglines operating in one of the major opencast projects in India. The study reveals the trends of availability and utilization of these draglines during last 11-years. Furthermore, the study also highlights the salient reasons for loss of available hours and for idling of the draglines. Some startling information and facts have been illustrated in form of graphs and pie charts.

Aug 1, 2013

By P. J. Mackey, Elsie Kossatz

The small town of Bruce Mines lies a few miles east of Sault Ste. Marie, Ontario on the north shore of Lake Huron. This was the site of the first copper mine. This copper smelter used a reverberatory furnace, based on the Welsh process, and operated in the period of 1849 to 1850, when the plant was destroyed by fire. During the period of 1850 to about 1869, crushed and sorted ore was shipped to England and later to the United States. In 1869, a roastleach plant, based on the Henderson Process, was constructed at Bruce Mines and was operated until about 1872. This short article describes the early development of this historic operation. Although the rich copper ore found in the vicinity of Bruce Mines was known to the Indians, its discovery in or about 184 7 was credited to Mr. Keating, who named the area Bruce in honour of Lord Elgin (James Bruce), Canada's Governor General. In 1848, the property was acquired by the Montreal Mining Company for 40 000 pounds sterling and the company immediately sent a small party to investigate the deposit. The party sank a shaft on a lode within a hundred yards of the lake and also reported two adjacent lodes farther inland, which were left undeveloped until the turn of the century. Initially, the foundation of the headframe and hoist was built above the frost line and when the machinery was set in motion it collapsed. Eventually, the shaft was to reach a depth of 300 feet. By 1849, the property was well established and the small settlement consisted of 77 miners, 65 labourers, 4 boys, 11 tradesmen, including blacksmiths and carpenters, 2 mining captains, 1 engineer, 2 clerks and 1 superintendent. The community, including the workers' families, numbered about 250.

Jan 1, 1999

By Lauri Gregg

How Can Man Meet the Carbon-Free Energy Challenge ? ? Increases in Energy Efficiency can displace 1/2 to 2/3 of the Carbon-Free Energy required to stabilize at 550 ppmv ? Renewable Energies require too much land and thus can displace 5 to 10 % of the energy requirement ? Large new sources of carbon free energy are needed ? Conservation is desirable but provides only a small and variable contribution ? People will have to adjust to higher levels of CO2 in the atmosphere as energy demand continues to grow

Nov 1, 2002

By Alex McEachern

MINING LEADS WAY TO PROSPERITY THE year 1937 will stand out in the history of mining and metal products in Canada as one of which we shall always be proud. The combined contribution of these industries played a large part in leading Canada back to prosperous conditions after years of stress and strain that left their mark upon business the world over. A review of general industry shows a marked improvement over recent years. The upward trend continued un-abated most of the year and not a few of the industries had all they could do to supply the demands. A fact that should be appreciated in a year of wheat failure over an extensive area of the Prairie Provinces is the shifting of the basis of Canadian prosperity from agriculture to that of mining and the use of metals. To the great demand for minerals of all kinds, our mines have well responded and many new high levels were reached. This reflects great credit upon the men who direct the activities of the Canadian Mining Industry. Possessed by a spirit which refused to accept defeat in 1931-1932, they began to increase the efficiency of their departments, explored all channels hitherto untried, and won through to a crowning success. Who among them dreamed that their country's extremity would be their Alex. McEachern opportunity, and that through their united efforts our young nation would be enabled to hold that high position she has attained in world affairs?

Jan 1, 1938

By Michel Carreau

Presentation topic Introduction to Renewable Power in Remote Mining Industry Trend What are the Challenges and How to address them Acceptability (Management Buy-in) ? RP not core business to mining company Significant upfront costs Project Risks - Technological and Delivery Wind and solar power variability Operating hybrid power (Operator Buy-in) Conclusion Introduction ? RP at Remote Mining Sites Mining Project Cost Energy represents 25% of mining project CAPEX Energy represents 25% of OPEX Diesel, HFO, ? cost : 30+ cents/kWh RP - Proven technology - Excellent track record ?Wind (20 years), Solar PV (10+ years)? Hundreds of GW installed ?Reliable, High availability, very small OPEX. ?Wind/Solar cost : 15 to 22 cents/kWh (with good resource) ?Potential 10% to 20% Reduction in net cost of energy ?Price certainty for 20 to 25 years

May 1, 2013

By MaryAnn E. Crichton, David G. C. Clarry

"Environmental risk is becoming more important in debt and equity financing decisions in the mining industry worldwide. Demonstration of good environmental management practices and management systems has a direct impact on the ability of mine developers, operators and investors to raise financing. Based on experience in providing due diligence services, there are a number of factors that are important in assessing financial risks related to environmental issues in either new projects or existing facilities. A frame-work for understanding the importance and priorities of each element of environmental management is presented.IntroductionIn the context of lending money to a corporation, environmental issues represent another aspect of credit risk (Henry, 1989). These issues, because of their nature, represent the potential for large unforeseen expenditures if they are not known or acknowledged and are not being proactively managed. Lenders, other investors and their advisors, are becoming increasingly aware of the potential financial impact of environmental issues. Consequently, they are increasing their requirements for environmental audits to review the environmental issues, management practices and systems when they are considering financing mining and/or metallurgical processing operations worldwide.Many banks have signed the United Nations Environment Program (UNEP) Statement by Banks on Environment and Sustainable Development. Banks in this category include National Westminster Bank, the Union Bank of Switzerland, Deutsche Bank, and the Royal Bank of Canada."

Jan 1, 1997

By R. F. Neider, W. R. Bain

"Expanding upon one aspect of a recent paper on ""Fluid Column Roasting at Sherbrooke Metallurgical Co. Ltd.,"" the present paper deals with the operation of the fluid column process to achieve substantial elimination of cadmium and lead during the roasting of pelletized zinc concentrates. Designed to meet the need for additional feed for Matthiessen and Regeler Zinc Company's vertical retort zinc smelter in West Virginia, without recourse to a sintering operation, the plant is capable of simultaneously attaining very low lead and cadmium levels on demand, through operation in the manner described. Fluidizing air admitted via the wind box is supplemented by natural gas admitted via a tuyere bank 15 ins. above the hearth, in quantities adjusted to maintain a reducing atmosphere within the interstices of the bed. In addition, careful attention is paid to bed temperatures, which run from 1,080° to 1,100°C. Under these reducing conditions, 90 per cent of the cadmium and 92 per cent of the lead in the feed are eliminated, the sulphate sulphur content is decreased by 0.5 per cent, sulphide sulphur is held at 0.6 to 0.08 per cent, and the zinc content correspondingly in-creases. The fuel value of the natural gas is recovered as extra steam, which carries a credit. There are some added difficulties with fume accretions, gas conditioning and gas -cleaning, some of which have yet to be overcome."

Jan 1, 1967

By J. E. Gill

"THE YEAR 1959 appeared to be a good one in which to attempt a summary of progress in the location and study of sulphide deposits in Canada because a temporary surplus of metals caused prices to fall and many geologists who had been working like beavers were suddenly not so hard pressed. So it was •decided to arrange a Symposium. The response to the call for contributions was excellent and the result is the interesting collection of papers that follow.Activity in the search for massive sulphide deposits has never been as intense as in Canada since 1954. That was the year when the airborne electro-magnetometer first became generally available on a contract basis. These instruments work best on massive sulphide bodies, as do most of the ground electrical survey devices, so much of the new information relates to these. It was decided, therefore, to focus attention in the preparation of symposium papers on such masses. This served also to keep the survey within reasonable limits."

Jan 1, 1960

By R. D. Brown

"AbstractOver the past five years, tax rates in the Canadian mining industry have skyrocketed upward across Canada, as both federal and provincial governments have sought to increase their share of mining revenues.However, the past few years have not only brought high tax rates to the industry, but also a number of important new federal and provincial tax incentives.In large part, these incentives ~ special credits or reduction in tax for carrying out specific exploration, processing or other activities - have helped to moderate the adverse effects of the higher tax rates and have provided inducements for exploration and processing activities which might not otherwise have been undertaken.However, the effectiveness of certain of these incentives can be questioned: our over-all tax structure now consists in large part of punitively high marginal rates with some extraordinarily generous but capricious tax reductions for specific activities and may not be in the best long-term interest of either the industry or the nation.A rational tax structure, with moderate and stable tax rates, together with reasonable incentives confined to activities specifically requiring them, could be a more effective spur to investment than the present tax and incentive jungleIntroductionIN THE YEARS since federal tax reform, the mining industry in Canada has faced a continued escalation in its tax burdens as federal and provincial governments have leapfrogged each other in imposing new and higher taxes on the industry. The result has been that marginal tax rates imposed on mining and processing activities throughout Canada have jumped to hitherto unparalleled levels."

Jan 1, 1977

By Mauro Chiesa

A. New Dictionary, Since 2007/8 Traditional concept of ?cycle? is dead A dearth of projects AND good metal prices suggests otherwise In a depletion-business, good times for any greenfields in 2-3 yrs! ?Balance? sheet means quality assets = quality capital So, de-risk the assets, and ration the capital ?Replacement costs > historical costs ?Discounted assets depleting; replacement costs need self-financing (FCF) ?Public-sector slows permits, avoids assets and wants more of FCF ?Capital ?markets? are now ?market fragments? ..and? ??Shareholder? has changed from ?growth? to ?income + performance? ?Higher search costs, higher capital costs and higher cost of capital

May 1, 2013

Background ArcelorMittal?s (formerly QCM?s) Port Cartier iron ore pelletization operations 2 side-by-side induration furnaces each producing 578 t/h of cured pellets Firing No. 6 fuel oil and coke breeze (in bed) Very large heat losses to be addressed primarily by gas recirculation

May 1, 2011

By Barry D. Simmons

"A well-defined approach is essential to ensure the long-term success of a regional exploration program. Teck's approach in eastern Canada is designed to fulfill corporate objectives while recognizing certain unique parameters for exploration in the area. The elements of this approach include clearly defined objectives, technical considerations and personnel policies, all of which are equally important. The goal is a significant discovery before the mid-l990s and the company is confident that this target will be achieved.IntroductionAs one of Canada's oldest continuously operating mining companies, Teck Corporation traces its roots to Kirkland Lake, Ontario, with the development of the Teck-Hughes gold mine in 1913, later supplemented by production from the Lamaque gold mine in Val d'Or, Quebec. Control of the company was acquired by Temagami Mining Company, part of the Keevil Mining Group, in 1959. Credited as one of the first discoveries made using airborne geophysics, the Keevil Group had recently found the small but very high-grade copper deposits at Temagami, Ontario. These developments in eastern Canada formed a foundation for remarkable growth and Teck's present status as one of Canada's most successful and respected mining companies.Teck currently operates successful mining ventures across Canada and has international exposure through its association with Cominco Ltd., M.I.M. Holdings Limited and Metallgesellschaft AG. Operations in eastern Canada, however, remain an important component of Teck's ongoing success. The David Bell and Williams mines at Hernlo, Ontario, are Canada's lowest cost and largest gold operations, respectively. The Niobec Mine at Chicoutimi, Quebec, is North America's only significant producer of niobium. Teck maintains a 45070 interest in Golden Knight Resources Inc., part owner of the successful gold mining operation in the Casa Berardi area of northwestern Quebec. As a significant shareholder in Aur Resources Inc. and as a part owner, Teck is participating in the development of the Louvicourt deposit, a major base metal discovery at Val d'Or, Quebec."

Jan 1, 1992

By R. D. Brown

For the first time in years, the spring budgets of federal and provincial governments have not brought down major new proposals affecting the tax burdens of the mining industry in Canada. It seems appropriate to use this unaccustomed period of tranquility to set out an extremely abbreviated summary of the principal features of the federal and provincial income and mining tax rules affecting the mining industry.

Jan 1, 1977