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By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By T. MacKinnon, M. C. Bétournay, D. Eastick, F. C. Delabbio, C. Graves

"The successful implementation of a new technology in an underground production mine requires many challenges to be overcome. These challenges include mine hardening of new technology, mitigation of safety risks and hazards, mine operation support, and technology transfer to mine staff. In the end, the majority of these challenges relate to the human aspects of implementation. The approach selected to overcome these challenges must be customized and appropriate for each unique situation.This paper outlines the approach used to address these challenges as part of successful implementation and resulting demonstration of the hydrogen fuel cell locomotive at the Placer Dome (CLA) Limited Campbell Mine. This technology demonstration at Campbell Mine is critical for determining technical, regulatory, and implementation aspects to be incorporated into future fuel cell prototypes such as the LHD project."

Jan 1, 2005

By Hans de Ruiter

"Delft University of Technology, RWTH Aachen, Helsinki University of Technology and Imperial College established the Federation of European Mineral Programs (FEMP) in 1999 as a legal body to coordinate joint M.Sc. education.By 2003 the number of participating universities in Europe has grown to 9 (in 7 countries) offering 3 different M.Sc. joint programs. Furthermore students from 8 universities in the USA, Canada, Australia and Chile participate through exchange agreements. About 25 companies are associated with FEMP. Further expansion with other clusters of universities is being investigated.So far some 160 students have taken the programs and are working in all parts of the world in a variety of jobs.The European Commission has recently announced the new “Erasmus World” program that will stimulate the offering of joint programs by European universities and offer third-country students and teachers a greater opportunity for mobility and an enhanced European added value. Host European postgraduate courses will be selected for a five-year period. They will receive funding from the Community and a “EU” seal. Around 250 “EU Masters Courses” will be established.The envisaged new Erasmus program and it’s network and operating practices are very similar to those being used by EMC, EMEC and EGEC. Erasmus World therefore offers a great opportunity for further developments with FEMP as the official body.INTRODUCTIONThe current situation in Europe is that globalisation of the supply of mineral resources has caused the larger mining and the manufacturing companies to expand and invest particularly outside Europe. However these industries still have a great significance for the European Union and its members, which means that mineral engineering know-how is still important in the E.U. It was therefore realised in the mid-nineties that is vital to maintain the very high level of knowledge and skill base in mining engineering and mineral technology that currently exists in the E.U., through good and well-balanced education programs."

Jan 1, 2004

By O. J. C. Runnalls

"Canada became the world's largest uranium producer in 1984. That leadership position is likely to be maintained for many years into the future because of a firm production base, many undeveloped known deposits with commercial promise, and a large geologicalpotential for new discoveries.There are some uncertainties on the horizon, principally because of restrictive actions in process within the U.S.A., which are aimed at preserving a deteriorating domestic uranium industry. Should such actions result in import restrictions, for example, there would be a negative effect on foreign producers at least in the short term. Canada may avoid such difficulties under a tentative U.S.-Canada free-trade agreement where restrictions on the import of Canadian uranium into the United States would be eliminated. Over the longer term, demand for Canada's uranium resources will grow because of the foreseen growth in the world's installed nuclear power capacity. IntroductionSince the phenomenon of nuclear fission was discovered in 1938, the utilization of uranium has grown substantially. Initially, the principal use for uranium was in the production of nuclear weapons. However, once civilian nuclear power reactors began to be built in the 1950s, an increasing fraction of uranium output was directed to the production of fuel elements for use in electricity generating stations.The cumulative uranium production by those countries in the World Outside Centrally-Planned-Economies Areas, WOCA, during the period 1938 to 1985 exceeded 800 000 tonnes of uranium. Some 60% of that was mined in the United States and Canada, as indicated in Figure 1. In 1986, nearly 80% of WOCA output came from five countries, Canada, United States, South Africa, Australia, and Namibia, as indicated in Table 1 and illustrated in Figure 2.During the past decade the world annual consumption of nuclear energy has more than tripled (Fig. 3). As of December 31, 1986, the world total of nuclear power reactors had reached 394 with a total net capacity of 270 GWe. The thermal output from nuclear power plants in 1985 exceeded 60% of the energy contained in all of the oil produced that year in the Middle East. Thus, nuclear power has already become an important component in the world energy supply picture."

Jan 1, 1988

By Leslie McHattie

?Intelligent mine? conjures up a futuristic image of unmanned extractors and loaders working in harsh conditions in a remote lunar landscape. The promise of increasing mine fleet productivity and solving the problem labor shortages in mining regions can certainly be achieved today through remote controlled extraction and automated hauling. The technology is available and it doesn?t seem to be so much science fiction when Google?s self-driving cars hurtle down the freeway. ?Intelligent mining,? on the other hand, implies the application of information technology at every phase of the mining value chain, from exploration and geological modeling to equipment, operations and maintenance, and logistics and transportation. These are really industry-specific, enterprise-class software solutions focused on using information technology to support the business processes of mining and make them more efficient and effective. Overlaying the physical world with the digital or virtual world enables us to model and simulate our assets, giving us the ability to effectively design, build, and ultimately optimize the performance and reliability of our assets throughout the lifecycle. The digital asset, often a 3D model, is created initially during the engineering and construction phase, and is handed over to the operator before the mine goes into operation. Combined with geospatial or geographic information systems, the operator has a complete digital representation of the physical world, which forms the foundation for risk and performance management, along with compliance and regulatory reporting. Laser scanning and positioning technology can be used to create point clouds ? information models consisting of millions of data points ? which enable the visualization and representation of the ?as-operated? reality. But consider that once the mine is in operation, it throws off an endless stream of data in the form of performance and condition data from sensors and monitoring devices on fixed and mobile assets through networks, servers, and services. This ?big data? can be processed and analyzed to spot trends, help predict events, and formulate reliability strategies as early as the design stage (e.g., reliability-centered design). ?Intelligent mining? implies that massive amounts of data augment the reality of the physical mine, plant, and equipment. This embedded intelligence can be used to optimize operational efficiency, increase asset availability and utilization, improve safety and environmental integrity, and maximize return on investment. Lastly, the sweet spot for intelligent mining is seen in the convergence of consumerization and industrialization. The application of ?consumer? technologies that we use every day on our iPhones and Android devices, such as cameras, motion sensors, and positioning in an industrial context, are producing ?immersive? experiences. Overlaying the digital world on the physical world and connecting them accurately through intelligent positioning results in ?intelligent infrastructure,? which is safer and more sustainable. Bentley Systems works with many mining companies and engineering, procurement and construction companies involved in all aspects of mining infrastructure development. In fact, 10 of the top 20 mining companies ranked by market capitalization are users of Bentley software, including all of the top five. In addition, Bentley provides software solutions to the world?s leading engineering, procurement, and construction companies, as well as owner-operators, who design, build and operate the world?s infrastructure. Bentley?s solutions for mining and resource extraction industries help increase the efficiency of capital projects associated with the design, procurement, and construction of mines and processing plants, as well as the operation and maintenance of mining fleet and equipment.

Aug 1, 2013

By Scott A. Stebbins

Cost evaluation models constructed specifically to evaluate the economic potential of an individually motorized railcar system of ore and waste transport demonstrate that the approach may be considerably more cost effective than traditional rubber-tired haulage methods. The system design places a motorized drive unit on each railcar, as opposed to the more common configuration in which a series of un-motorized cars trail behind a single locomotive. These motorized railcars are directed to various load and dump points by a computerized dispatch system, and as such have the advantage of operating unmanned. In addition, the tractive effort of the rail-type drive system is noticeably more efficient than that of the rubber-tired mode of transport. The savings are realized primarily through comparative reductions in the requirements for labor and, to a lesser degree, energy.

Nov 1, 2011

By Y. Nakamura, T. H. Okabe, S. A. Sunkar, K. Nose

Ruthenium (Ru) is known as a platinum group element with a very small production volume. In fact, the worldwide annual production of primary Ru metal is only about 20-30 tons, and it depends on the amount of Pt produced, since Ru is a byproduct from Pt smelting. The primary uses of Ru are as a material for resistors, as a catalyst for electrode materials, and as a sputtering target for hard disk memory storage. In order to recover Ru from the spent sand-blasting abrasive media generated during the cleaning of the apparatus used for Ru sputtering, a hydrometallurgical recovery process using hypochlorite solution has been investigated. In this study, various types of recycling processes that are presently under development are also introduced, and their features and differences are discussed. The advantages and disadvantages of the new recycling processes are evaluated, and the possibility of establishing new recycling processes in the future is discussed from a multilateral perspective.

Jan 1, 2014

By David G. Almond

"Economies of scale and the variable characteristics of many large ore deposits have resulted in grinding installations having large SAG mills fitted with variable speed drives. Problems associated with effective operation of this equipment has created the need for better operator knowledge of mill load behavior and the need for new instrumentation capable of providing accurate information about load movement and composition. This paper discusses two performance enhancing instruments available to address these needs.INTRODUCTIONThe economic demands of new mining projects has resulted in increased equipment sizes and this is particularly evident in milling where there are now many SAG mills operating in the range of 28’ – 40’ diameter with installed powers of 8 – 22 MW. These mills are designed to process very high capacities of ore daily2 and the variable characteristics of many of the deposits mined results in the need to vary the mill speed during processing to cater for the changes in ore hardness. Mill speed changes often result in operational problems associated with high-energy impacts striking the mill liners reducing energy efficiency as well as degrading the grinding media through breakage, accelerating liner wear and in extreme cases even breaking liners. These operational problems have given rise to the need to have instruments aimed at providing operators with accurate information in real time about the load composition and movement within SAG mills.The original concepts for operating SAG mills were derived from past experience of operation of conventional fixed speed ball mills. However, the relatively stable conditions that applies with fixed speed and constant ball charge in ball mills supports theoretical approaches to the grinding process based on energy calculations such as Bond’s Work Index concept. Later a set of parameters Si and Bij were used for describing load kinetics, but all of these methods neglect the details of load movement and how the energy is actually used inside of the mill. It is now commonly accepted as a basic rule that SAG mills grind by impact whilst ball mills grind by attrition and consequently SAG mills are designed and operated to generate a large amount of impacts by the cataracting load without paying sufficient attention to where these impacts are actually occurring. Many mills are operated on the basis that as long as the mill is consuming the expected power there is little attention given to the class of bodies using this energy and this often results in the inefficient use of energy."

Jan 1, 2005

By Donald Leroux, Colin Hardie

"New or improved mathematical models of mineral processing machines are published almost on a monthly basis. Often, these models can be calibrated from bench-scale test results and programmed using spreadsheet software to simulate different designs and operating conditions in open-circuit configuration. However, since mineral processing plants frequently operate comminution, separation and/or extraction machines in closed-circuit configurations, open-circuit simulations often have limited applicability.The simulation of closed-circuit configurations necessitates the programming of an iterative loop to bring the circuit to equilibrium. This can be done by using spreadsheet software but often requires advanced programming skills. As an alternative, LIMN® software, which simplifies the programming of closed-circuit configurations within spreadsheets can be used. This software was specifically designed to turn a Microsoft EXCEL® spreadsheet into a closed-circuit modeling and simulation platform with minimal programming.During the past few years, the Mineral Processing Group at the Noranda Technology Centre, has used this software for numerous projects which include the simulation of multi-stage cyclone circuits, closed-circuit regrinding and locked-cycle flotation tests. Using these projects as examples, the flexibility and the easy to use nature of the LIMN® software is demonstrated.INTRODUCTIONMineral processing engineers routinely have to make predictions regarding comminution and separation processes. Predicting the appropriate dimensions of equipment and the process response to changes in operating mode are probably the most common situations that they face. In all cases these predictions are expected to be rapid and accurate.Predictions made by engineers are frequently based on mathematical models. Many first principles, empirical, semi-empirical, steady state and dynamic models of mineral processes can be found in the literature. In fact, new or improved mineral processing models are continuously being proposed and in spite of this variety, process engineers often have to either develop their own or tailor existing models to suit their particular needs."

Jan 1, 2003

By Mike Johnson, Niels Verbaan, David Dreisinger

The Search Minerals Foxtrot project in Labrador represents a significant Canadian resource of rare earth elements rich in the sought after heavy rare earth elements (19.8% HREE/TREE). A preliminary economic assessment of the project indicated that the project is technically feasible and economically attractive. A variety of metallurgical test programs have been undertaken which have led to significant streamlining and simplification of the process flowsheet. The improved flowsheet should allow Search to reach production earlier and will use conventional processing equipment. The results of these test programs are presented and discussed in this paper.

Jan 1, 2014

By R. A. Bergman, C. A. Pickles, J. M. Toguri

"Black calcium cyanide is utilized mainly as a reagent for gold extraction. It is produced by reacting calcium cyanamide, sodium chloride and calcium carbide at temperatures in the range of 1200°C to 1400°C in a smothered arc furnace. The equivalent sodium cyanide content of the product is in the range of 45% to 50% and the calcium cyanamide conversion efficiency is in the range of 90% to 95%. Since black cyanide contains impurities such as salt and lime and also because the conversion efficiencies are below 100%, the product contains unwanted materials which significantly increase the shipping costs.The impurity content of the raw materials can not be lowered without increasing their cost and/or the processes to produce them, and therefore the present research was focussed on studying those factors which affect the cyanide grade. The major variables investigated were: the heating rate, the reaction temperature, the salt to cyanamide ratio, the nitrogen content of the calcium cyanamide, moisture additions and calcium carbide additions. It was found that each of these variables had a significant effect on the product grade. The highest cyanide content of the product was obtained for salt to cyanamide mass ratios of 0.55 to 0.60. The salt reduces the decomposition rate of the cyanide and, therefore, at low salt to cyanamide ratios and at higher temperatures, the product grade is decreased. It is likely that the salt evaporates at the higher reaction temperatures and this decreases the cyanide capacity of the melt. High heating rates minimize the residence time and thus salt evaporation is reduced and higher grades can be obtained. As expected, the cyanide content increased with the nitrogen content of the cyanamide. Calcium carbide additions resulted in an increase in the product grade. The presence of small amounts of moisture in the charge caused a significant decrease in the cyanide content of the black cyanide. An equilibrium reaction is postulated in order to explain the black cyanide process and in particular the effect of calcium carbide on the product grade."

Jan 1, 2002

By Hiroaki Sakurai

Using batch reactors equipped with CO and CO2 gas sensor, CO oxidation over Au catalysts in room air has been investigated and compared with Pt catalysts. For both Au and Pt catalysts, the logarithm plot of CO concentration data during initial 10 min are well fitted by straight line, which mean the first order dependence on the CO concentration between 10 and 10,000ppm. The rate constant value (k) over Au and Pt catalyst generally decrease with increasing initial CO concentration above 100ppm. The value decrease especially rapidly between 100ppm and 1,000ppm over Pt catalysts, which should be due to the strong adsorption of CO on Pt. The k value over Au catalyst has become ten times or more as large as the Pt catalysts at 1,000ppm. Already for the initial concentration of 100ppm CO, the strongly adsorbed CO on Pt metal has been clearly observed by FT-IR during the reaction over Pt/Al2O3. A part of the strongly adsorbed CO has been remained on Pt after the disappearance of gas phase CO, and has gradually changed to gas phase CO2. Such strongly adsorbed species on Au has never been observed on Au/TiO2 under the same reaction conditions. These features of Au catalysts are favorable for indoor air purification.

Oct 1, 2003

By Fathi Habashi

"Crushing and grinding of ores and their beneficiation by washing away gangue minerals has been practiced since ancient times. Primitive crushing was done by hand pounding the ore with a hard stone then by using metallic hammers. The mortar and pestle was mechanized using a lever and when the size of operations increased in the middle ages, the stamp mill was introduced. The grindstone played an important role in grinding of ores. Panning for gold and hand sorting of minerals were two old methods of separation, now gave way to modern techniques. Flotation started in the middle of the nineteenth century by using oils to collect the mineral particles and float them on the surface of the aqueous slurry. It was only in the 1920s when it was discovered that organic compounds were affective floating agents. Textbooks written by distinguished engineers such as Rittinger, Rickard, Pryor, Taggart, Richards, Gaudin, and others contributed to the recognition of this field as a new discipline to be taught in Universities. INTRODUCTIONThe ancient Egyptians knew already that it would be easier to melt an earth rich in gold particles than another which is poor. As a result all efforts were made to enrich the gold by washing away the light gangue minerals (Figure 1). Another ancient method for enriching gold particles from a river stream was by means of fleece, hence the Greek myth of the “golden fleece”. The present day Georgia was known in ancient times as Colchis and was a center for gold working. It was known to the ancient Greek as the land of Golden Fleece. The use of special cloth to catch gold particles was also described by Agricola in his 1555 book De Re Metallica (Figure 2)."

Jan 1, 2009

By David Evans, David Barnes, Robert Raponi

"The Williams Mine processes, on average, 6,450 t/d of gold bearing ore using two parallel grinding circuits, leaching and C.1.P., carbon stripping, electrowinning and refining. At present, each grinding circuit consists of a SAG mill in closed circuit with a spiral classifier and a ball mill in closed circuit with two stages of cyclones.Since grinding has always constituted the largest portion of milling costs, the Williams Mine has been proactive in trying to reduce such costs through innovative changes. One project under consideration is the replacement of one spiral classifier by a vibrating screen.This paper discusses the testwork performed to evaluate the replacement of one spiral classifier by a vibrating screen, and the preliminary engineering performed to date.IntroductionThe Williams Mine, located in northwestern Ontario, approximately 40 kilometres east of Marathon, is part of the Hernia gold camp. The mine is operated by the Williams Operating Corporation and is owned by the Teck Corporation and Homestake Canada Incorporated. Operation of the mine started in October 1985 at a rate of 3,000 t/d. After a mill expansion in August 1988, throughput increased to 6,000 t/d. Production has increased steadily since the mill expansion and in 1995, an average of 6,450 t/d of ore was processed at a recovery of 95.1 %."

Jan 1, 1997

By M. P. Hay

"For a model to be successful it must address the concerns and needs of a target audience. Further, the model must demonstrate the same patterns of behaviour as the real system, and need only be complex enough to meet this objective. If the model is too complex it can become unusable to those who need it most.With this in mind, SUPASIM has been developed for the practical metallurgist requiring only laboratory flotation rate data as input. Some 35+ successful plant simulations have been completed since 1985. The approach of SUPASIM is to characterise an ore, organise information in an understandable way and add structure to the complex flotation situation and hence support the metallurgist to interpret the relationship between variables and optimise the flotation process.The paper describes the basis on which the model was developed and sets out to provide an insight into interpreting laboratory flotation kinetics and their physical meaning in a production plant and the influence floatable gangue has on float performance and plant design. A case study illustrates how the ratio of slow floating mineral to gangue can influence circuit design and improve recovery on a plant scale.INTRODUCTIONThere is an enormous amount of useful data in the results of a laboratory scale rate test. Each variable of fraction and rate, for mineral, metal and gangue has a physical meaning in the plant. The link between float kinetics and the plant in respect of recovery, grade, pulp density, pulp flowrate, residence time, number of stages of cleaning and circuit configuration has been established by the author in the process of developing SUPASIM."

Jan 1, 2005

By B. Haugrud, E. McConaghy, M. Collins, G. Smith

"Laterite ore processed by the Ambatovy joint venture in Madagascar is primarily limonitic in nature, containing approximately 40–45 wt.% Fe and 1.1 wt.% Ni. The process selected for treatment of this ore considered the behaviour and deportment of iron in each step of the commercial flowsheet. Such considerations included nickel and cobalt recoveries, reagent consumptions, liquid-solid separation characteristics, and intermediate and final product purities. In this paper, the results for the first three years of commercial operation at Ambatovy are compared with the design parameters, with emphasis on the behaviour of iron.RÉSUMÉ Le minerai latéritique traité par l’entreprise commune Ambatovy au Madagascar contient principalement de la limonite, composée de 40–45 % en poids (wt%) de fer (Fe) et de 1,1 wt% de nickel (Ni). Le procédé choisi pour le traitement de ce minerai tenait compte du comportement et du maintien du fer à chaque étape du schéma de traitement commercial. Parmi les facteurs pris en compte figuraient les récupérations de nickel et de cobalt, les consommations d’agents réactifs, les caractéristiques de séparation des liquides-solides ainsi que la pureté des produits semi-fini et final. Cet article compare les résultats des trois premières années d’exploitation commerciale à Ambatovy aux paramètres d’étude, en insistant notamment sur le comportement du fer.INTRODUCTIONThe main component of nickeliferous laterite ore is iron, and the Ambatovy deposit in Madagascar is no exception. Ambatovy ore is primarily limonitic in nature, containing approximately 40–45 wt.% Fe and 1.1 wt.% Ni. The nickel content of the ore is approximately 1/40th that of the iron content by weight; therefore, successful recovery of nickel depends on close control of the behaviour of iron in the selected process.The Ambatovy area is located 80 km east of Antananarivo, the capital of Madagascar. Exploration dates back to 1960, when the Malagasy Service Géologique carried out a limited pitting and auger-drilling program. Phelps Dodge Corporation (now Freeport-McMoRan Copper & Gold, Inc.) was granted the mining rights to the property in 1995 and carried out significant resource definition, environmental assessment, and engineering studies between 1995 and 2001 (Chou, Rooke, Williams, & Hanks, 2000). In 2003, Dynatec Corporation, which was formed in 1997 by the merger of Dynatec International Ltd. and Sherritt International Consultants Inc., signed a joint venture agreement with subsidiaries of Phelps Dodge to evaluate the Ambatovy nickel project. Dynatec became extensively involved in the development of the project, including process selection and pilot plant testing in Fort Saskatchewan, Alberta (Collins et al., 2004, 2005; Collins & Vardill, 2005; Collins, Buban, Holloway, Masters, & Raudsepp, 2009). Dynatec acquired 100% of the project in 2005 and a joint venture between Dynatec, Sumitomo Corporation, Korea Resources Corporation (KORES), and SNC-Lavalin Inc. (SLI) was formed shortly thereafter to provide funding for further development. SLI was responsible for engineering, procurement, and construction management of the commercial facilities. Sherritt International Corporation reacquired Dynatec Corporation, including 40% ownership in the Ambatovy nickel project, in 2007. The current Ambatovy joint venture consists of an integrated nickel and cobalt mining, processing, refining, and marketing enterprise between subsidiaries of Sherritt (40% owner and mine and plant operator), Sumitomo Corporation (32.5% owner), and KORES (27.5% owner)."

Jan 1, 2017

By M. Beth McClenaghan

This paper summarizes diamond exploration techniques used in glaciated terrain, focusing on indicator mineral and geochemical methods applied to glacial sediments. Understanding the ice flow history, depositional history, and stratigraphy of glacial sediments are essential to successful sampling, interpretation and follow-up of indicator mineral and geochemical anomalies related to kimberlites. Kimberlite indicator minerals survive glacial transport over long distances and the relative abundance of each mineral in till is a function of the primary mineralogy of individual kimberlites. Indicator mineral distributions observed at a regional scale define the net effect of glacial dispersal, often along different ice flow directions. Local-scale distributions define individual dispersal trains. The medium sand (0.25 to 0.5 mm) fraction of heavy mineral concentrates prepared from glacial sediment samples is best suited for indicator mineral surveys. The application of till geochemistry to diamond exploration is increasing because it is significantly cheaper than indicator mineral analysis and it can be performed quickly. The <0.063 mm (silt+clay) and 0.5 to 2.0 mm (coarse sand) fractions provide the best geochemical contrast between background and kimberlite-rich till. Kimberlite pathfinder elements that provide good contrast include Ni, Cr, Ba, Co, Sr, Rb, Nb, Mg, Ta, Ca, Fe, K, Ti and REE, the relative importance of which will depend on kimberlite composition as well as that of the surrounding bedrock.

May 1, 2002

By Stephen P. Quin

One of the most prospective undeveloped greenstone belts in Canada, the Hope Bay greenstone belt extends over 80km in a north-south direction and is between 7 and 20km wide. The belt lies on the arctic coast and comprises mafic meta-volcanic and meta-sedimentary rocks that are bounded by Archean granite intrusives and gneisses. The greenstone package has been deformed during multiple events and is transected by major northsouth trending shear zones that appear to exert a significant control on the localization of mineralization. The Hope Bay belt contains a number of significant gold deposits hosted in a typical Archean greenstone belt and which occur in several geologic settings, including shear-hosted, lode-style and breccia-associated. Combined, the deposits host a measured and indicated resource of 1.6 million oz of gold averaging 15.7 g/t plus an inferred resource of 2.7 million oz of gold averaging 12.3 g/t. All deposits remain open to expansion. Exploration in the period 2000-2002 by Miramar includes more than 110,000m of drilling to more fully define the nature of the known deposits, while regional exploration has focused on identifying and evaluating new targets. In carrying out its programs, Miramar uses a number of techniques to improve its chances of exploration success. Activity in 2003 includes 43,000m of drilling focused on expanding resources in the Madrid area, testing the Boston deposit at depth and continuing the hunt for more discoveries. Meanwhile Miramar is advancing one of the deposits towards a production decision, based on a low capital, high return development scenario.

May 1, 2003

By Doug Smith, Gary Taylor, Paul Ogryzlo

"Uranium mining and processing typically requires large quantities of high-grade reactive quicklime for the neutralization and clean-up of contaminated mine water and mill process waste streams. Currently the Saskatchewan uranium industry’s lime requirements are being supplied from deposits located in Manitoba and Alberta, resulting in transportation costs, which equal or exceed the market value of the product. During the summer of 2001, the northern village of Pinehouse located 220 kilometers south of the Key Lake uranium mill, staked two previously discovered limestone deposits. The relatively shallow deposits, known as Missi Island and Sleeping Giant are located in close proximity to one another, approximately 35 km south of Pinehouse adjacent to highway 914. This paper describes the results of a scoping study carried out by AMEC for the development of the two deposits based on a seasonal limestone mine and a continuous 40,000 to 60,000 tpy wood fired calcining plant designed to supply all of the quicklime needs of the Saskatchewan based uranium industry. Also described are the results of calcining and customer acceptance testwork on samples of lime prepared from recent Pinehouse limestone drill core. The potential benefits of the project include a significant new source of revenue for the community of Pinehouse, lower lime costs for the Saskatchewan uranium industry and employment for northerners in the mining, processing and wood harvesting operations.IntroductionInterest in the Pinehouse/Massinahigan River area for limestone was precipitated by the results of a 1977 industrial minerals drill hole program by the Saskatchewan Department of Mineral Resources. These results led to the acquisition of land in the area by Missi Island Mines Ltd who carried out extensive exploration during the period 1978-1982. They discovered a deposit on the southwest side of the Massinihigan River thought to contain approximately seven million tonnes of limestone with an average grade of 94.5% CaCO3. Missi Island carried out preliminary feasibility studies and prepared an Environmental Overview Statement. However, in spite of positive recommendations, the project was dropped in the mid 1980’s."

Jan 1, 2003

By J. D. Bliss, G. J. Orris, W. O. Menzie

"Analysis of gold placer data from gold placers throughout the world suggests that gold grades and volumes cannot be used to distinguish between most types of gold placers. Only the alluvial plain and fan placers are significantly different among the types of gold placers considered. Gold grades and volumes change when working gold placers go from small-volume methods to large-volume methods. The small-volume methods are either of the surface or subsurface (drift mining) type. The odds that a gold placer will be dominantly worked using small volume methods at the surface are about 5:3. Once small volume mining has occurred, the odds against subsequent large-volume mining are about 4:1. If a placer deposit is suitable for large-volume mining, and the amount of gold produced from small-volume mining was reported, an estimate of the remaining gold (log10kg) can be made using the following equation:The relationship shown by this equation suggests that very large gold placers have over half their total gold content in the rich gravels appropriate for small-volume mining. These relationships in conjunction with other data and computer simulation can be used to estimate placer gold resources for an area targeted for mineral resource assessment. IntroductionGold placers have been an important source of gold throughout man&apos;s history and may have been one of the first sources-dating back to around 6000 B.C. (Gregory, 1980). From the primitive basket to the modern floating dredge, a variety of methods have been used to work gold placers. Placers are found in a wide spectrum of geologic and climatic settings. They have been classified by using a mixed set of criteria including age (Recent, Tertiary), climate (desert), fluvial position (modern channel, bench, alluvial fan), environment of deposition (eluvial, alluvial, residual, beach), type of transport (stream, wind, glacier), and whether the placer is buried or at the surface (Boyle, 1979; Wells, 1969). Several mining methods have usually been used to extract gold from anyone placer."

Jan 1, 1987