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By M. Keen

The backfill system at Cleveland Potash?s Boulby Mine places waste filter cake underground in the form of a high concentration slurry in worked out areas of the mine reducing the mine?s environmental impact. The backfill system delivers slurry approximately 1100 m down the mine and up to 11 000 m horizontally underground. The Boulby backfill system is unique in that the placed backfill waste is not used for the usual purposes such as support, pillar extraction or reducing ventilation requirements. It was specifically implemented for environmental reasons. This influenced the design and resulted in some unique features of the system. A previous paper (Wilkins et al., 2004) described the design and commissioning of the backfill system. This paper describes the operational experience with the backfill system and backfill placement since commissioning in May 2003 and looks at lessons that can be applied in other backfill designs.

May 1, 2007

By H. Lundberg

Introduction The world has been suffering from an excessive production of all kinds of raw materials, and the metals and petroleum are no exception. As a consequence, at the moment, the urge to find new mineral deposits is almost non-existent and prospecting languishes. But from previous experience we know that sooner or later new supplies will be needed. Mineral deposits become exhausted, and to keep up the supplies of our metals and petroleum, new deposits must be found. Even now, a supply of petroleum of domestic production would not be unwelcome in Canada. It is not, therefore, so entirely malapropos to discuss means of finding ores and oil as it would seem. Almost any physical property connected in definite manner with minerals and rocks may be made the basis of geophysical exploration. This is particularly true of electrical resistivity, and its utilization in electrical prospecting has been the deciding factor in the discovery of such big ore-bodies as Buchans mine, Newfoundland, and the large copper ore-bodies in northern Sweden, etc., as well as in the solution of many foundation and structural problems. The importance of electrical prospecting has been growing steadily, and already there exists hardly any exploration project involving geological problems which may not profit by its application. Electrical prospecting is marching on, and neither temporary failures, nor incompetence, nor over-optimism, nor ill-will and pessimism, nor bad times and business depression, will be able to halt its progress.

Jan 1, 1931

By R. E. Jones

"Crusher sizing and application in mining operations is the selection of a crusher or a series of crushers to reduce run of mine ore to a size suitable for either autogenous or conventional grinding. It is important that the crusher or crushers be sized to operate within the range to which they have been designed. By the range to which they have been designed, we mean that the reduction ration must be held between specified limits. Reduction ration is the relationship between feed size to product size.In todays plants reduction is usually accomplished in three stages by primary, secondary and tertiary crushers.Primary crushers are either jaw or gyratory and are designed to handle run of mine feed at an open side setting of 5-1/2” to 7”. Reduction ration should not exceed 7 to 1.Jaw CrushersThe model size of a jaw crusher signifies the feed opening. A model 60 x48 jaw has a feed opening 60” wide by 48” long. The 48” is the dimension between the top of the swing jaw and the top of the stationary jaw. The 60” is the width between the two side frames. The crusher open side setting is the discharge opening at the bottom of the crushing chamber with the jaws in an open position. When corrugated jaw plates are used, the open side setting is measured from tip of one jaw plate to the valley of the opposite jaw plate. If a jaw crusher has a 6” open side setting with a 1” jaw motion, you could also say it has a 5” closed side setting."

Jan 1, 1974

By Sergio Cattalani, David J. Kerr, Harold L. Gibson

Abstract - The Horne mine was truly a world class Cu and Au deposit. Between 1927 and 1989, it produced some 260 t of Au and 1.13 Mt of Cu from 53.7 Mt of ore that averaged 2.22% Cu, 6.1 g/t Au and 13 g/t Ag. The total value of Au and Cu production from the Horne deposit at metal prices of US$300/oz Au and US$1.00/lb Cu is an outstanding US$5.2 billion. The Horne mine was also a company builder. After optioning the property from Ed Horne (Tremoy Syndicate) in 1922, the Thomson-Chadbourne Syndicate discovered the deposit in 1923 and quickly grew to become Noranda, one of the world’s premier mining companies. This discovery fuelled exploration and, along with subsequent discoveries in the Val d’Or-Cadillac camps, led to the "economic development" of northwestern Quebec. The Horne deposit influenced and continues to influence genetic models for volcanogenic massive sulfide (VMS) deposits. Early observations at Horne contributed to an epigenetic replacement theory for VMS deposits. The most recent genetic model for the Horne, invoking sub-seafloor sulfide replacement of silicified and sericitized volcaniclastic host rocks within a graben, has subsequently been proposed for another giant VMS deposit, the Kidd Creek mine. The Horne and Kidd Creek deposits show many similarities, such as localization within synvolcanic grabens, long-lived hydrothermal activity uninterrupted by volcanism, sub-seafloor replacement sulfides, stacked sulfide lenses, zone refining, silicified footwall rocks characterized by high positive ?18O values, and association with FIII rhyolites. Notable differences between the two deposits include the lack of andesitic, basaltic or komatiitic flows at Horne, different inferred water depths, high Au content at Horne versus negligible Au, but sub-economic to economic concentrations of Sn, In and Cd at Kidd Creek.

Jan 1, 2000

By K. J. Griffin, G. W. Rosval

"In our increasingly competitive market, attempts to improve productivity by increasing axle loads have placed more severe demands on rails. CP Rail thus requires stronger, tougher, and more wear-resistant rails from steel manufacturers. The choice of any rail steel is always a compromise between technical and economic factors. The technical assessment of a candidate rail consists of laboratory and field testing. Laboratory evaluation of rail steels cannot adequately model many service conditions and must, therefore, be supplemented by long-term field testing. The field testing conducted on CP Rail is the subject of this paper.Long-term, in-track, assessment of candidate rail steels begins with the selection and re-laying of a test curve representative of the intended service with both the candidate rail and a control rail steel (i.e. the present intermediate or premium rail standard). The wear performance of the candidate rail is evaluated, in relation to that of the control rail, using data obtained with a rail profilometer developed by the Research and Development Department of CP Rail. Qualitative observations are also periodically made to evaluate the relative susceptibilities of the two rail types to surface defect formation. Testing continues until stable metal loss patterns are achieved. Relative life predictions are then made and detailed monitoring of the test site is discontinued.CP Rail's in-track assessment program for premium rails has resulted in the establishment of a new CP Rail premium rail standard - low-alloy, head-hardened, rails have replaced high alloy rails. The wear/fatigue lives of these new premium rails exceed those of our previous standard by more than 50%, and they also exhibit excellent weldability. CP Rail will continue to evaluate new premium and intermediate strength rail products."

Jan 1, 1988

By T. Banerjee, D. Felsher, G. Leavoy

"Lake Shore Gold is engaged in commercial gold production at both the Timmins West and Bell Creek mines, located in Timmins, Ontario. Run of mine ore is processed at the Bell Creek mill which consists of a conventional gold mill flow sheet involving crushing, grinding, gravity concentration and carbon-in-leach (CIL) for gold recovery. Since 2009, the operating capacity of the mill has been upgraded from 2000 tpd tonnes per day (tpd) to over 3,000 tpd. The most recent expansion involved the installation of a low aspect ratio SAG mill to replace the secondary crusher. Without operational data on the low aspect mill, combined with a site team that was new to SAG milling, there were many challenges in achieving the target throughput from the circuit. Through the implementation of AwaRE advanced controllers, running in closed loop with PRC fragmentation cameras as well as embedded PARC modules within the Allen Bradley PLC, the site was able to rapidly develop a best operating practise and has been successful in creating a stable and consistent operational environment. The process, lessons learned and eventual solution will be reviewed in this paper.INTRODUCTIONLake Shore Gold is engaged in commercial gold production at both the Timmins West and Bell Creek mines, located in Timmins, Ontario. Run of mine ore is processed at the Bell Creek mill which consists of a conventional gold mill flow sheet involving crushing, grinding, gravity concentration and carbon-in-leach (CIL) for gold recovery. Since 2009, the operating capacity of the mill has been upgraded from 2,000 tpd tonnes per day (tpd) to 3,150 tpd. The most recent expansion involved the installation of a low aspect ratio SAG mill to replace the secondary crusher. This endeavor was split into two phases: the expansion of the back-end (Phase 1) and the front-end (Phase 2) of the mill. Phase 1 of the expansion was completed at the end of 2012 and involved enhancements and capacity addition to the leaching and adsorption circuits, which increased the mill’s capacity to 2,500 tpd. Phase 2 of the expansion commenced at the end of July 2013 and involved the expansion of the crushing and grinding circuits. The expanded front-end of the mill now has a capacity of 5,500 tpd, and processes ore from both Bell Creek and Timmins West mines. The updated flow-sheet, as shown in Figure 1, illustrates the replacement of the two-stage crushing and ball milling circuit with a single stage crusher and a low aspect ratio SAG mill."

Jan 1, 2015

By T. A. Kirk

"The Linatex Dewatering System is a compact, low capital and maintenance cost matched set of processing equipment suitable for solids recovery, dewatering and desliming sand-like materials in the range 3/8"" to 325 mesh ( 1). Since its introduction to North America in the early 1970s, various elements of the system have been successfully installed in a variety of applic11tions both in Canada and the U.S.A. Examples are chosen from the coal, fine aggregates, iron ore and industrial minerals industries.II. Elements of the Linatex Solids Recovery System(A) The Linatex Separator (See Fig.I)The Linatex Separator, which is the heart of the system, is a specialized type of hydrocyclone designed to give a self regulating rope discharge product. It has the familiar cyclone geometry of cylindrical and conical section, tangential inlet, apex and vortex finder. The apex is enclosed in a unique patented automatic underflow regulator consisting of a collapsible rubber sleeve, and the overflow line is a siphon-leg, with a controlled air bleed valve. The siphon leg is adjusted so as to balance the internal negative pressure acting as a closing force on the underflow regulator against the mass of slurry pressing down on it from the cone section of the Separator. With correct adjustment the underflow regulator will close drip-tight on a water only feed. As solids accumulate in the apex of the cone the weight of solids counterbalances the vacuum and cat1ses the underflow regulator to open and discharge classified material at a controlled density."

Jan 1, 1978

By Stephen L. Chryssoulis

"""Preg-robbing"" of gold by carbonaceous matter during the cyanidation of certain types of carbonaceous gold ores is well documented. Recent studies established that ""preg-robbing"" of gold is not limited to carbonaceous matter. Gold sorbed on the surface of pyrite grains was detected and quantified by TOF-LIMS (Time of Flight Laser Ionization Mass Spectrometry). Crystallites of pyrite from a number of ores from different geological environments have been shown to have gold on their surface apparently sorbed from the ore forming solutions. Surface gold accounts for significant fractions of the gold head assay. Preg-robbing of gold by pyrite from pregnant cyanide solutions was also documented, and accounts for significant losses to tailings. Preventative measures are discussed.1.0 IntroductionThe detection and subsequent quantification of gold sorbed on the surface of pyrite particulates came about during routine determinations of the deportment of gold employing the comprehensive mineralogical approach (Chryssoulis and Cabri, 1990). In some pyritic gold ores it was discovered that the sum of the various forms in which gold ""conventionally"" occurs, was short of the gold assay. The mineralogical procedure used involves the independent determination of each fraction of gold, in other words there is no form of gold which is calculated ""by difference"". The systematic shortfall after having added the forms of gold listed in Table 1 led to the inquiry for the 'missing' gold and its discovery on the surface of pyrite grains, such as crystal facets and fractured surfaces.Preg-robbing of gold by pyrite from pregnant solutions was first described by Lloyd. In his studies, preg-robbing was measured by changes in the solutions/solids gold assays. This paper describes the first application of a direct measurement method for surface gold on pyrite particles from untreated and processed samples, its impact on gold deportment and processing. The advantage of the direct measurement lies in the absence of interference from other forms of gold, leading to more accurate and precise determinations of this unconventional form of gold."

Jan 1, 1997

By Seppo Lähteenmäki, Pertti Koivistoinen, Jaakko Levanaho

"This paper describes the benefits and disadvantages of fully autogenous grinding when compared to grinding with steel grinding media. The study is a real case study based on a low tonnage, high grade mining project in a remote location in a developing country. The study compares the capital and operating costs of using either SAG mill, Ball mill, Crusher (SABC) or fully autogenous (AG) grinding circuits and produces an economical analysis of the project for both options. The economics have been developed for the overall project, including mining, processing, environmental and the infrastructure as well as for the additional cost of constructing a fully autogenous grinding circuit instead of the original plan of a SAG Mill, Ball Mill circuit.The paper also describes the development of the autogenous grinding circuit at Outokumpu Oy, Pyhäsalmi mine. This experience was used to design the autogenous grinding circuit for the case study. Pyhäsalmi Concentrator has over 30 years of experience in operating autogenous grinding circuits and therefore provides a sound base for the new circuit design.INTRODUCTIONGrinding of ore using steel grinding media is currently the most commonly used method in the mining industry. Autogenous grinding, ore replaces iron media, is also common especially in Europe and Africa. Iron ore industry in North America uses autogenous grinding in primary and/or secondary stages extensively. In gold, copper and other base metal industries, autogenous grinding is not as common, although there are operations where pebble grinding is or has been used in the secondary grinding stage. There are many variations of autogenous grinding in use in the mining industry. These variations include different mill sizes, mill length to diameter ratios, ore lump sizes, screening and pebble crushing configurations."

Jan 1, 2000

By Robert B. Parsons

"Exploration and development of mineral resources in developing countries by Canadian-based multinational mining companies is becoming increasingly common. One problem being encountered is that the objectives of the governments of developing countries can differ from those of developed countries. These objectives are not always consistent with maximizing returns from the projects, which can create conflicts between the mining company's responsibility to its shareholders and the desire to be a good corporate citizen. This article discusses how a mining tax regime can be designed to make the social goals of a government consistent with the economic goals of the company.IntroductionAt the recent International Seminar on Mining Taxation organized by CIM and the United Nations there was considerable discussion about the role of international mining companies operating in developing countries. Not surprisingly, given the diversity of backgrounds of individuals attending the Seminar, there were different opinions about what this role should be.Government PositionRepresentatives of governments pointed out the strong desires of their countries for technology, high-level technical training of their workforce, increased employment, and development of social infrastructure. They pointed out that, to a large extent, these objectives could be more efficiently met by mining companies operating in the country than by the governments themselves. For example, a multinational mining company (""MMC"") would have extensive knowledge of the various technologies available, and would have performed a detailed evaluation of the mineral resources before choosing the most cost-efficient technology for that project. They would, therefore be in an ideal position to assist the country in importing and developing such technology. Similarly, the company could provide opportunities for hands-on training, both at the technical and managerial levels, which would otherwise be unavailable to the government."

Jan 1, 1991

By A. Vien, B. C. Flintoff, R. P. Edwards

"This paper provides a critical review of the development and application of advanced controls in mineral processing at the industrial level. These algorithms can be sub-divided into four broad categories: Kalman filter, self-tuning, extended horizon, and knowledge based or expert systems. Applications from each category are described outlining the benefits derived, the relative advantages of that particular controller, and potential limitations of the controller which may inhibit their more widespread application. The paper will conclude with a description of control algorithms which are currently in the rudimentary design stage, but may hold tremendous potential for mineral processing control systems in the next decade. INTRODUCTIONThe Canadian mining industry has a large installed milling base and many plants are run with manual or low level automatic process control. The competitive pressures imposed by the market will not allow these operations to ignore the significant increase in efficiency that can be achieved through the effective application of advanced process control. These improvements will come in the form of better quality, higher productivity and reduced costs.There have been quite a number of reports of successful applications of advanced control in mineral processing applications. As this trend continues, and more of the work is documented, the technology will be more effectively transferred to process and control engineers. It is the authors' opinion that the most difficult problems facing process control are not really technical in nature. Rather, they lie more in process control education. This extends from management, through engineering to the operators.The purpose of this paper is to provide a tutorial type overview of some of the more frequently encountered advanced control algorithms. The assumption is that the reader has a superficial knowledge of this technology. In the discussions which follow, several techniques are explored within the framework of simple process examples. Industrial examples are cited for each and an evaluation of the expected longer term potential is given."

Jan 1, 1992

By G. J. Knighton

Introduction The Sullivan concentrator treats the complex lead-zinc-iron ore from the Sullivan mine of the Consolidated Mining and Smelting Company of Canada, Limited, to make a lead and a zinc concentrate for its metallurgical plants at Trail. Three miles separate the mine and mill, which are situated near the town of Kimberley, in the East Kootenay district of British Columbia. The orebody consists typically of banded sulphides, mainly galena, sphalerite, pyrrhotite, and pyrite. Important factors in the concentration of the ore are its exceedingly complex and its high specific gravity. It should be remembered throughout the paper that results and figures are based on Consolidated's experience with the Sullivan ore. The present mill feed rate is 8,500 dry tons of ore per 24 hours, for an operating week of five and a half days. Grinding and classification of the ore are carried out in three stages and, in addition, there is a re-grind section which re-treats the zinc middling. It is the purpose of this paper to discuss the classification in the various stages and to give the results o comparative tests which have been carried out for the purpose of improving operations in the mill. The Primary stage consists of six units, each made up of a ball-mill and classifier (see accompanying flow-sheet). Four units operate in open circuit and two in closed circuit. The secondary stage consists of eight ball-mills operating in closed circuit with twenty-one classifiers. In the Tertiary stage are two ball-mills in closed circuit with eight classifiers. The re-treatment section for re-grinding the zinc middling comprises one ball-mill in closed circuit with two classifiers.

Jan 1, 1947

By J. Cayouette

In 1995, Louvicourt mine started one of the first paste backfill operations in Canada. From 500 000 t in 1995, the annual paste backfill tonnage produced reached 800 000 t in 1999. The maximum throughput of the surface plant (including binders) is 3500 tpd with a final density of 75% to 76% solids which gives a slump of 15 cm to 17 cm. Following the start-up of the paste backfill plant, the backfill strength performance levels were well below the pilot plant’s predictions. The introduction of ferrous slag, laboratory tests on various binder ratios with or without additives, and the desliming of the tailings enabled us to optimize the mix and operation costs. Primary and secondary stopes are filled respectively with a paste containing 4.5% and 2% binders in a mixture of 20% cement to 80% ferrous slag. In certain stopes, the binder ratio may vary from 2% to 7%, but always in a ratio of 80/20. Six years after start-up, or 4.5 Mt of paste backfill later, this paper discusses the present operation and the major changes that have occurred over the years to optimize both the operation and the paste fill quality.

Jan 1, 2003

By D D. Deacon

A brief description is given of the requirements which No. 4 Shaft has been designed to meet and of the methods by which two-stage winding of rock has been accommodated in a single shaft sunk to a depth of 7,421 ft. This is followed by a consideration of the factors which led to the decision to sink the shaft as rapidly as possible. Introduction T HE No. 4 Shaft of Hartebeest-fontein Gold Mining Company, Ltd., has been sited to serve the deep southern area of the mine, some 1,500 claims in extent, between the elevations of 6,250 and 7,300 ft. below surface. From this area, some two-thirds of the mine production will ultimately be obtained. Above the 6,-250-ft. elevation, an existing shaft hoisting system, situated adjacent to the reduction plant, is of adequate capacity to cater for all ore hoisted to surface for milling. No. 4 Shaft will therefore be required to provide downcast ventilation of 1,000,000 c.f.m., together with surface hoisting facilities for men, material and development rock and underground hoisting

Jan 1, 1965

By E. J. Sun

The ADS system was developed to reduce accidents related to haul trucks operating under low visibility conditions in surface mining and construction sites, which is based on the GPS, mesh-wireless networks, and the Google-Earth 3D graphic engine as the graphic interface and mine-mapping server. This system has the capability to pin-point and track vehicles in real time using a 3D interface, which is based on user-based AutoCAD mine maps using the Google-Earth graphics interface. All equipped vehicles are shown in a 3D mine map stored in a local server through a wireless network. When low visibility conditions are present, the system indicates available exit/escape routes for driver safety. The research results indicate that the ADS system potentially increases reliability and reduces uncertainty in open pit mining operations by customizing the local 3D digital mining map, constructing the truck 3D models, tracking vehicles in real time using a 3D interface and indicating available escape routes for driver safety.

Oct 1, 2009

By Stuart Elliot

Brownfield project portfolios are notoriously hard to manage. Day to day there is a constant stream of changes and challenges within projects and across the whole program. When the budget year is over, we?re often left wondering: did the facilities get what they really needed? Did we get value for the capital that was spent? Did we get all the project control and process improvement that we paid for? Great work has been done over the years by the Project Management Institute, Construction Industry Institute and Independent Project Analysis to identify what leads to project success, develop project delivery systems and equip project leaders to perform better. But is attention to individual projects all we need when the job is to deliver a portfolio of many projects? Let?s work with an analogy for a moment, and say a project is like a car, and a project manager the driver. Why can?t all the projects in the portfolio get home in time for dinner? The answer, of course, is that the commute home is about traffic, not just about cars. The road, the signals and the actions of other drivers affect us in our individual cars. Optimizing traffic flow is not about managing individual cars, it is about creating the conditions that allow all traffic to move as smoothly as possible. When we?re stuck in traffic, it doesn?t really matter that we are skilled drivers who know our exact location and our engine?s vital signs. Success with a brownfield portfolio requires more than the equivalent of driver training and a good GPS in every vehicle. Managing the annual budget requires more than tight management of each project. This is not a suggestion to abandon project management in the brownfield multi-projects world; the idea is to find and apply the right tools for delivering a portfolio. Remember, we want confidence in 3 areas: 1. that the facility is getting what it really needs, when it needs it 2. that we are getting value for money invested in facility modifications and improvements, and 3. that our controls are adding value by guiding our improvement What are those portfolio tools? The job they have to do is distinct from project-level thinking: ? Create a clear and balanced business pull for project ideas ? Maintain a respectable plan for fiscal, resource and business control ? Organize the work into a steady flow ? Manage the nature and timing of value-driven project substitutions and priority changes ? Focus on overall business value added and best use of resources ? Repurpose the projects organization into being the way the facility gets improved

Nov 1, 2011

Burr Mineral Resource has: ?Grade / Thickness / Tonnage ?Dry Caprock ?Low Carnallite ?Low Clay / Insolubles ?Flat & Continuous Deposit ?Proper depth

May 1, 2009

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

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

Jan 1, 2019

By Lawrence Devon Smith

"The concept of risk is well established in the mining industry. It is acknowledged when estimates of reserves are expressed as proven or probable, when mining and metallurgical recoveries are applied to the ore, and when contingencies are added to costs. However, it is difficult to provide a quantitative assessment of risk. The significant sources of risk in a mineral project and how these are addressed in project evaluations are discussed. The discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk.IntroductionThis paper examines the components of the discounted cash flow discount rate and proposes a method of estimating project-specific discount rates. The motivation for this work comes from experience of project evaluations in which owners and purchasers had agreed on virtually every aspect of the evaluation except how much the project was worth. Agreement was reached on reserves, grad~, recovery, capital costs, operating costs, taxes, and, by combining these components, even on the fmal cash flow values. The only difference in opinion concerned the discount rate to be used in the calculation of the net present value. Depending on the life of the project, such differences of opinion can cause a variation of more than 50% in the value placed on a project! This is illustrated in Figure 1."

Jan 1, 2003

By D. A. Cormode

"INTRODUCTIONPine Point Mines, operated by Cominco Ltd., is located approximately 55 miles east of Hay River, N.W.T. by the southern shore of Great Slave Lake.The milling operation commenced in the fall of 1965 at a design capacity of 5,000 tpd. An addition which came on stream late in 1968 raised the nominal capacity to 8,000 tpd. Currently the milling rate is 11,000 tpd.The lead and zinc sulphides occur in dolomite host rock. Typical feed grades at present are 2% lead, 5.5% zinc and 5 % iron. When dolomite is present even in relatively minor amounts in the zinc concentrate, it presents serious treatment problems and causes inefficient operation of electrolytic zinc refineries.By 1972, it had become apparent that magnesium rejection in the form of dolomite was deteriorating because of increased plant throughput of less amenable ore. This paper will briefly outline the Pine Point zinc flotation circuit and will discuss the two phase program for reducing the magnesium level in the zinc concentrate. The program included changes and alterations to the flotation circuit and the construction of an acid leaching plant."

Jan 1, 1977