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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 V. Murugaiyan

The Geotechnical Engineer is faced to view problems emerging from the task of protecting the environment and also the problems related to prevention of natural hazarders. Geo-Environmental Engineering, based on the development of geotechnical engineering, addresses the problems for the industrial world and the impact on health and welfare in relation to pollution of the ground. In the recent years, acute land pollution due to indiscriminate discharge of industrial effluents especially Organic acid based effluents has become one of the major concern due to erosion in the privatization of sustainable development under Indian Scenario. To study the effect of chemical changes on soil properties due to amino acid effluent contamination on soil and erosion behavoiur. The changes in the soil properties of effluent contaminated clay and silty soil were experimentally observed to be due to the interaction of organic and inorganic constituents of effluent on index properties of soil. The surface reactivity of soil mass is experimentally reported to be varying proportionately with respect to clay (%) in the soil. Also higher surface reactivity of clay increases the Solid Retension Time (SRT) with increase in rate of chemical transformation of organic and inorganic solids within soil. Hence soil S1 (high clay content 54.5%) showed increased SRT and soil S3 (low clay content, high silt and clay content 94.9%) showed decreased SRT and long transformation stage.

May 1, 2004

By K. V. Konigsmann

"Mattagami Lake Mines Ltd operate a zinc-copper mine with an annual output of about 200,000 tons of zinc and 30,000 tons of copper concentrates. Zinc concentrates arc shipped to a company owned smelter in Valleyfield (a distance of 690 miles), for Export to Quebec City and also to Josephtown, Pennsylvania (1,060 miles, Figure 1.)The protection of concentrates in open gondola rail shipments has been a matter of concern since operations commenced. Considerable financial losses did occur at times because of wind erosion. Operating difficulties were also encountered by customers because of excessive moisture accummulation in the concentrates. Test shipments made in 1969 established the magnitude of losses in open cars. The results and subsequent investigations at our mines and elsewhere confirmed that load protection is an economic necessity.Many types of covers were experimented with, more or less successfully. In 1972 we agreed on a joint program with Dupont of Canada Limited. A new type of cover was developed by early 1973. It has been in use since, undergoing several improvements as experience accumulates."

Jan 1, 1975

By James A. Finch, Robert E. McIvor

"This paper presents the development of a new grinding circuit steady-state modeling system. It is fundamentally based on the “functional performance equation”, which has now been used to improve the performance of numerous grinding circuits. This equation characterizes the two distinct efficiencies that are at work in a ball milling circuit, and how these relate to overall circuit productivity. It does so based on the particle size chosen to distinguish between coarse and fine (product size) material. Now, by applying it to all the material size classes, a simple yet reliable ball mill model was created. Combined with cyclone recoveries, the complete, detailed grinding circuit performance can be exactly reproduced mathematically by the computer program. It can then be used with separate process equipment application engineering methods to systematically engineer grinding circuit improvements. The development, features, uses and limitations of the system are described.INITIAL DEVELOPMENT OF THE CIRCUIT MODELThe Functional Performance Equation for Closed Circuit Ball (or Pebble) MillingIt has been shown that closed grinding circuit performance can be effectively characterized by the “functional performance equation” for closed ball or pebble milling circuits (McIvor, 2006a). One method of its derivation is summarized here for convenient reference.First select a cut-off size to define “coarse” versus “fine” or product size material for the grinding circuit. Any particle mesh size can be used to differentiate between coarse material and fines, but the circuit target P80 is often an effective choice for these purposes.Any energy expended on “fines” is wasted. It also generates “extreme fines” often detrimental to downstream processing (McIvor and Finch, 1991). Only the portion of the mill power draw that is expended on coarse material is effectively used. This portion can be estimated from the mill feed and discharge size distributions (McIvor, 1988a) by taking the average of the percentage of “coarse” material in the mill feed and discharge. We can define the thusly calculated percentage of the mill power that is expended on coarse material in the mill as the ball mill circuit “classification system efficiency” (CSEff). The “effective mill power” (EMP) can be calculated from the total mill power (TMP) as follows."

Jan 1, 2007

By Jamie Archibald

The Department of Mining Engineering at Queen?s University conducted a study of backfill practices in underground mines across Canada to assess the current state of backfill usage and to overview potential hazards associated with backfill practice, from preparation to transportation to placement. The primary aim of this study was to cover each component of a typical mine backfill system, and to identify potential incidents leading to the disruption of backfilling operations and any associated corrective actions. This paper, Part II of the study, deals with underground operations consisting of backfill transportation and backfill placement. Part I of the study, which deals with surface operations consisting of backfill material supply and backfill plant preparation, is also presented in these proceedings. A review of safety measures associated with current backfill operations and recommendations for procedures of best practice that should be implemented to reduce fill-related hazards in all mine backfill workplace environments are presented. In general it has been found that system failures normally lead only to minor losses to the operations.

May 1, 2009

By L. D. Smith

"This paper examines the impact of the various assumptions that go into an economic evaluation, and shows how these can be combined to show an exciting result that may not really exist. An example of an embellished case (the kind that one frequently sees when projects are being promoted) is developed and the cumulative impact is analyzed to show the actual project underneath. The paper also points out some areas to watch for overly optimistic assumptions such as prices, inflation, and debt. The concept of a “bare bones” base case is proposed (constant metal prices, constant dollars, no inflation, no debt, no interest, on a project basis, after tax) as a common reference point.As well, the discount rate is examined as one of the 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."

Jan 1, 2002

PRESENTATION PURPOSE ? Provide an overview of BC?s Environmental Assessment Actand environmental assessment process ? Identify key issues influencing environmental assessments in BC ENVIRONMENTAL ASSESSMENT ACT ? Major project proposals require an EA before a project can proceed ? Considers potential effects of proposed projects and ways to minimize or avoid adverse effects Minister of Environment and the Minister designated as responsible for project category decide whether or not to certify a project or order further assessment

May 1, 2006

By Karl Hoover, Cassandra Spence, Brent Bachewich, Jaakko Levanaho

"Since year 2000 the gold recovery into copper concentrate at Hudson Bay Mining and Smelting has reduced considerably during the summer months. This initiated a testwork program in the fall 2003 to find reasons and solutions for such change. During the testwork mineralogical factors, water quality effects and different reagents were evaluated. The reason for the lower recovery appeared to be the sensitivity of some collectors to pulp temperature. As a result of the work different collectors are being used in the mill in the summer than in the winter. A modification to the water system was also made to provide cooler water to the mill in the summer months.INTRODUCTIONHudson Bay Mining and Smelting (HBMS) is located in Northern Manitoba, just on the border of Manitoba and Saskatchewan. The complex consist of four different mines, Callinan, Trout Lake, Konuto Lake and 777 mine including copper smelter and zinc hydrometallurgical plants producing metallic copper and zinc. Gold is a very important byproduct providing about 30% of the mine revenue. In early 1990s when the company was facing declining ore reserves and was starting to gradually close down the operations, the 777’th exploration drill hole discovered a new orebody, which initiated a $0.5 billion expansion program. The main projects were a new 777 hoist with underground development and a new zinc cell house. About $30 million was used to increase the mill throughput to the present 2.27 million tonnes or 2.5 million short tons per year. The expansion programs were finished by the end of the year 2003.Historically the gold recovery at HBMS has varied between 60 and 70%. The recovery has been somewhat lower during the summer months. Gold recovery improvement projects were conducted throughout the 1990s, but were not focused on the seasonal gold recovery variance. However, since 2000, when the water system modifications to meet the increased water demand were completed, the gold recovery during the summer has been much lower than in the past. In August 2003 gold recovery fell below 30%, which initiated a metallurgical research program to discover the reasons behind the low gold recovery in the summer."

Jan 1, 2005

By R. W. Schutz

"Titanium possesses an exceptional and wide-range resistance to chlorides and their compounds when compared to most corrosion-resistant engineering alloys (CRAs) used in the chemical process industry. This natural resistance to chlorides stems from titanium’s protective, tenacious, and readily rehealable titanium oxide surface film, which is chemically stable over a wide range of pH and redox potentials in aqueous environments. This passive film explains titanium’s elevated resistance to anodic pitting, crevice and stress corrosion, and erosion-corrosion in aqueous chloride environments.Guidelines for successful selection and application of industrial titanium alloys are derived from an extensive laboratory test database and more than forty years of industrial/chemical service experience. These guidelines are simplified, and alloy corrosion performance is assessed with respect to four basic aqueous chloride service categories where selection or consideration of titanium is highly merited. An overview of historical titanium alloy applications in chloride-rich environments in a wide variety of process industries substantiates their exceptional chloride tolerance. These industrial titanium alloys are cost-competitive with stainless steels and nickel alloys, readily commercially available, and routinely fabricated and welded in the shop and field via well-established methods."

Jan 1, 2002

By G. Shore

Radiation grafted structures my be fabricated to contain ion exchange groups selective to an ion complex. Proper choice of substrate and monomer will provide selective ion exchange with differing physico and chemical properties. Grafting a selected monomer to the proper polymer will provide selective ion exchange with assured chemical protection of the substrate. Ion exchange systems utilizing radiation grafted structures have been fabricated to ''capture'' gold, silver and palladium from dilute solutions. Other ion exchange systems can feasibly be produced to remove other precious metals. Rotating Cathode Technology is used to recover the metals from their regenerating solutions are pure metal foil.

Jan 1, 1985

By A. Dogan Paktunc

Abstract - The Mechanic Settlement pluton is a small body of mafic and ultramafic rocks of tholeiitic affinity, occurring in the Late Neoproterozoic volcanosedimentary rocks of the Avalon terrane of the Appalachian Orogen. The lenticular-shaped intrusion is layered and consists of ultramafic and mafic lithologies in at least six cyclic units that are relatively thin or short-lived. The lowermost exposed portion of the intrusion is characterized by the cumulate sequences of olivine and olivineclinopyroxene and display relatively flat rare earth element profiles. In the overlying lithologies, plagioclase is the dominant cumulus phase following olivine in the crystallization sequence. Olivine ranges in composition from Fo73 to Fo85 and plagioclase from An62 to An89. Variations in the compositions of orthopyroxene and clinopyroxene are within Wo0-4En52-87Fs11-45 and Wo39-50En23-50Fs3-19. These mineral compositional variations in part reflect cryptic patterns and correspond to normal fractionation trends in cyclic units. Elevated Pt and Pd concentrations of up to 2.6 ppm occur in ten zones within the central cyclic series in association with both the peridotitic and gabbronoritic rock types. The mineralized zones are about several meters thick and appear to have lateral continuities over several hundred meters, suggesting that they are stratiform. Platinum-group elements (PGE) occur as discrete platinum-group minerals (PGM) including vysotskite, merenskyite, michenerite, sperrylite, stillwaterite, and hollingworthite that are associated with magmatic sulfides composed of pentlandite, pyrrhotite, and chalcopyrite. PGM grains range in size from a few micrometers to well above 20 µm. Sulfur isotope ratios and the Se/S ratios of the mineralized rocks are typically higher than the mantle values. Sulfide saturation probably occurred as a result of assimilation of crustal rocks and magma mixing during emplacement of subsequent pulses of magma. Repetition of the PGE mineralization in rather thin cyclic units suggests that the replenishing magma probably had high PGE levels and was saturated with respect to sulfide during emplacement. Ingression of the replenishing magma into the chamber in a turbulent plume and its mixing with the resident magma was probably responsible for the formation of the PGE mineralizations in the Mechanic Settlement pluton.

Jan 1, 2000

By Karim El-Ouassiti, Marc Minville, Stéphane Chabot, Claude Bazin, Valérie Ouellet

"Alumina is the main source of aluminium and it is extracted almost exclusively from bauxite ores found in the Southern hemisphere. Clays are abundant minerals that contain from 15 to 40% w/w of alumina from which it can be extracted by various processes. This paper reviews the processes used for the extraction of alumina from clays and discusses results obtained with a clay sample from the Murdochville area in the Quebec Province. The application of a conventional process to this clay did not yield an acceptable recovery although smelter grade alumina was produced. A modification to the process allows increasing alumina recovery from 85% to more than 92%. The application of the improved flow sheet to other alumina carriers failed to yield comparable recovery, showing that an optimum processing path for the recovery of alumina should be found for individual clay materials.INTRODUCTIONMost of the aluminium smelters are fed with alumina extracted from bauxite found in the Southern hemisphere. Bauxite is processed by the Bayer process that uses a caustic leach of the ore. In the middle of the century, the US Bureau of mines, motivated by the fear of an alumina delivery disruption, conducted several research projects aiming at producing alumina from non bauxitic ores. These projects led to the development of various acid leaching processes (Habashi, 1993). The sulphuric and hydrochloric acid leaching processes were brought to pilot plant evaluation (Bengtson, 1979), while nitric and other leach liquors were tested in the laboratory (Phillips and Wills, 1982; Habashi, 1983). Although clays are abundant and inexpensive minerals, the studied processes remained uncompetitive with the alumina extraction from bauxite (Hudson, 1987 page 42; Peters et al., 1962) for which reserves are estimated to support alumina production for the next 50 years (Oye et al., 1999). On the other hand, the local extraction of alumina from clays could significantly reduce the transportation costs of alumina to smelters and provide an alternative source of alumina supply from the Southern hemisphere countries. Also, the extraction of secondary products for some types of clay (Nasyrov et al., 1999) containing significant amounts of potassium and sodium could provide an additional return that may improve the economics of alumina production from clays."

Jan 1, 2005

By Leslie F. Sawatsky

Each potential oil sands developer deals with the question of optional sources of raw water to supply large water demands that range from 50 to 80 million cubic metres per year for each of six existing and planned developments. The Athabasca River currently supplies nearly all of the water to the existing mines via conventional bank intakes, which has resulted in some concern over the effects of reduced river flows. This paper describes the various water supply options, and the likely scenario for future oil sands water supply projects. Various water supply options have been suggested including Athabasca River water via infiltration galleries, groundwater, combined Athabasca River water and alluvial groundwater using wells (i.e. bank filtration systems), diversion of tributary rivers, utilization of large lakes in the region and pumping from other large rivers in the region. Investigations show that the size of river catchment needed to support raw water usage by a typical oil sands mines exceeds 5,000 km2 eliminating all tributary rivers that are located in the oil sands region except those rivers with large drainage areas like Firebag and MacKay Rivers. Lakes cannot be used as a source of supply due to large water deficits for smaller lakes and the large cost of sourcing water from a lake as large as Lake Athabasca. A groundwater source alone would not likely meet the large water demands. River intakes on the Athabasca River will likely continue to be the most practical water supply option for oil sands mines north of Fort McMurray, although various types of Athabasca River intakes are possible. Existing intake systems include screened riverbank intakes, forebay intakes, and river bottom intakes. Infiltration galleries are not feasible for most sites, though some bank-filtration-type systems using high capacity wells may be an option if there is sufficient thickness of high-permeability alluvium at a suitable location in the Athabasca River valley.

May 1, 2004

By I. S. Thompson

"Exploration properties form a continuum from grass roots to those with favourable geology, geochemical and/or geophysical anomalies, mineralization, showings (prospects), and finally to those with defined mineral deposits. Often, properties exhibit a composite of these categories.The most problematic to value are properties or deposits that are not economically exploitable at the time of the valuation due to a lack of exploration, insufficient grade or tonnage, poor mining conditions, or the imposition of socio-economic, environmental, or legal constraints.Various acceptable methods of valuing the range of all such mineral properties or deposits are reviewed. Some less appropriate methods are also discussed."

Jan 1, 2002

By Pierre Gratton, Gordon Peeling

The Mining Association of Canada launched the Towards Sustainable Mining initiative in 2004. TSM’s goal is to improve the mining industry’s performance by aligning its actions with the priorities and values of Canadians. The initiative currently includes performance indicators for four areas: tailings management, energy use and greenhouse gas management, external outreach and corporate crisis management planning. Over the past year, the association has been designing a performance assessment and verification system for these performance areas, as its members prepare to move to external verification of their performance in 2006. The presentation will describe the initiative and its evolution, as well as the challenges faced in developing a verification system applicable to an entire sector.

Jan 1, 2006

By P. Trudel, É. Cabot, L. Cabot

"A modular gold processing unit (MGPU) was designed, installed and operated over an eight-month period by RSW-Béroma at the Granada mine located near Rouyn-Noranda, Quebec. A description of the project geology, plant set up, as well as exploitation results, including productivity and profitability curves, are given for a small-scale mining operation in comparison with larger ones. IntroductionSmall-scale mining (SSM) is a widespread activity in Africa, Mexico, Central America and South America, where numerous small mineral deposits are exploited manually or by semimechanized methods. On the other hand, SSM is almost absent in Canada, where the mining industry traditionally exploits large deposits, using concentration plants with capacities of many thousands of tonnes per day. However, many small gold (and other metallic or industrial mineral) deposits are known in Canada. Their reserves are too small to justify the cost related to the construction of a standard mill and, if they are remote from a custom milling facility, they remain unexploited. With this in mind, RSW-Béroma has developed the modular gold processing unit (MGPU) that allows the profitable exploitation of small mineral deposits. The MGPU is the perfect tool for SSM and its main advantages are a much lower capital cost than a standard mill and its portability, which makes it easy to transport and reinstall on another site, once the exploitation of a small deposit is terminated. The denomination MGPU will be used hereafter in the text as it was primarily designed for gold deposits, although it must be kept in mind that this portable plant can be adapted to other mineral substances."

Jan 1, 2003

By C. O. Brawner, J. Kalejta II

"The classical approach to control rock fall and ravel in open pit mining has been to use catch benches. The width and volume of benches is most dependent on the bench height, size of loading equipment, blast damage to the face and mining regulations. This was compatible with open pit slopes of less than approximately 45 degrees.As our understanding of rock mechanics and blasting control has improved over recent years, much steeper rock slopes can be developed at many open pit mines. However, narrower benches result in less rock fall capacity.The transportation industry has been very successful in using catch fences to protect highways throughout North America and Europe for years. The authors recommend that cable and ring net fences have a potential major application in open pit mining to allow steeper rock slopes with significant economic benefit. This paper outlines the application, design and operation of catch fences in surface mining for specific conditions. Typical case examples are presented."

Jan 1, 2002

By B. Wasmund, M. Y. Solar, I. Candy

The nickel laterite industry is divided into two camps when it comes to the grade of the ferronickels produced. One group, led by Falcondo and Cerro Matoso, markets high-grade ferronickels in the range of 35 to 40% nickel, while another group, led by SLN and the Japanese smelters, favour lower grades in the range of 20 to 25%. Because the ores processed by these smelters vary widely in terms of nickel content and iron to nickel ratios, it is probably more accurate to classify these smelters in terms of their iron recovery: Falcondo and Cerro Matoso smelt at lower reduction potentials and thus recover only 15 to 30% of the iron in their ores, while SLN and the Japanese smelters are very reducing and recover 45 to 65% of their iron. Low reductions generally imply higher slag losses and lower nickel recoveries, but also lower power and reductant requirements; higher reductions, the reverse. The question is, therefore, whether an economically optimum ferronickel grade exists for processing any given ore. This paper proposes a methodology for determining this optimum grade and concludes that nickel laterite smelters should favour low reductions and production of high-grade ferronickels.

Jan 1, 2008

By R. Hamilton

"Louvicourt mine began operation in 1994. It is located in northwestern Quebec, 20 km east of Val d’Or. The mine is owned by Aur Resources (30%), which operates the mine, Teck/Cominco (25%) and Novicourt (45%). By the end of 2002 there were approximately 280 employees working on the site, including contractors. Production averages 4300 tons per day, working a massive sulphide body located between 415 m and 920 m underground.Maintenance expenses represent 27% to 29% of the operating costs, and the maintenance personnel represents 34% of the total workforce (including electrical, mechanical and concentrator maintenance staff). Considering these figures, in addition to capital costs and indirect costs, such as energy (electricity, fuel, gas, etc.), it is worthwhile to pay attention to how things are done in order to protect such investment. Every task performed to help understand the impact of Louvicourt’s practices must to be seen as an investment in the reliability of its operation."

Jan 1, 2003

By R. Laplante, P. Radziszewski, P. De Ciccio

"Predicting the effect of wear can lead to improved control strategies that can possibly minimize the risk of catastrophic failure due to wear while maximizing useable life. In the field of geological exploration, diamond drill rod wear illustrates just such a case. Wear conditions vary with geological formations and compositions. The objective of this paper is to determine a general relationship, based in theory and practice, that will approximate drill rod wear and therefore predict remaining drill rod life in the context of Canadian, Australian and South American drilling campaigns. Simulation results allow the definition of simple graphical tools that permit the estimation of the potential drill depth remaining on a given drill rod string. IntroductionWear, in many industrial processes, is an undesired phenomenon for which enormous efforts are made to control, if not eliminate. However, wear, in many other cases, is an intrinsic phenomenon of the given process. In such cases, predicting the effect of wear can lead to improved control strategies that can possibly minimize the risk of catastrophic failure due to wear while maximizing useable life. In the field of geological exploration, diamond drill rod wear illustrates just such a case where abrasive conditions vary with geological formations and compositions.A number of studies have been published on drill rod wear especially with regards to the petroleum industry over the last thirty years (Lewis, 1968; Rollins, 1968; Smith, 1978; White 1978; Rowe and Wilson, 1981; Cheng, 1982; Eustes, 1986; Dudman et al., 1989; Besaisow et al., 1990). Of these, most studies covered management techniques (Rollins, 1968; Smith, 1978; White, 1978; Rowe and Wilson, 1981; Besaisow et al., 1990) and some described case histories (Cheng, 1982; Eustes, 1986; Dudman et al., 1989). However, little (Lewis, 1968) was presented that could aid in predicting wear in the particular case of diamond drilling in the metal mining industry.The objective of this paper is to determine a general relationship, based in theory and practice, that will approximate diamond drill rod wear and therefore predict remaining drill rod life in the context of Canadian, Australian and South American diamond drilling campaigns."

Jan 1, 2002