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"Option pricing is used in finance for valuing options to buy (or sell) shares at some future date because it provides a convenient framework for quantifying values subject to uncertainty. As one of the main sources of uncertainty in mining is the price (sales) of the metal, this approach can also be used for valuing mining projects.The first part of this paper reviews options and option pricing; the second part presents the approach developed by Brennan and Schwartz (1985) for using option pricing to value natural resources. Several applications of this methodology have been published; these are described. From a mining point of view, the assumptions made by Brennan and Schwartz are too simplistic. The weaknesses are discussed with a view to improving an apparently promising new way of assessing the value of projects. IntroductionThe collapse of the British merchant banking group, Barings, has highlighted the risks that can be incurred by speculators and arbitragers in the futures and options markets. But this negative attention on futures and options should not make us forget their positive aspects. They can provide producers and consumers of metals with more predictable sales prices. The introduction of the new traded average price options, TAPOS, by the London Metal Exchange in January 1997 is a response to this need. Equally important, the theory that the finance industry has developed for valuing options provides an interesting framework for valuing mineral projects as well. While this paper was being revised, the South African gold mining house, JCI, announced that it was using a methodology based on option pricing for valuing the mineral rights to deeplevel gold resources (see Box 1)."

Jan 1, 1997

By P. Langlois, G. Labonté, J. J. Barrett, J. Holmes

"The Voisey’s Bay mill processes a high-grade pentlandite and chalcopyrite ore in a largely pyrrhotite/troilite matrix. From 1994 to 1997, circuit development focused on making a 14% nickel concentrate. When flowsheet development resumed in 2001, the target grade was raised to 20% ni. initially triethylene tetramine and sulfite pyrrhotite depressants were used in a lime circuit, but by recycling process water and the contained thiosalts, the required nickel grade was made without depressants. construction of the mill was fast-tracked, with start-up in september 2005. ramp-up was faster than other recent nickel installations, with tonnage being limited by concentrate dewatering due to higher-thanexpected ore grades.RÉSUMÉ l’usine de traitement de Voisey’s Bay traite un minerai à teneur élevée en pentlandite et chalcopyrite dans une matrice formée surtout de pyrrhotite/troïlite. De 1994 à 1997, le développement du circuit ciblait la production d’un concentré à 14 % de nickel. lorsque le développement du schéma de traitement a été repris en 2001, la teneur cible a été élevée à 20 % de ni. initialement les déprimants triéthylènetétramine et sulfite de la pyrrhotite étaient utilisés dans un circuit à la chaux; cependant, en recyclant l’eau du procédé et les sulfosels qui y sont contenus, la teneur en nickel a été atteinte sans utilisation de déprimants. la construction de l’usine de traitement a été accélérée et elle a démarré en septembre 2005. la mise en opération a été plus rapide que pour d’autres installations récentes de nickel; le tonnage traité étant limité par le séchage du concentré en raison des teneurs de minerai plus élevées que prévu.INTRODUCTIONnickel was discovered on canada’s east coast in the vicinity of Voisey’s Bay, northern labrador, by chislett and Verbiski (Higgins, 2011) while working for Diamond Fields resources in 1993. The ovoid deposit was subsequently delineated in the winter of 1994–1995. By the end of 1995, the ovoid had been well explored, and at that time was thought to have a reserve of at least 30 million tonnes (Mt), with an average grade of 2.83% ni and 2.0% cu (naldrett, singh, Krstic, & li, 2000). Drilling to the east of the ovoid indicated the presence of significant mineralization. in June 1995, inco limited bought a 25% share in the Voisey’s Bay nickel company (VBnc), which was a subsidiary holding company set up by Diamond Fields. inco also bought 8% of Diamond Fields and negotiated the right to sell all the nickel produced from VBnc for 20 years as part of this agreement. in april 1996, inco bought Diamond Fields and acquired the remaining 75% of VBnc shares."

Jan 1, 2017

By E P. Graham

Orebodies occur in an infinite variety of grades, shapes and sizes, and take many millions of years to grow. When extraction starts there is only one possible end -the mine sooner or later will run out of ore and shut down. If the mineral industry is to supply the ever increasing demands of modern civilizations, more and more metals must be found and mined. This will require a never-ending search for ore, and the development of every economic body, large or small. To justify the mining of a small orebody, it first of all must pay its way. If the size of the burden imposed by the capital cost estimates is not carefully worked out, an otherwise promising situation could be killed. The very nature of mining, as a transient industry, re-leases a steady stream of good used equipment, and the trained personnel to install and operate it. All manner of plans and layouts, which can be utilized at a new property, are available. Working these and other economies into the estimates will sometimes make enough difference to give a prospect the green light.

Jan 1, 1964

By Peter Hayes, Evgueni Jak, Taufiq Hidayat, David Grimsey, Denis Shishin

"An integrated nickel flash smelter is operated with Peirce-Smith converters at the Kalgoorlie Nickel Smelter. To improve the partitioning of arsenic between slag waste and matte product, an option to modify the slag–matte chemistry by addition of CaO was analysed. A combination of plant sample analysis, high-temperature laboratory experiments and thermodynamic modeling was carried out to evaluate the process options. The high-temperature experiments involved the re-equilibration of industrial matte-slag samples at 1225 °C and P(SO2) = 0.12 atm, rapid quenching in water, and direct measurement of phase compositions using electron probe X-ray microanalysis (EPMA) and Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LAICPMS). A private thermodynamic database for nickel sulfide smelting and converting was used together with the FactSage thermochemical software package to assist in the analysis of the distribution of elements between slag and matte as a function of CaO addition. The thermodynamic predictions combined with experimental data obtained in this study can be used to characterise the effect of CaO fluxing on the slag–matte thermochemistry during the nickel sulfide converting.INTRODUCTION At the Kalgoorlie Nickel Smelter (KNS), nickel sulfide concentrate is processed in an Outotec-type flash furnace to produce nickel matte containing +47 wt% Ni. Separation of nickel matte and waste slag from the flash smelting is enhanced through settling in the electric arc -heated zone attached to the flash furnace. The flash furnace matte is further processed in a Peirce-Smith converter to produce Ni-rich matte containing +66 wt% Ni (Crundwell, Moats, Ramachandran, Robinson, & Davenport, 2011). Iron silicate-based slag is used in the converting process at KNS. Most of the arsenic is contained in the final matte and very little of the arsenic partitions into the slag. Previous work by Font et al (Font, Hino, & Itagaki, 2003) shows that the distribution ratio of arsenic between calcium ferrite slag and nickel-matte (LAsslag/matte) is significantly higher than that between iron silicate slag and nickel-matte, where LAsslag/matte = (wt pct As in slag)/{wt pct As in matte} (1)"

Jan 1, 2017

By Robert D. McKellar, Luke Frawley, Richard Okrasa

"The resource industries in Canada are facing increasing global competition and stringent environmental regulations. This has made it essential for companies to lower operating costs wherever possible. Electrical energy rep-resents one variable cost that may be better managed and utilized, providing the user with lower operating costs, improved productivity and better yields.The utility industry is also facing changes in the way it must do business. Utilities in North America are facing the prospect of deregulation that will eliminate the monopoly they have traditionally held. This will force them to strive for lower operating costs, to maintain a competitive position and to improve customer ser-vice so as to maintain their customer base.Ontario Hydro has been working with industry for several years. Many opportunities for cost savings have been identified involving energy efficiency, process improvements and the use of new electro technologies. One useful service that the utility can offer industry is to increase the awareness of potential opportunities suited to their operations. This paper will provide an overview of some of the projects that have been implemented and those that are presently being evaluated. An electronic data-base of electro technology applications that is under development will also be described."

Jan 1, 1996

By Robert D. McKellar, Luke Frawley, Okrasa. Richard

"The resource industries in Canada are facing increasing global competition and stringent environmental regulations. This has made it essential for companies to lower operating costs wherever possible. Electrical energy rep-resents one variable cost that may be better managed and utilized, providing the user with lower operating costs, improved productivity and better yields.The utility industry is also facing changes in the way it must do business. Utilities in North America are facing the prospect of deregulation that will eliminate the monopoly they have traditionally held. This will force them to strive for lower operating costs, to maintain a competitive position and to improve customer ser-vice so as to maintain their customer base.Ontario Hydro has been working with industry for several years. Many opportunities for cost savings have been identified involving energy efficiency, process improvements and the use of new electro technologies. One useful service that the utility can offer industry is to increase the awareness of potential opportunities suited to their operations. This paper will provide an overview of some of the projects that have been implemented and those that are presently being evaluated. An electronic data-base of electro technology applications that is under development will also be described."

Jan 1, 1996

By M. S. Badollet

"IntroductionASBESTOS FLOATS may be defined briefly as blends of air-borne particles of fibrous asbestos and dusts produced during the milling stages and collected by Cottrell precipitators, dust sheds, or bag-houses.The various grades of asbestos floats on the market contain fibrous asbestos particles ranging in length from microscopic to approximately 1/4-inch. The fines or dusts present in the floats are from 40 microns to 2 microns or less in cross-section.Airborne asbestos particles are of diverse length because they are collected at numerous places in the mill. There are: (1) dusts removed from dry rock storage bins, (2) dusts removed from rock and fiber screens, (3) particles from the tops of collectors, and (4) fines removed by suction from the processing equipment. Sometimes the airborne particles are kept segregated, so that there is a partial separation by gravity. This is accomplished by a series of dust chambers enclosed in a long, rectangular building. The longest and heaviest particles fall nearest to the air flow entrance, the smallest at a point farthest away and nearest the exit. Sometimes the air from the dust chamber building is passed through a series of bag-houses or electric :precipitators ,to collect the extremely fine particles which normally escape to the atmosphere."

Jan 1, 1952

By Norman B. Davis

THE ceramic group of industries is comprised of those engaged in the manufacture of cement, glass, artificial abrasives, whiteware, including earthenware, stoneware, porcelain tableware, porcelain sanitary ware, electrical porcelain, floor and wall tile, porcelain enamel on metals, refractories of all kinds, sewer-pipe and structural clay products, such as terra cotta, brick, and hollow tile. The various sub-divisions of the industry produce a wide range of articles on which we depend for our creature comforts from day to day, perhaps to a greater extent than we generally realize. The industry, in turn, depends on a great number of minerals, and chemical products derived from minerals, and it is the object of this brief paper to present a list of these with notes indicating the particular applications. In order to bring home the importance of the industry to your daily life, stop and consider the many things around you accepted as a matter of course. Cement provides the smooth surfaces of many of our highways, city streets, and sidewalks. It enters into nearly all types of construction, alone or in combination with other clay products. Glass we hardly appreciate because we can see through it so easily, but it is there to serve us in windows, doors, and other light-transmitting structures. Glass is the universal means of transporting liquids and beverages, our beverages are usually served in it, and, with the recent development in fine spun glass textiles, there is a possibility of glass clothing in the future. Chinaware, a general term for table dishes, may be earthenware (not vitrified), semi-porcelain, or bone china, but it is before us three or more times a day ?and we seldom think of the minerals that have made these products possible. Floor tile, wall tile, and other ceramic specialties for interior and exterior use and decoration please the eye and provide sanitary surroundings.

Jan 1, 1938

By K. A. Clark

"The repacked mineral aggregates of good grade oil sands have permeabilities ranging between 15 darcys to 350 millidarcys. The variation is due to the silt contents of the aggregates. Few good grade oil sands contain as much as 30 per cent •silt, most of them contain less than 20 per cent, and a large proportion have less than 10 per cent.The permeabilities of repacked good grade oil sands (oil included) depend on the degree of liquid saturation. When saturation with oil plus water reaches between 80-90 per cent, permeability is reduced to zero. As total saturation decreases below 80 per cent, permeability increases ranidly. Permeabilities of between one and two darcys were observed for total saturations between 60-70 per cent.The mean value for 18 measurements of the permeabilities of ""undisturbed"" core samples of good grade oil sands was 50 millidarcys. This value is •probably too high. The mean value for 20 measurements on core samples of interbedded oil sand and shale was 100 millidarcys. The mean value for 11 measurements on shale was 10 millidarcys."

Jan 1, 1960

By K. Izumi

Ultra-grain refinement and high strengthening of metals by accumulative roll bonding (ARB) was widely reported. However, applications of ARB to magnesium alloys were rather limited. In this study, Mg-9%Li-1%Y sheets were applied to ARB at room temperature. Six 0.5 mm thick sheets were stacked and reduced into 0.5 mm thick by four passes. The procedure was repeated up to three cycles, so that the equivalent strain of 6.2 was applied. The sheets show dual phase structure with a (hcp) and ß (bcc). Grains elongates to the rolling direction with increasing number of ARB cycles. After three cycles, fragmented a grains with average size of about 300 nm are uniformly distributed. After the first cycle, the ultimate tensile strength increases to 180 MPa from 133 MPa, while the elongation decreases, however, still high (26%). The tensile strength slightly decreases by the second cycle and does not change at the third cycle. Meanwhile the elongation increases by the second cycle and the sheets show 41% of the elongation after the third cycle.

Jan 1, 2006

By Gustavo Angeloci

Artisanal mining is a rudimentary activity that today attracts over 30 million people in virtually all developing countries around the world. As the price of gold has steadily increased over the past decade, 15 million people have become involved in extracting this metal in 55 countries. Individuals have switched to mining from primary industrial sectors such as agriculture to increase their income. These workers generally have little capital, low education levels, and no previous experience in mining. Together with a lack of technical support from governments, these factors lead to disorganized and informal mining activities that generate environmental and social chaos. The absence of technical knowledge and capital has caused a proliferation of Gold Ore Processing Centres (GOPCs) around the world established by local entrepreneurs, who provide a way for miners to process their ores using amalgamation for a fee that is relatively low to non-existent. Gold recovery by the independent miners rarely exceeds 30 % and gold-rich tailings are left at GOPC facilities as a form of payment. GOPCs recover around 90 % of the remaining gold using cyanidation, flotation, and amalgamation, without any compensation paid to the miners. In processing these mercury (Hg)-contaminated tailings, Hg cyanide complexes are produced that are dumped into aquatic environments, leading to rapid bioaccumulation of Hg by fish. In the town of Portovelo, Ecuador, the establishment of partnerships between GOPC entrepreneurs and artisanal miners has proven to be successful in forming legal small-mining companies to create more equity and reduce pollution. About 108 GOPCs operate in Portovelo-Zaruma, with 40 % of these still working illegally without proper regulation and permitting. Over 20 % of these GOPCs continue to use grinding, concentrating and amalgamating of the gold, with 58 % performing cyanidation of tailings and/or gravity concentrates, and 15 % combining flotation with cyanidation. About 94 % of the GOPCs concentrate the ore prior to applying amalgamation, which significantly reduces Hg emissions to the environment. Incorporating flotation has given the operators increased skills in mineral recovery, with the side benefit of producing a copper concentrate as added value. Despite these innovations, mineral recovery is still inefficient, and waste management is a major challenge in creating true sustainability in this sector (technical efficiency together with social and environmental responsibilities). Further organization, training and capacity-building are needed. The principles of Lean Manufacturing Methods ("Just in Time" production and "Automation") are suggested as possible techniques to assist small GOPCs to become sustainable. In this concept, a larger mining company can become associated with artisanal miners in a partnership to provide training and investment for exploitation of small deposits that would be infeasible as a single large operation. As well, an International Training Centre for Artisanal Miners (ITCAM) is being established in Portovelo with collaboration of the Government of Ecuador to further enhance and upgrade mining activities in this region. ITCAM will provide artisanal miners with technical, business and environmental training to become responsible small-scale miners. In building this new capacity, ITCAM intends to create an atmosphere of trust to attract private and corporate investors to become partners with artisanal miners.

Aug 1, 2013

By P. Kostuik

"Recent interest in the pipeline transport of solid mate-als has been sparked by the idea that, in an inflationary onomy, pipeline costs are more stable than the costs of any other transport systems. Pipelines have proved over 1e years to be dependable, records indicate that main-•nance and operating costs are comparatively low, and 1eir amenability to automation is of considerable im->rtance.The concept of hydraulic hoisting of solids from under-round, or cross-country hydraulic transportation of con-~ntrates and ores, is currently of prime interest to the ining industry. In general, this paper deals with a preliminary investi-ation of energy losses incurred while transporting a rela-vely heavy, crushed mine product, namely magnetite, oth vertically and horizontally. The basis and validity of everal equations derived by other experimenters to com-ute these losses is discussed. A theoretical analysis of ydraulic hoi:,,ting is made, and, based upon test results, calculation of horsepower requirements for hoisting an re under a given set of conditions is presented. Results indicate that:n vertical transport, the friction head losses are identical to those of clear water, and the total energy requirement for hydraulic hoisting then becomes a function of height of lift, concentration and specific gravity of the solids being hoisted. .-In horizontal transport, friction head losses can be calculated with reasonable accuracy using Bonning-ton's correlation curve. Losses computed utilizing Durand's correlation (K = 85) result in estimates which are too low by 10 to 30 per cent, an<l those calculated using Newitt's correlation (K = 1,100, K = 66) give friction loss values which are too high by 10 to 30 per cent . . -The theoretical horsepower (RMS-hp.) required for hoisting hydraulically is approximately half of that required for conventional double-drum skip hoisting."

Jan 1, 1966

By A. Taylor, E. Thorn Corthay, J. Farrell, L. A. Westfall, S. Borchardt

Mining and metallurgical industries need to minimize their greenhouse gas (GHG) emissions; Hatch specializes in conducting mining and metallurgical energy management assessments and optimizing productivity. Projects executed have demonstrated that there is a wealth of energy management, waste reduction, and process efficiency improvements that require no or low capital investment. Typical energy cost savings are on the order of 5% to 12%, with similar reductions in GHG emissions. Hatch generates Marginal Abatement Cost Curves to optimize the implementation pathway, maximizing carbon abatement and minimizing cost. The findings of a practical case study from Cameco are presented.

Jan 1, 2010

By G. W. Neumann, J. R. Schnarr

The lead-zinc-copper-silver ores mined by Brunswick Mining and Smelting Corporation Limited at their No. 12 underground mine and No. 6 open-pit operation, and treated by distinct concentration processes in separate plants, present difficult metallurgical problems because of the extremely fine dissemination of the valuable minerals with pyrite and pyrrhotite. The problem of concentration is further complicated, in the No. 12 ore, by the presence of a varying content of graphitic carbon. This paper describes the milling of No. 12 ore and the production of copper, lead and zinc concentrates by differential flotation.

Jan 1, 1971

A newly developed damage model was used in the study of rock fragmentation mechanisms involved in crater blasting. Simulations show that at the detonation of the explosive charge, a crushed zone around the explosive charge is formed due to compressive failure and then a strong pressure wave is sent out forming a pressurized ring that propagates at the dilatation wave velocity. As the pressurized ring leaves the crushed zone, two tensile stress components perpendicular to the radial stress are developed in response to the action of the radial pressure, causing tensile failure and forming a damage zone around the charge. The formation of this damage zone is quite independent of the depth of the explosive charge provided there is no interference by the reflection from the free face. When the pressurized ring reaches the free face, it is reflected there and causes rock failure on the ground surface that forms another damage zone. Under the simulation conditions, it is revealed that the depth of charge is a factor controlling the relationship between the two damage zones. At a depth smaller than the optimum, the two damage zones coalesce into one and there is excessive rock breakage; otherwise, the two damage zones tend to isolate from each other with the increase in the depth of charge. Calculations of fragmentation indicate that the average fragment size increases and the uniformity of fragments decreases when the depth of charge increases as observed in practical blasting.

Jan 1, 1998

By G. P. Contractor

Many factors affect the forge ability of steels. One of the major factors is chemical composition.' This article discusses the individual effects of alloying elements and the effect of the resultant modification of microstructure onforgeability. INTRODUCTION T HE use of alloy steels is expanding considerably and the fabrication procedures for such alloys are becoming more complex. An attempt is made in this article to describe the effect of alloying elements on the hot-workability of steels. Most of the data reported here are taken from the studies of Ihrig, Clark and others (Refs. 1-4). Chemical composition is not the only controlling factor. Grain size and surface condition of the material, forging temperature, and speed of deformation are also important. Certain conclusions can be drawn regarding the effect of various alloying elements on the hot-work-ability of forging stock. The results of hot-twist tests are considered useful in this connection as the number of twists to failure has been taken as the level of forgeability at a particular temperature. The peak in the "Number of Twists -Tem--

Jan 1, 1962

By N. T. Oo, L. D. Hutton

"The Banora Point Upgrade Project is a 2.5km long six-lane divided freeway in northern New South Wales, Australia. The geology at the project area comprises a volcanic succession of variably weathered basalt flows and agglomerate deposits that reach 48m in thickness and overlie Mesozoic sedimentary rocks. A site specific rock classification system was developed that characterised all the rock units based on the engineering properties governing the rock mass behaviour i.e. intact rock strength and defect characteristics (spacing, aperture, infilling, wall roughness and weathering) irrespective of the geological origin. This approach simplified the design and the on-site verification processes. Based on this classification system, rigorous quantitative statistical assessments of the available geological information including various laboratory and field testing were performed to derive the geotechnical design parameters for various rock classes. These parameters were used to complete geotechnical designs of retaining wall systems. INTRODUCTIONThe Banora Point Upgrade Project is a 2.5km long six-lane divided freeway in northern New South Wales, Australia. The key features include two interchanges, a 300m long viaduct, a large cutting through Sexton Hill with an associated 100m wide Land Bridge and retaining walls reaching 490m long and up to 22m high. This paper focuses on the derivation of representative geotechnical parameters for geotechnical design of the retaining structures supporting Sexton Hill Cutting including bored pile retaining walls and soil nail walls. The geology at the project area comprises a volcanic succession of variably weathered basalt flows and agglomerate deposits that reach 48m in thickness and overlie Mesozoic sedimentary rocks. Due to the complex geological nature of the site, an understanding of the regional and local geology, the typical behaviour of individual geological units and the implication of onsite variations from design intention are the ultimate challenges to the geotechnical engineer in order to select representative geotechnical parameters for design."

Jan 1, 2015

By J. F. J. Thomas

"AbstractBoth the quantity and quality of waters available as raw materials are important to Canadian industry and to the national economy. The huge demands of many Canadian industries is illustrated by tabulated figures, based on the 1950 Canadian production of certain products, and on United States figures for the gallons of water required to produce a unit quantity of each product. It is suggested from comparison with American survey results and figures that Canadian industrial water consumption is 1 to 11/2 billion Imperial gallons per day. Since present information on Canadian usage is meagre and it is not certain that American survey results can be directly applied to Canadian industry, this estimate must await confirmation in future studies.The hydrologic cycle and the principal factors affecting the quantity and quality of water, namely, climate and season, topography, geology, vegetation, and human activities, are discussed and the principal salts dissolved in water which affect industrial use are enumerated.The present survey studies by the Mines Branch on water quality are outlined. Besides chemical analyses of municipal water supplies within a watershed, periodic sampling and analyses of major surface waters for a one-year period is being carried out. The importance of studies on seasonal variation in quality is stressed by comparing the dissolved salts in various river waters with river flow. Figures showing such relationships in the Rideau river and Ottawa river at Ottawa, the Columbia river at Trail, B.C., and the Battle river at Unwin, Sask., are presented. Different rivers show different quality changes with changing flow, and possibly only after long-term studies can the relationships be predicted.Quality studies on water may be as important as studies on many other raw materials. The quantity of the raw material, water, is not inexhaustible nor is the quality indestructible, and more realization of its importance, followed by conservation and intelligent use, is desirable."

Jan 1, 1952

By Knut F. Garshol

Quality and durability of sprayed concrete depends on the concrete mix design, the type and use of accelerator and all the aspects of the placement onto the rock surface in the underground working. A large number of influence factors are involved and they must be managed for a successful and durable permanent sprayed concrete structure to be produced. The paper discusses some of the central issues, including how to view the long-term effects of chemical admixtures and accelerators in wetmix sprayed concrete. Permanent lining sprayed concrete for rock support is increasingly being used today and the durability can be equally achieved as for any other concrete.

May 1, 2003

By S Grönstrand, C. Perez, A. B. Yañez, F. Coddou, P. Morales, H. Elgueta

"The TankCell® 300 forced air flotation cell designed and built by Outotec, with active volume of over 300 m3, was installed at Codelco’s Chuquicamata concentrator in September 2008. After that, a program was conducted, where the new cell was tested against the plant’s existing flotation cells of type TankCell® 160, with an active volume of over 160 cubic meters.Testing program was exhaustive and detailed. Grade-recovery curves for each setup were reported, along with recoveries by particle size. Secondly, operational characteristics like air feed and froth height setpoints, and power consumption are compared side-by-side. As the third topic, gas dispersion characterization included velocity mapping, holdup, bubble size and bubble surface area flux operating range. The fourth area of interest was the retention time distribution (RTD) of the 300 and 160 m3 cells in comparison. A detailed campaign using radioactive tracer tests was conducted to clarify this.All of the investigations mentioned above are reported in separate papers for more detail. The aim of this paper is to collect the key findings, and present them in real terms, always referring to operability and metallurgy of the cells. It is destined for people designing new plants and to those improving and expanding existing ones. The most frequently heard question is: will the new large cells operate at same efficiency as the smaller ones. In short, the answer is: NO. They operate at improved efficiency!INTRODUCTIONIn the last two decades of minerals processing, there have been three dominant trends of development in the flotation technology: equipment scale-up, cell characterization and circuit modeling. Equipment scale-up has been rapid in the past two decades. In the year 1990, the largest flotation cell in use was 50 cubic meters of size. This year, 300 cubic meters is the largest installed cell. Characterization of flotation equipment and circuits is a very popular subject nowadays and has helped many operations to improve their recoveries through better control strategies, for example by using optimized air feed and level control profiles (Gorain, 2005), (Doucet, Gomez, Finch, 2006), or through better maintenance (Coleman, Urtubia, Alexander, 2006). Characterization work is closely linked to circuit modeling. The aim is to produce sufficient amount of data to allow reliable model building. These models are then used to design new circuits and to improve existing ones. So in summary, these three lines of development have slightly different aims – from capital and operational cost to performance optimization. Ultimately, they converge in the same end result – maximizing the profitability of the operation. Following chapters will summarize the extensive test work and scientific studies at Codelco Chuquicamata. The aim was to compare a TankCell® 300 cell, with nominal volume of 300 m3, against two TankCell® 160 machines, with 160 m3 volume in each. The work should yield answers to questions: does the larger cell produce similar results – is the scale-up successful?"

Jan 1, 2010