Search Documents

By Robert B. Parsons

"The junior mining company's bank account is depleted, but there are high hopes for the company's property. Where to get the necessary development funds is a common problem facing many juniors.This month, Tax Notes discusses briefly the principal income tax implications of several alternative development plans that are typically available to the junior mining company and its shareholders.IntroductionAt some point in time, many junior exploration companies face a common dilemma-a promising prospect has been proven up and is read y for further development, but alas, the company is flat broke! In this situation, a number of alternatives is available to the company, including the possibility of ""going it alone"" by raising capital through a public offering, or by striking a deal with a ""major"" or some other substantial investor.This article focuses on the latter possibility, and discusses in broad term s the main income tax implications of various arrangements between a typical junior exploration company and a larger public company for the development of a particular property. It will be appreciated that a discussion of other important considerations, such as those pertaining to securities exchange regulation s and company law requirements, is beyond the scope of this article.Jointly Owned CorporationPerhaps the simplest way of dealing with the problem of financing the development of a property is to sell the property outright, pocket the proceeds, and run! Clearly, though, this alternative is unacceptable to most prospectors and developers, who are predictably reluctant to completely relinquish their equity interest in a promising property. An additional strike against such an outright sale is that the sale could trigger an income tax liability. Generally speaking, in the case of a simple sale of a mineral property, for income tax purposes the proceeds are applied to reduce the taxpayer' s unclaimed balance of Canadian development expense (""CDE""), with any unapplied excess being brought into income and taxed at ordinary corporate tax rates."

Jan 1, 1983

By J. F. Fiset, N. Bouzoubaâ, N. Reynier, C. Laviolette, Canadian Nuclear Laboratories

Canadian Nuclear Laboratories (CNL) is developing a disposal strategy for radioactive wastes, which contain significant amounts of uranium, cesium, and mercury. There are safety and economic incentives for the extraction of these elements before permanent storage in deep underground repositories. In addition, the actinide elements are also an important component in rare earth element (REE) ores and considered as impurities. Actinides separation from REE tailings is a significant concern in order to manage radioactive nuclides. Reprocessing mine wastes may present significant financial and environmental benefits. Experiments were carried out with radioactive cemented wastes (RCW) prepared at CanmetMINING. For all of the tested RCW batches, solubilisation yields are above 97% for Cs and 98% for U and Hg. Sulphuric acid leaching with potassium iodide improved the solubilisation of Hg by oxidation and formation of the tetraiodide complex (e.g. HgI4 2-, Kf = 2.1030). Cs and Hg were removed selectively by using potassium cobalt hexacyanoferrate (KCFC) and Lewatit TP214 ion-exchange resin respectively. U recovery using the chelating resin Lewatit TP260 was the most efficient. The presence of high iodine concentration improved the U uptake by the resin. The best U elution was obtained using 1 M Na2CO3, which resulted in 99% U recovery. U was then precipitated as sodium diuranate. A counter current effluent recirculation was performed successfully on RCW. The process was also applied to submerged tailings collected from two U mines and an REE ore. This paper presents an innovative process, using sulphuric acid and potassium iodide, for U, Cs, a

Jan 1, 2016

By T. Grammatikopoulos, A. Jordens, C. Gunning

"Exploration activity for rare earth element (REE) deposits (i.e., alkaline complexes, carbonatites) has increased significantly in the last decade. A number of deposits have been evaluated around the globe. However, new mines have not been commenced in the last few years with the exception of Mount Weld (Lynas) and Mountain Pass (Molycorp).Resource estimation of REE can follow similar guidelines to other metal projects. However, the inherent mineralogical characteristics of the REE deposits, despite their complex nature, have been generally overlooked by many exploration companies. These include variability of the ore, liberation and association of the REE minerals, and grain size, all of which can affect the processing of the ore. Each deposit appears to be different in terms of matrix and REM (rare earth minerals). Light REE bearing minerals such as allanite, monazite, bastnaesite, synchysite, and HREE bearing minerals such as fergusonite and xenotime can vary widely in composition, grain size and association (e.g., carbonates or hard silicates). On the other hand, although not really REM, zircon, Zr-silicates, titanite, fluorite, apatite, and in some cases many other common silicate minerals can carry trace to significant concentrations of REE.The evaluation of REE deposits should include an appropriate mineralogical characterization in order to quantify the REM, distribution, liberation and association by quantitative mineralogical techniques (i.e., QEMSCAN, MLA, TIMA and others); chemistry of the REM by electron probe micro analysis (EPMA), Laser Ablation ICP-MS or ToF SIMS.These techniques provide valuable data for geological purposes such as: defining quantitatively, the variability and distribution of the REM; differentiating between LREE and HREE zones to delineate ore; and metallurgical purposes to predict minerals/REE behaviour during processing. The lack of a comprehensive mineralogical characterization often leads to the wrong processing path and ultimately affects the elemental/mineral recovery."

Jan 1, 2016

By Russell A. Luke

"Modular Mining's computerized LHD position monitoring and dispatching system commenced operation at the De Beers Finsch Mine in mid- J99J. A sophisticated blend of proven and new technologies links the dispatcher at the workstation console on the surface with the LHD operators several hundred metres below. The dispatcher allocates each LHD to a priority tip and loading drive based on instructions provided by the miners and shift bosses underground. LHD operators receive tip and loading drive allocations on the vehicle computer console which communicates data via a Leaky Feeder radio network. The operators interact with the console to notify the dispatcher of delays, breakdowns, and changes in tip and tunnel status. The underground terminal displays allow shift bosses to monitor the progress of the LHDs as they pass infrared beacons (IRs) located in the tips loading drives and rim tunnel main haulage ways. The terminals also provide on-line statistics for the current and previous shifts. Future enhancements include optimized dispatching and interfacing to a PLC system controlling ventilation. Further, token ring-based loop UHF radios are being investigated as an alternative to the Leaky Feeder data radio network. IntroductionFinsch first contacted Modular about an LHD monitoring and dispatching system in late 1988. At that time, Modular declined a request for a formal quotation but agreed to perform an engineering feasibility study. The study was issued in mid-1989 and confirmed Finsch's belief that an underground system could be developed with technology available at that time. A contract for the system was signed the following year and, in May of 1991, the system began operation. By the end of 1991, LHDs on both production levels of the mine were under the control of the system."

Jan 1, 1993

By Y. Mercadier, M. Ait-Ali, M. Dostie

"This paper presents the results of an analytical study to assist in the design of blast furnace tuyeres, including a prediction of the heat transfer process.IntroductionA blast furnace tuyere must be made of a material which must con serve its geometric and structural integrity in the environment of the fire-ball of the furnace. It must be cooled by a fluid forced through its internal cavities in such way as to keep its maximum temperature below the allowable limit. The prediction of the convective heat transfer coefficient inside the tuyere is of great importance in the design of new tuyeres with increased service life. We have developed a computer program which can predict the convective heat transfer coefficient for two-phase flow. This paper shows how the program work s and how it can be used for the numerical simulation of tuyeres.To simulate the h eat transfer conditions in water-cooled tuyeres, one has to predict:a) The heat flux (radiation and convection) generated by the combustion gases. This was evaluated using the single-zone gas-furnace model. This model yields results which are of the right order of magnitude. A more fundamental study of radiation heat transfer based on combustion and gas concentration s will be reported in a future publication.b) The local convective heat transfer coefficient at all points with in the tuyere.Prediction of the Convective Heat Transfer CoefficientTo calculate the convective heat transfer coefficient for refrigerant stream, semi-empirical correlations developed by the nuclear industry were adopted. These correlations permit us to analyze the entire range of the convective boiling range, as shown in Table 1. Our first attempt, with a single-phase flow correlation, has shown the need to take nucleate boiling into account."

Jan 1, 1982

By Sadough vanini Ali

The silicon anisotropic wet chemical etching technique is widely employed for fabricating various microelectromechanical system (MEMS) structures for advantages such as simple etching equipment and its capability to fabricate special microstructures. In this paper, we consider a complete theoretical derivation of the analytical solution based on geometrical and kinetic aspects of step flow on any surface and with a mathematical method we derive new equation for calculating the microscopic etch rates of surface atoms for a new range of concentrations and temperatures. Furthermore, a novel equation is presented for the calculation of the microscopic activation energies for some typical surface atoms and a new comparison of activation energies between some atoms is made that divides atoms into three categories. The results demonstrate agreement with the experimental results.

Oct 1, 2011

By Jose A. Caceres

Mine planning and mineral processing optimization are usually treated as two unconnected problems, especially at open pit and panel caving mines where the cut-off grade is practically the only variable optimized and analyzed for in the planning proposes. Using existing planning tool, the output is a reserve consumption strategy privileging higher grades. With the earlier consumption of the highest grades, every year produces revenues which are closer to the cost and potentially even below cost. However, there are other ore characteristics that can also affect the profitability of the operation. A new methodology has been developed, incorporating the grinding and flotation relationship into the mining economic models for the simultaneous analysis and optimization of the throughput-work index-recovery relationship through changes in the mining limits, sequence and redefinition of the reserve consumption strategy. A mine-site that implements this new planning strategy, can expect to increase the NPV from 5 to 15% depending on the actual operational settings. Two case studies have been developed, showing how the inclusion of the work index in the economic model changes the phase and mining sequence in an open pit mine and the caving sequence and the optimum column height in a panel caving mine.

May 1, 2004

By G. M. Humphrey

It is a great honour and privilege to be here in this distinguished company of the outstanding men in the mining industry and the political life of Canada. I fully recognize that I am so honoured as a symbol of the combination of American and Canadian leaders in industry who are partners in the sponsor-ship of the Quebec-Labrador iron-ore mining development which we are undertaking, and as such I want to express our great appreciation of the co-operation and assistance we have met on every hand in Canada, and the genuine friendliness and never-failing courtesy which we are always accorded. We are quite aware that it springs primarily from the very high regard in which our partner and sponsor, Jules Timmins, and our other Canadian associates are held. Their high standing among you is well known and we quite naturally fall heir to the benefits of the great esteem in which you hold them. Jules Timmins and his long-time associate, John Knox, were the original inspiration for our participation in this venture. It was their enthusiasm and vision which caught our interest and led to our joining with them in the years of exploration and search which have brought us to the threshold of this great development where we stand today. So much has been written of the details of our exploration and plans for future development that it would bore you for me to review them further here, but there is a phase of this development, and an extremely important phase of it, which I think has passed almost unnoticed and which it may be well worth while for me to bring to your attention this evening.

Jan 1, 1951

By M. Beech-Jones

The increased emphasis on the efficient utilization of capital and mineral resources has led to several new advances in the science of mineral separation. One example of a recent development is the application of high-capacity high-intensity wet magnetic separators to fine hematit e recovery by a leading Canadian iron ore producer. The iron ore recovery feasibilit , flow-sheet development, circuit operation and metallurgical performance are reviewed.

Jan 1, 1979

By P. A. Christopher, R. H. Pinsent

"The Adanac molybdenum porphyry deposit near Atlin, in northwestern British Columbia, was discovered in 1905. It was explored extensively between 1967 and 1980.The deposit is within a complex, multi-phase, quartz monzonite stock that is a satellite of the post-accretionary, Surprise Lake Batholith. Biotite K-Ar dates range from 703 ± 2.4 Ma to 71.6 ± 2.1 Ma, indicating a Late Cretaceous age of emplacement.The deposit comprises an irregular-shaped ring or halo peripheral to a quartz monzonite porphyry dome, or ""cupola': The shape of the ring, and of a smal~ fine-grained quartz monzonite intrusion, and the presence of higher-grade mineralimtion on the eastern flank of the cupola, suggest partial control by a preminera/ structure. The deposit is truncated by a steep, northwesterly dipping, normal fault (Adera Fault) that down-dropped the northern half of the deposit by a minimum of 100 mThe deposit lacks strong zonal alteration but there are narrow envelopes of potassic alteration around some veins and local zones of intense wall-rock silicification. There is considerable retrograde alteration along postminera/ faults and fractures.Molybdenite occurs in veins and fractures, many of which are relatively flat-lying. They occur in all phases of quartz monzonite. Molybdenum is the only element of economic significance. There are vein and skarn occurrences with tungsten, tin, lead, zinc and precious metals peripheral to the deposit.In 1981, Placer Development Limited reported an ""undiluted mineable mineral reserve"" of 151 971 000 tonnes grading 0.063% Mo at a cutoff grade of 0.04% Mo and a strip ratio of 1.5:1."

Jan 1, 1995

By H. Sakurai, M. Kato, F. Tanaka

The Mitsubishi Continuous Copper Smelting/Converting Process employs an electric furnace (CL- furnace) for settling the slag/matte mixture formed in the smelting furnace. The conditions in the CL- furnace change its settling efficiency, resulting in high variability of copper losses in slag. Modifications of the operation and maintenance procedures for the CL-furnace have significantly and sustainably reduced the copper losses in Gresik smelter to below 0.7%. A series of flow patterns evaluation in the CL-furnace demonstrated how the chemical reactions and settling conditions of the CL-furnace has been improved by the new operating procedures. Settling mechanisms for the matte droplets in the CL-furnace is also discussed using image analysis of solidified slag. INTRODUCTION The Mitsubishi Continuous Copper Smelting/Converting Process employs an electric furnace (CL- furnace) for settling the slag/matte mixture formed in the smelting furnace. Since the top-blowing in the S- furnace agitates the molten bath strongly, matte droplets are dispersed over the slag phase when melts flow out of the S-furnace. Thus, the CL-furnace has an important role to settle and recover matte droplets efficiently. Since many papers have ascribed major part of copper losses to matte droplets suspended in slag (Tanaka 2007; Genevski et al., 2008; Starodub et al., 2016), flow patterns of slag in the CL-furnace can affect greatly on the profitability of smelters which have adopted the Mitsubishi process. PROCESS DESCRIPTION Figure 1 illustrates the Mitsubishi process schematically. The Mitsubishi process is the only system for continuous production of blister copper from copper concentrates and consists of 3 furnaces connected by enclosed launders those ensure the minimum emission of fugitives. In a smelting furnace (S-furnace) copper concentrates are fed with flux, oxygen-enriched air to form a mixture of slag and matte which cascades down to a slag-cleaning furnace (CL-furnace). The CL-furnace settle matte droplets in the mixture on the crucible from which matte is siphoned to a converting furnace (C-furnace), while discharging the cleaned slag (CL-slag). The C-furnace converts matte to blister copper by the top-blowing of oxygen- enriched air.

Jan 1, 2019

By Eric D. Monrad

Supply chain simulation modeling is taking on a more prominent role in mining project planning and decision making. Transportation costs for the supply chain can form a significant component of the overall cost to provide product to the end customer. In recent years, computing power has increased, simulation software has advanced, and simulation specialists have become even better equipped to provide sophisticated analysis and recommendations. This has led to a virtuous cycle of owners expecting and supporting data-driven analytics, which drives further advancement. This paper discusses developments in supply chain planning and two case studies from recent simulation modeling analyses.

May 1, 2013

By G. Minhas, M. Pule, Y. Laffitte, M. c. McGurn, T. Tzanetakis, Peacey. J., R. Susilo

Titanium (Ti) metal production from titanium tetrachloride (TiCl4) using magnesium (Mg) as a reducing agent is the well-known Kroll process. A chloride route is used to avoid oxidation of the titanium sponge. The sponge is consolidated into ingots and can then be made into powder by melting and atomizing or by hydriding/dehydriding. Attempts at direct powder production have met with difficulties, including low Ti yield and the formation of very fine particles (particles between 25-100 µm are desired). This paper discusses two methods to produce Ti powder in a molten salt medium using magnesium powder as a starting material instead of a pool of molten magnesium. The first method is a direct reduction of gaseous TiCl4 injected in the melt with the magnesium powder in suspension in the molten salt. The second method is a two stage TiCl4 reduction reaction where recycled Ti was used to form titanium dichloride (TiCl2) in the first stage followed by addition of magnesium powder into molten salt in the second stage. A correlation between Ti yield and processing variables such as TiCl4 to Mg ratio, Mg particle size, TiCl2 concentration in the melt, and reaction temperature was studied. The Ti powder formed was also analyzed for particle size distribution. Despite challenges and difficulties encountered, this paper shows some promising results which could provide guidance to others working on direct Ti powder production.

Jan 1, 2015

By V. Fiedler, H. Lachmund, R. Bruckhaus

"After producing some 50 million tonnes of crude steel the two BOF vessels at Dillinger Hüitte steel plant had to be replaced in 2000/01 due to large deformations. The new vessel design was optimised after a number of theoretical evaluations.Refractory investigations were carried out as well as temperature measurements of the shell to provide a basis for selecting a suitable steel grade. This was found in a DH-GTS development - P420M HT - with high strength at elevated temperatures and excellent weldability and made it also possible to build the vessel without any cooling system.After putting the first vessel into operation the metallurgical results showed no remarkable improvement compared to the old vessel, and were therefore not satisfying. With the help of cold model investigations the arrangement of the tuyeres was modified to improve the flow conditions and the interactions between oxygen jet and the heterogeneous plume of the bottom stirring gas. Further optimisations were obtained by a variation of lance tips and a newly developed lime addition model."

Jan 1, 2004

By Jose A. Jimenez

"Mining operations generate an enormous amount of data that is difficult to organize, analyze and act on. These data require an extremely broad range of experts to investigate and manage the cross-disciplinary information. The data collects in paper files, diverse databases, historians, stand-alone applications, and excel files. This collection of sources represents everything from monthly, weekly, or daily inputs to real-time feeds or sporadic unscheduled entries. With the operational complexities ever increasing and fewer engineers per mine, an efficient operation is becoming more and more challenging. Engineers are typically burdened with data collection, clean up, and administrative efforts leaving very limited time for engineering assessment and/or optimization analysis. Often optimization becomes limited to the analysis of equipment uptime through existing field automation systems. A great portion of the field data is tucked away in historians seldom reaching those engineers who might leverage the data. Few mine operators have the time or budget to re-architect their operations data collection or management practice, so solutions must enable improvements without requiring expensive or time-consuming implementation. This presentation highlights examples where the aforementioned challenges are addressed using a solution framework designed to enable: 1) data integration and connectivity, 2) monitoring and opportunity recognition, and 3) engineering workflow automation. The initiative extends the concepts and success proven in the automation market segment to all disciplines across the mine operations. INTRODUCTIONThe mining industry by its very nature spends a great deal of its capital on equipment maintenance and replacement. In addition, periodic shutdowns due to equipment failure are typically very costly in terms of interrupted operations. Keeping mining equipment running at peak performance and avoiding costly shutdowns can make a huge difference in the overall return from mining operations. Today, information can be make available that can go a long way towards spotting equipment issues and permitting timely intervention to avoid costly unplanned shutdowns. That said, gathering all of the information from numerous points on many different pieces of equipment necessary to enhance overall equipment effectiveness presents its own daunting issues."

Jan 1, 2016

By J. W. Stickney

"On July 1, 1977 Hudson Bay Mining and Smelting Company Limited announced the commencement of construction of a 3800 ton per day concentrator at Snow Lake, Manitoba. Snow Lake, a community of 2200 people, is located 130 road miles from the main metallurgical plants at Flin Flon.The design, detailed engineering and equipment selection for the project was awarded to Wright Engineers Limited of Vancouver, B.C., who would be working in close liason with Hudson Bay Mining personnel throughout the project.The feasibility of constructing a metallurgical plant in the Snow Lake area, in addition to the concentrator at Flin Flon, had been under study since 1964 with plants of varying capacities and designs being considered. Each successive study recommended a plant of increased capacity and sophistication and finally upon an in-depth study in 1976 of ore reserves, freight rates and operational benefits, the construction of a 3800 ton per day copper-lead-zinc concentrator appeared highly benificial."

Jan 1, 1981

By K. M. Ed

MR. J. C. NICHOLSON: The author has discussed his subject in a very thorough manner. One difficulty is the tendency to regard a 'permitted' explosive as a 'safe' explosive. There is no such article as a safe explosive; any explosive is only as safe as the man who handles it. In making up the primer, the method illustrated in the paper is alright for the ordinary explosive but not so for the sheathed explosive, for the sheathing would be punctured. MR. T. L. McCALL: I fee! quite certain that there would be little, if any, trouble from flame shots or misfires if the author's suggestions were carried out. There is a tendency on the part of the shot-firer to over-shoot, so as to bring clown more coal for the miner, and frequently a shot has not sufficient burden imposed upon it. Shooting one hole may not only lessen the burden on an adjacent hole, but may practically release it altogether, in which case the second hole should be fired with a very small charge, or perhaps it might not be necessary to shoot it at all. While the paper refers to shooting in the coal only, it should be under-stood that the instructions given are equally applicable to brushing shots. I do not wish to bring up any contentious point, but would the author say a word on cushioning with air gaps and on multiple shooting? Single shooting in rock might open up a feeder of gas which could be ignited by the ?second shot.

Jan 1, 1940

By Minoru Fujita, Ian M. Johnson

"A helicopter-borne geophysical survey was flown in 1978 over selected areas on Kyushu Island, Japan. The principal sensors were a moving source electro-magnetic system and a magnetometer. Maps of apparent resistivity were generated from the EM data. Based on the resistivity signature of known deposits within the survey areas, targets were selected for ground follow-up. Drilling of one such target in late 1980 resulted in the discovery of a gold deposit from which full production will begin in the summer of 1985. The deposit contains a minimum 120 tonnes (3.86 million ounces) of recoverable gold and is the largest in Japanese history. The deposit is in a geological setting previously unsuspected of hosting precious metal deposits. The case history suggests a preferred exploration strategy which might be employed in other similar geological environments.IntroductionThe Hishikari area is located some forty-five kilometres north of Kagoshima city, Kagoshima Prefecture, Kyushu Island, Japan (Fig. I). The area and its environs is one with a number of gold deposits which have been worked with varying results since the late 1800s. The large st deposit in terms of recovered gold is the Ohkuchi (or Oguchi) Mine (Fig . 2) which was recently closed due to exhaustion of reserves. The Ohkuchi Mine started production in 1896. A total of 22.2 tonnes (714 ,000 ounces) of gold, with an average ore grade of 13.6 grams/tonne (0.39 ounces/ton), was extracted over the Life of the mine.In an attempt to discover new deposits , the Metal Mining Agency of Japan (MMAJ) carried out a regional geologic mapping program of the area between 1975 and 1977. This was followed by a helicopter-borne electromagnetic and magnetic survey. The airborne survey was flown by Scintrex and the compiled results presented to MMAJ in early 1979."

Jan 1, 1985

By Y. Buro

The Bachelor Lake gold deposit occupies an ESE-trending, SW-dipping, silicified shear zone with hematitic alteration. It transects NE-trending, steeply dipping Archean volcanic formations and the O'Brien granite. Major W-SW and N- NE-trending faults have affected the ore zone and the emplacement of the granite intrusions. Movements along the WSW set may have opened the fractures filled by the mineralization. Gold is generally associated with pyrite. Its source, whether a granitic pluton or a volcanic sequence, is undetermined, but the granite probably provided the concentrating mechanisms through heat and hydrothermal solutions.

Jan 1, 1984

By M. Wu, G. Plascencia, A. E. M. Warner, A. Vahed, T. A. Utigard

Nickel oxide granules formed by pyrohydrolysis of a chloride solution, were reduced in hydrogen. Below 400 °C, an incubation period was observed, followed by very slow reduction. In the temperature range from 400 to 600 °C, the rate of reduction increased with increasing temperature and increasing hydrogen pressure. Microscopic analysis showed that in this temperature range the reaction followed the shrinking core model. Above 600 °C, the reduction rate decreased noticeably before suddenly becoming very fast at and above 950 °C. Microscopy showed inner bands of metallization inside the outer metallic rim, indicating partial blockage of the interface between the reacted and un-reacted NiO core. At these temperatures, particle agglomeration and sintering were also found to take place. Surface segregation of sulphur may account for the slow down in reduction rate above 600 °C. From an industrial point of view, reduction should be carried out from 550 to 600 °C with as high a concentration of hydrogen as possible. If sintering and agglomeration are not of any concerns, reduction can be carried extremely fast at about 1000 °C.

Jan 1, 2005