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By Scott K. Palm, Neil D. Pearson, Jr. Read

"Uncertainty is an important feature of many investments, but it is especially important for mineral properties. Mine properties often entail large investments and fixed commitments. Managers in the mining industry often view price uncertainty as undesirable, due to the possibility that the price of the mined commodity will fall to a level that prevents the firm from recovering its investment and fixed costs. This paper identifies pitfalls in conventional valuation methods and outlines a new approach to valuation based on option pricing theory and dynamic programming. In the process, it identifies generic strategies for organizing mine production in ways that allow the owner to benefit from the uncertainty in mineral prices. IntroductionRisk is pervasive in the mining industry. The operation and maintenance of a mine may involve high, and unavoidable, fixed costs. A mine owner can only begin to recover these fixed costs if the price of the mined commodity is greater than the incremental cost of production. But the prices of many minerals are extremely volatile. The price volatility of copper has been significantly higher than the price volatility of a typical stock, for example. A mine owner cannot be sure that the price of the mineral product will remain high long enough for the firm to recover its capital and fixed costs.Mine owners are able to minimize their losses during periods when the output price is below the incremental cost of production by temporarily closing operations. During these periods they incur only fixed costs. While shut-downs help minimize losses, the y do not help the firm recover its initial investment. If output prices remain low long enough, the fixed costs and original investment may never be recovered. High fixed costs, therefore, lead to substantial downside risk."

Jan 1, 1986

Safety Leadership The management and leadership of a mining operation is a challenge at all times. The pressure to make production, safety, and environmental goals is intense. At some point mining cycles will put every operator into periods of time where economic issues seem to over-ride all other concerns. This is when leadership is most needed.

May 1, 2009

By Michel Carreau

Presentation topic Introduction to Renewable Power in Remote Mining Industry Trend What are the Challenges and How to address them Acceptability (Management Buy-in) ? RP not core business to mining company Significant upfront costs Project Risks - Technological and Delivery Wind and solar power variability Operating hybrid power (Operator Buy-in) Conclusion Introduction ? RP at Remote Mining Sites Mining Project Cost Energy represents 25% of mining project CAPEX Energy represents 25% of OPEX Diesel, HFO, ? cost : 30+ cents/kWh RP - Proven technology - Excellent track record ?Wind (20 years), Solar PV (10+ years)? Hundreds of GW installed ?Reliable, High availability, very small OPEX. ?Wind/Solar cost : 15 to 22 cents/kWh (with good resource) ?Potential 10% to 20% Reduction in net cost of energy ?Price certainty for 20 to 25 years

May 1, 2013

The Environmental Excellence in Exploration (E3) project is driven by the recognition that the minerals industry can only maintain its long term viability by ensuring its continued access to lands to explore for, and develop, new mines. Widespread implementation of sound environmental management practices by the exploration community and improved education and understanding of that by stakeholders will help substantially in accomplishing this, and E3 is designed to meet these needs. Exploration crews are now viewed as ambassadors for the global mining community. Their performance in managing the environmental aspects of an exploration program can demonstrate a commitment on the part of the international mining sector to environmentally responsible exploration and mining. We have all observed that failure to behave responsibly can alienate local residents, encourage anti-mining NGOs and jeopardize development. As the saying goes, ?you don?t get a second chance to make a first impression?, and we want to make a favourable first impression. The E3 project is focused on creating an electronic manual, the e-manual, which will provide rapid access to the most up-to-date information on environmental management practices for minerals exploration globally. The e-manual will reflect current thinking and practices in environmental management. It will be richly illustrated with actual examples that reflect the realities of exploration. It will strive to identify the key environmental issues and concerns that apply to most exploration projects, and identify other sources of relevant information useful to field practice. It is our belief that E3, or something very like it, is central to ensuring that the industry survives the current challenges to its viability. E3 will be a cornerstone of the mining industry?s drive to sustainability simply stated, if we are not permitted to explore for mines, there will be none of them at some point in the relatively near future.

May 1, 2002

By Etienne Roy Grégoire

Since the early 1990s, the Canadian mining industry has been increasingly defined by the signing of Impact and Benefit Agreements (IBAs) between mining companies and Aboriginal peoples. While these agreements are intended to complement the legal system, they also serve to establish the legitimacy of mining projects and to encourage the harmonious integration of these projects into their social and environmental contexts. Beyond their practical implications, what are the effects of such agreements on the ability of Aboriginal communities to access the institutional space where the authorization of mining projects and the conditions of their implementation are decided? Can we view IBAs as a preliminary step towards the operationalization of the principle of Free, Prior and Informed Consent? This paper aims to explore the potential of IBAs as a sustainable solution to the legitimacy issues that result from the implementation of the formal regulatory framework governing mining activities in this jurisdiction. We highlight what constraints and opportunities the James Bay and Northern Quebec Agreement (JBNQA) engenders for local communities and draw attention to the ways in which the negotiation of the Raglan IBA and the environmental evaluation processes act upon each other. We find that certain structural problems - and problems of legitimacy ? related to mining in Northern Quebec cannot be solved by the sole signature of an IBA, which suggests the need for caution when considering such agreements as a panacea. The Raglan case demonstrates that IBAs, like other modes of regulation relying on the direct interface between companies and communities, would benefit from a stricter framework and more explicit ties with official regulation channels.

Aug 1, 2013

By E. Nejati, S. Khoshkooei, V. Firouzdor, M. Akbari, F. Khomamizadeh

In this study the effects of Si content on mechanical and thermal fatigue properties of Al-Si casting alloys were investigated. Repeated heating and cooling cycles were applied on the samples at 230°C to develop thermal fatigue cracks. Crack growth mechanisms and microstructural influences were investigated by optical and scanning electron microscopy. Thermal fatigue behaviors were improved successively by increasing of silicon content up to 7wt%. However, addition of more than 9wt% silicon decreased the thermal shock resistance of the alloy. Silicon contents of about 9wt% presented the best mechanical and thermal fatigue resistance in the alloy.

Jan 1, 2006

By V. V. Zubkov

The systems of geophysical monitoring have been already put into operation at coal mines and ore mines. Since at present it is rather difficult to conduct mine experiments; it is necessary to start a new step in joining of geomechanics and seismic. The linking geomechanical and geophysical monitoring at coal mines and ore mines today became possible due to progress in development of numerical methods of modeling of stress state and technology for processing of seismic information. This paper describes one potential step in linking geomechanical and seismic monitoring at coal mines and ore mines.

Aug 1, 2013

By Douglas H. Silvey

"The historical transformations in fire -resistant conveyor belt compositions in the past 20 years have been influenced by factors of material cost, changing flame and burn test requirements, material replacements, adhesion and oil resistance considerations, increased responsibility and legal liability. Specifically, this has resulted in a swing from neoprene-cotton belts to S.B.R. blends and synthetic fibre carcasses, and tighter quality control and documentation of test data.Flame dynamics are discussed and the function and performance of the multiple types of flame-resistant additives in the flame front are presented. Specific flame and burn test requirements are described. The belt manufacturers' requirements and criteria in selecting the types of flame-resistant additives are presented.The author will describe the composition of the types of flame-resistant compounds used in a practical production, the belts that are available on today's mark et and future developments in requirements that may further transform the composition of fire-resistant belts.IntroductionThe historical transformations of conveyor belt compositions in the past two decades have been based on factors common to those leading to changes in man y organic compositional products. These factors are material cost, new materials, the customer' s changing requirements, government regulation s and increased manufacturer' s liability.As a basis for understanding the product, I will provide a brief breakdown of the conveyor belt composite. Figure 1 represents a cross section of a typical belt. A skim rubber coats each fabric ply of the belt carcass and is of a different rubber composition than the outside layer of rubber which forms the cover. This outside cover layer is designed to protect the belt from environmental factors such as heat, oil and abrasion, and other factors involved in the service condition s under which the belt will operate. In the case of fire-retardant belt s, both the skim coat encapsulating the fabric plies and the outer cover must contain sufficient fire retardancy to overcome the contribution to burning of the decomosition products of the fabric."

Jan 1, 1982

By A. K. Verma

This paper provides a brief overview of evolution of deformations, stresses, and pore pressures due to different excavation stages during construction of an URL. Excavation of a rockmass develops a damage zone of finite width around the excavated zone which is associated with changes in permeability and which affects the fluid flow mechanism. In this study, a coupled hydromechanical (HM) analysis has been conducted for a water saturated porous rock mass which has been created by sequential excavation and backfill of vertical disposal pit of an URL. For this purpose, an Atomic Energy of Canada Limited?s in-floor concept for a deep geologic repository suitable for Indian conditions has been used. Changes in rock deformations, stresses, strains and mechanically induced pore pressure in an undrained condition, during excavation, as well as those caused by mechanically induced rock deformations after backfill of the disposal pit, have been modeled. A three-dimensional finite difference tool FLAC3D has been used for the analysis.

Jun 1, 2012

By Scott Beer

What New Technologies Will Drive Economic Improvements? ??Historical ?1060?s: Mainframe Technologies ?1970?s: Mini Computing ?1980?s: Workstation Computing ?1990?s: Personal Computing ?2000?s: Network Computing Internet PDAs Cellular phones ??What?s the next technology improvement? ??What?s next for Mining?

May 1, 2009

By Royston Colbourne

Objectives Of Presentation - Identify specific risks - A fresh look at risk - Provide a moment reflection on risk - Open discussion on risk A route to solution and advanced thinking.

May 1, 2010

By Technische Universität Braunschweig, K. Saksl, J. Furste, P. Eschenbacher, F. Brunke, D. Wolter, M. Kohnke, C. Siemers, J. Kiese, M. Schlemminger

"In general, titanium alloys combine outstanding mechanical properties with corrosion resistance and biocompatibility and are, therefore, used in many challenging applications. Nevertheless, for special products, well-tailored properties are required which might not be achievable by a specific design so that new or modified alloys are needed. In this overview paper, alloy development strategies performed at the Institute for Materials of the Technische Universitat Braunschweig are discussed at different examples, namely, (1) oxidation-resistant, microstructural-stabilized and cold-workable alloys for exhaust applications, (2) aluminum- and vanadium-free, medium-strength and cold-workable alloys for implants and osteosynthesis applications and (3) free-machining alloys by the addition of particles with low melting points for non-safety critical light-weight constructions to replace heavier steels, e.g. in automotive applications. A special focus is set on the alloy development techniques and the analyses carried out to achieve well-balanced properties by the optimization of the alloy compositions. INTRODUCTIONTitanium belongs to the allotropic metals and can therefore exist in two different equilibrium lattice modifications. Pure titanium crystallizes at 1668°C in a body centered cubic (bcc) structure called ?- titanium which at 882°C transforms to a hexagonal close packed structure (hcp), the a-titanium. A martensitic ?-to-a-transformation is possible at large cooling rates. This thermally induced hexagonal martensite is called the a'-phase. The transformation temperature named ?-transus-temperature (T ?) can be influenced by alloying elements (Peters & Leyens, 2002).For titanium alloy production typical alloying elements are aluminum (Al) and oxygen (O), both a-stabilizers shifting the ?-transus temperature to higher temperatures, whereas tin (Sn) and zirconium (Zr) only show a limited influence on the ?-transus temperature. The ?-stabilizing elements are subdivided into two groups: Niobium (Nb), molybdenum (Mo) and vanadium (V) stabilize the ?-phase between the melting point and room temperature and are therefore called isomorphous -stabilizers. Elements like copper (Cu), iron (Fe) or silicon (Si) also stabilize the ?-phase to lower temperatures but undergo a eutectoid reaction during cooling. ?-titanium then dissociates to a-titanium and an intermetallic compound. Consequently, these elements are called eutectoid ?-stabilizers (Boyer, Welsh & Collings, 1994)."

Jan 1, 2016

By Yi-Chun Lin

Mechanical/Electrical/Piping (MEP) systems, due to their complexity and diversity, are the most intricate part of building construction. This being the case, Combined Services Drawings (CSD) and Structure, Electric and Mechanic(SEM) drawings can ensure that all coordination issues are resolved prior to construction. Construction companies attempt to apply Building Information Modeling (BIM) to manage and integrate engineering information and solutions efficiently into the CSD and SEM processes to enhance the accuracy of design and the efficiency of review. There are several powerful commercial tools, such as Bentley Navigator, Autodesk Navisworks, and Tekla BIMsight, that can review the integrated BIM model and detect conflicts in systems, and allow planners to correct the conflict issues one at a time. However, for increasing numbers of conflicts, this may be inefficient, and requires them to be arranged in a list according to impact and seriousness before solving them. For this reason, this research implements a module for conflict impact assessment based on rule-based reasoning to classify and weigh conflict impact and seriousness, and highlight the conflicted objects in the BIM system in different colors depending on their conflict type and seriousness during the analysis. This system not only detects and lists possible conflicts and errors, but also sorts them according to the severity of impact and conflict type. Planners can effectively modify the BIM models according to these conflicts as they are listed and visualized in the BIM system. If these conflicts, such as pipeline interference and problems of insufficient space, can be avoided in the early stages of planning, it facilitates the achievement of project objectives in quality, scheduling, and cost.

Aug 1, 2013

By J. R. Morris, A. E. Ball, G. W. Kuzyk

"AECL Research has constructed an underground laboratory for the research and development required for the Canadian Nuclear Fuel Waste Management Program. The experimental program in the laboratory will contribute to the assessment of the feasibility and safety of nuclear fuel waste disposal deep in stable plutonic rock.In 1988, AECL extended the shaft of the Underground Research Laboratory (URL) from the existing 255 m depth to a depth of 443 m in cooperation with the United States Department of Energy (USDOE). The project, which involved carrying out research activities while excavation and construction work was in progress, required careful planning. To accommodate the research programs, full-face blasting with a burn cut was used to advance the shaft. Existing facilities at the URL had to be modified to accommodate an expanded underground facility at a new depth. This paper discusses the design criteria, shaft-sinking methods and approaches used to accommodate the research work during this shaft extension project.IntroductionThe Underground Research Laboratory (URL), a major geotechnical research facility, has been developed by AECL Research, 120 km northeast of Winnipeg, Manitoba. The URL is part of the Canadian Nuclear Fuel Waste Management Program (CNFWMP), which is assessing the concept of nuclear fuel waste disposal in a vault deep in stable plutonic rock of the Canadian Shield (Hancox, 1986). The URL provides a representative environment to conduct a wide variety of geotechnical research relevant to nuclear waste disposal. Extensive characterization and monitoring programs were carried out prior to construction and will continue during operation. The operating phase experiments began in 1989 and will continue until the year 2CXXl (Simmons, 1990). Figure I shows the present extent of the URL facilities and the proposed future development."

Jan 1, 1991

By F. L. Casey

"Part 1 – Published Papers Baria, G., and Boshkov, S., ""Insights into Undercuttingin Block Caving"", Proc. 5th Rock Mech. Symp.,Mines Br. - Information Canada, 41-58, 1970.Barron, K., Coates, D. F., and Gyenge, M., ""ArtificialSupport of Rock Slopes'', Mines Branch ResearchReport R228, July, 1970.Barron, K., ""Criteria for Brittle Fracture Initiation inand Ultimate Failure of Rocks and Their Applicationto Fracture Zone Prediction"", Proc. 2ndCongr. Int. Soc. Rock Mech., Belgrade, 1970, 3-37.Bauer, A., and Calder, P. N., ""Projectile Penetration inRock"", Proc. 5th Rocle Mech. Symp., Mines Br. -Information Canada, 157-170, 1970.Bauer, A. M., ""Site Development and Rehabilitation ofPits and Quarries"", Canadian Mining Journal,Vol. 91, No. 7, 77, July, 1970."

Jan 1, 1971

By Claudia Gasparrini

"Silver occurs in about 200 minerals in variable amount s. Silver ores usually have 5 or 6 and in some instances as many as 10 species of silver minerals. All these minerals may have different flotation and leaching properties and should be correctly identified for successful recoveries. Grain size and host minerals which are critical in gold recovery, are not always as important for silver minerals.IntroductionMineralogical factors affecting the metallurgy of silver are , as for other metals: (i) the silver-bearing mineral s ; (ii) their grain size, and when dealing with very fine sizes; (iii) their host minerals; and (iv) the association they form with the silver-bearing minerals. Of these, the silver-bearing minerals are more often the cause of problems during recovery as opposed to gold whose metallurgy is generally more affected by grain size and host minerals. The problems derive mainly from the complexity of the silver mineralogy: over 200 minerals exist bearing the element in major, minor and variable amounts.As a member of group I-B of the periodic table, silver forms extensive so lid solutions with the other two elements in the same group , copper and gold. It combines with sulphur, tellurium and selenium in covalent bonds and with chlorine, bromine and iodine in ionic bonds. Where the fluid composition, temperature and pressure during crystallization allow it, silver also combines with arsenic, antimony, lead, bismuth, tin, mercury, indium, thallium, and germanium in many instances as a minor element in sulphide , sulphosalt and native element minerals. Cations which silver replaces to a lesser extent than copper and gold are iron, manganese, zinc and probably nickel and cobalt."

Jan 1, 1984

By J. D. Corbett

The spatial coincidence of the seven anomalies is obvious, even though the self-potential is offset northward. Because the ratio, as an indicator of conductivity, is a relative estimate at best, concise interpretation is limited in almost every instance to the location of a conductor or conductor axis. When related to the initial phase of an exploration program, magnitudes and ratios similar to those obtained from any one of the methods described, would be sufficiently attractive to warrant further investigation. The compilation shown is an empirical comparison of actual field results and no emphasis has intentionally been placed on the relative merits of one method in respect to another. Too many additional factors, i.e., size, depth and conductivity of overburden, etc., that cannot unequivocally be answered, enter into such a comparison before a relative evaluation can be made.

Jan 1, 1961

By D. J. Houlahan

ABSTRACT Sorting has the potential to massively improve the pro?tability of mining base metal, hard-rock ores. However, several barriers to the increased application of sorting have been identi?ed, including a lack of mineral-speci?c sensors available to the industry. This paper presents the outcomes of acollaborative project to develop an induction-balance sensor speci?cally for low-grade copper and nickelores. A review of the basic principles of induction-balance sensing and of the sensor-rock interaction is presented. Early development and testing of the sensor on ores from the Thompson nickel belt in northern Manitoba is discussed. Shortcomings of the prototype identi?ed in early testing have now been over-come, leading to improvements in design and construction, as well as sensor accuracy. The improve dsensor has now been tested on additional ores from the Sudbury Basin, with good results. A discussion of potential applications is presented and recommendations for future development are made.

Jan 1, 2010

By R. del Villar, A. R. Laplante

"This article presents four grinding simulation programs, written in Applesoft BASIC. The firs t two calculate residence time distributions (RT Ds) for open and closed loops mills. The third program calculates the select ion functions from the RTD, breakage function and particle size distribution (PSD) o f the feed and discharge. Two linear regression programs are also included to calculate the breakage function. These results are used in the fourth program to simulate continuous or batch grinding kinetics.The modelling approach presented is the size discrete, time continuous matrix formulation presented by Reid (1965) from concepts originally proposed by Epstein (1948). It is at the present time the most widely accepted phenomenological model of grinding kinetics and is standard textbook material (Austin et 01., 1982; Kelly and Spottiswood, 1982, p. 152). The concepts of RTDs and tracer testing originated from chemical engineering theory and practice, and are well presented in Leven spiel (2n d Ed . 1972 , Ch. 9) .Applesoft* was chosen because it is compatible with many micro computers. It is also one of the simplest and least powerful BASIC versions. Thus it can easily be adapted to other more complex BASIC versions.Open Loop Residence Time Distributions (Program RTDOPEN)As mixing, channelling, stagnation and short-circuiting all affect slurry motion in tumbling mills, transport characteristics are very complex an d cannot be derived from fundamental principles. Fortunately , as grinding follows first order kinetics, transport characteristics for the purpose of grinding simulation ca n be represented by the RTD of the slurry phase . It is normally determined using liquid tracers, as it has been demonstrated and is commonly accepted that in industrial ball mill s, the RTD of the so lid phase is particle size independent and equal to that of the liquid phase."

Jan 1, 1985

By David deVries, James Rajith, Paul Mascrenhas, Nurzhan Dyussekenov, Lawrence Hanschar

Kansanshi Copper Smelter commenced operation in March 2015. The smelter features four Peirce- Smith Converters (PSCs) operated in a three hot, two blowing configuration. This paper describes some of the process automation and design features implemented to maximize operational and environmental performance. To ensure that the converters were easy to operate, efficient, and were protected in emergency situations such as power failures or loss of tuyere air supply a significant focus was placed on automated sequences initiated by “one button” operator commands or otherwise automatically by the Distributed Control System (DCS). Examples include: main converter roll-in and roll-out sequences; emergency roll-out in the event of power failure; and the charging sequences for reagents (silica and reverts). Other automated features configured for the PSCs were specifically aimed at maximizing converter capacity and reducing the environmental impact from fugitive emissions. These features include: “one button” in-stack charging; automated restriction of blowing rate based on the available acid plant capacity; and fully-automated control logic for the Secondary Ventilation System. In-stack charging allows anode furnace oxide slag to be poured into the PSCs while the converters are still blowing and still sending off-gas to the acid plant. PSC Secondary Ventilation control logic was configured to require minimum input from the operators while ensuring maximum utilization of the available draft from the ventilation system. Highly automated PSC controls contribute to high utilization, averaging 41.2 in-stack hours per day. INTRODUCTION Kansanshi Copper Smelter (KCS) is located near Solwezi at Kansanshi copper mine in Zambia's Northwestern province. The smelter treats concentrate produced at Kansanshi mine as well as Sentinel mine located 150 km west of Solwezi. Four Peirce-Smith Converters (PSCs) are installed at KCS. The nominal capacity of each converter is to treat 350 t of copper matte and produce up to 250 t of blister copper per batch. Normally three PSCs are hot, with two able to operate (produce off-gas), and the third converter on hot standby. The fourth converter is normally under cold repairs. The blister charge size is relatively low for the matte charged due to the unavailability of tank house or other high copper scrap.

Jan 1, 2019