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By M. B. Kime

"A set of experimental batch leaching tests studied the effect of pH, time, temperature, and stirring speed on the relative Cu, Co, Ni, and Fe leaching yields of an oxidized copper-cobalt ore sample in an aqueous hydrochloric acid solution. The results were statistically analyzed and modelled using the structural equation modelling method. Models showed that Cu, Co, and Ni leaching yields were strong functions of the leaching time and leaching temperature, whereas the Fe leaching yield depended on the leaching temperature, stirring speed, and pH. Under optimum leaching conditions yields were 99.8% Cu, 82.4% Co, 91.3% Ni, and 30.6% Fe.RÉSUMÉ Une série d’essais expérimentaux de lixiviation en bâchée ont été menés pour étudier l’effet du pH, de la durée d’attaque, de la température et de la vitesse de brassage sur les rendements relatifs de lixiviation du cuivre (Cu), du cobalt (Co), du nickel (Ni) et du fer (Fe) d’un échantillon de minerai de cuivre-cobalt oxydé dans une solution aqueuse d’acide chlorhydrique. Les résultats ont été analysés et modélisés statistiquement à l’aide de la méthode de modélisation par équation structurelle (SEM, de l’anglais structural equation modelling). Les modèles ont montré que les rendements de lixiviation du Cu, du Co et du Ni dépendaient énormément de la durée d’attaque et de la température de la lixiviation ; le rendement de lixiviation du Fe, quant à lui, dépendait de la température de la lixiviation, de la vitesse de brassage et du pH. Dans des conditions optimales de lixiviation, les rendements étaient de 99,8 % pour le Cu, de 82,4 % pour le Co, de 91,3 % pour le Ni et de 30,6 % pour le Fe. INTRODUCTIONThe Katanga province in the Democratic Republic of Congo hosts the northwestern part of the Central African Copperbelt. This region abounds with large, rich deposits of sulfide and oxidized copper-cobalt ores. In general, the main valuable minerals present are malachite (CuCO3Cu(OH)2) and heterogenite (CoO(OH)). Common impurities found in heterogenite are Cu, Ni, Si, Al, Mn, and Fe. The substitution of Co by other cations (e.g., Cu, Ni, and Fe) has an influence on the crystallinity of heterogenite (Deliens, 1974). In general, well-crystallized varieties of heterogenite have lower impurity contents, whereas amorphous heterogenite types usually contain more impurities (Thys et al., 2009). Further, in heterogenite, Co can occur in the 2+ and 3+ oxidation states. The gangue generally consists of quartz (SiO2), talc (Mg3Si4O10(OH)2), kaolinite (SiO2·Al2O3·2H2O), limonite (Fe2O3·3H2O), and goethite (FeO(OH)). Oxidized copper-cobalt ores are often treated by hydrometallurgical methods, whereas sulfide ores are often treated by flotation or pyrometallurgy, depending on their grades. Hydrometallurgical methods typically entail selectively dissolving the metals of interest (Cu, Co, and Ni) in aqueous solutions (leaching), transferring the dissolved metals to an organic solution, and retransferring these to a second aqueous solution (solvent extraction). Copper and nickel are readily dissolved in an acidic aqueous media. In contrast, cobalt is difficult to dissolve, especially if it is present in the third oxidation state; however, this species becomes soluble after it is reduced to Co2+ (Mwema, Mpoyo, & Kafumbila, 2002; Kime & Makgoale, 2016)."

Jan 1, 2017

By R. Hans

Removal of toxic anions from aqueous solution was studied using a Magnetic Ion Exchange (MIEX) resin which is a polyacrylic, strong base resin. Gravity based settling is made more efficient due to the magnetic nature of the resin which is advantageous over conventional ion exchange resins. In addition, the magnetic microspheres of MIEX have larger surface area in comparison to conventional ion exchange resins. Over the years MIEX has been successfully used and has gained significant popularity for efficiently removing dissolved organic matter from wastewater and groundwater. In the present study the efficiency of the MIEX resin was tested for the removal of chromium(VI), molybdenium(VI), vanadium(V) and arsenic(V) anions. Effects of pH (2-10) and temperature (25oC-55oC) were examined. In general, low solution pH values were favorable for anion uptake by MIEX. Except for chromium(VI), the metal ion uptake was significantly increased by the increase in solution temperature. The adsorption data were analysed on the basis of chemical speciation and heterogeneous kinetic models.

Jan 1, 2014

By Lucien Piché

"IN any opportunity such as I am now given, I suppose that one should not fail to say that what the world has to offer to this year's graduates in science and in engineering is the greatest promise ever held out. High-ranking new scientists and engineers -particularly those with the Ph.D. degree -find themselves in an apparently delightful situation; the glow of attention that surrounds them and the dazzling starting salaries that are offered to them may indeed be turning their heads a bit and the attitudes of some of them are sometimes expressed with a smugness that can find its equivalent only in freshmen. On the average, however, the new graduates are, without any doubt, the best trained ever, or at least they have been the most expensive to train in the universities.There appear to be exciting opportunities for competent, well-trained and educated scientists and engineers far beyond the numbers that can be annually produced, and the demands for excellence in depth as well as in breadth of training probably will continue to increase for many years to come. The problem is visible all around us in Canada that there is much more money to buy brains than there are brains to be bought."

Jan 1, 1966

Infrared spectroscopic data collected using HyloggerTM technology is being used to assess the mineral composition of Archean iron ore bedrock and Cenozoic detrital units in Western Australia’s Pilbara region. Analysis of infrared spectra enables quantification of: (1) composite iron mineralogy, (2) composite clay mineralogy, (3) hydrous silicates and (4) carbonate mineral abundances. Stratigraphic and rock mass unit logging of core has identified several detrital and bedrock units recognisable across the Pilbara. However, due to alteration related to mineralisation, weathering and later stage precipitate overprinting, it can often be difficult to assess the detrital-bedrock boundary and the occurrences of specific geotechnical units in the detritals and bedrock, particularly when using non-core drilling techniques and traditional geochemical assays. Infrared spectroscopic data collected concurrently on core from several sites has shown distinct correlation against existing unit subdivisions and associated geochemical parameters. Where infrared spectroscopic data have also been collected on rock chips recovered from reverse circulation infill drilling, these correlations allow robust geological and geotechnical models to be developed based on the typical mineralogical-geochemical signatures. The geotechnical sub-units identified in core can be readily distinguished using the various iron and clay minerals captured by the HyloggerTM technology as opposed to total iron, potassium, and alumina captured by geochemical assays. Further, some of the minerals targeted by infrared spectroscopic analysis (eg gibbsite, white mica, vitreous goethite) and their ubiquitous presence as the products of weathering, assist in recognition of various ancient weathering surfaces and help to define the origin of the material, whether bedrock or detrital. Overall, HyLogging of core and chips allows important mineralogy focussed data to be captured at minimal additional financial outlay. Correlations against geochemical unit identifiers are robust both within deposits and between deposits. Significant improvements in the confidence of geological and geotechnical models are attained.

Jan 1, 2015

By J. Shahabpour

"Many porphyry copper deposits of the Kerman copper province in central Iran are associated with a consistent structurally con-trolled main drainage pattern, which is shown in this paper to be a useful regional prospecting tool in the search for new deposits. The main drainage trends also generally allow the distiction of high-grade (>0.2% Cu) from low-grade (<0.2% Cu) deposits. Topographic maps1:50 000 or geologic maps 1:100 000 have been found suitable for identification of promising drainages.IntroductionTrends of the main drainage systems transecting the high-grade porphyry copper deposits of the Kerman Region in Iran coincide with Quaternary age regional faults and fractures. Observation of such drainage trends can expedite regional evaluation prior to field examination. Thirty deposits located in the Kerman Region (Fig. 1) have been studied to identify common features that can be used for exploration purposes, especially for the first stage of regional exploration. A variety of field criteria are available for subsequent rapid field checking prior to trenching and more costly methods such as drilling, etc.Characteristic geomorphic features have been considered as aids in mineral exploration by many authors (e.g., Faniran, 1971; Piotrovski and Lubkashov, 1976; Verstappen, 1983). Clark et al. (1967) indicated the relationship between geomorphology and the supergene enrichment of copper in Atacama Desert, Chile, and correlated three periods of supergene enrichment with three periods of pediment disection. Seeland (1978) used fluvial drainage patterns for uranium and hydrocarbon exploration in the Wind River basin, Wyoming. Postolenko and Konopleva (1973) used the reconstruction of ancient valley systems for exploration of gold placers"

Jan 1, 1996

By Bahjat Khoshaba, Bern Klein, Haixing Yan, Libin Tong, Andrew Bamber

"When a conductive or magnetic particle was put into an electromagnetic field introduced by an electromagnetic sensor, the particle can influence the electromagnetic field which can be used to characterize this particle. The electromagnetic technology based on eddy current theory was explored to investigate its potential in both the separation of minerals and the pre-concentration of a base metal ore. Samples tested in the study included the minerals obtained from Ward’s Science and the low grade copper ore particles obtained from Mount Polley Mine. The effects of mineral type, sensor frequency, particle size, particle position on the sensor surface, and particle lift-off on the magnitude and phase of the electromagnetic spectra were investigated. The electromagnetic spectra of various minerals show that it is possible to separate chalcopyrite or magnetite from tested minerals, simply based on the magnitude of the spectra. The spectra of the ore particles were determined by the mineral in the particles with the strongest signal. The effect of the pre-concentration of the low grade copper ore is determined by the association of chalcopyrite with magnetite. Direct sorting is the mechanism in the separation of mineral particles, while indirect sorting is the mechanism for low grade ores.INTRODUCTIONSensor-based sorting technologies include radiometric, X-ray transmission, X-ray fluorescence, near infrared, photometric, inductive, microwave heating and so on. Sorting not only discards barren rocks away from the concentrator but also recovers metal bearing that would be lose to the waste dump. The benefits of pre-concentration using sensor-based sorting are achieved on reduced energy consumption for comminution and reduced water usage on a volume per weight of metal basis (Bamber, 2008; Gunson, Klein, Veiga, & Dunbar, 2012; Kleine & Wotruba, 2010; Knapp, Neubert, Schropp, & Wotruba, 2014; Kobzev, 2014; Lessard, de Bakker, & McHugh, 2014; Mazhary & Klein, 2015; Robben, Wotruba, Robben, von Ketelhodt, & Kowalzcyk, 2013). Amongst others, high frequency electromagnetic sensors were developed for ore sorting at MineSense Technologies Ltd. and are subject of this paper. Improving the understanding of ore heterogeneity is the basis for developing a successful semi-bulk or bulk sorting systems by incorporating the sensors in the material handling equipment (MineSense Technologies Ltd., 2016). The present study focuses on the bulk sorting potential and bulk sorting mechanisms of the electromagnetic technology in the pre-concentration of minerals or ores."

Jan 1, 2016

By J. R. CAMERON

Gypsum is mined in all Atlantic Provinces except Prince Edward Island. It is generally thought to have been derived from the hydration of anhydrite in areas of minimal drainage. Late Devonian downwarping and crustal oscillation east of the Appalachian fold belt allowed the Windsor Sea to advance and retreat in a depositional trough and deposit about 1,000 m of sediments in Mississippian time, much of which were evaporites. The best areas for further gypsum development are lowland basins such as the Cape Breton Lowlands, the Hillsborough area of New Brunswick and the St. George's Lowlands in Newfoundland, all of which are already sites of gypsum quarries. Nova Scotia's gypsum is mined from the Lower Windsor Group, which is divided into subzones 'A' and 'B'; 'B' provides most of the province's gypsum production. The Atlantic Provinces gypsum industry has markets from the St. Lawrence waterway to the mouth of the Mississippi River.

Jan 1, 1984

By B. van Beek, T. Goff, P. Gebski, P. Szyplinski, W. L. Ying

"Monitoring the refractory lining integrity is essential to assure the safety of the operators and to determine the remaining campaign life of a furnace. Early detection of refractory lining degradation is essential to avoid sudden furnace failures and prevent unscheduled shutdowns. In the mid-1990s a stress wave propagation technique was developed and since then it has been utilized by Hatch Non-Destructive Testing (NDT) Group to evaluate furnace linings. For the last 17 years the AU-E technique evolved in terms of hardware, software and signal acquisition and interpretation. Most importantly, based on more than a decade of commercial applications, an extensive database of various failure modes, refractory deterioration trends and material properties has been created. This knowledge base is an integral part of AU-E which progressed from a NDT technique towards a comprehensive approach for furnace condition monitoring. All of the improvements introduced over the last several years have greatly improved the accuracy of the measurements. The data analysis process has also become more time efficient making the critical results available to the furnace operators in a more timely manner. Today the AU-E technology is used on a variety of process vessels in non-ferrous, glass, chemical and iron and steel industries.In this paper we are reviewing the available techniques for furnace refractory lining measurement and discussing the pros and cons of each method. The need for continuous improvement and development of new techniques for refractory monitoring is also emphasized. Finally, we are presenting a number of case studies and comparisons between the physical verifications and the AU-E measurements."

Jan 1, 2015

By F. Parada Luna, F. Parada Torres, J. Salvo, A. Reghezza

In the pyrometallurgical processes of copper concentrates, arsenic is preferentially concentrated in the dusts carried by the gases as a result of their volatility and subsequent condensation in the gas cleaning train. In this work results obtained by alkaline leaching of the dusts from Ministro Hales roasting plant, belonging to Codelco, are presented. For the Ministro Hales plant the alkaline leaching would be an alternative to the recirculation of dusts to the roasting furnace. The experimental study considered NaOH and NaOH plus NaHS leaching of two samples of dusts, with 4.24 and 2.55% arsenic respectively. The results show that it is feasible to extract 90% of the arsenic and 50% of the antimony at room temperature using only NaOH, and when the temperature increases to 95ºC, the extractions of As and Sb increase. Copper remains in the solid residue with less than 1% dissolution, and the NaOH net consumption was approximately 140 kg/t of dust. In leaching tests with NaOH + NaHS, two types of methods were tested, baking plus leaching with water and direct leaching with a NaOH+NaHS solution. With the second method arsenic extraction increased to 95% and copper dissolution was less than 0.01% at 85ºC, NaOH 100 g/L, NaHS 90 g/L, 1.5 h and L/S ratio of 5/1 (L/kg). The bismuth remains stable in the solid in all cases. INTRODUCTION The presence of arsenic in copper concentrates has increased with time and the environmental regulations are becoming increasingly more stringent. In concentrate treatment pyrometallurgical plants, most of the arsenic is volatilized condensing in the gas train and is collected along with the entrained solids to form the flue dusts. Under these conditions, in smelters of copper concentrates with high arsenic content, the dusts are being treated in hydrometallurgical plants to extract and stabilize the arsenic, which also means that most of the copper contained in the dust is co-extracted with the arsenic. This affects the recovery of copper in the smelter and an alternative such as the selective alkaline leaching of arsenic, would allow the copper from flue dust to be recovered.

Jan 1, 2019

By W. W. Rudolph, L. N. Trevani, P. R. Tremaine

UV-visible spectroscopy, Raman spectroscopy, and vibrating tube densimetry have been used in our laboratory to determine equilibrium constants of aqueous species at temperatures as high as 325 °C. The UV-visible and Raman spectra of solutions containing metal complexes and ionized acids or bases can be used to yield formation constants by applying curve fitting methods to resolve the contribution of each species. Colorimetric pH indicators identified by Johnston and coworkers at the University of Texas (Austin) provide an alternative means of determining ionization constants and the pH of complex mixtures. High precision density measurements over the same range yield standard partial molar volumes, which are key parameters for "equations of state" for aqueous species. Examples are given for the copper-ammonia system, simple carboxylic acids, and the iron-sulphate system.

Jan 1, 2004

By C. M. Bartley

Fluorspar, in addition to its familiar uses as a metallurgical flux and as a source of the electrolyte for aluminum production, has become important as an essential raw material in the rapidly growing fluorine chemical industry. The unique ability of fluorine to react and form compounds with al-most all other chemicals has made it one of the important elements in modern chemistry. Research and development over the past thirty years have resulted in a current annual production of fluorine chemicals that is both technically and economically important to industry. Because many of these chemicals and products are relatively new, and most have properties that are not duplicated by other materials, the present uses are expanding rapidly and new applications are being reported continually. Fluorspar, the only immediate and practical source of fluorine, is therefore an important mineral. This fact has been recognized in major industrial areas such as the United States and Western Europe, but has received little attention in Canada.

Jan 1, 1962

By Güney

"An investigation carried out to determine the tendency of coals to heat spontaneously in terms of time-temperature curves coupled with the resulting oxidation products in an adiabatically controlled laboratory setup is described. Tests were made at differing moisture conditions, including oxidation and also oxidation with either adsorption or desorption of water vapour on coal.From the experimental evidence, there is reason to believe that the oxidation of coal, although an important factor, is not the predominant one in the development of spontaneous heating. In addition to the temperature increase in coal and the gaseous products evolved due to auto-oxidation, the process is accelerated by adsorption and retarded by desorption of water vapour on coal."

Jan 1, 1971

By P. Kawulka

An integrated pilot plant for the development of the S-C Copper Process was constructed at Fort Saskatchewan in 1975 and operated in 1976. The pilot plant was designed to treat 9 tonnes per day of a pyritic copper concentrate. A demonstration run conducted during the last quarter of 1976 averaged 90% on-stream time, and confirmed that the process is operable as a stable and integrated unit. The paper describes the parameters and equipment developed for thermal activation of chalcopyrite copper concentrates to make them amenable for the dissolution of iron and zinc, and their subsequent separation and recovery. The resulting high-grade copper sulphide was leached with return electrolyte and oxygen to extract 98.5% of the copper into solution. The copper was electrowon at 650 amps per square metre from purified solution, to produce cathodes analyzing 0.1 ppm Se, 0.1 ppm Bi, 4 ppm Pb and 10 ppm S. The electrical conductivity was >101% lACS and the spring elongation value [ ]350 mm. Elemental sulphur and gangue are removed from leach residues to make a concentrate containing over 95% of the silver and gold and most of the unleached copper. Conventional construction materials such as stainless steel, titanium, Hastelloy, acid brick, rubber and plastics performed well. The containment inherent in hydrometallurgy provided high standards of hygiene and safety.

Jan 1, 1978

By E. Wright

"INTRODUCTIONThe Ruttan Mine is located twenty-two km east of Leaf Rapids in northwestern Manitoba. The copper-zinc exhalative massive sulphide deposit is comprised of a series of individual and interconnected en echelon lenses which strike east 20 degrees north and dip south 70 degrees. The mine has been owned and operated by the Hudson Bay Mining & Smelting Company since July 1987. Sherritt Gordon Mines Limited began mining the orebody in 1973 from an open pit, but production has been entirely from underground since 1980. HistoryDuring the progression from open pit to underground mining, it was recognized that manual methods of ore reserve calculation were inadequate for responding to changing metal prices and evaluating alternative mine plans. The mine planning system that was developed is described in the paper, ""Computerization of Ore Reserves and Mine Planning Functions at Ruttan Mine"", presented by B.C.W. Haystead at the 1984CIM Annual General Meeting. At that time, programs for core logging, diamond drill hole plotting, grade interpolation, ore outline digitizing, and reporting had been developed by the Systems Department for use on Sherritt&apos;s UNIVAC 1100 mainframe computer. Telecommunications linked terminals at the Ruttan coreshack and office to the UNIVAC in Fort Saskatchewan, Alberta. The same mine planning system was also used at a second property.Operation of the mine planning system was expensive, and it was evident that increased use required a costly upgrading of the UNIVAC in order to maintain an acceptable service level to all users. The system was re-evaluated,&apos; and it was concluded that: core logging was not easily adaptable to a new property, nor flexible enough for exploration; plotting, grade interpolation, and digitizing required considerable manual effort; and that the UNIVAC operating system was difficult to learn.It was recommended that a study should determine if: core logging could be redesigned and/or implemented on a microcomputer; interactive graphics be used to reduce the effort for functions requiring visual interpretation; and the creation of input processors would assist users in setting up parameters for guiding the programs."

Jan 1, 1989

By Arnfinn F. Prugger, Fritz F. Prugger

"The Saskatchewan potash beds are overlain by a number of water-bearing formations. There are water zones in the footwall as well. These aquifers created difficulties during the construction of shafts to the potash beds at 1()(}() m depth, and they pose a continuous threat to the safe and efficient operation of potash mines in the province.The first shafts to be sunk in Saskatchewan encountered major problems during shaft sinking. Of the 17 potash shafts started in the province, five had major water inflows during shaft sinking or after production startup, and one was abandoned because of water problems. The biggest obstacle encountered during shaft sinking was a poorly consolidated sand-shale-clay-siltstone unit commonly called the Blairmore Formation, which occurs at a depth of about 500 m. The initial problems with shaft sinking were overcome in the 19605by using European methods of freezing and the installation of cast-iron tubbings or a double-steel lining through water bearing horizons.From the start of production in the early 19605, operators have been aware of the ever-present hazard of potential water inflows into mine openings from permeable units in both the hanging wall (carbonates of the Dawson Bay Formation which occur 15 m to 50 m above the mining level) and the footwall (carbonates of the Winnipegosis Formation which occur 50 m to 150m below). This awareness has been reflected in conservative over-all extraction rates and mining layouts specific to local conditions. In spite of this consciousness, a number of water problems have occurred in operating mines. These have resulted in everything from simple increases in expenditure to the shut-down of one mine in 1987.In this paper a history of water problems in the Saskatchewan potash industry is given, followed by a summary of measures that are now commonly used to avoid these problems. A description of each inflow event is given, and the attempt is made to analyze the causes of each occurrence. Based on what was learned f rom each event, suggestions are made to prevent future water inflows into potash mines."

Jan 1, 1991

By W. G. Mine

In September, 1953, seismographs were installed in the Crowsnest Pass area of Alberta and British Columbia to study the &apos;bumps&apos; which were occurring in the coal mines at Fernie and Coleman, and to investigate the possibility that they might be related to minor earthquakes in the area. During the initial phase of the work, three seismographs were operated at widely separated stations, two in the region of coal mines at Coal Creek and Coleman and one at Turner Valley, distant from any mining operations. Some earthquakes were recorded at all three stations and, in addition, many small disturbances were recorded by the seismographs located near the mines, especially -by the instrument at Goal Greek. A closer network of radio-linked seismographs was then in-stalled near Fernie, the records of which definitely established that the small disturbances were occurring in the mine workings, both active and inactive. No relationship was established between bumps and local earth-quakes in the area. This work was initiated as a -co-operative effort with the Fuels Di-vision of the Mines Branch, Department of Mines and Technical Surveys, which has undertaken a study into the phenomena of ground stress relief in underground mine workings.

Jan 1, 1958

By M. B. Shongwe, R. K. K. Mbaya, C. K. Thubakgale, P. Mendonidis

"A low-grade nickel-bearing ore was pre-concentrated on a SB40 laboratory model Falcon Concentrator. Three size fractions, -212+125, -125+75 and -75 µm were tested with the intent to upgrade the nickel content by reducing their content of fine silica, which becomes amorphous during leaching. Separation of silica from nickel-bearing magnesium silicate minerals; hornblende, clinochlore and talc, was more efficient in the finer particle sizes, -125+75 and -75 µm, and at high G-forces. For these two size fractions, nickel was upgraded from 0.06 to 0.07%, with a reduction in silica content from 52.12 to 50.71%. Leaching of feed samples prior to pre-concentration resulted in the formation of amorphous silica, indicative of the presence of fine silica in the samples. Leaching of nickel from the -125+75 µm fraction increased with increasing G-force and feed pulp percent solids, while that of -75 µm was not influenced. The optimum nickel recovery was 15.68% to the Falcon underflow, using the feed size fraction of -75 µm, 30 G and a feed pulp solids content of 10% solids, after 120 minutes of treatment.INTRODUCTION A low-grade South African nickel-bearing ore with about 0.06% Ni was previously studied for atmospheric pressure acid leaching using sulphuric acid. The study was motivated by the continuing search for methods to treat of low-grade ores, which appear to be an increasingly important source of valuable metals as a result of a declining production from rich sulphide ores. Nickel is a base metal that is used as an alloy in steelmaking and chemical industries because of its resistance to corrosion (Haudet et al., 2015). Nickel laterite ores with grades lower than 1.50% Ni are considered to be complex ores, accounting for 70% of the global nickel reserves (MacCarthy et al., 2016). Their complex nature may be attributed to the indefinite mineralogy of these ores, in which nickel may occur in more than one mineral host. In some cases, nickel may be finely disseminated in the ore. The grade of such an ore and complex mineralogy do not justify the application of pyrometallurgical methods for extraction of nickel (Zhu et al., 2012). This suggests that there is a need for less expensive alternative methods of extraction. This study investigates the application of centrifugal gravity concentration, using the Falcon concentrator, followed by leaching to determine the effect of pre-concentration of the ore prior to extraction by atmospheric pressure leaching with sulphuric acid."

Jan 1, 2017

By Balmer Neilly

We are regularly told that before making a new investment one should seek the advice of his banker. If we were to place the subject matter of this paper before bankers. other than those who have experience in our mining camps, their reply would probably be evasive. However, if for example: a mining company asks them for a loan and offers as security certain mining investments, they are, in most cases, explosively candid. The idea is preposterous, unless, under Section 88 of the Bank Act, the mining company is able to deposit with the bank, gold or silver bullion, to an amount sufficiently in excess of the loan, to provide for what the banker describes as a reasonable margin of safety in case of contingencies. In addition the directors of the mine personally must jointly and severally guarantee payment of the loan. With any of these conditions missing the banking atmosphere becomes chilly. The local manager explains that the general situation, and particularly European conditions, are so unsettled that head office has warned him that his discretionary powers must not be exceeded under any circumstances.

Jan 1, 1924

By M. F. Goudge

This paper is intended to call attention to the manifold uses of limestone in industry; to indicate the types of limestone desired by some of the large consuming industries; and to give some information on the resources of limestone in Canada, so that an idea may be obtained of the present and future possibilities for limestone production. The word limestone is used in the usual broad sense to include both high-calcium limestone and the highly magnesian variety known as dolomite, as well as all intermediate types. Lime is simply calcined limestone, and in this general paper its uses have been included with those of raw limestone. It is of interest, in dealing with this subject, to glance back over the early history of the utilization of limestone, for by so doing we see that limestone has been of importance to mankind since the beginning of civilization and has contributed in no small measure to the development of a number of the arts and sciences. One of the first uses, if not the first use, of limestone was in connection with the making of lime for plastering purposes. This use antedates civilization. In the day of the ancient Greeks and Romans, the art of plastering had been brought to a state of perfection that is not nearly approached by the modern artisan.

Jan 1, 1930

By Stephen G. Mlot

The evaluation of mineral projects involves the identification, mitigation and management of significant uncertainty. Benchmarking is an essential and effective way of increasing confidence and reducing uncertainty associated with input parameters and assumptions. Comprehensive and detailed benchmarking will ensure ?best practice? technologies, methods and systems have been considered and that the appropriate practices can be identified and incorporated into the project. In conjunction with the involvement of experienced industry practitioners, benchmarking is best employed throughout project evaluation to enable early identification of ?errors?, producing more accurate and predictable outcomes. Considerable time and effort is required to gather data and information, which should be benchmarked by the project evaluation team. There is a history of mining projects underperforming, on production, on costs and on return to the investors. The quality of mine plans and feasibility studies, and the quality of the input data is being questioned in many ways. Benchmarking assists sound project evaluation practices, by providing a database of actual results, to validate project inputs and outcomes, ensuring they are realistic and achievable. Benchmarking also provides unbiased, statistical support as the basis for sound investment decision making and ensures well considered decisions are made resulting in a more efficient study process. The evaluation of the quality of projects which are the subject of transactions also benefits from the use of real data obtained from a benchmarking database. Vendors are quick to highlight the benefits of their projects, and conceal the flaws, inflating the value. Buyers will want to quantify the potential of a project through the due diligence process relying on actual results from benchmarking. For the reasons broadly outlined above, benchmarking should be considered as an essential component of effective Project Evaluation.

Aug 1, 2013