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By A. Dubé

Introduction It is common experience that on re-heating a fully martensitic steel below the Ac, point, a softer and tougher structure is formed as the tempering temperature is raised. The mechanism of tempering of plain carbon and low-alloy steels has been the subject of many investigations. In a very comprehensive study, Cohen and associates have recently established three different tempering stages, the last of which reaches completion at about 700°F., with heating rates of 5°F. per minute. This latter stage has been established ta be the carbide-forming stage, so that the steel consists of a mixture of ferrite and carbide, which are the metastable equilibrium phases. Any subsequent changes which take place at higher temperatures below the Ac, point in the absence of graphitization or carbide lattice conversion normally consist of agglomeration of the carbide particles. This naturally results in the softening of the steel. However, in many cases the Ac, point, as determined by dilatometry, thermal analysis, etc., only gives a rough estimate of the temperature where the reaction, ferrite plus carbides to austenite, is initiated. This appears to be especially true in the case of alloy steels in which three phases can co-exist in certain temperature ranges. Bain has given data on the three-phase equilibrium in both manganese and nickel steels. In these steels, the formation of austenite at temperatures just above the AeIL apparently involves the diffusion of the alloying elements to the first pools of austenite, thereby making the process very sluggish. As a consequence, the critical Ac points determined by ordinary methods at normal rates of heating can be quite distant from the true equilibrium Ae temperatures.

Jan 1, 1946

By Ron Zevenhoven

In Finland one opportunity for large-scale CO2 capture, utilisation and storage (CCUS) is CO2 mineralisation, i.e. mineral carbonation. A process route under development towards industrial application involves production of magnesium hydroxide or sulphate from serpentinite rock (serpentine = 3MgO·2SiO2·2H2O), followed by conversion either in a pressurised fluidised bed (PFB) reactor, giving magnesium carbonate, or in an aqueous solution process giving magnesium hydro-magnesites. Iron present in the rock is typically obtained FeO(OH). Results obtained with these process routes and progress towards industrial demonstration is addressed, process heat integration and operation on flue gases (without CO2 pre-separation!) being key features for economic viability. A process route utilizing calcium-containing slag by-product from iron- and steelmaking under development towards large-scale application is the so-called slag2pcc concept. It converts an industrial by-product into valuable material, reduces use of natural material and streams to landfills while binding CO2 produced by the process generating the slag. Using ammonium salts, calcium is extracted from steel converter (BOF) slags and subsequently carbonated in a two-stage aqueous process (at ambient temperatures and pressures). Precipitated calcium carbonate (PCC) is produced while regenerating the ammonium salt. Process performance and scale-up while guaranteeing a certain PCC quality are presented.

Jan 1, 2015

By C Carbonneau

In order to successfully produce columbium pyrochlore concentrates, St. Lawrence Columbium and Metals Corporation had to face two principal problems met in several new operations but possibly made more acute than usual owing to the newness of the project. 1.-The ore is particularly complex, as it is made up of an elaborate intermingling of carbonates and discontinuous ultra-alkaline rock bodies of various ages and types in which no less than seventy mineral have been re-ported. Obvious petrographic or structural controls are lacking. Ore boundaries have to be defined on the basis of assay results and the determination of several minerals which occur in trace amounts. 2.-The pyrochlore concentrates produced had to com-ply with a set of stringent specifications. This fact, combined with the low Cb205 content of the ore, necessitated the use of a beneficiation process that would have to operate at a concentration ratio greater than 100:1. A brief description of the mill circuit is given. Mill stability was obtained through extensive mineralogical study of the mill feed coupled with close geological and engineering control of the mining operations.

Jan 1, 1965

By H. P. Pew

THE Pembina oil field is in west-central Alberta, about 88 miles west-southwest of Edmonton. The field, about 35 miles long by T HE Pembina oil field is in west-central Alberta, about 88 miles west-southwest of Edmonton. The field, about 35 miles long by 85 miles wide, is the largest in Canada in areal extent, in the amount of oil in place and in the current producing rate. The discovery well was completed in the middle of 1953. The field has grown until its present area is 369,820 acres. There are 74 working interest owners in the field. Early in the producing history of the Pembina field a committee of operators was formed on a permanent basis. The Pembina Operators' Committee has established a permanent staff, which compiles and distributes pertinent field information on a regular basis to all participants. The Alberta Oil and Gas Conservation Board has dealt with field-wide problems primarily through this committee. Expansion of the field was rapid as shown by the number of wells completed -from 135

Jan 1, 1961

By C. Chapman, M. G. Reading, M. P. Amsden

Ecstall Mining Limited, a subsidiary of Texasgulf Incorporated, operates the Kidd Creek mine, a 10,000- tpd base metal producer, near Timmins, Ontario. Two different ore types are mined and milled copper-zinc and silver-lead-zinc. At the highly automated Ecstall concentrator, the ores are processed by selective flotation in three individual circuits. One of the most important metallurgical tools for process control is a sample system incorporating continuous onstream X-ray analysis. Recently this system was further automated by adding computer control of reagents for two copper-zinc flotation circuits. The computer programs, utilizing optimum seeking methods and smelter contract terms, have increased copper recovery 0.8% and zinc recovery 1.6%, and reduced reagent costs by 12%. Although not anticipated, copper and zinc concentrate grades were improved modestly as well.

Jan 1, 1973

By A. S. Dawson

Introduction The purpose of this paper is to discuss, in a general way, the application of geological principles in the exploration for, and development of, deposits of industrial minerals. Mention of geological factors pertaining co specific minerals will be by way of illustration only. Since many prospectors are little acquainted with the geological setting and mode of occurrence of deposits of these minerals, some prospecting possibilities in the field will be pointed out. Geology is a tried and proven tool in the search for and exploitation of metalliferous deposits and of oil and gas fields, but, so far at least as Canada is concerned, only very rarely has a directed, intensive search been made for deposits of industrial minerals. Examples might be cited, however, where, in other countries, such investigations have yielded rich rewards. Thus, development of the vitally important potash deposits of New Mexico was the result of a deliberately planned programme of geological investigation, first by United States Government agencies, and later by private interests. War or the threat of war, or peace-time industrial expansion, can render concentrated exploration for specific minerals desirable or even essential. Such exploration is, primarily, a geological problem. Admittedly, there is in general less scope for the application of geology in the search for, and development of, deposits of industrial minerals than of metalliferous minerals, oil, etc. Where the latter are concerned; the objective of exploration is to find a material that is valuable, within broad limits, no matter where it is located or how it occurs. The unit value of the material is limited only by the amount of the valuable constituent in the formation- its possible upper limit is tremendously high. On the other hand, many industrial minerals constitute in themselves 90 per cent or more of the formation- their amount cannot increase and their unit value is commonly low. Moreover, for commercial exploitation, the deposit must, in general, be reasonably close to markets or to plant or other facilities for processing the raw material, since, owing to its low value, this cannot be transported any great distance. As a consequence, intensive geological search for and investigation of such deposits has been restricted to industrialized areas. Obviously, however, it is good insurance for any operator to understand the geological background of his deposit, particularly in the case of new developments.

Jan 1, 1949

By H. D. B. Wilson

"IntroductionRECENT ADVANCES in geo-chemistry and in •our knowledge •of crystal structure provide a key which enables us to create a systematic picture of the genesis of many ore deposits. This genetic scheme may be used with confidence in assessing certain types of orebodies and may be of some aid in actual exploration, since it affords a rational explanation of the dependence of the composition •of the ore minerals on that of the rock type in which they occur with which they -are •associated. For purposes of the present paper, .the elements chosen are •chromium, vanadium, iron, and titanium. The oxides of all these metals occur in deposits of similar or related type, and it is proposed to show that, for each, the composition of the •ore mineral is related to •the composition of the enclosing :rock, and that one of the principal factors controlling the composition of the ore is the ionic size of its constituent elements.Geochemical PrinciplesThe crystals of the rock-forming silicates and of the magmatic oxide minerals are essentially ionic types. This means that they are composed •of oppositely charged ions such as Mg²+ and 0²-, which are held together by electrostatic attraction. The ions of each element are spherical, with characteristic size known as the ionic radius. Crystals are built up by the packing of these spheres in the most stable arrangement compatible with the size and the size and valence of the ions• involved.Many of the principles governing the formation of ionic crystals are •simple ,and logical."

Jan 1, 1953

By D. B. Smith

DURING the summer of 1953, test work commenced at the Sullivan Concentrator with a view to the modification of filtration practice by the inclusion of wet cyclone classification of the lead concentrates, with separate filtration of the underflow and overflow products. Formerly, practice was conventional and the equipment employed comprised one 50-foot diameter thickener ?with the underflow routed via a 20-foot stock tank to two 8-foot by 12-foot Oliver filters. Heating of the filter feeds to 40° C. and the use of mechanical slappers on the filter drums ?have both been standard features of Sullivan practice for years. Both of these have been retained. Currently (February, 1956), lead concentrates are being classified into sands and slimes by 12-inch cyclones with the underflow, at 75 per cent solids, being fed to No. 1 Oliver filter. The overflow is thickened to 75 per cent solids and filtered separately by a No. 2 Oliver filter . The tonnage split is approximately two of underflow to one of overflow. The overflow contains 75 to 80 per cent of the total minus I 500 mesh slimes in the feed.

Jan 1, 1956

By Henrik Saxén, Mikko Helle, Hamid Ghanbari

In this study, a process integration approach in a primary steelmaking is investigated to evaluate future operation concepts of a steelmaking site considering sustainability issues. Mathematical programming is used to study the integration of the steel plant with chemical units for utilization of available off-gases in the system, and carbon capturing and sequestration unit. Different industrial carbon utilization options are considered to find the best route of development. A multi-period optimization model is developed based on site-wide mass and energy balances by considering the availability of the fuels and by-product gases and their consumption in the production system and a conceptual polygeneration system. The objective is to reach maximum economic profit while environmental aspects of integrated system are considered for different fuel systems, alternative blast furnace reductants and implementation of new process technologies. The model can provide useful information concerning techno-environmental and economic aspects for decision-making and can estimate optimal operational condition of current and future primary steelmaking under alternative scenarios. The results of the work illustrate the potential to develop steelmaking towards more sustainable operation in the future.

Jan 1, 2015

By Peter Hood

Data on world-wide geophysical activity in mining exploration programs are collected annually by the Society of Exploration Geophysicists' Geo-physical Activity Committee as part of a continuing service to the industry. The data are obtained by sending out questionnaires to all organizations which are known to be carrying out mining geophysical work; the organizations canvassed include mining companies, contractors, government departments and universities. The questionnaire is divided into three sections; namely, ground methods, airborne methods and research. The data compiled from the questionnaires show that world-wide utilization of mining geophysical methods reached a new high in 1967 with total expenditures of (U .S.) $32,323,240. This was divided as follows: ground methods, $18,106,785; airborne methods, $10,-123,405; and research, $4,093,050. For the ground methods, most money was spent on the induced polarization technique ($5,681,780); electromagne-tic methods were second in reported expenditures ($2,010,900). The total reported geophysical line mileage flown was 1,275,072 line miles, with aeromagnetic surveying being the most popular airborne method. The total amount spent on aeromagnetic surveys was $5,832,564 for 895,420 line miles. This gives an average cost of (U.S.)$6.50 per line mile.

Jan 1, 1968

By X. Cao, H. Huang, Z. Dai

"Crystal phase of copper-containing slag regulation by the slag viscosity, cooling speed and cooling method, where the slag viscosity is related to the temperature and alkalinity. According to the mineralogy properties of a copper-containing slag, experiments of crystal phase regulation and flotation were conducted. When the copper-containing slag that adding a small amount of calcium oxide was cooled slowly at a rate of 3°C/min and about 1050°C n a cinder inclusion system, the viscosity of slag can be remained under 0.25 Pa·S and more than ??% of copper particles that the grain size is larger than 20 ?m in slag. The whole flow of flotation experiment was carried out to recover copper from the copper-containing slag with crystal phase regulating and the copper concentrate grade was ?????%, the recovery efficiency of copper was 94.18%.INTRODUCTIONChina's annual output of copper slag is more than 6 million tons, the current total has reached 80 million tons. It is equivalent to 640 thousand tons of copper metal with the copper grade of 0.82%. Most of the smelting slag were storage. It is not only occupy the land and pollute the environment, but also make a huge waste of resource (Alp, Deveci, & Süngün, 2008; Carranza, Iglesias, Mazuelos, Romero, & Forcat, 2009; Gorai, & Jana, 2003), therefore, it is good way to achieve copper slag resources by the effective recovery of valuable component from copper smelting slag, which is an important measure of the current process of copper smelting slag and implement the central authorities to vigorously develop the circular economy, improve the recycling of resources, increase copper production of intensive development (Zhou, et al., 1994; Zhang, Zhang, & Wang, 2005). Currently, researches on comprehensive utilization of the coppercontaining slag made a much progress (Wei, 2004; Liu, Gai, Yang, Sui, Li, & Fu, 2008; Liu & Zhu, 2008; Zhang, 2010; Sun, Chen, & Tang, 2012; Qin, Wang, Ren, Wei, Peng, & Gu, 2012). Flotation is one of the most effective method to recover the copper from smelting slag, which has the features of low cost and high efficiency (Song & Liu, 2001; Zhang, Wang, & Li, 2012). But the copper particles in the copper smelting slag distribution is very uneven, and the thickness of the material is very serious. The copper content in the micro level is higher, the size of copper sulfide ore is less than 0.043 mm, which leads to the difficulty of the monomer dissociation (Tossavainen, Engstrom, Yang, Menad, Lidstrom, Larsson, & Bjorkman, 2007; Moustakas, Mavropoulos, Katsou, Haralambous, & Loizidou, 2012). In this study, according the process mineralogy of a smelting copper slag, the crystal of smelting copper slag was optimized by controlling the temperature, alkalinity, cooling rate and cooling method, which makes the fine copper mineral particles in the copper slag crystal further, and can be used to meet the particle size requirements of flotation, thereby enhancing the flotation of copper."

Jan 1, 2016

By Mike Dry, Mani Manimaran, Mykolas Gladkovas, Mariam Melashvili, Chris Fleming

Development of a new hydrometallurgical flowsheet requires quantitative description and optimisation of all chemical processes in each step in the process, as well as mass and energy balances across a fully integrated circuit incorporating all the unit operations. This paper covers steps leading to early modelling of a gold processing plant based on a bromine/bromide lixiviant. Research conducted at SGS Lakefield in collaboration with Albemarle provided the data that were used in the development of this model. A previous investigation in this series described the leaching behaviour of various mineral types in Stabilized Bromine reagent. This paper is concerned with the gold recovery operations associated with a conceptual bromine leaching process. The recovery of gold by different types of resin and activated carbon was studied, along with various methods of stripping the gold from the extractant. The circuit is closed by electrolysing the spent leach liquor to oxidize some of the contained bromide back to bromine that would allow recycling the regenerated leach solution back to the leach step in the process.

Jan 1, 2015

By G. H. Charlewood, J. W. McBean

"One hundred years after being developed, the diamond drill is still an essential tool in mineral exploration. The basic principle is unchanged, but the technique has been revolutionized, particularly in the past fifteen years. The cost of core drilling has not kept pace with the rising cost of living. The price of machinery, supplies and labour in drilling has doubled and trebled since 1946. Some of the techniques which have made it possible to hold the price line are described."

Jan 1, 1967

By C. H. van Eendenburg

"Installation of a 3.6 km long raw coal conveyor in the Balmer open pit was undertaken to improve over-all haulage efficiency. This paper covers the rationale behind this project, system design and construction aspects and initial operating experiences. The majority of the construction work was performed by our own personnel. Where feasible, used equipment was installed to reduce capital cost and facilitate a tight construction schedule.BackgroundWestar Mining Ltd's Balmer Mine is located in the British Columbia Rockies, just outside of the town of Sparwood in the southeastern corner of British Columbia. The open pit mine, which has been in operation since 1969, currently produces about 6 million clean tonnes of coal per year, mostly for the metallurgical coal export market. Run-of-mine coal tonnages total between 9 and 9.5 million annually and waste removal volumes exceed 30 million bank cubic metres.The mine is a truck/shovel operation; loading equipment includes nine electric shovels, five front-end loaders and a hydraulic backhoe. The truck fleet consists of 40 units of 154-tonne, 181-tonne and 315-tonne capacity. The newer 154-tonne trucks are used for coal haulage for which they have been equipped , with tailgates to maximize their coal carrying capacity."

Jan 1, 1990

By Arthur Barnes, Mika Muinonen, M. J. Lavigne

"The carbothermic reduction of chromite ore to produce high carbon ferrochromium is among the most energy intensive metal extraction processes performed, due not only to the highly endothermic nature of the reduction reactions but also the very high operating temperatures required for the smelting operation to separate the chrome-containing alloy from the discard slag.KWG Resources and XPS have collaborated over the last 3 years in developing a patented (Winter) processing alternative to the traditional smelting operation in which all processing takes place in the solid state at temperatures many hundreds of degrees lower than those required for liquid processing. Amongst the attractions of the process are much lower capital costs, as well as reduced operating costs, particularly of energy.A techno-economic study on the new process identifies a reduction in overall energy consumption of 70% against conventional processing and approximately 40% lower than the current best practice. By utilising more natural gas than coal based energy sources, the KWG process is able to show an overall 50% reduction in greenhouse gas emissions compared with the most energy efficient current practice. The impact of the new process on future processing is therefore regarded as highly significant, with global energy reductions equivalent to the effect of completely eliminating energy demand from a country the size of Italy.The study concluded that the potential for this process to completely revolutionise the global ferrochrome industry should not be underestimated. Its impact reaches far beyond exploitation of a regional natural resource."

Jan 1, 2015

"Shales play a major role in the stability of slopes, both natural and engineered. This paper attempts to provide a review of the state-of-the-art in shale slope stability. The complexities of shale terminology and classification are first reviewed followed by a brief discussion of the important physical and mechanical properties of relevance to shale slope stability. The varied mechanisms of shale slope stability are outlined and their importance highlighted by reference to international shale slope failures. Stability analysis and modelling of anisotropic rock slope masses are briefly discussed and the potential role of brittle rock fracture and damage highlighted. A short review of shale slopes in open pits is presented.INTRODUCTIONShales have been stated to form approximately 58% of sedimentary rock so it is not surprising that they are frequently encountered in both natural and engineered slopes. They represent challenging environments for slope stability due to the wide variation in their engineering properties, their changing behaviour with time due to geomorphic processes and the variation in the failure mechanisms as a function of both stratigraphy and tectonics. An extensive body of literature exists on the terminology and classification relevant to shales; it is not possible in the scope and length of the current paper to review these works in detail and the reader is referred to Farrokhrouz and Asef (2013), Bell (2000) and Goodman (1993) for detailed discussions. It is arguably the case that no universally accepted classification of shales exists today and depending on the field of application the terminology varies widely. Shales in slope stability, for the purpose of this keynote paper, are taken to include material varying in properties from weak rocks to soils and therein lies one of the most challenging aspects in shale slope characterisation for engineering purposes. They have been classified as “rock-like” or “soil-like’, (Underwood 1967) or compacted and cemented, Table 1, Yagiz (2001). Classifications have considered numerous factors including composition, cementation and a wide range of engineering properties.The propensity of shales to degrade with time due to geomorphic processes has resulted in an important aspect in their classification, that is, the attempts to incorporate slaking, durability and swelling and softening behavior through purpose developed testing methods (Gamble 1971, Morgenstern and Eigenbrod, 1974). Figures 1 and 2 show examples of terminology used to describe argillaceous materials and some proposed engineering classification schemes (Grainger 1984 and Bott 1986). Corominas (2014) provides a recent classification of argillaceous rocks and their durability relating five stages of slope deterioration to the texture of the rock on Ternary diagrams. No attempt will be made here to discuss the merits of the proposed terminology and classifications, suffice it to say, that the controversy and flux surrounding these issues is a strong indicator of the complexities in the behavior of these materials. In this paper the author will consider slope stability in the materials indicated in Table 1, Figures 1 and 2 without undue focus on terminology. At the lower strength limit of shales the engineer must design slopes using the principles of soil mechanics which may vary from the simple Mohr Coulomb plasticity constitutive criterion to modified critical state models, some even attempting to incorporate softening behaviour in the weaker clay shale materials. Given the transitional nature of shale materials several workers have treated overconsolidated clays and clay shales using concepts such as peak and residual shear strength, brittleness index and softening. Martin and Stacey (2013) provide a useful review of the importance of weak rocks in open pit mining, with mudrocks as a specific member, and note the importance of delayed failure, progressive failure and loosening in the stability of"

Jan 1, 2015

By L. J. Cunningham

Introduction The property of Rouyn Merger Gold Mines, Limited, is in Rouyn and Joannès townships, Western Quebec, seven miles east of the town of Rouyn. Traversing it is the east-west trending Cadillac-Bouzan fault. Diamond drilling in 1944 and 1945 along a shear zone south of the fault indicated an ore deposit lying at the contact between sedimentary and volcanic rocks and dipping approximately 60° to the northwest. In the summer of 1945 it was decided to sink a shaft to investigate the indicated ore zone. In the immediate vicinity of the deposit, bed-rock is overlain by clay beds, in some places as much as 70 feet thick. Consequently, possible shaft sites were limited to those locations where overburden would not be excessive. The most favourable site was about 125 feet to the south of the ore zone as projected vertically from bed-rock to the surface. Accordingly, it was decided to sink the shaft at this point, with an inclination of 60° N. W., paralleling the dip of the ore zone.

Jan 1, 1948

By Rita Aiello, Stan Mack, Peter Werth, Joseph McCarney, Jozef Stachulak

"Johnson Matthey has developed the first diesel particulate filter (DPF) for underground mining that controls particulate matter (PM) at the same time as maintaining emissions of NO2 at or below engine baseline levels. DPF technology is critical for controlling PM which is classified as a carcinogen, but passively regenerating systems rely on the use of oxidation catalysts that can potentially increase NO2 emissions. This paper reviews the development of low-NO2 PM control technology and the results from testing this technology underground on diesel mining equipment. KEYWORDS Decomposition catalyst, Diesel particulate filter (DPF), Diesel particulate matter, Mining Continuously Regenerating Trap (CRT®), NO2, SCR INTRODUCTION The introduction of diesel particulate filter (DPF) technology on heavy duty diesel (HDD) engines has been an important step towards addressing the clean air and health concerns for mining companies. Control of diesel particulate matter (PM) emitted from diesel engines is already being implemented for on- and off-road vehicles, and similar legislation is being prepared for mining equipment. In addition to PM, the diesel emission control strategies (DECS) also reduce carbon monoxide (CO) and hydrocarbons (HC). Some DECS control oxides of nitrogen, or NOx, which is composed of NO and NO2. Johnson Matthey has led the development of emission control technologies for diesel engines for almost 30 years. Over the last ten years alone JM has supplied over 3 million Continuously Regenerating Trap (CRT®) DPF systems for on-road vehicles, and over 200,000 systems for off-road vehicles. The patented CRT technology combines a diesel oxidation catalyst (DOC) with a DPF to effectively trap harmful PM from diesel exhaust, while removing CO and HC. The DOC converts part of the engine NOx to NO2, which reacts with the trapped soot to regenerate the filter. As engines become more fuel efficient, less waste heat enters the exhaust. This can be a disadvantage for after-treatment systems as it leads to lower catalyst operating temperatures. The CRT system regenerates passively, without addition of heat, at temperatures that are typical of diesel engine exhaust. JM recently launched the Mining CRT system which integrates CRT technology with NO2 abatement to reduce PM and tailpipe NO2 from underground diesel mining equipment. This is the first technology proven to control both PM and NO2 emissions for a cleaner, healthier working environment. The Mining CRT is also cost-effective compared to other technologies."

Jan 1, 2019

By J. Tuzo Wilson

Abstract A division of part of the Canadian Shield into provinces believed to represent former mountain belts is attempted, special emphasis- being laid upon radioactive age determinations, the relation of Archaean to Proterozoic rocks, and the structure of the Grenville province. Original data on the distribution of radioactivity within several batholiths and their connection with ore deposits are' presented. The possible growth of continents and a theory which explains the shape and distribution of the world's younger mountain and island areas are discussed and applied to the Canadian Shield in an attempt to explain how the growth and present structure came about. The relation of the major mining camps of northeastern Ontario to fault zones is discussed in the light of this theory. Introduction The valuable symposium issued by this Institute to celebrate its jubilees emphasizes the important role of major faults in determining the location of many ore deposits in the Canadian Shield. Many of these faults are known to extend for long distances. It is therefore widely appreciated that it would be of great value if the pattern, ages, and causes of these faults were better understood. This would be particularly useful if the relations of the major fault systems to petrological and metallogenic provinces and to former mountain belts could be established. Each year the volume of available data, and hence the chance of reaching a fuller solution of this problem, increases. This article is a review of the present situation. It is accordingly based almost wholly upon the work and ideas of others, which are gratefully acknowledged. Naturally, responsibility for the selection and marshalling of the data is the writer's.

Jan 1, 1949

By Trevor R. Ellis

"The valuation of mineral properties in the U.S. is only partially regulated. The regulations which have jurisdiction or impact appear to have such mainly as a consequence of unintended fallout, since the regulations were designed for other purposes. Court case history can also be important. The combined results are a mixture of bad and good, with important lessons to be learned.Since 1981, the Securities and Exchange Commission has prohibited U.S. listed companies from reporting quantitative estimates of mineralization and the value of mineralization, other than proven and probable reserves. This results in the minerals appraiser (valuator) working with a shortage of data in his everyday work, both on the subject property and in sales analysis.Between 1989 and 1995, all 50 states and essentially all Federal agencies adopted the Uniform Standards of Professional Appraisal Practice (USPAP) for real property appraisals (valuations). The major national appraisal societies also require their members to abide by USPAP. A significant portion of minerals appraisals must now follow these standards. This paper will discuss the content of USPAP. It provides a very good framework for the valuation of a minerals property or a mine, both as real property and as a business. However, the credentialing standards for real property appraisers are now prohibitive for minerals appraisers."

Jan 1, 2003