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By F. T. Mooney

Introduction The Flin Flon mine of the Hudson Bay Mining and Smelting Company, Limited, is on the interprovincial boundary between Manitoba and Saskatchewan, about four hundred miles north of the Canada-United States boundary. The orebodies are gold, silver, zinc, and copper replacement deposits occurring as irregular lenses of massive sulphides, arranged en echelon, and irregular masses of disseminated copper sulphides in chlorite. The country rocks are of Precambrian age, dominantly lava flows. Development of the Mine The mine is opened by two vertical main shafts- the North Main and South Main shafts- 3,800 feet apart. The North Main shaft has a depth of 2,210 feet and the South Main shaft is completed for stoping operations to the 3,250-foot level (see Figure 1). These shafts are connected by main haulages driven, on the footwall side of the orebodies, at 520-foot intervals down to the 2,210-foot level. No. 3 (subsidiary) shaft is on the footwall side of the orebodies at a point between the North Main and South Main shafts, 2,400 feet south of the former. It has a depth of 3,250 feet and connects with all main haulage levels- with both Main shafts down to the 2,210-foot level and with the South Main shaft on the 2,750-, 3,000-, and 3,250-foot levels. Other openings tO the mine include B North fan raise, the opening due to the recovery of the open pit sill pillar, and several back-fill raises.

Jan 1, 1949

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 A. R. Trusiak, C. Bazin, D. Hodouin

"The On-Stream Analyzer has proven, and is still proving to be, an extremely valuable tool for the control of flotation circuits. This paper examines the possibility of going further in the utilization of the analyzer results by using a real-time material balance program to calculate the mass flow rates within the streams of a circuit for process control, analysis and optimization as well as for the detection of sensor malfunction. The material balance algorithm improves measurements and give good estimates of unmeasured variables during normal operating conditions. The potential and limitations of the method are illustrated using results of an application to the Line 3 flotation circuit of Brunswick Mining and Smelting, New Brunswick.IntroductionThe On-Stream Analyzer (OSA) has gained, over the last two decades, the status of key instrument for the control of flotation plants. The OSA is currently used in almost every sulphide flotation plant and its application in oxide mineral flotation plants isincreasing. Commercial OSAs include a sampling system that collectssamples from various streams of a circuit and exposes thesamples to an X-ray beam. The sample then generates X-ray pulsesthat are converted into assays using multilinear regression programs(Leroux and Franklin, 1994). The estimated assays arepassed to the flotation operators via operator consoles, or to controlloops of various degrees of complexity (McKee, 1991), whichmanipulate reagent addition, aeration rate or froth thickness toensure an adequate operation of the plant. Although this applicationrapidly pays for the purchase of the OSA, one should ask:""Could we get more from the OSA?"""

Jan 1, 1995

By T. E. Morimoto

Summary The Research Council of Alberta has made a series of tests with the cyclone washer to investigate the influence of the following operating variables: underflow apex diameter, .specific gravity of medium, pulp ratio, density distribution of the feed, and size analysis of the feed. The results obtained for all the variables studied, except size analysis of the feed, are included in this paper. The tests were made with smaller underflow apex diameters and lower specific gravity .suspensions than have been recommended by Cerchar for the sharpest separations. However, what is considered to be sufficiently good cleaning was accomplished with a suspension of 1.30 specific gravity and an underflow to overflow diameter ratio of 0.56. It was found that the sharpness of separation was not affected appreciably by variations in specific gravity of suspension or underflow apex diameter provided that the density of separation was within the normal range of washery operation. Cyclone performance was not too adversely affected by decreasing the pulp ratio. The minimum figure which gave reasonable separation was 4 to 1. The tests with various density distributions of feed revealed .that the degree of washing difficulty had no detrimental effect on the .sharpness of separation given by the cyclone. Introduction A major problem of the bituminous coal industry today is that of reducing the ash content of the finer sizes (minus 1/4-inch) of coal. This problem is particularly acute in Alberta, where, because of tectonic movement subsequent to deposition, the coals have been rendered friable, and bands of impurities have been intimately mixed with the clean material. As a consequence, most Alberta coals, as mined, contain a large proportion of fines and have a high inherent mineral-matter content. The advent of mechanized mining and stripping operations ?has further aggravated this problem.

Jan 1, 1952

By C. E. Lancelle, J. T. Volk, H. F. Wang, D. Fratta

"The Main Injector Neutrino Oscillation Search (MINOS) Near Detector Hall at Fermilab and the Lafarge – Conco Mine are located approximately 100 meters underground in the Galena-Platteville dolomite just below its contact with the overlying Maquoketa shale in Northeastern Illinois, USA. A new cavern was excavated adjacent to the MINOS Near Detector Hall at Fermilab to house the near detector for the Off-axis Neutrino Appearance Experiment (NOvA) program. During this excavation approximately 1150 cubic meters of shale rock were removed. Tiltmeter arrays consisting of a series of hydrostatic leveling sensors (HLS), which are spaced regularly over a total distance of 50-to-100 meters, were used to monitor subsurface deformations. The tiltmeter response in the MINOS Near Detector Hall due to the NOvA cavern excavation is approximately thirteen times the estimated response based on using laboratorydetermined properties. The discrepancy between modeled and measured tilt is likely due to differences in Young’s Modulus in the rock mass versus in a small laboratory sample. Amplitudes of measured solid earth tides differ from the amplitudes of theoretical solid earth tides by up to 40 percent for both arrays. This is likely due to a local heterogeneity or discontinuity.INTRODUCTIONLong baseline tiltmeters have been used to record small earth movements since the early 1900s. One of the first studies using long baseline tiltmeters to measure earth tides was published by Michelson (1914). He used a leveled 152-meter long, 0.15-meter diameter tube half-filled with water connecting two concrete-lined pits. The pipe was trenched 1.75 meters underground in Williams Bay, Wisconsin in a sandy-clay soil. Initially only an east-west line was used, though a north-south line was added after it was seen that viable results were obtained. Measurements were made by hand either hourly or once every two hours depending on the time of day. When compared to 0.7 times the calculated earth tides, the tiltmeter signal matched almost exactly. This excellent result began the use of long baseline tiltmeters to measure small earth movements."

Jan 1, 2015

By T. W. Sullivan

"This paper explores the history of AC static variable frequency control drive systems on open cast mining machinery, in particular electric mining shovels and electric walking draglines, over the past ten years. It critiques the peformance of these drive systems from a productivity and operating cost standpoint and evaluates the over-all success of the original design concepts as they were envisaged in the 1970s. The paper details the state-of-the-art as it exists today as well as design improvements contemplated for the immediate future.IntroductionConsidering the fact that the very first successful application of an alternating current electrical distribution system occurred at the Gold King gold mine near Ames, Colorado, U.S.A., in the year 1891, it seems somewhat ironic that almost 100 years later, AC excavator drive systems are just now becoming commonplace in the mining industry.If one were to read the biography of Lucien L. Nunn, the first person to successfully install a commercially viable alternating current power distribution system, one would quickly visualize a parallelism between his fight to achieve acceptance of his new lower cost technology and that of those commissioned with the belief that AC static variable frequency control drive systems are not only a better performing, lower cost drive system for mining excavators today, but moreover, the drive systems of the future in our industry.This paper will deal with the evolution and incorporation of AC static drive systems on open cast mining excavators. It will trace the history of the development of these drive systems in the mining industry, the current state-of-the-art concerning these systems, and what the future holds for these excavators in our industry."

Jan 1, 1990

By Douglas A. Sloan

AN INCENTIVE or bonus system of payment is commonly used for mine labour. The incentive rates are usually based on the variable units of production, such as dollars per foot of drift advance or cents per ton of ore broken. Portions of the work that must be done to achieve the units of ?production are independent of the production unit and tend to be fixed work for the shift or for the job, irrespective of the production achieved. This fixed work has considerable influence on the equity of incentive rates. The effect of fixed work is to accelerate the loosening or tightening of rates if the production task is over-achieved or under-achieved, and of increasing the loosening of rates loosely set and the tightening of rates tightly set. This gearing of mine contract rates is the reason why changes in conditions, materials, equipment, or methods will change the incentive earnings to a greater degree than would normally be expected. Obviously, therefore, care should be taken in the setting of the task for incentive rates as the gearing makes an inequitable rate even more inequitable.

Jan 1, 1958

By Hongpu Kang

The fully mechanized top coal caving mining method has been the main mining approach for thick coal seams with high output and efficiency in Chinese coal mines. The gateroads for the top coal caving mining faces should be driven along the floor of the thick coal seam with a part of the seam as roof. The support of the gateroads is commonly difficult because of the low strength and broken structures of the coal seams, and the increasingly large section of gateroads meeting the need of greater and greater face coal output. Based on the analyses on the geomechanics properties and production conditions of the top coal caving mining, the influences of the top coal caving mining parameters on the stability of gateroads, including mining thickness and face length, are studied. The deformation and damage features of the rock mass surrounding the gateroads with the top coal seam as roof are investigated, the interaction of the support with the surrounding rock mass, the support theory are studied. The bolting design method and criteria, bolting forms and parameters for the gateroads with the top coal as roof are put forward. The rock bolting components, including bolt bars, face plates, cable tendons, meshes, and steel straps, are introduced. Finally, the gateroad bolting effects are evaluated through a typical case study on the basis of field monitoring data, such as the displacement of surrounding rock mass and the forces along bolts and cables.

Aug 1, 2013

By H. R. Taylor

The history and development of this property is more or less familiar to nearly everyone connected with the mining industry, so that only a brief outline of the more important facts will be given in this article. In 1916, a small pilot mill was constructed by the British Columbia Copper Company at Copper Mountain, and during 1916 and 1917 test work was conducted to determine the possibility of concentrating the ore and also to work out a suitable flow-sheet. In the spring of 1917, the location of a mill site at Allen by, which is about 8,% miles from Copper Mountain, and near the Similkameen river, was decided on, and the designing of a 2,000-ton plant was then worked out by Bradley, Bruff and Labarthe. Early in 1918, the actual construction of the concentrator began, and, after considerable labour difficulties, it was completed in 1920. During this period of construction, the West Kootenay Power Company ran a 60,000-volt power line over from Greenwood, a distance of 102 miles, and also built a sub-station at Allenby to take care of the mine and mill. The concentrator was started up on October 20th, 1920, and ran until December 11th, 1920, a total of 18,354 tons of ore being milled. The results of this short period of operation were encouraging, but, due to tlie prevailing low price of copper and high wages, it was necessary to shut down until a more favourable time. During the latter half of 1923, some work was done on remodelling the mill. This work continued until January 8th, 1924, when it was suspended.

Jan 1, 1929

By N. Torres, G. Melcher

"An alternative to building new copper smelters, because of either stringent environmental regulations or in order to expand current plant capacity, could be achieved through the retrofitting of old reverberatory furnaces by making use of tonnage oxygen. The CONTOP® technology offers unique advantages over other techniques for this purpose, especially regarding substantial reduction in bath, capital and operating costs. This is possible to achieve since the reverb throughput could be largely increased with no major structural modifications to the furnace.The following options are offered to the smelter operators: dirty concentrates can be treated in an adjacent Contop system, or the cyclones can be mounted on the reverb roof for either dual operation or full Contop operation. ln the tatter case the furnace will be used as a settling chamber and f or slag c1eaning by top blowing with reducing gases.By incorporating Contop technology, the furnace throughput can be increased, higher malle grade, fixation of sulphur from furnace off-gas and substantial savings in energy consumption are possible to attain.IntroductionCopper smelting has been revolutionized during the last quarter century to such an extent that the standard type of plants consisting o f roasters and reverb furnaces seem a thing of the past, or almost. Though the building of new, more energy efficient smelters is a very likely opportunity for a grassroots plant, it would be hardly justifiable to replace an old existing plant unless there are heavy environmental or economic constraints(1,2,3)."

Jan 1, 1984

By PETER O. SANDVIK

The Cargill deposit, located 32 km south west of Kapuskasing, Ontario, was discovered by International Minerals and Chemical Corporation in 1975 and has been evaluated through an extensive program of drilling, chemical analyses, metallurgical tests and engineering and economic studies. The Cargill alkalic complex, comprising mainly carbonatite and pyroxenite-amphibolite rocks, was intruded into the rift system of the Kapuskasing magnetic-gravity high. Weathering and leaching under assumed temperate to cool climatic conditions plus faulting, shearing and/ or initial petrographic variations within the carbonatite developed a small, locally confined karst system. This resulted in a thick enriched leached carbonatite zone capped by troughs and sinks, and filled with a residuum of apatite, goethite, clay and other minerals. Residuum thickness ranges from nonexistent on ridges to 170 m in troughs and sinks. Apatite values are 5 to 15% in fresh carbonatite, 20 to 40% in leached carbonatite and 20 to 98% in residuum. A tentative open-pit mine designed for preliminary feasibility studies is estimated to contain 62.5 million tonnes averaging 19.6% P20 5.

Jan 1, 1984

By D. W. Smith, J. J. Koskinen, T. A. Enwald, M. E. Ball

"A full-scale demonstration unit of Tampella's LIFAC desulphurization process was tested at SaskPower's Poplar River Power Station Unit No. I. The test program included a series of parametric tests, followed by a 1500 hour operational evaluation. This paper summarizes the results of the test program, and SaskPower's economic evaluation which led to selection of the LlFAC process for SaskPower's 300 MW Shand power station. IntroductionOne of the major influences on the coal mining industry today is public and legislative response to acid rain. When sulphur-bearing fuels such as coal are burned, the sulphur oxidizes to sulphur dioxid e (S00 which, if uncontrolled, enters the atmosphere as one of the by-products of combustion. S02 then combines with water in the air to form an acid and acid rain results. Combustion also produces nitrogen oxides (N0J which can combine with water in the air forming nitrogen based acid , also contributing to acid rain.Acid rain has become a significant international concern. Newspapers have reported on dying forests, dead lakes and crumbling statues. Papers also include articles professing that the physical results of acid rain are vastly overstated. In the United States, a IO-year, Y2-billion dollar study called the National Acid Precipitation Assessment Program (NAPAP) was commissioned to evaluate the effects of acid rain. Even this extensive scientific study did not resolve the controversy. Despite disagreement over the quantitative effects of acid rain, there is no doubt that public concern over the issue is widespread and deeply felt.In response to this concern, legislators throughout the world have reacted with programs that restrict the emission s o f SO, and NO,. To industries involved in the supply and use of coal, the impact of these legislative programs has been extensive. United States power plants will be spending 10 billion dollars in the next decade for flue gas clean-up equipment. Even all this new equipment will not stem the tide of change to low sulphur coals and to “clean “natural gas. The following summarizes legislative actions taken for Canada and the United States."

Jan 1, 1993

By W. Abdellah

Underground mine developments, such as haulage drifts and cross cuts, play a vital role in providing access to ore extraction areas for mine production. The stability of mine developments is thus of crucial importance during the life of a mine plan. Many Canadian mines use longhole mining methods or one of its variants. These methods require access to the orebody through mine developments such as haulage drifts and cross cuts on multiple levels. This paper examines the stability of mine development access intersections with respect to the planned mining sequence. A case study, the #1 Shear East orebody at Vale?s Garson Mine in Sudbury, Ontario, is presented. A three-dimensional, elastoplastic, finite difference model (FLAC 3D) was created for a development intersection situated 1.5 km below ground surface. The stability, or performance of the intersection, is evaluated in terms of the strength-to-stress ratio. The ratio threshold is set at 1.4 for temporary openings. Unsatisfactory performance is defined as a strength-to-stress ratio less than this threshold value. The performance of the intersection stability is evaluated at various modelled mining stages and the probabilistic method of analysis is then invoked to study the probability of unsatisfactory performance of the intersection. The results are presented and categorized with respect to probability, instability, and mining stage.

Aug 1, 2013

By P. M. Tyroler, W. J. Thoburn, M. R. Alberty

"An initial test of this unique application demonstrated that hot gunned refractory would adhere satisfactorily. Subsequently, it was found that the proportion of material sticking during application increased with increased vessel temperature and when a mix containing pitch was used. About 75 per cent of the latter type adhered when it was applied at 1600°C.TBRC availability increased from an historical average of 62.5 per cent to 64.7 per cent during four campaigns when hot gunning was routinely practiced. Refractory cost was about 20 per cent less than that anticipated without gunning. Average parameters per campaign with gunning ranged as follows: 90 to 108 heats, 10 to 37 applications and 1.4 to 2. 7 hours per application. Prior to gunning, the average number of heats per campaign was 73.IntroductionThe Top Blown Rotary Converter process at Inco's Copper Cliff Nickel Refinery converts copper-nickel-sulphur concentrates to a material suitable for carbonyl refining (1),(2).Operating conditions are particularly hard on refractory. Batch cycles finish at temperatures up to 1650°C, with occasional excursions over 1700°C. New heats are then usually initiated immediately and the refractory is subjected to intense thermal shock from the cold feed. Temperature cycles are also introduced three to four times during a heat when the process is interrupted for scrap charging, temperature measurement or sampling.Abrasion wear results from rotation of the converters at speeds up to 15 RPM and from agitation of the bath with supersonic-velocity oxygen. Mechanical damage also occurs when chunks of scrap or solid matte are processed. Chemical corrosion is also present, as we know from our own laboratory work(2) and reports of operations elsewhere. As a consequence, refractory material and installation form a very large proportion of the converter plant costs. Equally important is the loss of converter availability during rebricking; this significantly reduces plant capacity."

Jan 1, 1981

By Y. M. Shneerson, V. M/ Shpaer, E. E. Zhmarin, A. Y. Lapin, E. M. Vigdorchik

This paper describes studies of zinc concentrate oxidizing pressure leaching using the method of mathematical modeling. The concept of a kinetic function was taken as a basis for mathematical modeling of the leaching process. The kinetic function describes dependence of the unreacted component share OJ on the relative time x (the relative time is the ratio of the test duration and the time of complete dissolution). This kinetic function is determined in accordance with the results of batch laboratory tests. The laboratory tests have been carried out on zinc concentrate produced from Kazakhstan zinc-copper ores. Zinc concentrate consisted mainly of three types of minerals: sphalerite (70%), pyrite (13%) and chalcopyrite (10%). Oxidation reactions of sphalerite, pyrite and chalcopyrite have been considered as principal ones. The kinetic characteristics of the process (kinetic function, reaction order, activation energy, duration of complete dissolution of the concentrate components) have been calculated in the course of laboratory tests. The mathematical model was used for estimation of the main technological leaching process parameters (such as process rate, degree of metals extraction, autoclave capacity, heat balance, etc.). Mathematical modeling based on the kinetic function concept allows safe designing of metallurgical equipment and scaling the technology to industrial capacity.

Jan 1, 2004

There are many inherent risks in creating a mine plan for a new ore zone in an underground mine; one of such risks is the redistribution of stresses that could be a cause of instability. Using numerical modelling tools, it is possible to model the planned stope extraction sequence and evaluate the influence of mining induced stresses on the stability of remnant pillars, and use this information to remedy potential setbacks. This paper demonstrates this approach through a case study of the short-term mine plan of the Lapa mine of Agnico Eagle Mines Ltd., an underground gold mining operation near Val d?Or. Three-dimensional boundary element modelling is used to compute the stresses induced by the stope extraction sequence as planned with a longitudinal retreat mining method. The proposed methodology can be generalized to other mines that require an understanding of the stress concentrations at the pre-feasibility stage of mine design.

May 1, 2009

By N. Erarslan, M. Ghamgosar

The size of rock fragments depends on the nature of the loading applied the strength of the minerals and the texture of the rock. Research in the literature demonstrates that there is a distinct difference in the rock fracturing process for static and cyclic loading. The tensile strength of brittle rocks is also one of the most significant parameters influencing the rock fracturing process and the propagation of micro-fractures on the crushing, blasting and cutting of rock. The Brazilian indirect tensile test, one of the methods approved by the International Society for Rock Mechanics (ISRM), has been used to determine rock fracture behaviour under different cyclic loading modes. In this study, the dimensions of Brisbane Tuff specimens have been selected according to the method outlined by the ISRM. The main aim of this study is to evaluate the effect of cyclic loading amplitude and frequency on the Fracture Process Zone (FPZ) at the micro-, meso- and macro-scales. The post-failure behaviour of the Brisbane Tuff specimens was obtained under cyclic loading with frequencies varied from 1 to 10 Hz. The amplitude was varied from 10% of Ultimate Tensile Strength (UTS) up to 80% UTS. Laboratory investigations of rock fragment size revealed that different loading frequencies and amplitudes produce different FPZ dimensions. Multivariate Analysis of Variance (MANOVA) results demonstrated that the FPZ dimension is relatively sensitive to the frequency change. Fragment size analysis showed that the FPZ is a consequence of the initiation, propagation and coalescence of micro-fractures and depends on the nature of the loading. Laboratory evidence showed that the FPZ dimension, for the cyclic tests performed on Brisbane tuff, is ranged from 0.07 to 20 mm. The achievement of this study highlights a key finding in the understanding of fracture patterns and propagation models in the FPZ under cyclic loading, which is the dominate mechanical action in the oscillator disc cutter (ODC).

Jan 1, 2015

By M. B. Kime

"Discrete-element method (DEM) modelling is a powerful tool for studying particulate systems within the mineral processing industry. DEM simulations were conducted to investigate the power draw, load behaviour, and impact energy profile of an experimental ball mill under different milling conditions. The variables considered were mill rotational speed (percent critical speed), ball size, and lifter face angle. The simulation results indicated that the grinding efficiency would be enhanced by using 80% critical speed, 30 mm ball diameter, and 45° lifter face angle. These findings can be useful in guiding actual ball milling tests involving an ore sample.RÉSUMÉ La modélisation par méthode des éléments distincts (MED) est un outil puissant qui permet d’étudier les systèmes particulaires au sein de l’industrie de traitement des minerais. Des simulations par MED ont été menées de façon à étudier le profil de la consommation énergétique, du comportement de la charge et de l’énergie de rupture d’un broyeur à boulets expérimental dans diverses conditions de broyage. Parmi les variables prises en compte figuraient la vitesse de rotation du broyeur (vitesse critique en pourcentage), la taille des boulets et l’angle de coupe de la cornière élévatrice. D’après les résultats de la simulation, on pourrait améliorer l’efficacité de broyage en utilisant une vitesse critique de 80 %, un diamètre de boulet de 30 mm et un angle de coupe de 45 ° de la cornière élévatrice. Ces résultats peuvent se révéler utiles pour les essais concrets de broyage à boulets impliquant un échantillon de minerai."

Jan 1, 2017

By A. Gourlie

"This paper describes the performance properties of a new 95 ksi minimum yield strength, oil well casing grade designed specifically to resist hydrogen sulphide stress corrosion cracking, SSCc. The new grade, Soo-95SS, demonstrates NACE Tensile threshold values greater than 90% specified minimum yield strength, SMYS, and NACE Bent Beam values in excess of 12.7 x 1()4 psi. The new Soo-9588 grade also exhibits superior collapse and notch toughness values. IntroductionIn recent years, a trend toward casing grade specialization has resulted in the introduction of numerous proprietary grades designed specifically for particular production environments, In response, Algoma Steel has developed, as part of a "" grade for service"" philosophy, two new 95 ksi minimum yield grades. The two grades are Soo-95, High Collapse (HC), and Sour Service (SS). This paper describes the development of Soo-95 Sour Service.Four main objectives were established:1. Definition of the steelmaking and continuous cast processing practices2. Determination of the acceptable maximum and minimum levels for all chemical elements3. Definition of special processing requirements4. Definition of the physical characteristics and ranges of the product properties.This paper provides a description of the experimental approach, followed by a presentation and discussion of the trial results . Finally, a number of conclusions are given."

Jan 1, 1988

By C. R. Lattanzi, M. J. Davie, L. D. Smith, J. R. Goode

"The feasibility study determines the technical and economic viability of a project at the level of accuracy required by the owner to make an investment decision. The economic analysis usually includes calculation of the discounted cash flow. Key components of the cash flow include the project capital cost, the operating costs, construction schedule, production rate, product prices and financial details.This paper examines the feasibility study for a typical mining project. The paper discusses acceptable methods for the determination of the geological and mineable are reserves. The prerequisites for the development of suitable designs, and the calculation of capital and operating costs for the mine, processing plant, and infrastructure are reviewed. Important features of the cash flow analysis and its interpretation are presented.IntroductionThe commercial development of a mineral deposit invariably requires the investment of capital in preparing the deposit for production. It has always been necessary, therefore, to demonstrate to the investor of capital that production of a saleable commodity is both technically feasible and economically viable. The instrument typically used to make these determinations is the feasibility study .Traditionally, mining companies have been rather conservative in their approach to financial management. Until about thirty years ago, the capital required to develop a new mine was most frequently provided by internal corporate cash now and virtually all of the necessary technical and economic studies were performed 'in house'. Under these circumstances, there was little standardization as to what constituted an acceptable feasibility study, and even less as to what constituted an acceptable measure of economic viability."

Jan 1, 1991