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By S. R. Gilbert, C. O. Bounds, R. R. Ice

"Many ores are upgraded to produce auriferous sulphide concentrates (principally pyrite) which are not amenable to direct cyanidation. Often these refractory gold-bearing concentrates contain undesirable elements such as arsenic, antimony, etc., which present environmental and/or processing problems. The pretreatment techniques most often considered for processing these concentrates prior to cyanidation include roasting, pressure oxidation, chemical oxidation, pre-aeration, and recently, bacterial oxidation. In this paper, the technical performance and economics of bacterial pre-oxidation vs the classical roasting approach for treating a specific auriferous pyrite concentrate are compared. The results provide flow sheets, preliminary operating and capital cost estimates, and rates of return for the two processes and demonstrate the potential advantages of bacterial pre-oxidation. IntroductionThe increased attention that gold has received in the last ten years has prompted mining companies to look for lower grade orebodies. Many of these low-grade ores do not respond well to conventional direct cyanidation recovery techniques. As free-milling ores decline, gold is sought in refractory environments which, ultimately, drive up the treatment costs.There are a number of reasons for a gold ore to be termed refractory, most of which can be identified by thorough mineralogical examination. The mineralogical occurrence of gold can, to a great extent, impact the method by which the ore is treated and, consequently, the capital and operating costs. Gold in a refractory ore can often occur as discrete particles locked in a host of silicate or carbonate gangue, or associated with sulphides or sulphosalts. Depending on its particle size, gold can be liberated and recovered by mechanical size reduction such as regrinding. This approach is most effective for gold in the 10 - 50 micron range. Gold can also be associated with clay, iron hydroxides, or other minerals which tend to coat the gold surface and inhibit the penetration of the cyanide solution, resulting in poor plant recovery. Because of their resistance to cyanide dissolution, gold tellurides and other refractory gold minerals are also responsible for losses to the tailings. For these reasons, it is paramount that the mineralogical occurrence of the gold be thoroughly and accurately determined before selecting a final process flowsheet."

Jan 1, 1988

By Nilce Alves Santos, Vânia Lúcia de Lima Andrade, Keila Lane Carvalho Gonçalves, Harold Wyslouzi1

"When confronted with the difficult decisions on advancing an exploration project to the feasibility and construction stages, it is important to know how various regions of the ore body will react in the milling and concentration processes. While bench scale test work is common and inexpensive, the results and information provided are somewhat limited due to the difficulty in accurately predicting the effects of recirculating middling streams or gradual changes in solution chemistry.Conventional Pilot Plants, processing 100 to 1,000 kg/hour of sample ore, provide the detailed engineering data required to develop a final process flowsheet and to size the equipment. They are, however, expensive to set-up and operate, and are really only viable for major projects that are well advancedIn the latter part of 1999, the Mineral Development Center at CVRD (MDC) purchased a new piece of mineral processing equipment which can run continuous flotation tests using drill core samples. To evaluate its performance, and to compare it with conventional testing methods, various types of flotation tests were carried out using two different types of copper ore. The limitations and advantages of open circuit and locked cycle bench tests, as well as the Mini Pilot Plant and the Conventional Pilot Plant were evaluated.Open circuit tests carried out at the bench scale only provide basic information. More complete and trustworthy information is obtained, in terms of the recirculation of flows and reaching a permanent and stable flotation regime, as the dynamics and complexity of the tests increases. The data obtained showed that the MPP’s metallurgical performance was equivalent to that of a conventional pilot plant."

Jan 1, 2002

By P. P. Andrieux

The recovery of the Zone G crown pillar, located between the bottom of the open pit and the top of the underground workings at the Raglan Katinniq Mine in Nunavik, started in the summer of 2008 and should be completed by the end of 2009. This article describes the rock mechanics-based approach implemented to design the recovery of this valuable block of ore. The stereophotography-based ShapeMetriX3D technique was first used to provide a comprehensive assessment of the various joint sets that comprised the pillar. Then, the statistical distributions obtained for the dip, dip direction, spacing and persistence of these sets were used in conjunction with the geometry of the large-scale faults present in the area to build and run a series of explicit rigid numerical models. Each of these models had a slightly different jointing geometry, randomly constructed from these statistical distributions. Incorporating in a properly formulated numerical model the variability of some of the input parameters has allowed the engineering team to assess in a rational and reliable manner the likelihood of success of the proposed mining method and sequence.

May 1, 2009

By Margaret Anne Stephenson

While the concepts of Aboriginal title share a similar jurisprudence in both Australia and Canada resource development regimes on Aboriginal title lands differ significantly. In Australia, the process is the right to negotiate with mining proponents. In Canada, the process is the duty to consult with government regarding mining projects. This paper compares and assesses the processes for ?consultation and negotiation? with Indigenous peoples when development actions (particularly in the context of mining resource development) impact Indigenous property rights and how agreement making can be progressed. This paper will question whether the resource development processes afford Indigenous people?s property rights full respect when mining developments on Indigenous lands are proposed.

Aug 1, 2013

Improved Process & Practices Result In: ? Reduction of undesirable downtime, & expensive secondary damage ? Improved equipment performance & health ? Extension of equipment life, & reduction of operating costs ? Safety and environmental performance improvement Equipment knowledge capture and consistently applied

May 1, 2010

By Keith R. Vining

Solid fuel, usually coke or anthracite, is commonly added to ground iron ore fines in the pelletising process to reduce the amount of burner fuel required and the maximum firing temperature, while maintaining pellet strength and the productivity of the pelletising plant. However, the use of coke and coal contribute to the production of greenhouse gases (eg carbon dioxide) and are a source of NOx and SOx emissions. Utilising wood biomass / wood char is one methodology CSIRO Minerals is investigating as an alternative to coke and coal, as it is a renewable energy source that is very reactive, has a low ash content and the potential to reduce emissions of greenhouse gases from the iron and steel-making process. Previous work has established that charcoal can effectively replace coke in the sintering process (Lovel et al, 2005), and the following experimental work aims to demonstrate that it can also provide an adequate replacement for coke and coal in the pelletising process. The paper presents the results of an experimental testwork program comparing the behaviour of fired pellets containing traditional solid fuels and charcoal. The physical properties of the pellets are compared in terms of their compressive strength, tumble and abrasion indices and the reduction properties. A qualitative assessment of the pellet microstructures is also presented.

May 1, 2007

By Jeffrey L. Pagnutti

Train derailment can lead to loss of capital, damage to the environment, and loss of life. Machinery condition monitoring techniques can be used to develop a structural health monitoring system for railway track to detect faults at the incipient stage, before catastrophic failure occurs. This study uses vibration measurements from a novel material haulage unit to develop a decision support system for railway track maintenance. A variety of feature sets and classifiers were compared to determine the optimal configuration for fault detection. The results highlight the shortcomings and advantages of certain methods and describe the process in which the optimal result was obtained. The Parzen data descriptor paired with a refined statistical feature set performed the task of fault detection with less than five percent false positive and false negative classification error. Overall, the outcome of these experiments indicated that condition monitoring of railway systems is a promising approach for fault detection and has the potential to avoid catastrophic failure.

May 1, 2013

By R. H. Colquhoun

"INTRODUCTION The Holt-McDermott Mine is wholly-owned gold mining operation of American Barrick Resources Corp. that begun operations in June 1988.The property is located 0.5 km. south of Highway 101 East in the Harker-Holloway Townships of Northeastern Ontario, 7 miles south of Lake Abitibi and 15 miles west of the Quebec-Ontario border.Employees of the operation travel daily from various communities in the area, predominantly from Kirkland Lake, Ont., which is located 65 km. to the southwest.The significance of the operation is that it is the first full scale operation associated to the Oestor-Porcupine Fault to go into full production in recent history as well as the first Carbon-in-Leach (CIL) operation in the province owing to the natural occurring carbonaceous ores that are associated to the ore body and the geological fault systems.GEOLOGYThe Holt-McDermott deposit is located in the Abitibi Greenstone Belt, a short distance west of the Ontario-Quebec border. Ore grade material follows the footwall contact of a fault zone known locally as the McKenna Fault, which is thought to be a splay off of the Oestor-Porcupine Fault, itself a major feature in the Abitibi belt.The McKenna Fault strikes approximately east-west (as does the Oestor-Porcupine) and dips to the south at sixty-five to seventy degrees. The fault lies within a package of mafic volcanic rocks (basalts). These rocks have been strongly altered and mineralized adjacent to the McKenna Fault, and the resulting lens-like ore bodies constitute the mining targets."

Jan 1, 1989

By Jon R. Maki

"EVTAC, an iron ore mine in Minnesota, had trouble meeting the customer’s pellet silica requirements. In addition, the mine plan was moving towards a lower grade ore and funding was not available for plant improvements to compensate for the change in ore or improving quality. Small changes to optimize various processing equipment resulted in significant improvements in both quality and productivity; for example, productivity on one mill line increased by 10% while producing lower silica concentrate. This paper will provide the methodology that allowed EVTAC to improve quality and productivity through process optimization with little capital investment.INTRODUCTION EVTAC, an iron ore mine in Minnesota, had trouble meeting the customer pellet silica requirements. In addition, the short-term mine plan was changing to a lower ore grade. Because of limited funds, EVTAC did not have the capital for investing in the plant to compensate for the ore change or to make improvements to lower product silica levels. Small changes to optimize process equipment resulted in significant improvements in quality and productivity; for example, one mill line feed rates increased by 10% while also producing a higher quality concentrate. These changes were sufficient enough to allow the mine to lower the target ore grade beyond their initial goal. At one time, a $3M flotation facility was considered as a way to meet quality with the new ore grade. However, the process changes were able to accomplish the same silica reduction with roughly a $50,000 investment in VFDs for sump controls. This paper will discuss some of the modifications that allowed EVTAC to meet the quality and production objectives with little capital investment. It also discusses the methodology used to make these process improvements."

Jan 1, 2014

By Tapio Leskinen

"l. IntroductionA reliable sampling system is the basis for an on-stream analyzer. This was realized in Outokumpu company when the development work of the Courier 300 On-Stream X-ray analysis system was started. Because Outokumpu Oy is a mining and mineral processing company, its engineers have been able to thoroughly test sampler prototypes in actual operating situations. The sampler development has been going for several years in close co-operation between company's concentrators, the Institute of Physics and the Instrument Division of Outokumpu Oy. The most active part of the work was done between 1969- 1972. Besides the reliable operation of a sampler special attention was paid to the representatively of the samples taken by the samplers. 2. The Courier 300 Sampling SystemThe sampling system comprises up to fourteen sampling circuits in one Courier analysis system. Each circuit consists of the following components:1. Primary sampler 2. Secondary sampler 3. Cleaner screen 4. Feeding tank5. Sample cell6. Timer-controlled sampler7. Pumps, sumps and pipesSecondary samplers, cleaner screen and feeding tanks are included in the secondary sct1npling system. The sample cells are located in the spectrometer cabinet of the analyzer."

Jan 1, 1976

By Rayleen Riske

Why do we look for better reconciliation when times get tough? Why wait? Mine reconciliation should be a priority throughout the good times too. In fact, with good reconciliation, those good times are going to be even better and will help pave the way to success through those preventable bad times. Reconciliation throughout the entire mining value chain requires the capture, validation, and analysis of copious amounts of data. This task can be daunting for a team in a small mine, let alone reconciling across a suite of large mines. This paper will outline the different ways we can reconcile across the value chain, why we should reconcile over differing periods of time and how Snowden?s solution to proving reconciliation can be a simpler, reliable and transparent process. Snowden?s Reconcilor is proving to be a valuable tool on any mining scale, by capturing, validating, sorting and reporting data for timely decision making by the site geologist through to corporate management. By instigating vigorous reconciliation, you are setting your mine up for the future. Not only will you have the means to analyse your current processes and measures, but you will have the opportunity to identify and improve your mine?s performance from the resource model through to the final product.

May 1, 2010

By Rosaire Emond

Le concept du forage horizontal a été développé voilà de nombreuses années. Différents types de plate-formes permettant le forage horizontal depuis une cheminée ont été conçus par divers manufacturiers ou opérateurs miniers. Entre autres, on connaît bien la griffe de montage Alimak à laquelle peut être fixée une plat-forme sur laquelle est montée une foreuse. En 1992, Ross-Finlay a développé sa propre plate-forme de forage qui à notre opinion améliore la flexibilité du concept du forage horizontal, en augmente la productivité et en diminue le coût d?ensemble tout en assurant une sécurité accrue des travailleurs. Tel que montré à la figure 1, la plate-forme employée à la Mine Kiena est composée d?un toit de protection contre les chutes d?objets et de deux passerelles de forage de forme carrée. Le toit et les passerelles sont fixées à une structure de 6.5 m de longueur équipée de deux assemblages de rouleaux (non montrés à la figure) permettant de faire glisser l?ensemble sur des rails Alimak. L?angle du toit et des passerelles peut être ajusté pour des cheminées dont le pendage varie de 65 degrés à 85 degrés.

Oct 1, 2001

By J. Ling, L. Racine, P. Cousin, A. R. Laplante

"The problem of gold recovery by gravity from high density gangues is first discussed from a fundamental perspective. Three potential difficulties are presented: poor liberation and fine gold particle size, concentrate bed erosion by coarse dense particles, and slow percolation of gold particle through the high density gangue bed. Two case studies are presented to illustrate the impact of these three problems on circuit performance and the feasibility of gravity recovery. It is concluded that careful testing can determine the scope of the first problem and feed preparation can limit the extent of the second. The third problem is clearly the most serious and results in lower gravity recoverable gold recoveries than would be achieved with the same recovery effort on a low density gangue application.IntroductionSince the commercialisation of the Knelson Concentrator in 1980, gold gravity recovery has experienced a surge in interest, in Canada and the United States first, then Australia, Zimbabwe and Russia, and finally worldwide. Table I details number of units sold in various countries, which corresponds approximately to their importance as gold producers 1. Exceptions. such as the low rank of South Africa or the importance of Zimbabwe, despite the much higher gold throughput of the former, are generally the result of differences in the effectiveness of the local marketing strategies, as well as a reflection of the ""philosophy of recovery"" prevalent in the country.The impact of the Knelson has not been felt equally in all plants. Typically, a highly successful application falls into the following categories: (a) alluvial or hard rock recovery for which gravity is the sole recovery method, (b) hard-rock free gold milling with ores which have a very high gravity-recoverable gold (GRG) content, (c) low grade sulphide copper-gold ores which include flotation ahead of cyanidation and (d) free-milling gold ores ahead of Other applications can be successful, but are not as common. The ""explosion"" of centrifuge concentration, of which the Knelson is the most successful but by no means the sole model, has created a certain euphoria which can be summarized as ""gravity recovery will improve the profitability of gold milling, no matter what."" This presentation is about applications that are not so successful, or even downright unsuccessful. The rationale is not to down-play gold gravity recovery, but to set it in its rightful position: metallurgically, it is not appropriate all of the times; it can become inappropriate if poorly designed; and it can be metallurgically possible but economically unjustifiable. In this paper, this will be illustrated and explained rather than demonstrated, with the use of both industrial plant surveys and laboratory test work. Alternate gravity approaches will be suggested."

Jan 1, 1997

By Donald Leroux, Dave Scott, Giovanni Di Prisco

"The Lady Loretta lead-zinc deposit in Northwest Queensland, Australia contains an average of 5.9% lead, 17.1% zinc and 97 g/t silver. Ore mineralization is mostly comprised of fairly complex intergrowths of pyrite, sphalerite and galena. Starting in 1998, Noranda Inc., the major joint venture partner of the project, conducted extensive metallurgical test work, which culminated in July - August 2000 in a series of Pilot Plant tests. A common thread to all the metallurgical work has been the deportment of a large portion of silver into non-payable metallurgical products. Average silver distribution from four Pilot Plants shows a distribution of silver in lead concentrate of 28%, whereas silver in zinc concentrate was 49%, and 23% in the final tails.The consistently poor silver recovery as well as the fairly unusual silver distribution, particularly in zinc concentrate, was considered an issue to be thoroughly investigated. A mineralogical plan was devised to determine if these particular metallurgical results were somewhat related to the nature and mode of occurrence of silver carriers. Work was performed to determine discrete silver-bearing minerals and/or silver contained in solid solution in a suite of commonly occurring sulphides. Ore microscopy, SEM methods, Electron Microprobe and Ion Microprobe analyses were all used to answer these questions, and to find the silver carriers, so a metallurgical plan could be devised to improve silver recovery.INTRODUCTIONPotential economic exploitation of the Lady Loretta deposit in Queensland, Australia is driven by revenue derived from zinc and lead flotation concentrates and co-product silver recovery in lead. Relatively low recoveries of payable silver to lead concentrate, and high silver distribution to zinc concentrate necessitated an investigation into the natu"

Jan 1, 2002

By John H. Fowler

"Most of the aggregate used in Nova Scotia is produced from numerous glaciofluvial and ice-contact deposits scattered throughout the province. Production from bedrock sources is increasing, with most of the coarse aggregate used in the Halifax-Dartmouth area coming from quarries operating within the metro area.A recently completed provincial sand and gravel inventory mapping program has identified some ""resource-poor"" areas where comprehensive aggregate evaluation programs are underway. Although some areas of the province are experiencing aggregate supply problems, large volumes are exported to markets as far away as Bermuda.IntroductionThe Nova Scotia Department of Mines and Energy has been involved with aggregate resource studies for several years, although sand, gravel and crushed stone are not designated as minerals under the Mineral Resources Act of Nova Scotia. Our role has been to provide the aggregate industry with resource data as well as provide similar information to governmental agencies involved with municipal planning, water resource studies and environmental protection regulations. Several private consulting firms use the information in many of their site development studies.We became involved with aggregates in a rather roundabout way. Several years ago, an outcry from inhabitants of a small coastal community over the removal of sand and gravel from a local beach moved the provincial Department of Lands and Forests to take action to protect provincial beaches. We were asked by the Department to provide information and to suggest alternative sources here operators extracting sand and gravel from beaches could relocate. This request initiated an aggregate inventory survey in southeastern Cape Breton, which was later extended to cover the entire province. The initial provincial sand z and gravel inventory survey provided a series of 1:50,000 maps showing the distribution of sand and gravel deposits in the province."

Jan 1, 1982

By W. J. Young, K. B. Macneill, C. N. Smith

"A BRIEF HISTORY OF THE MURRAY BROOK MINERAL DEPOSITDuring the mid-1950's intensive exploration activity in northern New Brunswick followed the discovery of the world class Brunswick base metal deposit. Using the prototypes of modern airborne geophysical and geochemical exploration techniques many mineralized areas in the Bathurst-Newcastle area were quickly identified. This base metal - silver camp is situated within the metavolcanic - metasidementary rocks of the Tetagouche Group which forms a roughly circular caldera-chaped voloanio complex of Ordivician age.One of the early results in the exploration history in the camp was the discovery of the Murray Brook Deposit by Kennco Explorations, (Canada) Limited. During routine ground checking of geophysical anomalies, most of which turned out to be graphitic schist, the discovery of some copper bearing float was made by the exploration team. This encouraged the company sufficiently to carry out a regional stream sampling program which lead to a large anomaly associated with a hematitic gossan. Diamond drilling of a weak Slingram anomaly over the gossan zone resulted in the discovery of massive sulphide lenses. This was followed in 1956-7 with an intensive drilling program. The result was the delineation of a potential ore body containing an estimated 23 million tons with an overall grade of 0.44% copper, 0.86% lead, 1.95% zinc, 25.73 g/tonne (0.91 oz/ton) silver, 0.28 g/tonne (0.01 oz/ton) gold. Within this package were higher grade zones of copper and lead-zinc mineralization approaching ore grades.A thick blanket of gossan was present and is reported to have caused the drillers considerable trouble as they attempted to penetrate it to get to the underlying sulphides. The gossan, consisting of iron oxides and silica fragments sits on top of the massive sulphides and attains a remarkable thickness of 45.5 meters (150'). Early work had suggested that the gossan was enriched in gold and silver. If this were the case and if the precious metal could be leached out with cyanide, then mining and recovering those values might be economic.With this in mind Northumberland Mines Limited optioned the property from Kennco in 1985. Preliminary leach tests indicated that indeed the gold in particular leached readily. Subsequent drilling of the gossan (using triple core barrel technology for better recovery of the easily ground core) indicated 1,536,363 tonnes (1,690,000 tons) with an average grade of 1.05 g/tonne (0.037 oz/ton) gold and 42.13 g/tonne"

Jan 1, 1993

By Kym Runge, Emmy Manlapig

"The objective of an industrial flotation circuit is to separate valuable minerals from non-valuable minerals utilising differences in their flotation recovery rate. Regrinding and reagent addition are particle modification processes which are employed within these circuits to maximise the flotation selectivity of one mineral with respect to the others present in the ore feeding the process.Batch test nodal analysis, or the ability to compare floatability through mathematical combination of laboratory batch flotation test results, is a powerful technique for assessing the effectiveness of particle modification processes on ore floatability in industrial flotation circuits.In this paper, the use of nodal analysis is demonstrated within an industrial flotation circuit. It is used to show that regrinding and staged reagent addition within Teck Cominco’s Red Dog zinc retreatment circuit is beneficial to pulp flotation selectivity. Optimisation of these processes could potentially improve the zinc recovery within the circuit. Lime addition, which is periodically employed to depress pyrite in the circuit, was found to depress sphalerite in preference to pyrite and to result in poorer metallurgical performance in the circuit.INTRODUCTIONThe objective of an industrial flotation circuit is to separate valuable minerals from non-valuable minerals utilising differences in their flotation recovery rate.Different minerals can only be effectively separated using flotation if they are sufficiently liberated from each other (i.e. do not co-exist within the same particles) and have a sufficient difference in surface hydrophobicity. Size reduction processes and chemical addition are utilised before and within a flotation circuit to achieve sufficient particle liberation and to maximise differences in mineral hydrophobicity. In effect, the objective of these processes is to maximise the flotation selectivity of one mineral with respect to the others present in the ore feeding the process."

Jan 1, 2004

By Patrick Polk

For many years, sulfuric acid producers all over the world have been forced to meet ever more strict environmental regulations to reduce SO2 emissions. The sulfuric acid industry has implemented new solutions in order to comply with the new lower SO2 emissions target. Haldor Topsoe (Topsoe) has responded to this challenge by continuously improving the range of VK sulfuric acid catalysts and providing tailor-made catalyst solutions to meet the demands of the sulfuric acid producers for lower SO2 emissions. Reducing emissions through catalysis: requires less capital than installing a scrubber, requires no additional process chemicals, generates no waste or by-product to dispose of. In 1996 Topsoe introduced VK69, a cesium-promoted vanadium catalyst, designed for operation in the pass(es) after the intermediate absorption tower in double absorption plants. The high activity of VK69 allows for a more than 50% reduction in SO2 emissions from existing double-absorption plants. Topsoe currently has more than 110 installations of VK69. To comply with the still more stringent regulations being placed on the sulfuric acid industry to lower SO2 emissions, Topsoe has developed a new sulfuric acid catalyst designated VK-701 LEAP5™. This catalyst was introduced to the market in 2010. VK-701 LEAP5™ is based on a novel technology which circumvents the internal transport deficiencies of existing commercial sulfuric acid catalysts and thereby offers exceptionally high activity in strong, SO3 rich gases. Sulfuric acid plants have used this catalyst to meet emissions requirements lower than previously believed possible with a catalyst only solution. This paper will present examples on how to reduce emissions by implementing a tailor-made catalyst solution using VK69 and VK-701 LEAP5™.

Jan 1, 2014

By Jay F. Colinet

Researchers at the Pittsburgh Research Laboratory (PRL) of the National Institute for Occupational Safety and Health (NIOSH) work to reduce respirable dust exposures in mining operations. One focus of this research is silica dust control for surface and underground operations in the metal/nonmetal mining industry. PRL researchers analyze dust sampling results from the Mine Safety and Health Administration (MSHA) to identify high-risk occupations to guide research efforts. Research is then conducted in an effort to improve existing technologies and/or develop new controls for reducing worker exposure to airborne silica dust. During the last few years, PRL researchers have conducted research related to the following goals: improving protection provided by enclosed cabs on mobile surface mining equipment, reducing dust generation from surface drills, reducing dust levels in iron ore operations, and developing a new method to clean dust from workers? soiled clothes. A description of each of these controls and subsequent dust reductions quantified through site surveys will be provided.

May 1, 2007

By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments. A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including respectable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects. Reflecting the observation of a wide range of views regarding the subject of inflation, this paper will-address the impact of five different approaches to inflation on the evaluation of a single Canadian mining project."

Jan 1, 1987