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By K. P. Wright

"Twenty-five years ago, there were about thirty-two gold mines operating in Canada; nine of these have been in continuous operation since then and are still operating. Three of these are part of the Dome Group. Operations of these three and of the newer mines in the Group are referred to in discussing process development over the last twenty-five years.Of the Dome Mines Group, Dome Mines Limited, Sigma Mines (Quebec) Limited, Campbell Red Lake Mines Limited, Detour Lake Mine and Kiena Gold Mines Limited, three have been in continuous operation for the last twenty-five years. Dome has operated for seventy-seven years; Sigma about to complete fifty years, and Campbell approaching forty. Overall, milling processes are virtually the same as they were twenty-five years ago. Tota1 go1d production from the three mines has hardly changed; 1960 production, 416,700 ozs. versus 411,300 in 1985. Milling costs have risen by a factor of six or seven and gold price from $35/oz. in 1960 to $322 in 1985.Basic flowsheets are relatively unchanged. Sigma is an all cyanidation mill grinding in cyanide solution; Dome operates gravity concentration and cyanidation; Campbell gravity concentration, flotation, roasting and cyanidation. All three use Merrill-Crowe zinc precipitation.Detour and Kiena are two examples of the major change in gold processing in the last twenty-five years - carbon-in-pulp. This process has brought along with it other changes, such as, carbon stripping and reactivation, electrowinning, and induction furnace melting. Modern mill design with its use of outside thickeners and agitators, bulk handling of reagents, instrumentation, etc., has made a radical change in operating conditions and appearance of the new plants."

Jan 1, 1987

By Bern Klein, Randy Blaskovich, Reem Roufail

"Morphology is a tool that is rarely used for mineral breakage mechanism evaluation. Ground particles are typically assessed for their size distribution. They are also visually analyzed using image analysis. However, image analysis is not a comprehensive evaluation of the particle surface texture. It evaluates particle’s size parameters such as area, diameter, and perimeter amongst other features. On the other hand, morphology analysis takes the particle assessment to another level of detail. Morphology analysis evaluates particles’ roundness, elongation and angularity that would indicate the degree of roughness of the particle. According to Roufail and Klein (2009), rougher surfaces are generated due to breakage along grain boundaries – intergranular breakage. Mill operation, particularly mill speed, dictates the dynamics in the mill. Stirred mills are known to break the particles via abrasion under standard operation. However, if the dynamics of the grinding media in the mill are changed, the particles could be more exposed to impact and compression loading that would lead to a different mode of breakage.In this paper, the effect of material properties and mill operating conditions on particle morphology will be studied. Hard non-sulfide versus soft sulfide minerals are compared, namely quartz and galena, respectively. Extreme mill speeds are tested covering the range of 1000 to 2000 rpm for a 4-litre Netzsch (ISA) mill. In addition to particle size distribution, micro-analysis is executed in the form of morphological analysis using a tested manual roughness point counting technique.INTRODUCTIONGrinding in general and stirred milling in particular are processes that are used to break particles to liberate metal-bearing minerals for further separation downstream. The energy required to achieve the target particle size versus maximum possible liberation has been studied intensively and it is usually the breaking point for the grinding system chosen in a process flowsheet. Operating conditions are dictated by the energy consumption. Becker et al. (2001) related different forms of energy such as input, specific, volume/mass specific energies to stress intensities and final product fineness. Other research studies focused on energy input in a stirred mill (Zheng, Harris and Somasundaran, 1996)."

Jan 1, 2011

By Vu Van Dong

Resource estimation is the science of determining the amount and quality of a given material in the ground that has the potential to be mined at a profit. This is because during this time computers have become more widely available and more powerful and software packages have become more comprehensive and user friendly. Over the past three years The Mining Geology Company with the support from Vinacomin Group has developed the Coal Geological Modelling and Reserve Estimation ? VMG system. The VMG system enables the geological and mining engineer to start at the reserve estimation for the mine design and planning. The VMG system enables the national and international standards (NI43-101, CIM-Canada; SAMREC Code, Africa, and JORC Code, Australia) and user friendly with menu driven thereby permitting the engineer with minimal computer training to rapidly learn and utilize the system. Geological and mining data input through digitized map files and drill-holes information files stored in the database that is an integral part of the VMG system with the main function for collection, validation, and recording, storing and processing of data will include both ?primary? (observation and measurement) and ?interpreted? data. It is recommend that data be stored digitally, using a documented, standard format and a reliable storage medium that allows for easy and complete retrieval of the data. The coal reserve estimation through standard polygon methods with the increased use of these mathematical techniques (geometrical modelling, geostatistical method, least square method, ?) over the last ten years corresponds, to some degree, to a decrease in both the amount of the coal deposit mapping and, in particular, coal seam structural interpretation and modelling, and permit rapidly evaluation of coal seam and overburden quality and quantity. The understanding of the relationship between the coal mineralization of interest and the likely related complicate geological processes and structure that govern its emplacement and geometry within the geological framework is essential to the establishment of the geological controls for coal mineralization. System outputs includes: drillholes summary reports, stratigraphy, cross-sections, isopach maps, structure, contour maps, premining and post mining topography maps, and 3D perspective view on coal seam structure.

Oct 1, 2009

By Ted J. Williams

Underhand cut and fill mining methods are used at the Lucky Friday, Stillwater, and Galena mines in the western US in an effort to safely mine in difficult ground conditions and as a primary mining method where access below the ore is limited. The method has evolved at each mine to meet the unique situations associated with their milling procedure and mine layout. Details of the operational aspects of the backfilling and mining cycles at each mine are presented in this paper, accompanied by a summary of the mechanical properties of the backfill and its in-situ geomechanical behavior.

May 1, 2007

By Les Johnston

_ BACKGROUND - About EPCOR - Genesee Generating Station - Phase 3 Expansion _ TECHNOLOGY SELECTION - Selection Criteria - Combustion Options - Flue Gas Emission Control Options _ STAKEHOLDER VIEWS _ PROJECT STATUS _ EPCOR is an integrated utility company for water, gas, electricity and technology services. _ EPCOR has about 1.6 million customers in Alberta, Ontario, Manitoba, BC, and the U.S. Pacific Northwest. _ EPCOR Generation Inc. operates three power stations in Alberta which were in operation before deregulation, including the coal-fired Genesee Generating Station. _ EPCOR Power Development Corporation owns generating stations in Alberta, BC and Washington State and will be building the Genesee Phase 3 expansion.

May 1, 2002

By R. J. C. MacDonald

"The first recorded discovery of placer gold in Canada was on the Chaudiere River in Quebec's eastern townships in 1832 and the first major production came from placer deposits in British Columbia in 1858 (Verity 1974). Placer deposits were the major source of gold until the late 1890's, although lode deposits were found in Nova Scotia in 1862. In 1896 the Klondike Gold Rush commenced with the discovery of gold by Henderson and Carmack in the Yukon. The peak was reached in 1900 when over one million ounces of gold valued at approximately $22.3 million were recovered. With the exhaustion of the easily accessible deposits, more capital intensive operations were necessary such as those initiated in 1906 by the Yukon Gold Corporation. This giant dredging operation continued to produce until 1966. Today only a few small operations remain.The development of Canadian lode gold mining began in earnest around 1900 when the railroads were opening up the interior and western part of the country. At this time many discoveries occurred, particularly where mineral outcroppings were near surface. Tremendous impetus for exploration and the reopening of former producers followed the elimination of the gold standard by Great Britain around 1931, and more importantly the United States in 1933, with subsequent stabilization of the price of gold at $35 per ounce in 1934. Prior to this the price of gold was basically unchanged since 1717, approximately, $20 per ounce (Verity, 1974; Green, 1973).The depression of the 1930s adversely affected most industries, however for the gold producers it was a very profitable time. Prices of materials and equipment declined and labour was cheap and plentiful. Interest in gold mining was further stimulated in 1936 when a three year tax exemption was declared for all new metal mines. In 1938 a decline in the value of the Canadian dollar relative to the U.S. dollar benefitted the industry. The second world war provided yet again further incentive for gold production and in 1941 Canadian gold production reached a high of approximately 5.4 million ounces. This figure was not surpassed until 1991 when approximately 5.6 million ounces were produced (Natural Resources Canada, 1996 )."

Jan 1, 1998

A series of fault slip seismic events have occurred at Garson mine. The events have occurred during development advancement exposing faults, after the extraction of single stopes due to mining induced stress change, and due to time effects after delays of many days during which no mining had been conducted. This paper discusses the study completed consisting of a global or holistic approach aimed at mitigating some of the risks associated with the structurally controlled rockbursts at Garson. Background Garson mine is located in the south east area of the Sudbury Basin (Ontario, Canada). Mining occurs in two main ore bodies (the #1 Shear and the #4 Shear) which are copper-nickel-sulphide and occur within shear zones that (as well as the ore bodies) strike approximately east-west and dip steeply south. From the north (footwall), lithologies progress (Figure 1a) from norite (NR), to greenstone (GS), and finally to meta-sediment (MTSD). A generally WNW-ESE striking, bifurcated sub-vertical dyke of olivine diabase (OLDI) cuts the series. The current active mining block at Garson is between 4700L and 5100L (levels denote depth in feet below surface).

May 1, 2009

By S. H. Ash

Introduction Probably the newest thing in mining safety is the apparent dissatisfaction on the part of the mineral industry, as represented by both management and labour, and the general public of many nations in which mining is conducted, with the safety record of the mining industry. This is reflected by published comments in the technical press;' in labour periodicals, in popular Journals and periodicals, and in the daily press (5, 11). Despite what may be said to the contrary, mining in the United States is becoming safer, and this trend has been evident for several years (see Figures 1 to 4). Because the author's experience has been mostly in the United States this paper will discuss briefly some recent observations in the United States that have a bearing on mining safety. Because coal mining is of primary interest to the Mining Society of Nova Scotia, the paper treats mostly of coal-mining safety; however, many hazards in mining .are common to all mines, regardless of the minerals mined.

Jan 1, 1950

By Patrik Ericsson

During the 90?s Atlas Copco and LKAB developed a pioneering fully automatic long hole production drilling system based on the Atlas Copco Simba W469 drill rigs. These drill rigs have since then drilled about 8.000.000 drill meters at the LKAB Kiruna and Malmberget mines. In 2005 LKAB ordered three new Atlas Copco Simba W6 C, to complement Simba W469s still in operation. These new Simbas are based on the latest generation computerized drilling technology have proven to meet the expectations of LKAB and now form a base for future automation in Kiruna and Malmberget mines. This paper will present experiences from the introduction of Simba W6 C in LKAB Kiruna and Malmberget mines. The paper will also elaborate on the latest developments in remote access and remote control technology making it a common automation option available for all computerized Atlas Copco drill rigs.

May 1, 2007

By P. Mpofu

In this work, the modification of interfacial chemistry of colloidally stable kaolinite clay dispersion has been carried out to improve its flocculation performance and dewatering behaviour. Synergistic action between dispersion pH, hydrolyzable metal ion and high molecular weight polymeric flocculant structure type (anionic polyacrylamide-acrylate copolymer (PAM) and non-ionic polyethylene oxide (PEO)) was found to play a pivotal role in inter-particle bridging, the enhancement of the settling rate and extent of consolidation of the pulps. Flocculation with PEO led to higher settlings rates in acidic than alkaline pH, whilst for PAM, the maximum dewatering rate was achieved in the neutral pH range 6 - 7.5. Upon shear, the PEO flocculated pulps showed dramatic improvement in consolidation to 40 wt%, the extent of which was greater at lower than high pH values. For PAM-based pulps were however, not shear-responsive, lower sediment solid contents of 15 - 23 wt% was observed between pH 3 and 11. Hydrolysable metal ions, Mn(II) and Ca(II), used respectively at pH 7.5 and 10.5 in conjunction with PAM and PEO, significantly enhanced the settling rates and consolidation of the pulps. The findings exemplify the strong links existing between pH-mediated particle surface chemistry. polymer structure-conformation, inter-particle bridging and dewaterability of kaolinite dispersions.

Jan 1, 2004

By Glenn D. Lyle

As part of an initiative to improve value in mining, CEMI is developing a handbook on best practice in mine design. Various formats were examined, and of these, the wiki was selected as being most suitable. Being web-based, its global reach and capability of being continuously updated allows the wiki to evolve as new knowledge is generated, and to capture the diversity of experience of practitioners in the mining industry. While wikis have many advantages in terms of organizing content and searching, their ability to be edited by users is often seen as a negative characteristic for quality control. To ensure reliability of information content, author attribution, specific authorship models, and a peer review process have been implemented, in addition to the standard version tracking capability of wikis. The first phase of the project concentrates on topics related to underground hard rock mine design. The scope will be expanded to cover other aspects of mining as the project matures. Strategic partnerships with various organizations, such as the CIM, and CANMET, are being formed to provide a wide range of seed material to stimulate growth of the site. www.minedesignwiki.org

May 1, 2011

By T. Hidayat, D. Shishin, S. Sineva, M. Shevchenko

The effects of the slagging components Al2O3, CaO and MgO on the thermodynamics and phase equilibria of the gas/slag/matte system with major elements “Cu2O”-“FeO”-SiO2-S are characterised using an integrated experimental and thermodynamic modelling approach. The experimental technique included high-temperature equilibration experiments using a spinel substrate in controlled gas atmosphere (CO/CO2/SO2/Ar), quenching of the sample and subsequent measurement of the compositions of equilibrium phases with Electron Probe X-ray Microanalysis (EPMA). Thermodynamic modelling is undertaken using the computer system FactSage. In previous experimental studies on this system, the separate effects of Al2O3, CaO and MgO were determined. In the present investigation, the combined effects of these additional components are investigated at 1200oC and P(SO2) = 0.25 atm and a range of P(O2)’s. Special attention is paid to ensuring chemical equilibrium is achieved in each case, for this reason possible kinetic factors are systematically analysed. The results obtained are presented in the form of graphs showing the compositions of matte and slag phases as functions of copper concentration (matte grade). The new experimental data are used for the improvement of the thermodynamic database for multicomponent copper-containing systems. The effects of the slagging elements on this multicomponent system will be presented in the paper. INTRODUCTION Whilst Fe-O-Si form the principal components of copper smelting and refining slags, additional impurities are present in industrial practice typically at 2–5 wt.% Al2O3, 1–4 wt.% CaO and 1–2 wt.% MgO levels (Davenport, King, Schlesinger, & Biswas, 2002). These elements are introduced into the slag as impurities in concentrates and other feedstocks, in fluxes added to the process and in refractory materials. Understanding, and accurate description, of the changes that take place in the smelting process in the presence of these additional elements is of major importance to the optimization of industrial operations. Although experimental data are available on slag/copper matte equilibria, further work is needed to accurately characterise the influence of Al2O3, CaO and MgO on phase equilibria and elemental distributions of elements in gas/slag/matte systems. The individual effects of the Al2O3, CaO and MgO slagging components on equilibrium phase assemblages under selected conditions have been quantified in a recent series of studies on the Cu–Fe–O–S–Si-(Al, Ca, Mg) gas-slag-matte-metal system (Fallah- Mehrjardi, Hayes, & Jak, 2018; Fallah-Mehrjardi, Hidayat, Hayes, & Jak, 2017a, 2017b; Hidayat, Fallah-Mehrjardi, Hayes, & Jak, 2018a, 2018b; Jak et al., 2016; D. Shishin, Decterov, & Jak, 2018; Denis Shishin, Hayes, & Jak, 2018). Since, thermodynamically, the condensed phases do not behave ideally, it is to be expected that the effects of individual elements may not be additive, and the additional interactions between the Al2O3, CaO and MgO slagging components will also have to be taken into account. These additional effects are expected to be smaller than those of the individual components, so higher accuracy is needed. The present paper describes analysis of the precision and accuracy of the experimental technique on multi-component, multi-phase equilibria in these systems to enable the combined effects of Al2O3 + CaO + MgO on slag/matte/spinel equilibria, i.e. for high Fe/SiO2, to be accurately measured. The effects of Al2O3, CaO and MgO on the gas - slag - matte are analysed using a thermodynamic modelling approach with the computer package FactSage.

Jan 1, 2019

By E. M. Watkin

"Although Canada has achieved one of the highest living standards in the world, people and organizations have, over the past decade, begun to question the cost and means of this achievement. Concern has been expressed about the degree of environmental disturbance arising from industrial activities which have greatly contributed to our increased living standards. These industries include hardrock mining, pit and quarry operations, hydro-electric schemes, various agricultural enterprises and urban land developments.In the construction and operation of the above industries many environmental problems arise because the natural vegetative land cover is destroyed or drastically disturbed. Disturbance may occur to such a degree that revegetation is di ffi cult, often it appears impossible. Portions of the environment around such industries remain aesthetically unacceptable and appear to offer little or no potential for future resource use in wildlife, recreation or agriculture.The general public cannot dissociate itself from the activities of the aforementioned industries. It has, over many years, accepted the benefits and conveniences arising from those activities. Despite this, the increasing level of public concern imposes upon industry a need to alleviate or repair past, present and future environmental disturbance. Therefore it is incumbent upon industry to modify present technology or develop new techniques which would allow the disturbed environment to be easily and rapidly repaired."

Jan 1, 1975

By P. Dent

"Rare earth permanent magnets (REPM) have become virtually indispensible in hundreds of applications including aerospace, automotive, electronics, energy, medical and military. An understanding of REPMs is important since they are key drivers of demand for the overall rare earth sector. Rare earth permanent magnets stand out due to their superior magnetic properties of high induction and coercive force. We will discuss the past, current and future of the permanent magnet market and supply chain. We will summarize present and potential new nanocomposite and lower content or non rare earth magnet technologies and customer options which may mitigate rare earth usage.INTRODUCTIONRare earth permanent magnets are ubiquitous and often unseen critical components in many civilian, green energy and military technologies. They have become imbedded in applications such as hybrid electric vehicles, computer hard drives, direct-drive high power wind generators, audio speakers, motors, energy conversion systems, most weapons systems and hundreds of other uses. Several rare earth elements including neodymium, samarium, dysprosium, praseodymium, terbium and gadolinium are essential ingredients in production of the highest performance magnets available in the world today. They have enabled vast miniaturization and the significant increase in power density in hundreds of applications.China has become the dominant source of rare earth elements over the last two decades. Today, nearly 100 percent of the world’s rare earth metals and more than 95 percent of the rare earth oxides come from China. China’s near worldwide monopoly on the production of downstream materials such as rare earth oxides, metals and magnets severely impacts the supply chain in this growing global market. The past decade has seen an unmistakable trend toward increased dominance in raw material production and manufacturing by China, and a steep decline in U.S. production capabilities, most notably in the neodymium iron boron (Nd-Fe-B) market where there is currently no domestic production. This Chinese dominance is further demonstrated with over 65 percent of hard ferrite and roughly half of aluminum nickel cobalt (Alnico) and samarium cobalt (Sm-Co) production in that nation (Figure 1). In addition, China has imposed export quotas and export taxes of up to 25 percent for rare earth elements, arguably in violation of their covenants made with their protocol of accession to the Word Trade Organization. These export quotas have been decreasing steadily over the last several years in spite of rising global demand and were slashed by 72 percent in July 2010 (Bradsher, 2010) causing many recent news stories."

Jan 1, 2012

By John A. Herbst, Xiangjun Qiu

"Prediction of wear on a microscale level in mineral processing equipment turns out to be a challenging undertaking. This is particularly true for cases in which the objective is to use such predictions for wear parts design. The key to obtaining such predictions has turned out to be the use of physics based models along with phenomenological constitutive equations. In this paper, two components of the HFS tool set, one for particles (DEM) and one for slurry (MPF), are used for modeling. These tools are applied to the simulation of wear of SAG/AG shell lifters/plates and wear in slurry pumps. In each case wear predictions are validated with plant measurements.INTRODUCTIONHigh Fidelity Simulation (HFS) has emerged as an important tool set for mineral processing plant equipment design and optimization (Herbst and Potapov, 2003; Herbst and Nordell, 2002; Herbst and Lichter, 2006). This tool set consists of Discrete Element Modeling (DEM) of particle motion, Multi-Phase Flow (MPF) for liquid motion, discrete grain breakage (DGB) for particle fragmentation and discrete grain liberation (DGL) for mineral liberation (Campbell, Potapov and Tsuji, 1997; Ferzinger and Peric, 1997; Potapov and Campbell, 1996; Herbst and Potapov, 2005).Three sample snapshots of basic HFS illustrating the use of each of the various types of mineral processing equipment are shown below.Figure 1 shows a snapshot of a DEM simulation of ball charge motion in a commercial scale Vertimill. DEM simulation involves simultaneous solution of Newton’s Laws of Motion for 400,000 balls."

Jan 1, 2007

By Ben Murphy, Tomi Maksimainen, Antti Rinne, Ishmael Muzinda, Toni Mattsson

"A 500m3 flotation cell was commissioned during 2014 at the Kevitsa Mine in northern Finland working as the first rougher in the copper flotation circuit. Treating around 850tph with an average grade of 0.3% Cu, the TankCell® e500 has run with an average copper recovery of 71% and an average enrichment ratio of 50 during early optimization test work. In addition the cell has proved to be very energy efficient, being operating with a specific energy of around 0.4kW/m3 under production conditions.A review of the installation and operation of the TankCell® e500 at Kevitsa will be presented. Metallurgical performance of the cell during the operating period will be discussed on the basis of on-line analysis and the metallurgical samples collected during early optimization campaigns.IntroductionThe past three decades have seen a rapid increase in the size of mechanical flotation cells. This has been largely driven by demand from the copper industry to process larger volumes of material due to combination of declining head grades and the desire to benefit from the economies of scale (Lynch, Harbort and Nelson 2010). During this period Outotec has been at the forefront of development of large flotation technology with an enviable scale-up track record; 100m3 (1995), 160m3 (1997), 200m3 (2002), 300m3 (2007), 500m3 (2012) to the largest commercially available cell at 630m3 in 2013. This scale-up methodology has been developed, tested and validated (Elgueta et al., 2009; Coleman & Dixon, 2010) by the large installation base of cells in the 300m3 size class operating (over 400). The learning from large cell operation are then reviewed and incorporated back into new designs and scale-up practices (Murphy, Miettinen, and Yanez, 2014)."

Jan 1, 2016

By Jose R. Hernandez-Aguilar, Chris J. Martin, Rob Thorpe

"This study presents an approach to establishing relationships between metallurgical performance and the characteristics of the bubble population (gas dispersion) inside flotation cells. Bubble size Db, superficial gas velocity Jg, and bubble surface area flux Sb (Sb = 6Jg/Db) measurements were obtained along with metallurgical samples in full-size equipment processing different ore types. The gas dispersion was manipulated by changing the operating conditions of the cells (gas flowrate and frother type) and the metallurgical performance (grade-recovery) was determined. In two cases, the Sb had a strong relationship with grade and recovery, hence, Sb could be used as practical operating parameter. In another case, Sb did not correlate with recovery. The reasons were attributed to creating small bubbles using frothers with desired anti-coalescence properties. This illustrated that bubble size was the key parameter for metallurgy rather than Sb.INTRODUCTIONUnravelling the mechanisms that govern the relationships between metallurgical performance and the characteristics of the bubble population (gas dispersion) inside a flotation cell remains a major challenge. Information on this subject is scarce in the literature, particularly, plant-scale data. The report of Jameson and Allum (1984) appears to be the first gas dispersion study conducted in industrial (mechanical) cells. To introduce concepts, some aspects of their work are reviewed here.The prime motivation of that study was to establish whether any particular cell design (among 44 cells surveyed) could produce very small bubbles (< 0.1 mm), which laboratory research suggested would increase the recovery of fine particles. Although one of the outcomes was that the (examined) cells did not seem to produce such small bubbles (Sauter mean1 D32 ˜ 0.9 mm), the analysis highlighted the importance of including other factors. Jameson and Allum indicated that, besides bubble size (Db), other characteristics of the bubble dispersion should be considered, namely: gas holdup ?g – the fraction of cell volume occupied by bubbles, superficial gas velocity Jg – is the gas flowrate divided by the cross-sectional area of the cell and, bubble surface area flux Sb – the rate of production of (new) bubble surface area (m2/s) per m2 of cell cross-sectional area. It should be noted that, whereas Jg, ?g and Db can be measured directly, the Sb is derived: Sb = 6Jg/Db, where Db is usually substituted by the Sauter mean diameter (D32)."

Jan 1, 2006

By Iann Bouchard

Introduction à l?abrasion et l?érosion Avec le temps, tout solide va éroder et user les métaux les plus durs; de plus, la Corrosion va aussi laisser une couche mince et faible d?oxydation qui sera rayée du substrat. Solutions et guide de sélection Les polymères de Henkel Loctite® peuvent: ? Réduire l?abrasion par glissement ? Protège contre les agents corrosifs ? Prévenir la cavitation ? Augmenter l?efficacité ? Réduire la turbulence ? Résister aux hautes températures?

Feb 1, 2008

By R. Poulin, M. R. Samis

Real options valuation is an alternative net present value framework that is able to incorporate both management flexibility and dynamic project risks. In this paper, management is considering the development of a satellite low-grade zone while operations in a developed high-grade zone continue. If the lowgrade zone is developed prior to high-grade zone exhaustion, mine capacity must be expanded before additional production from the low-grade zone can be processed. This expansion can be avoided only if low-grade zone development is delayed until the high-grade zone is exhausted. The real option model presented here allows the development and capacity expansion decisions to be reconsidered on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably.

Jan 1, 2006

By Marc Ruest

A new instrumented cable bolt has been developed by the National Institute for Occupational Safety and Health at the Spokane Research Laboratory in Spokane, WA. Although various instruments are available to measure load distribution and magnitude along a grouted cable, this instrument is innovative in that it uses strain gauges internal to the cable as load-measuring sensors. The instrument has been successfully tested in the field at FMC?s Granger Mine, Meikle Mine, and Getchell Mine. A ?split-pipe? laboratory pull test was performed on each of three cable bolts instrumented with the new device. Each test consisted of grouting a 1.83-m-long cable in two 0.91-m-long sections of schedule 80 pipe. A numerical analysis was then performed in which laboratory boundary conditions were simulated and model properties derived from textbook guidelines. The loads calculated by the model were then compared to the measured loads.

May 1, 2002