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By John F. Dougherty

Recently, there has been much debate as to the relevance of reporting financial results using the conventional accounting systems, which is based on historical costs, during a period of rapid inflation. In the following paragraphs , the symptoms, if not the causes, of inflation, its detrimental effect on the financial soundness of business in general and the financial reporting changes being advocated to overcome perceived weaknesses in the present financial reporting system in accounting for the effects of inflation will be reviewed. Finally, a course of action as a sound approach to the financial reporting problem will be recommended.

Jan 1, 1978

By W. S. Hargratt

THE present era of exploitation of the Little Long Lac and Sturgeon River areas commenced in 1925, when Beardmore Gold Mines started development of what is now the property of Northern Empire Mines. A shaft was sunk in 1927-28 and a very limited amount of underground work was carried out, following which the property was shut down. It remained idle until 1932, when Empire Star Mines, a Delaware Company, optioned the property. This Company formed the Northern Empire Mines Company, Limited, to operate the mine, and immediately instigated an aggressive programme of surface and underground development. By the summer of 1933, sufficient ore was indicated to justify the installation of a small mill. The decision was also reached to bring in electric power. A power-line was built from Hydro, the Ontario Power Commission's development on the Nipigon river, to the mine, a distance of approximately 50 miles. This work was entirely financed by Northern Empire Mines. Mill construction was commenced in October, 1933, and completed by March, 1934, thus making this mine the first producer in this district.

Jan 1, 1940

Lonmin RoM ball mills are treating two types of feed ore produced by conventional mining and mechanised mining methods. It was reported that reduction in mill throughput was observed when treating the mechanised mining ore. Detailed grinding surveys were conducted for troubleshooting. Ore samples were collected for breakage characterisation using a JKRBT based on different particle density components. XRD analysis was conducted to investigate the association of minerals with density components. The plant surveys and the breakage characterisation tests all suggested that the two mining methods did not significantly affect either the ore breakage properties or the RoM mill performance. Instead, the mill discharge open area exerted a remarkable influence on mill throughput. The RoM ball mill operated at Lonmin K4 Concentrator has been proven to be a versatile mill that performed stably with variations in feed size distribution and feed ore changes by different mining techniques. The reasons are elucidated by the multi-component breakage characterisation and the plant surveys data.

Jan 1, 2012

By Y. Rama Murthy, Amit Ranjan, Pankaj Satija, Sunil K. Tripathy

"Chromite ore is one of the essential raw materials for ferroalloy and steel industry. Boula-Nuasahi belt of Sukinda region, Odisha, is the only resource of chrome ore in India. The Indian deposits are typically characterized as ferruginous and siliceous type ores. Chrome ore is generally mined by open cast mechanized mining method in these areas. The run-off-mine (ROM) ore from the various mines is sent to beneficiation plant via stack yard for further up gradation. The chrome ore beneficiation plant (COB) has two major circuits: comminution (feed preparation) circuit and beneficiation circuit. In the comminution circuit, the ore is reduced to <1 mm size ( for complete liberation of chromite) from -220 mm size in stage wise crushing (primary and secondary crusher) followed by screening and single stage grinding in a ball mill. Fraction having size <1 mm is further upgraded in the beneficiation circuit to produce three different concentrates having specific chemical composition and Cr: Fe ratio. The beneficiation plant is a complex circuit comprising of combination of unit operations (spiral concentrator, Floatex density separator, hydrocyclone, wet shaking tables). In the recent years the overall performance efficiency (grade and recovery) of the beneficiation circuit got affected with numerous changes in the run-off-mine ore quality (physical and chemical), mineralogical composition, etc.In this article, attempts made for improving the performance of chrome ore beneficiation circuit is discussed. The approach adopted and practical problems encountered while the process were also highlighted. The results of the trials has shown an improvement in the performance of the cyclone (d50 : 56 µm – 40 µm) and chromite losses into tailing to <12%.INTRODUCTIONChromite has a wide range of application, from refractories to metallurgical industries, and from chemical to non-ferrous alloy industries. Chromium ore (Fe2+, Mg) [Cr, Al, Fe3+]2O4) occurs exclusively in rocks formed by the intrusion and solidification of molten lava or magma which is very rich in the heavy, iron containing minerals such as pyroxene and olivine. With the richness of silica and iron, the chrome ores are broadly classified as siliceous type and ferruginous type. Pure chromite with composition FeCr2O4 is rare because magnesium usually substitutes for ferrous ion and aluminum and ferrous ion substitutes for chromium. Generally the associated gangue minerals are talc, quartz, hematite, goethite, limonite, gabro, serpentine, anorthosite, dunite, pyroxinite, etc. Around 96% of the chromite ore production is consumed for metallurgical applications of which 94% is converted into different grades of ferrochrome i.e., high carbon ferrochrome and charge chrome as shown in Figure 1. Stainless steel being the leading consumer of ferrochrome, any change in the dynamics of the stainless steel industry impacts overall chrome ore demands significantly."

Jan 1, 2016

By V. I. Lakshmanan, I. G. McColl

"Heap leaching of gold ores in permafrost conditions is feasible provided certain criteria are met. These criteria include relatively short heap leach residence time and the availability of waste heat.This paper describes the conceptual design of such a system for a mining operation in the North West Territories of Canada. The design includes the concept of continuous countercurrent leaching in enclosed ore heaps.Indicative capital and operating costs are given.INTRODUCTIONIn April 1984, Acres Davy McKee Engineering Inc. (ADM Eng.) in association with Ontario Research Foundation (ORF), was invited to carry out a preliminary design, cost estimate and financial analysis to assess the viability of gold heap leaching in a permafrost region in North West Territories, Canada.An orebody was being explored which could, by nature of its mineralogy, be upgraded substantially by crushing and screening in the size range of 1/4 in. to 3/4 in. It was proposed to process the screen undersize through an existing gold mill on site and to treat the oversize material in a heap leach facility to be constructed adjacent to the existing mill.Despite the formidable challenges imposed by isolation, permafrost and harsh winter conditions, the heap leach project was considered worthy of examination because of the relatively high grade of the heap leach material (> 0.1 oz/ton), very short leach times (in the range of 1 to 4 days) and the availability of substantial quantities of waste heat from the diesel generating station on site.Design challenges included the necessity to maintain the permafrost in frozen condition, to prevent freezing of ore and leach solution, to limit size of construction materials to that which could be carried in a Hercules freight plane and to contain water usage at an absolute minimum level."

Jan 1, 1987

By S. Masambi, S. M. Bradshaw, C. Dorfling

The presence of iron in base metal leach solutions complicates nickel and copper recovery processes. Leach solutions are commonly purified by precipitating iron as hematite, jarosite or goethite. Fast oxidation of ferrous to ferric is an important step to remove iron by precipitation at low pH values. This study reviews the ferrous oxidation mechanism and reaction rates in chloride media using molecular oxygen. This work contributes to the development of a better understanding of iron precipitation processing steps, which continues to be an important matter in hydrometallurgy. The specific objectives were to investigate (1) the effect of key process variables (acid concentration, copper concentration, and temperature) on the rate and extent of ferrous oxidation by dissolved oxygen and (2) the oxidation mechanism by varying chloride and hydrogen ion concentrations separately. Batch oxidation tests were performed using synthetic chloride solutions containing 45 g/L Fe and 3 g/L Ni at 50 and 80°C, dissolved Cu concentrations (0.3 to 3 g/L) and HCl concentrations (2 to 4.6 M). Regression analysis indicated that the significance of the effect of different variables on the extent of oxidation achieved after five hours decreased in the following order: HCl concentration > Cu concentration > temperature. Increasing the HCl concentration from 4 M to 4.6 M caused the degree of oxidation achieved after two hours to increase from 58.3% to 98.1%. The catalytic effect of dissolved copper on ferrous oxidation was more significant at low acid concentrations. Experimental data suggest that rapid oxidation of ferrous is possible at high HCl concentrations for two main reasons. First, the formation of ferrous chloride complexes allows ferrous oxidation to proceed without the formation of superoxide as an intermediate product (the rate limiting step in dilute acid solutions). Second, the formation of ferric chloride complexes stabilises the oxidation product.

Jan 1, 2016

By L. Vinnett, I. Panire, J. Yianatos, F. Ruiz

"The effect of operating variables on the flotation performance at steady-state has been extensively used for modelling and simulation of separation processes. However, the dynamic characterization of key variables such as gas dispersion (Sauter mean diameter of bubbles, D32, and bubble surface area flux, SB) and froth discharge rate is rather scarce. In this paper, an experimental design allowed identifying the dynamic response of the flotation process in a laboratory scale flotation cell, using a two-phase system, airwater. The installation included automatic control for the superficial gas rate, JG, and the pulp level. Gas dispersion was evaluated in terms of the Sauter mean diameter of a bubble population and the bubble surface area flux, SB = 6·JG/D32. The D32 was measured using the McGill Bubble Size Analyzer (MBSA) along with a semiautomated algorithm. In addition, the froth discharge velocity was measured in real-time using a Visiofroth system. The control variables were the superficial gas rate and the frother concentration (Teefroth). The dynamic characterization of the flotation process is useful to design algorithms that allow the direct or indirect control of metallurgical variables such as flotation rate, concentrate grade and mineral recovery.INTRODUCTIONGas dispersion indicates the way the gas entering a flotation machine is dispersed throughout the volume of the equipment (Schwarz & Alexander, 2006). The gas dispersion is typically characterized in terms of the bubble size (dB), gas holdup (eG), superficial gas rate (JG), and bubble surface area flux (SB =6·JG/dB) (Finch et al., 2000). All these variables have significant impact on the metallurgical performance of flotation machines. For example, Perez-Garibay et al. (2014) investigated the effect of the particle size, bubble size distribution, superficial gas rate and collector dosage on the flotation performance, for the separation of a sphalerite mineral. The authors observed that recovery increased with the superficial gas rate ranging from JG = 0.04 to JG = 0.08 cm/s and also a maximum recovery was obtained for bubble size close to 300 µm. Gorain et al. (1998) reported a strong correlation between the flotation rate constant and the bubble surface area flux in a zinc cleaner circuit. Both variables were directly proportional at three froth depths in the range of hF =7 - 45 cm. Dobby & Finch (1986) incorporated the effect of the superficial gas rate and the bubble size on the flotation efficiency by means of a kinetic model for the rate constants. Yianatos & Contreras (2010) developed a model to estimate the carrying capacity in large flotation cells by including the bubble surface area flux."

Jan 1, 2016

By P. A. Tichauer

Arbitration is a flexible method for dispute resolution that gives control to the disputing parties while still maintaining a clear and well-structured decision making process. It responds to the desires of the parties for a resolution that is fair, binding and enforceable and is guided more by pragmatism, efficiency, effectiveness and equality than by a need to comply with the legal procedures and practices of any single country or jurisdiction. Arbitration is particularly well suited for the resolution of disputes pertaining to international commercial agreements which are often present in the metallurgical sector. This paper provides a simplified outline of the features and advantages of arbitration as well as commentary regarding certain prerequisites in order for arbitration to be binding and enforceable.

Jan 1, 2015

By Paul L. Broughton

"IntroductionThe coal deposits, all of lignite rank, of economic interest in Saskatchewan are associated with the Ravenscrag Formation (Paleocene). Several Cretaceous formations have less significant lignite accumulations (Broughton, Irvine and W'hitaker, 1974). The Swan River Group (lower Cretaceous) and Judith River Formation (upper Cretaceous) have the only coalbearing strata in the shallow subsurface of central Saskatchewan. The Swan River Group coalfield is relatively small and underlies only 15 sq km of the surface approximately 40 km south of La Ronge, Saskatchewan. An estimated 36 billion short tons are within 45 m of the surface. No reserve estimates are known to have been calculated for the coal-bearing Judith River Formation exposed at the surface in the vicinity of the South Saskatchewan River valley in west-central Saskatchewan. Although no coalfields have been delineated, lignite beds up to 1.8 m thick have been intersected in test holes. The coal-bearing upper Cretaceous and lower Tertiary strata of the northern Williston Basin extends the full width of southern Saskatchewan for 650 km, and from the United States border 120 km north to 50° latitude (Fig. 1). Only the coalfields of the Ravenscrag Formation, because of their economic interest, will be considered further. There are four major coalfields. They are, from east to west: Estevan, Willow Bunch, Wood Mountain and Shaunavon (Cypress) coalfields. Cumulative lignite seam thickness for each basin is 10 -15 m (Figs. 2 and 3). The origin of each coal basin, resource calculations, seam stratigraphy, and mining activity are discussed. Regional Setting The Williston Basin is an ellipsoidal depression in the Precambrian basement, centered in western North Dakota and marginal to the exposed craton of northern Saskatchewan and central Manitoba (Fig. 1). The sediments of the basin range from Cambrian to Pleistocene in age and have a maximum known thickness of 4614 min western North Dakota. A maximum of 3200 m is recorded in southern Saskatchewan. Most structural deformation is late Cretaceous to early Tertiary (Paleocene) in age, coinciding with the Laramide Orogeny. The pre-Laramide Williston Basin, with a depocenter near Williston, North Dakota, began developing during the middle Ordovician, or possibly earlier."

Jan 1, 1985

By E. O. Magnusson

THE orebodies of the Preston East Dome mine show a considerable variation in size,? shape, dip, and ground condition. They vary from small and large irregular masses being mined by shrinkage, cut-and-fill, and square set-and-fill mining methods to narrow veins being mined by open stoping. Standardization of mining operations has necessarily been difficult. This considerable variation in mining condition prompted the development of a bonus system which would give more equitable bonus payments through-out the mine than those obtained by the usually accepted methods of calculating mine bonus. PRINCIPLES ON WHICH THE SYSTEM IS BASED Under an incentive bonus system, performance (efficiency) and a price per unit of work done are inter-related. It is in the application of this? principle to working conditions .in the Preston East Dome mine that the system to be described differs from the standard methods of calculating mine bonus. It was found that the method of paying a fixed price per unit of work done, under the &apos;contract&apos; system, gave satisfactory results in development, less satisfactory results in timbering, and results which were not satisfactory in stoping. Under the fixed price system, bonus payments, in timbering and stoping particularly, were very erratic and did not necessarily represent fair payment for the work done. A fixed price in development is satisfactory because the work done, and the conditions under which the work is done, are uniform. The drilling and blasting cycle is completed in one shift, the size of heading is con-trolled, and a minimum number of holes are required in order to obtain a satisfactory break. The performance possible under these conditions has been found to be confined to a fairly narrow range. By performance in development is meant the efficiency of the working crew as expressed in terms of the two variables of feet of advance per round and pounds of ex-plosives consumed per foot of advance. A change in rock formation, how-ever, may alter to a marked degree the performance possible, quite independent of the skill and energy of the working crew. The changes in working conditions that affect development performance from the standpoint of bonus calculation are usually easily apparent and are satisfactorily met by establishing several fixed prices.

Jan 1, 1944

By George E. Cole

Introduction In view of the fact that, during the past year, two Manitoba mines-Flin Fion and Sherritt Gordon-have entered the list of producers and have materially increased that Province&apos;s contribution to the metal production of the Dominion, it would seem appropriate at this time to review the progress of the industry in the Province, with particular reference to the out-standing metal-mining developments of the past decade. That these two mines have been able to continue their operations in spite of the low prices of copper and zinc adds a touch of brightness to the industrial life of the Province. Depression in metal prices is not encouraging to the mining industry, but it does stimulate efficiency in methods and costs of production. As two thriving towns have grown around the two mines, the will of the management to carry-on is of great consequence to Manitoba, this year so hard hit by the .agricultural depression. And, much as it is a pleasant feature in the mining situation that these mines have been able to continue operations, nevertheless it must be noted, in reviewing the mining developments of the past few years in Manitoba, that the Province was fortunate enough to profit by good times, in that an industry was established which gives evidence of permanency. In the metallic field, the section of Manitoba that first received attention from prospectors was the boundary district, west of the Lake of the Woods. Several claims were staked here at the time of the gold boom in the neighbouring Ontario area. But the first real interest in metalliferous deposits dates from the discovery of gold in March, 1911, in quartz veins on the shores of Rice lake, some twenty miles east of lake Winnipeg. Systematic and organized prospecting of the pre-Cambrian areas of the Province may be said to have commenced with that discovery. The first gold discovery in northern Manitoba was made at Wekusko (Herb) lake in 1914. This was followed by the discovery of the Flin Flan and Mandy copper ore-bodies in 1915 on Flin Fion and Schist lakes, respectively.

Jan 1, 1932

By L. M. Scovell

The Internet and its related technologies will radically change the way that mines manage and control their maintenance, repair, and operating supply chains. The Internet is creating new distribution channels and offers new technology platforms with significant advantages over more traditional methods. Mines will have to re-evaluate both the strategies and the tactics employed in these areas. Mines will use e-commerce to integrate their maintenance, repair, and operating supply chains. The integration will extend beyond traditional trading partners to a worldwide network of communities with similar interests and goals. The changes will transform the way mines operate, lower mining costs, and thereby increase their chances of success in an increasingly competitive environment.

Jan 1, 2000

By M. W. Bates, A. L. Mular

This paper, based on work carried out at Queen's University, describes the development and use of mathematical models of the parallel cyclone classifiers being used in the Strathcona mill of Falconbridge Nickel Min.es Ltd.

Jan 1, 1971

By P. -A. Bosse, J. Robitaille, P. Blatter

The LaRonde ore is a Cu-Zn-Pb ore with gold (3-4 g/t) and silver (60-100 g/t). The precious metals are recovered with copper concentrate, zinc concentrate and cyanidation of zinc tails via Merrill Crowe precipitation. Subsequent to a recent mill expansion, excessive gold was reporting to zinc concentrate with a concurrent decrease in gold to copper concentrate. Owing to the higher return obtained from the metal, the mill endeavors to recover additional gold and silver to the copper concentrate and minimize the placement of precious metals to the zinc concentrate. A gold deportment study showed that the gold occurs mainly as küstelite, with a moderate amount of electrum and a minor amount of native gold. It also showed that various sulfur-based Au-and/or Ag-bearing coatings on liberated küstelite and electrum were the major mineralogical factors that caused gold and silver to report to zinc concentrate. By frequency, such coatings were observed on 70-80% of total liberated gold particles reporting to the zinc concentrate. Based on the gold deportment and the chemistry of the coatings, the collector chemistry was reviewed and a new collector was added into the circuit which resulted in a significant increase in gold and silver recovery to the copper concentrate. The information obtained from the mineralogy confirmed and guided other process optimization. In this paper, the authors will describe the process mineralogy of the LaRonde ores, and in particular, the mineralogical evidence diagnosing the problem. Reference will also be made to the rationale behind how the problem was solved, the results achieved, and future steps in optimization.

Jan 1, 2005

By Y. N. Zhang

Friction Stir Welding (F SW) is a novel "green" manufacturing technique due to its energy efficiency and environmental friendliness. This solid-state joining process involves a rotating tool consisting of a shoulder and/or a probe. The shoulder applies a downward pressure to the work-piece surface, constrains the plasticized material around the probe, generates heat through the friction and causes plastic deformation in a relatively thin layer under the bottom surface of the shoulder. The rotating probe mainly drags along, plasticizes, and mixes the adjacent material in the stir zone, creating a joint without fusion. Friction Stir Processing (FSP), a variant of FSW, has been developed to manufacture composites, locally eliminate casting defects, refine microstructure and/or improve the associated mechanical and physical properties including strength, ductility, fatigue, creep, formability and corrosion resistance. However, major challenges such as tool design and wear currently limit the use of F SW/P for manufacturing applications, particularly for high melting temperature or high strength alloys. In this review, the FSW/P tools are briefly summarized in terms of the tool types, shapes, dimensions, materials and wear behaviors.

Jan 1, 2011

By F. Roemer, D. Goldmann, T. Elwert

Tantalum is an important minor metal for the production of high performance capacitors. Approximately 60% of the annual tantalum production is used in this application. Despite its high price of 298 US$/kg (average price 2010–2014), at the moment, no recycling from end-of-life products takes place. In the established recycling processes of waste electrical and electronic equipment (WEEE), tantalum is lost in the slags of copper smelting, where it is highly diluted. An economic recovery is not possible at that point. Although tantalum must therefore be extracted from the WEEE stream before it enters smelting, no industrial recycling processes exist. The main reasons are its low concentration in the WEEE stream, lack of information about tantalum bearing devices, technical difficulties of extraction, and conflicts of interests regarding the recycling of other valuable metals in WEEE. In this paper, the results of a cooperation research project are presented. The aforementioned challenges are addressed and a novel tantalum recycling process is developed. Small pilot scale experiments show that a mechanical processing route can produce marketable tantalum-concentrates of 30% tantalum with yields between 60 and 70%. This is reached through a manual pre-sorting of potentially tantalum bearing products followed by a combination of an optimized comminution, sieving, air classifying, eddy-current (EC), and two stage magnetic separation. Key to the implementation of this process was a detailed survey of the tantalum concentrations in different products carried out by the industrial partner.

Jan 1, 2016

By A. V. Tarasov

There are still a number of copper smelters in the world using the roasting and smelting process flow diagram for treating sulphide raw materials. The technical, economic and environmental performance indicators of such operations are inferior to the respective indicators of advanced processes. First of all with respect to copper and sulphur recovery: 95% and 75% as compared with 98% and over 90%, respectively. Based on the studies of the single-stage smelting process to produce white metal and blister copper conducted during recent years an analysis of the feasibility of roastingsmelting technology improvement was carried out in the Gintsvetmet Institute to substantially increase the copper and sulphur recoveries. On the basis of this analysis, it was proposed to modernize the technology and equipment within the framework of the existing process flow-sheet. The proposed modernization implies an increase in the roasting temperature; higher desulphurization degree in the process of roasting; a number of modifications in the roaster design depending on the particular conditions of a given operation; addition of lime flux to the feed charge to roasting; and transition to combined calcium-silicate smelting slags. The metallurgical and energy computations made have indicated that the proposed modifications of the technology will improve the copper and sulphur recovery up to 98% and 90%, respectively. The required capital investments have been estimated using as an example a particular copper smelter, the payback period determined taking into consideration additional output, fuel saving and a reduction in fines for sulphur emissions. For comparison, the capital cost of a smelter modernization is given for change-over to basically new autogenous Ausmelt, Outokumpu and V anyukov smelting technologies.

Jan 1, 2007

The comminution circuit at Tarkwa Gold Mine was commissioned as a Single Stage SAG mill operated in closed circuit with hydrocyclones designed to process 4Mtpa. The circuit was later expanded by adding a secondary ball mill in closed circuit with hydrocyclones with a view to treat 12Mtpa. The change in the circuit configuration and assigning the low aspect ratio SAG mill for primary grinding application makes the Tarkwa experience unique in terms the optimisation strategy and operating philosophy. This paper reports the findings from a series of surveys performed on this plant. The surveys reported include data obtained when the SAG mill was operated as a single stage mill in closed circuit with hydrocyclones and also SABC mode under two different feed conditions. The differences in operating philosophy between the initial single stage SAG circuit and the current SAG/Ball mill circuit are discussed.

Jan 1, 2012

By Ken McIntyre, Trodel Wolf-Dieter

"Sirius Minerals is a UK based fertilizer development company focused on advancing into operation its polyhalite project in North Yorkshire, England. The operation is known as the Woodsmith Mine which has an estimated 2.7 Billion Tonnes of reserves and is currently in the construction phase. DMC Mining Services was selected to carry out the construction of four shafts for the project, a production shaft of 6.75m diameter to a depth of 1594 m, a ventilation shaft of 6.75 m diameter to a depth of 1565 m, and two additional shafts to support the construction of the material transport system (the MTS and Lockwood Beck intermediate) to 360m in depth for servicing the underground conveyor network for transport of product from the mine site to the costal port facilities located at Teasside. This paper will review the status of the project to date and the innovative approaches that DMC is utilizing to ensure a safe and successful shaft sinking project. INTRODUCTION The Woodsmith Mine in North Yorkshire is a Sirius Minerals-owned deep potash and polyhalite mine located near to the hamlet of Sneatonthorpe, Whitby in North Yorkshire, England, approximately 75 km east of York. The area of interest is more than 700 km2. The £3.2 billion project is to develop the Woodsmith Mine to extract polyhalite, and a tunnel system to transport it to a materials handling facility and harbour at Teesside. The site is the world's largest and highest-grade deposit of polyhalite and is expected to produce 20 million tonnes of polyhalite, potash and POLY4 per annum, as well as create over 1,000 direct jobs and many more indirectly. It has the potential to generate over £2 billion of annual exports for the UK. As the project will require mining to be undertaken in the North York Moors National Park, many objections were raised about the mine. Sirius Minerals has gone to great lengths to ensure that the project is sensitive to the local landscape, including: mineshaft head frames that will be positioned below ground to reduce their visual impact; surface buildings will be kept to a minimum; and the entire site will be landscaped and screened by existing woodland to blend in with the surrounding area. The project will also abide by strict environmental limits which govern our activity during the construction phase."

Jan 1, 2019

By D. Farrish, W. A. Grell

"IntroductionMost base metal mines sell their concentrate to a custom smelter. The two parties concerned therefore draw up a contract which would detail the conditions under which concentrate sales will take place. The contract will identify treatment and marketing charges (including escalations), deductions for metal losses in the smelter, pricing formula, timing of payments, penalties for deleterious elements, etc.An understanding of the smelter contract is important to the mineral processor, for it will determine how he operates the plant to maximize economic return.Description of Contract ClausesUsing copper concentrate as an example, the smelter contract generally contains the following three basic charges:I. Metal Deductions- as the smelting process does not recover all the metal contained;2. A Smelting Charge- expressed per ton of material to cover costs on the bulk material such as receiving, unloading, thawing in winter, sampling, roasting to drive off sulphur, smelting through the matte and blister stages to recover mostof the copper and precious metals;3. A Refining Charge- expressed per pound of copper.The following is a review in some detail of a number of clauses which could be considered typical of a treatment and marketing type of copper concentrate sales contract. Most normal considerations in an agreement could be covered by the following types of clauses.Terminology- covers definitions, units of measurement to be used (e.g. short tons, troy ounces, etc.), currency (Canadian dollars). The term ""unit"" may be defined - l OJo of a ton of concentrate, e.g. one unit of copper means 20 pounds of copper per short ton of concentrate."

Jan 1, 1989