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By Daniel J. Schulze

Eclogite is an important source of diamond in the upper mantle, but is more localized than peridotite. Using eclogitic minerals in kimberlite and diamond exploration is also more problematic than using the well-known peridotite-derived indicator minerals Cr-pyrope and magnesio-chromite. The problems include color similarities between orange garnets from eclogites, Cr-poor megacrysts, and crustal garnets, chemical similarities with Cr-poor megacryst suite garnets (speci?cally elevated Na2O contents), and low abundance of eclogite garnet xenocrysts in most known kimberlites. Chemical screens must be used carefully to distinguish between varieties of orange garnetsin exploration samples. For example, most orange garnets of crustal origin have >22 wt% FeO, with mantle eclogite garnets having lower values. Na2O-bearing garnets from the Cr-poor megacryst suite can be distinguished from Na2O-bearing garnets from diamondiferous eclogites by the elevated TiO2contents of the former. The low abundance of eclogite garnet xenocrysts in kimberlites worldwide, however, may dictate that use of eclogite garnets in diamond exploration in most cases be restricted to advanced stages of kimberlite exploration and evaluation of kimberlite diamond potential. Cr-pyropes, Mg-ilmenites and Cr-rich chromites are more useful than eclogitic garnets in most stages of diamond exploration. If orange garnet xenocrysts are sought in a kimberlite exploration program, those from the Cr-poor megacryst suite will be more useful than eclogite derived garnets, due to the typical great abundance of the former, although they carry no information of the diamond potential of the host kimberlite.

Jan 1, 1997

By G. R. Cope, J. S. Getsinger, K. D. Lund, T. Neale

"Mineral exploration in the Sicker Group, a belt of Paleozoic volcano-sedimentary rocks on Vancouver Island, has traditionally centred on auriferous polymetallic volcanogenic massive sulphide deposits such as those currently mined by Westmin Resources Ltd. near Buttle Lake. Recently, however, the focus of exploration in the Sicker Group has shifted toward targets of structurally controlled gold concentrations, with notable success. Major north and northwesterly-trending structural features such as the Cowichan-Horne Lake break (one of several regional high-angle thrust fault s active throughout a long period of geological time) and related fault systems have contributed to localization of gold mineralization.Using the extensive information database compiled by MPH Consulting Limited during numerous exploration projects in the Sicker Group, two cross sections through areas with significant gold occurrences southeast of Port Alberni are presented. The cross sections combine geological, geochemical and geophysical data in an attempt to emphasize the relationship between structural trends and gold mineralization. Examples from specific properties, including gold discoveries along the Mineral Creek fault zone, are used to illustrate this relationship."

Jan 1, 1990

By L. E. Djingheuzian

"IntroductionDURING the past two decades an enormous amount of empirical data has been accumulating on grinding. These data have been obtained by mill operators on grinding ores with a diversity of characteristics, and generally they have been published. However, whenever an operator, who has started milling on a new ore, has tried to find a case in literature which would exactly fit his particular grinding problem, he has failed. Evidently, something fundamental has been lacking in all these empirical data, and, as a consequence, each new operator has had to undertake his own experimenting, get the best results he can, maybe publish these results, and let it go at that. This, in the writer's opinion, has been• due to the fact that even the ablest and most inquisitive millman has been forced to look on grinding as an art, and so, except very rarely, has not been able to find the time to stop and think; if he did so, it was rather in a philosophic way, that grinding is a fundamental process, a process that takes place in river beds, on the sea shore, etc.Nevertheless, when all the data so far published are correlated and examined as a whole, one is struck with the advances that have been made in grinding. The writer (7) had made such a study in 1949, and, when the correlation was completed, it showed that there was nothing heterogeneous about the accumulated data and that when brought together they were in harmony with each other. The writer's conclusion was that, if grinding criteria were defined and were expressed in such a way as to make integration of any data into basic formulae possible, grinding would be established as a mathematically exact science, and grinding worries of the harassed mill operator would be at an end!The first attempts to rationalize comminution were made by Rittinger and Kick. However, their theories led to endless disputes which did not accomplish much, except possibly clearing the path for subsequent investigators."

Jan 1, 1952

ABSTRACT Understanding process histories and worker exposures in nickel production operations is critical in determining the role nickel compounds play in respiratory cancer incidence. As part of a series on Vale Canada’s (previously known as Inco) nickel processing operations, this paper includes descriptions of Ni electrolytic operations at refineries in Port Colborne, Ontario (1922–1984), and Thompson, Manitoba (1961–present). Industrial hygiene measurements, by area and personal sampling, of workplace aerosols at these operations are reported.

Jan 1, 2014

By R. Bonifaz

The Chagres Smelter, part of the Anglo American plc group situated 80 Km north of Santiago in Chile, completed a series of operational improvement in 2005 resulting in an optimum capacity in its operational units. At present the Chagres Smelter has developed an operational strategy which seeks to reduce bottle-necks in the production process. In this way we have managed to lower operational cost, decrease energy consumption and maximize the capacity of the Acid, Oxygen, and Smelting, Converting, Refining and Casting units. A constant application of international benchmarks together with continuous staff improvement and the latest smelter technology have combined to place Chagres among the finest smelting works in the world. In response to environmental challenges, we have studying various options for investment suitable for a profitable business of benefits to both Anglo American and Chile as a whole. The most relevant technical indicators are the figures : Energy consumption less than 6,3 GJ/ton fine copper, Intensity of smelting rate in Flash Smelting unit of 6900 ton of copper concentrate/m2 settler of furnace area and be one of the top five smelter in direct cash cost .

Jan 1, 2007

By Jean-Luc Collins

"This new tool can be used as a quick guide f or the assessment of the potential economic wealth of any risky capital project. It does provide an unambiguous recommendation of the type ""go or no go"" to the decision-maker simply by comparing two different ratios profit/investment. One ratio determines the minimum value required to at least break even while the other measures a probable value based on the asymptotic theory of statistical extremes.Its application is briefly illustrated by means of an underground gold mine extension project, an oil sands mine project and a polymetallic open pit project.Once a favourable recommendation has been obtained then a detailed ""cash flow after taxes"" analysis can be carried out for the project.IntroductionMany tools are used in financial decision-making such as the payback period, the discounted cash flow, the internal rate of return and the wealth growth rate (Berry , 1971).These tools are useful and meaningful in evaluating normal projects closely related to regular business where the number of assumptions made is usually very small and where the cost of capita! is usually selected as a discount rate or a hurdle value. In situations where a significant number of assumptions have to be made,two problems can emerge, namely:I. the risk involved is underestimated leading to a potential financial disaster; or2. a good opportunity is lost because the approach used in evaluating the project is too conservative.Each assumption has its own degree of uncertainty and it is well known that combining uncertainties together can lead to a total uncertainty of critical proportion. The easiest way to account for risk is to increase the discount rate or the hurdle value, but this approach alone is quite subjective and can easily lead to the problems described above."

Jan 1, 1993

By Jin Liu, Torstein A. Utigard

At its Copper Cliff Smelter, Vale Inco Limited processes a bulk copper-nickel concentrate in two Inco oxygen flash furnaces. Coke supplies a minor proportion of the process heat requirements, limiting the flash furnace matte grade to the target 45% CuNiCo. Coke addition to the furnace offers a potential means of establishing a reducing barrier on the surface of the molten bath. Such a practice would be conducive to producing sulfur deficient (partially metallized) matte. At the same iron content, the iron activity of sulfur deficient matte is higher than that of regular matte. A supernatant coke barrier could, therefore, be expected to lead to higher nickel and cobalt recoveries, reduction or even elimination of magnetite furnace bottom build-up and increased sulfur elimination as SO2 in the flash furnace. Extensive experiments were conducted in a miniplant flash furnace to investigate the effect on process metallurgy of the suggested modified scheme. The introduction and description of the experimental set up were given in Part 1 of this paper and an early paper published in Yazawa symposium1 together with the results and some in depth discussion on metallurgy. This paper intends to discuss the kinetics of the miniplant flash furnace testwork.

Jan 1, 2015

By Kretschmar. U. H.

Fieldwork in the Meguma of Nova Scotia and Archean equivalents shows that bedding-parallel quartz lode gold veins (LVs) commonly occur at the top of graded elastic sequences. We define a "gold cycle" (GC) by analogy with Bouma turbidites and show that most "shear zones" and "lamprophyres" correspond to the upper pelagic-pelitic (E) division. We describe GCs from Archean Chester Twp, ON; Elmhirst, ON; Bourlamaque, QC; "intrusions" and interpret them as crystal tuffs and tuff-breccias. Extensive early Archean pyroclastic volcanism is implied: the genesis of trondjhemite-tonalite-granodiorite (TTG) rocks must be re-examined. The geopetal nature and asymmetric alteration of LVs indicates genesis from sea-floor hydrothermal vents. Textures suggest that often quartz was deposited as a gel. Vent geometry (fracture, point source or diffuse seep), bottom topography and vent spacing is reflected in wade-thickness plots. GC facing directions survive metamorphism. The Bourlamaque batholith was a flat-lying sheet of quartz-feldspar-hornblende crystal tuff, and isoclinal folding has repeated one or more gold-bearing horizons. Syngenesis clarifies and simplifies LV formation with major implications for models. Exploration becomes more cost-effective. Basin analysis, whole rock geochemistry, ore lens geometry and vent spacing can be used.

Jan 1, 2011

By John R. Goode

"This paper reviews options for the separation of a mixture of rare earth elements (REE) into its component elements. Earlier separations used selective chemistry such as double salt precipitation and reductive/oxidative processes – methods that still have a place in the industry. Fractional crystallization was developed for more complete separations of adjacent REE. The latter method was replaced by ion exchange (IX), which was in turn replaced by solvent extraction (SX). Two main SX chemistries are in use, solvation and cation exchangers, with several variants (mixed solvents, ionic liquids, etc.) now under investigation. SX plant configurations have evolved including advanced techniques like “hyperlinking”, novel saponification methods, and alternative stripping techniques. The classic mixer-settler is the most commonly employed device although centrifugal contactors have been pilot-tested. Non-dispersive SX options including microfluidic devices and membrane-assisted SX techniques are being developed and could revolutionize the SX option. Other REE separation techniques now being studied include Molecular Recognition Technology (MRT), Free Flow Electrophoresis (FFE), newer IX systems, and electrolytic processes. Additionally, the classical crystallization and selective precipitation methods and newer bacteria-mediated processes, chloride volatilization, high performance liquid chromatography, and magnetic separation systems have been studied. This paper reviews the options and concludes that conventional SX is the technology of choice but viable alternatives could be demonstrated and acceptable within a couple of years.INTRODUCTIONThe chemical properties of the individual REE are very similar which is why REE minerals and ore deposits almost invariably contain a mixture of all fifteen REE, i.e., La to Lu plus Y. That said, the distribution of REE in a given deposit is frequently dominated by the light REE (LREE, i.e., La to Nd). Examples include the Bayan Obo, Mianning, Lynas Mt. Weld, and Molycorp Mountain Pass deposits where heavy REE (HREE – Sm to Lu and Y) typically account for well under 5% of the REE content. The LREE operations produce some HREE but the main sources of these important elements are the ionic clay deposits of Southern China. Importantly, all of the REE recovery operations referenced above, except for cerianite-bearing ionic clay deposits, initially produce a mixed REE precipitate or calcine with a REE distribution similar to that in the ore (Goode, 2016). However, the consumers of the REE, the manufacturers of magnets, phosphors, catalysts, optical glass, etc., require separated products with purities generally ranging from 99% to as high as 99.9999% depending on the element in question and the end use. Hence there is a need to separate the individual REE one from the other. This paper is intended to review the options."

Jan 1, 2016

By R. B. Hyde

"Severe drilling conditions and difficult mud problems are briefly out-lined as the major cost items in all production operations. The chief problems discussed are abnormal pressures, high temperature, trouble-some shales, and low rates of penetration. These problems have been eliminated or greatly reduced in many areas by• the proper application of recently developed drilling mud products and techniques. These severe problems and their solutions are discussed generally: the application of high-density weighting materials to overcome abnormal pressures; surfactant muds with sodium polyacrylate as a solution for deep and high-temperature drilling; shale control muds and new dispersants for severe shale problems; and low-solids emulsions and •extreme-pressure lubricants for greatly improved rates of penetration."

Jan 1, 1959

By M. Vallée, J. -P. Charette, D. P. Gold

"The Oka Carbonatite and Alkaline Complex is a Lower Cretaceous intrusive body of the Monteregian petrographic province. Carbonate rocks of various types, and associated alkaline rocks of the ijolite and okaite suites, are distributed in a double ring-dyke structure 4 Yi miles long by 1 1/2 miles across. Alnoite and alrioite breccia pipes intrude all rocks of the Complex and indicate, from inclusions, that a cover of Palaeozoic rocks existed at the time of emplacement.The results of radiometric, magnetic and gravity surveys of the Complex are compiled and discussed both with respect to the regional pattern and, locally, the bed-rock geology. The Complex is characterized by high-intensity anomalies.Exploration activities started during 1953, and mining operations began in 1961 on the property of St. Lawrence Columbium and Metals Corporation, at one time the world's largest producer of niobium concentrates. Because of the boudinaged and fractured nature of many of the rocks and the variability in grade of the ore minerals, the role of the mining geologist is both demanding and exacting. Rock types are varied and their mutual relation-ships ambiguous, the minerals are rare and complex, and close geological control of the ore is needed in the mine and in the mill. Closely spaced diamond drill holes are needed for mining control, and the ore-waste contact is defined mainly by assay results.In the exploration for 'carbonatites' in Eastern Canada, aeromagnetic surveys are judged to be the best exploration tool, followed in decreasing order by the search for circular structures on aerial photographs, regional gravity surveys and radiometric surveys."

Jan 1, 1967

By The Staff

"IntroductionThis paper lists typical liner performance data for various grinding mills at the Noranda, Waite-Amulet, Pamour, and Hallnor mines, and concludes with a comparison of these data, based on wear per square foot of lined mill shell area. Flow-sheets for each of these plants will be found in the reference cited.General InformationTwenty-eight ball-mills and one rod-mill are used by the Noranda organization for grinding ore. These mills, which are shown in general outline in Plate IV, are all of the overflow type and have a cylindrical shell attached to dished heads.Most of them are serviced by hand-operated cranes and none by power cranes. During re-lining, portable tugger hoists are employed to lift the liners and, frequently, to install them in place.The mills vary in length and diameter and the ratio of end liner area to breast liner -area consequently ranges from 1. 6.75 in a 5 ft. by 14 ft. mill, to 1:2.28 in an 8 ft. by 8 ft. mill."

Jan 1, 1950

By Sergio Cattalanl, Francis Chartrand

"The geology and origins of volcanogenic massive sulfide (VMS) deposits in the Abitibi belt of northwestern Quebec have been the subject of discussion since the discovery of the Horne orebodies in Noranda in 1923.The present Noranda version of the VMS model characterizes the ideal deposit as a stratabound, base-metal accumulation that is in close spatial relationship with hydrothermal alteration and stockwork zones, felsic lava domes, coarse phreatic-pyroclastic breccias, and subvolcanic intrusions that characterize vent- and proximal{acies submarine volcanic environments. Deposits tend to occur in a favorable stratigraphic interval within a mining camp, and this is well-documented in the Rouyn-Noranda and Matagami camps.However, in recent years many VMS deposits have been shown to deviate from the ideal Noranda-type. For example, the Ansi/ deposit is characterized by sulphide-bearing alteration zones that extend far above the massive sulfide lenses, and by abundant magnetite immediately underlying massive sulfide. The Horne deposit appears to lack the typical chloritic alteration pipe underlying the massive sulfide lenses, as well as laterally-equivalent exhalite horizons. The Horne and Quemont deposits, besides being the two giants of the camp, are particularly rich in gold, whereas others, such as WaiteAmulet and Millenbach, have low gold values. Finally, some deposits in the Noranda camp, such as the Ansil, Corbet and Mobrun mines, are outside the favorable stratigraphic interval. Therefore, it would appear that part of the key to renewing base metal reserves in northwestern Quebec is the use of evolving descriptive-genetic models that incorporate geological variations like those cited above."

Jan 1, 1990

By J. G. Kelly

"IntroductionOver the past twenty-five years of improvements to scooptrams In the Ontario Division of Inco Ltd., records indicate that on average, an 8 yard capacity machine at 80% availability will load, haul and dump about 100TPH from an average stoping area. This, essentially, means that Inco mines are limited to 2000 TPD as an approximate maximum production cap per minute. Some of the improvements made to scooptrams over this period have been:• dry disc and oil immersed brakes on larger loaders;• to replace air over hydraulic systems;• modulated shift transmissions;• greater breakout and tramming capacities by using larger engines and buckets;• operators' compartments have been enlarged and better seats,• joystick controls and air-conditioned cabs have been utilized'• major cost savings have been realized through tire maintenance improvements; and• major savings, safety improvements and increased ore recovery by using remote controls.After reciting the improvements listed above, and the list is by no means exhaustive, it is quite obvious that scooptrams are a mature product and that major design or performance improvements will not occur in the futre. Any futher improvements will be incremental in nature. Loading, hauling, and dumping with scooptrams is a batch process and as such is limited in its total output.Continuous Load/Crush/Convey Systems:In order to improve productivity, a radical new system was required. The target was 2000 tons per shift. In 1984, to meet the goal, Inco acquired the rights to a contiunous loader from Canadian Mine Services. Inco made modifications to the original prototype machine, such as: (I) conversion from rail mounted to crawlers for increased mobility; (2) a hydraulic cooling system was added; (3) flight bars were changed from cast to forged; (4) motor horsepower increased to 200 hp from 150 hp. Emerging from these modifications came a machine known as the CL-looo Oscilloader (Fig. 1).The CL-looo Oscilloader is an electric hydraulic 35-ton machine which is crawler mounted and has a drawbar pull of 30 tons. It has an adjustable frequency, oscillating lip which simulates the digging action of a manual .shovel. This action agitates and lifts the muckpile enough to allow it to settle by gravity onto the chain and flight conveyor table which then removes the ore to the tail end for discharge into either a crusher, a conveyor, a truck, or a combination of these.Late in 1985, six oscilloaders were fabricated and put into Inco mines for field trials. At Creighton Mine some early field trials were conducted with a rail mounted continuous loader loading directly into 140 cu.ft. Granby cars. Much of the field testing was in VRM drawpoints with the Oscilloader loading into 20-ton trucks or into Teletrams . At Levack Mine, by puttmg the truck on remote control, it was possible to have the operator run the Oscilloader and load his own truck (Fig. 2). At McCreedy West Mine, Copper Cliff North Mine, and Copper Cliff South Mine, the Oscilloaders discharged directly into 26-ton trucks."

Jan 1, 1988

By P. Scinto, P. Hudson

"Modern day ore bodies are becoming increasingly harder, more abrasive and lower grade. The Mako deposit is located in Senegal and consists predominantly of primary mafic and felsic lithology that are both very competent and very abrasive ores (Axb < 30, BWi >20 and Ai >1.0). The deposit was initially discovery in 2010 and the Toro Gold management team fast tracked the Mako Project through development and into production to achieve its first gold pour in January 2018. The comminution circuit comprises primary crushing single stage SAG milling with recycle crusher (1oCR SS-SAC). The mill reached design throughput and grind size seven weeks after first ore. The Mako project marks another successful international application of single stage milling, which represents a simple and easy to operate comminution circuit for small-to-mid size projects with a low capital cost. This paper describes the ore interpretation, comminution modelling, grinding circuit selection and design, as well as an overview of the commissioning and ramp-up of the mill.INTRODUCTION The Mako Gold Project is operated by Toro Gold Ltd., which holds a 90% interest in the project. The project is located in south-eastern Senegal in the Kedougou region, close to the Gambia river and township of Mako. The Mako deposit lies in the “Kenieba Window” of eastern Senegal and western Mali, which hosts a number of gold mining operations and development projects. The Mako Gold Project has an estimated life of 8 years with overall recoverable gold estimated at 924 koz. The process plant is designed to treat 1.8Mt/a of ore and produce 128 – 143 koz of gold per annum. Lycopodium Minerals Pty Ltd (Lycopodium) was appointed to provide feasibility studies and EPCM services for the greenfield project. Forming part of consultancy services provided by Lycopodium, Orway Mineral Consultants (OMC), a subsidiary of Lycopodium, was involved in the design, commissioning, ramp up and ongoing post commissioning support of the comminution circuit."

Jan 1, 2019

By A. Roy MacLean

"Cape Breton is an island on the eastern extremity of Nova Scotia, Canada. Here, coal mining under the Atlantic Ocean has been a way of life since the early French militia mined coal for heating purposes in 1720. Despite many ups and downs over the intervening years, the coal industry has survived and is now in a favourable position to benefit from the upswing in international coal usage.Mining in Cape Breton Early mining in Cape Breton was done by hand picks and shovels. The coal was loaded into mine cars which were hauled by horses to the main haulage system for transport to surface. Later, compressed-air cutting machines and drills led to the use of explosives to blast the coal so that it could be loaded by hand and transported as above. In 1923, longwall mining (by hand) was introduced. In 1950, the Dominion Coal Company developed the Dosco continuous miner in order to mechanize the longwall coal-getting operation. At this time, conveyor belts came into wide-spread use, along with diesel locomotives to haul mine cars from the longwall face to the main transport system. During this period, coal was also mined by conventional mechanized room-and-pillar equipment such as cutting machines, loaders, roof bolters, etc. This system evolved into the use of the continuous ·miners of today, which are employed in the Lingan Mine room-and-pillar section. However, this method is only satisfactory at shallow depths and gradients. For these reasons, almost all the coal in this coal field will be mined by longwall methods. In 1968, the Government of Canada expropriated the assets of the Dominion Coal Company on Cape Breton Island in order to prevent complete closure of an uneconomic industry by its owners. The government created, by an Act of Parliament, the Cape Breton Development Corporation which now operates the coal mines, coal preparation plants, railway, shipping pier and ancillary services (Fig. 2). Since its inception, the Corporation has closed three mines, opened two new mines, is in the process of developing a third new mine, and has invested heavily in the one mine which remains from its previous owners."

Jan 1, 1985

By Gil Espejo, Denise Duncan

"In Alberta, several initiatives are under way to form partnerships between educators and industry to work together in preparing a skilled and technically competent workforce for the future. One successful initiative is the Teachers in Business program which provides high school teachers one month paid internships in Alberta businesses. Initiated by the Science Alberta Foundation in 1992, this program has offered participating teachers a variety of work experiences and job shadowing tours in industry.A Growing Need of Education and Industry PartnershipsIn our ever evolving world, industry is in a tight race to keep up to date with new technology and to remain competitive. Industry is relying on the education system to provide them with the core base for their future workforce. To accomplish this, the education system needs the support of industry to develop the right focus to prepare its students for the race. What skills will our future workforce need? How can we best prepare our students for these needs?Teaching the latest in technology, especially at the high school level, is a major challenge. It is difficult for educators to keep abreast of the rapid changes in technology. High school graduates need exposure to the latest advancements. And so do their teachers. Students must be prepared to adapt to the challenges of the future, Le. global competition, rapid technological change and an expanding knowledge base."

Jan 1, 1995

By K. Kawagishi, J. Ang, A. Sato, H. Harada

"We have recently proposed a new ""EQ Coating"" bond coat system to solve the problem of secondary reaction zone (SRZ) formation caused by bond coats applied on the hot section components of modem jet engines. A viable EQ coating alloy was previously found for a representative znd generation superalloy, TMS-82+. It would be ideal if the same could be done for a representative 5th generation superalloy, TMS-173. In this paper, we will show that the coating with the best oxidation resistance in the EQ system of TMS-173, although possessing considerably better resistance than TMS-173, did not have sufficient oxidation resistance. In order to improve the oxidation resistance of the EQ coating for TMS-173, we have ventured into ""Pseudo-EQ coatings"". A diffusion couple between the Pseudo-EQ coating and TMS-173, after 300hrs at 1100°C, had a 0-15µm IDZ, but no SRZ. A diffusion couple between a conventional coating and TMS-173 formed a 80-150 µm SRZ. After a 1 hr oxidation test at 1100°C, the PseudoEQ coating formed a thinner oxide layer than the EQ coating, but still contained NiO and spinel. Aerospace"

Jan 1, 2006

By Oliver C. Ralston

DURING the development of froth flotation for the treatment of sulphide ores, a certain amount of information was collected about a few of the nonmetallic minerals, and occasionally the gangue minerals in the sulphide ores showed an embarrassing tendency to float. However, for many years efforts were expended to develop reagents that would cause wetting and depression of these minerals. Among the nonmetallics, the minerals sulphur, graphite, and talc probably should be classified as &apos;natural floaters&apos;, and perhaps sericite. They respond to almost any type of flotation reagent, and their beneficiation by flotation had been attempted years ago. Flotation of sulphur is now common practice, and graphite was concentrated during the World War in many mills, most of which have now closed down. A talc mill has just been constructed, and another may soon be erected. Second to the &apos;natural floaters&apos; come the &apos;easy floaters&apos;, cassiterite, fluorite, barite, mica, colloidal gangue, and paper pulp from white water of paper mills. That these materials responded to some of the early flotation reagents, as oleic acid, has long been known; occasional references to their behaviour are found in the very early flotation literature and in that of today. In general, however, nonmetallic minerals, valued at $2.00 to $15.00 per ton, have for a long time been regarded as cheap products and not worth much beneficiation. Consequently, only high-grade natural deposits suitable for direct mining and sale have been gouged out. Furthermore, the mining of these minerals has too frequently been in the hands of &apos;super-practical&apos; men-men of no technical or other training, willing to work for a very low compensation. From the social standpoint, nonmetallics has been the field for small, untrained enterprisers with little money to spend on plant or equipment. But times have been changing. The impact of technically trained men on the old industry has revealed appalling losses and inefficien-cies and proved the value of processing materials discarded or avoided by the old regime.

Jan 1, 1937

By Herbert D. Drechsler, James B. Stephenson

"AbstractThe paper identifies the major components of price change which affect the determination of the internal rate of return of a mining project. It illustrates several price indexes which may be used to measure general price increases, identifying techniques which might incorporate them into mine valuation procedures. The ""hurdle rate"" for new investment is discussed.IntroductionDECISIONS regarding the value of an orebody and whether or when to mine an orebody are based on an estimate of the cash flows which would be associated with its exploitation. These pro-forma cash flows represent cash in or out of a possible mineable deposit and include exploration and construction costs, sales revenues, operating expenses, taxes, debt borrowings, interest and debt repayment. It has long been recognized that when combining the cash flows occurring over the life of the mine, dollars received or paid out early have greater value than those received or paid out later. This time value of money has been incorporated into mine evaluation calculations through the use of present-value or discounting techniques. Another factor affecting mine valuation, inflation, is not accounted for by valuation techniques now in use. In recent years, price changes have become more volatile. In the past, price change could easily be ignored when evaluating potential mines. Today, the combination of larger investments and greater price volatility leads to great concern about the effects of price change on mine valuation."

Jan 1, 1977