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By N. Behnood

"This paper describes how material selection, quality assurance, and failure investigation play important roles in the efficiency and safety of mining and metallurgical operations.INTRODUCTION Material selection, quality assurance, and failure investigation are all complementary elements of materials engineering in the application of materials technology for failure prevention. Based on commodity price increase of 300% between 2002 to 2013 [1] and increased cost ofcapital projects and operation, equipment failure, which in some cases causes complete shutdown of the operation, becomes a vital importance in mining and metallurgical plants. The following sections present a number of examples from many failure cases experienced by the author during his three decades of work as a materials engineer in the mining industry."

Jan 1, 2015

By J. C. Kingston

Introduction The sliding-form method of erecting concrete structures was first devised and used in the early part of this century by the Sante Fe Railroad Company for the erection of a grain elevator at Santa Fe, New Mexico. A somewhat related principle has been employed for a number of years in shaft lining work and, to our knowledge, was perfected in Butte, Montana, but until the building of the concrete headframe at the Jeffrey mine of the Canadian Johns-Manville Company, Ltd., at Asbestos, Que., the method, as applied to surface structures, was quite foreign to the mining industry in Canada. The current shortage and cost of structural steel shapes has no doubt contributed more than any other single factor to the investigations that have led to the use of reinforced concrete as a headframe building material. Mining men in western Quebec and northern Ontario have shown a great deal of interest in the design and construction of the headframe at the East Sullivan mine in Bourlamaque township, Que., and we have had many queries regarding the methods used and, in particular, for an explanation of the sliding-form principle. This article is written in an attempt to set forth the conditions which were to be met; to explain the construction methods used, and to discuss the economy of concrete headframes as compared with the conventional steel structures with which the mining fraternity is familiar.

Jan 1, 1949

By T. Hofbauer, M. J. Dry, G. B. Harris, C. W. White

"Urban Mining is a term that is increasingly being used, and represents an appreciable source of secondary materials for the metals extraction industry, a source that does not incur mining costs, but does, at present, incur considerable disposal costs. Electric Arc Furnace Dust (EAFD) is probably the most common of these materials, with an estimated global production of 8 million tonnes annually, of which 1 million tonnes is generated in North America. The contained annual metal value in EAFD at current prices is of the order of $6 billion, yet, apart from the zinc, virtually none of this is recovered.Despite many attempts over the years, with pyrometallurgical, hydrometallurgical or hybrid processes, currently the only commercially viable method of treating these materials is smelting in a Waelz Kiln (or a Rotary Hearth Furnace), which essentially recovers only the zinc, in an impure oxide form, and generates a secondary slag waste, which is still toxic and requires disposal. This paper describes the development of a chloride-based treatment process to recover all components of the EAFD in a marketable form, which centres around the novel hydrochloric acid recovery and recycle operation. Laboratory, miniplant and pilot plant data are presented, leading to the definition of a viable process flowsheet enabling the recovery of pure iron and zinc products (the principal components of EAFD), together with secondary products such as copper, silver, lead, cadmium, magnesium and manganese. A rigorous mass-energy balance is used to examine the preliminary economics involved."

Jan 1, 2014

By O. M. Arafat, J. A. Finch

"The Functional Performance Equation calculated from a plant grinding survey defines two distinct ball mill circuit efficiencies and how they relate to total production rate through the target grind size. The survey data are also used to calculate a complete ball mill size distribution model, represented by the energy specific grinding rates, not just through the target grind size, but through all the size classes. Cyclone separation performance is represented by individual size recoveries to underflow. When these two unit operation performances are entered into the circuit modelling program (Streamline™), along with the circuit feed rate and size distribution, all the circuit survey size distributions and mass flows are perfectly regenerated by the program. The many issues associated with the historical Epstein (breakage-selection) models are eliminated. Once the circuit program is populated, pump and cyclone performance changes can be evaluated using a step-by-step procedure in order to maximize Classification System Efficiency. Mill water use and media sizing opportunities are also diagnosed in order to maximize Mill Grinding Efficiency at the size of interest. An example is provided. This circuit analysis and modelling system, and related training, is provided through a web-based application.IntroductionSince its development (McIvor, 1988), the Functional Performance Equation for ball milling has facilitated new understanding of industrial circuit cause and effect relationships, leading to significant strides in operational performance. Success stories of this refreshing approach to plant circuit performance improvement are now too numerous to list. Finch and McIvor (circa 1986) also discovered that the Functional Performance “Mill Grinding Rate” at the size of interest was the same cumulative grinding rate that is calculated from mill feed and discharge size distributions using a first-order rate equation. By calculating these cumulative grinding rates for all screen sizes, a complete ball mill model is generated (as used by Finch and Ramirez, 1981). Others in industry, Hinde and Kalala (2009), for example, have noted the same. Lacking the complexity needed to maintain their interest, most researchers have ignored this model, broadly opting instead for Epstein’s (1948) characterization of grinding as a chemical reaction, combining “selection rate” and “breakage size distribution” functions. The much simpler ball mill model presented here has previously been incorporated into a proprietary circuit modeling program (McIvor, 2005) and used for plant improvement work (for example, see McIvor and Finch, 2007, and McIvor, 2014). Now, by combining this extremely business-friendly ball mill model with optimization criteria from Functional Performance Analysis, a circuit modeling system (including the needed supplementary steps to assure successful plant implementation of circuit design changes) is at the disposal of every plant metallurgist, grinding equipment/material provider, and circuit designer."

Jan 1, 2017

By M. R. Dion, K. Frenette, R. K. Jonas, S. Simard, F. Robichaud

"In 2011, a site study indicated that the application of Honeywell’s Multivariable Predictive Control Technology (MPC) to the Goldex processing facility would provide significant opportunities for improvement. Grinding MPC was implemented in the SAG Mill in June 2015. This pilot application, called Phase 1, featured one of the first Multivariable Predictive Controllers to be installed in a Canadian mineral processing plant. Since the implementation of MPC, gold recovery from the gravity circuit has increased. MPC contributed to a decrease in flotation feed particle size (120 to 112 µm) and an increase in the SAG feed tonnage (8.5% increase). MPC also increased and stabilized the % solids of the SAG feed, which can have an impact on cost reduction (mechanical maintenance). Additionally, MPC increased productivity, providing grinding operators with more time to perform other tasks. Further anticipated benefits include the standardization of the grinding circuit operation from one team to the next, thereby minimizing circuit disturbances resulting from different operating philosophies. This paper will discuss the advanced control project development and justification, the technology and rapid implementation process, the performance results and the benefits obtained.IntroductionGoldex is an underground mine located near Val-d’Or that is owned and operated by Agnico Eagle Mines Limited (AEM). Between 2008 and 2011, mining focused on the Goldex Extension Zone (GEZ). In 2011, the project was halted due to geotechnical problems; operations ceased until late 2013. Goldex operations resumed in September 2013 with the M and E zones, for which there were 0.7M gold ounces of proven and probable reserves, 2.1M ounces of measured and indicated resources and 1.2M ounces of inferred resources, totalizing 4M ounces. Life expectancy was extended until 2024."

Jan 1, 2017

OVERVIEW OF PRESENTATION ? What is LMI ? Who uses LMI and how? ? Value of LMI to the Mining Industry ? Mining Industry Workforce Information Network (MIWIN) ? The Challenge: Forecasting the future in uncertain times ? Results: Hiring requirements in the next decade ? Results: Occupational information ? Next steps

May 1, 2009

By R. Pelton, Z. Dai, S. Yang

ABSTRACT Hydrophobic polystyrene nanoparticles were evaluated as potential flotation collectors for pentlandite. The flotation of hydrophilic glass beads demonstrated the nanoparticles’ ability to induce flotation. Deposition of nanoparticles on glass surfaces increased the contact angle and enhanced adhesion of the beads to air bubbles. High flotation recoveries were achieved when 5–10% of the bead surfaces were covered with nanoparticles. Surface functionalization—the addition of vinylimidazole to polystyrene nanoparticle surfaces—caused the nanoparticles to selectively deposit onto pentlandite surfaces in the presence of Mg-Si slimes. Ongoing work includes attempts to identify specific applications where nanoparticle collectors might be cost effective. _ KEYWORDS Flotation, Nanoparticle collector, Coverage

Jan 1, 2014

By P. P. Sinha, D. N. Bhatia, B. R. Ghosh, R. K. Gupta

Medium carbon, low alloy, high-strength steels containing Ni, Cr, and Mo are used for the fabrication of various types of high-strength fasteners required for launch vehicle structures. Cold heading properties and response to hardening and tempering are the essential requirements of the material for fabrication and application, respectively. Combining these two requirements is essentially warranted in high-strength fastener-grade steels. Cold heading properties require ductility, which can be achieved through spheroidizing treatments. In the absence of a suitable spheroidizing cycle for medium carbon 3.8 Ni, 1.8 Cr, 0.3 Mo steel, experiments were carried out with a theoretical understanding of the alloy system. This paper presents the experiments and results obtained after a spheroidizing treatment, which was carried out to optimize the process. Hardness measurements were carried out and microstructural studies were conducted to assess the spheroidization process and to determine the optimal spheroidization parameters.

Jan 1, 2007

By M. Tarvainen, J. Kallioinen

"Depressed metal prices coupled with increasing production costs have presented a great challenge for operators to control and reduce the costs of production to maintain profitability. Depleting ore reserves, added to the above has forced Outokumpu to take a hard look at its operations, to develop new methods to profitably extend the life of its mines. One of the areas investigated and approved for further development has been the use of larger and more energy efficient equipment. As a result, large flotation machines were developed and today 38 and 60m3 flotation machines are in use.Secondly, ore preconcentration has been developed to avoid processing the part of the ore that has little or no mineral values.Another quite recent development and the topic of this paper, has been the use of coarse flotation before conventional flotation. The main idea is that part of the valuable mineral is separated as early as practical by floating it with specially designed flotation equipment, installed in the grinding classification circuit. The new flotation cell is specially designed for this application and differs from the conventional cells in the tank design, feed arrangement and modified mechanisms in some cases."

Jan 1, 1984

By G. Bartolacci, G. Couture, Levasseur. B., A. Lockhart, D. Nathan

"Pulp and froth zone characterization in a flotation circuit to improve transport of valuable minerals remains a challenge. Even though some significant breakthroughs have been made in the development of collectors in terms of selectivity, the control of gangue drainage is still the main bottleneck to achieve the production of a clean concentrate.Over the last decade, COREM’s team has been working on technologies to improve the selectivity of flotation circuits by tuning their hydrodynamic conditions using online instruments such as the bubble viewer, Jg sensor and gas hold-up. As part of its research program, COREM also developed the half-life column that establishes the relationship between the collection zone (bubble-particle attachment) and the cleaning zone (foam) of a flotation machine. In recent years, COREM has continued the development of the prototypes to make them more robust and improve the accuracy of their measurements.Recently, these hydrodynamic instruments were installed in an industrial process at Raglan Mine in order to diagnose and control the impact of hydrodynamic parameters versus the recovery and the quality of the Ni concentrate produced. Sampling campaigns of hydrodynamic parameters demonstrated that froth height could be optimized in order to increase recovery and quality of the concentrate at the same time. The specific effect of the froth height impacts both the pulp and the froth zones. Along with the impact on the drainage of the concentrate, it was observed that froth height also contributes to enhance the collection of particles in the pulp leading to an increase in metallic units.IntroductionOnce the particles of the minerals of interest are attached to the air bubbles injected in the pulp, the flotation process is driven by air dispersion parameters and froth properties. The pulp is usually responsible for the collision between air bubbles and hydrophobic particles of interest while the froth zone aims to upgrade the selectivity of the particles floated through drainage of the unwanted hydrophilic particles. Over the last four decades, flotation hydrodynamics has been extensively studied. Superficial gas velocity (Jg), gas hold-up (eg), Sauter mean bubble diameter measurements (d32) and bubble surface area flux (Sb) are among the most assessed parameters in flotation plants worldwide either to quantify the gas dispersion parameters or to optimize them (Fournier et al., 2015). McGill University has developed several sensors able to measure these parameters at industrial scale (Tavera et al., 1996; Finch et al., 1999; Chen et al. 2001)."

Jan 1, 2017

Pressure for Better Safety Practices ? Increase Government Regulation ? Safety practices evolve from: ? Increased efficiency and performance ? More knowledgeable workforce ? Focus on decreasing risk to shareholder value In Order to achieve this ? Focus Points: ? Skill Development ? Best practices ? Situation-based decision making ? Enablers: ? Adoption of new technologies ? Transformed miner education ? Delivering on-demand information to the point of work Results: Miners empowered to improve mine safety

Aug 1, 2013

By D. Brand

"The risk management objective of the AMIRA Code of Practice for Metal Accounting has seldom been systematically investigated in the literature up to the authors’ knowledge. Risk is defined in the Australian Standard on Risk Management (AS/NZS 4360:2004), as “the chance of something happening that will have an impact on objectives”. The simplified economic analysis performed in this paper has lead to define “something happening” as measurement non-representativity and “impact on objectives” as NSR loss from the optimal NSR. This has pinpointed a missing link being the establishment of a relation between NSR in flotation plants and measurement representativity. The proposed framework, referred to as the total cost of representativity, answers the previously unanswered question of how much accuracy/reproducibility is fit for purpose in a given flotation plant. Authors readily acknowledge that it is way easier to assess the cost of accuracy/reproducibility than the cost of inaccuracy/irreproducibility. However, this exercise not only answers previously unanswered questions but also establishes an essential link with operational excellence. This paper exposes why such operational excellence could neither be attained nor proved without a state of the art metal accounting system. This should impact not only how metal accounting systems are audited/designed/refactored, but also how flotation plants are designed.IntroductionBecause representative metal accounting is a vital source of information for the financial accounts of a mining/metallurgical company, the need for a code on metal accounting was recognized in 2001 and a team was formed in 2003, under the sponsorship of several major mining houses, to produce such a code. Table 1 exposes the two main objectives of this AMIRA Code of Practice for Metal Accounting."

Jan 1, 2017

By R. Jackman, D. Koningen, G. Wilcox

"Gowest Gold Ltd. is in the process of developing the Frankfield East gold deposit located along the largely undeveloped Pipestone fault northeast of Timmins, Ontario. In addition to resource development and environmental permitting work the company has had an ongoing program of metallurgical and engineering studies aimed at evaluating options for processing the Frankfield East ore. Mineralization at the Frankfield project contains arsenopyrite and pyrite as the major sulphide minerals. Bulk flotation of all sulphides results in extremely high gold recovery. However, the gold is almost entirely associated with the arsenopyrite fraction of the ore and is refractory in nature requiring preoxidation treatment. Selective flotation was investigated to recover a gold-arsenopyrite concentrate thereby reducing the mass which would be subjected to further gold processing. As part of this work, a pyrite concentrate low in arsenic content was also recovered that would be suitable as a source of sulphur for a smelter (or other pyrometallurgical facility). Production of separate arsenopyrite and pyrite concentrates is frequently examined but rarely adopted due to the distribution of gold between the two products or the inability to achieve adequate separation. Several flowsheet options were investigated in the study. The best results were achieved following a sequential flotation flowsheet. The flowsheet configuration was key to meeting the targets for the two products. In this paper, the various options investigated are reviewed and the results of the final flowsheet are presented. The overall plan by Gowest was to evaluate all process options to bring the Frankfield East deposit into production. The ability to effectively separate the arsenopyrite and pyrite components in the ore provides Gowest with added opportunities to pursue both short and long term production scenarios."

Jan 1, 2012

By Trevor Yeomans

"NVI Mining’s Myra Falls Operation is a forty year old underground mining operation feeding a 4000 mtpd concentrator.The current Mill, built in 1985, was designed to process a large massive sulphide ore-body. This ore-body, known as the “HW”, contains about 50% pyrite. Value minerals are chalcopyrite, and sphalerite, with precious metals occurring in all mineral types.By 1997, mining of a new ore-body, known as “Battle-Gap” commenced. Mineralogically complex, the new orebody contains about 15% pyrite, copper minerals including primary chalcopyrite, secondary bornite, chalcocite and tennantite, combined with increased galena and sphalerite.Flotation performance generally decreased with increasing amounts of Battle-Gap ore types, with both copper concentrate quality (increased lead and zinc content) and copper recoveries being affected.Following significant metallurgical testwork, a new fully sequential copper-lead-zinc flotation flowsheet and reagent scheme was developed.This sequential flowsheet was progressively installed and commissioned during 2006.Copper concentrate lead and zinc smelter penalty contents have been reduced by some 40%, whilst increasing copper recovery by 10%.INTRODUCTIONNVI Mining operates the Myra Falls Operation near Campbell River on Vancouver Island, BC. The complex has been in operation since 1966 with mining being predominantly underground. One unique feature of Myra Falls is that the mine operates within a BC Provincial Park.In 1985, a new large massive sulphide ore-body (HW) had been defined, and metallurgically tested. A new concentrator was built based upon this massive pyrite, chalcopyrite, and sphalerite mineralization producing copper and zinc concentrates by conventional flotation methods."

Jan 1, 2008

By Hossein Aminian, Daniel Hodouin, Claude Bazin, Claude Jacob

"Solvent extraction followed by electrowinning (SXEW) is an economical option for the processing of low grade and oxidized copper ore. Phenomenological models were developed to simulate the copper solvent extraction and the electrowinning processes. The two models were linked together to make a SX/EW simulator. The simulator is used to predict the operation of the mines Gaspe pilot plant put in operation in 1996. Results confirm the potential of the simulation that would subsequently be used for student training, process optimization and to assess the performances of control strategies.INTRODUCTIONSolvent extraction followed by electrowinning (SXEW) has become in the last two decades a key process for the recovery of copper from solution obtained by leaching low grade copper ore. Several operations have been commissioned in North and South Americas in the last decade (Arbiter, 1994). In Canada, Gibraltar Mine (Scott, 1991) operates a SX plant followed by electrowinning (EW) to produce copper cathode from leached low-grade ore dumps. From 1996 to 1997 Mines Gaspe operated a pilot plant to test the economical feasibility of leaching an oxidized copper ore, followed by solvent extraction and electrowinning of copper. Despite copper SX/EW processes have the reputation of being low cost operations, plant engineers should always look at way to make the plant more efficient. Process models provide an economic platform to learn, control and ultimately optimize the operation of a plant.Several models have been independently proposed to simulate the SX process (Cadman and Hsu, 1970; Medina Gomez, 1980; Wilkinson and Ingham, 1983; Garcia et al., 1988; Aminian et al., 1997) and the EW process (Bryson, 1981; Barton and Scott, 1992; Barton and Scott, 1993). However few papers, if any, deal with the integration of the two process models into a single simulator of a SX-EW plant. This paper describes the development of an integrated simulator for the SX-EW process and shows some steady-state simulation runs of an actual SX-EW pilot plant. The paper consists of four sections. The first section shows the general layout and principles of operation of a SX-EW plant.The second section describes the SX model while the third section deals with the process model used for the copper electrowinning process. The last section shows how the two process models are linked to simulate the operation of the Gaspe pilot plant."

Jan 1, 1999

By M. Muinonen, R. Pandher

Royal Nickel Corporation is developing the Dumont Nickel Project, a large nickel sulphide deposit located near the town of Amos, Québec. The nickel occurs as pentlandite, heazlewoodite, and awaruite. The relatively low grade ore can be processed to a very high grade nickel concentrate, containing 29% Ni. The absence of copper and precious metals in the ore renders this concentrate amenable to processing by dead roasting in a fluid-bed roaster and smelting in an electric furnace to produce ferronickel for sale to stainless steel producers. Laboratory test work and conceptual engineering design was completed to demonstrate the amenability of Dumont concentrate to produce ferro-nickel.

Jan 1, 2015

By K. Pirapakaran

The Geotechnical Engineering research group at James Cook University has been working closely with all the leading mines in Australia in the area of minefills. They have carried out substantial research and consulting work on the drainage and stress developments within hydraulic fills. The objective of this paper is to summarize their work during the past five years on hydraulic fills. The paper will serve as a one-stop reference, pointing to relevant literature including the authors? own publications, on various issues covering drainage and stress developments within hydraulic fills. More than 15 different hydraulic fills, representing five major mines in Australia, were studied. Their grain size distributions and placement characteristics including permeability, porosity and dry density were studied and comparisons were made with the limited in situ data available in the literature. Stress development within hydraulic fills has been studied to minimize the risk associated with barricades failure. FLAC and FLAC3D were used to model stress developments within the hydraulic fills and were compared against the approximate closed form solutions available in the literature. A laboratory model was developed to study arching effects within the hydraulic fills.

May 1, 2007

By Ronald E. Hamilton

"An attempt to review the recent literature on comminution reveals at once that the subject has many ramifications and that the applications are so diverse that there are very few general statements which can be made.It. seems reasonable to start classification on the basis of size of material as Input to the comminution process. However, we find that this can only be done in a very imprecise manner.The initial step of breaking rock from its natural state of very large pieces in geological formations into sizes suitable for processing is accomplished by blasting. This step in the process has not been ex-amined in this project except to note that great changes have been made during the last decade or so in the explosives used, and in the method of handling them. We should determine what effect changes in mining methods can have on the need for crushing.The second step in the process is usually primary crushing, performed by gyratory or jaw crushers. The largest chunk which can be fed to a jaw crusher depends on the size of the machine, and should be larger than the largest fragment produced in the miring process. It is obvious that the larger the crusher, the less care required in mining to en¬sure the absence of rocks too large to be crushed. The optimum size of crusher to minimize overall cost of mining and reduction is not at all obvious, and no information on this point has come to light in this investigation.It is rather generally accepted that size reduction is most efficiently done in small stages, and that different machines have different opti¬mum size ranges of feed. For example, crushers are preferred for sizes above about 1"", rod mills for the range between 1"" and 0.1"", ball mills are preferred from 0.1""down to perhaps 10 microns, and vibratory mills, or jet mills, below 10 microns."

Jan 1, 1976

By M. Kalin

"SUMMARYWaste management in general, and the water treatment of mine and mill effluents, has become an ever increasing burden for mining operations. A reduction in these expenditures would undoubtedly be desirable if this could in fact be achieved within effluent guidelines and monitoring requirements.A brief summary is presented of the research which has as its aim the development of methods which would reduce such costs and lead to solutions for environmentally acceptable close-out conditions for acid generating mine waters. The basic concepts of Ecological Engineering and Biological Polishing are presented, together with an indication of the present state of these research efforts. Details are provided of the progress of various experiments which aim to promote reducing conditions, organic matter production and the establishment of biological filters which remove metals from the water which are then retained within the waste management areas. These conditions should lead to a curtailment of acid drainage and an improvement in effluent quality.A description is provided of the first pilot demonstration using this approach to achieve a walk-away condition for the close-out of a massive sulphide tailings resulting from 10 years of operating a copper/zinc concentrator in Northern Ontario.1.0 INTRODUCTION1.1 Waste management and close-outIt is recognized that the achievement of a cost-effective and competitive mining operation, from the commencement of exploration for ore bodies through to the day-to-day efficient operation of the mine, requires a certain expertise and sophistication. However, the environmental effects of these activities are considered peripheral issues and their importance as an integral part of the planning and development of the mine/mill, is not always appreciated."

Jan 1, 1988

By H. R. Bullis

"A 2003 paper discussed the idea that as gold mining companies grow larger it becomes more difficult for them to discover or acquire new gold deposits large enough to replace extracted reserves on an annual basis. Deposits of the size required to replace annual production of very large gold producers (VLGPs) are statistically few. An update in 2005 reviewed VLGPs with respect to production, reserves, and reserve life and observed recent changes in the gold mining industry. Now, more than 12 years later, this paper explores how those VLGPs have fared and how the gold mining industry has changed. KEYWORDS Gold, Gold price, Production, Reserves, Very large gold producer (VLGP) RÉSUMÉ Un article de 2003 examinait le concept selon lequel, à mesure que les sociétés d’exploitation aurifère se développent, il leur devient de plus en plus difficile de découvrir ou d’acquérir de nouveaux gisements aurifères suffisamment grands pour remplacer les réserves qu’elles extraient annuellement. Statistiquement, il existe très peu de gisements de la taille requise pour remplacer la production annuelle des très gros producteurs d’or. Une mise à jour de l’article en 2005 se penchait sur la production, les réserves et la durée de vie des réserves des très gros producteurs d’or ; elle portait sur les récents chan¬gements au sein de l’industrie de l’exploitation aurifère. Aujourd’hui, plus de 12 années plus tard, cet article explore l’évolution et les résultats de ces très gros producteurs d’or, ainsi que les changements qu’a connu l’industrie de l’exploitation aurifère. MOTS CLÉS or, prix de l’or, production, réserves, très gros producteurs d’orINTRODUCTION In 2005, the world’s top five gold producing companies were Barrick (after purchasing Placer Dome; 9.1 million ounces; Barrick Gold Corporation, 2005; Placer Dome, 2005), Newmont (8.2 million ounces; Newmont Mining Corporation, 2005), AngloGold Ashanti (6.2 million ounces; AngloGold Ashanti Limited, 2005), Gold Fields (4.2 million ounces; Gold Fields Limited, 2005), and Harmony Gold (3.0 million ounces; Harmony Gold Mining Company Limited, 2005). During the years leading up to that point, there had been a flurry of activity in the gold sector directed at consolidating production and reserves to create very large gold producers (VLGPs). As defined in Bullis (2005), a VLGP is a mining company whose primary busi¬ness is gold production and that has annual gold production more than 5 million ounces. A stated corporate goal of several of the VLGPs at the time was to become the largest gold producing company in the world."

Jan 1, 2019