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By Graham A. Davis, Michael Samis

The dramatic fluctuation in metal and energy prices in the last few years is causing mining companies to consider alternative analytical methods for mine design and valuation. The goal is to improve insight into unforeseen changes in the economic and project environment and to design projects that take advantage of management's ability to respond to these changes. Such flexibly managed projects will contain value that cannot be measured using traditional engineering economic approaches, further motivating the used of alternative, modern valuation methods. This paper considers the valuation of an uneconomic low-grade resource at an open pit gold mine using two of the most popular modern valuation methods, Dynamic Discounted Cash Flow and Real Options. Our analysis demonstrates that the conventional valuation method may incorrectly represent the value and risk attached to mining this type of resource because it is unable to recognize management's ability to respond to future events in a manner that minimizes losses and exploits advantageous business conditions. The results of this paper highlight the importance of recognizing flexibility and business uncertainty in both mine design and valuation.

Jan 1, 2003

By Stuart J. Schofield

Introduction The study of the ore deposits of British Columbia is one of fascinating interest not only from a scientific but also from a commercial standpoint and certain wide problems in connection therewith have interested me for some years. Several of these problems have been set forth in papers presented before this Institute on previous occasions. In 1918 it was pointed out that the commercial ore deposits of British Columbia, with one exception, were associated with the granodiorite batholiths of upper Jurassic age. This was followed, in 1922, by a discussion of the ore deposits of British Columbia in which the mineral belts of the province were defined and named, showing a zonal arrangement of ores in which the Pacific coast deposits are characterized by the presence of copper, while the interior belt is marked by the presence of silver, lead, and gold. Methods Of Investigation In reading various reports on the economic geology of British Columbia one is struck with the fact that the mineral veins may be arranged as a system and further examination will show that such a system follows two main directions, one northeasterly and the other northwesterly, both related in origin to the same force.

Jan 1, 1925

By Harry J. Cain

Introduction The property of Pioneer Gold Mines of B. C., Limited, is located in the Lillooet mining district of British Columbia, on Cadwallader creek, 54 miles distant by motor road from Shalalth, a station on the Pacific Great Eastern railway. Milling by the present Company was commenced in 1924, a small amalgamation plant, consisting of a crusher, Bryan mill, and plates being operated until 1928. Tailing from this plant was impounded and later treated in the 100-ton continuous counter-current decantation cyanide plant which was erected during 1927-28 and placed in operation during May of 1928. A second cyanide plant, employing continuous counter-current decantation, having a nominal capacity of 200 tons, has been erected during the past few months and was put into operation during September of the present year. The ultimate capacity of the combined units of the present mill has not been determined, but it is expected to be much in excess of the rated capacity. The Ore The ore, as received at the mill, consists chiefly of quartz carrying free gold, with small amounts of pyrite, arsenopyrite, and pyrrhotite in evidence, though probably amounting to less than one per cent of the total. Some gold is very closely associated with the sulphides. The country rock is a basic igneous rock, probably an augite diorite. Near the vein it is highly altered to sericite, which slimes readily on grinding, and does not settle very well. The quartz is of two types, clear and ribbon. In the latter, the ribbons, which are not much thicker than paper, consist of shattered sulphides. In crushing this ribbon quartz, breakage is often along the streaks, exposing these shattered faces to advantage in subsequent treatment. While gold is the metal for which the ore is mined, some silver is also present and is paid for by the mint. It is, however, unimportant from a commercial viewpoint. From the standpoint of crushing and grinding, the ore might be termed 'medium 'hard'.

Jan 1, 1932

By C. O. Aksoy, H. Kose, K. Ozfirat, T. Malli, A. Gonen, S. Gurgen

In selecting mobile mining equipment, factors including availability, useful economic life, maintenance and operating costs, and spare parts availability are considered. Given these factors, trucks and shovels with different capacities are selected. Optimizing equipment for pit and hillside quarry cases, where 8% and 10% ramps are commonly in use, were examined; the effect of other mining activities such as drilling and blasting on unit cost were considered. In principle, 20 m to 25 m high benches should be economical for downhill haulage, and 7 m to 10 m low benches economical for uphill haulage. However, practice of both mining styles favours 10 m to 15 m bench heights. Hence, the analysis here was carried out with the field experience bench height range. In the study, a truck-shovel optimization was based on the movement of 5 to 20 million cubic metres (in 2.5 million cubic metre increments) of overburden stripping at the Eynez open pit mine in the Soma region of Turkey. The outcome showed that low-capacity shovels were unfavourable due to high production expectations. High-capacity shovels were also unfavourable due to health and safety issues causing high instances of impact vibration on trucks during the loading cycle and a decrease in foreseeable unit lifetimes. The number of shovel passes required to load a truck ranged from three to six. Trucks with high-capacity bodies were deemed uneconomical due to high investment and operating costs.

Jan 1, 2005

By K. Esmaieli

ABSTRACT We conducted a series of numerical experiments to investigate the influence of rock mass foliation on impact-induced damage on ore pass walls. The 2D Particle Flow Code was used to simulate three distinct rock masses surrounding an ore pass, characterized by foliation angles of 60°, 90°, and 120° (clockwise from horizontal). Subsequently, we projected a rock fragment against the ore pass walls at a constant impact angle and velocity. The resulting damage increase

Jan 1, 2014

By A. E. Gran

"QIT -Fer et Titane Inc. currently produces and markets four main products: a titania slag named SORELSLAG for the white pigment production, a high purity pig iron known as SOREL-METAL mainly used in the ductile iron casting industry, an ilmenite ore for blast furnace applications called SORELFLUX and high quality steel billets SORELSTEEL employed in the wire rod fabrication. Moreover , QIT also manufactures high quality iron and steel powders labeled ATOMET for the powder metallurgy industry through its wholly owned affiliate. Quebec Metal Powders Limited. The company operates. rock ilmenite mine near Havre St. Pierre and produces its slag and ferrous products from its metallurgical installations located in the Sorel/Tracy region. QIT. born in 1948 from a joint-venture between Kennecott Copper Corporation and New Jersey Zinc Company, was acquired from BP Minerals by RTZ Corporation PLC in 1989 and remains its wholly owned subsidiary ever since.lImenite is a mineral rich in both titanium and iron oxides. QIT's proprietary mineral enrichment and electric smelting processes permit the concentration of the ilmenite ore and the separation of its main constituents to produce a 80% TiO2, slag and a high purity molten iron which is further transformed into iron ingots (pigs), steel billets, iron and steel powders.QIT's ilmenite deposit is located in the Lake TIo-A1Iard area, 43 km inIand from Havre St. Pierre, a community on the north shore of the St. Lawrence River some 960 km from Montreal. The orebody, covering some 542 000 m2, consists primarily of coarse-grained ilmenite (FeO.TiO2) with disseminated fine lenses of hematite (Fe2O3). The worthless mineral (gangue) associated with ilmenite is mainly anorthosite, a complex silicate. QITs mining operations are carried out using conventional open pit methods in a 500 m by 600 m horse-shoe shaped mine with nine benches developed. Primary blasting is performed on a weekly basis during the mining season. Blasted ore is trucked to the crushing station to be broken down to 15 cm and 7.5 cm sizes, respectively, by means of a primary jaw crusher and a secondary cone crusher. Minus 7.S cm ilmenite is then loaded into hopper cars for the 43 km trip to the Havre St. Pierre terminal where it is stockpiled and reclaimed by under-ground conveyor chutes to a ship loading tower at the dock. The crushed ore is shipped to QIT's smelter located in Sorel in 40 000 tonne carriers from April to December."

Jan 1, 1995

By E. H. Rose

THE most useful guide to the role of lime in flotation is the view that the chemistry of any flotation operation is primarily a pattern in relative solubilities. We have the coming together of a number of minerals, reagents, fortuitous salts, water, and oxygen, many of which have not been previously in contact with each other, and every one of which is free, at least to some extent, to abandon old alliances and to form new ones. Of one thing the operator may be sure, and that is that, when equilibrium has been reached, those new chemical combinations will have formed which are the least soluble combinations possible to the environment. The laws of solution govern the operation, which means that relative concentrations are always a factor, and temperature frequently is. What the operator is really doing when he chooses his reagents .in the first place (empirically or otherwise) and works out their? optimum amounts, is to provide an environment in which (1) the least soluble possible compound of the mineral he desires to float is one which is also non-wettable, while at the same time (2) the least soluble compounds possible to the minerals he desires to depress are wettable. Since all metathesis is reversible, perfection is impossible to achieve, and the operator is constantly striving to establish that combination of concentrations which will drive each and every particular reaction as far as possible in the direction he desires it to go, in accordance with the law of molar concentration.

Jan 1, 1939

Deformation is a critical indicator required to evaluate the structural safety, stability, and integrity. For example, the deformed shape of a building structure is a key parameter that needs to be measured and tracked during laboratory testing or post-disaster inspections. However, existing techniques used for the deformation measurement and tracking do not have all the desirable characteristics, such as: reliability, accuracy, low-cost and simplicity of tools installation. In order to address this issue, a novel method has been proposed in this study. The method consists on using the image processing technique to automatically measure and track the deformations of concentrically braced frame (CBF) structures. Accordingly, the critical points in a CBF structure are first identified and the topological configuration of the structure is retrieved. The points and topological configuration characterize the basic shape of the structure. In this way, the deformation of the structure can be determined by measuring and tracking these points and their topological configuration. To show its effectiveness, the proposed method has been tested against the manual deformation measurements.

Aug 1, 2013

By D. B. Apel

As depths to the ore bodies keep increasing around the globe, the problem how to deal with the increasing temperature of undisturbed rock mass becomes very important. In extreme cases the rock temperature at the bottom of the mine could raise up to 80 °C. In deep mines, geothermal heat is considered as the primary heat load contributor, which accounts for 50?90% of the total heat load depending on different geological conditions. Thus the geothermal heat control in underground mines is the most important and demanding issue to ensure a suitable working environment. In this study, expanded perlite aggregate (EPA) was incorporated as a lightweight substitute for sand. Five mixtures were prepared using 0, 25, 50, 75 and 100% replacement ratios of sand by EPA. These, mixtures were tested in the laboratory for both the insulating and strength properties of the developed shotcrete. The goal of this research was not only to develop shotcrete which would exhibit good insulating properties but also which would exhibit strength properties similar to the regular shotcrete. This paper not only reports the results of the laboratory tests but also discusses the output of numerical model which was performed to evaluate the benefits of using the insulating shotcrete in reducing the cooling costs at hot underground mines.

Aug 1, 2013

By W. L. Brown

"The Normetal mine is about 7 miles east of the Ontario-Quebec boundary, and 13 miles north of the town of Dupuy on the Canadian National railway. The mine workings are largely on lots 44 and 45 in the south half of range 10, Desmeloizes township.The surface outcrop is reported to have been discovered by a trapper previous to 1925, but the details are obscure. The property was originally owned by the Canadian Exploration Company of Amos, Quebec, and was later transferred to Abana Mines, Limited. The latter Company carried out underground work from two shafts down to the 550-foot level. The property was acquired by Normetal Mining Corporation in 1931 and was reopened in 1933, when development work was carried down to the 800-foot level. The mine was closed down in 1935 because metal prices did not justify production at that time. It was reopened early in 1937 and milling commenced in September of that year. To the end of 1945, a total of 1,497,- 169 tons of ore was milled from which was produced 184,533 tons of copper concentrates containing 84,738,368 lb. copper, 2,744,100 oz. silver, 26,230 oz. gold, and 153,524 tons of zinc concentrates containing 163,752,433 lb . zinc."

Jan 1, 1954

By Norman R. Ball

"Many people in the mining and metallurgical industries were brought up to embrace Henry Ford's pronouncement that ""History is bunk"" but it is not generally known that the same Henry Ford created and paid for one of the finest technological museums in the Western World. I am aware that many people feel that industry history is something you ask aging executives to do or that history is a clip-andpaste compendium of pictures re-discovered every 25 years or on the occasion of issuing a press release on plant expansion. Moreover, there are many who fear historians as somewhat deranged individuals interested only in corruption, injustice and sensational labour strife. Good history lies somewhere between the controlled P.R. handout and the hysterical attack. Writing good history is a difficult creative act based on the application of experience, insight, wide knowledge and careful reasoning to available evidence. To date, the Canadian mining and metallurgical industries have achieved a great deal but left too little evidence and it is this lack of evidence which must be corrected before it is too late. It is the purpose of this article to stimulate thoughts with regard to archives, one of the more important vehicles for the preservation of such evidence."

Jan 1, 1999

By Robert B. Parsons

"The February 18, 1987, Federal Budget contains a proposed amendment which would simplify somewhat the ""successor corporation"" rules in the Income Tax Act. Despite this amendment, though, the important successor rules will continue to be relatively complex.IntroductionThe February 18, 1987, Federal Budget papers propose an income tax amendment whereby the so-called ""successor corporation"" rules would be revised by removing the present provision which limits the application of these rules to a maximum of two ""successions"". The successor corporation rules represent one of the most complicated sets of rules in the Income Tax Act. This month, Tax Notes seeks to explain these rules and the proposed amendment in simplified terms.Basically, the successor rules provide a mechanism for transferring unused exploration and development expenses from one taxpayer to another , in specified circumstances. The aforementioned limitation of two successions refers to the rule which allows a maximum of two such transfers with respect to any particular pool of deductions."

Jan 1, 1987

As part of the Australian Mineral Industries Research Association (AMIRA) P9 project, methods of characterising both the ore and the machines in flotation circuits have matured considerably over the past 15 years. Machine characteristics include gas dispersion measurements, such as bubble size, gas hold-up and superficial gas velocity. Ores can be characterised in terms of floatability parameters on a size and mineral basis. Measurements have been performed on various copper plants in many countries around the world over the last 5 years. This paper outlines the cell and ore floatability characteristics of each copper plant and provides a discussion on the differences between these plants. In general, most porphyry copper ore bodies are processed at high tonnage through several parallel banks of cells at each stage of flotation. The floatability parameters of these copper ores are very similar in terms of rate of flotation and proportion of fast, slow and non-floating material. The cell characteristics are also similar, with superficial gas velocity, bubble sizes, and gas hold-up values being of similar magnitude. Investigation of the similarities and differences of the modem copper flotation circuits has allowed an increase in understanding of the particularities of copper flotation. Comparison against other copper circuits provides a benchmark and opportunities for future optimisation.

Jan 1, 2007

By Robert S. Penczak

Red Lake Gold Deposits ? Descriptive Classification (modified from Pirie, 1982) VHR Au -- Volcanic-hosted (vein & wall-rock) replacement Au deposits ~93% of camp production Q-(T) Au -- Quartz-(tourmaline) vein Au deposits ~7% of camp production Quartz-sulphide Au deposits Porphyry-hosted sulphide Au deposits Current & Significant Past Producers Camp Production 21.6 M oz / 672 tonnes Au Other Deposits / Occurrences (Intermittent Exploration

Apr 1, 2005

By H. Clare Horwood

"Fractures and fracture zones containing veins and stringers of auriferous quartz in a quartz porphyry dyke are the principal structural features at the Howey and Hasaga gold mines. The 'break' containing the dyke was produced by a force from the northwest, the fractures in the dyke by compressive stress from the west.Both mines are in the north-central part of Heyson township, in the Red Lake area. They lie close to the southeastern side of the Dome granite stock. The Howey mine exhausted its ore reserves and ceased operations in November 1941. The Hasaga mine is producing at the present time (June, 1946).Mineralization was first discovered in the dyke in 1925 by the Howey brothers. Lorne Howey's discovery, which became the Howey mine, came into production in April, 1930; Ray Howey's find, which is now the Hasaga mine, started production in November, 1938.The total production from the Howey mine was 421,324 oz. gold and 144,253 oz. silver from 5,158,376 tons of ore hoisted ( 4,319,331 tons milled) during its 11 years of operation.The total production from the Hasaga mine from November, 1938, to December 31, 1945, was 124,434 oz. gold and 51,009 oz. silver from a total of 901,098 tons hoisted (721,361 tons milled).GENERAL GEOLOGYThe porphyry dyke containing the orebodies at the Howey and Hasaga mines lies a short distance southeast of the contact of a granite-granodiorite mass known as the Dome stock. The dyke fills a fracture trending N.65°E. in a tongue of Keewatin volcanic breccia that extends in a rather irregular manner into an elongate intrusive stock of dioritic rock known as the Howey diorite. The accompanying table presents the geological succession."

Jan 1, 1954

By M. E. Hurst

Introduction Between 1903 and 1905, W. Mclnnis, of the Geological Survey of Canada, made a micrometer traverse of the Kawinogans (Crow) river from Kapkichegimaga lake to its junction with the Otoskwin river. He reported that a belt of Keewatin rocks, 1 to 4 miles wide, was exposed along the course of the river for 17 miles east of Kapkichegimaga lake. Prospectors and exploration companies paid little attention to the mineral possibilities of this belt until the summer of 1928 when, with the adoption of airplane transportation, the area became readily accessible. Within a short time widespread interest was aroused by the announcement of attractive finds, and a mild rush followed. During the winter months, hundreds of claims were staked on either side of Crow river for 12 miles east of Pickle lake. In the summer of 1929, much of this ground was systematically explored and a considerable amount of development work was done on the known deposits.

Jan 1, 1930

By Meifeng Zhi, Yuqing Niu, Xixin Chang, Fengqi Zhao, Weimin Qiu, Hao Wang, Zhenqian Wen, Zujun Shu

An applicable Eluex process was developed for acid in-situ leaching (ISL) uranium mine in Bayanwula. In this process, uranium was adsorbed with strong base anion resin from the pregnant solution, then the loaded resin was eluted by sulfuric acid. After D2EHPA extraction, the concentrated eluate was enriched, and the loaded organic phase was stripped by sodium carbonate. The yellow cake was obtained by sodium hydroxide precipitation at last. The uranium concentration in the loaded strip solution was 52.8 g/L. Parameters of the process were determined, and the impact of the Eluex process in underground leaching was also investigated. In industrial design, 95% of raffinate went back to elution and 5% back to in-situ leaching. No significant effect on uranium leaching or resin adsorption was found.

Jan 1, 2020

By P. C. Thurston, T. Setterfield, D. H. Watkinson

"The Maybrun copper deposit IS In a succession of pillowed basaltic flows in the Wabigoon sub-province, northwestern Ontario. The rocks have primary flow morphologies and remarkably well-preserved crystallization textures, including quench-textured plagioclase, in spite of metamorphism to the amphibolite facies. The sulphide assemblage chalcopyrite-pyrrhotite-cubanite with minor sphalerite and pyrite is primarily in interpillow spaces and is stratabound. Basaltic rocks immediately enclosing the copper sulphide minerals have an enrichment in Fe, Mg and K and depletion in Ca and Na relative to surrounding flows. The Maybrun deposit is interpreted to have formed contemporaneously with volcanism and alteration, and was subsequently metamorphosed with the enclosing basalts.IntroductionThe association o f significant base metal accumulations with mafic submarine flows in the Archean is as yet poorly documented. Such deposits, where noted, have typically been small, and are therefore commonly over looked. The Maybrun Mine, a 2.6 x 106-tonne copper deposit in pillowed basalt, has many similarities with large, well-documented volcanogenic deposits. Given the interpretation of the Maybrun Mine to be volcanogenic in origin, there is n o reason why similar processes could not produce large deposit s. This is an important realization in an area where Archean submarine mafic rock s are very common, but frequently are examined only superficially. As gold commonly occurs in deposits such as Maybrun, even modest-sized deposits may be economic. The basalts at Maybrun are remarkable for amphibolite-facies rocks because of their extremely well-preserved delicate volcanic textures, including quench textures.The Maybrun Mine is one kilometre south of Atikwa Lake, in the Wabigoon sub-province of the Superior structural province, 75 km southeast of Kenora, northwestern Ontario, at longitude 93°35'W, latitude 49°25'N (Davies, 1973). Archean metavolcanic and metasedimentary rocks and intrusions underlie the area. Goodwin (1970) concluded that the mafic and minor felsic metavolcanic rocks, as well as the overlying metasedimentary rock s, were an eastward extension of the lower cycle of the Keewatin type section for the Lake of the Woods area. He estimated that the stratigraphic thickness of Keewatin rock s in this area is about 6900 m, of which 87% is basalt. The flows contain numerous interlayered sills, predominantly of basaltic composition; they have been extensively folded, faulted, metamorphosed to amphibolite facies and intruded by numerous felsic bodies, most importantly the Atikwa Batholith."

Jan 1, 1983

By M. B. M. Monte, M. L. Torem, E. R. Pecanha, A. G. Merma

The recent literature has unveiled the potential use of microbial strains in mineral bioprocessing. This study presents the use of a Gram-positive bacterium (Bacillus subtilis) as bioreagent for hematite flotation. The bacterium presents the ability to modify the properties of mineral surface (electrophoretic mobility and hydrophobicity). It was studied the electrokinetic behavior of hematite particles, before and after the interaction with the bacterial cells. The results revealed a shift of the isoelectric point (IEP) of the hematite after interaction with bacterial cells, suggesting a chemical adsorption mechanism. Moreover, after bacterial conditioning, the zeta potential curve of hematite presented high values in the alkaline pH range. The hematite and the bacterial surfaces presented contact angle values around 27.4° and 41.0°, respectively. According to the results, the B. subtilis strain was capable of modifying the hematite surface, and after interaction the hematite surface presented a contact angle value around 46.0°. The flotation tests were carried out in a modified Hallimond tube. The experiments revealed a significant increase in hematite flotability using the Gram-positive strain as bioreagent. The tests pointed out a maximum recovery of hematite in the presence of 600 mg/L and pH 5. Therefore, the results from this study showed the potential use of the B. subtilis strain as a biocollector for hematite flotation, and its possible application in the mineral flotation industry.

Jan 1, 2016

By Colin E. Dunn

The high mobility of gold within the plant kingdom results in detectable accumulations of gold in many plants. Concentrations vary within individuals, among species, and with seasons. From an evaluation of the chemistry of easily acce sible organs of common pecies in the northern forests, it is concluded that alder twigs (or leaves) and conifer bark scales are the vegetation components of greatest use in the earch for concealed gold mineralization. Maximum anomaly enhancement is obtained from twigs collected in the spring. Examples are given of urvey conducted in the La Ronge Domain using 1) jack pine bark (A nglo-Rouyn and Upise Lake areas) ; 2) alder twig (McLennan Lake) ; 3) black spruce bark (Rod Zone near Mallard Lake, and at Waddy Lake) ; and 4) multi-media (Tower Lake). At the latter two sites gold-bearing till is blanketed with late glacial material. Gold enrichment in the plants suggest that the roots are ab orbing gold from the underlying till. Complex processe control the uptake and retention of gold in plants. An understanding of these processes pem1its biogeochemistry to assist in locating near- urface mineralization .

Jan 1, 1986