Search Documents

By Rodnei Graça, Jorge Silva Bettencourt, Lena Virgínia Soares Monteiro, Baruch Spiro, Tolentino Flávio De Oliveira

Abstract - The Vazante Mine is located in the Vazante District, the largest zinc district in Brazil. The Vazante deposit consists dominantly of an unusual willemitic ore. Small sulfide bodies are tectonically imbricated with the willemitic ore, within the Vazante shear zone. Structural styles of deformation and petrographic and isotopic evidence indicate that willemitic mineralization and deformation occurred synchronously during the Neo-Proterozoic. Various generations of hydrothermal veins and hydraulic breccias may pre-date, accompany and overprint the mineralization. Ore-formation temperatures are deduced from stable isotope geothermometry and mineral chemistry of both sulfide bodies and willemitic ore. Temperatures during the main stage of mineralization range from 206°C to 294°C (willemitic ore) and 317°C (sulfides), and reflect the prevailing metamorphic conditions within the shear zone. The fluid from which the gangue minerals of the sulfide bodies precipitated (at 250°C) had an oxygen isotopic average value of ?18O = +19.4‰. This value appears to reflect the interaction of metamorphic fluid with the carbonate rocks of the Vazante formation. At 250°C, the fluid in equilibrium with the vein mineral phases and willemitic ore assemblage exhibits a uniform oxygen isotopic composition, with an average value of ?18O = +11.5‰. The positive linear covariance of ?18O and ?13C ratios of the carbonates is most likely due to the mixing of metamorphic and meteoric fluids. The ?34S values of sulfides indicate a direct crustal origin for the sulfur. It is suggested that the sulfur is largely derived from pre-existing sulfide bodies and has been transported by metamorphic fluids. The willemitic ore may have originated from the precipitation of metal in sulfur- poor fluids under oxidized conditions, within the Vazante shear zone.

Jan 1, 1999

By J. Ga?parík

The optimal selection of machine or machine group for building processes is very important role of building planner during the process of building planning. During this process building planner have to analyze several factors influencing the final effective decision concerning this problem. There are several factors and criteria for effective selection of building machines. In our contribution there are analyzed: ability of machines to realize designed building process (quality aspect), duration of mechanized process (time aspect) and minimizing of energy consumption (cost and environmental aspect). Selected scientific methods and theories of problem solution can be divided into these groups: theory of system (creation of building machine selection method), multi-criteria optimizing method (analysis of mechanized building process from the point of more optimal criteria), queuing theory (application during the mathematical modeling of mechanized soil processes), method of scientific analysis (analysis of factors influencing final decisions), method of scientific synthesis (creation of optimizing method implemented into building processes and possible application in construction sector). Multi-criteria optimizing method were during our research work implemented into soil processes and selected building group machines (excavators and trucks), which are very often used in construction and mining processes. This method can be considered as a multi-level decision making process based on multiple parameters. In our contribution is presented key mathematical models for model example solution and software built in Java, which has been created as a support for method described in this contribution. Application of this method and software will increase the effectiveness of building machine selection from the point of key criteria of optimizing: quality, time and energy consumption.

Aug 1, 2013

By W. H. Hannay

Introduction The subject matter of this paper will be treated under two heads: (1) experimental work and the development of the purification system, and (2) the operation of the commercial plant. During 1927-28, a two-ton slag-retreating plant was in operation at the smelter for experimental purposes. Details of this operation and of the commercial plant are presented in a paper by G. E. Murray, read before the Annual General Meeting of the Institute in April, 1933 (1). A point which has considerable bearing on the subject of the present paper, and which was not emphasized by Mr. Murray, is the concentration of volatile impurities in the zinc oxide fume produced. The result of the operation of the slag fuming furnace is largely to confine in a closed circuit all the minor constituents of the Sullivan concentrates, both lead and zinc. They pass into the feed of the zinc fuming furnace, with the result that all impurities which volatilize-such as arsenic, antimony, tin, fluorine, etc.-report in the zinc oxide product. The accompanying condensed flow-sheet (Figure 1) will illustrate this. The only outlet for impurities which is not shown is the small tonnage which passes the Cottrell plants. The flow-sheet would indicate the possibility of building up a prohibitive concentration of cathodic impurities in the oxide leaching plant feed. However, after three years' continuous operation this has not occurred. Should this condition arise at some future date, discard of some tonnage of blast furnace slag is indicated. In Mr. Murray's paper, the much greater flexibility of blast furnace operation, due to the slag fuming furnace, is stressed, particularly as to the lead content of the slag. The requirements of our lead refinery call for a bullion containing about 0.70 percent antimony.

Jan 1, 1934

By K. Jomoto, H. Majima

"Experimental work has been attempted to find a useful criterion of comminution which can be determined simply in a laboratory. The suitability of the ratio of the square of tensile strength to Young's modulus, St2/E, previously derived from the theory of elasticity as a criterion of comminution, was examined measuring tensile strength, Young's modulus and critical height for drop-weight impact of five different rocks. However, satisfactory correlation between St2 /E and critical height has not been obtained, suggesting the necessity of further experimental verification of the representative value of Young's modulus of rocks. The plot of St2 vs. critical height, however, shows one-to-one correspondence, and this finding suggests that St• may be a useful criterion of impact crushing. Also, a close relationship was observed between st• and the energy index for tumbling mill grinding of •the sample rocks. It is confirmed from these findings that the quantity St• is a useful criterion of comminution of rocks, not only for impact crushing but also for tumbling mill grinding. As shown in the experimental part of this paper, the determination ol St with irregularly shaped specimens is simple."

Jan 1, 1972

By V. L. Eardley-Wilmot

Introduction We are all familiar with the bright and attractive colours of the roofs of our suburban houses and country cottages, but few of us fully appreciate the complex and highly technical nature of the business which produces these roofings. Roofing granules consist of small broken particles of certain types of rocks, burned clay products, or slag. They are used either in their natural state or artificially coloured and are affixed onto one surface of asphalt sheeting. Their main functions are to protect the roof against external fire hazard, prolong its life, and enable it to withstand extremes of weather over a period of years without deteriorating. Pleasing designs and colours are added attractions. The reverse, or inner side, of the sheeting is coated with a film of talc or fine mica to prevent it sticking when rolled up for convenience of handling for transport. The finished sheets or strips are cut into a variety of shapes for roofing shingles, or for sidings which resemble rows of bricks separated by mortar. In Canada, the consumption of roofing granules has increased fourfold in the past decade and indications are that the industry will continue to expand. At present, fourteen plants are engaged in manufacturing granule-coated roofings, but, apart from a relatively small output of natural granules by two producers in British Columbia, only one eastern producer makes both natural and coloured granules in Canada, and these only for its own use. The annual consumption is now over 77,000 tons of roofing granules valued at more than $1,600,000, but about 62 per cent of the tonnage is imported. It is thus apparent that the production of Canadian-made granules, both natural and coloured, could be considerably increased. This paper is presented in order to give an outline of the industry and at the same time to point out its difficulties and pitfalls.

Jan 1, 1946

By B. Haugrud, E. McConaghy, M. Collins, G. Smith

"Laterite ore processed by the Ambatovy joint venture in Madagascar is primarily limonitic in nature, containing approximately 40–45 wt.% Fe and 1.1 wt.% Ni. The process selected for treatment of this ore considered the behaviour and deportment of iron in each step of the commercial flowsheet. Such considerations included nickel and cobalt recoveries, reagent consumptions, liquid-solid separation characteristics, and intermediate and final product purities. In this paper, the results for the first three years of commercial operation at Ambatovy are compared with the design parameters, with emphasis on the behaviour of iron.RÉSUMÉ Le minerai latéritique traité par l’entreprise commune Ambatovy au Madagascar contient principalement de la limonite, composée de 40–45 % en poids (wt%) de fer (Fe) et de 1,1 wt% de nickel (Ni). Le procédé choisi pour le traitement de ce minerai tenait compte du comportement et du maintien du fer à chaque étape du schéma de traitement commercial. Parmi les facteurs pris en compte figuraient les récupérations de nickel et de cobalt, les consommations d’agents réactifs, les caractéristiques de séparation des liquides-solides ainsi que la pureté des produits semi-fini et final. Cet article compare les résultats des trois premières années d’exploitation commerciale à Ambatovy aux paramètres d’étude, en insistant notamment sur le comportement du fer.INTRODUCTIONThe main component of nickeliferous laterite ore is iron, and the Ambatovy deposit in Madagascar is no exception. Ambatovy ore is primarily limonitic in nature, containing approximately 40–45 wt.% Fe and 1.1 wt.% Ni. The nickel content of the ore is approximately 1/40th that of the iron content by weight; therefore, successful recovery of nickel depends on close control of the behaviour of iron in the selected process.The Ambatovy area is located 80 km east of Antananarivo, the capital of Madagascar. Exploration dates back to 1960, when the Malagasy Service Géologique carried out a limited pitting and auger-drilling program. Phelps Dodge Corporation (now Freeport-McMoRan Copper & Gold, Inc.) was granted the mining rights to the property in 1995 and carried out significant resource definition, environmental assessment, and engineering studies between 1995 and 2001 (Chou, Rooke, Williams, & Hanks, 2000). In 2003, Dynatec Corporation, which was formed in 1997 by the merger of Dynatec International Ltd. and Sherritt International Consultants Inc., signed a joint venture agreement with subsidiaries of Phelps Dodge to evaluate the Ambatovy nickel project. Dynatec became extensively involved in the development of the project, including process selection and pilot plant testing in Fort Saskatchewan, Alberta (Collins et al., 2004, 2005; Collins & Vardill, 2005; Collins, Buban, Holloway, Masters, & Raudsepp, 2009). Dynatec acquired 100% of the project in 2005 and a joint venture between Dynatec, Sumitomo Corporation, Korea Resources Corporation (KORES), and SNC-Lavalin Inc. (SLI) was formed shortly thereafter to provide funding for further development. SLI was responsible for engineering, procurement, and construction management of the commercial facilities. Sherritt International Corporation reacquired Dynatec Corporation, including 40% ownership in the Ambatovy nickel project, in 2007. The current Ambatovy joint venture consists of an integrated nickel and cobalt mining, processing, refining, and marketing enterprise between subsidiaries of Sherritt (40% owner and mine and plant operator), Sumitomo Corporation (32.5% owner), and KORES (27.5% owner)."

Jan 1, 2017

By Mauro Torres, Gabriel Zarate

"AngloAmerican used the extractant M5640 at Mantos Blancos and Mantoverde and uses PT5050MD at Los Bronces Division, which are aldoxime and modifier blends. In the first case, the modifier is the esther TXIB, while in the second case is the tridecanol TDA. It is a well-known fact that the extractant degrades while the modifier does not and with time the oxime/modifier ratio can change significantly, depending on the operating conditions of each plant.In order to evaluate the effect of this varying modifier content in the plant organic, especially in the organic losses, a complete metallurgical test work program was conducted at laboratory and pilot plant scale by Flomin SNF, a new extractant supplier. Results showed that the addition of an aldoxime without the modifier did not affect the chemical performance of the extractant, but there was a significant decrease in the viscosity and density of the organic.Based on the results obtained in the metallurgical program, it was decided to run plant scale tests at the SX plants of Mantos Blancos and Mantoverde. In these tests, instead of adding extractant to maintain the organic inventory, CuPROMEX 3406 which is an unmodified aldoxime was added until the original oxime/modifier ratio was reached. This was obtained after 6 months of operation and since then both plants are running with the extractant CuPROMEX 3302 both supplied by Flomin SNF.In the case of Los Bronces, the pilot plant work was completed and it is programmed to run similar plant scale tests. In this case, the oxime/modifier ratio increased and TDA will be added until reaching the original ratio.The plant results obtained at Mantoverde and Mantos Blancos, together with the pilot plant test results obtained at Los Bronces, are discussed in this paper."

Jan 1, 2016

By C. Caballero, K. Itagaki, P. Morales, A. Moyano, J. Font

Codelco-Chile is considering different processing options for the new projected concentrate from the Alejandro Hales mine. This concentrate is featured by its high arsenic content of up to 6%. Thus, it is important for Codelco Norte Smelter to define the technical feasibility for processing this high-arsenic bearing concentrate in its main smelting unit as it is the Teniente Converter, which beside of its dual feeding system can enhance the arsenic removal by volatilization. The present paper which is a part of an extensive research work will focus in the performed industrial scale test for processing about 7,000 tonnes of a high-arsenic bearing concentrates in the Teniente Converter at the processing rate of about 2,300 tpd. The impact on the chemical quality of the produced high grade matte will be discussed, and the effect of the As removal by increasing the Teniente Converter processing rate of concentrates up to 3,000 tpd when producing 70% Cu in the white metal will also be addressed.

Jan 1, 2007

By D. H. C. Wilton, W. A. Sears

"Abstract-The 682.8 ± 1.6 Ma Tickle Point Group consists mainly of rhyolite flows and tuffs with- in the Avalon Zone of the Appalachian Orogen in Newfoundland. Stratabound massive sulfide mineralization, consisting of pyrite, sphalerite, chalcopyrite and galena, occurs at the Winter Hill prospect, where a lower pyritic, Cu-rich zone and an upper Zn-Pb-rich zone are hosted by a carbonate-calc-silicate lens. At the Frenchman Head prospect, stringers of pyrite, minor sphalerite, chalcopyrite and rare galena are hosted by felsic volcanic rocks of the Tickle Point Group .Base metal ratios, metal zonations and the overall stratigraphic framework suggest that these sulfide occurrences represent volcanogenic massive to semi-massive sulfide mineralization (stringer type at Frenchman Head). As such these prospects represent the only known VMS occurrences within the Avalon Zone of Newfoundland. Pb isotope data indicate that galena from the Winter Hill prospect is less radiogenic and older than galena from Dunnage Zone occurrences, and suggest that the Winter Hill mineralization formed in an environment tectonically distinct (exotic) from the Dunnage Zone."

Jan 1, 1996

By A. A. de Gast, R. B. James

"The metal content of ore blocks can be calculated by the use of many different methods. These methods range in sophistication from manual calculation to computer. oriented techniques. In this case a cubic polynomial regression model is developed to depict the grade distribution of an orebody. Mine production, in stope dimensions, is then simulated on a computer to predict the output of metal content. The volume, grade and variance of the grade are estimated by triple integration and matrix algebra. A case study shows reasonable agreement between the results from the mathematical model and the mine geologists' estimate of production and ore reserve grade and tonnage."

Jan 1, 1972

By T. Koulomzine, R P. Jaeggin

The claims now held by Mount Wright Iron Mines Co. Limited were acquired by staking in 1956, 1957 and 1958, i.e., some time after the major deposits of the Quebec Cartier Mining and Normanvi!le Mining Co. (formerly Quebec Cobalt & Exploration Ltd.) were already discovered and partly outlined. The choice of the location of the Mount Wright hold-ings was governed simply by the -availability of ground still open to staking and by its proximity to properties held by major iron companies. Mount Wright Iron Mines had no previous knowledge of the geology and no aeromagnetic results were available to it to guide the choice of areas to be staked. In order to explore the newly ac-quired claims it was decided to make a grid of widely spaced magnetic profiles on the ground rather than use aeromagnetics. This afforded the possibility of making some geological observations simultaneously with the geophysical measurements.

Jan 1, 1961

By D. A. Temple, G. O. John

Until recently, the approach to the problem of treating complex ores bas been to produce, insofar as is possible, mono-metal concentrates which are treated in traditional zinc, lead and copper smelting circuits, with the residues and by-products from some of these circuits being retreated for the recovery of contained values either by a separate residue treatment process or along with the primary feed to the appropriate circuit. The continued development of the Imperial Smelting Process, with its ability to treat poly-metal concentrates, calls for a re-examination of the traditional approach to this problem, and this the paper attempts to do. A survey of recent progress in the technical development of the process is made and a summary of current operational performance is included.

Jan 1, 1971

By Atul Bhatnagar, M. P. Sinha, Md Zahid Ahmad, Pallav Garg, Sanjay Kumar Singh, Shashi Ranjan, An Ecolab Company Nalco Water

"Froth Flotation is undoubtedly one of the most critical processes in coking coal washing plants. This work was carried out at Bhelatand Coal Preparation Plant of Tata Steel was with an objective of cost optimization in fine coal processing. The sources of raw coal for the plant include coal from underground mines of Jharia coalfield and procured open-cast raw coal. Coal from different sources vary in quality and possess different floatability characteristics.Synthetic collector is being used in plant as a flotation reagent. An alternate collector with new chemistry was developed for reducing total treatment cost without compromising product yield and quality. A series of laboratory tests were conducted to assess the performance of various sources of raw coal and plant scale trial was started. At first, the new generation coal collector was entirely substituted with the existing collector in the laboratory scale. However the plant scale trial data was not in accordance with laboratory results and indicated inferior flotation performanceThe issue was studied and data based conclusions were drawn that the new generation collector aids faster and uncontrollable kinetics. A decision was taken for co-dosing of the synthetic and new collector for the second phase of the trial. A detailed laboratory analysis was done again and few dosing ratios that predicted optimum results were selected for plant trial. The dosing ratio was optimised as per flotation yield and product ashes during the plant trial. The results showed significant improvement from the first phase and optimum dosing rates were decided based on plant observations and data collection. The influence of various process indicators including water quality, feed and product ashes and process yield was studied during all the trials and promising results were established. The co-dosing of both the collectors conferred cost advantage and enabled to achieve superior performance."

Jan 1, 2016

By J. J. Baz-Dresch

"The Cannon Mine, a joint venture between Asamera Minerals (the operator) and Breakwater Resources, is located in the centre of Washington state at the eastern base of the Cascade Mountains. The mine complex is located three blocks south of the city limits of Wenatchee, part of an urban area with a total population of 47 000. The closest residence is 350 feet from the mine portal.The B-Neath zone is a narrow, high-grade, downward extension of the southern tail of the mine's main ore body, the B-North zone. It also underlies the northernmost portion of the B-West zone (Fig . I) . The ore is usually reasonably competent but completely surrounded by very weak rock consisting of shear zone and unsilicified sandstones and siltstones.The zone has maximum dimensions of 420 ft in thickness, 500 ft in length , and 200 ft in width . The economic reserves extend from the 70-ft elevation (elevation above sea level) to the 630-ft elevation and consist of about 1.3 million tons of geologic reserves (proven and probable) at an average grade of 0.33 ounces per ton.Acquisition and ExplorationInitial DiscoveryThe initial discovery of the B-Neath zone was made by Tenneco Minerals during July through September, 1984. Their 22-hole surface drilling program consisted of 18 200 ft of drilling. Tenneco Minerals had acquired the 91/2 acre lease from United Mining Corporation.Asamera Minerals subsequently purchased Tenneco's lease in July, 1985; Tenneco retained a royalty position which was later purchased by Echo Bay Mining.Follow-up drilling by Asamera Minerals consisted of both surface and underground drilling. Eight surface holes (7200 ft) were drilled commencing in December, 1985. Following evaluation of the geologic data, an access drift was driven on strike along the top of the ore zone on the 500 level. Diamond drilling from this platform consisted of 17 200 ft in 79 holes."

Jan 1, 1990

By R. A. Wyman, F. E. Hanes

THE demand for high-quality aggregate is increasing in all phases of the construction industry and in all organizations associated with road building in Canada. The production of aggregate in Canada has increased almost continuously since the end of the war and has quadrupled since 1948. Increases during the past fifteen years can be accounted for by the expansion in all types of construction, particularly that of roads and highways. Total construction in 1959, based on preliminary estimates, has been valued at $7 billion, and an increase fore-cast for 1960 indicates optimism on the •construction horizon (1). Cement produced in Canada in 1959 amounted to 6.3 million tons. This is more than 2.5 times the 1948 production. Increased cement production indicates an increased use of concrete, and thus an increased need for aggregate. Natural sand and gravel deposits are gradually being depleted.

Jan 1, 1962

By C. A. Sutherland

"Smelting of copper-gold ore from nearby Rossland mines started at Trail in the 1890s. As ore from the Rossland mines became exhausted, lead smelting of hand-sorted galena ore from other British Columbia mines was initiated. With the development of flotation technology for the separation of lead, zinc, and iron sulphides in the first two decades of this century, the large Sullivan orebody at Kimberley, British Columbia, became the f oundation for the growth of a major zinc and lead smelter at Trail. Lead smelting began in 1901, electrolytic zinc in 1916, and by 1984, the Trail metallurgical complex had produced 10 million tons of each metal. Its present capacity is 270000 tonnes per year of zinc and 110 000 tonnes/year of lead.This paper reviews the history of technological changes in the Trail production plants, emphasizing the zinc plant modernization program started in the 1970s, and also the planned introduction of the QSL oxygen lead smelting process in the late 1980s. Lead modernization will increase production capacity to a maximum of 160000 tonnes per year.IntroductionCopper-gold ore was discovered at Rossland, British Columbia, in the year 1890, starting a mining industry that was to last over three decade s. Selected ore was at first transported at high cost to distant U.S. smelters, so there naturally followed a decision to construct a small copper smelter to process the local ore to matte. It was built in 1896 at the mouth of Trail Creek on the Columbia River, about 10 km from Rossland. This little smelter was to develop and diversify in the next 90 years into the world 's largest lead-zinc producer).The mining boom that occurred in the northwestern United States and southeastern British Columbia in the period of 1890 to 1910 saw the brief operation of many small local smelters. The only one to survive was the smelter at Trail. The circumstances that permitted its continued life and subsequent growth, form a fascinating history of business deals, litigation, andsteady technical progress.Early investment in local railway transportation and options by F.A. Heinze, the smelter' s founder, attracted the attention of the Canadian Pacific Railway Company, which purchased Heinze' s assets in 1898. This provided the capital base for survival and growth of the smelter, which remained and prospered under the Canadian Pacific umbrella for almost ninety years. It was registered as the Consolidated Mining and Smelting Company of Canada Limited in 1906; in 1966, this name wasshortened to Cominco Ltd.The Rossland mines continued to supply copper ore for the smelter until the late 1920s, but lead-silver ore also became available from the contemporary mining boom in the Slocan area, about 80 km away. In 1901, the Trail smelter diversified into lead; and when the CM&S Co. acquired the St. Eugene Mine at Moyie and the Sullivan Mine at Kimberley, the smelter was guaranteed a firm supply of lead ore. The company also purchased the West Kootenay Power and Light Company, which even before the turn of the century had constructed the first of four hydroelectric generating plants on the Kootenay River near Trail. This acquisition assured the CM&S smelter and its local mines of a stable power supply and the opportunity to diversify into power intensive technology."

Jan 1, 1988

By I. Vazaios, M. S. Diederichs, N. Vlachopoulos

"As rock engineering moves from continuum to more discontinuum approaches for modeling, the engineer must make decisions regarding the degree of complexity to simulate for a given application, balancing the level of structural detail within the rockmass model with computational cost and result accuracy. It is important to consider that model does not need to include all the existent fractures and that representative geometrical properties for a given rock mass volume can be defined including only major structural entities.Within this paper, the scale-dependency associated with the geometrical properties of fractured rock is investigated utilizing a Synthetic Rockmass (SRM) approach with a view to characterize such ground to aid in the design of geotechnical works. In terms of process, the concept of the Representative Elementary Volume (REV) is used to determine the equivalent structural properties of the rockmass in order to justify the applicability of far-field behaviour of such ground. A large size Discrete Fracture Network (DFN) measuring 60m x 60m x 60m has been generated using the structural data obtained from LiDAR scanning of the Brockville Tunnel, Ontario, Canada. A number of DFN samples of varying sizes are extracted from the master network, generated using MoFrac, in order to be used as a the basis of the structural analysis of the rockmass. Volumetric measurements for the density and the intensity of jointing are employed in order to approximate the geometrical REV for the networks.In this paper a complete methodology of how to generate a DFN from LiDAR data and its analysis in order to determine the size of a geometrical REV is demonstrated. For the specific rockmass found in the area of the Brockville Tunnel, a geometrical REV measuring 3.5m x 3.5m x 7m is established. The results are generally in good agreement with the in-situ observations."

Jan 1, 2015

"Option pricing is used in finance for valuing options to buy (or sell) shares at some future date because it provides a convenient framework for quantifying values subject to uncertainty. As one of the main sources of uncertainty in mining is the price (sales) of the metal, this approach can also be used for valuing mining projects.The first part of this paper reviews options and option pricing; the second part presents the approach developed by Brennan and Schwartz (1985) for using option pricing to value natural resources. Several applications of this methodology have been published; these are described. From a mining point of view, the assumptions made by Brennan and Schwartz are too simplistic. The weaknesses are discussed with a view to improving an apparently promising new way of assessing the value of projects. IntroductionThe collapse of the British merchant banking group, Barings, has highlighted the risks that can be incurred by speculators and arbitragers in the futures and options markets. But this negative attention on futures and options should not make us forget their positive aspects. They can provide producers and consumers of metals with more predictable sales prices. The introduction of the new traded average price options, TAPOS, by the London Metal Exchange in January 1997 is a response to this need. Equally important, the theory that the finance industry has developed for valuing options provides an interesting framework for valuing mineral projects as well. While this paper was being revised, the South African gold mining house, JCI, announced that it was using a methodology based on option pricing for valuing the mineral rights to deeplevel gold resources (see Box 1)."

Jan 1, 1997

By T. H. Janes

THE POSSIBILITY of producing pig iron from iron ores of British Columbia for a west coast primary iron and steel industry has been investigated by the provincial government and by commercial interests on sever.al -occasions. The latest study is that currently under way by The Consolidated Mining and Smelting Company of Canada, Limited. The Company is studying the possibility of making pig iron from the oxide calcine resulting from the roasting of pyrrhotite. tailings used in making sulphuric acid for fertilizer production at Kimberley. A comprehensive report on the subject .of establishing a primary iron and steel works in the Province, based on local iron ores, was prepared by Arthur G. Mc-Kee and Company of Cleveland, Ohio, in 1942 for the B.C. Minister of Mines and is available to interested parties. A detailed survey on the subject was also pre-pared in 1954 by Dr. G. P. Con-tractor, then .of the British Columbia Research Council. Considerable information is there-fore available on most aspects of an integrated primary iron and steel industry in British Columbia to supply the needs of the western provinces. To date, however, no basic iron industry has been established despite the .occurrence of high-grade iron ore deposits on the offshore islands and the high freight charges on iron and steel products brought into the area from Eastern Canada and overseas producers. The chief deterrent has always been the relatively small and highly diversified market available to a local steel producer. Other major fact-ors have been the lack of sufficient proven reserves of iron ore, and the difficulty of making pig iron, suit-able for steel manufacture, economically on a small scale. Technical and economic conditions have changed considerably since World War II and the establishment of a primary industry based on electric furnace production of pig iron or on one of the direct reduction processes, coupled with electric furnace steel production, may now be economically feasible.

Jan 1, 1958

By C. A. Sutherland

"Smelting of copper-gold ore from nearby Rossland mines started at Trail in the 1890s. As ore from the Rossland mines became exhausted, lead smelting offhand-sorted galena orefrom other British Columbia mines was initiated. With the development of flotation technology for the separation of lead, zinc, and iron sulphides in the first two decades of this century, the large Sullivan orebody at Kimberley, British Columbia, became the foundation for the growth of a major zinc and lead smelter at Trail. Lead smelting began in 1901, electrolytic zinc in 1916, and by 1984, the Trail metallurgical complex had produced 10 million tons of each metal. Its present capacity is 270000 tonnes per year of zinc and 110 000 tonnes/year of lead.This paper reviews the history of technological changes in the Trail production plants, emphasizing the zinc plant modernization program started in the 1970s, and also the planned introduction of the QSL oxygen lead smelting process in the late 1980s. Lead modernization will increase production capacity to a maximum of 160000 tonnes per year.IntroductionCopper-gold ore was discovered at Rossland, British Columbia, in the year 1890, starting a mining industry that was to last over three decade s. Selected ore was at first transported at high cost to distant U.S. smelters, so there naturally followed a decision to construct a small copper smelter to process the local ore to matte. It was built in 1896 at the mouth of Trail Creek on the Columbia River, about 10 km from Rossland. This little smelter was to develop and diversify in the next 90 years into the world's largest lead-zinc produce.The mining boom that occurred in the northwestern United States and southeastern British Columbia in the period of 1890 to 1910 saw the brief operation of many small local smelters. The only one to survive was the smelter at Trail. The circumstances that permitted its continued life and subsequent growth, form a fascinating history of business deals, litigation, and steady technical progress.Early investment in local railway transportation and options by F.A. Heinze, the smelter' s founder, attracted the attention of the Canadian Pacific Railway Company, which purchased Heinze' s assets in 1898. This provided the capital base for survival and growth of the smelter, which remained and prospered under the Canadian Pacific umbrella for almost ninety years. It was registered as the Consolidated Mining and Smelting Company of Canada Limited in 1906; in 1966, this name was shortened to Cominco Ltd."

Jan 1, 1988