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By Jean M. Richardson, Steven R. Williams

"Geometallurgical mapping is a new team-based approach that documents variability within an orebody and quantifies the impact of geology (host rocks, alteration and structure) and mineralogy on grinding, metallurgical response and metal recovery processes. The quantitative, spatially constrained database that results can be readily integrated into 3-D block models and mine planning activities. Thus it is an important tool to reduce the technical risk associated with new mine developments or expansions.Normally undertaken during pre-feasibility or feasibility planning stages, the first step of geometallurgical mapping is to review the geology, mineralogy and other critical parameters and construct a geometallurgical matrix. This matrix provides an objective base to then guide sampling and/or compositing activity for physical property and metallurgical testing. Depending on the project, an array of testing techniques can be used to characterize the ore and feed data into the geometallurgical model.While the range and number of tests needed is project-dependant, the geometallurgical mapping approach allows the development of empirical models or interdependent relationships, grounded by spatially-constrained real data. Extensive data sets collected using less expensive testing methods can be meaningfully correlated with results from complex specialty tests to yield realistic metallurgical recovery data.With geometallurgical mapping completed, the resulting database can be integrated into an overall 3-D block mine model. This means that metallurgical response can be used to realistically forecast the recoveries of specific blocks, perhaps sampled only by drilling. Mine planning can then incorporate the forecasted metallurgical response and generate future project cash-flows; opening the door to economic optimization of the mine exploitation."

Jan 1, 2004

By Patrik Ericsson

During the 90?s Atlas Copco and LKAB developed a pioneering fully automatic long hole production drilling system based on the Atlas Copco Simba W469 drill rigs. These drill rigs have since then drilled about 8.000.000 drill meters at the LKAB Kiruna and Malmberget mines. In 2005 LKAB ordered three new Atlas Copco Simba W6 C, to complement Simba W469s still in operation. These new Simbas are based on the latest generation computerized drilling technology have proven to meet the expectations of LKAB and now form a base for future automation in Kiruna and Malmberget mines. This paper will present experiences from the introduction of Simba W6 C in LKAB Kiruna and Malmberget mines. The paper will also elaborate on the latest developments in remote access and remote control technology making it a common automation option available for all computerized Atlas Copco drill rigs.

May 1, 2007

By I. R. Ward

"The need for energy conservation has been of increasing concern since the early 1970's, when the cost of petroleum based energy began to escalate rapidly and security of supply became uncertain. The cost of energy from alternative sources has also increased due to development costs and environmental restrictions.These developments have had a serious impact on the mining industry, which is energy intensive. The impact is magnified as lower grade ores are treated, and more energy is consumed per unit of product. In many cases increased operating cost is not compensated by the rise in product selling price.The magnitude of energy consumption in the mining industry is indicated by recent studies conducted in the U.S.A. and Canada. Based on 1970 figures, it was reported that the production of 1 ton of copper in the U.S.A. required 111. 8 x 106 BTU of energy, of which 60. 7 x 106 BTU (54.3%) was consumed in mining and processing (l)The survey of Canadian mills, conducted by CANMET and reported to the CMP meeting of 1978 (2), showed the following milling energy consumption figures (approximate averages):"

Jan 1, 1981

By V. Dinesen

"Grinding is simply the function of reducing particles in size or creating new surface areas. This may be accomplished by many means but we will only concern ourselves with the continuous grinding process as performed in a revolving drum or mill, containing a grinding media. Such a mill consists essentially of a feed head, a cylindrical shell section and a discharge head. To prevent internal wear of these parts it is customary to attach replaceable linings over the wear areas. The specification and design of these mill liners is more important than generally conceded. As they reduce the effective internal volume of the mill, they will consequently affect the whole mill ·design and operation.A number of mill designs of various sizes are available for combined crushing and grinding of materials within a wide size range. For simplif1cahon purposes we will refer 1n particular to conditions relating to standard mill shapes having a length which is greater than the diameter. Such mills usually rotate at speeds between 60% to 85% of the critical speed and may, depending on the grinding media used, be classified as rod mills, ball mills and pebble mills.LINER MATERIALSA great variety of materials have been and are being used for mill linings. These include wood, ceramics and cements, rubber and plastic compounds, rolled and forged steels, cast steels and cast irons, both plain, alloyed and specially treated.The choice of a liner material depends on many factors. In both dry and \\.:et grinding, it may be necessary to consider product purity, colour, chemical reaction etc. but for our purpose we \viii refer to wet grinding operations as generally used within the mining industry."

Jan 1, 1972

By P. Tittes, M. Deal, M. Spicher, S. McDaniel, J. Wickens

"Haile Gold Mine is located near Kershaw, South Carolina, approximately 50 miles south of Charlotte, North Carolina. Gold was first discovered at the site in 1827, and the property has been through several operating periods since. The relatively low grade and refractory nature of the deposit has been a challenge for efficient processing since the start of mining on the property. Early processing techniques included gravity separation and barrel chlorination. The last operation employed heap leaching in 1985 through 1992. After being closed and reclaimed for over 20 years, the property is poised to re-open and produce once again. In this chapter of the Mine’s legacy, flotation and ultra-fine grinding will be employed to achieve economic extraction of gold and silver from the pyrite. This paper briefly reviews some of the mine’s history, the metallurgical testing, the flowsheet and discusses design considerations.INTRODUCTIONHaile Gold Mine is located near Kershaw, South Carolina, approximately 50 miles south of Charlotte, North Carolina. Gold was first discovered at the site in 1827, and the property has been through several operating periods since. The last operation employed heap leaching in 1985 through 1992. Since then, the property has been closed and fully reclaimed. Romarco Minerals acquired the property in 2007, and began an exploration program that has delineated over 62 tonnes (+2M ozs.) of gold in reserve at an overall grade of 2 ppm (0.06 opt). This paper provides a brief history of the property, a summary of metallurgical testing, description of the process flowsheet and discusses design considerations.HISTORY1827 – 1837Gold was discovered in creek beds on the Haile property in 1827. The property was owned by Benjamin Haile, and the first few years of production came from placer mining. After gold was discovered in schist beds to the sides of the streams, Haile expanded the operation by leasing 18 meter-square (50 ft.) plots to local planters. These planters used slaves to work the small excavations in the agricultural offseason. The gold ore was taken to arrastras where the free gold was liberated and recovered. The excavations were above the water table, generally less than 18 meters (60 ft.) down, and it was noted then that gold could be found embedded in sulfides and difficult to extract."

Jan 1, 2013

By Michael P. Amsden

"THE ECSTALL CONCENTRATOR is situated adjacent to Highway 101 and the Ontario Northland Railroad, 15 miles east of Timmins, Ontario. Ore is delivered to the concentrator by rail from the mine, which is 17 miles northwest of the plant. Power and fuel are obtained from the hydro and natural gas lines which pass close to the plant site. Water is obtained from the Frederickhouse River, 6 miles east of the concentrator. The main concentrator building is a large structure 500 by 640 feet by 90 feet high and contains facilities for fine crushing, crushed ore storage, grinding, flotation, tin recovery, concentrate handling and reagent handling. Located in the same building are the machine shop, warehouse, metallurgical laboratory, pilot plant, men's change room, sample preparation area and an assay laboratory. The general concentrator layout is shown in Figure 47. Originally designed to handle 9,000 tons per day, the concentrator now treats 10,000 tons per day. Two different ore types are processed by selective flotation in three individual circuits to recover copper, lead and zinc concentrates. In 1973, another circuit was added to recover pyrite and tin concentrates from the combined zinc tailings of the three main circuits."

Jan 1, 1974

By S. W. Stogran

"A brief summary of the environmental testing and analyses required to ensure and maintain compliance of mining properties will be discussed. Programs for new and existing properties and for properties which may be purchased will be outlined and potential solutions to problems will be discussed. In addition to the compliance aspects of operations, due diligence will be discussed.1.0 INTRODUCTIONThe impact of mining projects on the environment is an area of major concern to the public, governmental agencies and mining companies. Due to the ever increasing pressure on the government by special interest groups and the public, governments have implemented legislation to control potential environmental impact of mining, from the exploration phase through to close-out. By not planning for environmental issues during all phases of a mining operation, unavoidable delays and retrofitted environmental programmes will be expensive and cause projects to be delayed, which, ultimately, may cause the abandonment of a mining prospect. Most jurisdictions require at least one full year of background environmental data. Therefore, many thousands of dollars are wasted as construction is interfered with or held up due to data collection. This may be avoided by a thousand dollars worth of sample being collected and analyzed early in the project."

Jan 1, 1992

By M. Kalin

"Ecological Engineering, a biotechnological approach to the decommissioning of base metal mining wastes, is being tested on two pits (Gloryholes) in Newfoundland, Canada. Pit #2 has an average pH of 3.5 and flows into Pit #1 where, through additional ground water contribution, the pH is circumneutral, ranging between 5.5 to 7.The AMD in Pit #2 originates from underground workings and exposed massive sulphide on the pit walls. The overflow from Pit #1 averages about 10 L/s with less than 0.2 mg/L of Cu and 40 mg/L of Zn.Ecological Engineering utilizes organic substrate as a source of carbon and nutrients for microbial populations which can generate alkalinity and reduce metals. In 1989, limnocorrals (enclosures of 4 m diameter and approx 3 m depth) were placed in both pits to test the most suitable organic amendment (peat and sawdust). Microbial alkalinitygeneration was evident 95 days after placement of the amendment on July 4, 1989. The pH had increased after 120 days from 3.5 to 4.5 and by day 480 the pH was 7 in limnocorrals in Pit #2. Zinc concentrations in the limnocorrals in Pit #2, dropped from an average of 35 mg/L to about 2 mg/L or less, by day 480.A scaled-up experiment has been under way since August 25, 1990, where 390 m3 are treated in pit #2 and 750 m3 in Pit #1. One hundred eighty days after placement of the amendment, zinc was reduced in the acid Pit #2 from 40 mg/L to 15 mg/L. Research is underway to determine those factors which limit microbial activity."

Jan 1, 1992

By C. Larsen, E. Gratch, B. Flintoff, R. Bradburn

"In 1973 Brenda Mines Limited first investigated the potential use of a process computer to aid in the development of a control system for the concentrator grinding circuit. This initial study and its results are reviewed (1) in a previous paper.Since that time the computer system and its applications have been expanded. After the initial success of grinding circuit control, a second process computer was purchased to function as a back-up device. The two processors are currently operated in a foreground-background mode which allows extensive use of the computing facility for engineering and development work as well as operator training.Because of the relative ease of expansion, the computer has been incorporated into a flotation control system as well as an electrical peak power savings program.It is the purpose of this paper to review the successful application:; of the process computer and to indicate applications which are envisaged for the future."

Jan 1, 1978

By Christopher P. O?Connor

Stereolithography is a well known rapid prototyping technique in the manufacturing sector. Essentially it is a three dimensional printing process that produces plastic prototype parts from standard CAD files. At present, Canadian mining companies are not fully aware of the potential of Rapid Prototyping Techniques (RPTs) for their production and mine design systems. Mining engineers and geologists attempt to visualize and understand the characteristics and layouts of orebodies on computer models and in cases where it is decided to develop physical models, the process is time consuming based on simplified constructions. Rapid prototyping techniques (RPTs) such as stereolithography can facilitate engineers and geologists to quickly and with satisfactory accuracy to visualize sections of orebodies and evaluate alternative ore extraction techniques using 3D solid models. The research discussed in this paper is carried out by the Laurentian University Mining Automation Laboratory (LUMAL) in collaboration with the Department of Mines Research of Inco Limited and the Integrated Manufacturing Technologies Institute (IMTI) of the National Research Council of Canada. The main objective with this research is to evaluate the applicability of state-of-the-art RPTs (e.g. stereolithography) to underground hard rock mining systems. RPTs can play a significant role in accelerating the design and development process of mining systems.

May 1, 2002

Overview ?Oil Sands Background ?Water Use in Surface Mining ?Tailings Disposal ?Water Balance for Surface Mining ?Implications of Emerging Regulations ?Water Management Framework ?Tailings Performance Criteria (Directive 074)

May 1, 2009

By D. Eastick, S. Hardcastle

"Over the last few years, a multi-faceted feasibility study has been evaluating the introduction of hydrogen fuel cell-powered equipment into underground mines to replaced diesel engine-powered equipment. The analysis has shown that under normal operating conditions fuel cells could at the very least be an environmental and health benefit by eliminating combustion engines and their unwanted by-products. However, they could also generate significant reductions in the amount of ventilation a mine needs to supply when compared to dieselized operations; this would further decrease a mine’s energy consumption, its associated greenhouse gas impact, and also reduce a mine’s significant ventilation-associated costs. Fuel cell-powered equipment also has the advantage of lower noise and heat production compared to its equivalent diesel-powered counterpart.The degree to which fuel cells can generate ventilation benefits in underground mines depends upon a number of operational parameters and mine specific qualifiers such as current ventilation control or management, mine depth, inherent dust conditions, and minimum velocity requirements.However, another major consideration in the introduction of fuel cells in underground mines will be the safety requirements associated with diluting and removing the potentially explosive hydrogen in the event of a gas leak. In outside surface applications, it is possible to use dispersion, buoyancy, time, and lack of ignition sources as mitigating factors in deriving a low risk of an explosion. However, in underground operations, these factors change, and dispersion and buoyancy are limited; time may not be available and, in non-coal mines, ignition sources are not typically controlled. When a hydrogen leak occurs, the availability of sufficient ventilation to dilute and effectively remove the gas will be critical. Consequently, ventilation may be the prime risk controlling factor. In this paper, the authors evaluate the potential benefits of replacing diesel engines with fuel cells in powered production equipment, discuss the mitigating qualifiers that could limit ventilation savings, and evaluate solutions to retain and maintain an additional ventilation capacity in the event of an emergency situation, such as a hydrogen leak from the fuel cell stack or its distribution system."

Jan 1, 2007

By Donald Leroux, Jean-François Wilhelmy, Ahmed Bouajila

"A young private R & D organization, COREM celebrated its 10th anniversary in 2009. Managed by a consortium of nine mining and metallurgical companies, COREM has the mandate of increasing the competitiveness of its member companies through the development and transfer of mineral processing innovations. Typical technologies developed by COREM include alternative mineral processing techniques, novel operating strategies, innovative sensors and process simulation software. Many of them were developed in partnership with universities and selected research organizations.Because the COREM membership base is broad (from ferrous to base, to precious metal industries), its R & D program must deliver technologies with applications within a wide spectrum of mineral processes. Comminution, physical (gravity and magnetic) separation, flotation, cyanidation, pelletizing and thermal processes are the main topics of the R & D program. A number of new technologies have been developed and transferred to the plants of member companies. These examples of transferable technologies demonstrate the capability of COREM to impact the bottom-line of its member companies.INTRODUCTIONCOREM is a private mineral-processing R & D organization that operates from its own laboratories and pilot-plant with its own staff of professionals and technicians (about 95 persons). It is managed and financially supported by a consortium of nine mining and metallurgical companies and three provincial and federal ministries. The very ‘down-to-earth’ mission statement of COREM is to increase the competitiveness of the mineral processing plants of its members. The eighteen plants upon which the COREM technology development program is currently based can be found in Québec, Newfoundland and Labrador, New Brunswick, the Netherlands and Botswana."

Jan 1, 2010

By Pierre Lacoste-Bouchet, Ian Orford, Mike Cooper

"The Brunswick Mine ore requires fine grinding to achieve liberation of minerals. With 25mm slugs as the grinding media in the ball mill, there was a limitation of a P80 of 25 microns on the CuPb regrind circuit. Results from pilot plant testing showed that the separation efficiency could be increased through fine grinding with a P80 of 15 microns.Options considered were the capital expenditure for new fine grinding equipment such as a vertimill or the use of the present ball mill equipment with smaller media. The Wheelabrator Allevard Enterprise (WAE) millpebs product was chosen because it was a smaller media with a distribution of steel pellets between 5 to 12 mm.With millpebs the grinding product was reduced in size from a P80 of 25 microns to a P80 of less than 19 microns. The power draw to achieve the finer grind was 13% lower while the media consumption was 57% higher.The millpebs grinding media was also tested on the zinc regrind mill. The purpose of the trial was to understand what the media consumption and power draw would be with the charge lowered to achieve an equivalent grind as obtained with the slugs. The media consumption was approximately the same and the power draw was reduced by 30%.INTRODUCTIONThe Brunswick Mine ore is a complex Pb-Zn-Cu-Ag sulphide ore with the grain size of the minerals varying from submicron blebs to particles up to several mm in size. The ore is ground progressively finer in stages. The first step of grinding occurs in the SAG mill circuit. The product sizing 80% passing 95 microns is fed to the CuPb prefloat stage (Cormier et al 2002). The tails from the prefloat is then further ground to a P80 of 35 microns for the CuPb rougher flotation. The final liberation for the CuPb circuit takes place in the CuPb regrind circuit. The regrinding mill further liberates the cleaner scavenger concentrate, second cleaner tails and third cleaner tails. The reasoning for the progressive grinding is to achieve fine grinding without having galena over ground due to its high specific gravity that preferentially sends it to the cyclone underflow."

Jan 1, 2006

By Bali. D. D., S. Chattopadhyay

"The planning and construction of prime coking coal beneficiation plants in the nationalized mines in India are reviewed. Flow schemes, construction practice, materials consumption, and costs are detailed.Medium-capacity beneficiation plants with multiple loops are recommended under Indian conditions.IntroductionThe reserve of high-grade and easily washed metallurgical coal in India are quite limited. Prime coking coal constitutes approximately 22% of the total resources and occurs exclusively in the Jharia coalfield in the state of Bihar. Bharat Coking Coal Limited (a subsidiary of Coal India Limited (CIL) the nationalized mining sector of India) owns 80% of the Jharia collieries. The development of Jharia coalfield in the pre-nationalized period before 1971 has been characterized by a large number of small mines with primitive mining methods and low productivity. The production of prime coking coal to meet the demand of the steel industry in India has to increase from the existing level of 11.1 million tonnes to 43.4 million tonnes per annum by 2000 AD, thereby producing 5.61 million tonnes and 22.7 million tonnes of clean coal respectively. An ambitious program has been undertaken for development of bigger mines with an average production of 1 to 3 million tonnes per annum. With the fast dwindling reserves of good quality coking coal, more inferior grade coal seams, having difficult washing characteristics, are now being mined. All the coal from the future mines will have to be beneficiated to make it suitable for consumption of steel plants; the following washeries are being planned for construction by 2000 AD:"

Jan 1, 1986

By Julian Wills

The Candrill was developed with Soredem as a one-operator rockdrill for Canadian narrow vein mining. It provides the benefits of increased drilling rates, lower noise and vibration, mass reduction of 20% and system cost saving. The Candrill is to be commercialised at the end of 2001 together with a stoper drill through Parts Headquarters, Novatek's Canadian agent. The Candrill or pneumatic drills may be further exploited using a simple mechanised drilling system to further reduce operator labour, improve drilling speeds by up to 50% and to enhance drilling accuracy. Novatek's drilling system for simple mechanisation in gold and platinum mines is integrated with roof supports, can operate in stope widths as low as 800 mm and has resulted in labour savings of 50%, improved advances per blast of 20 to 50% and improved operator safety and ergonomics.

Oct 1, 2001

By Charles Knilans, Tassos Grammatikopoulos, Nicole Hoffmann

"Twin Metals Minnesota LLC, (TMM) has recently completed a prefeasibility study evaluating the development and operation of an underground copper (Cu), nickel (Ni), platinum (Pt), palladium (Pd), and gold (Au) mining project on the Maturi deposit in northeastern Minnesota.The Maturi deposit is a magmatic Cu-Ni-sulphide deposit occurring along the basal contact of the South Kawishiwi intrusion, comprised of heterogeneous troctolites to gabbros forming a tabular body designated the BMZ (basal mineralized zone). These rocks provide the major gangue mineralogy (plagioclase, olivine, and clinopyroxene) with local, minor rock-forming orthopyroxene, biotite, magnetite, and ilmenite. Altered silicates exist within local fracture and/or alteration zones, which are commonly associated with minor faults in the regional area. The Maturi deposit is comprised of four main mineralized zones within the BMZ, referred to as Stage 1, Stage 2 (S2), Stage 3 (S3), and Upper Heterogeneous. Chalcopyrite, cubanite, pentlandite, and pyrrhotite are mainly hosted within the S2 and S3 units, with talnakhite frequently occurring within the S3 unit.A cross-discipline approach combining geology, geochemistry, metallurgy, QEMSCAN™ mineralogy, and mine planning has been implemented to develop a preliminary geometallurgical model and life of mine metallurgical performance forecast. This paper provides an overview of the methods that were used to develop the model and forecast, and discusses the advantages of such a model in project development and evaluation.INTRODUCTIONThe TMM Project proposes mining a copper-nickel-palladium-platinum-gold-silver (Cu-Ni-PGM) magmatic sulphide deposit situated in the Duluth Complex of northeastern Minnesota, USA. The prefeasibility study proposes a 45,000 million tonnes per day mine and concentrator facility to produce two saleable concentrates. The mine will access two separate deposits, Maturi and Maturi Southwest. Saleable concentrates are the final products of the sequential flotation plant where a high grade Cu concentrate is produced followed by a Ni concentrate."

Jan 1, 2015

By K. Peake, A. Dalvi, V. Hernandez, S. Chang, M. Oliazadeh

"Ironstone Resources Ltd. is developing the Clear Hills oolitic iron ore deposit in northwest Alberta, Canada. Sources of oolitic iron ore worldwide are abundant and ubiquitous, but there is currently no commercial technology to extract iron from oolitic iron ores. Mineral processing of the ore to generate a commercial iron ore concentrate is very challenging due to the nature of these ores. Accordingly, Hatch and Ironstone are developing a new pyrometallurgical process (Hatch Ironstone Chloride Segregation) to produce metallic iron from high silica and high phosphorus oolitic iron ores. Following the chloride segregation process, the treated ore is subjected to fine grinding. The iron is then separated by magnetic separation. The iron grade and phosphorus content of the final product shows a strong dependence on the separation methodology and the grind size. The pyrometallurgical process has been developed and tested at a lab-scale pilot plant. The commercialization of this technology could provide an opportunity for the development of a new alternate iron making technology. This paper presents the results of test work done on the raw iron ore to create a concentrate and also on the products of the pyrometallurgical process for the production of a high grade 90% metallic iron product.INTRODUCTION Oolite is a sedimentary rock formed from ooids – spherical particles with concentric layers. There are a number of large oolitic iron deposits where the mineralogical form features a low iron content and high concentration of impurities making them presently impossible to exploit on either a technical or economic basis. The fifteen largest oolitic iron ore deposits in the world are estimated to contain approximately 337 billion tonnes of iron ore, which would be a significant source of supply for worldwide steel production. A viable process that can economically recover iron from these oolitic iron ore deposits could become an important new technology to meet future demand in the steel industry. Hatch and Ironstone have demonstrated that oolitic iron ores can be exploited to produce direct reduced iron (DRI). Direct reduction ironmaking is a method for producing solid metallic iron using different techniques compared to the blast furnace process, which is the more conventional ironmaking route. The demand for the construction of direct reduction ironmaking plants has increased in response to the increasing demand for crude steel. It is viewed as a method of providing low-residual iron sources to scrap-based steelmaking in electric arc furnaces."

Jan 1, 2014

By G. Lipsett, S. Dessureault

Information technology (IT) initiatives in the past have tended to be sold on their ability to maximize resource output and return on capital by allowing assets to be used more effectively and efficiently. Many IT projects fail, not delivering return on their investment. This is known in the IT industry as the “productivity paradox,” where increasing investments in IT do not result in comparable increases in productivity. Experiences and studies of most business sectors reveal that this paradox is rooted in the false assumption that more IT spending automatically results in financial benefit, whereas the benefits are in how effectively IT is used. Most business sectors have accepted that re-engineering of processes is required to gain the full benefits promised of IT. A mining operation has organizational processes similar to most business sectors, but unique operational processes. The lessons of changing business practice in more common business processes, such as inventory control and customer-supplier relationships, can be adequately transposed into a mine setting. The unique operational processes in mines, in turn, require unique redesign efforts. Several enabling information technology opportunities have recently become available, such as more integrated mine production management systems and tactical manager training simulators. This paper reviews some of the latest IT products and outlines the processes and kinds of change that will be required in order to benefit from these new investment options.

Jan 1, 2009

By J. Mackintosh Bell

External trade strongly influences the well being of all nations. In the modern economic mechanism, no country is so well endowed that it has not to import commodities from others and to export its products in turn to make good its deficiencies, to rectify or improve its financial structure. From the standpoint of international commerce, Canada is strategically well placed. On the south she is bounded by the richest country in the world. On the east she faces the Atlantic, on the west the Pacific. On both coasts there are fine harbours to which lead great lines of railway that span the continent. Canada is now fifth among the exporting nations of the world. For disposal abroad, she has enormous quantities of primary commodities and substantial amounts of manufactured goods as well. But she is far from being self-sustaining. She is unusually dependent on foreign trade, not only because of the commodities she has to sell but because of the lack of many essential articles she does not or cannot produce. To Canada, external commerce is vastly more important than internal trade. The wealth of nations is decided by their ability to produce more than they need, to sell more than they buy, and to build up favourable balances resulting from trade or services. With few countries, however, are returns perennially satisfactory. Fruitful periods are followed by leaner years. In times of prosperity foreign credits are increased, monetary systems strengthened, reserves accumulated to withstand recurring days of strain. Today, the foundations of financial systems are being re-examined, "dogmas hitherto accepted as canonical are being questioned" . It is not only in Europe and America that men search for illumination in problems arising from monetary restrictions.

Jan 1, 1933