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By CIMVAL

This Code for the Valuation of Mineral Properties (the “CIMVAL Code”) is the result of a review more than a decade after the release in 2003 of the “Standards and Guidelines for Valuation of Mineral Properties” (the "2003 Standards"). The purpose of the review is to update the 2003 Standards to reflect domestic valuation, international valuation, and regulatory developments. The CIMVAL Code was adopted by the Canadian Institute of Mining, Metallurgy & Petroleum (the "CIM") Council on November 29, 2019. The CIMVAL Code supersedes the 2003 Standards. The 2003 Standards were dated February 2003 and were adopted by the CIM Council on March 9, 2003 as the first comprehensive set of standards for Valuation of Mineral Properties in the Canadian mining industry. The 2003 Standards followed recommendations of the Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission, where in its Final Report (January 1999), the CIM was specifically asked to form a committee of valuation practitioners to review and advise on standards for the Valuation of Mineral Properties. The Special Committee on Valuation of Mineral Properties ("CIMVAL") was created on May 5, 1999 with the mandate to recommend standards and guidelines for Valuation of Mineral Properties to be used by the mining industry in general. The CIMVAL Code is limited to the Valuation of Mineral Properties (including any interests therein) and does not cover valuation of corporations or other entities that hold Mineral Properties as assets. The CIMVAL Code does not cover petroleum and related assets. CIMVAL recommends that the CIMVAL Code be followed for all Valuations of Mineral Properties, including those required by securities administrators and stock exchanges. However, when a Valuation is required under the applicable rules of securities administrators or stock exchanges, such rules prevail to the extent of any inconsistency.

Nov 29, 2019

By David Lin

"Modal data from Red Dog Main Pit ores were collected and analysed on a size-by-size basis. The Main Pit data were compared to data from composite samples of Red Dog Aqqaluk ores. The data revealed that a large fraction of the sphalerite in the Aqqaluk baritic ore was tied up in sphalerite/galena binaries. This provided an explanation for its poor leadlzinc selectivity compared to Main Pit ores. The Aqqaluk vein ore exhibited levels of sphalerite/galena binaries comparable to that of Main Pit ores resulting in comparable lead/zinc selectivity.An attempt was made to correlate the modal and metallurgical data for Main Pit stockpiles. It was found that there was moderate correlation between the percentage of sphalerite locked in binaries with galena in the <C5>C6 size fi-action and sphalerite deportment to the leadconcentrate.INTRODUCTIONTeck Cominco’s Red Dog Mine in northern Alaska is one of the richest zinc districts in the world. Red Dog Mine has been in operation for over ten years and produces nearly 1 million tonnes of zinc concentrate per mum. Red Dog Mine is an open pit operation and current mining is conducted in the area known as the Main Pit. The Main Pit contains proven reserves of about 41 900 000 tonnes of ore grading 19.2% Zn and 5.2% Pb (Cominco 2000). To the north of the Main Pit is the Aqqaluk deposit. It contains probable reserves of 56 100 000 tonnes of ore grading 16.6% Zn and 4.1 % Pb. After the Main Pit has been exhausted, the Aqqaluk deposit will be exploited.The Aqqaluk deposit consists of three main geologic ore types: baritic, siliceous and vein. The siliceous ore type is dominant, representing 64% of the mineralisation. Composite samples of these ore types were created from drill core and batch flotation tests were performed on them. The flotation tests indicated that there were significant metallurgical differences between Main Pit ore and the Aqqaluk siliceous and baritic ore. The siliceous and baritic ores were found to suffer from poor lead/zinc selectivity (Lin 1999, G&T 1999). It was suspected that there were problems with the original Aqqaluk composite samples, thus a new set of composite samples were created and batch flotation tests were conducted again. In this set of tests, the new baritic ore still suffered from leadlzinc selectivity problems, but the new siliceous ore provided excellent metallurgical results. A summary of the flotation results is given in Table 1. Stockpile 132, which is typical of Main Pit ore, is given for comparison purposes. The mineral suite at Red Dog is relatively simple. The ore consists of galena, sphalerite and pyrite in a silicate matrix. The low zinc recoveries of the baritic ore were largely due to sphalerite losses to the lead concentrate."

Jan 1, 2002

By R. E. Johnson

Seventy years after the start of the Industrial Revolution in Great Britain, as reckoned from Arkwright&apos;s water frame patented in 1769, there was a significant development of the metallurgical industry in Virginia. In Britain, crucible steel had been rediscovered by Benjamin Huntsman in 17~0, and this made spring and tool steel more generally available. The metal-turning, screw-cutting lathe, including the basic principles recognized in today&apos;s engine lathe, was developed by Henry Maudslay about 1797. Wrought iron, as manufactured by Henry Cort&apos;s process patented in 1784, was readily available. Richard Trevithick&apos;s highpressure steam locomotive had met its test on the Pennydarren tramroad in 1804, and George Stephenson had built his famous Rocket, along with several other locomotives, at Newcastle around 1828. Puddling furnaces and a rolling mill had been placed in operation at the Tredegar Iron Works in Glyn Sirhowy, Monmouthshire, Wales, in 1807. In the United States, expanding commerce and a growing population resulted in continuing development from the Chesapeake to Virginia&apos;s Blue Ridge, and this demanded improved means of transportation. Ore deposits rich in hematite had been found in Virginia&apos;s Piedmont during the Colonial period, and a number of blast furnaces now dotted that area. The products of these operations were mostly pots, kettles, stove parts and like items for local trade. The James River and Kanawha Canal was incorporated in January 1785. Its eastern leg, winding along the slope of the high bluffs overlooking the river, was completed about 1800. About two dozen railroads were chartered in Virginia between 1830 and 1837. With expanding population and steady industrial development came a need for metallurgical products. Throughout the eastern United States, numerous metallurgical enterprises sprang up, and many of these flourished. The purpose of this article is to outline the development of one Southern metallurgical company, the Tredegar Iron Works, which was to have a significant impact on the industrial development of Virginia and the fighting of the American Civil War. Although the Tredegar Iron Works no longer exists, remnants of the early operations have been restored, and the current status of the site is also presented.

Jan 1, 1999

By W. J. Taylor, T. D. Parris

"Over 90,000 feet of raise have been bored at International Nickel underground mining operations throughout the Sudbury District since the advent of raise boring in the early part of July, 1964. With a total of 10 raise borers on hand at this time, techniques have improved steadily since introduction at INCO mines. The first unit, designed for use in rock of low compressive strength, had to be modified and redesigned to cope with Sudbury Area Precambrian rock. As equipment and boring techniques improved, a specially designed machine for larger holes was developed and is now in use. More powerful units, with a thrust capacity of up to 750,000 pounds, are under investigation. Raises have been bored up to 84-inch diameter, and the changeover to 5- and 6-foot flat reaming heads with improved cutter design has increased performance substantially. As a result, 5-foot-diameter raises have been completed to a length of 750 feet and 6- and 7-foot raises to over 500 feet. Reference is also made to the drilling of over 23,000 feet of drainage and sand-fill holes, ranging up to 7% inches in diameter, with smaller underground rotary drill equipment.Finally, a look into the future indicates the need for further improvements in equipment design to permit economic boring of 7- to 8-foot-diameter raises in Sudbury Area ground types."

Jan 1, 1972

By R. B. Rao, B. Das, J. K. Mohanty, D. S. Rao

Physical, mineralogical and geochemical characterization, along with some beneficiation approach to pre-concentrate the Ni content of the chromite overburden material of the Sukinda Valley, India, have been carried out in detail. Mineralogically, the overburden consists of geothite, quartz, hematite, magnetite and secondary silicates in varying proportions. A specific Ni mineral phase is absent in this material with the Ni and Fe being mostly enriched in finer fractions. Distribution of Ni and Fe in various size fractions and increase of Ni with increase in Fe (goethite content) indicate that goethite is the major Ni-bearing mineral phase. Quantitative estimation of goethite from chemical analysis and weight loss data indicates that the goethite quantity varies from 40% to 90%. Electron microprobe analysis (EPMA) indicates that Nirich and Ni-poor goethite are present in the overburden material. A sequential dissolution study indicates that more than 50% of the Ni are present within the goethite lattice as a lattice substitution. The results of pre-concentration studies (size classification, gravity, flotation and magnetic separation) indicate that Ni is richer in finer fractions. Further, the enrichment of Ni content is limited to 1.1% with 50% recovery by classification followed by hydrocyclone separation of the below 53 m m fraction.

Jan 1, 2000

By H. W. Smith, N. Ichiyen

A convenient method for the calculation of metallurgical balances, based on statistical treatment of all available data, is presented. An error analysis is included. Examples show the advantages of the method, and also that such balances are less precise than might be supposed.

Jan 1, 1973

By Derek V. Ellis, Jack L. Littlepage

"Marine ecosystem effects ar1smg from the discharge of man-generated wastes to the sea can be schematized as: acute poisoning, chronic poisoning, enrichment, suffocation, temperature effects, salinity effects, toxin bio-concentration, changed production rates and changed species equilibria. A professionally designed site-specific monitoring program to check for such effects can not only safeguard the marine ecosystem from degradation, but it can also protect the industry involved from unanticipated remedial action after expensive construction has been undertaken. Monitoring programs should consist of three steps. Step 1 is an ecosystem survey which should be undertaken prior to final design of the discharge system and submission of applications for permission to discharge, because there can be considerable cost savings in obtaining information at an early stage in development. Step 2 involves location of the effluent field at the time of starting discharge, and analysing its dispersal behaviour. Step 3 consists of ecosystem monitoring with sampling stations and specific tests based on the accumulated prior information."

Jan 1, 1972

By A. H. Lang

Introduction Tin continues to be as much a strategic metal as it was during the war. This situation is due to the fact that the tin mines in the major producing areas of Malaya and the Netherlands East Indies have not yet reached their pre-war production. Moreover, the world requirements for tin in certain fields, particularly in the food pack industries, are steadily increasing. At present, tin is still under International allocation by the Combined Tin Committee, of which Canada is a member nation. This Committee reviews periodically the availability of refined tin for export from the producing countries and makes allocations of tin to ensure equitable distribution to the consumer countries. In 1947, availability permitted an allocation of only 70 per cent of stated requirements. From 1935 to 1938 the price of tin in New York averaged 49 cents a pound and during the war the price in Canada was controlled under a subsidy programme at levels from 60 to 70 cents per pound. Just recently, this price has been raised to 96 cents. The value of the Canadian production amounts to about half a million dollars annually and the whole of this is obtained as a by-product of the lead-zinc-silver ores of the Sullivan mine in British Columbia. In 1947 Canada&apos;s imports of tin were 3,961 long tons valued at over $6,000,000. In addition, tin plate to a value of $8,000,000 was imported from the United States; the tin content of this is estimated to be from 650 to 700 long tons. An increase in domestic production would, therefore, be of great national importance, and the present high price may make the search for and development of tin deposits more attractive than it has been in the past. Although no one can foretell what future prices will be, there is reason to believe that, unless there is a drastic downward revision of production costs, the price will be maintained at present levels for some years. A number of tin occurrences are known in Canada, but none of these have been developed for their tin content alone.

Jan 1, 1948

By G. R. Brough

"Today it is more important than ever to get the maximum possible return on capital invested in the processing industry. To this end the plant is often operated continuously and the choice of equipment is, consequently, extremely important.Screening spans a wide range of particle sizes and there are many different types of screening elements. The following types are common:1. Cloths and elements of rubber.2. Wire mesh screens with round wires.3. Wire mesh screens with profiled wires.4. Perforated steel plates.5. Elements of plastic.6. Gratings of steel beams.7. Gratings of iron rods.We would like to deal with two of these types namely rubber and briefly on plastics.We first introduced rubber screens to the Canadian Mining Industry in November, 1963. This stemmed from a conversation with the superintendant of one of Canada's largest screening plants containing 48 vibrating screens, with an average wire cloth life of 10 to 12 days. We contacted the manufacturer of rubber screen cloths who had supplied rubber screens to a mine in Northern Sweden for a 50,000 ton per day plant in 1951."

Jan 1, 1983

By N. H. Grace

"IntroductionDURING the past half century, the economy of Western Canada was largely centred on agriculture. However, the impact of World War II has led to an acceleration in the development of a variety of natural resources so that, today, Western Canada is experiencing great industrial development. Consequently, the availability •of low-cost energy assumes prime importance. In the final analysis, industrial growth and expansion are intimately linked to the energy resources.Coal ReservesHas Western Canada adequate coal reserves to meet the present accelerating demand for power in the days that lie ahead? This question must be answered before detailed consideration can be given to the probable patterns •by which various energy sources in Western Canada may be expected to meet the expanding demand. Figure 1 indicates the extent and distribution of the Canadian coal reserves, the data having been prepared by Dr. B. R. MacKay for the Royal Commission on Coal in 1946 (1). The amount of readily recoverable coal is listed as one-half the quantities shown on the chart. It is interesting-to note that upwards of 90 per cent •of the Canadian coal reserves .are located in the three most westerly Canadian provinces. It has been estimated that the coal reserves, at the present rate of mining, would be adequate for about 3,000 years. Consequently, it may be concluded that the coal •reserves in Western Canada •are indeed adequate to meet tremendous energy demands for many centuries. When the oil and natural gas have been exhausted, the great coal reserves will still be available."

Jan 1, 1953

By A. T. Robles, L. Buckingham

"When certain gold ores containing pyrite, graphite, humates and fumates or other organic compounds which are possibly adsorbed on clay minerals are treated with aqueous solution of alkali metal cyanide, the aurocyanide complex which forms is adsorbed by these ""pregrobbing"" species in the ore. Dissolution of gold proceeds until chemical equilibrium is attained between the cyanide complex adsorbed by the ore and in solution.Sodium lauryl sulfate (SLS) may be used to decrease the adsorptive activity of the prerobbing species in the ore. It has successfully improved recovery at Holt-McDermott Mine and is highly biodegradable.INTRODUCTION Precious metal-bearing ores containing preg-robbing species are poorly amenable to standard cyanidation techniques. The ""preg-robbing"" impurities with which they are associated tend to adsorb the gold cyanide complexes and carry them through the circuit to the tailings. Also, gold may be associated with these impurities in the ore and not be leached by the cyanide complexing agents used in conventional cyanidation techniques.Methods for dealing with the problem of preg-robbinq impurities in gold ores are:Carbon-in-Leach (CIL), in which granular activated carbon is added to compete with preg-robbing species for the gold cyanide complexes. This process can improve gold recovery in mildly preg-robbing ores especially when fine carbons with very high activities are used. However, with severely graphitic ore, the carbon associated with the rock may outperform the granular activated charcoal.Chemical Oxidation, in which the ore is subjected to preliminary chemical oxidation techniques to oxidize carbonaceous materials using such diverse reagents including ozone, sodium hypochlorite, calcium hypochlorite, chlorine gas, permanganates, perchlorates, chlorates and oxygen prior to subjecting the oxidized ore to standard cyanidation treatment to extract gold. This is generally a costly method and will not prove economical on a low-grade ore."

Jan 1, 1992

By Martin Grenon

This paper presents two case studies where fracture set orientation was quantified using three methods: a simple fracture pole grouping, a Fisher distribution and a Kent distribution. The three fracture orientation representations were then used as inputs for kinematic slope stability analysis. Differences showed up in the probability of sliding for all instability modes considered.

Aug 1, 2013

By P. G. Dunn, J. Fitzgerald

ABSTRACT The scheduling of underground mining activities is a complex task that must simultaneously satisfy a large number of constraints. A schedule optimization tool (SOT) for underground mine planning is described, and its use for investigating strategic decisions is illustrated through a case study. The maincomponents of the SOT include (a) a genetic algorithm that searches for optimal schedules, (b) guidance for the application of heuristic rules, and (c) sliding, which implements just-in-time development. Findings indicated that preliminary scheduling performed before invoking the SOT, intended to provide a good starting point for the search, did not ultimately lead to higher value schedules.

Jan 1, 2010

By M. E. Bilir

In this paper, we review cases in which dramatic and visual swelling problems are experienced in underground structures. Swelling rocks have caused many problems in underground engineering projects. They pose severe problems to the design, construction and maintenance of underground openings. If an appropriate integrated design procedure, which proceeds from exploration, tests, analyses and realistic assumptions of swelling behavior, is used during the design stage, the execution of the project can be completed without any serious delays or dramatic design changes. The case histories were subdivided into three classes that include tunnels, underground coal mines and others. For the evaluation of cases, the surrounding rocks, swelling minerals, water inflow, swelling test results and swelling problems were considered. The main purpose of this review is to inform the reader about potential problems with swelling phenomenon and to emphasize the rehabilitation and extensive cost which are encountered due to the lack of necessary integrated design approaches.

Aug 1, 2013

By W A. James

The use of spectrographic semi-quantitative analysis has recently been of considerable value in establishing the geological relationships in a complicated orebody. The principal minerals found in the Mount Pleasant orebody are cassiterite, stannite, sphalerite, molybdenite, wolframite, chalcopyrite and galena, associated with arsenopyrite, pyrite and fluorite. In addition to the large number of minerals, a further com-plication is the non-uniform distribution of the economic minerals, with one mineral being the only one present in major amounts in one area and another mineral being predominant in another area. At the same time, all minerals are present to a minor extent throughout the deposit. This heterogeneity made it advisable to analyse all exploration samples thoroughly. Analysis by conventional means would have resulted in prohibitive costs. By the use of emission spectroscopy, however, it was possible to obtain, quickly and relatively inexpensively, a reasonably comprehensive picture of the orebody un-der investigation.

Jan 1, 1963

By John Convey

This short paper deals with the subject of research and its relation to productivity. All who have stopped to even think about industrial re-search and its impact on the nation-al economy take for granted that research and development are pre-requisite to increased productivity. It is another matter, however, to identify and properly evaluate the many factors entering into the relationship between the two. Some studies are currently underway in the United States on the subject, but, so far, nothing much in the way of conclusive data has come to light. In Canada, we have not yet even produced any statistical figures on national productivity, although work is now being done on this subject and information will soon be available. The usefulness of being able to measure the benefits of investment in re-search and development in terms of industrial growth or productivity need not be laboured for the benefit of those interested in research management.

Jan 1, 1964

By Larson. William

What is Lunar In-Situ Resource Utilization (ISRU)? ISRU involves any hardware or operation that harnesses and utilizes ?in-situ? resources to create products and services for robotic and human exploration In-Situ Lunar Resources ???Natural? Lunar Resources ??Discarded Materials Lunar ISRU Products and Services ??Excavation, Site Preparation, and Outpost Deployment/Emplacement ??Mission Consumable Production ??Outpost Growth and Self-Sufficiency Benefits of ISRU ??Increased science and exploration hardware (instead of consumables) ??Increased safety, crew exploration time, and self-sufficiency ??Technology spin-in/spin-offs help recycling on Earth & space economy

May 1, 2009

By K. Morin

"Silver and gold leaching by cyanidation is a well-known process used around the world. This reaction is often accompanied by the leaching of other species throughtout the cyanidation circuit that causes the diversion of cyanide towards non valuable by-products (SCN-, Cu(CN)x, Fe(CN)x, etc.). One of the detrimental impacts of the formation of these by-products is the precipitation of silver-cyanide complexes that occurs when cyanide concentration is too low. Without any extra-addition of free cyanide, the precipitated silver is lost and cannot be recovered causing an important economic loss. To overcome silver precipitation, cyanidation circuits are often operated at higher cyanide concentrations. Recently, COREM’s research team has been working on a technology to measure and control silver precipitation during the cyanidation process. Moreover, a methodology has been elaborated in order to evaluate threshold cyanide level which corresponds to the cyanide concentration at which silver starts to precipitate. This technology has been tested on site on a real cyanidation circuit at Agnico Eagle’s LaRonde mine."

Jan 1, 2014

By R. N. Chakravorty, K. K. Feng

"There is growing evidence that modern methods of mining coal increase the risk of spontaneous combustion. Seemingly unimportant at this time, this hazard could prove to be a barrier to growth and development of the coal industry in some areas of Canada. The paper presents bedrock knowledge on spontaneous combustion gathered by scanning and evaluating current technical and research literature. Special efforts have been made to identify significant coal and environmental factors and to establish criteria for susceptibility. In addition to the state-of-the-art knowledge, preliminary results from on-going studies are discussed."

Jan 1, 1973

By James W. Cassie

The Snap Lake Diamond Project is located approximately 220 km northeast of Yellowknife, NT, Canada at an approximate latitude of 63?35?. The project location is within the zone of continuous permafrost; measured ground temperatures are about ?2?C at 10 to 20 m depth below surface. The site is located on a peninsula jutting into Snap Lake. The site is generally barren of vegetation, except for some isolated areas with low trees located in topographic lows and near the shoreline of Snap Lake. As part of phased evaluation process with regards to the mining project, an Advanced Exploration Program was undertaken in 2000 and 2001. This program included the underground extraction of a bulk sample of kimberlite, which was processed on site. A Processed Kimberlite Containment (PKC) area was required as part of this program. The area chosen as the PKC facility was a small inland lake, called Inland Lake #1, on the peninsula. Construction of the PKC area required the construction of two dams, one on either end of the lake. At the south end of the lake, Dam 1 was constructed partially on a talik and partially on continuous permafrost. Dam 2 was constructed entirely on permafrost. The effects of the remote location, selection of suitable construction materials and permafrost conditions on the designs of the dams are discussed. A description of the design elements and construction schedule are provided. A review of the performance of these two dams, in terms of settlement, deformations, pore pressures and thermal regime, over the last several years is provided.

May 1, 2003