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By John F. Dougherty

Recently, there has been much debate as to the relevance of reporting financial results using the conventional accounting systems, which is based on historical costs, during a period of rapid inflation. In the following paragraphs , the symptoms, if not the causes, of inflation, its detrimental effect on the financial soundness of business in general and the financial reporting changes being advocated to overcome perceived weaknesses in the present financial reporting system in accounting for the effects of inflation will be reviewed. Finally, a course of action as a sound approach to the financial reporting problem will be recommended.

Jan 1, 1978

By Knud Sinding

Many industries have established their own systems for self-regulation. They often do so when companies operate in countries where financial, technical, environmental and social regulation is weak and when the industry is challenged by legitimacy issues related to behaviour in one of these areas. Mining is one industry that has progressed unevenly down the road of self-regulation in these areas. This paper examines how the development of self-regulation for mines and mining companies involves difficult questions of scope, rules, membership, assessment criteria and performance evaluation. Using a range of theoretical and empirical results from research on self-regulation, performance rating and corporate strategy, this paper analyses the strategic and operational issues related to the idea of self-regulation in the mining industry. The analysis indicates that while self-regulation may bring benefits to members, they are likely to take a long time coming; but when they do arrive they may be substantial. Using the fact that in relation to technical and financial issues the industry is quite experienced in self-regulation ? not least as it is more reluctant in areas such as environmental and social performance ? the case is made for a comprehensive and innovative approach, that draws on the areas where the industry is experienced and develops new institutional solutions in the areas where the industry is more reluctant.

Aug 1, 2013

By Larry A. Morris

The environmental impacts of industrial activities have become very serious concerns of the public over the past few decades. Not surprisingly, governments have responded with legislation and regulations to force industry to operate in a more environmentally responsible manner and, more recently, have prompted industry to initiate voluntary measures in response to specific environmental issues. The concept of Product Stewardship has evolved as a system or vehicle for the industrial sector to demonstrate an active concern about the environmental impact of their products, services and processes.

Jan 1, 1996

By Larry A. Morris

The environmental impacts of industrial activities have become very serious concerns of the public over the past few decades. Not surprisingly, governments have responded with legislation and regulations to force industry to operate in a more environmentally responsible manner and, more recently, have prompted industry to initiate voluntary measures in response to specific environmental issues. The concept of Product Stewardship has evolved as a system or vehicle for the industrial sector to demonstrate an active concern about the environmental impact of their products, services and processes.

Jan 1, 1996

By D. L. Putnam

Snap Lake Mine ?? Complex dyke ore body ?? Underground operation ?? 1.1 million tonnes per annum ?? 1.2 carats per tonne ?? On-site diesel power generation ?? Supply by ice road and air ?? Milestones ? Construction commenced in 2005 ? Commissioning 2007 ? First diamonds August 2007

May 1, 2008

By M. Jayaraman

With the ever increasing demand for commodities, due to changes in lifestyle and increase in population, people are striving to find ways to keep up. Mining is one essential element in the solution. Though being a powerful boost to a country?s economy, mining can have disastrous effects in the absence of waste management practice and technologies; because of the harmful heavy metals and toxic chemical waste that is generated as a by-product in mining operations. It is an established and documented fact that pollution is a major concern for communities having to live with it. Disproportionate water consumption significantly impacts local rivers and ponds thereby reducing freshwater availability and have given rise to social conflict. In light of these misgivings, management and treatment of mine water and waste has gained considerable attention recently. In this paper, we summarize some of the treatment methods that can be adopted by mining companies to reduce their environmental footprint. Appropriate treatment solutions depend on various factors including available space and capital cost for treatment solutions, type of mining waste generated, current state of the mining plant, geographical location, and other location specific issues. Incorporating waste and water management solutions as a priority within mining operations is critical for addressing increasing regulatory requirements and a starting point for initiating other Corporate Social Responsibility (CSR) programs. Collaboration among mining companies, NGOs, local community, and government facilitates successful projects which build trust leading to long term relationships. In this paper we also talk about the benefits of implementing a CSR project that captures the focus of local communities and allows the mining company to focus on operations. Implementing a sustainable business model that incorporates the broader community impacted by projects will continue to benefit even after the mining company ceases operation in that location. The challenges involved with implementing effective CSR projects, which require measuring and reporting effectiveness to create a positive social, economic, and environmental impact is also presented in this paper.

Aug 1, 2013

By T. G. Ewart

INTRODUCTION FOR THE purpose of this paper, western bituminous coal is defined as steam coal produced in Alberta and southeastern British Columbia for sale primarily to railways and industries. Before examining present and future markets of this industry, it is proper to review briefly financial and operating conditions within the industry. The report of the Royal Commission on Coal, 1946, supplies financial data from which some conclusions may be drawn. In 1944, the industry as defined above had share capital of $24,886,696. In the fifteen years 1930 to 1944, inclusive, the industry produced: 44,364,211 tons of coal. The profit on this tonnage amounted to $4,678,382.58, which represented 10.6 cents per ton of production. Miscellaneous earnings increased the amount available for dividends to shareholders to a total of $8,487,952.41, which is equal to, 19.1 cents per ton of production. Dividends actually paid in this fifteen-year period amounted to $12,332,040.64, which represented an annual average rate of 3.40 per cent on share capital. It is worthy of note that, in 1944, the net current position of the industry, including investments, was $8,753,874.51. The writer believes that the financial position of the industry with respect to capital, current financial position, and net earnings, has not significantly changed from the fifteen-year period out-lined above. The figures quoted indicate the following situation: (1) The western bituminous coal industry is adequately financed. (2) The industry has followed a conservative dividend policy and has accrued funds for contingencies. (3) The industry has sold its production at very reasonable prices as evidenced by its moderate earnings per ton of production.

Jan 1, 1951

By K. Webb

At both the international and country level, the issue of how the mining sector and indigenous populations should engage on issues of mutual interest or concern has emerged as one of central importance and controversy; involving the mining industry, Aboriginal communities, governments, the courts, and other stakeholders. At its heart, stakeholder engagement is an ethical issue, although it manifests itself in international instruments, domestic laws, industry guidance and agreements. At the international level, the concept of ?free, prior and informed consent? (FPIC), while not subject to widespread agreement on the finer details of evolving definitions, seems to be emerging as an increasingly recognized engagement norm. Within Canada, through a series of decisions, the Supreme Court of Canada (SCC) has articulated a fiduciary obligation of the Crown to consult with and accommodate impacted Aboriginal groups on resource management issues. Provincial governments have been variously attempting to adjust their resource management regimes to stay in alignment with SCC and lower court decisions. Mining sector organizations, working with First Nations partners, have developed agreements to work together for mutual benefit. At the individual mine and community level, there have been instances of constructive engagement, as well situations of physical resistance and legal challenges. The purpose of this paper is to examine the potential impact of new rules under the Ontario Mining Act introduced in 2012 and taking full effect in 2013, which amongst other procedural specifications, addresses the issue of mining industry-Aboriginal consultation in exploration and development activities. Leading up to the passage of the regulations, representatives from some junior mineral exploration companies have been highly critical of the new rules. Similarly, there have been a range of responses to the new rules from some in the First Nations community. The paper will review the regulation in terms of its apparent alignment with SCC decisions and the international norm, compare the regulations with existing mining sector organization guidance documents, and it will draw on the stated perspectives and commentaries of First Nations communities, mining firms, governments, nongovernmental organizations, and others. Building on the foregoing, the paper will provide a preliminary analysis of the perspectives and potential impacts of the new regulation on various stakeholders, and on that basis, possible avenues for further consideration will be suggested.

Aug 1, 2013

By R. D. Corrans

"Abstract - Africa is endowed with a number of the world's giant ore deposits which have contributed significantly to the development of their host countries. Mineral exploration has a long history in the continent, but mining on an unprecedented scale took off during the latter part of the 19th century, accompanied by the development of lines of communication and other infrastructure to service the major mining centres .The ""Winds of Change"" which swept Africa in the 1950s and 1960s brought in new styles of government and economic management to a number of regions, often with demise of economic viability and infrastructure. ln recent years, with the end of the cold war, collapse of communism and changes in South Africa, new opportunities for mineral exploration are opening up rapidly in Africa. However, due to the large cost, long lead-in time, and high risk of developing new mineral ventures in the continent, it is necessary for the host countries to draft realistic and favorable mineral laws and fiscal codes in order to attract, and not deter, potential mineral investors.There will be an on-going role in mineral exploration throughout Africa for the artisanal miner, the smaller entrepreneurs and mining companies, exploration aid programs funded by the developed countries through African governments, as well as the major mining houses who have the resources to develop larger viable mineral deposits."

Jan 1, 1994

"In mineral exploration and mining applications, it is sometimes necessary to reduce sampling error in order to improve representivity of individual sample assays. Historic efforts to reduce sampling error have relied on the belief that larger samples exhibit less sampling error. Justifications for this belief traditionally have coupled the binomial theorem with an ideal geological material consisting of ore and gangue particles of equal size and shape (an equant grain model) and empirical tests of geological materials, to illustrate an inverse relationship between sample size and sampling variance. To date, no proof exists of this sample size-sampling variance relationship in real geological materials exhibiting variations in grain size, shape, composition, and degree of liberation.Using first principles calculus and the formula for the mean, sample mass and sampling variance are proven to be inversely proportional in all geological materials. Distribution assumptions and physically ideal geological models are not used in this proof. Furthermore, algebraic manipulations of expressions describing the variances of equant grain models consistent with binomial, hypergeometric, and Poisson distributions reveal that these models also exhibit an inverse sample size-sampling variance relationship. Thus, the sampling behaviors of these models are numerically consistent with the sampling behaviors of real geological materials, and these models can be used to estimate sampling errors in real geological materials using simple sampling parameters."

Jan 1, 2007

By Robert B. Parsons

"Exploration and development of mineral resources in developing countries by Canadian-based multinational mining companies is becoming increasingly common. One problem being encountered is that the objectives of the governments of developing countries can differ from those of developed countries. These objectives are not always consistent with maximizing returns from the projects, which can create conflicts between the mining company's responsibility to its shareholders and the desire to be a good corporate citizen. This article discusses how a mining tax regime can be designed to make the social goals of a government consistent with the economic goals of the company.IntroductionAt the recent International Seminar on Mining Taxation organized by CIM and the United Nations there was considerable discussion about the role of international mining companies operating in developing countries. Not surprisingly, given the diversity of backgrounds of individuals attending the Seminar, there were different opinions about what this role should be.Government PositionRepresentatives of governments pointed out the strong desires of their countries for technology, high-level technical training of their workforce, increased employment, and development of social infrastructure. They pointed out that, to a large extent, these objectives could be more efficiently met by mining companies operating in the country than by the governments themselves. For example, a multinational mining company (""MMC"") would have extensive knowledge of the various technologies available, and would have performed a detailed evaluation of the mineral resources before choosing the most cost-efficient technology for that project. They would, therefore be in an ideal position to assist the country in importing and developing such technology. Similarly, the company could provide opportunities for hands-on training, both at the technical and managerial levels, which would otherwise be unavailable to the government."

Jan 1, 1991

By M. Timmins

Campbell Mine operates a 100 tpd gold autoclave that treats sulphide concentrates at 305 psi and 200 °C. Autoclave feed consists of fresh pretreated concentrate, an acidic oxide slurry recycle as well as other high arsenic sources. The brickwork that is used to construct the five compartments of the vessel must be inspected and repaired periodically. Shutdowns are scheduled to inspect this brickwork and at times replace entire sections of the brick walls or lining. It also provides an opportunity to repair or replace other internal features such as agitator blades or oxygen spargers. Mechanics and contractors are scheduled around the clock to perform the maintenance requirements. There are many safety considerations and precautions that must be taken in order to protect the well-being of the workers and minimize damage to sensitive pieces of equipment. Heat, arsenic and lead contamination and confined space issues are just a few of the hazards involved. The following paper will describe how these safety concerns are addressed and will serve as a guide for future autoclave shutdowns.

Jan 1, 2004

By John A. Allan

Introduction There are times when meditation on the past is worth while. Too often does it happen that in the busy routine there appears t9 be little time for reflection, and little good or benefit to be derived from what has already taken place, or what has become past achievement. Under conditions such as those that prevail at present, consideration is being given to many subjects that a few years ago were not looked upon as worthy of time or thought. The temporary lull in industrial development is permitting of a stock-taking investigation, a perusal of past activities, and a planning for future development with the return to normality. It is not proposed to include much new data in this address, but the endeavour will be made to survey, in resume, the sequence of events which led up to the birth of the mining industry in Canada, and to show how, as new discoveries were made, the centres of interest changed from time to time until mineral development extended across Canada from the Atlantic to the Pacific. It will appear, also, that external causes have accentuated mineral development at one time and retarded it at another. Early Records A, historical background to the mining industry extends even to an earlier date than the discovery by white men of that part of the continent of North America represented by Canada. It has been stated that the aborigines were still in the neolithic stage when the white man arrived. One metal only was known to the natives, and that was copper, obtained from possibly many parts of Canada, but particularly from the shores of lake Superior in Ontario, from the Coppermine river on the Arctic coast, and from die coastal regions of British Columbia.

Jan 1, 1933

By M. L. Connolly

Zinc production by Cominco Ltd. began in Trail in 1916 at a rate of 55 metric tonnes per day (t/d) and was increased ,in several increments until now electrowinning capacity approaches 750 t/d. The last increment, 40-t/d high-productivity electrowinning plant, was commissioned in 1974. In this paper, the design and operating experience with both the existing electrowinning plant and the new high-productivity plant are described.

Jan 1, 1977

By Gerry Roblesky

"IntroductionWestar Mining Ltd. is Canada's largest producer of metallurgical coal for the export market. It currently operates two mines, the Balmer Mine at Sparwood, British Columbia producing 6 000 000 tonnes per year and the Greenhills operation at Elkford, producing 2 100000 tonnes per year. Approximately 1600 people are employed between the two mines which operate independently but share common administrative services.Like most mining companies in Canada over the past three or four years, Westar has faced rising production costs along with flat or declining prices and demand for its products. In order to survive under these conditions it has become necessary to strive for decreased costs in any way possible. Over the past two years there has been a widespread introduction of microcomputers across the company. In order to satisfy increasing demand for accurate and pertinent information while at the same time increasing productivity, the microcomputer has become an invaluable tool.This paper describes some of the problems faced by a mine maintenance department in this operating climate and how they were solved with the help of a microcomputer. It also describes some of the problems that may be encountered both with equipment and people and recommends some ways that these might be minimized or avoided. Finally, an assessment of whether or not the move to microcomputers was a current and economical one, and a brief description of future plans and projects is given.The Maintenance OrganizationIn order to appreciate fully the role that microcomputers are playing within the Maintenance Department at Westar Mining, a little background on the organization and operating philosophies is in order. Most of the comments apply directly to the Balmer operations, however, the Greenhills operation is similar in concept.The mine maintenance organization operates on a fleet based concept with these departments reporting to the maintenance superintendent: haulage trucks, shovels and drills, loaders and Caterpillar equipment, maintenance services, and rebuild services.Each of these departments is headed by an assistant superintendent and is responsible for all maintenance on the equipment on the respective fleet. Shift foreman, planners, specialists and clerical staff are assigned to each fleet. A central engineering and administrative group consisting of one engineer and three clerical positions is responsible for maintenance engineering and centralized administrative services"

Jan 1, 1988

By John Canterford

Quay Magnesium Limited (QMG) listed on the Australian Stock Exchange in late September 2004 having raised approximately A$30 million with the object of designing, constructing, commissioning and operating a 15,000 t/a magnesium alloy production facility in Nanjing, China, Site construction commenced in February 2005 with installation of all major components completed by the end of October 2005, Hot commissioning was simultaneously commenced with the final stages of installation, leading to the first stage of continuous ingot casting by mid November 2005, Since that time ramp-up to the name plate capacity has been undertaken, This presentation highlights some of the more significant technical and logistical hurdles that have had to be overcome in order to meet the high quality product specifications required by a range of QMG customers.

Jan 1, 2006

By R. B. Anderson, N. J. Sherren

The mining equipment at the Scully Mine, Wabush, consists of approximately twenty-five large haulage units, eight large dozer-loader applications and seventy other related pieces of service and maintenance equipment. This equipment is operating in sub-Arctic conditions. This pa-per presents a description of the tire maintenance procedures in use here and discusses the tire troubles that are being encountered and the methods of dealing with them.

Jan 1, 1969

By J. Graham Eby

"This paper describes the development and some typical applications of Wemco's large-capacity flotation machines, the No. 120 and the No. 144, with volumes of 300 and 500 cubic feet, respectively. During the 1960's, it became obvious that low-grade orebodies would be mined at high tonnage rates - plants and grinding mills would be larger, which would create a demand for larger flotation equipment. To meet this demand, Wemco developed a single-mechanism, 300-cubicfoot cell, having five times the volume of the standard No. 66 cell. The average production rate of the No. 66 cell on porphyry copper ore was 100 tpd per cell; and it was our intention that the No. 120 (300-cu. ft) cell would handle 500 tpd per cell, with at least equal metallurgical results and power consumption per ton. The success and industry acceptance of the No. 120 cell has since led to the development of a larger cell, the No. 144, having a volume of 500 cubic feet."

Jan 1, 1972

By G. Forté, R. Girard

The Alcan Bayer Process Experimental Centre (BEC) is an essential development tool for the Bauxite & Alumina researchers at the Alcan Arvida Research and Development Centre in Jonquiere, Quebec. Between the laboratory tests and the industrial prototypes or the industrial applications, the BEC is a key element for technology transfers. The Bayer process is the extraction of aluminium oxide (or alumina) from the bauxite ore. The Bayer Experimental Centre's history and flowsheet are presented. The major pieces of equipment are described. Safety and design considerations are presented. Finally, examples of applications, double digestion and pressure decantation, are briefly described.

Jan 1, 2004

By R J. Tremblay, R. R. Hoffman

This paper deals with materials of construction and problems encountered and overcome in leaching and filtration of oxidized sulphuric acid slurry in the Port Radium mill after eight years of operation. The slurry is characterized by a high calcium sulphate content as well as a high chloride level under oxidized conditions, both of which affected initial design and subsequent changes. Leach agitation tanks are of wood with a mild steel superstructure and stainless steel agitator and moving parts below solution level. Electro-polished 316 stainless steel cooling coils are used for temperature control of the slurry. The string filters are of the Oliver type with wood decking. Extensive use is made of wood, Linatex lined mild steel and stainless steel for the slurry handling. A typical analysis of the slurry solution follows:(pH-1.30) ClOa Fe+++ Free Acid UaOs c1-so.--0.10 gms/litre 10.2 gms/litre 6. 7 gms/litre 3.5 gms/litre 2.0 gms/litre 155 gms/litre

Jan 1, 1961