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By Bob Robinson

In 1990, the European Space Agency (ESA) initiated a technology transfer program to stimulate the wider use of technology developed by the European and Canadian space communities. This paper focuses on the method of technology transfer from the space industry to terrestrial industries, with a focus on the mining resource sector within a program called the Harsh Environments Initiative (HEI) created in 1997. Other resource sector applications include forestry and oil & gas. C-CORE in partnership with the Mining Innovation, Rehabilitation and Applied Research Corporation (MIRARCO) supported by ESA, Canadian Space Agency (CSA) and European R&D organizations conduct projects to promote and demonstrate the transfer of innovative technologies from space to non-space industries. Space programs have and continue to develop new knowledge for extra-terrestrial application, e.g., satellite earth observation, manned missions and unmanned planetary exploration. Many of which hold the potential for application on land and ocean. Currently, space technologies of interest to the mine sector range from robotics and image analysis to sensors, software and advanced materials. The HEI works to identify and apply these types of technologies in the areas of automated/tele-controlled mine operations and mine monitoring.

May 1, 2001

By H. E. Urtubia, C. W. Bailey

"BHP-Billiton’s Minera Escondida Limitada is one of the world’s largest copper producers. It treats a combined 88 million tons of copper ore per year through its two concentrators: Los Colorados and Laguna Seca. Over the past three years, metallurgical sampling has been performed at the Laguna Seca concentrator to calibrate both the JKSimMet and JKSimFloat grinding and flotation simulators. In the past, the calibrated simulators have been used to predict the effect of changes in operating conditions in the grinding and flotation circuits separately. To assist in the development of future processing options, predictions were required of the effect of changing grinding circuit conditions on flotation performance. This was achieved by using an integrated grinding and flotation simulation. The grinding circuit performance was predicted under different operating conditions (such as tonnage rate and product grind size) using JKSimMet, and these results were then used in JKSimFloat to predict the flotation performance for the new grinding circuit product. This combination of the simulators allows both the effects of residence time and grind size on flotation performance to be investigated.This paper presents the first combined grinding and simulation modelling and simulation case study using JKSimMet and JKSimFloat. The modelling and simulation methodologies for the grinding and flotation circuits are discussed along with the circuit simulations that were performed. The simulator predictions are presented in conjunction with independent laboratory results of the new operating conditions. The ability to predict flotation circuit performance based on changes in grinding circuit performance is also discussed. This methodology provides improved predictions of flotation circuit performance when grinding circuit changes (including grinding capacity increases) are made.INTRODUCTIONOver the past decade, the grinding and flotation research groups at the Julius Krutschnitt Minerals Research Centre - JKMRC (Brisbane, Australia), University of Cape Town (Cape Town, South Africa) and McGill University (Montreal, Canada) have been developing a methodology for optimising grinding and flotation plants using actual plant data together with semi-empirical sub-process models. The project is being conducted as part of the Australian Minerals Industry Research Association (AMIRA) P9 Project, titled “The Optimisation of Mineral Processes by Modelling and Simulation”. The project first commenced in 1962 and is currently in its “Nth” phase."

Jan 1, 2007

By William Pitman

Ground instability and subsequent rock falls are a major concern in underground mines. As a result, several mining companies are conducting risk assessments of the ground support installed in their mines. Risk assessment is now commonly used to provide mine operators with a systematic process to assess the strategic risks that could lead to injury to personnel or loss of production, and evaluate possible risk control measures. Risk assessments can be carried out to identify major hazards, assess the likelihood of occurrence and consequences of each hazard and estimate the level of risk. This process allows assessment of possible remediation actions to minimize the risk and likelihood of occurrence or mitigation of the consequences to a level that is reasonable and practical. This paper presents two practical mine applications of qualitative risk assessment of ground support to highlight the benefits of this process. Yearly or bi-yearly risk assessment of mine excavations can assist mine operators in prioritizing resources and areas that require support remediation. In addition, it provides a mechanism for proactive response to reduce potential risks associated with personnel safety, equipment safety and environmental impact. It also provides a baseline against which changes in ground condition can be compared and quantified.

May 1, 2004

By Terry Braden

"Meeting probable world mineral demand in the years ahead will almost certainly require an ability to economically treat lower grade and more complex ores. Achieving this will require extensive research and technical development across the full spectrum of mineral processing.For mid-sized or smaller companies the most effective way to participate in such extensive programs - and gain access to the technology required to stay competitive - may be through collaborative research.This paper explores the recent history of collaborative research in mineral processing and in particular its ability to attract world-class multi-institutional research teams with sufficient resources to make step-change advances. It chronicles the advances achieved, but also explores the research architecture and administrative structures required to deliver research outcomes and technology transfer mechanisms to a range of often disparate sponsoring companies.INTRODUCTIONIn medieval times the dream of alchemists was to turn base metals into gold. We modern alchemists, of course, don’t waste our time on that sort of foolishness: we turn base metals into dollars. When I see the profit reports filed by some companies recently, I can only conclude that a lot of those present today must be pretty good at this.But the fact that we are here at this conference reminds us that an alchemist’s work is never done; turning base metals into dollars is not a one-trick wonder but an art that we must extensively refine year after year if we are to survive in a competitive marketplace.It is not that demand for metals is likely to slow; most people seem to think that China, India, Brazil and other emerging economies are still at the lower end of their demand curve. They will need significantly larger volumes of metals in the years ahead. The challenge for us as processors is that to supply increasing tonnages of those metals profitably we will almost certainly need to process more complex or lower grade ores and probably to do so with reduced energy inputs."

Jan 1, 2009

By L. H. Michaud

"Albian Sands Energy (ASE), an oil sands surface mining and extraction operation, is currently undergoing start-up and is scheduled to ramp-up to full production by mid-2003. Startup includes the selection and implementation of over 75 IT systems or computer applications which include: engineering applications; systems required to control mining activities, maintenance, the processing plant and utilities; and also systems required to run the company, such as human resources, finances and inventory/ warehousing.This paper outlines the processes used for the selection, implementation and integration of these systems in order to optimize the use of information and to meet the technical, business and IT requirements of the company. The first step in ASE’s approach to identifying system requirements is the development of a business activity model, outlining all tasks involved in running the operations. The computer applications required to accomplish each task are then identified by having the IT team work closely with each technical and business unit. Historically, at some companies, the selection of systems has been led by the IT team or by consultants, with little input from the technical or business units. Typically, this results in products that do not meet the company’s expectations. To ensure a more positive outcome, ASE believes that it is imperative that the company’s technical and business people be closely involved in the selection process.Integration of the IT systems is also key, including linking all applications through a data warehouse and EDMS. Over 120 required integrations have been identified. This ensures the storage of all data in only one location, data security, and easy data and document retrieval for all requirements throughout the company"

Jan 1, 2003

By Shichang Liu, Hongli Jia, Zhaolian Wang, Maotang Liu, Ltd. Shandong Huate Magnet Technology Co., Fengliang Liu

"Introduce and promote a latest technology and equipment for magnetite. It’s featured of purifying concentrate, lowering tailing grade, high concentrate recovery rate and stable operation. HUATE® New Style Elutriation Electromagnetic Separator is an equipment to obviously upgrade magnetite. The slurry is fed into separation area through feeder. Generated by excitation coil, the working magnetic field distributes specially in separation area. Under the combined effect of the background field, excitation and demagnetic field and gravity, the mineral particles float downwards in the form of magnetic chains, and interact with the rising water. The gangue, non-magnetic particles, lean intergrowth,etc will be discarded as tailing via overflow tank and pipe. While the magnetic will be discharged from concentrate pipe. Its grade is 2%-10% higher than that of traditional magnetic separation equipment. It adopts the technologies of transformer oil cooling, alternative and uniform pulsation magnetic field controlling the tailing grade, larger drum feed-in device, more uniform umbrella scattering discharge and stabler output current, and realizes lower coil temperature raise, stabler magnetic field, more uniform discharge, effective isolation of weak-magnetic area from non-magnetic area, more obvious upgradation and recovery rate and lowering tailing mFe%. It’s more suitable to purify and thicken the high grade and ultrafine iron powder. Compared with traditional elutriation equipment, it adopts new technologies in removing impurities, operation, large-scale, process simplification, water-saving, remote control, etc. It optimizes the comprehensive beneficiation index, expands its application scope, reduces resource wastes and increases economic benefits.INTRODUCTIONMagnetite accounts for a comparatively great proportion in various iron resources. As it’s a kind of strong magnetic mineral, we must adopt the weak magnetic separation equipment in magnetic separation process to realize removing Si and lowering impurities. While it cannot do very well to use the common weak magnetic separation equipment in the final cleaning to remove Si and lower impurities. At present, the plants, adopting single magnetic separation process to realize cleaning and removing Si and lowering impurities, are in the minority. Most magnetite plants adopt the flotation separation process to remove Si, lower impurities and purify the concentrate. Though with stable indexes and high Fe recovery rate, the flotation process is very complicated, high-cost and with lots of environmental pollution. If adopting the weak magnetic separation equipment can realize removing Si, lowering impurities and the final cleaning, the magnetic separation process should be the primary choice."

Jan 1, 2016

By David Whittle

When does a project with questionable viability, warrant further investment? There are cases in which projects, which evaluate to a negative mean probable value, are worth investing in. There are also cases in which projects that evaluate to a positive mean probable value, should not be invested in. The author will present a model for ?project-control?which includes an adaptation of a well know grade-control concept. Comments on Resources and Reserves ?Resource and Reserve estimates are based on positive information (43-101). ?Reserve and Resource confidence qualitatively assessed. ?U.S. Geological Survey (USGS) recognizes Undiscovered Resources (U.S. Geological Survey 2003).

May 1, 2006

By W. Duyvesteyn, B. Sabacky, T. Spitler, D. Verhulst

"The Altair TiO2 pigment process is based on hydrochloric acid leaching of ilmenite at high-acid concentration. Titanium is transferred by solvent extraction into a high-purity aqueous stream with a high titanium concentration. HCl gas is recovered by pressure-swing distillation and is used to regenerate the leaching solution.A new method of TiO2 recovery in dense film with simultaneous dehydration and hydrolysis provides great flexibility in adjusting the characteristics of the TiO2 pigment product.Modifications of this method lead to a flexible, low-cost, high-tonnage process first for the production of nano-sized TiO2, and later for stabilized zirconia-based nanomaterials and nano-sized titanates.IntroductionProcesses for the production of TiO2 from ore by a hydrochloric acid route have been proposed in the past. Most of these processes dissolve impurities and recover TiO2 as a residue or as a hydrolyzed phase in the original solution (Turner, 1948; Berkovich, 1975; Morris, 1982; Judd, 1986; Chao, 1993). Solvent extraction of titanium after leaching in aqueous HCl has also been studied (Tsuchida et al., 1982; Narita et al., 1983) or at least mentioned as an alternative (Ellis, 1963). A number of small-scale studies on leaching and solvent extraction in both sulphuric and hydrochloric systems have appeared recently (John et al., 1999; Lanyon et al., 1999; Sole et al., 1999. As far as we know, only Kerr-McGee (Morris, 1982) and a plant in India and one in Malaysia use a hydrochloric acid route (20 wt% HCl) to commercially produce synthetic rutile.The Altair process originated in a search for an economical method to treat high-magnesium ilmenite deposits, while avoiding the production of a waste metal salt by-product. The first attempts aimed at producing pure TiO2 by leaching out the impurities. Further work centred on completely dissolving the ilmenite in concentrated hydrochloric acid and reprecipitating TiO2. To decrease the impurity level in the product, solvent extraction of titanium into a purified stream was introduced. It also became clear that to take full advantage of the increase in leaching efficiency provided by concentrated acid, it was necessary to regenerate HCl gas."

Jan 1, 2002

By Michael G. Nelson

Control of the feed provided to mineral processing facilities is a continuing challenge. Much effort is currently being devoted to overcoming these problems. These projects are usually described under the general headings of Mine-to-Mill Integration or Mine-Mill Optimization. It should be possible to combine the knowledge of ore type, mineralogy, and other characteristics (located in the mine modelling system), with the advanced capabilities of state-of-the-art mill control systems, to achieve an improved level of control in mineral processing, allowing optimization of the mill processes on an almost realtime basis. This is not happening because mill feed it is often treated as a uniform material, when in reality it varies in composition and characteristics. The University of Utah is investigating the use of odor sensors for maintaining traceability in ore production and processing. Odor sensors now used in food processing, environmental monitoring, and other applications can detect the presence of very small amounts (0.1 - 500 ppm) of some molecules. An assortment of such molecules could be used to ?tag? blocks of ore as they are mined, according to their respective characteristics. Then, as the ore came into the mill, an array of ?electronic noses? could be used to assess its characteristics in real time.

May 1, 2004

By S. Banisi, M. Poorkani, M. Farzaneh, M. Askari

"At the Sarcheshmeh copper mine 40,000 t of ore per day with an average grade of 0.9 % Cu is ground to 70% passing 75 microns. Grinding is effected in 8 parallel lines of 8 x 5 m ball mills in a closed circuit with cyclones. The make-up balls are 80-mm forged alloy steel balls and the average ball consumption is 750 gh of ore ground. In order to optimize ball size distribution inside the mill, based on the previous investigation instead of using only 80 mm make-up balls a combination of 80 and 60 mm (75% to 25% by weight) ball charge was used in one of the mills. To evaluate the performance of three ball types namely forged alloy steel balls (A), ductile cast iron (C), high chromium cast iron (D) and also a combined (80 and 60 mm) charge of forged alloy steel balls (B), four identical parallel mills were charged accordingly. These four mills were sampled during a period of six months. The amount of material finer than 75 microns of cyclone overflows was selected as a criterion for the performance evaluation. It was observed that in a mill with the combined make-up balls the amount of fine produced was 4% higher than the other mills. The consumption of ball types A, C and D were 730, 710 and 534 g/t, respectively. The results of laboratory flotation tests showed that due to an improvement in the production of fines an increase of 1.4% in the overall copper recovery is obtainable. Due to the promising results, the new make-up ball regime was implemented in all mills in the plant.INTRODUCTIONThe Sarcheshmeh copper ore body which may rank as third or fourth largest in the world contains 1 billion tonnes averaging 0.90 % copper and 0.03 % molybdenum. It is located southeast of Iran and has been processing 40,000 t/d of ore since 1982. The mine produces 100,000 tonnes of copper and 2,200 tonnes of molybednite concentrate per year. After three stages of crushing, the ore with a F80 of 12.7 mm is fed to 8 parallel ball mills in closed circuit with cyclones to produce a product 70% finer than 75 microns. The concentrate of the first stage of flotation is reground and the tailing constitutes the main component of the plant final tailings. A concentrate with an average grade of 31% Cu is obtained after cleaning and re-cleaning stages. Total recovery of the plant varies between 83 and 87 % depending on the operating conditions and ore type."

Jan 1, 2002

By R. D. Brown

"An adequate level of R & 0 is crucial to achieve gains in productivity and to strengthen Canada' s position in an increasingly competitive world ." So stated Finance Minister Jean Chretien in his April 10, 1978 budget speech, on announcing a new measure designed to increase the productivity of Canadian industry and to assist in the creation of new technology. The effect of the new measure, which permits an income tax deduction of 150% of certain research and development (R & D ) expenditures , can reduce the after-tax cost of a marginal dollar 's worth of such expenditures to as little as 20 cents . This article discusses the income tax treatment of R& D expenditures in general, and describes in particular the income tax incentives which relate to R& D.

Jan 1, 1978

By Andrew Dobson, Cheryl Allen, Enrique Acuña

"Totten Mine return air raise was designed with two parallel fans equipped with silencers to reduce the noise emitted from the outlets into the environment. As development and production of the mine progressed through the past years, the silencer system needed to be upgraded, and additional maintenance strategies have been necessary to meet the regulatory noise limits enforced by the province of Ontario. The current mine plan will require the fans to reach the upper limit of their capacity by Q1 2019. To achieve this operational target, additional silencing capability has been required and Totten Mine has explored alternatives to further extend the noise silencing capacity available considering the current constraints at the mine site. The alternatives included a new silencer baffle design and a new layout that have allowed doubling the length of the silencer system. Using acoustic measurement data collected on several occasions, this paper presents and discusses the performance of the various silencing systems which have been installed on the return air fans at Totten Mine.INTRODUCTION Vale Canada Limited’s Totten Mine is a base metal, underground mine extracting nickel and copper, situated in the Sudbury Basin of Ontario. The mine initiated operations at the end of 2013, and is equipped with two main return air fans and two main fresh air fans located on surface. Both fresh air and return air fans are set in a parallel arrangement to operate as integrated units and are equipped with variable frequency drives (VFDs) to allow for the remote modification of their operating set point, usually between 600 to 880 rpm, depending on the mine’s requirements. The main return air raise (RAR) fans are also equipped with dissipative baffle silencers to attenuate the noise emitted to the environment. Approximately four years ago, acoustical measurements conducted to verify compliance with the applicable regulatory criteria, and respond to noise concerns from neighboring residents, concluded that the sound emissions of the main return air raise exceeded the noise design parameters. The acoustic tones of the fans were audible offsite, at a residential location, approximately 9 km northeast of the mine site. The elevated sound levels and offsite audibility was due to degradation of the original discharge silencers from moisture and particulate being drawn from underground workings and passing through the silencer baffles. The audibility was also due to an outlet directivity pattern which directed noise towards the residential location."

Jan 1, 2019

By R. Blosser

Phelps Dodge introduced a process improvement model known as Quest for Zero in 2001. In 2004, the focus of Quest for Zero shifted from corporate-led initiatives to projects led by site personnel. The Hydrometallurgical Division at Morenci focused on two (2) significant process improvements: reducing electrolyte bleed and organic losses. In September 2004, Morenci kicked off a bleed reduction project to reduce electrolyte bleed by 45%. By the end 2005, electrolyte bleed was reduced by 55% through understanding and reduction of variance. Significant process changes made during this time period include changes in acid-addition strategy, reduction of uncontrolled bleed, and optimization of bleed placement. In April 2005, the organic reduction project began with the goal of reducing losses by 15%. Operational improvements during this project included improved organic recovery systems, mixer speed optimization, and picket fence installation. By the end 2005, this project reduced organic losses by 35% and current losses are 48% lower than at the start of the project. These projects and smaller Questfor Zero projects have resulted in sustainable annualized savings of $13 million in Morenci hydrometallurgical operations. Through the use of Six Sigma tools, process variances can be controlled and reduced.

Jan 1, 2007

By J. Flemming, R. O. Burt

"The Tanco pegmatite is located in the Bird River greenstone belt of southeastern Manitoba approximately 160 km northeast of Winnipeg (Figure 1). This pegmatite body was discovered in 1929 and subsequently attempts were made to exploit it for tin by Jack Nutt Mines Ltd. and later in the middle 1950's by Montgary Oil Ltd., who extensively developed but did not produce from, its lithium deposits. In 1966 systematic investigation of the pegmatite as a potential source of tantalum led to the founding of Tantalum Mining Corporation of Canada Ltd. (TANGO) in 1967 and production of tantalum concentrates from the Bernie Lake mine commenced in 1969. Tanco is currently jointly owned by Hudson Bay Mining and Smelting Co., Cabot Beryl co Inc. of Boston, and the Province of Manitoba. (Williams and others 1978, Burt 1979, Burt and others 1982), continued until the end of 1982, when, due to falling demand and prices, operations were suspended.During the 1970's Tanco had investigated the potential of the lithium orebody; carrying our research into both the concentration of the ore and into the production of lithium chemicals. However lithium chemicals were in an over-supply situation, due in part to the production from Chilean brine deposits (Buckley, 1983), and Tanco' s own plans were put into abeyance. The potential alternative market, the direct use of concentrates in the glass and ceramics industry, did not at the time justify the cost of constructing a new plant."

Jan 1, 1986

By Michel Aubertin

Les haldes à stériles contenant des minéraux sulfureux réactifs constituent un milieu favorable à la production du drainage minier acide (DMA). Au sein de ces haldes, les processus physiques, géochimiques et biologiques qui mènent à la production du DMA sont nombreux et complexes. Un des aspects critiques qui affecte la génération de DMA est la distribution et le mouvement de l?eau dans les roches stériles. La modélisation numérique est un outil qui permet de comprendre, pour éventuellement contrôler, les mouvements de l?eau (et donc réduire la production du DMA) dans les haldes pendant la période d?exploitation de la mine et à sa fermeture. Plusieurs simulations numériques des écoulements non saturés dans des haldes ont été effectuées. Pour ces simulations, on a considéré divers types de matériaux, diverses conditions atmosphériques et diverses configurations géométriques. Les simulations réalisées montrent que l?on peut contrôler les mouvements de l?eau en introduisant des couches de matériaux fins intercalées dans les haldes formées de matériaux grossiers. Des couches horizontales ne sont cependant pas appropriées puisqu?elles peuvent, dans certains cas, favoriser la création de zones humides susceptibles d?amplifier les effets du DMA. Une faible inclinaison des couches de matériaux fins vers l?extérieur permet de palier à ce problème. Les couches inclinées favorisent un drainage des haldes vers la périphérie. Ceci a pour effet de garder sèche une grande partie des stériles et de réduire, par le fait même, la production du DMA.

Nov 1, 2002

By N. Sauret-Szczepanski, G. Patry, S. Gauthier, G. Potvin, C. Munger

Adsorption/thermal desorption with sorbent cartridges and analytical method using gas chromatography coupled to mass spectrometry (GC/MS) was developed for the determination of tetrafluoromethane (CF4) and hexafluoroethane (C2F6) emitted from primary aluminum smelters. A customized cartridge was built like a packed column with a stainless steel tube filled with a specific resin. The optimization of adsorption and desorption parameters was carried out to support the PFC sampling for all aluminum production technologies. The proposed method showed good linearity for concentrations ranging from 10 to 500 ppbv for CF4 and from 5 to 500 ppbv for C2F6 with correlation coefficients above 0.999. In certain conditions, the detection limits of the analytical method reached 0.3 ppbv for CF4 and 0.15 ppbv for C2F6- Using this methodology, a field campaign was carried out using a sequential sampler allowing the simultaneous sampling of PFC with cartridges and sampling bags. The results showed no significant difference (t-test) between the two sampling technologies and no breakthrough was observed from the cartridges .

Jan 1, 2006

By Henrik Saxén, Mikko Helle, Hamid Ghanbari

In this study, a process integration approach in a primary steelmaking is investigated to evaluate future operation concepts of a steelmaking site considering sustainability issues. Mathematical programming is used to study the integration of the steel plant with chemical units for utilization of available off-gases in the system, and carbon capturing and sequestration unit. Different industrial carbon utilization options are considered to find the best route of development. A multi-period optimization model is developed based on site-wide mass and energy balances by considering the availability of the fuels and by-product gases and their consumption in the production system and a conceptual polygeneration system. The objective is to reach maximum economic profit while environmental aspects of integrated system are considered for different fuel systems, alternative blast furnace reductants and implementation of new process technologies. The model can provide useful information concerning techno-environmental and economic aspects for decision-making and can estimate optimal operational condition of current and future primary steelmaking under alternative scenarios. The results of the work illustrate the potential to develop steelmaking towards more sustainable operation in the future.

Jan 1, 2015

By Chris Twigge-Molecey, John Peacey

To meet the business objectives of a metallurgical project, there is often a need for new and untried technology or equipment, whose very novelty can present serious risks to meeting those objectives. The key risk management approach is a rigorous stepwise progression from theoretical evaluations and laboratory tests to pilot plant trials. These must be followed by demonstration-scale trials before final construction of a commercial scale plant, paying particular attention to the magnitude of the scale-up between phases. Success depends on following a well-defined program, not eliminating any steps, and ensuring adequate resources are available to the development team. Chapter 6 discusses the nature of technology risks to metallurgical plant projects, and the rigorous management practices needed to identify, analyze, evaluate, and avoid or mitigate them.

Jan 1, 2015

By R. M. Kleine

In the fall of 1968, Sheridan Geophysics leased the Renzy Mine property 50 miles northwest of the town of Maniwaki, Quebec. A 500-tpd flotation mill was dismantled at Belleterre, Quebec, trucked into the mine over a winter road and re-erected during extreme winter conditions. Approximately one billion gallons of water were removed from Renzy lake to expose the orebody. A 3,000-hp diesel generating plant and a self-supporting community were set up during the early part of 1969. This was a remark-able achievement considering that most of the work, including the pouring of foundations and the draining of the lake, had to be done during the winter months. Despite this, the project was completed ahead of schedule and one million dollars below budget. The mill is now treating an average of 800 tpd.

Jan 1, 1970

By H. R. Bullis

"A 2003 paper discussed the idea that as gold mining companies grow larger it becomes more difficult for them to discover or acquire new gold deposits large enough to replace extracted reserves on an annual basis. Deposits of the size required to replace annual production of very large gold producers (VLGPs) are statistically few. An update in 2005 reviewed VLGPs with respect to production, reserves, and reserve life and observed recent changes in the gold mining industry. Now, more than 12 years later, this paper explores how those VLGPs have fared and how the gold mining industry has changed. KEYWORDS Gold, Gold price, Production, Reserves, Very large gold producer (VLGP) RÉSUMÉ Un article de 2003 examinait le concept selon lequel, à mesure que les sociétés d’exploitation aurifère se développent, il leur devient de plus en plus difficile de découvrir ou d’acquérir de nouveaux gisements aurifères suffisamment grands pour remplacer les réserves qu’elles extraient annuellement. Statistiquement, il existe très peu de gisements de la taille requise pour remplacer la production annuelle des très gros producteurs d’or. Une mise à jour de l’article en 2005 se penchait sur la production, les réserves et la durée de vie des réserves des très gros producteurs d’or ; elle portait sur les récents chan¬gements au sein de l’industrie de l’exploitation aurifère. Aujourd’hui, plus de 12 années plus tard, cet article explore l’évolution et les résultats de ces très gros producteurs d’or, ainsi que les changements qu’a connu l’industrie de l’exploitation aurifère. MOTS CLÉS or, prix de l’or, production, réserves, très gros producteurs d’orINTRODUCTION In 2005, the world’s top five gold producing companies were Barrick (after purchasing Placer Dome; 9.1 million ounces; Barrick Gold Corporation, 2005; Placer Dome, 2005), Newmont (8.2 million ounces; Newmont Mining Corporation, 2005), AngloGold Ashanti (6.2 million ounces; AngloGold Ashanti Limited, 2005), Gold Fields (4.2 million ounces; Gold Fields Limited, 2005), and Harmony Gold (3.0 million ounces; Harmony Gold Mining Company Limited, 2005). During the years leading up to that point, there had been a flurry of activity in the gold sector directed at consolidating production and reserves to create very large gold producers (VLGPs). As defined in Bullis (2005), a VLGP is a mining company whose primary busi¬ness is gold production and that has annual gold production more than 5 million ounces. A stated corporate goal of several of the VLGPs at the time was to become the largest gold producing company in the world."

Jan 1, 2019