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By L O. Montpetit

The economics of the asbestos mining industry of Canada, and the physical and chemical characteristics of asbestos fibre, as well as exploration, mining, milling and quality control methods, have been described by several authors in the past few years. The scope of this presentation is to survey the application of asbestos fibres in the major product groups of the construction industry in North America. Principal categories considered include flooring materials, asbestos-cement pipes and building products, high-temperature insulation, textiles, saturated asbestos felts and asphalt com pounds. During 1962, the asbestos mining industry of Canada produced an estimated 1.3 million tons of chrysotile fibre grades, and production capacity is expanding. The market demand for chrysotile fibre, on this continent, has been in the order of 50 per cent of the production volume. The asbestos industry is dependent for growth on the construction industry. Product research is active in finding new uses for asbestos fibre; some of the new developments are presented, including the use of short-fibre asbestos grades for extending the life of asphalt pavement.

Jan 1, 1963

By Gregg W. Morrison

"The Craigmont copper-iron skarn deposit is adjacent to the southern margin of the late Triassic Guichon Creek batholith in south-central British Columbia. Host to the ore are sedimentary and volcanic rocks of the western calc-alkaline belt of the Upper TriassicNicola Group. In the mine area, the Nicola Group rocks are a stratigraphically complex sequence, at least 1800 feet thick, which have been subdivided into Basalt, Rhyolite, Carbonate and Clastic Sediment units. All the units strike and dip parallel to the margin of the Guichon Creek batholith and are within the batholith contact aureole. However, only the Clastic Sediment unit is in contact with the batholith.Most of the skarn and ore is within the Carbonate unit and more specifically within an Interbedded facies that consists of lime sandstone, lime siltstone, quartzo-feldspathic siltstone and argillite. The Interbedded facies and the adjacent barren Massive Limestonefacies are interpreted aspart ofa carbonate reef complex. The distribution of skarn and ore within the Interbedded facies suggests that the facies boundary was a physical and chemical barrier that resulted in concentration of metals adjacent to the Massive Limestone facies.Two stages of skarn formation have been recognized at Craigmont. In Stage I, ore-bearing magnetite-rich and actinolite-epidote-magnetite skarns developed both in basaltic rocks and in Fe-bearing siltstone and argillite of the Interbedded facies, while barren grossular garnet-epidote-calcite-pyrite skarns developed in Fe-poor rhyolitic bands within the Interbedded and Massive Limestone facies . In Stage ll, massive, barren grandite garnet skarn replaced mineralized Stage I skarns in the vicinity of diorite plugs. and specularite ore formed in brecciated Stage I skarn and clastic rocks away from the plugs. Theformation of Stage I skarns required no addition of material, only redistribution and concentration of elements already present within the Interbedded facies. However, the concentration of Cu in Stage lore requires a mechanism for more efficient leaching of Cu from the host rocks, an anomalous concentration of Cu at the site of the Stage I orebody or an additional input of Cu from an external source. The formation of Stage II skarn and ore requires only remobilization and recrystallization of Stage I skarn and ore.Copper and iron are the only elements in economic concentrations in the ore and chalcopyrite is the only significant copper-bearing mineral. Chalcopyrite is disseminated and interstitial to magnetite in Stage I mineralized skarns and is interstitial to specularite in the matrix of Stage II breccia ores. Chalcopyrite also occurs with pyrite as stringer ore in bleached • sediments and rhyolite tuffs in the stratigraphic footwall of the main orebodies.The Craigmont deposit has more features in common with Cu-Fe deposits hosted in metavolcanic and metasedimentary rocks than it has with typical skarn deposits associated with porphyry copper deposits. The orebody is more likely a product of concentration of metal contained within the Nicola Group rocks than of the mineralizing event that produced the . Highland Valley Cu-Mo porphyry deposits in the central part of the Guichon Creek batholith ."

Jan 1, 1980

By R. Yost

"This paper describes a case study that illustrates how detailed geological engineering results were communicated to address a range of stability challenges in a producing mining environment. Instead of using standard geological engineering terminology, findings and recommendations were communicated as mine design options and mining responses to accommodate possible slope instabilities and associated risk. The resulting medium- to long-range mine plan integrated the potential slope instabilities and associated mining responses to provide a higher probability of planned resource extraction. It also reduced the potential for long-lasting production and processing delays.RÉSUMÉ Cet article décrit une étude de cas illustrant l’intérêt de la communication de résultats détaillés de géologie appliquée pour résoudre un éventail de difficultés relatives à la stabilité dans un environnement minier en production. Plutôt que d’utiliser une terminologie classique de géologie appliquée, les résultats et les recommandations ont été communiqués sous forme d’options pour la conception d’une mine et de réponses dans le contexte minier permettant de surmonter les éventuelles instabilités des pentes et les risques associés. Le plan de mine sur le moyen à long terme qui a résulté intégrait les instabilités potentielles des pentes ainsi que les réponses connexes dans le contexte minier afin de renforcer la probabilité de l’extraction des ressources prévue. Il réduisait également la possibilité de retards durables dans la production et le traitement.INTRODUCTIONSlope failures in an active mining operation are unscheduled but expected events, in the sense that the geotechnical design often assumes the potential for slope failure but cannot predict exactly when a failure will occur. Unfortunately, the geotechnical engineering cycle—characterization, slope design, displacement monitoring, instability management, and failure remediation—that is necessary to manage slope-failure risk is not always well known or understood outside the geotechnical engineering profession. The first introduction many personnel have to geotechnical engineering is when a slope failure starts to develop and appears to threaten the safety and livelihood of their workplace.At that point, the task of communicating the risk management of slope failure falls to the geotechnical engineer, who must summarize analytical methodology, design concepts, monitoring trends, and analysis results, frequently to an audience with limited exposure to the geotechnical field. All too often, the response has been to present a risk-management plan in the vernacular of geological engineering— using terms such as factor of safety (FOS), pore-pressure reduction, and slope unloading—instead of expressing the problem and solution in more readily understood mine production terms."

Jan 1, 2017

By Terence M. Gordon, Mati Raudsepp, Gregory M. Dipple

Four methods of measuring mineral abundance in a rock are examined for their potential in assaying for high-tech industrial minerals. One method uses X-ray powder-diffraction data and the other three rely on whole rock chemical data and information on mineral assemblages and mineral compositions. All four methods were employed to estimate wollastonite content in diamond drill core of skarn collected as part of an exploration program and are compared to visual estimates of wollastonite content from core logs. These techniques for assaying wollastonite span a considerable range ofaccuracy and expense, and combined, define a non-linear relationship between these variables. Accuracy increases rapidly relative lo expense up to total costs of about $50 per analysis. Assay methods in the $50-100 per analysis range have associated errors of 5-10% relative and probably suffice for most exploration programs. Improvements in accuracy above this level require a much larger investment. The most expensive assay technique (-$300 per analysis) yields the most accurate measurement of grade (relative error -1%). Its application may best be limited to periodic checks on other assay techniques and for fine-tuning ofmineral separation procedures.

Jan 1, 2001

By T. Beamish, I. Vasilev, T. Nikolov, E. Marinov, D. Kirilov, P. Barrios

In April 2005, Umicore Copper de-merged from Umicore Group and created a new independent Copper company called Cumerio. As a separate company, Cumerio is a major European copper smelter and refinery and a leading producer of copper products such as wire rod, billets, cakes and specialty rod with a total production capacity of copper products in excess of 500,000 tpy with production plants in Belgium, Italy and Bulgaria. The Pirdop Smelter is the only state-of the-art smelter in South East Europe and it makes Pirdop the natural hub for the copper industry in the region. In order to be competitive in the international market the main challenges facing Cumerio are to maintain its low cost structure and to achieve higher production volumes while reducing its impact to the environment and striving for continuous improvement of the production process. Cumerio's state-of-the-art smelting facility in Pirdop has recently increased the anode production capacity to 250,000 tpy by the installation of the third evaporative cooler on the converters section that allows operating with three-hot converters. In April 2007 a general shut-down for repair and modification on the Flash Smelting Furnace and Waste Heat Boiler is envisaged. At this time a revamp of one of the existing Sulphuric Acid Plants is planned, resulting in a further copper capacity increase to 275,000 tpy with modest Capex. In 2005 Cumerio received from the Bulgarian Ministry of Environment and Water the Complex Permit under the EU IPPC criteria. Accordingly an Environmental Compliance Program was defined targeting a large reduction in the secondary emissions. The system will be commissioned in May 2007. In order to better integrate the smelter and refinery in Pirdop and to respond to the growing demand for cathodes in the region, a new state-of-the-art Electrolytic Refinery with an installed capacity of 180,000 tpy will replace the existing refinery. The new refinery is expected to be fully operational as from early 2008. This paper describes the challenges and the projects.

Jan 1, 2007

By T. Hidayat, D. Shishin, V. Prostakova, M. Shevchenko

The chemical compositions of copper feed streams are becoming increasingly complex following the growing demand for metals and corresponding shortages of primary sources. The optimisation of process conditions requires an accurate description of phase equilibria and thermodynamics. Integrated experimental and thermodynamic modelling research program on the characterisation of the complex, multi-component, multi-phase gas-slag-matte-speiss-metal-solids Cu2O-PbO-ZnO-Al2O3- CaO-MgO-FeO-Fe2O3-SiO2-S-(As-Bi-Ni-Sb-Sn-Ag-Au) system is being carried out to support companies undertaking the pyrometallurgical primary production and recycling of copper. The experiments involve high temperature equilibration in controlled gas atmospheres, rapid quenching and direct measurement of equilibrium phase compositions with quantitative microanalytical techniques, including electron probe X- ray microanalysis and Laser Ablation ICP-MS. The thermodynamic modelling is undertaken using FactSage computer package with advanced thermodynamic solution models. The continuing development of research methodologies has resulted in significant advances in research outcomes. Implementation of the results of these fundamental studies involves an ongoing collaboration of researchers and industry technologists. An overview of recent progress in research, implementation and applications in industrial practice are given in the paper. INTRODUCTION Rapidly developing technologies increase the demand for various metals in number and volumes. Modern technological devices such as mobile phones, computers, other electronic devices, have dozens of metals—all those metals have to be a) produced and b) recycled. The fast transition in mobility from fossil energy delivered through combustion to renewable energy first stored in bakeries and delivered through electric engines introduce a significant change in the metal demand in terms of both type and volume of metals. Pyrometallurgy is playing a key role in supporting these changes in our industrialised society.

Jan 1, 2019

By Bunting S. Crocker

This paper reviews the trends in the past two years in autogenous grinding throughout the world. It covers rock grinding in South Africa, Sweden, Canada, the United States, Finland and Germany. To properly orient the discussion on this subject, the paper attempts to define and classify the scope of autogenous comminution. As this is a relatively new subject, there is often considerable confusion regarding the various practices, which sometimes differ widely. By clarifying the types and forms, we hope to help clear up this con-fusion. Autogenous grinding is being carried out, throughout the world, either in mills grinding in water or solution or in dry mills using air classification to remove the finished material. The wet grinding, particularly, can be divided into: (1) (2) (3) Primary autogenous grinding, or "run-of-mine" grinding. Secondary autogenous grinding or semi-autogenous grinding or rock pebble grinding. Combination processes. -This covers plants in which pebbles made in the primary mill are re-moved and used as grinding media for fine grinding in secondary mills.

Jan 1, 1963

By M. B. Mansur, A. S. Guimarães, A. J. M. Santanilla, D. C. R. Espinosa, J. A. S. Tenório, R. A. Pini

The separation of Ni and Co from sulphate medium containing Mn, Mg, Cu and Ca was carried out by solvent extraction. The object of this study was to investigate the synergistic effect using phosphinic acid (Cyanex 272) and carboxylic acid (Versatic 10) and their mixtures in kerosene. The extraction percent of each metal ion was found to increase with increasing pH and extractant concentration. Co was preferentially extracted over Ni under the same extraction conditions. The separation factors of Ni/Co increased with the use of the synergistic systems investigated.

Jan 1, 2014

By G. Deschênes

Located in North West Tanzania, Buzwagi is an underground narrow-vein gold mine owned by Barrick Gold. The plant was commissioned in 2000. The reserves are estimated to be more than 25 years. The ore, containing gold, silver and copper mineralization in sulphides, is processed at 3,300 tpd. This paper presents the results of an investigation to determine the performance of an ammonia-cyanide leaching approach to recover gold from two samples. Coarse gold was recovered by gravity prior to leaching. The gravity tailings had the following composition; 1.97 g/t Au and 0.31% copper for the medium cyanide soluble copper (MCSC) sample and 2.80 g/t Au and 0.53% Cu for the high cyanide soluble copper (HCSC) sample. Experiments were conducted for 72 hours in stirred tank reactors with monitoring and control of parameters. The straight cyanidation produced gold extractions of 76.1% for the MCSC sample and 84.6% for the HCSC sample. Associated cyanide additions were 6.1 kg/t and 11.5 kg/t respectively. The gold extraction of the MCSC sample was improved to 88.8% using 350 ppm NaCN and 700 ppm ammonia. The associated cyanide and ammonia additions were 2.5 kg/t and 1.7 kg/t respectively. For the HCSC sample, 82.5% gold extraction was obtained using 500 ppm NaCN and 600 ppm ammonia. The cyanide addition and ammonia additions were reduced to 3.8 kg/t and 1.0 kg/t respectively. No significant decrease in gold extraction was noticed when the cyanide and ammonia were reduced to 150 ppm and 500 ppm respectively. In the presence of ammonia, a significant amount of cyanide was oxidized to cyanate by the cupric ion. In the absence of ammonia, the formation of copper cyanide was the predominant reaction responsible for consumption of cyanide.

Jan 1, 2012

By J. M. Cummings

DURING the past year, the writer has investigated the treatment of a variety of British Columbia tungsten-bearing ores. Much of the test-work described in this paper was carried out in collaboration with Mr. A. G. Lyle in association with the British Columbia War Metals Research Board at the University of British Columbia. The remainder was completed in the laboratories of the Department of Mines at Victoria. Two mills in the Province are at present treating tungsten ores. Descriptions of these are included through the co-operation of Messrs. S. Gray (1) and A. A. Almstrom (2). MINERALOGY, OCCURRENCE, AND SPECIFICATIONS In the present paper, attention is directed solely to scheclite, inasmuch as known occurrences of other tungstcn minerals in British Columbia are of mineralogical interest only. The properties of scheclite are listed below: Percent W03 .. 80.6 Tenacity ...... Very brittle Çrystallization Tetragonal Lustre ........ Vitreous to resinous Cleavage ...... Good in 4 directions Magnetism ... Non-magnetic Specifie gravity 6.05 Diaphaneity .. Transparent to translucent Hardness. . . . . . 4.5-5.0 Scheelite may contain as much as ten per cent of molybdenum in solid solution, but most of the specimens from British Columbia examined by the writer were relatively pure.

Jan 1, 1943

By W. H. Moore

It seems necessary, at times, that we should reconsider some of the more obscure causes that lead to explosions of gas and coal-dust in mines, in the hope that a recapitulation will keep before us that old and true saying "eternal vigilance is the price of safety". This explosion, while not extensive (resulting in only two much to be regretted deaths) enlarged our vision as to the possibility and probability of other explosions with more disastrous results. As this is only a partial report I shall have to omit many things that are generally included in describing a mine explosion. The mine was worked exclusively with electric cap-lamps -only firebosses and other officials carried safety-lamps. All shots were examined and fired by firebosses with a small hand-battery. Monobel was used exclusively for blasting, and clay for tamping. The system of haulage iri use was main-rope and winches, horses being employed for gathering. Compressed-air was the motive power for all winches and pumps, excepting the pumps at the shaft-bottom which were steam-driven. The mine was wet with practically no dust anywhere, except what was being made at the coal-face in the getting of the coal. Gas was found occasionally, generally in the brushing, especially where the brushing was carried up to a small seam, 2 to 6 feet above the main seam. The place where the explosion took place was known as Leigh's heading, which was being driven to the rise, immediately inbye of the siding (off No. 1 left, off the new slope) and was about 90 feet up from the level.

Jan 1, 1926

By Gerald Blackmore

"This paper suggests that with the settlement of long-term contracts of fifteen years' duration, with prospects of extension, the coal mining industry has, for the first time, a complete commercial justification for large-scale planning.The labour costs of coal production over past years are analyzed and, with the acceptance of the premise that the basic shift rates are certain to rise in the years to come, the paper suggests that forward planning should provide &r capital investment to make a traditionally labour-dense industry into a capital-dense industry.Automated methods of manpower deployment and timekeeping and the monitoring of all equipment back to a central control point are discussed as ail-important means of obtaining maximum utilization of high-cost capital investment.Principles of payment of the work-force, and the utilization of equipment 24 hours a day, seven days a week and the maximum number of days a year, are dealt with as means of achieving maximum capital utilization. Some of the new technical underground and coal preparation problems which will undoubtedly result from the concentration of workings and maximum machine utilization are discussed, and the author makes suggestions as to how these might be solved.In short, the author predicts that if the coal mining industry is prepared to recognize the problems and invest in modern equipment backed by highly trained staff. then the outcome will justify the high capital investment involved. He stresses the importance of human communications in achieving this end."

Jan 1, 1970

By J. J. Denny

IN a preliminary paper (1) it was shown that the addition of small quantities of metallic aluminium powder almost completely inhibited the solubility of siliceous material in the beaker. Six rabbits exposed to quartz dust for six months all showed well developed silicosis. Seven rabbits exposed to quartz dust plus 1 per cent metallic aluminium powder for the same period did not develop silicosis. At that time, we were not in a position to state either the manner in which metallic aluminium reduced the solubility of siliceous material, or, from the animal experiments, whether the aluminium was acting locally or systemically, or for what period after the cessation of dusting it would continue to act. This paper reports the further progress of this investigation. CHEMICAL EXPERIMENTATION The technical details pertaining to the various substances used in the experiments are given in an appendix which is on deposit with the American Documentation Institute, Washington, D.C. For lack of space, it is not printed here. The term 'solubility' is used to indicate the concentration of silica in the solution under the conditions as noted, determined colorimetrically (2), and expressed as parts per million (p.p.m.). The term 'reduction in solubility' indicates the difference between the solubility of the .silica in the presence of the aluminium powder and its solubility in the absence of aluminium powder. It will be noted that the solubility figures for different samples of quartz with no added aluminium vary considerably. The figures do not refer to an equilibrium solubility of silica but to the actual amount of silica dissolved from a given sample in a given time at a given temperature. In view of the fact that quartz dissolves extremely slowly, it is evident that the actual figures in any case will depend upon the surface exposed, i.e., fineness of grinding of the different samples.

Jan 1, 1939

By A. G. B. Hayes, C. L. Renzoni

"AbstractThis paper provides a rough outline of economic expectations for the near future and then goes on to discuss their effect on the expected demand for metals, using zinc, copper, nickel and aluminum as detailed examples.IntroductionMINING, as you are all painfully aware, is a cyclical business. We believe that it will remain so as long as there are economic cycles.The fortunes of the industry are tied to those sectors of the economy where decisions can be postponed until more favourable times: automobiles, housing, appliances, inventory building and capital spending. Over the past two years, while U.S. GNP fell by 3.8%, automobile production declined by 31 %, from 9.7 million units in 1973 to 6.7 million in 1975. Housing starts plummeted some 43% from 2.1 million units in 1973 to 1.2 million in 1975. Little wonder that U.S. copper consumption fell by 37% and zinc consumption by 38% over the same period.With the rest of the world's economies moving in unison with that of the United States, it is also not surprising that times have been tough for mining.Arthur Burns, chairman of the U.S. Federal Reserve, contends that each recession sows the seeds of its own recovery. The worse the recession, the better the subsequent recovery. If this is true, then the lot of the mining industry should improve significantly over the next two to three years."

Jan 1, 1977

By R. Heikkilä

Fluent information exchange between different work phases, software and systems used in infra construction is a key for successful execution of infra construction projects. Open and publicly available information formats with the determined data models aim to facilitate the interoperability between different software and systems developed by competitive vendors. While building and construction industry has developed and used IFC format for years, infrastructure sector has just recently started to target clear efforts on the development of open information formats for infra construction processes. In the paper, a new Inframodel3 extension just developed in Finland and based on the LandXML1.2 international standard is to be introduced. The aim of the Inframodel3 was set to meet the requirements of information transfer needed especially between BIM based design software, measurement systems and 3-D machine control systems used in road, railway and watercourse construction projects. Some test results are reported and evaluated in the paper. In the field of bridge engineering, the IFC format and IFC Bridge extension have been tested and evaluated in Finland. The results from the experiments show and verify as well the applicability of these open formats to the information exchange requirements in bridge engineering. The current limits for open information transfer of these formats are shown. The active co-operation with the International Building SMART Organization has led to the achieved status and position for both the Inframodel3 and IFC Bridge formats and hence the continuing international support provided by Building SMART.

Aug 1, 2013

By J H. Dressel, J. E. Williams

This paper presents a brief review of what coal gasification is, procedures that are available today and processes that may be available in the future. Examples are given as to how the process might be used in power plant applications, the effect on pollution level and power costs, and some thoughts on the added burden that might be placed on mining and coal preparation.

Jan 1, 1973

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 A. M. S. Hussein, B. E. Rogers

Progressively more stringent emission limits and advances in regulations and enforcement have made air compliance more difficult for metallurgical facilities. This has historically required improved collection and treatment of stack sources. Fugitive emission reductions are now increasingly required to achieve compliance. Typically small in magnitude, fugitive emissions have a disproportionate impact on ground level concentrations, can be visible to the public and can influence workplace health and safety. Moreover, these emissions are complex, as they are spread over multiple sources, distance and time and are affected by various activities and conditions. As such it is difficult to find, define and monitor these emissions and their impacts. This difficulty translates to the design of emission reduction measures and operational requirements. This paper presents an overview or ‘heuristic’ of fugitive emissions management for compliance in existing operations. This includes aspects such as the impact of regulations on project scope, approaches to developing a comprehensive emission inventory, considerations for solution development and the plant’s role in sustaining compliance once achieved. Case studies are presented to demonstrate how portions of this approach have been applied.

Jan 1, 2015

By R. N. Chakravorty

Early detection of spontaneous combustion is of utmost importance in underground coal mining to prevent major disruptions of production and to ensure a safer working environment. This paper presents the work done in developing a suitable system for the early detection of heating in a hydraulic coal mine. Laboratory studies on the products of oxidation for Balmer 10 seam coal showed that a significant amount of carbon monoxide is produced during the early stages of heating and that detection methods based on the analysis of other gases, such as hydrogen, ethane or ethylene, are not a better alternative for this coal. The four-point carbon monoxide monitoring system recently installed at the hydraulic mine is discussed in this paper. It is believed that by studying the trend of carbon monoxide concentration in the mine air, it will be possible to detect heating at an early stage. Field tests carried out so far have indicated that infra-red technology will prove to be a powerful tool in the hydraulic mine, particularly for locating hidden oxidation or fire in cracks, fissures, underground workings and coal outcrop areas before it spreads extensively. The project is jointly sponsored by EMR, CANMET, Mining Research Laboratories and Kaiser Resources Ltd.

Jan 1, 1978

By R. Horn

The financial performance of the mining industry, measured by return on equity and capital employed, has been inadequate for many years. Consequently, mining companies are not valued highly by stock markets. Among the more important causes for the decline in the sector are the conservative working practices and reluctance to adapt to change or to develop new technology, although some relatively recent developments such as SX-EW copper and heap leach gold have made a significant impact on the cost base of these metals. The subsidiary business of metals exploration suffers from the same problems as the rest of the industry. The rate of discovery of ore deposits has been falling over many years and since the late 1990s, there has been a sharp reduction in global exploration activity that, if it continues, will further reduce the global supply of new ore reserves. New technological developments, particularly in geophysics and different operational practices may help reverse this trend. Statistical methods for evaluating the risk of ore reserve estimates will also improve the economic return on new mining ventures. The science of ore geology has potential to reduce exploration risk, but modern ore genetic theory has not contributed greatly to recent discoveries. The junior exploration market has almost ceased, but a new style of technically specialized efficient small exploration company has emerged which, in alliances with major companies, may be the vehicle for future global exploration. Exploration in virgin terrains has a higher risk discounted potential for the discovery of very large orebodies than that in known mining districts but mining companies have little financial incentive for this high risk exploration because of the very long lead time to production. Alliances of two or more companies reduce the risk in both the exploration for and development of major new mining projects. If new orebodies are not found, then metal prices will inevitably rise in the long term. Governments of industrial countries, particularly those with a significant mining industry such as Canada, should therefore provide assistance to exploration in order to maintain their existing industry and prevent a metals shortage from developing in the future with its consequent impact on the world economy and increased environmental damage as large lowgrade orebodies are developed to supply an expanding market.

Jan 1, 2002