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By R. Matusewicz, A. Kaye

Ausmelt Top Submerged Lancing (TSL) Technology has gained widespread commercial acceptance in non-ferrous applications, including the processing of lead and zinc primary concentrates and secondary (post-consumer) materials. TSL is highly flexible and efficient, and is one of the few technologies which can process primary and secondary feeds, and use varying fuels, to deliver high recoveries and excellent environmental performance. With the recent high value of both lead and zinc, and an escalating awareness of the sustainable use of resources, focus on the processing of secondary feed material sources has surged. Ausmelt Technology has proven to be well suited to the economic recovery of values, with twenty-two (22) Ausmelt furnaces processing lead and zinc bearing feed sources now in operation, under design or construction. This paper describes Ausmelt's progress in the fields of lead and zinc processing, and developments in new processing areas such as EAF dust processing and linking to innovative hydrometallurgical technology. Ausmelt has recently committed to the Whyalla Zinc project as the owner/operator of a facility for the treatment of zinc bearing secondary feeds. This project is due for start up in the first quarter of 2008.

Jan 1, 2008

By F. Dubuc

"The Adams Mine of Jones & Laughlin Steel Corporation is situated on the Boston Township iron range near Kirkland Lake, Ontario. Eight different orebodies have been outlined, with a total open-pit crude tonnage of. about 100,000,000 tons or the equivalent of 30,000,000 tons of concentrate. The ore consists of fine-grained, well-bedded Early Precambrian iron-formation composed essentially of alternating layers of chert and magnetite. Grade averages about 22 per cent magnetic Fe.The iron range varies in width from 3,000 to 4,000 feet and is made up of several horizons of iron-formation, cherty ""quartzite"" and volcanic rocks. The latter consist mostly of basic lava flows and minor amounts of tuff. Dips are rarely Jess than 50 degrees, and the range is believed to represent an overturned limb of a major synclinal structure. Dykes of syenite and lam prophyre, along with local younger diabase, intrude the rocks of the iron range."

Jan 1, 1966

By M. B. Kime, A. T. Kaniki

"Grinding tests were conducted on an oxidized copper-cobalt ore using a pear-shaped ball mill. Twelve mono-sized ore fractions were prepared and wet ground batchwise. The mill was run for 0.5 to 30 min intervals. The shortest interval provided data more closely related to the breakage function (B) because less secondary breakage was hypothesized. Some selection function (S) and B parameters were determined. Remaining parameters were estimated using a population balance model simulator. To evaluate the kinetics model, an unsized ore sample was also milled. Predicted and measured particle size distributions (PSDs) agreed well, suggesting that S and B parameters can be used for continuous operation mass balances.RÉSUMÉ Des essais de broyage ont été menés sur un minerai oxydé de cuivre-cobalt à l’aide d’un broyeur à boulets piriforme. Douze fractions de minerai de dimension unique ont été préparés et broyés en voie humide en lots. Le broyeur était mis en route à des intervalles de 0,5 à 30 minutes. L’intervalle le plus court fournissait des données plus étroitement liées à la fonction d’abattage (B) car d’après l’hypothèse avancée, le besoin d’abattage secondaire était moindre. Certains paramètres de la fonction de sélection (S) et de B ont été déterminés ; les paramètres restants ont été estimés à l’aide d’un simulateur de modèle d’équilibre de population. Pour évaluer le modèle de cinétique, un échantillon de minerai non calibré a également été broyé. Les compositions granulométriques (PSD, de l’anglais particle size distributions) prévues et mesurées correspondaient bien, ce qui laisse penser que l’on peut se servir des paramètres S et B dans le cadre d’équilibrages massiques en fonctionnement continu. INTRODUCTIONSize reduction of solids is a very energy intensive and highly inefficient process. It consumes approximately 5% of the electricity produced worldwide (Rhodes, 1998), and more than 50% of the total energy used in mineral processing plants (Walkiewicz, Lindroth, & Clark, 1996). An increase in grinding efficiency can therefore result in significant reductions in operating costs. This often amounts to determining the optimal design configurations for milling an ore sample in a laboratory mill under standard conditions. Prior to optimizing the milling stage, the requirements for downstream processing in terms of particle size distribution (PSD) need to be understood because low liberation and overgrinding will lead to future problems. Once this is done, it is also important to clearly understand the breakage properties of the ore. The kinetics of size reduction in tumbling mills are often determined using two probabilistic functions: selection and breakage (Austin & Luckie, 1972). Knowledge of the selection and breakage functions also enables the prediction of the PSD for a given ore sample."

Jan 1, 2017

By S P. Giambra

The 50,000-ton-per-day Concentrator and Crushing Plant, complete with its related water supply, tailings disposal and concentrate handling systems, was started up in a five-month period, with the entire plant obtaining its design capacity six months after the first mill became operational. Individual mill lines, with their spiral circuits, achieved design capacities within a week after the first treatment of ore through each mill. Construction and start-up proceeded together in many areas of the plant, and considerable organization and cooperation between the Owner, the Engineer and the Contractors permitted a smooth transition from construction to operation. PLANT DESCRIPTION THE Carol Lake Plant of the Iron Ore Company of Canada l1as been well described in various technical magazines. The purpose of this paper is to present a brief outline of the start-up of the con-centration complex. This start-up was accomplished in a period of five months, with the plant producing one million tons of concentrate and achieving its design-rated tonnage less than six months after the first ore was treated.

Jan 1, 1963

Pilot plants for pressure hydrometallurgy represent special design and project execution challenges unique to the industry and to the pilot- and demonstration-scale. Pilot plant projects have different objectives and shorter timescales than commercial plant projects. Design considerations and strategies, and project execution methods that meet the special needs of pilot plant projects, are discussed. Specific guidance is given for the selection of appropriate pressure and temperature design points for pressure hydrometallurgical process equipment, and for the selection of materials of construction for pilot-scale equipment. The balance between the need for process similarity with future commercial operations and the realities of pilot-scale equipment is also discussed.

Jan 1, 2004

By J. L. Thornton

Introduction The importance of coal in our economy is well established, but it may not .be so generally realized how important a part it plays in our daily life. Select a product - any product - and, if it is made in America, bituminous coal has touched it first. Everywhere we will find coal, derivatives of coal, or functions made possible by coal. Apart from the well known major uses of coal for domestic purposes, coking, utilities, railways, and manufacture of steel and cement, there are over 200,000 products derived from coal, from lipstick colours to nylon products and perfumes. An item of interest is the recent action of the Canadian Government in voting $90,000 for development of coal deposits in Yukon Territory to make coal available to the settlers in that area. The value of this move, in case of some emergency, is very evident. Coal in its several stages of formation as peat, lignite, sub-bituminous, bituminous, semi-bituminous, semi-anthracite, and anthracite, has been used for centuries. Coal, as such, was not very well known to the ancients. First reference to "magic stone', or coal, was in 371 BC by Theophrastus, a pupil of Aristotle. This substance was said to burn like wood coal or charcoal and was used by the smiths. The first record we have in modern times was in 852 AD, when sea coal was gathered by the cowled monks of Durham, in Britain, and even at that time a major problem was transportation. Our first record of coal in this continent was near Richmond, Virginia, in 1700. Commercial mining was not under way, however, until 1750. The anthracite fields (presumably in Pennsylvania) were opened in 1793. Even so, there was no extensive mining until about the year 1820. The famous Pocahontas coalfields were opened in 1883. The earliest record of coal mining in Canada is about 1746.

Jan 1, 1950

By F. W. Gray

A GEOLOGICAL study seeking to determine, for economic purposes, the value of the Sydney coalfield as a source of coal supply. Limitations of the coalfield come under two main heads: (a) Areal extent of the undersea coalfield. (b) The distance from shore at which coal can be mined at a cost of production permitting its profitable sale. Conclusions reached are that the areal extent of seams below the Phalen seam is of. small economic importance, and that non-persistence of these seams in full thickness and quality in the undersea extension of the coalfield will put an end to profitable mining before any limitations connected with distance from the shore-line become operative. With respect to the Phalen seam, non-persistence or deterioration of the seam will become effective in the western part of the coalfield, and less certainly in the eastern part of the coalfield, before operation of limitations by distance from shore. In the central portion of the coalfield, the seam probably persists in commercially workable thickness and quality to beyond the limit of mining set by distance from the shore-line. With respect to the seams above the Phalen seam between the Mountain fault on the extreme western boundary of the coalfield and the assumed termination of the deposition area on the eastern extremity of the field near South Head of Morien, there appear to be only such limitations as arise from engineering approach, distance from shore, sufficiency of strata cover between the sea-floor and the upper coal seams, and quality of the coal (with certain reservations as to the continuity of the upper seams under Sydney harbour and in the Sydney Mines-Little Bras d'Or district). Some of these seams have fragmentary land outcroppings from which their persistence seaward is assumed, and there may be other and still higher seams in the strata column which are entirely submarine.

Jan 1, 1941

By G. Hamel

The LCL&L process (Low Caustic Leaching & Liming) is a patented hydrometallurgical route developed by Rio Tinto Alcan (RTA) to economically process spent pot lining (SPL) generated by aluminum cells. The three resulting end-products (carbonaceous, fluorinated and caustic liquor) are inert and have valorization possibilities. An industrial size pilot plant located in Saguenay (Quebec) was inaugurated in mid-2008 to demonstrate and optimize the technology. This paper describes characteristics of the LCL&L process and the experience acquired by RTA since the plant's start-up, including ramp-up capacity and technology challenges that were overcome. Possible end-products valorization methods are also presented. The carbonaceous end-product can be separated into carbon and brick rich fractions and used as either alternative fuel, reducing agents, or as raw material for third party processes. The development of a conversion process for the fluorinated end-product would allow its reuse as a substitute to fluorspar mineral for aluminum fluoride production. Finally concentrated caustic liquor is already valorized at the nearby RTA Vaudreuil alumina refinery.

Jan 1, 2011

By G. W. Smith

"The adsorption of dehydroabietylamine acetate on quartz, hematite, rutile and baddeleyite has been deter-mined for concentrations ranging from 0.3 to 5,600 µ. moles/I and for pH values ranging from 2.5 to 10.5.The surface tension, UV and IR spectra, equivalent conductance and ion concentrations for dehydroabiety lamine acetate solutions have been determined.Contact-angle and flotability studies have established that good collection may be obtained with this amine but that selectivity depends on the suitable use of depressants for some of the minerals."

Jan 1, 1971

By Jerry Ran

Many large underground mines using the open stoping method have changed their primary applications of consolidated rock fill (CRF) to paste or consolidated hydraulic fill due to considerations of demand in infrastructure and equipment, system reliability, backfill capacity and material sources. However, some smaller or even large mines still use or consider using CRF for backfill purpose due to factors such as capital expenditure, availability or suitability of other fill types or in some cases local regulatory requirements. As demands on CRF applications diminish among major mining companies, there is a lack of recent literature on application of CRF to open stoping in design and operation. There are several methods being used for fill strength design. Results from these methods have been successfully applied to paste or hydraulic fill. However, the design strength for CRF is much higher than that determined by use of these widely accepted methods. In operation, CRF preparation and placement have significant impacts on the quality of placed CRF and therefore the mining performance. This paper reviews the current fill design methods and their applications to open stoping with presentation of the bench marking data, presents fill failure cases and various CRF preparation and placement arrangements and discusses quality assurance and control programs.

Jun 1, 2012

By J. A. Irvine

In 1972, a cooperative program to map and estimate the quantity of Tertiary coal resources in southern Saskatchewan was initiated by the federal and Saskatchewan governments. More than 700 exploratory boreholes were drilled over a two-year period, and data were obtained from other organization s on an additional 1500 boreholes in the area. Stratigraphic data and data on each coal seam penetrated in the boreholes, along with technical and location data for each borehole, were stored in a computer data base for convenience of retrieval, modification and manipulation. Programs and program packages were developed or adapted to: (1) select borehole information defined by variable retrieval parameters from the data base; (2) calculate derived information , such as overburden ratios. cumulative net coal thicknesses , mean weighted center of gravity of coal seams in each borehole, etc., from the selected data ; (3) produce posting maps of either selected data or calculated information in various combinations at variable scales on a plotter or CRT display; (4) produce contoured structure, isopach or ratio maps , and perspective diagrams as appropriate , utilizing plotter or CRT display; (5) calculate and categorize quantities of coal in place within user- defined "mineability-economic-reliability" limits. The emphasis in computer utilization was placed on geological credibility of the results and ease of operation by relatively untrained geological personnel, resulting in extensive use of interactive methods. The single most important benefit derived from using computer-assisted procedures is the ability to produce new maps and quantity estimates rapidly and inexpensively as a result of availability of new data or/and changes in external criteria which impose economic or mineability constraints.

Jan 1, 1978

By S. Esfahani, M. Barati, Y. Kauwachi

"Heat recovery from slag has gained attention due to its high potential in lowering energy intensity of metal extraction processes. A direct method to recover the thermal energy of slag is to use countercurrent air flow that extracts the heat from falling droplets. Often, the solidified slag is aimed to be used as a substitute for Portland cement, thus high cooling rates are required to form an amorphous slag with sufficiently strong hydaulicity. Rapid cooling however involves using large gas flow rates that in turn lower the thermal efficiency of the process. This article presents a mathematical model that was developed to determine the optimum conditions in the heat recovery process and to investigate the effect of the air flow and granule diameter on the cooling rate of the droplets as well as the thermal efficiency of the heat recovery system. INTRODUCTIONMetallurgical slags are the largest by-product of high temperature materials refining and extraction processes. The total amount of metallurgical slag produced in the year 2008 has been estimated at up to 422 million tonnes containing up to 222 TWh/y (Barati and Esfahani, 2011) of thermal energy. Over the past four decades attempts have been made to recover this substantial amount of energy as heat, electricity, or fuel, while none of the proposed method has been commercialized yet.During slow cooling the slag tends to crystallize the constituents (CaO, SiO2, Al2O3, etc.) into a hard, heavy solid. In the past, over 90% (Bengt, 1983) of the molten waste was discharged onto heaps and allowed to cool slowly, then crushed and used in road construction or land filling or as coarse aggregate for concrete. However, later it was found if cooled rapidly, the slag can be used as a substitute for Portland cement. As a result, processes such as wet granulation were created in which molten slag is fragmented with water, forming amorphous (glassy) phases. Despite its effectiveness in producing a suitable material, heat would not be recovered through this process. Thus, dry granulation was introduced in 1930’s and was developed further in 1970 – 1980’s."

Jan 1, 2012

By Olanrewaju A. Ojo, Xu Wang, Jian Xin Dong, Lina Zhang, Jerzy A. Szpunar

"The influence of crystallographic orientation on the pitting corrosion behavior of Ni-Fe-Cr alloy 028 was studied by a combination of X-ray diffraction (XRD), electron backscatter diffraction (EBSD), potentiodynamic polarization technique and atomic force microscopy (AFM). The results show that there is anisotropy of pitting corrosion that strongly depends on crystallographic orientation of surface planes. The distribution of pits frequency in standard stereographic triangle shows that the crystallographic planes close to {100} are more prone to pitting corrosion compared to planes of {110} and {111}. The calculation of surface energy (001) and (111) shows that the planes of high packing density of atoms have low surface energy with concomitant strong resistance to pitting corrosion. A correlation function between crystallographic orientation and pitting corrosion susceptibility suggests a method not only to predict the pitting resistance of a known textured materials, but also to improve corrosion resistance by controlling materials texture.INTRODUCTIONNickel-iron-chromium(Ni-Fe-Cr) alloys are widely used in various industries and engineering sectors due to their combination of good mechanical properties and high corrosion resistance(Hibner, 2001; Thomas, 2006; Ghosh, 2005).Ni-Fe-Cr alloy 028 (alloy 028)has such important characteristics worth mentioning. Alloy 028 contains high amounts of nickel, copper and molybdenum which improve its resistant to corrosion attack in reducing medium, and presence of high level of chromium makes it more resistant to oxidizing species. Moreover, alloy 028 is less expensive because of higher amount of iron compared to other similar alloys. Currently, alloy 028 is manufactured as evaporator tubes applied in the phosphoric acid production; production tubing and casing used in deep and sour gas wells; heat exchangers employed in nuclear power plants, and seawater-carrying piping and seawater-cooled heat exchangers (Bankiewicz, 2012; Kivisäkk, 2003; Gómez, 2003; Xian, 2012; Bellezze, 2004)"

Jan 1, 2017

By Kenneth M. Haley

THE development of Reserve Mining Company's pelletizing practices began in 1949 in a pilot plant located at Ashland, Kentucky. Three years later the participating companies -Armco Steel Corporation, Cleveland Cliffs Iron Mining Company and Republic Steel Corporation concluded the work and the small plant was shut down. Oglebay Norton and Company was the operating manager and Armco Steel Corporation furnished labor and services. Arthur G. McKee and Company were the designers and constructors. The equipment flow sheet that was employed in that pilot operation is shown in Figure 1. This was Reserve's first step from the laboratory work per-formed by the Mines Experiment Station of the University of Minnesota in developing a commercial operation. The plant used New York state concentrate, purchased from Jones and Laughlin Steel Corporation's Benson Mine. This concentrate, minus 14 mesh, 64.3 per cent Fe, 5.7 per cent Si02, was processed at Ashland to 80 per cent minus 325 mesh in conventional ball mill, classifier, thickener, filtering

Jan 1, 1961

By Magdy Ibrahim

This paper presents experimental design and development of a low-cost remote sensing hardware designed to support automated site data acquisition for near real-time progress reporting of construction operations. The developed hardware utilizes open source microcontroller equipped with multiple sensors that include 3D accelerometer, GPS, Data logger and Bluetooth. The use of open source microcontroller makes the developed design cost effective; freeing it from the need for costly license fees. Its platform configuration is flexible; enabling the addition of temperature, weight and other sensors, Wi-Fi and Xbee capabilities to suit individual field applications. Pilot tests have been carried out in laboratory and outdoor environments. The results prove effectiveness and robustness of the developed configuration. The paper provides description of the individual components used in the development of this prototype hardware. It also describes the technical characteristics, capabilities and limitations of the developed hardware. The findings of comparison with alternative technologies used for outdoor tracking of construction operations are presented. The comparison is carried out with respect to range, cost and suitability for outdoor environment. The developed hardware is expected to support a wide range of applications including tracking of earthmoving operations, highway construction and onsite resources. As well, it is expected to enhance safety on construction jobsites.

Aug 1, 2013

By D. J. W. Piper, T. Hundert, G. Pe-Piper

"Abstract - Potentially commercial deposits of kaolin are found in the fluvial Lower Cretaceous Chaswood Formation, the sedimentologically proximal equivalent of deltaic sediments of the offshore Scotian basin. The geological setting of the kaolin deposits has been interpreted from high-resolution seismic-reflection profiles and boreholes, and mineralogical studies on one reference borehole. The kaolin is a product of early diagenesis involving meteoric water below the water table. The distribution of kaolin is controlled by the presence of intraformational unconformities that were sites of ground water recharge, and are marked by the development of oxisols above the water table. Such diagenesis was facilitated by interbedded, loosely consolidated, permeable sandstone. The highest-grade kaolin deposits are found in areas close to river belts, where overbank muds were not sufficiently drained to develop paleosols, but where later uplift created intraformational unconformities. In the sandstone, meteoric water flow altered feldspars to kaolin, thus yielding commercial silica sand deposits. It also altered ilmenite to rutile, which is concentrated as secondary placers in modern rivers that have eroded the Chaswood Formation and tills derived therefrom. Sommaire - Des dépôts de kaolin potentiellement économiques ont été notés dans la Formation de Chaswood d'’âge Crétacé Inférieur, laquelle constitue un équivalent latéral en milieu fluviatile aux sédiments deltaïques du bassin de Scotian. Le contexte géologique de ces dépôts de kaolin a été interprété a partir de profils de seismique-réflection à haute résolution, de sondages, et d’études minéralogiques sur un sondage de référence. Ce kaolin est un produit diagénétique précoce formé par de l’eau météorique sous le niveau de la nappe phréatique. La distribution du kaolin est contrôlée par la présence de zones de recharge associées à des discordances intraformationelles marquées par le développement d’oxisols au-dessus du niveau de la nappe phréatique. La présence d’interlits de grès perméables faiblement consolidés a contribué à l’efficacité de ce processus diagénétique. Les dépôts de kaolin les plus riches se trouvent en périphérie des rivières, là ou les boues de la plaine d’inondation n’étaient pas suffisamment bien drainées pour permettre le développement de paléosols, mais où des mouvements verticaux subséquents ont crée des discordances intraformationelles. La circulation d’eau météorique dans les grès a entraîné l’altération des feldspaths en kaolin, générant ainsi des dépôts économiques de sable de silice. Elle a aussi causé l’altération de l’ilménite en rutile, que l’on trouve dans des placers secondaires situés dans des rivières contemporaines qui ont érodé la Formation de Chaswood et les tills qui en sont dérivés."

Jan 1, 2006

By N. Ahern, L. Manoukian

"Cyanide is a leaching agent for precious metals commonly used in gold ore processing. Cyanide exists in various forms (including free, complexed as weak or strong complexes, and as ions such as cyanate and thiocyanate), so its detection, speciation and analysis in processing or environmental samples can be complex. This paper will review best practices for cyanide sampling and preservation in the field, interferences and pretreatment methods required prior to sample analysis and analytical methods that are used for cyanide species. Titrimetric, flow injection ligand exchange, spectrophotometric, colorimetric, potentiometric, amperometric, and chromatography techniques will be discussed and their chemistries, detection limits, advantages and limitations will be described.INTRODUCTION Cyanide is well known to be an extremely toxic species. Accurate cyanide measurement in effluent from mines is critical from an environmental perspective. Its measurement is also an important control parameter in the recovery of gold using cyanidation. Cyanide chemistry is diverse and complex, and cyanide analysis can be challenging as a result of and because of limitations in understanding of analytical methods. Various chemical mechanisms can form or destroy cyanide, and the sample matrix or preservation chemicals can also affect analytical results. These interferences make the collection of reliable cyanide measurements challenging and can start as soon as the sample is collected, during laboratory pre-treatment and during analysis. This paper reviews different methods of cyanide measurement. The basic chemistry of cyanide, best practices for sampling and preservation, as well as various methods of analysis will be discussed.CHEMISTRY The complexity of cyanide chemistry is well known (Beck, 1987; Delgado, Botz, Bucknam, Milasovljevic, & Staley, 2008; Botz, Milosavljevic, & Ward, 2013) and is attributed to the ability of cyanide to undergo: •,Volatilization •,Precipitation •,Adsorption •,Complexation with metals •,Oxidation to cyanate, ammonia, or cyanogen chloride •,Reaction with sulfur or sulfide minerals to form thiocyanate •,Redox reactions leading to the formation of cyanogen and cyanate •,Redox reactions (of some cyano complexes) •,Photochemical reactions (of some cyano complexes)"

Jan 1, 2017

By R. Duinker

"This paper, an update to the 2003 paper titled "Knowledge, Technology and Profit" (Twigge-Molecey, 2003) analyzes 45 "problem projects" from the mining and metals industry over the last eleven years representing $133 billion in CAPEX. The projects have been designated as "problem projects" as they did not meet their owner’s initial expectations for project performance as defined in the paper. This paper explores some of the challenges that were present, through interviews with the knowledgeable individuals that were familiar with the projects and investigations using publically available information. The aim of the exercise was to identify the key challenges faced by the projects, and the contributing factors that led to the project failures so that the lessons can be applied to future projects.The project challenges have been categorized into four themes, technical, organizational, environmental & social and missing "homework" prior to board approval. Of noteworthy interest is that environmental permitting aspects have risen to become a significant and notable contributor to problem projects in 11 years from 2003 to 2014. It is further observed that many projects have been challenged by increasing size and complexity and with execution in more remote locations since the previous paper.It is a reality that every project will face challenges. Some projects are simply more challenging than others, and success or failure of the project is often determined by whether the project team is fully prepared to respond to the challenges. This in turn is largely dependent on whether the project "homework" was adequately completed and considered for all aspects of the project."

Jan 1, 2015

By C Carbonneau

In order to successfully produce columbium pyrochlore concentrates, St. Lawrence Columbium and Metals Corporation had to face two principal problems met in several new operations but possibly made more acute than usual owing to the newness of the project. 1.-The ore is particularly complex, as it is made up of an elaborate intermingling of carbonates and discontinuous ultra-alkaline rock bodies of various ages and types in which no less than seventy mineral have been re-ported. Obvious petrographic or structural controls are lacking. Ore boundaries have to be defined on the basis of assay results and the determination of several minerals which occur in trace amounts. 2.-The pyrochlore concentrates produced had to com-ply with a set of stringent specifications. This fact, combined with the low Cb205 content of the ore, necessitated the use of a beneficiation process that would have to operate at a concentration ratio greater than 100:1. A brief description of the mill circuit is given. Mill stability was obtained through extensive mineralogical study of the mill feed coupled with close geological and engineering control of the mining operations.

Jan 1, 1965

By A. H. C. A. Zimmerman

WE have just heard what must be regarded as a thoughtful, constructive and somewhat painful analysis of the financial function of our industry. While thinking about this, it is interesting to reflect on the conditions which have stunted the growth of the financial side of our affairs. Mining must be regarded as a wealthy business. •while immeasurable grub takes and development budgets have been lost, there can be little argument that a productive ore-body nearly always produces the type of wealth that breeds some extravagance. I recognize that this statement can be attacked from many sides, but an historical comparison with a commercial enterprise involving similar investment will demonstrate what I mean. However, these old times are be-ginning to disappear for a variety of reasons. High amongst these are: ( l) Increased costs of exploration. (2) Remoteness of many new finds. (3) Fixed or declining metal prices (particularly when expressed in constant dollars). ( 4) Constant demands for higher wages.

Jan 1, 1962