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By Jos. Kalbhenn

MR. G. G. BOWSER: Mr. Kalbhenn's paper is an excellent one and is a concise description of a very interesting piece of work. It is well known that a great deal of preliminary study was given to this job before the final plans were made. It is due to this thorough preparation .chat the work progressed so satisfactorily, smoothly, and safely. The ideas carried out in the construction of the hardwood pack, timbered compartment, inclined raise, loading chute, and steel-boomed room, all contributed to a successful conclusion of the work. The extra care in being certain that the compartment shafts were well timbered was especially necessary on account of the difficult blasting conditions. In other words, the foundations .of this job were well and truly laid. The blasting in this work was very difficult due to the nature of the Strata. Working under an ever precarious roof condition and completing .this job with only two lost-time accidents is a record of which to be proud. The shaft men engaged on this work are also due for praise. I regret I did not visit this work while it was in progress. It was not in lack of interest. This, however, more or less proves that the blasting end .of this job went along with practically no trouble. I have seen the nature of the rock, as I made several visits to the tunnels while they were being put through from the Phalen to the Harbour seam. According to figures in Mr. Kalbhenn's paper, the explosives consumption works out to 1.61 pounds per cubic yard of rock in the solid, or 0.8 pounds per ton. The explosives consumption in the tunnels ran from 2.86 to 3.46 pounds per cubic yard or an average of 1.58 pounds per ton of rock. Of course, the rock in the shaft was blasted in the most economical way possible, as far as powder costs are concerned, as the face advanced at close -wright angles to the strata and gravity was acting with the explosive. The tunnels were driven nearly 'end on' the strata and bottom holes had to be lifted, and I believe there was some re-drilling of ribs left in the floor. I would like to congratulate Mr. Kalbhenn on his very fine paper.

Jan 1, 1944

By R. H. Duthie

As at any other mine in Canada, grade control procedures are used at Steep Rock Iron Mines (1) in order to ensure that concentrator and pellet-plant operator s have a uniform feed so that they can manufacture a pellet to suit buyers' specifications and (2) to maximize ore recovery so that as little as possible finds its way to the waste dump or is downgraded by contamination. At Steep Rock, material grading 40% to 66 % Fe is considered ore. The ore may contain up to 10% sulphur. These ranges create six different stock pile types, with the possibility of more if large concentrations of arsenic are encountered. Although grading and mining techniques used to accomplish these ends are fairly standard, there is an appreciation and willingness by hourly and staff pit personnel to make grade control effective. This produces vertical and horizontal communication, which is necessary for success in this field. At Steep Rock, the waste-to-ore ratio is greater than at any other iron ore mine in Canada. Also, a high percentage of the ore mined is direct pellet feed. For these reasons, .grade control is very important.

Jan 1, 1977

By S. Vézina

"Environmental issues have evolved considerably over the last two decades. The main contributing factors, to name a few, have been the changing values of modern societies, the globalization of trade and its linkage to environment, evolution and accessibility of information/ communication technologies, better educated populations, climate change, longrange transport of toxics, and the increasing influence of non-governmental organizations (NGOs) and multistakeholders.As well, environmental management of mining operations had to be realigned in order to meet these new realities and to respond to more elaborated regulations oriented towards sustainability. Environmental management systems (EMS) have been introduced not only to meet the assurance of conformance to regulations but also to prevent pollution and to apply the continuous improvement of mining processes. EMS models have been developed and certification to international standards (e.g. ISO 14 001) is a common practice.Globalization has imposed challenges and additional requirements to environmental management. Developing a mine in emerging countries implies dealing with international agencies, local communities, and a variety of government infrastructures to obtain a “license to operate.” This paper presents the structure of Cambior’s EMS and how it was adapted and implemented in the company’s operations in South America."

Jan 1, 2006

By Amir Zavichi

Today, with the necessity of timely, on-budget and high quality completion of projects, proper use of construction equipment is essential to ensure project success. Construction equipment places a large monetary burden on the project and if not utilized efficiently, it can result in economic losses. Cranes are one of the most important and expensive operational devices on construction sites. They play a central role, and often activities that rely on crane services fall on the project?s critical path. Currently, material-handling scheduling is done by the crane operator or by an on-duty superintendent using his/hers personal judgment, making the process manual and timeconsuming. Thus, developing an optimal schedule, which considers different dynamic constraints in construction job site, may not be possible based on the current practice. This leads to longer operation times and a negative impact on project cost. This paper presents the latest results of an ongoing study, which aims to design and implement a nearreal time crane operation decision support system to be utilized directly by the crane operator or as an aid for the superintendent in scheduling optimal operation services. This system has several advantages such as maximizing the efficiency of crane operations, guaranteeing the best operation possible to reduce the crane?s travel time, reducing crews and equipment idle time, and minimizing the dependence on subjective human judgments.

Aug 1, 2013

By D. P. R. Smyth

The limestone reef reservoir at Swan Hills consists essentially of a "buildup" of successively smaller atoll-like layers. Precipitation of calcium carbonate within the lagoonal area of each layer essentially kept pace with growth of the outer organic lattice. Within the reef mass, six de-positional environments characterized by specific suites of fossils (or fossil fragments) and associated limestone textures are recognized as follows: ( 1) Aerated moderately agitated water of normal marine salinity (widespread shelf or submerged reef-built platform). Thamnopora-type corals, Amphipora, "pancake" stroma-toporoids, crinoids, articulate bra-chiopods, rare rugose cup corals, and ostracods occurs in light gray-buff skeletal microgranular limestone of low permeability. (2) Semi-stagnant quiet water of normal marine salinity (leeward side of reef). Crinoids, articulate brachio-pods, rare thamnopora-type corals, Amphipora, pancake and bulbous stromatoporoids, rugose cup corals, ostracods and gastropods occur in impermeable dark brown argillaceous skeletal calcilutite with thin black bituminous shale beds and rare dark chert nodules.

Jan 1, 1961

By K. O. J. Sidwell

STRATMAT LIMITED, through its subsidiary, the Strategic Manganese Corporation, controls two adjoining iron-manganese properties five miles west of Woodstock, New Brunswick. One is a staked property of 77 claims traversed by one trunk highway, several secondary roads, and a branch line of the Canadian National railway. The other property, a 20-square-mile Concession immediately to the north-east, is also traversed by an excellent network of roads. Both proper-ties are situated in gently rolling farmland. The deposits were discovered in 1836 by Dr. C. T. Jackson. The first attempt to exploit them was made in 1848 when a blast furnace was erected with a capacity of 7 tons per day. The ore was mined by a series of deep trenches that followed the folds of the enclosing slates. In the late years of operation, bog iron ore from Burton and Maugerville, in Sunbury county, was used in conjunction with the Wood-stock ore. An additional 5-ton furnace was erected in 1863 and mining was carried on intermittently until 1884. No further extensive work was done until 1953. During the period of activity, approximately 70,-000 tons of ore are said to have been smelted ( 1). During these earl y operations the Iron Ore Hill and Moody Hill deposits were partially opened, with the ?bulk of the furnace feed being mined from the Iron Ore Hill workings. The low tenor and apparently limited extent of the deposits, the high. ?content of phosphorus, and the increasing scarcity of fuel, were the chief factors that brought the enterprise to an end.

Jan 1, 1957

By N. Ogbonna, D. G. Dixon

Although heap bioleaching has been recognized as an economic alternative for treating low grade mineral ores, the underlying physical, chemical and biological processes involved are complex. A detailed investigation into the dynamics of heap bioleaching processes has provided much insight into the underlying complexities, and has led to the development of a sophisticated modelling tool - HeapSim. This tool can be of great help in the design and operation of heap bioleaching processes. In this paper, the mathematical model implemented in HeapSim is examined. The model takes into account mineral kinetics, particle level effects, bacterial growth, oxidation and adsorption, gas absorption, pore diffusion, bulk advection, gas balance and heat conservation. Three case studies where the model has been applied are briefly discussed. Computational Analysis in Hydrometallurgy 35th Annual Hydrometallurgy Meeting held in conjunction with the 44th Annual Conference of Metallurgists of CIM Calgary, Alberta, Canada Edited by

Jan 1, 2005

By G. Bourque

One of the design criteria for the Mount Wright facilities was to incorporate the latest proven automation techniques and devices for the new crushing, grinding and concentrating plant. The heart of the centralized control system is a Fox 1 process computer, located in the central control room in the administration building. The entire operation, i.e. crushing, conveying, storing, grinding and concentrating, is monitored and controlled, through the process computer , by one operator via a CRT console. In case of computer failure, the control is automatically, and without process interruption, transferred to manual back-up panels. One of the newest management tools, the process computer is programmed to collect and automatically print out shift. daily and monthly reports on tonnage, metallurgy and equipment operating time, for better planning of operations and preventative maintenance.

Jan 1, 1977

By Jesus Garcia Iglesias, Jorge Loredo

"Abstract -The Asturian fluorspar district consists of vein and stratiform deposits where mineralization is controlled by a combination of lithological and tectonic factors.It is postulated that these fluorspar deposits have been formed under disequilibrium conditions created during circulation of ascending hydrothermal solutions along faults and other high permeability conduits. Mixing of solutions is inferred from fluid inclusion studies. Cavity filling and replacement processes are very important in localizing the ore deposits and in determining their morphology.Permian volcanic rocks in the area yield a regional positive geochemical anomaly in fluorine implying that Permian vulcanism may be a possible primary source of fluorine.On a regional scale a relationship can be established between some of the ore deposits and important tectonic lineaments. The stratiform deposits preferentially occur within a calcareous-detrital facies located at the margins of basins. These basin margins are related to important synsedimentary faults.Fluorite is the only economic mineral in these deposits. Quartz, carbonates, barite and pyrite are common minerals accompanying fluorite. Other minerals that may occasionally be present as minor components are: marcasite, chalcopyrite, fahlore, sphalerite, galena and related supergene minerals."

Jan 1, 1994

By H. C. Gunning

Introduction The invitation to contribute a discussion on some of the broader features of the mineral deposits of our Cordillera seemed acceptable enough when presented several months ago. More mature consideration has impressed upon me the difficulty of making any constructive or very helpful contribution in the short time available and with my limited inspiration. Dr. Lang deserves our real gratitude for his general paper of nineteen pages at the beginning of the Volume. Into it, with the help of two diagrams and seven tabular summaries, he has packed a lot of useful information and has analyzed along several lines the data of the Volume's twenty-eight detailed papers on our mines and camps. He has added additional facts from his own knowledge of the region. I am sure that, like myself and the whole fraternity, he feels especially grateful to the eleven company geologists who found time to contribute detailed descriptions of mines they have studied. The Regional Situation With the Jubilee Volume and two recent publications of great value from the Geological Survey, we are more up-to-date on Cordilleran geology than we have ever been. But I would like to emphasize that we still have but fragmentary information. Brief study of G.S.C. Map 932A will illustrate this. Our knowledge of the Rocky mountains is limited to two narrow sections along the main railway lines, a somewhat larger area from the border north along the Mesozoic coal-bearing basins, and some reconnaissance along Peace river and the Alaska highway. There is some additional information on old maps, particularly those by G. M. Dawson, but it is very much of the 'exploratory' type. The other mapped areas are chiefly in the accessible region south of 'fifty-one', in the central part adjacent to and spreading north, recently, from the Canadian National railway, and along the edges of the Coast Range.

Jan 1, 1950

By R. Lodha, C. Oprea, G. Oprea, H. Zargar, T. Troczynski

"The basic refractories used in non-ferrous industry contain chrome ore for improving the thermal shock resistance, thus reducing the penetration of molten metal and fayalite-type slags into the lining. The current study aims to replace chrome ore with Me4+ ions along with Fe3+ ions in order to form MgO-Al2O3- FeOx-Me4+O2 based complex spinel systems that could perform similar to the complex chromia-bearing spinel in the magnesia-chrome refractories. This system allows for lower temperatures of synthesis and sintering. In our study, compositions with 60% MgO were fired below 1500°C and resulted in complete formation of complex spinel, and open porosity less than 5%. The in-situ formation of the complex spinel from the fine mix of oxides in the MgO-Al2O3-FeOx-Me4+O2 system offers a suitable alternative of binding system to produce basic refractories at lower temperatures and of similar physical and mechanical properties with magnesia-chrome bricks fired above 1750ºC. INTRODUCTIONThe synthesis of magnesium aluminate spinel (MgAl2O4) (Maschio, Fabbri, & Fiori, 1988) or magnesium chromate spinel (MgCr2O4) from their respective oxides is diffusion controlled resulting in a sluggish reaction even at high temperatures. For instance, the diffusion of Mg2+ and Al3+ ions in the intermediate spinel layer during reaction is slower than the diffusion of Mg2+ in corundum and Al3+ in periclase. The interfacial layer of spinel formed during the reaction increases the diffusion path for the spinel forming cations. This accompanied by ~8% volume expansion retards further reaction resulting in incomplete spinel forming reaction during sintering and hence densification during the reaction cannot be achieved. In order to assess sintering studies with fine particulate oxides that would result in a lower diffusion path, a mechanical mixture of the hydroxides of aluminium and magnesium calcined at 1400ºC to 1600ºC for 1 hour does not result in complete spinel formation (Sarkar, Das, & Banerjee, 2003), which indicates that reaction sintering of stoichiometric magnesium aluminate spinel is retarded by initial reaction forming the interfacial spinel layer. The basic bricks used as linings in non-ferrous pyro-metallurgical convertors are manufactured using magnesia and chrome ore, the sintering of which produce spinel solid solution. This solid solution is a mix of both normal and inverse spinel structures that sinters at temperatures in excess of 1800ºC in air."

Jan 1, 2012

By R. H. Nafziger

A novel process has been developed for preparing directly workable steel ingots from prereduced iron ore pellets by a two-stage process. The pellets are continuously charged into an electric arc furnace, where molten metal is separated from the gangue. The molten metal flows out of this furnace through a hollow nonconsumable graphite electrode immersed in a molten flux in an electroslag furnace. The molten metal solidifies on a continuously withdrawing base plate to form the ingot. A variety of standard carbon and alloy steel ingots . free of porosity , were produced using suitable decarburizers and ferroalloy additions. Some advantages of the two-stage process include: (a) consumable electrode fabrication is eliminated; (b ) no expensive deoxidizers are required; (c ) the uncontaminated electros lap flux can be reused; (d) energy consumption averages 25% less than in a conventional electric arc - electroslag operation ; and (e) the operation is continuous.

Jan 1, 1977

By D. G. Eskin

"It is well known that it takes some time for the solid phase to completely dissolve upon melting, especially inside the defects of insoluble particles, e.g. oxides. Until then the oxides remain active solidification substrates in the case of subsequent solidification. It is also known that ultrasonic melt treatment causes grain refinement through activation and dispersion of solidification substrates (one of the mechanisms) and also accelerates the dissolution of solid metal in the melt. In this study we combine these effects and demonstrate that the introduction of an alloy rod into the matrix melt of the same composition results in significant grain refinement, this effect being increased by the ultrasonic vibration of the rod. The achieved grain size is comparable to that obtained by a standard Al–Ti–B grain refiner. All samples were cast using a standard TP-1 mould to enable correct comparison. The effect of the temperature range of the rod introduction, as well as the effect of ultrasonic vibrations are discussed.INTRODUCTION The fact that by introducing solid metal into the melt one can achieve structure refinement is rather well known. As early as in the 1930s–1950s a series of papers and patents have been published, showing the benefits for grain refinement when dissolving solid metal in the melt before solidification (Danilov and Neimark, 1938; Scheil, 1956). Later on this way of structure refinement was developed further and dubbed “suspension casting” or introduction of “internal chills” (Madyanov, 1969; Zatulovsky, 1981). The solid metal was added in a form of cut wire, cut sheet, or powder, with the resulting grain refining, elimination of columnar grain structure in ingots and castings of steel, copper and aluminium alloys. The underlying mechanisms have been suggested as (1) rapid cooling of the melt due to the latent heat consumption upon melting of the solid metal with the resultant melt undercooling and (2) introduction of many solidification substrates in the form of crystal fragments and active non-metallic inclusions (Danilov & Neimark, 1938; Balandin, 1973). A number of patents have been filed where either the same solid alloy or a master alloy with additions (e.g. Ti for Al alloy) is introduced in the amounts up to 50% (typically less than 10%) into the melt close to the liquidus temperature (Schmidt, 1966; Talbot & Soller, 1973, Krupp, 1974; Bondarev, 1979). The main reason that this technique is not widely used in industry is the possible incomplete dissolution of the solid parts introduced into the melt with ensuing inhomogeneous as-cast structure and potential defects. Also the selection of the temperature range where the technology works the best is not clear."

Jan 1, 2018

By G. Harper

"AbstractThe Suetut. Copper deposit, 230 miles northwest of Prince George, B.C., was discovered in August of 1971. Subsequent exploration has included 56,417 feet of surface diamond drilling in 139 holes. The deposit occur in gently dipping volcanic rocks of the Upper Triassic Takla Group, which out crops as rugged mountains.The general Mesozoic sequence comprises some 20,000 feet of green and red basaltic to andesitic rocks. The Lower Formation is characterized by subaqueous basalt, andesite and augite porphyry flows with interbedded breccias. They were rapidly deposited in tectonic depressions of limited extent and steep gradients. Facies changes are abundant. The Middle Formation. consists of volcaniclastic rocks made up of fragments from the underlying formation. Two cycles are discernible , both with basal turbiditic, tuffaceous sandstone and shale units overlain by massive, volcanic conglomerates exhibiting graded and cross bedding. A broader, shallower-water basin is indicated. The top of the uppermost unit was subaerially deposited. The Upper Formation is a variable sequence of volcanic sedimentary rocks. Detritus was supplied from a wide source area and included multiple reworked fragments of the lower formations and material from other rock groups known in the region. Zeolite facies metamorphism is recognized throughout: the entire sequence. Epidote is particularly abundant in the Middle Formation, demonstrating the results of metasomatism.The mineralized zone is approximately concordant with the strata over 100-200 feet of the Middle Formation succession . It lies just below the zone of transition from subaqueous to subaerial deposition in the top unit. Hematite, chalcocite, pyrite, bornite, chalcopyrite and native copper are disseminated throughout all sizes of lithic fragments and matrix. Concentration into the specific zone is believed to be due to upward leaching of copper during lowgrade metamorphic and metasomatic reaction. Precipitation occurred in the zone of hydration characterized by prehnite-pumpellyite below the oxidized subaerial rocks."

Jan 1, 1977

By H. A. Khorami, T. Wong, B. Velapatino, E. Asselin, T. Donnelly, E. Bryce, R. Dixon

A copper–nickel concentration gradient alloy was designed and fabricated through a powder metallurgy (PM) process. Copper and nickel powders were mixed with different weight ratios from 0 to 100% copper in 10% increments. Each powder mixture was poured inside a cylindrical die and compacted between two punches using a hydraulic press machine at pressures up to 70 MPa, resulting in approximately 1 mm thick layers (discs) of pressed Cu–Ni powder. These 11 Cu–Ni compacted powder layers, i.e. 0–100% Cu with 10% increments, were then compressed together with pressures up to 420 MPa to form a green part. The green part was sintered in a vacuum furnace at 1000°C for 10 hours to form a solid mass (PM part) of Cu–Ni concentration gradient alloy. In the sintering process, Cu and Ni particles fused together and formed a single piece due to diffusion of the atoms across the boundaries of the particles. The diffusion of atoms also converted the stepwise concentration change into a uniform concentration gradient. INTRODUCTION Copper has numerous applications in different industrial sectors due to its superior physical, electrical, mechanical and chemical properties such as its excellent thermal and electrical conductivity, resistance to fatigue, high ductility, and resistance to corrosion. Moreover, copper and its alloys have natural antimicrobial properties. This has opened up new applications for copper–based self–disinfecting surfaces in healthcare in an effort to mitigate healthcare–associated infections (HAIs). HAIs affect millions of patients each year, leading to significant morbidity and mortality as well as financial losses to healthcare systems (World Health Organization, 2016). HAIs spread through three main routes: (a) iatrogenic in which HAIs are a direct consequence of medical encounters and/or treatment; (b) person to person where organisms are transferred between healthcare workers, patients, and visitors; and (c) environmental where transmission occurs via contaminated surfaces and equipment (e.g. doorknobs, railings, toilets/commodes, medical carts). The use of antimicrobial copper–based materials on high touch surfaces could diminish pathogen transmission via this latter rout. This has subsequently led to the development of a variety of copper–based materials for use in healthcare settings and promoted the investigation of the antimicrobial efficacy of copper–based materials.

Jan 1, 2019

By D. A. Beattie

Three novel dextrin polymers of varying functional group chemistry but similar molecular weight have been used to depress talc in single and mixed mineral studies. The mixed mineral system was a model sulphide ore consisting of talc, pentlandite, and chalcopyrite. Adsorption isotherms for the three polymers on both valuable and gangue mineral phases were determined to give initial clues as to the ability of the polymers to depress talc. Flotation testing revealed a distinct hierarchy of effectiveness of the polymers in the depression of talc in the single mineral system (MP Dextrin > CM Dextrin > Dextrin TYM), reflecting the observed adsorption affinity and adsorbed amount of the polymers on talc. However, a different order of effectiveness was observed for talc depression in the mixed mineral system (CM Dextrin > MP Dextrin > Dextrin TYM). Competition between the valuable and gangue mineral phases for uptake of MP Dextrin is responsible for its observed decrease in efficiency in mixed mineral flotation. All three polymers were found to be reasonably selective in their action, although at high dosages the polymers began to affect the flotation of the valuable minerals.

Jan 1, 2006

By T. Billotte, G. Tirand, J. Zollinger, V. Robin, B. Rouat, D. Daloz

The grain structure prediction of metallic alloys during a welding process is often an issue. In addition to the welding parameters and the alloy nominal composition and properties, the base metal grain structure and chemical homogeneity also play an important role in the formation of the final microstructure. In this paper intensive characterisation of solidification structure in gas tungsten arc welding of Ni base alloy 600 are described. It is shown that in transverse section of the weld, while the grain structure shows some texture following constrained solidification growth, grain density in the weld is similar or greater than grain density in the heat affected zone. This suggests that simulation of the welding structure needs, in order to be predictive, to take into account : epitaxial growth, secondary nucleation events and 3D growth inside the weld pool.

Jan 1, 2015

By K. Trapani

"The study undertaken aims to investigate an ice stope heating and cooling system for its potential to be implemented in sub-arctic mines, as a low carbon alternative to conventional natural gas and refrigeration chiller systems. Its performance was simulated for a years’ worth of data, taking into consideration hourly temperature data. Results showed that to supply the required heating and cooling loads, the ice stope system had to supplement its heating with natural heating. The techno-economic performance of this system was compared to that of a conventional heating and cooling system in a mine, with the ice stope thermal storage system hawing the lowest annuitized cost and significantly lower carbon emissions.INTRODUCTIONConventional heating and cooling, in a mine is implemented using natural gas heaters and chiller refrigeration systems respectively. This results in a significant portion of energy consumption in underground mines attributable to ventilation (De Souza, 2015), including the conditioning of the air to ensure that temperatures do not exceed work comfort standards (ACGIH, 2011). Especially at depth where heat could become a significant issue. An ice stope thermal storage, using ice as the storage medium is being proposed as an alternative to provide the heating and cooling—with the ice creation resulting in heating and the ice melting providing the cooling required. A techno-economic investigation of the two systems is undertaken to identify the capital and operating costs for the two systems, and to assess the ice stope’s potential to be considered a low cost and carbon solution for heating and cooling of mines in sub-arctic climates.NATURAL STORAGE SYSTEM – CONCEPT DEVELOPMENTThe concept for the natural storage system is developed from the ice stope at Frood-Stobie Mine, ON, Canada (Stachulak, 1991). The ice stope was developed for mine air heating, with the heating occurring by spraying warm return service water onto the cold intake air—resulting in the air temperature increasing and ice being created in the stope. In summer this ice was melted by passing warm air on top of it, resulting in slight cooling of the air but no significant temperature difference which could allow effective cooling. A schematic of the Frood-Stobie Mine ice stope is provided in Figure 1."

Jan 1, 2019

By W C. Shakespeare

The Ontario Committee on Taxation is making a comprehensive study of taxation in the Province of Ontario, and in this connection has received representations concerning mining taxation from a number of interested parties. Some of the more important recommendations on mining taxation are reviewed in this article. Introduction FOLLOWING the appointment of the Federal Royal Commission on Taxation, the Ontario Government, effective in November, 1962, appointed the Ontario Committee on Taxation to review taxes and revenues available to the Province of Ontario and its local governments, to co-operate with the Royal Commission on Taxation and with any other bodies of enquiry appointed by other provincial governments, and to make such recommendations as it sees fit to the Prime Minister of Ontario and the Executive Council. The members of the Committee are: MR. L. J. SMITH, F.C.A., Toronto, (Chairman) MR. ERIC HARDY, Toronto DR. R. CRAIG MCIVOR, F.R.S.C., Hamilton MR. CARL A. POLLOCK, Kitchener MR. R. BREDIN STAPELLS, Q.C., and Toronto. Like its Federal counterpart, the Royal Commission on Taxation, the Ontario Committee has held public hearings, has received written

Jan 1, 1965

By Lawrence Devon Smith

The selection of the production rate is one of the most crucial decisions to be made in the development of a mineral property. However, it is not uncommon for the production rate to be decided arbitrarily, before any technical evaluations begin, and it is often not reconsidered when better data becomes available. A number of methods are used in the mineral industry to select the production rate for a project. There is general agreement that the size of the ore reserve has a strong influence on this decision, but what other factors are involved? Is there a way to identify an optimum rate? This paper examines the factors that influence the selection of a production rate from the perspective of project economics. The NPV maximum value should be viewed as a “failure” point. The “two times capital” maximum is proposed as a lower limit. A practical check is suggested to confirm that a selected rate is in an optimum range. Production rate assumptions are much more likely to be reviewed for marginal projects, but they should also be reviewed for viable projects.

Jan 1, 1997