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Scope / Agenda ? What is Situation Awareness (SA)? ? Background on SA theory ? SA is critical in a wide variety of domains ? SA and human performance ? Consequences of poor SA ? Significant challenges for SA in mining operations ? Technology centric design ? SA-oriented design methodology ? Goal-Directed Task Analysis ? Design ? SA Measurement and Evaluation ? Applications of SA-oriented design

Aug 1, 2013

By Cummings. J. B., R. Haworth

"THE OPERATION of the Potash Company of America, Ltd., at its plant near Saskatoon, Saskatchewan, is the result of many years of exploratory and development work, culminating in the construction of a shaft, milling, concentrating and other facilities necessary to the production of potash in a marketable form.The possibility that potash existed in •commercial quantities in Saskatchewan was first indicated in 1943, although it was not until mid-1946, when Bata Petroleums penetrated a potash bed at its Verbata No. 2 well near Unity that substantial in-ter.est was developed in the possible exploitation of this important mineral product.The Potash Company of America, which is the largest producer of pot-ash in the Carlsbad, New Mexico area, a district that has been sup-plying about 90 per cent of the North American potash demand, be-came interested in the Saskatchewan deposits •at an early stage. Its engineers made an intensive study of the western Saskatchewan area in 1947 and continued their review of operating problems throughout the next three years.""Potash"" is the commonly used general term applied to the minerals of potassium, of which there are several. The most common mineral forms in which it is produced are potassium chloride and potassium sulphate. The potash content of potassium compounds is ordinarily ex-pressed in terms of potassium oxide (K20) equivalent."

Jan 1, 1960

By N. Waters

"Nickel saprolite ores are normally mined as feed to Fe-Ni smelters or Ni matte smelting operations. The smelting processes typically require high Ni cut-off grades of approximately 1.5 to 2.2% Ni, depending on the operation. These very high cut-off grades result in a significant portion of the saprolite profile being regarded as “waste” and hence having little to no value. The Starved Acid Leach Technology (SALT) was developed to recover nickel and cobalt from nickel saprolites and Caron plant residues. Relatively small amounts of acid are applied to ground saprolites or Caron residues in order to selectively leach nickel and cobalt. The leaching is performed atmospherically under low free acid conditions. Nickel and cobalt may be recovered from the leachate as a mixed hydroxide. The mixed hydroxide may be added directly to a saprolite smelting operation or refined separately. InCoR Technologies is advancing the application of SALT at a number of sites. Bench scale testing has provided a relationship between acid addition and nickel extraction in leaching. Conceptual engineering studies have been completed by SNC Lavalin. The simplicity of the SALT technology provides the benefits of low capital and operating cost and an expected rapid ramp up to full production.INTRODUCTION The recent history of hydrometallurgical nickel laterite treatment plants has demonstrated mixed financial and operational performance. Table 1 summarizes the next generation plants built after the financial and/or technical failure of the Bulong, Cawse and Murrin-Murrin plants in Australia. The Coral Bay plants (Line 1 and 2) stand out (and now Taganito) as relatively low capital cost, simple (no acid plant, production of mixed sulfide product), and modest in scale (10, 12 and 36 kt Ni/a). However, the other plants in the list (Ravensthorpe, Ramu, Goro and Ambatovy) are all characterized by financial and technical challenges. All plants have a very high capital cost ($67,000 to $120,000 USD/annual t of Ni production). Ravensthorpe was sold by BHP Billiton after a poor startup. Ramu has had a steady ramp up but only produces mixed hydroxide for refining by others. Goro has had an extended construction period (since 2001), is high cost and has been very slow to ramp up to design production rates. Ambatovy has had a steady ramp up."

Jan 1, 2017

By Steve Lalancette

Centre Jardin Lac Pelletier (CJLP) has been a leading actor in the revitalisation of closed mining sites in northern Québec for over 20 years. Over that period, CJLP developed a cost-efficient technique that transforms sterile mining residue into a substrate able to support a resilient ecosystem. Using a unique mix of organic matter, fertilisers and selected plant species, this technique rapidly builds a microorganic fauna and a layer of humus that will sustain the creation of vegetation coverage. The coverage is composed of over 13 different plant species, each having a unique role in the development of a resilient ecosystem, from soil stabilisation to nitrogen fixing. Considerably less expensive than traditional methods using civil engineering techniques, it does not require the use of heavy machinery or the spread of topsoil. This technique has been successfully used to restore over 20 sites in Québec such as Joutel, Yvan Vézina and Louvicourt. It is a proven technique that has passed the test of actual implementation. The presentation will review the biological, production and economic aspects of the technique through the revitalisation of the Joutel site.

May 1, 2011

By Luis Castelli, Aldo Bonomelli, Giselle Schifferli, Claudio Zamora

"This paper introduces the operational concept and the description of a multi-site Remote Support Center for knowledge management and long-term process performance improvement.This centralized Support Center provides real-time monitoring of open-platform process automation systems, and on-line access to process data and control applications information for multiple sites.Considering that process automation is a key enabler to business performance improvement, sustaining effective performance benefits over time becomes essential. Unfortunately, changes in manufacturing process dynamics, technology obsolescence and in plant operational practices cause the control strategies to lose their effectiveness over time unless their performance is periodically evaluated, and if required, tuned to the new process conditions.A new concept in process automation is proposed through the addition of a new control loop based on performance analysis methodology which is intended to feedback process and automation operation information to system and process specialists, allowing for continuous manufacturing process improvement and sustainable production benefits through effectual control strategies.A remote support center can play a key role in the delivery of such services, by providing the base platform from which a comprehensive process overview and a centralized knowledge database can be executed and additionally, as an enabler for plant operational practices change.INTRODUCTIONA Benchmark on Automation Level in Copper Concentrators conducted by AMIRA in 2004, reported that the Codelco divisions scored below their peers in several categories.Codelco had thereafter been looking for a new automation concept, and had focused on process automation as a key enabler for process manufacturing and business performance improvement. The final decision was to create a strategic alliance with a world-class automation technology provider.The traditional approach based on isolated automation solutions/projects, showed that the control strategies benefits were decreasing progressively over time, because of the on-going need to adapt the control models to the ever-changing process conditions and different plant operational practices. Another consequence of this traditional approach was the wide variety of technologies and automation systems deployed in the different plant sites, with no common automation standards, and with low opportunities to transfer knowledge or practices."

Jan 1, 2010

By K. Lundholm, A. E. Mäkinen

"Ore grades are declining and getting more complex around the world which not only complicate the ore processing but also produce new type of requirements to manage the produce waste streams. One specifically problematic and increasingly identified element in waste streams produced in mining and metallurgy is arsenic.Arsenic is a compound that has no significant market value, but that needs to be removed from ores, concentrates and other process streams because of environmental or process technical reasons. One example of a removal process is partial roasting of high-As sulfide concentrates, originally developed by Outotec. In this process the arsenic is volatilized in the gas phase and thus separated from the solid material, i.e. the calcine. If the arsenic is recovered by wet methods the process gas is quenched and all arsenic needs to be stabilized in the effluent treatment plant.Outotec has developed ferric arsenate precipitation as a method to produce stabile arsenic residues from wet gas cleaning effluents. Iron based precipitates, when correctly produced, can meet typical landfill criteria measured with different types of leaching methods meant for characterizing the arsenic dissolution behavior from the precipitates.In this paper partial roasting of sulfide concentrates with arsenic volatilization in combination with ferric arsenate precipitation is discussed from the perspective of producing wastes that can meet the stability requirements set by common leaching tests methods, TCLP and CEN. These leaching test methods set the normative landfill requirements for most operations generating arsenic containing wastes. A typical flow sheet of Outotec® Ferric arsenate process is discussed with results showing the importance of correct process control and sequence on producing arsenic containing waste that can meet the landfill disposal requirements."

Jan 1, 2014

By D. J. McLaws

"Recent innovations in metal smelting technology utilize continuous oxygen-enriched smelting and converting processes which are capable of producing off-gases containing up to 60% SO2 or more. Other SO2 recovery processes, involving solvent absorption and steam or vacuum regeneration, can produce off-gases with SO2 concentrations nearing 100%.Processing of these high-concentration SO2 off-gases in conventional sulfuric acid plants can cause excessively high catalyst bed temperatures and poor SO2 conversion. In order to avoid these problems, a conventional acid plant design must dilute these high SO2 process gasses with dilution air in order to provide the required oxygen to effectively convert the SO2 and provide a heat sink (via the inert N2) such that the exothermic reaction, SO2 + ½ O2 ???SO3, does not exceed the temperature limit of the catalyst or the converter vessel.MECS, Inc. (MECS) has proven that a high SO2 feed gas design can be a viable option which can increase energy recovery, reduce energy consumption and potentially reduce capital costs."

Jan 1, 2014

By Kevin M. Ansdell, Irvine R. Annesley, Christine L. Mckechnie

The U-Th-REE mineralization at Fraser Lakes Zone B is hosted by granitic pegmatites and leucogranites, which lie along the deformed contact between Paleoproterozoic metasedimentary gneiss of the Wollaston Group and Archean orthogneiss, approximately 25 km from the southeastern edge of the Athabasca Basin. The pegmatites/leucogranites are subcordant to concordant with the regional foliation and are concentrated within a northeast-plunging antiformal fold nose, the study area, which lies west of Fraser Lakes. The mineralized pegmatites/leucogranites in the western part of the study area (Group A) are typically enriched in U (± Th) with Th/U ~1, and contain uraninite, thorite, zircon, and allanite. Those intruding the central part of the study area (Group B) are generally enriched in Th and LREE, with Th/U >2, and contain monazite, thorite (commonly U-enriched), and zircon. The pegmatites and leucogranites in Group A tend to be slightly enriched in SiO2 and depleted in TiO2 relative to those in Group B and are interpreted to represent more evolved crustal melts. Both groups are peraluminous and show varied chemistry. Partial melting (~850ºC and 9 kbar) of a metasedimentary rock-dominated source, entrainment of accessory minerals as xenocrysts, and assimilation-fractional crystallization processes combined to enrich the granitic pegmatites/leucogranites in U, Th, and REE elements. Transfer of melt from the source region to the crystallization sites was assisted by deformation within and along major structural zones, such as the folded Archean-Paleoproterozoic discontinuity. The character of mineralization and structural control in the study area is reminiscent of the alaskite-hosted deposits at Rössing, Namibia.

Jan 1, 2013

By Alan E. Cameron

WE assemble again today in this comfortable, hospitable Inn to begin this, the 58th, Meeting of our Society. It is just a year ago when last we met but that year was, probably, the most portentious year in the whole history of mankind. In that year, the German 'Atlantic Wall' was broached, the Rhine was crossed, and Germany, as a Nation, has ceased to be. The agony of Europe is over; convalescence may be, probably will be, slow. But blood no longer flows in Europe. Time will heal the sores, cover the scars, regenerate the industries, rebuild the cities, and re-establish the people. True, the war of all wars is not yet over. True, a bloody conflict remains . But, the power of the United Nations now converges on one target. The rain of blood will be heavy. We can hope the storm will be short. The sun is on the horizon. The light of peace 1s in the sky. What of that Peace? Are we ready for it? Have we a 'sure foundation ' for our future world? Are the footings under that foundation broad and substantial? Can we look forward with confidence to a lasting peace and a fruitful life? The United Nations, even as this is being written, are in conference in San Francisco, placing the footings, rearing the foundations for a world edifice. There are bickerings; there are jealousies. The world is tired, and a tired family always squabbles. We can, we must, believe that the decisions they make, the edifices they rear, will be better than anything we each could effect separately. It will be a compromise, probably; it will carry things that will hurt us, just as it will carry things that will hurt others. We can, we must, believe that the good of the whole is a greater good than the good of the part. Each Nation within the United Nations must sacrifice something, each part of each Nation must sacrifice something, each individual within each part of each nation must contribute something, if the whole is to be wholesome. Sacrifice and contribution must be the order of the day if the New World we are about to build is to be worth while. What of Nova Scotia? The world has travelled far in the last year; how far has Nova Scotia gone? Canada has preparations for the Peace under way; what has Nova Scotia done? Is Nova Scotia preparing counter measures for the sacrifices it must make? Is each of us ready to contribute his share?

Jan 1, 1945

By A. J. MacRae

Metallurgical furnaces are made up of complex multi-component systems that must function either together or in parallel for safe, and reliable operation. Thermal expansion of single material components experience induced stresses during heating and cooling, which can lead to cracking or failure. Multi component elements and systems can experience significant thermally induced stresses during both steady state and transient temperature conditions. Examples pertaining to temperature effects on refractory, copper cooling blocks, furnace shells, and complete systems will be discussed. The purpose of the paper is to highlight how stresses and strains are developed due to differential thermal expansion.

Jan 1, 2015

By K. V. Phani Prabhakar, G. Padmanabham1, L. Subashini

Laser-arc Hybrid Welding (LAHW) is a relatively recent concept which effectively combines the advantages of laser welding such as the high depth of penetration, low heat input, high welding speed and the positive aspects of arc welding such as better edge bridging and possibility to add filler. For example, steel sections upto 12 mm thickness have been successfully welded in a single pass at a welding speed of 1 m/minute using a 3.5 kW CO2 laser in combination with a MIG arc. Maraging steel of grade M250 is widely used in the aerospace industry in thicknesses upto 10 mm. Conventionally, it is possible to MIG weld such thicknesses in 3-5 passes employing V-Groove joint preparation. However, this multi-pass welding results in formation of reverted austenite in the weld zone after post weld aging; and the high heat input widens the reverted austenite containing heat affected zone which is popularly known as the dark zone/eyebrow zone. Both these zones are detrimental to strength of the welded joint, specifically the fracture toughness. The width of the dark band is an important factor because, thinner the band, it is supported more effectively by the surrounding material. Therefore, in order to avoid multi-pass welding and reduce the overall heat input, single-pass laser-MIG hybrid welding was attempted on 10 mm thick maraging steel M 250 plates using a hybrid laser arc welding system comprising a 3.5 kW CO2 slab laser and a MIG welding system. Simultaneously, multi-pass MIG welds also are produced. Both the laser-MIG hybrid and MIG welds are characterized microstructurally and subjected to mechanical tests such as tensile and fracture toughness in as-welded and post weld aged condition. The amount and distribution of reverted austenite in the fusion zone and width of the dark band was found to be different. Hybrid welds showed a narrow dark band zone and improved mechanical properties. Laser-hybrid and MIG welding investigations carried out on thick section maraging steel M 250 will be presented in detail, including microstructure, tensile properties and fracture toughness of the welds. To the best of the knowledge of the authors there are no reports on laser-MIG hybrid welding of maraging steels.

Jan 1, 2014

By A. Shaak

The town of Hedley is some 200 miles due east of Vancouver and lies in the bottom of the Similkameen River valley, at the junction of Twenty Mile creek, at about the 1,700-foot elevation above sea level. The Nickel Plate mine camp is on Nickel Plate mountain at an elevation of about 5,600 feet, four miles slightly east of north from Hedley, to which it is connected by 9 miles of road, and by 10,000 feet of tramway and electric railway. The latter is used both to transport the ore to the 275-ton mill at Hedley and to furnish the mine with supplies. History The Nickel Plate claim was staked in 1898 to cover the sole outcrop of the Nickel Plate system of orebodies. Soon afterwards it was optioned by the Marcus Daly interests of Butte and underground exploration commenced. Early exploration was successful, and a power plant, tramway, and mill were constructed. The mill began operations in 1904. Production under Daly control ensued from June, 1904, to August, 1909, and amounted to 167,000 tons. The Hedley Gold Mining Company was organized and commenced operations in 1909. The capacity of the mill was increased by stages to 200 tons and a steady production, except for short periods in winter, was maintained until 1930. By 1930, gold to the value of nearly $10,000,000 had been produced since the discovery in 1898. The South American Development Company optioned the property in 1932. Active exploration was conducted during 1933 and 1934 by the Kelowna Exploration Company, a subsidiary of the South American Development Company. This work was sufficiently successful that, coupled with the increase in the price of gold from $20.67 to $35.00 per ounce, production re-commenced in December, 1934, and continued uninterrupted until July, i946, when, along with all B.C. gold mines, a strike closed operations. Under the present ownership, the mill capacity was increased to 275 tons.

Jan 1, 1946

By D. B. Dreisinger, M. Rasouli

"Developing technology to address the environmental hazards associated with selenium in mine-impacted waters has been a serious challenge. Ion exchange (IX) has been identified as a potential treatment technology. This paper begins with a review on selenium adsorption with commercially-available basic anionic exchangers (BAS). It then looks at the use of resins for selenium removal via modification with the addition of -O, -N, or -S-containing chelating ligands and chelating polymeric ion exchangers pre-loaded with immobilized metal cations. The synthesis of chelating exchangers requires a final product with a highly stable metal in the ligand-metal complex. The nature, oxidation state, size, and affinity of the metal for the target oxyanions and the size, degree of protonation and space configuration of the oxyanion are among critical factors affecting the oxyanion uptake. There is a limited number of studies on the critical parameters affecting the selenium affinity for chelating exchangers. Such a study could fill in the gaps of our understanding of selenium-metal-chelating ligand interactions and assist in developing a new ion exchanger. In addition to commercial IX resins, layered double hydroxide materials (LDH) have received attention for oxyanion removal from waste water. The adsorption capacity of the LDHs are affected by the crystallinity of LDH, the nature of metal components, the ratio of metals, charge and type of anion, and the space between the layers. In particular, the Friedel phase (FP), a member of the LDH family, showed high adsorption capacity for selenate removal from synthetic solution. A study is currently underway at the University of British Columbia to investigate the effect of different synthesis methods and aging on the suitability of FP for selenium removal from mine waste water."

Jan 1, 2017

By Michael Cooper, Eric Konigsmann, A. Moerman

"A paste backfill plant and underground piping distribution system was commissioned at the Brunswick Mine in June, 1998. Concentrator tailings, composed mainly of pyrite and lesser amounts of silicate minerals with a P80 of 37um (45 YO-20 pm), are pumped to the backfill plant. The backfill plant uses conventional thickening and disc filtering to dewater the solids, which are then mixed with binder in twin screw mixers. The paste is discharged through a gob hopper and one of three boreholes by gravity. Approximately 65% of the concentrator tailings will be placed underground at full production. The remaining thickened tailings will be pumped to an existing impoundment area. Application of paste technology will completely replace the use of cemented rock fill in the mine by the end of 1998.The design capacity of the paste backfill plant is a total of 360 dmtph of cemented paste through two parallel production lines. The plant is highly instrumented and controlled via a hybrid Programmable Logic Controller (PLC-5) and Fisher ProVox Distributed Control System that is in communication with the property information highway. Video and audio signals from the underground system are carried to the surface plant via a leaky feeder communications/fiber optic system.The underground distribution system consists of a network of 200mm diameter boreholes and piping. There are approximately 3.5km of boreholes and 5.5km of piping in the system. To minimize pressures, the greatest piping length from any borehole is approximately 400m with all piping being open-ended. There are no valves in the entire paste distribution system.Construction of the plant, including installation of piping to and from the plant and preparation of the underground distribution system, was completed in less than one year from the time of management approval for the $M 22.3 project."

Jan 1, 1999

By K. Swedburg, M. Samuels

"The New Afton concentrator was commissioned in June 2012, reaching the design milling rate in September 2012. By late 2013, through a campaign of optimization and de-bottlenecking, it was recognized that the installed plant was capable of greatly exceeding the design throughput of 11,700 tpd. Because the value of the metal contained (by increasing the plant feed rate) exceeded the offsetting losses of copper and gold recovery (as the operation moved to a coarser grind), the concentrator feed rate was strategically increased with support of New Gold, while the operations team was given a mandate to evaluate, and then implement, flow sheet options that could re-establish the original design criterion grind target and achieve the corresponding improved recovery. Broadly, the two options implemented were the addition of a tertiary grinding stage consisting of Metso Vertimill® prior to rougher flotation (in order to address the grinding required at increasing throughput by increasing the power), and the addition of three Woodgrove Staged Flotation Reactors (SFR) added to the cleaner circuit after regrind of the rougher concentrate (to address the increased mineral loading to the cleaner circuit). Through test work, it was anticipated that the SFRs would be capable of achieving final concentrate grade in a single pass without the integration of recirculating loads, a strategy sometimes referred to pre-cleaning. This paper describes the expectations generated for the Woodgrove SFR unit operation through pilot plant testing on site, and compares those results with the performance of the expanded circuit that exceeded the original design criterion of P80 160 µm, which was commissioned in the second quarter of 2015.INTRODUCTIONThe New Afton concentrator, located near Kamloops, BC Canada, commenced operation in June 2012. The mill achieved the design throughput of 11,000 tonnes per day average during the month of September 2012 and, following various operational optimization efforts (O’Hara et al, 2015), achieved the design p80 grind size of 160 µm at the design milling rate in July 2013.During August 2013, trials were carried out to determine the throughput rate limits of the mill circuits and to evaluate mill metallurgical performance at higher rates. Milling rates up to 15,500 dmt per 24 hours were achieved during this trial, demonstrating potential capability for sustained milling rates exceeding the nominal design capacity. As was expected, the higher milling rates resulted in a coarsening of the grinding circuit product size, and resulted in marginally lower recoveries in the rougher flotation circuit. Despite the lower recoveries, the higher milling rates resulted in higher metal production and the financial analysis favored running at rates of at least 13,000 tonnes per operating day, with the higher cash flow in the near term offsetting the value of metal production loss at the end of the mine life (due to the short term increase in the rate of reserve depletion). Milling rates were sustained above 13,000 tonnes per day through the second half of 2013, and increased above 14,000 tonnes per day by mid-2014 (Figure 1)."

Jan 1, 2016

By Sergio Cattalanl, Francis Chartrand

"The geology and origins of volcanogenic massive sulfide (VMS) deposits in the Abitibi belt of northwestern Quebec have been the subject of discussion since the discovery of the Horne orebodies in Noranda in 1923.The present Noranda version of the VMS model characterizes the ideal deposit as a stratabound, base-metal accumulation that is in close spatial relationship with hydrothermal alteration and stockwork zones, felsic lava domes, coarse phreatic-pyroclastic breccias, and subvolcanic intrusions that characterize vent- and proximal{acies submarine volcanic environments. Deposits tend to occur in a favorable stratigraphic interval within a mining camp, and this is well-documented in the Rouyn-Noranda and Matagami camps.However, in recent years many VMS deposits have been shown to deviate from the ideal Noranda-type. For example, the Ansi/ deposit is characterized by sulphide-bearing alteration zones that extend far above the massive sulfide lenses, and by abundant magnetite immediately underlying massive sulfide. The Horne deposit appears to lack the typical chloritic alteration pipe underlying the massive sulfide lenses, as well as laterally-equivalent exhalite horizons. The Horne and Quemont deposits, besides being the two giants of the camp, are particularly rich in gold, whereas others, such as WaiteAmulet and Millenbach, have low gold values. Finally, some deposits in the Noranda camp, such as the Ansil, Corbet and Mobrun mines, are outside the favorable stratigraphic interval. Therefore, it would appear that part of the key to renewing base metal reserves in northwestern Quebec is the use of evolving descriptive-genetic models that incorporate geological variations like those cited above."

Jan 1, 1990

Leadership "Organizing a group of people to achieve a common goal" Paradigms ? Rush to produce or cut costs. ? The most important thing after safety is production. ? We?ll take care of ??this?? once in production. ? I know what to do, 30 years of experience in mining. ? I want a 100% reliable operation.

Aug 1, 2013

By Norman Marr

Introduction In Canada, the mining industry and water-power development are intimately associated in that mining, which ranks second among the country's primary industries, depends principally upon hydro-electric energy for its large power requirements. On the whole, the Dominion has been very favourably endowed with water-power resources; generally speaking it is a well-watered country with numerous rivers and lakes located in are as where the topography favours water-power development. Precipitation, the raw material of water power, varies from an annual fall of more than l00 inches on the Pacific coast to about 12 inches in sections of the Prairies and the Northwest Territories; in Ontario and Quebec the annual average is 24 to 40 inches and in Nova Scotia about 45 inches. In its descent to the sea, the resulting run-off, much of it from considerable altitudes, creates sources of potential energy at every rapid and fall along the country's many streams and rivers. Many of the innumerable lakes in the Dominion provide storage basins for the regulation of stream flow, thus enhancing the potential power of available sites. While water-power resources are fairly well distributed across the Dominion, as is shown on the accompanying map of Canada showing power sites (Figure 1), it is particularly fortunate that those areas which are lacking in indigenous fuels have been compensated in large degree for this scarcity by being favoured with a high proportion of the total potential water power. This has an important bearing on the mining industry in that extensive mining operations can be economically carried out in the great Canadian Shield, which is lacking in commercial coal deposits but is rich in water-power resources. This Precambrian formation, which forms a wide belt around Hudson bay and in which many metalliferous ores are found, was 'subject to severe glaciation in a recent geological period, so that its river systems are comparatively young and are characterized by numerous lakes joined by short reaches of fast water, rapids, and falls which offer frequent opportunities for power development. The western Cordilleran region, which also is important in mining, has abundant water power. The accompanying geological map (Figure 2), prepared by the Geological Survey of Canada, shows the great extent of the Precambrian and Cordilleran regions and may be compared with the map of water-power sites to show the high incidence of water-power resources in these potential mining areas in which important mineral discoveries have already been made.

Jan 1, 1949

By G. B. Langford

UOCK bursts are a phenomenon about which insufficient is known. This l.~ statement has a twofold meaning. In the first place, far too many people, both inside and outside of the mining industry, are woefully ignorant of the whole subject, and secondly, as those who are face to face with the problem in the mines realize, our knowledge of rock bursts is inadequate. The first group embraces the general public, who have never been enlightened on the subject, and a great many geologists and engineers who have never shown more than a curiosity about it. Such technical men do not realize what a vital problem it is to our mining industries. They are usually thankful that bursting ground is not their problem, and leave it to those unfortunate enough to run into it. From such men one often hears the pious opinion that if proper mining methods were used there would be no problem. It is hoped that this paper will give these people a different viewpoint. Those in the second group deserve much credit for what they have done and are doing. They are fighting a large and difficult problem. In the pages that follow, I have tried to give a bird's-eye view of that problem, and suggest new ways in which it may be attacked.

Jan 1, 1941

By Eric Low

Raising capital by issuing debt or equity is necessary in almost every corporation. In the field of corporate finance, the raising of capital is a heavily-studied topic. However, some of what is studied on this topic in corporate finance is not applicable in the mining industry. There are also many financing options that were created for the mining industry such as flow-through shares, prepaid forwards, and royalty sales. The cyclical nature of the industry makes the risk-return profile of financings more difficult to estimate than in other industries. Additionally, the methods used to assess firm value are different than other industries, as the values of orebodies are not included on balance sheets. For precious metals companies, which are a hedge against most other securities, there are additional complications with determining investor expectations and cost of equity. This thesis puts forth a decision-making framework to explain mine financing choices from the perspective of mining companies. The approach is threefold. First, all of the major equity and debt financing instruments available to mining companies are presented and analyzed. Each financing method is assessed on a wide range of criteria. Next, these concepts are applied in case studies of four companies: BHP Billiton, Barrick Gold, Teck Resources, and Noront Resources. For each company, the overall choice of financing methods is shown and analyzed. The effect of financing choices on the weighted average cost of capital (WACC) is calculated. The final section deals with case studies of individual mine finance decisions during the past two years.

May 1, 2011