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By M. L. Goble

"Inco Metals Ltd. (Manitoba Division) operates a mining, milling, smelting and refining complex, 500 miles north of Winnipeg in central Manitoba. The Thompson Mill is presently operating at 12,000 S.T.P.D. on ore from both underground and open pit mines. The ore is treated in two separate milling and flotation circuits utilizing a common crushing system which is located inside the main mill building. The milling facility employs approximately 43 operating employees, 30 maintenance employees and 20 staff in supervisory or process development roles.In recent years an increasing awareness of the potential hazards of contaminants in the work place has made it mandatory that all employers maintain careful and accurate records of the work environment to which each employee has been exposed during his working career.The importance of this record keeping and general observation of the work place cannot be over emphasized. Proper monitoring of the work place provides an accurate and complete record of the contaminants and physical agents to which an employee is exposed during his work career. This can aid in studies which might be conducted in the future and can also be used as a basis for instituting improvements to the workplace."

Jan 1, 1980

By Peter Hayes, Evgueni Jak, Taufiq Hidayat, David Grimsey, Denis Shishin

"An integrated nickel flash smelter is operated with Peirce-Smith converters at the Kalgoorlie Nickel Smelter. To improve the partitioning of arsenic between slag waste and matte product, an option to modify the slag–matte chemistry by addition of CaO was analysed. A combination of plant sample analysis, high-temperature laboratory experiments and thermodynamic modeling was carried out to evaluate the process options. The high-temperature experiments involved the re-equilibration of industrial matte-slag samples at 1225 °C and P(SO2) = 0.12 atm, rapid quenching in water, and direct measurement of phase compositions using electron probe X-ray microanalysis (EPMA) and Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LAICPMS). A private thermodynamic database for nickel sulfide smelting and converting was used together with the FactSage thermochemical software package to assist in the analysis of the distribution of elements between slag and matte as a function of CaO addition. The thermodynamic predictions combined with experimental data obtained in this study can be used to characterise the effect of CaO fluxing on the slag–matte thermochemistry during the nickel sulfide converting.INTRODUCTION At the Kalgoorlie Nickel Smelter (KNS), nickel sulfide concentrate is processed in an Outotec-type flash furnace to produce nickel matte containing +47 wt% Ni. Separation of nickel matte and waste slag from the flash smelting is enhanced through settling in the electric arc -heated zone attached to the flash furnace. The flash furnace matte is further processed in a Peirce-Smith converter to produce Ni-rich matte containing +66 wt% Ni (Crundwell, Moats, Ramachandran, Robinson, & Davenport, 2011). Iron silicate-based slag is used in the converting process at KNS. Most of the arsenic is contained in the final matte and very little of the arsenic partitions into the slag. Previous work by Font et al (Font, Hino, & Itagaki, 2003) shows that the distribution ratio of arsenic between calcium ferrite slag and nickel-matte (LAsslag/matte) is significantly higher than that between iron silicate slag and nickel-matte, where LAsslag/matte = (wt pct As in slag)/{wt pct As in matte} (1)"

Jan 1, 2017

By Tom C. Palangio

The mining industry has come to rely on imaging devices to monitor and record all kinds of activities. We use them to measure, improve the process, ensure security, increase production and automate machinery. Cameras can be installed in locations most people wouldn?t want to live and be our ?eyes? to record the events at that location. This paper discusses digital imaging, the equipment, methods, techniques and information that can be learned from digital devices used in mining operations. The guy who said ?a picture is worth a thousand words? probably understated it. Images are the perfect way to document conditions before, after and even during mining activities. Today?s wide choice of cameras, camcorders and other digital devices allow us to record most activities and events. The technology is advancing at a high rate. Digital cameras and camcorders are marvels of technology with high resolution optics, compact size, automatic time and date stamp, great battery life, shutters to freeze motion and computers to auto focus and eliminate jitter (image stabilization). Add to this the economical price and ease of use and everyone in this industry should be aware of the possibilities.

Oct 1, 2010

By Richard Burt

"In seeking to supply the ever increasing needs for raw materials, the mining industry has been required to develop lower grade resources in increasingly remote regions of the world. This has resulted in the extension of many frontiers, both technologically and geographically.The accent of mineral processing research over the last few decades has been to “do existing things better”. There have been many breakthroughs in equipment and processes; however in general the accent has been to increase capacity of existing unit processes, often by orders of magnitude, or to refine the process itself by basic research and development. This has lead to added sophistication, enabling the process engineer to maintain optimum performance of his equipment while reducing the cost, and the amount of labour needed to operate the plant.While much of the increased requirement for resources is handled by the development of ever larger, lower grade orebodies, a significant portion still comes from the small miner - even the artisanal miner - operating in remote and often politically sensitive parts of the world. For them, innovation and simplicity are the keys, not sophistication.The tension between sophistication and simplicity - or research and reality - is specially evident in the area of gravity concentration of rare metals, such as tin and tantalum. This paper looks at this tension, primarily from the eyes of an operator and seeks to put into perspective the two paradigms."

Jan 1, 1999

By Sam Palombo, James José Varela

"Washing can be defined as the process used to eliminate or reduce the dirt (presence of fines or slimes) of one material. It is also the basic and oldest process applied to ore preparation for further concentration. This process, in combination with commnution and screening, form the so called washing plant and in many cases produce end products. This work describes the factors that influence the performance of the washing process and main washing technologies used in the mineral processing industry.The Hydro-Clean represents, since 1998, a state of the art technology in this area and is comprised of one of the most innovative solutions developed at HAVER & BOECKER. HAVER & BOECKER design and manufacture technology for mining and related industries. Today the Hydro-Clean is manufactured and sold throughout the Haver Screening Group (HSG) which is comprised of HAVER & BOECKER Maschinenfabrik Münster, HAVER & BOECKER Latinoamericana – Brazil and W.S. Tyler Canada.The Hydro-Clean is a washing technology based on utilization of high pressure water jets. To follow we will discuss how the Hydro-Clean’s different modes of operation result in several advantages related with mine waste reduction, recovery of saleable product, lower capital costs, superior washing results, less stress for the material, a wider range of application and less maintenance cost. Aside from these positive factors, its lower operation costs related to the consumption of energy and water are presented. It is important to note that the quantities, tonnages, data and management concepts presented in the paper are accurate for the time of writing and are subject to change and modification as operations progress."

Jan 1, 2009

By Barnard Foo

Topics of Discussion ?Location ?Production & Mining Operation ?Mineralization ?Mining Method ?Rock Mechanics Issues ?Ground Control Problems ?Numerical Analysis ?RockmassBehaviour ?Conclusions & Recommendations ?Discussion

Feb 1, 2008

By James F. Archibald

Research has been conducted for the Workplace Safety and Insurance Board of Ontario (WSIB) to characterize thin, spray-on lining materials (TSLs), as well as combinations of TSLs and conventional spray supports, and to assess their capacity for inhibiting damage created by mining-induced rockbursts. This study has been performed to assess the capabilities of such support systems for preventing rock and support material damage that often results due to rockbursting. A variety of TSLs and other spray support media were subjected to the effects of simulated rockbursting, through use of explosive detonation trials, to evaluate their damage mitigation capacity. Results have validated that TSLs and variant layer combinations may be as effective as or better than conventional support materials for mitigating rockburst or like damage in highly stressed mine environments. In civil engineering construction, and typically in underground tunneling operations where concrete linings are applied, liner deterioration is a continuing and pervasive problem that often requires expensive and time-consuming rehabilitation effort. The ability of TSLs to provide effective concrete structural reinforcement while providing sustainable resistance against underground or restricted environmental hazards, as with fires or dynamic failure events, may permit wider use of TSLs than is currently foreseen by the mining industry. Significant benefits for use of TSL materials in concrete liner rehabilitation and for concrete material protection have been assessed.

May 1, 2006

By T. Yeomans

NVI Mining’s Myra Falls operation is a forty-year-old underground mining operation feeding a 4,000 metric tonnes per day concentrator. The current mill, built in 1985, was designed to process a massive sulphide ore-body. This orebody, known as the HW, contains about 50% pyrite. Minerals of value are chalcopyrite and sphalerite, with precious metals occurring in all mineral types. By 1997, mining of a new ore-body, known as Battle-Gap, commenced. Mineralogically complex, the new orebody contains about 15% pyrite copper minerals, including primary chalcopyrite and secondary bornite, chalcocite and tennantite, combined with increased galena and sphalerite. Flotation performance generally decreased with increasing amounts of Battle-Gap ore types, with both copper concentrate quality (increased lead and zinc content) and copper recoveries being affected. Following significant metallurgical test-work, a new, fully sequential copper-lead-zinc flotation flow sheet and reagent scheme was developed. This sequential flow sheet was progressively installed and commissioned during 2006. Copper concentrate lead and zinc smelter penalty contents have been reduced by some 40%, while increasing copper recovery by 10%.

Jan 1, 2009

By Neri Roux, Chris Budgell, Allan Cramm, Leo Cheung

"Anaconda Mining Inc. is investigating potential improvements and expansions to their operating plant located on the Baie Verte Peninsula in Newfoundland. An extensive batch and continuous bench scale testing program was launched to investigate the efficiency of cyanide destruction under different conditions in order to improve tailings handling. The primary objective of the cyanide destruction study was to apply new technologies to develop a novel cyanide destruction system.Effluent and slurry from Anaconda Mining Inc.’s Point Rousse Project was received at RPC where test work was conducted. Various sodium metabisulfite (MBS) dosages were evaluated and the use of utilizing ozone and ultra violet (UV) light to oxidize cyanide was investigated. All the data was evaluated and mass balances were compiled to develop several flowsheets. Overall encouraging results were found using a combination of ozone and MBS.IntroductionAnaconda Mining Inc.’s Point Rousse project includes an operating gold processing plant located on the Baie Verte Peninsula in Newfoundland which is in the process of improving and expanding. This plant comprises of milling and flotation followed by cyanide leaching in order to extract the gold. The residue from cyanide leaching is filtered by drum filters prior to being clarified for the Merrill-Crowe process. Once the gold has been recovered by the Merrill-Crowe process the effluent is filtered by filter presses and the resulting filtrate as well as the solids from the drum filters are detoxified prior to being pumped to the tailings pond along with the flotation tailings.The entire process is very dependent upon the efficient destruction of cyanide in the effluents and successful tailings handling. Substantial amounts of effluent are delivered to tailings ponds after gold extraction which could create environmental problems if the regulations are not met. Environmental regulations stipulate that final effluents contain no more than 1 mg/L Total CN.The detoxified tailings of the Point Rousse project are produced by the INCO SO2-Air circuit depicted in Figure 1. These detox tailings contain 10 mg/L Total CN at that point of the circuit and this was selected as the target to be matched while reducing overall MBS consumption rates from 3.2 g/L per minute. Prior to detoxification, the filter press tailings contain 520 mg/L Total CN while the drum tailings contain 29 mg/L Total CN."

Jan 1, 2017

By W. Bullen

A hypothetical economic model has been developed for diamond projects in the Canadian Arctic using data from recent exploration and mining projects. The model reflects economic conditions applicable to the diamond mining industry in the Canadian Arctic at the present time. The economic model captures pre-production expenditures, production data, and post-production costs. Before- and after-tax cash flows are derived from the data along with the relevant economic criteria. From the corporate perspective, the model provides guidance concerning the minimum size and/or in situ value per tonne requirements of targets being sought in order to ensure economic success and predict exploration and development expenditures. From the government perspective, the model provides an indication of income and mining tax revenues that can be expected from a particular diamond project. The model shows, on average, diamond projects in the Canadian Arctic are expensive to explore for and develop, but are economically robust under the present conditions. They generate great economic return for mining companies and significant amounts of tax revenue for governments. The fact that diamonds can be transported directly from the minesite by air makes them particularly attractive targets for mining companies that operate in the Canadian Arctic.

Jan 1, 2006

By Norman O. Lotter, Lori Kormos, Greg J. Wilkie, Peter J. Whittaker, Johannes S. Stickling

"Assessment of opportunities to improve mineral processing performance in existing concentrators and in describing undeveloped orebodies is key to improving the business case of a mining company. This assessment has traditionally been performed using the distinct and separate inputs from Mineral Processing and Mineral Science.More recently, Process Mineralogy has been used to integrate these two disciplines. This trend has been driven by the need to develop and process more challenging ore deposits, and has been assisted by the availability of modern automated instruments. Together with the acquisition of a QemSCAN (Quantitative Evaluation of Materials by Scanning Electron Microscope) from CSIRO in Australia, and with the use of a supporting SEM with EDX / WDX capabilities and an XRD, the development of Process Mineralogy at Falconbridge commenced in 1997.The sampling challenges in presenting a QemSCAN with representative sample material at the polished section level are significant, but have been effectively addressed. The full description of this aspect is beyond the scope of this paper.It is shown that, by use of this approach, the set nature of an orebody can be best exploited with selected flowsheet changes in a concentrator which address the generic characteristics of the orebody. In this way, the flowsheet provides a process that more effectively fits the mineral processing requirements of the ore. This leads to clear and tangible improvements in grade and recovery."

Jan 1, 2002

By Chris Larsen, Carole Fortin, Dave Scott, Curtis Deredin, Ian Orford, Jean Guy Gauthier, Andy Trusiak, Lyne Côté, Mike Cooper

"Upon successful commissioning of the Stage Grinding Project (Cormier et. al., 2002), process improvements predicted through pilot plant testing were obtained in several flotation circuits, resulting in higher grades and recoveries for zinc and lead concentrates. Subsequent to establishing new baseline operating conditions from the Stage Grind Project implementation, additional opportunities were identified, and through the application of Six Sigma methodologies further gains were made. Six Sigma improvement projects were carried out in the copper-lead, zinc, lead upgrading and bulk flotation circuits. The overall performance increase resulting from incremental improvement projects has been substantial.Most remarkably, given the operational maturity up to the late 1980’s, the Brunswick concentrator team has continued to deliver a steady stream of major improvements over the past fifteen years. While senior managers and their programs have changed several times, there have been some critical constants over the long run. Common elements have been a commitment to team work, a commitment to recruit and maintain technical personnel, a structured business improvement framework supported organizationally by senior management, and focus on a few priority initiatives rather than trying to fix everything at once.The paper briefly discusses the longer term setting and then endeavors to illustrate, with examples, how improvements are presently achieved by applying the Six Sigma quality program.INTRODUCTIONThe Noranda Inc. Brunswick Mine, located near Bathurst, New Brunswick, is one of the world’s larger lead/zinc mines. Milling of ore began in 1964 from the No. 12 orebody, with an expansion in 1966 to accommodate ore from the No. 6 mine. In excess of 100 million tonnes have been milled to date. The concentrator employs differential flotation to produce lead, zinc, copper, and lead/zinc bulk concentrates. The ore is massive sulphide, with approximately 20% valuable minerals, 60% pyrite and 20% silicates."

Jan 1, 2005

By J. R. Kadambi, E. Kucukal, J. Furlan

"Hydrocyclone separators are used in various industrial applications, including mining milling and tailings systems, in order to separate or classify solid particles and liquid droplets from multiphase systems. The flow within a hydrocyclone commonly used in the mineral processing industry was investigated numerically and experimentally using Particle Image Velocimetry (PIV) and refractive index matching techniques. The computational simulations were performed using a commercially available CFD package, STAR CCM+. Two turbulence models were used in the numerical calculations: the k-? model and the Reynolds Stress Model (RSM). In both cases, the first order discretization scheme was unable to resolve the flow characteristics accurately due to the high levels of numerical dissipation. PIV measurements were taken at various spatial locations along the cyclone. Both the numerical simulations and PIV data demonstrate that tangential velocities tend to increase when going radially inward from the cyclone wall towards the vortex finder, and reach a maximum value before they begin to decline rapidly and eventually become zero at the wall. The results also demonstrate the utility of non-axisymmetric approaches in cyclone flow simulations for a greater understanding of the fluid mechanics. The computational results were validated globally using pressure and flow rate readings at the boundaries and locally by comparison to the PIV velocity vector maps and profiles. The comparisons demonstrated good agreement between the two models.IntroductionHydrocyclones are devices used to separate and classify solid particles or liquid droplets from liquid-solid or liquid-liquid systems. Versatile in application, they have been widely used in many industrial applications including the food, oil, power generation, chemical and mineral processing industries since 1891, when the first hydrocyclone was introduced by Bretney (Park, 2003). Hydrocyclones have a relatively simple design with no moving parts, which leads to an efficient separation process."

Jan 1, 2016

By Joseph Poplawski, Christian O’Keefe, Robert Maron

"Unique and difficult minerals processing measurement situations will be described and the application of passive array-based technology for performing these measurements will be illustrated. Examples of these situations include volume flow measurements in froth lines and flotation feed lines with entrained air, slurry lines with magnetite and other magnetic ore, slurry lines with abrasive or corrosive materials, high pressure lines, and slurry and non-slurry lines exhibiting scale buildup. Other situations include measurement of entrained air levels in pipes and in flotation columns. These measurements are achieved through CiDRA’s patented passive sonar array-based technology. This technology performs two independent measurements – flow rate and entrained air amounts. Two hardware implementations of this technology have resulted in a non-intrusive flow and entrained air meter which easily is installed on the outside of the pipe, and a submersible version for entrained air or gas holdup measurements which is used in flotation processes. Recent developments in extending this technology to solve other unique measurement problems such as valve movement confirmation will be covered.INTRODUCTIONThe minerals processing industry faces many unique and challenging process control conditions and environments. In terms of flow measurements, many of these situations are not being properly served by traditional flowmeters such as ultrasonic meters, magmeters, turbine meters, orifice plate meters, vortex flow meters, Coriolis flow meters, and venturi meters. A new class of flowmeters has been developed that solves these unique situations and flow measurement problems. This new class of flowmeter technology utilizes sonar-based processing algorithms and an array of passive sensors to measure not only flow, but also fluid composition. It does so accurately, reliably and without making contact with the fluid. These measurements are performed on practically any type of fluid within virtually any type of pipe.PRINCIPLE OF OPERATIONSonar array-based flowmeters are ideal for tracking and measuring the mean velocities of disturbances traveling in the axial direction of a pipe. These disturbances generally will convect with the flow, propagate in the pipe walls, or propagate in the fluid or slurry. First let us focus on the disturbances that convect with the flow. The disturbances that convect with the flow can be density variations, temperature variations or turbulent eddies. The overwhelming majority of industrial flows will have turbulent eddies convecting with the flow, thus providing an excellent means of measuring the flow rate as described below."

Jan 1, 2008

By Jason J. Crowder

Presentation Outline ? Introduction ? Costs of ground support and rehabilitation ? Why post-failure rock mass properties are necessary ? The Rock Mechanics Problem ? Present State of Modelling and Instrumentation in Mining ? Case Study Background ??Williams Mine ? Deriving Parameters for Modelling from Instrumentation ? Results from Case Study ??Back Analyses ? Discussion of Research Impact t Summary

May 1, 2006

By Tapio Leskinen

"l. IntroductionA reliable sampling system is the basis for an on-stream analyzer. This was realized in Outokumpu company when the development work of the Courier 300 On-Stream X-ray analysis system was started. Because Outokumpu Oy is a mining and mineral processing company, its engineers have been able to thoroughly test sampler prototypes in actual operating situations. The sampler development has been going for several years in close co-operation between company's concentrators, the Institute of Physics and the Instrument Division of Outokumpu Oy. The most active part of the work was done between 1969- 1972. Besides the reliable operation of a sampler special attention was paid to the representatively of the samples taken by the samplers. 2. The Courier 300 Sampling SystemThe sampling system comprises up to fourteen sampling circuits in one Courier analysis system. Each circuit consists of the following components:1. Primary sampler 2. Secondary sampler 3. Cleaner screen 4. Feeding tank5. Sample cell6. Timer-controlled sampler7. Pumps, sumps and pipesSecondary samplers, cleaner screen and feeding tanks are included in the secondary sct1npling system. The sample cells are located in the spectrometer cabinet of the analyzer."

Jan 1, 1976

By Masayuki Ishikawa

In a radio frequency and optoelectoronic device packaging, Gold-Tin (Au-20 wt% Sn eutectic) solder is used widely due to the excellent electrical and thermal conductivity, high strength, and negligible creep characteristic under repetitive thermal cycling. With the recent lead-free movement, Gold-Tin solder is recognized as an alternative material for high temperature Lead-Tin solder. Generally, Gold-Tin solder is supplied in the forms such as ribbons, pellets, and ring frames. However, these forms must be set-up accurately on the joint area to press chips in bonding, therefore, it is difficult for these forms to satisfy the recent requirements for the down sizing in the connection areas. On the other hand, Au-20 wt% Sn solder paste can be applied flexibly to various supplying methods, such as printing, dispensing system and pin transcript. These methods also make it possible to reduce the production cost. However, in the case of using the solder paste, the void issue is one of the most undesirable problems. The void causes the degradation of the characteristics such as the bond strength, electrical characteristic and thermal conductivity. We have been intensifying the development of the void free paste, and have achieved void reduction by optimizing the powder size, the flux composition and the reflow condition.

Oct 1, 2003

By F. Stober, D. Wanblad, J. Ndlovu, L. R. Nelson, L. P. S. de Villiers

The single six-in-line furnace of the Polokwane Smelter is the largest installed high-intensity furnace for platinum group metals (PGM) base metals sulphide smelting in the world. The furnace employs state-of-the art technology to deliver a planned throughput of 650 000 t/a dry concentrate at a design 68 MW power input. This furnace, at double the capacity of previously existing PGM furnaces, offers low unit operating and capital cost through the resulting economies of scale. Key features of the design include:

Jan 1, 2005

By Jack Zhang, Yunguo Tang, Baodong Zhao

"Rare earth elements (REEs) have numerous key applications in both traditional and advanced technologies. A shortage of some critical REEs is expected due to the discrepancy between the REE abundance in REE deposits and the REE demand from the market. For example, Neodymium, Europium, Terbium, Dysprosium, Erbium and Yttrium are expected to be in short supply. REE recovery and separation from secondary resources such as uranium wastes, heavy mineral sands, and recycled materials can balance the shortfall in a cost effective way.The Saskatchewan Research Council (SRC) is engaged in the development and commercialization of complete REE recovery and separation technologies in Canada. One of SRC’s newest developments is the design and commissioning of a heavy rare earth (HREE) separation pilot plant. The pilot plant uses hundreds of stages of solvent extraction (SX) to produce high purity individual HREEs from both primary and secondary resources.This paper presents the design of an HREE recovery process for the particular case of uranium processing wastes. The separation results of a group separation are reported and discussed, as well as the issues and the challenges of the development, commissioning and operation of the continuous SX pilot plant.IntroductionSignificant amounts of strategic specialty heavy rare earth elements (HREEs) are found in uranium wastes in Saskatchewan. It estimated that about 47 tonne/a of heavy rare earth element oxides (HREO) including 27 tonne/a of Y2O3, plus 6 tonne/a of Sc2O3 are in the raffinate of every uranium mill for potential recovery. Since the HREEs are already in the raffinate, cost effective HREE production is promising in Saskatchewan.Selective precipitation including nutraulization, oxalate and double-salts precipitation, as well as sulfide precipitation, ion exchange (IX) and SX are commonly used technologies for the recovery and purification of REE solution. REE oxalate precipitation is an effective technology to remove Fe, Al, Ca, Si and other impurities by taking the advantages of the solubility difference between oxalates of REEs and impurities in acidic solution (Xu, 2005)."

Jan 1, 2017

By Andrew Bamber

Between the early 20th Century and the present, the production of mined copper ore has increased from tens of millions of tonnes per annum to several billion tonnes per annum, an unprecedented increase. Contemporaneously, the average grade of mined copper ore has declined from over 2% to approximately 0.5%. Again, in parallel, the price of copper has increased dramatically to reflect the increasing cost of extracting and beneficiating such large amounts of low-grade ore. Within the period the copper price however exhibited several periods of intense volatility, driven by interrelationships between demand and supply, themselves strongly driven by periodic industry developments in the fields of exploration, ore extraction, mineral processing and extractive metallurgy. It is notable that these periods of intense innovation exhibit a strong correlation to preceding periods of price, demand or production volatility. This paper examines key trends in each theme between 1900 and 2018 and draws strong conclusions as to the interrelationship between them. INTRODUCTION The production of copper metal has increased from around half a million tonnes per annum to over fifteen million tonnes per annum over the course of the 20th Century. Contemporaneously, the average grade of copper ore mined has declined from over 2% to approximately 0.5% copper by weight. As a result, the volume of Run-of-Mine (ROM) copper ore required has increased from around ten million tonnes per annum to over a five billion tonnes per annum over the period, an unprecedented increase. The adage is that demand drives supply, that prices rise in times of high demand and/or short supply, and that prices fall when supply catches up with demand. The market sellers in biblical times knew this well; mediaeval market sellers equally. Dutch tulip sellers in the 1600’s experienced both in extremis — much to their dismay — and the great industrialists and early capitalists of the industrial revolution knew this also. Mining recently went through a cycle where investors and producers both believed that the “old” rules did not apply any more and that the industry was in a “supercycle” where prices would continue to rise on the back of increasing demand. However, as the GFC of 2008–2011 showed, this was not to be. Another adage says that we constantly innovate to lower costs of production. Is this true? Do we only innovate to lower cost? Has the true cost of producing copper actually gone down over the century? Or are there other balancing forces at play? Herb Kellogg, in his Centenary address to the American Institute of Mining Engineers (now SME), categorized two types of innovation: ‘Bigger and Better’, and ‘New Process’ (Kellogg, 1970). ‘Bigger and Better’ allows increased production at presumably lower cost; ‘New Process’ supports the same result at presumably the same scale, but at significantly enhanced efficiencies and (therefore) lower cost. It is suggested that both types of innovation are constantly and interchangeably required to achieve the kind of scale-up, at achievable operating and capital cost that the industry has achieved over the period. What can be shown, over this last Century and a bit, is that supply and demand are indeed inextricably linked, price and demand are linked, but so are price and cost of production. And the innovation required to sustain that weaves in between them all, cost-effectively increasing production capacity or lowering the cost of production at the same throughput, and sometimes both.

Jan 1, 2019