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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

By Thom Sedun

No sector of the mining industry is more closely tied to local communities than aggregates. Noise, dust, traffic, visuals aesthetics and environmental impacts all fall under the purview of neighbours, local governments and nongovernment organizations. It is no surprise that aggregate operations may not be welcome neighbors in many communities. In British Columbia (BC), the regulatory environment for aggregate operations includes a local component of municipal bylaws and land use-planning in addition to the usual suite of federal and provincial statutes that apply to its sister mining sectors. Additionally, under common law aggregate extraction is not considered to be a land use subject to land use zoning, and some aggregate processing activities can be regulated by zoning. Often traversing multiple local government jurisdictions, aggregate producers find themselves negotiating not only local traffic, but also a mosaic of regulatory environments. There is an opportunity in this present situation to facilitate the application of current technology and practices in the mitigation of many community and environmental concerns associated with aggregate operations. Moving a bulk commodity is a volume-based business, and operators often don?t have time for matters that don?t directly or obviously affect the bottom line. Regulatory agencies often play multiple and complex roles with respect to their industry, not the least of which is the fiduciary role. Balancing how and when to assist an industry is often a difficult decision. For the aggregate industry in BC, the Ministry of Energy and Mines saw an opportunity to assist not only aggregate operators, but also regulatory agencies, local governments, and the general public. Through investing in the Aggregate Operators Best Management Practices Handbook (handbook) project, the Ministry of Energy and Mines (MEM) believes that it will realize a return of upheld community values, enhanced environmental protection, improved regulatory compliance, reduce disputes and a stronger provincial aggregate industry. It is the intent to publish the handbook electronically through the MEM website later this year.

May 1, 2002

"Increasing demand for timely and accurate information about flotation plant performance requires metal accountants to increase the scope and reporting frequency of plant production. This trend has brought in-process inventory estimation at the forefront of metal accounting issues. Such significant in-process inventories can be locked in diverse process equipment (bins, holding tanks, flotation cells, thickeners, pipeline, etc.) or in stockpiles (ore, concentrates, tailings, etc.). Practice has shown that boldly ignoring these in-process inventories or the errors associated with their estimation lead to unreliable metal balances thereby creating confusion in plant production planning and operational performance assessment. To this extent, the characteristics (physical bounds, spatial heterogeneity and residence time) as well as the available measurements (volume, density, humidity, mass, composition, etc.) of each unit/section found in a generic flotation plant are jointly reviewed with respect to the particular metal accounting issues they present. The daily and monthly metal accounting tasks are then reviewed together with possible methods for obtaining reliable inventory estimates including different procedures for end-of month reconciliation.INTRODUCTION Most of the cost reduction initiatives of the mining industry aim at improving capital efficiency and asset utilization. Among the possible paths through which these goals can be achieved are mine-to-metal optimization, real-time plantwide process control (Hodouin, 2011) and knowledge sharing databases (Bascur & Linares, 2006). However, the successful implementation and subsequent monitoring will ineluctably results in an increased demand for timely and accurate information. This more than often requires metal accountants to increase the scope and reporting frequency of plant metal production. A striking example of such scope expansion is the Minas-Rio iron ore project in Brazil (Anglo American, 2013) having a pipeline route of 525 km between the concentrator and the concentrate shipping area. Several other mining companies have also set an increased frequency for their key performance indicators thereby shrinking the metal accounting period from monthly to weekly and daily. Those concurrent trends have brought in-process inventory estimation at the forefront of metal accounting issues. Indeed, as illustrated in Figure 1, improving trading reactivity requires improvements in production planning which strongly impacts the requirements for reliable metallurgical accounting. Furthermore, practice has shown that boldly ignoring significant in-process inventories or the errors associated with their estimation can lead to unreliable metal balances. In other words, since metal balances are the cornerstones of metal accounting, some of the risks associated with important business decisions are linked to errors associated with in-process inventory measurements."

Jan 1, 2014

By Newell G. Alford

COAL companies are definitely becoming conscious of the need for better organization. Mechanized mining and the intricate preparation of coal have brought with them the demand for better trained and more highly skilled mining personnel. Refinement in coal mine management is increasing the demand for young graduate engineers to start in the lower grades of the reorganization and prepare themselves to meet rapidly increasing coal mining responsibilities. The interest is wide in scope and extends from self-helps, extension work, and management study at the mines to stimulation of interest in coal mining amongst undergraduate mining students, leading to their permanent employment after graduation. Data by the United States Bureau of Mines show the total annual value of coal production (bituminous and anthracite in the U.S.) through the past 22 years as being more than 38 per cent of the combined value of all ocher mineral industry products. Natural-gas production has gained rapidly on coal since 1916; petroleum exceeded coal beginning with 1934 (see Figure 1). For this 22-year period, the Committee on Student Interest in Coal Mining, in the A.I.M.E., made a survey of the mining schools in Canada and the United States to show the approximate absorption of young graduate mining engineers by the coal industry. In 1938, 232 mining engineers were graduated as compared with 42 in 1918 (a war year) and 180 in 1923. From 1923 to 1929 the graduates declined to another low of 90, but from there on there was a rapid annual increase in the graduating output, reaching a total of 232 in 1938 and continuing upward to a maximum of over 325 graduating this present month.

Jan 1, 1940

By M. Leahy

"Very little is known about the large scale fluid dynamics and associated distribution of copper in an operating electrowinning cell, yet they will have a major influence on mass transfer and plating quality. The CFD model in this work is used to simulate an entire EW cell with 60 cathodes and 61 anodes, or 121 anode–cathode pairs, elucidating for the first time the three-dimensional (3D) flow and copper distribution in an industrial cell. Two methods for the distribution of electrolyte are modelled:1. Downcomer method: electrolyte is fed by a downcomer at one end of the cell, overflowing at the opposite end.2. Manifold method: a horizontal manifold pipe runs the whole length of the cell and feeds electrolyte via small holes in the top of the manifold pipe.The recirculation that develops within each anode-cathode pair, driven by oxygen bubble generation on the anode, is similar to that seen previously in two-dimensional models of single anode–cathode gaps. However a more complex 3D flow recirculation is established, which involves flow of electrolyte down the side gaps (being a path of low resistance for return flow) as well as the usual return flow down the cathode side of each pair gap. The bubble-driven flow is not influenced by the mode of electrolyte distribution.The electrolyte flow due to the manifold and downcomer is somewhat secondary to the bubble driven flow. In the case of the downcomer distribution mode, the high injection velocity causes a very turbulent flow in the first 1–2 m down the cell from the downcomer, with several large vortices developing. This may lead to some sludge particles being entrained into the bulk of the cell.In the manifold pipe case, the jet from each hole is dissipated very quickly, within the first 10–20 cm. The jets are directed into the downward flowing zone of the bubble-driven recirculation, which leads to unstable and periodic behaviour on a large spatial scale.In both the manifold and downcomer cases, there is a marked two-zone vertical stratification in copper concentration."

Jan 1, 2016

By K. Spence

"The notion of “value” has always been a subjective and contentious issue. Indeed, value is in the eye of the beholder. There are as varied methods and practices for valuing property, as there are industries in which they are applied. For example, there is replacement value, insurance value, salvage value, appraised value, book value, and fair market value, to name a few, although in the mining industry, valuations usually refer to fair market value.In the Canadian mining industry, at present, there are no comprehensive regulations or guidelines that specify which approaches or methods are appropriate for use in the valuation of mineral projects. In January 1999, The Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission recommended that the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) establish a committee to review and advise on approaches and methodologies for the valuation of mineral properties. Among the approaches to be considered are included the following: the discounted cash flow approach, the cost approach, the option pricing approach and the market comparables approach. In addition, methodologies differ depending on whether the project is at the exploration stage or the producing stage.The CIM Special Committee on the Valuation of Mineral Properties (CIMVal) expects that its final report will form the basis for a Canadian code or standard for the valuation of mineral properties."

Jan 1, 2002

By Peter White

Mine Planning Shaft Collar Shaft Sinking Raises Ramp Underground Water Storage

May 1, 2009

By Anna M. Ferrero

Stability condition of underground excavations have to be assessed to guarantee safe operations within the quarrying working areas. This objective requires a reliable assessment of the rock mass natural state of stress and of the stress redistribution induced by the excavations. This goal is often complicated by difficult geological conditions induced by tectonic stresses, complex topographies and large and irregular excavation geometries. Consequently, the acting state of stress needs to be measured by specific in situ measurement devices. This work refers on an in situ measurements campaign carried out by CSIRO tests in an underground quarry located in the Carrara marble basin. The difficult path carried out for interpretation of the measurements is described in this paper. In particular, the numerical modeling performed using the Boundary Element Method (BEM) first, to study the influence of both surface topography and excavation geometry and then the Distinct Element Method (DEM) to evaluate the influence of rock discontinuities in the measurement zone are illustrated in this work. Parametrical analysis of the rock mass mechanical features is also described in order to calibrate the numerical models and analyze the experimental results. The work has been carried out trough several phases, which are: characterization of the rock mass through geostructural surveys: this allowed us to classify the rock mass and determine the mechanical and physical parameters necessary for modeling; on-site measurement of stress levels through the application of over coring techniques; numerical analyses for the simulation of excavation phases, using the Examine3D (BEM) engineering analysis code. comparison between the measured stress levels and those numerically calculated and subsequent calibration of the BEM model; Numerical model of the forecasted excavation based on the calibrated (BEM) model.

May 1, 2009

By R. Agius, A. Nacu

"Adoption of the International Cyanide Management Code, regulatory requirements and community concerns have increased the need to implement suitable cyanide destruction processes at gold operations to meet ever more stringent discharge limits. As standards set for the allowable concentrations of cyanide, cyanide compounds and other contaminants may vary from country to country, jurisdiction to jurisdiction, and even from site to site, there is no “one size fits all” technological solution. Currently the most common cyanide destruction processes used in industry are sulfur dioxide/oxygen, hydrogen peroxide and Caro’s acid. Regardless of the process used, cyanide destruction plants must be reliable and achieve permit guidelines at all times. The selection of the most appropriate cyanide destruction process for an operation depends on several factors, including permit discharge requirements, tailings chemistry, location, site-specific climatic conditions and size of the operation. Only after considering all these factors together can the most effective approach be selected to achieve the permit guidelines economically and technically feasible. Finally performing the correct test work program is the most important step to ensure that the correct process design criteria can be determined to accurately calculate capital and operating costs.IntroductionThe adoption of the International Cyanide Management Code in 2005, stricter regulatory requirements and community concerns prompted by environmental incidents involving cyanide have increased the need to implement cyanide destruction processes at gold and silver operations.Process solutions associated with the extraction of gold and silver contain several forms of cyanide. The most toxic form of cyanide is free cyanide, which can be present as a dissociated cyanide anion (CN-) or gaseous or aqueous HCN. Weak or moderately stable cyanide complexes such as those of zinc, copper and nickel are classified as weak acid dissociable (CNWAD). Although less toxic than free cyanide, weak acid dissociable cyanide complexes are considered “ecologically sensitive” forms of cyanide and are regulated in most jurisdictions. In practice, reported WAD cyanide values are comprised of both free cyanide and weak acid dissociable cyanide complexes. Cyanide complexes with gold, mercury, cobalt and iron are referred to as strong acid dissociable complexes (CNSAD) and are much more stable even under mildly acidic conditions. Another term commonly used in cyanide chemistry is total cyanide, which represents all cyanide compounds present in solution, with the exception of cobalt complexes. Total cyanide levels in solutions are in most cases higher than WAD cyanide values and the difference between the two usually indicates the presence of iron-cyanide compounds. Typically, in Canada CNTOTAL levels cannot exceed 1 mg/L in solutions."

Jan 1, 2017

By Christoph Broeckmann, Andrew Gardula

"The adoption of high-pressure grinding throughout the cement industry has yielded enormous savings in energy and wear material costs. There are also a number of installations, which are applied in iron ore and kimberlite processing operations. High pressure grinding offers the same potential for energy and media savings, as well as opportunities for improved, downstream metallurgical performance, in hard rock mineral processing. This paper focuses on developments in machine design and wear surface engineering for high-pressure grinding of the hard rock ores in the mineral processing industry.INTRODUCTIONIn the early eighties 3.4 % of the world electric energy was consumed for crushing and grinding operations of minerals and 0.6 % in the ore dressing industry. During that time using a laboratory press Prof. Schönert found that interparticle comminution at high pressure requires remarkably less energy as conventional grinding technologies. In grinding of cement clinker he expected energy savings between 33 and 50 % compared to ball mills [1]. Piston presses are limited in throughput. Thus, the principle of interparticle comminution was adapted by the use of high pressure grinding rolls (HPGR) to a continuous plant process. Figure 1 shows the main components of a roller press: The roller nip of width s is formed between the floating roller (1) and the fixed roller (2). The diameter of the rolls will be denoted with D, the width with B. The total press force F can be adjusted using a hydraulic system with two or four pistons (3). In order to compare machines with different roll geometries the specific pressing force p is introduced:"

Jan 1, 2005

By Manuel Sanchez, Marcial Medina, Matt Hurley, Hugo Granados, Pramod Kumar, Raj Rajamani, Jose A. Delgadillo

"Large-diameter ball mills have traditionally used steel liners—steel being a highly durable material that can be shaped into any desired geometry, among which the double-wave has been the preferred design. Such a design produces a purely cascading charge motion, which is ideal for the shearing action needed to produce a finer product. Today, however, rubber liners, which have been in existence for over forty years, are now preferred over traditional steel, largely because they weigh less and are easier to maintain. In this paper, we show the operating data from the Hudbay Minerals’ Constancia Mine, wherein the liners on a 26-by-40-foot mill were changed from conventional steel liners to PolyStl™ liners. It is then shown that this change reduced the amount of energy consumed whilst being able to maintain previous grind and throughput levels. The design is verified via discrete element simulations.IntroductionThe Constancia Mine (“Our Business: Peru,” 2016) is located in the southeastern Andes of Peru, at an elevation of approximately 4,200 m. It can be accessed via the CU-126 road, about 95 km from the town of Espinar in Espinar Province. The mine also contains both the Constancia and Pampacancha deposits in the Province of Chumbivilcas. Hudbay Minerals, Inc. acquired the mine in 2011, through the purchase of Norsemont Mining, Inc. and currently retains sole ownership of the property. Production of the Constancia Mine began in 2014, with commercial production levels being achieved in April 2015.The Constancia and Pampacancha deposits primarily include hypogene, supergene, and skarn ores. The Mine’s main products, however, are copper concentrate, with silver contents, and molybdenum concentrate. These mineral reserves are expected to last approximately 22 years. Constancia’s open-pit mine supplies a processing plant that is designed for 81,900 metric tons per day of throughput. Average annual copper production is estimated to be 82,000 mT (contained metal in concentrate). Actual plant production can be found in Table 1."

Jan 1, 2017

By R. Al-Hent, M. Aissa, J. Asfahani

"This paper focuses on determining the favorable geological and hydrogeological conditions for forming uranium occurrences in the Froqlos-Jabal Abou Rabah region, Palmyrides, Syria. Eighty rock samples from this area were analyzed by spectrometric gamma-ray technique to determine the radioactive concentrations of eU and eTh, and of %K. Uranium concentrations in shallow and deep groundwaters were also determined. High uranium concentrations were registered owing to the presence of phosphatic outcrops in the study region. The uranium migration trends and its remobilization were analyzed through the analysis of the behavior of eU, eTh, and their ratio. A positive relationship between eU and eU/eTh, and a negative relationship between eTh and eU/eTh in geological formations of different ages supports the secondary remobilization of uranium. The role of groundwater movement in transportation and redeposition of uranium mineralization is discussed: deep waters are less oxidizing than near-surface waters, and do not appear to have significantly remobilized uranium. This indicates that the source of secondary uranium mineralization is surficial or near surficial, and is mainly related to the leaching of outcropping phosphatic layers.Integration of the results with established radioactive and geological sections reveals four radioactive anomalous zones: north Froqlos, Kherbet Hannora, northwestern flanks of Jabal Abou Rabah (Kherbet Al-Hajar), and the northwestern limit of the Ghuntor depression. The high uranium concentration in north Froqlos is because of its original presence in the phosphate beds and extensive fracturing, which allows groundwaters to penetrate and remobilize the uranium. High uranium concentrations in the other three locations are caused by the presence of evaporites and capillary action, which draws solutions upwards and causes redeposition as surface crusts (gypcrete)."

Jan 1, 2009

By Lorrie Fava

Two needs in the mining industry, to enable overall process improvements, are open systems and network connectivity in underground mines. The Pando project, a collaboration between Symboticware, Vale and Xstrata Nickel, and supported by CEMI, addresses these issues, and leverages the solution platform to deliver intelligent applications. An open system is one that uses publicly available standards for its key interfaces. Vendor-neutrality and ease of information flow are two main benefits that result from the use of open systems. By facilitating the interoperability of systems, open systems allow information to be available when and where it is needed for decision support. Network connectivity in underground mines is typically limited, with hotspots in strategically chosen areas that are relatively static. Mobile equipment moving through a mining work cycle experiences intermittent connectivity; in this situation, seamless remote equipment monitoring is impossible. The Pando project establishes an open technology platform, adhering to the IREDES and OPC UA standards. It enables the collection and integration of information generated by mobile equipment? seamlessly while there is a network connection, and as a store-and-forward gateway to manage intermittent connectivity. The platform capabilities are leveraged to support embedded intelligent applications. This open platform, the SymBot, is a rugged hardware and software device. The platform complies with open standards for industrial automation and systems interoperability. The SymBot platform is capable of providing advanced real-time decision support at the device level, and is designed to be remotely configurable. Applications being developed through the Pando project include engine monitoring, a dynamic load weighing system, machine location monitoring and automated activity monitoring including production and maintenance reporting.

Oct 1, 2010

By Hugh S. Spence

This paper deals with an occurrence of radium ore near Wilberforce, Haliburton county, Ontario, upon which development work has recently been undertaken and which seems more likely to prove of commercial grade than any other deposit' of radioactive minerals hitherto found in Canada. This occurrence is sometimes called the Richardson property, after Mr. W. M. Richardson, the discoverer, and will be so referred to in the present paper. Occurrences of radioactive minerals are not uncommon in eastern Canada, and a number are recorded in the literature. The earliest of such references is probably that in Geology of Canada, 1863, where is mentioned an occurrence of uraninite at Mamainse, on the east shore of lake Superior. The mineral was first described by J. L. Leconte, in 1847, under the name of coracite, and was said to occur in a two-inch vein at the contact of trap and syenite. Search for this locality in recent years has proved unsuccessful. Obalski, in 1894, mentions (1) the occurrence of uraninite at a mica mine near Murray Bay, Que. In 1903, Obalski records (2) tests made on this uraninite by Rutherford and the Curies and the determination in it of the then newly-discovered element radium. In 1901, he mentions (3) the occurrence of uraninite at the Villeneuve mica mine, on the Lievre river, and of samarskite at the Maisonneuve mica mine, in Berthier county.

Jan 1, 1930

By R. O. Burt, D. J. Ottley

"SYNOPSISRecent developments in the use of the Bartles-Mozley table and the Bartles CTS screen are described for the gravity preconcentration of fine heavy mineral and metal particles present in low grade pulps. The B-M table is a relatively new device used for the recovery of particles of up to 100 micron size down to 5 microns or in the case of gold and platinum, down to 1 micron. The CTS screen is a wet screening device used for feed preparation ahead of the Bartles-Mozley table and will size effectively down to about 300 mesh. Results and operating data for a number of different materials are given including outline flowsheets; the effects of the major variables on the performance of the table are briefly discussed. The potential of the B-M table to treat a variety of different ores, coal, tailings, and waste products are considered. The utilization of the B-M table in association with other unit processes to improve overall results as well as to improve the economics of design and performance of plants are also mentioned.INTRODUCTIONA number of new gravity concentration devices have been developed in recent years for the recovery of fine heavy mineral and metal particles but for reasons which include low capacity, high capital or operating costs, competition from other and better processes, the absence of simplicity or reliability in operation etc., only a few which include the Bartles-Mozley table, have been proved to be of commercial application.The name of the machine is derived from the inventors name, Richard Mozley, who developed the B-M table at the University of Bristol in England. The table was subsequently taken up and patented, world-wide, by the National Research Development Corporation a British government agency. An exclusive license to manufacture the table was granted by NRDC to Bartles (Carn Brea) Ltd. in Cornwall, England."

Jan 1, 1973

By Bruno Lemelin

Falconbridge Ltd Raglan Mine has been in production since 1998 and has produced annually some 900 000T of ore grading 3.1% nickel, 0.9% copper and 0.06% cobalt. The mine is located in Nunavik, Northern Quebec. The current mine life is estimated at approximately 20 years. Reserves are composed of numerous small ore bodies situated across a 65 km strike length. Planning the extraction of the ten small mineralized zones represents a great challenge to optimize. The overall objective is to maximize the company?s return on net assets. Actual planning uses computerized technology tools like Automod and Mine2-4D, and a conventional discounted cash flow method (DCF) of calculating net present value (NPV). The complex setting of Raglan could benefit from advance valuation techniques such as the real options method (RO). This paper will present the characteristics if the mines that make it a good candidate to use RO to gain further insight.

May 1, 2004

Block caving is an underground mining method for the profitable extraction of massive, low-grade orebodies. Lately, it has become the mining method of choice, for many mining companies, because of depleted high-grade orebodies, and declining metal market prices. Block cave mining, however, still faces several challenges. Lack of access to the cave remains a major issue in understanding the rockmass response to mining for method optimisation. Improving our understanding of the rockmass response to caving will lead to safer and more productive operations. Combining large datasets from multiple sources with virtual reality scientific visualisation (VRSV) is a viable alternative to understanding complex cave behaviour without access to the cave. This is achieved using immersive environments with the ability to view complex multi-dimensional data (beyond 3D) graphically. VRSV offers a unique platform where it becomes possible to immerse the multi-disciplinary experts, and/or management team, in a virtual mine environment for quick decision making and fast resolution to conflicting conclusions. The underground mining system is complex due to multiple interrelating factors such as geology, excavation geometries, stress and time. Block caving is even more complex than most underground mining methods due to the network of tunnels required, and the use of induced stress, among others. As a consequence of the complexity in the block caving environment, it is vital that the mining system is analysed holistically, as a system, rather than optimizing individual factors one at a time. This paper presents a customised software module developed for use in the Advanced Visualisation Interactive Environment (AVIE) at The University of New South Wales (UNSW), Australia, to enable VRSV investigation into block cave mining systems (BCMS). This approach has the potential to provide a better understanding of the effect of time in in rock engineering, which has proven to be an important factor in hard rock mines (Ma & Daemen, 2006; Malan et al., 1997; Suorineni, 2010) but never validated. This work back analyses the early undercutting phase of a case study block caving operation with the view to understanding time/sequence effects. There is evidence that heterogeneous rockmass time-dependent behaviour governs the seismic response of the rockmass following undercut developments.

Jan 1, 2015

By Corinne Boone

CO2e.com, LLC - launched in November 2000 - aims to be ?the global hub for carbon commerce.? CO2e.com is a subsidiary of the Cantor Fitzgerald Group, one of the world?s leading brokerage firms Recent Investor in CO2e ? Mitsui & Co. Alliance with Cantor Fitzgerald Environmental Brokerage Services Group (CFEBS) Offices in London, Toronto, Tokyo, New York, San Francisco, Los Angeles, Connecticut, Houston Primary Goals/Benefits of ET § Goals of Emissions Trading: ? Permit Industrial Growth/Expansion ? Promote Economic Efficiency and Flexibility in Meeting Air Pollution Standards § Benefits of Emissions Trading: ? Enhance Air Quality w/o Economic Stagnation ? Encourage Development of New Technology ? Foster Most Efficient Use of a Limited Resource -- Clean Air § Contributes to Sustainable Development and objectives of UNFCCC, Kyoto Protocol?.

Nov 1, 2002

By K. G. Thorne, L. J. Cabri, L. R. Fyffe, D. R. Lentz, D. Hoy

"Mineralization at the Main zone of the Clarence Stream gold deposit in southwestern New Brunswick occurs within a parallel series of quartz veins that occupy a NE-trending, steeply north-dipping, brittle-ductile shear zone related to the nearby terrane-bounding Sawyer Brook fault. This deformation zone cuts volcaniclastic sedimentary and volcanic rocks of the Silurian Waweig Formation, and is intruded by mantle-derived East Branch Brook gabbroic dikes and a number of felsic dikes. Intermittent shear-zone reactivation during local magmatic activity induced heterogeneous deformation and alteration of the country rocks and dikes. The terminal phase of shearing is associated with narrow pegmatite-aplite dikes that grade laterally into granophyric granite, and into an auriferous quartz vein. Gold, aurostibite, and gold-antimony intergrowths, predominantly with vein quartz, are associated with a low ƒO2 sulfide mineral assemblage (pyrrhotite, arsenopyrite, and berthierite) that has a sulfur isotopic signature consistent with a magmatic source. Gold saturation and deposition occurred episodically between 300° and 360°C at low activity of sulfur, predominantly in response to pressure reduction during brittle failure combined with the effects of decreasing temperature and sulfidation reactions during fluid-wall-rock interaction. Geochronological studies demonstrate that the timing of the emplacement of the pegmatite-aplite dikes and associated auriferous veins overlap with that of the Early Devonian Magaguadavic granite. Moreover, the composition of the dikes is consistent with their derivation from this granite as late fractionates. The Main zone of the Clarence Stream deposit is therefore interpreted to be intrusion-related, with the Magaguadavic granite being the ultimate source of the gold-bearing fluids. La minéralisation de la zone principale du gisement aurifère de Clarence Stream dans le sud-ouest du Nouveau Brunswick occupe une série de veines de quartz parallèles dans une zone de cisaillement fragile-ductile de direction NE et à pendage abrupt vers le nord apparentée à la faille de Sawyer Brook avoisinante qui délimite deux terranes. Cette zone de déformation recoupe les roches volcaniclastiques et volcaniques de la Formation de Waweig d’âge Silurien et est recoupée par les dykes de gabbro d’East Branch Brook, d’origine mantellique, ainsi que par divers dykes felsiques. La réactivation intermittente de la zone de cisaillement durant l’activité magmatique locale a entraîné la déformation et l’altération hétérogènes des dykes et de l’encaissant. La phase finale du cisaillement est associée à de minces dykes d’aplite-pegmatite qui passent latéralement à des granites granophyriques, puis à des veines de quartz aurifères. L’or, l’aurostibite et les intercroissances d’or et d’antimoine principalement associées aux veines de quartz sont associés à un assemblage minéral de sulfures à faible ƒO2 (pyrrhotite, arsénopyrite et berthierite) présentant une signature isotopique du souffre compatible avec une source magmatique. La saturation en or et la précipitation a eu lieu épisodiquement entre 300° et 350°C dans des conditions de faible activité de souffre, principalement en réponse à la baisse de pression durant la rupture fragile ainsi qu’aux effets de la baisse de température et aux réactions de sulfuration durant l’interaction entre le fluide et l’encaissant. Les études géochronologiques indiquent que l’âge de la mise en place des dykes de pegmatite-aplite et des veines aurifères qui leur sont associées coïncide avec le granite de Magaguadavic, d’âge Dévonien Précoce. De plus, la composition des dykes est compatible avec une origine provenant de ce granite sous la forme de phases fractionnées tardives. Le gisement principale (Main zone) de Clarence Stream est ainsi considéré comme étant associé aux intrusions, le granite de Magaguadavic étant la source ultime des fluides aurifères."

Jan 1, 2008

By Niklas Frank

Ore and waste transports form an integral part of any mining operation and represents a substantial portion of the mine´s total operating cost. Mine layout, truck fleet and size, production rates, haulage distances, shift schedules, maintenance strategies etc. are all important and not at all static variables. They all change during the life of a mine and interact in a dynamic way. It is therefore essential for the successful mine management to constantly analyse and optimise the mine's transport systems. Önnerlöv has recently conducted a life-of-mine haulage simulation project for Zinkgruvan Mining, a medium sized, underground zinc producer, located approximately 60 kilometers south of Örebro, Sweden. The main objective of the project was to analyse and optimise the investments required to provide ore and waste haulage under changing conditions over an +10- years period: Deepening of the mine, increased production rates, changed mine layout, changed truck fleet etc. A large number of scenarios has been tested in the simulation model in order to identify the "lowest cost per ton" solution. This paper comprises an introduction of Zinkgruvan Mining and a brief background to the actual project, a description of the simulation model, project conclusions and some useful hands-on tips for mining engineers and project managers how to run a successful simulation project.

May 1, 2003