Search Documents

By Jianhong Xu, Hailong Hou, Yu Jing, Yundong Wang

Microcapsules containing extractants have been applied to the extraction of metal ions, organic acid, pesticide, and herbicide. The difficulties of conventional liquid-liquid extraction in phase mixing and phase separation (e.g. high energy consumption, emulsification phenomenon, and large equipment requiring housing) could be overcome in a liquid-solid system by using microcapsules. Even some extractants with high viscosity and poison can be encapsulated conveniently into microcapsules. In the work described in this paper, polysulfone microcapsules containing 2-ethylhexylphosphonic acid mono-2-ethylhexyl ester (P507) were successfully prepared. Then, the extraction rate of lanthanum, samarium, and erbium in dilute solution into the microcapsules containing P507 was studied. An extraction kinetic model is proposed based on the interfacial reaction model accompanied by intraparticle diffusion expressed by Fick’s law. The extraction efficiency was obtained by using the kinetic model with the separately determined complex formation rate constant and the intraparticle diffusion coefficient. From the results, it was confirmed that the kinetic model could predict the experiment in a microcapsule system over a wide concentration range of lanthanide solution. In the future, the model could provide good guidance for the design and application in extraction of lanthanides.

Jan 1, 2014

By A. Gutiérrez

At present, most ore milling is done in tumbling mills, consisting of huge cylinders turning on their horizontal axis. This rotational motion causes the ore charge and the grinding balls to interact by impact, compression and abrasion, to reduce the size of the ore. This method is very inefficient since only around 12% of the energy supplied is used for actual grinding, the rest being used in moving the large mass of balls and ore within the mill. This work aimed at better understanding the milling process by evaluating the movement of the load through the Discrete Elements Method (DEM). First, the number of bodies (balls and ore) moving inside the mill is determined, to correlate to the potential impacts that constitute one of the milling mechanisms. Then, the number of high energy impacts is evaluated to correlate to the bodies in motion. At this stage, a differentiation between grinding media and the ore, as well as between the types of contact taking place in the mill, has to be made. This latter issue is of great relevance since from the five identified contact types (ball-ball, ball-liner, ore-ore, ball-ore and ore-liner) only the last three actually contribute to the milling process, the other two causing structural damage to the mill.

Jan 1, 2007

By T. L. Lee, D. Y. Tan, J. Mi

Considerable progress has been made in studying the mechanism and effectiveness of using ultrasound waves to manipulate alloy solidification microstructure, However, uncertainties remain in both the underlying physics of how microstructure evolve under ultrasonic waves, and the best technological approach to control the final microstructure and properties. We used the ultrafast synchrotron X-ray phase contrast imaging facility housed at the Advanced Photon Source, Argonne National Laboratory, USA to study in-situ the highly transient and dynamic interactions between the liquid metal and ultrasonic waves/bubbles. The dynamics of ultrasonic bubbles in liquid metal and their interactions with the solidifying phases were captured in-situ for the first time. The experiments were complemented by the simulations of the acoustic pressure field, the pulsing of the bubbles and the associated forces acting onto the solidifying phases, providing more quantitative understanding for using ultrasound to control the growth of dendritic grains and to enhance grain multiplication effects for grain refinement.

Jan 1, 2014

By D. Kalumba, S. Jjuuko

"Thin Spray-on Liners resist relative small deformations (< 1 mm) between rock blocks or fragments in terms of a combination of shear, adhesive and tensile-bond strengths. Shear-bond strength addresses the ability of a thin liner to resist stresses that act parallel to the rock-liner interface. Therefore quantification of shear-bond strength is essential in the formulation of design standards and requirements for Thin Spray-on Liners. In this paper Thin Spray-on Liner support mechanisms are reviewed. In addition previous methods of Thin Spray-on Liner shear-bond testing are discussed. The paper also explains the research being carried out at the University of Cape Town to investigate the effect of different parameters on the shear-bond strength.INTRODUCTIONRock surface support is widely used to combat rockfalls and resulting injuries and fatalities in the vicinity of active faces (Potvin, 2002), where workers spend most of their time (Adams & Baker, 2002; Potvin, 2002; Lacerda, 2004). The conventional (traditional) surface support systems in underground rock support include passive methods such as mesh and lacing and active methods such as shotcrete. However, rockfall sources between 1990 and 2000 in Nevada gold mines showed a steady increase in rockfall injury associated with mesh support as shown in Figure 1 (Lacerda, 2004). The conventional methods also negatively impact the mining operations with regards to costs, logistics and mining cycle times due to large material volumes (Tannant, 2001; Ozturk & Tannant, 2010; Ferreira, 2012). Therefore, these systems need to be substituted, with enhanced methods, in order to realize the business target of the mining industry of providing the planned return on investment made without harm and within budget."

Jan 1, 2015

By H. Dundar

The first application of High Pressure Grinding Rolls was in 1985 at a cement plant, for the purpose of capacity improvement. Then various circuit configurations were derived to achieve a reduction in overall specific energy consumption, by transferring more of the grinding required to the HPGR. In most circuit configurations, the recycle of fines is required for effective breakage between the rollers. By increasing the fines amount in the feed material to a specific level within the recycling load, a uniform material bed is created and a higher pressure gradient along the roller width is obtained, resulting in compact flakes, including more fines. The fines recycle results in enhancement of the interparticle breakage. This paper will discuss the effect of the feed size distribution on HPGR performance.

Jan 1, 2012

By S. Malkin, Z. Shi, H. Attia, D. Chellan

An experimental investigation is reported on creep-feed grinding of a nickelbased alloy (IN718) using conventional aluminum oxide grinding wheels. Straight surface grinding expe.riments were conducted on nickel-based alloy blocks over a wide range of grinding conditions with straight oil as- grinding fluid applied at high pressure. Grinding power, forces, workpiece surface roughness, and radial wheel wear were measured. Specific material removal rate as high as 64 mm2/s was Used without burning the workpiece, which can be attributed to the extremely low specific energy of 12.6 J/mm3. It was found that the grinding wheel under the present test conditions had a strong capability of self-sharpening as indicated by the stabilized power, forces, and surface roughness after an initial short transient.

Jan 1, 2006

By Peter Godbehere, Christian Desroches, Viken Baboudjian

"Noranda Copper Smelting and Refining is a unit of Noranda Metallurgy Inc., comprising the Home smelter in Rouyn-Noranda, Quebec and the C.C.R. Refinery in Montreal East. The Home smelter provides custom smelting services for a wide variety of copper and precious metal bearing concentrates and recyclable materials, producing over 200 000 tonnes of anodes and 450 000 tonnes of sulphuric acid annually. The C.C.R. Refinery has an annual production of 360 000 tonnes of copper cathode, and is a major refiner of precious metals.Over the past twenty years, Noranda Copper has developed innovative processes and operating techniques to treat the ever increasing complexity of primary feed materials, while improving the quality of its final products, working conditions and reducing environmental emissions.This paper presents an overview of the operating practices of Noranda Copper with particular emphasis on the impact of impurities in the smelting and refining processes.IntroductionThe treatment of custom materials has been practiced by Noranda Copper since commencement of operations at the Home smelter in 1927 and the CCR refinery in 1931. Copper concentrates from a wide variety of regional, North American and overseas producers account for the bulk of the 800 000 tonnes treated annually, although recyclable and secondaries have increased in importance as feed sources in the past two decades. The geographical disadvantage of the Horne smelter compared with most custom smelters located on tidewater has provided an important incentive for Noranda Copper to develop the necessary technology and operating practices at its smelter and refinery to treat high value complex concentrates and other feeds containing significant concentrations of bismuth, antimony, arsenic, lead, tellurium, mercury, etc."

Jan 1, 1995

By W. J. Stickney

"Over-all recovery of cadmium has been increased at the plants of the Hudson Bay Mining and Smelting Co., Limited, since the construction of a slag fuming plant and baghouse where smelter flue dust is recovered. This pa-per outlines the distribution of the cadmium in plant products from the concentrator to the refining department.The leaching of cadmium-bearing precipitates from the zinc plant is also discussed. This consists of a two-stage leach; first with sulphuric acid and then with copper sulphate. Details of the leaches are outlined along with the safety measures practised in handling the hydrogen and arsine evolved.The paper describes the final preparation of electrolyte for the refining cells by purification for copper and thallium. Deposition of cadmium, using a polyacrylamide as an addition agent, is discussed.An outline is given of the melting procedures, under either sodium hydroxide or zinc chloride, and of the sub-sequent treatment of the dross to recover entrained cadmium and thallium."

Jan 1, 1966

By Ted Nuorivaara

The use of polymer-surfactant mixtures as foam stabilization agents is a topic that has drawn the attention of several fields but has so far not be thoroughly studied in the context of mineral froth flotation. The present work showcases a study on the impact on flotation performance of cellulose surfactant derivatives and their mixtures with commercial frothers. Bubble size and foam property measurements were run in a two-phase system along with laboratory-scale flotation experiments conducted using a porphyry copper ore from a mine in Finland. A comparative analysis on recovery, grade and flotation kinetics is presented on the products obtained using: i) a partially hydroxylated cellulose derivative (i.e. hydroxypropyl methyl cellulose; HPMC), ii) a commercial polyglycol-ester frother (Nasfroth240; NF240), and iii) mixtures of these two. The results show that using frothers with a total concentration of 30 ppm, the HPMC-NF240 mixtures provide advantages in terms of Cu recovery, (i.e., up to 95%), compared to the use of either NF240 (ca. 76%) or HPMC alone (ca. 1%). Interestingly, only a small proportion of HPMC mixed with NF240 was sufficient to produce a measurable increase in recovery. This improved performance was attributed to a synergistic effect of the polymer-surfactant mixture which further reduced the bubble sizes in a two-phase system compared to that of NF240. The present work offers a further step into understanding the phenomena taking place when a short chained surfactant is either substituted or mixed with a cellulose derivative, offering potential ways of exploiting this behavior for the enrichment of minerals. INTRODUCTION Froth flotation has been the predominant technology used to beneficiate sulfidic copper minerals such as chalcopyrite ever since it was invented in the late 19th century. The reason for the domination of flotation technology lies behind its versatility in selective separation as well as relatively cheap operational costs (Wills & Finch 2015). Even though flotation of sulfidic copper minerals is moderately well understood based on the broad research work done around the subject (e.g., Albijanic et al., 2015, Bournival et al., 2017, Wang et al., 2015, Mikhlin et al., 2015, to cite only a few), the modern era presents new challenges to the primary raw material industry, including questions regarding sustainability of mining operations accompanied by a need to improve the process efficiencies due to declining ore grades (Edraki et al., 2014).

Jan 1, 2019

By L. E. Djingheuzian

"ForewordTHE FOLLOWING excerpt is taken from Fine Grinding Investigations at Lake Shore Mines (C.I.M., Trans., Vol. XLIII, 1940, p. 307):""MacCalman, who has carried out exhaustive testing on the accuracy of screen analysis, makes the following statement in his report, The Accuracy of Sieving Tests, Industrial Chemistry (London, England), Vol. XIV, p. 231:"" 'It will be shown that, as no specific relationship between the sieving value and the various dimensional features of the sieve is evident, though there is an apparent tendency for the sieving value to follow the average aperture size, it is apparently impossible to define the sieving value of a screen from dimensions alone, and the calibration of sieves for important tests on a specific material, whereby the sieving values of these sieves are related to that of an arbitrarily chosen master sieve by correction values, will be recommended."" 'It will be emphasized that these correction values are probably not applicable to other materials, or the same material of different size composition. Sieve users, for important tests or in cases of dispute, will be recommended to calibrate their sieves against a mutually acceptable standard with specified conditions of test, and to recalibrate at intervals' ""."

Jan 1, 1953

By Christopher R. Davis

Resource modelling is the basis for any economic appraisal of a mining project and includes a number of steps from data acquisition and validation to resource reporting and classification. At each step in the modelling process it is necessary to define the specific objectives, the methodology proposed to achieve those objectives and to establish a set of checks and validation tools to assess the effectiveness of the proposed methodology. The data used has to be both reliable and relevant for the purpose of the modelling. QA/QC for database validation requires verification of sample location; including correct collar location, topographic modelling and down-hole surveying. Validation is also performed on assaying information such as checks for sampling bias and accuracy of core splits, proper use of pulp duplicates and standards, handling of calculated values, explicit/implicit absent data and data entry errors. The second step involves identifying the mineralized domains resulting from the mineralization process. This step requires a geometric interpretation of all relevant geological features that have influenced the spatial distribution of the mineralization including dykes, faults and alteration. In addition, a geologic reference system rather than a standard Cartesian system is established to measure distances between samples. Once the mineralized domains are established and the database has been validated, statistical and spatial description of the mineralized samples are examined in order to establish the histogram and the variogram of all variables of interest and their correlation. Results are also used to calibrate the global resource estimate within the mineralized domain and to establish the search strategy for grade interpolation. The mineral envelope is filled with polyhedral cells representing mining blocks. The average grade of these blocks is estimated using kriging techniques in order to eliminate global bias and to minimize the local error in the block grade estimate. Visual checks are made to validate the spatial trends in grade distribution while global bias and smoothing effect are assessed from the declustered sample statistics. When required, smoothing correction may be applied using ?change of support? techniques. Simulations are used to perform sensitivity analysis and the simulation models are used if severe smoothing of spatial variability makes the interpolated model inappropriate for mine planning. The keys to successful resource estimation are an integrated team of geologists, geophysicists, geostatisticians and mine engineers using the best available technology and reviews by independent auditors. The resource team is also responsible for performing a QA/QC program in order to measure the effectiveness of the methods in meeting the specific objectives at each step of the modelling process.

May 1, 2001

By M. Coleman, M. E. Reed

The control of feed delivery quality to the flash furnace remains an unsolved problem. Many operations around the world still have limited control of feed quality to their flash furnace. Schenck Process and WorleyParsons continue to work towards the ‘holy grail’ of simple quality feed delivering both radial feed distribution and pulseless feed delivery. Ten years ago they joined forces to offer a system based on then Clyde Process RotoFeed system which could deliver ground level installation, online mixing of materials, pulseless feeding direct to the burner, with good radial distribution. Unfortunately, this proved to be too large a step for the Flash Smelting community and met with resistance from the process owners. Since then the community has developed a range of options some of which have been implemented over this period. Despite these improvements there are still areas of concern including safety issues associated with concentrate leaks and spills, uncontrolled variations in feed rate including massive flooding events, intermittent distribution improvement and set up of the burner continues to be trial and error and hard to repeat the success in each burner campaign. These continue to impact flash furnace performance globally on a daily basis. Following the community reticence to pursue the complete solution a number of interim steps are now available to pave the way to the ultimate feed system. The mixing of material has been installed and is delivering line blended materials on a daily basis. This paper will investigate the developments over the last 10 years and discuss the pros and cons of this incremental step process for overall furnace control. INTRODUCTION Schenck Process and WorleyParsons have continued to interact and observe changes in the flash smelting industry and to consider application of the Clyde RotoFeed now incorporated in the Schenck Process ProStreamTM range for delivery of feed directly to the concentrate or matte burner. Schenck Process pneumatic injection from the Clyde Process range, ProStreamTM, utilises two types of volumetric feeders to accurately control the feed of material into an injection pipeline. These are referred to as the RotoFeed and RotoScrew technologies and the choice of feeder type is dependent on the characteristics of the material to be handled. The RotoFeed is generally used for finer, granular and powdered materials which cannot be accurately handled with a screw such as pulverised coal and copper concentrate, whilst the RotoScrew is particularly suited to coarser lump materials, particularly abrasive of cohesive materials like zinc powder, electronic scrap and metal ashes. Both units can operate at high pressures and many systems work at 3 to 10 bar with the occasional system working at 20 or 30bar for carbon to gasifiers. For the Flash furnace the ProStreamTM units can be used to deliver each of the furnace feed materials into a single line, mixing the materials homogeneously and live to the burner.

Jan 1, 2019

By Rainer Süss

An investigation was carried out by Mintek to investigate the influence of a range of alloying additions (vanadium, cobalt, zirconium, antimony and germanium) on the formability and hardenability of alloys with gold content >90 wt%. This paper reports on the hardening mechanisms that can be utilised to increase the hardness of gold (>90 wt% Au) by conventional alloying, as well as the hardening effect obtained by alloying with specific elements. Preparation methods for the alloys are described, which include the steps of melting, annealing, quenching, cold working and age hardening. Focus is given specifically on alloys that were developed at Mintek with a gold content >90 wt%, which are not only harder, but exhibit good resistance to tarnishing and corrosion.

Oct 1, 2003

By Miguel A. Cuba

Resource models are generally constructed using data of different types and/or from different sources. A common issue is the consistency of scale in the information that often leads to a requirement to composite the data prior to model construction. For the purposes of mine planning, development and/or resource assessment, this model may then be upscaled to a relevant selective mining unit. It is well established that the geostatistical parameters for resource model construction is scale dependent. In particular, the volume variance of integrating these various scales has a direct impact on the variogram that should be used in model construction and/or the assessment of volume variance relations as it affects resource estimation. The scaling laws are a set of guidelines that detail how the variogram should change as a result of a change in the volume; these laws are empirically derived and involve some simplifying assumptions, not the least of which is an assumption of shape invariance in the variogram structure. An alternative approach was proposed to directly upscale the variogram via numerical integration, which demonstrates that the assumption of shape invariance is not required and we can directly access the new variogram shape given any volume of interest. This paper compares these two different approaches to variogram upscaling by considering two applications: the first corresponds to a 2D synthetic case and the second looks at a 3D case with data from a porphyry copper deposit. The simulation studies in these cases show that the direct upscaling approach performs better than the scaling laws in fitting the average experimental variogram values at any block size. This is based on a mean absolute error criterion. Moreover, it is also shown that with an increase in the block size, direct variogram upscaling significantly outperforms the scaling laws approach.

Oct 1, 2009

By M. Imamura

Sumitomo Metal Mining Co., Ltd. has developed a novel hydrometallurgical process for producing not only copper metal but also iron metal from copper concentrates. Because copper concentrates generally contains the same amount of iron as copper, cost-effective rejection of the iron is a key issue for the development of the process. Conventional hydrometallurgical processes produce a large volume of goethite or hematite for disposal and the residues are not environmentally friendly. In the novel Sumitomo hydrometallurgical process, copper is leached effectively from chalcopyrite concentrates using chlorine gas, followed by purification through solvent extraction and electrowinning for copper and iron recovery. This process has many advantages such as the minimization of the volume of solid waste by the recovery of metallic iron and the production of high purity copper. Iron metal with a purity of more than 98% can be recovered from the purified raffinate. This paper presents the results of the batch and continuous tests of the process flowsheet.

Jan 1, 2006

By Gordon Nelson

The Homestake gold mine is one of the largest and oldest continuously operating gold mines in orth Ame rica. To date this mine has produced in excess of 128.000.000 tons of ore containing almost 34 million ounces of gold . Gold mine ralization is restricted to the Homestake Formation. This unit is a metamorphosed iron-formation which is enclosed by pellitic metasedime nts below (Poorman Formation) and a pellitic to qua rt zitic unit (Elli son Formation) above. The e ntire Precambrian sequence. in the Lead area. has been subjected to a multi-stage defo rmation episode which ha c reated an extremely complex structural setting for the Homestake orebodies. Metamorphic grade inc reases from greenschi st ro amphibolite in a northeast d irecti on acros the mine area. Present thickness of the Home take fo rmation va ric from O to »400 fee t. The amount of thicke ning and th inning which is attributable to tectonic deformation or original sedimenta ry di fferences is not known. Orebodies constitute onl y a small pe rcentage of the Homestake Formation and do not occur along a pa rticul ar stratigraphic pos ition within the unit. Gold i assoc iated with inc reased py rrhotite and a rsenopyrite concentrations within the iron formation. Inc reased \ cin qua rt z development and chl oritic alteration usuall y accompany this minerali zation. Local remobilizati on of mine ralization due to metamorphi sm has occurred. Homestake mine ralization has been shown to be of sy ngeneti c origin . Because no feeder zones have yet been recognized a di stal source for the mine ralization is inferred .

Jan 1, 1986

By A. Farzanegan, D. A. Lowther, A. R. Laplante

"Off-line optimization studies are often necessary to improve the efficiency of grinding circuits. These studies are primarily based on the mathematical modelling of processing units (e.g., ball mills and hydrocyclones) and computer simulations. To complete an optimization task, process engineers must possess skills and knowledge of different subtasks involved in such efforts, e.g., plant audit, laboratory tests, and data analysis. Such know-how can be in part provided by Knowledge-Based Systems (KBSs). One such system, being developed in C Language Integrated Production System (CLIPS), is presented here, with focus on the estimation of ball mill selection functions for the purpose of both diagnostic and simulation, and its use for the optimization of ball size. Some of the interpretation and diagnostic rules will be presented, as well as grinding kinetics and classification data likely to fire them.IntroductionSince the late eighties there has been a growing trend in applying Knowledge-Based Systems (KBSs) to mineral processing [Meech 1990, Bearman and Milne 1992). Table l lists some KBS (often referred to as expert systems) applications that have been used mainly as tools for improving on-line monitoring and control of grinding circuits. However, there has been fewer attempts to add the symbolic processing powers of KBSs to conventional off-line grinding simulators. Figure 1 shows a relatively standard procedure to perform an off-line optimization study [Napier-Munn and Lynch 1992]. In brief, a typical program includes taking representative samples from a number of streams, running laboratory tests on collected samples, estimating model parameters which describe physical processing units (e.g. ball mills and hydrocyclones) validating model predictions and using models for simulation trials. One inevitably needs to be familiar with concepts of process modelling and simulation as well as various computer programs to be able to complete all steps of the study. Much of this ""expertise"" can be captured by KBSs, given their inherent capabilities for symbolic knowledge representation and manipulation."

Jan 1, 1997

By Sina Mostaghel, M. Guo, E. Klaffenbach

The current paper is focused on evaluating the behavior of copper in a copper production slag and the assessment of metal recovery possibilities. For this reason, thermodynamic calculations were carried out to determine the influence of parameters such as slag composition, temperature and oxygen partial pressure on recovery of non-ferrous elements. It was found that the formation of a solid face centered cubic (fcc) phase, mainly consisting of iron, limits the extent of reduction that can be achieved for an industrial process. However, it could be discovered that solubility of iron in the Cu-rich liquid alloy strongly depends on presence of other elements, particularly arsenic. As part of the results of this study, the solubility of Cu in the slag at onset of fcc phase formation is presented as function of temperature, oxygen partial pressure and concentration of MgO and CaO. It was concluded that lower temperature (1200°C) and higher CaO addition (16 mass-% in this study), would result in the highest achievable copper recovery from slag. INTRODUCTION Copper slag is produced as a by-product of the copper production process. The slag is still containing a high amount of copper and other valuable metals. This demands further treatment of the slag as a secondary source of metals. In addition, the physical/mechanical properties of slag allow its use in several applications such as hydraulic engineering, civil engineering, as an abrasive and many more. These applications help reducing the use of natural resources like rock and sand. By decreasing the content of heavy metals such as Cu, Pb, Zn and As in the slag, its application in abovementioned fields becomes more attractive as the probability of releasing these elements to the environment is further reduced. To develop a pyrometallurgical slag reduction process, it is necessary to understand what describes the end point of the reduction. This point is expected at maximum copper recovery without facing operational challenges. Existing literature provide some information on the effect of different parameters such as temperature or concentration of different slag formers, on solubility of copper and heavy metals in different phases. However, due to complexity of industrial slags, equilibrium experiments and accurate thermodynamic modelling are essential to be able to reliably predict the behavior of different elements in the system and determine the end-point of reduction.

Jan 1, 2019

By S. J. van Rensburg

Competition for resources, including water and arable land, refocused attention on water and gold tailings management with respect to quantity and quality. MINTEK established and validated an "Advanced Leach Facility" to record kinetic leach information aimed at gold refractory sulphide ores. This facility was developed because of the need for additional leach process information to enable proactive decision making. Instead of focussing on optimised gold recovery only, the impacts of pre-oxidation methodologies were evaluated by considering key parameters, including cyanide speciation, reagent consumption, thiocyanate, arsenic, heavy metals, salt loads, water quality and residue stability. Results from oxidative leaching of a refractory gold ore employing oxygen, ozone, ultra-fine grinding, high shear and pressure oxidation are discussed. The relative cyanide and lime costs and environmental and sustainability effects associated with these technologies are briefly outlined.

Jan 1, 2011

By W. Andrew Falls

Although we have yet to reach the midway point in the decade, the copper concentrate market has already witnessed some of the most volatile swings in history, moving from record high treatment and refining charges in 1991-92 to historic lows, in real terms, during the past year. What has been the cause for such volatility? By and large the swings can be attributed to factors of supply and demand in the "custom" copper concentrate market. For example, two relatively recent events which had a major impact on the supply-demand balance were the shutdown of the Bougainville copper mine in Papua New Guinea in 1989 due to rebel insurgency and the startup of the La Escondida mine in Chile in 1992. The first event, threw a balanced to slightly surplus concentrate market into a substantial deficit, forcing treatment terms down as smelters, caught short by the loss of concentrate supplies scrambled to cover their positions. The second event, brought over 300,000 mt per year of new copper in concentrate to the market, more than reversing the losses from the Bougainville shutdown. In combination with other additions to mine capacity via new mines or expansions, the custom concentrate market moved into a huge oversupply in 1991-92 and many mines found themselves unable to place uncommitted tonnage. But even this event was quickly overcome by the use of underutilized capacity at non-traditional buyers, such as those in the C.I.S., Zambia, or those which were not traditionally buyers of custom materials. All of this has happened in the space of five short years, a mere snapshot in the history of the market. I'll return to these points a little further on, but first I would like to review the fundamentals which govern the copper concentrate market.

Jan 1, 1995