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By J. Tuzo Wilson

Abstract A division of part of the Canadian Shield into provinces believed to represent former mountain belts is attempted, special emphasis- being laid upon radioactive age determinations, the relation of Archaean to Proterozoic rocks, and the structure of the Grenville province. Original data on the distribution of radioactivity within several batholiths and their connection with ore deposits are' presented. The possible growth of continents and a theory which explains the shape and distribution of the world's younger mountain and island areas are discussed and applied to the Canadian Shield in an attempt to explain how the growth and present structure came about. The relation of the major mining camps of northeastern Ontario to fault zones is discussed in the light of this theory. Introduction The valuable symposium issued by this Institute to celebrate its jubilees emphasizes the important role of major faults in determining the location of many ore deposits in the Canadian Shield. Many of these faults are known to extend for long distances. It is therefore widely appreciated that it would be of great value if the pattern, ages, and causes of these faults were better understood. This would be particularly useful if the relations of the major fault systems to petrological and metallogenic provinces and to former mountain belts could be established. Each year the volume of available data, and hence the chance of reaching a fuller solution of this problem, increases. This article is a review of the present situation. It is accordingly based almost wholly upon the work and ideas of others, which are gratefully acknowledged. Naturally, responsibility for the selection and marshalling of the data is the writer's.

Jan 1, 1949

By Brian Flintoff

"When I was first asked to prepare this paper and presentation in late June, I thought it might be fun to ""step back and paint the bigger picture."" Having attempted to do this, fun is not the first descriptor that now comes to mind, and speaking dyslexically, I've had 'nuf.'Unlike Nostradamus, or even Orwell, I've discovered that I'm ""clairvoyantly challenged"" and not even the psychic hot-line was of much help, at least with respect to process control! I am somewhat comfortable speculating on evolutionary change, but the radical developments that will arise from revolutionary changes are well beyond my mortal capabilities. Even with evolutionary change, I'm reminded of the lessons of time series analysis which show the prediction error to grow exponentially as the horizon moves into the future. As Macluhan is reported to have said: ""Predicting the future based on the past is a little like driving your car while looking in the rearview mirror!""Having honestly presented my qualifications, allow me to try to look at process control and to offer some conjecture on where we're probably headed. In the end, it is said that: ""The plant of the future will have only two employees, a man and a dog. The dog will be there to keep the man from touching the equipment.1""IntroductionA little less than a decade ago Andy Mular and I co-edited a monograph entitled ""A Practical Guide to Process Control in the Minerals Industry."" The work was commissioned by the senior management of a consortium of Canadian mining companies, since it was widely perceived that control was an area of great economic potential, but one that had not been effectively tapped. The concern was that if the industry could not soon deliver on the ""potential"", the term may well have appeared in the epitaph of what was, to these men, a very attractive investment opportunity. I think it is fair to say that over the past few years process control has clearly established itself as an essential technology in plant operation and optimization. That isn't to say that we get it all-right, all-the-time, but, the circumstances are much different than they were. In the eyes of many, process control has attained the distinction of being considered a mature technology, even though there are still countless avenues for exploration."

Jan 1, 1998

By Carolyn Kenney, Jianjun Liu, Zhenghe Xu

"The flotation of fine particles has been a challenge to scientists and engineers in mineral processing. A novel concept of reactive oily-bubbles as carrier to float fine particles is described in this paper. The reactive oily bubble flotation is considered attractive for fine particle flotation. In addition to the role of fine particle agglomeration by oily films, the surface properties of air bubbles coated with a thin oil film can be better controlled for the desired selectivity by adding certain types and concentrations of water insoluble collectors into the oil phase. This approach can eliminate the addition of collector to the aqueous phase, avoid undesired synergetic interactions among collectors, activators, depressants and dispersants present in slurry, minimize undesired activation of gangue particles and significantly reduce the amount of collectors needed.The concept of using reactive oily-bubble to achieve selective flotation was demonstrated in contact angle measurement and by microflotation tests with fine sulphide minerals: sphalerite and galena in this paper. The flotation behavior of sulfide minerals can be radically modified with adjustment of solution pH, addition of depressant and activator as in conventional flotation. The successful separation between PbS/SiO2, ZnS/SiO2 and PbS/ZnS was demonstrated using mixed mineral systems. Compared with conventional flotation, the reactive oily-bubble flotation showed a stronger collecting power.INTRODUCTIONThe challenge for fine particle flotation has long been recognized and well documented (Fuerstenau, 1980). Because of drastic changes in surface properties of fine particles and associated physicochemical and hydrodynamic conditions of flotation systems, fine particles responded poorly to the conventional flotation processes. For instance, the small mass and hence low inertia of fine particles would result in a low efficiency of collision and attachment of fine particles with flotation bubbles. Large specific surface area of fine particles, on the other hand, would cause an increased reagent consumption. Dominating colloidal forces of fines may cause slime-coating, accompanying a low selectivity (Somasundaran & Arbiter, 1979; Fuerstenau, 1980; Sivamohan, 1990)."

Jan 1, 2003

By Robert B. Parsons

"The Canadian mining industry is not off to a good start in the 1993/94 budget season. Of the five provinces and territories to table budgets as of March 31, 1993, the industry's scorecard shows: one win, one tie, and three losses.IntroductionBy the end of March, five of Canada's twelve provincial and territorial governments had tabled their 1993/94 budgets. The mining industry is off to a bad start. The industry's scorecard shows one win, one tie, and three losses. Only Newfoundland appears to be paying any attention to the industry's concerns about the impact of taxation on competitiveness. It is particularly disconcerting to see that non-profit based taxes continue to increase, at a time when these taxes are the focus of a united attack by the entire industry.NewfoundlandFirst, the good news. On March 18, 1993, Finance Minister Winston Baker announced the following changes to the province's mining tax regime:"

Jan 1, 1993

By K. G. Chipman

IN 1936, the Department of Mines and Resources was formed by the amalgamation of the former Departments of Mines, Interior, Indian Affairs, and Immigration. In the amalgamation, the Geological Survey and the Topographical Survey became the major divisions of the Bureau of Geology and Topography, which is a part of the Mines and Geology Branch which, in turn, is a part of the Department of Mines and Resources. The Topographical Survey was formed by combining the former Topographical Division of the Geological Survey and the air and ground mapping sections of the former Topographical and Air Survey Bureau of the Department of the Interior. The latter organization, previous to 1933, had been known as the Topographical Surveys Branch of the Department of the Interior. The amalgamation of 1936 definitely placed on the Topographical Survey the responsibility for the original mapping required for the development of our natural resources. The war has brought upon us the situation where all work has had to be in the furtherance of the war effort. With decreased staff and limited appropriations, the mapping on those scales which are directly concerned with the natural resources has been confined to the search for oil and strategic minerals. The reconstruction period will produce a different situation, with different problems. The past is behind us and it is necessary to prepare for the future. First, we should consider briefly a few general principles in the making and using of maps, then take stock of what we have, see what the needs are, and consider how we are to meet these needs.

Jan 1, 1944

By S. Tuttle, R. Sisson

"Suncor Energy Inc. has proposed a 2.2 billion dollar expansion to the current oil sands operation, which will more than double the productive capability of the facility. As part of the application for this expansion, a comprehensive closure plan had to be developed and filed.Closure planning includes a systematic evaluation of the area to be developed, the development activities planned, the goals and objectives of the corporation in re-establishing landforms and ecosystems at the same time as running an effective operation. As early as is practical during the mine development, surface contouring is completed, soil is reconstructed, and vegetation, surface drainage and wetlands are re-established. Once active reclamation is complete and vegetation has been re-established, Suncor monitors maturation of landscapes and ecosystems to provide the submission basis for reclamation certification"

Jan 1, 1999

By F. Hassani, R. Mikaeil, B. Ferdowsi

Two analytical solutions for estimating the ovaling deformation and forces in circular tunnels are widely used in engineering practice, due to soil-structure interaction under seismic loading. This paper discusses the discrepancy between the two analytical and finite difference methods. A comparison of the two analytical methods shows that the calculated forces and displacements are identical for the condition of full-slip between the tunnel lining and ground. However, the calculated lining thrusts differ by an order of magnitude when considering no-slip between the tunnel lining and the ground. The analytical solutions are compared to numerical analyses of the no-slip condition using the finite difference method to validate which of the two methods provide the correct method. To achieve the goal, numerical modelling, field data of the Kuhin railway tunnel and Manjil earthquake characteristics are used. Numerical analysis results agree with one of the analytical solutions that provides a higher estimate of the thrust on the tunnel lining, thus highlighting the limitation of the other analytical solution.

Jan 1, 2008

By C. P. Browning

Copper, as far as we know, was the first metal used by man, and due to the fact that it occurs in many places in the 'native' state, and also to the ease with which it may be shaped, it has played an important part in the evolution of civilization. Copper tools with inscriptions dating back to 6,000 B.C. are known in Egypt, where the metal probably got its start as a useful material in human hands. Just how far back the use of copper in Canada dates is difficult to say, but it was in use by the Indians in the Lake Superior country long before the arrival of the first white man. For many generations the Eskimos also have used copper derived fr0m deposits of the native metal found in the Coronation Gulf district. Due to the metal's many unique qualities, imperishable with age, ancient implements and utensils are apparently as good today as when they were made, having withstood the onslaught of time probably better than objects of any of the other base metals. Copper alloys so well with other metals that today it is second only to iron in its industrial value. Even at the beginning of the eighteenth century the world's production of copper was probably not more than seven thousand tons a year, with Great Britain producing three-fourths of this. One hundred years ago the mines of the United States, Chili, Mexico, Canada, South Africa, Australia, and Tasmania, which now produce about nine-tenths of the copper of the world, were totally undeveloped. Ln 1926 the world production of copper was approximately 1,658,000 tons, which was seventy thousand tons greater than in the preceding year; but growing demand absorbed the increased production, so that the stock of rough copper throughout the world is comparatively small. Of this huge tonnage of the metal, Canada produced four percent, two-thirds of it emanating from British Columbia, nearly one-third from the Province of Ontario, and the balance from Quebec.

Jan 1, 1927

By Lian-Jin Tao

With fast development of China modernization, road construction obtains great achievement. However, in the construction process of highway, especially the high-grade highway in mountainous area, there are many unavoidable high cut slopes. Specifications for Design of Highway Subgrades, China, prescribe that the design scheme of slope with height more than 30m should be compared with bridge scheme and tunnel scheme economically. In spite of the existing guidelines, it is still quite common to see many high slopes due to engineering geological conditions, highway line shape, cost and issues related to traditional design ideas. Actually the traditional way with ?high backfill, the high cut? for mountainous highways seriously damages the original ecological environment and groundwater system, especially to those area with weak ecology, where the damage is unrecoverable. It is quite common practice to use artificial vegetation for cut slope virescence, however it still has problems such as low ratio of survivor, high maintenance cost and lack of species diversity. Now people are more and more aware of the importance of ecological environment, it becomes urgent to decrease the damage to ecological environment after ensuring the stability of high slopes. With the aim to reduce ecological damage, we proposed a new design approach which is ecological environment friendly by decreasing cut slope height with steep excavation scheme. This approach requires that (1) the geological condition is good, and the rockmass can be sTable itself; (2) excavation should not badly damage the rock, which means blasting must be controled by using buffer blasting, smooth blasting and pre-splitting blasting; (3) if local geological condition is not very good, excavation should have intervals for one bench, the advised space is 20m; (4) to ensure the slope stability in construction process, the cut slope should be reinforced more strongly than usual and in time. Finally, the deformation of the slope and the working condition of the reinforcement structure should be monitored to ensure the slope stability. The new design is used to a roadside cut slope of provincial trunk highway S223 in Guangdong Province. Based on intensive geological investigation and borehole tests, it is found that the slope rock mass is intact and sound, and the rock strength is quite high. Results from numerical modeling by UDEC reveal that compared with the traditional design scheme with 90.23m high slope, the steep scheme with only 23.46m high is characterized by its relatively large deformation and stress concentration, however the influenced area only appears at the upper slope and tends to sTable. With cable reinforcement, the stability of slope excavated steeply can be guaranteed. Deformation of the slope and the cable force are monitored in details in the period of construction, which show that the deformation of the slope decreases gradually and the final deformation is very small, and the cable tensions change small after the cables were tensioned. It is optimistically estimated that the steep slope should be sTable during operation. Comparison analysis between the steep scheme and the common scheme affirms that the steep excavation is better than the traditional scheme in terms of ecological environmental effect, slope height, the excavated amount, the excavated quantity of slope surface, engineering cost. It is concluded that if geological condition permits, the steep cut scheme should be used with better benefits.

May 1, 2009

By Chuck Edwards

Whatever your opinion of the validity of the scientific case for global warming, or of the wisdom of the Kyoto Protocol, it would seem judicious to err on the side of caution and try to sensibly minimize global climate change. To this end, we should take prudent steps to minimize our emission of greenhouse gases. Cameco is the world's leading supplier of uranium for use as fuel in nuclear power plants. Cameco’s uranium production fuels nuclear power plants in 16 countries. Nuclear power plants generate clean electricity without greenhouse gas emissions. This presentation describes the role that uranium and nuclear power can have in meeting the growing demand for electricity and at the same time combating global climate change.

Jan 1, 2004

By R. Venugopal, Saxena. V. K., U. Sankrityayan

"There is a dire need of a technology which can break the mineral interfaces to enhance liberation with minimum energy consumption in mineral beneficiation processes. Understanding of mineral crystal system and interfaces is essential to develop such methodology. So, this study is carried out to find out the role of mineral crystallography in milling and liberation. Data related of mineral crystallography, Vickers Hardness Number, Bond Work Index and beneficiation processes were collected from literature and detailed statistical analysis has been carried out to establish a correlation among these parameters. It was found that atomic weight and cell parameters shown statistically significant relationship with Vickers Hardness Number of minerals, which controls the milling characteristics of ores. Liberation characteristics of five different kinds of ores were analyzed considering the types of interfaces between valuable and gangue minerals. It was found that phase interfaces play vita role in liberation and coarser liberation can be achieved in the minerals of incoherent crystal systems like manganese and zinc ores. Study of this subject can help us to understand the effect of stress wave propagation in solids and its effect on crystal interfaces. It can also help us to design a technology of future to break the mineral interfaces.INTRODUCTIONCommunition is energy intensive mineral processing operation and consumes up to 2% of the total electric power generated in the world. Energy consumption due to comminution is increasing every year as there is growing needs to exploit lower grade ore bodies and process rejects (Blazy et al., 1994; DOE, 2005). Low grade ores require crushing and grinding to liberate the valuable minerals which are further separated from gangues by various beneficiation methods like gravity separation, floatation, leaching etc. Currently, comminution methods are selected based on the reduction ratio and energy consumption but effect of grinding methods on subsequent processing methods specially on liberation also need to be studied to optimize the entire beneficiation process. Most of the attempts made in past to minimize the energy consumption in milling to enhance the mineral liberation were focused on compression mechanism, chemical additives, thermal treatment, microwave treatment and electric disintegration (Kilpelm and Austin, 1982; Norgate and Weller et al, 1994; Bearman et al., 1997; Kumar et al., 2010; Wang el al., 2011; Singh et al., 2012). But the role of mineral crystallography on milling and liberation behavior of minerals not fully explored yet."

Jan 1, 2013

By K. S. Kalenchuk

Massive landslides display complex deformation processes. For instance, slope movements of the Downie Slide, monitored using borehole inclinometers, extensometers, and survey monuments, show considerable spatial and temporal inconsistencies in the displacement rates. This study assesses the influence that inferred shear surface geometry, as a key factor contributing to variable slope movements, has on resolving spatially discriminated slope deformations in three-dimensions. Borehole data defines the shear surface location at discrete points within the slide and therefore, the shear surface geometry for the extent of the slide must be largely inferred. A series of three-dimensional numerical simulations have been run to assess the effect of different interpretations of the shear surface geometry. This investigation illustrates the importance of rigorous geospatial definition of slip surface geometry and the value of three dimensional modelling.

May 1, 2009

By Karina Forster

Rock mass characterisation is a critical component of effective stope design. Unexpected excessive stope dilution or uneconomic stope sizes can be the result of rock mass characterisation that is not representative of actual stope conditions. Comprehensive characterisation of the rock forming the stope hanging wall, back, ends and footwall is best done by a rock mechanics or ground control expert, however, this is time consuming and is often limited by available access. There are two general approaches for characterising a stope hanging wall for dilution estimating. Detailed classification and mapping data can be collected in local areas where good exposure is available. Personnel, exposure and time are usually not available to do a thorough analysis for all stopes. The stope hanging walls are then broken into lenses or domains and similar conditions are assumed for each area. The second approach consists of using readily available data such as RQD. Other rock mass properties which influence hanging wall behaviour are estimated based on back analysing a few case histories. Stope design is then based on the variability of the one parameter, such as RQD, that is consistently measured for the rock mass surrounding the ore body. This paper presents a third approach which looks, in depth, at the interpretation of geological core logging data for rock mass characterisation. Several rock mass properties that influence stope design, such as joint alteration, rock mass strength, joint spacing and orientations, have been linked to data collected by the mine geologists. This drill hole logging data was calibrated against underground mapping and used to back analyse the dilution prediction for mined-out stopes.

May 1, 2006

By A. C. Wilson

In 1991, local prospector C. ?Mickey? Clement recovered at least three alluvial diamonds from the Michipicoten River. Two of these stones were sent to the Department of Mineralogy, Royal Ontario Museum, where they were identified as industrial grade diamonds with weights of 1.05 and 1.13 carats. Both stones were described as frosted and graphite-inclusion riddled. In 1995, prospector Sandor Surmacz and geologist Marcelle Hauseux discovered diamonds in bedrock approximately 20 km north of the Michipicoten River. An 18.1-kg bulk sample of a xenolith-rich lamprophyre, taken from an outcrop at the side of the Trans Canada Highway north of Wawa, yielded 1 macro diamond and 5 micro diamonds. All but one was gem quality (Sage 2000). Since then, more than 36 occurrences of diamonds in bedrock have been reported in an approximately 30 km2 area centred 20 km north of the town of Wawa. The occurrences are hosted within a sequence of unusual, Archean-aged, heterolithic breccias previously considered to have no economic significance. Ten kimberlite occurrences also have been confirmed in the Michipicoten greenstone belt in the last 5 years. Two of these kimberlites are diamondiferous. To date, expenditures on property acquisition and diamond exploration in the Wawa are estimated at $120 million (CAN). This paper summarizes the geological observations made on these occurrences and discusses including the relationship between the occurrences and the regional geology.

May 1, 2003

By E. Bongajum

We present results from petrophysical studies to characterize a Zn-Pb-Ag deposit in Nash Creek, New Brunswick. The measurements are part of an integrated study that includes geological and geophysical data acquired on the property. In order to successfully characterize the ore body, an understanding of the relevant physical parameters and their change with vertical and lateral variations of the target lithology is necessary. The quality of the estimated 3D variation in the physical properties is supported by the presence of several boreholes that randomly span the survey region. Density was measured from cores of thirty-two boreholes across the area. Seventeen of these boreholes constitute two intersecting borehole profiles, which is ideal for locally modeling the 3D distribution of the ore deposit. High densities (>3.2g/cm3) correlate strongly with Zn-rich mineralization zones (low resistivity). Compression and shear wave velocity measurements made from representative core samples of the regional geology range from ~2.91 to ~6.41 km/s for P-waves and from ~1.41 to ~4.20 km/s for S-waves. The lower bounds of these velocity values correspond to regions with a high degree of alteration. Moreover, porosity estimates from rocks on the property suggest that porosities range from 0.35% to 11.79%. Induced polarization (IP) measurements confirm that mineralized samples show a significant chargeability and resistivity contrast with respect to the host rock. Thus, chargeability and resistivity information can be combined to adequately identify conductors associated with mineralization in electrical survey data. Information on these physical parameters and their 3D statistical distribution have serious implications on various aspects of mineral exploration that include: resource estimation, choice of geophysical data acquisition and interpretation, and information for preliminary rock stability assessment.

May 1, 2009

By Terry Keough

Contents for discussion ?Current liner technology ?Innovation of magnetic products ?Development of magnetic wear liners ?Installation and change out method ?Uses and capabilities ?Internal wear liners ?Summary Vulcanized rubber ?Many of you are familiar with using vulcanized rubber to provide wear protection on mining equipment. For years, this was the standard for most mining equipment, and mines spent a lot of money fabricating and lining steel equipment.

May 1, 2010

By Marcel M. Djivre

Electromagnetic wire rope testing is the only practical non-destructive method to evaluate the current condition of wire ropes in general, and in the mining industry in particular. The method has been successfully used worldwide for decades. In mining it has considerably improved the safety of operations. Yet, problems persist. In particular both the Loss-of-Metallic-Area (LMA) readings, as well as the Local Fault (LF) readings, as obtained by different instrument operators, were found to be unacceptably diverse. Consequently, large sums have been spent internationally, as well as in Canada, comparing a whole range of these instruments in an effort to rate their performance. The published results clearly confirmed operational experience, namely that the LMA and LF readings were, indeed, unacceptably diverse. Excellent pertinent conclusions were also published. In Canada the authors? conclusion was that while the divergence in the LF signal based results could, possibly, be attributed to both hardware and human-error related factors, the LMA signal related quantitative uncertainties were human-error related. Consequently, much attention was paid in Canada to developing novel control methods, namely computerized ones to replace the more error-prone analogue ones. In addition new sensor-heads were developed, both for portable as well as for permanent installation with remote control operations. While these efforts were of considerable benefit, the situation must again be carefully reviewed with very special reference to deep-level mining, now of immediate concern in Canada as well. In this paper the authors supply an overview of the results obtained by three of the four major international projects referred to previously. Relevant conclusions/comments are also restated. Moreover, specific recommendations are put forward as to how current problems might best be remedied.

May 1, 2004

By H. A. Schnell

"The Phase I Mill at Cluff Lake in northern Saskatchewan was designed to accommodate a very specific high grade uranium ore. As this high grade ore was depleted, construction was undertaken on a new mill circuit (Phase 2) to process a more conventional lower grade ore deposit.The Phase 2 Mill expanded the ore throughput to 800 tonnes per day. The new process employs crushing, grinding, leaching, counter—current decantation, solvent extraction and magnesia yellowcake precipitation and drying to produce a yellowcake concentrate.This paper discusses the process decisions required for this expansion and outlines the new mill circuit. Included is a review of the start up in August, 1984.1.,INTRODUCTION The Cluff Lake Uranium deposit is located 720 kilometers north of Saskatoon in northern Saskatchewan. A high grade deposit was discovered in 1970 with the first production taking place in 1980 after lengthy hearings. The original mill (or Phase 1 Mill) was specifically designed to accommodate this very high grade ore for a very limited plant life.Pilot plant work was carried out in 1981 on the other lower grade ores found in the immediate Cluff Lake area. Feasibility and process selection studies were then undertaken as the Phase 1 mill was nearing its end of life. These studies were completed in March 1983 when approval was given to construct the new Phase 2 mill."

Jan 1, 1985

By Nicholas Macrae Steven

Abstract - The Shaba-type Luamata Cu-Co(-Ni) deposit (11°50_S, 24°28_E) is located in a tectonic slice of Katangan Roan Supergroup (Mines Group) sedimentary rocks, surrounded by younger Kundelungu Supergroup lithologies in the external fold and thrust belt of the Lufilian Arc. Luamata is a classic central African copper clearing in dense woodland, visible as a tonal botanical anomaly on Landsat imagery. Supergene Cu-Co mineralization (especially malachite and subordinate chalcocite, digenite, covellite, and copper and cobalt oxides) and, probably hypogene, bornite, and chalcopyrite are hosted by altered, but essentially unmetamorphosed, moderately dipping, dolostones and dolomitic shales. Alteration products include talcose dolomite, sericite rocks and intense silicification and brecciation. Friable yellow shale is best mineralized with cobalt (up to 0.43 wt%), whereas, highest copper grades occur in brecciated, silicified shale (up to 13.5 wt% CuO). Soil copper and cobalt contents are up to 2.2 and 0.6 wt%, respectively. A newly identified nickel zone (where soil contents exceed 0.1 wt% Ni) fringes the Cu-Co deposit. Polymictic, matrix-supported breccias with a calcareous matrix that underlie the Cu-Co deposit are interpreted to be fluidization breccias related to thrust tectonics and the emplacement of the Mines Group slice. Although small compared to the Kolwezi district Shaba deposits in the Democratic Republic of the Congo, Luamata exhibits all the classic features of an ore deposit type (with low calcite contents), whose high metal concentrations could potentially be very profitably exploited by low-cost opencast mining and hydrometallurgical recovery methods.

Jan 1, 2000

By David D. Davidson

Commodities remain hot for the time being, but for how much longer? The bulls point to global economic growth lead by China?s insatiable demand for raw materials. To further emphasis the bullish view they point to the emergence of India for follow through demand. The bears remain convinced China?s growth is unsustainable and with higher interest rates and high oil prices, the United States economy is poised to slow. Both groups can make a convincing argument and both will be proven right in the fullness of time. Profitability and balance sheet strength for the mining industry has rarely been better. Is this a time to be bold or cautious? In this paper, the author will address the dilemma facing today?s management as they pursue growth and try to minimize risk.

Apr 1, 2005