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By David Berberick

"Hecla Limited’s No. 4 Shaft at the Lucky Friday Mine is the largest capital expenditure in the corporation’s 128-year history and is considered the deepest shaft in the United States. This paper will discuss the project’s history and lessons learned from the initial conceptual design work in 2007 through project commissioning in 2017. Change management was key for the owner, contractors, and vendors in delivering the operational and organizational success on the project. The No. 4 Shaft has extended the life of the Lucky Friday Mine by 21 years to 2039. INTRODUCTION The Lucky Friday Mine of Hecla Mining Company (Figure 1) is the oldest active (77 years) and deepest mine in the Coeur d’Alene mining district, producing approximately 725 tonnes (800 tons) per day from narrow, vertical, silver, lead, and zinc veins. Primary access into the mine is via the Silver Shaft, a 5.5-m (18-ft) diameter, concrete lined shaft sunk to an original depth of 1,890-m (6,200-ft). Current production is from the Gold Hunter vein system, approximately 1,525-m (5,000-ft) northwest of the Silver Shaft.Cut and fill stoping is currently employed at depths to 2.3 km (7,500 ft) below ground surface, making it one of the deepest mines in the western hemisphere. No. 4 Shaft is a 5.5-metre (18-foot) diameter, concrete lined circular shaft, constructed as a 1.2 km (3,860 feet) deep winze in the Lucky Friday Mine. The 2.4 m (8 ft.) diameter, double drum, double clutch, Siemag hoist and associated headworks are situated at the 4760 level, top station at 4940 and shaft stations at 5900, 6500, 6580, 7500, 7580, 8300, 8380, 8500, and 8620. Shaft stations reference depth below Silver Shaft top station. The 4 Shaft was designed, constructed and commissioned over ten years, between 2007 and 2017. Basic design work was completed by Nordmin Engineering, followed by detailed design completed by Cementation Canada. Shaft construction was awarded to Cementation USA and lateral development was initiated in early 2008. Over the course of the next nine years, the project was suspended and restarted twice, dealt with the loss of a miner, added scope including shaft depth and mine infrastructure facilities, experienced squeezing ground that required liner replacement, changed excavation section, and dealt with a final alignment that was not within design requirement for verticality. Hecla and Cementation were successful in delivering a facility that provides fully functional access from collar at 4940 level to shaft bottom at the 8620 level. Two active mining levels below the collar, 5900 and 6500 are accessed. In addition, the shaft provides access to the future mining level at 7500, skip loading facility at 7580 level, station and loading pocket cutouts at 8300 and 8380 levels, spill pocket at 8500 level, and shaft bottom pumping facility at 8620 level (Figure 2)."

Jan 1, 2019

By A. H. Mumin, A. K. Somarin, K. S. Oran

"Synvolcanic structures played a fundamental role in the genesis, morphology, and siting of volcanogenic massive sulfide ores and associated hydrothermal alteration in the Archean South Sturgeon Lake caldera complex. The most voluminous and persistent hydrothermal venting and massive sulfide deposition occurred along synvolcanic rifts and grabens associated with faults and tectonic fissures that created permeable fracture zones deep enough to access the underlying hydrothermal reservoir. The type of fracturing is highly variable and changes with the composition, competency, degree of consolidation, and alteration of host rocks. Synvolcanic structures and fracture styles also vary according to the amount and type of tectonic movement, including extension-related collapse, shearing and faulting perpendicular to the principal direction of extension, and orthogonal faulting and shearing. Permeable conduits were created by tension fracturing along fault zones, brittle deformation at the intersections of orthogonal faults, and by extensional fractures in stockworks. In texturally uniform footwall rocks, the distribution of alteration zones was controlled by the morphology of the structural conduit. In rocks with vertical and/or lateral facies, permeability, and competency changes (e.g., Lyon Lake graben), there was an additional stratigraphic control over fluid migration. Some crosscutting synvolcanic structures, alteration zones, and intrusions appear as stratiform units at the present erosion surface due to regional deformation and the present attitude of the volcanic stratigraphy.Hydrothermal mineral assemblages (e.g., quartz, carbonates, chlorite, pyrite, chalcopyrite) infilling structurally induced fractures provide good evidence of fluid migration pathways. However, mineralogy can vary significantly according to the fluid characteristics, host rock geochemistry, and subsequent metamorphic history of the area.Clearly, one of the best methods for locating volcanogenic massive sulfide deposits is to delineate the attitudes of synvolcanic structures, and explore those that show evidence of associated high-temperature hydrothermal mineral assemblages. Excellent exploration targets occur where synvolcanic structures with hydrothermal alteration intersect paleo-seafloor horizons."

Jan 1, 2007

By G. R. Rawsthorne

"The Con-Rycon mine is located on the north shore of Great Slave Lake in the Northwest Territories within the present city limits of Yellow-knife. Development work on the Con property started in 1936, resulting in a mine-mill complex which produced its first gold brick on September 5, 1938. Since that date 5,000,000 tons of ore have been mined yielding 3,000,000 ounces of gold. At present there are 220 employees at the mine.MineThe mine has 1.22 miles of vertical shaft, 41 miles of level development and 10 miles of inclined raises. There has been 1,000,000 feet of diamond drilling in search of ore. The temperature at the 4900 level (4400 feet below sea level) is 68 deg. F.The present mining method is cut and fill. The majority of the ore mined today passed through an internal winze before reaching the main shaft. The long haulage and double handling will be eliminated with the completion of a new shaft presently under construction to the 5800 level.MineralizationThe ore treated today is from the Campbell shear 1vhich is characterized by lenses and veinlets of coarse textured quartz containing some carbonate, sulphides and finely disseminated as well as visible gold. At the lower levels of the mine the arsenopyrite content in the ore is de-creasing with a~ increase in the levels of chalcopyrite and pyrrhotite."

Jan 1, 1974

The Santa Rita mine is located in north eastern part of Bahia in Brazil and is owned and operated by Mirabela Mineração do Brasil Ltda. Typical SABC circuit was designed as the preferred option for the 4.0 mtpa (500tph) to produce a P80 of 125um for flotation. Although the SAG was originally designed to operate with conventional radial pulp lifters, later it was fitted with Outotec?s Turbo Pulp Lifters ? TPL (Latchireddi, 2005). The milling circuit commenced commissioning on the 24th of October 2009 and the milling circuit achieved the nameplate capacity within days. with small and relatively simple measures to rectify. Since commissioning, the SAG mill has been working in fully autogenous grinding (FAG) mode with no balls (in contrast to the estimated 10% ball charge) and has been consistently treated up to 650tph. This paper examines the comminution design process, the operating philosophies, start-up experiences, post commissioning optimization and future development works. An evaluation of mill performance relative to the design criteria for the project life to date is also included.

Jan 1, 2012

By Gerald Blackmore

"This paper suggests that with the settlement of long-term contracts of fifteen years' duration, with prospects of extension, the coal mining industry has, for the first time, a complete commercial justification for large-scale planning.The labour costs of coal production over past years are analyzed and, with the acceptance of the premise that the basic shift rates are certain to rise in the years to come, the paper suggests that forward planning should provide &r capital investment to make a traditionally labour-dense industry into a capital-dense industry.Automated methods of manpower deployment and timekeeping and the monitoring of all equipment back to a central control point are discussed as ail-important means of obtaining maximum utilization of high-cost capital investment.Principles of payment of the work-force, and the utilization of equipment 24 hours a day, seven days a week and the maximum number of days a year, are dealt with as means of achieving maximum capital utilization. Some of the new technical underground and coal preparation problems which will undoubtedly result from the concentration of workings and maximum machine utilization are discussed, and the author makes suggestions as to how these might be solved.In short, the author predicts that if the coal mining industry is prepared to recognize the problems and invest in modern equipment backed by highly trained staff. then the outcome will justify the high capital investment involved. He stresses the importance of human communications in achieving this end."

Jan 1, 1970

By Flavio Rojos-Tapia, Samuel Sánchez-Pino, Marcelo Fernández-García, Samuel Sánchez-Baquedano, Rainer M. Imhof

"Pneumatic flotation was introduced to the Chilean copper mining industry in 1993 by Ingeniería de Minerales S.A., being implementation in 1994/95. The technology is based on the designs and development of Dr. Rainer Imhof from Germany and from Chilean copper processing experience.Pneumatic flotation has been successfully used for sulphide and oxide copper minerals and copper slag, iron ores (reverse flotation), gold and promising results with molybdenum as product. Extremely hard conditions were applied in flotation process such as roughing, cleaning, scavenging. Pneumatic flotation can be applied for any type of mineral which has to be separated by flotation. Even very dense and heavy slurries can be processed, the range of the particle sizes to be collected is very wide, and the number of cleaning stages needed normally is one in our experience until now.The good performance of the technique can be explained by the high gas hold-up and the very effective micro-turbulences which boosts the attachment to the bubbles changing dramatically the flotation time concept. Some economic high lights are: less energy consumption, less maintenance costs, simple and reliable to operate and it is required a small area to install the circuits.As a result of the Chilean mining industry experience, it can be concluded that the pneumatic flotation can be regarded as an excellent alternative to the conventional way of Mineral Processing.INTRODUCTIONDerived from seventies, works in Germany about pneumatic flotation with Prof. Simonis (Technical University of Berlin) and Prof. Bahr (Technical University of Clausthal), it has been developed an interesting flotation technology in Mineral Processing, with the designs developed by Dr. Rainer Imhof, who has been known for more than ten years (Imhof, 1998) by his contribution at Ekof, KHD, Allmineral and the actual company Maelgwyn Mineral Services where he is a Technical Director. Ingeniería de Minerales S.A. has been working ten years deeply involved with the technology developed by Dr. Imhof and is more than ten years experienced with pneumatic flotation, from Wits University and Mintek in South Africa (Sánchez, 1990), (Sánchez, 1990)."

Jan 1, 2003

By R. A. Ozerkevich, R. J. Voisey

"SherrGold's MacLellan V ne is located about five miles south east of Lynn Lake immediately to the east of the Keewatin River. (Figure # 1)The property is accessible by an all weather road, leading north from the provincial highway 391, which links Lynn Lake with the Town of. Leaf Rapids and the city of Thompson to the south.The MacLellan Mine (formerly the Agassiz property) was discovered in the early 1950's and optioned from Comiesa Corporation in 1979 by Sherritt. SherrGold Inc. was formed in September 1985. Sherritt then transferred the MacLellan Mine, 15 other gold prospects in the Lynn Lake area and the old Lynn Lake nickel-copper mill to SherrGold. At the same time Sherrgold entered into a management agreement with Sherritt whereby Sherritt would develop and operate the MacLellan Mine and conduct SherrGold's exploration activities.The ore body as outlined in the original feasibility study is expected to produce in excess of 300,000 ounces of gold and 450,000 ounces of silver over the next 5 years. However the deposit is open to depth and exploration is continuing on and around the main zone and the many satellite deposits.The start of construction of the MacLellan mine and mill was scheduled to phase in with the closure of the Fox copper-zinc mine located 30 miles west of Lynn Lake. The majority of the employees from the Fox Operation were either employed at the MacLellan mine or relocated to Sherritt's Ruttan Operation."

Jan 1, 1987

By S. Chung

Mining in highly stressed ground conditions has been an increasing challenge at the Brunswick mine. Over the past 30 years, two large regional pillars were established on the 1000 m Level to support the ground for safe extraction of the surrounding ore. The South Regional Pillar contains about 5 Mt of ore and the North Regional Pillar has about 3 Mt of ore. In the fall of 2000, mining activities were suspended following a series of ground movements around the South Regional Pillar along weak geological structures. After extensive geotechnical investigations, a decision was made to carry out a mass de-stress blast in the West Ore Zone (WOZ) to cut the principal stress across an area of 135 m along strike and 86 m high. At the end of July 2001, the WOZ mass blast was successfully initiated. Following this success, the mine decided to take a similar approach to de-stressing the North Regional Pillar (NRP). The final mass blast was taken in early February 2003. Advanced blasting technologies, including state-of-the-art electronic detonators and blast simulation, played an important role in achieving the successful blasts. The high precision of delay timing and long delay duration of the electronic detonators ensured accurate and reliable initiations of over 800 blastholes in the WOZ mass blast. Orica’s DMC_Blast (Distinct Motion Code) simulation code was used to study different blasting blocks for the desired timing in the initiation sequence. This paper describes the process of applying electronic detonators in complex blasts, and discusses how blast simulation results were interpreted to guide engineering design of the mass blasts.

Jan 1, 2005

By Ray Mason, Damien Label, Howard Bernier, Kevin McDermott, Kevin Coombs

"GeneralWabush Mines is an unincorporated joint venture of seven steel companies and Pickands Mather & Co. The mining and concentrating facilities are located in southwestern Labrador and the pelletizing and shiploading facilities are at Pointe Noire, 200 miles south, near the town of Sept-lies.The operation is based on a 5 ½ sq. mi. specular hematite deposit with a reserve of 375 million tons of concentrate. Annual production capacity is rated at 6 million tons of pellets per year. The final upgrading process utilizes high-tension separation of silica following wet autogenous grinding, spiral gravity separation and fluo-solids drying. The concentrate is railed in closed cars to Pointe Noire. The concentrate is reground dry and pelletized on Dravo Lurgi travelling grate machines to produce an oxide pellet with 65.5% Fe, 3.0% Si02, 1.95% Mn and 93.5% Tumble Index.HistoryPlant operations commenced in 1965 with a concentrator capacity of 5.3 million tons per year and a pelletizing capacity of 4.8 million tons per year. The original facilities for classifying the crude ore into fine and coarse fractions for storage purposes before reblending as autogenous mill feed were found to be unnecessary and were by-passed after plant startup. Capacity of the operation was increased to 6.0 million tons of pellets per year in 1968. This increased capacity required the installation of an additional160 cleaner spirals in the ore dressing plant, a new 5000 hp ball mill, three balling circuits and increased cooling air capacity in the pellet plant.In 1970, the regrind circuit in the pellet plant was converted to dry grinding and a significant reduction in grinding media consumption and maintenance costs was realized. A ninth grinding mill of 5000 hp capacity was installed to compensate for the reduced capacity in going from wet to dry grinding."

Jan 1, 2000

By A. H. Ransom, M. E. Robb

The Salmita Gold Mine is located 240 air kilometres northea t of Yellowknife on the east shore of Matthews Lake. Salmita is one of several gold showings which are regionally associated with the steep easterly dipping contact zone between mafic, intermediate and fe lsic volcanics to the west and overlying finely laminated argillaceous sediments to the east. The volcanic assemblage forms a narrow 2 m to 7 m wide north to northwesterly trend ing Belt of Yellowknife Supergroup Archaen greenstone rocks. The contact zone exhibits exhalite character and the increased sulphide content provides a di stinct VLF-EM , IP/Resisti vi ty and/or magnetic signature. Gold occurs at or near this contact in three main settings: associated with si liceous vein-like structures; with finely disseminated sulphides within ericitic altered upper fe lsic tuffaceous unit ; or with quartz in narrow shear zones within the overlying sediment . The B-Vein is of the former type with free mi ll ing gold occurring within a highly sil iceous zone having an average widtn of 1.69 m. Alteration is intense within the immediately su rrounding host lithologies and includes the development of si lica, carbonate, sulphide, sericite and chlorite with minor graphite, epidote. tourmaline and scheelite. The mineable zone above the 4th level (-200 m) ha an average strike of 160 m and is divided into three south plunging ore shoots separated by the regional Salmita Shear Zone in the south and by a low-grade structural hiatus in the north. Production from the B-Vein commenced in August 1983 based on a diluted in situ ore reserve of 140,000 t grading 26.6 git Au . As of December 31, 1985, a total of 131 ,537 t grading 27.8 git Au have been mined at a ra.te of 160 t per day and a 96.4 percent recovery, to produce 3,522 ,000 g (113,227 ounces) of gold . Current (January I, 1986) reserves total 45,500 t grading 37 g/t Au down to the 10th level (-500 m) .

Jan 1, 1986

By E. Henry, C. Mayer, H. Rott

Hangingwall deformation monitoring at Kiruna mine is a major concern for Luossavaara- Kiirunavaara AB (LKAB) since underground production is deepening toward the town of Kiruna. In the quest for more effective monitoring techniques, LKAB decided to evaluate the ability of satellite-borne synthetic aperture radar (SAR) interferometry to monitor ground subsidence by generating continuous deformation maps from satellite radar images. While adopted by other geoscience-related industries, SAR interferometry is still relatively untested in the mining industry. This paper describes the basic principles of SAR interferometry and describes how subsidence is monitored at Kiruna mine. The encouraging results are discussed as well as the benefits (continuous deformation mapping, low cost, fast, etc.) and limitations (sensitivity to snow and vegetation cover) of the technique.

Jan 1, 2004

By J. M. Simard, S. Morissette, P. Coursol, P. Mackey

A new, powerful model is presented that focuses on plant logistics and scheduling aspects of the smelting, converting, fire refining and casting operations at the Horne smelter. This plant complex is the largest custom copper smelter in North America. It handles a wide range of feeds and utilizes a number of proprietary continuous and batch technologies that require good scheduling in order to maximize plant capacity and efficiency. The present model was developed by Xstrata Process Support, in collaboration with the Horne smelter, and uses the Arena® software to evaluate the impact of a number of plant variables on the annual copper capacity of the plant. Model development was carried out by Xstrata Process Support, in collaboration with the Horne smelter, through the effective combination of process chemistry knowledge and detailed knowledge of the plant operation (including all material flows and transfers, as well as information such as operating on-line times, plant stoppages and also scheduled and unscheduled maintenance activities). A number of case studies were then examined, including the impact of anode furnace and casting cycle times on annual copper capacity and the impact of a one-crane mode of operation in the converter aisle, which normally operates with two cranes in service. The model predictions were found to match actual plant results very well. The present modelling of plant logistics and the scheduling aspects were found to add important dimensions at the plant with regard to projections of the real-life plant capacity. As demonstrated in the present case, this type of model and application can have a significant impact on optimizing operations at a given plant. This impact is particularly important in the current market environment, where emphasis is on maximizing plant output and lowering costs. These models can help yield the easily obtained gains that are clearly desirable in these times. Xstrata Process Support has developed Arena models for other operations and is available to explore new applications for a win-win situation at other plants, including mines and concentrator operations.

Jan 1, 2009

By D. M. Doyle

"The Strathcona Concentrator operations, the application of control systems in the crushing, flotation and tailing fill sections, and current and future computer control concepts are described in this paper.The computer has been used for reporting and monitoring roles and operating the on-stream analyzer since start up of the mill in 1968, while over the past twenty months, it has been used for process control. The systems which have been developed include:1. The blending of pentlandite concentrate with pyrrhotite concentrate to produce a special product of constant nickel analysis.2. The blending of cement with tailing fill to produce backfill of consistent cement content.3. The supervisory control of xanthate, frother and pH to the flotation circuits to maintain the nickel copper concentrate grade within narrow limits.IntroductionThe Strathcona Concentrator is currently treating 7,200 tons per day of an ore which contains nickel associated with the minerals pentlandite (28 -32% Ni) and pyrrhotite (0.3 -1.0% Ni). The ratio of the nickel minerals varies from 4 to 15 parts of pyrrhotite to 1 part of pentlandite over the orebody. The production of a high grade concentrate re4uires the separation of this small quantity of .oentlandite from the much greater proportion of pyrrhotite and gangue and is complicated by the presence of two pyrrhotite minerals differing in nickel content, floatability and magnetic susceptibility."

Jan 1, 1974

By Réjean Lévesque

SIDBEC-NORMINES a été incorporée en 1976. Depuis la fin de 1977, ses activités comprennent outre la concentration au lac Jeannine, près de Gagnon, du minerai de fer extrait du gisement du lac Fire, I'exploitation d'un atelier d 'enrichissement secondaire et une usine de bouletage à Port Cartier. L 'objectif principal de SIDBEC-NORMINES est de produire six millions de tonnes de boulettes d'oxyde de fer par année, dont trois millions auront une faible teneur en silice afin de répondre aux exigences de la réduction directe. Les installations de SIDBEC-NORMINES sont adjacentes aux installations portuaires de la Compagnie Minière Québec Cartier, à l'est de la ville de Port-Cartier. L 'ensemble est conçu pour produire les deux types de boulettes avec deux circuits d'agglomération installes en parallèle. La production de concentré enrichi (68% Fe et plus) est obtenue dans une usine d'enrichissement utilisant le precédé de séparation magnétique hum ide ahaute intensite (separateurs Jones). À l'usine de bouletage proprement dite, on effectue Ie broyage du concentré et sa mise en boulettes sur disques; l'in duration des deux types de boulettes est obtenue sur deux chaînes d'agglomération Dravo dont chacune a une capacité annuelle nominale de trois millions de tonnes.

Jan 1, 1979

By John Convey

"IRON ORE was first smelted in Canada about the year 1736 at Les Forges, Quebec -a most appropriate name for such a historic locale. During these early years of the 18th, 19th, and first quarter of this century, about six million tons of ore were mined and employed in the manufacture of items ranging all the way from kettles, stoves, and cannon for the early settlers to weapons of war for the allied armies of World War I.But this symposium on iron ore is not concerned with this early period. Instead, it is concerned with the iron ore industry of today -an industry which will soon be-come one of the two most valuable mineral industries in Canada.The subject in its broad geographic and economic aspects will be introduced by Mr. Buck; Dr. Harrison will describe the geology and origin of the principal iron ore deposits; Dr. Downes will go into beneficiation as it applies to iron ores; and Mr. Gertsman will discuss primary processing. The symposium will not deal with the steel end of the industry, because that phase itself could well form the subject of a symposium."

Jan 1, 1955

By Poul Hansen

"In mid-I986, a world-class mining enterprise was created in British Columbia, bringing together the copper mining operations of Lornex Mining Corporation and Cominco into a new entity, Highland Valley Copper. This paper will focus on the background and rationalef or the formation of this partnership, the resulting operating changes and the productivity and cost benefits expected.IntroductionSince the deterioration of the world copper industry in 1981, the future of the Lomex and Cominco mines in the Highland Valley of British Columbia looked increasingly precarious. Despite the expansion of the Lomex mill complex in 1981 to one of the world's most cost-efficient copper and molybdenum concentrators, persistent low metal prices had made the remainder of the ore in the Lomex orebody marginally economic and had significantly foreshortened the expected life of the operation.Cominco had acquired the Bethlehem Copper assets in order to consolidate its ownership of the Valley orebody, and was feeding the Bethlehem concentrator with ore from the Valley orebody. In spite of the high grade and free-milling character of the Valley ore, profitability of the Cominco operation was severely restricted because of the limited capacity of the Bethlehem concentrator and its location high on the hillside above the orebody."

Jan 1, 1987

By Carol J. Odell

As a mining social practitioner, social indicators are within the purview of required competencies. A situation, where the ER manager requested assistance in quickly deriving a few social indicators for the strategic plan motivates this paper: despite ample technical knowledge about indicators, a clear understanding of stakeholder aspirations and concerns, as well as familiarity with management priorities such a request required reflection to produce a satisfactory approach, which combined pragmatism with enough academic rigour to provide reliable measures, while being justifiable to management who are unfamiliar with many of the pertinent debates. Importance: Social indicators enable the identification of more and less effective mine-community engagement strategies as well as providing primary data to better understand how the mine-community social system responds to different interventions, thus guiding future engagement plans. In addition social indicators: ? Assist communication about social strategies with Engineering and Operations management, using a quantitative language that is familiar to them. ? Provides concrete data to engage stakeholders to discuss progress and challenges arising, to move discussions towards technically robust strategies and away from politically interested proposals. ? Finally, social measurement is required more and more in due diligence, covenants and ongoing monitoring in Independent Engineering assessments of projects for financing. This paper begins by considering some technical considerations that are useful to guide indicator development. It then introduces the field research informing this paper and discusses some useful results in the light of further applicable concepts from the literature. The paper ends by considering corporate aims in applying corporate social responsibility (CSR) programs and discusses the application of the research for practitioners at mining operations, in the light of these aims.

May 1, 2010

By Jean Rosaire

?GWIOP Location ?Climate and Physiography ?History ?Geology ?Deposit Types ?Mineralization ?Historical Mineral Resources ?Conclusions and Work Program

May 1, 2007

By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments. A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including respectable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects. Reflecting the observation of a wide range of views regarding the subject of inflation, this paper will-address the impact of five different approaches to inflation on the evaluation of a single Canadian mining project."

Jan 1, 1987

By Allan F. Lawrence

"I AM SURE you do not expect from me any learned dissertation on the problems and opportunities of the mining industry. Y our program committee must have recognized my limitations when issuing the invitation to speak to you, because they very thoughtfully left the subject wide open.With the leeway thus granted, I hope that you will bear with me for a few minutes while I try to clarify the impressions of the mining industry that I have gained in the very short time I have held the Mines portfolio and some of the parts that government bas or should have in furthering its development.As I see it, it is the duty of the Mines Department, as an arm of the provincial government, to balance the proprietary rights of all the people against the interests to whom the privilege of developing our resources are, in a s e n s e, leased. To strike a fair balance is not always easy, nor is it possible always to satisfy both sides. Still, under the free enterprise democratie form of government to which I think we al! subscribe, no better way of handling the problem has yet been discovered."

Jan 1, 1968