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By I. B. Lambert

The guide has been developed by officials from resources and environment agencies in the Australian Government and the South Australian and Northern Territory Governments. It elaborates on the Australian Government?s policy that new uranium mines are to be approved subject to world best practice environmental and safety standards. The guide outlines the best practice principles and approaches that apply generally to mining in Australia, before giving more detailed consideration to best practice environmental protection and regulation for ISR mining.

Aug 1, 2010

By R. E. MacAfee

THERE have been great changes in the design, capacity, and pressure of steam generating units over the past fifty years. If we go back as far as 1890, the plants then existing were largely horizontal return tubular boilers, hand-fired, with the boilers supported on the brick sitting which was com-posed of red brick with, probably, a refractory lining one brick thick in the combustion chamber. About this time, the water tube boiler began to supplant the H.R.T. boiler and, where new plants were being constructed of any size, water tube boilers were largely installed. In those days, say from 1890 to 1905, a 250 h. p. water tube boiler was considered a large unit. These boilers were largely the straight tube type and were set with the first row of boiler tubes three to six feet above the grates. The brick setting was a combination of red brick and fire-brick. The fire-brick lining in the furnace proper was usually 9 in. thick and in the first pass 4 1/2 in., while the rest of the setting was entirely red brick. These units were largely hand-fired and were expected to produce about 100 per cent rating as a maximum. It may be well at this point to define rating, which is the evaporation of one boiler horse power per hour by each ten square feet of heating surface in the boiler. A boiler horse power is the evaporation of 34.5 pounds of steam from and at 212°F. Consequently, a boiler containing 2,000 square feet of heating surface is rated at 200 h. p. and the evaporation at 100 per cent rating is 200 X 34.5, which equals 6,900 pounds of steam per hour from and at 212°F.

Jan 1, 1939

By G. S. Barry

INVESTIGATIONS to date have shown that, should there be the need or the appropriate economic stimulus, Canada's mineral resources are sufficiently extensive to allow considerable expansion of its non-fuel mineral industry, during the remaining part of this century and possibly beyond (1, 2). The availability of sufficient capital will be one of the critical factors which will determine whether this potential will be fulfilled. The following analysis centers on the capital requirements of the Canadian non-fuel mineral industry under one set of basic assumptions of capacity growth, cost of new and replacement capacity, rates of depletion and depreciation of mines and plant, and the cost of exploration and infrastructure. Mindful of the fact that exploration and development will not thrive in Canada unless a very positive approach is taken, the writers make no apologies for being "optimistic" about long-term production prospects. Furthermore, in the event that world demand does escalate as anticipated and the forecast realistically attainable levels of Canadian production are not reached, then Canada will not have reaped the full range of economic benefits available, and opportunities will have been lost. Projections for Canadian production between 1976 and 2000 are essentially based on the forecast published in the 1974 paper, "Towards a Mineral Policy for Canada - Opportunities for Choice (3), with some updating on the basis of recent developments.

Jan 1, 1977

Arguably the SMC Test® has become the most popular laboratory hardness test in the world with over 17,000 tests having been completed to date, covering over 650 different ore bodies. It is now routinely used in design, optimisation and orebody profiling projects. The test is unique in that from relatively small amounts of drill core it simultaneously provides parameters that are used in simulation modelling of AG/SAG and crushing circuits as well as work indices that are used in power-based equations for predicting the specific energies of AG/SAG/Crushing and HPGR circuits. The very large data base that has been accumulated has provided the opportunity to study the differences in variability from deposit to deposit. This paper describes and discusses the trends that have become apparent from the study of this data base. Recommendations for appropriate selection of sample numbers are also made which are based on these trends.

Jan 1, 2012

By D. Berkley

"Economic and environmental constraints drive more and more industrial organizations in using energy management as one of the means for addressing these issues. The recent increase in energy price could even make energy management a matter of “survival” in some cases.Experience shows that energy management is successful when the energy is managed like a resource, i.e. continuously, systematically, and in an organized manner, not like an expense, paying the bills once a month. This requires the development and implementation of an energy management program (EMP).This paper outlines some of the barriers, keys to success, components, and approaches to a successful energy management program, plant- or corporation-wide."

Jan 1, 2005

By Michel Mellinger

This paper presents preliminary results of a project aimed at obtaining a better understanding of the genesis of gold mineralization in northern Saskatchewan using lithogeochemistry. The properties sampled were: Weedy Lake (B Zone), Waddy Lake (Komis Zone) and Wedge Lake (Twin Zone) in the La Range belt, and the Rio mine in the Flin Flon area. Although the three vein-type deposits rudied here (Weedy Lake. Waddy Lake, Rio deposit) occur in different geological situation . a common gold deposition mechanism appears to have been active at all three location . Hydrothermal fluids carrying sulphur in solution in exces of gold thio-complexes moved through fractured host-rocks until they reached a site where pyrite precipitation wa triggered. As pyrite precipitated, the a/ aAu activity ratio of the fluid decreased. until a critical thre hold was reached and gold thio-complexe were de tabilized . resulting in the co-precipitation of gold and pyrite. The conditions triggering the precipitation of pyrite appear to have been: the abundance of iron in host-rock ~ilicates at Waddy Lake. and temperature decrease upon the reaching of structural trap~ at both Weedy Lake and the Rio deposit. with additional involvement of carbonatizationrelated reactions between fluid and host-rocks for the latter. In addition to pyrite precipitation , potassic alteration of the mafic metavolcanics is observed at Waddy Lake. while at the Rio deposit, the extensive carbonatization of the host-rocks i coupled with the deposition of chlorite that may have been remobilized from the altered mafic host rocks. In both the B Zone at Weedy Lake and the Komis Zone at Waddy Lake, a di tinct vanadium signature give some clue about the direction in which the hydrothermal fluids have moved . and the interpretation made is con istent with the geological ituation in either case. As for the Wedge Lake deposits, the distinct base metals-precious metals a sociation within a sulphide-facies iron formation confirm the volcanic exhalative origin of this gold mineralization .

Jan 1, 1986

"The ventilation-related risks from mines with elemental sulphur include dust explosions, spontaneous combustion with emission of heat and toxic sulphur dioxide or hydrogen sulphide gases, reactions with nitrates, corrosion, acid water, and pyrophoric reactions with naked iron or other metals. Elemental sulphur will form explosive mixtures in air at lower dust concentrations and at lower ignition temperatures than coal or sulphide dusts. Potential controls include primary ventilation circuit design, control of dust deposition and static discharges, enclosing steel surfaces, inert stone dusting, FRAS ducting, humidifying the air, alternate stench gas, self-contained self-rescuers with goggles, careful siting of underground infrastructure, controls on explosives formulations and procedures, mining method selection, controls on surface temperatures and protection of equipment, careful materials selection for ventilation seals and changes to worker clothing and training.INTRODUCTIONSulphur (“Brimstone” in biblical times) is one of the world’s most important industrial feedstocks and is used in a wide range of chemical processes and industries. Until the early 20th Century, most of the world’s production of sulphur came from ‘conventional’ underground mines in Sicily (Demetra produzioni, 2006; Bellia, 2006). This was a hazardous activity. The Frasch solution mining process replaced traditional underground mining of sulphur until the late 20th Century. Most of the world’s production of elemental sulphur is now as a by-product from sour gas produced in petroleum refineries and natural gas installations (Anon, 1993). As such, there is considerable experience in understanding and managing the hazards of elemental sulphur in chemical plants and surface transport.Whilst rare, underground mines with high elemental sulphur contents (as a gangue mineral) create an unusual range of mine design and operational issues, including many ventilation-related ones. The key hazards from elemental sulphur include: primary and secondary elemental sulphur dust explosions, fires and burning (with emission of heat and sulphur dioxide or hydrogen sulphide gas), reactions with nitrates used in explosives, corrosion of steel and other metals, generation of acid water (especially at higher water temperatures), and pyrophoric reactions with naked iron (e.g., ground support, ladderways or underground fixed plant) or other metals including silver and copper (e.g., used in electrical components and equipment)."

Jan 1, 2019

By V. P. Mehrotra, D. W. Fuerstenau, A. -Z. M. Abouzeid

The use of pulverized coal for electric power generation results in the production of vast amounts of fly ash. One potential use for waste fly ash is the production of pellets for lightweight aggregates. This paper is concerned with the role of the physical and chemical characteristics of two different fly ashes in governing their agglomeration or pelletization behavior and their strength characteristics. In batch balling experiments, fly ash pellet growth was found to be extremely sensitive to the amount of moisture added. One ash (Mohave) exhibits marked pozzolanic activity whereas the other (Jim Bridger) does not. The pozzolanic activity has a very pronounced effect on pellet growth kinetics, moisture requirements, and the effect of various additives on growth kinetics. Slow drying under ambient conditions produces strong pellets from Mohave ash whereas Jim Bridger ash pellets lacking in pozzolanic activity are weak. Rapid drying at high temperatures results in weak pellets because water necessary for hardening is driven out of the pellet. Steam curing enhances pellet strength. Locked-cycle pelletizing experiments exhibit expected oscillation in pellet production rates and attendant fluctuations in pellet green strength.

Jan 1, 2004

By Andrzej Luszczkiewicz, Magdalena Duchnowska, KGHM Polska Miedz S. A., Witold Pawlos, Jan Drzymala, Alicja Bakalarz, Przemyslaw B. Kowalczuk

Numerous data in the literature confirm that the chemical composition and consumption of grinding media influence electrochemical properties of flotation suspension as well as effectiveness and selectivity of upgrading processes. During a milling process, attrition of grinding media is observed. Depending on the susceptibility to abrasion, the grinding media influence, to a different extent, the redox potential, pH as well as flotation efficiency. As a result, different upgradeability of sulfide minerals is observed. The paper presents laboratory scale flotation results, obtained for the copper sulfide ore from Polkowice Region of KGHM Polska Miedz S.A. in Poland ground in the presence of forged steel, highchrome iron and stainless steel as the grinding media. The investigated flotation feed contained 36 g/t (ppm) of silver and 1.86 % of copper. Several flotation tests were conducted using fixed amount of frother and a mixture of sodium ethyl and isobutyl xanthates as the collector at three different doses of 75, 100 and 125 g/t. A comparison of the obtained results confirmed that the application of grinding media with different chemical compositions influenced the electrochemical properties of the suspension and recovery of silver and copper in the final concentrate. The highest values of redox potential were observed for the stainless steel as the grinding medium. Moreover, in the presence of this type of grinding media, regardless of the collector dosage, the best silver upgrading was observed. For the forged and high-chrome iron media, the recovery of silver depended on the collector dosage. It is indicated that higher levels of the redox potential, together with smaller amount of iron released from the grinding medium, improve the flotation of the silver-bearing mineral compounds from the copper sulfide ore.

Jan 1, 2016

By F. Khomamizadeh

In this study the effect of solidification rate, T6 and T7 heat treatments on thermal fatigue resistance of A319 aluminum was investigated. Increasing of the solidification rate improved the thermal fatigue resistance of the alloy by refinement of the microstructure. The most sensible areas for thermal fatigue crack growth were the eutectic zones, T6 and T7 heat treatments improved the thermal fatigue resistance of the alloy by enhancing of the matrix resistance against the crack propagation. The slight reduction of the thermal fatigue resistance after T7 heat treatment is attributed to coarsening of the precipitates which reduces the matrix resistance.

Jan 1, 2005

By T. A. Chepushtanova, I. U. Motovilov, V. A. Luganov, G. D. Guseynova

"Kazakhstan has significant reserves of oxidized nickel ore with low nickel content. Processing of such ores is effective via pyrometallurgical technologies such as smelting to ferronickel or matte with consecutive extraction of metals from melting products. There are also many options for direct hydrometallurgical processing. However, they do not provide high nickel recovery.We studied extraction of nickel and cobalt by using combined technology of low-grade ore processing from the Shevchenko Kazakhstan deposit, which includes smelting to poor matte followed by hydrometallurgical processing of the matte. The nickel content in the initial ore was 0.75–0.9%. Pyrite concentrate of Sokolov-Sarybai Kazakhstan deposit containing 0.17% cobalt and 0.06% nickel had been used as a sulphidizer at smelting.As a result of the study, we were able to extract up to 98% of the nickel and up to 80% of the available cobalt. Obtained matte contained 3.1% nickel, 0.29% cobalt, 71.6% iron and 24.3% sulfur. Matte leaching was carried out by hydrochloric acid. The iron content in the pregnant solution was 170–185 g/dm3. Nickel and cobalt precipitation from the pregnant solution was carried out by hydrogen sulfide. Initial matte or cast iron was used as neutralizers during the process. Practically complete precipitation of nickel was achieved at 3–5% excess of neutralizer at 333–343°K in 4 hours; up to 95% of cobalt precipitation was achieved in 50% excess of neutralizer at 363°K in 8 hours. The purified solution contained 200–600 mg/dm3 of nickel, 80-100 mg/dm3of cobalt and 175–185 g/dm3 of iron. The purified solution allows to obtain iron oxides by high-temperature hydrolysis, and to regenerate hydrochloric acid.As a result of non-ferrous metals precipitation we obtained sulfide concentrate with concentration of Ni up to 25% and concentration of Co up to 5.5%. The technology is recommended for semi-industrial testing."

Jan 1, 2016

By Ivor da Cunha

Ontario Mining Association (OMA) represents 57 members that are engaged in exploring, producing & processing mineral resources in an environmentally responsible manner. Conservation Bureau at the Ontario Power Authority (OPA) develops, coordinates and stimulates commitment to electricity conservation and demand management programs ? OMA selected compressed air optimization for high impact cost savings and energy efficiency potential ? Ontario Power Authority (OPA) provided $218k funding for $532k project ? Commenced summer 2006, Final Report June 2007 ? Three representative sites participating: ? Williams, CVRD Inco & FNX McCreedy ? Different levels of energy management ? Small, medium and large mining operations ? Different corporate practices and culture

May 1, 2007

By Yvon Trudeau, Deni Raymond

"The Orion gold mine, located 7 Ian northeast of the town of Malartic, Quebec, was discovered in mid-1985. Underground exploration was undertaken in 1986 leading to commercial production in 1988. The upper part of the orebody was exploited above the 125 m level and a total of 131 090 t at an average grade of 5.31 g/t gold were extracted.This paper describes the authors' current knowledge and interpretation of the geology, gold distribution, and structure of the Orion No.8 ore zone deposit. The deposit is an epigenetic lode gold occurrence somewhat unique in that both quartz-vein type and pyritic type of gold ore occur side-by-side. It is located within the Marban-Noriartic Deformation Corridor (MNDC) formed during a first deformation stage (D1) The MNDC is a well-defined regional structural feature in the Val d'Or - Malartic mining camp. Primary gold mineralization is associated with the D1 event and is represented by pyritized, silicified and brecciated basaltic lavas enclosed by ultramafic flow units. The ore zone is concordant with the MNDC. Felsic intrusions are spatially related with the ore zone, but their role in the genesis of the ore has yet to be dermed.A second deformation event (D2) resulted in local folding, a second schistosity (S2) and reverse faulting. Gold remobilization, the formation of the gold-bearing quartz breccia and the emplacement of the main quartz vein at the No. 8 zone deposit were associated with this event."

Jan 1, 1992

By Dani J. Alldrick, Alastair J. Sinclair, Colin I. Godwin

"Abstract - The Stewart mining camp has a long history of precious and base metal mining. The camp is abundantly mineralized, with more than 200 widespread, varied, vein prospects, deposits and orebodies. These show wide variations in the mineralogy of ore, gangue and alteration assemblages, and wide variations in textures and structural settings. This report establishes the timing of the different metallogenic epochs and suggests a specific exploration application for systematic lead isotope analyses.Galena lead isotope ratios from a range of mineral occurrences indicate that all these varieddeposits formed during two main mineralizing events. Lead isotope data from the Stewart mining camp do not provide absolute ages for the formation of mineral deposits, but the relative distributions of data are consistent with dates determined in other studies. One ore-forming episode occurred in the Barly Jurassic and the other in the Middle Eocene. Both metallogenic epochs were brief, regional-scale phenomena. Sorne deposits from the younger mineralizing episode were em­ placed adjacent to or superimposed on the older deposits.Field and laboratory studies show that the two metallogenic epochs are characterized by different base and precious metal suites: Barly Jurassic gold-silver-zinc-lead-copper; and Middle Eocene silver-lead-zinc. Therefore, showings of different ages have different base and precious metal potentials and deserve different exploration emphasis. Lead isotope studies provide a reliable, cost-effective method for evaluating the age and commodity potential of small or recently discovered mineral showings and for setting exploration priorities on properties with several varied mineral occurrences . The determination of the age and metal potential of a prospect at an early stage of exploration may govern the urgency, intensity or even the necessity for further exploration work."

Jan 1, 1993

By Y. Champoux, N. Atalla, R. Oddo, C. Lesage

"Percussion drills are the source of the most serious noise problems in mining activities, due to their extremely high noise levels(114-122 dB(A)) and widespread use(Bartholomae and Stein, 1988). Percussion drills will continue to be widely used to drill small diameter holes in hard rock because no other method seems to be economically avail-able to replace them (Boillat et al., 1993).Many studies (Danière, 1991; Hawkes etal., 1977a; Jensen and Visnapuu, 1972;Leblond et al., 1976; Milette, 1989) were con-ducted to determine the major noise sources of percussion drills. The exhaust air of pneumatic drills, the hammer, the bit in contact with the rock and the drill rod have been identified as the major noise sources. A muffer can be used to reduce the exhaust noise and the hammer can be enclosed. The bit noise is considered to be of concern only at the beginning of holes. When all the available methods are used to reduce the noise of a percussion drill, the drill rod vibrations become the dominant noise source (Hawkes and Burks, 1979). However, the noise levels generated by this source remain high and future efforts should concentrate on reducing its radiation.Works by Hawkes and Burks (1979) and Hawkes et al. (1977b) for the U.S. Bureau of Mines provide the most complete description on the noise and vibration of percussion drill rods.The longitudinal and bending waves are the two most important types of elastic waves generated in drill rods. Among these, only the longitudinal waves contribute to the drilling rate. The bending waves are caused by non-centralized impacts, drill rod curvature and non-uniform bit/rock interface. Drill rod noise is generated by Poisson’s ratio expansions and contractions of the rod as the longitudinal waves travel up and down it and by transverse rod motions induced by bending waves. The radiation efficiency is much higher for bending waves than for longitudinal waves. Most of the impact energy is transformed into longitudinal waves, as expected for axial impacts. The evaluation of the relative contribution of longitudinal and bending waves to noise generation poses a very difficult problem for experimental, analytical and numerical approaches. It is, however, an important issue because the relative contribution of these two waves will guide future noise reduction efforts. It seems that very little can be done to reduce the noise radiation of the axial waves without affecting the drilling rate. The main difficulty that analytical and numerical approach-es face, in the evaluation of the relative contribution of the two waves, is that there is no adequate theory for predicting the bending vibrations from the factors that cause them. The experimental approach has, thus, been limited to test fixtures that do not adequately represent the boundary conditions, as well as by measurements obtained under real operating conditions from which it is difficult to establish the relative contribution of the two types of waves. For example, Hawkes and Burks (1979) and Hawkes et al. (1977b) used a test fixture with free-free boundary conditions and made no clear link with measurement under real operating conditions. Rather, they have based their discussion on a simple model. Many authors assume that fexural waves are the main noise source on drill rods. However, measurements have been somewhat contradictory and researchers are still unable to state with certainty that this is indeed the case (Lednik et al., 1988)."

Jan 1, 1997

By A. R. Farkoosh, J-P. Fortin, M. Pekguleryuz, S. Bagherpour

"Titanium aluminides are structural intermetallics which offer an attractive combination of high temperature strength and light weight. For such properties, these intermetallic alloys have become front-runners in replacing nickel-based superalloys used for several high temperature applications. These alloys are produced from metallic titanium, aluminum and master alloys involving an expensive and difficult process. A low cost alternative to current industrial production method is the new modified aluminothermic process which directly reduces titanium oxide (TiO2) to titanium aluminides. Nevertheless, this process has itself significant challenges in achieving alloys free of oxide inclusions; the close densities of the slag and the titanium aluminides makes slag/molten metal separation a challenging task. Usually, the alloy produced requires a second refining step. In this study, thermodynamic calculations based on CALPHAD method were performed to determine the solidification path and an attempt has been made to develop a criterion to increase the density deference between the slag and the alloy by alloying with appropriate elements. Furthermore, scanning electron microscopy (SEM) and x-ray diffraction (XRD) techniques were utilized to examine the microstructure and phase selection of three Ti-Al alloys produced by the aluminothermic reaction, including the as-cast, refined in a controlled atmosphere and inert-gas-refined alloys. The composition range of the alloys studied was restricted to the a2-Ti3Al + ?-TiAl phase field (Ti-30Al) in the binary Ti-Al phase diagram leading to a lamellar structure with different complex intermetallics as shown in Figure 1.INTRODUCTIONTiAl based alloys are promising structural materials for high temperature aerospace and automotive applications. This is due to some attractive properties such as low density, high specific strength, high specific stiffness and high temperature strength retention (Wen-bin, Xue-wen, Hong-fei, & Yong-feng, 2011). These alloys have become leading candidates to replace Ni-based super alloys in gas turbine engines. Replacement of Ni-based super alloy parts with titanium aluminides is expected to reduce the structural weight of high performance gas turbine engines by as much as 20–30% (Kothari, Radhakrishnan, Sudarshan, & Wereley, 2012)."

Jan 1, 2016

By H. J. Oterdoom

SMS Group (SMSG) has always been concerned about safety aspects of electric smelter plants for the ferro-alloy and non-ferrous industry. The awareness for safety increased significantly over the past decades and also SMSG contributed with its design features to a safer operation. Today, safety aspects are not only part of the smelter design but also of the overall plant layout. Explosions in electric smelters are rare, but have a huge impact on peoples’ lives, on equipment and on production. For this reason, SMSG wanted to have a better overview of explosions within the smelting industry in order to see if useful statistics could be extracted. Generally, there is a lack of statistics regarding explosions in the electric smelting industry, and not enough information is collected or published. A significant portion of the explosions seems to be water related. Many companies, both operating and engineering, are trying to handle the risks of water, and apply methods to detect water leakages. Installing such a system is a management decision and management has then to make sure the system is properly implemented. The disadvantages and limitations of these systems should be carefully considered and communicated to operators and authorities.

Jan 1, 2015

By R. Poulin, M. R. Samis

Real options valuation is an alternative net present value framework that is able to incorporate both management flexibility and dynamic project risks. In this paper, management is considering the development of a satellite low-grade zone while operations in a developed high-grade zone continue. If the lowgrade zone is developed prior to high-grade zone exhaustion, mine capacity must be expanded before additional production from the low-grade zone can be processed. This expansion can be avoided only if low-grade zone development is delayed until the high-grade zone is exhausted. The real option model presented here allows the development and capacity expansion decisions to be reconsidered on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably.

Jan 1, 2006

By M. D. Everell

Le Centre de Recherches minérales (CRM), qui est un organisme de recherche appliquée du ministère de l'Energie et des Ressources du Québec, a été créé en 1969, dans le but de procurer un support scientifique et technique à l'industrie dans le domaine des mines et de la métallurgie. Pour atteindre ses objectifs, le CRM met à la disposition de l'industrie un personnel spécialisé et compétent dont une quarantaine d'ingénieurs et de scientifiques. Etant donné la nature même de l'industrie minérale, ce personnel est très versé dans l'étude des problèmes diversifiés des domaines de la technologie minière, du traitement des minerais, de la métallurgie extractive et de l'analyse minérale. Ce Centre de recherches met également à la disposition de l'industrie une usine-pilote permettant de reproduire les résultats du laboratoire au moyen d'un appareillage de type industriel, d'obtenir des échantillons en quantité suffisante pour une exploration du marché et de familiariser du personnel avec les opérations normales de l'industrie. Certaines de ses contributions récentes au développement de l'industrie minérale du Québec seront présentées.

Jan 1, 1985

By R. Horn

The financial performance of the mining industry, measured by return on equity and capital employed, has been inadequate for many years. Consequently, mining companies are not valued highly by stock markets. Among the more important causes for the decline in the sector are the conservative working practices and reluctance to adapt to change or to develop new technology, although some relatively recent developments such as SX-EW copper and heap leach gold have made a significant impact on the cost base of these metals. The subsidiary business of metals exploration suffers from the same problems as the rest of the industry. The rate of discovery of ore deposits has been falling over many years and since the late 1990s, there has been a sharp reduction in global exploration activity that, if it continues, will further reduce the global supply of new ore reserves. New technological developments, particularly in geophysics and different operational practices may help reverse this trend. Statistical methods for evaluating the risk of ore reserve estimates will also improve the economic return on new mining ventures. The science of ore geology has potential to reduce exploration risk, but modern ore genetic theory has not contributed greatly to recent discoveries. The junior exploration market has almost ceased, but a new style of technically specialized efficient small exploration company has emerged which, in alliances with major companies, may be the vehicle for future global exploration. Exploration in virgin terrains has a higher risk discounted potential for the discovery of very large orebodies than that in known mining districts but mining companies have little financial incentive for this high risk exploration because of the very long lead time to production. Alliances of two or more companies reduce the risk in both the exploration for and development of major new mining projects. If new orebodies are not found, then metal prices will inevitably rise in the long term. Governments of industrial countries, particularly those with a significant mining industry such as Canada, should therefore provide assistance to exploration in order to maintain their existing industry and prevent a metals shortage from developing in the future with its consequent impact on the world economy and increased environmental damage as large lowgrade orebodies are developed to supply an expanding market.

Jan 1, 2002