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By B. Roy

The Somita plant processes low sulphide gold ore in Burkina Faso with a CIL process. After experiencing recurrent low gold recoveries, Somita undertook an investigation on the source of the problem. COREM conducted a mineralogical study on different pit samples. A series of tests was also conducted on a composite sample from the plant which shows a content of 3.4 g/t in gold and 0.48 % in graphite. A reference test in laboratory resulted in a recovery of gold of 75%, similar to plant recoveries for the evaluated ore. In these tests, even if cyanide is not deficient, it was diverted mainly into iron cyanide complex, copper cyanide complexes and by graphite adsorption. Causes of low recovery were also identified and quantified. Solutions to increase gold recovery were suggested such as increasing gold dissolution kinetics by O2 or by lead nitrate addition, change in activated carbon addition point location to the 1st cyanidation tank and finer grinding to increase liberation. Increase in the pH could also contribute to reduce cyanidation consumption. Following these recommendations, Somita changed carbon addition from tank 2 to tank 1 in the CIL circuit. This change led to an increase of more than 5% in gold recovery. A system for the addition of lead nitrate is also under implementation at the plant and benefit will be evaluated in 2013. Finally, pit management for cyanidation will be done based on mineralogy instead of gold content in the future.

Jan 1, 2014

By Michael Stuart Parsons

The haulage cycle is the sequence which a haulage vehicle must first arrive at the loading area, then turn around and reverse into position. Once it is loaded, the vehicle leaves and travels to the unloading area, where again it must turn around and back up to unload. The cycle is repeated over and over again. The Vector Neutral truck is a rubbertired, self-propelled hauling vehicle designed such that it eliminates the requirement to turn around and back-up to either load or unload. Vector Neutral Truck Cycle: 1.) Travel from the load station to the dump station. 2.) Stop and dump load. 3.) Travel from the dump station to the load station. 4.) Stop and load. The Advantage is in the Difference: 1.) Shorter distance traveled. 2.) Fewer brake and steering actuations. 3.) Easier to automate. 4.) Easier to adapt for remote control operation.

May 1, 2003

By R. W. Nice

"The Similkameen Mining Company property is situated about 9 1/2 miles south and west of Princeton B.C. Owned and operated by Newmont Mining Corporation, mining is presently taking place in the Ingerbelle pit. At 15,000 tpd of 0.50% Cu ore the Ingerbelle pit is sufficient for about 8 years. Another 8 years ore supply is available from the old Granby workings of the Copper Mountain property which operated from 1927 to 1957.The pit operations commenced in late 1970 with the concentrator starting in March 1972. Designed and built by Bechtel Corporation under the supervision of Newmont the concentrator's design was based on single-stage crushing and single-stage modified autogenous grinding. The modification was installation of a crusher to crush the critical size build-up. The description of the operation follows.CRUSHERThe primary crusher is an open pocket Allis-Chalmers. 54"" x 74"" gyratory. The basic closed side setting is 8"". The crusher is fed from one side with 100 ton Electra-haul trucks. The crusher pocket discharges to a 96"" wide conveyor belt, then to a 48"" conveyor system including a stacker belt. The crushed product is piled on a stockpile with a capacity of about 30,000 live tons. This stockpile feeds the concentrator."

Jan 1, 1975

By E. E. Cudby

"FOLLOWING the Leduc discovery •by Imperial Oil in 1947, The California Standard Company began to acquire land in the area immediately west of Edmonton and in line with the Leduc reef trend (Figure 1).The California Standard Winter-burn Province No. 1 in Lsd. 10, Section 4, Township 53, Range 25, West 4th, which was spudded, on the basis of a seismic anomaly, in December, 1949, failed to find reef. This well was located on the eastern .edge of a large land block which California Standard and Imperial Oil had pooled as a joint venture, with California Standard a:s the operator (Figure 2).The culmination •of an extensive exploration and land aquisition programme was the drilling of the California Standard-Acheson Province No. 1 well .in Lsd. 13, Section 2, Township 53, Range 26, West 4th. On August 24th, 1950, a drill stem test was run in the D-3 zone which had been encountered at 4,969 feet, and a flow rate of 702 barrels per day •of 36° gravity oil was obtained. Just previously, Imperial Oil had completed a similar programme in the Stony Plain Reserve with the swabbing-in of Imperial Stony Plain No. 1. These two discoveries set off a drilling programme to determine the extent and value of the oil accumulation.Subsequent drilling of wells some successful .and others not by several other companies as well as California Standard bias, .to date, still left much to be determined as to the approximate delineation of the productive limits of the Ache-son-Stony Plain area. However, to August 31st, 1951, there were twenty-one D-3 producers north of the reserve and three in the Stony Plain Reserve."

Jan 1, 1952

By Bob Robinson

In 1990, the European Space Agency (ESA) initiated a technology transfer program to stimulate the wider use of technology developed by the European and Canadian space communities. This paper focuses on the method of technology transfer from the space industry to terrestrial industries, with a focus on the mining resource sector within a program called the Harsh Environments Initiative (HEI) created in 1997. Other resource sector applications include forestry and oil & gas. C-CORE in partnership with the Mining Innovation, Rehabilitation and Applied Research Corporation (MIRARCO) supported by ESA, Canadian Space Agency (CSA) and European R&D organizations conduct projects to promote and demonstrate the transfer of innovative technologies from space to non-space industries. Space programs have and continue to develop new knowledge for extra-terrestrial application, e.g., satellite earth observation, manned missions and unmanned planetary exploration. Many of which hold the potential for application on land and ocean. Currently, space technologies of interest to the mine sector range from robotics and image analysis to sensors, software and advanced materials. The HEI works to identify and apply these types of technologies in the areas of automated/tele-controlled mine operations and mine monitoring.

May 1, 2001

By S. Belair, V. Weigel

As a growing mining company, ERAMET is looking for new positions on the strategic metals market. In this context, the Gabonese Maboumine pyrochlore deposit is currently being studied for the recovery of niobium, tantalum, rare earth elements (REE), and uranium. This ore shows mineralogical and chemical characteristics that make it challenging to process by already known practices, from both technical and economic points of view. In this context, ERAMET has developed since 2008 an innovative hydrometallurgical process which has been successfully operated at a pilot plant scale. While the upstream part of the process aims to dissolve the valuable elements in sulphuric acid, the downstream part of the process aims to recover them separately in a marketable form. The focus here will be on the recovery of the REE. The ore deposit contains approximately 1.4% of REE including 87% of light REE and 13% of medium-heavy REE. The challenge in this process lies in the fact that the major elements in the matrix are iron and aluminum. An innovative process has been developed in order to recover all of the REE in these unfavourable conditions, described in this paper.

Jan 1, 2014

By V. I. Lakshmanan, D. A. Mackie

"1. INTRODUCTIONIn the past two decades, low-grade gold and silver ore bodies in the United States have been exploited by heap leaching, primarily with sodium cyanide solutions. This method has proven to be a viable alternative to conventional milling due to its low capital and operating costs. Successes have been made, particularly in Nevada, where ores are well oxidized and the climate is conducive to this method. in recent years, heap leaching has been tried in northern latitudes with some success, however, in using this method, operators face more severe limitations than do their neighbours to the south.This paper evaluates the limitations of heap leaching with particular emphasis on northern climates and introduces an alternative method to recover precious metal values in a continuous vat. This proprietory technology, known as the Mackie Vat Leaching Jig, shows promise, with improved gold recovery and potential to operate in cold climates.2. WHAT ARE THE LIMITATIONS TO HEAP LEACHING?Heap leaching of non-refractory ores is subject to the following limitations:1. Minimum amount of free gold and nuggets in the ore.?. Minerology of the ore--accessibility of gold to lixiviant.3. Minimum particle size and size distribution of crushed product to allow percolation of lixiviant through the heap.4. Minimum amount of clays or clay-like slimes that can cause coating of ore particles and channelling of lixiviant.5. Minimum strength of ore particles or agglomerations to allow economic height of heaps to be built.6. Amount and suitability of real estate.7. Amount and type of precipitation.8. Ambient temperatures.9. Possible poorer lixiviant diffusion.10. Possible lower oxygen content in dissolved cyanide solution with higher heaps, particularly with ice and snow cover."

Jan 1, 1989

By O. Matwijenko

"The Kidd Creek concentrator is located twenty-six kilometres east of Timmins, Ontario, within a metallurgical complex including a 109,000 MTPY zinc plant and a new 59,000 MTPY copper smelter and refinery. A complement of 159 persons is employed in the operation of the concentrator.Ore from the Kidd Creek Mine is crushed underground to minus 15. 0 cm, then transported twenty-seven kilometres by rail 1:0 the concentrator. After being crushed to minus 1. 6 cm, the ore is further processed by grinding and flotation.The concentrator commenced operations in November of 1966 at a designed capacity of 8,200 MTPD. Two parallel flotation and grinding circuits treated copper-zinc ore (2.28% Cu, 5.63% Zn) and a third treated silver-copper-lead-zinc ore (230 g/MT Ag; 0.57% Cu, 0.88% Pb, 7.89% Zn).By 1975, the concentrator was treating 9,100 MTPD of ore. Seven concentrates were being produced, namely, high silve1: copper, low silver copper, lead, low silver zinc, high silver zinc, pyrite and tin.Planned minesite expansion to a second underground mine required increased concentrator throughput. Expansion of the concentrator enabling a thirty-three percent increase in copper-zinc ore throughput occurred during the period 1975 through 1978. This expansion included increased load-in capacity, major redesign in the crusher house, the addition of a fourth grinding and flotation circuit, the building of a fourth dryer, and numerous expansions of services."

Jan 1, 1980

By Nicole Peter

When introducing digital training technology a practical approach helps address cultural concerns.  Solutions to help create acceptance are discussed.  Resistance to change may be deeply rooted in traditional mine training personnel.  Traditional training staff members may consider themselves less digitally-savvy and resist technological methods available to them. A transitional approach intended to help mitigate or resolve resistance is presented as a continuous improvement pathway toward full adoption.  This presentation contends every mine should welcome the benefit of a digitally connected critical enabler.  The adoption of a digitally savvy learning centre is often viewed a disrupter to existing practice.  Given a commitment-driven learning centre model, technology offers the opportunity to transition from a compliance-based training model to one of competence.  Learning and Development practitioners should welcome the latest advances in neuroscience, Bloom’s taxonomy of learning model, and principles which guide mine safety training as outlined by the Lowell Institute for Mineral Resources at the University of Arizona. By employing digital applications to include animation, game-based simulations and immersive Virtual Reality (VR) these technologies create a viable digitally-savvy learning centre. We will outline the ingredients of a digitally enabled, or VR, Learning Centre to offer some observed benefits, successes, and potential short-comings. Much excitement in the industry surrounds implementation of simulation and/or VR headset training.  Given fair consideration of these as a ‘fit-for-purpose’ solution we examine the paradigm shift required to create real results for on-the-job learning.  Interim steps may be needed to meet the cultural transformation.   Simpler forms of VR, in the form of 3D models and VR environments as displayed on a large interactive touch screen, can serve to bridge this challenge and address a group learning environment. Features of the interactive 3D technology and ease of adoption are presented.  Usage of the touch screen is similar to that of a smart phone. It may be implemented as an obvious transitional tool.  To help describe merits of the interactive touch screen the presentation points out these sample underground and surface mine training applications. There are 3-D simulations such as ventilation, emergency response, support installation, and mine cycle and activity scheduling programs. These applications offer the ability to conduct entry examinations, complete digital pre-use checklists, and perform planned task observations in the virtual world of work. The tool may be used to teach the flow of hydraulics and do fault-finding on machinery such as loaders and dump trucks. Learners may navigate in a virtual mining environment to identify hazards, detect and assess abnormal ground conditions, address poor design features, and alleviate traffic constraints. It is possible to use connected physical controls to navigate machinery in the virtual environment. We conclude the presentation with a “compare and contrast” approach to cite potential cultural benefits by adopting a transitional method. 

May 4, 2025

By Daniel Hodouin, Claude Bazin

"A graphical method to assess the size reduction by grinding is presented and illustrated with data collected from laboratory grinding tests and industrial grinding circuits. The method lies between the graphical comparison of size distributions and the population balance model. The method is easy to apply and provides a quick way to compare grinding mill performances under various operating conditions and processed ores. The application of the method to industrial mills shows that a grinding mill operation could present an invariant behaviour that can be exploited for simulation purposes.INTRODUCTIONThe size reduction of particles by grinding has been studied for decades and several books were published on the subject. Most of the recent studies focus on the modelling of the ball, semiautogenous and autogenous grinding mills operation (Napier-Munn et al., 1996) because accurate simulators can be used for design, optimization and control. Although the development of realistic simulators is progressing, the trial and error method is still used by many operators to identify optimum operating conditions for a grinding machine.Laboratory tests allow the characterization of the material submitted to grinding and the analysis of various operating conditions, such as ball size or shape, mill speed and slurry concentration of solids, on particle size reduction. Similar tests can be conducted in a plant, but results are often difficult to analyze due to errors associated with sampling and sensor accuracy. This paper presents a graphical method to assess the degree of size reduction carried out by a grinding machine. The paper consists of three sections. The first section describes the method and the following sections illustrate the method with data taken from laboratory and industrial grinding machines."

Jan 1, 2004

By Tim Martin, Dave Tahija

"In April, 2014, Hecla's Greens Creek mill, near Juneau, Alaska, switched from sulphuric acid to the use of dissolved carbon dioxide for lead flotation circuit pH control. The Greens Creek mine uses paste backfill, in which mill tailings are mixed with cement and used to fill mined areas. Some backfill inevitably becomes part of mill feed during subsequent mining cycles, resulting in high feed pH levels and increased dissolved calcium in the lead flotation circuit. Sulphuric acid is traditionally used to lower pH in such cases but it produces undesirable side effects, including poorer lead-zinc separation and unstable froth. The amount of sulphuric acid used at Greens Creek was limited due to these effects, resulting in higher than target pHs when feed backfill content was high. Dissolved carbon dioxide can be added without these limitations so pH levels have been under much better control since the switch. Additionally, lead-zinc separation and froth characteristics have significantly improved.IntroductionThe Greens Creek Mine, owned by Hecla Greens Creek Mining is an underground mine located on Admiralty Island near Juneau, Alaska, producing silver, gold, lead and zinc in the form of lead and zinc flotation concentrates and a gravity gold concentrate (McDonald, Morgen & Hancock, 2012). The lead and zinc concentrates are produced in conventional flotation circuits preceded by a graphite removal flotation step.The underground mine utilizes cemented paste backfill, of which a certain amount is inevitably re-mined in later mining cycles and returned to the mill, mixed with fresh ore. The Portland cement used in the paste backfill is highly basic so that, from the point of view of the mill, the net effect is to introduce a good deal of lime to run-of-mine mill feed, producing a very high natural pH. This high pH needs to be lowered to obtain good metallurgical results."

Jan 1, 2016

By Jochen Petersen, Jean-Paul Franzidis, Allan Nesbitt

This study presents a method for the determination of intra-particle diffusivities in ion-exchange resins for the purposes of evaluating the state of resin degradation during service. The method uses a zero length column (ZLC) in a closed circuit with variable speed pump and reservoir. The intra-particle diffusion is determined from absorption data by using the Nernst-Plank approximation along with the ‘mass transfer factor’ - which is a product of the mass transfer coefficient (kf )and the concentration of the adsorbing ion in the liquid at the surface of the resin - in a computer algorithm fitting simulated curves to experimental data.. Through this approach the changed intra-particle diffusivity, of a gel-type acid resin, over a 1000 loading and elution cycles, is shown.

Jan 1, 2014

By P. Scinto, P. Hudson

"Modern day ore bodies are becoming increasingly harder, more abrasive and lower grade. The Mako deposit is located in Senegal and consists predominantly of primary mafic and felsic lithology that are both very competent and very abrasive ores (Axb < 30, BWi >20 and Ai >1.0). The deposit was initially discovery in 2010 and the Toro Gold management team fast tracked the Mako Project through development and into production to achieve its first gold pour in January 2018. The comminution circuit comprises primary crushing single stage SAG milling with recycle crusher (1oCR SS-SAC). The mill reached design throughput and grind size seven weeks after first ore. The Mako project marks another successful international application of single stage milling, which represents a simple and easy to operate comminution circuit for small-to-mid size projects with a low capital cost. This paper describes the ore interpretation, comminution modelling, grinding circuit selection and design, as well as an overview of the commissioning and ramp-up of the mill.INTRODUCTION The Mako Gold Project is operated by Toro Gold Ltd., which holds a 90% interest in the project. The project is located in south-eastern Senegal in the Kedougou region, close to the Gambia river and township of Mako. The Mako deposit lies in the “Kenieba Window” of eastern Senegal and western Mali, which hosts a number of gold mining operations and development projects. The Mako Gold Project has an estimated life of 8 years with overall recoverable gold estimated at 924 koz. The process plant is designed to treat 1.8Mt/a of ore and produce 128 – 143 koz of gold per annum. Lycopodium Minerals Pty Ltd (Lycopodium) was appointed to provide feasibility studies and EPCM services for the greenfield project. Forming part of consultancy services provided by Lycopodium, Orway Mineral Consultants (OMC), a subsidiary of Lycopodium, was involved in the design, commissioning, ramp up and ongoing post commissioning support of the comminution circuit."

Jan 1, 2019

By G. C. Mackenzie

At the last Annual Meeting of the Institute, Dr. C. V. Corless sketched the potential mineral wealth of Canada so clearly, graphically and with-all so entertainingly that one&apos;s imagination was fired with the promise held out to future generations for the tremendous expansion of the mining industry in the Dominion. Posterity will undoubtedly witness the fruit of much of the geographical search and survey that is now carried on by our government mining departments. Year after year the work advances, slowly but surely, new areas are . explored, older areas are surveyed in detail, the information being compiled in maps and reports of incalculable value to the prospector, the engineer and the general public. The immensity of the task of exploring, geologically, the outlying portions of the country, with the ultimate view of making valuable mineral discoveries, may be visualized from a study of Dr. Corless&apos; paper and the subsequent discussion which took place and one becomes impressed with the fact that three-quarters or more of the problem can be included under the word "transportation". For instance Dr. Corless said, "The few geological explorers who have penetrated to these remoter regions . . . . . . have as a rule been compelled to stick closely to canoe routes,"; Dr. Goodwin remarked, "This barren Laurentian granite, which is put down on the maps as covering the greater part of this area, is the best guess the geologist could make from travelling along watercourses Within the next few years . . . . . . the Timiskaming and Northern Ontario railway will undoubtedly be extended to James Bay . . . . . . In order that we may be prepared for the probable influx of prospectors when transportation facilities to tidewater are provided, I think all available information on this district should be gathered together in handy form." All three-Corless, Goodwin and Cole-emphasize the well-known fact that explorers, geologists and prospectors working in new country must stick to the watercourses and that transportation by rail, road or water has always been the all-important deciding factor in facilitating the exploration and development of remote districts. Dr. Corless did, however, suggest other means of transportation in stating, "The aeroplane will be of assistance in future study of some parts of these remote areas."

Jan 1, 1924

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 M. Pourkani, M. Karga, Samid Banis, Andre Laplante, G. Langari-Zadeh

"The Sarcheshmeh mine processes 40,000 t/d of ore grading 0.9% Cu and 0.035% Mo. Grinding is effected in single stage ball mills using 80 mm forged steel balls, with an average consumption of 850 g/t. One of its 5 m diameter, 8 m length ball mills was emptied to measure the ball size distribution. The broken balls were first separated from the total charge, and the remaining balls classified into five size intervals of +7O mm, -70 +60 mm, -60+50 mm, -50+40 mm, -40 mm.The charge was composed of 280,534 balls (excluding broken balls) with a total mass of 305,180 kg. It was found that 4.0 % of the balls were broken; the size distribution of the charge was also markedly different from the desired one, in particular for the small-sized balls. For instance, 9% of the balls were expected to measure 2.54 to 3.18 cm in diameter, but none was found. On the other hand, the amount of top size balls was 30% higher than expected. The radial hardness of balls, which was determined by cutting the balls in halves, showed that the hardness sharply drops when the balls become smaller than 65 mm. The unexpected ball size distribution was attributed to the rapid change in the balls radial hardness. Based on the measured ball size distribution, a new ball make-up charge which uses 80% of 80 mm and 20% of 60 mm balls instead of 100% of 80 mm was proposed and implemented. The effect of the new ball make-up procedure in terms of ball consumption and grinding efficiency is being investigated."

Jan 1, 1999

By W. E. Roscoe

The probability of making an exploration discovery in Canada can be calculated from Derry's (1970) data on exploration expenditures and number of discoveries over the last nineteen years. Considering an average exploration "try" to be $30,000, the probability of a discovery with one try has decreased tenfold from about 0.01 in 1951 to 0.001 in 1969. A plot of these probabilities can be extrapolated to the future, giving a 1969-71 three-year average probability of 0.00096 with 90 per cent confidence limits of 0.00042 and 0.00153. Using this probability, various calculations can be made, such as (1) the probability of making at least one discovery for any given exploration expenditure, (2) the probability of ultimate ruin or survival of the exploration investment process and (3) the expected value of an exploration investment. There is a critical minimum amount per discovery that must be re-invested in exploration, no matter how large the original investment is, for exploration to survive at all in the long run. Currently, this critical minimum is $31,200,000 with 90 per cent confidence limits of $19,600,000 and $71,400,000.

Jan 1, 1971

By G. Barbery

"Particle composition distribution is an essential feature of materials processed by physical separation methods. The amenability to segregate a feed material in a concentrate and a tailings stream depends to a large extent on what is called usually the ""liberation"" of the various mineral phases that are present in an ore. In fact the energy consumed in crushing and grinding has the major justification of producing particles that are as close as possible to monominerallic. Monophasic particles are able to reveal physical differences in mineral properties that make their separation possible. For many years, various authors have insisted on the concept of liberation, without noting that, in practice, it can be a pure concept which does not lead to measurements or predictions. The present paper insists on the concept of particle composition distribution, in which the complete distribution is the information to be obtained, and not the ""liberation·· of various phases, just like for particle size distribution, the complete distribution is an objective commonly desired, and not one or two values representing the coarse or fine fraction.2. NOTATIONS-EQUATIONSFor the purpose of the paper, a particle will be characterized by its volume Vp, and its volumetric composition with respect to a mineral of interest, which will be given the notation ""O"". All the other minerals present will be called ""1"". This notation does not imply that the particles are biphasic, but that we are interested in the composition of particles with respect to one phase only. The volumetric composition will be given the sybol m:"

Jan 1, 1986

By Don Thompson

Canada’s oil sands are a controversial topic and virtually every newsmaker and layperson seems to have an opinion about this 179 billion barrel resource. The oil sands represent 97 per cent of Canada’s remaining oil reserves, but misinterpretation and misrepresentation of the facts are threatening development of a resource that generates significant employment and tax revenue for Canadians. Join Don Thompson, president of the Oil Sands Developers Group, as he dispels the top ten myths about Canada’s oil sands and presents an alternative perspective on an industry that can play a critical role in North America’s economic recovery.

Jan 1, 2010

By Terry Braden

"Meeting probable world mineral demand in the years ahead will almost certainly require an ability to economically treat lower grade and more complex ores. Achieving this will require extensive research and technical development across the full spectrum of mineral processing.For mid-sized or smaller companies the most effective way to participate in such extensive programs - and gain access to the technology required to stay competitive - may be through collaborative research.This paper explores the recent history of collaborative research in mineral processing and in particular its ability to attract world-class multi-institutional research teams with sufficient resources to make step-change advances. It chronicles the advances achieved, but also explores the research architecture and administrative structures required to deliver research outcomes and technology transfer mechanisms to a range of often disparate sponsoring companies.INTRODUCTIONIn medieval times the dream of alchemists was to turn base metals into gold. We modern alchemists, of course, don’t waste our time on that sort of foolishness: we turn base metals into dollars. When I see the profit reports filed by some companies recently, I can only conclude that a lot of those present today must be pretty good at this.But the fact that we are here at this conference reminds us that an alchemist’s work is never done; turning base metals into dollars is not a one-trick wonder but an art that we must extensively refine year after year if we are to survive in a competitive marketplace.It is not that demand for metals is likely to slow; most people seem to think that China, India, Brazil and other emerging economies are still at the lower end of their demand curve. They will need significantly larger volumes of metals in the years ahead. The challenge for us as processors is that to supply increasing tonnages of those metals profitably we will almost certainly need to process more complex or lower grade ores and probably to do so with reduced energy inputs."

Jan 1, 2009