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By Lawrence Devon Smith

"The concept of risk is well established in the mining industry. It is acknowledged when estimates of reserves are expressed as proven or probable, when mining and metallurgical recoveries are applied to the ore, and when contingencies are added to costs. However, it is difficult to provide a quantitative assessment of risk. The significant sources of risk in a mineral project and how these are addressed in project evaluations are discussed. The discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk.IntroductionThis paper examines the components of the discounted cash flow discount rate and proposes a method of estimating project-specific discount rates. The motivation for this work comes from experience of project evaluations in which owners and purchasers had agreed on virtually every aspect of the evaluation except how much the project was worth. Agreement was reached on reserves, grad~, recovery, capital costs, operating costs, taxes, and, by combining these components, even on the fmal cash flow values. The only difference in opinion concerned the discount rate to be used in the calculation of the net present value. Depending on the life of the project, such differences of opinion can cause a variation of more than 50% in the value placed on a project! This is illustrated in Figure 1."

Jan 1, 2003

By Robert B. Parsons

"Investors in flow-through shares are going to need an expanded road map to find their way through a growing maze of tax rules affecting such shares. At the end of 1985, no fewer than three new sets of important tax amendments were tabled which could have a significant effect on flow-through share issues. This proposed legislation is discussed this month in Tax Notes.IntroductionIn a flurry of legislative activity at the end of 1985, the federal government tabled legislation which includes the introduction of new rules which will have a notable effect on investors in flow-through shares and on companies that issue such shares.First, on November 26, 1985, Bill C-84, the legislation to implement most of the changes announced in the May budget, was introduced in Parliament. This legislation includes the rules for the $500,000 capital gains exemption, a matter of considerable interest to flow through share investors.Next, on December 2, 1985, the government tabled a Notice of Ways and Means Motion which would extend the time horizon for spending flow-through share funds to include the 60-day period following the calendar year. But all news was not good news. On December 4 the government released its proposals for a minimum personal income tax, which would include rules that would catch an investor's CEE expenses and capital gains."

Jan 1, 1986

By W. Curlook, L. M. Pidgeon

THE PURPOSE of this investigation was to study part of the ternary system Co-Fe-S. Jensen ( 1) established the solubility limits of sulphur in pyrrhotite. The compound with 61.7 per cent Fe, corresponding to a formula Fe12S13, was found to melt congruently at l,192°C. Hulsmann and Weibke(2) determined the Co-S phase diagram from O to 35.2 per cent S. The solubility limits of sulphur in the com-pound Co(l-x)S were not determined. The initial object of the present in-vestigation was to determine the composition at which the compound Coci-xiS melted congruently. Once this was ascertained, it was decided to investigate the ternary system Co-Fe-S from the region of 100 per cent Co(1-x) S to the region of 100 per cent Fe12S13.

Jan 1, 1953

By J K. Irwin

The authors discuss the application of drum and friction hoists under modern conditions and give four examples of friction hoists proposed for various applications. The paper concludes with a summary of the advantages and limitations of friction hoists relative to drum hoists. Introduction T H~ introduction of the multiple-rope friction hoist m the late 1940's has complicated the se-lection of the right hoist for a given job. Once such considerations as rope safety factor, drum to rope ratio, hoisting distance, tons per hour and/or service duty have been decided upon, the selection of a drum hoist is relatively simple. We now ask our-selves "which hoist -drum or friction? (See Figure 1 and Figure 2). When a friction hoist is a possibility we are immediately concerned with how many ropes to use, whether to hoist balanced or counter-balanced, whether a friction hoist will be flexible enough for the application and, of course, what the relative costs will be.

Jan 1, 1964

ABSTRACT This paper details the work of RISKGATE, the largest Australian Coal Association Research Program (ACARP) occupational health and safety initiative to date. The program is an interactive online risk management system developed to maximize health and safety performance in the coal mining industry by implementing continuous improvement in managing major unwanted events. The comprehensive knowledge base covers tires, collisions, fires, isolation, strata control underground, ground control open cut, explosions, explosives, manual tasks, and slips/trips/falls. All major Australian coal mining companies contributed topic experts to this broad industry initiative: nine coal mining companies, more than 80 experts, and more than 400 days of individual time for knowledge-capture workshops.

Jan 1, 2014

By W. E. Segsworth

Introduction By far the largest part of the money raised for mining is raised by honest and legitimate means; but a not inconsiderable amount is raised by fraudulent sales methods. It will be conceded without argument that the greatest menace to the mining business is the fraudulent promoter. The sale of worthless mining stocks to the public by high-pressure. salesmen, house to house canvassers, telephone campaigns, fraudulent use of the mails, fraudulent statements, and reloading, has seriously prejudiced the public against even legitimate mining. A very small percentage of the funds raised by such fraudulent means is ever spent on the property, but instead is absorbed by the promoter in illegitimate' profits, enormous commissions, high office rents, and other expenditures, and is just so much subtracted from the fund which the legitimate developer needs to bring new mines to the point of production. The mining fraternity has been at fault in that, while they recognized this situation, they made no adequate attempt to rectify it. They knew that these fraudulent practises were conducted by parasites who attached themselves to the mining business in boom times and claimed to be part and parcel of it, but who were merely professional salesmen and promoters who, when there was not a mining boom, were selling sky-line real-estate, worthless oil stocks, or fraudulent securities which happened to be popular with the public. While mining people had this distinction well in mind, the public did not differentiate between the crooked promoter temporarily selling fraudulent mining stock and the honest promoter who made mining finance his life work; and we did little to make this distinction clear to the public or to sweep these money grabbers out of our house. The historic boom of 1927-8 and '29 brought with it the usual crop of crooked mining promoters, and the scandals resulting from their operations forced the Governments into the enactment of laws to attempt to protect the gullible public against the operations of these meanest of thieves and to appease public clamour.

Jan 1, 1934

By Luke Evans

What are Best Practices? What are Bad Practices? Who Uses Best Practices? Why Bother? Acceptability Guidelines Published Best Practices Published Bad Practices Additional Best Practices Some Best Practices for Low Grade Deposits Interpretation Guidelines Big Bear Gold Deposit Example Conclusions Questions

May 1, 2013

By C L. Briend, O&apos

This paper presents the main features of coal mining in Japan, as determined by the author while attending the International Coal Conference in October of 1963. The general economy of the country is considered, and the requirements for coking coal are outlined. Statistics and comments on production and consumption are then given, with accompanying cost figures, and the characteristics of Japanese coal mining are compared with those of Canada. Mining methods and underground transportation are covered, with emphasis on undersea mining. Finally, a description is given of a visit to the Miike colliery, the largest in Japan. I T was my privilege to attend the International Coal Conference held in Tokyo in October, 1963, to meet many prominent members of the Japan Coal Association and to visit one of the major coal fields. This is probably the reason why I was asked to present this review of the coal situation in Japan. In doing so, it must be pointed out that I am not an expert in coal mining, that my

Jan 1, 1965

By R. S. Douglas

Introduction The operations of The Granby Consolidated Mining, Smelting and Power Company, L1mited, have always been concerned with the mining of low-grade copper ores. In the fifty years of this Company's existence, nearly 60,000,000 tons of such material has been successfully mined and treated. During these years, many changes in mining practice took place. However, at Copper Mountain, due to the large tonnages of very low grade material, it was realized that something more than changing mining methods would have to take place if these low-grade orebodies were to be mined at a profit and the Company and. its employees enjoy many years of successful operation and employment. Production costs were mounting commensurately with rising taxes and the increasing cost of supplies, labour, freight, and smelting, while the value of the product on the market was not increasing in price to compensate for the higher costs of production. A survey of the mineable ore in 1944 indicated that, of the 12,000,000 tons in the reserves, only 3,500,000 tons was now profitable ore. This reduction in the commercial ore reserves was a serious matter, as it meant that the mine had only two years of life at the profitable shipp1ng rate of 4,800 tons per day. Further, the location in the mine of the orebodies making up the 3,500,000 tons was not suitable for such high production.

Jan 1, 1950

By F. R. Archibald

SINCE the opening of the Beattie mine, in 1933, the concentrate produced by flotation has been considered refractory. As the gold extraction by cyanidation was poor, the concentrate, during the first four and a half years of operation, was shipped to a smelter for further treatment. After the installation of the cyanide plant, in 1934, seventy per cent of the gold in the concentrate was recovered before shipment to the smelter. In 1937, a roasting plant was built so that treatment might be complete at the mine. Much experimental work had been done by a number of investigators prior to the installation of the roasters, but none of them had seriously attempted to identify the causes of, or the elements responsible for, the refractory behaviour of the concentrate. Intensive investigation in this direction commenced in the Beattie lab-oratory in July, 1938, has led not only to the identification of several causes contributory to the refractory behaviour, but also to revisions in procedure and principles with respect to roasting Beattie concentrate in particular and arsenical concentrates in general. The accuracy of the identification of these causes and the soundness of the principles is borne out by interpretation of roasting plant records, by improvements and simplification since applied. to plant operation, and also by laboratory and test-plant results on arsenical concentrate produced by another mine. It is the purpose here to present an account and interpretation of the laboratory investigation, together with a correlation of laboratory and plant results. Incomplete extraction of the gold by cyanidation after roasting is due primarily to the nature of the material roasted, and secondarily to the manner in which it has been roasted. There is a possibility that better extraction may be obtained by improvements in both particulars.

Jan 1, 1939

By M. S. Moats

As smelter feeds become more complex, the impurities that ultimately report to electrorefineries are changing. Many of these impurities collect in the electrolyte and must be controlled. As commercial copper electrorefineries look to expand their capacities by increasing their operating current density, the interaction between electrolyte composition and anode passivation can cause operational difficulties. To improve the industry's understanding of the passivation phenomena, the role of electrolyte composition was evaluated using commercial electrorefining anode samples. The electrolyte composition variables examined were copper, acid, nickel, arsenic, chloride, thiourea and glue. Finally, the role of non-commercially utilized additives, such as bromide and polyethylene glycol were studied. From this investigation, electrolyte parameters that inhibit copper dissolution through copper sulfate precipitation, copper oxide stabilization and/or absorbed species lead to accelerated passivation. Species that prevent passivation have the ability to complex cuprous ions. Possible mechanisms for the role of each.

Jan 1, 2007

By T. A. Utigard, S. Pedler

Ilmenite from the Everett deposit in Quebec was characterized both chemically and mineralogically. The sample investigated contained the following main components: 40% Fe2O3, 21% TiO2 and 21% SiO2. The ilmenite grains contained about 20 to 25% hematite intergrown blades, with widths ranging from 2 to 30 \u03bcm. Crushing the sample to less than 0.85 mm led to significant liberation of the ilmenite from the gangue minerals. Gravity separation followed by magnetic separation of this size fraction led to a TiO2 concentrate grading of about 30% TiO2, with a recovery of 94%.

Jan 1, 2010

By Arthur Dubé

An account is given of the developments brought about in the last fifteen years by metallurgical research in the field of heat treatment of steels. The practical aspects of these developments are especially emphasized. Methods of representation of the phase-change during austenitizing and sub-critical transformation of austenite are described and the importance of time-temperature-transformation charts for the planning of heat treatment cycles is shown. Special copies such as retained austenite and internal stresses developed on quenching are also discussed in some detail. Due to the interest shown currently in these problems, it has been thought advisable to describe briefly the underlying principles and present some of the results already available.

Jan 1, 1945

By Peter A. Hacquebard

Recent drilling programs have shown that the in-situ coal resources of Nova Scotia are very substantial. The grand totals of the measured, indicated and inferred categories amount to 232 m, 646m and 993 m tons, respectively. This vast quantity of coal occurs essentially in five main fields: Sydney, Mabou, Port Hood, Pictou and Springhill. The largest resources (84% of the total) occur in the submarine area of the Sydney coalfield. With a 65% recovery rate, there are at present 150m tons of proven, recoverable coal in Nova Scotia. At a predicted maximum annual production of 5 m tons, this amount equals a lifespan of 30 years. However, additional drilling, particularly in the Sydney offshore area, holds promise of increasing the recoverable reserve tonnage to at least 350 m tons. This figure may be compared with the 484 m tons production obtained during 191 years of mining (from 1785-1976). The geological appraisal of the remaining coal resources in the five fields mentioned is presented in three-dimensional diagrams, per individual seam and corresponding reserve area. In addition, the submarine extensions of the Sydney and Mabou coalfields are discussed in light of results obtained from off shore oil exploration wells. The terminology and standards of coal resource calculations are pointed out, and the phenomenon of seam splitting and its prediction from geological data is illustrated. The availability in Nova Scotia of either thermal or metallurgical coal is considered in relation to rank and sulphur content. This paper was presented in June 1977 at the 90th Annual Meeting of the Mining Society of Nova Scotia. The coal resource estimates, however, have been updated to include the results obtained with the offshore drilling in the Sydney Coalfield to November 1977.

Jan 1, 1979

By D. Stüben, G. P. Glasby

"Abstract - Shallow submarine hydrothermal fluids from Paleohori Bay off the Greek Island of Milos have been investigated in detail. The extensive gas and warm (max. 93°C) water vents are enriched in major components such as C1-, Na+, Si, Ca2+, Mn, PO4 3-, NH4 +, K+, Sr2+, H2S and CH4 and depleted in Mg2+, O2 and SO4 2- relative to ambient seawater. Based on zero-Mg calculations, it is deduced that the submarine vent fluids are related to the geothermal reservoir beneath Milos which has a similar chemical composition. Fluid samples from each vent in Paleohori Bay represent a mixture of hydrothermal end-member fluids derived from the upper and deeper geothermal reservoir systems of Milos, a mantle-derived source, a high-chloride fluid resulting from phase separation of geo thermal fluids and a steam-heated CO2-rich meteoric water. Résumé - À l’île de Milos dans la mer d’Égée, des fluides sous-marins hydrothermaux en eau profonde ont été récherchés en détail près de la baie de Paleohori. Les larges émanations de gaz et d’eau chaude (temperature maximale: 93°C) sont enrichies en constituants principaux tels que de Cl-, Na+, Si, Ca2+, Mn, PO4 3-, NH4+, K+, Si, Sr2+, H2S et CH4 et appauvries en Mg2+, O2, SO4 2- comparé à l’eau de mer environnante. Selon le calcul du zéro-Mg, nous en déduisons que les fluides sous-marins hydrothermaux sont dérivés du réservoir géothermal sous l’île de Milos car leur composition chimique est la même. Les prélèvements des fluides de chaque source hydrothermale représentent un mélange de fluides hydrothermaux dérivés des réservoirs géothermaux supérieur et inférieur, d’une source dérivée du manteau, d’un fluide très enrichi en chlorure produit par la séparation des phases et de l’eau météorique enrichie en CO2 et chauffée par la vapeur."

Jan 1, 1999

By L. Heber Cole

The search for potash in western Canada during the years of the great war led to the staking of claims on many of the "alkali lakes" and sloughs which occur in numerous localities in the morainic areas of the prairies, as well as in British Columbia, in the hope that potash salts would be found in commercial quantities. While the search for potash, up to the present time, has been disappointing, the prospecting of these areas has demonstrated that Canada possesses large reserves of sodium and magnesium compounds, principally in the form of sulphates, carbonates and chlorides. he writer first became interested in these deposits in 1911 while investigating the sodium chloride springs of northern Manitoba. In the fall of that year a number of the sulphate ? deposits in Saskatchewan and Alberta were visited, but owing to the excessive rains at that period, all the deposits were under water and only a few brine samples were obtained. Owing to pressure of other work investigations of the alkali deposits in western Canada, by the Mines Branch of the Department of Mines, could not be undertaken until the field season of 1921, but since that time the work has been continuous. During the summer of 1918 a reported discovery of a large deposit of potash bearing salts was featured in western papers and in a short time practically all the lakes and sloughs of the prairie provinces, which showed the least indication of being saline, were staked for potash. This reported discovery was not substantiated on investigation and many of those who had staked claims allowed them t~ lapse without the slightest effort to determine the character of the material in the deposits which they? had leased.

Jan 1, 1924

By R. J. Craig

Introduction All mining operations produce rock dust. Inhalation of rock dust, particularly if it has a high silica content, causes silicosis. Silicosis is, therefore, recognized as a hazard of the mining industry and has been made compensable throughout most of Canada. Most of the dust in any mining operation is caused by rock drilling and blasting operations and the movement and transportation of broken rock. Dust from blasting cannot be eliminated, but it can be controlled by means of increased ventilation, the use of water sprays, and the control of blasting hours. Dust from ore movement can be reduced by keeping the broken rock in a moist condition at all times. The dust from the rock drilling operation has been found to be the most difficult to control. Concentrations of dust caused by rock drills in stopes can usually be reduced to the safe minimum of 300 particles per cubic centimeter (p.p.c.c.) by diluting the air with increased ventilation. In development headings, where the machines are more confined, this is not always practicable. Therefore, the dust must be eliminated at its source. This paper deals with the reduction of dust from Leyner machines by adopting improved designs.

Jan 1, 1947

By T. Crivits

"Phase equilibria in the ‘Cu2O’-‘Fe2O3’-SiO2 system, the base slag system in copper production, were recently determined. However, the addition of MgO, commonly present in the slag, drastically changes the phase equilibria in this system. The present study focuses on the phase equilibria in the ‘Cu2O’-‘Fe2O3’-MgO-SiO2 system in equilibrium with metallic copper.Recently, an experimental procedure has been developed that resolved a number of experimental difficulties. This procedure has been successfully applied to characterise several complex industrial copper slags. It includes a high-temperature equilibration followed by rapid quenching and electron probe X-ray micro-analysis (EPMA). The methodology was adapted to the present system and used to determine the liquidus at SiO2 saturation and in contact with high-MgO phases in between 1100 and 1250 °C in Cu2Orich slags.The results indicate a maximum solubility of MgO in the system at 1200 °C of 5 wt%. The boundary line between tridymite and spinel lies 3-4 wt% closer to the SiO2 apex for every 2 wt% MgO added. These new data on the high-copper slags are important for optimisation of the direct-to blister"

Jan 1, 2014

By F. Crundwell, N. Steenekamp

"The leaching of sulphide minerals generates a significant amount of energy. There are three systems that might be used to remove this energy. These are: cooling coils, quench water, and flash recycle. Flash recycle is the recycling of slurry from the autoclave to the feed tank. Heat is removed in this arrangement when the slurry at elevated temperature and pressure is flashed to atmosphere, releasing steam. The slurry is returned to the autoclave at lower temperature, resulting in cooling. The cooling is directly proportional to the steam released from the recycled slurry. Design equations and results for the flash recycle system are presented. A fourth proposal for removing heat is to recycle slurry from the back of the autoclave. These four alternatives not only remove the heat, but also have an effect on the leaching efficiency. Amongst the four alternatives, design calculations indicate that the flash recycle option is the optimal solution in terms of leaching efficiency and heat removal, and recycling product from the back of the autoclave is the worst. In spite of its efficiency in terms of heat removal and leaching, the implementation of the flash recycle system is limited to a few operations in the platinum industry.INTRODUCTIONIn considering ways to improve leaching operations, focus is placed on the chemistry, on the kinetics, the agitation and perhaps even on the gas mass transfer conditions. Attention is less frequently placed on the removal of energy from these reactors and how this might limit performance.The pressure leaching of sulphides releases a significant amount of heat. For example, the reaction for the leaching of chalcocite, Cu2S, given by"

Jan 1, 2012

By L. H. Shang

The 319 Al-Si alloy is one of the most prominently used aluminium-based alloys in motor vehicle and engine applications, Microporosity present in 319 alloy castings reduces the load bearing capacity of the castings, The quantitative prediction of microporosity levels in Al-Si castings has been a subject of much interest for several years. In this research a new criteria function, tf 1,98 R13° (tf: local solidification time, R: cooling rate) was developed by multiple regression analyses, correlating thermal data from simulation studies to experimentally obtained microporosity values. This new criteria function gives a general prediction of microporosity in 319 Al-Si castings.

Jan 1, 2005