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By R. K. Carnochan

MANY improvements have been made in recent years in the milling of industrial minerals and it is the purpose of this paper to review some of the more important innovations that are now being used in the preparation of these products. Some of the observations which will be made have been prompted by what was seen on a recent trip to industrial mineral milling plants in the north and central sections of the eastern United States. The flotation plants visited were those of the Valley Forge Cement Company at West Conshohocken, Pa., the International Agricultural Corporation at Mount Pleasant, Tenn., and the Aluminum Ore Company at Rosiclare, Ill. Besides these, sand plants in Pennsylvania, West Virginia, and Ohio, coal-cleaning plants in Pennsylvania, pyrophyllite, mica, feldspar, clay, and kyanite plants in North Carolina, and a zinc mill and the Tennessee Valley Authority ceramic laboratory in Tennessee were visited. The milling of industrial minerals can be considered under three broad headings, namely, crushing, grinding, and purification. Usually there is both a separation and grinding problem in treating an industrial mineral, but the problems are distinct, although sometimes a separation is made while grinding, as in the case of a Raymond throw-out mill, which grinds and at the same time throws out most of any hard material present in its feed.

Jan 1, 1939

By J. D. Galloway

The mining industry of British Columbia continues to grow steadily in importance. The gross value of the production in 1925, sixty-two and a half million dollars, was a record, and ali indications point to the 1926 output registering a still higher figure. In an industry such as mining, where production means the depletion of known ore reserves, the discovery and development of new 'ore-deposits is of the utmost importance. To maintain and increase production, steady development is essential. In this respect, the record of the last three years in British Columbia mining is most satisfactory, as in this period more real development has been carried on than in any similar period in the history of mining in the Province. Prospecting, or the search for new ore-bodies, has also been fairly active, but comparatively few important new discoveries have been reported in the past few years. The mineral output of British Columbia consists of Iode minerals, coat and coke, and building materials. In 1925 the value of the output of these three classes of products was, respectively, about 46, 13, and 3 million dollars. The industry as a whole embraces the mining of these materials, and the treatment and manufacturing processes involved in preparing the various products for the market.

Jan 1, 1926

By Jayesh B. Patel, Zhongyun Fan, Hu-Tian Li

"Melt conditioned direct-chill (MC-DC) casting is a novel technology which combines vertical direct-chill (DC) casting with a high shear device directly immersed in the sump for in situ microstructural control. In this paper, the solidification mechanism of DC casting under varying conditions is discussed. The temperature profiles in the sump were measured under the steady state casting conditions by using sacrificing thermocouples. Detailed comparisons of the derived thermal condition are made. The individual role of grain refiner additions, natural thermosolutal convection and forced convection in the sump and the interplay of these factors in determining the solidification structures of DC cast billets are discussed. The MC-DC casting technology can be used to control microstructural constituents and casting defects in DC cast billets/ingots by in situ manipulating of the thermal and fluid flow conditions.INTRODUCTION Direct-chill (DC) casting of aluminium, has been the essential commercial process for producing feedstock suitable for subsequent processing, such as extrusion, rolling or forging. Fine and equiaxed grain structures in the as-cast billets/ingots are required to enable a fine and uniform distribution of second phase particles and microporosity. This leads to higher productivity, more cost-effective homogenisation and more efficient downstream thermomechanical processing. The addition of chemical inoculants has been the standard industrial operation prior to casting for grain refinement of Al alloys. However, it has been established that less than 1% of the grain refiner particles added actually act as heterogeneous nuclei to refine the grain structures, showing a very low grain refining efficiency (Greer, Bunn, Tronche, Evans, & Bristow, 2000). Moreover, the remaining particles from the grain refiner addition in the final casting may cause surface defects during downstream processing. A major issue of the metallurgical quality of large sized ingots/billets is the non-uniformity of microstructures even with chemical grain refiner additions. This is due to the fact that the grain structure formed in the different zones of the billet depends on the local chemical composition and local cooling rate. The local cooling rate can vary from 0.4~1 K/s at the centre of the billet to around 10–20 K/s at its surface zone (Nadella, Eskin, Du, & Katgerman, 2008). The large thermal gradient along radial direction between billet surface and interior of the melt during conventional DC casting induces thermal stress and cold cracking even with grain refiner addition. Therefore the control of casting defects, such as macrosegregation, porosity, cold/hot cracking and distortion of the billets/slabs, etc., is still challenging in industry, causing high scrap rate of DC cast ingots/billets even with grain refiner addition."

Jan 1, 2018

By O. Hall

DISCUSSION AT QUEBEC MEETING MR. A. V. CORLETT: With drill holes radiating from a common point, is loading carried to the collars, and do you undertake to distribute the powder evenly? MR. R. V. PORRITT: When the collars of the holes, particularly the diamond-drill holes, are close together, two out of three holes are loaded only to within six or seven feet of the collars, and the intervening holes are loaded close to the collars. When the collars are farther apart, the holes are loaded close to the collars. No spacers are used, and the holes are filled solid with powder, this applying particularly to the diamond-drill holes, except, of course, where the collars are close together and some holes are not loaded close to the collars. MR. J. G. L. McCREA: I would like to enquire in respect to the various efforts made to reduce the cost of diamond drilling to the lowest point, what is. the relative cost of the solid bit to the standard bit? It would seem that the solid bit has the higher cost. MR. PORRITT: The non-coring or solid bit gives a slightly lower diamond cost than the coring bit. With the coring bit, the greatest diamond loss is on the inside stones, apparently due partly to vibration, but mainly to the core blocking against these stones. This condition, of course, does not apply with the non-coring bit. Our experience is that the non-coring bit, which drills out a much greater area, has a diamond consumption slightly less than the coring bit. The non-coring bit is sturdier, and is far less liable to damage in starting holes and in drilling through cracked or broken ground.

Jan 1, 1939

By J. B. De Hart

In the September issue of the Bulletin, 1923, there is a paper by J. A. H. Church on "The Spontaneous Combustion of Coal in Mines", which is more or less a general discussion of the subject. Mr. Church gives a list of mine fires which have occurred in Alberta. Of the total of thirteen fires, six are attributed to spontaneous combustion. Of these six fires, it will be noted that five are in thick pitching seams. These fires occurred in the following mines during the years shown, at Frank in 1909; at Lovett in 1916; at Cadomin in 1920; at Yellowhead in 1922, and at Cadomin in 1923. Every one of these fires has occurred, as Mr. Church points out, in a seam of over 12 feet in thickness, and furthermore not one of these fires has been extinguished, although in every case large sums of money were expended and considerable risks . taken in fire fighting. Now it is quite evident from these facts that mines working seams of this nature are faced with a very grave danger and it behooves us to study the matter and endeavor to arrive at some practical method of preventing the loss of our coal mines from this cause.

Jan 1, 1924

By S. A. Bunk, E. C. Eccleston, J. J. Amsden

Fluidized bed technology has been widely applied to mineral and metallurgical processes. Over the years, modeling of fluidization technology has progressed to a level at which basic design parameters can usually be defined based on empirical correlations. In addition, scale-up considerations have become better understood, and significant advances have been made in the area of computer simulation. Despite these advances, fluidization is a complex phenomenon, and modeling tools remain limited in their ability to simultaneously model both fluidization and chemical process parameters. As a result, almost all mineral and metallurgical applications of fluidized bed technology require pilot testing prior commercial scale design. This paper outlines pilot plant testing requirements and process development considerations for development of low technical risk commercial designs.

Jan 1, 2011

By S. Z. R. Pinkney

Positron Emission Tomography (PET) is a medical technique that produces three dimensional images of the body, commonly to aid diagnosis and treatment of tumours. PET has been developed by the University of Birmingham in order to track particles in an opaque system which is known as Positron Emission Particle Tracking (PEPT). The object to be tracked is irradiated. As the radionuclide decays positrons are produced; when these collide with electrons a pair of concurrent parallel back-to-back gamma waves are emitted and detected, from which the position of the object can be calculated. Stirred media mills are used for particle size reduction. The mill is usually operated at high solids loading with grinding media and has a polyurethane or polyurethane-lined steel pot and is thus opaque. For this study grinding media has been directly irradiated and tracked using the PET camera during the grind. The stirred media mill can be divided into cells of equal volume known as voxels. The fraction of the total time the irradiated media spend in each voxel can be shown in an occupancy diagram. The mean velocity and kinetic energy of the media for each voxel are calculated and also plotted. In occupancy and kinetic energy plots colour indicates the value of the voxel, in dimensionless time and Joules respectively. The arrow in velocity plots shows direction and length of arrow indicates magnitude of the mean velocity for the voxel. From these diagrams and further data analysis a detailed understanding of the flow patterns, media behaviour and high energy areas of the mill can be developed. Variables considered were the tip speed of the impeller and density of the grinding media. It was found that the grinder has three distinct regions: above, at and below the impeller with each region having its own flow patterns and velocity and kinetic energy profiles. These are different for each variable and so are used to characterise the grind. Tip speed and density of the grinding media were shown to both affect the velocity of the media and the proportion of time spent in the each region of the grinder.

Aug 1, 2013

By K. G. Chipman

The Geological Survey is the oldest map making department in the Canadian Government service, and when organized in 1842, one of the first principles to be recognized was the absolute necessity of having good maps. The primary purpose of the Survey has always been geology; but because a graphic representation by means of maps makes the written report .more readily intelligible; because the correlation of known geological facts is often difficult or nearly impossible unless they can be represented on a map; and, because the public demand information shown in this way, the Geological Survey must continue to supply maps; and the supplying of these maps must be considered as an essential part of the work of the Survey. It is a commonly recognized principle of pedagogics that an appeal to the eye is quicker than one to the ear; that children (and others) learn more quickly when a thing is presented to them through the eye rather than through the ear. The application of this principle to the work of the Geological Survey is that, to a large number of people, the message of a map is more quickly grasped, is more readily intelligible, and is in many ways of more interest and value than is the same information in a report. I do not mean that the maps are of more importance than the reports.

Jan 1, 1924

By George Efremidis, Markos Avlonitis, Elias C. Aifantis, Avraam Konstantinidis

"Nowadays, there is an increasing interest for realistic spring-block models capable of addressing precursor phenomena in catastrophic earthquake-induced landslides. By pre-defining the constitutive law between externally applied stress and induced local strain increments, the dynamic behaviour of the rock/soil slope can be studied by means of the distribution of slip events at the interface between the soil and the bedrock. It is shown that by relaxing the assumption of constant of externally applied stress rate and local strain increments, a robust 2D spring-block model can be formulated for studying triggered landslides. A cellular automaton is built in order to examine the dynamic behaviour and the stability of rock/soil slopes during the initiation of a landslide. The type and nature of the failure plane, as well as the triggering mechanism is studied. The different dynamic evolution modes of the slope can be mapped to specific shape parameters of the corresponding distributions of the incremental displacements. The proposed spring-block model can be used in order to understand, predict and minimize the impact of catastrophic landslides triggered by earthquakes.INTRODUCTIONEarthquakes have long been introduced as one of the major cause of landslides. Earthquake induced landslides are of great importance because they can cause considerable damage and life casualties. Existing analyses can provide landslide concentration, i.e. the number of landslide sources per square kilometer of surface area, as well as the distance from the earthquake source, which is related to the strength of shaking, the slope steepness, which is connected to shear stress, and finally the rock type, which is referred to material strength (Keefer, 1984). In spite of their great importance in social and economic life, earthquake-induced landslides are still considered as an open geotechnical problem. The dependence of the number and distribution of landslides on earthquake magnitude and ground shaking intensities is a crucial factor for the description and determination of the phenomenon. The hazardous types of earthquake-induced landslides, the most susceptible geologic materials and the reactivation of landslides originally triggered by nonseismic activity are some important topics for areas affected by landslides. Most of these areas present an irregular and asymmetric shape with respect to epicenters and fault ruptures, and also show a strong correlation with magnitude (Keefer, 1984, 2000). The number of landslides caused by an earthquake generally increases with increasing earthquake magnitude. Keefer (1984) presented a magnitude scale in order to quantify the number of earthquake-induced landslides. Malamud et al. (2004) have proposed an independent landslide-event magnitude scale on the earthquakes, based on the logarithm of the total landslides number associated with an event. The aforementioned studies try to relate the landslide magnitude scale to the visible effects of the triggering mechanisms."

Jan 1, 2015

By R. C. Wallace

In the early explorations of the Northwest, the search for minerals played a not inconsiderable part. The first episode had its disillusioning sequel. Sir Martin Frobisher, in 1576, sailed up that bay in Baffin land now known as Frobisher bay, thinking that he had the coast of Asia on his right hand. He brought back from this expedition a piece of 'black earth' from Hall island, from which an alchemist by coaxing nature, or his own conscience, obtained gold. A second expedition of three ships was fitted out in 1577, and a third of fifteen ships in 1578. The ships were loaded with this 'black earth', which on subsequent investigation was found to be worthless, and interest in minerals for the time being ceased. In 1612 Hall and Baffin went in search of a gold mine near the Arctic circle on the west coast of Greenland, reported to be worked by the Danes. They found old workings, but no ore. To come nearer the Hudson Bay area, it is noteworthy that the charter granted by Charles II to the Hudson Bay Company in 1670, as a result of the explorations of Radisson and Groseillers, was given "-in consideration for their having at their own cost and charges undertaken an expedition to Hudson bay in the northeast parts of America, for the discovery of a new passage to the South sea, and for the finding of some trade for furs, minerals and other considerable commodities, and of their already having made by their undertakings such discoveries as did encourage them to proceed farther in pursuance of the said design, by means whereof there might probably arise great advantage to the King and his Kingdom - ".

Jan 1, 1925

By D. A. MacLeod

DURING the past fourteen months, dust surveys have been made at thirty-six mines in the Province. These surveys are made to determine the concentration of dust in the mine atmosphere, the flow of air through the mine, the methods adopted to prevent the generation of dust, and the measures taken for its elimination. When high concentrations of dust are encountered, suggestions are given for its prevention ?and elimination wherever possible. Dust sampling is absolutely necessary to determine the effectiveness of any measure taken in the prevention and elimination of dust in the mine workings. Consequently, more time has been spent on this phase of the work than on any other. The apparatus used is the Devers circular konimeter and Zeiss microscope. At various mines, the Zeiss konimeter is used, and the dust counts taken by the two instruments have given results that are closely comparable; so much so that either instrument can be used with confidence and the results obtained will compare in accuracy with those obtained by the methods used in Ontario and South Africa. Before the Workmen's Compensation Act Amendment Act was passed in November, 1936, most of the mine operators were already keenly interested in the prevention of silicosis. This interest has been intensified at all the mines, and measures have been adopted to decrease the amount of dust in the mine atmosphere. Several operators have spent a large amount of time and money in bettering these conditions, and have met with decided success. Practically all others are adopting the known methods of prevention, suppression, and elimination of dust, that apply to their ?particular mines. To prevent the production of dust in underground workings should be the first, as it is the most important, aim, especially during the time the men are underground. An atmosphere free of dust cannot be obtained, but measures can be adopted to lower the concentration that is found? in the average mine.

Jan 1, 1939

By Charles Camsell

THE Northwest Territories covers a very large area-more than one-third of all Canada-and its most northern point, Cape Columbia in Ellesmere island, is distant only 500 miles from the Pole. Our first knowledge of the Arctic Archipelago, of which Ellesmere island forms a part, resulted from a gold-mining venture in Queen Elizabeth's reign. The English navigators of that time were eager to find a north-westerly and shorter and Jess hazardous route to the riches of China and Japan than that which Magellan had discovered, but they were unaware that the continent then known to bar a direct route extended in great width far to the north. Frobisher was one of these navigators. He reached in 1576 the bay in Baffin island now named after him, convinced that he had found a passage connecting the Atlantic with Asiatic seas. Forced to re-turn after ordeals in which ice, wind, and Eskimos flayed formidable parts, he brought back, among other novelties, a piece o black stone which had been picked up casually by one of his officers, and gave a little of it to the wife of one of the venturers, or financial backers of the enterprise. To quote now from Hakluyt: ? 'She by chance threw and burned it in the fire so long that , at length being taken forth and quenched in a little vinegar, it glistered with a bright marquesset of gold. Whereupon the matter being called in sorne question, it was brought to certain goldminers in London to make assay thereof, who indeed found it to hold gold and that very richly for the quantity." On the strength of this, the venturers, anticipating much profit, launched a second expedition to secure more of this stone, and 143 persons, including 14 miners and finers, set forth in 1577 and returned the same year, with, however, 200 tons of another mineral. Influenced by glowing accounts of veritable mountains of this mineral and by assays made after "additaments"-that is how "salting" in those days was described-the venturers, including Elizabeth, supplied funds for erecting a smelter and refinery at Dartford and outfitting a stilllarger expedition. And so, in 1578, fifteen ships departed with the Queen's blessing, for the same remote shores. After many mishaps, they returned with over 1,000 tons of the mineral, but when it yielded very little of value at the works in Dartford, the? Company of Venturers was forced into liquidation. Though our first prospector and miner was rather inconsiderate of the investors, he proved the existence of an archipelago, hitherto unknown, and secured much information about the new land and its dwellers.

Jan 1, 1938

By G. S. Hume

Introduction O WING to the mineral discoveries which have recently been made in the Great Bear Lake region and the possibility of the need for fuel for transportation and development, it seems.timely ro review available information regarding the oil prospects in the vicinity of Great Slave lake and Mackenzie river, where a vast area is underlain by Palreozoic and younger sediments that undoubtedly are petroliferous. Exploratory surveys were carried out in this area by the Geological Survey and others in the latter part of the 19th century, but it was not until 1920, when drilling for oil actually began, that any serious attention was paid to the oil prospects. This is readily accounted for by the remoteness of the region, the lack of quick transportation facilities, and the shore summer season. Numerous and copious oil seepages had been reported, however, from widely separated localities, and interest was stimulated by the knowledge that these occurred in Devonian strata which had given a remarkable record of sustained production of high-grade oil in the oil-fields of southwestern Ontario. . Accordingly, during the four years 1920 to 1923, inclusive, several parties sent out by the Geological Survey made as thorough an investigation of various parts of the area as seemed warranted at that time, and from these surveys most of our information regarding the details of the stratigraphy is derived. In such a large area, it is inevitable that the lithology and thickness of rocks of the same age would show wide variations, and hence it should be recognized that conditions as regards oil prospects in the vicinity of the west end of Great Slave lake are quite distinct from those that occur near Fort Norman, 400 miles farther to the northwest, and these again are in all probability quite different from those in the less well known Arctic Red River area, 250 to 300 miles still farther north.

Jan 1, 1932

By K. Stankiewicz

Projects as regards state-of-the-art mechatronic systems aiming at increase of safety in the mining industry and at improvement of coal production technologies, which have been completed at the KOMAG Institute of Mining Technology, are presented. These projects cover automation, monitoring and visualization systems, systems for implementation of artificial intelligence techniques, and database recording systems. iRIS system for electronic marking, identification, and recording of components of powered roof supports, which was implemented in 31 Polish mining enterprises, is presented as an example of the work directly associated with an increase of operational safety. Specialists from KOMAG, ELSTA, Ltd., and Silesian University of Technology in Poland, have developed flexible, configurable, and scalable system for data management, which refers to all fixed assets of mining enterprises, meeting the requirements of users as regards marking and identification of fixed assets. The system for control of roadheaders using intelligent algorithms, based on artificial intelligence techniques is also the example of innovative actions. This system aims at increasing the safety and effectiveness of teamwork due to a possibility of remote, semiautonomous operation. Introduction of artificial intelligence technology enables adaptation of roadheader mining system to the present mining-and-geological conditions. Moreover, work aiming at implementation of state-of-the-art system for control of mine jig?s beneficiation node, integrating machines and equipment in one system, is carried out as regards automation, information integration, and visualization in coal beneficiation process. Work on recovery and conversion of thermal energy, which is a by-product during operation of machines and equipment, especially mine diesel drives, is presented. Systems for energy recuperation are more and more important due to the necessity of continuous increase of power production efficiency.

Aug 1, 2013

By Jas. E. Thomson

PUBLIC attention was first attracted to the Crow River area of north-western Ontario by the discovery of gold in 1928. The first three discoveries were eventually developed into Central Patricia, Pickle Crow, and Albany River mines. In 1929, preliminary developments were carried out at the Howell vein on N.A.M.E. (later Pickle Crow) claims, and in 1929 and 1930 surface and underground work indicated an ore-body at Central Patricia mine. However, due to the financial depression and the distance of these properties from the railway, it was not until 1934 and 1935 that, benefitted by the revaluation of gold, the real potentialities of these two properties began to be realized. Their immediate success led to a resumption of activity on neighbouring properties throughout the area in 1936 and 1937. Preliminary prospecting in the earlier period had been limited by the scarcity of rock exposures in the country. The procedure in the recent programme of intensive exploration has been along similar lines at most properties and has consisted lf detailed geological mapping accompanied by geophysical surveys and followed by systematic drilling of favourable zones. The present importance of the camp may be judged by the fact that, in 1937, Central Patricia and Pickle Crow mines together produced bullion valued at $3,662,953, and paid $1,450,000 in dividends. In addition, there were pro-mising gold developments at Albany River mine. During the past two seasons, the Geological Branch of the Ontario Department of Mines has been making a fairly detailed study of the geology and mineral deposits in the Crow River area. It is the purpose of this paper to present a brief statement of some of the structural features of these deposits; a summary of other geological information essential for the understanding of the main topic is included. A more detailed report on the area will be published shortly by the Ontario Department of Mines. It is impossible to make full acknowledgment here for all help received, for the writer is in-debted to the management, staff, and consultants of every Company in the camp for generous co-operation in the field and for information, plans, maps, and records placed at his disposal. Reports and articles on properties in the area have been written by Hurst (1), Cormie (2), Reid (3), and the staff of Pickle Crow Gold Mines ( 4).

Jan 1, 1938

By Karl J. C. Harries

This paper looks briefly at some of the agreements and types of royalties that may be met during exploration activities, but does not go into details relating to them. Agreements can either make or break a deal or relationship. A well drafted, comprehensive and fair agreement can create good relations and trust among the parties and will go a long way towards making a deal work. In the best of all worlds the agreement will be put away and not need to be referred to after it has been signed (but it will be there if needed to sort out potential problems). On the other hand, a poorly drafted agreement or one that is inappropriate to the circumstances or unfair to one of the parties can break a deal and end up with the parties facing each other in that expensive, unproductive and time-consuming occupation ? a lawsuit. Accordingly, it is advisable to involve professional advisers with any agreement. The straightforward one may involve no more that a read through whereas the more complex agreement will require considerable involvement. There is, however, one rule for every explorationist to remember: a professional adviser is only an adviser. His responsibility is to make sure that you have the necessary information to make a reasoned decision but the decision is yours, not the adviser?s. It is your deal, you are going to have to live with it, and it is inappropriate for an adviser to introduce new concepts or amend negotiated ones without your specific instructions. Mineral exploration agreements, although basically option, acquisition and joint participation agreements, come in all the shapes and forms, appropriate to give effect to the endless variety of deals negotiated by the ever-active minds of explorationists. You will note the reference to "joint participation agreements" rather than "joint venture agreements". The latter term was purposely avoided because, with the current activity of explorationists from common law jurisdictions in civil law jurisdictions, it has become necessary for the explorationist to become familiar with corporations and shareholders agreements. As most of you are no doubt aware, under the civil law system a joint venture is normally not recognized as a legal entity and, therefore, joint participation in projects is usually by way of corporations.

May 1, 2003

By E. E. Mueser

As Mr. Lundberg has already ably covered the theory of various methods of electrical prospecting, I shall confine my remarks to a consideration of the features which must obtain in an electrical prospecting method in order that it may be useful from a practical standpoint. These remarks I shall make with particular reference to the Elbof method. The successful application of all these methods rests, in the first place, upon the possibility of correlating theory, or empirically established facts, with the field data. Their practical usefulness, however, requires that the technique of making the field observations, and the procedure itself, be such that the method may be applied to large areas, under normal average conditions. The method, therefore, should not involve excessive preliminary labour costs to prepare the ground for actual prospecting work, nor should the prospecting work itself be so slow that its cost, when applied to extensive areas, becomes prohibitive. Moreover, it should be possible to apply the method even under difficult terrain conditions, such as rough topography and dense vegetation. It may be said of most of the methods referred to in the preceding paper, that, while they are interesting and theoretically sound, they fail to meet such practical requirements as I have outlined.

Jan 1, 1926

By M. H. Govett, G. J. S. Govett

"The current American ""energy crisis"", occurring in the midst of a global debate on the adequacy of mineral supplies to support present and projected levels of world consumption, has focused attention on Canada as a major world producer of minerals. Exports of minerals account for approximately one-third of Canadian foreign earnings; more than half of these exports are to the United States. Although the United States is a net importer of most industrially important metals, with the exception of nickel and zinc, only a small part of American mineral imports are from Canada; these imports are minerals for which geographical proximity and strategic considerations are important. In the short-term, Canada is more dependent on her exports to the U.S. than America is on imports from Canada. It is argued that Canada, far from indulging in economic nationalism to preserve her resources, should expand her exports while the markets are available."

Jan 1, 1973

By K. Chotruangprasert

This paper explores Global Reporting Initiative (GRI) reporting practices within the mining industry. Specifically, this paper investigates how and why a mining company makes voluntary reporting decisions to include the GRI indicators that may be considered ?negative? to the company?s reputation. Due to the voluntary nature of the GRI Guidelines, a GRI adopter is not legally obligated to report every GRI indicator. Not surprisingly, empirical studies that evaluated the extent to which companies? sustainability reports meet the GRI requirements (Guenther, Hoppe, & Poser, 2006; Morhardt, Baird, & Freeman, 2002; Samy, Odemilin, & Bampton, 2010; Skouloudis, Evangelinos, & Kourmousis, 2009) have found that reporting practices of the companies under their studies are well below the standards reflected in the GRI Guidelines. An influential study by Clarkson et al (2008) uses economic-based and socio-political theories to explain variation in companies? environmental disclosure. They have found that, as predicted by economic-based theory, superior environmental performers disclosed more ?hard? (i.e. verifiable) environmental information. Inferior environmental performers are found to disclose more ?soft? (i.e., not easily verifiable) claims, which is consistent with socio-political theories (Clarkson, Li, Richardson, & Vasvari, 2008). However, this study and the existing literature do not adequately explain why a company may act in a way that cannot be explained by economic-based and socio-political theories, for example, why it would report some negative soft data that it is not required to report. This paper intends to address this literature gap. GRI reporting by a Canadian mining company, which I would like to call ?Company C?, is used as a case study for this paper. Company C was selected for this research because in addition to ?positive? information, its GRI-based sustainability report also includes both hard and soft ?negative? information such as grievances. Research methods include interviewing Company C?s employees who are involved in preparing GRI reports and reviewing documents prepared both by the company and by external parties. I find that integrative social contracts theory (ISCT) offers a valuable explanation to Company C?s reporting practices. From the ISCT perspective, Company C?s management appears to feel that the company is obligated under social contracts to be transparent. Therefore, Company C disclosed both positive and negative social and environmental information to the public because the management appeared to think that it is the right thing to do. At the same time, being transparent about the bad news gave the company an opportunity to conclude that it had done something to avoid future occurrence of the negative incidents. Therefore, I propose that, in addition to the economic and socio-political theories that are more often used in literature, insights from ISCT are instrumental in improving our understanding of the corporate non-financial reporting practices phenomenon.

Aug 1, 2013

By Christopher R. Lattanzi

"Discounted cash flow analysis provides a means of relating the magnitude of expected future cash profits to the magnitude of the initial cash investment required to purchase an asset or to develop it for commercial production. The objectives of discounted cash flow analysis are to determine:.. The net present value of a stream of expected future cash revenues and expenditures... The rate of return which the expected future cash flows will yield on a given level of initial cash investment.In the case of mineral properties, discounted cash flow analysis is generally accepted as the preferred method of valuation, whenever sufficient data are available to permit its reasoned application. Sufficient data are required to support estimation of all of the individual elements of cash revenue and cash expenditure which will be associated with the development and operation of the property, up to the end of its estimated life. It is the accuracy of these input estimates which determines the validity of the resulting determinations of profitability and rate of return on invested capital.In undertaking any discounted cash flow analysis, it is important to recognize certain fundamental attributes of the mining industty:.. The basis of any mineral development is the existence of an ore reserve... Costs are determined by the number of tonnes mined and processed, while revenues are determined by the number of pounds or ounces of metal produced. The two are related by the recovered grade of the ore... Profit is typically more sensitive to changes in revenue than it is to changes in cost... Commodity price is a principal determinant of revenue, but it is also the factor with which is associated the greatest level of financial risk.In the end, of all of the factors which must be considered in the discounted cash flow valuation of a mineral property, the most significant are the reliability of the reserve estimate, particularly with respect to recovered grade, the price at which the product is to be sold, and the risk of not maintaining the projected level of price."

Jan 1, 2003