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By A. G. Scobie

A spectrographic method for the determination of small amounts of gold and the platinum metals in ores has been developed. By means of this method, an assay of 0.001 ounce per ton on one assay ton samples is possible, and by seecrrographic adjustments the sensitivity may be increased to 0.0001 ounce per ton. All the prec10us metals may be determined from one spectrographic arcing with an accuracy of about 5 per cent average deviation from absolute values, and the complete analysis of an ore or similar product may be reported five or six hours after receipt of sample.

Jan 1, 1945

By H. Warren Newcomen, Dennis C. Martin

"This paper describes the investigation of a large, progressive slope failure on the southeast wall of the east pit at Highmont Mine, British Columbia Geotechnical investigation s consisted of geological and structural mapping, assessment of blasthole drilling records, review of rock core information, slope movement monitoring and back analysis of various possible failure modes. Climate records and mining history were also assessed to determine their relationship to slope movement.Analysis of movement monitoring records and geotechnical information indicates that the failure is deep seated. The upper portion of the failure surf ace occurs along clay filled discontinuities. The lower portion of the failure surf ace appears to occur through the highly altered rock mass. High groundwater pressures and mining at the toe of the slope are documented to have had a major influence on stability at various times during the failure. Stability analyses results are presented and possible remedial measures are discussed.IntroductionHighmont Mine is located near Logan Lake in the Highland Valley approximately 50 km southwest of Karnloops, British Columbia (Fig. I). Mining of the porphyry copper and molydenum ore bodies began in 1980. In May, 1983, when mining in the east pit had progressed to a depth of about 60 m (200 feet) , a failure (designated the Southeast Failure) began to develop in the southeast corner of the east pit. Subsequent mining to a depth of 110m (360 feet) was accompanied by frequent and substantial slope movements involving between 500000 and I 000 000 m3 of rock . The slope was monitored extensively to assess short-term movement trends for operational safety. Geological mapping, core logging and rock mechanics testing were used in conjunction with the long-term monitoring information to determine the failure mechanism, conduct stability analyses, assess the effects of instability on pit design and enable design and installation of remedial measures."

Jan 1, 1988

By L. E. Reed, I. G. L. Sinclair

An exploration program seeking kimberlite pipes, the common primary hosts for diamonds, Was' conducted during the years 1979 through 1982 in the James Bay Lowlands of Ontario by Selco Mining Corporation (now the Mining Division of BP Resources Canada) and Esso Minerals Canada. The area to be explored was selected on the basis of its regional geological setting, and because of the known presence of kimberlite indicator minerals in the region. The primary exploration technique was low level airborne magnetic surveying, followed by detailed ground geophysics. This work located many pipe-like bodies, with diameters of a few hundred metres, as well as several dykes. Targets located by these geophysical methods were drilled, intersecting a total of45 intrusions, consisting of34 alkaline diatremes containing tuffisitic breccias, 7 carbonatites, and 4 massive alnoites. K-Ar determinations indicated ages of 152 Ma and 180 Ma for two of the massive alnoites. The texture and general mineralogy of the tuffisitic breccias are similar to those of diatreme facies kimberlites, but detailed examination of their mineralogy and chemistry demonstrated that they lie within the alnoitic rather than the kimberlitic compositional field. Although the exploration program did not lead to the discovery of true kimberlites, it did demonstrate the presence of a large, previously unknown province of alkaline volcanic activity, which has no surface expression.

Jan 1, 1991

By Roméo Roussin

"The yearly production from the Asbestos Hill pit is 1,550,000 tons of asbestos ore, with a yield varying between 18 and 20 % . The orebody was exposed at the top of a hill, and initial production started without having to remove any overburden. The projected ratio of barren rock to ore, based on the present orebody, was 2 to 1. However, as it was necessary to push back the upper benches, this ratio has changed to 3 to 1. The final pit will be 2,300 feet long by 1,000 feet at the longest and widest points. The final depth will be 680 ft. A pit slope stability study was carried out and an average wall angle of 60-70 degrees must be maintained. Preshearing of final pit limits will produce good wall stability. Permanent access ramps will be 60 ft wide, with an 8 % maximum grade. Geological conditions and the low rock temperature are the major causes of the operation's drilling and blasting problems."

Jan 1, 1976

By M. Silver, R. H. McCorkell

The effects of covering materials on radon emanations from uranium mine mill tailings were investigated. Granular materials with air in the spaces allow radon to pass freely. Moist covers of compost or soil decrease radon emanation from tailings. Water-saturated covers were more effective, and freezing the tailings with these covers further decreased radon escape. Water itself is a poor radon barrier probably due to circulation. Plants had no effect on radon emanation through soil. Although radon diffusion through water-saturated powders appears to be very slow and inefficient, about 25% of the radon escaping from the grains in water-saturated tailings diffuse to the surface and emanate when no cover is present. The radon escaping from tailings through covers of water-saturated compost or soil is no more than could be accounted for by radon produced in the covers themselves.

Jan 1, 1987

By M. E. Wilson

"The property of McWatters Gold Mines, Limited, is in the east-central part of Rouyn township and about 6 miles east-southeast of the town of Rouyn. It includes 35 claims, the group of 5, staked originally, and 30 claims acquired in later years. The Rouyn-Val d'Or road and the Noranda Senneterre branch of the Canadian National railway both pass within a few hundred feet of the mine.The group of claims in which the mine occurs was first staked in 1922, but gold was not discovered until August 1932 when a schistose zone including veins of quartz carrying considerable free gold was laid bare in a stripped area in the northeastern part of claim R.11604. Diamond drilling undertaken in 1932, and continued into 1933, shouwd that the gold extended for at least 1,000 feet along the strike. A 3-compartment shaft was sunk to 418 feet in 1933. A mill having a capacity of 50 tons a day was constructed in 1934, and enlarged to 150 tons in 1935. Production began in 1934 and continued without interruption to June 1944. Except for a few diamond drill holes, there have been no operations on the property since that time. The maximum depth of the mine workings is 1,50) feet. A total of 368,013 tons of ore having a value of $3,946,752 and an average grade of $11.04 was mined during the years of operation.GEOLOGYThe ore mined from the property occurred within the south limb of an eastward plunging syncline of volcanics and sediments cut off on the north by the Cadillac-Bouzan Lake fault. Because the rock formations within the syncline have been severed from those outside with which they were originally continuous, their correlation is based almost wholly on lithological similarity. They include an irregular middle zone of conglomerate and greywacke underlain by north and south bands of andesite agglomerate and andesite tuff, in which lenticular bands of pillowed andesite are included."

Jan 1, 1954

By V. K. Karra

"A simplistic algorithm jar simulating the rod or ball mill Bond grindability test applied to ores and minerals is presented. A performance comparison between the present algorithm and a previously published algorithm by Kapurot, modified in this work jar a fair evaluation, is also given. A worked example is furnished jar leading the reader through the various calculations.IntroductionThe Bond grindability test is widely used for the prediction of the power requirement of an industrial grinding mill. The procedures for conducting this test in either a ball or a rod mill are available(1). In the case of a ball mill, batch grind abilities have been correlated to Bond grindabilities to help monitor day-today variations in ore grindability for the purpose of plant control( 2,3). Of special interest is the algorithm presented by Kapur(3) for the simulation of the Bond test. In practice, the test lasts from 6 to 14 cycles (4 to 10 hours). With this algorithm, one can predict the Bond grind ability using information available from only the first two cycles.Sometimes the prepared feed for the grindability test contains too much fines compared to the total product desired at the mesh of grind under consideration. In such a case, the operator separates the fines from the test feed and adds to the remaining coarse fraction an equal amount of fresh feed. This combined feed then forms the feed to the first cycle of the test. In the present work, Kapur's algorithm is modified to include this special case. A new and relatively simpler algorithm is also presented. Statistical equations relating work index to pertinent variables are also given."

Jan 1, 1981

By Robert B. Parsons

"The Department of Finance introduced draft amendments to the resource allowance regulations on July 23, 1992 that effectively nullify the decision in the Gulf Canada Limited case. Prior to the amendments it appeared that only ""directly"" related general and administrative, capital cost allowance and scientific research expenditures had to be deducted from resource profits. Now ancillary expenditures are required to be deducted. Consequently, the ability of taxpayers to claim the resource allowance is curtailed.IntroductionOn October 25, 1990 it was almost certain that taxable mines were going to get a break. The Federal Court-Trial Division had just decided in Gulf Canada Limited's favour to allow it to claim resource related tax benefits larger than what Revenue Canada evidently wished. Revenue Canada appealed first to the Federal Court of Appeal and then to the Supreme Court of Canada. On January 10, 1992 the Federal Court of Appeal agreed with the Federal Court decision and on July 2, 1992the Supreme Court declined to hear any further appeal. A mere three weeks later, on July 23, 1992, the Department of Finance issued draft ""clarifying"" measures to amend the calculation of the resource allowance. These measures effectively nullify the benefits that arose under the decisions of the Federal Court."

Jan 1, 1992

By Gary Hawthorn

"Laboratory testing, by Lakefield Research determined that, in spite of the relatively high pyrite content of the Golden Rose (GR) orebody, it would respond well to gravity concentration followed by either direct cyanidation or cyanidation of a flotation concentrate.Economics favoured the former choice which became the adopted process flowsheet.During the latter stage of the feasibility study, the Dekalb 500 tpd copper flotation mill became available in the Highland Valley of British Columbia. This plant was purchased by Emerald Lake Resources, and was moved to the Golden Rose minesite.The crushing and grinding circuit were retained and the original flotation circuit was replaced with a 400 mtd gravity plus cyanidation circuit. The plant commissioning commenced in August 1987, and by early September was processing 300 tpd.HistoryThe Golden Rose Mine was operated by Cominco during the period 1935 to 1941 processing 146000 tons grading DAD oz/t Au at a rate of 110 tpd .The process flowsheet consisted of gravity plus amalgamation followed by cyanidation.Metallurgical TestingThe underground mining areas were below the level of Emerald Lake, and had flooded on abandonment in 1942.Samples for metallurgical testing were collected from exposed faces underground once the mine had been dewateredin 1984.In spite of the anticipated high pyrite content of the ore samples, it was apparent from the success of the previous operation that the pyrite did not interfere with the gold recovery.Laboratory testing, at Lakefield, determined that, from a technical perspective, two metallurgical options existed, as shown in Tables I and 2.Note that the very high pyrite content of the ore precluded the possible direct marketing of concentrate. The process flowsheet, therefore, had to contain a cyanidation circuit for the operation to succeed financially.Although the anticipated metallurgy was excellent with either option, the 2.1 % increase in gold recovery with the gravity plus cyanidation option made this the clear choice."

Jan 1, 1989

By G. W. Clark

"The mining of the ore bodies at Rabbit Lake has in the past been by the open pit method. This method is presently being used to develop the B-zone and will continue into the future with the development of two smaller ore bodies, the A-zone and D-zone. The Eagle Point orebody will be developed by an underground method which will provide production and employment into the next century.The ore bodies at B-zone, A-zone and D-zone are unique in that they are located under Wollaston Lake. To permit mining by the open pit method a steel-celled dyke has been constructed around the north end of the B-zone. This same dyking method will be used for the A -zone and D-zone. INTRODUCTIONMine development at Rabbit Lake commenced in 1970when a detailed engineering feasibility study established the viability of the Rabbit Lake deposit. In 1972 construction of the mill and camp site began. Construction materials were seasonally hauled to the site over a winter road until November 1973when the government of Saskatchewan completed an all-weather road to within six miles of the operation.In October 1974, stripping of the Rabbit Lake open pit began with the removal of overburden and lake bottom sediments from the previously drained Rabbit Lake. The first ore was processed by the mill in June 1975and by October the mill was producing three million pounds per year. The design capacity of five million pounds annually was first achieved in 1977 and maintained until 1981, when lower ore grades resulted in lower production rates .It was clear when mining at Rabbit Lake began that, without additional reserves, the Rabbit Lake operation had a life of less than 10 years. Exploration, therefore, continued in the immediate area in an attempt to discover additional uranium mineralization."

Jan 1, 1989

By F. L. Casey

"Part 1 – Published Papers Baria, G., and Boshkov, S., ""Insights into Undercuttingin Block Caving"", Proc. 5th Rock Mech. Symp.,Mines Br. - Information Canada, 41-58, 1970.Barron, K., Coates, D. F., and Gyenge, M., ""ArtificialSupport of Rock Slopes'', Mines Branch ResearchReport R228, July, 1970.Barron, K., ""Criteria for Brittle Fracture Initiation inand Ultimate Failure of Rocks and Their Applicationto Fracture Zone Prediction"", Proc. 2ndCongr. Int. Soc. Rock Mech., Belgrade, 1970, 3-37.Bauer, A., and Calder, P. N., ""Projectile Penetration inRock"", Proc. 5th Rocle Mech. Symp., Mines Br. -Information Canada, 157-170, 1970.Bauer, A. M., ""Site Development and Rehabilitation ofPits and Quarries"", Canadian Mining Journal,Vol. 91, No. 7, 77, July, 1970."

Jan 1, 1971

By James L. Parks, David M. Kjos

"Designs, installation procedures and performance characteristics of martensitic cast steel concaves are reviewed. Longer wear life, fewer pieces to install and eliminating the need to scarf joints are the principal benefits of using martensitic steel to replace austenitic12% Mn (Hadfield's) steel, the traditional concave material for large gyratory crushers. Installation procedures that reduce the risk of breakage are described. Operating practices that affect concave performance are also discussed.IntroductionThe crushing machine considered to be the forerunner of the modem gyratory crusher was patented in 1878 by Charles M. Brown of the Gates Iron Works(1). The earliest gyratory crushers with receiving openings of 6 to 12 inches were fed by hand, and the crushing capacity of a mine was increased simply by installing more small crushers. The introduction of the steam shovel to open pit mining around the tum of the century provided an incentive for much larger primary crushers, and gyratory crushers with a 48 in. receiving opening were being built by 1910, followed not long afterward by machines with 54 in. and 60 in. openings to . Fortunately for the crusher maintenance people of that era, an austenitic 12% Mn steel with exceptional toughness was already available, having been discovered by Robert Abbot Hadfieldoi in 1882. Although small gyratory crushers working soft- to medium-hard rock reportedly used chilled cast iron (white iron) wear parts, these newer and much larger machines were fitted with ""Hadfield's manganese steel"" concaves and mantles to withstand the impact associated with handling large rocks .M E International first challenged the long-standing convention of using 12% Mn steel concaves in large gyratory crushers in the late 1960s when they supplied upper row concaves in martensitic cast steel for a 60-109 primary crusher at a taconite plant on the Iron Range. Since then, martensitic steels have been successfully substituted for 12010 Mn steel in concaves for more than seventy primary gyratory crushers processing iron, copper and precious metals ores, industrial minerals and crushed stone.This paper reviews materials, designs and performance characteristics of martensitic steel concaves in large gyratory crushers. The principal benefits include significantly longer wear life, fewer pieces to install and the elimination of scarfing. Obtaining the full measure of these benefits and minimizing the risk of breakage is strongly dependent on installation procedures, which are described in some detail. Operating practices that can affect performance are also discussed."

Jan 1, 1993

By Janet E. Halliwell

In keeping with the traditions of the Science Council of Canada - an independent and forward looking agency that applies broad and multidisciplinary analyses to the various issues it examines the author indulges in a holistic approach to the integration of the environmental, scientific, economic, and cultural concerns. This paper will characterize the changing conditions which the mining industry is facing. It will then explore the changing expectations of society with respect to environmental sustainability and how those attitudes in turn, must influence the strategic directions and attitudes of the industry, and within that, the role of science and technology.

Jan 1, 1991

By T. Thriveni, Ji Whan Ahn

"The current advanced technologies for the manufacture of light weight metals processing significantly increasing and attributes to the safety, performance, recyclability and economy. Still lack of technologies developed for light weight metals processing waste utilization and application. Environmentally friendly methods need to develop for better understanding the processing waste utilization. Alumina and aluminium processing creates a wide range of waste products, the most significant being is red mud. Bauxite residue is a high volume hazardous waste and nearly 3 billion tons have been dumped worldwide. Approximately, 120 Million tons/yr of red mud being produced without any environmental sustainable solution. Currently the most significant technology is waste utilization. The bauxite residue is suitable for road base construction, golf bunker sand, back fill and, general fill. Sustainable recycling technologies are necessary for the bauxite residue utilization for the recovery of rare earth elements and cement materials. Carbonation or CO2 sequestration of carbon dioxide is a method pioneered for the bauxite residue is modified to reduce alkalinity. The carbonation of alkaline material is an inexpensive and safe process that leads to the formation of thermodynamically stable products. The use of the carbonation can be an advantageous solution for environmental climate change and sustainability problems in the new century.INTRODUCTIONIn 2014, bauxite consumption was estimated to be 9.6 million tons, nearly all of which was imported, worth an estimated 269 million dollars. More than 95% of the bauxite was converted to alumina, and the remaining 5% went to non-metallurgical products, such as abrasives, chemicals, proppants, and refractories. Global aluminum demand is growing steadily spurred by growth in India and China (RBCAluminum Market Outlook, 2013) (Figure 1). Aluminum consumption is expected to rise 5% annually through the end of the decade, reaching 67 million tons per year by 2020. Global bauxite production decreased by 17% from that of 2013, principally owing to lower production in Indonesia. In response to a Government ban on exporting bauxite and other unprocessed mineral ores that took effect on January 12, 2014, bauxite mines throughout Indonesia shut down and production decreased from 55.7 million tons in 2013 to an estimated 500,000 tons in 2014. The ban was part of a mining law that was instituted in 2009 to increase development of downstream processing facilities in Indonesia."

Jan 1, 2016

By G. P. Kundargi

India is one of the fastest growing economies in the world. The role of the Iron & Steel industry is very important for the development of the country. Iron and steel are among the most important components required for the infrastructure development of the country. This is one of the fastest growing sectors. The demand drivers for the Indian Iron & Steel industry are increase in the activities of the manufacturing industry and infrastructure development. Indian Iron & Steel industry with its strong forward and backward linkages contributes significantly to overall growth and development of the economy. The industry today directly contributes 2% of India?s Gross Domestic Product and its weightage in the official Index of Industrial Production (IIP) is 6.2%. Manganese is a main ingredient for production of steel. Almost 90% manganese is being utilized by the steel industry worldwide. Globally, there is no substitute for manganese as on date. There is huge gap between demand and production of manganese ore in the country. To meet this demand gap and to support for growth of national economy, MOIL Limited (formerly Manganese Ore India Limited), a Government Enterprises, producing annually around 1.1 million tonnes (mt) of manganese ore and value added products, has geared up with various infrastructural activities to increase the present production capacity of 1.1?1.5 mt in 2016?2017 and 2.2 mt in 2020?2021. The paper deals with the technological improvements and infrastructural development activities of MOIL; this will help MOIL to become the market leader in manganese ore production globally in the coming years.

Aug 1, 2013

By J. W. Reynolds

"The use of approved fire-resistant hydraulic fluids in equipment operating underground was made mandatory in British Columbia by amendment to the Provincial Mines Regulation Act effective January 1, 1975. This paper covers the action taken to achieve this, in the largest underground metal mine in British Columbia. Some evaluation of costs and effects based on experience to date is included.BackgroundAn amendment to the Mines Regulation Act of the Province of British Columbia was passed in July 1974 as follow s: "" Rule 111 (b) Hydraulic Fluids. After the first day of January 1975, all hydraulic fluids used in equipment operating underground shall be of a fire-resistant type accept able to the chief inspector.""Unquestionably, its intent was justified as a safety improvement measure. The list of fires in mines involving machinery where hydraulic fluid was a factor in the fires is long and sobering. In British Columbia, in a 22-month period from 1972 to 1974, there were six fires in metal mines resulting in extensive equipment damage and injury to four workmen. Nevertheless, no provision was made for research or development of systems modifications compatible with conditions encountered in B.C. and, as late as June 1977, the Mining Association of British Columbia continued to argue that fire suppression systems should be considered sufficient until a universal suitable hydraulic fluid could be developed. The sole concession was to issue permits for continued use of mineral oil in equipment bought prior to 1975 in order to allow producing operations to continue. The burden of developing the necessary technology was laid on the industry.The Sullivan Mine at Kimberley, the largest and longest established underground mine in the province, and Cominco's most important source of ore s for its smelter at Trail, B.C., was at the outset of a conversion from conventional to trackless mechanized mining methods in pillar recovery operation s. Introduction of fire-resistant hydraulic fluid s had to be done in a period of change, in many instances on equipment for which no data existed, and called for research which had to be done while retraining the work force.The introductory phase is complete. All equipment is on FRF, the requirements of Rule 111(b) are being satisfied, and a number of research and development programs continue."

Jan 1, 1980

By K. D. Eng, W. T. Tierney

"During the past century, the development of vehicular transportation has benefitted tremendously from the performance improvement in engines in a situation where low-cost, plentiful fuel supplies were the order of the day. Engine advances were enhanced by and also dictated fuel modification to better adapt the energy source to the power plant.In discussing the several aspects of the change in approach from ""an engine and its fuel to a fuel and its engine"", the authors touch on the following areas:1. Description of an engine concept that provides the needed flexibility in fuel appetite at good efficiency to cope with future requirement s.2. The constraints placed on liquid fuel resource energy utilization efficiency by special engine-required fuel properties and the fuel efficiency of the various engine types available.3. Future vehicle engine fuel sources. This review will put into perspective the problem associated with the net energy available from future fuel sources under extensive research and development at present.4. A brief review of test data to show that fuel-tolerant and fuel-efficient engines are viable and that, in a fuel-resource-limited future, they can be a ""light at the end of the tunnel.""The Texaco Controlled Combustion System (TCCS)The TCCS is a unique means for stratified charge operation of an internal combustion engine in such a manner as to eliminate the requirement for octane or cetane number specification for the fuel. Octane rating is an empirical engine test method that evaluates a gasoline's resistance to spontaneous ignition or ""knock."" Cetane is based on a different engine test, which determines a diesel fuel's ease of spontaneous ignition . High cetane number enhances cold starting and permits high-speed diesel engine operation. As one would expect, the fuels in current use cover a band when the two values, octane and cetane, are plotted against each other."

Jan 1, 1982

By T. G. Carter

"This paper traces the introduction and use of fire-resistant (FR) fluids in hydraulic systems at underground mines in British Columbia. Reasons are given for the decision to make compulsory the use of such fluids in underground mines after January 1, 1975 by provincial government legislation. Examples are quoted of fires caused, or supported by, mineral oils which have resulted in loss of life and property.The basic principles of hydraulic systems are reviewed in order to present the effects of changing a system operating on mineral oils to one which must operate on FR fluids. Approximations of the cost of system conversions are given for certain machines and a brief survey is made of the various pieces of underground equipment which contain hydraulic systems operating on FR fluids.IntroductionIn 1948, Admiral Ben Moreel , who was then president of Jones and Laughlin Steel Corporation in the United States , wrote:""Although safe and healthful working conditions can be justified on a cold dollars-and- cents basis, I prefer to justify them on the basic principle that it is the right thing to do. ""(1)This paper will outline the introduction and use of fire resistant fluids at mine operations in the Province of British Columbia. That it was the right thing to do in enhancing the safety and well-being of every person employed at the mines was the prime consideration. That it may be justified on a cold dollars-and-cents basis is left for the reader to judge. The prime purpose of this paper is not so much to trace the efforts made by the individual mines to successfully introduce and use fire-resistant (FR) fluids in hydraulic systems, but to present an over-all picture of what occurred, in a collective sense, at the majority of mines which have ended up with a working FR fluid system. The problems attendant to the introduction of an FR fluid will be recounted in a manner which, it is hoped, will prove useful to those contemplating system conversions. Because the predominant fluid now in use is an invert, or water-in-oil. emulsion, this will be the FR fluid considered.Fluid Loss from SystemsThe quantities of various fluids required for use in hydraulic systems are extremely high. This statement in itself may appear to be redundant in that the capacities of the various systems should demand that a fixed amount of fluid is required for the initial filling of a system, with a further amount of fluid scheduled for use during subsequent fluid changes, i.e. at the recommended change intervals . If only this were the case!"

Jan 1, 1981

By Bruce C. Fielder

"The concentration of uranium in orebodies discovered in the Athabasca Basin of northern Saskatchewan over the last 20 years has increased by a factor of 100. These high grade uranium orebodies are associated with high concentrations of radionuclides, complex mineralogy and an elemental makeup that includes base metals, arsenic, and molybdenum. Exploiting these high grade ores has required metallurgical advances in milling, tailings disposal and effluent treatment as well as changes in the design of uranium mills.This paper describes the most significant advances, including advances in dealing with the environmental issues which have become more prevalent in recent years. The milling processes of the Cluff Lake Mill, Key Lake Mill, Rabbit Lake Mill, and McClean Lake Mill are compared to illustrate both similarities and differences necessary for milling different orebodies.BackgroundUranium mining in Saskatchewan started in 1953 when the Beaverlodge Mine, owned by Eldorado Nuclear Limited (Eldorado), came into operation at Uranium City. Development in the Athabasca basin started in 1975 when the Rabbit Lake mine came into operation. This was followed by the start-up of the Cluff Lake mine in 1980 and the Key Lake mine in 1983. The McClean Lake mine is forecast to start up in the near future. The McArthur River mine recently received construction approval and the Cigar Lake Project and the Midwest Project are currently in the environmental approval process.The Beaverlodge operation ceased production in June 1982 after nearly 30 years of operation. The Rabbit Lake mill processed Rabbit Lake ore from 1975 until 1985, Collins Bay R-Zone ore from 1985 until 1993, and is currently processing ore from the Eagle Point mine (Bharadwaj, Jarvi and Lam, 1996). The Cluff Lake mill processed ore from the D- Orebody from 1980 until 1984. Since then the Claude orebody has been processed and the OP and DS orebodies are presently being milled (SRK. Senes and Melis, 1987; and Cogema Resources Inc. 1994 ). The Key Lake mill processed ore from the Gaertner ore body from 1983 until 1989 and Deilmann ore has been processed since (Cameco Corporation, 1992b and I 994a). Processing of McArthur River ore in the Key Lake mill is scheduled for 1999. The McClean Lake mill will be processing ore from the JLR, Sue and McClcan orebodies associated with the McClean Lake mine. In future ore from the Cigar Lake and Midwest projects will be processed in the McClean Lake mill. (Minatco Limited. 1991a)."

Jan 1, 1998

"In the first half of 1990, Cambior earned $1104 million, or $0.37 per share, on revenues of$66.4 million. The company's strong cash position, attained late in 1989 and in the beginning of1990 through the exercise of warrants, put working capital at $83.8 million as of June 30, 1990. Long-term debt was reduced by over $10 million during the weak gold market, leaving the company with a debt to equity ratio of only 0.03. Production for the six first months of 1990 was 107 720 oz. Au, an increaseof24% over the corresponding period in 1989.Financial Profile/Results and Corporate Financial StrategiesTotal revenue for the 1989 fiscal year was $116,883,000 compared to $109,848,000 for 1988. The 1989 results achieved despite a lower average gold price, resulted from a higher level of commercial gold production and a 115% increase in investment income over 1988. Investment income rose to $3,568,000 in 1989 due to higher levels of cash assets.Cambior's mine operating costs increased 19% to $68,561,000 in 1989 from $57,472,000 in 1988. This increase resulted from rising operating costs at the Doyon Mine ($250/oz to $274/oz) due to the shift from open pit to underground operations, as well as from the start -up of three new mines with relatively higher costs. These costs have reached a stable level that should be maintained for the next few years.In 1989, net exploration expenses were $6,838,000, down 31070 from 1988, partially due to the Canadian tax reforms introduced since 1987. Depreciation and depletion grew by $1,432,000 in 1989, reflecting a higher volume of commercial production from the Pierre Beauchemin, Lucien C. Beliveau and Chimo mines.Net earnings for 1989 amounted to $17,661,000 or $0.73 per share compared to $17,438,000 or $0.74 per share in 1988.Cambior has an exceptionally liquid and strong balance sheet. As at December 31, 1989, net working capital stood at $85.6 million, with a total assets base of $338.6 million. With a long-term debt (including gold loans) of $21.5 million and shareholders' equity of $277.2 million, Cambior has a debt to equity ratio of 8%. All but about $100,000 of long-term debt is in the form of gold loans.The total market value for Cambior's stock as at September 10, 1990, stands at $420million, based on recent stock market prices. Cambior's stock and warrants are traded on the Montreal and Toronto Stock Exchange."

Jan 1, 1990