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By A. J. Neale, B. C. Flintoff

"In most mineral processing operations the term audit is usually reserved for the exercise of checking financial records and/ or safety practices. While these activities are time consuming, no one disputes their necessity or value. If we subject these areas to such careful scrutiny, why is it that we don't normally apply the same principles to critically examine process operation. After all, the operating efficiency of the plant impacts directly on the measures of profitability.A mineral processing plant is a complex system that has a number of distinct, but mutually dependent elements: process equipment, instrumentation, operating policies, maintenance policies, control strategies and people. To ensure maximum economic performance, in the dynamic environment that characterizes a concentrator, requires a periodic review of each of these areas. However, to be useful, the study must be based on sound metallurgical principles and be conducted in a highly focused manner. Experience teaches us that the exercise is very revealing and potentially very rewarding.This paper will discuss the process audit process and illustrate its potential value through illustration taken from plant studies.IntroductionThe last twenty years have seen tremendous technological and organizational changes sweep the minerals industry. Process control systems, on-stream analyzers, and gold recovery techniques barely conceived twenty years ago are now incorporated in virtually all new installations in an effort to maximize operating efficiencies. In conjunction with these developments, changes in the way plants are managed, down-sizing of technical staff, reduction in the size of operating crews, and the flattening out of the management structure have significantly reduced operating costs. As a result, plants are making more efficient use of our natural resources, minimizing the costs of production, and in turn maximizing operating profits. Or are they?"

Jan 1, 1991

By Kevan Ford, Getulio Junior, Rob Henderson, Wayne Philips, Chris Martin, Rob Thorpe

"Plant 2 at the Kinross Paracatu gold operation in Minas Gerais State, Brazil, was commissioned in late 2008. Designed to be the largest tonnage, lowest grade gold milling operation in the world, Plant 2’s throughput has steadily increased towards its design capacity of 5087 tons per hour.The plant employs a gold-specific flotation scheme to recover the majority of gold, which is present as discrete free gold particles. Additional gold is recovered by jigs in the grinding circuit, and the jig concentrates are reground, upgraded and subjected to intensive cyanide leaching. The flotation cleaner concentrate is reground and leached using a conventional CIL circuit.One year after start-up, with the plant stabilizing operationally, plant circuit surveys were completed by a joint team from Kinross Paracatu and Blue Coast Metallurgy Ltd. The surveys audited the flotation and concentrate treatment circuits to investigate the metallurgical performance.This paper describes the Plant 2 operation and how the surveys were designed and executed. Some of the quality control systems that were employed to provide meaningful data from such a low grade gold ore are described and findings and actions taken to improve metallurgy as a consequence of the surveys are discussed.INTRODUCTIONThe Paracatu mine is located two kilometres north of the city of Paracatu, in the north western portion of the state of Minas Gerais, Brazil, 230 km southeast of the national capital Brasília (shown in Figure 1). The present day Paracatu mining operation, fully owned by Kinross Gold, through its Brazilian subsidiary Rio Paracatu Mineração (RPM) is designed to be the largest tonnage, lowest grade free milling gold operation in the world.The deposit currently hosts some 1.2 billion tonnes of ore at a grade of ~0.41 g/t gold, hence contains a total gold reserve of over 20 million ounces. At a designed plant throughput rate of 61 Mt/year the mine life goes beyond 2030."

Jan 1, 2011

By G. H. Gale, M. A. F. Fedikow, L. B. Dabek

Rare earth element (REE) data are reported for ores, sul?de-bearing rocks and host rocks from massive sul?de deposits and barren sul?de facies iron formations in Proterozoic volcanic rocks of the Flin Flon-Snow Lake area, Manitoba. Some of the rare earth elements (e.g., Eu), are selectively leached in zones of intense alteration and redeposited together with the sul?des and silicatesin the uppermost parts of the alteration zones and at the rock-water interface. Chondrite normalized REE pro?les of layered sul?de ores and exhalites proximal to the deposits typically have positive europium anomalies and are enriched in light REE. In contrast, barren sul?de facies iron formations exhibit negative or ‘normal’ Eu pro?les. REE data are useful to explorationists in determining the presence of ‘off-hole’ metal-bearing sul?de zones, in distinguishing metal-poor sul?dic layers related to ‘economic’ hydrothermal activity from barren sul?de facies iron formation and in some instances as a means of establishing ‘ore-equivalent’ strata.

Jan 1, 1997

By G. H. Gale, M. A. F. Fedikow, L. B. Dabek

Abstract-Rare earth element (REE) data are reported for ores, sulfide-bearing rocks and host rocks from massive sulfide deposits and barren sulfide facies iron formations in Proterozoic volcanic rocks of the Flin Flon-Snow Lake area, Manitoba. Some of the rare earth elements (e.g., Eu), are selectively leached in zones of intense alteration and redeposited together with the sulfides and silicates in the uppermost parts of the alteration zones and at the rock-water interface. Chondrite normalized REE profiles of layered sulfide ores and exhalites proximal to the deposits typically have positive europium anomalies and are enriched in light REE. In contrast, barren sulfide facies iron formations exhibit negative or ‘normal’ Eu profiles. REE data are useful to explorationists in determining the presence of ‘off-hole’ metal-bearing sulfide zones, in distinguishing metal-poor sulfidic layers related to ‘economic’ hydrothermal activity from barren sulfide facies iron formation and in some instances as a means of establishing ‘ore-equivalent’ strata.

Jan 1, 1997

By J. B. Boisvert, D. S. Silva

"Drillhole placement involves benefits, costs, and constraints. Benefits are related to the drilling campaign value, which includes maximizing “indicated” and “measured” resources. Costs include drilling, rig movement, and access construction. Constraints include infeasible areas, maximum and minimum angles of drilling, maximum depth of drilling, and budget. Manually planning drillholes that meet these constraints is suboptimal. A framework for straight drillhole optimization that accounts for benefits, costs, and constraints is presented. The method aims to maximize the value of resources converted from “inferred” to indicated and measured. The framework is demonstrated for a Nevada gold deposit and outperforms manually selected drillholes.RÉSUMÉ Le choix de l’emplacement d’un trou de forage s’accompagne d’avantages, de coûts et de contraintes. Les avantages sont liés à la valeur d’une campagne de forage, qui comprend l’optimisation des ressources « indiquées » et « mesurées ». Les coûts englobent le forage, le déplacement de l’appareil de forage et la construction des routes d’accès. Quant aux contraintes, elles portent sur les zones impraticables, les angles maximums et minimums de forage, la profondeur maximale de forage ainsi que le budget. La planification manuelle des trous de forage répondant à ces contraintes est sous-optimale. Cet article présente un cadre relatif à l’optimisation des trous verticaux de forage tenant compte des avantages, des coûts et des contraintes. Cette méthode vise à optimiser la valeur des ressources converties de la phase « ressources présumées » à celle de « ressources indiquées et mesurées ». Ce cadre est appliqué à un gisement aurifère du Nevada et donne de meilleurs résultats que les trous de forage sélectionnés manuellement. INTRODUCTIONDetermining the optimum location of infill drilling has been studied because the high cost of drilling suggests that using fewer drillholes is preferred, and targeting locations of the deposit that are locally uncertain should result in better mine planning decisions and increased profit of the operation. Existing methods for optimizing drillhole locations consider minimizing the kriging variance (KV) as the objective and are mostly restricted to two dimensions (Soltani-Mohammadi & Hezarkhari, 2013a, b; Soltani- Mohammadi, Safa, & Mokhtari, 2016)."

Jan 1, 2018

By Hongfei Li, JianLong Wang

This paper introduces the technical characteristics, transformation scheme and production practice of the project in which Copper P-S Converter was replaced by Bottom Blowing Continuous converting for the first time, and introduces the technical achievements obtained by the project. The application practice proves that bottom blowing copper continuous converting technology can completely solve the problems of fugitive off-gas pollution in the ladle transportation, large amount of flue gas and fluctuation of flue gas caused by P-S converting. Comprehensive energy consumption and operating costs of producing blister copper, safety and environmental risks are greatly reduced, and economic, environmental and social benefits are significant. It is one of the preferred technologies for upgrade and to replace P-S converting technology. INTRODUCTION At present, more than 80% of copper production capacity is still using the P-S converting technology with a history of more than 100 years. During P-S converting process, melted copper matte needs to be transported by ladle, and it needs to rotate the furnace body several times, causing a lot of serious environmental and safety risks such as SO2 flue gas emission and low-altitude SO2 pollution. In addition, the high operating cost caused by low rate of air blowing, the short life of the refractory materials and high energy consumption during P-S converting become big problems. Other problems such as large amount of flue gas, low SO2 concentration, large fluctuation of flue gas volume and SO2 concentration, and discontinuous flue gas cause high cost of subsequent flue gas treatment are also needing to be solved. In order to solve these problems during the P-S converting, metallurgical engineer in various countries has spared a lot of efforts to develop continuous blowing process for decades. The continuous converting that have been industrially applied are flash continuous converting, Mitsubishi continuous converting, Noranda continuous converting, Bottom Blowing Continuous converting and multi-lance top blowing continuous converting

Jan 1, 2019

By Jose R. Hernandez-Aguilar, Chris J. Martin, Rob Thorpe

"This study presents an approach to establishing relationships between metallurgical performance and the characteristics of the bubble population (gas dispersion) inside flotation cells. Bubble size Db, superficial gas velocity Jg, and bubble surface area flux Sb (Sb = 6Jg/Db) measurements were obtained along with metallurgical samples in full-size equipment processing different ore types. The gas dispersion was manipulated by changing the operating conditions of the cells (gas flowrate and frother type) and the metallurgical performance (grade-recovery) was determined. In two cases, the Sb had a strong relationship with grade and recovery, hence, Sb could be used as practical operating parameter. In another case, Sb did not correlate with recovery. The reasons were attributed to creating small bubbles using frothers with desired anti-coalescence properties. This illustrated that bubble size was the key parameter for metallurgy rather than Sb.INTRODUCTIONUnravelling the mechanisms that govern the relationships between metallurgical performance and the characteristics of the bubble population (gas dispersion) inside a flotation cell remains a major challenge. Information on this subject is scarce in the literature, particularly, plant-scale data. The report of Jameson and Allum (1984) appears to be the first gas dispersion study conducted in industrial (mechanical) cells. To introduce concepts, some aspects of their work are reviewed here.The prime motivation of that study was to establish whether any particular cell design (among 44 cells surveyed) could produce very small bubbles (< 0.1 mm), which laboratory research suggested would increase the recovery of fine particles. Although one of the outcomes was that the (examined) cells did not seem to produce such small bubbles (Sauter mean1 D32 ˜ 0.9 mm), the analysis highlighted the importance of including other factors. Jameson and Allum indicated that, besides bubble size (Db), other characteristics of the bubble dispersion should be considered, namely: gas holdup ?g – the fraction of cell volume occupied by bubbles, superficial gas velocity Jg – is the gas flowrate divided by the cross-sectional area of the cell and, bubble surface area flux Sb – the rate of production of (new) bubble surface area (m2/s) per m2 of cell cross-sectional area. It should be noted that, whereas Jg, ?g and Db can be measured directly, the Sb is derived: Sb = 6Jg/Db, where Db is usually substituted by the Sauter mean diameter (D32)."

Jan 1, 2006

? CONSTRUCTION AND MINING COSTS ARE HIGH IN THE ARCTIC ? VERTICAL KIMBERLITE PIPES WITH HIGH STRIP RATIOS ? SITE SPECIFIC GEOMETRIC CONSTRAINTS ? OPEN PIT FOLLOWED BY UNDERGROUND MINING ? HIGH KIMBERLITE UNIT COSTS TRACK INSTALLED ON PIT WALL ? INTENDED TO REPLACE MAIN HAUL RAMP ? 5 MIN HOIST CYCLE TIME ? KEY ADVANTAGES - REDUCED CYCLE AND STRIPPING RATIO ? TECHNOLOGY EXISTS IN OTHER APPLICATIONS

May 1, 2003

"Placer Dome Inc.'s Dome Mine is located in South Porcupine, Ontario and has been in production since 1910. In the past, the mill leach circuit was preceded by preaeration and primary filtration circuits. These circuits were operated to overcome the effects of pyrrhotite in the ore which reacts with cyanide to form cyanates and thiocyanates and also consumes oxygen.In early 1989, primary filters were by-passed for an extended period. Actual plant results showed no affect on gold recovery or cyanide consumption so the circuit was left off-line permanently with significant cost savings.In 1990 it was determined that considerable savings could be realized underground if backfill storage facilities were located in the mill. It was decided to convert the preaeration pachucas to backfill storage tanks on a trial basis. The trial proved successful with no effect on recovery or significant increase in reagent consumption occurring due to the elimination of the preaeration circuit. The converted pachucas worked well as backfill storage tanks.Modifications such as these have helped to keep the Dome's millings costs among the lowest of Canadian gold producers."

Jan 1, 1992

By Pierre Lacoste-Bouchet, Ian Orford, Mike Cooper

"The Brunswick Mine ore requires fine grinding to achieve liberation of minerals. With 25mm slugs as the grinding media in the ball mill, there was a limitation of a P80 of 25 microns on the CuPb regrind circuit. Results from pilot plant testing showed that the separation efficiency could be increased through fine grinding with a P80 of 15 microns.Options considered were the capital expenditure for new fine grinding equipment such as a vertimill or the use of the present ball mill equipment with smaller media. The Wheelabrator Allevard Enterprise (WAE) millpebs product was chosen because it was a smaller media with a distribution of steel pellets between 5 to 12 mm.With millpebs the grinding product was reduced in size from a P80 of 25 microns to a P80 of less than 19 microns. The power draw to achieve the finer grind was 13% lower while the media consumption was 57% higher.The millpebs grinding media was also tested on the zinc regrind mill. The purpose of the trial was to understand what the media consumption and power draw would be with the charge lowered to achieve an equivalent grind as obtained with the slugs. The media consumption was approximately the same and the power draw was reduced by 30%.INTRODUCTIONThe Brunswick Mine ore is a complex Pb-Zn-Cu-Ag sulphide ore with the grain size of the minerals varying from submicron blebs to particles up to several mm in size. The ore is ground progressively finer in stages. The first step of grinding occurs in the SAG mill circuit. The product sizing 80% passing 95 microns is fed to the CuPb prefloat stage (Cormier et al 2002). The tails from the prefloat is then further ground to a P80 of 35 microns for the CuPb rougher flotation. The final liberation for the CuPb circuit takes place in the CuPb regrind circuit. The regrinding mill further liberates the cleaner scavenger concentrate, second cleaner tails and third cleaner tails. The reasoning for the progressive grinding is to achieve fine grinding without having galena over ground due to its high specific gravity that preferentially sends it to the cyclone underflow."

Jan 1, 2006

By V. L. Eardley-Wilmot

Introduction We are all familiar with the bright and attractive colours of the roofs of our suburban houses and country cottages, but few of us fully appreciate the complex and highly technical nature of the business which produces these roofings. Roofing granules consist of small broken particles of certain types of rocks, burned clay products, or slag. They are used either in their natural state or artificially coloured and are affixed onto one surface of asphalt sheeting. Their main functions are to protect the roof against external fire hazard, prolong its life, and enable it to withstand extremes of weather over a period of years without deteriorating. Pleasing designs and colours are added attractions. The reverse, or inner side, of the sheeting is coated with a film of talc or fine mica to prevent it sticking when rolled up for convenience of handling for transport. The finished sheets or strips are cut into a variety of shapes for roofing shingles, or for sidings which resemble rows of bricks separated by mortar. In Canada, the consumption of roofing granules has increased fourfold in the past decade and indications are that the industry will continue to expand. At present, fourteen plants are engaged in manufacturing granule-coated roofings, but, apart from a relatively small output of natural granules by two producers in British Columbia, only one eastern producer makes both natural and coloured granules in Canada, and these only for its own use. The annual consumption is now over 77,000 tons of roofing granules valued at more than $1,600,000, but about 62 per cent of the tonnage is imported. It is thus apparent that the production of Canadian-made granules, both natural and coloured, could be considerably increased. This paper is presented in order to give an outline of the industry and at the same time to point out its difficulties and pitfalls.

Jan 1, 1946

By Son Hye Jin

Abstract ? KHNP is participating in the construction of Nuclear Power Plant both in Korea and UAE. ? We want to improve our construction project management process. ? So we are now developing the process model on nuclear power plant construction management. ? For the effective adoption of this process, we are planning to develop IT system. ? For the first step, we were established the Information Strategy Plan

Aug 1, 2013

Vale Inco?s Coleman Mine 153 Orebody is a narrow vein deposit with a dip that varies from 30 to 70 degrees. It has a strike length of 1200-feet and the current mining extends from the 4250 level to 5100 level. The primary mining method is mechanized cut-and-fill although drift-and-fill is also used in wider sections of the ore zone. The ore body is divided into six main mining horizons with an average of three mining blocks on each cut. There are some interesting rock mechanics challenges related to mining upward from the 4550 level and these challenges are increasing as the mining front progresses toward the 4400 level. The mining of the 4550 block is currently at cut 13 whereby the crown pillar thickness is approximately 60-feet. Significant factors including increased stress levels in the crown pillar, the change in the orebody dip at this level and a recently indentified geological structure in the footwall, have all combined to introduce seismic activity in the footwall of 4550 level. Closer studies revealed a consistent trend of seismicity that was further examined with core logging and Acoustic TeleViewer technology. The data from these assessment tools disclosed a geological structure that is influencing the mining environment. This paper reviews the seismic analysis for the 4550 level mining zone and the subsequent procedures used to locate the new geological structure. The paper also discusses the key mining practices used to successfully mine cut 13 of 4550 level and briefly reviews the studies that are underway to up-date the mine design for continued extraction of high-grade ore in a safe and productive manner.

May 1, 2009

By E. Sharifi

Advanced Process Control (APC) has been one of the most beneficial tools in the past decades available to minerals processing industry. Low capital cost together with significant improvements in process optimization have made APC an attractive investment option for nearly all mineral processing units. During economic downturns, importance of process optimization becomes even more relevant as metal producers tend to target de-bottlenecking and process efficiency improvements rather than large-scale capacity upgrades. APC project clearly has a lot of potential to improve process performance but there are also some pitfalls to be identified and avoided in order to achieve a desired outcome. Above all, APC project implementation is collaboration between the system vendor and user. Targets for the optimization must be agreed together with the customer and process performance must be defined before and after the optimization project. Most importantly, performance of the process must be monitored on a continuous basis during and after the project and potentially improved further. This paper discusses Outotec’s experiences from various concentrator optimization projects. Some examples are discussed in more details; however, the main target is to present general guidelines enabling a successful APC project implementation.

Jan 1, 2014

By T. Holmes, J. Middlemiss

"Agnico-Eagle (AE) has been operating their Kittila Mine in Northern Finland since 2008. The mine has experienced considerable ore flow problems with ratholing, bridging and freezing in their mill feed bin since start up. In the first winter of operation, the entire central portion of the contents of the cylindrical flat-bottomed 2000 tonne mill feed bin froze. Flow was erratic and could only be achieved through small diameter ratholes. To maintain a reasonable, albeit limited, feed to the mill, the bin had to be kept less than ½ full and a portable steam generator was brought in to melt the frozen agglomerates that frequently blocked the outlets. The combination of limited surge capacity and frequent outages required the crushing plant to operate 24/7 and resulted in inconsistent production levels and high operating costs.AE had planned to expand the processing plant to increase throughput by about 30% when they transitioned from open pit to underground ore. These plans presented an opportunity to improve the material handling.To avoid the problems experienced with the original mill feed bin, AE enlisted Jenike & Johanson Ltd. (J&J) to test samples of the ore, and based on the measured flow properties to provide design recommendations to ensure that the new mill feed bin would operate reliably. The new 2000 tonne expanded flow mill feed bin and apron feeder were installed in 2014 and are now supplying almost 93% of the total mill feed with the remaining coming from the original bin.IntroductionIn early 2009, AE engaged J&J to visit their then recently opened Kittila mine and mill in Northern Finland (Figure 1). Over the first half-year of operation, production had been restricted in the ore handling and storage system by flow problems such as ratholing, bridging and freezing including blockages of chutes and hoppers as a result of frozen fines buildup and large frozen agglomerates. AE wanted to increase production in the existing open pit mine and mill feed operation and also wanted to avoid similar ore handling problems when they commissioned the new underground mining system under development at that time."

Jan 1, 2017

By J. G. Ross

IN the paper entitled Block Caving at the King Mine (1), which was presented at the Annual General Meeting held in April, 1934, at Quebec, it was pointed out that, owing to certain conditions and financial restrictions, it was advisable to provide a temporary shaft. This was raised from the )00-ft. level to the bottom of the pit, and a 45-degree incline track was constructed up the face of the pit to surface. The temporary shaft and incline were within the ore-body, but were to be used only until such time as the new shaft-the subject of this paper-could be sunk and made ready for operation. After a careful study had been made of all available information pertaining to the ore-body, including examination of diamond-drill core records and geological data, a shaft location was selected well outside the ore-body. Further, since the crusher and dryer buildings are located over part of the ore-body, it was necessary to plan the removal of these buildings and to construct a new crushing and drying plant. This, and the new shaft, must operate in conjunction with the present mill and rock storage bin, which would continue robe used as formerly. No part of this programme, with the exception of drifting toward the shaft site, was started prior to 1937. More than usual detail on technical features is given in this paper in the hope that some parts of it may be of assistance to other members of the Institute who have to undertake somewhat similar work. The engineering and operating staff designed and supervised the work, while at the same time carrying on regular production in four mines at the rate of 12,000 tons of rock mined per day, the output at the King mine being at the rate of 140 tons per hour. No additional engineers were required.

Jan 1, 1939

By Edwin G. Sharp, Frank S. Gaunce, George M. Freeman, Denis J. Kemp, Eric Dulson, Paul Salmon, Ernest R. Hamilton, Carl E. Parden

"THE ECSTALL ZINC PLANT was built for the treatment of the Kidd Creek zinc sulphide concentrates. Construction proceeded throughout 1970-71, with operations beginning in April 1972. The two concentrate types treated differ principally in minor impurity and precious metal contents. Processing flexibility was required to allow efficient recovery of the by-products, especially cadmium, copper and silver. The conversion of the zinc sulphide concentrates to end products follows a sequence of operations that are common to most electrolytic zinc plants and typical of the ""Tainton- Jephson"" flowsheet.1. Roasting in air at an elevated temperature to convert the metal sulphides to soluble metal oxides (calcine) and sulphur dioxide. The sulphur dioxide is converted to sulphuric acid in a contad plant and shipped by train to market.2. Leaching of the calcine in spent electrolyte to effect extraction and recovery of zinc as zinc sulphate solution, leaving an insoluble residue.3. Purification of the clarified zinc sulphate solution by cementation with metallic zinc dust to remove impurities detrimental to the electro-deposition of zinc or detrimental to product purity. The solids from cementation are the starting materials for secondary metal recovery.4. Electrolysis of the purified zinc sulphate solution to reduce the zinc to the metallic state while coincidentally regenerating the sulphuric acid for recycle to the leaching step."

Jan 1, 1974

By G. I. Mathieu, R. W. Bruce

Flotation schemes for the separation of molybdenite from other minerals are based on utilizing the Inherent hydrophobicity of molygdenite (Fuerstenau1). This natural floatability was attributed to the crystalline structure of molybdenite by Gaudin et al.2 who suggested that any surface formed by the rupture of van der Wall's bonds should be hydrophobic and, therefore, naturally floatable. Other authors argued that "natural floatability" is dependent of adsorption of hydrocarbon ions and/or molecu1es on the surface of the minerals. This theory, albeit-c questioned 1,2 has long been recognized in actual practice of molybdenite flotation as the latter in carried out with hydrocarbons, such as fuel oil, kerosene and stove oil. Although conferring ready floatability to molybdenite, these presents generally have little effect on other sulphides and silicates. However, talc is a noteworthy exception because of its innate floatability4. Not withstanding the reason for this behavior which has also been attributed to crystal structure2 its end results as in the case of molybdenite is an immediate flotation response to frothing oils arid kerosene, as was observed by Baranovski5, Sutherland and Wark6.

Jan 1, 1974

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 J. R. Goode

"The Las Cristinas deposit in Venezuela contains reserves of 12.8 million ounces of gold at a grade of 1.20 g/t (Crystallex, 2004). The deposit comprises fully oxidized saprolite (SAPO) overlying a layer of sulphide-enriched saprolite (SAPS) which lies above carbonateleached bedrock (CLB) and carbonate stable or un-leached bedrock (CSB). Gold occurs at about the same concentration in all lithological groups. The bedrock units contain minor amounts of copper (about 0.1%) as chalcopyrite, while SAPO contains virtually no copper which has been leached and deposited in the SAPS zone.A previous owner began investigation of the Las Cristinas deposit in 1991. Over the next seven years, the company drilled 1,174 holes with a total length of 159 km, conducted extensive metallurgical testwork, including pilot plant operations, and completed feasibility studies. Construction was started in 1997 and again in 1999, however, on each occasion was suspended.Crystallex has been producing gold inVenezuela since the early 1990s. In 1997, Crystallex acquired Inversora Mael which had held two of the claims to the Las Cristinas concessions since 1986. In September 2002, Crystallex entered into a definitive agreement with the Corporación Venezolana de Guayana (CVG) to develop the Las Cristinas deposit.An extensive program of studies and testwork was started in late 2002 to determine an optimum development plan for Las Cristinas. Mine Development Associates, SNC–Lavalin Engineers and Constructors, SGS Lakefield Research Limited, J.R. Goode and Associates, and A. Laplante at McGill University acted as the main contractors.Because of the potential value of by-product copper, earlier flowsheets used carbon-inleach for SAPO, but processed all other ore types by flotation to produce a gold-copper concentrate with cyanide leaching of cleaner tailings to maximize gold recovery. Cyanide recovery was necessitated by the high copper content of the leach feed. Initial studies of available data by Crystallex revealed that direct leaching of all ore types would provide about 11% more gold recovery than the previously selected flotation route with reduced capital and operating costs.Bench and pilot-scale studies have confirmed that a SAG-ball mill-gravity-CIL route is very effective for all ore types and will give about 89% gold recovery. This paper describes the testwork conducted in 2003, discusses a 20,000 t/d plant design, and presents economic data."

Jan 1, 2005