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Many mines in Canada, the US and S. Africa are reaching the hoisting limit. Very little payload will be possible without compromising safety due the excessive weight. It has been suggested (DeLorme, 2000), that one of the most attractive concepts to enable deeper hoisting is to reduce the allowable factor of safety in the wire rope. Researchers at the Spokane Research Lab are developing new technology to improve hoisting safety and productivity by providing new monitoring and analytical tools. A Shaft Conveyance Monitoring System (SCMS) has been developed which determines hoist rope end load, true conveyance position and acceleration, and rope safety factor, as well as other hoist operating parameters. This information is transmitted to the hoist operator display 20 times per second. Recent field measurements on 45 mm(1 ¾ in.) diameter hoist rope indicate that dynamic forces during loading of a 9000 kg(10 ton) skip may exceed the safety factor of the rope. To improve on the current understanding of the mechanical behavior of hoist ropes, and to help interpret the results from field-testing of the SCMS, a new approach to computer modeling of stranded wire rope is also being developed. Particle Flow Code, PFC3D (Itasca 1995b) is used to simulate the structural behavior of wire rope and the interaction between individual strands when the rope is subjected to static and dynamic end loading. Details of the SCMS, field results from the measured rope loads, and the results of numerical modeling on the wire rope will be discussed.

May 1, 2002

By Ian Holl, Adam Hempstock, Rickardo Welyhorsky, Niel Morrison

"The Victor Diamond Mine is located in the James Bay lowlands, 90 km west of the First Nations village of Attawapiskat. The project was the first of its kind in northern Ontario and was completed approximately 9 months ahead of schedule.The Victor Mine process plant flowsheet was designed to produce a 95 - 98% by weight diamond concentrate. Main processing steps include 3 stages of comminution, dense medium separation and proprietary x-ray technology for final recovery. Reagent consumption for this process is limited to flocculant, for thickening of fine processed kimberlite, and FeSi for the dense medium separation.The commissioning phase of the Victor Project was executed over a period of 6 months and commenced prior to substantial completion of construction. The approach used was to focus on and complete commissioning of the higher risk dense medium separation and recovery systems prior to construction completion of up stream systems.INTRODUCTIONThe development of the Victor Diamond Mine took place over a period of approximately 5 years and had a capital cost of CAD997 million. It was a greenfields project in an undeveloped region of northern Ontario, only accessible by winter road. Figure 1, below, displays the location of the project within Ontario.The main stages of the project included feasibility, environmental permitting, engineering, construction, and commissioning. At the onset of the engineering phase, the mine was scheduled to enter production in October 2008. Through a team effort between AMEC and DeBeers Canada, the schedule was advanced by 6 months towards the goal of project completion in April 2008. Production status was attained in January 2008, approximately 9 months ahead of the original schedule. This paper focuses on the commissioning aspects of the project and includes a less detailed discussion of the engineering stage."

Jan 1, 2010

By H. Zhu, Y. Sato, O. Takeda, K. Nakano

Recycling of rare earth magnet wastes is essential to insure the stable supply of rare earth resources. For the development of a novel recycling process, the removal of rare earth oxide from an off-spec alloy magnet was investigated by melting the alloy magnet at 1503 K together with fluoride flux, LiF-50 mol% NdF3 and LiF-?25 mol% NdF3-25 mol% DyF3. After melting, the separation of magnet alloy from the fluoride flux was achieved, and neither suspension of alloy in the flux nor suspension of flux in the alloy was observed. Oxygen concentration in the alloy decreased from 5000 mass-ppm to 160 mass-ppm by utilizing 1.5 times of equivalent amount of flux needed to completely dissolve the oxide. The investigated process is suitable for mildly contaminated waste such as a used (end-of-life) magnet because of its simplicity, low energy consumption and small limitation on location for operation.

Jan 1, 2014

By W. D. Sinclair

"Between 1934 and 1956, nearly 31 million grams of gold were produced in the Matachewan area from deposits on properties belonging to Young-Davidson Mines Limited and Matachewan Consolidated Mines Limited. In 1979, production from these properties was renewed by Pamour Porcupine Mines Limited.Most of the gold produced has come from relatively lowgrade deposits (3.4 gl t or less) that occur in an east-trending belt of dykes and irregular bodies of trachytic syenite. Although small by comparison, these deposits have some of the characteristics of porphyry copper-molybdenum deposits. The mineralized syenite contains up to 5 per cent disseminated pyrite and is highly fractured and cut by quartz and quartzcarbonate veinlets. Gold occurs as native gold along fractures, in quartz veinlets and as minute inclusions in pyrite. Minor chalcopyrite and trace amounts of scheelite, molybdenite and galena are also present. Mineralization was accompanied by potassic alteration, consisting mainly of potassium feldspar.Some gold was also produced from small, but higher-grade, deposits in volcanic rocks. These deposits occur near the syenite-hosted deposits and consist of quartz veins and stringers mineralized .with pyrite and gold. Minor gold is present in some low-grade, porphyry-type copper-molybdenum occurrences and, locally, in large, isolated quartz veins.Lead isotope analyses suggest that the gold deposits were formed at about 2700 Ma and were locally remobilized at approximately 2400 Ma, following the Kenoran orogeny. The deposits appear to be genetically related to felsic magmas emplaced in an epizonal environment and deposited from hydrothermal solutions relatively concentrated in S and K20."

Jan 1, 1982

By K. G. Thorne, D. R. Lentz, A. F. Park

"The Main zone of the Clarence Stream gold deposit is hosted by a shear zone adjacent to the Saint George batholith in southwestern New Brunswick. The mineralization history relates to progressive deformation in the shear zone and the intrusion of the Magaguadavic granodiorite.Of three phases of deformation that have affected the area (D1-D3), D1 is not observed in the Clarence Stream shear zone. Two suites of igneous rocks intrude the shear zone: post-D2, pre-D3 gabbro; and granitic dikes, which crosscut the gabbros. Granitic dikes show a diverse range of relationships to D3 features, from pre-syn-D3 mylonitic fabrics in transposed and highly deformed enclaves, to nondeformed and entirely discordant dikes (post-D3).A variety of veins occur within this shear zone. Zoisite-bearing and later, crosscutting epidote-bearing veins are preserved as relics in quartz-mylonites, and predate quartz veins that host gold mineralization. The epidote-bearing veins are associated with pseudotachylitic cataclasite dikes, consistent with transient brittle failure during ductile deformation.Deformation relates to right-lateral strike-slip motion across the shear zone, and subhorizontal and near-vertical stretching lineations imply transpression. A late (late- or post-D3) dip-slip phase of motion is also apparent, and cooling followed a metamorphic peak early in D2-D3 history. Deformation of the shear zone, and more localized transient brittle failure, provided the permeability for fluid movement and vein emplacement. This scenario is similar to the findings of other studies, in which geochemical, tracer isotopic, and age-dating (U/Pb, 40Ar/39Ar) results suggest that the adjacent Magaguadavic granodiorite provided heat and metals. La zone principale (Main zone) du gisement d’or de Clarence Stream est encaissée par une zone de cisaillement qui longe le batholite de Saint George dans le sud-ouest du Nouveau Brunswick. L’historique de la mise en place de la minéralisation accorde un rôle important à la déformation progressive dans la zone de cisaillement et à la mise en place de la granodiorite de Magaguadavic.Des trois phases de déformation à avoir affecté la région (D1-D3), les effets de D1 ne sont pas observés dans la zone de cisaillement de Clarence Stream. Deux suites de roches ignées se sont mises en place dans cette zone de cisaillement : un gabbro post D2, pré-D3 et des dykes granitiques qui recoupent le gabbro. Les dykes granitiques montrent une grande diversité de relations avec les structures D3, allant de précoces à synchrones aux fabriques mylonitiques D3 dans des enclaves transportées et fortement déformées à des dykes complètement discordants et non déformés (post-D3).On note diverses veines dans cette zone de cisaillement. Des veines contenant de la zoisite ainsi que des veines d’épidote sécantes plus tardives, lesquelles sont préservées comme reliquats dans les mylonites à quartz et sont plus vieilles que les veines de quartz contenant la minéralisation aurifère. Les veines d’épidote sont associées à des dykes de catacalasite à texture de pseudotachylite, compatibles avec une rupture cassante épisodique durant la déformation ductile.La déformation résulte d’un mouvement décrochant dextre le long de la zone de cisaillement et les linéations d’étirement subhorizontales et quasi-verticales impliquent de la transpression. Une phase tardive (tardi- ou post-D3) de mouvement selon le pendage est aussi apparente, et le refroidissement succède à un pic métamorphique tôt dans l’histoire D2-D3. La déformation de la zone de cisaillement et la rupture cassante épisodique ont fourni la perméabilité nécessaire au mouvement des fluides et à la mise en place des veines. Ce scénario est similaire à celui proposé par d’autres études, dans lesquelles les résultats de géochimie, de traceurs isotopiques et de géochronologie (U/Pb, 40Ar/39Ar) suggèrent que la granodiorite de Magaguadavic avoisinante a fourni la chaleur et les métaux."

Jan 1, 2008

By Charles Camsell

Few persons ever stop to consider how vital an influence minerals, and especially metals, have had upon human history, how they have affected the every-day life of the individual or how at different periods they have altered the course of nations and determined their progress. Students and writers of history have dealt very fully with political history and have given us a great deal of detail about the careers and policies of kings, parliaments and nations, but frequently have not touched the economic causes that have been the real forces influencing the development and carrying out of these policies. So far as minerals are concerned there is no single work from which one can get a concise and consecutive account of the growth in the use of minerals, nor of the diverse ways in which the. geographical distribution, the .search for, the development and the use of mineral resources have affected human progress from the beginning of man's history. The reason for this is quite plain, and when one takes a little time to think of it he begins to appreciate the magnitude of the job and he will realize that the story of minerals and mineral resources touches a tremendous range of human activity, not only of mining .and metallurgy, but the whole field of agricultural and industrial growth, of exploration and colonization, transportation and commerce, monetary system, commercial policy, in short, almost every phase of economic life.

Jan 1, 1926

By John R. Goode

"The year 2011 witnessed a major surge in rare earth prices as China, supplier of +95% of the world’s rare earths, reduced export quotas and increased export taxes and duties. In response, companies around the world are scrambling for alternative sources. In Canada too, there is a race to be the “first” rare earth producer. Something that is not generally realized is that Canada has a long history of rare earth production and was a major supplier from the early 1960’s to 1990. At one stage, Canada was said to be supplying more than one third of the world’s yttrium and probably supplied even more than that. Five decades ago, thorium was a key element in many non-nuclear applications and Canada became a major supplier of thorium from the late 1950’s to 1968, first as a by-product of uranium and then as a co-product of rare earths. This paper reviews the development of Canada’s original rare earth and thorium production facilities, which were located in the Elliot Lake uranium camp in Northern Ontario. The uses of these elements, geology, mineralogy, markets of the time, and processing are all discussed. Some of the lessons learned from these pioneering operations might be useful in today’s race to develop the next generation of rare earth production plants.INTRODUCTION The rare earths and thorium were first identified in the early 19th century but were little more than curiosities for the next century. However, in the mid-1960’s the invention of rare earth-based phosphors for the cathode ray tube in colour television sets launched a major demand for certain rare earths. The use of thorium as an alloying agent in aircraft and missiles grew rapidly in the late 1950’s. In the same period, demand for uranium for both weapons and power production soared. Also in the late 1950’s, the Elliot Lake uranium-thorium-rare earth deposits (also known as the Blind River deposits) were discovered. This conjugation of events led to uranium production in the Elliot Lake camp, quickly followed by the co-production of thorium and, later, the rare earths. Uranium production in the Elliot Lake camp continued from 1955 to 1996. Thorium was produced continuously from 1959 to 1969. Rare earths were produced, intermittently, from 1965 to 1990. Complete production records are not readily available for thorium and the rare earths but unquestionably Elliot Lake production made a significant contribution to world production. This paper is intended to present as much of the information that is available."

Jan 1, 2012

By Peter Bourke, Marc van Olst, Seppo Ronkainen, Natalie Brown

"Since the early days of flotation, process technicians have known that the speed at which the froth is recovered over the lip of the cell has a very direct and consistent influence on the grade and recovery of the circuit. No plant would deny that, even to this day, one of the most important aspects of a process technician’s job is ensuring that the froth is moving at a desired and controlled speed over the lip. Unfortunately, process technicians cannot watch the froth throughout the entire shift, as there are always a lot of other tasks to do.A considerable amount of work has thus been done to develop a “system” that automatically measures the speed of the froth. This measurement would then be used in simple controllers to emulate the steps taken by the process technician in correcting deviations of the froth speed from its desired level. Many of the earlier attempts to measure speed were ineffective, as they were unable to cope with turbulence on the froth surface. The FrothMasterTM instrument makes use of machine vision technologies to measure the speed of the froth over the lip of a cell at a very high sampling rate. This instrument produces an extremely reliable and accurate measurement of the froth speed (as well as other parameters such as bubble size and froth stability). As we will show, the effectiveness of the speed measurement in controlling the performance of the plant is a testimony to its reliability.Three FrothMasterTM units have recently been installed on the Cadia Hills Gold Mine in New South Wales (Australia). The objectives of this installation were:To control the mass-recovery of two Tank Cells in series on the same level where differences in the hydrostatic head between the two cells result in the cells pulling inconsistently with respect to each other.Control of the concentrate grade (%Copper) from the first rougher.Reduction in the frother consumption in the rougher circuit by monitoring the froth speed.A simple controller was designed to react to disturbances in the same way that human operators react. This was done after consultation with the metallurgists and the process technicians at Cadia. The controller had two functions:Stabilisation: The stabilising controller made use of three manipulated variables (level, frother addition rate and aeration rate) to control the froth speed to a setpoint.Optimisation: The optimising controller adjusted the froth speed setpoint based on deviations of the grade (measured in real-time with an OSA) from a setpoint. The plant metallurgist adjusted the grade setpoint based on information about the ore."

Jan 1, 2001

By Mostafa Benzaazoua

Les remblais en pâte cimentés sont de plus en plus utilisés dans les exploitations minières souterraines. Une autre alternative d?utilisation du remblai en pâte consiste à le pomper et à le stocker dans des empilements de surface. En plus d?avoir des avantages d?un point de vue de stabilité physique des ouvrages, le remblai en pâte cimenté en surface permettrait également de stabiliser les contaminants dans la matrice du remblai à l?aide du processus de solidification et de stabilisation. Dans cette étude, des remblais en pâte constitués d?un résidu minier sulfuré renfermant beaucoup d?arsenic et de différents liants ont été testés afin d?évaluer la stabilisation des contaminants dans la matrice de remblai. La méthode utilisée pour évaluer la stabilisation et la solidification des contaminants est le test de lixiviation en extracteur de Soxhlet. Les résultats géochimiques issus de ces essais ainsi que la caractérisation chimico-minéralogique des remblais lixiviés ont été analysés pour comprendre les phénomènes chimiques présents dans les remblais durant le temps de cure. Les résultats obtenus montrent que les sulfures présents dans les remblais étudiés (pyrite FeS2 et arsénopyrite FeAsS) s?oxydent et provoquent la dissolution des hydrates les plus vulnérables (dissolution de la portlandite Ca(OH)2 et/ou décalcification des gels CSH). Le calcium produit permet de précipiter les sulfates (essentiellement sous forme de gypse plus ou moins hydraté) et l?arsenic sous forme d?arséniates de calcium plus stables. Les différents liants utilisés donnent des résultats différents en termes de stabilisation et de solidification qui seront discutés dans cet article.

Nov 1, 2002

By K. Pirapakaran

The Geotechnical Engineering research group at James Cook University has been working closely with all the leading mines in Australia in the area of minefills. They have carried out substantial research and consulting work on the drainage and stress developments within hydraulic fills. The objective of this paper is to summarize their work during the past five years on hydraulic fills. The paper will serve as a one-stop reference, pointing to relevant literature including the authors? own publications, on various issues covering drainage and stress developments within hydraulic fills. More than 15 different hydraulic fills, representing five major mines in Australia, were studied. Their grain size distributions and placement characteristics including permeability, porosity and dry density were studied and comparisons were made with the limited in situ data available in the literature. Stress development within hydraulic fills has been studied to minimize the risk associated with barricades failure. FLAC and FLAC3D were used to model stress developments within the hydraulic fills and were compared against the approximate closed form solutions available in the literature. A laboratory model was developed to study arching effects within the hydraulic fills.

May 1, 2007

By S. Mostaghel, S. Nicol, M. Y. Solar

Once upon a time, the process engineer developing the design criteria for a new saprolite ferronickel smelter had it easy: most ores were around 2.5% Ni, with a Fe/Ni ratio of 4 to 5 and a SiO2/MgO ratio of about 1.6; to use the French word: garnierites. The ferronickel grade selected was the conventional 20 to 25% Ni and the impurity levels could be predicted from well established [C], [Cr] and [Si] vs (FeO) graphs. However the process engineer can no longer depend on statistics to design smelters: Ni grades are decreasing while the goethite contents are increasing; SiO2/MgO ratios vary from 1 to 3; and Al2O3 concentrations are reaching levels that cannot be ignored. Mechanistic models must be developed to select or predict essential parameters such as kiln and furnace reductions, ferronickel grade, slag losses, metal and slag liquidus, operating temperatures, etc. But these models must be simplified so that they can be used on a routine basis; and they must be calibrated against a wide range of commercial operations in order to yield the most realistic predictions possible. The present paper proposes one possible approach, using FactSage as a basic source of thermodynamic data. The predictions thus obtained are compared to actual performance for two well documented operations, as well as to the predictions made with other tools that might be more accessible.

Jan 1, 2014

By Cz. Mora, A. Pawelczyk, D. Hreniak, P. Nowak, A. Dyonizy, S. Strek, W. Strek, K. Grabas, A. Ostrowski

Globalization and a growing demand for limited raw material resources have forced changes in the approach to the supply chain. This is particularly true in the case of rare earths, which are regarded as one of the most important development indicators of modern technologies. To ensure a secure supply of commodities, the European economies have been prompted to investigate REE recovery from sources which until recently, for technical or economic reasons, were considered not sufficiently attractive. An interesting example is apatite phosphogypsum waste dumps. The REE content in these waste dumps averages around 0.5-1 %. One of the most important phosphogypsum locations in Poland is the Lower Silesia region where a phosphoric acid Chemical Plant "Wizów" operated for several dozen years. In this work, rare earths are leached from the phosphogypsum crystalline structure by a chemical treatment and can then be separated into individual chemical compounds. The technology used in these recovery tests, matches up to a coherent European raw materials policy supporting effective management of resources and promoting waste materials recycling.

Jan 1, 2014

"WELCOME/BIENVENUE TO THE COM 2014 IN BEAUTIFUL VANCOUVER!On behalf of the organizing committee, I would like to extend my thanks to you for participating in this year’s Conference of Metallurgists. Recent times have been extremely difficult for the resource sector, but it is crucial for our industry to maintain personal connections through good and bad times. These interactions include technical exchanges, and this is at the heart of MetSoc’s service to its members. The theme of this 53rd Conference of Metallurgists is Prosperity Through Process Advancements. There are thirteen symposia at this year’s conference mainly focused on processing from extractive fields, to materials and the environment. Supporting these topics are the plenary, poster session, and trade show plus opportunities for socializing at functions like the opening reception and the awards banquet.Many people have contributed to this conference, from the authors and presenters to the organizers and the generous sponsors. They are all gratefully acknowledged for their quality work over the last two years. A particular thank you to our student volunteers whom we hope will take advantage of their time at COM to network and to learn about this exciting industry.Again, thank you for being a part of this exciting conference of metallurgists. I hope it will be a memorable experience and that you are able to take advantage of all the conference and Vancouver have to offer."

Jan 1, 2014

By S. Banisi, M. Pourkani, A. Kargar, D. Hamidi, M. Sarvi

"Flotation circuit of the Sarcheshmeh copper mine, which processes 40,000 t/d of ore at 0.9% Cu, consists of rougher, cleaning and recleaning stages. To study the stage recovery of copper, one of the eight identical flotation banks was selected for sampling. It was observed that 17% of copper goes to the tailings and the lowest copper recovery was for particles coarser than 105 microns. The third five-cell unit of this bank not only did not recover appreciable amount of copper but also decreased the concentrate grade. The grade of the last five cells was lower than the feed grade suggesting that mixing of the concentrates of the three units was not beneficial. To alleviate the problem, the concentrate of the first four-cell unit was directed to the cleaners feed box (i.e., by- passing the regrind mill). This increased the overall copper recovery by 1.7 %. Also rather than the current practice of adding the reagents only at the feed tank (i.e., 100-0-0%), various combinations of stage addition were examined. It was found that 75-25-0% addition regime could increase the total copper recovery by 1.3%. At the recleaning stage in order to increase the final copper concentrate grade, a froth washing system was used. To ease the maintenance of the system, a shower type washing system was installed. The optimum wash water superficial flowrate was found to be 0.06 cm/s. Continuos sampling of the recleaners with and without wash water over a period of two months showed an increase of 1.5% in the final copper concentrate grade at constant overall copper recovery.INTRODUCTIONThe Sarcheshmeh copper ore body that may rank as third or fourth largest in the world contains 1 billion tonnes averaging 0.9% copper and 0.035% molybdenum. It is located in southeastern Iran and has been processing 40 000 t/d of ore since 1982. The mine produces 100 000 tonnes of copper and 2200 tonnes of molybednite concentrate per year.After three stages of crushing, the ore with a F80 (80% passing size) of 12.7 mm is fed to eight parallel ball mills in closed circuit with cyclones to produce a product 70% finer than 75 microns. The concentrate of rougher flotation circuit is ground; rougher tails constitute the main component of the plant final tailings. A concentrate with an average grade of 31% Cu (chalcocite and chalcopyrite) is obtained after cleaning and re-cleaning stages. Total recovery of the plant varies between 83% and 87%, depending on operating conditions and ore type."

Jan 1, 2001

By James W. Cassie

The Snap Lake Diamond Project is located approximately 220 km northeast of Yellowknife, NT, Canada at an approximate latitude of 63?35?. The project location is within the zone of continuous permafrost; measured ground temperatures are about ?2?C at 10 to 20 m depth below surface. The site is located on a peninsula jutting into Snap Lake. The site is generally barren of vegetation, except for some isolated areas with low trees located in topographic lows and near the shoreline of Snap Lake. As part of phased evaluation process with regards to the mining project, an Advanced Exploration Program was undertaken in 2000 and 2001. This program included the underground extraction of a bulk sample of kimberlite, which was processed on site. A Processed Kimberlite Containment (PKC) area was required as part of this program. The area chosen as the PKC facility was a small inland lake, called Inland Lake #1, on the peninsula. Construction of the PKC area required the construction of two dams, one on either end of the lake. At the south end of the lake, Dam 1 was constructed partially on a talik and partially on continuous permafrost. Dam 2 was constructed entirely on permafrost. The effects of the remote location, selection of suitable construction materials and permafrost conditions on the designs of the dams are discussed. A description of the design elements and construction schedule are provided. A review of the performance of these two dams, in terms of settlement, deformations, pore pressures and thermal regime, over the last several years is provided.

May 1, 2003

By Bern Klein, Randy Blaskovich, Reem Roufail

"Morphology is a tool that is rarely used for mineral breakage mechanism evaluation. Ground particles are typically assessed for their size distribution. They are also visually analyzed using image analysis. However, image analysis is not a comprehensive evaluation of the particle surface texture. It evaluates particle’s size parameters such as area, diameter, and perimeter amongst other features. On the other hand, morphology analysis takes the particle assessment to another level of detail. Morphology analysis evaluates particles’ roundness, elongation and angularity that would indicate the degree of roughness of the particle. According to Roufail and Klein (2009), rougher surfaces are generated due to breakage along grain boundaries – intergranular breakage. Mill operation, particularly mill speed, dictates the dynamics in the mill. Stirred mills are known to break the particles via abrasion under standard operation. However, if the dynamics of the grinding media in the mill are changed, the particles could be more exposed to impact and compression loading that would lead to a different mode of breakage.In this paper, the effect of material properties and mill operating conditions on particle morphology will be studied. Hard non-sulfide versus soft sulfide minerals are compared, namely quartz and galena, respectively. Extreme mill speeds are tested covering the range of 1000 to 2000 rpm for a 4-litre Netzsch (ISA) mill. In addition to particle size distribution, micro-analysis is executed in the form of morphological analysis using a tested manual roughness point counting technique.INTRODUCTIONGrinding in general and stirred milling in particular are processes that are used to break particles to liberate metal-bearing minerals for further separation downstream. The energy required to achieve the target particle size versus maximum possible liberation has been studied intensively and it is usually the breaking point for the grinding system chosen in a process flowsheet. Operating conditions are dictated by the energy consumption. Becker et al. (2001) related different forms of energy such as input, specific, volume/mass specific energies to stress intensities and final product fineness. Other research studies focused on energy input in a stirred mill (Zheng, Harris and Somasundaran, 1996)."

Jan 1, 2011

By Eric Low

Raising capital by issuing debt or equity is necessary in almost every corporation. In the field of corporate finance, the raising of capital is a heavily-studied topic. However, some of what is studied on this topic in corporate finance is not applicable in the mining industry. There are also many financing options that were created for the mining industry such as flow-through shares, prepaid forwards, and royalty sales. The cyclical nature of the industry makes the risk-return profile of financings more difficult to estimate than in other industries. Additionally, the methods used to assess firm value are different than other industries, as the values of orebodies are not included on balance sheets. For precious metals companies, which are a hedge against most other securities, there are additional complications with determining investor expectations and cost of equity. This thesis puts forth a decision-making framework to explain mine financing choices from the perspective of mining companies. The approach is threefold. First, all of the major equity and debt financing instruments available to mining companies are presented and analyzed. Each financing method is assessed on a wide range of criteria. Next, these concepts are applied in case studies of four companies: BHP Billiton, Barrick Gold, Teck Resources, and Noront Resources. For each company, the overall choice of financing methods is shown and analyzed. The effect of financing choices on the weighted average cost of capital (WACC) is calculated. The final section deals with case studies of individual mine finance decisions during the past two years.

May 1, 2011

By Ken Dyck, Chuck Edwards

"Cameco's McArthur River is the world's largest high grade uranium mine. Production started in late 1999. Cameco carried out the engineering design and construction management for the McArthur River project, including all aspects of mining, ore handling and ore transportation. The ore composition was expected to vary dramatically (0 to 30% U3O8; 0 to 25% clay; etc). To cope with the composition swings, sizing screens were selected to provide classification in the grinding circuit. The grinding circuit started up close to the design to provide minus 500 micron slurry. The 50% solids (wt) ground ore slurry proved to be difficult to transport to and process at the Key Lake Mill. Slurry containing high concentrations of high density pitchblende (about spgr 8.0) and low concentration of stabilizing clays, would settle in containers. Ore transport efficiency to Key Lake was found to be unacceptable.A test classification cyclone was installed in the grinding circuit at McArthur River early in 2002. The cyclone operating parameters were not typical, but the cyclone was made to work very successfully. Transportation efficiency to Key Lake increased due to more stable slurry. Preferentially ground (fine) pitchblende particles were easier to leach at Key Lake. The radiation exposure for operators and maintenance personnel to handle the more stable slurry was also reduced.The classification sizing screens were removed from the McArthur River grinding circuit and replaced by permanent classification cyclones late in 2002.INTRODUCTIONThe McArthur River mine and Key Lake mill operations are located in northern Saskatchewan, approximately 650 and 720 kilometres from Saskatoon, respectively. Figure 1 is a location map. McArthur River is the world's largest, high-grade uranium mine, with a production capacity of 18.7 million pounds U3O8 annually. (Rosner and Edwards 1998, Dyck 2000, Jamrozek 2000, Rodgers 2001) Proven and probable reserves are more than 473 million pounds U3O8. McArthur River ore, grading on average 21% U3O8, is milled at Cameco's Key Lake operation, 80 kilometres southwest by road. McArthur River production began in December 1999."

Jan 1, 2004

By T. Holmes

Investigations reveal that the throughput difference between a perfect production day and the average is often on the order of 40%, and that bulk solids handling system deficiencies are the largest (>50%) class of lost opportunities. Root causes for underperformance of elements in material handling systems can often be traced back to the detailed design and even study-stage oversights. To reduce or eliminate bulk solids handling problems in an existing system requires an analysis of troublesome handling equipment – for example, a concentrate transfer chute that experiences plugging, poor flow to the furnace, unacceptable dust generation, and spillage. These problems often lead to significant maintenance costs related to downtime and personnel time. Understanding the cause and cost of flow issues is the first step in troubleshooting the problem. Next, measuring the material’s flow properties is critical to providing design data required to develop a comprehensive scientific solution. In the case of a new installation, the design data is required to properly design the system right first time and prevent flow problems from occurring so that the new equipment works correctly from start-up. This paper highlights the cost of material handling problems and discusses the best approach to evaluate material handling system deficiencies. A case study is given of how Anglo American's operation in Barro Alto Brazil enjoyed a 5-month payback from a bulk solid transfer chute debottleneck project. INTRODUCTION When operating a plant or designing a greenfield or brownfield operation, the intent is to have perfect production days (PPD) each and every day. Money is made by moving material through the plant in a controlled manner to produce the desired product. Mining operations and copper concentration processes are at the most basic level a practice in bulk solids handling (BSH). Unfortunately, many of the project planning steps are overlooked, particularly related to BSH. Investigations reveal that the throughput difference between a PPD and the actual average is often on the order of 40%, and that BSH system deficiencies are the largest (>50%) class of lost opportunities (Wellwood, 2017). Root causes for underperformance of elements in material handling systems can often be traced back to the detailed design and even study-stage oversights. BSH issues are essentially baked into the fabricated plant and left to operations to accept the deficiencies and deal with them for the life of the mine. These deficiencies then become part of the normal operation of the mine and plant.

Jan 1, 2019

By Roussos Dimitrakopoulos

Conventional approaches to estimating reserves and optimizing mine planning and production forecasting result in single, often biased forecasts. This is largely due to the non-linear propagation of errors in understanding orebody attributes from a limited finite number of drilling data, throughout the chain of mine planning and mining. A new mine planning paradign is considered herein to include two interacting and potentially fusing elements: stochastic simulation and stochastic optimization. These two elements provide an expanded mathematical framework that allows the modelling of orebody uncertainty and its direct integration to mine design, production planning and valuation of mining projects and operations. This stochastic framework has shown to increase the value of production schedules in the order of 25%. In addition, case studies show that stochastic optimal pit limits are about 15% larger in terms of total tonnage, compared to the conventional (deterministic) optimal pit limits. This difference extends life of mine and adds approximately 10% of net present value (NPV) to the NPV reported above from stochastic production scheduling within the conventionally optimal pit limits. Furthermore, results suggest a potential new contribution to the sustainable utilization of natural resources.

Oct 1, 2009