Search Documents

By Christopher R. Lattanzi

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

Jan 1, 2003

By Bert S. Hall

"The purpose of this paper is to review the evidence at hand concerning the earliest centuries of cast iron in Europe, from roughly 1400 A.D. until the second half of the sixteenth century. For the most part it is concerned with the relationship between two technologies which emerged first in China and then later appear in Western lands, gunpowder weapons and iron founding. We should not assume, as I hope to show later in this discussion, that weapons constituted the only product for which the iron founder had any market, but it is clearly true that attempts to produce weapons constituted the most severe technical challenge for the early founder. Firearms appear for the first time in Europe in the 1320s and develop into significant weapons on the field of battle by the end of the century. Theirs is a complex history, subject neither to easy summary treatment nor to simplified models of development. I hope to be able, through the analysis of the evidence concerning cast iron, to show that one important strand in the fabric of gunpowder's history concerns the materials from which cannon could be made. This question is subject to a number of shades of meaning, because ""cannon"" can be made for many purposes under a profusion of different names, and under sharply varying conditions of use. As a result, the question of materials is frequently really a question of competing materials, and involves a complex set of factors, of which production costs and the ultimate safety of the user seem the most important. Judged in this manner cast iron was an important but unsatisfactory metal for weapons purposes until 1543, at which time English founders learned to make iron muzzle-loading cannon which could rival bronze ordnance in most important performance criteria, but which cost much less to produce. With that event, the history of cast iron and the history of weapons entered into the close relationship that persisted until the advent of rifled artillery made of steel in the middle of the nineteenth century."

Jan 1, 1999

By G. Vibert Douglas

NICKEL minerals are known in New Brunswick but have never been reported from Nova Scotia. The attention of the writers was drawn to an occurrence of pyrrhotite, reported to carry nickel, at the Second Gold brook, Middle river, Cape Breton. The purpose of this paper is to record the occurrence and give an account of the general geological association. In a later paper it may be possible to give greater details? than are available at present. GEOLOGY The area lies at the edge of a plateau of Precambrian rocks which forms the panhandle of Cape Breton island. This plateau has a general elevation of 1,200 feet. Middle river, with its tributaries, the First, Second, and Third Gold brooks drains the area. The lower country to east and southeast of the plateau is underlain by lower Carboniferous sediments. The rocks of the plateau are presumably of Precambrian age but have never been definitely correlated with the Gold-Bearing Series of the mainland. ?There i:s; however, some resemblance, although they have apparently been more intensely mountain-built. They are essentially fine grained, sheared quartzites and slates . The general strike is east and west, with a north dip of 45° to 55°. There are smalllocal drag-folds in the area. The only igneous rock in the immediate vicinity is an intrusive pink porphyry. It has small phenocrysts of quartz and feldspar. It has intruded the sediments generally along the structural planes, but in places crosses the structure . Its intrusive character is further proved by the fact that it contains xenoliths of the quartzite.

Jan 1, 1937

By C. Jay Hodgson, Adrienne C. L. Larocque

The Mobrun VMS deposit in northwestern Quebec does not fit the classic Noranda type model, but exhibits characteristics more consistent with a Mattabi-type deposit. The orebodies are underlain by fragmental volcanic rocks indicative of explosive volcanism in shallow water. Felsic volcanic rocks are more abundant than mafic rocks. Alteration assemblages comprise chlorite, carbonate, sericite, and quartz. Broad semi-conformable alteration occurs high in the footwall to the 1100 lens. Mobrun occurs higher in the stratigraphic sequence than most of the other deposits in the Noranda camp. In this part of the stratigraphy, zones of pervasive carbonatization may be more useful guides for exploration than zones of silicification.

Jan 1, 1993

By Colin E. Dunn

Abstract-Plants have a remarkable ability to select, use and store metals derived from the substrate. Each species is unique in its requirements for and tolerances to the full spectrum of chemical elements in the Periodic Table. Studies to define the chemical characteristics of common trees and shrubs of the temperate forest are providing insight to their use for exploration, i.e., biogeochemical exploration. Examples of surveys over gold deposits in British Columbia show the effectiveness of sampling various tissues from different species in a range of biogeoclimatic environments. At the Nickel Plate mine in the Montane-Spruce zone, outer bark of Lodgepole pine was effective in defining a large area of metal enrichment; at the Carolin mine in the zone of Coastal Mountain Hemlock, analysis of twigs of western hemlock and Pacific silver fir provided an exploration target considerably larger than that defined by lithogeochemistry; at the Mount Washington gold deposit in the Mountain Hemlock zone, twigs of mountain hemlock and rhododendron were used to outline the mineralization; and in the Interior Douglas-fir zone at the QR deposit analysis of Douglas-fir tops collected by helicopter provided a rapid and effective method of identifying a gold-rich area.

Jan 1, 1995

By W. E. Cockfield

"The Last Chance claim is about 13 miles north of the village of Nicola and northeast of the city of Merritt; in the south-central part of British Columbia. It lies within Nicola mining division on the northern slope of Swakum mountain; near its summit. It may be reached by means of a branch road from the Kamloops-Merritt highway that leaves the highway at Nicola.The property was originally staked as a copper prospect by Oscar Schmidt in 1916. A number of cuts were driven and a test shipment of 22 tons of ore, averaging 4.6 per cent copper, was made from the surface showings. The property was then optioned to Granby Consolidated Mining, Smelting and Power Company, Limited, who did a small amount of drilling, after which the option was abandoned. The same year an option was secured by Northwestern Mines, Limited, of Spokane, and a SO-foot shaft was sunk. This option also was abandoned and after a number of years the property lapsed, but was re-staked in 1942 as a tungsten prospect along with other claims, and was drilled for the Metals Controller in 1943."

Jan 1, 1954

By Hans Lundberg

The magnetometer which was developed during the war for detecting submarines has proven exceedingly valuable in outlining deep-seated structures in oil exploration, and will be useful also to geologists in outlining regional structural features in the Precambrian. Our magnetometer has been developed to outline local and detail structures. 1 am quite sure that all geophysicists and geologists would agree with me that, in ore prospecting, it is important to obtain as much detailed information as possible. We know that, as we ascend from the ground and get away from the magnetic ore-bearing structures and orebodies, the magnetic intensity decreases rapidly, but, worse than that, we lose the details even faster. Figure l shows two strong, very sharp, magnetic 'highs' over two orebodies which, as our distance increases, rapidly merge into one fairly broad, moderately strong anomaly. If we drilled on this maximum, we would not encounter any of the orebodies. Therefore, we should fly the airborne magnetometer as close to the ground as possible in order to duplicate the results of the magnetic ground surveys. The first chance to accomplish this came with the helicopter, which is an exceedingly maneuverable aircraft. It can be landed in a cleared space not much more than fifty feet square. With floats, it can be landed anywhere, even in a swamp, on thin ice, or on soft snow. It can stand still in the air, hovering over a given point. It can ascend and descend vertically, fly sideways and even backwards, at the will of the pilot. It flies forward at any speed up to l00 miles an hour. The helicopter can be taken to any desired position at a given time. It can fly at any useful altitude from a few feet to several thousand feet above the ground. It can fly very close to the ground with safety. In bare areas, the survey flight may be performed a few feet above the ground. In forested areas, however, the flights, to clear the trees, must be made at l00 to 150 feet. To mark out a certain point, a small parachute-like marker may be draped over a tree or laid on the ground. This can be done from the helicopter without touching the ground.

Jan 1, 1947

By P. Hale

"The trend to drives of more than 10,000 hp on large-capacity ball and autogenous mills for increased operating efficiency has been limited by factors in the conventional drive system. A solution to this problem, using modern developments in static converter technology, is the concept of driving the mill directly without gearing using a low-speed, low-frequency synchronous motor with a cyclo-converter power supply.This paper presents various practical arrangements of mill and low-speed motors giving the specific advantages of each system. The means of controlling inrush currents on starting and of spotting by the use of variable-frequency control are outlined in general form. Several gearless ball mill drives are scheduled for start-up in European cement plants and further orders have been placed."

Jan 1, 1970

By Nelson C. White

This paper summarizes the present state and future prospects of the potash industry, with special reference to its impact on production in Saskatchewan.

Jan 1, 1968

By André Chagnon, Héroux. Yvon

"Résumé - Cette étude porte sur l'altération de la matière organique et des argiles dans les boues carbonatés dévoniennes du facies ""F' de la Formation de Pine Point et ses équivalents stratigraphiques la Formation d'Evie et l'unité bitumineuse de la base de la Fonnation de Hom River. La matière organique se compose principalement de bituré solide et de quelques fragments de fossiles (organaclastes). La majorité des échantillons ne renfement que de l'illite et des inter-stratifiées illite/smectite.Si on compare les températures d'homogénéisation (Th = 100°C) des inclusions fluides de la sphalérite et des dolomites associées a la minéralisation aux températures estimées à partir de la réflectance de la collinite (84°C à 117°C), l'on ne peut pas conclure à la présence d'une anomalie thermique dans le district minier de Pine Point. De plus, la réflectance des organoclastes n'est pas plus élevée dans le district minier de Pine Point que dans les localités plus éloignées des gites. L'analyse des minéraux argileux conduit à la même conclusion: aucune anomalie thermique n'est décelable dans les unités échantillonnées à l'intérieur du district minier de Pine Point quelque soit l'indicateur utilisé.La kaolinite et la matière organique altérée, affichant des valeurs anomales de sa réflectance, se trouve essentiellement en présence de soufre et de sulfures. Cela suggère une origine authigène de la kaolinite et une altération de la matière organique reliées au phénomènes de minéralisation.Abstract - The alteration of organic matter and clays is studied in the Devonian Pine Point Formation carbonate muds, ""F"" facies, and its lateral equivalents the Evie Formation and the bituminous unit at the base of the Hom River Formation. The organic matter is mainly composed of solid bitumen with few fossil fragments (organoclasts). Most samples contain only illite and mixed layer illite/smectite.If we compare the Th (100°C) from fluid inclusions of sphalerite and dolomites associated with mineralization to the temperatures calculated from the reflectance (Ro) of the collinite (84°C to 117°C), we cannot detect a thermal anomaly in the Pine Point mining district. This result is based on the reflectance values of organoclasts from the mining district that are not higher than those reflectance values measured on organic matter (OM) away from the ore deposit. A similar conclusion is reached from the clay study: none of the parameters used allow us to identify a thermal anomaly in the samples from the mining district.The kaolinite and the altered OM showing anomalous Ro values mainly occur with sulfides and sulfur. This association suggests an authigenic origin for the kaolinite and an alteration of the OM due to the mineralization events."

Jan 1, 1994

By W. D. Robbson

DR. G. W. RAMSEY (l): A study of our non-treatment silicosis autopsy material for the years 1940-43 inclusive, in addition to the common findings of fibrosis, nodules, and emphysema, shows marked thickening of the alveolar walls. This change is due to one or more of the following factors: congestion, edema, accumulation of both small and large monocuclear cells within the interstitial tissues and large monocuclear cells attached to the lining membrane of the alveolar sacs. This alteration in the alveolar walls, we believe, is one of the most important factors in producing impaired pulmonary function. Comparison of our first autopsy material of a case receiving twenty aluminium treatments beginning June, 1943, shows a striking change in the alveolar walls. In all areas free of silocotic nodules and fibrous tissue, the alveolar walls approach normal thickness and are free of cellular deposits. No change was noted in the old processes and none was expected. We believe that these changes in the alveolar walls were brought about by the aluminium therapy and that they constitute a major factor in the improved pulmonary ventilation noted in treatment cases.

Jan 1, 1945

By Balmer Neilly

To one with so little experience in matters pertaining to currency, international finance, and foreign trade, this is surely an ambitions venture on my part. However, this is a subject of prime importance to all seriously minded Canadians and, if we are to obtain any clear understanding of the factors involved, we must study the facts and debate such points as may remain at issue. During the last few years, the world' s better known economists have described the gold standard in all its ramifications and in such detail as to leave many of us even more confused than before. If we, then, are to acquire any real conception of its meaning and use, I think we must reduce it to its fundamentals and start from there. To my way of thinking, gold in ? trade and commerce is the symbol of honesty. When you seek to discharge a debt by tendering paper you hand the recipient an I.O.U. which may or may not be good, for the purchase of goods or services to the extent of its face value. When, however, you discharge a debt by the payment of gold, it constitutes a complete and final discharge. There are no reservations - no ifs and ands - and the transaction is definitely closed to the satisfaction of all concerned. Gold, then, is evidence of accumulated and transferable wealth that is immediately acceptable in practically every part of the world. However, there is not nearly enough gold to meet the demands of world trade, and. many years ago this deficiency gave rise to what we now describe as our banking system.

Jan 1, 1949

By Andrea Lisjak

The mechanical behaviour of Opalinus Clay, an indurated over-consolidated argillaceous rock, is heavily influenced by the presence of preferably oriented bedding planes. The objective of this study is to illustrate a new modeling approach aimed at capturing the bedding-induced anisotropy of Opalinus Clay as observed in the laboratory and in situ. The combined finite-discrete element method (FEM/DEM) is employed as the main simulation tool. FEM/DEM is a numerical method that models material damage processes by explicitly considering fracture nucleation and propagation. A transversely isotropic elastic constitutive law is used to account for different elastic property values in the direction parallel and perpendicular to the layering, while strength anisotropy is captured using a directional cohesive fracture model. Quantitative calibration and validation of the model is based on laboratory results of indirect tensile tests and uniaxial compression tests. Emergent strength and deformation properties, together with the simulated damage mechanisms, are shown to be in good agreement with experimental observations. Preliminary results relative to the analysis of a circular tunnel show that the approach is able to reproduce the main Excavation Damaged Zone (EDZ) formation mechanisms as observed in the field.

Jun 1, 2012

By Cheryl L. Allen

The increasing energy costs associated with mining has become an issue that needs to be addressed for future sustainable production. Vale Inco is undertaking a Ventilation on Demand (VOD) Project in an effort to minimize costs, continue to mine at depth and reduce green house gas emissions. A dynamic VOD system is very complex with potential high risk. Therefore, a systematic approach is being taken for successful development and implementation of the concept. The physical components of the system are currently being tested at various Vale Inco mine sites. While the operability of the physical components are being tested, the strategy for optimizing the architectures of the system is being defined. This presentation discusses the method of developing a VOD system at Vale Inco.

Feb 1, 2008

By Patrick Andrieux

Cet article décrit une nouvelle méthodologie qui quantifie les chances de succès d’un sautage confiné à grande échelle de relaxation des contraintes dans un pilier de mine souterraine, pour un massif rocheux et un régime de contraintes donnés. La méthode est basée sur un nouveau paramètre nommé « Indice de relâchement », qui considère huit paramètres géomécaniques et de forage-sautage qui contrôlent ultimement le procédé. La rétro-analyse d’études de cas bien documentées a démontré que l’approche peut indiquer de manière fiable si une situation donnée de hautes contraintes de terrain est susceptible d’être améliorée par un tir de relâchement confiné à grande échelle et si le design proposé est adéquat pour atteindre ce but.

Jan 1, 2009

By G. S. Hume

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

Jan 1, 1932

By Joseph Bradley

THROUGHOUT this article, minerals used in the paint industry are designated 'pigments'. They may be classified in two groups: (1) Pigments which are used in the state in which they occur in nature, requiring only mechanical preparation. (2) Pigments which require heating or chemical treatment before use, in order to obtain from them a product of the desired quality or shade of colour. They may be further classified according to colour, as follows: White Pigments .-These include calcium carbonate (chalk, marble), gypsum and alabaster, kaolin-or china-clay, and magnesia. However, the white pigments most extensively used are compounds prepared chemically from minerals containing lead, zinc, titanium, and antimony. The white pigments are of particular importance because, not only are they used by themselves, but they also serve as adjuncts to other colours for the production of special shades. Yellow Pigments.-These are mainly naturally occurring ferric hydroxides, as limonite and bog iron ore, or similar. compounds prepared artificially. Brown Pigments .-Pigments of this group are distinguished for their beauty and depth of colour, and many of them are used in the finest of paintings. Familiar names are sienna, umber, and Vandyke brown. They are for the most part ferric hydroxides, containing varying amounts of water; but the group also includes a manganese brown, which consists chiefly of a mixture of oxide and hydroxide of manganese. Red Pigments.-Chief among this group is ferric oxide, known under various trade-names, such as Canadian red, Persian red, etc., and also the much prized and somewhat rare vermilion. The pigment used is either naturally occurring hematite, de-hydrated limonite, or artificially produced red ferric oxide.

Jan 1, 1937

By Roderick C. McDonald

Great Bear lake, the fourth largest body of water on this continent, comprises an area of approximately 12,000 square miles, and is set astride the Arctic circle, with a large portion of it witnessing both the Arctic winter night, and the Arctic summer day with its midnight sun. The very name itself, Great Bear, suggests an Arctic region. The seasonal contrasts at Great Bear lake are very marked by the cold and darkness of winter, and the warmth and brightness of summer. Signs of winter such as low clouds, snow, sleet, fog, and night frosts, generally appear the latter part of August, while ice forming on bays during the last two weeks in September ends boat travel on the lake about September 30th.Early in June the ice leaves the river mouths, during the last ten days of the month it disappears from small bays, and at some time during the last two weeks of July the main body of the lake becomes navigable. In 1916, the ice disappeared earlier than usual, and the lake was navigable on July 5th. Great Bear river generally breaks up about June 1st, but, on account of ice cliffs and floes, it is not navigable with safety until early in July. Even then, the traveller is confronted with the Charles rapids, but these might be overcome by a wagon or motor road, such as the one from Fitzgerald to Fort Smith: However, in 1931, Mr. A. W. Boland, Fort Norman, N.W.T., carried with scow and motorboat practically all freight between Fort Norman and LaBine point and Hunter bay, at the east end of the lake. During July and August, two types of clothing are required, for, although the days are mainly ones of warm sunshine, the nights are cloudy and cold. In the winter season, fur clothing is used exclusively. Considerable timber, mainly white spruce, suitable for fuel and building purposes, borders the lake and extends eastward to the Coppermine river. North of the lake, no timber is found except in the river valleys, but with oil and coal possibilities near Fort Norman, the fuel situation might be solved.

Jan 1, 1932

By Mark Liskowich

When is it the proper time to initiate engagement with various stakeholders, including Indigenous communities? This paper will demonstrate what stage of a project’s evolution is the appropriate time to initiate a stakeholder engagement plan. It will look at aspects to consider when identifying the communities to involve. It will describe the contents of a Stakeholder Engagement Management Plan as well and touch on how tried and true options analyses, such as a Multiple Accounts Analysis can be used to inform the results of the engagement, guide the development of your project and clearly document the engagement process. It will illustrate the benefits of initiating engagement at the appropriate point in your project’s schedule, and the limitations of doing so too early and at later stages of the project engineering. The benefits of this approach can be realized within any legislative Jurisdiction including the Canadian Environmental Assessment Act 2012 and Canada’s new Impact Assessment Act.

Jan 1, 2020

By C. Gaubert, G. Bourassa

"The construction or rebuild process in the anode baking furnaces has been modeled with the software Rockwell Arena, in order to minimize the process cost and risk. The case study was focused on the sectional rebuild (""on the fly"") that needs a high coordination of the material inventory, the on-site personnel and the construction/production schedule. Multiple entities and resources were allocated for the different part of the process (in-furnace process, prefabrication, materials transportation, etc.). Logic flow charts and VBA macros were used to simulate the space utilization (including cranes utilization) and interaction with production. MS-Excel output files can show user-friendly results."

Jan 1, 2006