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By Xue Yang

Even though many approaches have been proposed for automated fault detection and diagnosis of Heating Ventilation and Air Conditioning (HVAC) systems, and advanced maintenance programs, such as preventive and predictive maintenance have been applied for the systems, issuing work orders for corrective maintenance is still a reality. Currently corrective maintenance still accounts for more than 55% of all maintenance programs in average facilities in the US (DoE, 2010). Indoor air related problems are especially important among corrective maintenance work orders. This paper provides details of a case study conducted to capture the workflow that HVAC mechanics follow, their rationale in diagnosis process and the information they typically refer to while responding to indoor air related corrective maintenance work orders. The general workflow for HVAC mechanics to complete such types of work orders was summarized into 5 stages, and generic information requirements recorded from the case study were synthesized. Initial findings show two main challenges in the industry for HVAC mechanics to get access to required information, which highlights the need for a systematic approach that would enable identification of such information applicable to a given context under which a work order has been generated and provide values of required information for HVAC mechanics to do sound diagnosis through integrated data repositories.

Aug 1, 2013

The problem of thin and very thin coal seam extraction in a long perspective of Ukraine?s fuel and energy industry development was determined. Technical and economic benefits of coal seams selective mining technique including beneficial environmental impact were substantiated. The scientific and practical aspects of development of borehole underground coal gasification (BUCG) technology are considered. The technological scheme of underground gas generators is offered on the basis of the authors? criteria of fitness and adaptability to the mine and geological conditions. These charts foresee the preparation of gas generators from earth surface and directly from the present mine working by inclined horizontal boreholes. Basic research is directed at abandoned supplies extraction in coal mines. Concepts of technological decisions and technical implementation of the underground part of the gasification system are worked out with analytical models, with subsequent test verification on special options and a mine experimental gas generator. Forming the technological scheme of gasification is founded on the basis of tying up spatial and sentinel factosr of coal seam gasification taking into account sufficient impermeability of the system a «gas generator ? rock massif» and to dirigibility by thermochemical processes that flow in a rock massif. The offered solutions contain the possibility of creation of the power and chemical enterprises of gasification, taking into account the complex use of BUCG products in the ecologically reserved technological cycle. Gas generator efficiency is evaluated from an economic standpoint.

Aug 1, 2013

By E. Landry, W. Naudts

"The amenability theory was developed by Alex Naudts and considers grouting operations as continuous permeability tests where Newtonian test fluid water, is replaced by a cementitious or solution grout. It utilizes hydraulic conductivity and grouting data to establish the amenability coefficient of a particular grout zone. The amenability coefficient reflects the quantity of apertures or voids accessible to the selected grout, divided by the number of apertures accessible to water, in the zone intersected by the grout hole. By calculating, in real time, the effectiveness of a particular grout at the start of a grouting operation, the most appropriate grout to match design criteria can be targeted. By incorporating the amenability theory in every grouting operation, schedule savings and an increase in productivity are typically achieved. Three short case studies illustrate different enhancements in productivity: At an underground mine during the construction of declines, a cement based suspension grouting program was highly ineffective and did not appear to affect the inflow into the mine workings. The amenability theory was utilized to evaluate the grouting program and based on this evaluation, changes to the grouting program were made which allowed the grouting to meet the project’s objectives. On another project, a pre-excavation grouting program implemented during shaft sinking operations utilized the amenability theory to select the most suitable grout for the program. Schedule constraints also influenced the selection of the grout. In the third case history presented, the amenability theory was used to select the grouting sequence of every individual grout hole for a grouting project in a highly heterogeneous soil formation. INTRODUCTION The amenability of a given soil, civil structure or rock formation for a particular grout formulation is a measure of the ability of that grout to permeate the pores, fissures and apertures water will flow through. The amenability coefficient of a particular grout for a specific zone equals the percentage of apertures, pores and fissures accessible by water that are also accessible by grout. Grouting should be viewed as a continuous permeability test, where the apparent in-situ hydraulic conductivity value for a particular grout zone is continuously evaluated, using grout instead of water as test fluid."

Jan 1, 2019

By Jorge M. C. Soares

The CO oxidation reaction has been studied on Au/TiO2 catalysts prepared by incipient wetness (IW) and deposition-precipitation (DP) methods. Additionally the assessment of activity was also conducted on simple gold compounds (Au2O3 and Au(OH)3) and their physical mixtures with TiO2. We have found that there are three types of CO2 production from fresh catalysts, which are only dried, namely: Non-catalytic Type I (low temperature CO2 production); Non-catalytic Type II (higher temperature CO2 production) and Catalytic Type III. The DP catalysts are far more active for Type III reaction, showing activity already at room temperature, whereas the IW catalysts generally do not show steady state conversion until T>673 K. This is due to both large particle size and the presence of residual chlorine for the latter. No truly catalytic activity was found for low temperature CO oxidation on gold precursors on their own, although both Au2O3 and Au(OH)3 react well with CO even at room temperature in an irreversible manner (Type I reaction). Despite that, catalytic activity was obtained by mixing Au(OH)3 or Au2O3 with TiO2 which gives further emphasis on the importance of a good contact gold/support and the absence of chlorine.

Oct 1, 2003

By Ki-Bok Min, Seokwon Jeon, Seung-Beum Choi, Taehyun Kim

"In order to investigate anisotropic characteristics of Boryeong shale in Korea, which clearly shows transverse isotropy, a series of experimental tests were carried out. Using Brazilian test, five elastic constants and tensile strength of the shale were evaluated. Elastic constants were determined by iterative procedure and in order to perform this procedure, constitutive model was modified to fit the experimental condition. The anisotropic ratios of elastic constants were evaluated and the applicability of the methodology was assessed. Apparent Brazilian tensile strength profile was investigated and the ratio of the maximum to minimum tensile strength was estimated. Results showed that the tested rock type had low to moderate anisotropic characteristics.INTRODUCTIONMechanical, thermal and hydraulic characteristics of many rocks vary according to direction, which is known as inherent anisotropy, and it is originated from stratified and/or foliated structure of intact rock and discontinuity of rock mass. Anisotropy is one of the long standing issues of rock mechanics field and it has to be taken into account in several engineering fields such as civil, mining and petroleum engineering. An anisotropic medium has 21 independent elastic constants without any assumption of symmetry. If a material has any symmetry, the number of elastic constants required to define its behavior reduces and eventually two constants are necessary if it has complete symmetry, which is known as isotropy. An anisotropic medium that has remarkable planar structure due to its stratification and foliation such as bedding is often called as a transversely isotropic medium. Transversely isotropic model is frequently adopted in many applications especially for sedimentary rock formation and five elastic constants are required to establish the constitutive model."

Jan 1, 2015

By R. Bruce Graham

"For the purpose of this paper, the Chibougamau area is taken as lying between lats. 49°20’ and 50°10’ N;-longs. 73°45’ and 75°30’ W. It comprises an area of some 4,000 square miles and is centred 300 miles north of Montreal.The first recorded report of metal deposits in Chibougamau was that of James Richardson in 1870-71 (I). In 1903 discoveries of asbestos, copper, iron, and gold made by Peter McKenzie stimulated considerable activity in the district. By 1909 interest had become so marked that considerable pressure was brought to bear on the Quebec Government to build a rail-way into the region. It was finally decided to have an authoritative opinion on its economic possibilities, and the Chibougamau Commission was appointed for this purpose (2). They examined the district in 1910 and concluded that at that time a railway was not warranted. Nevertheless, the district continued to be prospected and from time to· time gold and copper discoveries were made. Thus the Merrill Island deposit was discovered in 1920, the Campbell Chibougamau Cedar Bay deposit in 1922, Obalski in 1928, Opemiska Copper in 1929, and Norbeau in 1930.Difficulty of transportation was a severe detriment to the development of the region. Consequently the Quebec Department of Mines completed a road into Chibougamau in 1949. Further activity was encouraged. The Chibougamau Explorers, Quebec Chibougamau Goldfields, and Kayrand deposits were found in 1950. ** The copper-siderite zones on Copper Cliff ground were found in 1952 and 1953. Opemiska Copper, Campbell Chibougamau Mines, and Chibougamau Explorers were encouraged to prepare for production following favourable exploration results."

Jan 1, 1949

By N. Erarslan, M. Ghamgosar

The size of rock fragments depends on the nature of the loading applied the strength of the minerals and the texture of the rock. Research in the literature demonstrates that there is a distinct difference in the rock fracturing process for static and cyclic loading. The tensile strength of brittle rocks is also one of the most significant parameters influencing the rock fracturing process and the propagation of micro-fractures on the crushing, blasting and cutting of rock. The Brazilian indirect tensile test, one of the methods approved by the International Society for Rock Mechanics (ISRM), has been used to determine rock fracture behaviour under different cyclic loading modes. In this study, the dimensions of Brisbane Tuff specimens have been selected according to the method outlined by the ISRM. The main aim of this study is to evaluate the effect of cyclic loading amplitude and frequency on the Fracture Process Zone (FPZ) at the micro-, meso- and macro-scales. The post-failure behaviour of the Brisbane Tuff specimens was obtained under cyclic loading with frequencies varied from 1 to 10 Hz. The amplitude was varied from 10% of Ultimate Tensile Strength (UTS) up to 80% UTS. Laboratory investigations of rock fragment size revealed that different loading frequencies and amplitudes produce different FPZ dimensions. Multivariate Analysis of Variance (MANOVA) results demonstrated that the FPZ dimension is relatively sensitive to the frequency change. Fragment size analysis showed that the FPZ is a consequence of the initiation, propagation and coalescence of micro-fractures and depends on the nature of the loading. Laboratory evidence showed that the FPZ dimension, for the cyclic tests performed on Brisbane tuff, is ranged from 0.07 to 20 mm. The achievement of this study highlights a key finding in the understanding of fracture patterns and propagation models in the FPZ under cyclic loading, which is the dominate mechanical action in the oscillator disc cutter (ODC).

Jan 1, 2015

By Robert D. McKellar, Luke Frawley, Richard Okrasa

"The resource industries in Canada are facing increasing global competition and stringent environmental regulations. This has made it essential for companies to lower operating costs wherever possible. Electrical energy rep-resents one variable cost that may be better managed and utilized, providing the user with lower operating costs, improved productivity and better yields.The utility industry is also facing changes in the way it must do business. Utilities in North America are facing the prospect of deregulation that will eliminate the monopoly they have traditionally held. This will force them to strive for lower operating costs, to maintain a competitive position and to improve customer ser-vice so as to maintain their customer base.Ontario Hydro has been working with industry for several years. Many opportunities for cost savings have been identified involving energy efficiency, process improvements and the use of new electro technologies. One useful service that the utility can offer industry is to increase the awareness of potential opportunities suited to their operations. This paper will provide an overview of some of the projects that have been implemented and those that are presently being evaluated. An electronic data-base of electro technology applications that is under development will also be described."

Jan 1, 1996

By K. D. Watson

"THE Mindamar zinc-lead-copper mine, owned by Mindamar Metals Corporation Limited, is at Stirling in Richmond County, near the south-eastern shore of Cape Breton Island, Nova Scotia (Figure I). It is connected by several roads with the Canadian National railway at Sydney and St. Peters.The deposit is said to have been discovered around 1895 as an outcrop in the bed of Copper brook, but the details are obscure. Not until 1925, when it was optioned by American Cyanamid Company, was it developed underground. Between 1927 and 1938, the 1-nine was operated intermittently by The British Metal Corporation (Canada) Limited, and yielded approximately 200,000 tons of ore averaging about IO per cent zinc, 2 per cent lead, I per cent copper, and small quantities of silver and gold. In December 1950, Dome Exploration (Canada) Limited made an agreement with Mindamar Metaî Corporation Limited, which was exploring the old mine, to assume management and prepare the property for production. Production started in April 1952 with a new mill and a new four-compartment shaft, and between that time and the end of 1954 it has totalled 545,347 tons of ore averaging 5·89 per cent zinc, 1·35 per cent lead, 0·66 per cent copper, 0·032 oz. gold, and 2 151 oz. silver.The Mindamar orebodies are irregular lenses and large veins lying within a wide, almost vertical shear zone of remarkable persistency. The shear zone consists mainly of well-foliated sericite schist derived from siliceous siltstone, and it contains a vast amount of dolomite and magne-site of hydrothermal origin. Most of the ore is extremely fine-grained and some of the high-grade material has a conspicuous thinly layered structure. The metallic minerals, in order of decreasing abundance, are pyrite, sphalerite, chalcopyrite, galena, and tennantite; the gangue minerals, in the same order, are dolomite and magnesite, quartz, sericite, talc, chlorite, barite, albite, and alunite.The geological setting of the deposit is shown in Figure 2. Except along streams and lake shores, almost all of the bedrock is concealed by glacial drift. The group of rocks in which the deposit occurs consists principally of greywacke, siltstone, tuff, brecoia, and Javas, and has been correlated lithologically with the Bourinot group of Middle Cambrian age. A short distance west of the mine, these rocks are in contact along the Stirling fault with conglomerate, arkosic sandstone, and quartzite belonging to the Middle River group of Silurian or Devonian (?) age, which elsewhere in the area overlies the Bourinot group unconformably. The large bodies of granitic rocks in the region, and the large lenticular masses of diorite and quartz diorite associated with them, have been assigned by Weeks (5, pp. 68-69) to the Devonian."

Jan 1, 1949

By S. Caron

From the early 70?s, ?Centre de Recherche Minérale? (CRM) has conducted and co-ordinated Research and Development activities for the mineralurgical and metallurgical industries. Since 1999, CRM has continued its mandate through COREM which is a consortium of 13 members that uses the benefits and advantages of collaborative pre-competitive industry / university research. In particular, COREM?s ?In-Situ Optimization Group? is involved in the implementation of modern optimization and control tools. The POP Project was launched in order to increase and consolidate the use of modern optimization and control tools and methods for mineralurgical and metallurgical processes. To ensure a successful transfer in the industry, there are a number of essential activities that have to be undertaken. These activities have been identified by COREM?s members and are grouped into three main modules: - R&D Module: Research and Development in universities, research centres and other partners; - Technology Transfer Module: integration of new tools and methods into the POP Software, industrial applications and technical support; - Training Module: education of new engineers in universities, continuing education of plant personnel through on-site workshops and resource networking by specific information exchange tools. This paper outlines the opportunities that led to the definition of the POP Project and describes its main modules. The main features of the POP Software are presented, the first application is described and finally, future developments are discussed.

May 1, 2001

By P. H. Willis

Since the 14th CMMI conference, held in Edinburgh in 1990, at which a paper was presented by the author (Willis, 1990) reviewing the role of integrating new technology as a survival strategy for South African gold mines, considerable change has occurred in the South African mining industry. This paper reviews the current state of the industry and provides an update on the technologies discussed ten years ago. It reviews available technology and provides a broad economic assessment of these technologies if they were to be introduced in an integrated mining system with a focus on deep level mining below 3000 m. It also reviews possible future technologies currently being researched and developed by CSIR: Division of Mining Technology (Miningtek).

Jan 1, 2000

By Hal. Oliver

MR.]. G. TRAILL: My only excuse for contributing to the discussion on Mr. Hall's interesting paper is that I had the good fortune to be employed at Noranda during those romantic years, 1927 and 1928, when construction was at its height. The mine was in course of being rapidly prepared and brought into production, and the initial difficulties in crushing-plant and smelter were being met and overcome. They were stirring days, and perhaps those members who were with the second Empire Mining and Metallurgical Congress in 1927 sensed the atmosphere of excitement and activity that prevailed. Early History. Noranda must surely possess some of the most remarkable ore-bodies known to mining men, and the story of their development is pure romance. Ed. Horne's faith in the property, and the persistence of Thomson and Chadbourne, were richly rewarded in the end, but only after some very thin times had been experienced. In those early days access to the district was by the Kenojevis river and various portages to Osisko lake, on the shores of which the mine and smelter and the town of Noranda now stand. But all the early work was done on the Chadbourne claims, more than a mile to the west; through the b~sh. I have read a log of the events of that period, and through the whole tale of hard work, discouraging developments, occasional shortages of food, and constant danger from forest fires, can be read the faith and persistence of the men in charge. The Chadbourne ore was of that well-known type which, though just too low-grade to pay (with gold at $20 per ounce), is yet sufficiently encouraging to lead one on in the hope of striking something better. It was only as a last resort that work on the Chadbourne claims was suspended and a diamond drill brought to the gossan-covered hill beside the lake. The diamond-driller told me his version (it may be exaggerated) of how the position and direction of the first hole were decided on. He was told, "You might as well set up your drill here, and drill in, say, that direction". I believe that the first hole went through the richest ore ever found at Noranda. After the drill had gone through about 150 feet of solid sulphide ore running 17 per cent copper and 4 dwt. of gold per ton, it passed into barren rock, but the diamond-driller expressed the opinion (I wonder how he knew)) that the hole would come into ore again before long.

Jan 1, 1937

By Keith Haddock

"The Sheerness Mine, a new surface coal mine located near Hanna, Alberta, went into full production in mid-1995. The mine, which is operated by Luscar’s subsidiary Forestburg Collieries (1984) Ltd., has the design capacity to supply up to 2.1 million tonnes of sub-bituminous coal per year to the adjacent Sheerness Generating station under a 30-year contract. This paper documents the construction phase of this project and highlights the major equipment purchases as well as the construction of the mine facilities. The paper also focuses on some of the areas where cost savings have been achieved that have allowed the mine to come on stream six months ahead of schedule, and under budget. Project ReviewMine DescriptionThe Sheerness Mine is located 25 km southeast of the town of Hanna in southeastern Alberta (Fig. 1). The mining property occupies the western portion of the Sheerness CoalField and borders the Montgomery Mine, operated by Manalta Coal Ltd. in the east, and Highway 36 in the west. The Montgomery Mine and the Sheerness Mine exclusively supply the total coal requirement of the adjacent Sheerness Generating Station. The station is owned jointly by Alberta Power Limited (APL) and TransAlta Utilities Corporation (TAU). APL is the operator. Manalta’s Montgomery Mine has supplied coal to the Sheerness Station since its opening in 1986. Coal is shipped by truck from the mines over a network of haul roads to the coal receiving hoppers located on the east side of Highway 36."

Jan 1, 1997

By Katsutoshi Saibara

Network communication note is a cloud system for an earthwork project. It enables backhoe operators and dump truck drivers to monitor their own works in progress currently and performed up to the present, and to have opportunity to reflect on their own bearings in the earthwork operations, and then could increase their situational awareness to the actual work conditions. First, this paper presents problems and purpose. Secondly, the configuration of the network communication note is reported. Thirdly, examples of communications enhanced by the network communication note are shown. Finally, remarks are described.

Aug 1, 2013

By H. J. Rowley

THERE are many varieties of limestone, but for the general purposes of the pulp and paper industry, two classifications are sufficient: (1) High-calcium stone, which should be quite free from impurities and contain not less then 90 per cent calcium carbonate. (2) High-magnesium stone, containing not less than 25 per cent of magnesium carbonate. Before proceeding with detail on the use of limestone and lime in the industry, a few words regarding the pulp products made in Canada are desirable. By far the largest tonnage is made by grinding spruce and balsam logs on rotating sandstones or on artificial abrasive stones of the Norton or Carborundum types. This mechanical or groundwood pulp finds its largest use in the production of newsprint paper, of which it comprises about 80 per cent of the total fibrous substance employed-the remaining 20 per cent being unbleached sulphite pulp. No limestone or lime is directly employed in making groundwood pulp, as contrasted with the chemically prepared pulps, all of which require one or the other form of the base for their processing. Sulphite pulps comprise the next largest tonnage group. They are produced by boiling, under pressure and at elevated temperatures, spruce and balsam wood in chip form in solutions of bisulphites and sulphurous acid. The usual bisulphites employed are those of calcium and magnesium. Sodium, potassium, and ammonium bisulphites give progressively better pulps, but to date, in the absence of efficient recovery methods, cost has precluded their use.

Jan 1, 1939

Access to accurate real-time information is critical to maintaining efficiency and competitiveness in any modern minerals processing facility. At MMG LXML Sepon Copper Operation in Lao P.D.R., controlling the copper grade of the feed to the leaching circuit is paramount for maximising productivity and copper recovery. Since 2008, real-time analysis data has been available to process engineers from the Geoscan on-belt analyser installed on the Copper Mill feed conveyor. Access to accurate real-time results from the Geoscan has allowed the process engineers to strictly control blending based on copper grade to overcome variability in the plant feed, where conventional sampling and laboratory analysis is difficult, error prone and time consuming. In addition to enjoying these benefits since the Geoscan’s installation, in recent times the process engineers have expanded the use of the Geoscan by observing elemental results other than copper grade to control different aspects of the operation, focussing on the reduction of Gangue Acid Consumption. This paper discusses the process of expanding the Geoscan use at the operation, including an explanation of the calibration process. Additionally, a brief description of the Geoscan and its use at MMG LXML Sepon Copper Operation is provided, as well as a summary of recent calibration and analysis results. A discussion of future works concludes the paper.

Jan 1, 2016

By T. Patching

"THE FOLLOWING notes on coal mining in the Edmonton city area are based, in the main, on scattered reports and accounts as little coal mining has been done in this area for about 20 years and few people are left who were involved in what was at one time an important industry of northern Alberta. Although coal mining is not likely to be permitted in the city area itself in the future, a record of this work is warranted to indicate the ·conditions and problems that may be encountered if underground mining again is proposed in the district in the same geological formations and in similar strata. Coal mining in the Edmonton area developed with the influx of settlers in the latter part of the nineteenth century and the first part of the present century. Probably local coal was used by the Fort's blacksmith as early as 1841, and the early settlers probably were 'gopherholing' into the outcrops along the river banks by the 1870s. The first report of commercial coal mining was in 1880 when a contract was let by the Hudson's Bay Company for the provision of 300 tons. As the population in the city and northern parts of the province grew, many new mines were opened along the river and in the district, and coal was even shipped by barge to points in Saskatchewan(1 ,2) By 1909 the Department of Public Works reported that 'Edmonton stands as the second largest domestic coal producing centre in the province'. It continued to hold this position until 1942. From about 1912 to 1951 annual production from mines in the city and surrounding district ranged between 0.38 and 0.65 million tons, depending on weather, wars and strikes. Production began to decline in 1951 because of the increasing availability and consumption of natural gas which was piped into the city and then provided to other towns and rural areas in the northern part of the province. Taylor noted that between 1880 and March 1970, when the last mine within the city area closed, the total of mines and prospects within the Edmonton city area rose to 153. Most of them were small; not more than 20 produced more than a quarter of a million tonnes during their entire life, and only three produced a million tonnes or more. As described by Taylor ""within the city district workings extend discontinuously from the apex of a narrow triangle near Groat Bridge to the base of the triangle in the Clover Bar area"". The larger mines were in this latter area. Approximate locations of the old mine workings in the city are shown in Taylor's atlas. A number of other coal mines were worked in the Rabbit Hill, Big Island, St. Albert, Namao, Cardiff and Morinville districts around the city."

Jan 1, 1985

By L. W. F. Mackenzie

The influence of rolling temperature and annealing on the recrystallization and texture of magnesium AZ31 has been investigated. 100x125x6 mm AZ31 plate was cast in a permanent steel mould and then homogenized at 380°C. As-cast and homogenized microstructures were then characterized, and 35x30x6 mm specimens were machined from the homogenized material. Specimens were rolled up to 40% at temperatures between 25 and 350°C; selected specimens were subsequently annealed at 400°C. Following rolling, the microstructures were compared. The influence of rolling temperature on as-rolled texture has been demonstrated, and texture evolution has been evaluated following annealing. The recrystallization behavior has also been characterized. Optical microscopy, scanning electron microscopy and electron backscattered diffraction (EBSD) were used to characterize the microstructures of the alloys. X-ray texture analysis was used to investigate the texture in as-rolled and annealed specimens.

Jan 1, 2006

By Kwang-Hyun Jeon

Recently, 3D printing technology in the manufacturing field is in the spotlight. In the construction industry, similar rapid prototyping technology that does not use conventional form can be applied to meet the demand on free formed structure that can provide aesthetic value and functionality. Conventional formwork can increase construction cost and period for various structure with complex shapes while it has numerous advantages such as high strength, convenience, accuracy and good quality of surface roughness. To meet the demand on free formed structure, automated freeform construction systems such as Contour Crafting and Concrete Printing have been developed with active collaboration between university and industry in USA and England. However, details on the system have not been fully released in public, so the possibility of its fusion and spin-off technology cannot be expected. In this paper, cost-effective solution for mechanical and control system for constructing a free curved structure without mold are described. As an appropriate material for the system, fiber reinforced mortar was selected by experiments on compressive strength, setting time and fluidity. After performing G-code simulation, transfer and extrusion experiments with the selected mortar mix were performed and the possibility of the development of automated freeform construction system was demonstrated. Based on this research results, it is required to keep the automated freeform construction system improve and extend it into the new application area in construction industry.

Aug 1, 2013

By Lawrence Devon Smith

"The Management and Economics Society has undertaken a survey of industry practice in the evaluation of mineral projects. The survey addresses a number of issues relating to evaluation techniques, discounted cash flow methodology, and risk. Completed during the spring and summer of2005, the results provide a record of opinion at an active and vital time in our industry.The 2005 survey questionnaire was distributed by e-mail to groups and organizations around the world. There were 22 respondents out of several hundred questionnaires distributed (we gather this small proportion of respondents is typical for such surveys). The responses, although a small number, show a consistency that suggests that the survey has captured the views of the industry. The results of the survey are summarized below in series of tables and graphs.The reader is cautioned that the results are a snapshot of industry practice at a point in time as represented by a small sampling of the industry's practitioners. These results should be viewed as indicative values."

Jan 1, 2003