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By V. K. Karra

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

Jan 1, 1981

By Robert B. Parsons

"With several hoots of the whistle, Canada's fiscal engineers are once again cranking up the income tax locomotive, in an effort to inject new stimulus into a stubborn economy. And once again, additional gears, wheels, levers, and other mysterious part s are being added to the already complex machinery in order to accommodate the new push.This time, a significant new mechanism involves a major overhaul and expansion of the investment tax credit system.Although the shiny new devices have considerable appeal to a certain group of potential passengers, one wonders if all of the renewed chugging and huffing is on the right track.IntroductionAs indicated in Tax Notes in the July 1983 issue of CIM Bulletin , the April 19, 1983 federal bud get introduced a number of new measures which would permit investment tax credits and research and development deductions to "" flow through "" from a corporation to another taxpayer."

Jan 1, 1984

By Grant L. Anderson, Richard C. Rice, Richard L. Jentgen

"Data for underground mine-hoist ropes determined in the Ontario Special Rope Tests were obtained, encoded and analyzed statistically. Prior 10 refined statistical analyses, these data were subjected la characterization studies and preliminary analyses to allow trends to emerge that could be used to guide and facilitate the refined analysis. The data were characterized by determining distribution s for a wide range of variables including remaining strength, service life in terms of lime and hoisting cycles, outer-wire torsion values, elongation during tensile testing, diameter reduction, location of strength loss and the strength lasses associated with corrosion rating and lubrication rating , This paper describes the more important relationships between remaining strength (or, conversely, strength loss) as the dependent variable and some of the principal independent variables mentioned above.IntroductionBoth productivity and safety in underground mines could be improved if mine-heist rope Iife and reliability could be predicted more accurately . As a result, hoist-rope failure processes and their effects on rope life and remaining strength need to be quantified and related in such a way that improved retirement criteria can be developed. This is true whether the failure is incipient or actual or whether the failure mode is by corrosion , wear, fatigue or a combination of these factors."

Jan 1, 1984

By J. E. Danoczi

Shore Gold Inc. (Shore) is presently designing a diamond processing plant for the Star and the Orion South kimberlite deposits in the Fort à la Corne area kimberlite field in central Saskatchewan. The first step in the plant is diamond liberation and occurs in the comminution section. Diamond liberation is the process of breaking up the kimberlite rock, as ?gently? as possible since essential to the diamond liberation process is the minimization of diamond damage, particularly for the larger, high value diamonds. The Southern African diamond mines traditionally use Jaw and Gyratory crushers as their primary comminution method. However, these diamond mines generally process the harder, competent kimberlite that is located in the diatreme zone as well as the root zone of the volcanic pipe. Softer kimberlite is typically located in and around the crater area of a volcanic pipe and it is this source of kimberlite that makes up the majority of kimberlite for both the Star and Orion South deposits. These softer kimberlites can be readily broken up using abrasion and attrition imparted by AG mills, this being the preferred method of comminution for minimizing diamond damage.

Nov 1, 2011

By Robert B. Parsons

"Investors in flow-through shares are going to need an expanded road map to find their way through a growing maze of tax rules affecting such shares. At the end of 1985, no fewer than three new sets of important tax amendments were tabled which could have a significant effect on flow-through share issues. This proposed legislation is discussed this month in Tax Notes.IntroductionIn a flurry of legislative activity at the end of 1985, the federal government tabled legislation which includes the introduction of new rules which will have a notable effect on investors in flow-through shares and on companies that issue such shares.First, on November 26, 1985, Bill C-84, the legislation to implement most of the changes announced in the May budget, was introduced in Parliament. This legislation includes the rules for the $500,000 capital gains exemption, a matter of considerable interest to flow through share investors.Next, on December 2, 1985, the government tabled a Notice of Ways and Means Motion which would extend the time horizon for spending flow-through share funds to include the 60-day period following the calendar year. But all news was not good news. On December 4 the government released its proposals for a minimum personal income tax, which would include rules that would catch an investor's CEE expenses and capital gains."

Jan 1, 1986

By Y. Prevost, D. Verhelst

"A computer-assisted process control system for the Noranda Process Reactor Wa5 installed at the Home smelter in 1991. Operating as an advisory tool for the furnace operators, and using a flexible oxygen balance as the basic building block of the computer program, the new control system has helped to reduce the variability in the grade of the matte produced by 50% . The smelter is currently operating at a 72% copper matte, with a standard deviation of between 1.0 and 1.3, while treating a wide range of concentrates, secondary materials and scrap. Enhanced process control has allowed for longer reactor campaigns, and improved stability of the converting operation.This paper reviews the feed classification and blending practice used at the smelter, outlines the strategy of the new computer control system, and summarizes the benefits realized since the implementation of the system in early 1990.IntroductionUntil 1989 the Noranda Home smelter operated as a multi furnace smelter, at one time having three hot-charge reverberatory furnaces, and finally operating with one wet-charge reverberatory furnace and one Noranda Process Reactor. In 1989 the final reverberatory furnace was closed and the Reactor became the sole smelting vessel, treating around 750 000 tonnes of concentrate, secondary materials, and scrap per year. At the time of the start-up of theNoranda Reactor in 1973, the vessel was capable of treating 750tonnes per day of a heterogeneous mixture of copper concentrates, fluxes and secondary materials to produce copper in one operation. Through process improvements, and the introduction of additional oxygen in 1982(pannell and Mackey, 1988), the daily tonnage increased to 1800 tonnes by 1988. The operation had also been changed to produce a high-grade matte instead of copper. Figure1 illustrates the main features of the reactor, a cylindrical vessel which is charged at one end and tapped at the other. The matteis subsequently processed through Peirce-Smith converters and anode furnaces before being cast into copper anodes. Figure 2 outlines the progressive increase in the furnace smelting capacity. Over this period the percentage of secondary materials, and scrap feeds also increased to approximately 110 000 tonnes per year, or 15% of the total new feed input (Bedard et al., 1991). Now operating wholly as a custom feed operation, the Home smelter can treat over 2200tonnes per day of new metal-bearing material."

Jan 1, 1993

"The Pierre Beauchemin Mine attained commercial production in January 1989, and went on to produce 23 968 ounces of gold for the year, 3% higher than forecast. Underground development was accelerated to prepare the way for the production of an estimated 40 000 ounces in 1989.IntroductionThe Pierre Beauchemin Mine is located nine miles west of the city of Rouyn-Noranda (Fig. I).As a result of the amalgamation with Sullivan Mines in October 1987, the mine is now entirely owned by Cambior Inc.The Eldrich deposit was discovered in 1953and began production in 1955, closing in 1962 following the decrease in gold prices and the simultaneous decrease in silica content in the ore, which was sold to the Noranda smelter for flux. A total of 717 000 tons grading 0.14 oz Au/t were produced during this period.From July 1984 to October 1987, an underground exploration program was carried out by Sullivan on the Eldrich mining concession and the nearby Flavel property. The first phase of the program included reinstallation of surface facilities and dewatering of the Eldrich Mine. Following the completion of the first phase, extensive exploration was carried out, including a major program of diamond drilling. It was then decided to deepen the shaft to a depth of 1800 ft to access a new zone called the No.5 Zone .Following the amalgamation with Sullivan in October 1987, Cambior assumed the role of operator for the project, and continued the shaft deepening work that had already been started. A feasibility study was completed in April 1988 and the Cambior board of directors approved a production decision for the Eldrich-Flavel project.The preproduction program extended from May to December 1988 and was aimed at preparing the stopes in the upper part of the mine and at developing the mine infrastructure at the bottom of the mine.The mine was officially opened in August 1988. Cambior renamed the project the Pierre Beauchemin Mine in recognition of Pierre Beauchemin's pioneer-work."

Jan 1, 1990

By E. O. Reinbold, J. H. Johnson, D. E. Keski-Hynnila

A field laboratory for use in monitoring underground mine air quality has been developed and proven in underground service. The laboratory includes two separate monitoring systems and data analysis computer programs. One is the Mine Air Monitoring Laboratory (MAML). This is an enclosed trailer-mounted laboratory capable of monitoring CO2, CO, NO, NO2 particulate matter, S02, NH3, temperature and air velocity in the mine drift. The MAML can be up to 1000 feet away from the area being monitored. The second system is the vehicle data system, mounted on the load-haul-dump (LHD) vehicle, which monitors engine speed, engine fuel rack position, exhaust gas temperature, ambient temperature, vehicle speed, CO2 concentration near the operators' breathing zone and the mode of operation of the vehicle. The two computer data analysis programs and the two field instrument systems comprise a complete Mine Air Quality Laboratory (MAQL) for underground pollutant studies. Data from the systems have been used for studying vehicle duty cycles, ventilation systems, exhaust after-treatment devices, vehicle exhaust system design and portable instrumentation. Descriptions of the laboratory are presented along with a summary of some of the experiments performed. The capabilities of the lab are discussed, along with future potential uses.

Jan 1, 1981

By G. E. Norman, R. E. Michelutti

"One of the major objectives of Falconbridge has been and continues to be, to minimize the impact of its operations on the environment around its Sudbury operations.The approach to achieving this objective and the results, are discussed under the following topics .I . Sulphur Dioxide Emission Improvements.2. Effluent Treatment Improvements .3. Effect of the Envrionmental Improvements.Sulphur Dioxide Emission ImprovementsHistoryThe rejection of pyrrhotite in the concentrators is one method of reducing the amount of sulphur to the smelter and therefore the sulphur dioxide emissions. In the 1950s and 1960s, Falconbridge developed the capability to remove 54% of this pyrrhotite. Numerous attempts were made to increase this amount by treating the pyrrhotite for recovery of nickel and in some cases elemental sulphur. Processes tested and operated were: hydrometallurgical pilot plant, roast-leach commercial operation and nickel-iron refinery. None of these processes proved to be commerically successful for both technical and economic reasons. Falconbridge therefore redirected its efforts to reducing sulphur emissions by improving its smelting process under The Smelter Environmental Improvement Project. A major component of this project was the installation of a sulphuric acid plant to recover the S02 in the roaster off-gases."

Jan 1, 1984

By Matt Manson

Renard?1-10 kimberlite pipes and ?Lynx-Hibou?kimberlite dyke system within ?Foxtrot?property 50/50 JV with SOQUEM, Stornoway operator 2001: Discovery of the Renard kimberlite pipes 2003: Discovery of the Lynx-Hibou kimberlite dykes 2006-2007: Bulk sample program 2008: First 43-101 Resource and Preliminary Assessment 2009/2010: Updated 43-101 Resource

May 1, 2010

By B. Kenney

For SOFCs, composite cathodes comprising an electronically conducting electro¬catalyst (e.g. LSM) and an conically conducting electrolyte material (e.g. YSZ) are considered to improve the electrochemical performance by extending the active reaction zone to regions beyond the electrolyte-electrode interface, as in the case of conventional cathodes. Interpretation of experimental data for composite cathodes, however, is complicated by the mixed conducting behaviour which results in local overpotential distributions throughout the composite cathode. These local overpotentials depend on many factors, such as the composition, particle size, porosity and thickness of the cathode. Reliable experimental data obtained from composite cathodes requires carefully crafted microstructural parameters in order to minimize the overpotential variations. A mathematical model of a composite cathode was developed using coupled differential equations describing transport and consumption of chemical species, oxygen ion and electrons. Simulations under various oxygen concentrations were used to obtain the reaction order of the oxygen reduction reaction. An apparent po2 dependency was then extracted from the predicted Rp vs P02 data. It was found that this p02 dependency can be significantly influenced by the micro-structural parameters of a composite cathode, primarily due to local overpotential distributions.

Jan 1, 2005

By Bruce K. McKnight

"The new H-W orebody was evaluated by considering its production at three technically feasible rates. Capital and operating costs were estimated f or each rate and production sequences were established using mining cutoff limits generated by an ore value algorithm. The viability of the project was then examined by conducting economic and financial analyses of each of the three production cases under various world economic scenarios. These analyses employing standard profitability measures demonstrated all three cases would be economically viable; the production case which maximized the Net Present Value of the project was the one selected for development and production.IntroductionWestmin Resources Limited and its predecessor company, Western Mines Ltd., has been continuously carrying out mining operations near Myra Falls in Central Vancouver Island since December 1966. The mining operation, whose current production rate is approximately 830 tonnes / day (t/d), based on ore derived from the Myra and Lynx Mines, produces copper, lead and zinc concentrates which contain significant quantities of gold and silver in addition to the base metals.In the late 1970s, with Lynx and Myra ore reserves slipping to unacceptably low levels, a major increase in mine-site exploration was initiated, with outside geological staff brought in to complement the efforts of the mine's geological staff. By the end of 1979, this program had resulted in the discovery of a significant new orebody on a deeper horizon some 300 metres below the one which hosts the Lynx and Myra deposits. Throughout the period 1980-1982, major drilling was carried out to evaluate the new H-W deposit and by the end of 1982, drill-indicated mineral inventory for the deposit compared with Myra, Lynx and Price ore reserves was as shown in Table I. During this same three-year period, a major development and evaluation program was underway comprising environmental monitoring and control programs, shaft sinking test mining, bulk sampling and mill testing, rock mechanics studies and preparation of the Stage I and II reports for the multidisciplinary Environmental Land Use Committee (ELUC).As a result of the preliminary engineering work and exploration drilling, it became rapidly apparent that the H-W deposit could support a considerably higher production rate than the current one. Accordingly, engineering studies including scheduling of development and production as well as capital and operating cost estimates, were focused on three possible production rates: 1350, 1800 and 2700 t/d. Our task was to select the optimum one of these three rates."

Jan 1, 1987

By M. A. Upham

"Prairie Evaporites of the Province of Saskatchewan in a deep oil-well hole. Exploitation started in 1950 under a shroud of doubt that this huge reserve could be mined. It was fraught with almost insurmountable physical problems in penetrating the Prairie Evaporites. After 12 years of experimentation and development of new shaft-sinking methods, mining equipment and processes to treat the high-grade potash ore (sylvanite), a new era of high-risk resource development dawned in Saskatchewan.The development of 10 new mines opened up the largest known mineable potash reserves in the world and Canada became the second largest. producer of potash to supply domestic (U.S.A. and Canada) and overseas markets. A monumental program in marketing-devising new transportation systems and strategically locating warehouses-was developed in order to expeditiously service domestic and overseas customers. The year 1969/70 started a period of overcapacity and the problem of prorationing. As the market strengthened in 1974, the Saskatchewan Government applied the reserve tax to the industry. Then, they announced the setting up of a Crown corporation to acquire ownership by purchase of up to fifty per cent of the industry. During this time, potash was discovered in New Brunswick within 50 to 60 miles of a seaport, where two deposits have been explored by the same pioneers who started the potash development in Saskatchewan.With this background, the paper will examine various elements of the economics and marketing of Canadian potash."

Jan 1, 1980

By W. G. Brown

"Review of prototype testing of two types of three-phase, argon stabilized reactor/furnace indicates specialized advantages for both, as compared with existing metallurgical furnace technology. They are: the direct-arc, plasma-torch furnace (Knipp); and the indirect, plasma extended-arc reactor (PEAR), developed at the University of Toronto.IntroductionA unique type of three-phase AC, plasma extended-arc reactor, (PEAR), shown in Figure la with gravity feed, has been undergoing development at the University of Toronto, during the past fifteen years: argon gas, introduced axially through drilled-holes in ordinary graphite electrodes, increases the length of indirect arcing and improves electrical stability while decreasing electrode consumption as compared with the performance of AC electric arc furnaces (EAF 's). Meanwhile and independently, a three-phase, transferred arc plasma furnace (Fig. 1b) has been developed by the Krupp Research Institute in Germany, using argon-stabilized, water- cooled plasma-torches with thoriated tungsten electrodes.Accordingly, the two types of furnace are similar as to both three phase and stabilized operation, but otherwise they differ in several respects, ranging from indirect versus direct-arcing to principal intended application and current state of practical development. Between them they raise questions: (I) of their present or fore seeable economics in comparison with existing processes they are intended to replace , (see Heinke and Neuschutz, 1986, for a review of the merit s of AC and DC plasma-torch furnaces); and (2) of the state of development and accessibility of their plasma theory-in-common."

Jan 1, 1991

By Robert W. Plummer

"This paper describes the use of Geographic Information Systems (GIS) as a tool for mineral exploration by using the Eskay Creek area of northern British Columbia as an example. Data entry, analysis and output are discussed. Examples of some of the capabilities of the technology are presented.The main benefit of the technology is being able to perform complex and sophisticated searches of large and diverse data sets to highlight exploration targets. A GIS is a powerful data management tool that can be used in mineral exploration. It is a computer based system that is designed for the collection, storage and analysis of objects and phenomena where geographic location is an important characteristic. The main function of the GIS is to produce information for the geologist from a variety of sources (geology, geophysics, geochemistry, mineral deposits and so forth) quickly and efficiently. This allows the geologist to examine large amounts of data in a fraction of the time than can be done using conventional manual methods."

Jan 1, 1992

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

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

Jan 1, 1982

By Donald Roberts

"Parameters f or design and development of an emergency hoist system (Fig. I) were submitted to Timberland Equipment Limited of Woodstock, Ontario by the Potash Corporation of Saskatchewan Mining Limited.The unit is the first of its kind in Canada. Not only does it comply with the province of Saskatchewan's mining regulations, but has the added advantage of being completely mobile and self-contained.As well as being useful in the mining industry, the mobile hoist unit could be used in other emergency situations such as rescuing people trapped in wells.JustificationRevisions to the Mines Regulations under Section 13 of the Occupational Health and Safety Act, 1977, of the Province of Saskatchewan stipulate as follows:"" Section 410 .04(4) The Mine Employer shall make adequate provision at every mine where any worker is hoisted in a shaft not equipped with a manway to enable an y such worker trapped in a conveyance in the shaft to be rescued . "" It was not possible to equip the shafts at PCS Mining' s Divisions with "" manways"" and therefore an alternative was required.BackgroundThe Potash Corporation of Saskatchewan Mining Limited, a subsidiary of the Potash Corporation of Saskatchewan, operates four potash mines. Of these, three, Cory, Rocanville and Lanigan Divisions are wholly owned while the fourth, Allan Division, is 40% owned by Kidd Creek Mines Ltd., but managed by PCS Mining. The four underground operations all have a service and production shaft.From 1979 to 1981 the PCS Mining Division, along with Central Canada Potash, were developing an idea to use the existing ground-mounted timberland hoist at Lanigan as an emergency hoist. This hoist was used in the past for rope-up work at both Rocanville and Lanigan and other potash mine s. The Department of Labour at this time had concerns about the time it would take to load, t ran sport and re-install the hoist on a foundation when needed for an emergency. Weight and size made this particular unit very cumbersome for transporting.In addition, the speed at which this hoist operates is too slow for rescue work. When the Department of Labour expressed concern that this unit would be unsuitable for these rea sons, a search for a suitable unit was initiated.The project responsibility for procuring an emergency hoist for the Potash Corporation of Saskatchewan Mining Limited was assigned to the author, a shaft/ hoist specialist a t PCS Mining."

Jan 1, 1986

By A. L. Mular

"IntroductionSince the mid -1960s, automatic control of grinding circuits has become the rule, to avoid losses attributable to frequent circuit upsets associated with uncontrolled disturbances such as ore hardness variations. Higher capital costs of grinding equipment and corresponding operating costs-especially with respect to energy consumption-are major factors that continue to stimulate interest in grinding control.Grinding circuit control strategies depend upon the control objectives defined by the processing plant and are subject to constraints such as: maintain final per cent solids within some range, do not transport steel ball s out of the discharge trunnion, or do not overflow or empty the pump box and so on. Constraints depend on the nature of equipment employed within the grinding circuit and may actually determine the characteristics of the control scheme. Typical control objectives are:1. Maintain final particle size at set point by ,a. manipulation of fresh feed rate with circulating load maintained by manipulation of pump box water addition rate, orb. manipulation of pump box water addition rate with circulating load maintained by manipulation of fresh feed rate, where the methodology utilized to accomplish either (a) or (b) is dependent upon equipment/circuit constraints such as the availability of a variable speed pump.2. Maintain circuit throughput at a maximum by,a. manipulation of fresh feed rate subject to constraints on final particle size and variables such as power draw, circulating load and mill overload.3. Maintain mill load at set point by a. manipulation of fresh feed rate subject to constraints such as on power draw.4. Maintain mill power draw at set point bya . manipulation of fresh feed rate subject to mill load constraints. Often, a grinding control objective is dictated by the recovery vs fineness-of-grind characteristic that exists for downstream separation circuits. When recovery is relatively insensitive to size, maximum throughput in the grinding circuit is advantageous.The purpose of this paper is to review control strategies for primary ball mill grinding circuits, rod mill/ball mill grinding circuits and semi-autogenous grinding mill circuits. Primary sensors employed are highlighted and modern trends are documented briefly."

Jan 1, 1989

By R. Drozd

"The Bullmoose Mine is currently under construction in the North East Coal area of British Columbia, and approximately $300 million will be spent to bring this 2.3 million-tonnes-per-year metallurgical and thermal coal mine into production by December 1, 1983.The project is an unincorporated joint venture undertaking, with Teck-Bullmoose Coal Inc., a wholly-owned subsidiary of Teck Corporation, holding 51%, Lornex Mining Corporation holding 39%, and Nissho-Iwai (Canada) Ltd. holding 10%. Bullmoose Operating Corporation will be the manager and operator of the project.This paper will broadly cover the history and exploration work on the property, the geology, open-pit mining plans and equipment, the preparation plant flowsheet from breaker station to clean coal silo, the 35 km highway truck haul, the railroad loadout system, manpower requirements, construction progress, approvals and permits, and general financial arrangements.IntroductionThe Bullmoose Mine Project"" is located about 87 road kilometres south of Chetwynd, B.C. and consists of an open-pit coal mine, a plant facility in the Bullmoose Creek valley below the mine, and a separate rail loadout facility on the British Columbia Railway Branchline near the new town of Tumbler Ridge some 35 road km to the east.The plant will be capable of producing a total of 2.3 million tonnes per year (mty) of washed metallurgical and thermal coal. Long-term metallurgical coal contracts for high quality, medium volatile, bituminous coal have been signed with nine Japanese buyers for 1.7 mty, and the balance of 0.6 mty will be thermal coal production.Plant construction began in the spring of 1982, and in May 1983, preproduction waste and overburden removal in the mine will commence. The plant should be fully operational by December 1983, and first vessel loading at the Ridley Island port is scheduled for January 1984."

Jan 1, 1983

By William E. Roscoe

"Non-producing mineral properties include those at various stages of exploration, properties at the pre-feasibility or feasibility stage, properties with currently uneconomic mineral resources, and past-producers. The market approach is applicable to all these types of non-producing mineral properties. Income approach methods such as discounted cash flow and option pricing are generally not applicable to properties at the exploration stage, but may be applicable to non-producing mineral properties with defined mineral reserves or mineral resources.The value of a non-producing mineral property depends on its perceived potential for the existence and discovery of an economic mineral deposit. The potential, in turn, depends on a number of factors which must be considered when choosing market comparables. These comparability factors include such items as geology, mineralization, stage of exploration and results, mineral resources, location and geography, and political jurisdiction. The date of the market comparables must be within a reasonable time period of the valuation date of the subject property. Although it is difficult to find good market comparables because of the unique nature of mineral properties and the small number of transactions, these difficulties are compensated for by analyzing a number of transactions on similar properties to develop a range of values for the subject property.For valuation purposes, market comparables can be expressed in terms of total property value, value per unit area (e.g., $ per hectare), or value per unit of metal contained in mineral resources (e.g., $ per ounce of gold, or $ per pound of copper). The market comparable value can be used to estimate the value of the subject property by using the total property value, unit area value or contained metal value."

Jan 1, 2003