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An Attractive Investment ?Near term low cost and secure PGM producer ?restricted supply legislated demand ?strong pipeline of resource development ?Building Canada?s largest undeveloped PGM-Cu resource ?All work (resource, reserves, DFS, EA) is NI43-101 compliant ?Strong balance sheet: over $8 m in cash with no debt

May 1, 2010

By Gordon Sparks, Lyle Kajner

"An often over-looked component in the assessed value of a mining property is the value derived from the ability of the operator to limit financial losses during adverse economic times (i.e. low market price, high energy prices, etc.) by suspending operations. Overlooking the value of this type of operating flexibility when conducting mine investment analysis may negatively bias the risk profile for the investment by over estimating the investment's downside potential, thereby effectively undervaluing the investment. This paper illustrates the nature of the value of operating flexibility and discusses how it may be explicitly quantified within the context of conducting stochastic mine investment analysis. IntroductionMining properties are evaluated using an array of techniques ranging from simplistic non-discounted payback calculation s to sophisticated, discounted-stochastic simulation. Stochastic simulation analysis is perhaps the most robust mine investment analysis technique as it not only provides an estimate of the expected value of the property, but also quantifies the associated risks (for examples of stochastic mine investment analysis, see: Billingsley and Yaychuk, 1986; Gentry and O'Neil, 1984; Munro, 1977; or Harris, 1970).The quantification of risk is important as it provides the necessary yardstick required to allocate the corporation's resources efficiently. Resources are said to be allocated efficiently when the corporation's expected long-term financial reward is maximized while at the same time minimizing its risk (see Hertz, 1968; or Markowitz, 1952 for in depth discussions on efficiency as it relates to investment policy). The efficient allocation of resources should be the objective of any rational corporation. Therefore, rational corporations should employ stochastic evaluation techniques when screening their investments."

Jan 1, 1992

By K. Woo

"With ever-increasing global demand for mineral resources, mining companies are considering developing deeper, more complex and lower grade ore bodies. Recent years have seen the transition from surface to underground mass mining operations to access deeper resources, with mass mining methods such as block and panel caving being favoured due to the tonnages and economics achievable when dealing with lower grade ore. However, the rock engineering interactions involved with such plans are complex and challenging given the significant disturbance caused to the surface environment. If not properly accounted for, the unexpected propagation of a cave breaking through to surface or the differential surface displacements otherwise produced may threaten the safety and integrity of overlying mine and civil infrastructure.This paper reports the findings of a comprehensive research programme focussed on investigating and integrating new developments in remote sensing characterization and monitoring technologies with state-of-the-art numerical modelling to better manage the challenges and geo-risk associated with the transitioning from open pit to underground mass mining. Procedures were developed to integrate discrete fracture networks (DFN) into finite-element/discrete-element analyses to simulate the influence of rock mass fabric on cave propagation and the evolution of caving-induced surface subsidence and step-path failure of large open pit slopes through the progressive failure of rock bridges. The results clearly showed that caving-induced surface deformations tend to be discontinuous and asymmetric due to large movements around the cave controlled by geologic structures, rock mass heterogeneity and topographic effects. Although parallel investigations of empirical design charts used to predict caving-induced deformations were found to be moderately sufficient for assessing the extent of macro deformations directly above the undercut (i.e. caving collapse features), numerical modelling was found to provide the only means to confidently estimate the lateral extent of smaller strain subsidence.These results were further supported by the use of high-resolution synthetic aperture radar (SAR) data to monitor the ground deformations associated with block caving production, and to use these to calibrate and constrain a series of predictive 3-D numerical models focussed on Rio Tinto's Palabora mine in South Africa. The InSAR data was obtained from Canada’s recently launched RADARSAT-2. The close fit achieved between the predictive 3-D numerical model and InSAR monitoring data demonstrates the significant value of InSAR calibrated 3-D numerical models applied to subsidence prediction.Collectively, the results from this research programme have helped to further the characterization, assessment and understanding of mass mining-induced subsidence, and its evolution, by addressing existing limitations in the use of empirical and numerical design methods. The limitations and uncertainty arising from mine site data were detailed, specifically the representation of mine geology, rock mass properties, in-situ stresses and cave propagation, together with means to constrain these inputs and calibrate sophisticated 3-D numerical models through back analysis and integration with high resolution monitoring data."

Jan 1, 2015

By Zhiye Zhao, Jianping Sun, Zhipeng Xu

"The subsea rock cavern project is an underground storage facility. For cost-effective and safe excavation, the risk caused by the groundwater seepage into the rock cavern must be addressed. As one of the essential steps of the assessment work, the hydraulic conductivities of the fractured rock masses should be reliably determined based on the limited measured data and geological information from the few boreholes. On the basis of site investigation data and monitored water flow and water pressure data during excavation, this paper presents an estimation method for hydraulic conductivities of the rock masses containing water bearing zones.INTRODUCTIONIn the development of underground rock caverns/tunnels, the uncertainty of hydro-geological conditions plays a critical role in terms of construction cost and construction safety. Excessive groundwater seepage has been identified as one of the key safety factors which always lead to vast loss, such as the Seikan Tunnel in Japan which encountered sudden water inflow and then catastrophic face collapsing, tunnel flood during excavation (Xu et al., 2013). As a key factor in the risk management associated with the groundwater leakage into rock cavern, the hydraulic conductivity determination is very important for cost estimation, reliable water control and construction management.The case presented in this paper is an underground project consisted of a cluster of rock caverns/tunnels for storage of hydrocarbon products. These caverns are located in heterogeneous sedimentary bedrock, at a depth of 130 m beneath a basin, and the crowns of caverns are located at about 100 m below the sea bottom. The caverns/tunnels are designed at two levels, the water curtain tunnels are at the upper level, and oil storage caverns are at the lower level, as shown in Figure 1. A number of horizontal and vertical water injection holes drilled from the upper water curtain gallery tunnel will establish continuous horizontal and vertical water curtains for providing a stable pressure distribution around the caverns, to keep oil/gas inside the lower storage caverns. As the hydrostatic pressure of groundwater around the storage caverns is higher than the pressure of stored oil and gas, the stored oil and gas will not leak out of the cavern (Lu, 2010; Xu et al., 2015). Groundwater pressure gauges are installed in the water curtain gallery tunnels, and water from the operational and access tunnels is injected continuously into the curtains to maintain the pressure. Some monitoring data are recorded at different construction stages. This paper proposes suitable methods to predict the hydraulic conductivity in rock mass and to determine the hydraulic conductivity in the water bearing zones."

Jan 1, 2015

By R. Q. Honaker

A significant problem in ultrafine particle classification is the significant amount of submicron particle by-pass to the coarse particle stream. In classifying cyclones, submicron particle by-pass to the underflow stream can be reduced by decreasing water recovery. Past studies have shown that a reduction can be realized when the feed solids concentration is increased or the apex diameter is reduced. However, both adjustments tend to increase the particle size cut point and negatively affect classification efficiency due to the impact on slurry rheology. The addition of a viscosity modifier to the feed stream of a classifying cyclone improved the classification performance and decreased the particle size cut point over a range of feed solids concentrations. The detailed test program investigated the use of the modifier in conjunction with varying apex diameters to identify conditions that minimize ultrafine by-pass. With small apex sizes, roping conditions were readily eliminated by the addition of viscosity modifiers. The addition of the modifier had no deleterious effect on froth flotation performance, which commonly serves as a downstream separation process. The fundamental and practical benefits of viscosity modifiers in classification processes are discussed in this publication.

Jan 1, 2006

By G. R. Guillet

"Bricks made from local Paleozoic shales, and floor and wall tiles made from imported clays, both established record production volumes in 1985 and are the strongest segments of Ontario's clay products industries. However, renewed interest in traditional materials also supports a good market for clay flower pots and flu e liners, and innovative processing studies are showing promise for possible new production of clay roofing tiles. This paper reviews the highlights of a comprehensive study of Ontario's clay products industries, completed in 1986. IntroductionFor some years now, Ontario's clay products industries have been unspectacular in their attempt to cope with the recent recession and the impact of alternative materials. But a strong demand for bricks in recent years has done much to dispel the gloom. Bricks, drainage tiles, sewer pipes, flue liners, structural and partition tiles, and flower pots have been commonly referred to as ""heavy"" clay products, and they have been based largely on local clays and shales. To this list might be added expanded aggregate and mineral wool. Clay refractories, sanitary ware, electrical porcelain, art pottery, and floor and wall tiles are not considered heavy clay products, and are commonly made from a variety of ceramic materials, many of which are imported.Production facilities for heavy clay products often began in Ontario as small family enterprises, using whatever clay was available locally to supply the local market with building bricks and other clay products needed for construction. Improved road systems increased the market range for these plant s, and new technology and industry standards resulted in gradual upgrading and consolidation of them as traced in Table I"

Jan 1, 1988

By P. Au, P. Patnaik, H. Saari, D. Y. Seo, S. Bulmer

Ti-48Al-2Cr-2Nb-xW (where x = 0, 0.5, and 1 at. %) powders were consolidated by hot isostatic pressing (HIP). The consolidated samples were solution heat treated above the a-transus followed by stepped cooling to room temperature. Selected samples were subsequently aged at 950 °C for up to 72 hours. The post-heat treatment microstructure was examined by optical and electron microscopy. It was found that increasing holding time above the a-transus generated a more homogenous microstructure. Utilizing the stepped cooling sequence, especially with a transition temperature of 1270 °C, massively transformed gamma (Ym) was diminished. Aging caused coarsening of the fully lamellar microstructure in the 0%W and 0.5%W samples while almost no coarsening occurred in the 1 % W sample. Precipitates began to form during aging in samples containing W. The precipitates at the lamellar interfaces are fine and have a needle like shape, while precipitates at the lamellar grain boundaries are coarse and circular in shape. The size and number of the precipitates depend on aging time and the level ofW content.

Jan 1, 2006

By H. M. Giegerich

"INTRODUCTIONThe Red Dog Project in Alaska is being developed by Cominco Alaska, a subsidiary of Corninco Ltd. of Canada, and the Nana Regional Corporation, one of the 12 native corporations created by the Alaska Native Claims Settlement Act of1971.The State of Alaska is also a very key part of the project through its financing of the transportation system for Red Dog. Red Dog will be the third, and largest, of Cominco's Arctic mining developments in the past thirteen years, after the Black Angel Mine in Greenland, which started up in 1973, and the Polaris Mine in the Canadian Arctic, which began production six years ago in 1982.Red Dog is one of the world's great mineral deposits, with a unique combination of large size, high-grade, and a waste-to- ore ratio less than I: I, which will make it the world's largest, and one of the lowest cost zinc producers, when at full production. The present mineral reserve is estimated to be 85 million tons , at a grade of 17.1010 zinc, 5% lead, and 2.4 ounces per ton of silver. Based on the current production forecast, this will give a mine life of almost 50 years, and the deposit is still open in two directions, although the structure is becoming thinner at depth. As well, there is a satellite zone about one mile south of the main deposit which could contain up to another 8 million tons of mineral at Red Dog grades or better. This is not presently included in the reserve due to potential processing difficulties.In relation to other zinc deposits, Red Dog is the second largest ever discovered, smaller than the original Broken Hill deposit in Australia, but larger than Cominco's own Sullivan Mine in British Columbia, which is number three. It is quite possible that, when the area is adequately explored, Red Dog will be number one."

Jan 1, 1989

By L. A. Melis, A. R. Marchbank, S. A. Webster

"Certain northern Saskatchewan uranium ores have a high content of nickel and cobalt which offer the potential for recovery as a by-product to uranium. A nickel/cobalt recovery process has been developed as a viable method of recovering a marketable concentrate from typical uranium raffinate solution.Impurities are first removed from the raffinate and the pure solution is then treated with sodium carbonate to recover a bulk nickel/cobalt carbonate precipitate for sale to a primary nickel producer. All contaminants of concern are removed to very low levels and the product is free of radioactive contamination with gamma emissions significantly below natural background. Cost estimates have shown that installation of a nickel/cobalt recovery circuit within a uranium process plant is economically feasible.The testwork that led up to the selected process is described along with recommendations for further investigations such as additional testing of hydroxide precipitation as a possible viable alternative to carbonate. The selected process is described and project economics are briefly reviewed.PROCESS TEST PROGRAMBackgroundExtensive metallurgical research has been performed over the years to develop a process for recovering uranium from the Midwest deposit in northern Saskatchewan. During the course of this research, a certain amount of information became available which suggested that recovery of nickel and cobalt from uranium raffinate could be economically feasible. It was decided to undertake a test program which would investigate methods of separating nickel and cobalt from radioactive and other metal contamination to permit production of a saleable product.Available technology suggested that three general approaches could be taken to recover nickel and cobalt. The first and simplest approach would be to selectively precipitate the impurities of concern, primarily arsenic, iron and radium, and then recover a bulk concentrate from the purified raffinate. The second approach would be to purify the raffinate and then remove cobalt from solution by solvent extraction producing pure nickel and cobalt solutions for further treatment. The third approach would be to precipitate all metals from solution and then selectively re-dissolve nickel and cobalt in ammoniac solution which would be further treated by solvent extraction for nickel recovery, leaving cobalt for further treatment."

Jan 1, 1993

By G. R. Heffernan

"In the early 1970ssteelmakers worldwide were looking forward to many years of expansion and profitability. Huge government investments in Europe, the United Kingdom, Japan, Brazil, and Venezuela were committed in anticipation of growing market s based on long-term OECD forecasts. In 1973 the first OPEC oil shock occurred. Steel demand shrank. Restructuring became the buzz word of the day as billions of dollars in taxpayers' money was poured into eliminating excess capacity and labour. In the United States, where government help was not available, inefficient companies went bankrupt; capacity was cut to 100 million tons from 155 million tons. The industry throughout the industrialized world shrank. By 1979the world economy seemed back on track and a modest degree of optimism could be detected in the international steel fraternity. Then came the second oil shock. By 1982 the industry was in the midst of another shakeout. More bankruptcies, more rationalization, and fewer jobs resulted. In Canada some well-known companies came close to the brink as low prices and high interest rates took their toll. In the light of the turmoil in the steel market over the past 20 years an attempt to forecast the trends through to 2001 is intimidating.However, there are good reasons to be optimistic today about both markets and technology.An economic super power is emerging in western Europe as 1992 draws near. The creation of a single market of 320 million well educated and economically ambitious people has major positive implications for steel demand. The mega projects of the channel tunnel, a European network of high speed railways, and the London docklands are the forerunners of greater things. Still to come is another $200 to $300 billion by the year 2001 in identifiable major projects for highways, railways, airports, water and sewage systems. Add to that the demands of an increasingly affluent population for automobiles, appliances and housing. On top of all that place large increasing demands for electric power and you have a potential beyond anything seen during the 1970s and 1980s. In 1988 the EEC steel industry operated at 90% and in 1989 at 92% of effective capacity. A surge in spot prices indicated that 92% was close to the ceiling. This pace moderated in early 1990 but any slack will probably be taken up rather quickly."

Jan 1, 1990

By Robert B. Parsons

"1984 was an eventful year in the courthouse f or observers 0/ the mining tax scene in Canada. For the first time in a number of years, the Federal Court heard several important tax cases which pertain directly to the resource industries. Tax Notes discusses/our cases that could affect the taxation 0/ operations and investment in the mining sector.Capital Gain or Income?Ever since tax reform, risk-takers in the exploration business have maintained that the taxation of capital gain s is a significant impediment to raising risk capital. It must be akin to rubbing salt in the wound, then, when an entrepreneur sells shares and the Court upholds Revenue Ca nada taxing the gain as ordinary income instead of capital gain. But, this is precisely what happened in the case of The Estate of Murray Watts, et al. v. The Queen.The issue that had to be decided by the Federal Court, Tri al Division, in this case was whether or not the profit from the sale of shares in Hearne Coppermine Exploration s Limited in 1968 was a capital gain, or income subject to tax.Hearne was incorporated in July, 1967. At that time, the three plaintiff s, together with seven other individuals, subscribed for 400,000 shares at 10 a share. The plaintiff subsequently subscribed for an additional 500,000 shares at $1.A pooling agreement was entered into by all ten shareholders regulating the disposition of any o f their shares; any sale required approval of seven of the ten initial sub scribers. It also provided for the sale of their shares 30 days after any public offering."

Jan 1, 1985

By D. Lessard, S. Nantel

"Surface crown pillars are important Canadian,mining structures. Mines operating in the Canadian Shield usually have several, forming a first line of protection from surface elements.Detailed technical information from twenty-four Canadian hard rock mines show that the deposits dip steeply and are generally either single or multiple veins. Considerable overburden usually cap the deposits. The rock mass is often altered and intersected by important discontinuities.The designs for these types of pillars lack basic data and are based on experience rather than a scientific approach. Regardless of the competence of the rock mass, the surface crown-pillar thickness to width ratios (an unscientific design tool used by the industry) are usually less than five. Rock bolting is, in almost every case, used as a support measure. However, there are many openings neither backfilled nor monitored.The characteristics of openings with surface crown pillars are also examined."

Jan 1, 1988

By S. Wood

"Plastic Filled Valley (PFV) wire rope represents a significant development over the design of conventional wire rope. A sealing thermoplastic is impregnated under controlled conditions of temperature and pressure into a conventional lubricated wire rope to produce a lattice of plastic which surrounds and separates the strands from each other and from the core. Metal-to-metal contact is thereby alleviated and the lubricant is sealed in. The wear resistance, rope breaking load, fatigue resistance and crushing resistance are all increased. The result is a rope which offers exceptional service life.Laboratory tests carried out in Canada and at the University of Stuttgart, in West Germany, confirm the increase in fatigue life. The field trials conducted so far have indicated that the results obtained in the laboratory can be duplicated in the field.IntroductionIn times of double -digit inflation, the consideration given to operating costs throughout industry commands considerable attention. The same can be said of the mining industry. A set of large-diameter wire ropes used on the huge draglines in strip mining can cost in excess of $100,000. Because a machine may use three sets of rope s each year, it is clear that the costs of wire rope can contribute a considerable percentage to any operating budget. As wire rope is a product which is used extensively throughout the mining industry, it would appear timely to turn our attention to any ""Method of Extending Wire Rope Service Life"" in order that wire rope life can be optimized and wire rope costs can be minimized."

Jan 1, 1982

By F. P. Yungwirth

"IntroductionTrout Lake Mine is located about 5 km north of the Hudson Bay Mining and Smelting Co., Limited complex at Flin Flon, Manitoba. The mine was brought into production in 1982at the onset of a severe recession in the base metal market. The mine is operated as a joint venture with HBM&S, MMR and SMS.During the first several months of operation it became evident that there were opportunities to reduce costs at the mine significantly, and a productivity improvement subcommittee was formed to make recommendations. The first committee met in January, 1983 and consisted of the mine manager from Hudson Bay Mining, a geological expert and a maintenance expert from Outokumpu Oy, Finland, and a mine manager from Granges, Sweden.Recommendations from this committee were implemented during 1983 and a new subcommittee was constituted in 1984 to continue the work begun the previous year. The committee remains as constituted in 1984 and meets quarterly.The committee consists of M.A . Kirby , manager - Flin Flon Mines, HBM&S; Gustav Hoberstorfer of Mindelco , a Swedish mining consultant retained by Granges; Eero Laatio, mine superintendent of Keretti Mine at Outokumpu Oy in Finland; and Bob Bray, a mining consultant retained by Manitoba Mineral Resources.Many productivity improvements made in the operation are attributed to the work of this committee and other experts retained at various times throughout the mine life."

Jan 1, 1988

By G. Swan

"The selection of material comprising a backfill is, of economic necessity, site dependent. Nevertheless, given the existing range of typical components-coarse waste, alluvial sand, tailings a balanced or optimal choice is no straightforward matter. A new design approach toward deciding what constitutes an optimum combination of backfill material promises to be useful. In particular a 'binder ' number, based on the mean distance between aggregate particles, specific surface and cement content, is proposed. Using this number, related empirically to compressive strength, the expected mechanical performance of any cemented fill can be predicted.IntroductionOver the years a considerable volume of information has accumulated on mine backfill material design. The principal aggregate component has been deslimed mill tailings, though more recently admixtures of rock waste, sand and tailings are quite common. For these materials uniaxial compressive strength and percolation rate properties are known to be controlled by, among other things, aggregate grading. While empirical formulae exist for relating grading to percolation rates, considerable uncertainty exists concerning strength development."

Jan 1, 1985

By J. -M. Bosgiraud, G. Armand, S. Dewonck, L. Richard-Panot

"The Meuse/Haute-Marne Underground Research Laboratory (URL) is located on the eastern boundary of the Paris Basin. The URL started to be built in 2000 (shaft sinking operations) in the framework of ANDRA’s (French national radioactive waste management agency) research program aimed at determining the feasibility of a reversible deep geological disposal of high-level and intermediate-level long-lived radioactive waste (HLW, IL-LLW). Its underground drifts are used to study the Callovo- Oxfordian claystone layer between 420 m and 550 m in depth.The ongoing research program (started in 2006) following the “Technology Readiness Level” (TRL) Scale is more dedicated to technologies improvement and demonstration issue of the different disposal components, even if characterization and monitoring studies are still ongoing.In rock mechanics, at the main level of the URL (located at 490 m), construction and evolution of disposal cells of different size are studied for HLW and IL-LLW packages. A step by step approach, started in 2006, is carried out based on comparison of HM behavior of parallel drifts excavated/supported by different construction methods. These various configurations give insight of the influence of construction method on the EDZ extent and evolution and on the progressive loading of the support, which are key issues to design the Cigéo disposal drifts and excavations.The concept of disposal cells studied for HLW consists in horizontal steel lined micro-tunnels 80 m long and 70 cm in diameter. Several campaigns of tests have been carried out since 2009 in order to demonstrate the feasibility of excavating such micro-tunnels and study their behavior under different conditions (with and without back filling the annular gap between the rock and the casing, watertight or not casing). A full scale demonstrator representative of the benchmark concept has also been excavated, to study its behaviour under thermal loading with heat produced by electrical heaters."

Jan 1, 2015

By William Petruk

Image analysis studies were performed on mill products from pilot-plant and laboratory tests that had been conducted to determine the effect of grinding media on the selective flotation of two zinc-lead-copper ores. It was found that, when the ores had been ground to the same degree of fineness with flint pebbles, ceramic pebbles or ore fragments (autogenous grinding) as with steel balls, there generally was increased sphalerite, chalcopyrite and galena liberation in the flotation feeds, depending on the textures of the minerals. The increased sphalerite liberation fully accounted for the improved zinc recoveries that were obtained when steel balls were replaced by either pebbles or ore fragments. The increased chalcopyrite and galena liberation accounted for part of the changed technical efficiency of concentration, but other factors, probably changes in oxidation and reduction of iron and in consumption of oxygen, also contributed.

Jan 1, 1977

By H. R. Butler

"The Ontario Division of Inca Metals Company, a Unit of Inca Limited, operates eleven mines, four mills, three refineries, one smelter and one iron ore recovery plant. All but one mine, mill and refinery are located within a fifty kilometer radius of Sudbury, Ontario. A mine-mill complex is located some 100 kilometers west of Thunder Bay on the shore of Lake Shebandowan and a nickel refinery at Port Colborne.During the past 10 years the use of recycled water in our milling operations has increased to more than 95% at each mill. This high degree of water reuse has reduced the (a) need for fresh water and (b) the contaminant level of the downstream aquatic environment. The aggregating of effluents in a common receptor provides a process water having a consistent quality thereby minimizing upsets in mill metallurgy while concurrently improving the operating economies and the downstream aquatic environment."

Jan 1, 1980

By K. M. Tait, M. M. McDonald

"An overview of the status of the development and application of Integrated Gasification Combined Cycle (IOCC) power generation is presented. Current projects in North America, Europe and Japan are described, together with the status of plans to apply the technology in Canada. A brief review of the technology is presented, including promising coproduction cycles and hybrid gasification fluid bed processes. The ability of the process to be modified for CO2 to be extracted for enhanced oil recovery or disposal is addressed. The environmental impact of IGCC technology is compared to those of other power generation technologies IntroductionDefinition and HistoryIntegrated Gasification Combined Cycle (IGCC) technology is a concept which has been around for about 50 years but has been generating increasing interest in the last 10 to 15 years. This paper focusses on coal as the feedstock for gasification. Other feedstocks used in gasification systems have included oil, biomass, tires and petroleum coke. IGCC technology integrates coal gasification with generation of electricity by means of a combined cycle system which fires the produced gas in the gas turbine. Figure 1 shows the basic components of an IGCC system which are the gasifier, the gas cleanup system and sulphur recovery plant, the gas turbine/generator set, the heat recovery steam generator (HRSG) and the steam turbine/generator set. The benefits of an IGCC system over a conventional Rankine Cycle pulverized coal (RCPC) fired system for the generation of electricity from coal are that the IGCC system has potential to have higher efficiency and lower emissions of NO., SO and CO2 per unit of power produced than the corresponding RCPC system."

Jan 1, 1994

By G. W. Davies

"IntroductionThe development of British Columbia's northeast coal deposits, represents the single biggest industrial undertaking in British Columbia's history.As a result of this development, several thousand jobs were created, hundreds of millions of dollars in new tax revenue and billions of dollars in new foreign exchange began flowing into Canada.The Northeast Coal Development began in 1981 with the signing of sales contracts to ship a total of 6.5 million tonnes of metallurgical and additional quantities of thermal coal annually to Japan over a 15-year period. The current long-term agreements contain provisions for extension to 20 years.The sales contracts with a group of Japanese steel mills were signed by two Vancouver-based mining companies, Quintette Coal Limited and Teck Corporation. The agreements followed years of exploration and negotiation beginning in 1968.The first shipment of coal from Quintette and Teck's Bullrnoose Mine was transported by BC Rail and Canadian National Railways to the Ridley Island coal port in the fall of 1983."

Jan 1, 1992