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By Lionel C. Kilburn

"This geological engineering method is based on jour main characteristics of mineral properties, viz; location: inclusion of valuable mineralization; inclusion of geophysical and/or geochemical targets; and inclusion of geological targets. These are subdivided into a total of 19 subcategories, which are used to determine the value of the property.The nineteen subcategories are prioritized and assigned relative value factors from 1.3 to 10. Value of each mineral claim unit is determined by applying the appropriate subcategory factors to a base value of $400per 16.2 hectare unit. Property value is calculated by totalling the values of such individual claim-units.The boundary between ore grade and sub-ore grade must be estimated for each property under valuation, thereby making the method sensitive to mineral commodity prices.A clear and disciplined sequence of decisions based on personal experience forms the basis of this method. The method utilizes all factors normally used to value a mineral property.IntroductionIt is generally accepted in the exploration industry that valuation of exploration properties is a subjective rather than objective process (Roscoe, 1986; Lawrence, 1988; Lawrence, 1989; Woodcock, 1985), and that it is greatly influenced by the experience and qualifications of the person who is doing the valuation. However, the significantly low degree of objectivity in mineral property valuation at this point in time invites effort to achieve a more quantitative engineering basis.Value of a mineral property depends basically upon metal prices, recoverable grades, mining and metallurgical practices, commodity supply and demand , and political-economic conditions, all of which vary with time. Therefore, any valuation is valid for only that point in time when it is made. Mineral deposits can decrease as well as increase in technical value with time."

Jan 1, 1990

By T. Yalcin

"This paper describes the development of a process flowsheet designed to provide high dewatering rates and to bring about savings in tailing disposal costs. The flowsheet comprises a hydrocyclone, a settling cone and a thickener arranged in closed circuit. The mill tailing, after pulp density adjustment, is fed to the hydrocyclone which yields two products. The underflow product is sent to the settling cone for further dewatering. The overflow product, together with the settling cone overflow, goes to the thickener which, with the aid of flocculants, gives a clear effluent and a relatively dilute underflow. The latter combines with the original mill tailing to form the hydrocyclone feed. Solids finally leave the system in the settling cone underflow which can reach pulp densities of up to 78%, making it suitable for direct disposal or for use as mine backfill.Some discussion is included for the selection and sizing of equipment required for this process. INTRODUCTIONDewatering is an essential process for the disposal of mill tailings which forms an added burden in milling practice, often with little or no return. It is, therefore, desirable to conduct this process as economically as possible. One way of reducing costs would be to increase the rate of dewatering so that savings can be made in the size of dewatering unit s which would lead to lower capital and operating expenditures.A common method of dewatering mill tailings is gravity sedimentation which is frequently carried out with the aid of flocculation. In most cases, flocculation greatly enhances the sedimentation process, but only until a pulp density of 50% to 55% is reached in the settled material.Centrifugal sedimentation in hydrocyclones can provide high pulp densities rapidly, but does not result in a clear effluent.This paper outlines a suitable combination of gravity and centrifugal sedimentations that results in an over-all high rate of dewatering. The system developed produces a material of high pulp density while at the same time giving clear effluent."

Jan 1, 1989

By Wenbin Zhang, George W. Poling

"Prior or simultaneous addition of ammonium sulphate can, not only enhance the activating effect of hydrosulphide ions on xanthate flotation of malachite but it can also eliminate possible detrimental or depressing effects of excess residual hydrosulphide . Use of relatively inexpensive ammonium sulphate appears to reduce the consumption of the much more expensive sulphidizing agent for optimal flotation recovery INTRODUCTIONOxidized copper minerals float poorly with conventional thiol-type collectors. This is believed to be due to the nonadherent character of the collector coating, which is readily re- moved by particle abrasion. Rosas and Polingr reported emulsion flotation seemed capable of resisting abrasion during the flotation of non-sulphide copper ores. It appears that the most common flotation technique for oxidized copper minerals comprises sulphidization with Na .S and subsequent treatment by sulphydryl collector. The principles of this method are available . Malghan recently reviewed the studies on the role of sodium sulphide in the flotation of oxidized copper, lead and zinc minerals.It is well known that in the sulphidized flotation of malachite, the activation process depends strongly on the concentration of the sulphidizing agent, i.e., insufficient sulphide gives poor recoveries because of inadequate sulphidization; excessive sulphide also causes poor recoveries due to the depressive effect of the residual hydro-sulphide ions in solution. A major difficulty in sulphidization, especially with a varying feed nature, is to establish and maintain the optimum sulphide concentration in solution. In plant practice, vigorous control of sodium sulphide is required and stepwise addition of the reagent is recommended to improve the efficiency of the process. Soto and Laskowskim have found that malachite, depressed by an excess of sulphide ions, can restore its floatability if air or oxygen is introduced to the pulp. They attributed this to the oxidation of the HS - ions on the surface of the mineral. Jones and Woodcockuvi showed that a sulphide ion selective electrode could be used to optimize the conditions (e.g . amount of hydrosulphide, sulphidization time, flotation time) more readily and precisely than existing methods in the flotation of oxidized copper ores."

Jan 1, 1989

By Henry Brehaut

"It is difficult to know how much environmental information is absorbed by those in a position to put it to use. The following information may seem like ""old stuff"" to those whose companies are taking steps to improve their environmental performance. This paper is directed in particular to those people who are interested in determining what further changes are required to make improvements as concerned environment citizens.IntroductionUntil recently, the author was comfortable with the fact that none of the operations for which he was responsible had any environmental charges against them. It was not until one of his operations was charged with non-compliance that the author discovered due diligence as a way to avoid a second charge, and when an unfortunate spill occurred at another operation, the meaning of risk prevention was learned. Knowledge was gained step by step to the point where finally environmental information is being heeded, rather than waiting to learn from sad experience. With the appreciation of what it takes to do a good environmental job, comes an understanding of the challenge that lies ahead, and the fact that there is a lot to learn.At a recent environmental gathering, comments from the participants varied considerably. Some just didn't understand why government was being so unreasonable, while at the other end of the spectrum one individual whose company was well along the path to becoming a good environmental citizen remarked that it was all very basic. What was immediately understandable to one went right over the heads of others, indicating the different stages that have been attained in the acceptance of environmental responsibilities."

Jan 1, 1991

By A. David MacPhail

"Highland Valley Copper is a large volume producer of copper and molybdenum concentrates. Production is by conventional truck and shovel operation combined with an extensive ore handling in-pit crushing and conveying system.Grade of the two orebodies is low at 0.4% copper and 0.007% molybdenum and this demands a production rate in excess of 260 000 tpd at a stripping ratio of 1: 1. Mining cost has to be kept at minimum levels to keep the mine profitable and thus, it is necessary to keep in the forefront: of technology. As well as the in-pit crushing system, the mine has pioneered the use of shovel weighing coupled with a state-of-the-art dispatch system.Maintenance of the equipment is carried out at the on-site mine maintenance shop with assistance from local shops for engine and wheel motor rebuilds and other large jobs such as those requiring stress relieving. Shovel and truck rebuilds are undertaken by mine crews. Both long- and short-term planning is designed and scheduled in the mine engineering section. Outside consultants are used to assist in slope design, reclamation and blasting technology."

Jan 1, 1992

By F. W. Wellmer

"This paper discusses the changing nature of reserve/consumption ratios, using data from Canadian operations and focussing particularly on copper.IntroductionStudies in world metal consumption and world metal reserves are done regularly by the U.S. Bureau of Mines, the German Federal Institute of Geosciences and Raw Materials, and other institutions. Formerly, on the basis of these data, the following figures were calculated:• a static lifetime of reserves-reserves at year end divided by the consumption of the previous year;• a semidynamic lifetime of reserves-reserves at year assumed constant growth rate.These figures were severely criticized because they were purely theoretical and did not consider the availability of the raw materials.Recent practice is to calculate reserve/consumption ratios (R/C ratios) for periods(1) or for different years(2,3) and to interpret the trend. For base metals, these R/C ratios are increasing (Table 1). This had led to the conclusion that today the relative availability of base metal reserves has increased as compared to 10 or 15 years ago(4,5) As there are normally numerous deposits for each commodity, the anticipated production rates of deposits are irrelevant to this conclusion as long as the statistical distribution of possible production rates does not change significantly.The above conclusion is only justified if the quality and the nature of the data base remain the same. This is certainly the case for the consumption data. It is also assumed for the quality of the reserve figures, which usually take into account only proven and probable reserves. For the nature of the reserve figures, however, this does not seem to be true.Undoubtedly, the reserves increased in absolute terms between 1966 and 1978. To put the absolute reserve figures into perspective, it is common, as said above, to compare them with the mine production, which increased in the free world between 1966 and 1978; e.g. for copper by 40%, for Pb by 17% and for zinc by 36%. However, the reserves are also influenced by other factors, such as average size of the mines, changes in the grade of the mined ore, price-to-cost relationships and the like.The purpose of this paper is to examine the nature of the reserve figures in more detail. Because the completeness of mining data published in Canada is rather exceptional, Canadian .data serve as an example and it is assumed that the conclusions can be extrapolated to other mining countries or at least to those with free market systems."

Jan 1, 1981

By Gerhard Heinrich

"The composition and the possible utilization of a slag sample from a nickel smelter operation in the Sudbury district were investigated. The sample containing 0.136% Ni, 0.10% Co and 0.29% Cu could be characterized as a fayalit e slag with a sulphide bearing glass matrix. While the fayalite contains most of the Co, Ni is enriched within both sulphides and fayalite. Cu is only present in higher amounts in sulphides or metallic droplets. This, as well as the small grain sizes of the mineral phases, inhibits significant enrichment by mechanical methods. However preconcentration is possible by means of magnetic separation. An effective hydro metallurgical approach proved to be oxygen pressure leaching with sulphuric acid. Accordingly, the method proposed for processing the investigated slags is to combine the normal utilization as coarse construction material with pressure leaching of the fines and the ground upgraded magnetic fraction. Besides the recovery of base metals, the leaching process yields fine-grained residues, which, after addition of CaD, will set to a cement-like material, or can be used as a pozzolanic cement colour. INTRODUCTIONDuring the pyro metallurgical processing of nickel ores, the valuable metals nickel, cobalt and copper are enriched within the sulphide matte, similar to the smelting of copper ores. The resulting waste materials are slags, which may still contain valuable metal contents of up to 0.5% or above . These contents are close to the cut-off grades of some nickel-cop per-cobalt deposits. The methods that are used to recover copper from slags comprise in general further pyro metallurgical treatment, often after enrichment by flotation. Another area of application for such slags is their use as construction material. However, this might cause environmental problems if nickel containing dusts are produced.Based on one example, the characerization and a possible way of complete utilization of nickel smelter slag s as construction materials in combination with partial base metal recovery are described in this paper. The investigated slag sample was obtained from a dump site in the Sudbury district, Ontario. Detailed test series for process optimization were not possible during this study due to the limited available sample size."

Jan 1, 1989

Orebody classification systems ? Modern classification systems ? Genesis and environment of deposition (Important in economic geology) ? Shape and structure / Form, texture and mineral content ? Mining and geomechanics ? Size ? Massive versus tabular Requirements for mining method selection ? Classification of ore deposit ? Shape, size, attitude, continuity ? Grade and distribution, strength and large scale structures present, mineralogy and small scale structure, host rocks ? Classification of mining method ? Method of support (Stress ? strength ratio) ? The method selection ? Geographical and economic factors of the location

Feb 1, 2008

By Larry T. Yano, Gerald T. Handford

"Tailings Engineering has the responsibility for planning and coordinating tailings disposal and for ensuring the stability of the tailings dyke. The inclusion of both the planning and geotechnical functions in one team has resulted in greater efficiency in the design and planning process. Major challenges in tailings disposal facing Syncrude are in the areas of: (1) sludge disposal; (2) instrumentation and monitoring; and (3) liquefaction. Meeting these challenges will have a significant effect on the cost effectiveness and reliability of the mining operation.IntroductionThe size of the tailings disposal operation has led to the establishment of a large engineering team devoted solely to the disposal of tailings. This paper discusses: the tailings disposal operation, the role of tailings engineering, the organization, inter faces, and the present and future challenges with respect to tailings disposal."

Jan 1, 1990

By T. H. North, A. G. Glover, R. J. Pick

"Girth welding operations represent the rate-limiting step in pipeline construction. A joint industry-university program was set up to establish the field welding characteristics of large-diameter, high-strength line pipe.Theoretical work carried out at the University of Waterloo showed that pipe wall thickness and joint misalignment prior to welding has a marked influence on the lifting stresses acting on the root pass of girth welds. Pipe diameter and pipe ovality had negligible effects. Super-position of lifting and residual stress (caused by the fusion welding operation) highlighted regions of the weld bead most susceptible to hydrogen-induced cracking.The field welding characteristics of 1219-mm-diameter, 13.72-mm-wt Grade 483 line pipe were evaluated using a specially designed test rig. The principal test variables were lift height, delay time after root pass deposition, preheat temperature, pipe composition and joint misalignment prior to welding. For any given life, preheat and joint misalignment prior to welding had the most significant effect on cracking tendency.The output of this program has industrial significance and illustrates the beneficial features of university-industry collaboration.IntroductionField welding operations comprise the rate-limiting step during pipeline construction. Crack-free girth welds must be made in a wide range of weather conditions and consequently the field weldability of line pipe compositions directly affects pipeline integrity and construction economics.Pipe-laying practice comprises root bead deposition followed by a skidding operation involving lifting (or lowering) the pipe length onto skid s so that the next pipe length can be aligned prior to welding. Consider pipeline construction using 24.4-m lengths of 1219-mm-diameter , 13.72-mm-wt Grade 483 pipe weighing approximately 10,000 kg. Skidding involves loading a 3-mm-thick root bead by moving the free end of the pipe through vertical distances of up to 700 mm . The likelihood of cracking in these circumstances depends on the inherent crack susceptibility of the pipe composition employed, on the hydrogen content of the deposited weld metal and on how well the joint handles the external stressing caused byskidding."

Jan 1, 1981

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 J. A. E. Bell

"Inco has shifted part of its traditional extractive research effort at its J..Roy Gordon Research Laboratory in Mississauga toward new, value-added products. Most of the effort is being expended on new Ni powders for batteries and new Ni-coated products which will be produced in Inco's carbonyl nickel refineries. New products under development are Ni-coated powders, Ni-coated fibres and ultra-fine Ni powders. Other new products for advanced material applications include controlled expansion composites, NiGOLD strip, Thermal barrier coatings on Inco alloys, and plasma coatings.Research and Corporate Strategic ThrustsThe newest strategic thru st of the company is to increase the value of the primary metal products. These new products are to be in addition to any new alloys or downstream alloy fabrication.Historically Inco has had the highest research expenditures in the extractive metallurgy field in North America. This has resulted in many new processes including flash smelting , matte separation, fluid bed roasting, pressure carbonyl refining and cobalt electrowinning which have contributed to establishing Inco as the lowest cost nickel producer. The recession of the 1980s caused a restructuring of Inco research and corporate goals .As shown in Figure I, from 1975-1982, i.e. pre-recession, Inco spent around 33 million dollars per year on research. Some 48070 of that sum was spent in Corporate Laboratories in Sterling Forest in the United States and in the United Kingdom , mostly on alloy associated research. A further 10% was spent on alloy research at the alloy production facilities in Hunting- ton, West Virginia, and Birmingham and Hereford in the United Kingdom. On extractive research, 13% was spent by process technology groups at the plant s, 20% at the pilot plants in Port Colborne and 9% at the J. Roy Gordon Research laboratory.The relative research expenditures (Fig. 2) have decreased so that today they are at the same level as 1975-80. The research as a per cent of sales has been cut from 2.2% to 1.2% of normalized sales. A normalized sale price of $4.00/lb Ni was used in the 1988 figures. This was partly achieved by closing Corporate Laboratories. Most of the essential alloy research was moved to producing plants and total alloy research is now 27%.A new thrust initiated in the 80s was mining research which now accounts for 20% of research expenditures. Over a period of the past five years this research has doubled the mining productivity in Inco. The pilot plant expenditures have been cut in half. One entire research station at Port Colborne was converted into a platinum group metals intermediate refinery. The decrease in pilot plant expenditures has been compensated by full scale plant trials devoted to the S02 abatement program at Sudbury."

Jan 1, 1990

By Philippe Monier, Frank C. Basham

"This paper outlines the scope and applications of 'COALMOD', the British Columbia Ministry of Energy, Mines and Petroleum Resources' computerized financial simulation model for coal mining developments. After a description of the computer system and language of implementation, the logic and scope of current model sub-routines are presented. This is followed by a presentation of examples on the current applications of the model to public policy evaluation, including benefit-cost analysis, fiscal analysis and evaluation of the effects of public infrastructure investments made in support of mining projects.IntroductionThis presentation has been developed in response to a number of requests from coal mining companies and various public agencies who have indicated interest in understanding our application of contemporary analytical techniques to public policy in the coal sector. In particular, the subject of this paper is an explanation of COALMOD. a mnemonic given to a computerized, mine-specific, financial simulation model which is assisting the Government of British Columbia in evaluations of new coal projects, assessment of public sector investments made in support of these projects and. more generally, measurement of the financial effects of current or proposed government policies, and factors outside immediate government control such as coal prices and transportation costs."

Jan 1, 1981

By Sabine Noelte, Mikko Petteri Rantamäki, Christopher Robben, Anssi Takala, Karl-Erik Rånman

"Sensor-based ore sorting is on its way to establish as a standard option for physical separation. The increasing number of installations in coal, iron ore, industrial minerals and hard-rock metal mining segments underlines the technological and financial potential that is beginning to be untapped. The Ma’aden Phosphate installation with 1.650 t/h sensor-based ore sorter feed sets a new benchmark for the possible capacity of stationary installations. Besides stationary installations, including multiple sorters parallel in different size ranges and multiple stages, containerised semi-mobile plants are applied. These offer two advantages, first being the reduction of transport costs when applied close to the mining face. The second is that semi-mobile systems enable processing of tens of thousands of tonnes of ore in a piloting phase with an approximate duration of 0.5 to six months, verifying the results laboratory mini-bulk tests on 5–10 tonnes of sample. This is especially important for low-grade metal ores because of the inherent Fundamental Sampling Error, as well as the Grouping and Segregation Error. The paper elaborates the results achieved within the I2MINE project, treating polymetallic ore at the Boliden Concentrator in Sweden.INTRODUCTIONSensor-based ore sorting (SBS) is becoming a standard option for physical separation, applied in all segments of mineral production. The Umm Wu’al project sets the bar for stationary SBS installations with 1,650 t/h feed (TOMRA, 2015). TOMRA Sorting Solutions has finalised an agreement in cooperation with Outotec to supply Outotec-branded sorting solutions for the mining and metallurgical industry (TOMRA, 2014). Especially for low-grade hard rock metal ores, an interdisciplinary approach is necessary applying experts for all aspects of mineral production. Due to the impact on the whole process stream, it is important on the end user side to have high level managerial support and involve all disciplines to ensure that all stake holders are involved in the analysis."

Jan 1, 2016

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 V. C. Wittchen, T. R. Yu, J. E. Croxall

"The consolidated rockfill at Kidd Creek Mines is a weakly cemented, minus 15 cm aggregate which posed problems for conventional drill/blast drifting methods. Consequently, lateral access to mineable ore adjacent to backfilled areas was gained by drifting around the fill in shattered rock.In mid-1987, Kidd Creek Mines began to investigate means of mechanically excavating drifts in backfill . The results of this investigation led to a trial program using a Dosco MK-2A Roadheader to excavate the required drifts in backfill.The roadheader was tested at Kidd Creek Mines from July to November 1988, in 28-735 X /C to be used as the top access for drilling and blasting 32-74/ ST. During this period, the roadheader excavated 54 m of a 4.3 m by 3. 7 m arched drift in backfill. Cutting rates over the period averaged 0.8 m/cutting hour as projected with a daily high of 2.0 m/cutting hour.Wood-lagged 2-piece steel arches on 1.2 m centres were chosen as ground support for the trial. Shotcrete will be tested in a roadheader drive for its potential to improve productivity by replacing the steel arches.The trial program included evaluations of point-attack picks, two sizes of cutter motor, 20 MPa (3000 psi) water-assisted cutting, cuttings-removal systems, and environmental control devices."

Jan 1, 1990

By R. H. McCorkell

Radon emanation rates. J. and compositions of materials from the Canadian Certified Reference Materials Project (CCRMP) indicate that the fraction of the Rn produced that escapes, E, is usually 1% to 8% and the 238U decay chain is nearly in secular equilibrium. For some Chinese ore standards, E values are higher than f or the CCRMP materials. Standard ore tailings have 2/oPb concentrations higher than expected from their 226Ra concentrations and Rn escape rates (12 - 34%) . Biological materials have E ˜100%, their ash E ˜0%. Pelletizing ore powders at 20 000 lb/in2 reduces J by only 20 - 40% but only 2% of Rn escapes from pressed Li2B4O7 pellets and 0.01 - 0.04% from fused Na2B4O7 or Li2B4O7 discs. Large, difficult-to-explain random variations in J are observed in some situations but several highly reproducible ways of measuring emanation rates have been found.

Jan 1, 1986

By P. S. Daly

"The purpose of this paper is to describe the types of instrumentation used at Sherritt Gordon's Ruttan Mine to monitor the"" effects of mining. The aim of the monitoring program is to establish parameters to achieve a maximum ore recovery with minimum dilut ion in a safe environment.The copper-zinc Ruttan Mine is in northwestern Manitoba, approximately 760 km from Winnipeg (Fig . I) . Production commenced in 1973 from the open pit at the rate of 10,000 tons per day. Pit bottom lies 58 metres above the first mine level. Underground development has overlapped with open-pit mining throughout. The open pit was phased out in the latter part of 1980.Underground production began in early 1979. The mining method employed in the first lift is sub-level blasthole open stoping with delayed hydraulic filling. Large-diameter (6.5-in.) holes are being drilled in the crop stope area and are also planned for some other areas for vertical retreat mining into a slot. GeologyThe orebody consists of numerous sulphide lenses of variable size, geometry and geology . The lenses occur within volcanoclastic host rocks which exhibit a strong variability in intensity and type of alteration and structural characteristics. Stope design and sequencing were based on these complex geological factors."

Jan 1, 1981

By Ian Rozier

"Emphasis in recent years in western Canada has been placed on the development of large open-pit coal mines, the most notable developments being in northeast British Columbia. However, vast resources exist below the limit of economic open-pit mining, and with world demand predictions of the late seventies in mind, the potential of underground coal mining in western Canada has been investigated. Particular emphasis has been placed on the Plains coalfield of Alberta, and there is optimism that underground coal mines will be developed in the Lethbridge area of southern Alberta.With no existing operations in southern Alberta with which to compare mining conditions, any mine planning and feasibility level studies rely heavily on the engineering/geotechnical data obtained from surface investigation to predict ground control problems and technical constraints on mining. Such investigations have been integrated with exploration drilling programs. Emphasis has been placed on extracting maximum information to provide an over-all appreciation of potential ground conditions and to identify specific ground control problems that could be encountered.The acquired geotechnical parameters are then used to evaluate the mine properties from an engineering standpoint for input into the determination of optimum mine layouts, development directions, mining methods and roadway and face support requirements. These geotechnical studies have been primarily directed toward the longwall mining method, but the acquired data base could equally be applied to alternative mining methods.In addition to the lithologic and structural controls which relate to roof stability, caving characteristics, floor heave and subsidence, investigations have been directed at gaining an understanding of the over-all surface and ground water regime with respect to potential inflow into the mine openings and ground control problems that could be caused by inflows encountered during mining. Experience has shown that soft floor conditions and water control are important factors to be considered in a longwall layout, and without doubt these parameters will play a major role in the design and operation of a successful longwall operation in the Lethbridge coalfield."

Jan 1, 1986

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