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By Trevor R. Ellis

"The valuation of mineral properties in the U.S. is only partially regulated. The regulations which have jurisdiction or impact appear to have such mainly as a consequence of unintended fallout, since the regulations were designed for other purposes. Court case history can also be important. The combined results are a mixture of bad and good, with important lessons to be learned.Since 1981, the Securities and Exchange Commission has prohibited U.S. listed companies from reporting quantitative estimates of mineralization and the value of mineralization, other than proven and probable reserves. This results in the minerals appraiser (valuator) working with a shortage of data in his everyday work, both on the subject property and in sales analysis.Between 1989 and 1995, all 50 states and essentially all Federal agencies adopted the Uniform Standards of Professional Appraisal Practice (USPAP) for real property appraisals (valuations). The major national appraisal societies also require their members to abide by USPAP. A significant portion of minerals appraisals must now follow these standards. This paper will discuss the content of USPAP. It provides a very good framework for the valuation of a minerals property or a mine, both as real property and as a business. However, the credentialing standards for real property appraisers are now prohibitive for minerals appraisers."

Jan 1, 2003

By Karl J. C. Harries

Mineral Agreements and Royalties

Jan 1, 2003

By J. B. Boisvert, P. Oshust

A significant source of uncertainty in the diamond resource contained in kimberlite pipes is the volume of the pipes. Often the material within a pipe will be mined as ore, leaving the actual geometry of the pipe as a significant source of uncertainty. It is desirable to use stochastic techniques, rather than deterministic methods, to model pipe geometry because stochastic techniques generate multiple realizations that are reproducible and can be used to assess uncertainty in pipe geometry. The proposed methodology uses sequential Gaussian simulation of pierce point locations interpreted from drillholes through a kimberlite pipe. Kimberlite pipes are approximately cylindrical in shape; therefore, the data are transformed to cylindrical coordinates to facilitate the simulation of pipe geometry. Rather than using xyz coordinates to define the pierce points, z, ??and pipe radius are used. The radius variable can be simulated in z-??space to generate multiple realizations of pipe volume. Uncertainty in the volume of the pipe can then be evaluated. This methodology is demonstrated with a kimberlite pipe at BHP Billiton’s Ekati diamond mine.

Jan 1, 2008

By A. R. Byers

"This paper describes the distribution, occurrence, and paragenesis of known sulphide deposits within an area bounded by longitudes 102°00' to 106°00' west and latitudes 54 ° 301 to 57 °00 1 north. The Precambrian bed-rock which outcrops over all but the southern fringe of the area con- . sists of regional metamorphic assemblages ranging from low grade or green schist facies to high grade or amphibolite-granulite facies. The areas . of low-grade metamorphism correspond to 'islands' of volcanic rocks which are surrounded by highgrade paragneisses and migmatites. Intrusive rocks range in composition from ultrabasic to granitic and may be divided into syntectonic and posttectonic sequences. The average composition of the former is granodiorite and of the latter quartz diorite.The massive sulphide deposits fall naturally on basis of mineral content into the following divisions: ( 1) pyrrhotite and / or pyrite, (2) sphalerite and/ or chalcopyrite plus iron sulphides, (3) sphalerite and galena, ( 4) sulphide-bearing pegmatite, and (5) nickeliferous pyrrhotite and / or chalcopyrite. The deposits of iron sulphides are ubiquitous. Ratio of pyrrhotite to pyrite is fairly constant for individual deposits, but their areal distribution appears to be independent of the nature of the enclosing rock and grade of regional metamorphism. All deposits containing ore-grade quantities of base metals have been concentrated at favourable structural locations. Copper-zinc and lead-zinc deposits appear to be associated with syntectonic granodiorite with the lead-zinc concentrations confined to calc-silicate gneisses. Copper-nickel deposits show a close relationship to post-tectonic gabbros and pyroxenites. The paragenesis is more or less the same for the majority of deposits, with iron sulphides and sphalerite being introduced early and followed by chalcopyrite and galena. Some vertical and / or horizontal zoning is apparent in a few deposits. Temperatures of formation and origin of the deposits are briefly discussed."

Jan 1, 1960

By S. Y. Tshipeng, A. T. Kaniki

"RÉSUMÉ La lixiviation acide d’un minerai oxydé cupro-cobaltifère en milieu non réducteur et en milieu réducteur en utilisant le Fe2+ et le métabisulfite de sodium (SMBS) a été étudiée et les résultats ont été comparés. Les tests de lixiviation ont été effectués à température ambiante, dans une pulpe à 30 % solide, avec une vitesse d’agitation de 600 tr/min, un potentiel redox de 350 mV pour les tests en milieu réducteur, et un pH de 1,8. Les tests de lixiviation avec usage du SMBS comme réducteur ont donné la meilleure cinétique de lixiviation du cuivre. Pour le cobalt, c’est l’usage du Fe2+ qui a donné la meilleure cinétique de lixiviation. L’augmentation de la dose du fer dans la solution au-delà de 5 g/L a influencé négativement les rendements de lixiviation du cuivre et du cobalt. ABSTRACT Acid leaching of a copper-cobaltiferous oxide ore in a non-reducing environment and in a reducing environment using Fe2+ and sodium metabisulfite (SMBS) was studied and the results compa¬red. The leaching tests were performed at room temperature, in a 30% solids pulp, with a shaking speed of 600 rpm, a redox potential of 350 mV for the tests performed in the reducing environment, and a pH of 1.8. The leaching tests using the SMBS as a reducing agent produced the best copper leaching kinetics. As for cobalt, the best leaching kinetics was achieved using Fe2+. An increase in the amount of iron in the solution above 5 g/L negatively influenced copper and cobalt leaching yields. INTRODUCTION La République Démocratique du Congo (RDC) est un pays reconnu dans le monde pour son sous-sol qui regorge d’énormes quantités de cuivre et de cobalt (USGS, 2014; Palisade Research, 2016). La technique qui semble être la plus recommandée pour extraire à la fois le cuivre et le cobalt des minerais oxydés cupro-cobaltifères est la lixivia-tion acide en milieu réducteur. Cette technique est appliquée par la majorité des sociétés minières qui exploitent ces minerais dans l’ex-province du Katanga en RDC, à savoir: Tenke Fungurume Mining, Mutanda Mining, Kamoto Cop¬per Company, Sicomines, Gécamines, Boss Mining, Chemaf, Ruashi Mining et Somika. L’usage d’un agent réducteur est indispensable pour l’obtention d’un bon rendement de lixiviation du cobalt. En effet, plusieurs chercheurs s’accordent sur le fait que le cobalt trivalent de l’hétérogénite (CoO·2Co2O3·6H2O) est insoluble à l’action de l’acide seul; il ne devient soluble qu’après réduction en cobalt bivalent (Mwema, Mpoyo, & Kafumbila, 2002; Mulaba-Bafubiandi, Ndalamo, & Mamba, 2007; Ferron, 2008; Seo, Choi, Kim, & Tran, 2013; Stuurnam, Ndlovu, & Sibanda, 2014)."

Jan 1, 2018

By Barun Gorain, Andy Stradling

"The traditional metallurgical scale-up techniques for flotation plants are based on lumped flotation rate constants, dimensionless hydrodynamic numbers and the use of safety factors. Once the plant has been designed, the flotation principles that govern scale-up play almost no role in the optimisation of the circuit to meet its metallurgical targets. This deficiency can potentially lead to a plant design incapable of meeting its targets, especially when circuits incorporate large flotation cells. This paper demonstrates the application of the k = PSbRf model in providing a suitable framework for flotation modelling, scale-up and circuit optimisation, thus presenting an integrated approach to the problem. Studies were conducted at Teck Cominco’s Red Dog concentrator to characterise cell hydrodynamics, gas dispersion properties, fioth flow behaviour, entrainment and ore floatability to obtain the key data necessary to develop a model for the flotation circuit. The findings of these studies are presented in this paper, which provide valuable insights into the modelling and optimisation of the Red Dog flotation circuit.INTRODUCTIONThe traditional methodology for flotation scale-up and plant design is based on the rule-of-thumb with safety factors, dimensionless hydrodynamic group similitude considerations, etc. With the recent trend towards larger flotation cells with volumes of 150 m3 and greater in concentrators, the problem of scale-up has become even more acute. The scale-up factors that may have been tolerated on smaller cells are not applicable to larger cells. The transportation of froth in these large cells adds further complexity to the problem. Arbiter et al. (1980) foresaw this problem and pointed out that if scale-up were attempted by rule-of-thumb and trial-and-error, then the probability of failure would increase with scale. This problem is confounded by the fact that the design and scale-up considerations used for a new flotation circuit play almost no role in optimisation of the circuit to meet its metallurgical target. This results in a plant design incapable of meeting its metallurgical targets. There have been several instances where new concentrators have required significant circuit modifications and additional capacity to achieve design targets."

Jan 1, 2002

By Marty Hudyma

Large seismic events have been reported in mines in the Sudbury mining camp for more than 70 years. Nevertheless, no detailed record of the events has been compiled. In 2008, the Sudbury Regional Seismic Network (SRSN) research project was initiated to collect more accurate data with regard to the magnitude and locations of mining-induced seismic events in and near the mines in the Sudbury Basin. The data is used to better understand the mechanisms of the events and cause-effect relations between mining and seismic events. Through the collection of a central database of large seismic events, new insight is being be gained into why some mines are much more prone to large events than others. Fifteen low cost seismic stations have been distributed throughout the Sudbury basin. The data from each seismic station is uploaded to a central server using the internet. Data recorded on the SRSN is processed on a daily basis, and a weekly summary of blasts and events is issued to project sponsors. Seismic events smaller than local magnitude +1.0 have been identified and located. Event location accuracy is less than 2 kilometres, however, many events have been located less than 1 km from a mine. The SRSN fills a seismic monitoring gap between the in-mine microseismic monitoring systems and the earthquake monitoring system operated by the Geological Survey of Canada. Since July 2008, more than 600 mine blasts and more than 450 mining-induced seismic events have been recorded in the Sudbury basin. This paper primarily discusses the technical aspects of the design and operation of the SRSN. The SRSN is a Canadian Mining Industry Research Organisation (CAMIRO) research project, with industry sponsorship and support from FNX Mining, Itasca Canada, Vale Inco and Xstrata Nickel.

Oct 1, 2010

By J. P. Harrison, M. Grenon

"This paper summarizes the results of numerical studies on drift stability in moderately jointed rock masses. It investigates the relative pertinence of geomechanical factors such as joint orientation, spacing and stress regime. This is undertaken using a distinct element model and a series of parametric studies. IntroductionIn evaluating the stability of drifts in jointed rock, it is often necessary to compromise by employing models that capture the complexity of the rock mass, but which are still simple enough to allow for their routine implementation. The distinct element method can arguably provide an eloquent method to accomplish this. This paper explores the applicability of the method by means of a parametric study aiming to identify the dominant factors that influence the stability of drifts in moderately jointed rock. To this end a commercially available 2D distinct element numerical model was used. A series of techniques are presented in an effort to quantify the results of any instability predicted by the model.This paper also demonstrates a case study where a 3D joint network model was integrated into the distinct analysis software package. The advantages, as well as the current limitations of this approach, are discussed."

Jan 1, 2001

By Tony Lipiec, Greg Gosson

"When it comes to new mines being developed, there is a general industry consensus that most low-hanging fruit has been picked. Many projects currently in the mine development pipeline have been around for decades, but were held back because of technical challenges. Future development of these deposits will likely require access to the public capital markets, and in Canada that means providing scientific and technical disclosure on these deposits in compliance with NI 43-101. As many of these “challenged” projects have metallurgical issues, the companies that own the projects need to ensure their metallurgical Qualified Persons provide transparent disclosure regarding proposed solutions to those issues.This paper provides an overview of the disclosure requirements under NI 43-101 that are pertinent to metallurgists, and other Qualified Persons who prepare technical disclosure regarding the metallurgical characteristics of a mineral project. It lists the triggers for a technical report under NI 43-101 and Canadian stock exchange policies, and identifies the sections of the report that should involve input from a metallurgist or process engineer. It briefly outlines new civil liabilities under Canadian securities laws that increase the possible consequences for not complying with the technical disclosure standards.These materials are provided for general information purposes only and do not constitute legal advice. Readers are advised to seek specific legal advice from their own legal counsel in relation to any decision or course of action contemplated."

Jan 1, 2003

By M. J. Collins

"Autoclaves were first used in the metallurgical industry in 1893 to recover alumina from bauxite. In the 1940s and 1950s, several high temperature and pressure processes were invented in the laboratory of Professor Frank Forward at The University of British Columbia, in parallel with advances in equipment and processes by the Chemical Construction Corporation. Sherritt Gordon Mines Limited enlisted these groups to help develop the nickel sulfide ammonia leach process that was commercialized in 1954. Autoclave processes that have since been commercialized include high-pressure acid leaching of laterites, zinc pressure leaching, and pressure oxidation of refractory gold feedstocks. RÉSUMÉ En 1893, l’industrie métallurgique est la première à utiliser les autoclaves pour l’extraction de l’alumine dans la bauxite. Dans les années 1940 et 1950, plusieurs procédés à haute température et à haute pression sont inventés dans le laboratoire du Pr Frank Forward de l’université de la Colombie-Britannique (UBC) ; parallèlement, la Chemical Construction Corporation fait de grands progrès en matière d’équipement et de procédés. Sherritt Gordon Mines Limited fait appel à ces groupes pour qu’ils aident la société à développer le procédé de lixiviation du sulfure de nickel dans de l’ammoniaque, commercialisé en 1954. Les procédés de lixiviation en autoclave commercialisés depuis incluent notamment la lixiviation acide à haute pression de latérites, la lixiviation sous pression du zinc et l’oxydation sous pression des matières premières de l’or réfractaire.INTRODUCTION Autoclaves are chemical reactors that are built to contain processes taking place at elevated pressure. They are used in metallurgical refineries throughout the world to take advantage of the increased reaction kinetics and different reaction products that can be obtained in aqueous systems above the boiling temperature at atmospheric pressure. The word autoclave comes from the French “auto” and the Latin “clavis” and literally means self-locking—that is, the core distinguishing feature of an autoclave is that it includes a means for pressure regulation (e.g., a pressure relief valve). Denis Papin (Figure 1a), one of the inventors of the steam engine, was the first to make use of a safety valve to control steam pressure. He is credited with inventing the autoclave in 1679. Papin’s “digester” (Figure 1b) was a type of pressure cooker that was originally used to liquefy bones. Most commercial autoclaves are horizontal, multicompartment vessels with mechanical agitation, as shown in Figure 2a; however, the steam-agitated Pachuca vessels used to leach laterite ore in Moa, Cuba (Figure 2b), are also classified as autoclaves according to the self-locking definition provided above."

Jan 1, 2018

By C. Xiao, F. Mohamm, A. Borsoi

"Nitrogen compounds produced by cyanide destruction and/or blasting are often a cause of concern for environmental compliance and at times, for water re-use in metallurgical circuits. Natural attenuation in tailings ponds and wetlands is not always sufficient to ensure compliance and/or achievement of overall water management objectives. This paper provides a general overview of active treatment methods for nitrogen management followed by an investigation of selective adsorption combined with electro-oxidation as the potential treatment method for thiocyanate. Results from bench scale treatability study are presented. The concept of holistic assessment of nitrogen management at mine sites using Risk Adjusted Life Cycle Cost is introduced and discussed in the context of gold mining operations using sodium cyanide.INTRODUCTION Unlike metals, nitrogen compounds present in mine waters originate entirely from anthropogenic sources rather than mineral deposits. Table 1 summarizes the main sources of nitrogen compounds reporting to mine wastewater.The best management practice related to the use of ANFO involves minimizing contact between ANFO and water, control and monitoring of blasting to reduce the occurrence of misfires, and reducing the consumption of blasting reagents for a given ore body. The most common practice for the management of NaCN is the incorporation of cyanide destruction in the metallurgical flowsheet and the use of tailings impoundments and holding ponds for natural attenuation of cyanide destruction residues such as NH4-N and CNO. At most mine sites there is no active management of NO3-N and SCN in wastewater. While current practices have produced satisfactory results, new enhanced methods to manage nitrogen compounds at mines are needed due to: 1) Increased scrutiny over the adverse effects of nitrogen compounds released into the environment; 2) New effluent standards; and 3) The shift away from wet tailings towards dry stack systems resulting in diminished natural attenuation and dilution of nitrogen residues prior to effluent discharge or water re-use in mineral processing."

Jan 1, 2017

By Michel Grenier, Robert Scott, Mahendra Gangal, Andrew Dasys

This research project which took place at Brunswick Mining and Smelting's Brunswick mine, was undertaken to assess the ability of new diesel engine technology to meet current and anticipated underground worker exposure limits to diesel exhaust contaminants. Concentrations of CO, CO2 NO, NO2 SO2 and respirable combustible dust (RCD) were measured in a remote mine area where a haulage truck was operating under simulated duty cycles. The 26 ton haulage truck was equipped with a 300 hp, electronically controlled engine. Fresh air was supplied to the area as per the MSHA certification document for this particular engine. Results showed that while the vehicle operated in a normal and realistic duty cycle, the concentrations of contaminants remained well below the ACGIH guidelines for the threshold limit values (TLV)for exposure. While operating at 630/0 of maximum horsepower (26 tons of ore in the dump), the time-weighted average exhaust gases concentrations (CO, CO2 NO, NO2 and SO2) never exceeded 150/0 of their respective TL Vs. ReD concentrations in this instance were measured at 0.59 mg/mJ or 39.30/0 of the exposure limit suggested by the Canadian ad hoc Diesel Committee. The Air Quality Index was 1.55 or 520/0 of the maximum suggested value for exposure.

Jan 1, 1994

By Baki Özüm

Early evaluations of Pasquia Hills kerogen shale deposits by Geological Survey of Canada, Saskatchewan Geological Survey, Manitoba Energy and Mines and Sun Oil Company, using modified Fischer Assay, Rock-Eval and other techniques, estimated recoverable reserves of about 2.6x109 barrels of oil in areas favorable for strip-mining; each metric ton of ore was determined to yield about 30 L to 50 L of shale oil remarkably high in aromatic compounds. Western Petrochemical Corp. (WPC) is holding two Oil Shale Exploration Permits covering about 76,635 hectares in the Pasquia Hills Region of eastern Saskatchewan and conducting a 15-corehole drilling program to determine stratigraphic correlation on both first and second white specks kerogen shale. In this program, correlation will be established between oil yield and oil quality, using different retort techniques, including modified Fischer Assay, steam retort and Rock-Eval. Results will lead to further resource evaluation and to a preliminary engineering design for a shale processing plant, including selection of retort process, upgrading of shale oil to petrochemical feedstock, hydrogen management, energy balance and evaluation of environmental impact.

May 1, 2002

By S. Vézina

"Environmental issues have evolved considerably over the last two decades. The main contributing factors, to name a few, have been the changing values of modern societies, the globalization of trade and its linkage to environment, evolution and accessibility of information/ communication technologies, better educated populations, climate change, longrange transport of toxics, and the increasing influence of non-governmental organizations (NGOs) and multistakeholders.As well, environmental management of mining operations had to be realigned in order to meet these new realities and to respond to more elaborated regulations oriented towards sustainability. Environmental management systems (EMS) have been introduced not only to meet the assurance of conformance to regulations but also to prevent pollution and to apply the continuous improvement of mining processes. EMS models have been developed and certification to international standards (e.g. ISO 14 001) is a common practice.Globalization has imposed challenges and additional requirements to environmental management. Developing a mine in emerging countries implies dealing with international agencies, local communities, and a variety of government infrastructures to obtain a “license to operate.” This paper presents the structure of Cambior’s EMS and how it was adapted and implemented in the company’s operations in South America."

Jan 1, 2006

By Kallioinen Jouko

"Advanced Flotation Technology is the application driven design of Don-Oliver flotation cells to achieve the optimum performance for each type and grind of flotation. Optimum performance is the combination of both recovery and selectivity.Optimized performance is the combined product of optimized mixing and effective froth removal. Optimized mixing is applied to roughers, scavengers, cleaners and specialty cells such as those to float hydrocyclone underflows in both primary and regrind circuits in order to reduce overgrinding. Effective mixing for fine material is easy, but overmixing reduces selectivity in frothbed.Selectivity in flotation is an important target, especially when treating complex ores, and parameters in frothbed have been examined to improve the separation of minerals and eliminate circumstances that reduce separation rate.Advances in process control have been achieved with expert controls and instructive operator information data. This has gained a higher degree of understanding of cell operation and ore type being processed to be used in future process development work. Excellent results of this Advanced Flotation Technology have been achieved and designs through 7000 cu ft (200 m3) are currently available for high capacity concentrators. This paper will detail how flotation cells are more responsive to the exact requirements of the duty specified."

Jan 1, 2000

By K. Spence

"The notion of “value” has always been a subjective and contentious issue. Indeed, value is in the eye of the beholder. There are as varied methods and practices for valuing property, as there are industries in which they are applied. For example, there is replacement value, insurance value, salvage value, appraised value, book value, and fair market value, to name a few, although in the mining industry, valuations usually refer to fair market value.In the Canadian mining industry, at present, there are no comprehensive regulations or guidelines that specify which approaches or methods are appropriate for use in the valuation of mineral projects. In January 1999, The Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission recommended that the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) establish a committee to review and advise on approaches and methodologies for the valuation of mineral properties. Among the approaches to be considered are included the following: the discounted cash flow approach, the cost approach, the option pricing approach and the market comparables approach. In addition, methodologies differ depending on whether the project is at the exploration stage or the producing stage.The CIM Special Committee on the Valuation of Mineral Properties (CIMVal) expects that its final report will form the basis for a Canadian code or standard for the valuation of mineral properties."

Jan 1, 2002

By André R. Laplante

"This presentation reviews three continuous centrifuge separators, the Falcon-C, Kelsey Jig and Multi-Gravity Separator, two units with possible synergies with centrifuges, the In-Line Pressure Jig and InLine Leach Reactor, and two centrifuge prototypes, the continuous Knelson and the Altair Jig. Typical applications, potential problems, promising synergies and general concentration mechanisms are discussed. A general discussion on the sources of information, the nature of the fluidization water flow, test work for potential centrifuge separations and the early life cycle of new technology, using centrifuge separators as an example, follows. ResumeCette présentation fait le point sur trois appareils de séparation centrifuge, le Falcon-C, bac oscillant Kelsey et Multi-Gravity Separator; deux appareils qui présentent des synergies possibles avec les centrifuges, le bac oscillant In-Line Pressure Jig et le système InLine Leach Reactor; et deux prototypes centrifuges, le Knelson continu et le bac oscillant Altair. On y présente des applications typiques, les problèmes d’opération les plus usuels, les synergies les plus intéressantes. On discute également des sources d’information disponibles pour le minérallurgiste, de l’impact du mode d’ addition de l’eau de fluidisation, de la démarche expérimentale a faire avant d’installer un centrifuge, et du cycle de développement de nouveaux équipements, en utilisant les centrifuges comme exemple.IntroductionGravity separation has undergone a renewal in the past 20 years, much of it attributed to centrifuge units. The semi-batch Knelson Concentrator has probably received the most exposure, but it is rather because of the shear number of units sold than the width and breath of its applicability. It excels at recovery very dense minerals in very small concentrations, and has become a workhorse of the gold industry. Falcon’s Super-Bowl comes a distant second, with very similar applications. A number of copycats are available, and are generically identified as “Knelsons.” This presentation will not address these units explicitly, but as possible synergies."

Jan 1, 2000

By F. D. Forgeron

"ONE OF THE FIRST DOCUMENTED APPLICATIONS of soil geochemistry in the Canadian Shield was that carried out by Chisholm in the Kenora district in 1949. This survey proved successful in outlining sulphide-associated gold veins utilizing cold-extractable metals. Since then, mining companies, government agencies - both provincial and federal - and universities have conducted soil investigations. Some of the results are documented in publications, others are on open file in provincial and federal mines departments and, unfortunately, many other investigations with both successful and unsuccessful results are buried in company files or have been discarded. This paper deals with soils within the scope of chemical studies of overburden in the Canadian Shield. The subject is a broad one and some definition is required. The soil investigations discussed herein are those aimed at the testing of specific targets more or less in the source area. This definition distinguishes soil investigations from other overburden studies which commonly monitor metal accumulations at some substantial distance from the metal source. Naturally this distinction is relative, because in many instances there is overlap."

Jan 1, 1971

By Helmut Ehnes

Over 330 million accidents at work happen world wide every year, only counting those leading to more than four days absence. More than 350,000 end fatal. Two million people more die every year due to work-related diseases. To sum this up: around 2.4 million people die every year because of work conditions. Among many risky industries, mining stands out. While mining represents just 1% of employees globally, it unfortunately represents 8% of all occupational fatalities. Mining operations go along with a variety of hazards. Not only in large operations, as they first come to mind, but also in the manifold small scale mines, with an estimated 13 million labourers worldwide exposed to substances such as dust, mercury and other chemicals, while also dealing with poor ventilation, inadequate space and overexertion. But is the number of severe accidents and diseases inevitable or can we change this situation? We can make mining sustainably safer, but we need a successful strategy to do so. A high potential lies in Vision Zero. Vision Zero is a prevention strategy for a safe future without fatal or serious occupational diseases, work accidents and traffic accidents. First defined as early as in the 19th century by Eleuthère Irénée du Pont, its very successful elements were adopted by many European countries first aiming at road safety, then extended to safety and health at work. Vision Zero?s holistic elements cover technology, workplaces, rules, and people as fields of action. By focussing on severe and fatal accidents, its application increases the level of safety and health overall.

Aug 1, 2013

By Walter F. Atkins

Fair market value, in the legal sense , is the price which a prudent and knowledgeable buyer and a prudent and knowledgeable seller, acting without constraint or compulsion , will agree upon to exchange an asset. In the ordinary commercial or engineering usage, the term may imply simply the market value or a reasonable and equitable price. The engineer evaluator who is called upon to express an opinion about the fair market value of an asset may be able to base his estimate on the sale price of similar assets or on the market values of stock. Frequently such indicators of value are not available and the evaluator must devise other means of appraisal. Mineral resource properties may be thought of as having value by virtue of the existing or potential ability to produce at a profit. Conventional procedures permit the computation of the present value of future revenues having due regard for the time value of money and the risks attendant upon the realization of the venture. Such computations have gained wide acceptance as a basis for the estimation of fair market value.

Jan 1, 1977