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By L. D. Smith

Net Present Value Impact of Discount Rate The Discounted Cash Flow (DCF) method of valuations is universally used and accepted. The main criticism of the method is that it does not recognize the value of projects long life projects. This can be seen in the preceding graph where the present value of cash flows in later years are small for discount rates over about 10%. This graph covers a project that has a 25 year operating life. It is clear from the low height of the NPV bars at 10% and 15% in the last years of the project that an additional 25 years would add almost no value to total project NPV. As an example of this effect, an colleague undertook the evaluation of a pulp and paper project. The plant could be justified, but it was not possible to justify planting the trees as they took too long to grow and so had not appreciable NPV. The plant had to purchase wood to feed the plant.

May 1, 2013

By P. O. Sandstrom

"Atlas Copco is introducing a new patented method for full-face boring. This paper presents the basic principles of the boring action and discusses the present experience regarding performance and costs. The Atlas Copco ""Full-facers"" are designed for hard-rock applications, although they are successfully boring in soft ground without major changes. The unique patented boring principle referred to as the 'Undercutting Method' permits these machines to bore, economically, in harder ground than machines based on the 'crushing principle'. This is mainly due to considerably lower cutting-tool costs, as the tungsten carbide tips only are in contact with one-third of the bored volume. The remaining rock is 'undercut' and peels off from a slight back pressure.The undercutting method also permits boring of non-circular headings and Atlas Copco has already manufactured two machines for rectangular drifts. This concept could revolutionize development work in mines employing trackless equipment."

Jan 1, 1971

By Gordon Sproule

THE papers presented to the Institute, and published in the BULLETIN, in the past three years, may be classified as follows: Geology, Mining, and Milling 89 or 58.5 per cent Smelting, Refining, and Refractories 17 " 11.2 " Mechanical and Physical Metallurgy 7 " 4.6 " General (Economics, Welfare, etc.) 39 " 25.7 " Total 152 100 These figure~ should be excuse enou.gh for. the present paper. As indicated by the title it is proposed: I.-To review briefly some of the more recent developments of Physical Metallurgy; and 11.-To show how Physical Metallurgy functions as the link between mining and production metallurgy on the one hand, and consumption engineering on the other hand. Io these days of specialization, papers of the kind being considered mostly gravitate to the American Society for Metals, the American Society for Testing Materials, the Institute of Metals, and the Iron and Steel Institute. In proof that there is a place for the newest and most specialized of these societies, the American Society for Metals, it may be said that in the Montreal Chapter there are 200 active members, and in the Ontario Chapter more than 200. Yet the overshadowing glamour of the mining industry proper, and the publicity it receives, result in an almost continuous dearth of students in metallurgical engineering at our universities. There are more jobs than graduates.

Jan 1, 1936

By A. R. Sorta, D. C. Sego

ABSTRACT Temperature, solute, texture, and thixotropic effects on time domain reflectometry (TDR) measurements of water content in oil sands tailings are investigated. Results indicate that TDR water content measurements are influenced by temperature, residual bitumen, and percent clay in the tailings. A correction of 0.03–0.10/ °C must be applied to the apparent dielectric constant (Ka) to account for the effect of temperature. The Ka-volumetric water content relationships of slurries differ significantly from the commonly used Topp calibration equation. The age of the tailings and the addition of phosphogypsum did not influence TDR water content measurements.

Jan 1, 2013

By D. Lunt

Telfer bulk concentrates typically contain 8% chalcopyrite, 8% chalcocite, 45% pyrite and 80-120 g/t gold. Although very high copper and gold recoveries can be obtained by subjecting the concentrate to a "conventional" high temperature pressure oxidation step followed by copper recovery by solvent extraction and electrowinning, and cyanidation of the leach residue for gold recovery, the cost of lime required for neutralisation and power for oxygen generation was such that the process was uneconomic in terms of operating costs. The challenge therefore was to develop an alternative flowsheet that maximised copper and gold recovery in which the reagent costs were commercially attractive. An additional objective was to reduce the capital cost so that the overall NPV and IRR values would enhance the economic viability of the total project. Following a series of batch and locked cycle testwork programs, supported by Metsim modelling, it was established that the same high levels of overall copper and gold recoveries can be obtained by use of a novel two-stage split leaching circuit in which the chalcocite component is leached in a low temperature (90-110°C) circuit with the chalcopyrite component treated in a high temperature (220-250°C) circuit. This split circuit has a number of advantages, including minimising the required capacity of the high temperature autoclave, as well as reducing the overall lime consumption and simplifying the total process water balance. The paper outlines the basis for the development of the flowsheet and discusses the integration of the leaching stages into the overall circuit.

Jan 1, 2004

By R. P. Chapman

The geochemical interpretation of results of statistical analysis of published multi-element stream sediment data from southwest and northern New Brunswick is presented. Element concentrations in southwest New Brunswick are low and comparable to element concentrations in background areas in northern New Brunswick. Deposits of copper and nickel are indicated in southwest New Brunswick. Anomalous element concentrations occur in several areas in northern New Brunswick and the elements most commonly associated with these anomalies are Cu, Pb, Zn, As and Ag; and also Mo, Wand Sb. Bedrock geology greatly influences element concentrations and may cause false anomalies. Manganese has a pronounced effect on the dispersion patterns of Co and also Zn, Mo, Pb, As, Ba and Ni. Nickel and Cr are strongly sympathetically related and this association is independent of bedrock type.

Jan 1, 1977

By Real Daigneault, François Robert, J. Paul Golightly, Jean-Yves Cloutier, Jayanta Guha, Pierre Pilote

"The Casa-Berardi East, Center and West deposits, located in the Archean Abitibi, Sub province, are hosted by volcanic and sedimentary units of varying compositions, less than300 m from the Casa-Berardi fault (CBF). The CBF, a brittle structure, represents an increment in the structural evolution of a regional-scale deformation zone showing ductile-brittle behavior known as the Casa-Berardi deformation zone (CBDZ). The CBDZ is characterized by a mylonitic Sc1 foliation which is folded a.n4 deformed by a later sczfoliation in high strain zones.Four generations of quartz vein and fracture systems have been recognized within the Casa-Berardi deposits. Most economic gold mineralization, occurring in the second generation system, is found within high strain zones. This system hosts three types of mineralized structures: (1) banded quartz veins; (2) swarms of veins and mineralized host rocks; and (3) disseminated sulphides along fractures. An early carbonate hydrothermal alteration zone (pre- to syntectonic) surrounds the deposits. Alteration associated with gold mineralization is contemporaneous to late ( syn- to post-tectonic) relative to the development of progressive deformation in the CBDZ. The geological characteristics and paragenesis of the four quartz vein and fracture systems developed as an integral part of the geodynamic evolution of the Casa-Berardi deformation zone."

Jan 1, 1990

By G. F. Flaherty

THE property of Tashota Goldfields, Limited, in the Lake Nipigon area, Ontario, is located about 4 miles west of Onaman lake and 16 miles by winter road south-southeast of Tashota station on the transcontinental line of the Canadian National railways. The mine, formerly developed to a limited extent under the name of Tashota Gold mine, has, since late in 1933, been under the management of Minefinders Limited, who, in 1935, brought it into production on a 60-ton per day basis. During the winter of 1934-35, the writer was geologist at the property. The geological structure in the immediate vicinity of the mine workings lends itself well to analysis on the basis of the mechanical principles of folding. Since structure is of prime importance in the localization of the ore-shoots and of the host shear-zones at the property, the correlation of all structural details and their mechanical interpretation forms a working hypothesis of structural control for the direction of exploration and development work. It is believed that the structural relations here set forth may be found applicable in part, or at least suggestive, in working out the relations of ore-shoots to structure in the Sturgeon River area to the south, and in the Little Long Lac area to the southeast (Figure 1).

Jan 1, 1936

By D. D. Campbell

The Hat Creek coal deposit s occur within folded and faulted Tertiary (Eocene) strata of the Coldwater Group, which comprises weakly lithified shales, siltstones and conglomerates underlying the floor and lower flanks of the valley of Upper Hat Cr eek . This upland valley,16 miles in length and 2-4 miles in width, is located within the eastern foothills of the Coast Mountains, 120 miles northeast of Vancouver, approximately midway between the towns of Lillooet and Ashcroft, in the Interior Dry Belt of British Columbia . Most of the valley floor is covered by till and glacial outwash deposits ranging up to 500 feet in depth. Became of this overburden cover , the majority of the data on the coal deposit have been obtained from diamond drilling done during 1974?76 by the property owner, B .C. Hydro and Power Authority. Because of the limitations imposed by the lack of out crop, the Tertiary geology at Upper Hat Creek is imperfectly known; however, it appears from correlation with other coal-bearing Tertiary remnants in the southern interior of the province that these remnants, including Upper Hat Creek, may represent preserved segments of the western shoreline of a Tertiary continental sea along which deltaic swamps developed and were sustained for unusually long stable periods, giving rise to the world's thickest known coal beds.

Jan 1, 1977

By Arthur Notman

Since addressing the Institute a year ago on The Future of the Copper Industry (l), many things have happened, most of them bad. It has been a hard year for profits and prophets. It was, therefore, with consider-able perturbation that I accepted the gracious invitation of your Committee to reappear. On reviewing my remarks of a year ago, I. have wondered whether, under pressure of more important matters, the Committee had neglected to make a note of them, or whether they felt that further explanations from me were in order. In either event, I am glad that I am here and welcome the opportunity to make any contribution I can to a clearer understanding of the problems of copper to those concerned. The English-speaking nations own 80 per cent of the present world-production of the metal. Col. P. E. Barbour, Secretary of the Mining and Metallurgical Society of America, and I recently completed an estimate of the known world resources of copper. We placed the figure, in round numbers, at 100,000,000 tons of metal. Of this amount, about one-third lies in the United States, one-third in the British Empire, and one-third in South America; and all but 4 per cent of this is owned by British Empire and United States capital. Our figures do not include any estimates for Russia, Japan, or Europe, on which there are no available data. It is true, consequently, that the British Empire and the United States are the ones concerned. It seems to me to be a matter of great importance to the world at large, and of even greater importance to those nations themselves, that the known sources of supply of this metal, so essential both in peace and war, rest so strongly in their hands. I cannot believe that in the long run they will neglect their responsibilities in the wise administration of these resources.

Jan 1, 1932

By C. O. Staples, J. G. Morrow

The application of cationic flotation to the upgrading of magnetic concentrates was investigated in the laboratory by both batch and continuous test procedures. It was found that the collection of coarse gangue particles with amine, heretofore considered a serious obstacle to this particular application of cationic flotation, is greatly enhanced by a drastic reduction in what might otherwise be considered normal impeller speed. Gangue flotation is in-dependent of variations in the rate of aeration. The collector and Crother additions and the impeller speed which favour the formation of a matte froth yield optimum results.

Jan 1, 1966

By Lawrence Devon Smith

"This paper examines the impact of the various assumptions that go into an economic evaluation, and shows how these can be combined to show an exciting result that may not really exist. An example of an embellished case (the kind that one frequently sees when projects are being promoted) is developed and the cumulative impact is analysed to show the actual project underneath. The paper also points out some areas to watch for overly optimistic assumptions such as prices, inflation, and debt. The concept of a ""bare bones"" base case is proposed (constant metal prices, constant dollars, no inflation, no debt, no interest, on a project basis, after tax) as a common reference point.As well, the discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk.INTRODUCTIONOften, the first time that all of the technical and economic data for a mineral project comes together in one place is when the economic evaluation is developed. This typically happens when work on the project has progressed to a sufficient level of detail that the effort to produce a year-by-year cash flow is justified, usually at the pre-feasibility or feasibility study stage. The data involved will include:• production; tonnes waste and ore mined, ore grade, mining recovery, metallurgical recovery, metal sold• revenue; metal price, smelting & refining charges, marketing costs• operating Costs; mining, milling, administration, fees, royalties• capital Costs; exploration, development, construction, indirect costs (engineering, management), contingencies, start-up, inventories, working capital, replacement and sustaining capital, closure costs• taxes and royalties• exclusions; depreciation (this is not a cash item), sunk costs (only costs going forward)."

Jan 1, 2003

By J. S. Laskowski

Anisotropic minerals are important constituents of many ores. This group includes both valuable minerals (e.g., molybdenite in Cu-Mo ores) as well as gangue minerals (e.g., talc in platinumbearing sulphide ores in South Africa, graphite in Cu-Ni sulphide ores in Canada, chrysotile in Ni sulphide ores in Australia, and clay minerals in all types of ores). Aqueous suspensions of anisotropic minerals exhibit different properties than suspensions of isotropic minerals. The presence of anisotropic minerals in flotation circuits affects the flotation process.

Jan 1, 2012

By D. Ling, Santos. R. M., T. Van Gerven, M. Guo

The valorization of alkaline waste materials from thermal processes utilizing intensified mineral carbonation routes is investigated. The principal advantages of this approach are the chemical stability and storage safety of mineral carbonates, the opportunities for process integration presented by the technology, and the potential for conversion of low-value materials into useful products. Treatment and disposal of steel slags are a costly burden on steel plants. Sustainable solutions for Argon Oxygen Decarbonisation (AOD) and Continuous Casting (CC) stainless steel slags and Basic Oxygen Furnace (BOF) steel slag are desired. An integrated on-site mineral carbonation approach is envisaged as a favourable solution.

Jan 1, 2011

By K. Hardy

As part of Inco's $115 million Fluid Bed Roaster SO2 Abatement Project, a new weak acid treatment plant (WATP) was constructed to treat bleed solutions from the Copper Cliff Smelting Complex gas-cleaning circuits. The WATP produces an iron-arsenic co-precipitate, termed "basic ferric arsenate" (BFA), which requires disposal in an environmentally acceptable manner. Following analysis of many potential options, the short-listed disposal alternatives were: A) Co-disposal of the BFA?gypsum sludge with rock tailings, a portion of which would be used in mine backfill, with the remainder being sent to the tailings area, and B) Co-disposal of BFA?gypsum sludge with pyrrhotite tailings in the tailings area. Testwork showed that the addition of BFA?gypsum sludge to mine backfill samples increased the uniaxial compressive strength (UCS) of the backfill for most samples, especially those at lower binder content ratios. Extensive analysis was conducted on samples taken from the Copper Cliff tailings area, where BFA?gypsum sludge from Inco's Copper Refining Electrowinning Department has been co-deposited with pyrrhotite tailings since 1990. Pore water samples from these areas contained very low arsenic concentrations, indicating that the arsenic had remained stable in that environment. Ultimately, co-deposition with pyrrhotite tailings was chosen as the preferred option for the disposal of BFA?gypsum sludge from Inco's new WATP.

Jan 1, 2006

By A. E. Wraith, J. Protheroe Jones, P. J. Mackey

The world’s first copper electrorefinery started production in 1869 at Burry Port in South Wales. Built within the Pembrey Copper Works which had commenced smelting operations in 1849, the new refinery was based on principles described in the British patents issued to J.B. Elkington in 1865 and 1869. Refining principles and practices pioneered there were key to the foundation of modern electro-refining practice in what is now a dominant international industry producing over 16 Mt of electrical grade copper annually. This paper explores the background to this pioneering application of the new, early 19th century, science of “electro-metallurgy” and examines its links to the contemporary decorative electro-plating industry and to the shortcomings of 19th century fire refining. The beginnings and early years of the Pembrey electrorefinery are briefly discussed in relation to the quality, applications and pyrometallurgy of copper at the time. More than a decade would elapse before the birth of the electrical age: the Pembrey refinery may be seen as one of its vital precursors. Note: This paper was originally published as part of the Copper 2013 proceedings (A.E. Wraith, P.J. Mackey and J. (formerly R.) Protheroe Jones, “Origins of Electrorefining: Birth of the Technology and the World’s First Commercial Electro-Refinery”, paper in Electrorefining, Vol. V, Book 2, (Eds. R. Abel and C. Delgado), Cu 2013 International Conference, pp. 19-33, IIMCh, Santiago, Chile, 2013). It is reproduced here together with a new Appendix and supporting references that lists the year of commencement of the first electrolytic copper refinery by country, 1869 to 1956. It all, the year of the first electrolytic copper refinery established for 15 countries is included. These 15 countries now produce more that 70% of world refined copper (for 2018). INTRODUCTION In the 1840s, the new science of ‘electro-metallurgy’, a term coined by Smee in 1841 (Smee, 1841), was being adapted to the decorative electro-deposition of silver in a thin, bright adherent coating that was evidently equal in appearance to traditional silverware (Williams, 1976). Chief among innovative manufacturers of decorative objects who took up the new art of silver electro-plating was the acclaimed firm of G.R. Elkington and Co. of Birmingham, England. The company, which vigorously developed all aspects of electro-metallurgy for the decorative trade, entered the field of ‘electrotyping’, a technique in which the surface features of a mould are copied on an electro-deposited copper layer which, when stripped off, can be used to reproduce an imprint of the mould. In essence, it is a form of casting by electrodeposition, invented in 1837 independently by Jacobi in Russia (Pavlova, 1968) and Spencer in England (Wyatt, 1851).

Jan 1, 2019

By K. Meyer

"The largest cost centres of the David Bell Mine concentrator are grinding, leaching and effluent treatment. Optimizing results during the 6th year of operation are listed below: o SAG mill slurry density control and operating strategies improved liner life and media consumption by 10 and 25%, respectively.o Poly-met liners clad the SAG mill except for the feed end. Lower noise levels and reduced mill downtime have resulted in an improved and more efficient workplace (time required for liner changes is 2 to 3%).o A comparative grinding media study using seven different marked media at the same time showed media wear rates range 120 to 198 mg/kWh and ball mill charge replacement frequencies of 8.3 to 13.1 per year, and that a meaningful wear test must include all media to be tested at the same time in the same mill. High quality carbon steel cylinders had the best economics.o Pre-aeration, using pure gaseous oxygen is accomplished in pipe reactors. Small bubble generators provide oxygen in the first three leach tanks. 1500 to 3000 kg of oxygen is consumed per day. Leach kinetics have improved and trends indicate increases in gold recovery of three to seven ounces per day at reduced costs. Effects of reduced cyanidation of accessory metals on the effluent treatment plant will be discussed in a separate paper."

Jan 1, 1991

By H. J. McQueen

Before 1950, hot working was simply deforming above the recrystallization point and gave a soft product compared to cold working. From 1960 onwards, improved testing in compression and torsion (stress, strain rate, temperature, quenching) provided valid specimens for microstructural analysis by polarized optical and transmission electron microscopy (TEM). Indeed, TEM was essential to uncovering the hot working mechanisms because it could distinguish between cold and hot substructures (dynamic recovery) in either initial or new grains (dynamic recrystallization). Over the years, teams at Concordia, McGill and UBC obtained NSERC support for students and equipment. CANMET built up a hot forming group having capabilities from high-rate cam-plastometer compression to rolling of experimental alloy billets; this was combined with latest metallographic instruments for fundamental research. Al alloys of every class (2000, 3000, 5000, 7000, 8000) were studied to understand the effects of solutes, precipitates, dispersoids and composites. The complex flow patterns in extrusion were clarified and modeled by finite element methods. Physical simulations of rolling schedules (up to 20 passes and reductions of 98%) by torsion provided evidence of microstructure development during both the passes and the softening intervals, thus clarifying development of texture in different alloys. The results frequently appeared in proceedings of Light Metals symposia and Canadian Metallurgical Quarterly

Jan 1, 2011

By G. H. Robbins

"Originally presented at TORONTO 94, CIM-AGM, this paper has been updated to reflect the present status of business development for theSO2/AIR process. The paper reviews the back-ground leading to the invention, discusses the process chemistry and historically tracks the commercial development. Engineering and cost considerations are presented.IntroductionThe year 1994 was particularly significant in terms of the technical and business development of the INCO SO2/AIR cyanide destruction process. The year marked a decade of service to the world mining community since INCO acquired the Canadian patent in 1984. In that time period, the technology had become widely recognized as the state-of-the-art process in the field of cyanide detoxification and today we enjoy the distinction of having licensed the process at over 50 project sites worldwide. The application for the process has mostly been in the mining industry in precious metal recovery plants where it offers treatment for a wide range of waste streams such as: CIP/CIL slurries, Merrill-Crowe barren bleed solutions and/or re-pulped filter cakes, tailings pond water recycle or discharge, make-up water to flotation circuits and feed to underground backfill plants. The process also applies to the treatment of high cyanide rinsewaters from metal plating shops. More recently the process is being applied to the rinsing and abandonment of heap leach pads where it has proven to be a very cost-effective application of the INCO process. The distinct advantages that have led to the success of the process are the ability to work on slurries as well as solutions and the significantly low cost of sulphur dioxide products. The process is safe and easy to manage and uses all forms of SO2(liquid, gas or salts) which gives the process tremendous versatility with respect to geographic application. Having more than ten years of service"

Jan 1, 1996

By Robert Drummond

Away back in the eighties of the last century, when Sir Charles, then Doctor, Tupper, was not only a prominent but a dominant figure in the political life of Nova Scotia, his opponents brought the railing accusation against him that he was the foremost of egotists because of his frequent use of the personal pronoun. I heard Tupper speak and had no sympathy with the railers, because I could not well see how the pronoun could be dispensed with without laying himself open to a charge of affectation. I shall make reference in what follows to incidents in which I have taken part, and shall be at no pains to dispense with the pronoun, even though thereby I lay my-self open to the charge of being a pupil of the deceased states-man. EVENTS LEADING UP TO THE ORGANIZATION OF THE PROVINCIAL WORKMEN'S ASSOCIATION The Springhill Mining Company began development work at Springhill in the early seventies of last century. So vigorously was the work prosecuted that in 18 7 4 two slopes, the east and the west, were in active operation, with a considerable. output, the east slope on occasional days producing 800 tons. The President of the Company, the late Senator McFarlane, was a Nova Scotian, the other directors were mainly merchants from St. John, N.B. From the first the enterprise was an .astonishing success, due in the greatest part to its geographical position, and in large part to the untiring vigilance of the directors, a majority of whom visited the collieries at short intervals, thereby keeping the manager, much of the time, on tenter hooks.

Jan 1, 1924