Search Documents

By J. A. Finch, T. Weber

"Bubble size in flotation is strongly influenced by frother concentration in the pulp liquor. There is no accepted method of judging the dosage and thus how effectively frother is being distributed to control bubble size is not known. This will hamper certain plant test work where constant bubble size (e.g., when comparing reagents) is implicit. Bubble size is not easy to measure in plant and gas holdup is suggested as a surrogate in the development of a proposed “meter” to estimate frother concentration. The meter is calibrated to enable frother concentration to be estimated on samples drawn from any location in the flotation circuit. The meter and its calibration are described.As general background the action of frothers in reducing bubble size by retarding coalescence is discussed and the bubble generation systems for which the effect will be important are considered.INTRODUCTIONBubble size is an important variable in flotation. The flotation rate constant k has been related to mean bubble size Db by k % Db -n with n ranging up to 2 (Ahmed and Jameson, 1989) and even 3 (Yoon, 1993). Recent work has introduced k % Sb, the bubble surface area flux, given by Sb = 6 Jg / Db (where Jg is the superficial gas velocity or volumetric gas rate per unit cell cross-sectional area), i.e., n = 1 (Gorain et al., 1998). Regardless of the exact value of n, the significance of bubble size in flotation remains. In many plant trials it will be implicit that bubble size has not changed and attention will focus on other process variables. The measurement of bubble size, or a surrogate, would be useful addition to any test work.The size of the bubbles is influenced by several variables, gas rate, gas injection system (e.g., impeller design and rotation speed in a mechanical cell) and pulp composition (chemicals added, percent solids), but the most important is frother concentration (Harris, 1976). The frother functions by retarding coalescence (see appendix), which acts to preserve the small bubbles generated in the pulp (and permits a stable froth to form on top of the pulp). The measurement of bubble size is thus related to measuring frother concentration. The distribution of frother and whether sufficient (to control bubble size) is reaching the intended parts of the circuit then become important considerations. At present there is no simple way to judge frother concentration in a plant. In this communication we introduce a possible methodology, a “frother concentration meter”."

Jan 1, 2003

By Greg Rasmussen

"Huckleberry Mines Ltd is an open pit porphyry copper-molybdenum mining operation located 120 km south of Houston, British Columbia with a 18,000 tpd milling facility. Huckleberry Mines is owned 60% by Princeton Mining Corporation, the operator, and 40% by Japanese partners.The Huckleberry deposit is one of several porphyry systems located in the Tahts a district of the intermontane belt of British Columbia. The principal economic minerals are chalcopyrite and molybdenite. The ore deposit is split into two ore deposits, the Main Zone, consisting of24,241,000 tonnes of mineable reserves grading 0.484 %Cu and 0.013 %Mo, and the East Zone, consisting of 66, 131,500 tonnes of mineable reserves grading 0.523 %Cu and 0.014 %Mo.The milling begins with gyratory crushing. This sizes the product down to 100% passing 6 inches. This product is discharged onto a stockpile by a stationary conveyor. The stockpile was designed for a capacity of 144,000 tonnes with a live capacity of 20,000 tonnes. Two apron feeders draw the ore from the bottom of the stockpile and discharge onto a SAG mill feed conveyor which in turn feeds a grinding circuit consisting of one 32' x 15' SAG mill and two 30' x 16.5' ball mills. The grinding cyclone overflow feeds bulk flotation at 55 -65% minus 200 mesh.The bulk flotation uses conventional rougher and column flotation methods to float a bulk concentrate recovering 92.6% copper on the East Zone and 95% copper on the Main Zone with 75% recovery molybdenum on both zones. The bulk concentrate feeds the bulk thickener which produces a density of 60 %solids. This in turn feeds the molybdenum circuit, which separates the copper and molybdenum, by depressing the copper then using conventional rougher and column flotation produces a copper concentrate of 27 %Cu and 0.02 %Mo, and a molybdenum concentrate containing 1.5 %Cu and 54 %Mo at 67% recovery. These concentrates are separately thickened, filtered, dried, and shipped to the smelter for processing."

Jan 1, 1998

"Increasing demand for timely and accurate information about flotation plant performance requires metal accountants to increase the scope and reporting frequency of plant production. This trend has brought in-process inventory estimation at the forefront of metal accounting issues. Such significant in-process inventories can be locked in diverse process equipment (bins, holding tanks, flotation cells, thickeners, pipeline, etc.) or in stockpiles (ore, concentrates, tailings, etc.). Practice has shown that boldly ignoring these in-process inventories or the errors associated with their estimation lead to unreliable metal balances thereby creating confusion in plant production planning and operational performance assessment. To this extent, the characteristics (physical bounds, spatial heterogeneity and residence time) as well as the available measurements (volume, density, humidity, mass, composition, etc.) of each unit/section found in a generic flotation plant are jointly reviewed with respect to the particular metal accounting issues they present. The daily and monthly metal accounting tasks are then reviewed together with possible methods for obtaining reliable inventory estimates including different procedures for end-of month reconciliation.INTRODUCTION Most of the cost reduction initiatives of the mining industry aim at improving capital efficiency and asset utilization. Among the possible paths through which these goals can be achieved are mine-to-metal optimization, real-time plantwide process control (Hodouin, 2011) and knowledge sharing databases (Bascur & Linares, 2006). However, the successful implementation and subsequent monitoring will ineluctably results in an increased demand for timely and accurate information. This more than often requires metal accountants to increase the scope and reporting frequency of plant metal production. A striking example of such scope expansion is the Minas-Rio iron ore project in Brazil (Anglo American, 2013) having a pipeline route of 525 km between the concentrator and the concentrate shipping area. Several other mining companies have also set an increased frequency for their key performance indicators thereby shrinking the metal accounting period from monthly to weekly and daily. Those concurrent trends have brought in-process inventory estimation at the forefront of metal accounting issues. Indeed, as illustrated in Figure 1, improving trading reactivity requires improvements in production planning which strongly impacts the requirements for reliable metallurgical accounting. Furthermore, practice has shown that boldly ignoring significant in-process inventories or the errors associated with their estimation can lead to unreliable metal balances. In other words, since metal balances are the cornerstones of metal accounting, some of the risks associated with important business decisions are linked to errors associated with in-process inventory measurements."

Jan 1, 2014

By E. W. Johnson

"The title of my paper is ""I 'Wonder Where The Yellow Went"". As you can readily guess, it is not related to an old-fashioned ""Pepsodent"" sales pitch! Rather, it concerns a situation which arises all too frequently in some gold milling operations, namely when actual ounces of gold production do not come up to estimated or projected ounces. The boss man scratches his head and wonders where the missing gold has gone and how it has disappeared. The problem, if one exists, is amplified if one forgets that an estimate is just that - an estimate - and not a hard fact - even though the numbers are produced by computers. And yet, from the point of view of engineering; financial and production planning and security; it is most desirable to tie together all data relating to production estimates, losses and actual production.In the course of this paper reference will be made to the term ""variance psychology"", to a few of the physical properties of gold and to the nature of its occurrence in Canadian ores, in relation to the topic under consideration. Activities which have a bearing on production estimates will be reviewed. These include: weighing, sampling, assaying, estimating residual losses and, in cyanide plants, gold precipitate production. Mention will be made of apparent, unaccounted for and unknown losses. In conclusion, I shall draw from personal experience and relate three examples of ""Where the Yellow Went''."

Jan 1, 1986

By H. E. Urtubia

"BHP-Billiton’s Minera Escondida Limitada, in Chile, is one of the world’s largest copper producers. It treats a combined 10,500 tph of copper ore through its two concentrators: Los Colorados and Laguna Seca. The performance of the rougher circuit at each concentrator was measured and analysed using the JKTech flotation optimisation methodology. This involved developing a flotation model for each concentrator based on cell operating parameters (for example bubble surface area flux and froth recovery) and feed ore floatability characteristics. The rougher circuit performance was evaluated in terms of traditional measures, such as grade and recovery. The operation was also analysed using the measured cell operating parameters and ore floatability and the effect of these with regard to performance (grade / recovery) was assessed.This paper presents a comparison of the rougher circuit at each concentrator in terms of these parameters. The main differences in rougher circuit performance between the two plants were attributed to differences in feed ore floatability characteristics and froth recovery. The comparison highlighted opportunities where performance improvements could be made. The study also showed the usefulness of separating the flotation process into easily measurable subprocesses to further identify the different mechanisms occurring in each rougher circuit. Traditional measures like grade and recovery are useful for monitoring flotation operation but this data lacks the depth to determine the root cause behind operational issues. Determining the operating parameters and ore floatability provides the operating plant metallurgist better tools to assess and manage these issues."

Jan 1, 2006

By R. H. Colquhoun, A. W. Bolland, H. J. H. Pieterse

"American Barrick Resources Corporation acquired the goldstrike property in north eastern Nevada in early 1987. Since that time, the company has undertaken an extensive development program. This paper will overview the milling, autoclaving, and heap leaching facilities which are part of the $400-million Betze development plan. Gold production at the Mine has increased from 40,000 ounces per annum in 1987 to more than 500,000 ounces in 1991. And in 1992 Goldstrike will be the single largest North American gold mine when it produces 1,000,000 ounces.1. SUMMARYAmerican Barrick Resources Corporation acquired the Goldstrike property in northeastern Nevada in early 1987. Since that time, the company has undertaken an extensive development program. This paper will overview the milling, autoclaving, and heap leaching facilities which are part of the four year, $440- million Betze Development Plan. Gold production at the Goldstrike Mine has increased from 40,000 ounces per annum in 1987 to more than 500,000 ounces in 1991. In 1992, Goldstrike will be one of the largest North American gold mines, when it produces appro approximately 1,000,000 ounces.2. INTRODUCTIONAmerican Barrick Resources Corporation is in the process of developing the Betze gold deposit, located on Barrick's Goldstrike property in the Carlin area of Nevada, U.S.A.The Goldstrike Mine has 17.9 million ounces of proven and probable reserves and an additional 460,000 ounces of possible reserves. Additionally, the Purple Vein deposit, one mile north of the Mine, is expected to add at least 4 million ounces of reserves by year end 1991.The Goldstrike ore body contains both oxide and sulphide ore. The largest part of the reserves are contained in the high grade, deep sulphide ore. Mining of the sulphide ore contained in the Betze deposit involves the removal of large quantities of overlying oxide ore. Oxide ore is treated through one of the following processes:-"

Jan 1, 1992

By Dara L. Hrytzak-Lieffers

Canada has long since been a place that has led the world in mining development, in a safe, clean, and sustainable manner. This has led to the integration of corporate social responsibility (CSR) philosophy in corporate governance, policy, and programming. The paper will identify the basis of CSR practise in Canada?s mining industry and provide a Canadian example of CSR implementation. Biography Dara Hrytzak-Lieffers is the manager, corporate social responsibility at Cameco Corporation. She oversees corporate CSR initiatives including the Sustainable Development report and public engagement programs. Dara received her BA in International Studies from the University of Saskatchewan and an MA in International Conflict Analysis from the Brussels School of International Studies. She is a recent graduate of the World Nuclear University summer institute.

May 1, 2011

By Y. Mudryk, D. Paudyal, K. A. Gschneidner, V. K. Pecharsky, M. Khan

"Rare earth intermetallic compounds are utilized commercially as magnetic and battery materials, electron gun electrodes, etc. Several of these intermetallics will be briefly discussed. There are many other rare earth intermetallic compounds which are not utilized industrially but have unusual properties which are of fundamental interest and may have future technological applications. Several of these materials are discussed as well.INTRODUCTIONTens of thousands of rare earth intermetallic compounds exist, but physical properties (primarily their magnetic behaviors), other than their crystal structures have been measured for only a small percentage of these materials. Among these are the commercially important compounds: Nd2Fe14B, and the SmCo5 – Sm2Co17 family – well known high strength permanent magnets; (Tb0.3Dy0.7)Fe2, Terfenol-D, a giant magnetostrictive material; LaNi5Hx a critical component of the rechargeable Ni metal hydride batteries; and LaB6 an electron emitter. There are, however, many other intermetallic compounds which are not utilized industrially, but none-the-less, exhibit interesting, and sometimes, exotic physical properties which are of fundamental interest and may have some future technological significance. These include: the giant magnetocaloric effect compounds Gd5Si2Ge2 and La(Fe13-xSix)Hy; the RCu and RAg families of ductile intermetallics; the mixed intra-lanthanide (R,R')Al2 compounds in which magnetic transitions disappear and reappear as one R is substituted for by R'; and GdNi which exhibits large dilations along two crystallographic directions and a larger contraction in the third direction at the Curie temperature resulting in zero volume change as GdNi orders magnetically via a second order phase transition.COMMERCIALLY IMPORTANT INTERMETALLICSNdFeB Permanent MagnetsThe Nd2Fe14B permanent magnets were discovered in 1984 independently in the USA and Japan. It is a ferromagnet and with proper heat treatment and processing Nd2Fe14B is the strongest near room temperature permanent magnetic material known today. This intermetallic compound is utilized as a permanent magnet in many applications, such as electric motors (e.g. the modern automobile contains up to 35 electric motors), spindles for computer hard disc drives, microphones and speaker magnets for cell phones and other audio equipment, direct drive wind turbines, actuators, and Magnetic Resonance Imaging (MRI) units. There are two kinds of NdFeB permanent magnets – bonded and sintered. The bonded magnets have a lower magnetic strength than the sintered magnet. The highest strength magnets are obtained by small substitutions of Dy (up to a maximum of 10%) for Nd, because Dy can significantly increase the coercivity and thus the energy product (a measure of the magnetic strength or hardness). The bonded magnets account for about 12% of the NdFeB market (~82 metric kt per year, containing ~20 kt/a of Nd). The NdFeB permanent magnet market is growing at a rate of about 15% per year. (Burzo & Kirchmayr, 1989; Kobayashi & Hirosawa, 2001; Coey, 2011)."

Jan 1, 2012

By David Whittle

When does a project with questionable viability, warrant further investment? There are cases in which projects, which evaluate to a negative mean probable value, are worth investing in. There are also cases in which projects that evaluate to a positive mean probable value, should not be invested in. The author will present a model for ?project-control?which includes an adaptation of a well know grade-control concept. Comments on Resources and Reserves ?Resource and Reserve estimates are based on positive information (43-101). ?Reserve and Resource confidence qualitatively assessed. ?U.S. Geological Survey (USGS) recognizes Undiscovered Resources (U.S. Geological Survey 2003).

May 1, 2006

By Sebastián H. Troncoso

Open pit mine planning is normally based on the selection of an economic envelope that has been generated by the Lerchs & Grossman algorithm, which requires individual economic valuation of each block of a geological block model. The selected envelope, usually called Final Pit, is later discretized in pushbacks and benches, which correspond finally to the fractions that the production schedule will allocate in time. This planning methodology has been widely used by the mining industry in countless projects to exploit open-pit mines, however, in many of the deposits can be found some undesirable elements such as arsenic, phosphates, ash among others that tend to reduce the value of elements of economic interest, either by disrupting the processes of concentration or as deemed impurities that affect the quality of the final product. Thus, a fair amount of blending would be required to capture the real value of the ore body. The traditional approach under estimates a block value by penalizing the block value by the amount of contaminant even when at the mine a set of blocks is amine at a time. This paper proposes a methodology for computing cut off grades over time that would maximize net present value allowing blending that should fulfill a set of metallurgical constraints. Preliminary results show significant increases in value and reserves quantity, questioning the use of fixed cut-off grades in generating a production schedule when blending applies to fulfill a set of geometallurgical constraints. Finally, the model allows the authors to show the importance of having adequate planning tools that will lead to the ability to look at the potential economic value of a mineral deposit.

Oct 1, 2009

By Larry A. Morris

The environmental impacts of industrial activities have become very serious concerns of the public over the past few decades. Not surprisingly, governments have responded with legislation and regulations to force industry to operate in a more environmentally responsible manner and, more recently, have prompted industry to initiate voluntary measures in response to specific environmental issues. The concept of Product Stewardship has evolved as a system or vehicle for the industrial sector to demonstrate an active concern about the environmental impact of their products, services and processes.

Jan 1, 1996

By Larry A. Morris

The environmental impacts of industrial activities have become very serious concerns of the public over the past few decades. Not surprisingly, governments have responded with legislation and regulations to force industry to operate in a more environmentally responsible manner and, more recently, have prompted industry to initiate voluntary measures in response to specific environmental issues. The concept of Product Stewardship has evolved as a system or vehicle for the industrial sector to demonstrate an active concern about the environmental impact of their products, services and processes.

Jan 1, 1996

By Steve Wilkinson

"""Techniques for coarse-particle beneficiation of some gold ores and methods for determining potential for sorting any gold ore deposit.""With the advent of high speed computers, laser technology end different types of electronic sensing devices, ore sorting machinery has been developed, capable of handling significant tonnage rates while maintaining high level efficiency. Gold ores may be amenable to coarse-particle beneficiation where there exist measurable criteria upon which there can be recognition of auriferous versus barren lumps in the run of mine. Three types of criteria are suitable for sorting and are:i) Photometric - optical variance between ore and waste such as vein ores hosted by barren country rock;ii) Conductivity/Magnetic - based upon the metallic mineral content of ore end waste, and its association with Au, such as found in sulphide/arsenide Au ores,iii) Radtometric - detection of natural gamma activity occurring with uranium-bearirig gold ores.The method for determining the sortability of an ore depositconsists of, at least, three stages:i) Initial stage identification of ore and waste types,mineralogical/petrographical associations,amount of dilution in P.O.M.establishment of any sorting criteria]"

Jan 1, 1985

By S. Belair, V. Weigel

As a growing mining company, ERAMET is looking for new positions on the strategic metals market. In this context, the Gabonese Maboumine pyrochlore deposit is currently being studied for the recovery of niobium, tantalum, rare earth elements (REE), and uranium. This ore shows mineralogical and chemical characteristics that make it challenging to process by already known practices, from both technical and economic points of view. In this context, ERAMET has developed since 2008 an innovative hydrometallurgical process which has been successfully operated at a pilot plant scale. While the upstream part of the process aims to dissolve the valuable elements in sulphuric acid, the downstream part of the process aims to recover them separately in a marketable form. The focus here will be on the recovery of the REE. The ore deposit contains approximately 1.4% of REE including 87% of light REE and 13% of medium-heavy REE. The challenge in this process lies in the fact that the major elements in the matrix are iron and aluminum. An innovative process has been developed in order to recover all of the REE in these unfavourable conditions, described in this paper.

Jan 1, 2014

By Robert S. MacPhail, Chilombo Henry, Arnold Kabamba, David Mukelebai, Suresh Thirunagari, Bukali Victor, Yoram Kapai, Chomba Leonard, Kanna Amarasingham

"FLEX 31 is a chemically enhanced sodium isopropyl xanthate. Developed by Charles Tennant & Co (Canada) Ltd and has shown improved collection properties over SIPX for sulphide minerals flotation. Improvement of recoveries, grades, faster kinetics, lower dosages, high pyrite and pyrrhotite rejection capabilities have all been exhibited by FLEX 31. Recent plant trial carried out in the copper circuit at one of the largest copper mine in Zambia shown over US $ 2.00 Million annual improvement on the bottom line over SIPX at current copper prices. Data produced also showed superior grade and recoveries from rougher concentrates that previously had not been attainable with other reagents effectively. Flex 31 has also shown positive outcomes with zinc, Copper/Zinc, arsenopyrite and copper/molybdenum ores.IntroductionSodium Isopropyl Xanthate (SIPX) is one of the most popular flotation chemicals on the market today. Somewhat more specific than amyl xanthate, SIPX is used in a variety of ores like copper/zinc, lead/zinc, arsenopyrite/pyrite, and many others (Melis et al., 1991). An investigation carried out by the research division of Charles Tennant & Company (Canada) Limited has produced a chemically enhanced SIPX. This product has shown all the advantages of normal SIPX along with improved recoveries of copper and copper activated minerals. The product was named “FLEX 31”."

Jan 1, 2016

By Ronald Molnar

"High demand for metals is driving the exploitation of lower grade and more complex orebodies. These projects are often the initiatives of junior mining companies with limited financial resources. In addition, existing operations seek to enhance revenue from their existing metal recovery operations, through the production of value-added by-product metals and chemicals. Typically, hydrometallurgical circuits, often with novel chemistry, are required to exploit these new ores, to produce the multiplicity of products that will make a marginal project economical, or to increase the product range of an existing operation. Often, the mineral processing engineer is given the task of coordinating the development of a back-end hydrometallurgical flowsheet for their mineral processing project. This paper discusses the objectives that companies have when they commission the operation of a hydrometallurgical pilot plant. The paper goes on to enumerate some of the principal differences between mineral processing and hydrometallurgical pilot plants and the effect these have on the design, operability and potential pilot plant outcomes. Important factors include working with chemically reactive solutions and pulps, elevated temperatures operation, changing rheological properties of slurries, the complexity of integrated circuit flowsheets with long hold-up times and multiple recycle streams, and the need in some cases for extreme attention to purity and cleanliness. Examples will be drawn from the extensive experience base of SGS Minerals Services at the Lakefield site, in piloting both mineral processing and hydrometallurgical process flowsheets.INTRODUCTIONWe are currently experiencing a period of strong growth in the demand for metals. This in turn is turning the spotlight on a great many smaller mining companies and mining promotion ventures trying to tap into the rising metal demand. Some of these companies want to develop their properties and recover metals while others want to develop to the point that a major company will take an interest, or in some cases buy them out completely.With the heightened interest in metals, many orebodies that have been known about for years are being reconsidered for exploitation. Often, the reason they have not been developed to date is because of difficult metallurgy and marginal grades leading to marginal economic viability. In both cases the key that unlocks the resources is often the application of a novel metallurgical flowsheet, often a hydrometallurgical flowsheet."

Jan 1, 2006

By S. Banisi, M. Poorkani, M. Farzaneh, M. Askari

"At the Sarcheshmeh copper mine 40,000 t of ore per day with an average grade of 0.9 % Cu is ground to 70% passing 75 microns. Grinding is effected in 8 parallel lines of 8 x 5 m ball mills in a closed circuit with cyclones. The make-up balls are 80-mm forged alloy steel balls and the average ball consumption is 750 gh of ore ground. In order to optimize ball size distribution inside the mill, based on the previous investigation instead of using only 80 mm make-up balls a combination of 80 and 60 mm (75% to 25% by weight) ball charge was used in one of the mills. To evaluate the performance of three ball types namely forged alloy steel balls (A), ductile cast iron (C), high chromium cast iron (D) and also a combined (80 and 60 mm) charge of forged alloy steel balls (B), four identical parallel mills were charged accordingly. These four mills were sampled during a period of six months. The amount of material finer than 75 microns of cyclone overflows was selected as a criterion for the performance evaluation. It was observed that in a mill with the combined make-up balls the amount of fine produced was 4% higher than the other mills. The consumption of ball types A, C and D were 730, 710 and 534 g/t, respectively. The results of laboratory flotation tests showed that due to an improvement in the production of fines an increase of 1.4% in the overall copper recovery is obtainable. Due to the promising results, the new make-up ball regime was implemented in all mills in the plant.INTRODUCTIONThe Sarcheshmeh copper ore body which may rank as third or fourth largest in the world contains 1 billion tonnes averaging 0.90 % copper and 0.03 % molybdenum. It is located southeast of Iran and has been processing 40,000 t/d of ore since 1982. The mine produces 100,000 tonnes of copper and 2,200 tonnes of molybednite concentrate per year. After three stages of crushing, the ore with a F80 of 12.7 mm is fed to 8 parallel ball mills in closed circuit with cyclones to produce a product 70% finer than 75 microns. The concentrate of the first stage of flotation is reground and the tailing constitutes the main component of the plant final tailings. A concentrate with an average grade of 31% Cu is obtained after cleaning and re-cleaning stages. Total recovery of the plant varies between 83 and 87 % depending on the operating conditions and ore type."

Jan 1, 2002

By James Mackie

The Vancouver Stock Exchange (VSE) has been providing venture capital for start-up companies since 1907. Ninety years' experience in the junior mining industry has enabled the VSE to develop policies and procedures tailored to the unique needs of start-up companies. Policies and procedures applicable to listed companies are documented in the Corporate Finance Services Department "Policy and Procedures Manual." Approximately 50% of the companies listed on the VSE are in the mineral exploration and development business. The largest number are exploring base metal, precious metal or diamond properties. A recent count shows that about 20 companies are exploring industrial mineral or non-metallic deposits. The minerals sought by these companies include limestone, decorative stone, building stone, lava rock, wollastonite, zeolite, garnet and graphite. There are two basic routes to obtaining VSE financing for an industrial mineral property. The owner can either sell an interest in the property to a listed company or form a company and have it listed on the VSE. In each instance, the listed company is responsible for raising funds to develop the property. A typical financing consists of the sale of company securities byway ofeitherprivate placement or prospectus offering.

Jan 1, 2001

By Earl Sweet

This overview of economic and financial market prospects examines the current and future state of the global and Canadian economies with a focus on commodities. Housing prices and global conflicts all have effects on the overall economy and metal prices and mining developments in particular. This presentation outlines where we are today and where the author and BMO see the economy moving over the next few years.

Jan 1, 2016

By Rodolfo Espinosa Gómez

"Industrias Peñoles, S.A. de C.V. – Mining Division, has initiated in the last ten years, six Mining Operations (Bismark, Tizapa, Ciénega, La Herradura, Rey de Plata, and Francisco I. Madero) and it has expanded several of their existing Operations (Sabinas, Fresnillo, Tizapa, Ciénega) one or more times.This work aims to share the experiences learned on this growing process. Some of these lessons are: 1) Project leaders must have a leadership that fosters good communication and team work; and this leadership style must come from top management. 2) A good communication must exist between the personnel from Engineering, Construction, and Operation. Also, this good communication must come from top management. 3) Starting the project with a solid Engineering Study. 4) Do not misunderstand cost with cost/benefit; always look at the cost/benefit. 5) Selecting good Contractors and good Suppliers. 6) Good training before the project commissioning is essential to reduce the learning curve period, this is even more important in areas where local people do not have any background in mining activities. 7) Recognizing that any project has a learning curve and it must be reflected on the production budget. 8) Avoid an over optimistic Mine preparation time schedule.BACKGROUNDIndustrias Peñoles S.A. de C.V.The mission of Industrias Peñoles, S.A. de C.V. (Peñoles) is to add value to non-renewable natural resources in a sustainable manner. Peñoles seeks to build long-term shareholder value; provide their customers with the highest quality products and services; maintain productive longterm relationship with their suppliers; develop and promote the capabilities of their personnel; foster mutually beneficial relationship with the communities in which it operates, and preserve the environment.Peñoles was established on 1887. It is a Mining Group with integrated Mining, Smelting and Refining operations of non-ferrous metals, and also produces inorganic chemistry materials. Peñoles is the main World producer of refined silver, metal bismuth, and sodium sulphate; Latin American leader in the production of refined gold, lead, and zinc.The Mining Group is made-up of nine mining operations producing concentrates with high gold, silver, lead, zinc, and copper contents. It produced in 2002, 365,900 ounces of gold; 52.7 million ounces of silver; 86,820 tonnes of lead; 266,000 tonnes of zinc, 11,840 tonnes of copper; with a total values of 3,780.6 million of Mexican pesos (~ $ 378.0 million U.S. Dollars)."

Jan 1, 2004