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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 L. Juteau

"""The north coast of the St. Lawrence River will be the scene of an industrial development during the coming decades"". The facts which underlie this statement are the occurrences of iron and titanium ore, the abundance of hydro-power and the availability of deep-water ports in this region. Havre St-Pierre, Sept-Iles, Port Cartier and Baie Corneau already exist as major ports and urban centers. The huge quartz deposit at Baie Comeau will be a decisive contributing factor in the development of a metallurgical plant in this area. Due to its purity, it lends itself, first of all, to the manufacture of glass of different kinds, being comparable to the quartz sands now used by the plate glass and glass container industries in the Montreal area, Moncton, N.B., Trois-Rivieres and - in the future - at Bécancour, Quebec. However, its high quality will also make it possible to use it as one of the main basic materials for the production of silicon carbide and ferrosilicon, and as a flux in metallurgical processes. It is intended, in this report, to offer conclusive proof of the economical importance of this large quartz deposit by presenting the results of the studies made to date."

Jan 1, 1971

By V. Casaletto, L. Widdifield

"Equipment capable of higher production requires more sophisticated maintenance programs. Reduction in fleet size through use of modern technology requires higher utilization and greater availability.Caterpillar's maintenance control system program will display the capabilities of computer technology in a maintenance environment. Utilizing such resources will provide increased availability, lower inventory requirements, fewer last minute disasters, and lower cost per ton for maintenance. High production from premium quality equipment can only be realized by good planning and care, executed by maintenance and operating personnel acting cooperatively.IntroductionAccurate information is the key to accurate decision making. In today' s competitive industry, mines' teeter on the brink between profit and loss. Their survival will be predicated on their ability to retrieve, analyze, and formulate accurate information regarding the operating costs of mobile equipment. This paper deals with the impact of managing equipment operating costs and introduces a computerized control system designed for monitoring and controlling these costs.Caterpillar has produced several computerized modelling programs designed at taking the guesswork out of equipment selection and management. The most basic of these is Equipment Investment Analysis (E.LA.). This model compares two or more alternatives over the projected life of the machine. It deals with comparisons in the owning and operating costs of equipment, as well as, their productivity over a specified period of time.In order for a computer model to be credible as a decision making tool, it must be simple to use and the results measurable and accountable . Caterpillar has introduced several computer models to assist the industry in selecting and managing an equipment fleet. These programs allow the user to predict and monitor the operating costs and production capability of mobile equipment. They are often used in the machine selection process to select equipment which best suits a mine's long-term cost per tonne objectives. After the optimum selection is made, Caterpillar's Maintenance Control System provides an efficient management tool to monitor and verify the data used in the selection model."

Jan 1, 1992

By E. A. Rychkun

"For the last 700years of recorded economic history, man has been subjected to alternating inflationary and deflationary patterns. Through this period of time, a severe deflationary pattern has developed approximately every 55 years, creating 12recordable occurrences. Through the last two centuries, this severe deflationary phenomenon has come to be known as a depression. As these depressions have repeated themselves regularly, they are cyclic. This in turn leads to the question of whether the 13th cycle will also repeat itself in the form of a depression. As this cycle is now 51 years old, we must consider the possibility at about 1984.In analyzing a 700-year record of consumer prices in Southern England, the 55-year cycle appears to vary in shape and intensity. This varying phenomenon is due to the effect of longer cycles upon which each one ""rides "". Because each cycle effectively rides on the next largest, which in turn rides on the next largest and so on, the combined measured effect of all cycles together at any point in time is always unique. This means that anyone cycle can never repeat itself in an exact identical manner. The combined effect therefore is what we observe in the form of prices and, as cycles interact, variations in deflation are produced . The ""science"" of economics attempts to quantify and develop theory on situations which are never identical and hence can be conservatively classified as a useless predictive tool.This means that more unconventional approaches may be required to predict our economic future. In looking at previous depression cycles, it is possible to recognize similarities in human behaviour patterns and hence the resulting economic movements. These behaviour patterns create major events or influencing factors which set the scene for a major deflationary condition. The way in which these factors occur, however, is not predictable. As more and more of these similar events are identified in each cycle, we can increase our confidence on the probability of the last event occurring (a depression). By also unravelling the set of larger cycles, we can determine the potential combined effect at any point in the future.This paper presents a system of cycles ranging from 800 years to 3 years which appear to operate in our economic system. By so doing, a long-term projection into the next century can be made. Finally, the paper deals with the main controlling similarities within the depression cycle, to show that a comparison with our current cycle implies that a major deflationary collapse in the mid 1980's is virtualy inevitable."

Jan 1, 1980

By Doug Russell

Natsource: At a Glance l 160 employees l Global reach ? New York, Washington, Calgary, Ottawa, Toronto, London, Tokyo l Major Environmental Commodity Broker ? Rated as Top GHG Broker (Environmental Finance Magazine Survey, Dec. 2000 & 2001) ? Leading RECs Broker ? Large Broker of SO2, NOx l Large Energy Broker ? One of Highest Volume Gas Brokers ? Major Electricity Broker Overview l International Market l Implementing the Rate-Based Proposal l Assessment and Management of Risk from GHG Emissions Limitations

Nov 1, 2002

By M. Marchese

It is no secret that scarcity of fresh water is an issue that at a global level in the years to come will have a major impact on the business landscape. A number of projects, beyond the mining sector, could remain on paper only due to this. At the same time, this situation is seeing the rise of new business opportunities, such as development of technologies for more efficient usage of water, water recycling, and desalinization of sea water. Despite that most of Chilean mining facilities are located in the driest area of the world, business has developed strongly and actively for more than a century. However, the negative effect on the water reservoirs and the environment is, lately, resulting in the reduction of the authorized water rights. Holding Water Rights for any given volume does not guarantee that the resource will be available when needed. A recent report from the United Nations on global climate change indicates that global warming can be directly related to changes in the natural and human environment. Chile would not be an exception. The reduction in snow levels in the high Andes and reduced rainfall during the so called "Bolivian winter", have directly affected the replenishing of the underground water reservoirs in the lower parts of the valleys, where most of the extraction of the resource takes place. Mining facilities shall be designed to reduce potential environmental effects, using proven technologies, and considering the best practices available. These measures shall constitute a complete structural framework for the environmental impact assessment (EIA) of the Project. The measures to prevent and mitigate the impacts on the water resources shall be considered during the design stage of a mining project. Current and future mining projects in Chile are conscious that the increasing pressure on the limited water resources is becoming unsustainable, and are already facing the water scarcity and social pressure by implementing sea water desalination plants, including long pressurized pipelines to the mine sites (e.g. Escondida, Candelaria, El Morro, Regalito). This paper presents, in summary, an analysis of the present and potential future scenarios.

Jan 1, 2007

By R. H. McMillan

A classification of important uranium deposits which utilizes both genetic and descriptive criteria is presented. The dual aspect is useful because, while the non-genetic nomenclature for the different deposit types is amenable to various interpretations, the critical characteristics of each deposit type can be analyzed to clarify various genetic points. Although the classification is intended primarily for Canadian uranium deposits, most of the important deposit types known elsewhere can be accommodated.

Jan 1, 1978

By P. Mundell, R. Torbin

"There are many physical and operational obstacles in pipelines that make the passage of inspection robots impossible including:•,Small radius bends•,Low operating pressure•,Plug valves•,Large changes in pipe size•,No permanent access to the pipeline.The inspection of unpiggable pipelines requires the marriage of a highly agile robotic platform with NDE sensor technology operating as an integrated system. Foster-Miller and GE/PII are developing a robot that is essentially a battery powered, train-like platform. Both front and rear tractors propel the train in either the downstream or upstream direction. Like a train, the platform includes additional ""cars"" to carry the required payloads. The cars are used for various purposes including the NDE sensor module(s), the power supply, and data acquisition/storage components. The robot is designed with a slender aspect ratio and the ability to change shape as required by the physical obstacle presenting itself. The MFL sensor module must also morph itself through the physical obstacles, and thus, will require some level of segmentation. The segmented MFL magnetizers and transformable sensor module represent a major advance in the science of sensor technology and pipeline inspection."

Jan 1, 2005

By Yve Potvin, Fabien Miller, Deni Jacob

"The potential benefits of measuring the volume of excavated open stope are enormous. By comparing the actual excavation of the orebody contour, it is possible to determine the “real"" amount of mining dilution, as well as the ore left in place. Noranda Technology Centre (NTC) has developed a stope survey system that allows for rapid and efficency measurement of underground excavation volumes. The system comprises a commercial laser (EDM), a set of lightweight rigid rods, an automated scanning device, a hand-held data logger and Autocad-based software for volume calculation and drawing manipulations. This system is an invaluable tool for the optimization of mining practices and could also be used for the delineation of caving areas. IntroductionDilution is the most common and devastating mine disease. In some instance s it could systematically cripple the profitability of an operation, and in more extreme cases, it could become a terminal disease. The Northern Miner Journal (1988) reported that many operations have closed because of uncontrolled dilution, before they even completed their first year of production. Other studies (Pakalnis, 1986) have shown that approximately 40% of all underground operations have more than 20% dilution. Considering that every ton of dilution costs in the neighbourhood of $25, the total direct cost of dilution to the Canadian mining industry may easily exceed one hundred million dollars per year.The dilution problem has been a major concern to Noranda Minerals for some time and in 1984 a comprehensive geomechanics research program was created at the Noranda Technology Centre (NTC) in Pointe-Claire, Quebec. New empirical stope dimensioning techniques, improved cable bolting techniques and sophisticated ground control instrumentation projects (among others) contributed to improve the situation at Noranda.A new tool which can have a very significant impact on the ""war"" against dilution is being developed by the Noranda Technology Centre. The laser stope survey system allows for a rapid, precise and efficient measurement of underground excavation volumes. By comparing the excavation planned with the volume excavated, it becomes possible to determine the ""real"" amount of mining dilution as well as the amount of ore left in place. This system may also allow for early detection of a dilution problem. As with other diseases, early detection provides the best chance for a fast and total recovery."

Jan 1, 1992

By P. Diehl, M. David

"As shortage in the supply of mineral commodities become more probable, there is an increasing need for reliable and comparable reserve/resource data. It is therefore necessary to standardize the traditional classification procedure by quantifying the three basic criteria in resource evaluation: economic feasibility, geologic assurance and recovery. For the portion of fairly well documented deposits and as far as their geologic parameters are concerned, geostatistical methods can considerably improve the quality of ore classification. In respect of economic feasibility and recovery, approved geostatistical methods can be introduced directly into the classification procedure. The concept of geologic assurance, however, requires a new interpretation in terms of geostatistical error spread. As the ""risk"" in estimating an ore parameter is also a function of the respective block size, it is reasonable to define not only upper limits for the risk intervals for each class of uncertainty, but also block dimensions which reflect the typical stage of planning associated with the different ore categories. An algorithm has been developed to block out areas inside a mine or a large panel which satisfies the constraints of an ore category in respect of the risk intervals of a parameter and in respect of their size. The method has been computerized and is demonstrated on a massive copper-nickel deposit.IntroductionFacing an uncertain future with respect to the demand and supply of mineral commodities, both governmental authorities and the mining industries show an increasing interest in a useful framework for the assessment and classification of the remaining mineral resources"". This is reflected by the recently published appraisal and classification scheme of the United Nations as well as by the new or revised classification systems of the USA; Canada or Australia. Moreover there are various classification schemes which are currently discussed in major mining companies."

Jan 1, 1982

By M. Fiset, D. Belley

"In a country with a cold climate like Canada, the cost of replacing worn parts of snowplow equipment such as blades, is enormous. A great number of these blades, with different mechanical properties, are available, but few studies have been made to facilitate their selection according to the optimum ratio of wear resistance to cost. To attain this objective, laboratory tests have been developed to correlate test results with those obtained from various road service conditions. The test materials, 1080steel in different states, 1090steel and D2 tool steel were chosen to cover a large range of hardness as well as different microstructures. Comparison of the wear resistance of the test materials relative to a standard revealed, in general, a good correlation between the results of laboratory cement wheel tests and those from the road tests. Scanning electron microscope wear scars of laboratory and road test specimens were compared to determine if similar removal material mechanisms were active. IntroductionThe correlation between wear tests in service and those performed with the aid of laboratory equipment is of considerable interest. As a matter of fact, when correlation exists, it allows one to evaluate the performance of a material more easily and at a lesser cost.Several authors have been interested in simulating various wear circumstances, especially abrasive wear. In particular, the simulation of wear on implements working the soil, has been tried by several researchers. The test using the rubber wheel seems to be the one giving the best correlation if the soil is rather sandy and its moisture content is low.However, little work has been done concerning wear on the plates, skids and blades attached to trucks used for levelling and snowplowing; such equipment being used to keep roads clear in northern countries. Now each year, companies introduce new steels by claiming that the y are superior in performance to their predecessor s and invariably they demand a higher cost. The study presented here was undertaken with the goal of making a more judicious choice of these steels by simulating their behaviour in the laboratory. Moreover, the examination of abraded surfaces in situ and in the laboratory have also allowed us to compare the respective wear mechanisms."

Jan 1, 1988

By Ryan W. Siggelkow

Mines today use various methods of mining to extract ore. Because of the dangerous nature of many of these processes, remotely controlled LHD machines are being used to extract the ore from the draw point. The remote control system, although being made safer all the time, has remained virtually unchanged for many years. The basic functionality is an operator switching the machine to remote control, getting out of the cab, walking up a stand, operating remotely, returning to the cab, switching to manual, driving manually, switching to remote, and switching to manual. It seems repetitive, and time consuming, does it not? Networking, convergence, video, voice, and data infrastructures, and other technologies are growing by leaps and bounds in virtually every industry and region, except for mining. From the comfort of the living room couch, a Canadian can play hockey online with full voice conversations over the Internet with someone in Russia in real time. Yet, a mine superintendent must jump through hoops to have a private conversation with the front line supervisor underground. "Is Joe around anywhere?" If Joe hears the message, he will respond. If not, who knows? Maybe he's hurt. Maybe he's not. Where is Joe? Nobody really knows, and that is scary. Today, surface knows that the workers disappeared into the cage at 7:00 a.m. They also know that the workers will probably and hopefully return at 3:00 p.m. Is there not a better way to handle this? With such a complex industry, it seems as if, for the most part, the introduction of new technology into mining has either been overlooked or has been met with some resistance. It is time to step back, look at the process, and see how it can be improved. Key areas of focus will be safety, productivity, dependability, and cost-effectiveness.

Oct 1, 2010

By R. Bainbridge

THE cinnabar deposits of the Consolidated Mining and Smelting Company's Pinchi Lake property, situated near Fort St. James, B.C., were discovered and reported on by a Dominion Government geological party in 1937. Claims were staked by a group of local prospectors and, later, the Consolidated Mining and Smelting Company of Canada, Limited, took an option on the property. By the fall of 1939, exploration work had indicated ore of commercial quantity and grade, and laboratory tests had shown that standard methods of reduction, namely, roasting of the ore, followed by condensation of the mercury vapour produced, would result in satisfactory recovery. In June, 1940, construction of a 50-ton unit arranged for wood firing was completed and operation commenced. The installation consisted of a 46 in. by 60 ft. rotary kiln (see Figure 1) followed by a 14-in. Sirocco cyclone, a cast-iron condenser unit, and a 1,700 c.f.m. fan, exhausting to a stack. Other equipment included a 9 in. by 18 in. Denver jaw crusher with the necessary bins and feeders. As the need for mercury was urgent, because of war requirements, construction of a duplicate unit was begun almost immediately. This first extension started operation in January, 1941, and the plant was then capable of treating about 150 tons of ore daily.

Jan 1, 1945

By S. Shimaya, T. Maejima, M. Shimo

"The authors conducted the in-situ gas-tightness tests in a fractured rock at the Namikata underground LPG storage site in Ehime prefecture, Japan. The test consisted of two independent setups, a gas-tightness test that used boreholes, and a chamber-scale test that used a horizontal drift sealed with a concrete plug. In each test, the gas pressure was increased up to the onset of the measurable gas flow to obtain the maximum containment pressure. This paper discusses the hydraulic conditions for gas leakage initiation and the importance of the pore pressure measurement for monitoring the gas-tightness of the LPG storage cavern based on the test results.INTRODUCTIONJapanese first underground LPG storage plant was constructed by JOGMEC, the Japan Oil, Gas and Metals National Corporation, at Namikata in Ehime prefecture in granitic rocks (Kato et al., 2007). The “hydraulic sealing principle” (Åberg, 1977) that utilizes groundwater flow into an unlined cavern to prevent the leakage of gas through fractures in the surrounding rock mass was employed for storage of LPG. This paper describes the results of the in-situ tests performed at the Namikata Site to obtain information on fundamental gas-tightness characteristics of fractured rock. Two types of in-situ tests, a borehole gas-tightness test and a chamber gas-tightness test, were carried out near the storage caverns. Figure 1 shows the cavern layout of the Namikata underground storage plant and the test locations. The storage facilities consist of three caverns (W26m×H30m×L485m). The cavern crown lies at a depth of 150m below the sea level in Cretaceous granitic rock (Figure 1). Water curtain boreholes excavated from the water gallery tunnel at EL-125m level are located above and side of the caverns to prevent water drainage from fractures during the construction stage as well as during operation. The borehole tests were performed from a drilling adit excavated from the eastern end water gallery tunnel, while the chamber test was conducted at the southern edge of an exploratory drift extending from the central water gallery tunnel."

Jan 1, 2015

By R. W. Culley

"In many areas of Saskatchewan, known gravel deposits have been depleted or are diminishing rapidly; in other areas, particularly in the north, demands for all-weather highways and access roads are far exceeding the supply of gravel sources with which to surface them. These two problems have made conventional methods of air-photo and ground surveys insufficient for gravel location. In the first case, hauling costs on construction now warrant searching for buried deposits and for smaller, less obvious surficial deposits that may be closer to the project. In the second case, search and access conditions are so difficult and costly that the ratio of successes to failures must be kept very high. The Department of Highways has long been aware of the oncoming scarcity of quality gravel deposits and is continually investigating ways of forestalling it. One of these ways is the use of airborne geophysical methods that permit rapid coverage of large areas and that sense and discriminate between earth properties to a significant depth below ground surface. In 1967, the Department began an investigation of an airborne conductivity survey method called INPUT*, or ""Induced Pulse Transient'', leading to a trial in 1968 and data analysis in 1969. The results of this trial initiated• modifications to the technique to improve its sensitivity for mapping shallow deposits. Part way through this modification in 1970, a decision was made to change to an airborne resistivity survey method called EPHASE*. Trials with this technique were conducted and analysed in 1971. This paper is an explanation of the E-PHASE system and a summary of the results from one of three areas mapped in 1971."

Jan 1, 1973

By J. P. Sairrlon, K. G. Wheeland, K. J. Mintz, B. J. Kiener

Iwenty-one ore dusts of varying mineralogy, sulphur content and reputed in-mine explosibility were selected from eight mines. After chemical and mineralogical analysis and sieving into two size fractions (+45/ -63 microns and -45 microns), these sarrples and seven pure minerals were tested for explosibility in oxygen in a Harbnann chamber. '!he maximum explosion pressures and maximum rates of pressure do not correlate with sulphur content alone; the types of minerals are also .important. Residues were analyzed to check the combustion reactions. Further comparisons between laboratory and mine results are planned to improve predictability.

May 11, 1988

By Mark W. Bartlett

Program Objectives ??Identify and implement a tool for haul truck drivers that: -Reduces or eliminates fatigue-related injuries and fatalities -Reduces accidents and equipment damage ??Following evaluation period, apply tool where most effective Why do We Need a Fatigue Monitoring Tool? ??Everyone has probably fallen asleep while driving ??Driver fatigue is a major source of property damage and serious haul truck serious incidents ??To protect ourselves from the other ?tired?driver ??To know when to ask for relief ??To know when we are seriously distracted from driving ??To measure improvements in sleep incidents based on shift changes and intervention ??To help prevent incidents like the following:

May 1, 2011

By R. A. (Dick) McIvor

"It is important to ensure that the basic mine hoist plant design fundamentals are incorporated into any new mine hoist plant project before detailed design engineering is commenced. Some of the basic design fundamentals to be considered are: hoist rope fleet and flight angles for good hoist rope coiling, hoist rope harmonic frequency study to ensure that the hoist rope does not run at full speed at a rope resonance frequency, head frame and shaft clearance diagrams to establish the optimum positions for the loading and dumping of the shaft conveyances, access in the head frame and shaft collar for hoist rope and shaft conveyance installation and removal. Failure to consider the hoist plant fundamentals before detailed engineering commences will result in extra costs for hoist plant redesign or a significant increase in operating and maintenance costs for the mine due to increased hoist plant downtime to perform tasks and a lower mine operating efficiency. INTRODUCTION The mine hoisting plant is the most critical single line component in the operation of a shaft sinking operation or a permanent installation. Bad decisions in the design and selection of the hoist plant equipment can significantly add to the operating costs and up-time in the operation of the mine. Mine hoisting plant equipment installed costs represent approximately 5 to 8 percent of the capital cost of a new mine, yet price sometimes becomes the deciding factor for procuring the hoist plant components, sometimes selecting used equipment that may compromise the design and maintainability of the mine hoist plant. Mine downtime can cost upwards of $100,000 per hour and it will not take a very long time to eat up all the so-called savings on hoist plant equipment purchases. This paper will provide guidelines for the design, selection, installation and maintenance of mine hoist plant equipment with the objective to having the right mine hoist plant with the highest operational availability and best maintainability. PRELIMINARY DESIGN INFORMATION Before any engineering commences, the following information needs to be obtained to allow the preliminary sizing of the hoist plant equipment: • Shaft depth: The shaft depth will influence the hoist rope selection based on the material and personnel loads anticipated for the mine design. The shaft depth will also influence the maximum speed of the shaft conveyances. • Annual production: The desired annual production will influence the required payload sizing with allowances for maintenance and inspections of the hoist plant equipment."

Jan 1, 2019

By D. Milne, P. Germain, G. Sauriol

"The practical determination of optimum stope geometry has, until recently, been an art relying primarily on experience at a given operation. Due to the complex and variable nature of rock masses in situ, stopes are often designed either very conservatively, resulting in excess development, or non-conservative resulting in excessive dilution and, in some cases, in loss of ore reserves.The Geomechanics group of the Mining Technology Division, Centre de Recherche Noranda, uses a combination numerical modelling and empirical design techniques to optimize allowable stope geometries. The above methodology allows the optim ization of stope geometry for varying rockmass classifications within an operation or between different operations. Such techniques require the development of a thorough geotechnical database at each operation and are best used when calibrated to the specific operation through back analysis.This paper discusses the above optimization techniques in light of specific examples from the Noranda Group. The design methods, limitations and results are discussed.INTRODUCTIONMine design has traditionally referred to production planning, general facility layout, (i.e. ore passes, crusher stations, main haulage drifts, etc.) and ventilation design. The dimensioning and sequencing of the stopes and pillars, however, has been almost solely based on trial and error and precedent practice.More recently, numerical stress analysis has received much more attention as part of the design process. It is common now at many operations to look at the effect of proposed stope layouts and sequences on stress redistribution through the surrounding mine workings. Through calibration of actual stope and pillar behaviour in situ, one can then relate the model predictions to support requirements, safety problems, etc."

Jan 1, 1989

By R. L. Brown, E. A. Swanson

THE Buchans ore bodies are located in central Newfoundland, three miles north of Red Indian lake. The townsite of Buchans was named after a Royal Navy Captain who, while attempting to make contact with the Beothuck Indians, camped in the area in 1820. Ore was first found at Buchans by a Mic Mac Indian, Matty Mitchell, who discovered one of the three small orebodies in the bed of the Buchans river. The Anglo-Newfoundland Development Company, which holds mineral rights in the area, developed the orebody, but was forced to give up the venture because of difficulties encountered in separating the various sulphides. The American Smelting and Re-fining Company developed a flotation process which was capable of economically separating and concentrating the various sulphides, and, in 1926, they took a long-term lease on the property.

Jan 1, 1962