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What Discounted Cash Flow Analysis can do for you: ?Provide an accurate financial analysis of a project for the first 25 to 30 years of operations ?Identify cash flow requirements ?Identify relative sensitivity of the project to the various input parameters ?Place a value on the resource in place after 30 years of operations ?Correct for errors in input parameters

May 1, 2010

By Kathy Pomeroy

Sharing?? l Maybe not the first image that comes to mind when we think about the historical corporate mind set and track record of many corporations ? ! A Fundamental Change in Relationships l From a worldview of independence to one of recognized interdependence l Collaborative action with communities for long range mutual goals l Acceptance of greater accountability for the whole l Community and government relationships based on trust, mutuality, respect for human rights, equity, sustainable agreements

May 1, 2002

By Glenn Ferguson

BACKGROUND Metals Risk Assessment at Contaminated Sites ? The field of metals risk assessment has advanced rapidly over the last five years ? Significant uncertainties and data gaps remain that require additional research if accurate assessments are to be conducted ? Research is being conducted by regulators, external institutions and academia ? Risk assessment practitioners are in need of answers or solutions TODAY

Apr 1, 2005

By Arne Renström

A fleet management system such as Minestar with CAES and Aquila could basically be defined as a tool for production control and distribution of drill and load maps, but should also be considered as continuous improvements and a never ending production study. The objective of production studies is to establish facts to be used for production improvements. In a mine operation there are many issues to improve and they spread from achieving productions plans, drilling precision, improved spotting while loading to equipment utilisation. This gives that there is not one single key value to present; we need to manage information presented on maps, as trends, graphs, tables and pre-calculated data for ?free-use? normally in spread-sheets to be able to turn data into useful information.

May 1, 2003

By Edward R. T. Tiekink

Metal complexes continue to find therapeutic applications for the treatment of a wide variety of human ailments. Amongst these, gold(I) thiolates are used to treat rheutmatoid arthritis but, usually in combination with other treatment or as a last resort. New therapeutic uses of gold, both as gold(I) and gold(III), are being sought, including against cancer, the focus of the present contribution. It will be demonstrated that certain gold(I) complexes show exciting cytotoxicity profiles, rivalling those of cisplatin and standard chemotherapeutic agents. More importantly, anti-tumour activity is demonstrated in vivo, albeit in a mouse model. The presentation will give a brief overview of ?metals in medicine? with a focus on gold and will summarise some recent advances in the development of goldbased anti-tumour agents.

Oct 1, 2003

By Geoffrey C. Streeton

A continual objective of mine operations is to reduce ground control costs without compromising the overall safety or performance of the installed ground support. Any change in the ground support regime must not result in a less secure or safe workplace. The due diligence required to implement a change in rockbolting practice is extensive, particularly when the new bolting system has not been used at any other mining operation. Factors such as yield, shear strength and embedment strength must all be investigated to gain an understanding of how the rockbolt can be expected to perform. This paper also discusses the substantial cost reductions and efficiency gains which can be achieved through the introduction of the Jumbolt rockbolt.

May 1, 2001

By W. Grell

"In this paper, two methods of standardizing mill language are proposed; one is based on metric units and the other on English units. Tentative procedures for chemical and screen analysis based on published methods are proposed.Standard procedures for determining work index, and for leaching, flotation, and classification tests are outlined.Objects of Standardization:(1) to improve communication -(a) among gold metallurgists(b) with other branches of mineral dressing(c) with mineral dressing in other countries(d) with general scientific procedure(2) to improve mill control by -(a) standard methods of analysis (i)(ii)(iii)(b) standard methods of calcula tiort(c) standard accounting proceduresin the plantin the mill laboratoryin the assay office(3) to improve mill test work and investigationAreas of Standardization(1) Nomenclature or terminology(2) Measuring techniques(3) Test procedures(4) Accounting procedures"

Jan 1, 1966

Introduction Gold Mining is an Important Economic Activity in Canada n Total value added during 1990-99 was $15.5 bn n The gold price is an important factor in the value added process n The gold price affects gold mining output, profits, exploration expenditures, employment, etc. Some Factors that Affect the Gold Price n The value of the US Dollar affects the US Dollar price of gold: a weaker US$ correlates with a higher gold price n Supply affects the gold price: the higher the supply on the market each year, the lower the average gold price that year Central Bank Gold Sales n Yearly central bank gold sales add to supply, and affect the price of gold negatively n The negative impact on the price of gold reverberates through the Canadian gold mining industry n Despite the modest amounts, even Bank of Canada gold sales affect the Canadian gold mining industry

May 1, 2003

By Jorge Amaya

A critical aspect of long-term open-pit mine planning consists in computing a production schedule based upon a block sequencing strategy. Such a schedule should specify when and if blocks should be extracted in such a way as to maximize NPV, while satisfying wall-slope and production capacity constraints. It is well known that this problem can be modeled with integer programming (IP). However, integer programming is not used in practice because the size of typical block models makes such problems intractable to standard IP solvers. In this article we describe a scalable IP-based methodology for solving very large (millions of blocks) instances of this problem. We show that embedding standard IP technologies in a local-search based algorithm we are able to obtain near-optimal solutions to large problems in reasonable time. This methodology has been tested in several mine wide block models.

Oct 1, 2009

By J. Moyes

The Intec Copper Process is an internationally patented hydrometallurgical process for the extraction of pure copper and precious metals from sulfide concentrates. Developed and proven in Sydney, Australia at a cost of US$15m over the last ten years, the Intec Copper Process is now ready for commercial application. The Intec Copper Process has several notable advantages over both smelting and other hydrometallurgical processes. Starting from a base of substantially lower capital and operating costs than any other conventional or developing process, the Intec Copper Process is economically viable at capacity levels as low as 15,000tpa-Cu, and capable of accepting low grade and metallurgically complex concentrates. Precious metals are recovered within the Intec Copper Process circuit, without the need to re-treatment of the environmentally stable solid residues. The Intec Copper Process offers the lowest energy consumption of the available technologies, with no liquid emissions or production of noxious gases. Unlike smelting, sulfur is recovered in the solid residues in elemental form.

May 1, 2002

Arguably the SMC Test® has become the most popular laboratory hardness test in the world with over 17,000 tests having been completed to date, covering over 650 different ore bodies. It is now routinely used in design, optimisation and orebody profiling projects. The test is unique in that from relatively small amounts of drill core it simultaneously provides parameters that are used in simulation modelling of AG/SAG and crushing circuits as well as work indices that are used in power-based equations for predicting the specific energies of AG/SAG/Crushing and HPGR circuits. The very large data base that has been accumulated has provided the opportunity to study the differences in variability from deposit to deposit. This paper describes and discusses the trends that have become apparent from the study of this data base. Recommendations for appropriate selection of sample numbers are also made which are based on these trends.

Jan 1, 2012

By Jorge Amaya

A critical aspect of long-term open-pit mine planning consists in computing a production schedule based upon a block sequencing strategy. Such a schedule should specify when and if blocks should be extracted in such a way as to maximize NPV, while satisfying wall-slope and production capacity constraints. It is well known that this problem can be modeled with integer programming (IP). However, integer programming is not used in practice because the size of typical block models makes such problems intractable to standard IP solvers. In this article we describe a scalable IP-based methodology for solving very large (millions of blocks) instances of this problem. We show that embedding standard IP technologies in a local-search based algorithm we are able to obtain near-optimal solutions to large problems in reasonable time. This methodology has been tested in several mine wide block models.

Oct 1, 2009

By João Felipe Costa, Jair Carlos Koppe, André C. Zingano

Abstract - Traditional mine planning based on block models built with interpolation techniques such as kriging does not take into account the uncertainty associated with the estimates. These models are inadequate for short-range mine planning. In contrast, conditionally simulated models reproduce the actual variability (histogram) and spatial continuity (variogram) of the attributes of interest. Conditional simulation can be used to address the problem of measuring the uncertainty associated with an estimate. This paper outlines how the sequential Gaussian conditional simulation algorithm can be used to assess uncertainty of grade estimates and also illustrates how simulated models can be incorporated into mine planning and scheduling. A case study demonstrates the efficiency of the method in assessing risk associated with geological and engineering variables.

Jan 1, 2000

By K. G. Eriksson

"The first tentative test made to try rubber lining in grinding mills was made in the early twenties. However, because of poor rubber compounds and design the results did not prove to be promising.In the early sixties successful trials of rubber linings were carried out as a result of a cooperation between boliden AB and Skega AB.One of the reasons rubber was not used earlier for linings was the difference in wear characteristics between rubber and steel. The ability to successfully develop rubber mill liners depends on three factors:l. Design2. Material (rubber compounding)3. Experience (knowledge)DESIGNThe main difference between steel and rubber, in material aspect, is the elasticity and the low tensile and shearing strength of rubber. It is necessary to take maximum advantage of the elasticity and to reduce tensile and shearing forces by minimizing the sliding of the mill charge. This is accomplished by using the Lorrain type of liners, i.e., lifter bars and plates. It is, however, necessary to keep a certain balance between lifter bars to optimize liner life and grinding performance."

Jan 1, 1983

It?s a pleasure to be with you in Vancouver today to reinforce the good work you and your companies do to develop and operationalize new technology as a lever to improve operational performance and reduce our impact on the environment in absolute terms. Although I will use the work we do at Shell to reinforce this perspective, the principles apply to all of us in this industry regardless of whether you are a producer or supplier. I?d like to help demystify the future of Canada?s oil sands based on Shell?s view of global energy developments, including forecasted demand. One of the incontrovertible truths of this era of global energy defines change as an unchangeable law of progress. Another tells us that the art of progress is to preserve order amid change and to preserve change amid order. These axioms help frame the increasingly public debate about the future of Canada?s oil sands. I hope to illustrate how Shell?s commitment and investments create positive progress that embraces change amid order in the oil sands. I?m going to spend a little time today to focus the spotlight on the future of the oil sands to help demystify Canada?s hydrocarbon energy future. To do that, I?ll identify the features of our future energy security, including three hard truths about global energy that drive Shell?s business imperatives. Then, it?s instructive to examine Canadians? current consciousness about oil sands sustainability.

Oct 1, 2009

By John E. Udd

In early 2000, CANMET-MMSL was engaged by the Ontario Ministry of Labour (OMOL) to conduct an international study of the practices, in several key mining jurisdictions, of determining the criteria that are used to decide when the wire ropes used in mine hoisting are to be retired from service. Subsequently, the writer visited key officials and institutions in Canada, the USA, the Republic of South Africa, the United Kingdom, Germany and Poland. Material from the Australian province of New South Wales and Hungary was also included. The report that resulted included, among other sections; (1) the history of wire rope and trends in manufacturing technology; (2) a review of mine hoisting practices; (3) the requirements as regards safety factors; (4) a review of the players and the inspection practices; (5) the criteria for rope replacement; (6) a look into the future to outline the developments that could take place in both hoisting and rope inspection practices in Canada; (7) recommendations. Subsequently, the report was issued as a book by OMOL, and as a CD-ROM by the Mining and Mineral Sciences Laboratories, Natural Resources Canada. In this paper the author presents the key findings and the recommendations made in the study.

May 1, 2003

By O. Moselhi

The purpose of this research is to evaluate the impact of Building Information Modeling (BIM) on Just-In-Time (JIT) material delivery, with a focus on how the use of BIM can help improve efficient implementation of JIT and reduce the cost of material management. Previous research and a number of case studies have addressed the positive impact of BIM on construction at large but none focused on JIT in construction. This paper presents a methodology for selecting reliable material vendors. It also utilises the integration of BIM and scheduling software to generate quantities of material and its required delivery time to improve the flow process and improve its reliability to minimise related delays and productivity losses arising from idle and non-productive time of equipment and labour on jobsites. 4D visualization is utilized to support coordination and timing of JIT material deliveries in an effort to minimize congestion on job sites. Case studies on JIT material deliveries are presented and the impact of BIM implementation on reducing the cost of material management is evaluated. The joint effect of BIM and JIT on quality control, elimination of waste, reduction of inventory buffers, and on relationships with material vendors are evaluated by analysing and comparing data from case studies. The paper also presents a methodology based on multi-attribute decision criteria for modelling the selection criteria for material vendors. The model can assist in ranking vendors not only based on cost and quality but also on their reliability in delivering material on time.

Aug 1, 2013

By Craig Ford

Inmet Mining is committed to implementing the highest corporate responsibility standards in its mining operations worldwide. Inmet is 100% owner of Minera Panama, a world-class copper project that is currently in the feasibility phase in north-central Panama. Panama has limited experience with modern mining, limited mining capacity, and the project context involves significant social, environmental and political complexity. The Project area is remote with recent in-migration of latino and indigenous people, informal and small-scale mining, local subsistence populations and considerable biodiversity value, coupled with a complex jurisdictional setting. In short, it is increasingly the kind of project mining companies are taking on because the easy projects have already been developed. With such challenging conditions, anticipating and managing social risks is critical to effective project management. To this end, between August 2007 and the third quarter of 2009 Inmet seconded Monkey Forest Consulting Ltd to the project to assist Minera Panama in building and implementing an effective, early phase external relations strategy. The team was also tasked to find and develop a locally based team that could sustain success through project development and into operations. Today?s presentation was created by Inmet and Monkey Forest and describes some of the lessons learned in implementing an effective early phase process for managing social issues.

May 1, 2010

By S. Hon, C. Searcy, R. DasGupta, B. Fleet, A. Davidse, A. Pringle

"The mining industry is facing serious long- and short-term challenges relating to uncertain commodity prices, environmental pressures, and margin compression due to rising energy costs. Energy issues, formerly treated as an operating cost, are changing as executives search for longer term solutions to deal with uncertain fossil fuel prices and greenhouse gas emissions. Consequently, mining executives are increasingly willing to consider introducing a proportion of renewable energy (RE) systems into the mine energy mix. This paper examines how RE can be successfully integrated at mine sites, as well as some of the benefits and barriers to their wider adoption.RÉSUMÉ L’industrie minière fait face à de sérieux défis, à long et à court terme, en raison de l’incertitude des prix des matières premières, des pressions environnementales et des compressions de la marge bénéficiaire dues à la hausse des coûts de l’énergie. Les questions énergétiques, auparavant considérées comme un coût d’exploitation, changent alors que les cadres cherchent des solutions à plus long terme afin de prendre des mesures pour contrer les prix incertains des combustibles fossiles et les émissions des gaz à effet de serre. C’est pourquoi les cadres miniers sont de plus en plus disposés à considérer l’introduction d’une proportion de systèmes d’énergie renouvelable dans l’équation énergétique de la mine. Le présent article traite de la manière dont les énergies renouvelables peuvent être introduites avec succès aux sites miniers ainsi que quelques-uns des avantages et des barrières à leur application à une plus grande échelle."

Jan 1, 2015

By Mike Power

Geophysical techniques have played a pivotal role in northern kimberlite exploration since the initial discovery at Point Lake in 1991. In the Slave Craton and surrounding regions, there are definite contrasts in physical properties between kimberlite intrusions and surrounding bedrock. Kimberlite commonly displays higher magnetic susceptibility, distinctive remnant magnetism, low electrical resistivity and lower density than surrounding rocks. In addition, the distinctive geometry of kimberlite pipes is reflected in geophysical responses which further facilitates target discrimination. There has been an evolution in geophysical exploration strategies over the past 12 years. Helicopter total magnetic field and electromagnetic (HEM) surveys have proven to the most cost-effective means of conducting first pass investigations in prospective areas. During the early 1990's, total magnetic field and frequency domain electromagnetic surveys were virtually the sole techniques employed during follow-up surveys. Inevitably, the initially high rates of kimberlite discovery declined in the areas surrounding the original finds. Marginal magnetic and EM anomalies were all that remained to be tested and this spurred interest in the improvement of existing interpretation algorithms and in the application of additional complementary techniques to reduce the exploration risk. Gravity has become a popular third survey following the deployment of the Falcon (TM) airborne gravity gradiometer system by BHP Billiton in 1999 and improvements in ground techniques. Ground penetrating radar (GPR) has proven to be particularly useful in delineating kimberlite pipes following drill discovery and in exploring for kimberlite dykes in settings where indicator mineral trains indicate such targets are likely. Seismic methods have been tested for both reconnaissance and delineation but remain underemployed. Given the high cost of drilling in the North and the proven success of geophysical techniques in reducing exploration risk, it is likely that an increasingly diverse range of geophysical techniques and innovative interpretation techniques will continue to be applied in kimberlite exploration.

May 1, 2003