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By CIMVAL

This Code for the Valuation of Mineral Properties (the “CIMVAL Code”) is the result of a review more than a decade after the release in 2003 of the “Standards and Guidelines for Valuation of Mineral Properties” (the "2003 Standards"). The purpose of the review is to update the 2003 Standards to reflect domestic valuation, international valuation, and regulatory developments. The CIMVAL Code was adopted by the Canadian Institute of Mining, Metallurgy & Petroleum (the "CIM") Council on November 29, 2019. The CIMVAL Code supersedes the 2003 Standards. The 2003 Standards were dated February 2003 and were adopted by the CIM Council on March 9, 2003 as the first comprehensive set of standards for Valuation of Mineral Properties in the Canadian mining industry. The 2003 Standards followed recommendations of the Mining Standards Task Force of the Toronto Stock Exchange and the Ontario Securities Commission, where in its Final Report (January 1999), the CIM was specifically asked to form a committee of valuation practitioners to review and advise on standards for the Valuation of Mineral Properties. The Special Committee on Valuation of Mineral Properties ("CIMVAL") was created on May 5, 1999 with the mandate to recommend standards and guidelines for Valuation of Mineral Properties to be used by the mining industry in general. The CIMVAL Code is limited to the Valuation of Mineral Properties (including any interests therein) and does not cover valuation of corporations or other entities that hold Mineral Properties as assets. The CIMVAL Code does not cover petroleum and related assets. CIMVAL recommends that the CIMVAL Code be followed for all Valuations of Mineral Properties, including those required by securities administrators and stock exchanges. However, when a Valuation is required under the applicable rules of securities administrators or stock exchanges, such rules prevail to the extent of any inconsistency.

Nov 29, 2019

By D. Karpoff

"IntroductionUNTIL the recent discovery and development of deposits at Allard Lake, on the Lower Romaine river, practically the whole of Quebec's - and indeed of Canada's - production of ilmenite had come from deposits in the vicinity of St. Urbain, Charlevoix •county, a village about eight miles north of Bay St. Paul on the north shore of the St. Lawrence, some sixty miles below the city of Quebec (see Figure l) . Although these deposits were known nearly three hundred years ago and were worked in a small way during the years 1872-74, when a charcoal blast furnace was operated by the Canadian Titanic Iron Company for making white pig iron, it was not until 1908 that more or less continuous production commenced and has •continued to the present by the American Titanic Iron Company. The whole of the output has been exported to the United States.The ilmenite occurs in lenses •and dyke-like bodies within anorthosite. Production has come chiefly from three deposits: General Electric, Furnace, and East and West Coulombe. During 1951 -52, an extensive diamond drilling programme was carded out under the direction of the writer to test the Furnace and the East and West Coulombe deposits (Figures 2 and 3), which form part of the property of St. Lawrence Iron and Titanium Mines, Limited. The average tenor of the orebodies encountered in the course of the drilling was 38.60 per cent TiO2 and, in addition to these high-grade •bodies, there was found a very considerable tonnage of lower grade ore."

Jan 1, 1953

By D. Holz

In this work we present a novel level set-based model for the real-time simulation of soil deformations. A level set defined by a signed distance function and sampled in a regular 3D grid represents and tracks the soil volume under deformation. Moving away from classical 2.5D heightfield representations of soil to a full 3D volume representation allows for improved tracking of cutting tool operations and the simulation of near-vertical or vertical soil faces. The proposed level set representation furthermore provides a versatile mathematical platform for modeling additional effects such as soil slip, and does not suffer from the sampling limitations of commonly used heightfields. Cutting forces applied to the tool are simulated via a formulation based on the Fundamental Equation of Earthmoving, modified to support inclined soil surfaces and transient states of tool motion. Discretisation of this 2D cutting force model with respect to the tool surface allows capturing the effects of irregular 3D terrain shapes on blades and buckets. The surcharge created during cutting operations is tracked in the form of particles and included in the soil failure force computation. We make use of an adaptive, hybrid level set-based and particle-based soil deformation scheme, which allows the soil deformation to be simulated in real-time.

Aug 1, 2013

By M. A. Gomez, V. Yahorava, J. A. Strauss

"It is accepted widely that pressure oxidation (POX) is the most appropriate technology for processing of arsenic containing refractory gold ores. However, studies on the stability of various iron-arsenic precipitates formed during POX are limited. Since the behaviour of these phases could have significant practical implications for gold processing plants, it is important to study them in isolation. This paper compares two synthetic precipitates, basic ferric arsenate sulphate (BFAS) and basic ferric sulphate (BFS) in terms of their formation, behaviour during hot curing and cyanidation, as well as their environmental stability. BFS and BFAS were synthesised hydrothermally at 205°C and their mineralogy was confirmed using various techniques. During synthesis, the addition of H3AsO4 into an aqueous Fe2(SO4)3-H2SO4 mixture significantly decreased the iron yield to BFAS in comparison to BFS under equimolar initial iron and acid concentrations. The BFAS dissolution kinetics was slightly faster, as compared to BFS, during subsequent hot curing. Cyanidation test work on the washed synthetic precipitates indicated that the lime consumption of BFAS was three times lower in comparison to BFS, while cyanide consumptions were comparable. Fresh BFS and BFAS precipitates, as well as their cyanidation residues, were found to pass the respective environmental tests in terms of arsenic release.INTRODUCTION Pressure oxidation (POX) is generally viewed as the most appropriate technology for the processing of arsenic-containing refractory gold ores due to the stabilisation of arsenic in the leach residue (Dutrizac & Jambor, 2007; Gomez et al., 2008; Harris, 2003; Collins, Berezowsky, & Weir, 1988). Detailed laboratory studies indicated that several Fe(III)-arsenate type compounds may be formed under typical conditions of autoclave treatment of refractory gold ores (Swash & Monhemius, 1994; Dutrizac & Jambor, 2007; Gomez et al., 2008, 2010; Gomez, Becze, Cutler, & Demopoulos, 2011). The basic ferric arsenate sulphate (BFAS) phase (Gomez et al., 2008), also known as Type II ferric arsenate (Swash & Monhemius, 1994) or Phase 3 (Dutrizac & Jambor, 2007), is one of the most common arsenic-bearing products (Harris, 2003; Dutrizac & Jambor, 2007). BFAS precipitation is viewed as one of the best routes for arsenic stabilisation and performed equally well to scorodite during environmental stability tests (Harris, 2003; Swash & Monhemius, 1994; Dutrizac & Jambor, 2007; Gomez et al., 2008, 2011)."

Jan 1, 2017

By Marvin E. Lane

Viburnum, located in the foothills of the Ozarks in south-east Missouri, is the site of a modern lead mining and milling operation. Two mines are currently producing a total of 5,000 tons per day and a third mine is in the final development stage, with full production scheduled for late this year (1964). These mines will supply the tonnage required to keep the Viburnum mill operating at a full capacity of 7,000 tons per day for many years. The efficient underground mining operation is completely trackless. Drill jumbos are used to break the ore in a room and pillar method of mining. Transloaders, or St. Joe shovels, and trucks do the loading and hauling. The Viburnum mill has a world-wide reputation as a most efficient operation. This is due to the extensive use of automatic process controls, and labour saving materials handling facilities. Introduction THE St. Joseph Lead Co., has operated lead mines in southeast Missouri for 100 years. These operations have been confined largely to the area called the

Jan 1, 1964

By G. McIsaac

"This paper discusses the formulation of a linear program with the objective of maximizing the cash flow of the long-term plan of an underground operation. A mine is split into eleven independent ore zones, each characterized by its reserves, required development, and mining method. Based on practical considerations, maximum rates are set for each zone’s development and production capacity. For the total mine plan, a minimum daily production rate is set along with a minimum feed grade to the mill. A maximum daily development capacity is set based on the equipment and labour available. Proven and probable ore is mined preferentially over possible ore in the early years of the plan. Also, the fixed cost of operating the mine is taken into consideration whenever mining activities take place.Once the linear program is solved, it can be critically reviewed, and unrealistic results can be identified. Some resource allocations constraints can then be changed in certain sectors, and new results can be analyzed. “Whatif” scenarios can also be examined, such as determining the impact of hiring a contractor to develop a given sector, or dropping an ore zone completely from the plan."

Jan 1, 2005

By G. McIsaac

This paper discusses the formulation of a linear program with the objective of maximizing the cash flow of the long-term plan of an underground operation. A mine is split into eleven independent ore zones, each characterized by its reserves, required development, and mining method. Based on practical considerations, maximum rates are set for each zone?s development and production capacity. For the total mine plan, a minimum daily production rate is set along with a minimum feed grade to the mill. A maximum daily development capacity is set based on the equipment and labour available. Proven and probable ore is mined preferentially over possible ore in the early years of the plan. Also, the fixed cost of operating the mine is taken into consideration whenever mining activities take place. Once the linear program is solved, it can be critically reviewed, and unrealistic results can be identified. Some resource allocations constraints can then be changed in certain sectors, and new results can be analyzed. ?Whatif? scenarios can also be examined, such as determining the impact of hiring a contractor to develop a given sector, or dropping an ore zone completely from the plan.

Sep 1, 2005

By Adrian Dance

Newmont Ghana Gold Limited?s Ahafo operation have been working with Metso Process Technology & Innovation (PTI) since early 2009 to increase mill throughput from a combination of controlled blasting practices and optimised primary crusher and grinding circuit conditions. For such Mineto- Mill projects, PTI?s methodology is termed Process Integration & Optimisation (PIO). Ahafo operate a SAG mill, ball mill and pebble crusher (SABC) circuit that processes a range of primary ore of varying hardness from different pits which is blended with soft oxide material. The PTI study focussed on ball mill limited material from the Apensu open pit. Following a benchmarking study of all blasting, crushing and grinding practices in January 2009, PTI recommended changes in both blasting and crushing conditions in order to generate a finer feed size to the SAG mill. Additional operating changes in the grinding circuit were recommended. A series of trials were conducted in November 2009 where three blasts were fired using a different blast design (hole diameter and explosive type) in the same area of the Apensu pit as the benchmarked material in January 2009. Top and bottom benches (or flitches) from each blast were sent exclusively to the grinding circuit and the material was tracked using PTI?s SmartTag? system. The results from the six trials showed a significant increase in primary ore throughput at a reduced blend of oxide material. Ahafo have since standardised on these modified blasting conditions for all Apensu ore zones and have been able to sustain higher throughput compared to historical performance on similar material. This paper summarises the phases of the PIO project, the changes made in operating practices and the outcomes of the blasting trials that validated the predicted increase in mill throughput.

Jan 1, 2012

By L. Gutierrez, M. Pawlik

The rheology artificial mixtures of bitumen with fine quartz of varying bitumen content, as well as actual oil sand ores, was investigated under different physicochemical conditions (pH, temperature). All rheological measurements were conducted using a Haake Rotovisco VT550 rotational viscometer, connected to a fixture specifically designed to measure properties of settling suspensions. It was found that at low bitumen contents (1 %, wt.) the pH of the slurries was the most important parameter that controlled the rheology of quartz-bitumen slurries. At higher bitumen contents (10%, wt.), it was a combination of high temperature and high pH that gave the lowest apparent viscosities and yield stresses of the model mixtures. These model observations correlated well with the rheology data obtained for slurries of actual oil sand ores. The overall results were discussed in terms of aggregation-dispersion phenomena between bitumen and mineral particles.

Jan 1, 2009

By D. M. Aloi

In today's evolving and globalized world, mining companies are being pressured to move beyond compliance towards long-term sustainability and sustainable development. Companies are expected to "engage" with communities and measure the success of these engagements without a clear understanding of "how" to do this. This move, away from "Corporate" Social Responsibility (CSR) and compliance, develops more of a focus on "Community" Social Responsibility and sustainability. This shift in focus leads to the development of world-class projects that provide sustainable development for people, reduces the incidence of costly delays, and promotes good global citizenship for corporations. The process of "engaging" communities in mining project design and development leads to a stronger license to operate and sustainable development. To create this mutually beneficial relationship between communities and companies, communities must be "engaged" in the mining process as early as possible, preferably during the exploration or the concept phases. How to create this "engagement" remains elusive. How to measure the progress of this engagement is also problematic. The quantitative and qualitative metrics needed to measure both positive and negative impacts of the mining and community relationship will be discussed.

Jan 1, 2007

In the last five years, new iron ore pellet plants have been built with significantly reduced air pollution levels compared to the older generation of plants. European and American pollution controls are more stringent that in China and Brazil. The recent American plants have successfully employed circulating fluidized beds for sulfur control, baghouses for particulate control, activated carbon injection for mercury and a new design of specialized low-NOx burners.

Jan 1, 2015

By Alfred C. Lane

Reference to the original use of the terms Laurentian and Huronian (and its extension), shows that the former was applied to granitized sedimentary and metamorphic pre-Cambrian rocks, and the gneissoid igneous rocks associated therewith, and the latter to non-fossiliferous rocks supposed to be later. But it appears from the work of Collins, Quirke and others that there is more or less of an overlap, and that of the original Laurentian the Grenville limestone, and some of the granites, may be later than the lowest part of the original Huronian. Before we can decide whether to abandon one or the other of the two terms, or how to delimit them, it is important to know the extent of this overlap. The Pb :U ratio, though not to be depended upon too minutely, does give a real idea of the age of a mineral as it increases with the decay of uranium, and so is greater the longer the time since the uranium was separated: and there are reasonable prospects of help there from in getting a knowledge of the relative age of different granites to assist in solving the problem, as facts already collected show. 1. Historical review of the use of the words Laurentian and Huronian: 2. Difficulty encountered: 3. Popular account of atomic disintegration: 4. Methods of estimating age by it: 5. Applications.

Jan 1, 1925

By Dale L. Pitt

Introduction In opening up a new country, one of the most vital problems is that of transportation Without roads, railways, or water routes, development is very slow because these are the arteries through which the life-blood of the country flows. British Columbia is unusually fortunate in having along its western coast, for some 600 miles, a stretch of inside water unequalled, for comfortable and safe navigation, by any other similar stretch of ocean in the world. This solves in a general way the major north and south transportation problem for the coast section, and offers comparatively cheap rates for the shipping of all commodities. The principal cities and centres of distribution will naturally grow up on the coast. These cities, however, must have methods of communication with the hinterland, and it is the necessity of supplying these, as feeders to the principal ports, which presents problems of considerable magnitude.

Jan 1, 1930

By R. S. Bigelow

Part 1.- Metal Mines Early experiments with mechanical loaders in metal mines were confined largely to machines of the shovelling type and generally air-operated. Although the first application of the scraper to metal mines dates back to 1910, it was not until about twelve years ago that it came to be used extensively. Generally, the scraper gives better results in metal mines than in coal mines, as degradation due to soft bottom and breakage are not factors, but it has a wide range of application and is successfully used in the mining of salt, potash, gypsum, zinc, copper, and a variety of ores, from soft material to hard chunky ore which settles compactly. Today, the scraper has replaced to a large extent the shovelling type of machine in metal mines. Scrapers have offered an inexpensive solution for the mucking problem and are now employed in most mining districts throughout the world. They are operated by labourers of all colours and degrees of skill. Each installation, however, requires individual study on the part of the mine mechanical department to determine the type of scraper, horsepower of hoist, and most economical speed of rope, as well as method of rope rigging. Unfortunately, the scraper has no power to select pay ore from waste and its suitability for use under circumstances which might require sorting of the ore can only be decided by a weighing of the economic factors involved

Jan 1, 1931

By R. K. Borden

Rio Tinto is committed to proactive mineral waste and acid rock drainage management. Corporate requirements are closely aligned with the GARD Guide principles of early geochemical characterization and prediction followed by selection and implementation of management strategies to prevent or minimize ARD. Each operation is required to design and implement an ARD and Mineral Waste Management Plan. Successful implementation of the plan requires commitment at all levels of the company, from senior management, to geologists, mine planners, environmental staff and equipment operators. Examples of the successful integration of ARD management strategies into mine operations are cited from several mines.

Jan 1, 2011

By W. Dingley, G. R. Hoey

"AbstractWear of six types of grinding balls was compared with and without corrosion inhibition in grinding Ni-Cu sulphide and hematite ores in laboratory ball mills. Forged steel balls (Rc 60 to 65) and three types of white cast iron balls (Rc 50 to 65) were susceptible to corrosive wear and two types of stainless steel balls [AISI Type 440C (Rc 65) and AISI Type 302 is; 35)] were relatively immune. The relative wear rates of the five types of hard balls (Rc 50 to 65) were dependent on the corrosivity of the ore. Ranking of the hard balls with respect to wear resistance was consistent for the sulphide and hematite ores in the presence of corrosion inhibition, whereas their ranking was different for the two ores in the absence of inhibition.The electrochemical potential of the grinding balls was measured during grinding and was found to be a useful measurement for assessing the susceptibility of an alloy to corrosive wear. Reduction of ball wear for forged steel and white cast irons with corrosion inhibition was concomitant with a shift of ball potential to less active values. Ball potentials in the presence of inhibition were indicative of non-corroding metal surfaces.IntroductionA PREVIOUS STUDY by the authors (1) showed that corrosion inhibitors - sodium nitrite, sodium chromate and sodium metasilicate - reduced wear of forged steel grinding balls by up to 49% in grinding Ni-Cu sulphide ore. Although the mechanism of wear reduction was not elucidated, it was concluded that corrosion must play a significant role in the wear of grinding media. Remark and Wick (2) of Battelle Pacific Northwest Laboratories have also evaluated corrosion inhibitors for the reduction of metal wear using abrasive and n on- abrasive te sting procedures. Their research was sponsored by 16 companies throughout the world. Preliminary results indicated that anodic inhibitors prevent from one-fourth to one-half of the loss due to corrosion."

Jan 1, 1977

IDS: The Company IDS Ingegneria Dei Sistemi, founded in 1980, is a world leader as a high technology solution provider in selected niche defense and civil market sectors ? Private and Independent ? IDS?s Quality System is certified ISO 9001 Ed. 2000 ? IDS has the highest Military Clearance ? Continuously measure (24x7) mine wall movements with sub-millimetric accuracy at long distance (up to 4 Km) ? Provide reliable early warning for progressive slope movements potentially leading to mining wall failures ?Map the long term evolution of slow moving slopes to get a better knowledge of the rock mass strength

Aug 1, 2013

By M. J. Collins, B. Parekh, A. Hasenbank, B. Hewitt

Newcrest Mining Limited, originally as Lihir Gold, has operated a pressure oxidation plant for the recovery of gold from refractory ore since 1997. The mine and gold plant are located on Lihir Island in Papua New Guinea. Design of the original pressure oxidation circuit was based on the results of pilot plant tests conducted by Sherritt in Fort Saskatchewan. Following a decision to expand the plant in 2008, Lihir Gold contracted Sherritt to design a new autoclave. The design exercise utilized the original pilot plant test results, commercial process results at Lihir, and an understanding of advances in autoclave technology since the original plant was built. The new Lihir autoclave will be the largest horizontal, multiple-compartment autoclave in the world. The design process for the pressure oxidation expansion is described in this paper.

Jan 1, 2011

By B. C. Jago, H. Derbuch

"The Freightrain kimberlite is located on the Brodeur Peninsula, Baffin Island, Nunavut. Twin Mining is exploring the pipe and adjacent land (79 claims/655 km2) using a combination of airborne geophysics, soil sampling, diamond drilling, trenching and bulk sample processing. The pipe originally was discovered by Cominco Limited in 1975, re-evaluated in 1993 by Lumina Investment Corporation, when it was staked as the Zulu pipe, and subsequently covered by three claims in 1998 by Helix Resources who called it Freightrain.The Freightrain pipe coincides with a strong, ovoid-shaped aeromagnetic anomaly. It is the only surface exposure of kimberlite within a 30 km long linear trend of fourteen aeromagnetic anomalies that are up to 600 m in diameter.The pipe is exposed in the crater facies, near the transition into diatreme facies as indicated by the occurrence of pyroclastic kimberlite characterized by abundant olivine macrocrysts, juvenile lapilli and kimberlite autoliths set in a serpentine-calcite matrix. Olivine, Cr-pyrope garnet and chromite are the most abundant macrocrysts; clinopyroxene, ilmenite and phlogopite mica occur in minor to trace amounts. Garnet and chromite harzburgite, garnet lherzolite, garnet-spinel lherzolite and rare eclogite dominate the xenolith population.Garnet and chromite mineral chemistry indicate encouraging diamond prospectivity and that potentially diamondiferous garnet and chromite harzburgite were the principal sources of diamond in the mantle at the time of kimberlite eruption.Single clinopyroxene grains define an ~42 mW/m2 sub-continental geotherm that is rooted in the diamond stability field. This compares to a slightly hotter geotherm (~48 mW/m2) for adjacent Somerset Island kimberlites with an origin in the graphite stability field. This data accords with the general lack of sub-calcic Cr-pyrope garnet, diamond inclusion chromite and diamond in Somerset Island kimberlites."

Jan 1, 2002

By K. J. Heale, G. G. Richards, D. J. Rioux, R. L. Stephens

Slag fuming has remained a key process for the recovery of Zn, Pb, and minor elements in the integrated flow sheet at Teck Cominco's Trail Operations for more than 75 years. Since the start-up of the KIVCETTM process and the #3 slag fuming furnace in 1997, a range of process intensification projects have been completed to improve metals recoveries and throughput based on improved process control, mechanical modifications, and, most recently, the implementation of oxygen enrichment of the blast air. This latter project, initially named 'nitrogen depletion' and now 'nitrogen oxygen performance enhancement' (NOPE), is the primary focus of this paper. NOPE reduces the amount of heat required to heat the inert nitrogen gas, and therefore more of the energy input can be used for reduction. It also frees up boiler capacity because the inert nitrogen gas does not then have to be cooled down. A dynamic METSIMTM model was developed to determine the opportunities to improve the process capacity and heat balance to both assist with justifying the project and to verify the observed furnace behaviour. Several process safety management issues were also addressed and a few key minor mechanical modifications were made to allow the project to proceed to commercial implementation at 25% blast air oxygen enrichment. Short term plant trials have confirmed the model predictions. The first three months of a long term, continuous trial showed a 6% increase in zinc fuming rate from average furnace performance despite the implementation of a KIVCETTM fluxing change to assist with minor element recovery that was expected to negatively impact the zinc fuming rate by 3 to 5%. This encouraging result is also in line with the model predictions.

Jan 1, 2008