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By Bruce Gellar

In March, the Prospectors and Developers Association of Canada (PDAC) held its annual conference in Toronto, Ontario. This is the third PDAC meeting the author has attended. The following are some impressions of the meeting. And the author looks forward to the joint meeting of the PDAC and the Canadian Institute of Mining, Metallurgy and Petroleum to be held March 5-10, 2000, entitled Mining Millennium 2000. One of the features of next year’s gathering is a proposed forum of world mining ministers, the first ever to be held anywhere.

Jan 1, 1999

By F. F. von Glehn

There is no doubt that simulated ventilation networks must be adequately verified before they can be extrapolated and used for predictive purposes. There are two general approaches as to how the verification can be established and these are summarised as follows; The first approach is to measure all individual branches with trailing hoses or barometers to get individual pressure drop and flow per branch and then calculate individual resistance factors for input into the software. The simulator is run, checking that the output makes general sense (check some sensitivities if possible). The network is now considered as verified. The pressure drop to be measured is relatively small and thus it is inherent that the measured set of individual K factors will be imprecise no matter how much care is taken in the measurements and the resultant simulations will inherit the same problem. In the second approach, the network is assembled using estimated (Atkinson) K factors (based on physical features of airway, past experience and catalogued typical K factors). Only the main primary flow rates are measured and hence the relative distribution of the primary ventilation in the main airways is determined (probably about 10 off primary air flow measurements). Main critical pressure differentials at main and booster fans and across critical doors are measured (probably about 6 off primary pressure differential measurements need to be made). The simulator is run and the computer model is used to iterate and select an updated suite of K factors so that the flow balances and pressure differentials are correctly simulated (typically only 2 or 3 iterations are all that is needed). The network is now considered as verified. The pressure differences to be measured will be substantial in absolute terms and can be measured with high precision. Also, because only primary flows are measured, these will generally be measured at higher air speed points and hence improved relative accuracy. This leads to more accurate simulation results. This paper examines the advantages and disadvantages of the two approaches. 1 Background

Jan 1, 2009

A description is given of preliminary work done to identify the problems inherent in electrochemical oxidation of metal sulphides, and particularly in the use of powder compacts as anodes in electrolysis. Lead flotation concentrate pressed into a compact can serve as an anode for direct electrowinning of lead according to the reaction PbS -7 Pb2+ +So +2e. No pYrometallurgical step is required, and sulphur is recovered in elemental form.In the experimental work, electrical conductivity of the compacts was achieved by addition of 5·5 per cent of graphite. After compaction at 10-20 tons/sq. in. the anodes were strong and remained intact throughout the electro-oxidation period. Perchlorate electrolyte was used, but fluosilicate electrolyte is also applicable. A sheet of pure lead formed the starting cathode.As anode potential increased above 1·0 V (v. SHE) PbS04 was formed in increasing amount. At 0·90 V, Pb2+ extraction efficiency was 85 per cent. Anode potential was kept low by electrolysing at 60°C and 15 mA/sq. cm., and by improving the porosity of the compact. Other metal sulphides (Zn, Fe, Cu) in the flotation concentrate also oxidize and release metal ions to the electrolyte, which would need to be purified prior to deposition of lead.Power requirement in a laboratory cell was about 0·24 kWh per lb of lead extracted.

Jan 1, 1972

By Charlie Graham, Helen Shang, Ashley Scott, Andrew Hall

"Approaches to Energy Recovery• Upgrading for electricity generation - steam turbines• Direct extraction- process improvement or space heating- support medium for animal or plant growth– fish or microalgae• Heat pumps- space heating/coolingWater Energy Grades• High (150+ °C) - electricity Generation• Medium (26 to 121 °C) - direct extraction• Low (5 to 18 °Celsius)- use of heat pump is required• Temperatures between zones will depend on circumstances for best use."

Jan 1, 2012

By Cang Daqiang, Li Yu, Liu Xiaoming, Zong Yanbin

"Utilization of high-quality heat in melting slag is a great challenge for iron and steel industry. In the paper, a new method is put forward to concurrently utilize heat and slag by converting the melting slag directly into high valued materials, slag glass-ceramic. A glassceramic with a higher basicity of 0.7 than traditional basicity of 0.45 was prepared from steelmaking slag in order to utilize more hot melting slag. Effects of Alz03 on its crystallization processes were researched by XRF, DTA, XRD and SEM. Results show that Alz03 in glassceramic would have great effected on its property. When the Alz03 content ranges within 12%-15%, glass-ceramics with basicity of0.7 could reach the best performances. The change of dominant phase in glass ceramics from akermanite and wollastonite to akermanite and gehlenite would significantly degrade its mechanical property. An increase of Al2O3 content leads to a rise of the viscosity and crystallization activation energy of the glass, while results in increasing sintering temperature and crystallization temperature of glass, which contributed to its fully crystallization and densification process.IntroductionSteel slag is a by-product under a process of converting iron to steel at above 1600°C, and 0.1-0.15 ton molten steel slag would be discharged for producing per ton of steel in the process. The discharged steel slag at 1600°C has heat of 68 kgce/t. In 2012, China's steel output reached 716 million tons, and produces about 100 million tons of steel slag and 68,000 tee of heat in it [1,2]. But at present, utilization of both slag and its heat at 1600°C is a great challenge for iron and steel industry.Dry granulation of melting steel slag by air and then recovering the heat of the hot air are a traditional technology which have not yet been put into practice for very low heat conductivity of the slag and low efficient of heat exchange among the different processes [3,4]. Therefore, a new method for high efficient utilization of both steel slag and its high temperature sensible heat is put forward [5,6], which is on-line reducing and extracting iron from molten steel slag and then directly preparing glass-ceramic by use of the residual molten slag."

Jan 1, 2014

By B. C. Alberts

Planning the use of South Africa's energy resources, especially coal, is of the utmost importance. The State and the mining industry require reliable official estimates of the economically mineable coal reserves for planning purposes. An overview of al the previous reserve estimates is given, with specific attention to the two most recent estimates-those of Petrick and De Jager. The differences between these two estimates are highlighted. The following important aspects are discussed: . the need to update the information regarding South Africa's mineable coal reserves, . the necessity of understanding and agreement between the coal-mining industry and the State department responsible for updating the coal-reserve data, and . the importance of the specific assumptions used in the updating of the data. A downward adjustment of mineable reserve figures is proposed, and the factors that influence the meaningful exploitation of the coal reserves are discussed. A recommendation is made as to how the Waterberg coal reserve should be exploited, and it is concluded that the Soutpansberg Coalfield cannot be exploited economically in the foreseeable future. An evaluation of the status of the coal-export trade is made and compared with the assumptions and targets set at the start of the coal-exportation scheme. The comparison shows the extent to which the exploitation of the coal reserves is being negatively influenced by the current market situation. Recommendations are made regarding planning for the coal-export market, and the aspects that have to be taken into account to keep South Africa in the export market are identified. Reference is made to the fact that the present unrestrained wage and salary adjustments, which show a total disregard of South Africa's poor productivity record, require serious thought and speedy rectification if the country is to survive in the export market. A salary and wage strategy must be developed to suit the specific needs of the Republic of South Africa.

Jan 1, 1987

GENTLEMEN, lt is with much pleasure I meet you tonight at this the second meeting of the Australasian Institute of Mining Engineers, held in Western Australia, and I sincerely thank you for the honour you have conferred upon me in electing me as your President. I greatly appreciate the distinction, and will endeavour to fulfil the duties of the office to the best of my ability, and hope to prove a worthy successor to those gentlemen who have held the position before me. On behalf of the local members of the Institute, I extend a hearty welcome to the members from the other States of the Commonwealth, who have come so far to attend this meeting, and also to the non-members whom we have invited this evening. We are especially pleased to have Mr. Gregory, our Minister of Mines and Railways, and the Government and School of Mines officials with us; and I take this opportunity to thank the Premier, Mr. Gregory, and the Government officials for the assistance given us, and for doing so much to make the visit of our members from the other States so pleasant and instructive. I have also to thank the Mayor and Councillors of Kalgoorlie for the courtesy and hospitality given to our members, which is much appreciated.I assume you want me to follow the time-honoured custom of giving a Presidential address...

Jan 1, 1909

By K. Terhaar

The objective was to determine operating protocols for a lead and silver column flotation cleaner, being considered for installation at Sunshine Mining & Refining Co.'s Kellogg mill in Northern Idaho. In this column, tetrahedrite and galena were floated, and pyrite and other gangue minerals, including siderite and silica, were depressed. The procedure was to develop a dynamic simulation using a linear transfer function approach. The transfer function related cause and effect variables such as the influence of collector and depressant dosages on recovery and grades. Bench-scale flotation tests followed by pilot column testing provided the data used to develop a linear transfer function. The transfer function was derived using a spreadsheet. This model was applied to simulate how the flotation column could be made to respond to disturbances in feed grade. The results were that xanthate, zinc sulfate, and sodium cyanide were found to be suitable controls for grade and recovery. Simulations showed the best sequence of manipulations of these reagents, and these sequences were useful for future operator training. The conclusion was that linear transfer functions were able to simulate lead and silver recovery, develop scenarios for operator training, and provide a foundation for future on-line control.

Jan 1, 1999

By T. J. Goff

Keywords: accurate control, matte level, smelting operations, process control, tapping, sounding bar, electromagnetic measurement [ ] Accurate control of matte levels during primary matte smelting operations is desirable in order to improve process decision-making. High matte levels in the vessel could have to disastrous consequences, particularly in the new generation of intensive smelting furnace with deep-cooled copper coolers. Knowing when to commence tapping and a better understanding of melt times can only be improved if the furnace levels are monitored correctly. At Lonmin Marikana Smelter Division it has long been understood that the matte level information being provided by the manual sounding bar is only as good as the operators? following of measurement procedure, their skill in assessing what the sounding bar is displaying, and their individual interpretation of what they are looking at. This paper sets out to show how this problem was identified as an area of major concern to the plant, how a solution was sought and how an electromagnetic measurement system was installed as an alternative measurement to the matte sounding bar system. Other areas discussed in the paper are the difficulties to be overcome when first installing new equipment and how these teething problems were solved by close co-operation between Lonmin and equipment suppliers, which led to some design modifications to the delivery system. In conclusion the paper discusses the results between the electromagnetic measurement and the manual sounding measurement and how best to integrate the generated data into the plant?s process control system for improved decision making.

Jan 1, 2011

By D. Parks, A. Miller, M. McNinch, R. Jacksha

Each year, hundreds of mine workers are involved in machinery-related accidents. Many of these accidents involve inadequate or improper use of lockout/tagout (LOTO) procedures. To mitigate the occurrence of these accidents, new safety methods are needed to monitor access to hazardous areas around operating machinery, improve documentation/monitoring of maintenance that requires shutdown of the machinery, and prevent unexpected startup or movement during machine maintenance activities. The National Institute for Occupational Safety and Health (NIOSH) is currently researching the application of Internet of Things (IoT) technologies to provide intelligent machine monitoring as part of a comprehensive LOTO program. This paper introduces NIOSH’s two phase implementation of an IoT-based intelligent machine monitoring system. Phase one is the installation of a proof-of-concept system at a concrete batch plant, while phase two involves scaling up the system to include additional sensors, more detailed safety/performance metrics, proximity detection, and predictive failure analysis.

By Juan M. Pestana, Jeremy M. Gasser, Cuneyt Gokmen, Paul J. Sabatini, William Tanner, Daniel J. Woeste

An access pathway and working platform were designed and constructed for equipment access for a Deep Soil Mixing (DSM) pilot study over a coal combustion residual (CCR) surface impoundment (SI). The DSM pilot study was conducted to evaluate slurry mix designs and construction techniques for installing DSM columns up to 95 feet deep. Two-dimensional (2-D) limit equilibrium and 2-D finite element analyses were used to evaluate multiple failure mechanisms including: (i) bearing capacity, (ii) punching shear of mixed ground and underlying CCR, (iii) effect of fluidized DSM columns on working platform stability, and (iv) liquefaction. The analysis results were used to design ground improvement required to increase bearing capacity and stability of the CCR under the proposed equipment access route. A long-reach excavator was used to perform shallow bucket mixing and walk onto the CCR SI atop previously mixed cells following a minimum cure time and acceptance of quality control test results. Prior to mobilizing the DSM rig, a static load test was conducted to evaluate performance of the working platform. Both the access pathway and working platform demonstrated acceptable performance under the design loads during the DSM pilot study. This case study emphasizes the economic and safety benefits that can be realized by appropriately designing critical temporary work items such as access pathways and working platforms in difficult ground conditions. INTRODUCTION A Deep Soil Mixing (DSM) pilot study was conducted at a coal combustion residual (CCR) surface impoundment (SI) to evaluate slurry mix designs and construction techniques for closure design of the SI (Site). Sluicing of CCR at the facility ceased and closure will be initiated based on requirements in the final United States Environmental Protection Agency (USEPA) Rule for Disposal of Coal Combustion Residuals from Electric Utilities, 40 CFR 257, effective October 19, 2015. The proposed closure approach involves constructing a DSM containment structure (DSM Wall) to separate the SI into two areas: (i) a closure by removal area; and (ii) a consolidate and cap-in-place area. The proposed DSM Wall would retain the CCR within the consolidated closure footprint and provide a barrier between the two areas of the SI. The predominant CCR in the SI where the pilot study was conducted were fly ash and bottom ash. CCR materials in surface impoundments are generally soft and saturated as a result of being sluiced into place and can present stability and safety challenges when performing earthwork activities.

Jan 1, 2019

By Terry S. Cory

This report is a comprehensive summary of the results of the propagation measurements program conducted for the US Bureau of Mines under Contract H0366028. Data was gathered in the MF frequency range from a cross sample of six mines representative of the industry having typical wireless requirements. From the raw data which was gathered, a logical method of data reduction is presented which culminates in a set of average attenuation characteristics for all mines visited. These characteristics define a typical MF wireless system when the communication range requirements are known. Direct through-the-earth propagation and the range enhancement mechanism due to coupling on and off conductors are evaluated and related to the planning of a typical wireless MF communications system.

Jan 1, 1977

This evening I would like to speak about men for the mineral industry.It is trite to say that the mining industry is expanding rapidly and that technically trained men are in short supply. How short is difficult to assess and impossible to quantify.The industry has been traditionally managed by technically trained men experienced in the ways of their fellow men. Let us start with the assumption that men with this training and experience are essential to management of mining and metallurgical enterprises.I suggest that we do this as it avoids argument with those who are beginning to suggest that such men are not so important as they used to be; who are suggesting that the latest sophisticated business management schools can produce managers who can straight out of school join the upper echelons of an organization and successfully manage it by the use of modern systems and techniques without the need to rub shoulders with men of all callings and get their hands dirty in the process.This kind of thinking brings to mind the modern cargo ship which is equipped with all the latest gadgets of science. It can find its way from Sydney to Auckland with no one in the engine room and the man on the bridge spending most of his time writing to his wife or reading the latest novel.How often do we read of this ship being tied up in Sydney because the crew sympathizes with the cook who has been slighted by some uncomplimentary remark about his toheroa soup? Here is a pieceof sophisticated machinery stopped through no technical fault, but held up by the whim of man. The understanding of man by man can spell the success or failure of any endeavour. A single man can leadan organization to the pinnacles of success, or doom it to utter failure in spite of modern systems and techniques.So let us start from the point that people matter.Through the years our Institute has been fortunate in having many members who have felt strongly...

Jan 1, 1970

By Ramiro da Conceição do Nascimento, Horst Guenter Feldhagen, Rafael Piumatti de Oliveira

Mixed hydroxide precipitate (MHP) is a nickel intermediate product that has economical benefits to downstream leaching of lateritic marginal ores. Usually, this product is subsequently processed and refined to produce nickel by hydrometallurgy, but an alternative route can be made integrating hydrometallurgy and pyrometallurgy. Assessing the overall consumption of ferroalloys to obtain stainless steel, as an increasing practice performed in China, the synergy of nickel extraction from laterites by leaching and precipitation asMHP with the production ofMHP agglomerates applied as rawmaterial to furnaces of ferronickel production is a very attractive practice. This work aims to further the technological development of an agglomerated product feasible to hydro-pyro integration. The agglomeration experiments were performed by traditional pelletizing (firing the pellets) and cold bonded pelletizing (aging the pellets by appropriate stocking). Appropriate compositionswere prepared withMHP, additives and binders for each of these routes. A specific study of binder composition was made to find an adequate melting point. The produced pellets were tested to prove their properties by crushing strength tests. The standardization applied to iron ore was followed. The best result of crushing strength was 98.52 daN/pellet. The agglomerates with approved crushing strength for use in electric furnaces were smelted to produce alloys containing nickel; the agglomerates were characterized by scanning electron microscopy. The alloy obtained was metallic ferronickel with sulphide precipitates. Therefore, MHP pellets can be precursors of nickel alloys, which have to be refined to obtain the desirable composition.

Jul 6, 2020

By D. Kachongo, Y. Cheng, A. Kashala, D. Samal, G. Mitshabu

Many copper processing flowsheets in the Democratic Republic of Congo include the leaching of oxide ores containing copper and cobalt, copper solvent extraction, copper electrowinning, and precipitation of cobalt salt. Recently, cobalt price gained momentum, driven mostly by the fast-growing electric vehicles battery market. The ore blending scenarios tend to prioritise high cobalt grade ore, whatever the content of copper and other impurities. Therefore, many copper solvent extraction circuits are running below design capacity. The variability of feed induces a variability of the leach solution with respect to copper, manganese, and silica contents. It is thus important to adjust hydrodynamic and metallurgical parameters of the solvent extraction plant to optimise metallurgical performance, production cost, and the quality of the copper electrolyte. This paper presents some results on how solvent extraction plant parameters have been managed in two solvent extraction plants running with lower than designed copper input. INTRODUCTION Referring to a report of the chamber of commerce of the Democratic Republic of Congo (DRC) the online publication Agence Ecofin (2019) indicated that the DRC ranks in the fifth position of the world top copper producing countries with over 1.2 million tons produced in 2018. The same year, 66% of the world’s cobalt was produced in the DRC at over 106,000 tons. If the political situation remained stable and the new tax regime introduced in 2018 did not deter private investors, copper production could reach 1.4 million tons/a in 2020 as pointed out in Mining.com (2019). Forecast figures for DRC cobalt production vary widely depending on analysts. The DRC online magazine Actualité.cd (2018) referring to a ministerial source forecasts over 141,000 t cobalt/a for 2020. The reality will depend on many factors, including the selling price, the supply compared to the demand, and finally the reaction of investors to the new DRC tax regime. The growing electric vehicle batteries market has been the major key driver of the price of cobalt. The five years historical cobalt price graph in figure 1 from infomine.com (2019) shows that the price of cobalt peaked at over 40 USD/lb in the first quarter of 2018. Cited by the online Magazine Creamer Media, Smith (2019) has indicated that the long-term demand of cobalt will likely remain strong.

Jan 1, 2019

By Ragnhild E. Aune, Mark William Kennedy, Shahid Akhtar, Jon Arne Bakken

"To determine the heating rate of billets using ‘short coils’, an appropriate correction factor must be applied to the theoretical relationship. In 1945, Vaughan and Williamson published a semi-empirically modified Nagaoka coefficient applicable for moderate frequency induction heating processes (10 kHz). Recently it was demonstrated that the method of Vaughan and Williamson gives <10% error in the estimated power when heating aluminum billets at 50 Hz.In the present study, experiments have been conducted on aluminum billets in order to verify an empirical frequency corrected ‘short coil’ equation. Measurements of electrical conductivity (<± 0.5%), current (± 1%), heat (± 1-3%), and magnetic flux density (± 1-2%) have been performed. The results are compared with 1D analytical calculations, and 2D axial symmetric FEM modeling using COMSOL 4.2®. The frequency corrected equation has proven to provide accurate predictions of power (<4% error) within the frequency range 50 Hz to 500 kHz.IntroductionInduction heating is commonly applied to the re-heating of billets before forging or extrusion processes. The resistive heating produced by eddy currents in the solid or semi-solid work piece during this procedure, is driven by the time varying magnetic flux density in the air-gap between the work piece and the coil. The flux in the air-gap is created by the current flowing in the induction coil, i.e. the magneto-motive force. In Figure 1 it can be seen that the currents present in the work piece are concentrated in the outer ‘shell’, or the first electromagnetic penetration depth (dw), and flow in a direction which opposes the magnetic field produced by the induction coil."

Jan 1, 2012

By David Newman

In Eastern Kentucky, the Darby seam has had an extensive history of coal bumps and pillar bursts. The combination of high overburden, strong rock and coal, subjacent and superjacent mines, and retreat mining has produced incidences of violent pillar failure. The influence of these factors on pillar stability and the potential to bump is illustrated in two case histories. In the first case history, a bump occurred unexpectedly during the retreat mining of a five heading continuous haulage panel. Alternative cut sequences and pillar dimensions were analyzed to identify a geometry that would reduce the potential for future coal bumps or bounces during retreat mining. The viability of the alternatives was constrained by the reach of the continuous haulage system, the overburden depth, and the presence of thick sandstones in the main roof. Each alternative was numerically modeled cut-by-cut to examine the mechanism of stress transfer, as a pillar row is retreat mined. This approach highlighted which cuts were being made in highly stressed portions of a pillar and therefore more prone to coal outbursts. Validation of the numerical modeling was accomplished by comparing the cuts where bumps and outbursts had occurred underground to the highly stressed cuts shown within the models. Recommendations of the barrier pillar width between adjacent panels, pillar dimensions, and changes in the retreat mining sequence were proposed based upon the overburden thickness, geology, and the result of the numerical modeling. The second case history documents a nine-entry panel 3,600-feet long that was retreat mined a distance of 2,064-feet without a significant roof fall or roof-floor convergence. Mine management became concerned about the potential for a coal bump or a large roof collapse within the gob and the resulting air blast. The stress on the pillar line and within the remnant pillars in the gob was quantified through numerical modeling. Changes in mining practices on the current panel were implemented to avoid a bump in the active panel. A barrier was established between the current and the future panels to protect the future panel against abutment pressures from the void area. A change in pillar centers was proposed in the adjacent panel to absorb the side abutment pressure from the gob of the active panel.

Jan 1, 2008

By William O. Vanderburg

[This circular is one of two papers on the tungsten industry in the United States end contains general information on the subject. The second paper which will be issued in the near future deals with the methods ailed costs of mining and milling tungsten ores. These two papers are abstracts from the general bulletin on tungsten which will be issued at some future time Modern civilization and progress depend largely on tools wherewith the forces of nature are brought under control and directed toward human comfort. These tools are made chiefly from metals derived from the earth&apos;s crust. During the present century powerful tools have been made available through the development of ferrous and. nonferrous alloys containing such elements as molybdenum, vanadium, titanium, tantalum, and tungsten, which were little used before 1900. One of the most important of these so-called rare elements is tungsten; its use ins alloys for high-speed cutting tool is partly responsible for the era of mass production. So widespread has the use of alloys become that the period may be termed an "Alloy Age".]

Jan 1, 1935

By Andrew Howard

As the mining industry moves further into developing countries in search of new resources, its role in international development is coming under increasing scrutiny. This is a trend that is likely to accelerate, along with the potential for headaches among managers in the industry. Public interest in development and environmental issues is rising as faith in “big business” falls. This has strengthened nongovernmental organizations (NGOs) campaigning for sustainable development. And it has put more pressure on banks, governments and development agencies to curb corporate misdemeanors. Developing world governments are also becoming emboldened to reject previously agreed terms they do not consider equitable. The mining industry has begun to formulate a response to these pressures but must go much further. Societal and environmental issues must move from public relations to core strategic thinking. Abiding by rules or codes is not a relevant response. Instead, genuine support for sustainable development is required. This will involve delegating the responsibility for engaging with local communities to on-the-ground staff and developing a dialogue with local stakeholders rather than conducting an initial assessment and disengaging.

Jan 1, 2006

"Investment in diamond exploration has been declining over the past decade, in spite of positive long-term industry fundamentals and a growing interest in diamonds as an investment category. The lack of new significant discoveries in recent years has eroded investor confidence, yet no new discoveries are possible without investment in exploration. Junior ‘mine finders’ have been the hardest hit. Their agility, tenacity, and appetite for risk are not sufficient to attract the funding required, even at the greenfield stage. Developing new discoveries into mineral resources can be crippling without solid financial support. Junior incubators could play a crucial role, especially at the project evaluation stage – but where are they? Alternatives to traditional funding mechanisms have become available, many still untested in the junior diamond exploration space. Valuable lessons can be drawn from the past and used to inform emerging new strategies. IntroductionDiamonds are the ultimate expression of love. Their ancient and timeless allure continues to influence consumer emotions and behaviours across continents, cultures and age groups. Analysts are predicting a sustained supplydemand shortfall in the years ahead which will trend diamond prices generally upwards. With positive long-term industry fundamentals, one cannot help but wonder why funding for diamond exploration and development projects is so scarce.Investment in exploration across commodities – including diamonds – has been declining for a number of years, reaching a historic eleven-year low early in 2017. The lack of major diamond discoveries in recent years has done little to strengthen the case for investing in diamond projects, yet no new discoveries can be made without investment in exploration.Global estimates of known carats in the ground stand currently at 2.5 billion carats, which equates to around 18 years of production at current levels of 140 million carats (mct) per annum. Sustainable replenishment of depleting diamond resources is possible only through the development of new discoveries. This is what junior explorers are best at – but they need investors to fund their evaluation activities from early in the project development continuum."

Feb 1, 2019