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By C. Morlot, C. Auvray, E. Fourreau, J. Talandier

"During the excavation of underground galleries in a rock mass, reorganisation of the stress field around the site results in damage to the surrounding material. In the framework of research undertaken at the ANDRA underground laboratory in France, galleries have been excavated in a Callovo-Oxfordian argillite formation. The damage has manifest as a number of fracture systems in the adjacent rock. Observations have shown that fractures generated during excavation and storage exploitation are able to self-seal during re-saturation of the site in the post-closure stage. Although indirect evidence for argillite self-sealing has previously been reported, from experiments performed both in situ and on samples, no direct observations of self-sealing have yet been made.For the present study, we performed a range of self-sealing experiments using a newly-developed triaxial compression cell placed within a nano-CT scanner with a 10 µm resolution. The body of the compression cell is X-ray transparent, allowing sample healing to be monitored directly. The samples contained an artificial fracture that had been generated in the laboratory, into which a fluid was injected. The fractures were orientated either perpendicular or parallel to the plane of anisotropy of the material. Our initial results demonstrate that when fluid is injected perpendicular to the plane of anisotropy, the flow-rate has no apparent influence on the kinetics of fracture closure. Permeability varies significantly, from 2.10-14 to 2.10-18 m2 over 116 hours. Post-test observations of the fracture lips show swelling that appears to be orientated perpendicular to the fracture plane and therefore parallel to the plane of anisotropy. Initial results for an injection parallel to the plane of anisotropy suggest that, in this case, the rate of flow affects the kinetics of fracture closure. For a flow-rate of 0.25 ml/min, closure begins after around one minute. In contrast, for a rate of 0.05 ml/min, it is necessary to wait several minutes before partial sealing of the zone is observed. The reduction in permeability is again significant, from 2.10-15 to 4.10-18 m2 over 96 hours. After completion of the test, swelling was observed in elongated zones that lie parallel to the fracture plane and therefore to the plane of anisotropy."

Jan 1, 2015

By Bern Klein

Motivation for Improved Energy Efficiency in Mining ? Canada potentially adopting Greenhouse Gas Emissions and Intensity Legislation in 2013 ? BC -Climate Action Plan and Energy Conservation Agreement in 2008 ? BC Energy Plan 2007 -BC Hydro is mandated to save 50% of new load growth ? TSM Initiative -Energy Management, Energy Reporting, Setting Energy Targets, GHG Management BC MOU for Energy Conservation Agreement -MEMPR, MABC, BC Hydro

May 1, 2010

By Tom C. Palangio

The mining industry has come to rely on imaging devices to monitor and record all kinds of activities. We use them to measure, improve the process, ensure security, increase production and automate machinery. Cameras can be installed in locations most people wouldn?t want to live and be our ?eyes? to record the events at that location. This paper discusses digital imaging, the equipment, methods, techniques and information that can be learned from digital devices used in mining operations. The guy who said ?a picture is worth a thousand words? probably understated it. Images are the perfect way to document conditions before, after and even during mining activities. Today?s wide choice of cameras, camcorders and other digital devices allow us to record most activities and events. The technology is advancing at a high rate. Digital cameras and camcorders are marvels of technology with high resolution optics, compact size, automatic time and date stamp, great battery life, shutters to freeze motion and computers to auto focus and eliminate jitter (image stabilization). Add to this the economical price and ease of use and everyone in this industry should be aware of the possibilities.

Oct 1, 2010

By R R. Wainwright

Friction-type hoists have been in operation at Geco Mines Limited since Septtember, 1957. At the end of the year 1963, the skip hoist had handled nearly ~ million tons of ore and waste. In March, 1962, with the deepening of the shaft, the hoisting de11th was increased from 1,450 to 2,450 feet. Operating experience with the hoists, hoist and balance ropes, rope treads and other related equipment is presented. The paper is intended to supplement an earlier one -"Heavy-Duty Friction Hoisting at Geco Mines," by W. M. Harvey (C.I.M. Transactions, Volume LXIII, 1960, pp. 193 -197). General G ECO Mine Limited is located at Manitouwadge, Ontario, approximately 160 miles east of Port Arthur and 190 mile northwest of Sault Ste. Marie. The Company was formed to exploit a copper-zinc-silver orebody, with current ore reserve (1963) of approximately 21 million tons. The production plant was designed to mine and treat 1.25 million tons per annum. The production and service hoists are mounted at-the top of a reinforced concrete tower above the shaft.

Jan 1, 1965

By H. Hao

This paper outlines the development of a 2-D axisymmetric mathematical model to predict the evolution of temperature during the Direct Chill (DC) casting of AZ31 magnesium billets. Model predictions of temperature have been compared to measurements made on an industrial DC casting machine at Timminco Ltd, in Haley, Ontario. These measurements have been used to fine-tune the thermal boundary conditions employed in the mathematical model, The model, which is based on the commercial finite-element code ABAQUS, has been developed as part of a strategic project aimed at improving the DC casting process for light metals through a reduction in casting related defects and increased productivity.

Jan 1, 2004

By H. A. Bilgin, G. G. U. Aldas

"Ground vibration is the natural result of the blasting process. Many empirical formulae and methodologies including analysis of travel path effects have been developed. The scaled distance, which is the most popular approach for the calculation of the attenuation of particle velocity in the ground, has led to significant advances in the prediction of particle velocity when both explosive charge and distance vary. However, this approach does not consider the effect of ground anisotropy and existence of structural geological features on ground vibration. Therefore, in this study, the effects of these rock mass properties on types, amplitudes, and frequencies of ground vibration waves at four surface mines are examined. The results, which were implemented at Kangal coal mine, Bastas quarry and Kíbrís quarry, provided guidance for the extensive study at Orhaneli surface coal mine.As a result of the study, the authors came to the conclusion that vibration amplitudes change depending on the ground on which sensors were deployed and the conditions depending on whether measurements were done near major structural geological features. It was determined that the vibration amplitudes, measured at equal distances from the source but in different directions, change because of the propagation velocity anisotropy. Besides the change of wave type due to the kind of ground at the measurement location, it was determined that vibration anomolies were due to structural features."

Jan 1, 2004

By L. M. Southwick

"The history of extractive metallurgy is replete with examples of commercializing new processing technologies. The successes are widely reported, but failures seldom are. This is unfortunate, for usually we can learn more specifics on how to succeed in technology development by studying and thoroughly understanding their failures. Frequently one encounters a red herring that caused the whole effort to fail. A thorough and objective due diligence up front would have identified those red herrings and prevented the pursuit of a bad idea and the resulting destruction of capital. Due diligent analyzes performed before construction of three such bad ideas will be discussed. One is an EAF dust process, which pursued the red herrings of a poor understanding of the business, a naïve view of past experience, and false confidence in the technology. Another will examine the effort to commercialize a new pressure copper leach process that followed the red herrings of inadequate testing of the raw material, application of processing conditions that were inherently unsafe, and an improper assessment of the inherent advantages of past developments. The last is an alternative iron-making process, where the red herrings were incomplete and superficial assessment of prior pilot plant and demonstration plant tests, an assumption that the commercialization model of “build it and we will make it run” was viable, and a technology whose technical fatal flaws had already been identified. Unfortunately, capital destruction often also closes the window to more intelligent pursuit of technology development. TECHNOLOGY COMMERCIALIZATIONThe development and commercialization of new technology is a vital part of keeping industry profitable, able to deal with new sorts of feed stocks and current with economic, product, operational and environmental requirements. This is a difficult task in the best of times, and can be compounded when the developers become enamored of a particularly favorable characteristic of the project or of the product. These “red herrings” divert project focus away from the arduous path to success and, in the end, result in project failure."

Jan 1, 2012

By Jean Cayouette, Paul Blatter, Paul Cousin

"The Laronde mill was commissioned in 1988 and has been treating the Laronde Penna ore since 2000. The Laronde plant, situated in the Abitibi region of Quebec, has experienced mill expansions to accommodate 7500 mtpd and to recover gold and silver as well as important amounts of base metals (Cu, Zn, Pb). Ten sequential metallurgical and environmental processes are responsible for metals recovery and process viability. Over 200,000 ounces of gold, 4,5 million ounces of silver, 7000 tonnes of copper, and 78,000 tonnes of zinc are produced annually.In 2008, the Goldex plant began trucking high grade (35-45 g/t Au) pyrite sulphide concentrate (TCGO) for gold extraction at a newly constructed treatment plant, increasing gold output at Laronde by 40,000 ounces. In 2009, the high gold grade Lapa ore processing facilities were annexed to the Laronde plant increasing output by 120,000 ounces of gold. TCGO and Lapa productions are forecasted until 2018 and 2015 respectively, with known reserves of each mine.Today, up to 140 permanent employees run and optimise the Laronde plant operation. As a result, Laronde has intricacies intrinsic to a large and varied operation. The paper will outline the metallurgical highlights, challenges, and future outlook related to the treatment of each ore type (Laronde, TCGO, and Lapa).INTRODUCTIONFollowing the 2000 to 2003 expansions, the Laronde plant evolved into a mature milling complex with developed processing, man power, and water treatment capabilities able to accommodate the complex Laronde ore. The ore requires a series of grinding, copper/lead flotation and separation, zinc flotation, zinc tails precious metals leaching, followed by a counter-current decantation circuit and Merrill Crowe precipitation. A paste backfill and SO2-air cyanide destruction operate intermittently. The tailings area has a dedicated cyanide destruction and metals precipitation plant prior to water recycling to the mill. A biological water treatment plant was put into service in 2004 to address the build-up of thiocyanate in the tailings ponds at Laronde. This was the result of the high sulphide content of the Laronde ore and 90% recirculation of the process water. The plant uses bacteria to oxidize and destroy thiocyanate, and removes phosphate from the water before it is released to the environment."

Jan 1, 2011

By John Hoffert, Darren Colwell, Greg Tucker, Jeremy Kinch, Greg Rasmussen

"The Kemess Mine, a major producer of gold and copper, is located in north-central British Columbia. Kemess was brought into production in May 1998 by Royal Oak Mines. On February 11, 2000 Northgate Exploration Limited acquired Kemess Mine from receivership. Since acquisition in 2000 Kemess has seen many accomplishments, including the reduction of costs by 40%.One of the largest site capital costs was the construction of the tailings storage facility dam, which when finished will be one of the largest earth filled dam structures of its type. The existing construction design by AMEC called for a kilometer wide rock dam to be built from the 1350 M elevation to the 1504 M elevation at a 5.5:1 slope by hauling over 30 million tonnes of non-acid generating waste rock 7-kilometers from the open pit to the tailings dam, which was highly expensive.Kemess realized an opportunity for cost reduction was possible if the dam could be built from suitable quality tailings sand; however the sand did not meet the neutralizing potential ratio specifications. It was determined that cycloning combined with flotation to reduce pyrite concentration in the sand would produce a non-acid generating product for dam construction. The sand plant design challenges were to remove the sulphides from the tailings to obtain an NPR greater than 2:1 and provide a consistent sand product for the construction with a fines content of less than 15% passing 200 mesh. After a 2-year testing design and construction period, the sand plant was successfully started at the end 2002 resulting in higher than expected sand quality and production rates.This paper describes the plant design phase, commissioning, and operation of the tailings sand plant for construction of the tailing storage facility dam to enable us to meet all the engineering and regulatory requirements. The many challenges faced were successfully met using several innovative designs. The operational, economic, and environmental benefits are detailed."

Jan 1, 2004

By W. J. Witte, M. K. Witte

"The purpose of this report is to present a generalized preliminary design and cost estimates for a typical heap leach operation such as might be undertaken in Northern Ontario. This report should be of value to anyone in the mining industry planning, or contemplating, a heap leaching operation in Ontario, either on a large or small scale. While more detailed costing and design work will obviously be required for each specific project being contemplated, the data provided in this report should enable parties to make preliminary estimates of the costs of proposed projects and should identify most of the planning and design parameters that will need to be considered.Although heap leaching has been used extensively as a low cost gold recovery method in other parts of the world for many years, it has only recently become of interest to the Canadian mining industry.In order to investigate and demonstrate the feasibility of using heap leaching in Ontario, the Ontario Ministry of Natural Resources in 1982, undertook to locate a private sector proponent willing to undertake a 10,000 ton demonstration project. This project was to have been carried out at a production scale under normal northern Ontario field conditions. The Ministry was to have provided technical management and design for the designated project."

Jan 1, 1985

By B. W. Clyburn

"Coals from the Corporation's Lingan and No. 26 mines are classified as high-volatile A bituminous, with a very low inherent ash and containing all essential properties to provide metallurgical coal, with the exception of a high sulphur content. Only through proper cleaning at low specific gravity can the pyritic sulphur fraction of the coal be liberated to an extent where final sulphur meets coking standards. This first section of the paper deals with the operation of a Dutch State Mines heavy-media cyclone circuit to achieve an actual separation in the region of 1.30 specific gravity. A discussion of the parameter of control which must be applied along with an appraisal of the results obtained is included in the paper.Introduction Very high fluidity and unusually low ash are the outstanding characteristics of coal from Devco's mines in the Harbour seam of the Sydney coal field. However, sulphur content, mainly pyritic, ranges from 1 to 2.50Jo. To obtain the low and consistent sulphur level required in metallurgical coking coals, preparation at low specific gravity is required. Metallurgical coke is used as the fuel in an iron blast furnace. Its sulphur content largely determines the quantity of slag required to remove it and therefore influences furnace productivity and unit costs. Typical data on the various coal properties of importance in the production of coke are included in Table 1."

Jan 1, 1985

By Jason Clarke, André R. Laplante

"The gravity-recoverable gold (GRG) ore characterization test was developed 15 years ago and has been applied to hundreds of ore samples. The test accurately determines the size distribution of GRG, at which grind it is recoverable, and the extent of its liberation above 150 µm. This contribution shows how the test can be simplified, what are the likely problems to occur, and what information is then lost. Two simplified versions of the test are presented, of which the simplest, grinding a 20-kg sample to a P80 of 75 µm, is retained as the best one. A database of 18 comparative tests is presented. The choice of the full GRG test vs. the simple test is discussed, as is the deportment of the GRG recovered in the standard test but not in the simplest test.INTRODUCTIONThe GRG test was developed in 1990 to characterize the progressive liberation of gold in representative samples of ores, with the primary objective of generating data for a gold gravity recovery model (Woodcock and Laplante, 1993; Laplante et al., 2000). Characterization includes the size distribution of GRG as well as the grind size at which it becomes recoverable. This is achieved in a 3-stage protocol of liberation and recovery using a laboratory centrifuge unit, a Laboratory Knelson Concentrator 3 inches in diameter (KC MD3). This protocol is shown in Figure 1. The first stage takes place at a F100 of 850 ?m (F80 of ~550 ?m), the second at F80 of 180 ?m, and the third at a P80 of 75 ?m. The rationale for the three cycles is the desire to preserve the original size distribution of the gold grains in the ore and to obtain a recovery grind size curve. The feed is a representative sample of ore that can be extracted from ore samples (e.g. drill core reject) or stream products of the grinding circuit other than circulating loads or product having undergone hydraulic classification (e.g. rod mill discharge or SAG screen undersize). Ideally the samples should weigh between 60 and 100 kg, depending on feed grade and gold top size. It is beyond the scope of this paper to fully discuss measures of representativity in the ore sample, for example Gy’s minimum sample mass model (Gy, 1979). However, further work in this regard may be an opportunity. The large initial weight facilitates representativity and minimizes weight and sulphide recovery to the concentrate (since concentrate weight is relatively constant at ~100 g), which limits the recovery of gold in nonsulphide gangue or gold carriers (i.e. sulphides). Thus, the 100 g concentrate carries principally discrete gold species, such as electrum, and native gold. The concentrate and a 600-g representative sample of gangue of each stage are screened down to 20 ?m and each size class is fire assayed (the concentrates to extinction, the tails up to 30 g per size class). The five coarsest size fractions of stage-1 concentrate are individually upgraded using a hydrosizer and the concentrates examined with an optical microscope to assess the degree of liberation of the gold phase. Scanning electron microscope work has established that the GRG has an excellent degree of liberation below 150 ?m in stage 1 and generally a good degree of liberation in stages 2 and 3 (Guerney et al., 2003); as a result the size distribution of the GRG has been found to approach closely that of gold grains (Nesset et al. 2005)."

Jan 1, 2006

By Nathan P. Schmidt

Climate and hydrology data are required during all phases of mining projects, including impact assessment, mine planning and design, operational water management and mine closure and reclamation design. In the Canadian north, data sources are spatially sparse and often short-term in nature, and design parameters are often estimated based on data collected at sites far distant. Confidence in such data can be increased by verification or modification using data collected during properly implemented baseline and operational monitoring programs. A data set that accurately reflects conditions at the project is more readily accepted by regulatory agencies during the permitting process, and allows development of more effective and economic water management, mitigation measures and compensation. Data requirements and collection methods for developing an adequate data set for mine development are reviewed. These are illustrated using examples from oil sands, diamond and metal mines in the Canadian north.

May 1, 2004

By N. Coli

The exhausted Santa Barbara open pit mine (Tuscany, Italy), owned by the main electric power company in Italy (ENEL S.p.A,) extracted lignite as a fuel for the Santa Barbara thermoelectric power plant. The mining activity led to the excavation of a wide slope (with maximum height of 200 m and a planar extension of about 1300 m x 500 m) in the Shale Limestone Chaotic Complex (SLCC) (Figure 1). Since the beginning of its excavation the slope underwent rotational landslides and diffuse instability phenomena. From a geotechnical point of view the SLCC represents a typical bimrock (block-in-matrix rock) (Medley 1994, Medley 2002, Medley 2007) characterized by a mixture of a highly sheared, scaly-fabric, clayey matrix and calcareous blocks ranging from a few millimetres to tens of metres in size. Since the geometrical properties of blocks (grain-size distribution, shape, orientation and volumetric proportion) have been proved to influence the mechanical behaviour of bimrocks (Lindquist & Goodman 1994, Goodman & Ahlgren 2000, Kim et al. 2004, Sonmez et al. 2006), the aim of the present study is to investigate the geometrical properties of calcareous blocks in order to properly characterize the mechanical behaviour of the SLCC bimrock and to further assess the stability of the slope. Block size-distribution and shape were investigated by means of advanced image analysis techniques of SLCC pictures taken in the field. Geostatistical semivariograms and variographic maps were also used in order to investigate the anisotropy of block spatial distribution. Finally, in-situ large sized sieving tests were carried out to investigate the volumetric block proportion within the clayey matrix.

May 1, 2009

By A. F. Sirianni

The Peace River iron ore deposit represents the sole source of raw material for an integrated steel industry in Alberta. The ore has proved refractory to beneficiation by a number of techniques. A selective oil-phase agglomeration technique is described. Medium-grade concentrates, analyzing 48-53% Fe and 10-14% SiO2 were obtained with recoveries of about 75% of the total iron. These results appear to represent the optimum possible for this ore body.

Jan 1, 1977

By G. Styles, K. Lye, R. Tenbergen, M. Mayhew

Requirements to produce a higher bulk concentrate grade have necessitated extensive use of on-stream analyser data and computer programming to obtain the targets set for Frood Stobie Mill as required by overall milling considerations.A brief history of milling process changes associated with the changes from a low grade (3% Ni) bulk concentrate in the sixties to a high (6 to 8.5%). Nil bulk concentrate currently will be presented.The heart of the presentation will be the computer control schemes for ""self optimisation"" of the distinct flotation sections in the plant within certain restraints to achieve targets set by the mill metallurgist.

Jan 1, 1985

By C. G. McLachlan

Abstract This paper deals with the application of the cyanide process to recover gold from a pyrite concentrate produced by means of differential flotation. This concentrate before cyanidation contains from 0.09 oz. to 0.14 oz. gold per ton, of which only about 60 per cent is recoverable. The rest is so fine that it remains interlocked in the pyrite and therefore is not acted on by the cyanide. The concentrate also contains about 15 per cent pyrrhotite and 0.4 per cent chalcopyrite, both of which are cyanicides. The cyanicidal effect of the pyrrhotite is inhibited by preacracing the pulp with lime, and maintaining a high lime alkalinity during cyanidation. The effect of the chalcopyrice is reduced as far as possible by removing those particles which are free by means of a further flotation step immediately prior to cyanidation. This involves the flotation of some very fine material. After nullifying as far as possible these two cyanicides, the concentrate is cyanided directly, i.e., without being roasted. This leaves the pyrite available for subsequent sale as a source of sulphur dioxide and sulphuric acid, and the entire residue of the cyamde plant, amounting to about 500 tons per day, 1s now being disposed of in this way. Prior to deciding on direct cyanidation, a number of laboratory roasting tests were made. These showed chat, 1f proper control were exercised, a better recovery of gold could be effected from the roasted product than by the direct method of treatment. The tests also showed that the capital cost o the plant would be much higher than that needed for the procedure adopted. The possibility of subsequently selling the pyrite for its sulphur content would also have been eliminated. Introduction A previous paper has described in considerable detail the application of the flotation process to improve gold recovery from Noranda's milling ore, and in so doing has covered the production of an auriferous pyrite concentrate. The present paper deals with the recovery of gold by cyanidation from that concentrate. This gold, though intimately associated with the pyrite, can, for metallurgical purposes, be considered as all occuring in the native state.

Jan 1, 1946

By James A. Finch

"I offer a personal view of what the next 30 years holds for mineral processing. Re-stating that mineral processing will remain a vibrant industry in raw material production, growth opportunities in waste management are identified. The processing sequence familiar now (mining -mineral processing -extraction) will become more interwoven. In situ processing (i.e., milling underground) will evolve from concept to demonstration. Opportunities to exploit physical properties altered in chemical (pyro-and hydro-) processing will present themselves. In primary grinding, the path to AG/SAG milling will progress with little deviation but opportunities in regrinding are wide open. Flotation will see the trend to designing bubble/particle reactors accelerate simultaneously with a vigorous response from mechanical cell suppliers. Gravity separation remains a bastion of the lone inventor but I anticipate that the new lines will come from the waste management business. I finish by examining the ""research cycle"", identifying growth in small ""high tech"" companies and university research centres.IntroductionI have been asked to offer a personal view of""where we are going in mineral processing?"". Gazing into crystal balls is quite a cottage industry as we approach the end of the millennium. Academics are often asked to assume the role of visionary, I presume because it is considered in their mandate, to reflect and philosophize (or, less charitably, because they are considered to have the time). Since this is the 30th Annual Canadian Mineral Processors Operators Conference, I am tempted to suggest the next 30 years as my frame of reference. This is about equivalent to one engineer's career or, given it takes typically 15 years to go from concept to realization in mineral process engineering (Napier-Munn, l 997a), about 2 ""invention cycles"". With this length of cycle, much that is familiar now will remain so over the 30 years.Research and development (R&D) is in response to need. The overarching need in mining is to find new ore bodies. Process developments cannot compensate for a depleting deposit or a declining commodity price. Mineral processing R&D is characterized by incremental gains, aimed at pushing the mine down the cost per tonne league table. Breakthroughs are the exception (flotation at the turn of the century was one). This must be kept in mind when trying to predict the future in our business."

Jan 1, 1998

By N. Novikov, M. Jastrzebski, N. Kryzhanovskaya, D. Shevchenko, I. Kapran, N. V. Novikov, T. Koehler, B. Zaporozhets

"The PFK FeNi Smelter was re-commissioned by Solway Resources in 2002, ending a long period of economic decline in the adjacent town. In 2009 Hatch was retained to design, supply and install a custom furnace crucible that would accommodate a capacity increase from 34 MW to 40 MW and increase campaign life through binding and cooling technologies, as part of ongoing improvement efforts. The involvement of PFK personnel was critical to the successful integration of the new furnace technology with the existing process and operational practice. The furnace upgrade project was completed in 18 months during 2010 – 2011. Since start-up, the furnace has exceeded production expectations, operating successfully at 42 MW.INTRODUCTIONAfter ceasing operations in the 1990’s, the Pobuzhsky Ferronickel Combine (PFK), located in central Ukraine, was stripped of useful equipment and deteriorated while dormant. The surrounding town experienced a period of economic decline throughout the 1990’s. Solway Industries purchased the complex in 2002 and began a systematic incremental program to re-commission the smelter using both local expertise and specialists from other parts of the former Soviet Union. This led to the re-birth of PFK as a successful toll-smelting complex, and a renaissance for the surrounding economy.As part of the continuing improvement program, PFK approached Hatch in 2009 to study the possibility of a capacity expansion from 34 MW to 40 MW. It was decided, based on the results of the study, to design and install a custom furnace crucible integrating the unique PFK FeNi process with modern Hatch furnace technology. This novel approach had many benefits, including: maximum re-use of existing furnace components (off-gas, feed equipment and transformers), minimal impact on upstream and downstream equipment and building structure, and the retention of a familiar operating regime. The latter was a key factor in the success of the project, as it allowed the extensive operating expertise of the PFK staff to remain highly relevant to the upgraded furnace. This led to minimized capital investment, a rapid start-up and no significant operational challenges switching over to the new equipment incorporating Hatch furnace technology."

Jan 1, 2012

By H. R. Bullis

"Abstract- This paper discusses what appears to be a flaw in the current belief, widely held within the gold mining industry and investment community, that the creation of ever-larger gold mining companies is desirable for mining companies and investors alike. The basis of the flaw is in the underlying assumption that very large gold producers can discover or acquire new gold deposits of the size necessary to replace extracted reserves on a year-on-year basis over the intermediate to long term (i.e., five to ten years and longer). As it will be noted in this paper, deposits of the size required to replace annual production of very large gold producers (VLGPs) are relatively few in number. Although discoveries of new gold deposits continue to be made, they are predominantly in the 0.5 to 2.0 million ounce range. Data represented here suggest that, although gold production from individual VLGPs continues to increase, the change is due to merging or acquiring other companies or projects with similar reserve life profiles. Therefore, the reserve life profiles of VLGPs have remained flat or have decreased.The paper will note recent changes in the industry and the remarkable increase in gold production reported by individual mining companies over the past several years. It will provide an overview of the geographical and geological distribution of known gold deposits and the range of deposit sizes. Finally, the paper will discuss the challenges that face large gold producers in replenishing their reserves that are being depleted at an ever-increasing rate. Unless otherwise stated, all production and reserve data have been taken from company documents in the public domain or publicly available information."

Jan 1, 2001