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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

By J. M. Toye

The Canadian nuclear fuel business relates primarily to supplying fuel for Candu reactors. The product development, manufacturing and marketing activities of our nuclear fuel industry will therefore be determined by the rate of growth of the Candu nuclear reactor business. The nature of this relationship between the Canadian nuclear fuel industry and the Canadian Heavy Water Reactor program will be considered, with particular reference to the factors influencing future economic growth.

Jan 1, 1969

By D. G. F. Hedley, F. Grant

"In 1958, the Ontario Department of Mines appointed a committee to study the accident situation and mining methods used in the uranium mines in the E1liot Lake district. This committee reviewed the existing knowledge on mine design, pillar support and roof spans and came to the conclusion that scientific knowledge had not yet reached the stage of producing rational design procedures which would reduce the dependence on trial-and-error methods. Since that time, the Mining Research Centre has made numerous stress measurements in two mines to define the pre-mining and pillar stresses. A comprehensive series of tests has been done in the laboratory to measure the compressive strength of the rock; a geological survey of the region has been made to evaluate tectonic stresses; and a survey was done on mining conditions with regard to stable and unstable pillar configurations. This information has been used to evaluate pillar design as effected by pillar width and height, depth below surface, extraction and pre-mining stress fields. The resultant design of pillar widths and corresponding extraction as the depth increased is in line with past and present experience in these mines. The information available on roof stability is still insufficient to design stable stope spans with the same degree of confidence; experience and trial-and-error methods are still required."

Jan 1, 1972

By Jeffrey L. Pagnutti

Train derailment can lead to loss of capital, damage to the environment, and loss of life. Machinery condition monitoring techniques can be used to develop a structural health monitoring system for railway track to detect faults at the incipient stage, before catastrophic failure occurs. This study uses vibration measurements from a novel material haulage unit to develop a decision support system for railway track maintenance. A variety of feature sets and classifiers were compared to determine the optimal configuration for fault detection. The results highlight the shortcomings and advantages of certain methods and describe the process in which the optimal result was obtained. The Parzen data descriptor paired with a refined statistical feature set performed the task of fault detection with less than five percent false positive and false negative classification error. Overall, the outcome of these experiments indicated that condition monitoring of railway systems is a promising approach for fault detection and has the potential to avoid catastrophic failure.

May 1, 2013

By T. R. Raponi

"The Williams Mine, Canada's largest gold mine, processes over 6,000 t/d of ore utilizing SAG/ball milling, leaching and CIP, carbon stripping, electrowinning and refining to produce gold dare bullion.Grinding accounts for over 50% of milling costs with grinding media, power and mill liners making up over 75% of grinding costs. Since 1991, several changes in these areas have been made which have significantly reduced costs, while fineness of grind and mill recovery have both been increased.This paper discusses the changes made in the grinding circuit over the past few years and assesses their impact on operating costs and mill operations.IntroductionThe Williams Mine is located in the Hemlo area of northwestern Ontario, about 40 km east of Marathon. It is operated by the Williams Operation Corporation, which is equally owned by Teck Corp. and Homestake Canada Inc. Canada's largest gold mine, the Williams Mine commenced operation in October 1985 at a rate of 3, 000 t/d. Mill throughputs have typically exceeded design, averaging 3, 397 t/d in 1986, and 3,380 t/d in 1987. In August 1988, production was increased to 6,000 t/d. Throughput averaged 4,212 t/d in 1988. Production increased over the next few years averaging 5,477 t/d in 1989, 6,248 t/d in 1990, 5,987 t/d in 1991, and 6,283 t/d in 1992. With a recovery of over 95.5%, production for the first three quarters in 1993 is averaging 6,408 t/d.GeologyThe main ore body is a steeply dipping conformable zone of microcline-quartz-muscovite rock. It occupies the contact zone between hanging wall metasedimentary rocks and foot wall felsic quartz feldspar porpyritic rocks of possible volcanic or subvolcanic intrusive origin. The ore body is enveloped by muscovite schists which are thickest on the footwall side. The schist is enriched with tourmaline, pyrite, and green mica containing vanadium and barium. The ore body contains pyrite and barite which occurs mostly in laminae and bands to veinlets and breccia fillings. The gold occurs as free (native) grains, 20 to 30 µm in size at grain junctions of the microcline and quartz. Visible gold is rare in the main zone. There are commonly two or more discernable layers of economic value which are separated by weakly gold mineralized material which usually consists of muscovite schist, barite rich zones or sulphide poor-microcline-quartz rock and in the upper and western fringes by biotite rich schist with feldspathic fragmental characteristics. Molybdenite is a common constituent as very fine disseminated grains in the microcline-quartz rock and is most prominent with gold enrichment. Stibnite and realgar are two of the more common accessory sulphides."

Jan 1, 1994

By T. Orser

In 2010 Newmont made the decision to purchase a 42 foot (ft) Semi-Autogenous Grinding (SAG) mill from Metso and a 28 Mega-Watt (MW) Gearless Mill Drive (GMD) from ABB for the Conga Project in Peru. The test and study work showed that a single line 42 ft SAG mill circuit gave the most favorable project economics in comparison to an equivalently powered single line 40 ft SAG mill circuit. This paper does not address the process design or the project economics, but instead focuses on the key aspects of the SAG mill design, GMD design and the associated component manufacturing. This paper also addresses, where applicable, the potential reliability differences between the initially proposed 40 ft SAG mill and the finally accepted 42 ft SAG mill.

Jan 1, 2012

By A. K. Snelgrove

Introduction ?Concerning the inland commodities, as wel to be drawen from this land (Newfoundland) there is nothing which our East and Northe.rly countries of Europe doe yeelde, but the like also may be made in (ît) as plentifully by time and industry : Namely, rosen, pitch . . . metalls, and many moe. All which the countries will aford, and the soyle is apt to yeelde ... For besides these alreadie recounted and infinite moe, the mountains generally make shew of minerall substance : Iron very common, lead, and somewhere copper. I will not auerre of richer metalls: albeit ... more then hope may be concieued thereof. " - Narrative of Captain Hayes, second-in-command to Sir Humphrey Gilbert's Expedition, IJ83 (From Hakluyt). The investigations set forth in the following pages were made in the field in Newfoundland during the summer of 1927, and later in the laboratories and library of McGill University, and in the library of the Canadian Geological Survey at Ottawa, with the purpose of collating and adding to our knowledge of the geology of an area roughly wedge-shaped in outline, and nearly nine thousand square miles in extent, stretching across the centre of the island of Newfoundland, from the southwest to the northeast coasts. To the description of this district, which contains most of the known mineral occurrences of Newfoundland, the term mineral belt is here introduced.

Jan 1, 1928

By A. J. Neale, B. C. Flintoff

"In most mineral processing operations the term audit is usually reserved for the exercise of checking financial records and/ or safety practices. While these activities are time consuming, no one disputes their necessity or value. If we subject these areas to such careful scrutiny, why is it that we don't normally apply the same principles to critically examine process operation. After all, the operating efficiency of the plant impacts directly on the measures of profitability.A mineral processing plant is a complex system that has a number of distinct, but mutually dependent elements: process equipment, instrumentation, operating policies, maintenance policies, control strategies and people. To ensure maximum economic performance, in the dynamic environment that characterizes a concentrator, requires a periodic review of each of these areas. However, to be useful, the study must be based on sound metallurgical principles and be conducted in a highly focused manner. Experience teaches us that the exercise is very revealing and potentially very rewarding.This paper will discuss the process audit process and illustrate its potential value through illustration taken from plant studies.IntroductionThe last twenty years have seen tremendous technological and organizational changes sweep the minerals industry. Process control systems, on-stream analyzers, and gold recovery techniques barely conceived twenty years ago are now incorporated in virtually all new installations in an effort to maximize operating efficiencies. In conjunction with these developments, changes in the way plants are managed, down-sizing of technical staff, reduction in the size of operating crews, and the flattening out of the management structure have significantly reduced operating costs. As a result, plants are making more efficient use of our natural resources, minimizing the costs of production, and in turn maximizing operating profits. Or are they?"

Jan 1, 1991

By G. J. Biefer

"Fatigue and corrosion fatigue measurements were carried out on five commercially available metals -four steels and an aluminum alloy -which are used as structural materials in mine shaft conveyances. In the corrosion fatigue measurements, drain waters collected in the shafts of three different Canadian mines were used as corrodents. The mine waters had been selected on the basis of their relatively large differences in acidity and/ or composition.It was found that the corrosion fatigue strengths of the four steels were similar, despite their differences in tensile properties, and that the type of water used in the tests had little effect on the results. Mild steel showed the highest and most consistent values of the damage ratio (ratio between the corrosion fatigue and the plain fatigue strengths at 107 cycles). The corrosion fatigue behaviour of the aluminum alloy (ASTM Type 6061-T6) was found to differ markedly in the three mine waters. A high damage ratio (i.e., superior performance) was shown in a mine water in which the corrosion attack was uniform; much lower damage ratios were shown in waters which produced localized corrosion attack. Corrosion rates were too low to be deter-mined conveniently by conventional weight-loss methods, but calculations from polarization curves provided a rapid demonstration that corrosion rates were distinctly lower in the mine water which produced high damage ratios."

Jan 1, 1967

By P. Quinn

"The Venturi-aerated flotation column (VAC) is based on a reactor and separator design for a new generation of flotation machines. The reactor is a Venturi tube, where the air/slurry contact takes place with intensive aeration for efficient particle collection. The separator is a column of 1-3 m length that provides quiescent hydrodynamic conditions for effective separation of bubble-particle aggregates from the remaining slurry.Aeration in the Venturi tube occurs via two mechanisms: air dispersion and nucleation (cavitation). By forcing air through a restricted passage with a fast flowing slurry stream, air is dispersed into fine bubbles. Bubble formation due to cavitation occurs on the surface of particles in the low-pressure section of the Venturi, from dissolved air contained in the liquid.Size-by-size recovery and flotation rate constants were determined for a small-scale laboratory Venturi-aerated flotation column. The results were compared to those obtained in a laboratory 2.2 L Denver cell. It is shown that the Venturi-aerated flotation column has slightly slower flotation kinetics to the Denver cell, but with much higher flotation selectivity. A portable Venturi-aerated flotation column can effectively be used to investigate process or equipment problems in operating plants.INTRODUCTIONFlotation processes can generally be divided into two sub-processes: 1) selective collection of hydrophobic particles by air bubbles and 2) separation of bubble-particle aggregates from hydrophilic particles that remain in the pulp. The methods of aeration, or bubble generation, control the mechanism of particle collection by either collision with, and subsequent attachment to bubbles, or by in situ bubble formation on the surfaces of hydrophobic particles. A flotation device should provide optimal aeration conditions for efficient particle collection and a suitable hydrodynamic environment for effective removal of bubble-particle aggregates from the remaining pulp."

Jan 1, 2002

By A. W. Jolliffee

ANY attempt to forecast the mineral resources of a largely unknown region is hazardous and, in the case of the Northwest Territories, such a task is even more hazardous than usual. This is not merely because of the immense territory involved (over a million and a quarter square miles), only a small fraction of which has ever been explored or prospected, but also be-cause both the geology and mineral deposits thus far examined show many unique features, and, finally, because the region is being actively prospected at the present time. However, in view of the present widespread interest in Canada's mineral resources, a brief compilation of what is known regarding mineral occurrences and geology in the explored parts of the far north seems timely. From these assembled data, a few inferences are warranted as to future mineral production from this region. HISTORY The story of mineral discovery in the Canadian northwest is a fascinating one. As well, it abundantly illustrates the importance of mineral occurrences in indicating future mining possibilities. The same sequence of events has repeated itself too often to be merely fortuitous.? In most cases, the dis-covery of a mineral deposit of possible economic value has been foreshadowed by the finding of the valuable mineral or an associated mineral in the same district, generally in small quantity, by an early explorer or traveller. Thus, John Franklin reported oil seepages from the base of Bear Rock, near Nor-man, at almost the very spot where oil was struck nearly one hundred years later. Again, some would-be Klondikers, deterred by the hardships of the route, remained to prospect around Great Slave lake, and were the first to report the Pine Point lead-zinc occurrences there and the gold-bearing veins on Yellowknife bay. Sporadic prospecting followed at the latter locality for over thirty years before the recent rich strikes were made. Similarly, in 1847, Dr. John Rae picked up a boulder of copper ore south of Rankin inlet, on Hudson bay. More than eighty years later, a body of copper-nickel sulphides carrying values in platinum metals was found at this locality. Also, the report of cobalt bloom on the east coast of Great Bear lake brought back by a Geological Survey of Canada party in 1900 was a factor in the events leading to the discovery of silver and radium there in 1930.

Jan 1, 1937

By J. Oyunaa, P. Munkhbaatar, A. Sarnai

"The molybdenum mining process used at Mongolia Erdenet Company is a selective flotation of molybdenite from the copper porphyry ores in which the extraction of molybdenum comes as a byproduct of the ongoing copper production.The mineralogical composition of molybdenum concentrate is 99.4% molybdenite (MoS2), 0.09% molybdenum oxide (MoO3), 0.52% powellite (CaMoO4) and wulfenite (PbMoO4) and content 47.76– 47.92% molybdenum, 1.5–2.67% copper, 0.04% renium.From compared solvents sodium and carbonate and ammonia are like extracted molybdenum than hydrochloric acid, which contained 96.23–97.72 p.c. of its total amount. Hence to take into consideration abundance, cheap and suitable for analysis and processing the molybdenum concentrate ammonia is choosing as a basic solvent. By direct evaporation of ammonia extract solution, we obtained ammonium ortomolybdate, which contains 73.47% MoO3. INTRODUCTIONMolybdenum occurs in the earth’s crust in an abundance of about 10–14%, mainly as molybdenite, MoS2. Small quantities are also associated with other metals having similar chemical properties. Thus wulfenite (PbMoO4) is found in oxidized parts of sulfidic lead deposits in many regions of the world; powellite [Ca(Mo,W)O4] is a calcium molybdate usually formed from the modification of molybdenite in deposits containing tungsten as scheelite (CaWO4) and tungsten substitutes for molybdenum up to about 10%. Ferrimolybdite (Fe2Mo3O12·8H2O) is the product of oxidation of molybdenite in the presence of iron (III) compounds. Molybdenite is the primary source of molybdenum. Should demand for molybdenum rise so that additional sources become necessary, wulfenite, powellite, and ferrimolybdite may become commercially significant. Molybdenum ore is mined by underground and open-pit methods. A typical primary molybdenum ore body contains 0.05–0.25% Mo, and secondary ore bodies (copper porphyry ores) average 0.3–1.6% Cu and 0.01–0.05% Mo. Flotation remains the preferred and almost exclusive method of upgrading the molybdenite mineral to an industrial-grade molybdenite concentrate containing 90–95% MoS2, the balance being gangue (Habashi, 1997)."

Jan 1, 2016

By D. C. Fuller

"CoaLiquid, Inc. (CLI) has been in the coal-oil-mixture (COM) business for over five years. The initial pilot processing facility was replaced by a 2000 barrel per day commercial production facility in August 1979. For over two years CLI has been expanding its efforts and conducting large-scale production and combustion demonstrations successfully in many locations across the United States. To facilitate the marketing effort, CLI has recently constructed a special trailer containing all equipment needed for a temporary COM retrofit.CoaLiquid has conducted commercial-scale combustion demonstrations in the following types of combustion units: kilns, calciners, industrial boilers, blast furnaces and driers.IntroductionCoaLiquid, Inc. officially dedicated its plant on August 31, 1979, at a ceremony presided over by the then Governor of Kentucky, The Honorable Julian Carroll. The dedication marked the culmination of over three years of research and development work and marked the beginning of a new era of coal-oil-mixtures as a commercial commodity in the marketplace. As the first such plant in the United States, it set the tone for construction to follow.CLI was originally owned and managed by a group of entrepreneurs from Kentucky who had developed the process and constructed the plant on purely private investment and conventional financing. Beginning in late 1976, with a pilot-scale operation, also located in Shelbyville, Kentucky (near Louisville), CLI began producing a stable mixture of 50070 coal, 30% to 40% oil and 10% to 20% water by weight. The technology employed was developed by Eric C. Cottell of Long Island, New York and is covered by U.S. Letters Patent No. 3,941,552. Since the pilot plant operation, CoaLiquid has made many refinements to its process and in fact has added new technology to its portfolio of patents and patents pending. Further refinements to the product now produce a stable mixture of 50% coal, 40% No.6 fuel oil and 10% water by weight."

Jan 1, 1985

By Stewart W. Daniel

"Increasing labour costs, the trend to larger mills, the processing of lower grade ores and a diminishing sup-ply of well-trained and experienced mill operators contribute to the necessity of automating a grinding circuit. With sophisticated process control techniques, supervision of the mill line is reduced to an occasional inspection by the shift supervisor. Process operating decisions and/or adjustments are quickly and accurately performed by the electronic devices to be described. When the variables in the grinding circuit are stabilized using the sensors and controllers as discussed, the over-all grinding circuit is maintained at its optimum grinding load level, with ample protection against under-and overloading."

Jan 1, 1967

By M. K. Jain, Z. T. Xu, M. Bruhis, V. Hegedekatte

"Strain rate and temperature dependent deformation conditions are present during elevated temperature forming of aluminum and other metallic materials. While many constitutive laws have been proposed to represent such deformation conditions, a closer investigation often reveals their limited applicability in terms of fit to the experimental data, and interpolation within and extrapolation outside of the range of experimental stress-strain curves. This is often because material-specific primary deformation mechanisms of temperature-dependent strain and strain rate hardening are poorly captured. In the present work, the Voce-Kocks constitutive model based on mechanics of dislocations storage and annihilation has been found to be suitable for many metallic materials. The model was modified to include the effect of temperature dependent shear modulus. The modified model is then employed to represent the experimental data obtained from uniaxial tensile tests on AA7075-O sheet at elevated temperatures and strain rates. Also, hot gas bulging tests were conducted to verify the applicability of this model. Further, finite element simulation of the hot gas bulge test was performed by incorporating the model as a user material subroutine. Good general agreement was observed between the experimental and FE model predicted results. Some sources of discrepancy in the prediction are also discussed.INTRODUCTION There has been much interest in light-weighting of automobiles from automotive related industries to reduce overall carbon footprint and increase energy efficiency of the vehicles. Aluminum alloys, and especially the medium-strength 5xxx and 6xxx series alloys, have been the primary focus in the last 3 decades to reach the above environmental goals (Huo, Hou, Zhang, & Zhang, 2016) whereas aerospace industry has traditionally focused on high strength 7xxx series aluminum (Al-Zn-Mg-Cu) alloys for structural components (Deng, Yin, & Huang, 2011). Recently, there has been much interest in high strength 7xxx series aluminum as a replacement for heavier steel automotive structural parts such as A-pillar, B-pillar, side impact beams etc. (Harrison & Luckey, 2014). This is both interesting and challenging since the above aluminum structural parts will need to not only meet impact safety standards but also possess sufficient formability for manufacturing such complex parts. Since the formability of high strength 7xxx series materials is quite poor at room temperature, much interest has focused on improving both formability and final part strength via high rate hot stamping, in-die quenching, and subsequent artificial ageing process steps (Kumar & Ross, 2016)."

Jan 1, 2018

By Kallioinen Jouko

"Advanced Flotation Technology is the application driven design of Don-Oliver flotation cells to achieve the optimum performance for each type and grind of flotation. Optimum performance is the combination of both recovery and selectivity.Optimized performance is the combined product of optimized mixing and effective froth removal. Optimized mixing is applied to roughers, scavengers, cleaners and specialty cells such as those to float hydrocyclone underflows in both primary and regrind circuits in order to reduce overgrinding. Effective mixing for fine material is easy, but overmixing reduces selectivity in frothbed.Selectivity in flotation is an important target, especially when treating complex ores, and parameters in frothbed have been examined to improve the separation of minerals and eliminate circumstances that reduce separation rate.Advances in process control have been achieved with expert controls and instructive operator information data. This has gained a higher degree of understanding of cell operation and ore type being processed to be used in future process development work. Excellent results of this Advanced Flotation Technology have been achieved and designs through 7000 cu ft (200 m3) are currently available for high capacity concentrators. This paper will detail how flotation cells are more responsive to the exact requirements of the duty specified."

Jan 1, 2000

By T. Liu, C. Shi, T. Fu, M. Zhong

Water inrush in coal mines is induced by the imbalance of the groundwater flow field and the engineering geo-mechanics field. Therefore, to prevent water inrush it is important to predict the critical hydraulic pressure of water inrush in coal seam floors. This paper will investigate a method for conducting theoretical forecasting of the critical hydraulic pressure of water inrush in coal seam floors by adopting the combination method of a genetic algorithm-neural network. First, the topology structure of a neural network (NN) based on genetic algorithms (GA) will be determined and then the critical pressure of water inrush in a coal seam floor using the chosen NN will be predicted. Finally, theoretical forecasting results will be compared with actual measurement results to determine the feasibility and applicability of this method.

Jan 1, 2008

By M. Al-Khawaja, F. Hassani, F. Mucciardi, N. Razavinia

"In today’s economy many industries are becoming aware of the need to recover some of the waste heat they create. Industrial processes release, on a global scale, over 100 tera-Joules (i.e. 1014 J) of waste heat annually. The recovery of waste heat can lead to a reduction of greenhouse gas emissions and it can also provide a financial benefit which can be obtained by converting some of this excess heat to electricity. At McGill, a research program has been initiated so that low grade waste heat (temperature between 100ºC and 300oC) from process off-gases found in pyro-metallurgical industries is captured and concentrated by using heat pipes and then converted to electricity by a mechanical engine. This paper illustrates the 3 C’s process (capture, concentrate and convert waste heat to electricity). It also provides some preliminary experimental data. INTRODUCTIONThe problematic climate change caused by the use of fossil fuels, the rapid depletion of global reserves and the catastrophic consequences of nuclear power generation call for renewable and safe, resources of energy, for both man and the environment. Extensive researches in the production of energy from renewable sources and improvements in efficiency of current technologies can help us to reverse this trend.The greatest advantages of using renewable energies are that they don’t deplete and they also contribute to a green environment. On the other hand the disadvantage of using these resources is that the energy available from renewable sources is much less concentrated than that provided by fossil fuels and nuclear energy. This makes renewable energy less attractive for large scale industrial uses in most cases. A key target for society for the 21st century is the production of energy from renewable sources at a cost that is competitive with fossil fuels. Fossil fuels represent a concentrated form of energy; usually it is referred to as high grade energy. Nonetheless, there is a vast supply of alternative energy. The sun, wind, water and biomass were the first to be explored. While these are all valid options that warrant concerted efforts and large investments, there is another source of energy that typically is produced by manufacturing industries. This energy is often referred to as low grade waste heat. Most of this energy is simply vented to the environment through the stream of off-gases. In the future it will be necessary to capture and convert some of the low grade heat to a valuable form such as electricity if we are to improve on the efficiency of energy usage."

Jan 1, 2012

By Tyson Birketi, Françoi Robert, Steve Green, Dan Richardson

Detailed sampling using a portable diamond drill, and inter laboratory comparison of selected samples have been combined with statistical studies of truncated populations to establish the gold content of several outcrops in the Val d'Or area. The outcrops chosen are non-mineralized. The background gold concentration in the rocks of the region is 5 ppb or less. Gold is distributed relatively homogeneously within the outcrops studied except for slightly increased concentrations within quartz-tourmaline veinlets. Three samples, of which 20 grams of powder are analyzed for each, can adequately determine the gold concentration of a structurally simple outcrop in the Val d'Or area.

Jan 1, 1992

By G. A. Brown

"Mining executives are becoming increasingly involved with decisions of the ""What would happen if ... "" variety. Potential changes in government policy, such as tax incentives, E.G.M.A. allowances, etc. affect the economic future of present and proposed mining ventures.This paper will discuss various measures of effectiveness normally used in assessing this future, such as discounted cash flow, etc., and will describe means of introducing uncertainty into the computations. As the recognition of risk and attitudes toward accepting it are very important in the life of a mine executive, there will be a brief discussion of utility theory and its application to risk analysis.Risk models are usually of a size to warrant the use of an electronic computer. Therefore, to demonstrate the simple interaction necessary between a financial analyst and such a model, data will be read into a remote computer from a time-sharing terminal in the meeting room. It will be shown that changes may be rapidly made and alternative policies investigated ""on line"" to a computer."

Jan 1, 1970