Search Documents

By Ralph H. Cleland

Introduction The mines of northern Ontario have entered the class of deep mines. It has often been asked: How deep can operations be carried on? What will the temperature be? This paper is a résumé of a brief survey of rock temperatures made by the Ontario Department of Mines during the year 1932. Present temperatures were recorded and the geothermal gradients that now exist were determined. No alarming situations were found, but many interesting ones have been noted. Northern Ontario mines are fortunately situated as compared with most deep-level mines of the world. The mean yearly temperature, as determined from meteorological records of the Federal Department of Marine, is from 33 to 38 degrees Fahrenheit. The tables on the next page show the temperature range in and about our mining camps ( l ). As no exact figures were obtainable for Kirkland Lake, the data for Iroquois Falls, which is about 50 miles northwest, were taken as applicable there. The figures for Timmins were checked against those of Cochrane and Iroquois Falls and found to be very similar, so that the Cochrane data may be used for the Porcupine camp. The yearly mean temperature is considered to be 33.5 F.

Jan 1, 1933

By J. Sammut, T. G. Joseph, R. Andreev, M. Curley

"Decisions regarding mining method and subsequent choice of excavator must take into account the quantitative factors of productivity, availability, and capital, operating, and maintenance costs. Dig performance was compared between a hydraulic excavator (HE) and electric rope shovel (RS) of similar size class (i.e., use the same amount of energy to excavate a unit quantity of the same material from a mining face), focusing on the quantitative factors above. Machine performance, normalized to bucket capacity, was assessed as a function of hours of service (60,000 hours per machine). Results showed higher production rates for the HE of similar capacity and age. In general, the RS exhibited lower service cost per volume capacity, though it had higher capital cost. The RS became more cost effective than the HE of similar capacity within approximately 30,000 hours of service. ¦ KEYWORDS Cost, Electric rope shovel (RS), Excavation, Hydraulic excavator (HE), Surface mining RÉSUMÉ Les décisions concernant la méthode minière à adopter et le choix ultérieur d’un engin d’ex¬cavation doivent tenir compte des facteurs quantitatifs de la productivité, de la disponibilité ainsi que des coûts d’investissement, d’exploitation et d’entretien. Cette étude compare les performances en termes d’excavation d’une excavatrice hydraulique et d’une pelle électrique à câbles de même taille (qui utili¬sent par exemple la même quantité d’énergie pour creuser une quantité unitaire du même matériau dans un front de taille), en se concentrant sur les facteurs quantitatifs susmentionnés. La performance de la machine, normalisée à la contenance du godet de volume unitaire, est évaluée en fonction des heures de service (60 000 heures d’activité par machine). Les résultats montrent des taux de production plus élevés pour l’excavatrice hydraulique d’une capacité et d’une ancienneté similaires. De manière générale, la pelle électrique à câbles affiche un coût d’entretien par capacité volumique inférieur, mais son coût d’in¬vestissement est plus élevé. La pelle électrique à câbles devient plus rentable que l’excavatrice hydrau¬lique d’une même capacité au bout d’environ 30 000 heures de fonctionnement. ¦ MOTS CLÉS coût, excavation, excavatrice hydraulique, exploitation à ciel ouvert, pelle électrique à cablesINTRODUCTION The most common excavating tools in surface mining operations are the hydraulic excavator (HE) and electric rope shovel (RS). In general, electric RSs are more reliable and cheaper to maintain (P&H Mining Equipment, 2007), but where complicated geological conditions exist, HEs are preferred because they are generally considered to be more mobile."

Jan 1, 2019

By S. K. Shaha, W. Kasprzak, D. L. Chen, J. Friedman, F. Czerwinski

The role of solutionizing conditions within the T6 heat treatment of the cast Al-Si-Cu-Mg alloy with micro-additions of Zr-Ti-V was assessed in terms of their influence on microstructure and mechanical properties. As a solution treatment, a single step process at 485 and 510oC and a two-step process at 510 and 525oC for varying time intervals from 0.5 to 9 h, were examined. In all cases, solution treatment was followed by isothermal aging at 150oC for 100 h. The microstructural analysis showed that the solution treatment changed the eutectic silicon morphology from needle-like, present after casting, to spherical shape in the T6 state and that the extent of changes was strongly influenced by temperature and time. The Cu- and Mg-rich phases completely dissolved during solution treatment while the Fe-containing phase, Al8Si6Mg3Fe, remained partially in the microstructure. The Ti, V and Zr containing phases, Al13Si2Ti3Zr and Al3Si26FeTiV10, present in as-cast state, were partially dissolved during solution treatment, reducing their size by 10 - 48%. The studied alloy reached the maximum ultimate tensile strength of 335 MPa and yield stress of 303 MPa for two-step solutionizing with a total time of 4.5 h. It is concluded that the two-step solution treatment resulted in higher tensile properties than the single-step process.

Jan 1, 2015

By C. Ketata, M. C. Rockwell

During the operation of a mineral processing plant, the unit processes are investigated by analyzing the data extracted by means of stream sampling. The data structure is identical to the time series form. Data analysis is a crucial step in understanding the plant performance. To control the plant performance efficiently, it is very important to avoid sampling errors, which is impossible. However, it is possible to minimize these errors. The factors influencing these errors are divided into two categories: material properties illustrating its heterogeneity, and sampler features. The purpose of this paper is to study the influence of the material composition variation on sampling errors, and to compare our evaluation method with that of Gy. Note that the stream mass flowrate is assumed to be constant during the sampling process.

Jan 1, 2001

By J. E. Nesset, S. R. Rao, J. A. Finch

"For base metal sulphides, iron rejection starts in mineral processing. This review focuses on changes in plant practice specifically to improve iron sulphide rejection by control of contaminant ion effects and discusses selected general innovations in mineral processing that can be expected to play a role. One group of changes to control contaminant ions is in size reduction (the use of stage grinding and inert stirred milling) and another is in system chemistry (order of reagent addition and exploitation of the flexibility of sulphoxy reagents). Plant examples illustrate the successes, indicating that there are several options available. The general innovations start by considering the new tools for measuring gas dispersion properties and quantifying froth characteristics by imaging. Examples of their application to improve concentrate quality illustrate the potential. Other innovations stress adapting geostatistics to model variation in milling and flotation response to provide feed forward control and rigorous application of statistical experimental methodology in plant test work. An example from one concentrator shows improvements in concentrate quality from application of basic principles can be impressive.INTRODUCTIONThe more iron control (rejection) that can be accomplished in mineral processing the lower the subsequent metal extraction costs and environmental implications of iron disposal, particularly in hydrometallurgical processes. Iron rejection has been a contributing target to periodic attempts to apply mineral processing to nickel laterites and bauxites but the prime application is control of pyrite and pyrrhotite (iron sulphides) in the treatment of sulphide ores by flotation. In this paper some new concepts and innovations introduced in sulphide flotation plants over the past ten years or so (i.e., since a previous review [1]) will be outlined with examples of how they have contributed to improved “iron control”.To increase rejection of iron minerals, first the recovery mechanism should be understood. There are four principal ones, two physical in origin: 1, via locked particles (i.e., flotation of composite particles due to insufficient size reduction to liberate the minerals) and 2, through entrainment in the water reporting to the float product (an unselective process); and two originating from a response to the system chemistry: 1, true flotation (i.e., iron sulphides becoming hydrophobic) and 2, as a result of iron sulphides forming aggregates with hydrophobic particles (e.g., ”slime” coatings). There has been considerable effort to diagnose which of these dominates iron sulphide recovery; in many cases it is due to “chemistry”, in particular true flotation. The flotation effect often appears related to contamination by metal ions [1]. This can reduce selectivity in two ways: 1, metal ion species may activate iron sulphides, or 2, cause general depression which demands more vigorous flotation conditions (e.g., additional collector) with consequent loss of selectivity. This is where the review will start, by considering ways to control contaminant ions."

Jan 1, 2007

By P. Dyas, H. Zouitt, D. M. Smith

"Falconbridge Copper's Lac Shortt gold mine is located in northern Quebec approximately 300 km northeast of Val D'Or and 100 km west of Chibougamau (Pig. 1). Engineering for the mill commenced in early 1983 with a feasibility study. The plant was commissioned in the fall of 1984 at a capital cost of approximately $12 million. Design capacity was 750 tpd which was increased in the fall of 1985 to the current level of 1200 tpd.The ore at Lac Shortt is free milling, grading an average of 5.5 g/t gold which is finely disseminated throughout the host rock. Pyrite at 3 to 5% by volume and traces of copper mineralization are also present.Some of the latest gold processing techniques known at the time of design were incorporated into the mill. These include carbon-in-pulp, pressure stripping, electrowinning of pregnant solution and induction furnace refining. The plant also features several innovations such as a unique interstage carbon retention screen in the CIP circuit and the outdoor location of the cyanidation feed thickener, mill solution tank and reagent storage silos despite -40° Celsius winter temperatures.This paper describes the current mill process and discusses some of the problems encountered during the first two years of the plant's operation. CRUSHINGThe Lac Shortt surface crushing facilities are located in a separate building, isolated from the wet processing circuits for dust and noise control reasons. The crushing plant equipment was originally utilized at the Manibridge operation in northern Manitoba where it had been designed to operate at 135 tph. However, at Lac Shortt a rate of only 80 tph has been achievable to date, mainly due to the hardness and frequently slabby breakage characteristics of the ore. Therefore, in order to meet fine ore requirements at the current mill throughput of 1200 tpd, the crushing circuit is run seven days a week. 24 hours a day. Availability has been averaging 65%."

Jan 1, 1987

By A. R. Miller, G. Desrivières, M. C. Bétournay, D. L. Barnes, P. Laliberté

"Over the last four years, an international initiative, championed by Vehicle Projects LLC, the Fuelcell Propulsion Institute and Natural Resources Canada, has been active in carrying out research projects to prove out the concept of applying fuel cell technology to underground mining vehicles. These have been carried out by a consortium consisting of mining companies, equipment manufacturers, technology developers, national laboratories and consultants, with the participation of Canadian and U.S. mine regulatory agencies.This clean technology, which produces only water and electricity, would allow several advantages to be obtained, in the health area (by eliminating diesel emissions and reducing noise generation), in lowering production costs (such as reducing ventilation required) and lowering greenhouse gas emissions.This paper outlines the results obtained in several key areas, such as, the operation of fuel cells in underground conditions, risk issues related to underground and surface operation of hydrogen vehicles and hydrogen production and delivery systems, and the design and mining performance of the world’s first hydrogen mining vehicle, a mine production locomotive. The work to date on the fuel cell loader, designing the power plant and power transmission systems, operational requirements, and operating cost reductions is also presented."

Jan 1, 2003

By Carl Pelletier

The Sigma-Lamaque Complex is considered a lode-gold deposit characterized by narrow vein structures, which have been mined historically by underground methods. In addition to the narrow vertical structures, mining also took place on horizontal veins, ?North Dipper? veins and dykes mineralized with sub-horizontal veins and stringers. Over the 60 + years of production, mining took place to a depth of 1.8 km. The upper portion of the deposit was considered all but exhausted, when viewed from an underground mining perspective. The year 1998 is considered a turning point for the Complex when a small open pit was mined at Sigma. The resource evaluation methods used underground were applied to surface mining, which allowed small pits to be mined. The resource evaluation method considered only the narrow vertical structures and was not well adapted to open pit mining. As a consequence, resources were consistently under evaluated. It became clear that a new geological approach was necessary to more accurately define resources (i.e., what was being mined). In order to integrate all characteristics (geometry, mechanics and chronology) of this complex lode-gold deposit, a new geological model was proposed. Due to this new approach, dating to February 2000 and updated in December 2000, the reserves evaluated in the first 180 meters now stand at 15 million tonnes @ 2.61 g/t Au (1,265,350 oz). Those reserves cover an east-west corridor extending 1,500 m by 750 m.

May 1, 2001

By K. C. Armstrong, A. B. Cron, L. A. Melis

"The Johnny Mountain gold mine in northern British Columbia, owned by skyline Gold Corporation, has been in operation since August 1988. Mill operating difficulties at the start of the operation resulted in a depleted cash flow situation and quick improvements were required to generate a self-sustaining financial basis of operation. In October 1988, Melis Engineering Ltd. was contracted to identify metallurgical difficulties, implement necessary modifications, and undertake mill operations and personnel training in order to achieve production targets.This paper presents the operating difficulties which existed at start-up and describes the methodology used to overcome production problems. Metallurgical testing results are described along with the modifications made to the milling circuit to suit ore metallurgy. Plant changes led to the operation of a simple gravity/flotation circuit to recover gold as bullion and in a copper concentrate. Operation of the originally installed cyanidation circuit was discontinued. This contributed to substantial savings in operating costs and virtually eliminated environmental problems. PROPERRTY LOCATION ANR DESCRIPTIONThe Johnny Mountain mine site is located in northern British Columbia along the Iskuit River about 60 km east of Wrangell, Alaska and 275 km north of Terrace, B. C.. A location map is presented in Figure 1 and a site plan is shown in Figure 2. The complex is located on a mountain plateau about 3, 600 feet above sea level. The plateau is flanked to the north by Johnny Mountain and surrounded on the other sides by steep cliffs."

Jan 1, 1990

"INTRODUCTIONThe Kidd Creek Concentrator is located 28 kilometers east of the city of Timmins, Ontario. Two types of ore are treated; 'A' type, a copper-zinc-low silver ore producing copper and zinc concentrates, and 'C' type, a copper-lead-zinc-high silver ore producing copper, lead and zinc concentrates.The ore is processed at a combined rate of 12,400 metric tonnes per day through four parallel grinding and flotation divisions. Three divisions treat the 'A' type ore and the fourth treats the 'C' ore. Each division is fed from its own fine ore bin.This paper reviews the grinding section with specific emphasis on grinding media consumption and the factors affecting it as related to 'A' type ore. At Kidd Creek there was an awareness that grinding media consumption varied on a weekly and monthly basis. The reasons for this variation was usually attributed to ore hardness as evidenced by short term variations in the circuit feedrate and head assays. However, there has been a diversity of opinion published in recent years regarding the factors contributing to steel consumption. This initiated a study of historical Kidd Creek operating data, from the period 1970 to 1986 inclusive, to determine the effect of various operating parameters on media consumption. The results of the study could then be used as a baseline for future media consumption testwork."

Jan 1, 1988

By Fabian Mohr

The methyl substituted binuclear cyclometallated gold(I) complexes [Au2(?-n-MeC6H3PPh2)2] [n = 4, 5 and 6] all undergo oxidative addition reactions with halogens and, in the case of the 4- and 5-methyl substituted analogues, with dibenzoyl peroxide to give metal-metal bonded digold(II) complexes [Au2X2(?-C6H3-n-MePPh2)2]. The 4- and 5-methyl substituted digold(II) compounds on warming or exposure to light undergo carbon-carbon coupling reactions to give gold(I) complexes containing the corresponding 2,2'-n,n'-biphenylyldiphenylphosphines. The 6- methyl substituted digold(II) complexes rapidly isomerise above ca. -20° C to binuclear heterovalent gold(I)/gold(III) compounds [XAu(?-2-Ph2PC6H3-6-Me)AuX{?2-(6-MeC6H3-2-PPh2)}], containing a fourmembered cyclometallated ring on a gold(III) centre. Surprisingly, no carbon-carbon coupling could be induced for any of the 6-methyl substituted compounds, even under forcing conditions. This difference in reactivity of the 6- methyl derivative, compared to that of the 5-methyl and unsubstituted analogues was studied by ab initio calculations using a series of model compounds. The results are in excellent agreement with the experimental findings and suggest that the key-step in the C-C coupling reaction is the partial opening of the Au(III)-P bond in one of the transition states. In the 6-methyl system this transition state is energetically inaccessible and hence no C-C coupling occurs.

Oct 1, 2003

By Pavel Vasak

Microseismic monitoring has become standard practice in the mining industry as a ground control monitoring tool at depth. Translating the information into practical hazard assessment tools for the rock mechanics practitioner is the focus of research jointly conducted at Creighton Mine by INCO Mines Technology Centre (MTC) and the Geomechanics Research Centre (GRC) in Sudbury, Ontario. Rock mass damage mechanisms are typically related to stress and the presence of geological structures. Due to well executed de-stress blasting practices at the mine, stress related problems are minimized. However, structurally related damage mechanisms associated with shear zones, faults and joints pose a substantial hazard. Identifying active structures from the dataset of seismic and microseismic events is generally problematic. We propose a new methodology that uses a combination of spacetime event density, hierarchical clustering and principal component analysis to identify planes of microseismic activity, termed active planes (APs). Once identified, the presence and intersection of active planes can be used to provide a hazard ranking for nearby excavations. The ranking is based on the standard Q rock mass classification system, with emphasis on the joint set number (Jn) and stress reduction factor (SRF) parameters. If the rock is treated as a fractured continuum, then, the Jn indicates the degree of freedom for blocks to move and hence, increased potential hazard. An increased hazard can also result if the APs are larger-scale and discrete (faults) rather than ubiquitous (joints). In this case the SRF is used as a measure of the degree of looseness in the rock mass.

May 1, 2004

By Rick Collins

Presentation Agenda 1.Sudbury Basin 2.Diamond Drilling 3.Planned Production 4.Safety 5.Timeline 6.Sustainable Development 7.Scope Elements 8.Progress 9.Delivery Approach 10.Owners and EPCM Roles 11.Contract Styles 12.Mine Systems & Technologies 13.Q & A

May 1, 2009

By A. P. Bois, K. Saleh, A. Ghorbal, V. Hajiabdolmajid, G. Ballivy

"The knowledge of the initial stress field is not always sufficient to ensure the stability of mining stopes due to the high-stress variations generated by mining. Monitoring of these openings is then necessary and can provide quantitative information (deformations and stress variations) as well as qualitative information (state of stability).An applied technique for following the variations of stress and deformation in static and dynamic conditions, in relation to the evaluation of the stability of underground openings known as “Cylindre Instrumenté de l’Université de Sherbrooke” (CIUS) is discussed in this paper. In addition, a data acquisition system combined with a rock failure warning system has been developed to be connected to the CIUS for detecting the instabilities, which can endanger the stability of underground openings. Also, the installation of six CIUS and a data acquisition system as well as the selected procedure of programming in a warning system are briefly described."

Jan 1, 2003

By Graham Holmes, John Starkey

"The Kinross Kubaka Project is a gold mine located in the Russian Far East. The grinding circuit, comprised of a 6.1 m diameter x 2.74 m long SAG mill and a 4.1 m diameter x 5.5 m long secondary ball mill in closed circuit with cyclones, was built using SAG Power Index and Bond Ball Mill Work Index testing to determine the grinding energy requirements. Extremely cold climatic conditions and the need to keep heated space and capital costs to a minimum, dictated a grinding circuit with no in-circuit crusher and no conveyors external to the mill. High energy requirements for both the SAG mill and the ball mill were correctly predicted and have allowed grinding production tonnage forecasts to be met. Design test data and production results are given.INTRODUCTIONIn 1995 Davy International Canada, now Kvaerner Metals E & C, was commissioned as the Engineer and Project Manager for the Omolon Gold Mining Company, to design and construct a gold extraction plant for the Kubaka gold deposit, located in the Russian Far East. This deposit had been studied extensively in Russia during the exploration phase and a Feasibility Study was completed in 1993 by Kilborn who visited the site twice during that year to inspect facilities and to take metallurgical test samples. More samples were taken in 1995 to check ore hardness variability, as part of the final design program by Davy.The client’s objective in designing the Kubaka grinding circuit was to achieve design tonnage at all times, even when milling the hardest ore zones in the deposit. Since the samples taken in 1993 were taken as composite samples, it was necessary to take additional samples in 1995 to determine the extent of the variability. Six samples were sent to Canada for SAG Power Index (SPI) testing. Five of these were combined as a composite open pit sample, while the sixth sample was taken from the site adits as a composite sample to represent undergound ore. These two composite samples were tested to determine the MacPherson Autogenous Work Index for comparison with the SPI values."

Jan 1, 2001

By Roy Lindsay, Paul O'Hara, Gary Halverson

"The New Britannia Minesite is located in Snow Lake, Manitoba, 420 miles north of Winnipeg (figure 1). The mine previously operated from 1949 to 1958 extracting some 5.39 million tons of ore at a 0.150 opt gold grade. From 1959 to 1986 the property was held by Nor-Acme and Hudson Bay Exploration and Development and in 1987 High River Resources Ltd. Optioned the property, dewatered the mine and conducted a diamond drill program between the 1 780 and 2400 levels. In 1988 two companies, Nor-Acme Mines Ltd. and High River Gold Mines Ltd., negotiated an option agreement with INCO Gold whereby !NCO assumed management control of all site exploration work. During this period, a bulk sample of 10,000 tons was extracted from the 1780 level with no further exploration recorded after its removal. Both Hudson Bay Exploration and Development and INCO Gold conducted feasibility studies on reactivating the property but at a calculated capital cost of Cdn $70 to $80 million found the rate of return on their investment unacceptable.In 1991 !NCO Gold merged its interest with the assets of TVX Gold Inc. and in February 1994 TVX Gold Inc. and High River Gold Mines Ltd. entered into a joint venture partnership to develop the Snow Lake property, naming TVX Gold Inc. the operator. Upon completion of a feasibility study in April 1994 by Bharti Engineering Associates Inc., a decision was made to reopen the Britannia Mine at an established project cost of US $33 million.Project construction commenced in July 1994 with the hoist house excavation. The first concrete for the hoist house level footings was poured on August 4, 1994 and the project was completed on October 1, 1995 at a cost of US $36 million. The first gold pour took place November 4, 1995.This paper not only presents the metallurgical aspects of the operation but also describes the novel approach used to complete the design and construction of the site facilities."

Jan 1, 1996

By Ike Isagon

Outline 1.Background Sudbury Backfill Operations 2.Alternative Binder 3.Alternative Binder Trial Process Flow Diagram ?Laboratory Results ?Plant Trial ?Final Evaluation and Approval ?Management of Change (MOC) 4.Economics 5.Conclusion 6.References and Acknowledgements

Nov 1, 2011

By S. Hunt, D. de Vries

Kansanshi Copper Smelter began operation in March 2015. The smelter features a single Isasmelt furnace for smelting, one 6-in-line electric furnace for matte-settling and slag-cleaning duties, four Peirce- Smith converters and two rotary anode furnaces. A 1,450 t/day oxygen plant and a 4,085 t/day sulphuric acid plant are included in the smelter operations. This paper gives an overview of the operational performance to date with summary data for each smelter section. Challenges such as an unforeseen refractory failure in the Isasmelt furnace in 2016 are discussed. Design improvements around the electric furnace are mentioned. Plans for potential future improvements are put into context. A consistent focus on operations, maintenance and continuous improvement has seen the smelter easily achieve its nameplate capacity of 1.2 million tonnes per annum of copper concentrate throughput. The smelter now operates consistently at a concentrate throughput rate of 1.38 million tonnes per annum of copper concentrate. INTRODUCTION The smelter was commissioned in March 2015. Design and commissioning of the smelter have been discussed by de Vries, Hunt, Hanschar and Louie (2016). The smelter rapidly ramped up to achieve nameplate production (1.2 million tonnes per year concentrate) and in 2018 operated consistently at the rate of 1.38 million tonnes per year concentrate. This paper presents major operational data for each section of the plant and describes significant events and improvements during the first four years of operation. The smelter flowsheet is shown in Figure 1.

Jan 1, 2019

By W. E. Uren

The Dominion Coal Board was created by Statute passed on July 17th, 1947, and was brought into effect by proclamation on October 21st, 1947. It is, consequently, a comparatively young body, having been in existence for only eighteen months. Before dealing with the constitution and duties of the Board, it may be well to answer the unspoken question of why it has been considered necessary to single out coal as one specific mineral requiring the continuous attention of a specially created permanent Board. In Canada, coal has been the neglected sister of the more spectacular minerals and it comes as a surprise co many to note that in 1948 the value of the coal produced in Canada was higher than that of any other mineral with the one exception of gold. Coal touches upon our daily lives in many different places of which the public are not generally conscious. As household fuel, it is a necessity of life in this northern climate; as a source of steam, it provides the heat for most of our industries; it is the food of the 'iron horse' chat shuttles our persons and our goods across the land; it is the source of power in many parts of the country; it is the chemical reducing agent chat, in our furnaces, transmutes the metallic oxides to the virgin metal. Coal is, in fact, the indispensable mineral chat forms the corner-stone of our present structure of industrial civilization. Is it, then, such an odd thing that the provision of an adequate supply of coal should be a matter of national interest or that measures should have been taken by government co provide for a constant watch, by a permanent Board, on the supply of co al? ? The Board is the result of the recommendations of the Royal Commission on coal which made a long and detailed study of the Canadian coal problem. It is composed of a permanent Chairman and six part-time members, most of whom have had intimate contact with various phases of the industry.

Jan 1, 1949

By David D. Davidson

Commodities remain hot for the time being, but for how much longer? The bulls point to global economic growth lead by China?s insatiable demand for raw materials. To further emphasis the bullish view they point to the emergence of India for follow through demand. The bears remain convinced China?s growth is unsustainable and with higher interest rates and high oil prices, the United States economy is poised to slow. Both groups can make a convincing argument and both will be proven right in the fullness of time. Profitability and balance sheet strength for the mining industry has rarely been better. Is this a time to be bold or cautious? In this paper, the author will address the dilemma facing today?s management as they pursue growth and try to minimize risk.

Apr 1, 2005