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"It is projected that the reactivity of acid generating tailings and waste rock can be minimized by reducing the access of oxygen by placing these materials under water in natural or manmade lakes. A project under the MEND and B.C. AMO Task Forces has been in progress for four years to evaluate active and historic tailing sites in B.C. and Manitoba. The sophisticated geochemistry studies conducted on the interstitial pore water has illustrated encouraging results which are discussed. The additional studies which are needed to complete the scientific database for the study sites, for achieving regulatory and public approval and for the engineering of application of this method of control are outlined.IntroductionWorld wide research effort is in progress to find the solution to the acid mine drainage problem. A great deal is known about acid mine drainage but much work is required to find economic and effective approaches to the problem. Two coordinated programs have been initiated recently in Canada: the National Mine Environment Neutral Drainage (MEND) program and the British Columbia Acid Drainage Task Force.Disposal of tailings materials under a water barrier such as a natural lake, is thought to be one solution to prevent acid generation by preventing oxygen and bacterial action on the sulphide surfaces. The deposition of reactive tailings materials under water in natural lakes has been used historically at various mines in Canada. However, there has never been a thorough review of the long and short term impacts of historic sites which may provide crucial information to understand the physical, chemical and biological processes which are taking place.This paper provides a general overview of a series of studies which examine the general biophysical characteristics and the sediment geochemistry of four lakes where subaqueous disposal has been or is currently being used for acid generating tailings. The subaqueous disposal studies have been conducted from 1989 through 1991 and were initiated and supported by both research task forces. The objectives of this paper are to summarize the history and the background information of the studies conducted, the general results obtained from each lake, an overview of the major collective results and the additional work which is required to achieve the final objective of developing criteria for applying this technology in the industry."

Jan 1, 1992

By Tassos Grammatikopoulos, Sarah Prout, William Mercer, C. Gunning

"The Nechalacho rare metal deposit is located in NWT, Canada. Avalon Rare Metals Inc. is now evaluating processing techniques for recovery of REE to be used in the industry. QEMSCANTM analysis coupled with whole rock, REE, Zr and Nb, and electron microprobe analyses were utilized to identify and quantify the mineralogy of the deposit, and define the REE distribution among minerals. QEMSCANTM mineralogy was performed on fifty intact drill samples using EXPLOMINTM that provided textural information for the mineralization; crushed samples were used to determine the variability of the ore and define REE domains, and composite samples to determine the liberation and association of the REE minerals. The sample matrix predominantly consists of biotite, feldspars, quartz, muscovite/clays, minor chlorite and amphibole, magnetite and hematite and carbonates. REE include in decreasing order of abundance allanite (3.6%), monazite (1.5%), synchysite (0.9%), columbite (0.9%), fergusonite (0.6%), bastnaesite (0.4%), and zircon 11.0%. The majority of the HREE are carried by fergusonite and zircon, and the LREE by monazite, allanite, synchysite and bastnaesite. QEMSCANTM mineralogical data is extremely valuable in assessing the mineralogy of the ore. The data have been implemented in defining the mineralogy of the ore body, support metallurgical test work, predict recoveries and grades, and finally calculate reserves of the deposit.INTRODUCTIONAvalon is in the unique position of owning and developing one of the world’s largest rare earth deposits in the Northwest Territories of Canada.The term Rare Earth Elements (REE) is used to describe the 15 lanthanide elements or metals and, more recently, the metals yttrium and scandium, which display similar physical and chemical properties. REE are not particularly rare and have a similar abundance in the earth’s crust to nickel, tin or tungsten. Unlike these better known metals however, the rare earths have little tendency to become concentrated into commercial ore deposits. When they do become concentrated, deposits of REEs usually display enrichment in one of two groups. The most commonly occurring deposits of REEs contain a sub-group of elements referred to as the “light rare earth elements” (LREEs), which include lanthanum, cerium, praseodymium, neodymium, and samarium. Less commonly, deposits of REEs contain the much more valuable sub-group of elements referred to as the “heavy rare earth elements” (HREEs), which include europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium and lutetium. Yttrium and scandium most commonly occur in association with this second HREE sub-group. Generally, LREEs are produced from the mineral bastnaesite, and the HREEs have been produced from the minerals xenotime and monazite. LREEs continue to be produced from bastnaesite, however in the 1980s, China started production of HREEs from unique laterite clay deposits. China now produces approximately 95% of the world’s rare earths."

Jan 1, 2011

By Y. Sasseville

"Niobec has been using vibrating screens and screw classifiers as a double stage classification in its grinding circuit since the very beginning of its operation in St-Honoré. Most of the other mineral processing plants around the world uses cyclones as the classification device in their grinding circuit. The difference between these two methods are well known in terms of capital cost and grinding efficiency but the differences in terms of the impact on the downstream processing stages are a lot harder to predict and are case specific. In the interest of lowering the capital cost of a future expansion project, Niobec decided to test the cyclones in its actual grinding circuit and evaluate their impact on the recovery of the downstream processing stages as well as the operating cost of the mill. We switched between cyclones and screens for 8 month in 2013 and early 2014 and we are now operating only with cyclones since march 2014.INTRODUCTIONThe Niobec mine and concentrator were built in the mid 70’s and at that time, the mill was processing 1 500 tons per day. Over the years, many expansion projects have brought the plant to 7 000 tons per day. Throughout the initial concentrator design and commissioning, screens have been chosen over cyclones because of their higher classification efficiency which is known to reduce variability and limit the fine generation especially due to a high undersize classification efficiency. Just like many other plants, fine particle generation is a major problem at Niobec because of its negative effect on downstream processing stages. In the interest of lowering the capital cost of a future expansion project, Niobec’s engineering team decided, 35 years later, to test the cyclones in its actual grinding circuit and evaluate their actual impact on the final recovery and the operating cost of the mill.The grinding circuit is separated in two lines which will be called Circuit #1 and Circuit #2 along this paper. Circuit #1 is, as you can see in Figure 1, composed of a rod mill and two parallel ball mills in closed circuit with screens and screw classifiers. The screens oversize are sent to the screw classifiers while the undersize are sent to the next processing stage. The screw classifiers overflow are both sent back to the pump box while their oversize streams return in their corresponding ball mills for further grinding. Circuit #2 is, as you can see in Figure 1, quite the same as Circuit #1 except it has only one set of screw classifier and ball mill. Figure 1 also shows the modification in arrangement each circuits went through to integrate the new cyclones. One of the ball mills in Circuit #1 now appears dotted because it can still be used but is not now"

Jan 1, 2015

By Hans de Ruiter

"Delft University of Technology, RWTH Aachen, Helsinki University of Technology and Imperial College established the Federation of European Mineral Programs (FEMP) in 1999 as a legal body to coordinate joint M.Sc. education.By 2003 the number of participating universities in Europe has grown to 9 (in 7 countries) offering 3 different M.Sc. joint programs. Furthermore students from 8 universities in the USA, Canada, Australia and Chile participate through exchange agreements. About 25 companies are associated with FEMP. Further expansion with other clusters of universities is being investigated.So far some 160 students have taken the programs and are working in all parts of the world in a variety of jobs.The European Commission has recently announced the new “Erasmus World” program that will stimulate the offering of joint programs by European universities and offer third-country students and teachers a greater opportunity for mobility and an enhanced European added value. Host European postgraduate courses will be selected for a five-year period. They will receive funding from the Community and a “EU” seal. Around 250 “EU Masters Courses” will be established.The envisaged new Erasmus program and it’s network and operating practices are very similar to those being used by EMC, EMEC and EGEC. Erasmus World therefore offers a great opportunity for further developments with FEMP as the official body.INTRODUCTIONThe current situation in Europe is that globalisation of the supply of mineral resources has caused the larger mining and the manufacturing companies to expand and invest particularly outside Europe. However these industries still have a great significance for the European Union and its members, which means that mineral engineering know-how is still important in the E.U. It was therefore realised in the mid-nineties that is vital to maintain the very high level of knowledge and skill base in mining engineering and mineral technology that currently exists in the E.U., through good and well-balanced education programs."

Jan 1, 2004

By Michel R. Julien, Michel Lemieux, Jean Cayouette, Daniel Talbot

"The Louvicourt Mine located near Val d’Or, Quebec has been in operation since 1994. It produces copper and zinc concentrates. The tailings generated from the ore processing operations have a strong net acid generating potential. Louvicourt Mine, a grass root project, was designed for closure with the best available technology at the time of design. In order to inhibit short and long time acid potential generation, sub-aqueous disposal was selected at the design stage. Given the fact that disposal in a natural lake was ruled out up front for obvious reasons related to loss of natural habitat and risks of permitting delays, a man made facility built with dams was planned. This mine includes therefore the first fully man-made sub-aqueous tailings disposal facility built in Canada. The requirement of using sub-aqueous disposal had serious implications on the placement of tailings. This tailings facility located about 9 km from the mine site has been selected based on the available natural confinement, the favorable foundation and hydrogeological conditions. This paper describes the site and the design criteria that were used. A presentation is also made on the placement technique to maximize storage and its impact on the operation of the basin. The performance of the basin, the dams and the decant structures is reviewed.Résumé : La mine Louvicourt, située près de Val d’Or, Québec est opérationnelle depuis 1994. Elle produit des concentrés de cuivre et de zinc. Les résidus générés par les opérations de traitement du minerai possèdent un fort potentiel net de génération d’acide. Le parc à résidus de la mine Louvicourt, implanté dans un milieu naturel intact, fut doté dès sa conception initiale de la meilleure technologie de fermeture disponible à l’époque, soit la déposition sous couverture aqueuse et ce, dans le but de bloquer le potentiel de génération d’acide à court et à long terme des résidus. Etant donné que la déposition dans un lac naturel fut mise de côté dès le départ pour des raisons évidentes reliées à la perte d’habitats naturels et au risque d’introduire des délais dans l’émission des permis, un étang artificiel délimité par des digues a été conçu. Cette mine fut donc la première au Canada à être dotée d’une installation anthropique de disposition des résidus sous une pleine couverture aqueuse. L’exigence d’une déposition sous couverture aqueuse a eu des implications sur le mode de mise en place des résidus. L’emplacement de l’installation de gestion des résidus a été choisi en un lieu situé à environ 9 km du concentrateur sur la base du confinement naturel disponible et des conditions hydrogéologiques et géotechniques favorables. Cet article décrit le site et les critères de conception utilisés. Une présentation est faite sur la technique de mise en place utilisée pour maximiser l’entreposage et son impact sur l’opération du bassin. La performance du bassin, des digues et des structures de décantation est également revue."

Jan 1, 2004

By J. Frostiak

"This paper describes some energy reduction measures Implemented at the Griffith Mine. Before proceeding, I will give you a brief overview of the operation.The Griffith Mine is an iron ore mining, concentrating and Pelletizing complex located in the red lake area of northwestern Ontario. The operation is owned by Stelco Inc. And is managed By Pickands Mather & Co. of Cleveland, Ohio. Operation of the concentrator commenced in 1968 and it has been producing at a nominal capacity of 1,500 ,000 tons annually.The plant flow sheet is illustrated in this slide. Run of the mine ore is crushed in a single stage 54"" gyratory crusher. Reclaim ore feeders draw from an open stockpile to feed two 32' diameter by 12' long autogenous mills, each driven by 6800 hp. Two s·rages of wet magnetic separation, roughers and cleaners, and primary cyclones complete the primary circuit. Cleaner concentrate is then ground in four 14' diameter by 28' long pebble mills rated at 2000 hp. The secondary grinding circuit is closed by cyclones and fine screens. Secondary cyclone overflow is further upgraded through hydro-separators, finisher magnetic separators and flotation.The magnetic concentrate produced is then thickened, filtered, balled and fired in three vertical shaft furnaces to produce a high quality hematite pellet."

Jan 1, 1983

By Son Hye Jin

Abstract ? KHNP is participating in the construction of Nuclear Power Plant both in Korea and UAE. ? We want to improve our construction project management process. ? So we are now developing the process model on nuclear power plant construction management. ? For the effective adoption of this process, we are planning to develop IT system. ? For the first step, we were established the Information Strategy Plan

Aug 1, 2013

By C. Schuffeneger

"The design of SAG milling circuits for mining projects requires the incorporation of the energy consumption considerations and the evaluation between different flexibility-adding options to absorb the time-dependent variation in the ore lithology. In order to expand the focus of the engineering design, a higher level of deepness and quality in the baseline information must be achieved to elucidate all of the constraints on throughput, energy consumption and product quality generating a design optimization consistent with an integrated vision of the process. This paper presents a review of a collection of typical examples of the copper and gold mining project in the Chilean Andes, in which both process and energy efficiency criteria are considered when the focus is to deliver an integral solution that incorporate those areas in the design. The intensive use of energy in the SAG milling, the process continuity and the quality of the product are a function of the proper design and selection of grinding equipment and plant layout, aligned with the mining plan and associated with projected future expansions and production increases.INTRODUCTION Autogenous and Semiautogenous grinding technology, large diameter and short length mills, begins with the Handsel design. During the decade of 1930’s, Handsel-Hardinge studies led to cascade mill development. Nowadays, 80 years later, continuous improvements in design and technology have been conducted to a completely new generation of gearless SAG mills that have led to an increasing capacity at the concentrator plants. Considering the existing alternatives, SAG mills are the most implemented option for the grinding circuit today. This work presents a review of the SAG mill implementation parameters and circuit considerations and its correlations in the most recent projects in Chile with an ore treatment capacity above 50 ktpd since the decade of the 90’s up to now. From this period, the tendencies will be analyzed using project design data. Based on process design information, the recent SAG mill history in relevant projects related to the new generation of commercial SAG mills, technical associated considerations and performance will be discussed. Circuit selection based on energy utilization will be revised to bring up a more holistic perspective on the SAG mill circuit design concepts. As is now well known, the heart of every concentrator plant are the grinding mills. Higher demands on throughput, availability and power consumption optimizations require not only high performance electrical equipment but also a well selected grinding circuit. The energy efficiency issues associated to the circuits design will be reviewed."

Jan 1, 2012

By S. L. Aaroe

"TYRETHANE PRODUCTSTyrethane® is the family brand name which has been adopted by The W. S. Tyler Company of Canada, Limited to identify its polyurethane products. Since we have been manufacturing Woven Wire Cloth for over one hundred years and have been the innovator for most of the product improvements and developments of that industry, it is only natural that our first and primary efforts involve the use of Tyrethane® as a screening medium. The product is ideal for application in the mining industry and other operations where the rate of wear on existing media is exceptionally high.In the event that you have already had some experience with polyurethane it should be poirted cut that there are many grades of the material. The polyurethane used in Tyrethane® Products will be compounded in a variety of chemistries and different heat treatments will be used to develop best mechanical properties to handle specific applications. However Tyrethane® will not be a ""cure all"" but when it is properly applied as a screening medium it will assist by lowering the unit cost for screened materials.Prior to an explanation of the advantages of Tyrethane® let's review the conventional screening media whose applications may be considered as good candidates for replacement by Tyrethane®.1.,Woven Wire Cloth.2.,Perforated metal screens.3.,Rubber faced perforated metal screens.4.,Perforated rubber screens.5.,Cast steel screen segments and weldiments.6.,Profile wire.In most cases a Tyrethane® section is designed for a one for one replacement of the material now being used. It is rarely necessary to modify the screening equipment to enable you to install the Tyrethane® Product although it may be desirable to take some steps to improve the service life of hold down components such as Clamping Strips or Tension Members. Those parts can be encapsulated in polyurethane if necessary.To fabricate the Tyrethane® section we have three basic building blocks. They are: (1) Small molded segments having square or slotted openings, (2) Reinforcing material and (3) the raw liquid polyurethane."

Jan 1, 1976

By Christopher P. O?Connor

Stereolithography is a well known rapid prototyping technique in the manufacturing sector. Essentially it is a three dimensional printing process that produces plastic prototype parts from standard CAD files. At present, Canadian mining companies are not fully aware of the potential of Rapid Prototyping Techniques (RPTs) for their production and mine design systems. Mining engineers and geologists attempt to visualize and understand the characteristics and layouts of orebodies on computer models and in cases where it is decided to develop physical models, the process is time consuming based on simplified constructions. Rapid prototyping techniques (RPTs) such as stereolithography can facilitate engineers and geologists to quickly and with satisfactory accuracy to visualize sections of orebodies and evaluate alternative ore extraction techniques using 3D solid models. The research discussed in this paper is carried out by the Laurentian University Mining Automation Laboratory (LUMAL) in collaboration with the Department of Mines Research of Inco Limited and the Integrated Manufacturing Technologies Institute (IMTI) of the National Research Council of Canada. The main objective with this research is to evaluate the applicability of state-of-the-art RPTs (e.g. stereolithography) to underground hard rock mining systems. RPTs can play a significant role in accelerating the design and development process of mining systems.

May 1, 2002

OVERVIEW OF PRESENTATION ? What is LMI ? Who uses LMI and how? ? Value of LMI to the Mining Industry ? Mining Industry Workforce Information Network (MIWIN) ? The Challenge: Forecasting the future in uncertain times ? Results: Hiring requirements in the next decade ? Results: Occupational information ? Next steps

May 1, 2009

By A. Azad

SAGD (Steam Assisted Gravity Drainage) is an in-situ oil recovery technique for heavy oil reservoirs. The technique has been successfully applied to many projects in the past 25 years and the process has been, now, well understood. It is now believed that geomechanics plays an important role in SAGD and should be considered in numerical or analytical modeling. Currently, geomechanics is numerically modeled through combining a multi-phase flow and a geomechanical simulator. Numerical modeling is, however, time consuming, need lots of input data, and could not be used for quick decision-making purposes. To decrease the modeling time, this study based on a new version of the Reis drainage model, proposes coupled mathematical model and reserves the effect of geomechanics in the process. Results showed a perfect match with the past experimental and numerical data.

May 1, 2009

By B. McLaughlin

Agnico-Eagle started sinking the Penna Shaft in 1995 with a hoisting plant capable of hoisting 1800 t/d from a 2240 m deep shaft. Exploration success led to the installation of a hoisting plant capable of extracting 4500 t of ore and 1800 t of waste per day from a depth of 2210 m. The introduction of a new rope selection factor, permitting a safety factor of 4.0, represented the breakthrough required for a cost-effective project. This paper describes the process taken to introduce the new rope selection factor and its impact on the original plant.

Jan 1, 2004

"As mine head grades decline and orebodies become more complex, traditional mineral processing techniques and flowsheets to achieve saleable concentrate become more difficult to design and construct. Mines with lower quality concentrates or concentrates with penalty elements are particular under threat. The economics of these operations are far more susceptible to metal price, concentrate treatment terms and the availability of other, cleaner concentrates. Additional value may be realised for these orebodies through improved recovery by producing a low grade middling concentrate for further processing, in conjunction with a saleable concentrate.The most cost effective way to reduce impurity levels is to do so as early as possible in the mining value chain. Technologies such as fine grinding and fine particle flotation are well established as effective methods for impurity rejection in mineral processing. What is normally overlooked is how a hydrometallurgical process could also be integrated in the overall flowsheet to achieve higher overall recovery at the mill. In the base metals environment, this is mainly because hydrometallurgical processes are associated with production of metal or use of expensive and toxic precipitating agents once the minerals of interest are solubilised. These processes can be very expensive, particularly with rising power costs and poor economies of scale in capital costs associated with low production rates from middling streams.Glencore Technology (GT) has recent experience in the treatment of middling and low grade concentrate streams as well as tailings streams to compliment a concentrator flowsheet in a refractory gold and base metals setting. The value proposition is the isolation of a low grade middlings concentrate from the primary circuit or the tailings stream for upgrading to an intermediate product with an equal or higher grade than the primary concentrate to allow blending for sale. This allows plants to operate on a more favourable part grade-recovery curve while avoiding the expense of metal production. For existing operations this is particularly attractive since it can be added on with no process interruptions.Two case studies are examined showing flowsheets and costings to arrive at the value proposition of the GT low grade treatment flowsheet."

Jan 1, 2017

By Keith R. Vining

Solid fuel, usually coke or anthracite, is commonly added to ground iron ore fines in the pelletising process to reduce the amount of burner fuel required and the maximum firing temperature, while maintaining pellet strength and the productivity of the pelletising plant. However, the use of coke and coal contribute to the production of greenhouse gases (eg carbon dioxide) and are a source of NOx and SOx emissions. Utilising wood biomass / wood char is one methodology CSIRO Minerals is investigating as an alternative to coke and coal, as it is a renewable energy source that is very reactive, has a low ash content and the potential to reduce emissions of greenhouse gases from the iron and steel-making process. Previous work has established that charcoal can effectively replace coke in the sintering process (Lovel et al, 2005), and the following experimental work aims to demonstrate that it can also provide an adequate replacement for coke and coal in the pelletising process. The paper presents the results of an experimental testwork program comparing the behaviour of fired pellets containing traditional solid fuels and charcoal. The physical properties of the pellets are compared in terms of their compressive strength, tumble and abrasion indices and the reduction properties. A qualitative assessment of the pellet microstructures is also presented.

May 1, 2007

Improved Process & Practices Result In: ? Reduction of undesirable downtime, & expensive secondary damage ? Improved equipment performance & health ? Extension of equipment life, & reduction of operating costs ? Safety and environmental performance improvement Equipment knowledge capture and consistently applied

May 1, 2010

By Sanjeeva Latchireddi, Travis Orser

"Today’s high capacity semiautogenous grinding (SAG) mills expend vast amounts of energy and in doing so consume tons of shell liners and steel balls, while processing ore. The energy efficiency of these high throughput grinding mills can be attributed to the field of breakage and slurry discharge system. The charge motion and breakage of particles inside the mill depends on the shell lifters design, while the discharge of ground particles is controlled by the grate and pulp lifters. The limitations imposed by poor grate and pulp lifter design become increasingly apparent with increasing size of ag/sag mills and their operation in closed circuit. The design of these mill components has been largely based on trial and error and hence varies considerably between manufacturers. This paper discusses the use of two state of the art design tools - Millsoft™ and FlowMod™. Millsoft™ is an effective tool to design the shell lifters and optimize charge motion, whereas FlowMod™ simulates the slurry discharge system to design grate and pulp lifters. The application of these simulators will be discussed using case studies of full scale mills.INTRODUCTIONMany large mining operations around the world have one or more semi-autogenous (SAG) mills doing bulk of the work in their size reduction operation. The SAG mill is usually followed by a ball mill to finish the size reduction prior to the concentration step. In the past when primary, secondary and tertiary crushers fed material directly to large ball mills, the energy efficiency of the concentrator was determined for the most part by the ball mill operation, whereas now the energy efficiency of a plant often rests largely on the SAG mill operation. As a result mines have shifted their emphasis in optimization from ball mills to SAG mill"

Jan 1, 2005

By Éric Poulin, Simon Gariépy, Mario Paredes Malca

"While the design of a control strategy depends on the available process knowledge, its implementation depends on the available process information. On-line chemical analyzers are today widely spread in the mineral processing industry. A real-time concentration measurement of chemical components is valuable information that could bring control strategies to whole new levels. However, the use of these measures rarely reaches anything more than process monitoring. The reason is simple: the on-line chemical measurements quality is most of the time insufficient to be directly included in control strategies. The choice is then made to let the critical eye of the engineer or the operator appreciates the measurements before making any decision based on it.Data reconciliation through mass balance is a technique today widely used in the mineral processing industry to increase the accuracy and the reliability of plant data, mainly for accounting and survey analysis purposes. Real-time data reconciliation of on-line measurements appears as a natural coupling of technologies that could bring new process optimization trends. Once overcome the technical difficulties, full valorization of the instrumentation investment could be reached.This paper presents the application of real-time data reconciliation for process control and performance monitoring. It proposes a general approach, discusses challenges and illustrates concepts with industry experiences."

Jan 1, 2006

By R. F. Hochstein, A. J. Neale, B. C. Flintoff

"Process control technology holds very significant potential benefits for many mineral and coal processing plants. The impact can be expected in terms of performance improvements (e.g. increased throughput, better quality control, higher availability), through reduced operating costs (e.g. lower reagent consumptions, manpower reductions) and in the form of intangibles (e.g. reduced vulnerability to manpower turnover, increased productivity in the user group). However, the installation of a process control system will represent considerable capital expenditure and will generate an operating cost. No management team would approve the funding for such a project without some reasonable measure(s) of the profitability of a proposed system. This paper describes a methodology for addressing the justification problem. Of particular interest is the approach to quantifying performance improvements, frequently found to be the predominant benefit of process control.INTROPUCTIONProcess control has become widely recognized as an essential component of any processing operation. It has direct impact on productivity, process efficiency and product marketability. The reported pay backs associated with successful installations underscore this observation. As a consequence, many operators who have little in the way of process automation are looking to initiate control projects, while those who currently enjoy some level of automation are looking to upgrade existing control systems (= process + instrumentation + hardware + software + operators + support). While the emphasis here would appear to be on retrofit process control projects, new plants, or those currently in the design stage, will usually find themselves in one of these categories shortly after startup 1."

Jan 1, 1990

By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments. A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including respectable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects. Reflecting the observation of a wide range of views regarding the subject of inflation, this paper will-address the impact of five different approaches to inflation on the evaluation of a single Canadian mining project."

Jan 1, 1987