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By P. A. Selvadurai

This paper presents the results of a research investigation leading to the development of a technique for the measurement of the surface permeability of Indiana Limestone. The tests are conducted on a cuboidal block of the limestone with a flat surface that can be sealed to create a circular aperture through which water influx can take place. Computational results for Darcy flow are used to interpret the results of the experiments. The water entry area can be moved over the surface area of the block to investigate, quite conveniently, the distribution of permeability across the surface of the limestone block sample.

May 1, 2009

By Dale C. H. Nevison

One of the most intensive of material rivalries is the confrontation between zinc die castings and plastic injection moldings. Pressed hard by the plastics industry, zinc die casters are learning how to make parts with less material yet without sacrificing quality. The key to this new trend is the technique of Thin Wall die casting. The obvious benefits of Thin Wall are lighter weight and lower cost. Again, obviously, these are the very selling points that put plastics into many appliance and automotive parts formerly made of zinc. One of the factors that has been most conducive to the outstanding growth of plastics has been the increasingly prevalent concept that "adequate" properties are sufficient, especially if there are cost advantages. Most of modern design today is oriented around the reasonable life of a product, rather than indefinitely extended life. This is simply an acknowledgment of the existence of a design environment that pervades many areas, reflecting the life-cyclic desire for change. Too often, so-called "weight-saving" materials end up being very costly - not only in production, but in durability and dependability. Change for the sake of change usually doesn't effect a change for the better. In the majority of cases, the best bet is to design in traditional materials and minimize the material needed, while maximizing the efficiency of the production process. Component prices of products to be produced from either plastics or zinc must be studied in detail to determine which material will produce the lowest cost of manufacture. It is not uncommon for two parts, similar in appearance at a casual look, to have a considerable difference in energy requirements and production costs. Detailed cost estimates of the advantages of each material should therefore be prepared for zinc and plastic parts before the final design and material selection decisions are made.

Jan 1, 1978

By T S. Cochrane

This paper is based on observations made during a recent visit by the writer to three of the dust research laboratories .in West Germany, each .of which is mainly concerned with studymg the composition and character of the respirable dust produced in mines or at industrial sites. The three institutes are discussed as regards their orgamzat10n and duties, their methods of dust sampling and analysis, and recent trends in research and development. An extensive bibliography completes the paper. Introduction A RECENT trip to Europe to attend international conferences m Austria and m Belgium gave the writer the opportunity to visit a number of research laboratories and mines in Western Europe. The visits to the dust research laboratories in West Germany are the basis of this report. In Germany, cooperative associations formed prior to and since the turn of the 20th Century to promote the safety and welfare of their workers have recognized the effects of airborne dust on the general health of the labour force.

Jan 1, 1964

By E. A. Lowe, J. W. Smith, C. W. Overton

"The operations of Bethlehem Copper are situated in the south-central interior of British Columbia at an elevation of 4900 feet above sea level. Main road and rail transportation systems pass through Ashcroft in the Thompson Valley, which is 28 miles by road from the minesite. The operation was the first low-grade open-pit porphyry copper mine in British Columbia.The minerals are chiefly chalcopytite and bornite, while the rock is principally feldspar and quartz. In the outer fringes of the orebodies some pyrite is present. Average grade of mill feed is 0.55% copper.History of Milling Operations Production commenced in December 1962 at a rate of 3,000 tpd in a plant that comprised two-stage crushing followed by rod and ball milling. Production ratings were increased to 6,000, 10,000 and 12,000 tpd by the addition of a further stage of crushing and more rod and ball mills. When the last expansion was completed tonnage throughput exceeded the 12,000 ton designed rate and was stabilized at 15,500 tpd.However, recovery did not meet expectations at the expanded rate because of coarse flotation feed. Capacity in the rod mill circuits exceeded the subsequent fine grinding capacity, resulting in poor liberation. Studies were initiated to improve recovery without decreasing throughput.Description of Operation Prior to Pebble Milling Crushing with primary, secondary and a closed tertiary stage proceeds at a scheduled 20.5 shifts per week. Fine ore screened on 1/2"" x 4"" apertures is stored in a 30,000-ton bin ahead of two 12.5' x 15' rod mills. Rod mill discharge joins secondary ball mill (one 10.5' x 14' and one 11' x 14') discharge for classification in a single 50"" cyclone which closes the secondary mills. Overflow from this cyclone is split between three third-stage ball mill-pump-cyclone circuits (two 11' x 14' and one 12.5' x 15'). Prior to addition of the two pebble mills the flotation feed was produced by this three-stage grinding system. Grinding criteria are shown in Table I."

Jan 1, 1975

"This paper describes some of the methods and equipment used for fine milling of minerals, and gives particular attention to the Vibro Energy system.In addition, the paper describes a specific application in the gold mining industry. This is the 200 tpd plant built by Anglo American Corporation at the President Brand Mine in South Africa in 1985, now a division of Freegold. This plant treats a gold bearing pyrite flotation concentrate which is finely ground to 15 microns prior to cyanidation and carbon-in-pulp (CIP). l .0 INTRODUCTIONFree milling gold ores are those that yield acceptable dissolution and recovery of the gold following grinding to what can be described as normal fineness, frequently between 50% and 90% passing 74 microns.Increasingly, gold metallurgists are faced with ores that are refractory. The traditiona1 treatment route for refractory gal d ores and concentrates has been by roasting, but for environmental reasons this is becoming less acceptable, or in some areas of the world, totally unacceptable. New methods of treating refractory gold ores are being developed and applied in practice. These new methods include pressure and biological oxidation. Higher gold liberation can also be attained by increasing the fineness of grind, although with conventional systems there are economic limits to this.In flowsheet development and test programs on new deposits, a standard procedure is to establish the relationship between the grind and subsequent go 1 d extraction. The normal situation is that gold extraction increases as the ore, or concentrate, is ground finer. Typically, this relationship is as shown in Fig. l, where the incremental additional extraction is very small once an optimum, or economic, grind has been achieved. This generally app1ies whether the material is free milling or refractory. The limits to grinding are set by the type of equipment which is commonly in use, usually ball mills. These mills have the obvious advantage of high capacity, however, they are increasingly inefficient as finer grinds are required. In general, ball mills are used to reduce ore to some agreed percentage passing 74, or possibly 53 microns."

Jan 1, 1988

By Tim Martin, Dave Tahija

"In April, 2014, Hecla's Greens Creek mill, near Juneau, Alaska, switched from sulphuric acid to the use of dissolved carbon dioxide for lead flotation circuit pH control. The Greens Creek mine uses paste backfill, in which mill tailings are mixed with cement and used to fill mined areas. Some backfill inevitably becomes part of mill feed during subsequent mining cycles, resulting in high feed pH levels and increased dissolved calcium in the lead flotation circuit. Sulphuric acid is traditionally used to lower pH in such cases but it produces undesirable side effects, including poorer lead-zinc separation and unstable froth. The amount of sulphuric acid used at Greens Creek was limited due to these effects, resulting in higher than target pHs when feed backfill content was high. Dissolved carbon dioxide can be added without these limitations so pH levels have been under much better control since the switch. Additionally, lead-zinc separation and froth characteristics have significantly improved.IntroductionThe Greens Creek Mine, owned by Hecla Greens Creek Mining is an underground mine located on Admiralty Island near Juneau, Alaska, producing silver, gold, lead and zinc in the form of lead and zinc flotation concentrates and a gravity gold concentrate (McDonald, Morgen & Hancock, 2012). The lead and zinc concentrates are produced in conventional flotation circuits preceded by a graphite removal flotation step.The underground mine utilizes cemented paste backfill, of which a certain amount is inevitably re-mined in later mining cycles and returned to the mill, mixed with fresh ore. The Portland cement used in the paste backfill is highly basic so that, from the point of view of the mill, the net effect is to introduce a good deal of lime to run-of-mine mill feed, producing a very high natural pH. This high pH needs to be lowered to obtain good metallurgical results."

Jan 1, 2016

By V. I. Lakshmanan, D. A. Mackie

"1. INTRODUCTIONIn the past two decades, low-grade gold and silver ore bodies in the United States have been exploited by heap leaching, primarily with sodium cyanide solutions. This method has proven to be a viable alternative to conventional milling due to its low capital and operating costs. Successes have been made, particularly in Nevada, where ores are well oxidized and the climate is conducive to this method. in recent years, heap leaching has been tried in northern latitudes with some success, however, in using this method, operators face more severe limitations than do their neighbours to the south.This paper evaluates the limitations of heap leaching with particular emphasis on northern climates and introduces an alternative method to recover precious metal values in a continuous vat. This proprietory technology, known as the Mackie Vat Leaching Jig, shows promise, with improved gold recovery and potential to operate in cold climates.2. WHAT ARE THE LIMITATIONS TO HEAP LEACHING?Heap leaching of non-refractory ores is subject to the following limitations:1. Minimum amount of free gold and nuggets in the ore.?. Minerology of the ore--accessibility of gold to lixiviant.3. Minimum particle size and size distribution of crushed product to allow percolation of lixiviant through the heap.4. Minimum amount of clays or clay-like slimes that can cause coating of ore particles and channelling of lixiviant.5. Minimum strength of ore particles or agglomerations to allow economic height of heaps to be built.6. Amount and suitability of real estate.7. Amount and type of precipitation.8. Ambient temperatures.9. Possible poorer lixiviant diffusion.10. Possible lower oxygen content in dissolved cyanide solution with higher heaps, particularly with ice and snow cover."

Jan 1, 1989

By R. Nendick

"IntroductionThe Ancient Egyptians recovered gold from the mud in the bottom of ponds by having teams of maidens sit around the pond dipping goose feathers dipped in grease into the mud. The gold would preferentially stick to the oily surface and was periodically washed off to give a gold concentrate. This was a forerunner of today's flotation processes.In Greek mythology Jason and the Argonauts pursued the Golden Fleece, which was a primitive form of gravity concentrate produced when gold ore slurry was passed over a sheeps fleece. The heavy gold settled and was caught in the fleece, producing a rich concentrate that allowed Jason & Company to perform the first recorded case of highgrading. The process was a forerunner of todays shuiceboxes used in placer mining.From these simple beginnings, gold metallurgy has progressed to a state where very complex flowsheets are proposed, sometimes to perform a simple metallurgical task. Figure (i) shows a hypothetical flowsheet to identify the range of unit processes that might be brought to bear on a refractory ore. The flowsheet identifies the three primary areas of gold metallurgical operations:Ore PreparationExtractionRecovery."

Jan 1, 1986

By Pierre Gaucher

It is possible to selectively mine an orebody by combining the use of the SSW probe with any bulk mining methods as well as narrow vein exploitations. In other words, thanks to the use of the SSW probe, mining operators will be able to reduce and control dilution that is generally associated to every mining operation. Already, quick and substantial savings have been obtained. Falconbridge mines have demonstrated in Sudbury and Raglan operations, that the SSW probe can log nickel, copper and iron sulphides in blast holes. They have raised the grade and reduced dilution by outlining the limits of the ore zones before selectively loading explosives in the blast holes. By lowering the probe in a blast hole, a profile of the ore content is instantly measured and recorded. Logging cored diamond drill holes at the mine have demonstrated that the ore content (nickel, copper, cobalt, PGM) as assayed is proportional to the intensity of the probe?s electromagnetic response (EM), probably because the nickel / pyrrhotite ratio is uniform within a given orebody. The probe also measures the intrinsic conductivity of the sulphides and the percentage of magnetite. All probe readings are displayed and automatically stored at a 10-cm interval within the same reading unit. A 30-meter blast hole takes less than 2 minutes to survey. The whole instrument is light (12 kg) and very simple to use. One operator can carry the SSW system and survey either down or up-holes. The probe works from ?40°C to +50°C. Plotting the measurements of the SSW probe in blast holes (2-3-4-6-10 inches in diameter) before blasting allows to determine the exact shape of the orebody within the waste rock and uneconomic low-grade ore. Thus, only the portion of the holes that contains ore is blasted. The dilution is then much reduced and, by leaving the waste and low-grade ore in place, the mine saves on transportation, blasting, crushing, backfilling, milling, etc. Thousands of dollars are thus saved. Some savings may also be achieved during the development of stopes by guiding development drifts and by replacing diamond drilling by percussion drilling. In some circumstances, when the probe shows that some of the rich ore was not drilled-off, additional blast holes will allow to recover pockets of rich ore that otherwise would have been abandoned in the walls of a stope.

Oct 1, 2001

By Scott Hopkins

Simulation tools are preferred for evaluating complex systems due to its ability to mimic reality and quickly evaluate many different what-if scenarios and find global solutions. A simulation model is capable of representing variable and dynamic disturbances that are typically encountered in day-to-day operations; this is where spreadsheet models or linear programs fall short because they cannot account for the dynamic behavior and relationships. The simulation model used for this work was developed by Xstrata-Nickel (previously Falconbridge). The simulation tool is very flexible and can be used to simulate different mining and development methods. The scope of the modeling included production mining, geology, equipment fleets, equipment maintenance and random failures, manpower, shift schedules, and cycle activity times. A case overview of the 170 Orebody will be presented along with the challenges associated with data collection for the model inputs. Results and lessons learned will also be discussed.

May 1, 2008

By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By Songgen He, Jianchun Guo

With the development of complex, unconventional and deep reservoirs, it shows that many rocks behave plastically with the influence of clay and confining pressure. Traditional linear elastic hydraulic fracturing initiation models are not good predictors for elastic-plastic reservoirs. With the deformation theory of plasticity, a power hardening constitutive equation was developed in piecewise approximation method. Based on the nonlinear constitutive equation, a model of the stress field around the wellbore was developed considering fracturing fluid penetrating effect and in-situ stress anisotropy. At last, coupled with the maximum tensile strength criterion and Mohr-Coulomb criterion, a new elastic-plastic hydraulic fracturing initiation model was built. The following conclusions were summarized in the paper: (1)The piecewise power hardening constitutive equation based on the deformation theory of plasticity can accurately describe the nonlinearity of elastic-plastic deformation. (2)Whether the rock is yielded or not is determined by in-situ stress, yield stress, Biot coefficient and pore pressure. (3)Plastic yield has little influence on radial stress but significant impact on circumferential stress. The radius of the plastic zone is positively correlated with in-situ stress but negatively correlated with yield stress, power hardening index, pore pressure and Biot coefficient. (4)Initiation modes include tensile failure and shear failure when rock is yielded. (5) For elastic-plastic reservoir, the initiation pressure predicted by linear elastic model is much lower if the rock is yielded.

Jan 1, 2015

By R. E. Jones

"Crusher sizing and application in mining operations is the selection of a crusher or a series of crushers to reduce run of mine ore to a size suitable for either autogenous or conventional grinding. It is important that the crusher or crushers be sized to operate within the range to which they have been designed. By the range to which they have been designed, we mean that the reduction ration must be held between specified limits. Reduction ration is the relationship between feed size to product size.In todays plants reduction is usually accomplished in three stages by primary, secondary and tertiary crushers.Primary crushers are either jaw or gyratory and are designed to handle run of mine feed at an open side setting of 5-1/2” to 7”. Reduction ration should not exceed 7 to 1.Jaw CrushersThe model size of a jaw crusher signifies the feed opening. A model 60 x48 jaw has a feed opening 60” wide by 48” long. The 48” is the dimension between the top of the swing jaw and the top of the stationary jaw. The 60” is the width between the two side frames. The crusher open side setting is the discharge opening at the bottom of the crushing chamber with the jaws in an open position. When corrugated jaw plates are used, the open side setting is measured from tip of one jaw plate to the valley of the opposite jaw plate. If a jaw crusher has a 6” open side setting with a 1” jaw motion, you could also say it has a 5” closed side setting."

Jan 1, 1974

By Jean-Claude LeRoy, Herman Keller

"INTRODUCTIONEROCON's work is the reclamation of mine wastelands. It has had considerable experience in particular in the reclamation of gold mine tailings in the Canadian Shield since the latter part of the sixties when most gold mines were closing down.A typical example is the famous Hollinger Mine in Timmins which produced $566 million worth of metal from 1910 to 1968 and had left behind some 56 million tons of tailings covering about 1,000 acres which were reclaimed on very short order and are now lush meadows of agricultural quality.To date, practically all gold mine tailings have been reclaimed once and for all by establishing a permanent, self-sustaining and maintenance free vegetation cover.RECLAMATION & THE MINING TOWNSThe first appreciation of people in a mining community where the tailings have been revegetated will be noticing one day the elimination of dusty conditions that used to arise formerly on every dry and windy day. In that respect, EROCON encourages not only vegetating the tailings but also the immediate surroundings of the mills and plants themselves at active mines. The elimination of windborne dust will result in an appreciable decrease in maintenance costs of plant and machinery and more pleasant working conditions for all."

Jan 1, 1975

By Andrea Lisjak Bradley

Clay shales are currently being assessed as possible host rock formations for the deep geological disposal of radioactive waste. However, one main concern is that the favourable long-term isolation properties of the intact rock mass could be negatively affected by the formation of an excavation damaged zone (EDZ) around the underground openings. The goal of this thesis was to develop and validate a mechanically-based model of the deformation and failure process of a clay shale, namely Opalinus Clay (OPA), with particular focus on the influence of anisotropy on the short-term response of circular tunnels. To achieve this goal, a hybrid continuum-discontinuum numerical approach was developed in combination with new field measurements from the Mont Terri underground research laboratory. The response of OPA during the excavation of a full-scale emplacement (FE) test tunnel was characterized by geodetic monitoring of wall displacements, radial extensometers and longitudinal inclinometers. The deformation measurements indicated strong directionality induced by the combined effect of in-situ stress field and bedding planes striking parallel to the tunnel axis, with the most severe deformation occurring in the direction approximately perpendicular to the material layering. Computer simulations were conducted using a newly-extended combined finite-discrete element method (FEM/DEM), a numerical technique which allows the explicit simulation of brittle fracturing and associated seismicity. The numerical experimentation firstly focused on the laboratory-scale analysis of failure processes (e.g., acoustic activity) in brittle rocks, and on the role of strength and modulus anisotropy in the failure behaviour of OPA in tension and compression. The fracturing behaviour of unsupported circular excavations in laminated rock masses was then analyzed under different in-situ stress conditions. Lastly, the proposed modelling methodology was applied to the aforementioned FE tunnel to obtain unique insights into the EDZ formation process around emplacement tunnels for nuclear waste. The calibrated numerical model suggested delamination along bedding planes and subsequent extensional fracturing as key mechanisms of the damage process potentially leading to buckling and spalling phenomena. Overall, the research findings are already having a direct impact on the preliminary design process of an underground repository for nuclear waste in Switzerland.

Jan 1, 2015

By A. Akerman, C. P. O’Connor, N. Vayenas

"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. RPTs, such as stereolithography, can facilitate engineers and geologists to quickly, and with satisfactory accuracy, 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 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 to underground hard rock mining systems. RPTs can play a significant role in accelerating the design and development process of mining systems."

Jan 1, 2006

By G. C. McKerrow

"Mr. G.C. McKerrow, Assistant Manager of Noranda Mines and formerly Smelter Superintendent attended the meeting to answer questions as to why smelters imposed penalties for too much zinc in a copper concentrate or too much copper in a zinc concentrate, etc.D.W. Bridges -Mattagami Lake MinesWhat limits do you set on zinc and lead in a copper concentrate?G.C. McKerrow - At Noranda, we allow 5% zinc free and charge 25 cents for every unit above that. For lead, it is 1% free and 25 cents per unit above that. Lead is a much more harmful impurity than zinc because it tends to recycle more in the smelter circuit and creates a greater health hazard in the plant.E. Thornton - Sullivan GroupWHat harm does fluorine do in the smelting process?G.C. McKerrow - Fluorine usually does not occur in harmful concentrations in non-ferrous smelters. Fluorides are present in exhaust gases in the aluminum and phosphate industries. If these fumes escape into the atmosphere, they may settle out on forage grasses in concentrations that are harmful to livestock.Thorton - Sullivan GroupI have asked this question other places and have been told that it is hard on brick linings and causes gold and silver to be lost up the stack.G.C. McKerrow - Almost any volatile constituent in a smelter charge will aid in carrying other metal values. To this extent it may be harmful.E. Thornton - Sullivan GroupMr. Tait mentioned before a smelter where they have a copper-tin ore and they pay for copper, tin, bismuth and silver but object strongly to indium in the concentrate. Why would this be?G.G. McKerrow - 1 can't see why indium would be a serious impurity. It does tend to concentrate in flu dusts and if you get enough of it you can recover it and sell it but I have never heard of anyone putting a penalty on it.Question - I once ran into a small copper mine in Peru that had cadmium in the copper concentrate but no zinc. The copper smelter charged a penalty for the cadmium. Why would this be?"

Jan 1, 1971

By J. T. Furey

"A pilot plant study was conducted to evaluate the performance of column flotation in the recovery of gold from a gold/tellurides bearing sulphide ore, and to compare the performance of column flotation to conventional ""mechanically agitated"" flotation.Tests were conducted in a 60 liter glass column with ground flotation feed split from a concurrently operating conventional pilot plant, thus permitting direct comparison between the two processes. During the test program, the effects of wash water rate, gas holdup, froth depth, residence time and flow bias were examined in detail.The ore had an average ""as tested"" feed grade of about 5 g/t gold and 1 % sulphur, with the gold occurring primarily as inclusions of montbragite (Au2Te3) in pyrite, with minor amounts of native gold. Conventional flotation using 60 minutes residence time across four roughing stages recovered about 97% of the gold into concentrates grading about 50 g/t Au. A single stage of column flotation roughing using 25 minutes residence time matched the conventional circuit recovery of 97%, but produced grades of+ 150 g/t Au. INTRODUCTIONColumn flotation is the most significant innovation that has occurred in the mineral processing industry in recent years and has become an important alternative to mechanical flotation. Column flotation has been most widely accepted and applied in cleaning service where it has frequently proven to be superior to mechanically agitated flotation. Roughing in columns has not been ignored, but early testing indicated that columns may not be capable of achieving adequate recovery and, to date, columns have not been seen as serious competitors for mechanical roughers."

Jan 1, 1990

By Don Thompson

Canada’s oil sands are a controversial topic and virtually every newsmaker and layperson seems to have an opinion about this 179 billion barrel resource. The oil sands represent 97 per cent of Canada’s remaining oil reserves, but misinterpretation and misrepresentation of the facts are threatening development of a resource that generates significant employment and tax revenue for Canadians. Join Don Thompson, president of the Oil Sands Developers Group, as he dispels the top ten myths about Canada’s oil sands and presents an alternative perspective on an industry that can play a critical role in North America’s economic recovery.

Jan 1, 2010

By H. R. Bullis

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

Jan 1, 2001