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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 Neil Westoll

Extensive Global Network ?Working together, AECOM provides clients with a unique blend of global reach, local knowledge, innovation and technical excellence. ?43,000+ team members worldwide ?450+ offices ?100+ countries ?6 continents The Changing Climate ?Climate change is ?official??IPCC 2007 ?Climate change will create instability, change and opportunities ?Companies that are resilient and adapt will survive and evolve ?CO2/GHG emissions will be curbed by legislation ?How will this affect the mining industry? ?How can the mining industry adapt to the new realities?

May 1, 2009

?Bank Lending to the Mining Sector affected by 2 broad factors since Mid 2008: 1. Economic Downturn (?the Real Economy?) for mining companies directly reflected in lower metal prices (current and forecasted). In the case of gold companies, minimal effect. 2. Financial Crisis (?the Credit Crunch?) as it has affected the lending activities of those banks active in the mining sector.

May 1, 2009

The cost benefits of controlling dilution of extracted ore have been very well understood by miners and mining professionals for many years. However, as we strive towards more mechanization, the dilution factor has been compromised in order to fit ?equipment? that is better suited to provide improved safety and productivity. Alternately, the drilling and ground support is accomplished by handheld drilling. In 2007, a short study, commissioned by CAMIRO (Canadian Mining Industry Research Organization) on the safety of hand held drilling vs. mechanized drilling, concluded that the risk of injury with handheld drills was seven times greater than with mechanized drills. Armed with this data, MEDATech Engineering proposed to the CAMIRO group to fund development of a ?MICRO Bolter?.

May 1, 2009

Overview of Presentation Why Enter Agreements with First Nations Making it Win-Win ?The Principles The Process Making the Process Work Resource Agmts Defined Resource Agreements are legally binding agreements between a resource company and the First Nation(s) whose Aboriginal or Treaty rights may be impacted by the activities of the proposed project

May 1, 2009

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 David Clarry

?The issue ?reduction requirement ?Planning abatement steps ?Energy Management & Energy Efficiency ?Energy Recovery / Utilization ?Alternative Energy Professional Services Overview ?Capital Projects and Construction ?Project Development and Planning ?Engineering ?Project management ?Construction management ?Consulting ?Process ?Business ?Environmental ?Technology ?Operational Services ?In-house engineering services for operations

May 1, 2009

By M. Pierce

Empirical relations exist for the estimation of rock block strength at scales larger than standard core sizes. Two recently published relations account for the significant impact that microflaws (pores, open cracks, veins) and weathering/alteration can have on scale effect. These relations were used to estimate the rock block strength of heavily microfractured quartzite from the Bingham Canyon Mine. Predictions were compared to the results of Uniaxial Compressive Strength (UCS) tests conducted on cylindrical core samples of varying microfracture intensity and diameter. The comparison confirms the sensitivity to microfracturing suggested by existing relations and suggests that they would benefit from more detailed consideration of microfracture strength, density and persistence over a range of scales. The results of a numerical study illustrate how Synthetic Rock Mass (SRM) modeling techniques could be used to complement empirical data in the development of such relations.

May 1, 2009

By Rodney S. Read

This paper outlines a reasoned argument why no large-scale fracturing or faulting will be induced in the host rock by a deep geological repository (DGR) for nuclear fuel waste. Four DGR designs in three possible host rocks, including crystalline and sedimentary rock types, are considered. The reasoned argument draws from results of previously conducted thermal- mechanical analyses and new scoping calculations, along with evidence from experiments conducted in Canada and elsewhere. It is concluded that large-scale fracturing in the far-field is implausible given the expected in situ stress conditions in relation to rock strength. Near-field damage development and fracturing are expected in DGR scenarios in the different rock types, but these near-field effects are not expected to lead to large-scale fracturing that could compromise the integrity of the DGR and surrounding rock mass. Additional analysis and characterization activities are recommended to further validate the reasoned argument. Thermo-poroelastic loading of the rock mass is identified as one possible driving mechanism that should be studied further.

May 1, 2009

By A. Fakhimi

The effect of porosity on mechanical behavior of rock has been studied in the past using both experimental and numerical techniques. One important aspect of this study that has not received much attention is the role of void size and distribution on the mechanical behavior of rock. In this study, the CA2 computer program that is a hybrid discrete-finite element program for two-dimensional simulation of geomaterials is used. Numerical specimens with different macro-void sizes are loaded uniaxially. The Young?s modulus, Poisson?s ratio, uniaxial strength and crack initiation stress are studied. The numerical results are compared with the database of experimental tests on Plaster of Paris specimens containing Styrofoam spheres with different void sizes and porosities. It is shown that the macro void spatial distribution is partly responsible for the scatter of the experimental data. It is also shown that not-only the porosity but also the pore size can affect the deformability, crack initiation stress and rock strength.

May 1, 2009

By Les F. Sawatsky

Surface drainage, particularly mine closure drainage, must be properly considered during all stages of mine planning because it presents constraints that are critical to economic mine operation, minimizing environmental impacts and ensuring compliance with government regulations. Deficient mine site drainage increases costs of operation, causes unnecessary environmental impacts and may result in regulatory violations. The scope of this paper includes stream diversions around mine areas, drainage systems within the mine disturbed footprint, and closure drainage works to control surface water, ground water, erosion, sedimentation, and seepage discharges following mine operations. Developing selfsustaining drainage facilities upon mine closure, requires a mine plan that develops appropriate topography and constructed drainage courses that replace the function of pre-disturbance drainage systems without aggravated erosion and deterioration. Drainage criteria, particularly closure drainage criteria, represent important constraints on mine planning and are best considered by integrating drainage features into the mine plan well in advance of mining activities. Integrated mine planning by a multi-disciplinary team is recommended to achieve closure objectives at minimum cost and maximum effectiveness The geomorphic approach to channel design is an effective means of providing a drainage system that has the appearance, function and longevity of natural systems. By incorporating this technique into closure drainage planning, mine operators can construct sustainable (walk-away) drainage systems that require little or no maintenance in the long-term. This paper presents a process by which drainage criteria and associated mine plan constraints can be integrated into the mine planning process. This paper outlines the process for detailed design of drainage facilities, particularly closure drainage systems that are designed by the geomorphic approach.

May 1, 2009

By A. P. E. Dirige

Extensive field study has been performed to assess the capabilities of thin sprayon liners (TSLs) and conventional spray-on support systems for preventing rock and support material damage that often results due to mining-induced rockbursts. Support performance was studied using field scale explosive detonation trials to simulate dynamic failure effects that are known to develop during typical rockburst events. Multiple seismic and high speed photographic monitoring techniques were used to provide detailed information concerning rock motion, surface fracturing, ejected fragment motion, and support liner survivability characteristics. Results of this study have demonstrated that TSL?s and variant layer combinations may be as effective as or better than conventional support materials for mitigating rockburst or like damage in highly stressed mine environments. In this study, field results have been verified using numerical modeling procedures to better understand the support behaviour of TSLs when subjected to highly stressed mine environments and mining-induced rockbursts, a factor that is essential when designing any rock support system. A series of numerical modeling assessments were conducted using FLAC3D modeling of a half circular TSL-lined tunnel, influenced by anisotropic stresses and simulated mining-induced rockbursts, to investigate the support potential of TSLs under prototype conditions. The effect of a mine rockburst was simulated using the three-dimensional dynamic analysis option of FLAC3D. Results of TSL-lined tunnels in highly stressed and mine rockburst conditions indicated exceptional effectiveness of TSLs for suppressing rock deterioration resulting from stresses and rockbursts. The rock support potential of TSLs on tunnel surfaces was compared with that of thin shotcrete linings, and results indicated that thin spray-on lining products currently available may be equally as effective in support as shotcrete materials.

May 1, 2009

By Lian-Jin Tao

With fast development of China modernization, road construction obtains great achievement. However, in the construction process of highway, especially the high-grade highway in mountainous area, there are many unavoidable high cut slopes. Specifications for Design of Highway Subgrades, China, prescribe that the design scheme of slope with height more than 30m should be compared with bridge scheme and tunnel scheme economically. In spite of the existing guidelines, it is still quite common to see many high slopes due to engineering geological conditions, highway line shape, cost and issues related to traditional design ideas. Actually the traditional way with ?high backfill, the high cut? for mountainous highways seriously damages the original ecological environment and groundwater system, especially to those area with weak ecology, where the damage is unrecoverable. It is quite common practice to use artificial vegetation for cut slope virescence, however it still has problems such as low ratio of survivor, high maintenance cost and lack of species diversity. Now people are more and more aware of the importance of ecological environment, it becomes urgent to decrease the damage to ecological environment after ensuring the stability of high slopes. With the aim to reduce ecological damage, we proposed a new design approach which is ecological environment friendly by decreasing cut slope height with steep excavation scheme. This approach requires that (1) the geological condition is good, and the rockmass can be sTable itself; (2) excavation should not badly damage the rock, which means blasting must be controled by using buffer blasting, smooth blasting and pre-splitting blasting; (3) if local geological condition is not very good, excavation should have intervals for one bench, the advised space is 20m; (4) to ensure the slope stability in construction process, the cut slope should be reinforced more strongly than usual and in time. Finally, the deformation of the slope and the working condition of the reinforcement structure should be monitored to ensure the slope stability. The new design is used to a roadside cut slope of provincial trunk highway S223 in Guangdong Province. Based on intensive geological investigation and borehole tests, it is found that the slope rock mass is intact and sound, and the rock strength is quite high. Results from numerical modeling by UDEC reveal that compared with the traditional design scheme with 90.23m high slope, the steep scheme with only 23.46m high is characterized by its relatively large deformation and stress concentration, however the influenced area only appears at the upper slope and tends to sTable. With cable reinforcement, the stability of slope excavated steeply can be guaranteed. Deformation of the slope and the cable force are monitored in details in the period of construction, which show that the deformation of the slope decreases gradually and the final deformation is very small, and the cable tensions change small after the cables were tensioned. It is optimistically estimated that the steep slope should be sTable during operation. Comparison analysis between the steep scheme and the common scheme affirms that the steep excavation is better than the traditional scheme in terms of ecological environmental effect, slope height, the excavated amount, the excavated quantity of slope surface, engineering cost. It is concluded that if geological condition permits, the steep cut scheme should be used with better benefits.

May 1, 2009

?NWCC has the highest number of Aboriginal students of any post secondary institution in BC and the region served includes 25 bands ? Chair of the Board of Governors is Irene Seguin (Hagwiloo K?am Saxwhl Giis) from Gitwinksihlkw ? FN council ? 39 First Nations Members * focus is to develop policy recommendations to increase student success rates

May 1, 2009

?Podolsky Water treatment plant discharges to Norman North bog which drains into Whistle / Post Creek watershed and into Wanapitei Lake ?Whistle Mine closed and reclaimed but continues to treat and discharge water to Whistle Creek

May 1, 2009

By E. Bongajum

We present results from petrophysical studies to characterize a Zn-Pb-Ag deposit in Nash Creek, New Brunswick. The measurements are part of an integrated study that includes geological and geophysical data acquired on the property. In order to successfully characterize the ore body, an understanding of the relevant physical parameters and their change with vertical and lateral variations of the target lithology is necessary. The quality of the estimated 3D variation in the physical properties is supported by the presence of several boreholes that randomly span the survey region. Density was measured from cores of thirty-two boreholes across the area. Seventeen of these boreholes constitute two intersecting borehole profiles, which is ideal for locally modeling the 3D distribution of the ore deposit. High densities (>3.2g/cm3) correlate strongly with Zn-rich mineralization zones (low resistivity). Compression and shear wave velocity measurements made from representative core samples of the regional geology range from ~2.91 to ~6.41 km/s for P-waves and from ~1.41 to ~4.20 km/s for S-waves. The lower bounds of these velocity values correspond to regions with a high degree of alteration. Moreover, porosity estimates from rocks on the property suggest that porosities range from 0.35% to 11.79%. Induced polarization (IP) measurements confirm that mineralized samples show a significant chargeability and resistivity contrast with respect to the host rock. Thus, chargeability and resistivity information can be combined to adequately identify conductors associated with mineralization in electrical survey data. Information on these physical parameters and their 3D statistical distribution have serious implications on various aspects of mineral exploration that include: resource estimation, choice of geophysical data acquisition and interpretation, and information for preliminary rock stability assessment.

May 1, 2009

The #3 Shaft at Brunswick Mine, Bathurst, New Brunswick, Canada, intersects a soft graphite zone just below the 3400 Level. Ground movement within this zone causes the concrete liner of the shaft to be deflected towards the shaft?s interior, affecting the steel framework of the conveyance. In some areas, the clearance between the cage and the liner has been reduced to less than 2 cm, which is a concern. An innovative surface-mounted extensometer was designed in 2008 to monitor potential movements of the shaft?s liner. Four such novel extensometers were installed in the shaft for the surveillance of a particularly critical 3.0m by 5.5m area. This article describes the approach taken to instrument the shaft, the principle of the new extensometer, as well as the performance of the instrumentation following its installation.

May 1, 2009

By Gunnar Nord

Introduction ??Atlas Copco has customers both amongst Miners and Contractors ??We believe that the contractor's approach to tunnelling is worthstudying ??For a tunnel contractor the incentive is speed as ?30 % of the costs are material related ?70 % of the cost are time related ?A tunnel contractor favours utilizing of the face ?A miner favours utilizing of the gear ??Statement; In mining, a long term average advance rate of more than 10 m / day can be achieved with the excavation techniques availabletoday

May 1, 2009

By J. K. Van Beek

The Deep Underground Science and Engineering Laboratory (DUSEL) is a scientific facility that will be placed in the deeper reaches of the Homestake mine, Lead, SD. Our team of geologists and engineers is carrying out the first scientific project awarded to the site ? Towards a Transparent Earth. Taking advantage of the thousands of open exploratory and sand-line holes, we are installing the beginnings of a seismic observatory. Each installed station consists of a 3-D accelerometer package and a 1 nanoradian 2-D tilt meter. In order to allow for a variety of monitoring and characterization studies, the array instruments are sensitive over the frequency bandwidth of 0.2 - 1 KHz. Three, three component accelerometer stations are currently installed ? in a 140 m deep bore beneath the slurry pump house, and in 12 m deep bores on the 2000-foot level, 800 and 400 m from the Ross shaft. There is a tilt-meter installed at each 2000 level station. These installations are in 150 mm diameter sand-holes. From the currently installed tilt sensors we are investigating solid earth deformation as a response to tidal potential. The accelerometers are being used to locate and characterize events associated with mine dewatering and rehabilitation.

May 1, 2009

Electric Vehicle Controllers Ltd. ?EVC started in 1981 ?Underground electric locomotive drive systems ?Developed tandem load sharing system and radio ELOS controls ?Locomotive autonomy systems ?Entered space technology development in 1999 with NORCAT to develop Mars drill for CSA ?Commercial distributor for drilling systems, lunar physical simulants, electric mobility systems and lunar mining technologies

May 1, 2009