Mine Mechanization and Costs at Copper Mountain

- Organization:
- Canadian Institute of Mining, Metallurgy and Petroleum
- Pages:
- 8
- File Size:
- 5104 KB
- Publication Date:
- Jan 1, 1950
Abstract
Introduction The operations of The Granby Consolidated Mining, Smelting and Power Company, L1mited, have always been concerned with the mining of low-grade copper ores. In the fifty years of this Company's existence, nearly 60,000,000 tons of such material has been successfully mined and treated. During these years, many changes in mining practice took place. However, at Copper Mountain, due to the large tonnages of very low grade material, it was realized that something more than changing mining methods would have to take place if these low-grade orebodies were to be mined at a profit and the Company and. its employees enjoy many years of successful operation and employment. Production costs were mounting commensurately with rising taxes and the increasing cost of supplies, labour, freight, and smelting, while the value of the product on the market was not increasing in price to compensate for the higher costs of production. A survey of the mineable ore in 1944 indicated that, of the 12,000,000 tons in the reserves, only 3,500,000 tons was now profitable ore. This reduction in the commercial ore reserves was a serious matter, as it meant that the mine had only two years of life at the profitable shipp1ng rate of 4,800 tons per day. Further, the location in the mine of the orebodies making up the 3,500,000 tons was not suitable for such high production.
Citation
APA:
(1950) Mine Mechanization and Costs at Copper MountainMLA: Mine Mechanization and Costs at Copper Mountain. Canadian Institute of Mining, Metallurgy and Petroleum, 1950.