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By A. Cabañas

"In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned.A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view. IntroductionThe copper price traded in the London Metal Exchange is a relevant parameter for defining macroeconomic policies of producing countries like Chile. It is also a key factor for the mining companies, since fluctuations in the sell price affect the expected financial flows. Due to the amount of money involved in decision-making, it is necessary to have accurate forecasts of the future copper prices and to quantify the uncertainty associated with such prices.This paper focuses on the annual copper price estimation in the short and medium terms, i.e., from one to five years into the future. Henceforth, the word “estimation” will be used as a synonym of “forecast,” according to the geostatistical jargon (Matheron, 1989).Two main approaches, based either on statistics or econometrics, are currently used to forecast commodity prices, but both of them are not very accurate when applied to copper. First, the main methods are briefly reviewed, then the geostatistical formalism will be presented. So far, the latter approach hardly has been used to estimate commodity prices, although it may reconcile both statistics and econometrics via (1) the use of a stochastic approach and (2) the handling of ancillary variables related to the copper market. Another advantage of geostatistical techniques is the ability not only to forecast the copper price, but also to measure the uncertainty associated with it."

Jan 1, 2004

By L. E. Djingheuzian

Introduction Cylindrical grinding mills have been used for a long time, but during many years of testing no methods were established that gave consistent results. The work by both scientific investigators and operators led very often to contradictory conclusions, and each millman was very much 'on his own' when trying to find the limits for working of his ball-mills. Fred C. Bond, in the introduction to his paper on Wear and Size Distribution of Grinding Balls, freely states that the mathematical immaturity of the grinding process "is the cause of many inefficient designs and installations as well as of much poorly oriented experimental work", and evidently he sees the solution of all our grinding problems in the discovery of the fundamental laws "which can change the empirical art into a mathematically exact science". While the writer is in complete agreement with Mr. Bond that grinding is governed by fundamental laws which can be expressed by mathematical formulae, there are so many variables in grinding, all interwoven with each other and mutually influencing each other, that the coalescing and merging of all these variables into a harmonious mathematical whole appears to be a homeric job. However, a light appeared on the horizon when it was proposed that power be used as an index of the grinding operation. It is pertinent to quote Gow, Guggenheim, Campbell, and Coghill from their paper on Ball Milling, in which they say: "Much of the past literature devoted to the subject has been concerned with the Kick-Rittinger dispute over evaluating grinding, or with dissertations on ball paths and the closely allied impact versus attrition hypotheses or with the exclusive consideration of certain specific variables, such as mill speed or circulating load, irrespectve of the other factors in operation. Such subjects may be dismissed with but little discussion in what may be called, by comparison a new philosophy in the stud of ball milling. Briefly this 'new philosophy' consists ' of using power as an index of the mill operation, and investigating grinding from the standpoint of set and induced variables with emphasis on the latter". But it is safe to assume that it was the work by E.W. Davis, H. E. T. Haultain, F. C. Dyer, A: M. Gaudin, J. Gross, S. R. Zimmerley, and others, that cleared the path for the authors of Ball Milling and induced them and A. W. Fahrenwald to look farther afield and thus to establish a far-reaching relationship between the power and capacity and the diameter of the ball-mills.

Jan 1, 1949

By Fred Delabbio

There are presently several issues that the mining industry is facing, such as underground air quality, deep mining and green house gas emissions, which could be addressed by the application of alternate energies. Several aspects must be considered by the industry in any drive to introduce new technologies within the context of a producing underground mine. This article presents several operational and support aspects that will evaluate the relevance of alternate energies, with emphasis on hydrogen power systems: operational drivers, commercial supply of technology, site supply system requirements, health and safety, capital and operating costs, mine production, corporate philosophy, and role of government. It is concluded that introduction of alternate energy technology requires a step-wise progression: Applicability to the industry, proof of concept testing, development of generic infrastructure, power systems and regulations, whole system studies and detailed studies of cost and risk versus benefits. The current initiative to apply fuel cells is at the proof of concept stage, entering the generic infrastructure stage.

May 1, 2007

By M. C. Ethier, A. L. Laramie

"The Granisle and Bell Copper mines were officially put into production in 1966 and 1972, respectively. The Granisle Mine was purchased in late 1979by Noranda and the two operations were amalgamated as one division. Both mines were closed in 1982after sustaining heavy financial losses during a period of low copper prices beginning in 1981.This paper describes the resumption of operations at the Bell Mine in 1985 after its shutdown period of three years and the dramatic and sustained improvements in productivity and efficiency realized as a result of a commitment by employees and management to the application of Participative Management and Employee Involvement principles. After a general description of the effects of such a philosophy on the operation as a whole, and a comparison to the operation's last full year as a producer, it deals with the practice of this philosophy in the maintenance department at the Bell Mine and the superb results realized.IntroductionThe Bell Copper deposit was discovered in 1963 and came onstream as a 10000 ton s per day open pit mine in the fall of 1972. Identified reserves at that time were 46 million tons of ore containing 0.50% copper. The mine shared facilities of the townsite of Granisle with the nearby Zapata-Granby mine which had established the community six years earlier.Because of easy grinding ore and improvements to milling circuits, Bell's throughput rate was increased to 17 000 tons per day by the late 1970s. In the open pit, improvements resulted in mining of additional reserves with higher stripping ratios. At startup, a half ton o f waste was mined for every ton of ore processed.By the end of 1982, with 48.2 million tons already mined, the Bell Mine had identified additional mineable reserves of 39.4 million tons containing 0.52% Cu.In November 1979 the Granisle Mine was purchased from Zapata-Granby. The two mines, with a total of 700 employees, were operated under common management as the Babine Division until 1982 when low copper price s forced the closure of both for an indefinite period.The outlook for copper prices remained bleak and only 50 people were retained on the payroll to maintain the two plants, most of them working on a part-time schedule.The population of the Village of Granisle dwindled from over 1500 inhabitants to under 500, as people moved away to seek other employment.Prior to the shutdown, the Bell Mine employed 370 people and pit extraction averaged nearly 50000 tons per day of which 16000 tons was mill feed, and the remainder waste. Total cost to produce a pound of copper was C$1.36 in 1982."

Jan 1, 1990

By Donald Leroux, Asim Tuzun, Simon Gariépy, Luc Lachance, Hayley Halsall-Whitney

"The importance of coherent material balance results has long been recognized by mining and metallurgical companies. Although this is still true nowadays, various stakeholders are increasingly concerned about the origin and the accuracy of the reported numbers. The last decade has shown that most metallurgical accounting concerns can be addressed by making two important changes to plant performance monitoring practices. First, introducing data redundancy into the metal balance procedure allows the estimation of measurement errors. Second, the migration from spreadsheet-based to relational database based systems brings transparency, data integrity, traceability and auditability into metallurgical accounting. Relational databases also facilitate the production of reports that metallurgical accountants must issue routinely. Recognizing the caveats of the spreadsheet-based metal accounting method they had been applying for years, Strathcona decided to switch to a commercial relational database system in 2008. For the most part, the migration was seamless. Some challenges were raised but they could all be overcome and outweighed by benefits gained from day-to-day utilization of the system.INTRODUCTION Metal accounting (Morrison, 2008) has always been essential to high-quality corporate governance of mining and metallurgical companies. Although the importance of coherent material balance results has long been recognized, various stakeholders are increasingly inquisitive about how the reported numbers were obtained and how much accuracy can be attributed to them. This accrued scrutiny is obviously no stranger to the corporate governance tightening that happened through the years in response to outrageous accounting scandals. It is also in continuity with securities laws (such as NI-43-101 in Canada) that were passed to protect the public from other market fraud. Recognizing the importance of spotless metal accounting in their reports to the public, a group of global mining companies gave AMIRA International the mandate of developing a set of rigorous yet practical metal accounting guidelines for the mining and metallurgical industry. The AMIRA P754 project was launched in 2004 and the first version of the resulting Code of Practice was released the following year. Since then, the Code was reviewed twice and revised releases were issued (AMIRA, 2007). While some parts of these guidelines are in continuity with current commonplace practices, other parts recommend changes to inherited practices that may be significant. For example, they highlight the importance of data redundancy (Lachance & Flament, 2011) which in many operations is either already available but unexploited or achievable with reasonable efforts. These guidelines also stress the importance of state-of-the-art metal accounting systems, such as those based on relational databases, which are secure and entirely auditable by a Qualified Person. Because most spreadsheet software packages allow data and formulae to be modified at any time, without a trace and anonymously, they do not meet these requirements."

Jan 1, 2012

By G. A. Van Wielingen

"The conditioning of natural gas to meet contract pipeline specifications involves in the majority of cases in Western Canada, the appropriation of substantial capital expenditures for treating and processing installations. It is therefore of vital importance to the owners and producers of natural gas to arrive at an appreciation of the economics pertaining to the production and surface handling of their gas reserves at the earliest possible stage of field development. The treating and processing of natural gas often results in considerable changes in composition and related physical characteristics between the wellhead and the point of delivery of the saleable gas. This paper presents a general outline of engineering calculations which can be applied in the pre-determination of the effects that surface handling of gas will have on the composition and physical characteristics of sale-able gas. Emphasis has been placed on the calculation of hydrocarbon dew-points, heating values and shrinkages prevailing at the various stages in the surface handling of natural gas. It is believed that advance information indicating the approximate ranges of these physical properties will facilitate process selection and will provide a basis for the estimation of capital and operating costs of process installations."

Jan 1, 1960

The stability of paste fill bulkheads forms an integral part of a successful paste fill system. Bulkheads are constructed at the draw points of open stopes to contain paste fill while the initial pour cures and forms a consolidated plug. Mobilization of uncured paste fill as a result of a bulkhead failure can lead to significant consequences, including endangering the safety of personnel, property damage and production losses and delays. The loading conditions in the paste fill and the resultant lateral loads on the bulkheads are complex and are dependent on many factors. This paper presents a case study of several paste fill bulkhead failures; the results of an in-situ pressure monitoring program to ascertain the pressure loads, and the subsequent paste fill bulkhead evaluation.

May 1, 2007

By Benoit Bissonnette, David Gelderland

"The Campbell Mine Constructed Wetlands has been in full operation, processing effluent from the water treatment plant of the mill circuit for the last two years.The overall results are extremely positive with dramatic improvements for the originally targeted parameters – Ammonia, Copper and toxicity.• Ammonia concentrations were reduced from an average of 5 mg/L to an average of 0.43 mg/L which translates to an average reduction of 91%.• Copper concentrations were reduced from an average concentration of 0.054 mg/L to an average of 0.019 mg/L, which translates to an average reduction of 65%.• LC50 Acute toxicity testing revealed no impact.• IC25 Chronic toxicity tests revealed no impairment to growth or reproduction.As a result of the improvements in discharge water quality from the wetland, 100 percent compliance with respect to all Certificate of Approval, MISA and MMER regulations for effluent will be consistently achieved.The system has proven to be very easy to operate and maintain, with a minimum of care. Given some basic rules are followed, the construction of the wetlands was straightforward and relatively inexpensive compared to other treatment methods.The ecological benefits of the operation of the wetland are also quite substantial, as is the positive image of the corporation in environmental stewardship.INTRODUCTIONOver the last four years, Campbell Mine has adopted an aggressive schedule for the development of wetlands for use as the final stage of effluent treatment within the tailings management facility. The focus of this work has been to utilize natural biological systems to provide Campbell Mine with a 100 percent compliant water quality with respect to all MISA, MMER and COA discharge criteria at all times throughout the effluent discharge period."

Jan 1, 2003

By Brian Hart, Stamen Dimov

"The Time of Flight Secondary Ion Mass Spectrometer (ToF-SIMS) is unique in that it measures the outermost atomic layers of any material. The technique is particularly suited for determining surface chemical composition of mineral particles. It is most commonly used as a diagnostic tool to measure mineral surface chemical variability in plant and bench top flotation separation processes. Recently, research towards understanding the full capability of the instrument has resulted in the development of new diagnostic applications related to various Au extraction technologies and the development of the ToF-SIMS as a predictive tool for assessing the chemical reactivity of the ore.In this paper we will present a brief review of the ToF-SIMS technique with recent advances in instrumentation and methodologies including:•,?recent developments and advances towards a semi-quantitative approach to the evaluation of mineral surface modifiers (ex. Cu),•,?flotation case studies investigating activator, depressant and collector loading variability within a flotation process,•,?the recently developed chemical reactivity test which we believe has the potential to predict the behaviour of minerals in a flotation test in response to chemical transfer during grinding,•,recent applications for determination of surface Au preg-robbed in carbonaceous materials.A portion of this material has been recently presented at the COM 2009 meeting and at SIMS XVII (see Dimov et al 2009 and Hart et al, 2009).INTRODUCTIONIn flotation seperation surface chemistry is the principal determinant for selective separation of the various mineral phases (Ralston, 1994, Smart et al, 2003). Determination of this hydrophobic/hydrophilic balance by particle therefore requires correct identification and selection of the particular mineral phase(s) followed by a statistical analysis of the surface chemical characteristics of the particles with an estimation of the spread of values (Smart et al, 2003)."

Jan 1, 2010

By Paul Bedard, Réal Daigneault, Guy Perrault

"La mine Lamaque est située a Val d'Or, Québec; les roches hônes appartiennent au groupe de Malartic, partie supérieure, et sont des andésites et des pyroclastites. On y retrouve deux formes d'intrusifs; des petites cheminées (ca. 150 m D) et des dykes (ca. 10 m d'epaisseur). Les petit es cheminées contiennent:1 - des diorites et des tonalites (cheminées principale, est et ouest) d'affinité calco-alcaline: Zr 140 ppm, Sr 761 ppm, P2O5 0.31% et (La/Sm)n 3.0;2 - des diorites (cheminée 4) d'affinités tholéiitique: Zr 32 ppm, Sr 181 ppm, P2O5 0.27% et (La/SM)n 1.5.La diorite de la cheminée no 5 contient deux fractions, une de chacune de ces deux affinités. Les dykes tant de porphyre feldspathique quartzifére que ceux de prophyre feldspathique sont d'affinité calco-alcaline: Zr 83 ppm, Sr 500 ppm et P2O5j 0.10%.Le gisement de 10 mine 2 est filonien: veines subhorizontales (""flats "") surtout et veines sub-verticales dans des zones de cisaillement. Le dernier réajustement structural de direction de compression nord-sud a broyé le quartz des veines existant es et rendu possible leur minéralisation. Les veines minéralisées contiennent du quartz, de la tourmaline, de la calcite avec des traces de scheelite, de pyrite et d'or; elles sont bordées par de minces (2 à 20 cm) bordures d'altération où l'on retrouve un enrichissement en carbonate, paragonite, apatite, rutile, saphène et zircon et où les phases ferromagnésiennes sont disparues. On a documenté le migrations géochimiques suivantes:I - de la bordure d'altération vers l'éponte, K2O, Rb et MgO;2 - de l'éponte vers la bordure d'altération, Na2O;3 - de l'éponte vers la veine, SiO2.P2O5, TiO2, Zr, Y, Nb et CaO sont enrichis dans la bordure d'altération."

Jan 1, 1983

By Phillip Cancilla, Daniel Roy, Frank Rosenblum

"The manual moisture determination methods employed today by mineral processing plants falls short in providing timely information required for automation control. The costs associated with transporting and handling concentrates still represent a major portion of the overall treatment price. When considering the cash flow of a mining operation, that is governed by both the smelter contract, with moisture penalties and the quantity and quality of the concentrates shipped, an efficient method of on-line moisture content would be a welcome tool.A novel on-line determination system for ore concentrate moisture content would replace the normally tedious classic manual procedure. Since the introduction of microelectronic-based control systems, operators have strived to reduce the treatment costs to the minimum therefore a representative and timely determination of on-line moisture content becomes vital for control set points and timely feedback. Reliable sensors have long been on the “wish list” of mineral processors since the problem has always been that you can only control what you can measure. Today, the task of moisture determination is still done in the classical technique of loss in weight by uncontrolled procedures. These same methods were introduced in the earliest base metal concentrators. Generally, it is acceptable to have ore concentrate moisture content vary within a range of 7 to 9%. Many times, delays in manually achieving reliable feedback on the moisture content results in the moisture varying from 5 to 12% before corrective actions can be made.This paper first reviews the traditional and widely available methods for determining moisture content in granular materials by applying physical principals and properties to measure moisture content. All methods are in some form affected when employed on mineral ore concentrates. This paper describes a unique and promising on-line moisture sensor in two mineral processing applications, which not only automates the tedious tasks but also results in reliable moisture feedback that can be used in the optimization of the de-watering process equipment such as pressure or vacuum filters and fuel-fired driers. Finally, two measurement applications will be presented to indicate the usefulness and to summarize the measurement requirements for the proposed method of employing drag force and mechanical properties of the material itself to determine the moisture content."

Jan 1, 2001

By K. H. J. Clarke

SINCE the beginning of this century the non-ferrous mineral industry has contributed $17,809,-000,000 to the economic growth of Canada. To contemplate the vast amount of investment capital required and the resultant beneficial distribution of these billions of dollars for labour, transportation, supplies, taxes and dividends, challenges the imagination. It is the purpose of this paper, (a) to trace the development of the industry since its formative period to the present; (b) to discuss the current situation and problems; and ( c) to attempt to peer into the hazy future. Although there are 21 metals currently being produced in Canada which are classified as non-ferrous, or as alloying metals, copper, lead, zinc, nickel-the metals which will be discussed in this paper-constitute almost 60 per cent of their total value. ;The story

Jan 1, 1961

By Y. Q. Li, Z. C. Shen, C. H. Zhao

The dynamic properties of the KYF-320 flotation machine which is one of the biggest flotation machines in the world were tested and then verified by the computational fluid dynamics (CFD) simulation. Aeration rate testing results suggest that he effect of circulation holes on the fluid state in the flotation cell becomes gradually smaller when the impeller speed is greater than 107 r/min. The dispersion degree of air increases with the increasing impeller speed and decreases with the increasing aeration rate, and it increases slightly when the impeller speed is greater than 107 r/min. The air holdup increases and then decreases with the increasing impeller speeds and aeration rates, and a maximum value of air holdup is shown at impeller speed of 107 r/min with a value of 12.28%. CFD simulation results are in good agreement with these testing results. Industrial-scale test was carried out using this 320 m3 flotation machine for the flotation of Cu ores. The results show that Cu content increases from 0.06% of crude ore to 1.26% of concentrate, and the S content increases from 0.39% of crude ore to 24.83% of concentrate. Moreover, using this flotation machine 5.88% of power is saved compared to other type of large flotation machine.

Jan 1, 2015

By Bruno Bussière

Le drainage minier acide (DMA) provenant de la circulation des eaux à travers les rejets miniers sulfureux est sans doute le principal problème environnemental auquel est confrontée l?industrie minière. Afin de prévenir les problèmes environnementaux reliés au DMA, on doit restreindre la présence de l?une et/ou de l?autre des principales composantes menant à la production d?acide, soit l?eau, l?air et les sulfures. Pour ce faire, différentes techniques ont été proposées au cours des dernières années, dont la désulfuration environnementale et les couvertures avec effets de barrière capillaire (CEBC). Dans ce papier, on propose d?utiliser ces deux techniques en combinaison. Ainsi, on produirait un rejet désulfuré à l?usine de traitement qui pourrait, par la suite, être utilisé comme matériau pour la couche de rétention d?eau de la CEBC. Dans un premier temps, on présente les résultats d?une étude de laboratoire qui montre qu?il est possible de désulfurer les rejets de concentrateur à l?aide de la flottation non sélective jusqu?à l?obtention d?un résidu non générateur d?acide. Par la suite, des essais en colonne ont permis de démontrer qu?il est possible de limiter la production de DMA d?un résidu sulfureux à l?aide d?une CEBC dont la couche fine est constituée de résidus désulfurés. Des prédictions théoriques estiment même que la présence de sulfures résiduels dans la fraction désulfurée utilisée comme matériau pour la rétention d?eau peut avoir un effet bénéfique en réduisant la migration d?oxygène. En effet, les sulfures contenus dans la couche de rétention d?eau peuvent consommer l?oxygène qui tente de migrer vers le bas et, ainsi, réduire les flux d?oxygène qui atteignent les rejets réactifs.

Nov 1, 2002

By Rees J. Llewellyn

Improved product development, assessment methods and evaluation studies of materials for oil sands applications have traditionally focused on low and high stress abrasion and slurry erosion resistance mechanisms, because they were considered to be the predominant wear modes prevailing in oil sands mining, transportation and bitumen recovery. More recently with the very successful introduction of oil sands hydraulic transportation systems, there has been increasing use of crusher systems in which materials of construction are also required to have good toughness and gouging abrasion properties to withstand impact and the severe indentation and ploughing forces that are involved. To assess material property requirements for mitigating this additional wear mechanism, jaw crusher gouging abrasion tests using a modified ASTM G81 procedure, have been carried out on a range of wear materials of interest for oil sands mining service. The method involves a comparison of the wear losses that occur for reference and selected test plates when a controlled amount of standard feed rock is comminuted in a laboratory jaw crusher. Among the classes of material evaluated have been Q&T plate steels, austenitic manganese steel, chromium and chromium molybdenum white irons as plain castings and in laminated forms and also chromium carbide and tungsten carbide overlaid wear plates.

May 1, 2004

By J. R. Emery, D. F. Coates

"FOUR PAPERS ON CEMENTED BACKFILL were given at the Annual General Meeting of The Canadian Institute of Mining and Metallurgy in 1970:Weaver, W. S., and Luka, R., ""Laboratory Studies of Cement-Stabilized Mine Tailings"".Pasieka, A. R., Beattie, H. F., and Espley, G. H., ""Cemented Hydraulic Backill within the Falconbridge Group of Companies"".McLeod, P. C., and Schwartz, A., ""Consolidated Fill at Noranda Mines Limited (Geco Division)"".Clement, W. P., and Sokoloski, R., ""Pumping Cemented Backfill"".These four papers give the impression of a development in mining technology that has been substantially completed. Somewhat over ten years ago, The Inter-national Nickel Company of Canada, Limited and Falconbridge Nickel Mines Limited started experimenting with the addition of Portland cement to mill tailings to produce improved backfill and cheaper floors for scraping. Shortly after, the Canada Cement Company Limited (now Canada Cement Lafarge Ltd.), with full support of the two mining companies, started an extensive research program to provide the technologic-al data necessary to exploit what was obviously going to be a significant development in mining technology."

Jan 1, 1970

By Ronald B. DeDiemar

This paper will present the intrinsic factors of a cone crusher that affect performance, develop and define an ideal feed gradation for a cone crusher and, finally, bring out an important new development in computer design of crushing chambers and show an ability to predict crusher performance without trial-and-error methods.

Jan 1, 1979

By A. J. Williams

"Conventional base metal milling practice normally consists of crushing, grinding and cyclone classification followed by flotation. It is the authors' belief that the commencement of flotation after cyclone classification leads to inferior metallurgical results and that implementation of flotation of grinding mill discharges can result in increased recovery due to reduced overgrinding, reduced activation of contaminating minerals and improved dewatering circuit results due to the production of coarser concentrates.The concept of recovering minerals from the discharge of grinding mills is not new! Gold concentrators have utilized jigs and flotation cells while iron ore plants have employed magnetic separators to recover gold and magnetite respectively from the discharge of grinding mills. More recently, a Reichert cone has been used to recover sulphide and oxide base metal minerals from screened rod mill discharge. 1To the authors' knowledge, the first application of flotation of base metal minerals from the discharge of a production plant grinding mill was at the Lake Dufault concentrator of Corpor'1tion Falcon bridge Copper. Located 10 miles north of Noranda, Quebec the Lake Dufault concentrator commenced operations in August, 1964.The installation of flot11tion cells in the Lake Dufault grinding circuit proved so successful that an identical system was installed in the Manibridge concentrator of Falconbridge Nickel Mines Limited. Located 90 miles southwest of Thompson, Manitoba the Mamibridge concentrator commenced operations in June, 1971 and due to exhaustion of economic ore reserves discontinued production in May 1977."

Jan 1, 1984

By R. D. Lawrence

"Comparable transaction analysis is the best known of the market approaches to valuation of exploration-stage mineral properties. The analysis of option and farm-in agreements can also provide useful guidance to valuators. While such approaches can be distorted by incomplete analysis, market-based methods are capable of providing consistent, credible results when carried out carefully with due consideration paid to all factors which buyers and sellers consider when dealing in the real market. IntroductionMineral properties without defined resources present one of the most challenging tasks to the mineral valuator. This paper will concentrate on market-based approaches to valuation of such properties. Other authors at MM2000 presented papers on cost and income approaches. Sorentino (2000) also provides a useful overview with some provacative commentary on methods.Market based-approaches are based on the principle of substitution and include such techniques as: comparable transaction analysis (sometimes referred to as sales comparison analysis); farm-in commitment (or option agreement) analysis; rules-of-thumb; and comparable market value analysis.Are there any valuation standards available to assist the valuator? In Canada there are none that apply to the valuation of mineral assets or securities. This problem is being addressed, at least in part, by the CIMVal Committee of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)1. Further, the recently established Canadian Association of Mineral Valuators will be giving consideration to the adoption of valuation standards."

Jan 1, 2002

By Minghui Li

China is the largest coal producer in the world. In 2012, the coal production in China is 3.65billion tonnes, accounting for approximately 49% of global coal production. The raw coal production in 2012 was 3.8% more than the year 2011. 56% of total raw coal has been washed. The increase in raw coal production also promotes technology to be developed and brings separation capacity become larger and larger in coal processing in China. At present, over 40 extra-large scale coal preparation plants (each plant has capacity of more than 10 Mtpa) are in operation in China, the largest one is 32.5 Mtpa. Heavy medium separation are widely used in new built coal preparation, the washing limit for thermal coal feed lower and lower, the equipment selection tends larger which brings the whole washing system simplified, the local equipment developed and manufactured are more and more used. By discussing designs of several typical thermal coal preparation plants and coking coal preparation plants in China, this thesis introduces the current design of China?s extra-large coal preparation plants, and sums up the prevailing design features and trends of extra-large coal preparation plants.

Aug 1, 2013