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By L. D. Smith

"This paper examines the impact of the various assumptions that go into an economic evaluation, and shows how these can be combined to show an exciting result that may not really exist. An example of an embellished case (the kind that one frequently sees when projects are being promoted) is developed and the cumulative impact is analyzed to show the actual project underneath. The paper also points out some areas to watch for overly optimistic assumptions such as prices, inflation, and debt. The concept of a “bare bones” base case is proposed (constant metal prices, constant dollars, no inflation, no debt, no interest, on a project basis, after tax) as a common reference point.As well, the discount rate is examined as one of the fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk."

Jan 1, 2002

By E. D. Fox

Introduction The financial statement of the hypothetical Gold Mining Company, which forms the background of this survey, was designed for the Institute with the express abject of having it assessed in respect to Profits by the several taxing bodies representing the Federal and Provincial Governments, which comprise the Dominion of Canada. On the completion of the figures, copies were sent to the several Ministers of Mines, accompanied by a request that they be submitted to their taxing authorities and assessed accordingly. The response, while it was not general, was very favourable, and at all times we were treated with the utmost courtesy and patience, and what has been set forth in the compilation bears the authentication of the various government officials who are immediately concerned with taxation. The data itself constitutes a fairly comprehensive digest of taxation as it directly applies to gold mining profits in Canada. The Hypothetical Balance-Sheet (See Exhibit A) In the balance-sheet schedules 1 and 2 (Exhibit A), income is divided between taxable and non-taxable classifications, and here it should be noted that the division contemplates only the assessment for Dominion income tax. The same applies to the factors of exchange and depletion. Therefore, in making comparisons, it is to be borne in mind that the set-up for assessment to the Provinces, that is, Manitoba and Alberta, will stand as if the gross non-operating income is taxable, with the reservations as shown in the notes below the schedules.

Jan 1, 1934

By Adam Moore, Ryan Gillespie, Jarrett Quinn, Audrey Walters, Peter Radziszewski

"Vale Long Harbour Processing Plant (LHPP) was designed to process Voisey’s Bay nickel concentrate into finished nickel and associated copper and cobalt products. The plant includes a secondary grinding circuit comprising two Stirred Media Detritors (SMDs) operating in parallel. The ultrafine grinding circuit was designed to process concentrate at a rate of 33 t/h and produce a ground product (P80) of 20 µm to feed the leach circuits. Start-up of the grinding circuit at LHPP was undertaken in December 2014.The objective of this paper will be to describe the design, commissioning, start-up and performance of the secondary grinding circuit with a focus on the two Metso SMD-355-C mills. Following a brief overview of Vale’s LHPP and the SMD technology, the paper will review the design of the SMD secondary grinding circuit from lab tests through to scale-up performance prediction. This will be followed by the results of circuit commissioning outlining some of the issues raised and addressed after which SMD performance will be outlined. Specifically, the SMD circuit grinding performance will be examined since start-up which will include the effect of media size and wear on grinding. Furthermore, impeller wear will be examined by determining initial “shear volume” and worn “shear volume” as well as its effect on mill power and the means to maintain it. The paper closes with a discussion on grinding performance."

Jan 1, 2016

By Henry Stoch

It?s a green, green world ? Public concern about the impact of human activities on the environment and the roles that businesses play in that impact is rising. What?s happened in the last few months? ? Recent news: ? British Columbia announces carbon tax in 2008 budget ? Federal Court ruling stalls oil sands approvals due to a lack of consideration of GHG implications ? US Energy Independence and Security Act could limit government procurement of oil sands-derived fuels ? Western Climate Initiative (WCI) suggests a ?first seller? approach for regulating generators outside WCI jurisdictions ? Implications ? A cost for carbon has arrived ? The lack of a GHG strategy can have a material impact on your business ? Regulations in other jurisdictions could affect your organization

May 1, 2008

By Oliver Hall

This paper sketches the mining at Noranda as it would be sketched to a visiting engineer. It does not follow quite the usual form, but is presented somewhat along the lines of a conversation. TO give the mining at Noranda its proper perspective, it is necessary to sketch the whole picture and outline: 1. History 2. Metallurgical Problems 3. Exploration 4. Mining Methods 5. Mining Details 6. Filling 7. Pillar Extraction 8. Costs HISTORY Noranda is a relatively young enterprise, with much of the personal character of its founders woven into it. The name Noranda is an abbreviation of Northern Canada and the name has been a happy one for an enterprise based on northern resources, tenacity and courage. The discovery credit goes to Ed. H. Horne. This intrepid prospector returned again and again to his sulphide discoveries on the shores of Osisko lake and, in 1922, after ten years of prospecting, succeeded in interesting S. C. Thomson and H. W. Chadbourne in his discoveries. The early exploration by L. K. Fletcher, from 1922 to 1925, for Thomson and Chadbourne, indicated promising, but somewhat perplexing, ore conditions. Mr. E. Hibbert and Mr. H. L. Roscoe rook on the task of preparing the mine for production and building a smelter in 1926, and this difficult task in this isolated area made steady progress and the smelter was blown-in in December, 1927.

Jan 1, 1937

By P. H. Davenport

"The ore-element patterns in regional lake sediment geochemical survey data from four areas of Newfoundland containing granite-related mineralization reveal characteristics which can be used to identify mineralized granitoids. The St. Lawrence Granite with its fluorite deposits, the Ackley Granite with molybdenite mineralization, the Grey River tungsten lodes and the newly discovered Mo- W mineralization at Granite Lake, Central Newfoundland, have all been included in the regional lake sediment geochemical surveys, which now cover about 90,000 km2 of the Island of Newfoundland. The lake sediments over these mineralized granites show diagnostically high values of Mo, F, Pb, Zn and, in three of the four cases, U, together with locally high Ag and Cu values. Furthermore, these ore-metals display a distinctive zoning pattern about the intrusives, which can be related to the classical ore-metal zoning patterns developed about many types of mineralized granitoids.IntroductionGranitoids in Eastern Canada are receiving renewed interest as potential hosts of tin, tungsten, uranium and related mineralization. Although a number of mineral deposits and showings have been known from a few granites (sensu lato) in the region for many years, granites had generally received little attention as potential hosts of metallic mineralization until the recent resurgence in interest in the mineral potential of these rocks. In Newfoundland, where granitoid rocks underlie about 30070 of the land area, petrologic data are available from some granites, particularly those in eastern Newfoundland (Strong et al., 1974; Strong, 1980), but in southern and southwestern Newfoundland the data base is sparse, and indeed in many cases individual plutons are not delineated on the geological maps of the area . Most of the available data on Newfoundland graniotolds have been summarized by Strong (1980), who gives a general assessment of their mineral potential by comparing their physical, mineralogical and petrochemical attributes with mineralized granites elsewhere in the world."

Jan 1, 1982

By The Staff

FOR forty years cyanide men have been intensively engaged on the treatment of sulpho-telluride ores. So far as we know, the processes used today were-with the important exception of the concentration plus high-lime process at the Victor mill (1915)-in use, or had been tried, in the earl y years of the century. Roasting, bromocyanide, ordinary cyanide, table and vanner concentration, floating and treating the concentrate, roasting con-centrates prior to treatment, etc., all were used at Kalgoorlie in 1904 or earlier. Flotation, followed by shipment of the concentrate to the Golden Cycle mill, was the practice at the Vindicator mine, Cripple Creek, for some years prior to 1917. Similar practice was employed in the Portland Independence mill at Victor, Colorado, and was lacer superseded by the table concentration, high-lime cyanide treatment of rails of the older Portland Victor mill. During all this time, an immense amount of research was being clone on these ores by the staffs of numberless companies. Conclusions were drawn and mills built. But if the results of one per cent of this research were ever published in sufficient detail for intelligent use by others, the Lake Shore staff has been unable to discover them, or does not recall having clone so. Government laboratories-as for instance chose of the Mines Branch, Ottawa, in or about 1927-have touched upon certain methods in their publications, but they simply have not had the time to finish the job. The paper by W. E. Johnston, Tellurides-Problem or Alibi? (E. & M.]., Aug., 1933), aroused wide interest and comment. It published conclusions, some right and some wrong, and gave the evidence adduced by the author i:n support thereof. Conclusions published without supporting evidence are to most of us worse than no conclusions at all. We suggest chat, if even one-tenth of the operators had published full, detailed results of their laboratory work, ad vance in the treatment of sulpho-telluride ores would have been very much accelerated. Therefore, we venture to inflict upon the Institute a compendium of the results of laboratory work performed during the past few years at the Lake Shore mill. It is really a summary of the more interesting results to date, prepared by the mill staff for their own use and benefit. But we hope chat the discussion under any heading is so detailed chat it will be intelligible to anyone interested in that phase of the subject.

Jan 1, 1936

By Bird. M.

As the Cadia mill was the first 40ft diameter SAG mill, commissioned in 1998, its performance, liner and discharge design attracted considerable international attention. Twelve years on, the liner design and the control philosophy are being readdressed to further improve the mill?s performance. A comprehensive series of 3D liner scans, over life of the liner, have been used to calibrate liner mass loss and progressive changes in the liner profile. This data is being used to provide true charge mass and mill filling, plus progressive trajectory profiles over life of liner. This information, along with measures of mill performance over liner life, is being used to select the optimal operating conditions as the liner wears, and hopes to inform future liner design.

Jan 1, 2012

By Loris S. Russell

THE plains of southern Alberta constitute one of the classic areas of geological investigation in Canada, for it was here in 1874, and in 1881 to 1883, that George Mercer Dawson (1, 2, 3) made the pioneer observations that are basic to all subsequent work on the interior plains of Canada. Dawson's work was extended eastward by R. G. McConnell ( 4) and northward by J. B. Tyrrell( 5) , but it remained. for D. B. Dowling to re-examine Dawson's Bow and Belly River Area and to make certain necessary revisions in the stratigraphical system of his predecessor. In 1917, Dowling published his memoir, The Southern Plains of Alberta( 6) , which remained for over ten years the last word on the stratigraphy and structure of the area described. It is generally conceded that Dowling's work made known the existence of a great artesian basin beneath the semi-arid plains of southeastern Alberta. In addition, his structural studies greatly stimulated the search for natural gas and petroleum. The most recent general publications on this area by the Geological Survey are based on the field work of M. Y. Williams, E. J. Whittaker, W. S. Dyer, and P. S. Warren, between the years 1923 and 1926. Their results were embodied in the Calgary Sheet (7) and the memoir, Geology of Southern Alberta and Southwestern Saskatchewan (8). By this time, the number of geologists working in Alberta in the development of the petroleum and natural gas industries had become large, and in 1931 the Alberta Association of Petroleum Geologist~ offered the Donaldson Bogart Dowling Memorial Symposium on Stratigraphy of Southern Alberta( 9) , a most valuable series of papers descriptive both of the ,surface stratigraphy and that observed in the well records.

Jan 1, 1937

Mine Evaluation Engineering , Operational and Social evaluation. Focus is on what opportunities are available. Social ??History ??Past Management Practices ??Community / Available labor force Mining Method / Equipment ??Competent rock ?little support required, no backfill ??Shallow mining ?ramp mining, no shafts or hoisting ??Large scale mining potential ??Simple rock breaking and crushing on surfaceMill Process ??Straightforward gold liberation process Create a Plan / Create a Team Following the feasibility 44-101. Key people were hired and a full operational Business Plan was developed. Focus is on how to get the job done. ??Scoping Study / Pre-Feasibility / Feasibility ??Operational Business Plan ??Hire key people ??Purchase key equipment

May 1, 2006

By Lawrence Devon Smith

"What is Due Diligence?Within the mining industry the term “due diligence” is used to describe a detailed data review, generally in connection with the purchase or sale of a mineral property, the approval of a large capital expenditure, or the borrowing of a large sum of money.The term originates in the requirement of the board of directors of a corporation to “act honestly and in good faith ... and exercise the care, diligence, and skill that a reasonably prudent person would exercise in comparable circumstances” (OBCA, 1994). Furthermore, the law assumes that a corporation (or its board) will have exercised due diligence in the acquisition of an asset and, therefore, knowingly (in the absence of fraud or deceit) will have taken on the liabilities and obligations associated with the asset (Nelson, 1994). This is the familiar “Buyer Beware”.Directors are liable for their decisions except “if the director relies in good faith upon financial statements of the corporation represented … by an officer of the corporation or in a written report of the auditor, or a report of a lawyer, accountant, engineer, appraiser, or other person whose profession lends credibility to a statement made by any such person.” (OBCA, 1994).Hence the importance of reports prepared by professionals. They provide confirmation that the directors have exercised due diligence in the performance of their duties. For this reason these reports are referred to as due diligence studies"

Jan 1, 1997

By Lawrence Devon Smith

"Within the mining industry the term “due diligence” is used to describe a detailed data review, generally in connection with the purchase or sale of a mineral property, the approval of a large capital expenditure, or the borrowing of a large sum of money.The term originates in the requirement of the board of directors of a corporation to “act honestly and in good faith and exercise the care, diligence, and skill that a reasonably prudent person would exercise in comparable circumstances” (OBCA, 1994). Furthermore, the law assumes that a corporation (or its board) will have exercised due diligence in the acquisition of an asset and, therefore, knowingly (in the absence of fraud or deceit) will have taken on the liabilities and obligations associated with the asset (Nelson, 1994). This is the familiar “Buyer Beware”.Directors are liable for their decisions except “if the director relies in good faith up on financial statements of the corporation represented by an officer of the corporation or in a written report of the auditor, or a report of a lawyer, accountant, engineer, appraiser, or other person whose profession lends credibility to a statement made by any such person.”(OBCA, 1994).Hence the importance of reports prepared by professionals. They provide confirmation that the directors have exercised due diligence in the performance of their duties. For this reason these reports are referred to as due diligence studies."

Jan 1, 1996

By R. B. Barlow, J. A. C. Fortescue

Originally developed for use in mineral exploration, regional geochemical mapping based on stream (and lake) sediment sampling is showing broader application in other areas of the earth sciences and in environmental science. The purpose of this paper is to focus attention on the role of regional geochemical mapping in relation to geological and environmental studies. This is achieved using a descriptive equation for the chemical composition of a stream-sediment sample and then relating it to the use of successive approximations in geochemical and environmental investigations. The procedure is further qualified with reference to time and process in the formation of regional geochemical patterns. Examples are included of studies based on stream sediments related to bedrock geology, surficial geology, ecology and man's effect on the geochemistry of the environment. The range of applications of regional geochemical mapping in earth and environmental studies is outlined and some conclusions drawn regarding the future development of geochemical mapping under Canadian conditions.

Jan 1, 1980

By J. R. Tickner

"Gold is conventionally analyzed using fire-assay or other destructive chemical methods that impose significant sample preparation, OH&S, and skilled labour requirements. Developed over the past 15 years by the CSIRO, PhotonAssay provides a new approach. A high intensity, high-energy x-ray source is used to activate atoms of gold and other elements in bulk mineral samples. The resulting activity is counted to automatically, accurately and rapidly determine metal grade. Samples weighing 0.5–1.0 kg can be measured in a few minutes with minimal preparation. As the method is matrix-agnostic, traditionally hard-to-assay materials such as highly refractory ores, carbon pulps and copper concentrates require no special treatment. We present the status of commercial PhotonAssay systems being developed by Chrysos Corporation. The first unit with a throughput of up to 80 samples per hour is to be deployed in an Australian assay laboratory in late 2017; smaller systems suitable for providing real-time assay directly at the mine-site will be progressively rolled out from mid-2018. Performance results from extensive testing using both mine-sourced and standard reference materials are presented, demonstrating the sensitivity and accuracy of the method. Implications for replacing conventional gold assay in exploration, mining and processing operations are discussed.INTRODUCTION Accurate methods for assaying ore grade are essential throughout the exploration, mining and mineral processing value chain. The discovery and evaluation of new ore deposits, reserve and resource definition, mine operations planning, ore processing, metal accounting and product quality evaluation all rely on accurate measurement of the valuable metal content of bulk materials. The analysis of gold presents particular challenges, stemming from the very low concentrations at which commercial operations run (often part-per-million (ppm), or equivalently one gram-per-tonne levels or below), and the highly heterogeneous nature of many gold deposits. These challenges mean that any analytical method must have high sensitivity and be capable of measuring large-mass samples. The most widely used quantitative analytical method for gold is fire-assay (Hoffman, Clark and Yeager 1998). An initial ore sample typically weighing several kilograms is dried, crushed and pulverized to allow a small sub-sample (10–50 g is common) to be representatively drawn. The sub-sample is mixed with flux, litharge (lead oxide), a reducing compound and other reagents. The mixture is fired at a temperature of 1000–1200°C until molten. After cooling, the slag is removed and the lead button containing any gold present in the sample is remelted in a porous cupel. The lead is absorbed into the cupel, leaving a gold prill which is either weighed directly, or dissolved in acid and analysed via atomic absorption spectroscopy (AAS) or inductively coupled plasma spectroscopy (ICP or ICP/MS)."

Jan 1, 2017

By W. C. Whittaker

Introduction When one thinks of a coal stripping deposit, the picture that usually comes to mind is that of a more or less flat seam from two to twenty feet in thickness overlain by ten to fifty feet of overburden, in suitable ratio for economic operation. This is the usual type of stripping deposit and is quite a common occurrence in various parts of the prairie provinces. Rather unusual types of coal stripping deposits are being presently worked as open-cut mines by Sterling Collieries, Limited, and the Co al Valley Mining Company, Limited, at Miles 47 and 48 on the Alberta Coal Branch, some 150 miles south west of Edmonton. These deposits are of interest chiefly because they represent turned-up and greatly thickened sections of the Mynheer seam, and as such they present their own problems, peculiar to the commercial exploitation of a seam of this type. The area in which these deposits occur was originally owned by the Pacific Pass Collieries, whose operations, however, were confined to under-ground mining at Lovett, some eight miles to the southeast. It was not until l918 that the value of these deposits was realized, when the Company now known as Sterling Collieries, Limited, opened their pit at Mile 47. At the inception of the work, coal was loaded directly into the railway cars by men using wheelbarrows. In 1920, a tipple was built, after which the coal was loaded by steam shovel into mine cars, hauled by steam dinkeys, and loaded over the tipple into railway cars. In 1922, the Coal Valley Mining Company entered the field at Mile 48, with an entirely mechanical equipment, and at the present rime these two are the only stripping properties in Alberta using mechanical equipment both for the removal of overburden and the loading of the coal. These Companies have operated continuously since that time, and have to date mined and shipped 4,000,000 tons of coal, and moved some 5,255,000 cubic yards of stripping. The present annual coal output for the two mines is about 240,000 tons.

Jan 1, 1935

By R W. Hutchinson

Cupreous pyrite deposits in Cyprus have many geologic similarities to Canadian massive sulphide copper-zinc ores as well as certain significant differences. A comparison of the Cyprus and Canadian deposits indicates a complex genetic history for the latter and suggests that their origin should be re-examined. The Cyprus ores occur in subaqueous extrusive rocks near and at the top of a Cretaceous volcanic pile or igneous complex. The rocks have not been deformed, nor have they been deeply buried or deeply eroded. Apparently the ores formed near or at surface in the top of the volcanic pile by a volcanic-exhalative process and from an ore-fluid of volcanic derivation. The Canadian deposits are of comparable composition and have similar geologic set-tings, but occur in the most ancient Precambrian rocks. Their enclosing Keewatin greenstones have, in most places, been deformed, regionally metamorphosed and invaded by granitic intrusions. Comparison suggests that the Canadian ores also formed initially near surface in ancient Keewatin volcanic complexes by a syngenetic, volcanic-exhalative process. Subsequently, during orogenesis, they were deformed, remobilized under conditions of elevated pressure-temperature and re-emplaced as epigenetic bodies into

Jan 1, 1965

By I. S. Parrish

The Sullivan Mining Group has been exploring the mineral deposits of the Mount Pleasant area of southern New Brunswick since 1967. Sullivan geologists have logged over sixty miles of drill core, mapped over five miles of underground workings and studied numerous surface exposures. Several mineralized zones have been defined and two higher-grade porphyrytungsten bodies delineated. Within these bodies, wolframite occurs as disseminated specks and grains up to one-half inch in diameter. The host rock is a brecciated rhyolite porphyry that has intruded quartz-feldspar porphyry of Mississippian age . The host rock is itself intruded by an acid porphyry called transition rock and is underlain by a microgranite. The mineralized zones, host rock, transition rock and microgranite are all thought to be derived from the same magma, and to represent progressive fractions from that magma.

Jan 1, 1978

By F. R. Jones, B. W. Taylor, A. R. MacPherson, L. J. Lamb

"The Lake St. Joseph Iron Deposit is in Northwestern Ontario. Exploration to date by Steep Rock Iron Mines Limited has indicated an ore reserve of 683 million long tons. Metallurgical investigations have proved that suitable oxide pellets and/or superconcentrates can be economically produced from this ore. Studies of the Lake St. Joseph iron ore deposits have covered the period 1956-71, and have embodied applications of the improvement in mining and processing technology over this period. Market demand in the early 1960's for high-grade oxide pellets as a replacement for natural iron ores for the blast furnace first drew attention to the potential of the Lake St. Joseph deposit. The current market trend toward utilization of sponge iron to replace steel scrap as feed to electric furnaces and cupolas now suggests that the deposit can better be exploited as a prime source of superconcentrates."

Jan 1, 1972

By C. George Miller

"As the influence of governments has become more widely felt, the use of research techniques to analyze policy has increased. Mineral economics, as one of the foundations of mineral policy research, has grown accordingly. Policy research and analysis has been carried out within governments, university departments and the private sector. Each of these institutional environments has characteristics which influence the topics of study, the approach, the methodology and the output of the research. A brief survey of recent research activities provides illustrations of trends and developments occurring within this organizational framework.A radically different organization, the independent research institute, has begun to make an impact on policy research in recent years, and will have an increasing importance in the future. Combining certain features of the traditional research organizations, it nevertheless has important differences which are essential to its effective functioning. An overview of the formation, goals, organization and operation of one such institute is presented."

Jan 1, 1976

By M. J. S. Innes

Abstract This paper is an account of an investigation made by the Dominion Observatory with a gravity meter and magnetometer over sulphide concentrations at East Sullivan, Val d'Or, Que., in June, 1947. The topographic relief over the area does not exceed 20 feet. The overburden varies from 0 co 50 feet. The west orebody had been outlined by extensive drilling. The average density contrast between the sulphide body and surrounding rocks is 0.5. Two hundred and sixty gravity and one hundred and ninety magnetic stations were observed. The results are shown on contour sketches. A derailed account is given of the methods employed to reduce the gravity observations. The survey shows that both gravimetric and magnetic methods are useful in delineating sulphide deposits under the conditions in which they occur at East Sullivan. The results indicate that the buried contact of the syenite intrusive southeast of the orebody could be traced with the gravimeter and chat the magnetometer was of little value for that purpose. Gravity anomalies due to the varying depths of overburden are negligible as compared to the magnitude of the total anomalies. Introduction The project was first suggested at a meeting of the Associate Committee on Geophysics of the National Research Council in September, 1946. At that time it was pointed out that the accuracy and speed of operation of the new gravity meters made them of special importance for geophysical prospecting and it was highly desirable to have an objective test of the performance of an instrument of this kind in delineating an orebody of known dimensions and density characteristics. Several years ago, a private company did some work with a gravimeter over the Amulet deposits, near Noranda. Unfortunately, the topography there is rather rugged, with hills and ravines exceeding 100 feet, so that the topographical effects rendered it impracticable to distinguish between anomalies due to the sulphides and those due to surface irregularities. An orebody of a typical nature, where the disturbing topographical corrections were not excessive, was therefore sought.

Jan 1, 1949