Search Documents

By Michel Carreau

Presentation topic Introduction to Renewable Power in Remote Mining Industry Trend What are the Challenges and How to address them Acceptability (Management Buy-in) ? RP not core business to mining company Significant upfront costs Project Risks - Technological and Delivery Wind and solar power variability Operating hybrid power (Operator Buy-in) Conclusion Introduction ? RP at Remote Mining Sites Mining Project Cost Energy represents 25% of mining project CAPEX Energy represents 25% of OPEX Diesel, HFO, ? cost : 30+ cents/kWh RP - Proven technology - Excellent track record ?Wind (20 years), Solar PV (10+ years)? Hundreds of GW installed ?Reliable, High availability, very small OPEX. ?Wind/Solar cost : 15 to 22 cents/kWh (with good resource) ?Potential 10% to 20% Reduction in net cost of energy ?Price certainty for 20 to 25 years

May 1, 2013

By L. Chunpongtong

Compared to equipment used in hard rock mines, the lifespan of equipment deployed in oil sands operations tends to be shortened due to the abrasive nature of the material and soft ground conditions in which it operates. One of the challenges of oil sands mine planning is to determine the most cost-effective replacement time for aging equipment. For cost engineers dealing with aging equipment, the options become an economic trade-off between taking the chance of higher frame failure or buying new equipment. Therefore, the ultimate question is: “When is the best time to replace the equipment?”

Jan 1, 2012

By B. Tougas

Recycling of titanium represents an important economic activity due to high cost of the material and the amount of returns of machined parts which represent the bulk of finished titanium products (typical "buy to fly" of 10 in the aeronautic industry). In the present work, the metallurgical quality of 76 mm in diameter and 20 cm ingots poured in coated graphite mold will be assessed against the nature and condition of application of 4 coatings namely aluminum oxide, yttrium oxide, zirconium oxide and zirconium oxide with 4% aluminum oxide. The metallurgical quality has been evaluated in terms of alpha case thickness, microstructure and composition. Microhardness from surface will be assessed against casting conditions. Least square regression analysis have been use to optimize casting conditions.

Jan 1, 2011

By D. O. Downing

"The 1990s saw enormous changes in the Canadian coal industry and the future promises to be no less turbulent. While the markets served by Canadian coal producers have changed and buying practices continue to evolve, the coal mining, or supply side, has also changed remarkably in response and now provides the basis for an interesting industry story.The dynamic situation in coal mining has led to some surprising outcomes and seemingly contradictory developments. This paper outlines the changes that have occurred, and which are still unfolding in Canadian coal mining, firstly, in terms of mining technology and productivity, secondly, in terms of corporate divestments, acquisitions and bankruptcies, and finally, in terms of resource development. The paper also outlines some plausible futures for the industry looking ahead."

Jan 1, 2002

By J. B. Morrow

Methods of Coal Preparation Fundamentally, the object of coal preparation is to increase, economically, the value of a fuel by making it more suitable to the uses of the consumer. This can be accomplished in three major ways: 1.Screening or sizing 2.-Mixrng or blending 3.-Cleaning By combinations of any or all of these methods we can prepare coal to meet standard specifications-a process of standardization which is the more desirable the more nearly it approaches the unvarying quality of packaged goods, where the package you buy today and tomorrow is the same as that you bought yesterday. It should be noted that it is readily possible to get good cleaning and still have poor preparation because of faulty screening and mixing, and, on the other hand, it is possible to get a passable grade of cleaning, combined with good screening and mixing facilities.

Jan 1, 1931

By K. E. Harley, M. J. Whiting, T. J. Sabin, E. M. Ryan, J. F. Watts

"Wire and Arc Additive Manufacturing (WAAM) has the potential to enable a very significant reduction in buy-to-fly ratio compared to conventional manufacturing through the ability to build near-net shape components. Components manufactured from AA 2319 by WAAM can exhibit significant levels of porosity. There is also a variation in the physical appearance of the surface deposit sometimes found on such components. This deposit is similar to those observed on aluminium joined by MIG and TIG welding processes. It has been suggested that both the bulk porosity and the surface deposit are caused by hydrocarbon-based lubricant on the feedstock wire. An established correlation between surface deposit and porosity would offer valuable insight into WAAM products and enable early interventions in quality control or process monitoring based on visual examination. The relationship between the nature of the surface deposit and porosity has been studied for AA 2319 WAAM components manufactured using different wire batches. Evidence is presented to support the assertion that (i) there does not appear to be a relationship between surface deposit coverage and porosity, (ii) batch-to-batch variability in feedstock wire affects porosity. This study has led to a better understanding of the cause of porosity in WAAM components.INTRODUCTION There is a high cost associated with conventional, subtractive manufacturing because of the high ‘buy-to-fly’ ratio, a measure of the initial material bought compared to the material found in the finished part (Allen, 2006; Yilmaz & Ulga, 2016). A typical aerospace product may have up to 90% of the purchased billet of forging machined away which is cost inefficient and high in material waste. Wire and Arc Additive Manufacturing (WAAM) has the potential to reduce costs and lead time. Robotically controlled weld torches rapidly deposit feedstock wire in layers to build large near-net shapes with mechanical properties similar to those of conventional manufactured parts (Sequeira Almedia & Williams, 2010; Martina et al., 2012; Ding et al., 2015; Williams et al., 2015). A high level of porosity variation has been observed in aluminium WAAM parts (Cong, Ding & Williams, 2014; Gu et al, 2016) which can result in a range of material properties (Rudy & Rupert, 1970). This leads to difficulties in regards to standardisation and qualification of process and parts. In order for WAAM to be used commercially, porosity will need to be understood, monitored and reduced to a reproducible acceptable level or eliminated."

Jan 1, 2018

By Tracey Bodnarchuk, Philipp Mirzoev

Sulfate balance control is a common problem for zinc plants. Roast-leach-electrowin plants are mostly concerned with the over-generation of sulfates while for the HudBay direct leach plant both extremes are possible including potential necessity to buy sulfuric acid to replenish a sulfate-depleted circuit, which makes the problem doubly important. Quantitative methods were applied at the HudBay plant to analyze sulfate generation/depletion based on a local sulfur balance and sulfate extraction calculation in the leach circuit, using a Pb-tie method. Main factors were established influencing sulfate generation/depletion, including the critical role of Pb and pyrite. Regression analysis proved to be effective and allowed the quantitative prediction of Pb concentrations necessary to reach the equilibrium for the sulfate balance. This in turn provided a firm basis for a sulfate-control strategy realized through concentrate blend correction, which allowed the plant to fine-tune sulfate generation/depletion effectively reducing economic consequences of excessive/deficient sulfate generation.

Jan 1, 2015

By M. S. Badollet

"IntroductionAsbestos as received by the manufacturer of asbestos products is •in the •form of either crudes or milled fibres processed to different degrees of texture. Frequently, the manufacturer finds that l:ihe fibres as he buys them are not adaptable to his plant processes, and, therefore, it is necessary for him either to contact the mine supplying the material and request a specific texture for the :fibre or to reprocess the fibre in his own plant.When the mine or mill manager is requested to change his milling equipment to produce a special grade of fibre with a specific texture, he would like to comply. However, if he began to make special fibre grades for each customer, he would be in the position of constantly rearranging his milling technique, adding more equipment, or building a new mill. In the end, his mill would he producing hundreds of different fibre grades of varying degrees of texture, which is a difficult accomplishment if he desires to maintain any quantity of production."

Jan 1, 1950

By Robert T. McKnight

"Traditional techniques for valuing resource projects companies have been primarily based on discounted cashflow methods (DCF) or by comparison to similar projects with an apparent market capitalization. Many resource projects are really forms of options to invest rather than a future cashflow stream. Employing the DCF method to value a resource project which is really an option to invest, can dramatically underestimate the real value of the project. The analytical tools required to evaluate options, while more complicated than the usual spreadsheets used for DCF, are becoming more easily available and usable by managers. This paper will discuss the background of options valuation and some of the tools which will make it easier for managers to estimate the value of projects and companies which have significant real option values.ResumeBob McKnight is a graduate of the University of British Columbia in Geological Engineering, supplemented by an MBA from Simon Fraser University. Following several years in the oil patch with Cities Service and Brascan, Bob returned to Vancouver in 1979 to work for Wright Engineers. He subsequently went on to work for Cassiar Mining, Getty Resources and Endeavour Financial before joining Pincock Allen & Holt Ltd. in 1998. His experience ranges from exploration to feasibility studies, financial evaluations of mining and oil & gas projects, due diligence, project finance, valuations and mergers and acquisitions. He has extensive international mining experience pertaining to such countries as Chile, Mexico, Uruguay, Thailand, Indonesia, Angola, Papua New Guinea, Kazakhstan.What are Options?Options have been around for centuries. They were familiar to Roman and Phoenician traders who were shipping cargoes from Mediterranean seaports. In the financial world, options are types of contracts that generally include the right, but not the obligation, to buy or sell a share, currency or commodity. The underlying commodity price or share price changes are assumed to be lognormally distributed. In this context, options are of two general types, ""call"" options and ""put"" options. Call options have the characteristic of having the right to buy a tradable commodity or currency at a predetermined price for a specified period of time. For the owner of call options, they become more valuable as the price of the underlying commodity increases. For the seller of call options, these options become an increasing liability as commodity prices rise, since there is the obligation to sell the commodity at a predetermined (perhaps lower-than-market) price. This characteristic of call options recently became high profile with the sharp rise in gold prices last year. The value of gold call options sold by certain producers increased their associated liabilities to the point where margin calls were made."

Jan 1, 2003

By G. A. Vissac

IN THE preliminary design of a coal washery, the most important factor to evaluate is the ash content of the final product. The ash content permissible may be imposed by market demands, but, in the final analysis, sooner or later - as most consumers today are buying coal on a 'heat value' basis - the coal operator has a certain margin of latitude. and the ash content of the coal to be delivered can be determined on the basis of maximum returns and highest profits. A few years ago, the most desirable separation was selected on the basis of the plus-minus 0.10; that is, the most desirable gravity of the separation was selected at the point showing a minimum amount of near gravities in the raw coal. The reason for this was an expected wide error over these near gravities. Today with the recent development of cry accurate, automatically controlled cleaning apparatus, a much larger latitude is possible, and the most desirable gravity of separation can be selected, almost exclusively, on the basis of the economic factors involved. To illustrate these new methods of investigation we shall give two examples, based on actual coals from the western United States.

Jan 1, 1957

By Marlin E. Sandlin

NORTH-CENTRAL United States is now, and will continue to be, a natural market for Canadian crude oil. This area is a natural market for many basic reasons. There are no physical barriers along the border of our countries. This market is in dose proximity to Canadian production. This market is already joined by crude oil pipe-1,ines to numerous producing areas of Canada. The tariff barriers are reasonable. We are not handicapped by mandatory quota restrictions. There are many of us who desire lo sell Canadian crude oil in this market. Further, and what is really important, there are many of us who desire to buy Canadian crude oil for this market. It is fundamental that for crude oil to be sold in the world market, it must ?be sold at competitive prices. At the same time, it is important that such competitive price must result in a fair price for the crude oil at the we1lhead. The factors of nearness to market, cheap pipe line transportation, and reasonable United States tariffs, all tend to make ?possible a competitive market and a fair wellhead price.

Jan 1, 1958

By Lucien Piché

"IN any opportunity such as I am now given, I suppose that one should not fail to say that what the world has to offer to this year's graduates in science and in engineering is the greatest promise ever held out. High-ranking new scientists and engineers -particularly those with the Ph.D. degree -find themselves in an apparently delightful situation; the glow of attention that surrounds them and the dazzling starting salaries that are offered to them may indeed be turning their heads a bit and the attitudes of some of them are sometimes expressed with a smugness that can find its equivalent only in freshmen. On the average, however, the new graduates are, without any doubt, the best trained ever, or at least they have been the most expensive to train in the universities.There appear to be exciting opportunities for competent, well-trained and educated scientists and engineers far beyond the numbers that can be annually produced, and the demands for excellence in depth as well as in breadth of training probably will continue to increase for many years to come. The problem is visible all around us in Canada that there is much more money to buy brains than there are brains to be bought."

Jan 1, 1966

By A. J. MacEachen

"LIKE ALL OTHER NOVA SCOTIANS, I have been thrilled during the past few years with the growing evidence that substantial reserves of oil and gas are being discovered off the Atlantic coast of Canada. There are those in this province who believe that large-scale commercial production is just around the corner, and that when it starts Nova Scotia will begin to float on a sea of royalties. These overly optimistic people, of whom I am not one, are convinced that with the first barrel of oil shipped to market, Nova Scotia can forget its financial problems while its people take on the luxurious lifestyle of the shieks of Kuwait or Saudi Arabia. You and I know, however, that even though offshore oil and gas may turn out to be the greatest gift nature has ever bestowed on Eastern Canada, it may take some considerable time before the reserves can be accurately assessed, before the industry can become fully operational, and before the benefits of production can be translated into royalties and tax revenue, improved public services, new industrial facilities and more jobs. While it is premature for the ordinary Nova Scotian to take on the habit of buying expensive cigars and lighting them with ten-dollar bills, it is not too early for him to insist that governments and industry plan intensively and well for the beneficial exploitation of undersea resources."

Jan 1, 1973

By J. E. Tupper

"This paper will discuss strategies for the introduction of computer technology in the mine environment. More specifically, it will focus on issues such as: (a) make or buy; (b) programmer less mines; and (c) support from corporate groups.The paper relates these strategies to systems for mine operations. These will be illustrated by considering the implementation of some phases of these systems at Teck Corporation.IntroductionThis presentation addresses some of the major considerations in a strategy for mine computerization and then relates these considerations to the computerization cycle and Teck Corporation.Strategy is defined as a conceptual framework or plan to accomplish a goal. For purposes of this paper, the goals can be more simply defined for operational purposes as either increasing revenue or decreasing costs.The strategy will allow us the framework for measuring tactical decisions such as computer and software acquisitions.The Mine Life CycleTo start with, let us look at the mine life cycle from a computer systems point of view:-Exploration-Property Development-Feasibility-Construction-OperationFrom a systems point of view, the exploration cycle is oriented to geophysical and geochemical computing. Property development starts with drilling and building the geological data base. The feasibility cycle includes all stages of evaluating the decision to proceed with mine development: ore reserve calculations; mine planning; and financial projections. Construction includes project management and project accounting systems. Systems required for operation are those needed by personnel at the mine site."

Jan 1, 1982

By R. W. Bruce, K. W. Downes

"IntroductionSULPHUR production in Canada from all sources for the year 1953 amounted to about 375,000 tons. Except for 16,000 tons of elemental sulphur derived from natural gas, this production was in the form of by-product pyrites, liquid sulphur dioxide, and sulphuric acid. In the same year, Canadian industry imported 359,000 tons of elemental sulphur from the United States. The cost, including transportation charges, to Canadian consuming plants ranged from $35.00 to $45.00 per long ton, depending upon location.Although most of the sulphur consumed is used in the oxidized form it is often most convenient to buy sulphur in the elemental form, and convert it to sulphur dioxide or sulphuric acid in situ as required. This is because elemental sulphur is easily shipped and stored, weighs only half as much as an equivalent quantity of sulphur dioxide and one-third as much as the corresponding quantity of sulphuric acid, and is readily converted to these forms in a sulphur burner. A process, therefore, which could economically recover elemental sulphur from sulphide ores would be most attractive.Since the turn of the century, notable improvements have been made in extractive metallurgy, but until recently only limited attention has been paid to the possibilities of elemental sulphur recovery. This has been due to the plentiful supplies of cheaply mined Frasch sulphur which have been available on the world markets."

Jan 1, 1955

"Option pricing is used in finance for valuing options to buy (or sell) shares at some future date because it provides a convenient framework for quantifying values subject to uncertainty. As one of the main sources of uncertainty in mining is the price (sales) of the metal, this approach can also be used for valuing mining projects.The first part of this paper reviews options and option pricing; the second part presents the approach developed by Brennan and Schwartz (1985) for using option pricing to value natural resources. Several applications of this methodology have been published; these are described. From a mining point of view, the assumptions made by Brennan and Schwartz are too simplistic. The weaknesses are discussed with a view to improving an apparently promising new way of assessing the value of projects. IntroductionThe collapse of the British merchant banking group, Barings, has highlighted the risks that can be incurred by speculators and arbitragers in the futures and options markets. But this negative attention on futures and options should not make us forget their positive aspects. They can provide producers and consumers of metals with more predictable sales prices. The introduction of the new traded average price options, TAPOS, by the London Metal Exchange in January 1997 is a response to this need. Equally important, the theory that the finance industry has developed for valuing options provides an interesting framework for valuing mineral projects as well. While this paper was being revised, the South African gold mining house, JCI, announced that it was using a methodology based on option pricing for valuing the mineral rights to deeplevel gold resources (see Box 1)."

Jan 1, 1997

This growing dependence of Canada upon foreign mineral commodities, just referred to, applies particularly in the direction of the United States. There is, in fact, no more significant feature of Canada's mineral trade than the manner in which it affects the Dominion's commercial standing with that country. Our heavy adverse balance of trade with the United States is perhaps not a matter of such wide concern or frequent comment as was the case two or three years ago. It is, of course, a well-known fact that the Dominion each year buys from the States a volume of goods to a value enormously in excess of our sales to that country. And it has come to be accepted as a ?normal, though not altogether satisfactory, feature of our international commerce that a huge portion of the bill incurred by our American purchases must be met, not by our American sales, but by the proceeds of our sales to other countries, not-ably Great Britain. It is a three-cornered situation in which our trading deficit with the United States is covered largely by our trading surplus with the United Kingdom. In this situation the mineral trade plays a remarkable part. If one delves into the details of our transactions with the United States it will be found that, in one sense, the mineral trade is entirely responsible for the huge annual balance against the Dominion. In fact, Canada gets decidedly better than an even break on Canadian American trade, if one leaves out of account the three mineral groups, "iron and steel", "non- metallic minerals", and "non-ferrous metals".

Jan 1, 1924

By Keith C. Hendrick

"Metal prices are frequently the most critical and least predictable element in determining the profitability of mining operations. Short -term fluctuations can be offset in varying degrees by hedging or other market actions. Such solutions are not practical for the longer term, The paper investigates the nature and extent of metal price risks and evaluates methods to reduce them.IntroductionIt is management's responsibility to improve the odds by managing the-risks by identifying them clearly, assessing them accurately, minimizing them where possible-and, then, timing decision s success fully.In determining the profitability of current operations, preparing forward plan s or developing feasibility studies for new projects or expansions, pr ices are usually the most critical input. Being market determined rather than cost based, they can also be the most unpredictable As a result, commodity prices are frequently the greatest of all risk factors.Nature of Commodity PricesThe cyclical nature of commodity prices is well known. They are stable only when supply is in balance with demand and forecast to remain that way. An imbalance on either side of the equation can lead to a price reaction completely out of proportion to the actual or perceived surplus or shortage.This exaggeration arises through the cumulative effect of market forces. When the market senses an uptrend, consumers buy for the expected increase in activity. They also seek additional quantities for inventory before price s rise. Merchants defer spot sales anticipating higher price s, speculators go along for the same reason, and producers raise prices in response to demand. Events tend to confirm the expectation of each party and strengthen their reaction causing prices to move higher."

Jan 1, 1983

By J. Mackintosh Bell

External trade strongly influences the well being of all nations. In the modern economic mechanism, no country is so well endowed that it has not to import commodities from others and to export its products in turn to make good its deficiencies, to rectify or improve its financial structure. From the standpoint of international commerce, Canada is strategically well placed. On the south she is bounded by the richest country in the world. On the east she faces the Atlantic, on the west the Pacific. On both coasts there are fine harbours to which lead great lines of railway that span the continent. Canada is now fifth among the exporting nations of the world. For disposal abroad, she has enormous quantities of primary commodities and substantial amounts of manufactured goods as well. But she is far from being self-sustaining. She is unusually dependent on foreign trade, not only because of the commodities she has to sell but because of the lack of many essential articles she does not or cannot produce. To Canada, external commerce is vastly more important than internal trade. The wealth of nations is decided by their ability to produce more than they need, to sell more than they buy, and to build up favourable balances resulting from trade or services. With few countries, however, are returns perennially satisfactory. Fruitful periods are followed by leaner years. In times of prosperity foreign credits are increased, monetary systems strengthened, reserves accumulated to withstand recurring days of strain. Today, the foundations of financial systems are being re-examined, "dogmas hitherto accepted as canonical are being questioned" . It is not only in Europe and America that men search for illumination in problems arising from monetary restrictions.

Jan 1, 1933

By George C. Bateman

WHAT I would like to do is to talk for a while tonight about the Canadian mining industry in wartime-at least, the Canadian mining industry as viewed through the eyes of the Metals Controller. There is nothing quite like the Canadian system in the system of controls in the United States, because the Canadian Controller combines the functions of a good many of the organizations here. I think the nearest counterpart would be the Divisional Chiefs of the WPB-although they have perhaps less authority and operate in a somewhat narrower field. My own field, as you know, is the metals and minerals-all of them, as a matter of fact, with the exception of steel and iron and coal and oil. And as I am responsible for supplies not only from domestic sources but also from foreign sources, I exercise most of the functions of the WPB and some of the functions of the Board of Economic Warfare. As my department is also responsible for stock-piling and for the financing of new operations, I therefore exercise some of the functions of the Metals Reserve and also of the Defense Plants Corporation. Being an administrator under the Wartime Prices and Trade Board, I also have the same function in relation w the price of metals as the OP A. The Canadian system of controls is compact, relatively simple, and I believe reasonably efficient. I think two of the reasons for that are that both the Controllers and the Directors of production are clothed with very wide authority, and also the fact that all the buying for the three arms of the service is done through the Department of Munitions and Supply, of which we are a part.

Jan 1, 1943