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By Simon C. Dominy, Ian M. Platten

"Abstract - Gold-bearing quartz reefs commonly show extremely erratic and unpredictable grade variation, although gross geological continuity may be good. This type of variation is often described as being nuggety or having a high nugget effect and can be measured quantitatively using the semivariogram. Understanding of geological features such as reef texture and structure will provide improved models for the interpretation of assay data, drill core descriptions, etc. In this paper, a case study from the quartz-hosted gold occurrences in the Gwynfynydd mine, United Kingdom, is described. The work provides a starting point for models of lateral variation and demonstrates the types of structural and textural features that may be sought to give clues to the prediction of gold distribution in similar deposits. Gold deposition at Gwynfynydd is primarily associated with the reef footwall. The host veins form a discrete group of structures that may have been emplaced early in the sequence of quartz veins forming the reef. This potentially exposes them to a maximum number of dissection events during repeat dilations of the lode. Gold was deposited in the local porosity at extreme concentrations, equivalent to kg/t grades, when the host fissure had become filled with a porous framework of crystalline quartz and sulfides. Distribution of porosity varied laterally along the vein as the result of the formation of clump-like growths of minerals from the vein walls. The growth style is relevant to the distribution of gold although it may not be relevant to the occurrence of gold in a particular vein. The preservation of pores with some connectivity late in the vein fill sequence may be important in permitting continued but slow fluid flows. This facilitates effective fluid reaction with wall rock-derived methane, thus changing the relative rates of gold and quartz deposition in favor of gold. The textural studies explain the first-order control of nugget distribution at Gwynfynydd but do not allow for prediction and optimization of the resource estimation process. This is principally because of the very low geological continuity and poor predictability of the high-grade pockets. Nonetheless, the work does provide a clear geological explanation for the erratic nature of the gold. It indicates textures and structures that can be used to determine geological continuity of the goldbearing elements within the gross reef envelope."

Jan 1, 2001

By S. Onuki, T. Ando, M. Tejima, R. Enomoto, Y. Okada

"Al–Si–Cu–Mg die casting alloys are widely used in the automotive industry, and recent advancements in high pressure die casting technology enable heat treating products to achieve desirable properties. However, CO2emissions associated with die-casting production lines should be reduced to address the global warming issue. In this study, the relation between the microstructures and thermal stability of precipitates formed during isothermal aging at 423, 485, and 558 K of Al-11.0 mass%Si-1.8 mass%Cu-0.2 mass% Mg (JIS ADC12) was investigated using Vickers hardness tests and transmission electron microscopy (TEM). The hardness tests and TEM results showed that Si compounds and Al–Cu compounds enhanced the mechanical properties of the alloy and that the predominant compound affecting the mechanical properties differed between specimens treated at 423 K and those treated at 558 K. Moreover, additional aging at 423–458 K resulted in a material with a Vickers hardness higher than that of the isothermally single-aged material. Differential scanning calorimetry, differential elemental analysis, and selected-area diffraction analysis using TEM suggested that the combination of Al–Cu compounds precipitated at low aging temperatures and Si compounds precipitated during preliminary aging increased the mechanical strength, resulting in a maximum hardness of 130 HV.INTRODUCTIONAl–Si–Cu–Mg die casting alloys have well-balanced mechanical properties, machinability, and cast ability. These alloys are therefore widely used in the automotive industry because of their superior characteristics, accounting for>90% of the aluminum used in die casting production. As a substitute for iron-based materials, these alloys have contributed to the development of lightweight vehicles.Dong et al. (2014) reported that the heat treatment of die casting materials is effective for changing their dimensions under high temperatures as a result of the precipitation of solid-solution elements. Recent advancements in high pressure die casting technology have led to the application of heat treatments of Al–Si–Cu–Mg alloy products to reduce fuel consumption and satisfy customer needs. Although attempts to reduce CO2emissions have focused on fuel consumption in cars and fuel efficiency regulations have become increasingly strict in recent years, CO2discharged from production lines should also be reduced without adversely affecting the properties of the product. Heat treatments for artificial aging after solution treatment (T6 treatment) and after casting (T5 treatment) are CO2discharge sources, which together with a holding furnace account for >80 % of the CO2discharged during the casting process."

Jan 1, 2018

By Hans D. Gougar

To meet an increasing demand for minerals, mining operations are moving to ever more remote regions. The lack of a local energy supply and infrastructure, coupled with social and regulatory demands for lowered environmental impact of mining operations, presents an opportunity for a seemingly unlikely competitor ? a nuclear power plant. The Modular Pebble Bed Reactor concept, currently in various stages of research and development around the world, offers a high degree of reliability and safety with minimal consequences for the local or global environment. The passive safety features of this design eliminate the need for the extensive active safety systems that add significantly to the cost of current water-cooled reactors. With the MPBR, as with all nuclear plants, there are no appreciable quantities of waste products released to the environment during normal operations. In contrast with conventional reactor designs, the MPBR would also remain radiologically safe even under the most severe abnormal circumstances. The key to the design is the fuel element. Enriched uranium microspheres are coated with various layers of pyrolytic carbons and silicon carbide to form a highly-temperature resistant particle that effectively retains all fission products. These particles are mixed with graphite and formed into 6 cm pebbles. A randomly packed vessel of such pebbles forms the reactor core through which helium is circulated as a coolant. Computer models and tests performed on actual pebble bed reactors confirm that fuel failure temperatures are not reached even during the most severe conceivable loss of coolant accident. The reactor drives a gas turbine cycle with resulting efficiencies as high as 48%, comparable to natural gas-fired units. The low price of uranium fuel and low maintenance requirements translates into competitive operating costs. However, high capital costs prevent the MPBR from competing with natural gas in most markets. In remote applications where no fossil supplies are readily available, the playing field is more level. This paper summarizes the features of two of the more promising candidates for remote applications and discusses the strengths of the MPBR from the perspectives of fuel supply and environmental impact.

May 1, 2002

By D. Pearcey, S. T. Vessey, V. Hegde, J. Staples

"Pellet quality has taken on a new dimension during the last ten years. Quality in the seventies was generally defined as adherence to certain physical and chemical specifications. Today, the talk is in terms of how the business is managed, how customer's expectations can be exceeded, not only in product quality, but in service responsiveness.Coke breeze and flux additions, lower silica levels, and improved furnace control practices have all contributed to the improvement of pellet physical and metallurgical properties. Statistical process control has provided additional insight into the parameters that affect pellet quality.Increased customer contact and product quality surveys have heightened our awareness of customer needs and also provide direction for quality improvement test work. Current work is focussed on improving reducibility and understanding the relationship between tumble, fired compression and metallurgical properties.This paper will review the Iron Ore Company of Canada's efforts during the past decade and describe some of its initiatives for the future.IntroductionThe Carol Pellet PlantThe Iron Ore Company of Canada's Carol Project is located in Labrador City in the southwestern portion of Newfoundland and Labrador , approximately 965 Ian northeast of Montreal. The project consists of mining facilities, beneficiation complex and a pellet plant, which began operations in 1962. The pellet plant consists of six Dravo-Lurgi straight grate machines, regrinding, filtering and balling facilities. The current capacity of the Carol pellet plant is approximately 10.5 million tonnes , while the concentrator has the capacity to produce about 18 million tonnes of concentrate.The orebody consists of specular hematite, magnetite and small quantities of limonite and goethite. The average grade of the orebody is approximately 39% iron."

Jan 1, 1991

By Rod Maclean, George Stewart

"This paper covers the planning, development, and mining of an underground pillar complex using a bulk mining method. To achieve the long-term goal of continually improving our operating processes, all cut-and-fill and undercut-and-fill workplaces at Thompson Mine have been evaluated for their conversion potential to the bulk method referred to as VerticalBlock Mining (V.B.M.).Since December 1979, conversion has occurred to the extent where 80% of the ore hoisted is mined using Vertical Block Mining (V.B.M.).Productivity and profitability have been substantially improved by converting to this bulk method, especially in pillar areas.IntroductionThompson Mine is a 6000 ton per day underground nickel mine located 3 miles outside the City of Thompson, 400 air miles north of Winnipeg . The mine has two shafts, T-l and T-3 (Fig. 1). The T-l shaft is 4427 feet deep with the deepest mining taking place on 4000 level. The T-3 shaft, which is the area of this presentation, extends to a depth of 2607 ft with the deepest operating level at 2400 ft. The two shafts, some 10 000 ft apart, are connected underground on numerous levels. The ore mined at T-3 is trammed on 2400 level to the T-I main ore pass and hoisted through the T-l shaft. Eight hundred and fifty thousand cubic feet of fresh air per minute ventilates the mine.The 1400 level 310 pillar complex is located in the T-3 mine area. There are six rib pillars, two crown pillars and one main pillar (boundary pillar between cut-and-fill stopes) within the complex (Fig. 2). The majority of the ore in this area has been mined using mechanized cut-and-fill techniques .Undercut-and-fill mining was the method originally planned to recover these pillars. It is slow, labour-intensive, and requires extensive use of timber during the mining cycle. The extraction drifts in the area are heavily timbered due to their proximity to the ore and the age of the facilities. Increasing drift maintenance costs and the successful mining of two main pillars with V.8.M. techniques provided the stimulus to review the mining plans for this area."

Jan 1, 1988

By Sukumar Bandopadhyay, Arunapuram Sundararajan

"Unique production and environmental problems are associated with multiple seam mining where dragfines are used for overburden and interburden removal. On the production side, the problems are decreased dragfine efficiency in chopdown operations, the general need for spoil rehandle, complications in sequencing stripping and coal handling operations, and potential stability problems in highly stacked spoil. Many variations of dragline methods have been reported in the literature to encounter these problems. Because of the physical properties and peculiar hydrology of sub-arctic region mining of multiple seams in such areas probably could not be done with the methods used in temperate regions.The properties of thawed material would make spoil hard to place in a stable manner and thus would influence the mini sequence. For instance, multiple seam mining which requires some rehandling of spoil and prolonged exposure of overburden and interburden material might be precluded by the instability of thawed spoil and therefore mining techniques have to be modified. Since the deployment and operation of a dragline in modes different from conventional schemes will affect productivity, it will be necessary to study the effects on production of changing the dragfine operational schemes. This paper presents a heuristic simulation model of multi-seam dragline operation of a sub-arctic mine that can be used to analyze the handling of overburden and detailed study of the dragfine performance."

Jan 1, 1986

Operating and Social Considerations from a Contractor?s Perspective

May 1, 2013

By Chris Blain

"Abstract - Based upon an extensive database, this paper analyzes the record of modern mineral exploration success and establishes the 50-year trends in discovery. The record clearly shows that the overall discovery rate rose during the 1950s and 1960s, peaked in the 1980s, and fell during the 1980s and 1990s. By commodity and ore-type target, the pattern of discovery is not continuous. Typically, it is episodic as a series of waves with minor resurgence. The waves reflect the order of the so-called discovery booms, led by uranium, then nickel, and copper, polymetallic base metals and gold. With the possible exception of gold, the discovery booms appear to be independent of metal price, although favorable perceptions of the price outlook may well have initiated the boom or led resurgence. Although difficult to quantify, an emerging trend in modern discovery is the integration of several detection techniques into the search process. No doubt, this trend will continue as orebodies become more and more difficult to find. The record of the past two decades shows that greenfield discovery rates have progressively fallen even though the level of investment in exploration has risen to an all-time high. This trend reflects increasing discovery risk. Several factors are contributing to this trend. Perhaps the two most important are: (1) deteriorating economics as increasing real costs and decreasing real prices continue to raise the economic hurdles for minimum acceptable exploration targets, and (2) increasing exploration maturity in many search terrains, particularly those in the traditional regions of North America and Australasia. To succeed cost-effectively in this new environment of increasing discovery risk will require extraordinary creativity, innovation, and technical skill coupled with commercial discipline."

Jan 1, 2000

By C. J. Sullivan

It is of importance, in prospecting, to distinguish ores of magmatic origin from those derived by the meta-morphism and granitization of source rocks and from those accumulated in certain sedimentary facies. The magmatic ores, which are characterized by their occurrence along fault structures, may be associated with volcanic (including explosive) phenomena. Heat effects are local. The magmatic sequence is well de-fined: kimberlite, with diamond pipes; ijolite, with carbonatites; peridotite, with nickel deposits; norite, with nickel-copper deposits; and diabase-gabbro, with copper-zinc deposits. These deposits are characteristic of Precambrian shields, where a thick sialic crust may rest on basic to ultrabasic magma. The sequence is resumed in the Paleozoic terrains (in a broad sense), with monzonite porphyries and associated copper, copper-gold, and cop-per-lead-zinc deposits.

Jan 1, 1962

By C. A. Godden, T. N. Atkinson

Metallographic techniques developed from studies of corrosion films and electroplated coatings on aluminum alloys, are discussed. These methods, the result of work at the Naval Research Establishment, give extremely flat fields at the interface despite the large difference in hardness, in cases where electrolytic polishing could not be used. Techniques to overcome the similarity in refractive index of immersion oil, aluminum ox1d~, and mounting plastic are also considered, as are methods for improving visual and photographic contrast in areas of interest. A device for marking specimens is also de-scribed. ELE•CTROLYTIC polishing is inapplicable in the study of surface films on aluminum, whether corrosion films or electrodeposits. Mechanical procedures must there-fore be followed. Sample flatness and edge retention are of paramount importance. Special measures are required in the study of oxide films, because of the close proximity of the refractive indices of aluminum oxide, mounting plastic, and immersion oil.

Jan 1, 1962

By Chin J. Chang

Powder metallurgy (P/M) technique is known for its capability of producing near-net-shape parts. Its specific characteristics have resulted in low cost and eliminated of many secondary machining. However, more and more P/M parts do require additional operations to fulfil their complex geometric features and surface roughness. Many of the machining factors that influence the machinability of cast and wrought steel parts, such as cutting speed, feedrate, coolant, tool geometry and shape, are also considered in the machining of P/M components. The special feature in P/M structure is the porosity that can decrease the machinability and shorten the tool life. Different variables have been considered in the machinability of P/M materials. Densities and the free machining additive manganese sulphide (MnS), are the two main factors of material composition, which dominate the P/M machining performance. Machining process is the main method that generates the desired working surface of machining components. This paper will discuss the metallurgical structure of the powder metallurgy components, their physical properties and possible issues when encountering machining operation. Turning operation has been tested in this investigation to show the relationship between the cutting speed, federate, cutting forces and chip formation. This investigation also discusses how the free machining additive, manganese sulphide, affects the P/M structure and machinability in order to understand how the metallurgical structure can affect the machining operation and, how to obtain the optimised surface results.

May 1, 2001

By Robert E. McIvor

"Use of the Bond Work Index to size industrial grinding equipment was widely known. Bond also described its application for measuring grinding circuit efficiency. Bond Work Index efficiency also has been used extensively by industry, but until now without concise standard methods, or a formal guideline, for doing so. The Bond Efficiency Sub-Committee of the Industrial Comminution Efficiency work group of GMSG has produced such a guideline, which is appended hereto. It covers the methods and provides examples of how to calculate the Bond Work Index Efficiency of most industrial grinding circuits. Bond Work Index testing equipment and methods are also provided.Comminution is responsible for a major portion of mineral processing plant energy consumption and operating costs. Bond Work Index efficiency provides valuable means, first, for benchmarking one’s plant performance against others in the broad industry, and hence defining the extent of the opportunity for improvement. Secondly, improvements in circuit efficiency with implemented changes can be quantified and monitored as part of continuous improvement efforts. These two important business activities are thus facilitated, and, in the absence of any other accepted method, otherwise would be lacking without the existence and application of this standard for comparison. While often loosely applied in the past by plant metallurgical staffs, the increased precision offered by this guideline provides much clearer definition of both the conceptual and statistical meaning of these measurements. Even a small improvement can be enormously financially important, but only if differentiated by measurement. This guideline was thus intended to provide industry improved means to differentiate comminution circuit efficiencies. Carbon footprint reduction is coincidental, but nevertheless can be substantial.The next steps are: (1) to establish standard reference testing materials and one or more laboratories to serve as bases for reference testing; (2) to establish the accuracy of relative circuit Work Index Efficiency determinations; and (3), to develop and provide a public data base of industrial comminution circuit Bond Work Index Efficiencies."

Jan 1, 2016

By E. Bratygin, G. Gazaleeva

"The article describes the analysis of methods and criteria of selectivity of optimal ore preparation schemes. Traditional criteria based on study of physical-mechanical properties of ores give the comparison of obtained figures with a reference standard or statistic data and the selection of the ore preparation scheme is made on a basis of a similar scheme from the existing production.Further on estimation is given to different criteria of the crushing selectivity, the new criterion is offered, the definition of which is done by results of an optical microscopy– the estimation of a valuable mineral release degree. The final estimation of the crushing process selectivity L? is performed by a calculation of a ratio of the valuable mineral free grains quantity in a desired size grade of a crushed material to the valuable mineral free grains quantity in a desired size grade of a raw product.Besides, optimality assessment of using the specific crushing unit is preliminary performed according to a maximum crushing degree of a material, however, the priority is given to the maximum selectivity criterion. The check of the proposed criterion was done when comparing the crushing of niobium bearing ores of the Vishnevogorskoye deposit in cone inertial and centrifugal impact crushers. Different operation modes of crushers were also checked. The comparison of the crushing selectivity criterion L? showed that the centrifugal impact crusher (CC) has the value of the selectivity criterion lower than the cone inertial crusher (CIC). For the crusher CC the criterion L? is 0.82 – 0.87 units, whereas for the crusher CIC – 1.43-1.755 units. The best crushing mode for the crusher CIC-300? is as follows: turning angle of debalance is 120°, peripheral speed of a cone rotation – 1,420 rpm, specific energy consumption – 6.99 kW?t/t.INTRODUCTIONIt has been shown that the most efficient techniques of mineral raw materials disintegration are selective crushing enabling to produce liberation of particles at maximum use of destruction techniques by borders of minerals cleavage. These days, such techniques are usually called special disintegration techniques (Jankovic & Valery, 2015), and they are used in 3–4 crushing stages. The selection of optimal crushing techniques is performed based on the following main parameters:- degrees of crushing, calculated based on granulometric features of raw and crushed products;- selectivity criterion defined according to useful mineral release and slime ability degree; and- traditional criteria (Gazaleeva et al., 2015) of choice based on study of physical-mechanicalproperties of ores gives the comparison of obtained figures with a reference standard or statistic data and the selection of the ore preparation scheme is made on a basis of a similar scheme from the existing production."

Jan 1, 2016

By Dwayne D. Tannant

This paper presents a summary of results from a questionnaire sent to surface mines in western Canada seeking information on haul road design, construction, and maintenance. There has been a marked increase in the size of the trucks used over the last decade with some mines now using trucks with a payload capacity of 360mt. Consequentially, geometrical elements of haul roads, such as width, have been enlarged to accommodate larger trucks. Most haul roads are constructed on the basis of past experience without use of formal design procedures. With the introduction of larger haul trucks, problems related to rolling resistance, deterioration, and maintenance of the haul roads have become more important. This has lead to adoption of more rigorous design methods for roads at some mines, most notably for the oil sand mines operated by Syncrude Canada Ltd. A summary of the evolution of haul road designs implemented at Syncrude Canada Ltd. is presented.

May 1, 2001

By R. S. James, D. C. Peck, P. T. Chubb

"The East Bull Lake gabbro-anorthosite intrusion is one of several Early Proterozoic layered mafic intrusions occurring along the Southern Province - Superior Province boundary in the Elliot Lake - Sudbury region, Ontario. The base of the East Bull Lake intrusion comprises abundant plagioclase cumulates (Leucogabbronorite Zone) hosting two distinct styles of sulfide mineralization: (1) disseminated magmatic sulfides, and (2) disseminated to massive, structurally controlled sulfides. Both types of mineralization are enriched in Pd, Pt, Au, Cu and Ni. The host rocks to the sulfide mineralization display a range of interesting features including nodular textures, dendriticpegmatitic mafic pods, inclusion-rich zones (pyroxenite, anorthosite and granitic inclusions) and magmatic breccias. Disseminated chalcopyrite, pyrrhotite and pentlandite occur in concentrations of up to 100/0 within erratically distributed gossan pods near the base of the intrusion. The sulfides were originally precipitated from intercumulus liquids, but were subsequently recrystallized and locally remobilized along fractures during the major period of metamorphism and deformation that affected the East Bull Lake intrusion. The base- and precious-metal tenor of the structurally controlled sulfides can be explained by extensive remobilization and reconcentration of the pre-existing magmatic sulfides in the vicinity of a major shear zone. Both styles of sulfide mineralization locally contain ppm abundances of POE + Au and are generally Pd- and Cu-rich, although both display large variations in Pd:Pt and Cu:Ni ratios. The magmatic sulfides are more strongly enriched in POE and contain up to 1470 ppm Pd in 100% sulfide. Several factors, including source characteristics, magmatic processes (crustal assimilation, fractional crystallization) and post-magmatic interaction with hydrous fluid, have influenced the present distribution of POE, Cu and Ni in the East Bull Lake intrusion.The magmatic sulfide occurrences from the East Bull Lake intrusion compare favorably with marginal-type deposits from rift-related intrusions (Noril'sk-Talnakh region, Siberia; Duluth Complex, U.S.A.) in terms of their distribution, but are most similar to reef-type POE deposits with respect to their base- and precious-metal geochemistry. The combination of high POE tenors and large tonnages that is observed for the POE-Cu-Ni mineralization from the East Bull Lake intrusion suggests that a good potential exists for the presence of economic concentrations of Pd, Pt, Au, Cu and Ni in the intrusion. On a global scale, the East Bull Lake intrusion is part of a suite of Early Proterozoic plutons, many of which contain significant volumes of stratiform and/or marginaltype POE-Cu-Ni mineralization. The East Bull Lake intrusion is also one of the oldest mineralized intrusions derived from a sub-Superior Province mantle source region that has given rise to several significant magmatic POE-Cu-Ni deposits during the period 2.5 Ga to 1.1 Ga."

Jan 1, 1993

By Changmiao Liu, Dong Dong

"Magnesite is a major mineral resource in China, whose output and export are massive and quite important to the world. Flotation performances of eight anionic collectors on magnesite were studied to find the proper ones. Micro-flotation results indicated that collectors of HOl, SDBS and AEP had outstanding flotation performances on magnesite, with the recovery ratio all reaching above 90% in a wide range of alkaline pulp. Solution chemistry calculation, Zeta potential and FTIR measurements were employed to reveal the interaction mechanism between anionic collectors and magnesite surfaces. Solution chemistry analysis indicated that the main active components of HOl, SDBS and AEP were anions and association complex anions in alkaline pulp. Magnesite surface was negatively charged in the alkaline pulp. The active sites on magnesite surface were mainly the components of MgOH-, Mg (OH)2, and MgCO3 when the pulp pH was over 8. Anionic components of HOl, SDBS and AEP reacted with Mg in magnesite surface to make the insoluble anionic salts. And the chemical adsorption was confirmed by the FTIR measurement evidences.INTRODUCTIONAs an important industrial mineral, magnesite has been widely applied in metallurgy, building materials, chemical industry, agro-pasturage and other fields (Hu et al., 2006). It is a major mineral resource in China with abundant reserves. Its output and export are massive and quite important to the world. Liaoning province is rich in magnesite, whose reserves and production both come first in China. So far the proven reserves have reached 2.91 billion tons, accounting for more than 90% of total reserves in China, and more than 25% in the world (Li et al., 2012).Magnesite ores in Liaoning province mainly contain crystalline magnesite, and the gangue minerals of quartz, dolomite, talc, tremolite, chlorite and carbonaceous materials. Some ores also contain a little pyrite, chalcopyrite, hematite and apatite. Most of the ores must be preprocessed to separate the useful parts from the large amount of gangue minerals, so that their value and industrial application can be enlarged and promoted.Flotation is commonly used to process the magnesite ores, and the conventional flotation methods include anionic and cationic flotation. In the former, gangue minerals of silicates were separated by using amine type cationic collectors. After the impurity minerals were removed, high qualified magnesite concentration could be gained. For the cationic flotation method, it had some drawbacks of lower recovery ratio and poor performance in the lower temperature pulp (Li et al., 1995)."

Jan 1, 2016

By L. Hacini, N. Van L ê, P. Bacher, D. Thibault

Manufacturer welded components may suffer from high level of residual stresses which can cause premature cracking and decrease the life of the components if they reach values close to the yield strength of the material. In the present work, a robotized hammer peening technique is simulated by an impact machine and the residual stresses generated by the indentation are measured. To better understand phenomena behind residual stresses relaxation by hammer peening, the impact energy level was changed. 304L steel plates were hammer peened with 10 impacts. The contact between the hammer and sample surface was always at the same location. The strains on the surface close to the impact location were recorded during the test using strain gauges to follow residual stresses variations. At the end of the test residual stresses were measured indepth using hole drilling technique at 8mm from the impact center. The micro-hardness was monitored to evaluate the affected zone by the hammer peening. This approach gave a good estimation of the energy and number of blows to be used for efficient relaxation of the manufactured parts.

Jan 1, 2006

"In the first half of 1990, Cambior earned $1104 million, or $0.37 per share, on revenues of$66.4 million. The company's strong cash position, attained late in 1989 and in the beginning of1990 through the exercise of warrants, put working capital at $83.8 million as of June 30, 1990. Long-term debt was reduced by over $10 million during the weak gold market, leaving the company with a debt to equity ratio of only 0.03. Production for the six first months of 1990 was 107 720 oz. Au, an increaseof24% over the corresponding period in 1989.Financial Profile/Results and Corporate Financial StrategiesTotal revenue for the 1989 fiscal year was $116,883,000 compared to $109,848,000 for 1988. The 1989 results achieved despite a lower average gold price, resulted from a higher level of commercial gold production and a 115% increase in investment income over 1988. Investment income rose to $3,568,000 in 1989 due to higher levels of cash assets.Cambior's mine operating costs increased 19% to $68,561,000 in 1989 from $57,472,000 in 1988. This increase resulted from rising operating costs at the Doyon Mine ($250/oz to $274/oz) due to the shift from open pit to underground operations, as well as from the start -up of three new mines with relatively higher costs. These costs have reached a stable level that should be maintained for the next few years.In 1989, net exploration expenses were $6,838,000, down 31070 from 1988, partially due to the Canadian tax reforms introduced since 1987. Depreciation and depletion grew by $1,432,000 in 1989, reflecting a higher volume of commercial production from the Pierre Beauchemin, Lucien C. Beliveau and Chimo mines.Net earnings for 1989 amounted to $17,661,000 or $0.73 per share compared to $17,438,000 or $0.74 per share in 1988.Cambior has an exceptionally liquid and strong balance sheet. As at December 31, 1989, net working capital stood at $85.6 million, with a total assets base of $338.6 million. With a long-term debt (including gold loans) of $21.5 million and shareholders' equity of $277.2 million, Cambior has a debt to equity ratio of 8%. All but about $100,000 of long-term debt is in the form of gold loans.The total market value for Cambior's stock as at September 10, 1990, stands at $420million, based on recent stock market prices. Cambior's stock and warrants are traded on the Montreal and Toronto Stock Exchange."

Jan 1, 1990

By J. M. Turnbull

THE primary objective of the young graduate, after the war, will be to obtain a suitable position within the Industry, with adequate pay and opportunity to advance. The positions available to meet this demand will depend on the magnitude and organization of the industry. The size of the mining industry, in particular, will depend on a number of factors, including depletion; new discoveries of mineral deposits; beneficiation of new kinds of mineral deposits, based on research; technical improvements, also based on research, enabling the mining of lower grade deposits; and complex social factors. The organization of the industry will depend on its control and management, which may be greatly affected by social conditions and changes, and may include a wider or a narrower use of technical services. The corresponding training or qualifications of graduates, to meet these conditions, calls for a consideration of educational requirements and facilities in relation to the conditions that are likely to occur. Some forecast of the probable future of the Industry, after the war, based on consideration of. the above factors, is necessary as a basis of discussion, since the graduate must find his place in the industry of that time, and find his work in maintaining and improving it, within the existent social framework. Social factors are pressing and? important at present and their future impact is uncertain. In considering these, a few quotations and extracts may be in order. "A new economic order, based on free access to the sources of raw materials, means free use of the world's wealth by all civilized nations" (The Pope. Also advocated by Churchill and Roosevelt in the Atlantic Charter). "Every citizen should have a voice in the conduct of business or industry which is ?carried on by means of his labour" (Archbishop of Canterbury).

Jan 1, 1943

"The last thirty years have seen enormous changes in all aspects of the gold industry, from the technologies of mining and extracting gold to the role it has played in the fiscal policies of nations. In this time, the market price of gold has increased ten fold and mine production has more than doubled. However, the cost of mining and extracting gold has also increased exponentially, and the industry has struggled with declining ore grades and increasingly refractory ore bodies.With the major economic powers of the world shrugging off the uncertainties of the post cold war era and moving into a period of unprecedented political stability, economic growth and low inflation, gold is also losing its lustre as a hedge against inflation and a backing for national currencies. Consequently, countries that had accumulated and hoarded gold for decades are now disposing of these non-performing assets, resulting in major swings in supply of the metal. Fortunately, this has coincided with the end of communism in many parts of the world and a tentative move to free market economies in most of the developing nations. As a result, people are becoming wealthier, and this is creating more demand for gold, principally in the form of jewelry.On balance, the shift in the role of gold, from one in which a significant portion of new gold production lay dormant in bank vaults as insurance against political or fiscal instability, to one in which most new gold is now freely traded as an industrial commodity, responding to normal market forces of supply and demand, has had a negative impact on the price of gold over the last fifteen years. In that time, the gold price has declined from a peak of $850/oz in 1980 to an average price of about $400 through the rest of the l 980's, to a price of -$320/oz today (1997). In large measure, this has been due to the enormous inventory of gold metal that was held by central government banks in vaults around the world, and which has been dumped on the market as soon as the price has started to trend upwards. Even today, after ten years of fairly steady selling by central banks, about 3 0, 000 tons of gold (or -8 years' supply at the present rate of consumption) is still retained in vaults (Murray et al., 1997).The downward pressure on the price of gold has created exciting opportunities for the development and implementation of new technology. Increasing the efficiency of gold recovery from more and more refractory ore bodies, whilst at the same time lowering production costs, have become critical to survival in this industry. These challenges have been met by the development and implementation of new technologies such as heap leaching, carbon in pulp, resin in pulp and the sulphide ore pre-treatment process of pressure leaching, bacterial leaching and fluid bed roasting. For an industry that saw very little technological change in the first seventy years of the twentieth century, the pace of change over the last thirty years must have seemed bewildering at times."

Jan 1, 1998