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By Deborah A. McCombe

"There are a number of important dates that must be disclosed when a Qualified Person (QP) is preparing a technical report for securities purposes. The dates are discussed in NI43-101 and the Form of the Technical Report, NI43-101F1. •,Effective date of the technical report •,Possible revision date of the report •,Effective date of mineral resources and mineral reserves •,Date of the personal inspection (site visit) •,Signature date of the date report (execution date) •,Date of the certificate of the QP •,Date of the consent of the QP The effective date of the report is basically the cut-off date for the information that is included in the technical report. The effective date should be close to the signature date. If there is too long a period between these dates, the QP runs the risk of new material information becoming available and then the technical report would no longer be current. The effective date is disclosed on the title page of the report and on the signature page. If a technical report needs to be revised to correct problems or disclosure deficiencies identified by the regulators, the QP will normally need to include a revision date on the title page of the report to distinguish the revised version from the original version. In these circumstances, the regulators will request that the original date of the report remain on the title page and the revised date will be below it. When a technical report must be revised, the QP must resign and date the signature page of the report and provide a new certificate and consent."

Jan 1, 2003

By M. G. Dellow, D. W. Hendriks

"In early 1988 the decision was made by Noranda Minerals Inc. to install pressure filters at the GECO mill to replace the vacuum disk filters and bunker-C fired rotary kiln dryers. Two filters were installed, one for copper concentrate and one for zinc concentrate. Completion of the project was scheduled for the third quarter of 1989. The filters were made operational in October 1989. Some work remains to be done yet on loadout conveyors for total project completion. Capital expenditures for the project have been approximately $2,700,000 to date. The paper describes the selection criteria for the filter, the installation, startup and associated problems.1. INTRODUCTIONThe filter model chosen for the project was the Verti-Press model VP-50-6(7) (Figures1 ,2 and 3) by Filtra Systems of Farmington Michigan, USA. The decision to purchase the Filtra Systems filter was based on gaining familiarity with a different, mechanically simpler pressure filter than the Larox design and to a lesser extent a necessity for repairs to the the disc filter, rotary kiln dryer system used at the GECO operation for its' copper and zinc concentrates. The fact that it is manufactured in North America was an important consideration. The same basic principles of pressure filtration as the Larox machine are used but the implementation is quite different and somewhat simplified with some interesting innovations. 2 filters were installed to allow direct and immediate comparison of the same machine on both fine and coarse materials. Copper concentrate is reground for cleaning on the flotation circuit while zinc is not. Screen analysis of composited samples of concentrates for 1988 indicated that expected copper concentrate would be approximately 66% minus 400 mesh and zinc 50% minus 400 mesh (Tables 1 & 2).The filter is composed of six horizontal chamber module layered vertically and held together in a frame by 1 O large bolts; torqued down to 4000 ft-lbs. 6 individual belts are used; each with its own drive system. The belts themselves are of a 3 piece design with a filter cloth portion, a support belt and a rubberized intermediate portion. They are held together with steel clipper lacings. A basic description (1) of the filter operation is as follows. ""The horizontal filler chamber is closed by hydraulically pressurizing seals across each end of the filter chamber to 200 psi. The feed pump then pumps slurry into the filter chamber. Suspended solids are retained on the filter belt and the filtered solution drains into a lower drip tray and flows from the filter by gravity. At the end of the filtration or feed cycle, a rubber diaphragm in the filter chamber is pressurized hydraulically to 100 psi pressure. This removes all free liquid from the filter chamber and the filter cake. After the diaphragms are retracted the filter cake is blown with compressed air to remove any residual cake moisture. The seals are then retracted and the belt is advanced to discharge the filter cakes. During the cake discharge the belts are washed with a spray header located at the drive end of the filter. The belt assemblies move one (1) complete revolution during the cake discharge cycle. The cycle automatically repeats until the filter is shut down by the operator."

Jan 1, 1990

By J. Cayouette, . Blatter, P. Cousin

The Laronde mill was commissioned in 1988 and has been treating the Laronde Perim ore since 2000. The Laronde plant, situated in the Abitibi region of Quebec, has experienced mill expansions to accommodate 7500 mtpd and to recover gold and silver as well as important amounts of base metals (Cu, Zn, Pb). Ten sequential metallurgical and environmental processes are responsible for metals recovery and process viability. Over 200,000 ounces of gold, 4,5 million ounces of silver, 7000 tonnes of copper, and 78,000 tonnes of zinc are produced annually. In 2008, the Goldex plant began trucking high wade (35-45 Wt Au) pyrite sulphide concentrate (TCGO) for gold extraction at a newly constructed treatment plant, increasing gold output at Laronde by 40,000 ounces. In 2009, the high gold wade Lapa ore processing facilities were annexed to the Laronde plant increasing output by 120,000 ounces of gold. TCGO and Lapa productions are forecasted until 2018 and 2015 respectively, with known reserves of each mine. Today, up to 140 permanent employees run and optimise the Laronde plant operation. As a result, Laronde has intricacies intrinsic to a large and varied operation. The paper will outline the metallurgical highlights, challenges, and future outlook related to the treatment of each ore type (Laronde, TCGO, and Lapa)

Jan 1, 2011

By Walter E. Montgomery

ACCIDENT-PREVENTION work in years gone by has been carried on by many mine managers as a philanthropic movement, but in recent years they have come to realise that Safety is good business and pays tangible dividends. Let us begin with the word itself. We are told that an accident is "any-thing occurring unexpectedly, undesignedly, or without known or assign-able cause'. It is further explained that it is any 'unpleasant or unfortunate occurrence involving injury, loss, suffering, or death", and, finally, "any unintentional or non-essential circumstance". We admit that accidents are unfortunate, unpleasant, unintentional, and they generally happen undesignedly and to a great degree unexpectedly, but to say that they happen "without known or assignable cause" leads us to believe that the word 'accident' is often misused. Would it not be more correct to say that a man suffered a "personal injury"? The word 'accident' in its proper sense implies something over which no one has any control, but when the majority of all so-called accidents are analysed we arrive at the incontestible fact that some act or action, previous or present, was the underlying cause. As long ago as the year 1556 this fact was mentioned by Georgius Agricola, who, in writing a paper on metallurgy, aptly stated, "It remains for me to speak on the ailments and accidents of mines, and of the methods by which they can guard against these, for we should always devote more care to maintaining our health, that we may freely perform the functions of our body, than to making profits". Farther on, Agricola relates in more detail, "Sometimes workmen slipping from ladders into the shafts break their arms, legs, or necks, or fall into the sumps and are drowned; often, indeed, the negligence of the foreman is to blame, for it is his special work both to fix the ladder so firmly to the timbers that they cannot break away, and to cover so securely with planks the sumps at the bottom of the shafts, that the planks cannot be moved nor the men fall into the water; wherefore the foreman must carefully execute his own work. Moreover, he must not set the entrance of the shaft-house toward the north wind, lest in winter the ladders freeze with cold, for when this happens the man's hands become stiff and slipping with cold, and cannot perform their office of holding. The men, too, must be careful that, even if none of these things happen, they do not fall from their own carelessness'.

Jan 1, 1938

By Norman O. Lotter, Virginia Lawson, Mika Muinonen, Dominic Fragomeni, Jorge F. Oliveira

Development of metallurgical flowsheets from drill core to production of finished metal involves two main domains: process mineralogy to sample the ore and develop a successful flowsheet producing saleable concentrate; and extractive metallurgy to convert that saleable concentrate to finished metal. Effective flowsheet development for a new or brown-field concentrator and processing facility is essential to project schedule and return on investment. Over the last decade in particular, the integration of geology, mineralogy, sampling, and mineral processing have empowered the development of an improved practice in flowsheet development. The use of geometallurgical units as a basis for best-practice sampling delivers representative study material to the laboratory. Modern automated mineralogy characterises the whole rock assembly and paymetal mineral hosting, to address downstream process implications. Batch scale flotation testing then uses this information to design and perform well-focused strategies. At early stages of the project, the Extractive Metallurgy team is engaged to determine processing constraints or other economic drivers in conversion of the saleable concentrate into finished metal. The team evaluates available technologies, assesses the impurities and key properties of the given concentrate. In many cases, changes to mineral processing flowsheet are required to maximize value per tonne of concentrate. Site conditions, availability of infrastructure, energy and power all play an important role. Modern metallurgical simulation tools such as FactSage™ and METSIM™ can quickly define the appropriate test program for each process. Bench scale testing and appropriate scale of piloting can confirm simulations and provide design criteria. A case study demonstrates how effective use of these tools and a multidisciplinary team can accelerate flowsheet development, while reducing costs and ensuring that the designed processing facilities maximize project value with minimum risk.

Jan 1, 2014

By R J. Tremblay, R. R. Hoffman

This paper deals with materials of construction and problems encountered and overcome in leaching and filtration of oxidized sulphuric acid slurry in the Port Radium mill after eight years of operation. The slurry is characterized by a high calcium sulphate content as well as a high chloride level under oxidized conditions, both of which affected initial design and subsequent changes. Leach agitation tanks are of wood with a mild steel superstructure and stainless steel agitator and moving parts below solution level. Electro-polished 316 stainless steel cooling coils are used for temperature control of the slurry. The string filters are of the Oliver type with wood decking. Extensive use is made of wood, Linatex lined mild steel and stainless steel for the slurry handling. A typical analysis of the slurry solution follows:(pH-1.30) ClOa Fe+++ Free Acid UaOs c1-so.--0.10 gms/litre 10.2 gms/litre 6. 7 gms/litre 3.5 gms/litre 2.0 gms/litre 155 gms/litre

Jan 1, 1961

By Maya Kamenetsky, Khoi Nguyen, Natalee Bonnici, Steve Walters, Claire McMahon, Julie Hunt, Ron Berry

"The analysis of meso- and micro-scale textural attributes has been undertaken on ore samples from the Ernest Henry iron oxide-copper-gold (IOCG) deposit in NW QLD. Quantified textural data including grain size, shape and mineral association have been extracted from classified images of core with the aim to better predict potential mineral processing behaviours such as comminution, liberation and flotation. Data have been extracted from images of intact core at meso- and micro-scales using high resolution continuous images collected using automated core-logger technology, SEM-based and optical microscopy platforms.The results of this study will show examples of quantified size, shape and mineral association data from meso- and micro-scale classified images. Analysis of the data shows that there are domains of variable grain size and mineral association that can potentially be related to crushing and liberation behaviour. The trends that are observed at the drill-core (meso-) scale are consistent with those at the micro-scale. The results from the micro-scale analysis show that the domains defined at the core-scale have clearly different chalcopyrite sizes and shapes as well as variable bulk mineralogy.INTRODUCTIONInnovations in technology have allowed automated extraction of information about mineral shape, grain size and mineral association, i.e., texture, from meso- and micro-scale images of intact rocks. The overall aim of this research is to investigate trends in quantified textural data that can potentially give an early view of processing parameters such as predicted grind size and liberation behaviour."

Jan 1, 2009

By Andre L. De Vegt, Cees J. N. Buisman

"For the past eight years Paques has been engaged in the development and installation of treatment systems based on biotechnological processes to remove sulfur compounds from water, air and gaseous streams. Metal and sulfate can be removed from mine waters using two biological steps:1. Sulfate reducing bacteria convert sulfate to hydrogen sulfide (H2S). The H2S reacts with the dissolved metals to form insoluble metal sulfide precipitates.2. Sulfide oxidizing bacteria convert excess H2S to elemental sulfur.Paques has designed and installed a groundwater treatment system for the Budelco zinc refinery in the Netherlands to remove metals and sulfate as described above. The system has been operating since May 1992 treating a flow of 5000 m3/d. A test program, utilizing a large scale pilot plant, will commence in November 1995 at a copper mine in the U.S.A. to remediate groundwater contaminated with sulfate and heavy metals. Biological reactor performance and selective metal recovery will be studied. Sulfur dioxide (S02) can be removed from fluegas using a combination of scrubber technology and the two biological steps. The end product is elemental sulfur. A commercial size biological desulfurization plant has been in operation since July 1994 treating 50,000 Nm3/h of fluegas. Sulfide can be removed from mining waters or anaerobic wetlands using a THIOPAQ® Sulfide Oxidizing reactor.lntroductionSulfur can be present in various water and gaseous streams in a mining operation. In many cases the sulfur compounds have to be removed because of toxicity, corrosive properties and contribution to acid rain. Mine waters can contain dissolved heavy metals. An efficient way to remove dissolved metals removal is the precipitation as metal sulfides. Paques has developed and installed treatment systems based on biotechnological processes to remove sulfur compounds from water, air and gaseous streams. These treatment systems biologically convert sulfate to hydrogen sulfide (H2S) which can be used in heavy metal precipitation. Excess H2S is biologically converted to elemental sulfur. This paper provides an overview of these newly developed biotechnological treatment systems."

Jan 1, 1997

By F. Grant

"General *The mining experiences of the coal mining industry in Western Canada have been extremely varied, with the mining companies having to adjust their operations or fail due to the harsh economy of the country in the first part of the century. The bituminous or mountain mines had the railways as main consumers with, at times, optimism that potential steel producers would require metallurgical coal. The prairie and foothills mines mainly provided household fuels, with the fine coal sold to local thermal power plants at discounted prices. In practically all cases fuel competition was very keen, and the less successful mines ceased operations in short-time spans. Knowledge of the parameters that governed the success or failures of the past coal operations should be of value to the present and future mining companies. The initial coal mines were small and were started to supply local demand. These mines had little in the way of capital machinery, engineering, or transportation equipment; therefore the mining methods and mine plans were very simple. The first industrial-sized mines imported most of their management and mining methods from other mining areas, mainly Great Britain. It took time to change the bias of management and mining methods to the requirements of strata characteristics, with rapid closure to those mines that were slow to adapt working methods. The main markets for coal were for household fuel, thermal power plants and railways, with very few other industrial markets developed. The economy of the period was harsh and cyclic and the coal mines were affected more than most industries by these boom and bust periods. It led to the survival of the fittest or the most efficient. Due to the economy, mechanization was introduced to the mines very slowly, with the inability to sell coal fines at a profit being another reason for the delay. Manual labour with hand tools was the main means of production. The work was heavy and arduous, and the pay was based on contract coal tonnage; therefore both men and management paid close attention to details so that nonessential work could be eliminated. Mine openings were dimensioned so that coal could be loaded easily by hand and support requirements were kept to the minimum. Transporting and handling the timber supports required heavy labour; thus the most efficient dimensions were chosen to suit the strata. On the other hand, during the main production seasons the mines tried to make the strata stress work for them so that the pressure was kept on the coal face to keep the coal loose while the strata, a short distance back, was induced to cave to minimize the abutment stresses. This caused mining to be an art, using skills developed by experience with the strata. This led to the development of efficient mine layouts with the openings dimensioned to the strength of the strata and the type of support available. The lack of capital and mechanization, and the manual labour, induced the mines to correlate their service and haulage systems with their mining methods. This caused many innovations that proved very practical."

Jan 1, 1985

By J. A. Finch

"Much progress has been made over the last several years in the ability to measure flotation cell hydrodynamic parameters in both the laboratory and plant. These techniques have allowed fundamental research to proceed to determine the effects that frother chemistry has on the main hydrodynamic parameters (gas hold up, bubble size) as well as on the amount of froth generation and water content of froth. A research program was begun that brought together a team consisting of private companies and a University with expertise in hydrodynamic characterization (McGill), flotation reagent applications (Flottec) and chemical synthesis (Sasol N.A.) with the purpose of characterizing frother chemistries with two goals in mind: Determine which frother chemistry can provide optimized cell hydrodynamics; and, create new frother chemistries with specific hydrodynamic properties.This paper describes the key steps that were taken that led to the development of new frother chemistry for use in flotation.The first step was the characterization of the major frother chemical families in a two phase system. The parameters measured were gas hold up, bubble size, froth height and water carrying rate at different concentrations and gas velocities.Analysis of the data indicated that definite patterns existed between frother chemistry and hydrodynamics and showed that frothers could be grouped into classes. More importantly, by modifying known frothers through chemical reaction it was shown that these frothers could be moved from one class to another. As a result of this better understanding of the interdependence of hydrodynamic and chemical properties, a new frother chemistry was proposed that was predicted to perform similarly to MIBC.The new frother was synthesized and hydrodynamic testing confirmed that the chemical performed similar to MIBC. Laboratory flotation tests were conducted on two different ore types that also confirmed the similar performance of the new chemical and MIBC. Subsequently, the new product was placed on a plant for a short period of time. The results showed that the product was an excellent frother but increased the flotation rate slightly more than MIBC at the same addition rate.Further research showed that the new frother chemistry was a family of products. By changing the reaction the resultant products could be made to be slightly weaker or stronger than MIBC but that this chemistry cannot provide hydrodynamic/froth characteristics similar to strong frothers like glycols and glycol ethers. Further work is planned to conduct longer plant trials to confirm the efficacy of this new frother family."

Jan 1, 2007

By Charles Camsell

If it were necessary to preface a discussion of the mineral position of the Empire by justifying one's interest in that subject, there are two points that at once suggest themselves by way of vindication. Tremendous Growth of MINERAL Consumption The first of these points has to do with the general question of the world's mineral consumption. Most thinking persons appreciate in a more or less vague way the vital rôle that has been, and is being, played by mineral products in building up the material side of our modern civilization. But, apart from that casual and almost subconscious appreciation, very few have any precise knowledge of the extent to which the growth and the operation of our vast present-day industrial structure has been made possible by, and only by, a tremendous increase in the consumption of mineral products of all kinds. The increasing use of minerals confronts us today at almost every turn. It does not matter in what direction we look-at the expansion and the change in transportation facilities, in the air as well as on land and on sea; at the increasing mechanization, not only in factory and mill but even in our domestic life; or at the constantly widening use of machinery for all phases of farm production-everywhere we meet the same phenomena of rapidly growing uses of equipment produced mainly from minerals. Without resorting to any tiresome statistics, a few figures may suffice to indicate with what enormous strides the world's mineral consumption has been advancing. The figures for recent years may be open to objection on the plea that, ever since the outbreak of the world war, conditions have hardly been sufficiently normal to give us trustworthy data-we have been living under extremes either of depression or of abnormal stimulation. During the last decade before the war, however, from 1903 to 1913, the world was moving along in a quietly prosperous manner; and we have figures, or at least reasonably reliable estimates, as to the growth in mineral consumption during that decade.

Jan 1, 1932

By Leslie S. Weldon

THE Lake Shore mine has been developed by two vertical shafts, with level intervals at 200 feet to the 2200 level and at 125 feet below this horizon. A main cross-cut joins the two shafts on all levels to the bottom of No. 3 shaft, and opening into these cross-cuts are the ore passes and sand passes, which are completed from surface To the 4450 level. In the west part of the mine, additional connections have been made between No. 1 and No. 2 veins, through which the major part of the ore from No. 2 vein west is routed to drifts in No. 1 vein. With the lesser amount of stoping on No. 1 vein, this arrangement permits better haulage to be maintained. The ore passes are driven at 50 degrees from the ends of short cross-cuts off the main ones and are broken through to the levels above at the mouths of the short cross-cuts, to allow for dumping on each level. The passes are controlled at each level by ball-and-chain gates and deliver to crushers and thence to loading pockets, shown in Figure 1. That system is quite flexible in that it is possible to by-pass the crushers at any station and load from either shaft at a number of different pockets. The sand passes are driven from the main cross-cuts at the same inclination as, and parallel to, the ore passes. Each is equipped with a chute and dump hole, so that waste or sand fill may be loaded or dumped at each level. A transfer door, hinged on the bottom, is installed opposite the chute for by-passing fill from one level to the next, and in the closed position protects the opening at the top of the pass. The dump hole situated beside the transfer door is protected by a grizzly with 10-inch spaces. Waste rock may be withdrawn from the system through No. 3 shaft loading pocket at the 2950 level to a waste bin on surface. Levels are developed by drifts in No. 1 and No. 2 veins for their entire lengths. Subsidiary breaks are followed at a later date, when full information has been obtained by exploration, and a considerable amount of development by sub-drifts is carried out in the upper part of the mine, particularly in more or less erratic sections of No. 1 vein.

Jan 1, 1936

By Rimas Pakalnis

This paper describes a focus of work presently being conducted at the Rock Mechanics Research Group at the University of British Columbia. The underhand method under consolidated fill ensures a high recovery under an engineered back that is comprised of cemented rock fill and/or cemented paste fill. This method of mining is generally necessary either due to a weak rock mass comprising the immediate back and/or high induced back stresses. A major concern in the design of sill mats is the loading and strengths associated with the overlying sill mat. This paper reviews past practice coupled with present observations and measurements from over ten(10) mines throughout North America. It outlines areas of concern in terms of design requirements.

Apr 1, 2005

By C. A. Horne

"The transportation of mineral solids in the form of slurry is a subject most of us are associated with and, in fact, live with on a daily basis. The design parameters of slurry systems and most important the prime movers or cent¬rifugal pumps, are frequent and often controversial subjects due to the lack of practical guidelines which, if known and followed, can increase both reli¬ability and service life of the equipment.In this talk, emphasis has been placed on the practical side or rule-of-thumb approach to applications which, in turn, has been related to successful field results. The theoretical content and complex design criteria associated with actual equipment design has consequently been held to a minimum in the following discussions.I. BASIC SLURRY PUMP DESIGN CONSIDERATIONSFirst, to better understand how a centrifugal pump performs work, a basic description of the operating principles are in order.A. Operation In a pump, mechanical energy is transformed into pressure energyby virtue of the centrifugal force exerted by the rotating impeller. The liquid is discharged by centrifugal force at a velocity required to generate a given head and the volute collects the liquid so useful work can be done by the conversion of kinetic energy to pressure energy."

Jan 1, 1976

By Sibabrata Patnayak

A major problem during shovel excavation in oil sand mining is the variability of material diggability resulting in varying mechanical energy input, cycle time, energy consumption, wear, and stress loading of shovel dipper-andtooth assembly. This variability greatly influences the mining equipment performance. Different approaches such as empirical ground classification systems, analytical methods, and performance monitoring that are used to determine diggability of groundmass are reviewed. It is concluded that the existing empirical diggability classification systems are site specific and mostly based on rock and therefore, cannot be used for shovel excavation in oil sands. The O&K wedge test is a simple and useful index test for establishing correlations between cutting resistance and geotechnical properties of coal and other soft rock overburden material. But this test, when performed on small size unconfined oil sand samples, may not give reliable indication of diggability because of the boundary conditions on the specimens. Digging predictions made using analytical and laboratory digging models need to be verified with performance monitoring data to better understand the digging effort in oil sands.

Apr 1, 2005

By S. Caron, P. Radziszewski

Industrial practice in mineral processing shows that an important problem in understanding and monitoring in-mill parameters is due to the lack of fundamental knowledge and appropriate sensors. However, over the last decade, Discrete Element Method (DEM) modelling has shown an interesting potential in describing the fundamentals of grinding mill behaviour, in improving the understanding of internal grinding mill dynamics, and in developing solutions to industrial practice. With the objective of bringing this modelling technology into the concentrator control room to assist operators, this paper aims to describe the main elements needed to apply this emerging and developing technology to on-line mill performance monitoring.

Jan 1, 2004

By K. J. Griffin, G. W. Rosval

"In our increasingly competitive market, attempts to improve productivity by increasing axle loads have placed more severe demands on rails. CP Rail thus requires stronger, tougher, and more wear-resistant rails from steel manufacturers. The choice of any rail steel is always a compromise between technical and economic factors. The technical assessment of a candidate rail consists of laboratory and field testing. Laboratory evaluation of rail steels cannot adequately model many service conditions and must, therefore, be supplemented by long-term field testing. The field testing conducted on CP Rail is the subject of this paper.Long-term, in-track, assessment of candidate rail steels begins with the selection and re-laying of a test curve representative of the intended service with both the candidate rail and a control rail steel (i.e. the present intermediate or premium rail standard). The wear performance of the candidate rail is evaluated, in relation to that of the control rail, using data obtained with a rail profilometer developed by the Research and Development Department of CP Rail. Qualitative observations are also periodically made to evaluate the relative susceptibilities of the two rail types to surface defect formation. Testing continues until stable metal loss patterns are achieved. Relative life predictions are then made and detailed monitoring of the test site is discontinued.CP Rail's in-track assessment program for premium rails has resulted in the establishment of a new CP Rail premium rail standard - low-alloy, head-hardened, rails have replaced high alloy rails. The wear/fatigue lives of these new premium rails exceed those of our previous standard by more than 50%, and they also exhibit excellent weldability. CP Rail will continue to evaluate new premium and intermediate strength rail products."

Jan 1, 1988

By Graham A. Davis, Michael Samis

The dramatic fluctuation in metal and energy prices in the last few years is causing mining companies to consider alternative analytical methods for mine design and valuation. The goal is to improve insight into unforeseen changes in the economic and project environment and to design projects that take advantage of management's ability to respond to these changes. Such flexibly managed projects will contain value that cannot be measured using traditional engineering economic approaches, further motivating the used of alternative, modern valuation methods. This paper considers the valuation of an uneconomic low-grade resource at an open pit gold mine using two of the most popular modern valuation methods, Dynamic Discounted Cash Flow and Real Options. Our analysis demonstrates that the conventional valuation method may incorrectly represent the value and risk attached to mining this type of resource because it is unable to recognize management's ability to respond to future events in a manner that minimizes losses and exploits advantageous business conditions. The results of this paper highlight the importance of recognizing flexibility and business uncertainty in both mine design and valuation.

Jan 1, 2003

By D. M. Morrison

"The most important factor in Canadian mining is not the operating cost of current projects but the availability of capital for future projects. The future of mining at depth will be producing ore from the top of the orebody working downward with very effective, tightly controlled mining methods, i.e. either selective mining or bulk mining with well controlled dilution and fragmentation. The key characteristics of future mines will be smaller access excavations, more effective ground support, very precise blasting techniques and more efficient and reliable materials handling systems. Equipment will be smaller and designed for high efficiency and low maintenance, reducing both the capital and operating cost. This means there will be fewer scoops, more continuous mucking machines and conveyor belts, both lateral and vertical.Orepass failures have become accepted and the resultant redevelopment and retramming has become common. The capital investment in so-called permanent ore passes and crusher stations becomes questionable, particularly when crushers are only necessary for less than 10% of the ore going through the system. The best way to solve the chronic instability of ore passes is, as with all of the stability problems at depth, by reducing the excavation size rather than increasing ground support. Smaller access drifts would reduce the capital cost and increase the rate of development as well as reduce the amount of waste to be handled, reducing the ground support and the ventilation requirements. Large drifts and ore passes are essential only for the equipment needed to handle large pieces of ore and the productivity of scoops is very expensive when the requirements for ventilation and large access drifts are taken into account. The key issue is the fragmentation generated by primary blasting.The future of mining in Canada will depend on simple and robust technology geared to the environment in which it will have to operate. Its survival will depend on some-thing much more fundamental and difficult to accomplish than a technological advance — it will require a dramatic change in the way the mining process is managed, how work is organized, how effort is rewarded and how costs are measured — a complete change in mind-set."

Jan 1, 1996

By T. Peters, W. C. Ferguson

"Shebandowan is about 600 miles west of Sudbury and 50 miles west of Thunderbay close to the trans Canada highway. Shebandowan Lake is about 38 miles long. The ore body is located between No. 1 and No. 2 shafts at the lower end of the lake. The economic mineralization lies between 200 and 2000 feet below. Years ago development of this ore body would probably have entailed draining the lake and using the open pit method to mine the ore.The water of Gold Creek which flows into Lake Shebandowan is representative of all local waters and is very close to rain water in purity. It is obvious that any industrial water discharged would have a measurable impact on the local water. The dissolved solids content is low and consistent with what is normally found in northern Ontario.A Koepe headframe is the only visible evidence of the mine from the lake. The Koepe headframe is esthetically pleasing and quiet in operation. The structure is of concrete to control noise. Noise from ore dumping is controlled by dumping underground to an ore pocket 400 feet below the surface. A 3600 foot conveyor belt carries the ore underground to the mill and is out of sight of the lake and the cottagers. The main objective to all our environmental efforts has been to preserve the natural beauty of the region. The mill is housed in a conventional metal-clad-siding building painted in esthetically pleasing colours. A single service building houses warehouse, dry storage and offices. The area surrounding the mill and service building is paved or grassed and drainage from this area is collected and pumped to the tailings area. Air intake silencers are installed on the compressors which are mounted at the back of the mill. Sound measurements taken on the lake indicate that noise suppression is excellent."

Jan 1, 1975