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By Herbert D. Drechsler, James B. Stephenson

"AbstractThe paper identifies the major components of price change which affect the determination of the internal rate of return of a mining project. It illustrates several price indexes which may be used to measure general price increases, identifying techniques which might incorporate them into mine valuation procedures. The ""hurdle rate"" for new investment is discussed.IntroductionDECISIONS regarding the value of an orebody and whether or when to mine an orebody are based on an estimate of the cash flows which would be associated with its exploitation. These pro-forma cash flows represent cash in or out of a possible mineable deposit and include exploration and construction costs, sales revenues, operating expenses, taxes, debt borrowings, interest and debt repayment. It has long been recognized that when combining the cash flows occurring over the life of the mine, dollars received or paid out early have greater value than those received or paid out later. This time value of money has been incorporated into mine evaluation calculations through the use of present-value or discounting techniques. Another factor affecting mine valuation, inflation, is not accounted for by valuation techniques now in use. In recent years, price changes have become more volatile. In the past, price change could easily be ignored when evaluating potential mines. Today, the combination of larger investments and greater price volatility leads to great concern about the effects of price change on mine valuation."

Jan 1, 1977

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 E. W. Vekris

Patents are playing an increasingly important role in the business world. A diverse patent portfolio can enable a company to secure a monopoly within the market, which can provide a competitive advantage over competitors. At the same time, possessing a diverse patent portfolio greatly increases the value of a company's intangible assets. This paper provides an overview of the patenting process as it pertains to the fields of metallurgy and mining, and summarizes some general patenting strategies. A review of new "green technology" initiatives recently adopted by Patent Offices around the world is also provided.

Jan 1, 2011

By P. E. Cavanagh

Introduction A comprehensive study of the economics of processes for smelting iron ores has been made by the Ontario Research Foundation on behalf of the Ontario Research Commission. This survey has included investigations of all processes in commercial use, and proposed processes which are still in the experimental stage. The two main objects of this work were to discover (l) whether any known processes would be particularly suited to present and future Canadian conditions, and (2) whether any new process would be of assistance in solving the present scrap shortage in Canada. The future prospects of the Canadian iron smelting industry have changed radically in the past ten years. For nearly twenty years before 1939 no iron ore was mined in Canada. The ore used was imported, mainly from the United States and Newfoundland. The economics of iron blast-furnace smelting always force the location of blast furnaces near the source of coal for making high-grade metallurgical coke, and near the market for iron and steel, rather than near the iron ore. Blast-furnace installations in Canada are confined to the north shores of the Great Lakes with ready access to United States coal and ore and the major Canadian markets, and to Nova Scotia near the coalfields of that Province. This distribution of primary smelting capacity naturally results in relatively high prices for iron and steel in the West, the North, and in Quebec.

Jan 1, 1948

By R. C. Tait

The gold at Giant Yellowknife is intimately associated with a complex mixture of sulphides, including pyrite, arsenopyrite, stibnite, and a wide variety of antimony sulpho-salts. Direct cyanidation has never been feasible. Recovery is almost entirely dependent upon flotation, roasting of flotation concentrate, and cyanidation of calcine. In November 1958, an Edwards-type roaster and an early prototype, two stage Fluosolids roaster, were replaced by a large two-stage Fluosolids roaster of improved design. The new roaster was started at "safe" medium temperatures, but early in 1959, temperatures in both stages were gradually and deliberately lowered to determine whether continuous autogenous roasting could be maintained under exacting low temperature conditions necessary for good extraction. Operation is smooth and continuous with first and second stage temperatures controlled at 925° and 875°F respectively. Plant cyanide ex-traction compares very favourably with extraction from low

Jan 1, 1961

By F. T. Rabbitts

Introduction When the investigation of radioactive ores began at the Mines Branch about five years ago it was at once evident that improved chemical methods for the determination of uranium were essential. The published methods available were time-consuming and insensitive and were lacking in accuracy and precision. It was desirable to obtain methods which would be rapid, sensitive, and accurate. They should also allow for the possible presence of any interfering elements and should be adaptable to routine analysis by technicians. Chemical methods are necessary to provide standard analysed samples for counting and to check analyses by counter methods. Moreover, counter methods cannot be used, and only chemical methods are suitable, when the sample is not in equilibrium, as with weathered minerals and leach residues. As leaching processes are improved, more sensitive chemical methods are required for the increasingly lower content of uranium in the leached residues. When the leaching process reaches the plant stage, speed of analysis becomes more important, without sacrificing accuracy. The purpose of this paper is to describe briefly .the methods used at the Mines Branch for the chemical analysis of uranium in ores. These methods represent the results of investigations by a number of groups in the United Kingdom, the United States, and Canada.

Jan 1, 1952

By K. Barbetti

"The carbon-in-pulp (CIP) process has been the dominant gold recovery process since the early 1980s. CIP has proven to be very adaptable for a wide range of ores and circuit configurations. The key performance indicator for CIP circuits is the minimisation of soluble gold losses to tailings, however, it is also important to operate the circuit efficiently (maximising gold loadings on carbon and minimising carbon inventory). Over the last 30 years the Curtin Gold Technology Group has studied CIP circuits as part of an on-going collaborative industry funded project (the AMIRA Gold Processing Technology Project). In the early years the project undertook basic research into understanding activated carbon, and its management in the circuit. More recently the development of process models and instrumentation has provided additional tools to assist operators. The results show that while most CIP circuits operate well, there are still significant opportunities for further cost savings, or additional revenue. This paper reviews the observations arising from this work, including key requirements for good carbon management, the results of benchmarking and industry surveys of carbon circuit over 20 years, the value of process modelling of CIP circuits to establish operating parameters, and the use of automated instrumentation to better optimise carbon control in the circuit.INTRODUCTION The introduction of activated carbon to recover gold from cyanide leach solutions in the last quarter of the 20th century was the most significant development in gold ore processing since the advent of cyanidation seventy years before. Replacing the Merrill–Crowe zinc cementation step with carbon-in-pulp (CIP) or carbon-in-leach (CIL) circuits provided a process that allowed the treatment of lower grade and problematic ores (e.g. high-clay ores), at lower capital and operating costs, and higher metal recoveries. The CIP circuit was first developed in the 1950s at the Carlton Mill, Cripple Creek, Colorado. All the components of the modern CIP process came to fruition at the Homestake Mine in South Dakota in 1973 (Fast, 1988). From the late 1970s onward a variation of CIP, carbon-in-leach (CIL) which combined the leach and adsorption stages, became the preferred circuit design in most parts of the word."

Jan 1, 2017

By T. L. McCall

A short description of mining practice in the Sydney coal field in general is followed by a discussion of the operations in the No. 12 colliery of the Dominion Coal Company, Limited, as being typical of the trend in operating methods obtaining throughout the field. Development of longwall mining to the present system of three walls in line is outlined, together with a summary of the cycle of operations involved in systematic operation.

Jan 1, 1944

By T. H. Janes

THE POSSIBILITY of producing pig iron from iron ores of British Columbia for a west coast primary iron and steel industry has been investigated by the provincial government and by commercial interests on sever.al -occasions. The latest study is that currently under way by The Consolidated Mining and Smelting Company of Canada, Limited. The Company is studying the possibility of making pig iron from the oxide calcine resulting from the roasting of pyrrhotite. tailings used in making sulphuric acid for fertilizer production at Kimberley. A comprehensive report on the subject .of establishing a primary iron and steel works in the Province, based on local iron ores, was prepared by Arthur G. Mc-Kee and Company of Cleveland, Ohio, in 1942 for the B.C. Minister of Mines and is available to interested parties. A detailed survey on the subject was also pre-pared in 1954 by Dr. G. P. Con-tractor, then .of the British Columbia Research Council. Considerable information is there-fore available on most aspects of an integrated primary iron and steel industry in British Columbia to supply the needs of the western provinces. To date, however, no basic iron industry has been established despite the .occurrence of high-grade iron ore deposits on the offshore islands and the high freight charges on iron and steel products brought into the area from Eastern Canada and overseas producers. The chief deterrent has always been the relatively small and highly diversified market available to a local steel producer. Other major fact-ors have been the lack of sufficient proven reserves of iron ore, and the difficulty of making pig iron, suit-able for steel manufacture, economically on a small scale. Technical and economic conditions have changed considerably since World War II and the establishment of a primary industry based on electric furnace production of pig iron or on one of the direct reduction processes, coupled with electric furnace steel production, may now be economically feasible.

Jan 1, 1958

By Oliver Hall

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

Jan 1, 1937

By E. Özberk

Uranium minerals are often associated with iron minerals, and during the hydrometallurgical processing of the uranium ores, iron plays several significant roles. The presence of Fe(III) in solution promotes the oxidative acid leaching for the recovery of uranium. The control of the distribution of impurities in milling and refining is also affected by dissolved iron. When rejected from the process streams, iron usually collects other impurities and contributes to the stabilization of the wastes for final disposal. These roles of iron, as they relate to current uranium processing operations, are discussed in detail, and some broad and historical perspectives are also presented.

Jan 1, 2006

By R. J. C. MacDonald

"The first recorded discovery of placer gold in Canada was on the Chaudiere River in Quebec's eastern townships in 1832 and the first major production came from placer deposits in British Columbia in 1858 (Verity 1974). Placer deposits were the major source of gold until the late 1890's, although lode deposits were found in Nova Scotia in 1862. In 1896 the Klondike Gold Rush commenced with the discovery of gold by Henderson and Carmack in the Yukon. The peak was reached in 1900 when over one million ounces of gold valued at approximately $22.3 million were recovered. With the exhaustion of the easily accessible deposits, more capital intensive operations were necessary such as those initiated in 1906 by the Yukon Gold Corporation. This giant dredging operation continued to produce until 1966. Today only a few small operations remain.The development of Canadian lode gold mining began in earnest around 1900 when the railroads were opening up the interior and western part of the country. At this time many discoveries occurred, particularly where mineral outcroppings were near surface. Tremendous impetus for exploration and the reopening of former producers followed the elimination of the gold standard by Great Britain around 1931, and more importantly the United States in 1933, with subsequent stabilization of the price of gold at $35 per ounce in 1934. Prior to this the price of gold was basically unchanged since 1717, approximately, $20 per ounce (Verity, 1974; Green, 1973).The depression of the 1930s adversely affected most industries, however for the gold producers it was a very profitable time. Prices of materials and equipment declined and labour was cheap and plentiful. Interest in gold mining was further stimulated in 1936 when a three year tax exemption was declared for all new metal mines. In 1938 a decline in the value of the Canadian dollar relative to the U.S. dollar benefitted the industry. The second world war provided yet again further incentive for gold production and in 1941 Canadian gold production reached a high of approximately 5.4 million ounces. This figure was not surpassed until 1991 when approximately 5.6 million ounces were produced (Natural Resources Canada, 1996 )."

Jan 1, 1998

By J. C. Murray

Introductory: In dealing with a topic so large, one that involves such a multiplicity of details, and that also has certain controversial aspects, it is quite impracticable within the limits of this article to touch upon many most interesting phases and incidents. Also, to bring out the actual truth, it is necessary to make certain categorical statements. The writer believes that all such statements made here-under are supported by facts. Again, however, it is out of the question to cite all the proof. The writer, therefore, will gladly answer any pertinent criticisms or questions and thus supplement the unavoidable brevity of this paper. Controversial points will take care of themselves. Historical: For present purposes the history of gold mining in Nova Scotia may best be summed up in a very few paragraphs, in some of which the writer quotes freely from recent reports compiled by himself. The first material discovery of gold was made in the year 1860. As this and rapidly succeeding discoveries were looked upon as bonanzas, the claims were fixed at a size of 20 by 50 feet, and a yearly rental of $20 was charged. Later the claims (areas) were increased in size to 50 by 150 feet. In the year 1866 a temporarily successful company, so we are informed by a contemporary writer, owned a mill and mining plant worth $6,000. As this fact is cited with admiration, it is apparent that most of the mining and milling must have been done in a very primitive manner indeed.

Jan 1, 1926

By A. Ignatieff

"Excavation, the principal mining process, 'which hitherto has been based largely on the intuition and logic of mining men, is increasingly receiving the attention of engineers and scientists versed in rock mechanics. The paper intro-duce the principles of this science in simplified form, directed both to underground and open-pit mining. Reference is made to the large annual tonnage from ore and rock excavations, which in 1967 were responsible for 250 million tons of mineral production in Canada.The urge to transform excavation into a continuous instead of an interrupted process is discussed with references to the various types of energies employed or proposed in rock breakage or excavation. Due to the rapid decay of applied energy in the discontinuous and heterogeneous rock environment, large confined blasts proposed for in-situ mining do not give much expectation of success as yet. Raises and ventilating shafts are already bored in reasonably hard rock. Tunnelling machines will be used for drifting and cross-cutting in the future, but continuous mining machines of the cuttmg and shearing type are not 'around the corner' for stoping typical orebodies. On the other hand, bed mining, particularly of coal, has led the way in continuous mining, and Remotely Operated Long-wall Face (ROLF) experiments are progressing in an encouraging way. Some reflections on the mining environment in relation to the human element are made."

Jan 1, 1970

By J. W. Craig

THERE are, broadly speaking, three classes of refractories: acid, basic, and neutral. Fireclay, diaspore, silica, and the sillimanite group of minerals are included in the acid class, which for the most part are not very resistant to basic slags. The neutra! class includes chrome, graphite, and silicon carbide, while most important in the basic class are magnesite and dolomite. Although chrome is a neutral refractory, it has no sharp distinction from magnesitic refractoriness. The two are mineralogically (1) and chemically related, and there is available on the market a complete range of brick from straight chrome to straight magnesite. In many indus trial applications, one. type may be replaced by another. The present paper is confined entirely to such refractories. The following types of basic and neutra! brick, each sold under sorne special trade name, are available for use in Canada: (1) Burned chrome from crude ores (2) Burned chrome from treated ores (3) Chemically bonded (unburned) chrome-magnesite ( 4) Burned chrome-magnesite (5) Chemically bonded ( unburned) magnesite-chrome (6) Chemically bonded (unburned) high-iron magnesite (7) Burned high-iron magnesite (Regular) (8) Burned low-iron magnesite (9) Burned olivine-magnesite (10) Burned magnesitic dolomite-chrome (Magnecon) (11) Chemically bonded magnesitic dolomite-chrome (Magmecom) (12) Dolomitic brick

Jan 1, 1936

By D. S. Case

"Following a brief explanation of the land arrangements under the Alaska Native Claims Settlement Act, this paper will examine both a mineral exploration agreement and a mining development agreement negotiated between two large mining companies and two different Alaska Native institutions. One of the institutions is a village corporation involved with an exploration agreement and the other is one of the Alaska Native regional corporations, which is party to a mining and development agreement with Cominco Alaska for the development of the Red Dog lead and zinc mine.Special attention will be given to the factors to be considered when dealing with small aboriginal owners with few resources in the context of an exploration agreement, including development issues which must be considered early in the process. The paper will also discuss the unique royalty and taxation structures developed for the Red Dog Mine Agreement as well as environmental issues. The paper will also consider the ways in which the cultural and differing economic interests of an aboriginal owner and a large mining company have been accommodated in the both the exploration and development agreements"

Jan 1, 1998

By C. E. Baltzer

This paper highlights the position of coal supply in regard to the requirements for electric-utility operations. The text and the appended tables outline the trend of thermal power development and fuel use in the electric-utility industry. Mention is made of several argumentative factors influencing the use of coal in relation to competitive oil and gas, and of the importance attached to developing a realistic understanding of the respective problems faced by the supplier and consumer of coal. * * * TREND OF" THERMAL POWER DEVELOPMENT T HE RATE OF ADVANCE in thermal power has been significant during recent years, particularly in the Atlantic Provinces, the Prairie Provinces, Ontario, and British Columbia. While dependence on thermal power in Quebec and the Northern Territories is less than in the remainder of Canada, these regions also eventually will have need for increased amounts of such power.

Jan 1, 1961

By A. P. Paiva

The solvent extraction properties exhibited by some /V,N'-tetrasubstituted malonamides to efficiently and selectively recover iron(III) from concentrated chloride leaching solutions can be found in the recent literature. The iron(III) extractive chemistry exhibited by some of these derivatives is revisited, in order to compare their chemistry with that shown by a few of the new malonamide compounds. The generally good extraction efficiency towards Fe(III), from >4 M hydrochloric acid solutions, and the relative ease of Fe(III) stripping by distilled water are remarkable findings that are confirmed for the malonamide derivatives described in this work. Furthermore, additional data regarding their selectivity towards Fe(III) extraction over several base metal ions and their behavior when subjected to successive Fe(III) extraction-stripping tests are also presented and discussed.

Jan 1, 2006

By G. B. Harris

In recent years, increasing attention has been focused on the hydrometallurgical treatment of base metals feeds, especially nickel laterites and polymetallic sulphides. One approach that has received some attention is the use of high?concentration chloride solutions (brines), which are now showing some promise after initial setbacks. Iron is usually the major component in the base metal feed to such processes, and if physical means cannot be used to remove it, then the iron concentration in the pregnant leach solution is always significant. This paper presents some of the background theory on the hydrolysis of iron in high-strength (>3M) chloride brines, and discusses the roles of temperature, solution concentration and free acidity. It is shown that the system is complex, but that crystalline and readily-filterable hematite can be generated, and that the system has a low energy requirement.

Jan 1, 2006

By B. Arlyuk

On the basis of research of relations among the market participants the analytical model has been created which connects the price of industrial good at stock exchange with volume of sales and the stock of the sellers and buyers, Also a model was developed for assessment of these parameters of the market status by the actually fixed stock exchange and general market indicators. The composition of these models made it possible to create reliable system of short-term price forecasting for commodities or base metals up to one quarter ahead. Imperfectability of creation a model for reliable price forecasting by purely statistic methods (by the "black box" principle) was shown. A model of price behavior qualitative forecasting till one quarter ahead has been developed, which determines the probability of reaching in future of the given level as well as of the price maximums and minimums, Optimal values of threshold probability were determined for forecasting the future price maximums and minimums securing the maximum profit from the forecasting system application for commercial activity. The developed system of forecasting was identified for primary aluminium at the period of 1990-2003. The system was tested daily during 20 months period for speculations on 3M primary aluminium forwards at London Metal Exchange with high commercial result.

Jan 1, 2004