Search Documents

By R. H. Duthie

As at any other mine in Canada, grade control procedures are used at Steep Rock Iron Mines (1) in order to ensure that concentrator and pellet-plant operator s have a uniform feed so that they can manufacture a pellet to suit buyers' specifications and (2) to maximize ore recovery so that as little as possible finds its way to the waste dump or is downgraded by contamination. At Steep Rock, material grading 40% to 66 % Fe is considered ore. The ore may contain up to 10% sulphur. These ranges create six different stock pile types, with the possibility of more if large concentrations of arsenic are encountered. Although grading and mining techniques used to accomplish these ends are fairly standard, there is an appreciation and willingness by hourly and staff pit personnel to make grade control effective. This produces vertical and horizontal communication, which is necessary for success in this field. At Steep Rock, the waste-to-ore ratio is greater than at any other iron ore mine in Canada. Also, a high percentage of the ore mined is direct pellet feed. For these reasons, .grade control is very important.

Jan 1, 1977

By G M. Young

IT IS most appropriate that this first Memorial Lecture should be given in the Province of Quebec, near the site of the first metallurgical industry in Canada. At La Forge, about seven miles north of Three Rivers, iron was produced in 1783. We are told that the early settlers obtained most of their iron-ware -stoves, kettles, axes and ploughshares -from this smelter, with its foundry and forge. The Canadian copper industry also had its beginnings in Quebec when, nearly 100 years later, in the 1880's, several small copper smelters were erected in the Eastern Townships. Later, in 1899, Canada's first aluminum smelter was built at Shawinigan. From these small beginnings has grown a vast metals industry, the export value of its products being only exceeded by that of our forest products -newsprint, pulp-wood and lumber. As we are not a large country in terms of population, our domestic capacity to consume is often small in relation to our developed capacity to produce.

Jan 1, 1963

By J. F. MacGregor, M. Hou, D. Hodouin

"RésuméDe nouvelles méthodes efficaces sont maintenant devenues nécessaires pour traiter les quantités massives de données en temps-réel que collectent les ordinateurs industriels modemes. Les méthodes statistiques multi variables comme l'analyse en composantes principales et la projection sur des structures latentes sont des méthodes analytiques bien adaptées aux données industrielles bruitées et mal conditionnées. L'efficacité de ces méthodes est illustrée sur des données historiques collectées dans une usine de broyage et de flottation. Trois cent cinquante observations de quarante quatre variables de procède ont été utilisées pour démontrer les aptitudes de ces méthodes pour l'analyse préliminaire de données, la classification des régimes opératoires, le contrôle de qualité et la modélisation empirique des precedes.AbstractBecause of the availability of powerful industrial computers which collect huge amounts of real-time data in mineral processing plants, there is a need for efficient methods to extract relevant information from them. Multivariate statistical techniques, such as principal components analysis (PCA) and projection to latent structures (PLS), are well suited to analyze these large sets of noisy and ill-conditioned data. The power of PCA and PLS is illustrated on historical data from a grinding and flotation plant. Three hundred and fifty observations of forty-four process variables are used to show the capacity of these techniques for preliminary data analysis, classification of operating regimes, process monitoring, and process empirical modelling."

Jan 1, 1993

By W. A. Gow

"In January of 1964, a group known as the Canadian Gold Metallurgists was formed with the backing of the managers of most Canadian gold mining operations. This organization is composed of about thirty mill superintendents of Canadian gold milling operations where the cyanidation process is in use, and one member from the staff of the Mines Branch, Department of Energy, Mines and Re-sources, Ottawa. The aim of this group is to bring together gold mill operators, and research and development people from both industry and government for the purpose of discus-sing common metallurgical problems, and deciding on what operational R and D efforts can be made to help solve these problems. Since the conception of this organization, this approach taken by the gold industry to the study of metallurgical problems has resulted in benefits to all operators, both by assisting them with problems peculiar to their own individual operations and by providing developments of general interest to the industry.This paper describes events leading up to the formation of the Canadian Gold Metallurgists, and how the group has operated since its formation. Examples of progress made toward the group's objectives are given, and possible future programs are discussed."

Jan 1, 1968

By Donald E. Archibald, Gerald A. Allcott

"Noranda's Heath Steele Mine is located 35 miles north of Newcastle in northern New Brunswick. Blasthole open stoping with partial delayed filling is the major mining method in use. The selection of stope and pillar dimensions to ensure mine stability was originally subjective. This paper describes the progress made in attempting to rationalize design.One major feature is the fracture pattern. The main orebody now being mined, the B zone, has undergone five periods of folding and each period of folding developed a family of fracture planes which are axial planar to that particular fold pattern.The other major features considered are the calculated increase in stress due to mining and depth and its relationship to measured strain. Experience has shown that ground problems affecting production have usually originated in rib pillars. Field observations of ground deterioration and multi-wire extensometer measurements of strain are tabulated together chronologically for each pillar.A factor representing stress and a common plane of weakness are identified. Graphical analysis is used to determine the effect of the plane of weakness on a typical stress/strain curve and provides a base for the design of pillars."

Jan 1, 1981

"In an environment of rising energy prices and mining at greater depths, cost-efficient loading and hauling equipment is essential. Conducted at an underground mining operation, this study analyzes the energy consumption and gas emissions of diesel and electric load-haul-dump machines (LHDs) with similar bucket capacities. Based on energy prices from the first quarter of 2014, results of discrete event simulation show that energy costs for diesel and electric LHDs are US$0.24/t and US$0.07/t, respectively. Also, diesel LHDs emit 2.68 kg CO2 per litre of diesel fuel, whereas using electric machines reduces the need for ventilation to mitigate engine heat and emissions and reduces energy costs.RÉSUMÉ Dans un contexte de croissance des prix de l’énergie et d’exploitation minière à des profondeurs de plus en plus grandes, il est essentiel d’avoir des équipements de chargement et de transport les plus rentables possible. La présente étude, effectuée dans une mine souterraine, analyse la consommation énergétique et les émissions de gaz de chargeuses-navettes (LHD) au diésel et à l’électricité ayant des capacités de godet similaires. En se basant sur les prix courants de l’énergie, les résultats d’une simulation d’événements discrets montrent que les coûts énergétiques pour les LHD au diésel et à l’électricité sont respectivement de 0,24 $US/t et de 0,07 $US/t. De plus, les LHD au diésel émettent 2,68 kg CO2 par litre de combustible diésel alors que les machines utilisant l’électricité réduisent le besoin de ventilation pour atténuer la chaleur des moteurs et les émissions en plus de réduire les coûts énergétiques."

Jan 1, 2015

By T H. Clark, R P. Doig, V. A. Saull, R B. Butler

Terrestrial heat flow has been determined for four boreholes in the Montreal area. The mean value of the results (uncorrected for glacial effects) is 0.790 ± 0.053 x 10-6 cal/ cm2/sec (95 per cent confidence limits). Thermal gradients were determined using a thermistor probe and d-c bridge, and also by a new method using a probe-contained phase-shift oscillator, the output frequency of the oscillator being a function of probe temperature. Thermal conductivity determinations were made on core from the boreholes, using a divided bar apparatus. INTRODUCTION T HIS paper concerns the terrestrial heat flow in the St. Lawrence lowland of Quebec, as determined from measurements on four of the numerous boreholes drilled in this region for gas and oil. The work has been supported by Geological Survey of Canada Re-search Grant 3-58, awarded to T. H. Clark and V. A. Saull. This sup-port is hereby gratefully acknowledged.

Jan 1, 1962

By B. C. Jago, H. Derbuch

"The Freightrain kimberlite is located on the Brodeur Peninsula, Baffin Island, Nunavut. Twin Mining is exploring the pipe and adjacent land (79 claims/655 km2) using a combination of airborne geophysics, soil sampling, diamond drilling, trenching and bulk sample processing. The pipe originally was discovered by Cominco Limited in 1975, re-evaluated in 1993 by Lumina Investment Corporation, when it was staked as the Zulu pipe, and subsequently covered by three claims in 1998 by Helix Resources who called it Freightrain.The Freightrain pipe coincides with a strong, ovoid-shaped aeromagnetic anomaly. It is the only surface exposure of kimberlite within a 30 km long linear trend of fourteen aeromagnetic anomalies that are up to 600 m in diameter.The pipe is exposed in the crater facies, near the transition into diatreme facies as indicated by the occurrence of pyroclastic kimberlite characterized by abundant olivine macrocrysts, juvenile lapilli and kimberlite autoliths set in a serpentine-calcite matrix. Olivine, Cr-pyrope garnet and chromite are the most abundant macrocrysts; clinopyroxene, ilmenite and phlogopite mica occur in minor to trace amounts. Garnet and chromite harzburgite, garnet lherzolite, garnet-spinel lherzolite and rare eclogite dominate the xenolith population.Garnet and chromite mineral chemistry indicate encouraging diamond prospectivity and that potentially diamondiferous garnet and chromite harzburgite were the principal sources of diamond in the mantle at the time of kimberlite eruption.Single clinopyroxene grains define an ~42 mW/m2 sub-continental geotherm that is rooted in the diamond stability field. This compares to a slightly hotter geotherm (~48 mW/m2) for adjacent Somerset Island kimberlites with an origin in the graphite stability field. This data accords with the general lack of sub-calcic Cr-pyrope garnet, diamond inclusion chromite and diamond in Somerset Island kimberlites."

Jan 1, 2002

By R. D. Parker

Location The Frood ore-body is expressed on surface as a prominent gossan ridge, with a total length of approximately two miles. The original Frood (the old No. 3 mine of the Canadian Copper Company) is at the southwest end of this gossan; adjoining it on the northeast is the Frood Extension (until 1929 the property of i:he Mond Nickel Company), while at the extreme northeast end is the Stobie mine. The first two of these divisions of the ridge form the Frood mine as it is known today.? This lies in lots 6 and 7 of the sixth concession, township of McKim, and is two and a half miles north of the city of Sudbury. The general elevation is 1,000 feet above sea level. The Ore-Body The Frood-Stobie parallel offset(l), as its name implies, has no connection in the field with the main mass of the Sudbury nickel eruptive-a norite. It lies one mile to the southeast of that body, and, in general, parallels it in strike. The ore occurs as a more or less tabular structure in what is known locally as the Sudbury series. They are the oldest rocks of the district, and have been placed by Collins(2) as earlier than the lower Huronian, of pre-Cambrian time. The series is comprised of sediments, volcanics (both acid and basic flows), tuffs, agglomerates, breccias, and basic intrusives, all highly metamorphosed, yet all forming a more or less regular picture. The controlling feature of the area has been the attitude of the sedimentary strata, from which has arisen the present sill-like character of the flow rocks, the basic intrusives, and the ore-body itself.

Jan 1, 1932

By E. M. De Souza, A. M. Coode

"When Canadian potash was brought into production in the 1960s substantial research was carried out to develop the technology needed to cope with the unique conditions in Saskatchewan mines. The intense research has established Saskatchewan's position as a leader in production technology on a world scale, and as a leader in setting international standards for potash production. The industry is now more than two decades old and, although the mines operate efficiently, there are a number oj prominent areas of concern. High among these is the prediction, prevention and control of sodium rich brine inflows. Control has proven difficult or elusive in the potash mining horizon, but work continues in this area. Control of brine in the superincumbent limestone formation has proven to be easier and more conclusive.The first part of this paper describes the rehabiltation, diamond drilling, and grouting completed at Central Canada Potash, which reduced the brine inflow from approximately 82 l/min . at the beginning of the work to O.9/1min. when the backfilling was placed.The second part of the paper describes the rationale for choosing the rock mechanical instrumentation, the reasons for their placement and the rock mechanical data recorded with some interpretation.IntroductionCentral Canada Potash is located approximately76 km southeast of Saskatoon, near the Yellowhead Highway. The commercial production of potash at CCP started at the end of 1969 at a depth of 1021m below surface. The potash zone, which is presently mined, is approximately 3.35 m thick . Stress relief methods using yielding pillars are used in the design of the mining layouts. The planned extraction ratio averages 35070 . The mine is designed to produce approximately 3.3 million tonnes of sylvinite per year to give approximately 1.3 million tonnes of finished product (muriate of potassium) per year."

Jan 1, 1990

By K. H. Kretzschmar, M. A. Smith

A brief review of the rapid growth of ACT in Western Canada is presented. It is remarked that this rap-id growth has been accompanied by a heterogeneous approach to design. A more rational and consistent approach is suggested, together with the assumptions on which this approach is based. The operating history of some existing installations is discussed briefly, and conditions necessary for the continued growth of ACT are outlined.

Jan 1, 1960

By G. Beckstead, L. F. Sawatsky, R. Nutbrown, D. Long, G. Gould

"This paper presents a case study for optimizing water management at Gregg River Coal Mine located near Hinton, Alberta. The optimization study was derived based on a review and assessment of existing management practices and plans for future operation and final reclamation. A proactive water management strategy was developed to assist mine staff in adopting a rational, environmentally sound, and economical approach to water management. A plan was developed to provide for safe operation, self-sustaining operation, low maintenance, minimum negative environmental impacts, and anticipation of future needs for existing and future operations. A plan for final reclamation drainage was developed including establishment of effective, sustainable, and maintenance-free water management systems. The study demonstrated the importance and benefits of a proactive approach for integrated mine water management. This approach is recommended for other similar mine operations because it will improve environmental compliance and reduce costs of water management. IntroductionGregg River Resources Ltd. (GRRL) operates an open pit coal mine on the eastern slopes of the Rocky Mountains, located about 45 km south of Hinton, Alberta. GRRL opened the mine in 1982 and expects to continue operations after Year 2000. GRRL has progressively reclaimed the disturbed area and expects to complete mine-land reclamation shortly after mining in the area is complete. The existing disturbed area and reclaimed area covers approximately 9.5 km2 and will expand to about 10.5 km2 upon mine closure.Like other coal mines in the mountainous areas of Alberta and British Columbia, the GRRL coal mine is subject to highly variable temperatures and moisture conditions. Average monthly precipitation varies from a low of 12.6 mm in January to a high of 113.0 mm in August, based on the precipitation record at the mine site since 1982. Despite the relatively high rainfall during the spring and summer months, excess water problems during rainfall events are quickly replaced by water deficit conditions during periodic droughts. Surface runoff varies from near zero in the winter to a mean annual monthly maximum of 78 mm during the month of June. The mean annual surface water yield is 345 mm."

Jan 1, 1997

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

"Abstract -The East Bull Lake gabbro-anorthosite intrusion is one of several Early Proterozoic layered matie 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, dendritic­ pegmatitic matie pods, inclusion-rich zones (pyroxenite, anorthosite and granitic inclusions) and mag­ matie breccias. Disseminated chalcopyrite, pyrrhotite and pentlandite occur in concentrations of up to lOOJo 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 af­ fected 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. Severa! factors, including source characteristics, magmatic processes (crustal assimilation, fractional crystallization) and post-magmatic inter­ action 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 Com­ plex, U.S.A.) in terrns 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 economie 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 marginal­ type 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 P. Lafleur

All indications point to a growing market for thermal coal in Japan as part of the country's current energy policy formulation process. The Ministry of International Trade and Industry forecasts imports of 16 million tons a year in 1985 and 40 million tons in 1990-a twenty-fold and forty-fold increase over the present level. This potential reflects Japan's over-all serious and increasing concern for security of energy supplies and its resultant need to seek alternative sources. Nuclear power will be the main alternative source, but, because it is expected that its development will be slow, imported thermal coal will assume greater importance. Canada, with large resources of all types of coal, could fill a portion of this market. Thermal coal could come from specific thermal coal developments or from metallurgical coal mines, which usually produce a certain amount of coal not amenable to coking, but suitable for power purposes. However, penetration of this Japanese market by Canadian thermal coal will depend on the resolution of a number of problems. On the demand side, siting, environmental aspects, the need for a coal unloading and trans-shipment centre, and the added cost of installing coal-fired stations could be major constraints. Although Canada has ample high-quality resources, any new development tied to the Japanese market will require improvement in prices to cover the high costs associated with transportation, the construction of new mines and the provision of new infrastructure.

Jan 1, 1979

By B. Dubé, R. Friedman, J. Oliver, R. Aubertin, M. Burson, G. Panneton, M. Hamilton, J. Ayer

"Abstract — The Detour Lake gold deposit is located within the northwestern limit of the Archean Abitibi Subprovince of the Superior Province. Mineralized zones are hosted by a sequence of pillowed and massive flows, hyaloclastite units, and altered ultramafic rocks, and are commonly oriented parallel to a series of high-strain zones that are co-planar to the regional-scale Sunday Lake Deformation Zone. Early in its kinematic history, the Sunday Lake Deformation Zone placed older (2.72 Ga) volcanic rocks of the Detour Lake Formation over younger (2.70 Ga) sedimentary rocks of the Caopatina assemblage. Gold mineralization is also parallel to the position of a laterally persistent siliceous rock unit, the 2.725 Ga ‘Chert Marker Horizon.’ The Chert Marker Horizon coincides with the boundary between the mafic-dominated upper Detour Lake Formation and the ultramafic-dominated lower Detour Lake Formation. Stratigraphic and geochronological data suggest that the Chert Marker Horizon is a deformed felsic volcaniclastic unit. At a cut-off of 0.6 g/t Au, the Detour Lake deposit contains 17.26 million ounces of Au within 445.9 million tonnes of rock grading 1.20 g/t Au. Gold occurs in shear-hosted and extensional vein arrays within rocks of the upper and lower Detour Lake Formation and within the Chert Marker Horizon. The Detour Lake deposit has many of the characteristics of a greenstone-hosted, quartz-carbonate vein deposit; its very large size may be attributed to large-scale rheological controls resulting in the formation of dilatant sites in permissive rock units. © 2012 Canadian Institute of Mining, Metallurgy and Petroleum. All rights reserved."

Jan 1, 2012

By Youjun Tao

Falcon centrifugal gravity separation tests were conducted to study desulfurization and de-ashing performance with different size fractions of a high-sulfur Chinese -0.5mm fine coal in a dense medium. Performance indicators such as combustible recovery, ash and sulfur rejection, and desulfurization efficiency were used to evaluate the separation efficiency. The results show that for -0.5 mm coal particles, all performance indicators except ash rejection are higher for the Falcon concentrator than for flotation. More specifically, for the +0.125 mm size fraction, Falcon centrifugal separation produced better ash and sulfur rejection performance than froth flotation. However, the Falcon concentrator also showed higher combustible recovery but lower ash and sulfur rejection than froth flotation for the -0.125 mm size fraction.

Aug 1, 2013

By C. W. Reno

"THE LORNEX MINING PROJECT is one of several large-tonnage, low-grade operations recently placed in operation in British Columbia. It is located in the Highland Valley in the south central portion of the province. This area is described as a divide valley at an elevation range of 4,000 to 6,000 feet and is situated on the divide between two drainage systems. The major drainage to the west flows into the Thompson River and to the east and south the drainage enters the Nicola River system. This open-ended valley lies between low, rounded mountains in fairly heavily-wooded country. Prior to the commencement of copper mining activities, the first by Bethlehem Copper Corporation Ltd. over ten years ago, the valley was only sparsely settled. A few small ranches were in existence on the several Indian Reserves located along the valley bottomland. There has also been a small amount of logging activity in the valley, although much of the area is covered by dense lodgepole pine which has little or no value to the loggers. As the mining interest mounted with further discoveries of the disseminated copper ore typical of the district, much of the valley was covered with mineral claims and exploration drilling was carried on by several companies at various times. At the time Lornex was preparing to commence major construction work in early 1970, there was very little activity of any kind in the Highland Valley outside of the Bethlehem operation and a small amount of ranching."

Jan 1, 1973

By R Thomson

The use of uranium metal in non-ferrous metallurgical practice is dis-cussed with reference to its alloying behaviour and chemical activity. It is suggested that the more promising applications are in the treatment of molten metals to combine with impurities. Mines Branch work along these lines is described for copper, zinc, magnesium, aluminum and nickel alloys. It is shown that a cop-per-uranium master alloy (25 per cent U) successfully deoxidizes molten copper without detriment to the electrical or mechanical properties of the product at residual uranium levels of up to 0.8 wt. per cent. Additions of uranium to alpha brass in amounts greater than the lead impurity content were found to remove the deleterious effect of lead on hot-workability. Similar deoxidizing and malleableizing effects were found with uranium additions to nickel. It is thought that uranium forms stable intermetallic compounds with many impurity elements. A significant malleableizing effect can therefore be expected in the presence of other elements besides lead.

Jan 1, 1963

By E. Barnard, J. Tero, J. Rajala, N. Avenido, M. Fullam, A. Nashitati, S. Mbalamba

"The Otjikoto mining and milling complex is 90% owned by B2Gold Corporation, and began commercial operation on February 28, 2015. The milling circuit operates at a throughput 3.3 million tonnes per annum, with an average reserve gold grade of 1.28 g/t. The ore is high in Gravity Recoverable Gold (GRG), which varies between 73-91%, depending on ore type. Overall gold recovery since start-up is 98.2%, with about 63.5 % coming from the gravity circuit as doré. 2016 cash operating costs, and all in sustaining cost (“AISC”) were $361 and $604 per ounce, respectively.During design, three ore types were tested for GRG content, and based on the high GRG value of all three ore types, the decision was made to treat the full ball mill circulating load by gravity. Once operating, the gravity circuit performance was characterized by performing a detailed gravity audit, which included the ore, cyclone classification, Knelson concentrators, and the Consep Acacia intensive leach system. The deeper ores contain significant pyrrhotite, and this created some unusual challenges that had to be overcome. This paper presents the gravity circuit design process, the circuit commissioning, and the audit results and ongoing improvements.IntroductionHeadquartered in Vancouver, Canada, B2Gold Corp. was founded in 2007. Currently, B2Gold has five operating mines, and numerous exploration projects in various countries, including Nicaragua, the Philippines, Namibia, Mali and Burkina Faso. The Otjikoto Mine is located in the north-central part of the Republic of Namibia. It is situated approximately 300 kilometers north of Windhoek, the country’s capital, within the Province of Otjozondjupa. The Otjikoto mining and milling complex is 90% owned by B2Gold Corporation, and began commercial operation on February 28, 2015. The milling circuit operates at a throughput 3.3 million tonnes per annum. During design, a large emphasis was placed on gravity recovery, as the Otjikoto ores are unusually high in Gravity Recoverable Gold (GRG)."

Jan 1, 2018

By A. G. B. Hayes, C. L. Renzoni

"AbstractThis paper provides a rough outline of economic expectations for the near future and then goes on to discuss their effect on the expected demand for metals, using zinc, copper, nickel and aluminum as detailed examples.IntroductionMINING, as you are all painfully aware, is a cyclical business. We believe that it will remain so as long as there are economic cycles.The fortunes of the industry are tied to those sectors of the economy where decisions can be postponed until more favourable times: automobiles, housing, appliances, inventory building and capital spending. Over the past two years, while U.S. GNP fell by 3.8%, automobile production declined by 31 %, from 9.7 million units in 1973 to 6.7 million in 1975. Housing starts plummeted some 43% from 2.1 million units in 1973 to 1.2 million in 1975. Little wonder that U.S. copper consumption fell by 37% and zinc consumption by 38% over the same period.With the rest of the world's economies moving in unison with that of the United States, it is also not surprising that times have been tough for mining.Arthur Burns, chairman of the U.S. Federal Reserve, contends that each recession sows the seeds of its own recovery. The worse the recession, the better the subsequent recovery. If this is true, then the lot of the mining industry should improve significantly over the next two to three years."

Jan 1, 1977