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By G. Clarkson, M. Hitch, R. Clarkson

"A novel reagent-free method of extracting gold from gravity middling concentrates in the Yukon placer fields is presented in this paper. This method exploits the malleability of gold by submitting concentrates to grinding in a rod mill. Brittle waste minerals are effectively reduced, whereas malleable gold particles are flattened and are then extracted by classification through sieves. Recoveries in the field using a laboratory-sized rod mill regularly exceeded 90%, whereas correlation laboratory tests indicated recovery to be most sensitive to the mill charge size. This method has broad potential, including application to the gravity circuits of large hard-rock processing circuits.RÉSUMÉ Cet article présente une nouvelle méthode sans agents réactifs d’extraction de l’or dans les concentrés gravimétriques mixtes que l’on trouve dans les districts placériens du Yukon. Cette méthode exploite la malléabilité de l’or en broyant des concentrés dans un broyeur à barres. Les déchets miniers cassants sont bien réduits, alors que les particules d’or malléables sont écrasées puis extraites par classification au travers de cribles. Si les récupérations sur le site à l’aide d’un broyeur à barres de laboratoire excèdent 90 %, les essais de concordance en laboratoire indiquent que la récupération est très sensible à la taille de la charge du broyeur. Cette méthode présente un grand potentiel, notamment une application possible aux circuits gravimétriques des grands circuits de traitement des roches dures.INTRODUCTIONExploiting the high density of gold to separate it from waste materials is the oldest known mineral processing technique. This basic technique is still widely used in gravity concentration circuits today; however, gravity processing invariably results in high-value middlings, especially in the Yukon placer gold fields. In addition to having a uniquely high density, gold is also the most malleable metal. This unique malleability can be exploited to extract gold from otherwise inaccessible gravity middlings.The Yukon placer gold industry has been continuously ongoing since the 1860s, and today produces approximately 60,000 oz t (1.87 million grams) of crude gold annually, most of which is from the Klondike region near Dawson City (Van Loon & Bond, 2014). It is important to note that Yukon placer miners do not use any chemical extraction methods; rather, gravity upgrading methods are the sole processing techniques used. Placer deposits are typically coarse, well liberated, and naturally gravity concentrated and recoverable, thus making more expensive chemical extraction unnecessary (Mitchell, Evans, & Styles, 1997). Furthermore, a strict permitting regime, environmental concerns, lack of expertise, and fear of repercussions from regulators prevent miners from attempting more advanced processing methods, such as flotation or cyanidation. Even simple chemical extractions like mercury amalgamation have not been implemented for decades, with one observer noting that, as many as 30 years ago, “the art of mercury for amalgamating appear[ed] to be dying [in the Yukon]” (Osler, 1983)."

Jan 1, 2017

By D. M. May

"Cut-and-fill mining is a stoping method that has been widely utilized in the mining industry over the past forty years. It took preference over shrinkage methods at Levack in the early 1930sbecause of its safety aspects; i.e., prompt support of the stope sidewalls, good working floors and better accessibility to support poor back areas. In addition, higher recoveries of ore were possible because of the flexibility of the method in that silling could take place easily at any horizon; low-grade ore could be sorted and left in the stope as fill and certain zones of rock could be left unmined. With modern techniques, a steady production rate can be established, as filling and mining can be carried out stimultaneously.AIthough there are numerous variations of cut-and-fill mining throughout the world, this paper reviews the original type of mining, with modifications and improvements through the years to present modern practices, with the Levack West operation appearing to be the most productive at this time. Stoping efficiencies have also increased substantially from the original 10 tons per manshift to the present 55 tons per manshift.The paper also outlines the many improvements that have been made with respect to mucking and ground support operations; from hand mucking in a single stope to the use of frontend loaders and haulage trucks in fully accessible stope complexes; and from timber props to roof bolts of various types. Although present methods are extremely satisfactory, experimentation is continually being conducted to improve safety and productivity for future mining.IntroductionThe major mining operations of the Ontario Division of Inco Limited are located in the Sudbury Basin (Fig. 1). Around the rim of this geological formation and within 30 miles of the City of Sudbury are nine producing mines and one ' open pit operated by the company .Ore production currently approximates 11.5 million tons per annum from underground and open-pit operations. Underground mining methods include sub-level caving, shrinkage, cut and fill, undercut and fill, blasthole and vertical retreat. The Levack Complex, the main plant of which is the central Levack Mine, produces 11,000 tons per day.The first prospecting in the Levack area, in 1887, was conducted by James Stobie, who examined rock cuts along the route of the Canadian Pacific Railway to the northwest of Sudbury. However, it wasn't until 1913 that operations commenced at Levack under the Mond Nickel Company."

Jan 1, 1981

By Keith Haddock

"The Sheerness Mine, a new surface coal mine located near Hanna, Alberta, went into full production in mid-1995. The mine, which is operated by Luscar’s subsidiary Forestburg Collieries (1984) Ltd., has the design capacity to supply up to 2.1 million tonnes of sub-bituminous coal per year to the adjacent Sheerness Generating station under a 30-year contract. This paper documents the construction phase of this project and highlights the major equipment purchases as well as the construction of the mine facilities. The paper also focuses on some of the areas where cost savings have been achieved that have allowed the mine to come on stream six months ahead of schedule, and under budget. Project ReviewMine DescriptionThe Sheerness Mine is located 25 km southeast of the town of Hanna in southeastern Alberta (Fig. 1). The mining property occupies the western portion of the Sheerness CoalField and borders the Montgomery Mine, operated by Manalta Coal Ltd. in the east, and Highway 36 in the west. The Montgomery Mine and the Sheerness Mine exclusively supply the total coal requirement of the adjacent Sheerness Generating Station. The station is owned jointly by Alberta Power Limited (APL) and TransAlta Utilities Corporation (TAU). APL is the operator. Manalta’s Montgomery Mine has supplied coal to the Sheerness Station since its opening in 1986. Coal is shipped by truck from the mines over a network of haul roads to the coal receiving hoppers located on the east side of Highway 36."

Jan 1, 1997

By P. Favreau

"This paper describes the progress accomplished at the Noranda Technology Centre in the field of three-dimensional computer-aided underground blast design. Traditional methods of laying out underground blasts are reviewed, and the new computer-aided approach is described. Time savings achieved through the use of BLASTCAD can be advantageously used to better engineer blasts, using models and blast vibration analysis. Future work involving the attachment of blast models directly to the system is also addressed.IntroductionThe Noranda Technology Centre's (NTC) Environment and Mining Laboratory, in cooperation with the mining operations of the Noranda Group, is committed to the development and implementation of new technologies in the field of mineral extraction . Within the frame of its research program, the Blasting Technology Program is developing computer "" tools"" designed to assist the blasting engineer or technician. These computer "" tools"" are regrouped under a global software system called BLASTCAD.The BLASTCAD project started in 1990 at NTC. At that time computer programs designed to calculate and model various blasting parameters had been accumulated. These programs cam e from different sources and were mutually incompatible. Furthermore, they were developed as research programs with tittle effort spent on user interface. These programs are very useful, but are highly specialized, need large input files and can be quite tedious to use as ""standalone"" packages .Therefore, the situation being faced was one where all these programs were available at the Noranda Technology Centre, but not a t the operations. The two following options were then considered: 1. continue to run all the models and programs at the Noranda Technology Centre, and present results through reports to the mines, or2. regroup all the different programs under a single one that would make them share the same data base and be transported to the user. This second option is the one that was adopted; the result is BLASTCAD."

Jan 1, 1993

By R. G. Burn

"A brief outline will be given of the concept of risk and its implications with regard to investment in exploration. The relationship between risk and decisions under uncertainty will be examined as a prelude to identifying those factors which contribute to exploration risks:consideration of the effects of corporate objectives (e.g. survival, expansion, diversification) on exploration strategy and ultimately on success or failure, exploration and mining as an investment (the relationship between risk and reward) and the desired return on investment; exploration odds, funding levels, staying power, financial exposure and the concept of gambler's ruin;origins of uncertainty in exploration decision-making-man-made risks and natural hazards; the nature of introduced constraints at each exploration decision stage and their effect on the rate of success;improving the chances of success and the invest reduction of risk through sound exploration strategy, effective project generation and efficient target detection capabilities."

Jan 1, 1984

Overview ?G-9 Discovery Hole 420 drilled May 2005 ?14.16% Zn, 1.76% Cu ?Greenfield discovery built into the G-9 Mine in under 4 years. ?Utilized a unique ?Parallel Track? approach to fast-track mine development. ?Raised over $200million in financing without a Feasibility Study. ?Mine built for $149.7 million, only 20% over PEA. ?Commercial Production declared April 1, 2009. ?G-9 Mine has now completed the first year of commercial production on April 1, 2010. ?Initial cash costs per pound of zinc US$0.39/lb -US$0.45/lb range. ?Mill operating at over1,900 tpd in March 2010, well above design capacity (1,500tpd) only one year after starting commercial production. ?Balance Sheet -$167 million assets, $24 million long-term debt, $22 million cash. ?Restarted Exploration ?excellent initial results. ?Strategically positioning Farallon to grow to a mid-tier mining company.

May 1, 2010

By P. Radziszewski

"The comminution energy curve is a profoundly simple graphical technique that displays detailed operating efficiency information for industrial comminution processes. The database underlying the methodology has recently more than doubled, to now contain a substantial fraction of the international comminution output (1.7 billion tonnes of rock per year) across more than 8 major commodities. This increase has deepened the analytical capabilities and effectiveness for assessing comminution circuit performance in relation to comparable operating mines. This paper will explore how the energy curve methodology can be used to examine the ability of stirred mill technologies to increase efficiency.Specifically, this paper explores how the energy curves methodology can be used to present energy efficiency gains achieved at three mines employing a stirred mill technology under different duties. The first of these cases studies was conducted by Rosa (2014) who compared the performance of two ball mills operating in parallel with a Vertimill in the regrinding circuit at the Samarco Iron project in South East Brazil. The Vertimill was found to achieve the same product specification while consuming 40% less energy. Brissette (2010) investigated the impact of grinding media on the performance of both ball mills and Vertimills. The energy savings achieved varied from 10% to 40% for the ball mills and 30% to 60% for the Vertimills. Lastly, Bergerman (2012) investigated the operating conditions of the Sossego regrind circuit from 2006 to 2011 against design specifications and laboratory testing. The operating work index of this circuit varied from 5.2 kWh/t to 44 kWh/t over this 5 year period. The full suite of energy curves"

Jan 1, 2016

By Brian Hart, Stamen Dimov

"The Time of Flight Secondary Ion Mass Spectrometer (ToF-SIMS) is unique in that it measures the outermost atomic layers of any material. The technique is particularly suited for determining surface chemical composition of mineral particles. It is most commonly used as a diagnostic tool to measure mineral surface chemical variability in plant and bench top flotation separation processes. Recently, research towards understanding the full capability of the instrument has resulted in the development of new diagnostic applications related to various Au extraction technologies and the development of the ToF-SIMS as a predictive tool for assessing the chemical reactivity of the ore.In this paper we will present a brief review of the ToF-SIMS technique with recent advances in instrumentation and methodologies including:•,?recent developments and advances towards a semi-quantitative approach to the evaluation of mineral surface modifiers (ex. Cu),•,?flotation case studies investigating activator, depressant and collector loading variability within a flotation process,•,?the recently developed chemical reactivity test which we believe has the potential to predict the behaviour of minerals in a flotation test in response to chemical transfer during grinding,•,recent applications for determination of surface Au preg-robbed in carbonaceous materials.A portion of this material has been recently presented at the COM 2009 meeting and at SIMS XVII (see Dimov et al 2009 and Hart et al, 2009).INTRODUCTIONIn flotation seperation surface chemistry is the principal determinant for selective separation of the various mineral phases (Ralston, 1994, Smart et al, 2003). Determination of this hydrophobic/hydrophilic balance by particle therefore requires correct identification and selection of the particular mineral phase(s) followed by a statistical analysis of the surface chemical characteristics of the particles with an estimation of the spread of values (Smart et al, 2003)."

Jan 1, 2010

By Peter Wells, Laxman M. Amaratuga, Todd M. Kanhai

"Certain mining methods (eg. Cut-and-fill) result in the contamination of run-of-mine ore with shotcrete. This shotcrete remains mixed with the ore throughout processing. Experimentation performed by Falconbridge Limited revealed that underground contamination of ore by shotcrete (eg. as little as 1% by weight) has led to ill-effects on the nickel recoveries from the flotation process in the mill. The nickel recoveries of contaminated samples were lower than tests without the shotcrete Contamination.To optimize flotation circuits it is important to know why the contamination has created these effects and also to find a method to abate or remove them. Laboratory testing showed that the age of the shotcrete was a factor in it’s effect on nickel recoveries. Younger aged shotcrete gave nickel recoveries lower than baseline nickel recoveries with no contamination. Older shotcrete gave nickel recoveries similar to the baseline.Literature on other cementitious material contaminations on ore revealed that a possible means of remediating this problem is the use of acid in the flotation. The initial pH in the flotation pulp was designed to be pH 9.2, but with the young shotcrete contamination the pH was in the neighbourhood of 10.5. Acid addition may act as a means of lowering the pH to the optimal operational value. Laboratory test work showed that acid addition brought nickel recoveries closer to the baseline."

Jan 1, 2000

By Helmut Ehnes

Over 330 million accidents at work happen world wide every year, only counting those leading to more than four days absence. More than 350,000 end fatal. Two million people more die every year due to work-related diseases. To sum this up: around 2.4 million people die every year because of work conditions. Among many risky industries, mining stands out. While mining represents just 1% of employees globally, it unfortunately represents 8% of all occupational fatalities. Mining operations go along with a variety of hazards. Not only in large operations, as they first come to mind, but also in the manifold small scale mines, with an estimated 13 million labourers worldwide exposed to substances such as dust, mercury and other chemicals, while also dealing with poor ventilation, inadequate space and overexertion. But is the number of severe accidents and diseases inevitable or can we change this situation? We can make mining sustainably safer, but we need a successful strategy to do so. A high potential lies in Vision Zero. Vision Zero is a prevention strategy for a safe future without fatal or serious occupational diseases, work accidents and traffic accidents. First defined as early as in the 19th century by Eleuthère Irénée du Pont, its very successful elements were adopted by many European countries first aiming at road safety, then extended to safety and health at work. Vision Zero?s holistic elements cover technology, workplaces, rules, and people as fields of action. By focussing on severe and fatal accidents, its application increases the level of safety and health overall.

Aug 1, 2013

By Sub-Committee of the Committee on Research

"THE FOLLOWING REPORT was compiled by a sub-committee of The Metallurgical Society of CIM, Committee for Research, and represents a viewpoint of the steel industry in Canada. The objective was to define those areas in which the industry considers that external sources of Research and Development are a necessary function in supporting the in-house R & D conducted by the industry.On future occasions, the viewpoints of other metallurgical industries, such as those of nickel, copper and aluminum, will be presented. The report is divided into several sections: 1.-R & D Spending by the Steel Industry (a) Memberships in Recognized Steel Research Centres (b) Memberships in Recognized Industry Associations (c) Sponsored Research at Recognized Centres (d) Sponsored Research at Universities(e) Sporadic Research 2.-Areas for Research and Development(a) Instrumentation (b) Environment Control (c) Refractories (d) Sponsored Research at Universities(e) Electric Furnaces (f) Continuous Casting"

Jan 1, 1970

By Megan Becker, Aubrey Mainza, Indigo Research Laboratories, Jenny Wiese, Gaynor Yorath, Lucy Little

Particle shape characterisation has an important role to play in mineral processing, to clarify effects of shape on rheology, equipment wear rates, comminution, classification, sizing and flotation. However in industry, shape characterisation is not routine, and the most commonly used shape descriptor in the field (circularity/ angularity/ sphericity) is not invariant. This study aims to investigate shape measurements for a fine particulate ore sample measured with different analytical devices. Two Automated Scanning Electron Microscopy devices with Energy Dispersive X-ray Spectrometry (FEI QEMSCAN® and Zeiss Mineralogic®), and a camera based image-sizer using dynamic image analysis (Retsch CAMSIZER® XT) were compared. Each device was used to analyse the shape characteristics of specific particles in both a coarse sample (–212/+150 µm) and a fine sample (-53 µm) of UG2 platinum ore. Circularity and Roundness frequency distributions obtained from the three devices were then compared. For selected individual particles, circularity showed higher variability than roundness, and the sample circularity distributions obtained by the three devices were completely different. It is clear that circularity data from different studies relying on different devices should not be compared on an absolute scale. The shape parameter roundness was found to be a more robust descriptor than circularity, and it can give a stronger indication of a particulate sample’s shape characteristics on an absolute scale. However, there were still significant differences in the roundness measurements obtained by the CAMSIZER XT and the two Auto-SEM devices, which was attributed to the dissimilar mechanisms of image capture.

Jan 1, 2016

By J. C. Gilbert

"IntroductionTHE PURPOSE of this paper is to discuss in a general way the heavy oil situation in Western Canada, and particularly to acquaint those in the oil industry who have not participated in the heavy oil end of the business with past and current developments. The author has covered •briefly the location of the heavy •and asphalt-base oil fields, their geology, current drilling and production practice, the location of the •refineries capable of handling heavy crude, their products and markets, and the problems and future prospects of the industry.Location and Description of FieldsThe term heavy oil is generally used to denote crude of 20.9° gravity and under. Since the products from heavy oil are also to a lesser extent obtained from asphalt-base crudes of higher gravity, some mention will be made here of the latter; but in general the emphasis of the paper is on heavy oil as such.In the order of their production to date, the heavy oil fields and those light oil fields which produce asphalt-base crudes are : Lloydminster, Taber, Vermilion, Conrad, Princess, and Wainwright.The Lloydminster oil field has not only produced most of the heavy oil, but also is currently the largest producer, supplying at the present time about 80 per cent of the heavy and asphalt-base crudes produced in Western Canada."

Jan 1, 1952

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 S. Bergquist

In this paper, it is investigated how different types of automation would affect the safety for workers in asphalt paving. The risk for the workers on road construction sites is consistently high in comparison to the average risk of the working population. Automation has been suggested as an alternative for improving the safety in roadside construction assuming that removing workers will inherently eliminate the risk of them being injured. In this paper, the potential for improving the safety using automation is analyzed in detail. By investigating accident statistics and understanding the type of accidents that appear, several different automated functions for increased safety are proposed and described. Based on available statistics, it is possible to estimate the safety benefit, as the reduction in fatalities, for several of the proposed functions. The highest safety benefit would be achieved by automating the road traffic driving through the work zones. This has the potential of reducing the total number of road worker fatalities with over 30 %. In addition, it would decrease the number of road traffic accidents in work zones. Automation of construction machinery and dump-trucks also has the potential to increase the safety.

Aug 1, 2013

By Julian Wills

The Candrill was developed with Soredem as a one-operator rockdrill for Canadian narrow vein mining. It provides the benefits of increased drilling rates, lower noise and vibration, mass reduction of 20% and system cost saving. The Candrill is to be commercialised at the end of 2001 together with a stoper drill through Parts Headquarters, Novatek's Canadian agent. The Candrill or pneumatic drills may be further exploited using a simple mechanised drilling system to further reduce operator labour, improve drilling speeds by up to 50% and to enhance drilling accuracy. Novatek's drilling system for simple mechanisation in gold and platinum mines is integrated with roof supports, can operate in stope widths as low as 800 mm and has resulted in labour savings of 50%, improved advances per blast of 20 to 50% and improved operator safety and ergonomics.

Oct 1, 2001

By Angus D. Campbell

"IntroductionThe subject assigned to me tonight gives unlimited scope. The material available is so voluminous and leads into so many ramifications, and the memories of the Camp are so vivid and treasured, that it is difficult to decide just what to use. Then, too, the geologists are the story-tellers of our tribe - I am only a hard rock miner.Members of the Cobalt Branch and Cobalters everywhere will agree without question that this Cobalt camp has been the greatest of all influences on Canadian mining. To those who do not know Cobalt, our opinion may seem prejudiced and our statement exaggerated.Be that as it may, discussion on this subject can be profitable, since it is worthwhile now and then to think on 'whence we came' and 'where we are going'.In the revival of interest in the Cobalt camp, we hope our guests may feel some of the old Cobalt Spirit, which has become the Spirit of the North.Visitors may even, while here, catch a glimpse of that whimsical little guardian spirit of the camp - the original goblin, the Kobold - for which Cobalt was named.While Kobold brings that good luck which plays so important a part in mining, he can have his evil moments, as in his original German home. There, when he made the silver disappear from their good ore, they cursed the grey ore, calling it Kobold.Although this little goblin bas frequently upset our best mining plans and geological calculations, be has played the game as well. He placed •some silver on the surface, and when he hid ~t at depth he left dues .for its finding. He has rewarded many who sought his treasure and is still rewarding those who have persevered and had faith in him. t:lis influence and that of Cobalt camp has probably had a greater influence on your work and your mining areas than you realize"

Jan 1, 1950

By B. Tougas

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

Jan 1, 2011

By Jesse L. Duke

Outline ?Understanding the context ?The Business, political, social and legal environment ?Recipes for Success (three Ps) ?Develop effective Partnerships/relationships ?Plan carefully ?Actively Manage the ?Process? Business Environment ?Nunavut?Impressive mineral potential ?Emerging diamond industry ?Dominated by Juniors ?NWT ?Maturing Diamond industry ?Emerging oil and gas industry ?Yukon ?Alaska Highway Pipeline ?Junior-dominated exploration and development ?Growing acknowledgement in Canada of the importance of northern resources ?Shift of thinking: north-south infrastructure (vs. East-west)

May 1, 2006

By H. R. Bullis

"A 2003 paper discussed the idea that as gold mining companies grow larger it becomes more difficult for them to discover or acquire new gold deposits large enough to replace extracted reserves on an annual basis. Deposits of the size required to replace annual production of very large gold producers (VLGPs) are statistically few. An update in 2005 reviewed VLGPs with respect to production, reserves, and reserve life and observed recent changes in the gold mining industry. Now, more than 12 years later, this paper explores how those VLGPs have fared and how the gold mining industry has changed. KEYWORDS Gold, Gold price, Production, Reserves, Very large gold producer (VLGP) RÉSUMÉ Un article de 2003 examinait le concept selon lequel, à mesure que les sociétés d’exploitation aurifère se développent, il leur devient de plus en plus difficile de découvrir ou d’acquérir de nouveaux gisements aurifères suffisamment grands pour remplacer les réserves qu’elles extraient annuellement. Statistiquement, il existe très peu de gisements de la taille requise pour remplacer la production annuelle des très gros producteurs d’or. Une mise à jour de l’article en 2005 se penchait sur la production, les réserves et la durée de vie des réserves des très gros producteurs d’or ; elle portait sur les récents chan¬gements au sein de l’industrie de l’exploitation aurifère. Aujourd’hui, plus de 12 années plus tard, cet article explore l’évolution et les résultats de ces très gros producteurs d’or, ainsi que les changements qu’a connu l’industrie de l’exploitation aurifère. MOTS CLÉS or, prix de l’or, production, réserves, très gros producteurs d’orINTRODUCTION In 2005, the world’s top five gold producing companies were Barrick (after purchasing Placer Dome; 9.1 million ounces; Barrick Gold Corporation, 2005; Placer Dome, 2005), Newmont (8.2 million ounces; Newmont Mining Corporation, 2005), AngloGold Ashanti (6.2 million ounces; AngloGold Ashanti Limited, 2005), Gold Fields (4.2 million ounces; Gold Fields Limited, 2005), and Harmony Gold (3.0 million ounces; Harmony Gold Mining Company Limited, 2005). During the years leading up to that point, there had been a flurry of activity in the gold sector directed at consolidating production and reserves to create very large gold producers (VLGPs). As defined in Bullis (2005), a VLGP is a mining company whose primary busi¬ness is gold production and that has annual gold production more than 5 million ounces. A stated corporate goal of several of the VLGPs at the time was to become the largest gold producing company in the world."

Jan 1, 2019