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By E. Engelbrecht

"A pressure non-oxidative leach is employed at Anglo American Platinum Base Metal Refiners to extract nickel from a slow cooled matte. The design base requires two 80 m3 autoclaves in parallel to achieve a nickel extraction of 60% at the nameplate capacity of 32.4 ktpa nickel plated. Isothermal modelling of mineralogical and chemical concentration profiles, through a reactive mass balance, permitted rate constant parameter estimation and selection of the most probable reaction pathway. The model was validated with plant data up to a capacity of 26 ktpa Ni plated and suggested by extrapolation that nameplate capacity may be viable through one 80 m3 autoclave.INTRODUCTION Anglo American Platinum Base Metal Refiners is situated on the outskirts of Rustenburg in the North-West province of South-Africa. The refinery produces nickel cathode, copper cathode, cobalt sulphate powder, covellite rich copper pressure leach residue and bulk sodium sulphate through an integrated circuit that refines slow cooled converter matte. The converter matte is milled, non-magnetics are separated as solid nickel copper matte (NCM), and the magnetics are leached yielding a pressure vessel liquor (PVL). The remaining solid platinum group metals (PGM) concentrate after leaching is sent for downstream processing in the Precious Metals Refinery (Hofirek & Kerfoot, 1992). The work presented here is applicable to the base metals refinery which receives the two base metals feed stocks NCM and PVL. In 2009 the capacity of the refinery was upgraded from 21 ktpa nickel cathode plated to 32.4 ktpa. This paper deals with evaluating the capacity of the pressurised non-oxidative nickel leach (NOX) process which accounts for at least 28% of the nickel leached from NCM by design. The NOX design base requires two 80 m3 autoclaves divided into four compartments operated in parallel at 155°C and 600kPa(g). Elevated temperature is required to speed up the leach kinetics of particularly nickel and iron which are trapped in slow leaching mineralogical phases namely millerite and bornite, (Dinham, 2006). The stated equivalent capacity for the NOX configuration was 32.9 ktpa nickel plated at first pass nickel and iron leach efficiencies of 60% and above 80% respectively and is a key step for the selective removal of iron (Bryson, Hofirek, Collins, Stiksma, & Bereaowsky, 2008)."

Jan 1, 2017

A newly developed damage model was used in the study of rock fragmentation mechanisms involved in crater blasting. Simulations show that at the detonation of the explosive charge, a crushed zone around the explosive charge is formed due to compressive failure and then a strong pressure wave is sent out forming a pressurized ring that propagates at the dilatation wave velocity. As the pressurized ring leaves the crushed zone, two tensile stress components perpendicular to the radial stress are developed in response to the action of the radial pressure, causing tensile failure and forming a damage zone around the charge. The formation of this damage zone is quite independent of the depth of the explosive charge provided there is no interference by the reflection from the free face. When the pressurized ring reaches the free face, it is reflected there and causes rock failure on the ground surface that forms another damage zone. Under the simulation conditions, it is revealed that the depth of charge is a factor controlling the relationship between the two damage zones. At a depth smaller than the optimum, the two damage zones coalesce into one and there is excessive rock breakage; otherwise, the two damage zones tend to isolate from each other with the increase in the depth of charge. Calculations of fragmentation indicate that the average fragment size increases and the uniformity of fragments decreases when the depth of charge increases as observed in practical blasting.

Jan 1, 1998

By James D. Bamburak

Total mineral production in Manitoba has averaged C$1 billion over the past ten years. Industrial mineral production has comprised almost 10% of the total, with more than half coming from the aggregate sector. In southeastern Manitoba, tantalum, spodumene and amblygonite concentrates, cesium and rubidium ores, cesium formate, dimension stone and sphagnum peat moss are produced. Gypsum, high-calcium limestone and lime are produced in the Interlake area. Early industrial mineral production consisted of tools and implements, salt and pottery. Historical production has included: salt, building stone, aggregate, lime and dolime, lignite coal, gypsum, natural and Portland cement, calcium bentonite, brick, light-weight aggregate, caustic soda and soda ash, and silica sand. Future industrial mineral production may come from reactivated quarries, pits and wells or from new producers of current commodities. Newproducts may include: stainless steel master alloy, silicon metal, titanium and magnetite, lithium carbonate, float-plate glass and ferrosilicon, "marble" dimension stone, magnesium metal, potash and kaolin.

Jan 1, 2001

By M. M. Williams

WESTERN CAN ADA'S coal industry has experienced a serious set-back since 1949, following a pattern well known to its counterpart in the United States. The loss in coal markets in Western Canada has been particularly severe as the discovery of large reserves of oil and natural gas and the subsequent construction of re-fineries and pipelines roughly coincided with the dieselization of both main railways. While the coal industry will have to face a further decline in markets of long standing, others with a large growth potential can be se-cured if present marketing methods are changed where needed and if fundamental and applied research programmes are actively pursued. The energy and chemical potential of Western Canada's coals will eventually find their place in the ever-growing needs of industry and electric power producers. Electric power generation would appear to offer the largest and most immediate market for coal. If the coal industry is to serve this market adequately and gain as much of it as possible, coal operators ? must have a good knowledge of certain characteristics -of the electric utility industry and its fuel requirements. This paper is prepared primarily to set out some of these characteristics, but also discusses other probable markets for coal.

Jan 1, 1958

By G. B. Harris, C. W. White

Cyanide has been used for the recovery of gold since the mid 1800s, but several jurisdictions have already banned its use, and environmental pressures are increasing to finding an alternative. Gold also forms chloride complexes similar to those of cyanide, but the use of chloride has never achieved widespread acceptance. This paper describes a chloride-based flowsheet, wherein the key unit process is the recovery and recycle of chloride ion. It is shown that the chloride-based flowsheet is competitive economically with the conventional cyanide-based flowsheets, and that it has a number of other advantages, particularly environmentally.

Jan 1, 2011

By B. Dubreuil, J. -M. Lalancette, D. Lemieux

A gold bearing pyrite concentrate was treated at the pilot scale for the extraction of gold. Mineralogical analysis of the concentrates identified gold to be mainly present in the form of a solid solution in pyrite. Gold distribution resulted in a poor extraction yield of 55 % by direct cyanidation. A piloting campaign including an oxidative pre-treatment by roasting in a fluid bed was followed by treatment with halogens for gold extraction and has led to a gold extraction yield of 94%. Sulphur removal during the oxidation was very efficient at >99.5% and gold extraction by the halogens was completed within a 1 hour contact time. The piloting was performed on a 300 kg sample and used a diluted solution of hypohalites as the oxidizing agent for gold extraction. Sulphuric acid was injected in the reactor during the halogens treatment to lower pH to 2. The diluted solution of hypohalites (1-3%) was generated by electrolysis during the piloting campaign in a diaphragm-less electrolysis cell. The extracted gold was recovered via adsorption over silica and the gold depleted brine was treated for impurities removal. This brine was recycled for further gold extraction. With the recycling of water and brine, the regeneration of hypohalites and with a barren solid that is inert and stable, the Nichromet Extraction technology is a green process where the protection of the environment does not preclude profitability.

Jan 1, 2014

By F. Chachula, A. Molinaro

"Sulphide mineral flotation operations continuously strive for a balance between mineralogy, mineral liberation, circuit conditions and reagent solutions to maximize the production rate and recovery of payable metals. The Taseko Gibraltar copper – molybdenum mill operations underwent an extensive project focusing on the fundamentals to identify the effects of process conditions and mineral liberation to improve the bulk circuit copper – molybdenum recovery efficiencies in the bulk flotation circuits. This discussion will provide process data that demonstrates; 1) fundamental relationship between mineral liberation to recovery and grade, 2) flotation circuit condition testing and optimization, 3) reagent combinations resulting in efficient/economical mineral recovery, and 4) the development of a xanthate free reagent solution. The data presented and discussed will also touch on flotation parameters including pH, retention time, kinetics and the effect on bulk circuit recovery performance.INTRODUCTION Taseko's is the owner (75%) and operator of the Gibraltar copper-molybdenum mine, located in south-central British Columbia, the second largest open pit copper mine in Canada and the largest employer in the Cariboo region. Taseko restarted Gibraltar in 2004. From 2006 until 2012, the company invested ~$700 million to expand and modernize the operation which was originally scheduled for demolition when the company acquired it in 1999. In the spring of 2011, construction commenced for Gibraltar Development Plan 3 (GDP3). GDP3 included the construction of a standalone 30,000 ton per day concentrator, built adjacent to the existing 55,000 ton per day facility. The new design capacity of Gibraltar was designed to be 85,000 tons per day. An integral part of the project was a new molybdenum recovery facility. In addition to the new concentrator, the mining fleet was upgraded with a new mining shovel, production drill and ten haul trucks (Taseko, May 2015). In May of 2015, the Company completed an updated mine plan for Gibraltar featuring a 50% decrease in strip ratio. This new mine plan was a result of a detailed, six-month engineering study and forms the basis of an updated NI 43-101 compliant reserve (Taseko Announces Improved Economics At Its Gibraltar Copper Mine, 2015). The new mine plan took into account lower milling costs as a result of the modernized processing facilities (Taseko, May 2015)."

Jan 1, 2018

By Dalton. J. L., H. P. Dibbs

An account is given of investigations into the application of two neutron methods to the on-line analysis of slurries. One deals with the application of the neutron moisture gauge principle to the determination of the water content of iron oxide slurries, and the other with the application of gamma radiation from thermal-neutron-capture to the determination of the composition of aqueous slurries of iron oxide, copper oxide, zinc oxide and sulphur. Linear relationships were found between the composition of the slurry and the neutron count-rate in the first study, and between the slurry composition and the prompt-gamma-ray count-rate in the second study. A mathematical relationship has also been developed which relates changes in the prompt-gamma-ray counts from hydrogen to changes in slurry composition.

Jan 1, 1973

The current mining operations at Newmont Boddington Gold Mine (NBG) commenced in 2008, and commissioning of the processing plant started in the latter half of 2009. Metso Process Technology and Innovation were engaged to assist NBG with commissioning and project ramp-up through the implementation of a comprehensive ?Mine-to-Mill? Process Integration and Optimisation project. This methodology entailed extensive data collection which included drill and blast audits, ore characterisation, comprehensive comminution circuit surveys and review of operational data to assess the limitations within the current mining and processing operations. The results of these investigations have been used to define the operating base line of both the mining and processing areas and identify improvement opportunities. The use of modelling and simulations, utilising actual production data, has allowed for multiple scenarios to be evaluated, minimising the requirement for actual trials and thereby minimising impact on the operation. Improvements implemented to date include: the introduction of routine rock strength measurement for inclusion in block models, modifications to blast design improving ROM fragmentation and downstream comminution process performance, and changes to improve performance of secondary crushing and grinding circuits. Close cooperation between the mine and plant personnel is playing a significant role in overcoming the challenges presented to this operation and further improvements are targeted for the second full year of process plant operation.

Jan 1, 2012

By Su-Ping Peng

Three dimensional (3D) seismic exploration has been carried out since the 1980s in the mining district of China, where it has been playing an indispensable role in the high yield and efficiency of coal mining. Unlike oil exploration, this technique uses high density seismic acquisition technology. In recent years, it has focused on wide azimuth 3D seismic acquisition. Evaluation of geometry moved away from depending on folds, azimuth and offset, toward being based upon a focus-ray beam. Conventionally, coalfield 3D seismic interpretation focused on time domain and was based on kinematics information, which is only suitable for less complex geological conditions. To achieve high-resolution processing for the complex topography and structure in coalfields, data processing shifted from poststack to prestack. The means to improve the accuracy of interpretation for complex geological conditions are 1) integration of multiple attributes and multiple disciplines, 2) combination of seismic and geological data, and 3) comprehensive combination of time domain and depth domain data. With the demand for lithological exploration, high-resolution data processing must also take into account the requirements of preserving amplitude in seismic data. Seismic attributes technology, seismic inversion technology, and dynamic tracking interpretation are key techniques in 3D seismic exploration. They greatly improve interpretation accuracy, produce better results in the goaf space description of the coal-bearing strata and coal seam structure, and effectively reduce exploration costs under complicated geological conditions. Therefore, these techniques will be the primary means employed in the future to deal with coalfield complex structure and lithological exploration.

Aug 1, 2013

Of the twelve known ore zones on the Sunro property, acquired by Cowichan Copper Co., only the "B" and "C" orebodies of the "River Zone" had been explored sufficiently to indicate the grade and tonnage. The "B" zone was selected for initial production. The portion of this orebody above the main adit level was developed for horizontal-ring, longhole mining. Ore from the stope would be scraped directly to the coarse ore bin. The lack of a suitable mill site on surface, as well as the 8,000-ft. tramming distance, led naturally to the installation ground. I N November, 1960, a lease was obtained by Co-wichan Copper Co. Ltd. (N.P.L.) from Sunro Mines Ltd., covering the main ore (River) zone of the Sunro property. A total of twelve zones had been located on the property. Nine of these lay within the leased area. With the exception of the "B" and "C" orebodies of the River Zone, there had been insufficient exploration for tonnage and grade calculations. Exploration by previous companies had

Jan 1, 1965

"Conveyed coal flows have been diverted on the basis of real time ash analysis since the 1980s. Many coarse particle separation methods are available through screens, jigs, heavy media separation, particle sorters, to name a few, however bulk diversion requires a representative, continuous analysis to ensure diversion decisions can be made with confidence. Sensors also need to be able to provide measurements at useful time increments so that small tonnages can be diverted for maximum selectivity. Particle separation typically requires high capital costs and there are limitations either in throughput tonnage or particle size or both. Few techniques are able to provide robust and representative analysis of conveyed flows in a useful time basis. Prompt Gamma Neutron Activation Analysis provides multi-elemental analysis of conveyed bulk materials and has been proven in the minerals industry since 2003. This paper outlines the success of this technology in minerals applications in iron ore, phosphate rock and most recently in copper-gold ores, including its use in bulk diversion.INTRODUCTION Naturally occurring quality variability, or heterogeneity, in mineral deposits enables separation and recovery of the valuable components through mining and processing operations. There are distinct advantages in processing the minimum quantity of material to achieve the highest possible yield. Unfortunately, declining ore grades has resulted in larger scale operations and a subsequent loss in selectivity for mining operations. As limits are approached on the practical size of equipment, there is more motivation to investigate alternative solutions. Mining companies are subject to increasing social resistance to growing waste disposal requirements in addition to higher energy and transport costs. Major savings are available by reducing the quantities of material processed where pre-concentration can be effectively applied at early stages in the process. One of the simplest ways to pre-concentrate is to measure the bulk material and reject waste soon after mining so that minimal expense is incurred and that only higher quality material is sent to processing operations. This bulk sorting can occur within the mining operations and has major benefits through energy and other consumables savings. This paper discusses the application of real time analysis technologies suitable for bulk sorting within the minerals industry. Technology that has proven representative for conveyed material bulk analysis and its successful applications to date is explained. Analysis using a sensing technique is only one component of a successful bulk sorting process; the importance of effective diversion systems and a bulk sorting strategy are also discussed. The bulk sorting stage may be one component of a system that could include additional downstream technologies such as particle based sorting systems on a diverted stream."

Jan 1, 2018

By B. E. Halbert, K. T. Himbeault, S. L. Fernandes, R. L. J. Phillips, B. J. Topp

The Beaverlodge uranium mining and milling facilities operated from 1952 to 1981 with about 94% of the ore extracted from the main underground mine and 6% from smaller satellite deposits. Decommissioning work occurred from 1982 to 1985 involving periods of shutdown, salvage and reclamation. Transition phase monitoring, leading to eventual delicencing commenced in July 1985. Over the last 15 years, discharge from the tailings management facility (TMF) and a fresh water stream, impacted during the operational phase by tailings spills, has improved in water quality for most parameters of concern. Loadings to the environment of three key contaminants (radium-226, total dissolved solids, and uranium) have consistently been less than during the operational phase with radium-226 having the greatest variability. Outstanding environmental issues associated with the recovering drainage system formerly used for tailings disposal, are being addressed in an enhanced environmental monitoring program to commence in 2000. Changes in water chemistry and the natural re-introduction of aquatic organisms are issues of concern. In the meantime, application for release from selected satellite areas commenced in 1999. This paper reviews the issues which have arisen during the transition phase, outlines how they have and are being addressed, and provides a comparison of original and current predictions of the recovery process under way at the former Beaverlodge mine site.

Jan 1, 2000

By Hans E. Madeisky, Bruce W. Downing

Abstract-The acid rock drainage (ARD) buffering capacity of mine waste is governed by its bulk chemical composition and its mineral assemblage. Conventional acid base accounting (ABA) tests can be used to predict short-term buffering, but should be used with caution to model or predict the long-term ARD buffering capacity of mine waste. ABA data for mine waste samples from four different deposit types: anorthosite-hosted magmatic sulfide nickel, dunite-hosted magmatic sulfide nickel, porphyry copper-gold, and volcanic-hosted high sulfidation epithermal silver, were compared with whole-rock geochemical and petrographic data obtained from the same samples. Our objective was to devise and test a method of predicting ARD buffering capacity based on bulk chemistry and modal mineralogy. In other words, we developed a quantitative theoretical method for calculating neutralizing potential, relying on easily obtainable and relatively inexpensive whole-rock and sulfur XRF analyses, which could substitute for conventional ABA procedures in situations where these procedures are either too costly or too time consuming. For each deposit type, models were devised that reasonably approximate the net neutralization potential estimated by the ABA data obtained from laboratory tests. Once an appropriate model has been developed and tested, portable X-ray fluorescence equipment, already used for grade control at many mine sites, could provide the wholerock and sulfur analyses required to estimate the ARD potential of the waste material. Although this approach is not intended as a substitute for the legally mandated ABA test procedure, it could facilitate the timely and cost-effective management and mitigation of ARD at a mine site.

Jan 1, 1997

By J. O. Pitts

"Background The preponderance of Canada's coal resources is located in areas remote from high demand domestic users and at some significant distances from deepsea ports. This places great demands on the transportation system and has forced the coal and the transportation industries to adopt highly efficient methods of handling the product and hauling it to market position. Most of the coal not consumed in minemouth thermal power stations is carried by rail over lines operated by the two transcontinental railway systems, Canadian National and Canadian Pacific. These rail networks are extensive and have the advantage (as compared to most other North American railways) of being able to handle coal movements from origin through to destination without interchange to other rail carriers. Coal SourcesWith exception of the coal produced in Cape Breton, Nova iScotia, all the significant shipping volumes in Canada emanate ifrom mines located in the three most westerly provinces. Figure I ishows the geographic distribution of the major mining operaitions shipping coal to domestic and export markets. The prinicipal routes and the tonnages carried (1980 calendar year) are ialso indicated. iThe 1980 shipping data are summarized in Table I. Saskatchewan lignite began moving from Bienfait to Thunder Bay by CP Rail unit trains in mid-1981 at the rate of one million tonnes per year. The product is handled through Thunder Bay Terminals and delivered directly to a nearby Ontario Hydro electrical generating station."

Jan 1, 1985

By Dean S. Rogers

"In February 1980, Dome Mines Limited announced a $50 million expansion program which would result in a 50% increase in mill capacity from the present 1,815 tonnes per day to an eventual production rate of 2, 720 tonnes per day in the year 1984. As an integral and necessary part of this planned expansion, a new vertical production shaft, No. 8 Shaft, would be sunk from surface to a depth of 1,645 metres.Throughout the seventy-year history of mining at the Dome, gold has been found in a number of different rock types and in association with a number of different structural settings. However, the key to successfully locating ore deposits lies in the recognition of the favourable environments in which they generally occur. First and foremost, the exercise of locating the No. 8 shaft became an exercise in geological deduction based on the projection of these favourable lithologic environments.In November 1980, after detailed engineering work was completed, the total cost of the project was estimated at $75.5 million 1980 dollars or $91 million dollars allowing for inflation over a four-year construction period. These estimates include the shaft, significant replacement and alterations to the milling process, and an upgrading of the plant."

Jan 1, 1982

By Hans E. Madeisky, Bruce W. Downing

The acid rock drainage (ARD) buffering capacity of mine waste is governed by its bulk chemical composition and its mineral assemblage. Conventional acid base accounting (ABA) tests can be used to predict short-term buffering, but should be used with caution to model or predict the long-term ARD buffering capacity of mine waste. ABA data for mine waste samples from four different deposit types: an orthosite-hosted magmatic sul?de nickel, dunite-hosted magmatic sul?denickel, porphyry copper-gold, and volcanic-hosted high sul?dation epithermal silver, were compared with whole-rock geochemical and petrographic data obtained from the same samples. Our objective was to devise and test a method of predicting ARD buffering capacity based on bulk chemistry and modal mineralogy. In other words, we developed a quantitative theoretical method for calculating neutralizing potential, relying on easily obtainable and relatively inexpensive whole-rock and sulfur XRF analyses, which could substitute for conventional ABA procedures in situations where these procedures are either too costly or too time consuming. For each deposit type, models were devised that reasonably approximate the net neutralization potential estimated by the ABA data obtained from laboratory tests. Once an appropriate model has been developed and tested, portable X-ray ?uorescence equipment, already used for grade control at many mine sites, could provide the whole-rock and sulfur analyses required to estimate the ARD potential of the waste material. Although this approach is not intended as a substitute for the legally mandated ABA test procedure, it could facilitate the timely and cost-effective management and mitigation of ARD at a mine site.

Jan 1, 1997

By M. Yamine, R. J. Ring, D. J. Waters

"An experimental program has been carried out by the Australian Atomic Energy Commission to compare the effectiveness of Caro's acid as an alternative oxidant to pyrolusite in the leaching of uranium ores from the Alligator Rivers region of northern Australia. Batch leaching tests on Ranger, Nabarlek, Koongarra and Jabiluka ores showed that uranium extraction was unaffected by choice of oxidant, but that Caro's acid reduced acid requirements by 15 - 25%. Lime requirements for neutralization of tailings liquors were reduced by 20 - 30%.The batch studies were extended to a four-stage continuous leaching circuit with a capacity of 400 gore h-I. Comparative leaching tests confirmed the reagent savings obtained in the batch tests. Following these encouraging laboratory results, lnterox Chemicals Pty Ltd carried out plant trials using Caro's acid. Reagent savings in the mill were similar to, or better than, those obtained in laboratory test work. The trials also established that Caro's acid has a number of operational advantages over pyrolusite.IntroductionUranium is most commonly extracted from its ores by leaching in sulphuric acid. Simple hexavalent uranium oxides and compounds are readily soluble but uranium in the tetravalent form is insoluble and must be oxidized for dissolution to occur. The most commonly used oxidants have been sodium chlorate and manganese dioxide. They act indirectly by maintaining iron as the ferric ion which oxidizes uranium by a surface electro- chemical reaction. An Fe3+ concentration of about 1 - 2 g L-I is usually considered adequate for the effective dissolution of uraninite(1)."

Jan 1, 1984

By J. D. Clucas, D. B. Dreisinger

"The Starved Acid Leach Technology (SALT) has been developed by Search Minerals to extract nickel and cobalt VALUES (from nickel laterite ores (saprolites) and Caron plant residues. The technology consists of sulfuric acid atmospheric leaching of the ores or residues followed by neutralization and recovery of nickel and cobalt. The acid addition is carefully controlled to maximize nickel and cobalt extraction while minimizing overall consumption of acid by various gangue reactions. The final recovery processes can be tailored for maximum economic benefit. The use of resin-in-pulp processing is advocated as the most cost effective method for initial recovery of nickel and cobalt from lower grade materials. INTRODUCTIONCommercial processes for laterite ore treatment vary according to laterite type and local conditions. The two general categories of laterite ore are saprolites and limonites.Saprolites are generally treated by pyrometallurgical processes for reduction of nickel to matte or ferro nickel alloys. The high cost of drying, chemical reduction and electric furnace smelting requires that the saprolite grade for economic processing is of the order of 1.8% nickel or higher. There are of course large amounts of saprolite that fall below this “cut-off” grade that are not currently economic.Limonites can be treated by the Caron Process which involves drying of the ore, a reduction roast of the whole ore to reduce nickel and cobalt (and some iron) to the metallic state followed by ammonium – ammonium carbonate solution to leach nickel and cobalt. Nickel and cobalt recovery are low (70-85% for Ni and 20-50% for Co). The Caron plant tailings therefore contain high levels of unrecovered nickel and cobalt. Relatively few plants have used the Caron Process and new installations are not anticipated due to the high energy cost of drying and reduction roasting. Nevertheless, plants in Brazil (Niquelandia), Australia (Yabulu) and Cuba continue to operate.The high pressure acid leach (HPAL) process was pioneered at Moa Bay in Cuba in the 1960’s in the treatment of limonites. In the 1990’s the HPAL process was touted to revolutionize the nickel industry with low capital and operating costs for new installations. Murrin Murrin, Cawse and Bulong in Australia were started and in each case the technical difficulties of operating at extreme temperature and pressure conditions and the challenges in “ramping up” a complex hydrometallurgical facility conspired to cause these plants to fail economically. At present, Cawse and Bulong are closed and Murrin Murrin continues to operate after undergoing a financial restructuring."

Jan 1, 2012

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