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By Don Thompson

It isn?t a lie if you don?t tell the whole truth The pictures National Geographic didn?t print Other photos National Geographic didn?t print?

May 1, 2009

By D. Imeson, T. Grammatikopoulos, M. Aghamirian, M. Oliazadeh

"More than 70% of potash is produced worldwide by froth flotation. Flotation of potash was developed in the early 1930s. Amines are widely used for flotation of sylvite (KCl) from halite (NaCl) and insoluble materials such as clays. Amine collector is also absorbed by clays. Therefore, clays are usually separated by scrubbing and de-sliming prior to flotation. Alternatively, slimes can be floated ahead of potash flotation. Flotation recoveries of sylvite are commonly in the range of 85%, while losses can occur in slimes, flotation tailings and make-up of process brine. Ores containing free coarse-grained sylvite are generally screened, whereas both fine and coarse fractions are conditioned and floated separately. The unique features of potash flotation include solubility of sylvite in water, the size of particles floated and fast kinetics. Particles up to 2.3 mm can be floated and about 50% of flotation feed can be removed in the rougher stage in few minutes. The main challenges in potash flotation are the recovery of potash from slimes, flotation efficiency in the presence of carnallite and recovery of coarse potash grains. A review of potash flotation shows that there is still room for improvement in both coarse and fine potash flotation. The present paper reviews the most significant flotation parameters including reagent type and dosage, flotation circuits, flotation equipment size and new developments in potash flotation. The latter include new reagents, flotation technologies (Hydrofloat, Jameson and column cells) larger flotation cells and slimes flotation.INTRODUCTION Potash is the common industrial term for potassium in various chemical combinations and minerals soluble in water. About 90% of potash produced worldwide is used as agricultural fertilizers. Flotation is the main treatment process of sylvinite (KCl-NaCl) ores for recovery of sylvite (KCl). Potash concentrate should contain a minimum of 95% KCl and be relatively free from 0.2 mm KCl fines. The flotation process for beneficiation of potash ores was developed in United States and Russia concurrently in the early 1930s. In 1934, Potash Corporation of America applied flotation process in a commercial scale (Tippin R.B. and Huiatt J.L). In the initial application, halite (NaCl) was selectively floated by employing lead chloride as an activator and soap as collector. The sylvite concentrate was reported in the cell underflow."

Jan 1, 2012

By R. J. Schafer-Frentz, T. G. Joseph, M. Curley

"Greenhouse gas emissions—specifically of carbon dioxide—are a concern in Canada, where industrial sectors such as mining are stringently regulated for carbon release. Cumulative emissions are positively related to fuel consumption, which is controlled by several factors. This study investigates one of these factors: the product of vehicle speed and running surface total resistance (TR; sum of rolling resistance and grade resistance). Results show that TR directly affects fuel consumption and emissions—a relationship that is mathematically predictable. Fuel consumption and emissions, which are principally associated with the durability or deterioration of wearing course materials, were analyzed to aid selection of road construction capping material of low rolling resistance. In the oil sands region in the province of Alberta, ground conditions change seasonally. Therefore, the annual fuel consumption for the same wearing course material was also compared. Results demonstrated that haul truck size was a contributing factor, but vehicle speed and TR more strongly influenced fuel consumption and emissions. ¦ KEYWORDS Carbon dioxide, Emissions, Fuel consumption, Grade resistance (GR), Greenhouse gas (GHG), Haul truck, Rolling resistance (RR), Total resistance (TR) RÉSUMÉ Les émissions de gaz à effet de serre (GES), et particulièrement celles de dioxyde de carbone, sont un problème au Canada, où les secteurs industriels tels que l’exploitation minière sont rigoureusement réglementés pour leurs émissions de carbone. Les émissions cumulées sont indéniablement en lien avec la consommation de carburant, qui est contrôlée par plusieurs facteurs. Cette étude examine l’un de ces facteurs, à savoir le produit de la vitesse du véhicule et de la résistance totale de la surface de roulement (la résistance totale, ou RT, est la somme de la résistance au roulement et de la résistance due aux rampes). Les résultats montrent que la RT affecte directement la consommation de carburant et les émissions, un lien qui est mathématiquement prévisible. La consommation de carburant et les émissions, qui sont principalement associées à la durabilité ou la détérioration des matériaux composant la couche d’usure, ont été analysées afin de contribuer à la sélection de matériau de recouvrement pour la construction de routes ayant une faible résistance au roulement. Dans la région des sables bitumineux de l’Alberta, les conditions au niveau du sol changent à chaque saison. Ainsi, la consommation annuelle de carburant pour le même matériau composant la couche d’usure a aussi été comparée. Les résultats ont montré que, si la taille des camions de transport est un facteur déterminant, la vitesse des véhicules et la RT influencent davantage la consommation de carburant et les émissions. ¦ MOTS CLÉS camion de transport, consommation de carburant, dioxyde de carbone, émissions, gaz à effet de serre (GES), résistance au roulement, résistance due aux rampes, résistante totale (RT)INTRODUCTION In Canada and around the world, global climate change has become a topic of great concern and discussion. Pres-sure on world leaders to quickly reduce their carbon footprint is prevalent, prompting new standards and regulations in various industries, including mining and oil and gas. In 2017, the Government of Alberta implemented a carbon tax. The majority of mining activities in this province are truck-shovel operations, where a large fleet of ultra-class trucks is loaded by shovels. Ultra-class haul trucks, classified as those with a capacity of 218–363 tonnes (t), emit high levels of carbon as they travel to processing entry points and waste dumps as designated by the mine plan and mine dispatcher. Mined ore and waste is typically moved over two 12-hour shifts per day throughout the year."

Jan 1, 2019

By John A. Herbst, Xiangjun Qiu

"Prediction of wear on a microscale level in mineral processing equipment turns out to be a challenging undertaking. This is particularly true for cases in which the objective is to use such predictions for wear parts design. The key to obtaining such predictions has turned out to be the use of physics based models along with phenomenological constitutive equations. In this paper, two components of the HFS tool set, one for particles (DEM) and one for slurry (MPF), are used for modeling. These tools are applied to the simulation of wear of SAG/AG shell lifters/plates and wear in slurry pumps. In each case wear predictions are validated with plant measurements.INTRODUCTIONHigh Fidelity Simulation (HFS) has emerged as an important tool set for mineral processing plant equipment design and optimization (Herbst and Potapov, 2003; Herbst and Nordell, 2002; Herbst and Lichter, 2006). This tool set consists of Discrete Element Modeling (DEM) of particle motion, Multi-Phase Flow (MPF) for liquid motion, discrete grain breakage (DGB) for particle fragmentation and discrete grain liberation (DGL) for mineral liberation (Campbell, Potapov and Tsuji, 1997; Ferzinger and Peric, 1997; Potapov and Campbell, 1996; Herbst and Potapov, 2005).Three sample snapshots of basic HFS illustrating the use of each of the various types of mineral processing equipment are shown below.Figure 1 shows a snapshot of a DEM simulation of ball charge motion in a commercial scale Vertimill. DEM simulation involves simultaneous solution of Newton’s Laws of Motion for 400,000 balls."

Jan 1, 2007

By Erwin L. Zodrow

"The neglect of including the toxic metal mercury in the list of escaping elements (Zodrow, CIM Bulletin, September 1982, pp. 138-140) was pointed out to the author in a private letter by J.E. Rehder, dated September 21, 1982. I welcome this opportunity to present my preliminary mercury research data based on coal investigations supported by N.S.E.R.C and the University College.As mercury is a volatile element and liquid at room temperature, special analytical techniques are required to determine concentrations in whole coal. In the investigation, the coal is analyzed by flameless atomic absorption with a lower detection limit of approximately 10 parts per billion, which, however, is a function of the ash contents of the coals (personal communication, J.L. Brooker, XRAL, 1981).Coal seams of the Sydney Coalfield studied so far include: the Point Aconi, a thin shaly coal, the Upper Bonar, an overrider of the Harbour seam, and the Harbour, Shoemaker and McAulay seams, all of which are shown in stratigraphic succession in Figure 1. The seams have been channel-sampled taking 15-cm coal intervals as one sample for analysis. One channel sample has been investigated from each of the seams listed (two channels were taken from the Point Aconi seam), resulting in 38 samples. Table 1 shows the results, which include mercury contents, ash and total sulphur per sample interval. Figure 2 is a frequency distribution of the 38 determinations."

Jan 1, 1982

By Bjarne Ekberg

"The most economical way of dewatering mineral concentrates is to reduce the moisture content in the material mechanically using thickeners and filtration avoiding thermal drying whenever possible. In addition to this, the dewatering process should produce low moisture cake, high quality liquid, consume little energy. As a part of the dewatering process The CERAMEC® capillary filter has been proven to meet these requirements in over 150 installations. The filtration is done by using ceramic filter plates with small pore size. The capillary action in the filter medium secures gas free filtration at good vacuum, and due to the small pore size, filtrate is crystal clean and particle free. The energy consumption is minimal. This paper will discuss results from filters installed at Pyhäsalmi Mine Oy in Finland where the technology was has been used since the late eighties. Results from more recent installations like Los Pelambres in Chile and LKAB in Sweden will also be discussed.INTRODUCTIONThe idea of using capillary action to make dewatering more efficient was invented two decades ago. Ten years later whole filter plants utilizing the new method were delivered to mine concentrators for dewatering of mineral concentrates. Further development of ceramic membrane plates made it possible to meet the requirements in iron ore dewatering. In addition to low cake moisture, high capacity and low energy consumption, there are a lot of environmental advantages in using capillary filtration. One of them is clear filtrate.CAPILLARY FILTRATIONA micro-porous filter material behaves like a large number of narrow capillaries forming a network. When a pressure difference ?P is applied over the wetted, hydrophilic pore with the radius r, the force striving to push the water out of the pore will be ?Ppr2. The force striving to hold the water in the pore will be the vector force 2pr? cosa of the surface tension ? and the cosine contact angle a. Equalling those forces and solving the equation for ?P we get"

Jan 1, 2003

By Michel Massé

Eleonore Project- Agenda ? Purpose and Technical Overview ? SmartEXEC Control Capabilities ? SmartEXEC System Archetecture ? SmartEXEC System Advantage Eleonore Project- Purpose and Technical Overview ? Control air quality while maintaining target production levels at minimum energy operating cost ? Improve safety, work place conditions and operation flexibility ? Reduce energy consumption and green house gases footprint

Aug 1, 2013

By A. R. Miller, G. Desrivières, T. MacKinnon, H. Bursey, M. C. Bétournay, B. Replogle, D. L. Barnes, P. Laliberté

"A mine production locomotive, the world’s first applied industrial fuel cell vehicle, has been designed and tested in the context of a number of proof-of-concept projects supported by the Fuelcell Propulsion Institute, an international consortium of stakeholders dedicated to facilitate the commercialization of fuel cell vehicles.The locomotive’s simple electric-powered motor and controller system was ideal to study a number of requirements related to fuel cell power application: hydrogen power plant operation, underground hydrogen use, risk and regulatory requirements, production performance versus the conventional battery- powered locomotive version under measured duty cycles and production requirements, power plant design improvements for other fuel cell vehicles, and cost benefit aspects.This article will focus on the design and testing aspects of this project which has led to successful performance demonstrations of the vehicle under surface and underground conditions at two mines. It will also present information on the creation of a safe, reliable, and efficient power plant that fulfilled its design objectives, including longer productivity time for a given vehicle fill-up."

Jan 1, 2004

By P. Tolvanen, A. Jalili

"When hard times strike in the mining cycle, sites tighten their belts and focus on lowering their unit costs. Lower unit costs can be achieved by reducing expenditure, increasing production, or by a combination of both. Faced with these requirements, site personnel must turn to areas where they can focus their effort for maximum return. For many sites, both in Canada and overseas, focusing on improving flotation cell maintenance is one of the areas where gains can be made for minimum outlay. Due to resource limitations and/or lack of equipment understanding, maintenance on many sites is only conducted on a reactive basis, once equipment fails. This paper will promote the idea that mineral processors should become more familiar with their equipment so they can ensure that the plant’s ability to produce is not compromised. By better understanding the flotation equipment and ensuring the critical components are maintained, it should be possible to unlock value in an operation. Flotation equipment inspections will be discussed in detail, including key items to look for during these inspections. Potential approaches for predicting wear and change-out time for flotation equipment components will be also demonstrated. An example of one approach used at a South African nickel site will be given.INTRODUCTIONWith metal prices decreasing and operating costs rising, concentrator operators are looking for ways to improve their bottom line. Lower unit costs can be achieved by reducing expenditure, increasing production, or by a combination of both. To meet the expectation of shareholders, mineral processors must turn to areas where they can get the best return for their efforts. One area where there is a large opportunity for improvement is in the maintenance of flotation equipment.On many mine sites, both domestically and around the world, it is quite common to see the philosophy applied of repairing equipment only once it has failed. Though some sites have advanced enterprise management systems and monitoring programs, in the authors’ experience, the decision on flotation equipment maintenance is rarely made on a proactive basis. Two common trends that are evident in the mining industry are that operations are under pressure to keep the plant producing, and maintenance managers generally have very strict budget targets to meet. In addition to these factors, few sites have a good understanding of the financial implications of running with worn or broken flotation equipment. Knights, Jullian and Jofre (2006) summarize this situation well, stating that the lack of correlation between some commonly used maintenance performance measures and key business drivers can lead to maintenance being seen only as a cost center (that needs to be reduced) rather than a tool for productivity improvement."

Jan 1, 2015

"In mining operations, it is widely accepted that strategies to drive operational goals must revolve around improving plant availability, reliability and process efficiency. In this paper, an integrated solution framework for reducing process variability, increasing process efficiencies and maximizing plant availability and reliability is discussed within the context of a typical milling circuit. The framework exploits a real-time analysis “gap” evident in production operations that prevents timeous identification of equipment and process failures. This is achieved by leveraging predictive analytics for equipment health monitoring, control loop monitoring and advanced regulatory control solutions towards enhanced process performance, improved asset management and regulatory compliance. The framework provides for early and actionable warnings on equipment and process degradation using real-time operational data.INTRODUCTION The changing landscape of gold mining and processing presents many challenges that threaten sustainability of existing (marginal) operations as well as deter investment in new projects. As existing “shallow” ore resources become depleted, mining operations are increasingly treating low-grade ores with complex and randomly variable mineralogical characteristics. For example, in South Africa, historically one of the major gold producers, the average grade of ore treated has been decreasing from averages above 4.5 – 5 g/t to current grades averaging less than 3 g/t within a decade (Chamber of Mines, 2012). Moreover, lower tonnages are being treated as a result of the narrowing of the available resource base. Also, the regulatory framework has tightened over the years due to heightened concerns on the safety, health and environmental impacts of mining and related activities."

Jan 1, 2014

By Lutz Markworth, Fernando Parra, Wolfram Jaspers

"The worldwide demand of iron ore and the depletion of the high-purity deposits make it necessary to recover ores in increasingly fine size fractions or low Fe content in the feed material. Impurities for Iron ore processing plants are mainly Silica, Al2O3 and Sulfides.There is a copper processing plant in Chile, which has a high content of Fe in its tailings. These tailings will be re-processed to recover the Fe and to produce a pellet feed concentrate. This challenging flotation process was developed by the customer in his own laboratory. Different flotation technologies were tested. The best results were achieved with the PNEUFLOT® (PNEUmatic FLOTation). For a feed capacity of approximately 600 t/h, a flow sheet of two flotation lines with a reverse two-stage Amine-Silica flotation followed by a single stage reverse Xanthate Pyrite flotation was developed.Because of the two impurities the process control is very critical. Not even the reagent dosing has to be flexible for changes in the feed material; also the flotation cell has to be adaptable. Continuous development of the PNEUFLOT® cell with their specific advantages and the elimination of dysfunctions in the PNEUFLOT® cell have led to a growing demand of this type of equipment worldwide for the iron ore industry within the past years.INTRODUCTIONThe worldwide increasing demand of iron ore is mainly caused by China. This has a major impact on all economics worldwide as the metal price indicates. However, not even the iron ore and steel price, but all other commodities prices and the precious metals prices are increasing by a high percentage. Figure 1 shows the iron ore (pellets) price increase for Fe and the import of iron ore by China. Figure 2 shows the imports of iron ore to China."

Jan 1, 2008

By D. Ouellet, G. Gagnon, B. Simser, V. Falmagne

The mining sequence at Noranda’s Bell- Allard mine calls for two mining fronts retreating toward a central pillar known as the Retreat Zone between pyramids A and C. It is clear from numerical modelling and rock mass characterization that the induced stress level in the pillar will exceed the rock mass capacity. A mining plan was developed including the redimensioning of stopes in the Retreat Zone, additional ground support and instrumentation in order to ensure the safety of the workforce and to maximize ore recovery while minimizing production delays. The mining strategy consists in allowing the rock mass to fracture and fail progressively while maintaining control of the existing openings with the appropriate support. A systematic analysis of rockbursting and caving hazards was conducted for all accesses and stopes in order to plan ground support and instrumentation needs.

Jan 1, 2004

By Ingrid Hann

The Triple Bottom Line ? Economic Sustainability ? Creation of Joint Venture companies ? Planned evaluation of other kimberlites ? Social Sustainability ? Impact Benefit Agreement and Participation Agreements ? Education and training initiatives ? Environmental Sustainability ? Environmental management ? Mine closure planning

May 1, 2008

By J. Hu, F. Lin, R. Chen, F Peng, S. Yang, W. Yu

"Microseismic monitoring technology has become one of the most effective method of mine ground pressure monitoring after decades of development. But safety assessment of mine ground pressure by using microseismic monitoring is still in the development stage, it needs to be perfected continuously in practice, and choose the optimal assessment indexes and methods. The definitions and physical meanings of wave velocity, b value, and EI-VA value are introduced in this paper. Statistical calculation of the microseismic events in Luomu Mine is finished by using these indexes, then the functions and calculation results of V, b value, and EI-VA value with the variable of time are also given in the paper. The preliminary safety assessment method is established in Luomu Mine, and it has achieved good results in practical application.1.1 Engineering background The Luomu Mine is a super large molybdenum and tungsten production base in China, ore reserves is up to 2 billion tons, first in Asia and third in the world. It begins mining since the 1960. and bases on underground mining until 2002. In order to recover resources more effectively, it began to use opencast mining method and formed a production of 30000t/d in the early 1990. After about 30 years of underground mining, a large mined out spaces was formed under open pit mine, up to area of 1.2 million m2 and volume of 18 million m3, as shown in figure 1. The large number of mined out spaces seriously affects the normal production, mining and handling of mined out spaces are in the high risk. In the past years, several rock mass collapsions happened, and it caused a serious security threat to persons and equipments. According to the distribution characteristics of mined out spaces, Luomu Mine is divided into A, B, C, D and E mining area. The stability of D mining area is studied in this article. D mining area mainly includes 1376,1350,1340,1317 mined out spaces and 1280 deep large mined out area, as shown in figure 2. The mined out spaces of D mining area is extremely complex and high-risk. Therefore, a microseismic monitoring system was built to monitor the stability of D mining area, a large number of valuable datum has been obtained, and it has a striking effect (Cheng & Peng, 2013; Peng et al., 2013)."

Jan 1, 2015

By N. Behnood

"This paper describes how material selection, quality assurance, and failure investigation play important roles in the efficiency and safety of mining and metallurgical operations.INTRODUCTION Material selection, quality assurance, and failure investigation are all complementary elements of materials engineering in the application of materials technology for failure prevention. Based on commodity price increase of 300% between 2002 to 2013 [1] and increased cost ofcapital projects and operation, equipment failure, which in some cases causes complete shutdown of the operation, becomes a vital importance in mining and metallurgical plants. The following sections present a number of examples from many failure cases experienced by the author during his three decades of work as a materials engineer in the mining industry."

Jan 1, 2015

By E. Marcoux, F. Lotfi, A. Belkabir, L. Maacha, A. C. Brown, S. Brunet

"Koudiat Aïcha is a small Zn-Pb-Cu deposit, enclosed in the Visean Sarhlef volcano-sedimentary series of the Moroccan Hercynian Jebilet massif. Base metal mineralization is located between a basal unit consisting of black argillite with arenite intercalations, and an upper unit composed of black argillite with locally fossiliferous calcareous units towards the top. Paraconcordant gabbro sills are present in both the upper and basal units, and the enclosing strata. Three successive phases of deformation linked to regional deformation overprint the volcano-sedimentary rocks and gabbros, as well as the sulfide mineralization.The mineral deposit includes several lenses of massive to semimassive pyrrhotite, 1 to 20 m thick, with a large halo of disseminated sulfide veinlets and sulfide nodules within a zone of intense chlorite alteration in the footwall. The ore mineralogy consists of massive to semimassive pyrrhotite with lesser amounts of sphalerite, chalcopyrite, arsenopyrite, galena, pyrite, and stannite.Lead isotope results (206Pb/204Pb averaging 18.27) suggest that the metals of the Koudiat Aïcha deposit are derived from the volcano-sedimentary host rocks. Sulfur isotopes also indicate a volcano-sedimentary origin, with bacterial reduction of sulfate (d34SCDT = -7.5‰ to -10.5‰). The conditions for sulfide meta-morphic equilibration range from 250° to 330°C (sphalerite and chlorite geothermometers). The gabbroic sills could have been a local heat source for hydrothermal circulation. Based on these geological and mineralogical features, a Besshi-type model seems appropriate for the genesis of the Koudiat Aïcha mineralization.Koudiat Aïcha est un petit dépôt de Zn-Pb-Cu, encaissé dans la série volcano-sédimentaire Viséenne de Sarhlef dans le massif Hercynien de Jebilet au Maroc. La minéralisation en métaux usuels se situe entre une unité basale d’argilite noire interlitée d’arénite et une unité supérieure composée d’argilite noire comprenant localement des calcaires fossilifères près de son sommet. Des sills de gabbro paraconcordants sont présent à la fois dans les unités basale et supérieure, ainsi que dans les strates environnantes. Trois phases de déformation successives associées a la déformation régionale superposent leurs effets sur les roches volcano-sédimentaires, les gabbros, ainsi que la minéralisation sulfurée. Ce gîte comprend plusieurs lentilles de pyrrhotite massive a semimassive de 1 a 20 m d’épaisseur au sein d’un large halo de veinules de sulfures disséminés et en nodules au sein d’une zone intensément chloritisée dans le mur du gisement. Le minerai consiste en pyrrhotite massive à semimassive avec des quantités subordonnées de sphalérite, de chalcopyrite, d’arsénopyrite, de galène, de pyrite, et de stannite. Les résultats de l’analyse des isotopes du plomb (206Pb/204Pb moyen de 18.27) suggèrent que les métaux du gîte Koudiat Aïcha proviennent des roches volcano-sédimentaires encaissantes. Les isotopes du souf¬fre indiquent eux-aussi une origine volcano-sédimentaire, impliquant la réduction bactérienne des sulfates (d34SCDT = -7.5‰ et -10.5‰). L’équilibration métamorphique des sulfures s’est produite entre 250° et 330°C (géothermomètres à sphalérite et chlorite). Les sills de gabbro pourraient avoir été la source de chaleur locale responsable de la circulation hydrothermale. Sur la base de ces caractéristiques géologiques et minéralogiques, il semble approprié d’invoquer un modèle de type pour Besshi pour expliquer la genèse de la minéralisation de Koudiat Aïcha."

Jan 1, 2008

By Andrew Bamber

Between the early 20th Century and the present, the production of mined copper ore has increased from tens of millions of tonnes per annum to several billion tonnes per annum, an unprecedented increase. Contemporaneously, the average grade of mined copper ore has declined from over 2% to approximately 0.5%. Again, in parallel, the price of copper has increased dramatically to reflect the increasing cost of extracting and beneficiating such large amounts of low-grade ore. Within the period the copper price however exhibited several periods of intense volatility, driven by interrelationships between demand and supply, themselves strongly driven by periodic industry developments in the fields of exploration, ore extraction, mineral processing and extractive metallurgy. It is notable that these periods of intense innovation exhibit a strong correlation to preceding periods of price, demand or production volatility. This paper examines key trends in each theme between 1900 and 2018 and draws strong conclusions as to the interrelationship between them. INTRODUCTION The production of copper metal has increased from around half a million tonnes per annum to over fifteen million tonnes per annum over the course of the 20th Century. Contemporaneously, the average grade of copper ore mined has declined from over 2% to approximately 0.5% copper by weight. As a result, the volume of Run-of-Mine (ROM) copper ore required has increased from around ten million tonnes per annum to over a five billion tonnes per annum over the period, an unprecedented increase. The adage is that demand drives supply, that prices rise in times of high demand and/or short supply, and that prices fall when supply catches up with demand. The market sellers in biblical times knew this well; mediaeval market sellers equally. Dutch tulip sellers in the 1600’s experienced both in extremis — much to their dismay — and the great industrialists and early capitalists of the industrial revolution knew this also. Mining recently went through a cycle where investors and producers both believed that the “old” rules did not apply any more and that the industry was in a “supercycle” where prices would continue to rise on the back of increasing demand. However, as the GFC of 2008–2011 showed, this was not to be. Another adage says that we constantly innovate to lower costs of production. Is this true? Do we only innovate to lower cost? Has the true cost of producing copper actually gone down over the century? Or are there other balancing forces at play? Herb Kellogg, in his Centenary address to the American Institute of Mining Engineers (now SME), categorized two types of innovation: ‘Bigger and Better’, and ‘New Process’ (Kellogg, 1970). ‘Bigger and Better’ allows increased production at presumably lower cost; ‘New Process’ supports the same result at presumably the same scale, but at significantly enhanced efficiencies and (therefore) lower cost. It is suggested that both types of innovation are constantly and interchangeably required to achieve the kind of scale-up, at achievable operating and capital cost that the industry has achieved over the period. What can be shown, over this last Century and a bit, is that supply and demand are indeed inextricably linked, price and demand are linked, but so are price and cost of production. And the innovation required to sustain that weaves in between them all, cost-effectively increasing production capacity or lowering the cost of production at the same throughput, and sometimes both.

Jan 1, 2019

In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned. A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view

Sep 1, 2004

By A. Cabañas

"In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned.A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view. IntroductionThe copper price traded in the London Metal Exchange is a relevant parameter for defining macroeconomic policies of producing countries like Chile. It is also a key factor for the mining companies, since fluctuations in the sell price affect the expected financial flows. Due to the amount of money involved in decision-making, it is necessary to have accurate forecasts of the future copper prices and to quantify the uncertainty associated with such prices.This paper focuses on the annual copper price estimation in the short and medium terms, i.e., from one to five years into the future. Henceforth, the word “estimation” will be used as a synonym of “forecast,” according to the geostatistical jargon (Matheron, 1989).Two main approaches, based either on statistics or econometrics, are currently used to forecast commodity prices, but both of them are not very accurate when applied to copper. First, the main methods are briefly reviewed, then the geostatistical formalism will be presented. So far, the latter approach hardly has been used to estimate commodity prices, although it may reconcile both statistics and econometrics via (1) the use of a stochastic approach and (2) the handling of ancillary variables related to the copper market. Another advantage of geostatistical techniques is the ability not only to forecast the copper price, but also to measure the uncertainty associated with it."

Jan 1, 2004

By D. M. Doyle

A study of the various components contributing to energy costs and their relationships to generally trended operating data, such as tonnage, operating costs, etc., over progressively shorter time periods provides information for an energy audit. A study of annual data gives some insight into the importance of various energy components. As the time frame of the study progresses through monthly, daily and, finally, into quarter hourly data, the variations become more evident and, most important, strategies develop to minimize energy costs. The results of an audit conducted during the summer of 1978 at Wesfrob Mines Limited are reported to illustrate this important phase, prerequisite to a meaningful energy cost avoidance program. The balance of the paper deals with the energy conservation program at Falconbridge Nickel Mines Limited's Sudbury operations, the metering and control equipment, the commitment, the new energy accounting practices and, lastly, the policies. Examples of successful energy conservation endeavours include automatic peak electrical load control, waste heat recovery from mine air and compressor cooling water, energy reductions resulting from lower building temperatures and curtailment of idling loads. The use of pulse meters to measure the flow of gas, steam, compressed air and electrical energy, with their signals interfaced to process computers, allows monthly, daily and, if necessary, immediate reporting of energy and energy per unit of production information The program so reported at Falconbridge's Sudbury Operations is credited with an annual cost avoidance of .9 million dollars in a 14.0-million-dollar annual energy account

Jan 1, 1979