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By Jaeheon Lee, Junmo Ahn, Isabel F. Barton

"Newmont’s Mike prospect, currently undeveloped, is a blind Cu-Au(-Zn) deposit on the Carlin Trend, containing >8.5 M oz. Au, 1027 M lbs. Cu, and 809 M lbs. Zn as Carlin-type gold and polymetallic Cu-Zn minerals in Paleozoic lower-plate carbonates and shales. This project was undertaken 1) to examine the effectiveness of different lixiviants for leaching the Mike supergene Cu-Au ores via bottle roll tests, and 2) to determine what ore minerals resist dissolution in each leaching agent by comparing the mineralogy and chemistry of head and tail samples. Sulfuric and sulfurous acids were used to leach copper and cyanide was used to leach gold. Thiourea, glycine, and other lixiviants were used to leach both base metals and precious metal. QEMSCAN and SEM study of six samples of different ore types and grades indicate that the Au occurs as varieties of native gold, including auricupride and electrum. Major Cu minerals are native Cu, cuprite, malachite, chrysocolla, and conichalcite (Ca-Cu arsenate), with locally significant Cu in jarosite and goethite. Gangue mineralogy is dominated by quartz, sericite, chlorite, alunite, smectite and kaolinite, K-feldspar, and iron oxides (sensu lato). Results of bottle roll tests and leach residue mineralogy will be presented and discussed at the conference.INTRODUCTION Resource and Geologic Setting The Mike deposit is a large, blind Cu-Au(-Zn) deposit in the Maggie Creek district of the Carlin Trend of Nevada, USA, near the Gold Quarry mine (Figure 1). The mineral inventory, based on drilling, is 8.568 Moz. Au, 1027 M lbs. Cu, and 809 M lbs. Zn at average grades of 0.72 g/t Au, 0.34 wt% Cu, and 2.13 wt% Zn (inventory for a cone at $400/oz Au and $0.80/lb Cu by Norby and Orobona, 2002)."

Jan 1, 2017

By A. Haldar

This study focuses on the flow characteristics of hypereutectic Al-Si alloys in thin sections. The pattern assembly consisted of spiral horizontal patterns, 6.25 mm (0.25 inch) and 12.50 mm (0.50 inch) in thickness with a common sprue. Al-Si alloys with silicon levels of 14%, 18% and 22% were poured with superheats of 60°C, 115°C and 170°C. It was observed that metal fluidity (in terms of flow length and metal velocity) increased with increase in silicon levels and superheat for both section thicknesses. It was also observed that, for a section thickness of 6.25 mm (0.25 inch), silicon level had more pronounced effect on the metal fluidity. For 12.50 mm (0.50 inch) thickness, both silicon level and superheat affected the metal fluidity. The surface hardness of the castings increased with an increase in silicon level of the alloys at the gate and the flow tip. Detailed study of the flow tip was also carried out with a view to understanding the effect of silicon level and superheat on undulated flow length, surface hardness and microstructure.

Jan 1, 2007

By A. J. McLaren

Introduction Gold holds an important place among the mineral products of Manitoba. In value, it ranks second only to copper, which in 1931 attained first place. The gold production increased from 23,189 fine ounces in 1930 to 102,969fine ounces in 1931. The production for 1930, worth $479,359, came almost entirely from the Central Manitoba mine. The production for 1931 was worth $2,128,558, of which $1,509,018 came from the Flin Flon mine, $528,951 from the Central Manitoba, and $83,497 from the Sherritt Gordon. The Gem Lake mine and some prospects produced $7,785. The total output of gold in Manitoba, from the first recorded production in 1917 to the end of 1931, is estimated at 178,669 fine ounces, valued at $3,693,332. The production for 1932 promises to reach a new high record, due chiefly to the stepping-up of tonnage at the Flin Flon plants and the coming into production of the San Antonio mill in May. History The Manitoba Act, constituting Manitoba a Province of the Dominion, was passed in 1870 and provided for the vesting in the Crown of all un-granted or waste lands of Manitoba, as well as for the administration of these lands by the Dominion of Canada for the purposes of the Dominion "subject to, and except and so far as the same may be affected by, the conditions and stipulations contained in the agreement for the surrender of Rupert's Land by the Hudson's Bay Company to the Crown". Included in these waste lands were large areas later prospected and staked out as mineral lands. Up to the year 1912, that vast territory extending from the 12th base line to the 60th parallel of latitude, and from the Saskatchewan boundary to Hudson bay, was part of the District of Keewatin. Although added to Manitoba in 1912, the administration of its mineral lands also remained vested in the Dominion, so that all mineral lands within the Province upon which deposits of gold ore have been found were disposed of and administered by the Mineral Lands Division, Department of the Interior, until the transfer of the natural resources to the Province of Manitoba, on July 15th, 1930.

Jan 1, 1932

By Doug Milne

Linking Classification Systems with each other Similar Parameters between systems Different Rock Mass Properties Rock Mass Classification parameters and geology Different sources of data Commonly Used Rock Mass Classification Systems Q? = Q with SRF = 1.0 RMR? = RMR with no joint orientation correction RMR76 = 9lnQ + 44 RMR?76 = 9lnQ? + 44 RMR76 = RMR89-5 RMR?76 = GSI = RMR89-5 MRMR = ??MRMR

May 1, 2013

By John T. Ling

"This paper describes the operation of a rope haulage used as the main system of transportation in an underground coal mine. Prince Colliery, which is operated by the Cape Breton Development Corporation, has been in operation for 23 years and produces 1.2 million tonnes of coal annually. The mine extends a distance of 8000 metres under the Atlantic Ocean. All personnel and supplies are transported by means of an endless rope haulage system consisting of a train of rail cars that are operated by an electric engine on surface. The wire rope is 15 km long and weighs 63 tonnes. The system is believed to be the longest of its type used in an underground coal mine. The design of the system, safety features of the haulage, and problems encountered during the design and construction are described. IntroductionCoal has been mined commercially in Cape Breton, Nova Scotia since the 1800s. Several coal seams that are part of the Sydney coal fields, dip toward the north and northeast out under the Atlantic Ocean at angles between -4 and -15 degrees. Coal has been economically mined at depth in excess of 1200 m and more than 11 km from the coastline.Traditionally, single and double drum hoists have been used to haul the coal to the surface and also for transporting the workers and the materials required for mining up to 8 km. With the introduction of mechanized mining methods in the late 1960s, conveyor belts began to replace rope hoists for coal transportation. Improvements in hoisting system design also allowed for drums that could wind up to 6100 m of 32 mm wire rope in 15 layers.These hoists are commonly referred to as “drop hoists” because they take advantage of the gradient of the slope to assist in allowing the mine car train to reach the end of travel. The cars travel on steel rails and the rope is guided by rollers to reduce friction in the system."

Jan 1, 1999

By X. Xu, J. K. -W. Wong, J. -Y. Delenne, K. Soga

Hydraulic fracturing (HF) is a mulit-scale and multi-physics process which makes numerical modelling challenging. Conventional numerical models focus on multi-physics nature of HF but the multiscale nature is compromised by idealization of reservoir to be continuous, homogeneous and isotropic. However, natural fractures take a significant role in the success of HF for exploration of unconventional resources like Shale gas. Advancement in microseismic monitoring provides useful data for simulation in a much greater details. There is an urgent need to develop a suitable numerical tool for multi-scale threedimensional simulation to better understand the roles of discontinuities and heterogeneity in reservoir and its interaction with HF, especially to address the environmental concerns such as induced seismicity. In this paper, a simple discontinuum numerical method – Lattice Element Method (LEM) is proposed to model HF in a large scale three-dimensional model. A reservoir is modelled as a lattice network composed of 1D Hookean’s spring. Fracturing is modelled simply by removing lattices that meet a specified threshold as determined by the critical energy release rate of the rock. By introducing disorder in the model, mesh dependency in modelling fracture growth is minimized. Fluid flow is simplified as flow in pipe network and the permeability of pipe is related to fracture aperture by cubic flow law. Therefore, fracture flow and rock deformation are fully coupled. In this paper, four simulations of the same configuration except with different degrees of reservoir heterogeneity are presented. Fractures formed are diffusive and two groups of fracture are identified – connected fractures and isolated fracture without clear spatial correlation. The former forms a ‘fracture cloud’ and contributes to fluid flow and modeled by pipe network. The flow of fluid is highly tortuous and pipe network is sparely connected. The degree of reservoir heterogeneity controls the growth of ‘fracture cloud’ and pipe network. Microseismic monitoring often shows diffusive fracturing during HF on site and hence the outcome of the proposed model can be compared to such monitoring results.

Jan 1, 2015

By D. Van Tonder

ABSTRACT The comparative economics of ion exchange and direct precipitation have been analyzed by developing indicative CAPEX/OPEX models for typical alkaline leach uranium circuits. An agitated tank ore leach application is considered, comparing resin-in-pulp and direct precipitation as recovery options. Capital and operating cost estimates are derived from rates and factors used in recent studies and projects. The analysis showed the main economic drivers to be the ore grade and resin loading. The resin loading is impacted by the prevalence of competing ions, especially chloride. At resin-in-pulp solution chloride concentrations below 3 g/L and uranium grade below 640 g/t U3O8, resin-in-pulp is more economical, whereas at chloride concentrations above 3 g/L, direct precipitation is more economical.

Jan 1, 2012

By Larry J. Hulbert, Louis J. Cabri, John L. Campbell, Gilles Laflamme, Chris G. Ryan, Soey H. Sie, Rolando Lastra

"Abstract- The mineralogy of samples from the Wellgreen Cu-Ni-Pt-Pd deposit, Yukon Territory, is complex and the metals of interest are contained within fme-grained minerais which vary in size and mineral associations from sample to sample.The major Ni carriers are pentlandite and violarite; the major Cu carrier is chalcopyrite. About 700Jo of the major Ni carriers and 78% of the major Cu qmier will be liberated at a grind of 80% -'}f,.7 J.Uil (-500 mesh) for typical low-grade gabbro (West zone, sample No. 1). For typical ""clinopyroxenite"" (West zone, sample No. 2) and typical ""clinopyroxene-rich peridotite"" (East zone, sample No. 3) the liberation would be 71""lo and 65% for Ni, 74% and 60% for Cu, respectively. Fine grinding, however, cannot liberate the Ni contained in silicates and pyrrhotite, estimated to total24.5% for typicallow-grade gabbro (West zone, sample No. 1), 15% for typical ""clinopyroxenite"" (West zone, sample No. 2), and 12% for typical ""clinopyroxene-rich peridotite"" (East zone, sample No. 3).The principal Pt carrier (sperrylite) varies considerably in grain-size between samples and fme grinding, required to liberate the major Ni and Cu carriers, may be counterproductive in samples where sperrylite is relatively coarse-grained, as sorne would then be unrecovered (e.g. sample No. 1). In addition, sperrylite in samples No. 2 and No. 3 is closely associated with magnetite.Palladium occurs in diverse ways. It occurs in the form of several Pd minerais (e.g. sudburyite, testibiopalladite, merenskyite), as a replacement for Ni in several tellurides, antimonides and tel­ lurantimonides (e.g. melonite), or as very low concentrations in pentlandite (up to 34 ppm), chal­ copyrite (up to 9 ppm), and pyrrhotite (up to 5.6 ppm). Palladium minerais and Pd-bearing minerals are strongly associated with chalcopyrite in sample No. 1 and will thus report to a Cu concentrate. However, 22% of the total Pd is in solid solution in pentlandite in this sample and will thus report to the Ni concentrate. In samples No. 2 and No. 3, less Pd occurs in solid solution in pentlandite, and the PGM are distributed mainly among pentlandite, chalcopyrite, and magnetite in sample No. 2, and among pentlandite, pyrrhotite, chalcopyrite, and magnetite in sample No. 3. Therefore, the feasibility of magnetic concentration should be investigated for samples like No. 2 and No. 3, in order to improve Pt and Pd recoveries.Rhodium was found to occur as rare hollingworthite, in sparse cobaltite (up to 2.7%) and, as low concentrations in chalcopyrite (to 10 ppm) and pentlandite (to 12 ppm) by proton microprobe. Iridium occurs in hollingworthite (up to 7.8%) and very rarely as the native metal or in an undefmed Re-Ir-Os-Ru alloy. Ruthenium was determined by proton microprobe analyses to occur in pentlandite (up to 13 ppm) and chalcopyrite (up to 10 ppm), in addition to rare laurite and Re alloy."

Jan 1, 1993

By G. H. Montgomery

THE PROPERTY of Aunor Gold Mines, Limited, consists of eleven claims, located in Deloro township, approximately three miles southeast of the town of Timmins. Production began in 1940 and currently the mine is operating at a rate of 485 tons per day. GEOLOGY AND MINE DEVELOPMENT The ore zone at Aunor occurs in altered lavas bounded on either side by soft talc-chlorite schist, locally known as 'soapstone'. The zone has a strike of N.80°E, dips 60° North, and varies in width from 0 to 250 feet. Within this zone the main orebody has a westerly plunge, away from the No. 1 shaft area (Figure 1). The mine is developed by a vertical three-compartment shaft from surface to the 3,082-foot horizon. Working levels are spaced at 125- foot intervals from the 625-foot to the 1,625-foot horizon, from which to tl1e 2,125-foot level the interval is 250 feet.

Jan 1, 1957

By A. Ghirian

Once cemented paste backfill (CPB) is transferred and placed into a mine stope, various coupled mechanisms will take place in the CPB material or structure. It will be subjected to strong coupled thermal (T), hydraulic (H), mechanical (M), and chemical (C) processes. Field studies have shown that the in-situ properties and performance of CPB differ from those obtained in the laboratory. This is mainly due to effects of the aforementioned coupled THMC mechanisms or processes. For a reliable and cost-effective design of a CPB structure and barricade, it is crucial to have a proper understanding of the THMC behaviour and evolution of CPB. Also, it is important to consider the effect of coupled THMC factors (e.g., self-weight pressure, drained/undrained and thermal conditions, pore pressure) while curing the CPB specimens. For this purpose, a laboratory setup is developed to investigate the properties of CPB materials. The setup is capable of curing CPB specimens (10 cm in diameter and 20 cm in height) under controlled vertical pressure (curing under stress) and various coupled THMC conditions, while continuously monitoring the evolution of total stress, pore pressure, suction, temperature, water drainage, chemical composition of the pore water and vertical deformation. Once the required curing time is achieved, the specimen can be extracted and then subjected to experimental tests of interest, such as those that determine the Unconfined Compressive Strength (UCS), shear strength parameters, saturated hydraulic conductivity and thermal properties. In this paper, we describe the developed experimental setup and present some results of the THMC behaviour of CPB under various curing stresses and rates of backfilling. The obtained results show that the THMC properties of CPB are strongly coupled due to several mechanisms, such as self-weight pressure, heat of hydration and suction development as a result of self-desiccation. The findings can assist researchers and practitioners to better understand THMC behaviour and thus design more cost-effective CPB structures.

Aug 1, 2013

By J. P. Dick

THIS paper is a description of the milling practice and metallurgy at the Moneta Porcupine mine, Timmins, Ontario. The results obtained with an all-cyanide circuit and later with flotation followed by cyanidation are described. The ?investigation which prompted the various changes in milling practice have also been dealt with. Moneta ore is possibly the most refractory now being milled in the Porcupine district. This is due to the ultra fine state in which the gold occurs and to its intimate association with pyrite. No doubt there is ore of similar characteristics on the neighbouring properties but it probably forms only a small portion of the tonnage being mined, whereas at Moneta the bulk of the ore requires an extremely fine grind to liberate the gold. The fineness to which an ore can be ground economically has gone far beyond what was thought to be the limit only a few years ago. Formerly, a set of standard screens was all that was required to measure the fineness to which an ore was ground. At present, the Haultain infrasizer is practically indispensable, and the nominal micron has become a familiar unit of measurement to all those dealing with the problems of fine grinding.

Jan 1, 1941

"3.1. IntroductionAmong the six platinum-group elements (POE), four have identical cubic symmetry, two identical hexagonal symmetry (Table 3.1). Despite crystallographic differences, there is a clear relationship expressed in the chemistries of the POE: they tend to be mutually soluble in one another and can frequently substitute for one another in compounds with other elements. This chapter consolidates the data on phase relations of the POE and the compounds they form with elements selected for their known or potentially important mineralogical significance- As, Bi, Cu, Fe, Hg, In, Ni, Pb, S, Sb, Se, Sn and Te-together with selected data for the occurrence of POE in certain elements such as Au and Ag, and compounds such as FeS. Resources used to compile the data are those available from the chemical, mineralogical and metallurgical literature. First each element is discussed, with composition limits of solid solutions drawn from binary phase diagrams. Single element data are followed by a discussion of the relevant binary systems and a tabulation of data for binary compounds found in those systems (Table 3.2). Tables and diagrams for the ternary and quaternary systems for which information is available follow, and finally the very limited information on the solubility of POE in mineralogically important elements and compounds is presented.The chemical, mineralogical and metallurgical literature on the unary and binary systems is extensive and widely scattered in many languages and publications; fortunately, most of the data needed to compile this chapter can be found in reliable compendia. The most useful and most recent of these works is by Moffatt (1979), because it provides a ready index to all material relating to binary systems listed in previous compendia; furthermore, the Moffatt compendium will reportably be kept up to date by annual supplements."

Jan 1, 1979

By A. C. de Araujo, M. G. Barbosa, R. Martino, S. Gaydardzhiev

The Iron Quadrangle district is a world-class iron ore mining district in the region of Belo Horizonte, capital of Minas Gerais state, in Brazil. Many mining companies have been mining high-grade hematite ores for decades throughout the region. The mines reserves often include itabirite ores which are available in high volumes, but have lower iron grades than hematite ores and require elaborated mineral processing to meet the requirements of downstream steelmaking. Itabirite ores have acquired importance, with the depletion of high-grade hematite reserves due to their intensive mining. The objective of this paper is to propose a geometallurgical model for the processing of itabirite ores from an Iron Quadrangle deposit, which will allow predicting the behaviour of ores throughout the deposit, according to their local variations. An initial step consists in characterizing representative samples of the different ores to acquire mineralogical and textural data. Then, itabirite ores of known characteristics are processed with different techniques, in order to extract the trends and key parameters upon which the geometallurgical model is developed. At first, the model takes into account the particle size distribution and its shift during mining and screening, as well as the chemistry and mineralogy of the material. Then, using the previously identified key parameters such as iron recovery, the model predicts the composition of the processing products. Finally, this data is used to model the mineralogy and mass recovery of the products. The geometallurgical model is of great importance, as it is able to model the processing of any sampled ore throughout the deposit. The incorporation of the results in a mining block model will assist mine planning and opens new opportunities for an optimized mining schedule.

Jan 1, 2016

By G. E. Norman, J. F. Jackson, A. L. Mckague

"The treatment of nickel-copper concentrate in the new smelter at Falconbridge Nickel Mines Limited, Falconbridge, Ontario, is described. The concentrate in a slurry form is partially roasted in a fluid-bed roaster and the calcine is smelted in an electric furnace. The roaster gases are treated in an acid plant. IntroductionSmelting began at Falconbridge in 1930 with the first blast furnace treating high-grade ore containing 2-3% nickel. In 1933, the Falconbridge concentrator was built and started producing a bulk sulphide concentrate containing 4% nickel. A sinter plant was built to agglomerate and partially roast this concentrate. The sinter was smelted in blast furnaces along with high. grade magnetic ore. Matte from the furnaces was treated in Pierce-Smith converters to produce shipping matte which was refined at the company's plant in Norway."

Jan 1, 1980

By M. E. Holuszko

Although there is no widely accepted rigorous definition of handleability, the handling coal characteristics often referred to as handleability define whether a coal has the ability to flow unhindered through the processing and transportation systems. The handleability may be severely affected if fine coal particles tend to aggregate. In the pelletization process, the rolling action of the drum is applied to bring the individual particles into proximity with each other so that they can aggregate and form pellets. Because of apparent similarities between these two processes, the pelletization tests are carried out in parallel to the handleability tests in this project, and the pelletization results are used to explain coal handleability properties.

Jan 1, 2004

By Roger Francis

There is increasing use of acid leach extraction methods at elevated temperatures and pressures by the mining industry. In many locations there are limited supplies of fresh water, and waters with higher chloride contents must be used, making conditions more corrosive. The fluids downstream of the main autoclave are hot, acidic, oxidizing and contain chlorides and present a challenge to the mining community to ensure reliable operation. Zeron 100 is a high strength superduplex stainless stee, that offers high corrosion resistance at a cost effective price. The paper presents a combination of laboratory data and service experience, particularly in the aggressive fluids found in downstream processing.

Jan 1, 2010

By M. J. Nicol, T. Moyo

Ammoniacal solutions are an effective lixiviant for the oxidative dissolution of some mineral sulphides. A detailed study of the anodic dissolution of chalcopyrite in ammonium sulphate-ammonium hydroxide solutions has been carried out using cyclic voltammetry, chrono-amperometry and rest potential measurements. The role of the copper(II)/copper(I) redox couple in the oxidation process has been evaluated. Rest potentials have been found not to be affected by oxygen but to increase with an increase in initial copper(II) concentration. Pseudo-steady-state anodic current densities measured in the absence of copper(II) ions at the rest potentials obtained in the presence of copper(II) ions increase with increasing concentration of copper(II) ions, confirming the positive effect of copper(II) ions on the rate of dissolution of the mineral. Cyclic voltametric and chrono-amperometric data show that in the absence of initial copper(II) ions, the rate of dissolution in the presence of dissolved oxygen is significantly lower. These results confirm that the effective oxidant for the mineral under the conditions of the study is copper(II) and not dissolved oxygen. Coulometric measurements have been used to establish the stoichiometry of the anodic reaction at different potentials.

Jan 1, 2014

By J. R. Levin, E. J. Schelter

"We present some of our recent efforts in the development of predictive, directed oxidation chemistry of cerium(III) complexes under non-aqueous conditions. The electrochemistry of cerium(III)- alkali metal heterobimetallic aryloxide complexes is reported and compared with cerium aryloxide complexes that are kinetically stabilized by hydrogen bonding cations that span between the complexed aryloxide ligands. Comparative electrochemical measurements reveal differences between the heterobimetallic complexes and the hydrogen-bonded complexes.INTRODUCTIONThe rare earth elements comprise the lanthanides, La–Lu, and the element yttrium (Aspinall, 2001). Rare earth ores such as monazite, LnPO4, and bastnäsite, LnFCO3, typically bear mixtures of light rare earths: La–Sm while monazite, LnPO4, contains mixtures of heavy rare earths (Eu–Lu) (Cotton, 2006). Pure rare earth elements typically are isolated using a liquid-liquid separations process.(Bautista, 1995) The hydrometallurgy of these elements is a difficult problem because the separation factors between neighboring rare earths, which are predicated on the small differences in the sizes of the trivalent ions, are quite small (Cox, 1992). The element cerium, with its 4f1 electronic configuration in the trivalent state, is unique among the rare earth elements due to a relatively accessible 4f0 electronic configuration. The accessibility of the 4f0 configuration underlies the chemistry of cerium(IV), the only rare earth ion with molecular chemistry in the tetravalent oxidation state (Cotton, 2006). Cerium is trivially separated from mixtures of light rare earths by making use of its unique oxidation chemistry. In an effort to extend separations chemistry by oxidation reactions to other rare earth elements such as terbium and praseodymium, the solution electrochemistry of well-defined cerium complexes is of interest."

Jan 1, 2012

By G. Kallfa P. Geo

Exploration at both Greenfields and Brownfields stages entails business risks of different nature and success rates. Greenfields exploration is exceedingly assumptive and the success rate of exploration or return on investment is low because exploration is an inherently risky business. Brownfields exploration on the other hand is less risky, as the geology is better understood, but generally speaking since the larger ore bodies close to surface have already been found the return is lower. In addition, most exploration at the Brownfields stage is generally more expensive due to extensive use of drilling. Surface geology mapping and expensive drilling have been key technical contributors to most exploration programs over the last two decades. However, as client expectations, logistics, target depths and complexity of exploration programs increase, there has been a growing emphasis on using geophysical techniques to complement other methods. Integration and optimization of various geoscientific disciplines is becoming more important in successful exploration programs of the future to reduce exploration risks, successful integrated exploration requires putting reliable geophysical parameters and correspondent petrophysical property contrasts into an assumed or conceptual geological model. This paper discusses a new multi-parameter geophysical methodology finalized in a unique conceptual geologic model which can be used either as a root model in grassroots exploration or as an efficient tool in Brownfields exploration to successfully find satellite orebodies of almost any size. The application of a new multi-parametric geophysical approach to Brownfields exploration is illustrated with examples from Manitoba, including a past producing nickel sulphide deposit in Lynn Lake and the Reed Copper deposit, currently in development.

May 1, 2013

By Paul T. Fitzgerald

Risk financing solutions are emerging to fully address environmental liabilities for mining operations. Supported by specialized insurance and alternative risk transfer (ART) products, mine owners can fund, cap and guarantee the environmental liabilities and closure obligations of a mine within a financial structure that will be acceptable to regulators. An environmental risk financing program will permit an owner to transfer the liabilities and indeed the ownership of a site to a third party that has the ability and resources to responsibly execute the closure plan. A properly structured program will be financially viable for the owner and will also respond to community and environmental opposition concerns about sustainable development and the environmental legacies associated with mining activities.

Apr 1, 2005