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By M. Ruel

In today's highly competitive worldwide market, it is becoming extremely important for managers to make sure that all resources are used where needed the most. That way, all resources are generating added value, process control equipments are maintained in an optimal state for best performance, and final product is produced at least cost. Performance monitoring is the only way to ensure that everyone is working on top priorities toward the same goal. How can we add value to these warehouses of data? The data is there and the information is hidden; it is just waiting to be extracted. A process performance monitoring system is able to determine if a loop, a system, a unit, or a plant meets the expected performances. The system prioritizes the areas that need attention. It also provides historical reports of the plant status by areas, by loops, and by identified problems. This information is provided to different categories of users in an appropriate format for each one. The system also includes diagnostics and tools to detect and analyze problems.

Jan 1, 2007

By A. M. Cann, C. I. Godwin

"The Kemess porphyry copper-molybdenum deposit occurs in the Intermontane Belt of north-central British Columbia. The deposit is in andesitic to basaltic flows and tuffs which may be correlated with the Savage Mountain Formation of the Upper Triassic Takla Group. Most known chalcopyrite and molybdenite is associated closely with a 500-m-diameter zone of intense quartz-sericite-pyrite alteration. A zone of supergene enrichment, up to 30 m thick, underlies a leached capping about 20 m thick. The age of mineralization and the surrounding granodiorite and quartz monzonite pluton is Early Jurassic. K-Ar and Rb-Sr analyses indicate that the mineralization and alteration is slightly younger (l82±6 Ma) than the granitic intrusion (KAr: about 205±6 Ma; Rb-Sr: 190±4 Ma). The low 87Sr/J6Sr initial ratio for the granodiorite is typical of plutons in the Intermontane Belt.IntroductionKemess is a medium to small porphyry copper-molybdenum deposit with significant gold and silver values (Pilcher and McDougall, 1976). This paper describes the lithologies and alteration at this property; geochronology by Rb-Sr and K-Ar methods defines the ages of mineralization and surrounding plutons to be Early Jurassic.The property, located in the Thutade Lake area of northcentral British Columbia (NTS Map 94E; lat. 57°04'N; long. 126°44'W), is about 425 km northwest of Prince George (Fig. 1). Closest road access is 35 km southeast of Kemess. Final access must be by float plane or helicopter. The British Columbia Railway right of way passes 70 km to the southwest of theproperty.A prominent gossan zone at Kemess was staked in 1967 by Kennco Explorations (Western) Ltd. following detection of geochemical anomalies during stream sampling the previous year. During 1968, 1969and 1971, Kennco completed 232 m of X-ray diamond drilling, conducted geological mapping and carried out geochemical sampling of silts and soils (Stevenson, 1969; B.C. Ministry of Energy, Mines and Petroleum Resources, G.E .M., 1969 and 1971). Getty Mines Ltd. optioned Kemess in 1975and 1976. They remapped the area and diamond drilled 12 BQ and NQ holes, totalling 2065 m (B.C. Ministry of Energy, Mines and Petroleum Resources, Expl. B.C., 1975)."

Jan 1, 1980

By Owen Owens, W. P. Armstrong

Abstract- The process of arriving at the size and grade of: (a) a newly-discovered body of mineralization, (b) a potential ore resource, (c) an orebody proposed for mining, or (d) the ore reserves in a mine, requires fundamental geological, and geometrical determinations as well as physical and chemical analyses. This paper outlines geological and geometrical features considered critical, in the authors' experience, in realistic reserve determination. These are discussed under the headings "The Four Cs". They include the Character, type or nature of the mineralization; the Continuity of various types of mineralization in the deposit; various key concerns in the Calculation besides the mathematics; and the Classification section which refers to basic considerations in classifying a mineral estimate. It is suggested that the responsibility for the calculation of a Resource or Reserve should be that of a geologist experienced in the ore type under review. Further, it should be the responsibility of the board of directors of the company owning the deposit to ensure that a sufficiently experienced person is chosen to carry out the process.

Jan 1, 1993

By S. Parent, J. -F. Lepage, S. Glover

"Goldcorp – Eleonore’s 7 000 tonnes per day gold mill was started up in October 2014 and achieved commercial production in April 2015. During the first year, operation has faced challenges from grinding, flotation, sulfide cyanidation and tailing filtration to achieve targeted throughput, availability and recovery.The optimization of non-sulfide tails filter cloth lifetime and filter press availability had the most significant impact on ramp-up of both mill throughput and availability. A change in steel ball addition size to the grinding circuit was made to meet the targeted p80 of 65 µm. Various optimization efforts were conducted on the flotation circuit, intended to recover all sulfide-bearing minerals. The goal is to attain the environmental target of 0.12% sulfur in flotation tails (to eliminate acid mine drainage or AMD), while an average of 0.31% sulfur was obtained over the first months of 2015. Collectors, frothers, activators and hydrodynamic parameters were tested to improve the circuit desulfurization efficiency. High sulfide reactivity in pre-oxidation and cyanidation severely impacted dissolved oxygen levels and cyanide consumption. Studies were undertaken to understand the effects of mineralogy, grind size and leach conditions on gold dissolution kinetics and cyanide consumption. Efforts were focused on pre-oxidation to restore dissolved oxygen levels as well as optimizing both lead nitrate addition and pre-oxidation time.INTRODUCTIONGoldcorp Eleonore’s mill commissioning started in September 2014. It was considered to operate the mill at 3 500 tpd during design, as the mine was planning to operate at this throughput for the first year. However, with the stockpile of ore and a higher throughput from the mine, the mill was able to run at higher tonnage than initially anticipated.While increasing tonnage, a few bottlenecks were discovered and overcome in areas such as filtration and cyanide destruction. There were also recovery issues which were addressed in areas such as grind and sulfide leach. This paper focusses on the first complete year of operation ending September 30th 2015. A process description and the flowsheet are presented below and it will then go into detail about operational, metallurgical, mechanical and design issues experienced during the year."

Jan 1, 2016

By G. F. Trainor

The complex ore body at CNRL?s Horizon mine presents some unique challenges in managing ore and waste delivery. With 25m x 25m ore blocks shovels often take bucket loads from multiple blocks to fill one truck load. With CNRL monitoring 22 different qualities per material a precise calculation of the blended quality of ore on the back of each individual truck is essential to meet the daily blend requirements at the plant. Additionally, one of these qualities must be closely monitored and controlled at a singular level as delivery of certain grade and quantities can cause serious disruptions at the plant. The waste material also requires special handling and delivery for its use in dyke construction for tailings impoundment. Shale materials used in the construction contain high levels of saline that must be contained to prevent seepage into ground water. This paper will discuss how the use of Wenco?s survey-grade GNSS system on shovels, its dispatching algorithm, and fleet management applications give CNRL the ability and confidence to control and report on these three issues.

May 1, 2013

By John Canterford

Quay Magnesium Limited (QMG) listed on the Australian Stock Exchange in late September 2004 having raised approximately A$30 million with the object of designing, constructing, commissioning and operating a 15,000 t/a magnesium alloy production facility in Nanjing, China, Site construction commenced in February 2005 with installation of all major components completed by the end of October 2005, Hot commissioning was simultaneously commenced with the final stages of installation, leading to the first stage of continuous ingot casting by mid November 2005, Since that time ramp-up to the name plate capacity has been undertaken, This presentation highlights some of the more significant technical and logistical hurdles that have had to be overcome in order to meet the high quality product specifications required by a range of QMG customers.

Jan 1, 2006

By D. A. Peterson, R. Pakalnis, G. Peter Mah

"Laboratory and trial installations have been completed to determine the potential of composite cable bolt reinforcement in Canadian underground mines. Several prototypes of glass fibre cable bolts have been developed and tested, two of which are currently available to the mining industry. Their evalualtion consisted of lab testing in Canada and the United States, along with trial installations in several underground mines throughout Canada. The objective was to develop a cost competitive composite cable bolt equivalent in strength to that of a 16 mm (Ys in.) diameter steel cable bolt. In addition to achieving equal or superior load carrying characteristics in tension, the glass fibre cables generally experienced an increase in the rate of installation due to their lighter weight. Unlike conventional steel cables, composite cables may be installed within mines which utilize continuous excavation and which require cuttable support. A market analysis of cable bolt usage in Canada has been completed. Glass fibre cable bolts are an effective means of rock reinforcement in mining applications. They prove to be a viable alternative to conventional steel cable bolting. IntroductionCurrent cable bolting practice consists of cement grouting one or more steel cables within a drill hole in order to support the surrounding rock mass. Cable bolts are a form of internal support and are generally used as pre-support in open stope and cut-and fill mining methods. They can be either tensioned (active support) or untensioned (passive support) and may be of any length, though for underground mining applications, are generally less than 20 m (65.6 ft) and are untensioned. A major advantage of cable bolts is that they are flexible and can be coiled to approximately 1 m (3.3 ft) diameter coils. This allows relatively long lengths (>20 m, [65.6 ft]) to be installed in areas with limited head room (1.8 m)."

Jan 1, 1994

By G. R. MANSON

The Brisco Barite Mine lies 70 km south-southeast of Golden, British Columbia. Barile mineralization occurs in a northstriking brecciation zone within Ordovician-Silurian Beaver/ oot dolomites and quartzites. Brecciation was caused by faulting related to the Mount Forster-Steamboat Fault. The main barite vein occupies a fault zone and is up to 12 m wide and over 250 m long. It is light grey to white, fine grained and compact; BaSO4 content is 9/. 70 per cent. Production started in 1945 and has continued to the present. Barile originally was removed from an open pit; later, an adit, begun in 1957, reached more than 240 m along the vein, 15 m below the pit floor. Today ore is hoisted from a decline resting some 37 m below the pit floor.

Jan 1, 1984

By D. Bouchard, M. Forté, A. Charette

A transparent replica of a casting die was built to achieve a better understanding of the filling mechanisms of aluminum in high pressure die casting. Water and tomato paste were respectively used as analogues for the Newtonian liquid aluminum and the non-Newtonian semi-solid aluminum. The transparent die was installed on an industrial casting press and filling was filmed with a high-speed camera. Differences between the Newtonian and non-Newtonian fluids are presented and discussed.

Jan 1, 2006

By H. Sahay

"DISCLAIMER NOTICEThe views and conclusions contained in this presentation are those of the author and should not be interpreted as necessarily representing the official policies or recommendations of the Department of Mines and Energy, Government of Newfoundland and Labrador. ABSTRACTThis paper describes the main testing procedures that should be carried out to evaluate the capacity and capability of the service brakes on the large-size diesel-electric trucks now in common use at open-pit mining operations. Brake testing programs in general are described, and then consideration is given to different techniques of service brake testing, brake performance evaluation, braking energy and typical performance characteristics.IntroductionThe first diesel-electric truck with a capacity of about 85 tons was introduced in 1963 by Unit Rig and Equipment Company of Tulsa in cooperation with General Electric Company, who successfully developed and supplied the most important component- motorized wheels. Since then, its popularity and numbers have continued to grow, and now more than 3700 such units are in operation in mines around the world. In Canada alone, their number is more than 700, including about 150 in the Province of Newfoundland and Labrador. Similarly, their size has also grown from that initial capacity of 85 tons to 350 tons.Although the introduction of the electric trucks proved to be invariably economical, their indiscriminate use was not without severe consequences. Many runaways and even fatalities occurred when the dynamic retarder failed while the truck was travelling loaded down severe grades. The service brakes in such cases proved incapable of stopping runaway trucks, mainly due to their limited capability and the fading caused by excessive heat produced during the act of braking itself. This eventually led the various governments, the open-pit operators and the manufacturers to seriously question the braking capability as well as function of both service brakes and dynamic retarders. Extensive testing"

Jan 1, 1980

By F. M. Waldie

THE 2,538-foot belt conveyor recently installed underground at the Sullivan mine hoists ore from the 3,350-foot level to the 3,900-foot or main haulage level, a vertical distance of 680 feet. The design and planning of development work, under the direction of Mr. R. H. Stewart, Consulting Engineer, was begun in the spring of 1941. Development work was started in July of that year from the 3,350-foot level, and headings were started on the 3,650-foot and 3,900-foot levels later in the same year. It was the intention at that time to keep three headings going on development work necessary for the installation of the system: two on the conveyor incline, and one on the 3,900-foot level. This programme was modified in 1942 when there was some doubt whether the material for construction could be obtained. This problem of supply was eventually solved and the development work was pushed to completion in December, 1943. Construction was started in December, 1943, "'under the supervision of Mr. G. H. McKay, Superintendent of Construction and? Maintenance, and was completed in November, 1944.

Jan 1, 1945

By T. Alan O'Hara

"Annual mining revenue can be computed by formulae relating metal prices, smelting schedules, concentrate grade and recovery to known ore grade and an assessment of core samples. Operating costs at different daily tonnages are related to orebody shape, mining method, milling process and general plant services. Capital costs are related to sizing of mining equipment, mine development, plant-site topography, climate and accessibility, plant services and personnel housing. IntroductionA crude guide to the average 1978 cost of mine projects is shown in Figure 1, but the costs of many mine projects have differed widely from the graphed average costs of $800,000 T0.6 for underground mine/mill projects and $400,000 T 0.6 for low-grade open-pit mine/mill projects.High mine project costs and high operating costs are characteristic of open-pit mines with high stripping ratios, underground mines with thin orebodies, mills with complex metallurgy, and projects located in isolated regions with severe climate, mountainous topography, and lacking access to existing roads, towns and electric power. When none of these adverse conditions prevailed, the mine project cost was typically much less than the graphed average cost. Virtually all the conditions likely to cause high capital and operating costs are known from knowledge of the local topography, climate or accessibility, or can be assessed by tests on core samples, as soon as the orebody has been outlined by drilling .A more accurate estimate of over-all project capital cost and operating cost can be made from a summation of items of cost after judging the effect of specific local conditions on each item of capital and operating cost. This paper offers guides in judging the effect of local conditions on the sizing and 1978 cost of specific items of capital cost and operating cost and operating cost of mine projects. When the specific items of capital cost and operating cost are totaled and measured against expected net revenue and taxes over the life of the mine using the net-present-value or discount-cash-flow methods, the result should show whether the mine project development is clearly feasible, doubtfully feasible or clearly uneconomic. If the development of the mine project is clearly feasible, or probably feasible, a detailed feasibility study by experienced consulting engineers should be commissioned before any financial commitments are made; but if project development appears to be uneconomic, the time and cost of a detailed feasibility study is not warranted."

Jan 1, 1980

By V. G. Papangelakis, I. Guzman, S. J. Thorpe

Pressure oxidation (POX) leaching has been commercially applied to refractory gold ores since the 1980s. In the process, sulphide material is oxidized and dissolved in order to release the gold encapsulated in the sulphide matrix, making the gold available for further recovery. Redox potential is a significant parameter during POX, however it is only measured ex-situ at atmospheric conditions. In-situ redox potential measurement would provide instant information that allowing adjusting the process parameters accordingly. In the present study, redox potential measurements were performed during POX of sulphide material at high temperatures and high pressures. The working electrode was an Ir electrode combined with a flow-through reference electrode in a novel and robust configuration. Experiments were performed in a 2 L titanium autoclave, at 200–220°C, 50–110 psi oxygen overpressure, and 10–30% solids mass fraction. Temperature and oxygen pressure conditions were selected in order to reflect POX of refractory gold ores. Results show that the Ir electrode is consistent with theory and is able to perform well under these conditions, showing promise as a new in-situ sensor.

Jan 1, 2017

By P. H. Rodriguez

The aquatic hazard classification system of the OECD and EU requires that sparingly soluble metal substances (SSMS) be tested using the OECD Dissolution/Transformation protocol in order to quantify the release of the ecotoxicological relevant species (dissolved ions). The SSMS category contains massive forms of metals, which due to their low solubility and slow transformation characteristics are a special case. The main factors that produce the release of metal into solution are exposed surface loading, pH, and stirring rate. The classification system at present prefers the use of mass loading as opposed to surface loading, in which case the amount of metal released will primarily be a function of the pH, and mass loading. Within the framework of the European Copper Voluntary Risk Assessment, coordinated by the European Copper Institute, we have proposed and developed a methodological procedure in which we demonstrate that surface area is an intrinsic property of a SSMS and we link the exposed surface loading to the toxicity reference value in order to obtain an aquatic hazard classification for massive metals. As example, the aquatic hazard classification for copper massive will be discussed. This approach is recommended for metal massives and metal powders.

Jan 1, 2007

By A. Hayatdavoudi, D. Chitila, F. Boukadi

"Shale oil and gas have provided a tremendous boost to energy production in the United States even though the characteristics and behavior of shale are yet to be fully understood. Hydraulic fracturing is often applied to horizontal shale wells to stimulate production. This experiment seeks to determine effects of cyclic variable temperature, water vapor and exposure time on shale micro fracture propagation. We used 22 small Pierre shale specimens and subjected them to aforementioned conditions. Fractures developed in 19 specimens. Combination of high temperature and high water vapor generated the largest number of micro fractures on the specimen surfaces.INTRODUCTIONShale oil and gas have contributed immensely to energy independence in the United States. Most if not all shales depending on their total organic content (TOC) and their clay content bear the promise of being a source rock. For example, the Eagle Ford shale play, located in south Texas, is one of the key contributors to the recent rise in oil and gas production in the United States. Data from the U.S. Energy Information Administration (EIA), published in 2014, states that monthly oil production from Eagle Ford wells increased from 340 barrels per day (bbl/d) in January 2009 to nearly 1 million bbl/d in June 2013. Natural gas production has also increased at a similar rate over the same period, from 5.8 million cubic feet per day (MMcf/d) to nearly 4,000 MMcf/d (EIA, 2014).According to the railroad commission of Texas (RRC) 2014 published information, the Eagle Ford shale play is an important play because it produces gas and more oil than other shale plays in the United States. It is an organic-rich play with carbonate shale percentage in the 70% range in south Texas and the shale content increases moving to the northwest. High carbonate proportion renders this play brittle and suitable for hydraulic fracturing treatments."

Jan 1, 2015

By Ram Song, Yohei Harada, Shinji Kumai, Kazuho Otsuka

"Recently, vertical-type high-speed twin-roll casting (HSTRC) has been developed. The HSTRC shows extremely high cooling rates over 1,000 K/s even at the mid-thickness area. The fabricated strip has many metallurgical characteristics; super-saturation of alloying elements, fine solidified structure, and homogeneous distribution of fine constituent particles. In Al-Mn based alloys, the Mn alloying element can be supersaturated in the a-Al matrix and also form Mn-containing constituent particles during solidification. The Mn supersaturation and the distribution of primary/secondary particles in cast products affect the metallurgical behavior in the down-stream processing and can improve mechanical properties of the final products. In this study, Al-Mn based alloy strips were fabricated by HSTRC with various Mn contents. The solidified microstructure, constituent particles and its distribution, and Mn solubility were investigated in the as-cast condition. Due to the high cooling rate of HSTRC, fine constituent particles were homogeneously distributed, and coarse intermetallics were not observed. Mn solid solubility was estimated by electrical conductivity. The estimated Mn solubility was equivalent between strip surface and mid-thickness area.INTRODUCTION Al-Mn based alloys, as non-heat treatable wrought aluminum alloys, are widely used in packaging and heat exchanger for automobile industry. Besides Mn, Al-Mn based alloys often contain Fe and/or Si as alloying elements or natural impurities. During solidification, Mn can be super-saturated in the Al matrix, and also form Mn-containing constituent particles. Additionally, in the subsequent thermal-mechanical processes such as homogenization, rolling, and intermediate annealing, Mn in solid solution precipitates out of the Al matrix as secondary particles. The size, distribution, type, and the amount of dispersoids including constituent particles affect to texture evolution, recrystallization behavior, and final mechanical properties of wrought Al-Mn based alloys (Huang et al., 2016; Huang & Marthinsen, 2015; Engler et al., 1995; Muggerud et al., 2013). Therefore, controlling the initial level of Mn super-saturation and the distribution of constituent particles are important in the cast Al-Mn based alloys."

Jan 1, 2018

By Ltd Changsha Research Institute of Mining and Metallurgy Co., Shi Yunliang, Luo Yunbo, Chen Jun, Liu Miaohua, Xiao Jinxiong, Long Yan

"A refractory lead-zinc oxide ore located in Yunnan has hundreds of tons of metal reserves, which is hard to be recovered effectively by conventional oxide ore beneficiation methods. In this study, by sulfidation roasting of raw-ore, sulfide deposit is formed on the surface of the lead-zinc oxide ore, and then the roasted ore is processed with bulk flotation. The test results indicate that a bulk concentrate with grade of 7.85% lead and 34.24% zinc, recovery of 79.13% lead and 79.04% zinc, respectively, can be obtained by using conventional sulfide ore flotation method.The sulfidation process shows that pyrite in the raw ore releases S firstly, then S reacts with PbO and ZnO to transform into PbS and ZnS. When the mole ratio of sulphur:zinc is 0.59, the surface of smithsonite is covered with a layer of zinc sulfide. When the mole ratio of sulfu:zinc rate is 1.47, entire simthsonite particle is transformed into zinc sulphide. Thus the transformed particles can be recovered by flotation without complete sulfidation.INTRODUCTIONWith the increasing demand for zinc and decreasing of zinc resources, people pay more attention on development and utilization of zinc oxide ore. However, zinc oxide ore has wide range mineral kinds, complex mineral composition, disseminated fine-grained particle size, and high content soluble salt, so current study results about the zinc oxide ore with conventional flotation are not satisfactory. So far, process dealing with zinc oxide ore includes: sulfuration (Na2S)-flotation, direct flotation with fatty acids collectors, metallurgical methods, in which sulfuration flotation is the most widely used method. The basic principle of sulfuration flotation method is firstly roasting oxide ore with vulcanizing agent, and then recovering the sulfurated oxide ore with flotation, which is similar with recovering nature sulfide ore by using conventional collectors such as amines and xanthate."

Jan 1, 2016

By T. Sakai

Present authors have succeeded in single pass large draught rolling of AZ31 and ZK60A magnesium alloy sheets below 200 °C without heating rolls by raising rolling speed above 1000 m/min. Heavy reduction larger than 60% can be applied by single pass high speed rolling even at room temperature. The rolled sheets showed fine recrystallized microstructure by dynamic recrystallization. The improvement of workability at lower rolling temperature is due to temperature rise by plastic working. In high speed rolling, almost all of the work done by plastic deformation is converted into the heat that raises the temperature of the sheet during rolling because the heat did not flow out of the sheet by conduction and radiation within very short time.

Jan 1, 2006

By Maciej Wrobel, Joerg Hammerschmidt, Dana Nurgaliyeva, Alexandros Charitos, Jochen Guentner

"Smelting of copper concentrates in the flash smelter generates a flue dust stream that contains a substantial amount of copper and accumulates more than half of the arsenic input to the smelter. In view of its high copper content flue dust recirculation to the flash smelter is common practice. Globally traded copper concentrates are affected by ever increasing arsenic contents and cause an increasing circulating arsenic load in flash smelter operation. Control of the arsenic level in the smelter slag becomes a challenge. This interaction of arsenic loaded copper feedstock, need for flue dust recirculation and slag quality control call for possibilities to reduce the arsenic load of the recirculated flue dust stream.The technology of partial roasting is known from pre-treatment of copper concentrates before smelting, and gold concentrates before cyanide leaching, to remove the harmful element arsenic. The partial roasting technology can be adapted for use in the purification of the flue dust. A major challenge for flue dust treatment is its extremely fine particle size compared to usual concentrates. For this reason Outotec developed a new process, which allows handling of such fine flue dust. This process solution provides an efficient possibility to reduce the arsenic burden in copper smelter operations.The suggested process aims at reducing the arsenic load to the smelter by treating the flue dust prior to recirculation to the smelter. The presented results are based on test work in the Outotec R&D-centre in Frankfurt. It is possible to remove 80-85% of the contained arsenic and to collect it in an arsenic trioxide residue with a concentration above 90%. The final off gas contains SO2 from decomposition of sulphates that are contained in the flue dust. The off gas stream is relatively small. We assume that it is possible to combine the off gas stream with other smelter process gas streams and to treat it in an existing sulphuric acid plant. Coal is used as fuel and as reductant to reduce pentavalent arsenate to trivalent arsenite. Arsenite can be kept in gas form at temperatures above 450°C. This permits separation of a calcine stream with arsenic levels of 0.2 – 0.3%, which is recirculated to the furnace.Outotec has a wide range of roasting testing facilities from lab-scale to pilot-scale. Outotec has both capability to modify and adapt technology to specific ore or concentrate requirements, but also the necessary infrastructure in its research centers in Frankfurt and Pori to do appropriate validation tests in lab and pilot scale size plants."

Jan 1, 2016

By Lawrence Devon Smith

The selection of the production rate is one of the most crucial decisions to be made in the development of a mineral property. However, it is not uncommon for the production rate to be decided arbitrarily, before any technical evaluations begin, and it is often not reconsidered when better data becomes available. A number of methods are used in the mineral industry to select the production rate for a project. There is general agreement that the size of the ore reserve has a strong influence on this decision, but what other factors are involved? Is there a way to identify an optimum rate? This paper examines the factors that influence the selection of a production rate from the perspective of project economics. The NPV maximum value should be viewed as a “failure” point. The “two times capital” maximum is proposed as a lower limit. A practical check is suggested to confirm that a selected rate is in an optimum range. Production rate assumptions are much more likely to be reviewed for marginal projects, but they should also be reviewed for viable projects.

Jan 1, 1997