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By A. C. Munro

The concrete work on the new Britannia mill was started in April, 1922. The erection of steel commenced on July 10th, following. The installation of wood work and machinery , began on November 4th of the same year and was pushed to completion in January, 1923. The new mill building is an all steel structure enclosed with galvanized corrugated steel. All main floors and foundations are of reinforced concrete, which makes the building practically fireproof throughout. The mill building rises on a steep hillside to a vertical elevation of 210 feet and has seven distinct floors, for the various opera-tions. Only one elevator, with 30-foot centres, is used in the entire mill. The building is exceptionally roomy and well lighted, both by day and night. The capacity of the mill, as originally designed, was to be 2000 tons daily, but this tonnage can be readily increased to over 3000 tons daily by making slight changes in the fine grinding equipment; in fact, an average of 2700 tons per 24 hours was maintained throughout the month of September.

Jan 1, 1923

By J. R. Morris

"A hoisting plant design should satisfy two basic requirements:1. to provide the necessary materials handling capacity, including ventilation where applicable, while meeting the requirements of good practice and, as a minimum, government regulation; and2. to optimize the economics of the project. Selection of hoisting equipment to meet the first objective is a complex but logical engineering process. The necessary calculations of payloads, accelerations, speeds, rope strength, hoist size, and power requirements are very readily carried out on computers or programmable calculators. A variety of hoist options can be quickly examined to assess the effects of changes in design parameters.Meeting the second requirement involves balancing the costs of various hoist arrangements and shaft designs, together with the time cost effects of differing shaft sinking rates and potential advances to be gained by concurrent level development. The proposed mine layout is significant here, as is the possibility of future shaft deepening and/or production increase. The availability of used equipment may be significant, both as regards first cost and delivery time. The factors are interactive, with their relative effects .varying from project to project. This paper sets out the primary factors to be considered."

Jan 1, 1990

By Sunil S. Gandhi

Magmatic-hydrothermal deposits rich in magnetite and/or hematite form a broad group that includes monometallic Fe deposits and polymetallic (mainly Cu and Au) deposits. They show a considerable variation in deposit characteristics, but share the genetic processes of magmatic differentiation and related hydrothermal activity in intermediate to felsic melts, and in some cases involve brines and/or meteoric waters during mineralization. They include several world-class deposits. They range in age from Proterozoic to Recent, and form important metallogenic districts in Scandinavian, Canadian, Brazilian and Australian Shields, Circum-Pacific regions, and in China, Iran and Turkey. Monometallic deposits have been important sources of iron in the past and still contain significant resources of the metal, e.g., the Kiirunavaara deposit in Sweden. The giant Olympic Dam Cu-Au-Ag-U-REE deposit was discovered in 1975, and since then explorationists have focussed on search for analogues worldwide. This has brought to light a number of economically important new deposits and prospects, including examples in Canada. The discoveries have in turn prompted considerable research on individual deposits and the group as a whole. This short paper is an attempt to summarize the main aspects of the group from the literature cited in Gandhi and Bell (1996), and from the papers published recently in two milestone volumes on these deposits, edited by Porter (2000 and 2002).

May 1, 2003

By Joseph H. Harris

Shebandowan Mine presents a unique opportunity for the mining industry to demonstrate its willingness and ability to use electrical energy effectively. The mine is a typical 250D-ton/day operation supplied by a i5-MVA power transformer. it is a recent, up-to-date design and operates on a four-day/week, two-shift/day basis. The paper outlines an energy profile based on historical data. It accurately describes the individual and total energy input For: (1) production and non-productive junctions; (2) production and down-time periods; (3) peak and average activity levels; and (4) principal energy utilization equipment. A comparison is then made of production data to electrical data, and production and electrical data to design data. The paper concludes that energy management has an important benefit for the mining industry by assisting in maintaining a competitive operation through reduced costs and fewer production slow-downs in the event of energy shortages.

Jan 1, 1979

By Zhiye Zhao, Jianping Sun, Zhipeng Xu

"The subsea rock cavern project is an underground storage facility. For cost-effective and safe excavation, the risk caused by the groundwater seepage into the rock cavern must be addressed. As one of the essential steps of the assessment work, the hydraulic conductivities of the fractured rock masses should be reliably determined based on the limited measured data and geological information from the few boreholes. On the basis of site investigation data and monitored water flow and water pressure data during excavation, this paper presents an estimation method for hydraulic conductivities of the rock masses containing water bearing zones.INTRODUCTIONIn the development of underground rock caverns/tunnels, the uncertainty of hydro-geological conditions plays a critical role in terms of construction cost and construction safety. Excessive groundwater seepage has been identified as one of the key safety factors which always lead to vast loss, such as the Seikan Tunnel in Japan which encountered sudden water inflow and then catastrophic face collapsing, tunnel flood during excavation (Xu et al., 2013). As a key factor in the risk management associated with the groundwater leakage into rock cavern, the hydraulic conductivity determination is very important for cost estimation, reliable water control and construction management.The case presented in this paper is an underground project consisted of a cluster of rock caverns/tunnels for storage of hydrocarbon products. These caverns are located in heterogeneous sedimentary bedrock, at a depth of 130 m beneath a basin, and the crowns of caverns are located at about 100 m below the sea bottom. The caverns/tunnels are designed at two levels, the water curtain tunnels are at the upper level, and oil storage caverns are at the lower level, as shown in Figure 1. A number of horizontal and vertical water injection holes drilled from the upper water curtain gallery tunnel will establish continuous horizontal and vertical water curtains for providing a stable pressure distribution around the caverns, to keep oil/gas inside the lower storage caverns. As the hydrostatic pressure of groundwater around the storage caverns is higher than the pressure of stored oil and gas, the stored oil and gas will not leak out of the cavern (Lu, 2010; Xu et al., 2015). Groundwater pressure gauges are installed in the water curtain gallery tunnels, and water from the operational and access tunnels is injected continuously into the curtains to maintain the pressure. Some monitoring data are recorded at different construction stages. This paper proposes suitable methods to predict the hydraulic conductivity in rock mass and to determine the hydraulic conductivity in the water bearing zones."

Jan 1, 2015

By Jin Liu, Torstein A. Utigard

At its Copper Cliff Smelter, Vale Inco Limited processes a bulk copper-nickel concentrate in two Inco oxygen flash furnaces. Coke supplies a minor proportion of the process heat requirements, limiting the flash furnace matte grade to the target 45% CuNiCo. Coke addition to the furnace offers a potential means of establishing a reducing barrier on the surface of the molten bath. Such a practice would be conducive to producing sulfur deficient (partially metallized) matte. At the same iron content, the iron activity of sulfur deficient matte is higher than that of regular matte. A supernatant coke barrier could, therefore, be expected to lead to higher nickel and cobalt recoveries, reduction or even elimination of magnetite furnace bottom build-up and increased sulfur elimination as SO2 in the flash furnace. Extensive experiments were conducted in a miniplant flash furnace to investigate the effect on process metallurgy of the suggested modified scheme. The introduction and description of the experimental set up were given in Part 1 of this paper and an early paper published in Yazawa symposium1 together with the results and some in depth discussion on metallurgy. This paper intends to discuss the kinetics of the miniplant flash furnace testwork.

Jan 1, 2015

By Lionel Roberge, Borge J. G. Fredriksson

"Late in 1981, a six-rope friction hoist was installed in the Number 2 shaft at Les Mines Seleine Inc. on the Madeleine Islands in Quebec. This paper deals with the reasoning behind the selection of hoisting equipment from the economical point of view, safety point of view, future needs point of view, etc.After establishing the basic parameters for the hoisting system, features of the most common types of hoists (i.e. single-drum hoist, double-drum hoist, Koepe hoist) are briefly laid out. The reasons for selecting a friction (Koepe) hoist are summarized. However, why go for a six-rope hoist rather than the (in North America) more common four-rope hoist? As the subject hoist is the first six-rope hoist in Canada, this question is studied in more detail, covering initial cost, maintenance cost, etc., as well as practical aspects, such as safety, physical dimensions, etc.In summary, experiences from other multi-rope hoist installations world-wide are presented.BackgroundIn 1980, Seleine Mines Inc. was established as a subsidiary of SOQUEM. The new mining company was to develop and operate a salt mine and associated harbour on the Madeleine Islands in the Gulf of St. Lawrence. The Madeleine Islands form part of the Province of Quebec. The mine has a planned annual output of 1.2 million metric tonnes of salt, with reserves in sight for over 20 years. Mining will be by room and pillar, with an underground primary crusher and treatment plant. From the underground treatment plant, the salt will be transferred via conveyors to a 5.5-metre-diameter circular shaft and hoisted to the surface. Surface transportation to the warehouse will again be via conveyor, and a conveyor will also transport the salt from the warehouse to the point of shiploading."

Jan 1, 1983

By E. M. Timoshenko, A. V. Tarasov

The results of laboratory, bench-scale and semi-commercial investigations of a method for adding surfactant (technical-grade lignosulphonate) to the process of pressure leaching of nickel-containing pyrrhotite concentrates have been discussed. Lt has been demonstrated that feeding of technical-grade lignosulphonate distributed along the length of an autoclave ensures a reduction in its requirement by a factor of 1.5 to 2 as compared with single-point feeding; it also results in a decrease by 5% in the unit requirement of metallized iron-bearing precipitator in the process of non-ferrous metals precipitation and reduces by 0.05 to 0.1% (abs.) the nickel and copper contents in the tailings of the given process. Technical solutions have been proposed for commercial introduction of the process.

Jan 1, 2004

By Dalton Fowler

"Pressure vessels used in pressure leaching and pressure oxidation processes in the mining industry are often lined with acid resistant brick and membrane systems. Although the options available when it comes to selecting materials and linings designs for these vessels appear somewhat limited there are, nevertheless? several choices which must be made in order to successfully design, manufacture and construct these linings. These choices require careful evaluation of materials properties which include, among others, thermal conductivity, thermal expansion, chemical swell, and modulus of elasticity, as well as a variety of construction methods.Some of the options available, and some of the means of evaluating them objective of this discussion."

Jan 1, 1999

By Vladislava A. Ignatkina, Victor D. Samyguin

"Within the limits of two-phase approach, considering mass transfer with pulp and air streams was shown that each bubble appears to be an elementary carrier, transporting particles from the collection zone into the froth. The kinetics of flotation was described by the exponential equation in which first order flotation speed constant has to be replaced with two-phased coefficient of a mass transfer. Criteria of selectivity of two ore fractions separation, based on determination of optimum time at which maximum difference between extractions and components content in separated fractions were offered. An interrelation between optimum time of pulp residence in a flowing chamber of a flotation machine, time of bubbles mineralization and an optimum airflow has been ascertained. Cumulative criterion of mass transfer efficiency of flotation process has been ascertained to be a form of the spectrum and its position on axis of three-phase coefficient of a mass transfer.INTRODUCTIONRegularities of a mass transfer of three bearing streams: pulp stream, air stream and froth stream underlie theory of mineral complexes flotation (Samygin, Filippov, & Shekhirev, 2003)However, only description of mass transfer in pulp stream by means of kinetic equations that were simple and convenient for practical use, has gained a full distribution (Tykhonov, 2009;Rubinstein&Filippov, 1980; Saleh, 2010).Within the limits of a single-phase approach, the role of gas stream in increase of speed and selectivity of flotation, was associated with an improvement of hydrodynamic mode. An influence of particles and bubbles sizes (Rubinstein&Filippov, 1980; Rubinstein&Samygin, 1998, Samygin et al., 2003; Dai, Fornasiero,& Ralston, 2000), of pulpflow and airflow (Finch& Dobby, 1990) and turbulent energy intensity (Shubert, 1979; Massinaei, 2007) on the flotation process has been studied. It was stated that flotation selectivity is increasing by means of gradual airflow increase from first to final cameras of the impeller flotation machine (Aslan&Boz,2010; Finch, 2011) and by means of using a multizone flotation machine (Samyguin, Filippov, Matinin, Lekhatinov, &Tertyshnikov, 2013)."

Jan 1, 2016

By N. Dufresne

"The evolution of mining methods at Brunswick Mining and Smelting shows that, in the case of a large deposit, technology must adapt itself to changing conditions. As problems are encountered, management must modify their approach if they hope to meet production quotas. This search for new and better ways started with the opening of the No. 12 orebody and is still going on today.From large-scale open stoping, the Brunswick Mining and Smelting operation went to transversal cut-and-fill, then to longitudinal cut-and-fill, which is the main mining method now employed. However, to solve certain problems experimenting with Avoca methods was initiated. Rebar grouting and prepinning have also made significant contributions toward securing relatively poor ground in the hanging wall and holding badly fractured backs in wide stoping areas. Introduction In 1952, M.J. Boylen had incorporated Brunswick Mining and Smelting Corporation Limited to develop his recently found No.6 and No. 12 orebodies near Bathurst, New Brunswick. Between 1953 and 1957, St. Joseph Lead Company was brought in to try and initiate mining . During those years, St. Joseph Lead sunk two shafts at No. 12-No. 1 to 425 feet below surface and No.2 to 982 feet. They also developed the 200 and 350 levels to sample the ore at depth and operated a 100-tpd pilot plant at the No.6 mine. However, due to low recoveries and depressed metal prices. the project was shut down in 1957.A group including M.J. Boylen. K.C. Irving. Maritime Mining Corporation and Patino Corporation reacquired the property from St. Joseph Lead Company in 1961. New financing was arranged involving La Societe Generale des Minerais, S.A . of Belgium and Engineering Consultants Limited of Saint John. New Brunswick. During the years 1962 and 1963, construction of surface and underground facilities progressed rapidly."

Jan 1, 1981

By Marc C. Bétournay

A number of successful proof-of-concept projects have been carried out to replace conventional power application, such as diesel and rechargeable batteries, in underground mine vehicles. This has led to the development of the world?s first fuelcell production vehicle, a mine locomotive. A mine loader project has also started and several other projects are planned. These projects are providing the mining industry with the required information to make this technology shift possible. The application of fuelcell power will yield several important benefits such as the elimination of underground diesel emissions, significant reduction in the primary extraction?s sector greenhouse gas emissions and support for a more productive scenario. This article reviews these successes, discusses ongoing and potential projects and presents the technology application benefits that could be possible for mining operations.

May 1, 2003

By G. Whittle, R. Peevers, P. Moryoussef

Enterprise optimization is a relatively new optimization approach to mine planning used to jointly consider all aspects of a mining operation affecting the mine planning process and related valuation. In this paper, it is applied at SEMAFO's Mana operations in Burkina Faso, consisting of several open pits and a proposed underground mine. The surface-minable ore is relatively shallow, and the pits are long and linear. The underground operations, as currently envisioned, will consist of a stoping operation accessed by two ramps from the surface. Power is a concern at this property due to local power being produced largely by diesel generators, and it has become one of the key optimization constraints. Other important parameters are the mining and processing rates, underground configuration and cutover elevation. Enterprise optimization was found to improve net present value for the Mana Operations property by simultaneously optimizing multiple parameters and constraints to arrive at an optimal pit and mining phase design, optimal cut-off grades over time, and optimal ore feed based on ore hardness, power constraints, and head wades. Reserves were expanded several times over the course of the study to improve the valuation of the mining operation and put SEMAFO in its present enviable position of ongoing reserve increases.

Jan 1, 2011

SOME months ago a Committee on Deep-level Mining was appointed [by the Government of the Union of South Africa] to consider the possibility of gold mining being carried on at a depth below 8,500 feet. The Committee consisted of Sir Robert Kotze (Chairman) , Mr. H. S. H. Donald (Government Mining Engineer), and Mr. H. R. Hill. The Committee has now made a report which was tabled in the House of Assembly on March 1st. The Committee reported that the tonnage of ore locked up in the deep level areas of the Central Witwatersrand is enormous, and in the 30 miles between Roodepoort and the East Rand Proprietory Mines has a value of about £200,000,000. The Committee says that, with good ventilation, the present system of wet mining, possibly with some modification and with the aid of refrigeration, may be carried to 10,000 feet, but that greater depths will require the adoption of dry mining. "A vigorous campaign of practical experiment into the possibility of dry mining should be initiated, and the Committee recommends to the Government the appointment of a committee of experts, consisting of representatives of the mining industry, the Mines Department, and the medical profession, with the Government Mining Engineer as chairman. The Committee suggests the provision of £30,000 for the first year for the investigations and experiments contemplated, which could best be carried out by an organization which might be styled 'The Rand Mining Research Institute' and constituted somewhat on the Jines of the South African Institute for Medical Research" . The Committee suggests that this committee of experts should arrange for experiments to be made with dry mining in one of the deepest mines, and investigate ventilation, refrigeration, support of workings, and the physiological problems connected with mining. "We emphasize the necessity of treating this whole question as one of importance and urgency. The investigations should be prosecuted with the utmost vigour and should not be delayed at any time for want of funds or for any other reason. If they are not done thoroughly and quickly, the whole scheme might just as well be left severely alone.

Jan 1, 1945

By C. Caballero, K. Itagaki, P. Morales, A. Moyano, J. Font

Codelco-Chile is considering different processing options for the new projected concentrate from the Alejandro Hales mine. This concentrate is featured by its high arsenic content of up to 6%. Thus, it is important for Codelco Norte Smelter to define the technical feasibility for processing this high-arsenic bearing concentrate in its main smelting unit as it is the Teniente Converter, which beside of its dual feeding system can enhance the arsenic removal by volatilization. The present paper which is a part of an extensive research work will focus in the performed industrial scale test for processing about 7,000 tonnes of a high-arsenic bearing concentrates in the Teniente Converter at the processing rate of about 2,300 tpd. The impact on the chemical quality of the produced high grade matte will be discussed, and the effect of the As removal by increasing the Teniente Converter processing rate of concentrates up to 3,000 tpd when producing 70% Cu in the white metal will also be addressed.

Jan 1, 2007

By H. Arima

The Akita Zinc Company is the only refinery which produces hematite from the iron content in the zinc leach residue. The Akita Hematite Process consists of five stages, which are SO2 pressure leaching, the first neutralization stage, the de-arsenic process, the second neutralization stage and pressure hematite precipitation. In order to strengthen its cost competitiveness and stabilize its operation, the Akita Hematite Process has been modified continuously. Most recently, two process modifications were carried out. The first was an improved ability to maintain a lower arsenic concentration in the de-arsenic process, and the second was an increased throughput in the hematite precipitation autoclave. The details of these recent changes in the Akita Hematite Process are presented in this paper.

Jan 1, 2006

By J. Ji, A. Shi, B. Grcic

Floating copper minerals selectively against iron minerals such as pyrite has been challenging for most copper and copper/gold deposits, and many operations continuously strive to maximise copper recovery whilst meeting target concentrate grades. Maximising grade is achieved by selectively floating copper minerals and rejecting pyrite. This challenge is to minimise copper and gold losses in the roughers if this approach is used. A flotation testing program was conducted by Bureau Veritas Minerals on a high-level pyrite bearing copper/gold ore sample to establish the potential to reject pyrite in the rougher stage, but also maximise copper and gold recoveries, and ultimately final product grades. The test program included feed characterization, rougher and open-circuit cleaner flotation as well as locked cycle flotation tests. The main variables tested for achieving selective flotation of copper and gold were collector type and pH control, through lime addition. Grind sizes used in the rougher and cleaner tests had been established from previous test work. The collectors tested were SIPX, Aerophine® 3418A, Aerophine® 3421, Aerophine® 3422, Reagent S-11192 Promoter, Reagent S-11193 Promoter and FloMin C4150. The two best performing collectors were then tested in open-circuit cleaner tests, with the optimum conditions examined further in locked cycle tests. INTRODUCTION Bureau Veritas Minerals Metallurgical Division was retained by Eldorado Gold Corporation to perform a metallurgical testing program on a high-level pyrite bearing copper/gold ore sample from a gold- copper porphyry deposit to optimize flotation reagent scheme to improve gold and copper recoveries and copper content in the concentrate. The test program included feed characterization, rougher and open-circuit cleaner flotation as well as locked cycle flotation tests. Initially, various collectors were screened in kinetic rougher tests, and over a pH range of 8.5 (i.e the natural ore pH) up to 11.5, using a primary grind size of 80% passing 120 µm. The collectors tested were SIPX (sodium isopropyl xanthate), Aerophine® 3418A, Aerophine® 3421, Aerophine® 3422, Reagent S-11192 Promoter, Reagent S-11193 Promoter and FloMin C4150. The enrichment ratio, which is the ratio of copper to sulfur in the concentrate to that in the feed, was used as proxy for rating selectivity (i.e. degree of pyrite rejection or depression).

Jan 1, 2019

By David L. Huston, Wouter Bleeker, Bruce E. Taylor, Ron Cook, Bob Stewart, Elizabeth R. Koopman

"Abstract—Detailed oxygen isotope mapping of rhyolites in and around the Kidd Creek mine indicates that the orebodies are associated with relatively low (<12‰) whole rock values that extend up to 200 m laterally from ore. The zone of low d18O values is overlain stratigraphically by a carapace of higher (>13‰) values that extends up to 1.5 km laterally from and 300 m to 500 m above ore. Immediately above the stratigraphically highest orebody this carapace is cut by a zone of lower d18O values extending from the ore zone. Zones of higher d18O values also occur in massive rhyolite bodies that occur in the footwall of the orebodies.The zone of low d18O values partly coincides with a Na2O depletion anomaly associated with hydrothermal alteration, except that the Na2O depletion anomaly has a greater lateral extent, and the low d18O anomaly extends farther into the stratigraphic hanging wall. These data suggest that d18O mapping may detect hanging wall alteration above massive sulfide bodies more effectively than conventional lithogeochemistry. Zones of high d18O values, which define zones through which large quantities of low-temperature hydrothermal fluids have passed, may also have usefulness in exploration.Oxygen isotope variations at Kidd Creek record three stages of a hydrothermal system that evolved in temperature with time, as follows: (1) an early, low-temperature event that produced rocks with high d18O values, (2) a high-temperature event that produced rocks with lower d18O values, and (3) a later, low-temperature event that also produced rocks with high d18O values. The high d18O signature of the massive rhyolite was recorded during early-stage, low-temperature (<200°C) alteration, and was probably preserved owing to decreases in permeability associated with low-temperature silicification. The low d18O signature of cherty breccia and chloritite was recorded during the thermal peak at >300°C. High d18O values in the carapace above the deposit were recorded as the hydrothermal system waned."

Jan 1, 1995

By David L. Huston, Wouter Bleeker, Bruce E. Taylor, Ron Cook, Bob Stewart, Elizabeth R. Koopman

"Abstract-Detailed oxygen isotope mapping of rhyolites in and around the Kidd Creek mine indicates that the orebodies are associated with relatively low (<12‰) whole rock values that extend up to 200 m laterally from ore. The zone of low d18O values is overlain stratigraphically by a carapace of higher (>13‰) values that extends up to 1.5 km laterally from and 300 m to 500 m above ore. Immediately above the stratigraphically highest orebody this carapace is cut by a zone of lower d18O values extending from the ore zone. Zones of higher d18O values also occur in massive rhyolite bodies that occur in the footwall of the orebodies.The zone of low d18O values partly coincides with a Na2O depletion anomaly associated with hydrothermal alteration, except that the Na2O depletion anomaly has a greater lateral extent, and the low d18O anomaly extends farther into the stratigraphic hanging wall. These data suggest that d18O mapping may detect hanging wall alteration above massive sulfide bodies more effectively than conventional lithogeochemistry. Zones of high d18O values, which define zones through which large quantities of low-temperature hydrothermal fluids have passed, may also have usefulness in exploration.Oxygen isotope variations at Kidd Creek record three stages of a hydrothermal system that evolved in temperature with time, as follows: (1) an early, low-temperature event that produced rocks with high d18O values, (2) a high-temperature event that produced rocks with lower d18O values, and (3) a later, low-temperature event that also produced rocks with high d18O values. The high d18O sig- nature of the massive rhyolite was recorded during early-stage, low-temperature (<200°C) alteration, and was probably preserved owing to decreases in permeability associated with low-temperature silicification. The low d18O signature of cherty breccia and chloritite was recorded during the thermal peak at >300°C. High d18O values in the carapace above the deposit were recorded as the hydrothermal system waned."

Jan 1, 1995

By Michael K. O’Leary, William D. Coplin

"Risks from political instability and government policies restricting equity ownership, local operations and transfers of payments affect the profitability of foreign mining ventures. More than seat-of-the-pants judgments and old-boy networks are required to anticipate these risks and to take actions appropriate to offsetting them. A system for making political forecasts, called the Prince System, and a series of charts relaying risk s to a production of key minerals will be presented.IntroductionFirm s with extractive operations outside their home country do not have to be told that political stability and government decisions play a big role in the success o f their operations. The takeover of copper firm s in Chile during the Allende administration in 1971 and the recent decision by Venezuela to reduce Reynolds Metals equity share in a smelting operation from 50% to 28% are two examples of hundreds of events that have determined the profitability of extractive operations over the past decade. Both risks and opportunities for international firms seeking to produce and market raw materials are heavily affected by political conditions. While news of political events travel much faster than in the past and host governments are more clever in shaping the risks as well as the opportunities, politics has always been part of the mining business.What has changed is the need to be more systematic in approaching the assessment of political conditions and how it affects business. The increasing costs of extractive operations, the need for long-range planning, the importance of financial arrangements and the world-wide scope of man y firm s&apos; activities require that the assessment be updated continuously and be comparable across different countries and different types of investments. Political risk analysis, the assessment o f macro-political changes and specific governmental decision s on the operations of extractive industries needs to become as systematic and integrated into corporate decision -making as economic analysis has become over the past two decade s."

Jan 1, 1983