Search Documents

By Hans D. Gougar

To meet an increasing demand for minerals, mining operations are moving to ever more remote regions. The lack of a local energy supply and infrastructure, coupled with social and regulatory demands for lowered environmental impact of mining operations, presents an opportunity for a seemingly unlikely competitor ? a nuclear power plant. The Modular Pebble Bed Reactor concept, currently in various stages of research and development around the world, offers a high degree of reliability and safety with minimal consequences for the local or global environment. The passive safety features of this design eliminate the need for the extensive active safety systems that add significantly to the cost of current water-cooled reactors. With the MPBR, as with all nuclear plants, there are no appreciable quantities of waste products released to the environment during normal operations. In contrast with conventional reactor designs, the MPBR would also remain radiologically safe even under the most severe abnormal circumstances. The key to the design is the fuel element. Enriched uranium microspheres are coated with various layers of pyrolytic carbons and silicon carbide to form a highly-temperature resistant particle that effectively retains all fission products. These particles are mixed with graphite and formed into 6 cm pebbles. A randomly packed vessel of such pebbles forms the reactor core through which helium is circulated as a coolant. Computer models and tests performed on actual pebble bed reactors confirm that fuel failure temperatures are not reached even during the most severe conceivable loss of coolant accident. The reactor drives a gas turbine cycle with resulting efficiencies as high as 48%, comparable to natural gas-fired units. The low price of uranium fuel and low maintenance requirements translates into competitive operating costs. However, high capital costs prevent the MPBR from competing with natural gas in most markets. In remote applications where no fossil supplies are readily available, the playing field is more level. This paper summarizes the features of two of the more promising candidates for remote applications and discusses the strengths of the MPBR from the perspectives of fuel supply and environmental impact.

May 1, 2002

By J. G. Ross

A DESCRIPTION of the block-caving system of mining as practised at the King mine of Asbestos Corporation, Limited, Thetford Mines, Que., was presented. at the Annual Meeting of the Institute held in Quebec city, in April, 1934. The paper was published in the Transactions of the Institute for 1934. There has now been recovered, by this method, one million tons of ore, and a review of experience indicates that the method was well planned and has been executed smoothly. In approaching the problem of selecting the type of mining best adapted to this deposit, the method had to be one which would be low in cost, use no wood, and not disturb the surface immediately bounding the ore-body on two sides. Prior to 1931, block-caving had been considered but rejected, as it en-tailed disturbance of the surface area which lay within a 45° angle of the lowest contemplated workings, if the practice of such mines as Ray, Miami, Inspiration, and Morency, where this type of mining has been used extensively, was followed. At these properties there have been mined large tannages at outstanding low costs, but an extensive surface area has been disturbed in each case. In some instances, townsites in the mining area have had to be abandoned, and dwellings, not considered worth moving, have been allowed to fall into the depression. A study was made of the principles involved in the various types of block-caving, the existing information on ground movement, subsidence, etc., also being carefully analysed. Toward the end of 1931, a plan was conceived whereby the country adjoining ground being caved might be held permanently in place and undisturbed. The success of such a scheme was essential to the application of block-caving at the King mine on account of property boundaries, the Quebec Central Railway right-of-way, and expense of moving buildings. Study of existing data on caving and movement of rock, caused by sub-surface excavations of sufficient unsupported area to result in failure of the backs, indicated, in practically every instance, that such movements followed certain definite laws of mechanics.

Jan 1, 1936

By Marcel Laflamme

Underground mine workers are continuously exposed to many sources of noise and vibration in carrying out their tasks. Even though the vibration and sound level of some mining equipment is documented, it was found that this information is not readily available for many pieces of equipment and that it is not considered when choosing equipment or planning tasks. As well, health problems related to vibration and noise are among the main causes of work-related compensations in mines. Considering those facts and although no Canadian regulations could force employers to limit the exposure of their workers to vibration, the Société de recherche et développement minier (SOREDEM) decided to address the problem by including vibration among their research priorities. In order to characterize noise and vibration sources of different mining equipment used for underground mining, the authors have performed a study in 8 different mines in Québec on 28 different mining equipments. The paper will present the procedure that was followed to select the list of equipment to be evaluated and the low cost acquisition system developed to perform multichannel time domain acquisition in harsh environments. It will also present the results obtained for the noise level produced by the equipment as well as for the hand-arm and whole-body vibration exposures.

Aug 1, 2013

By M. Silva, G. Olivares

In a leach pile, the drainage layer or commonly known as the cover layer has been a matter of discussion due to the multiple phenomena or events that occur within it which impacts negatively the leaching process. All these events are directly related to the loss of draining capacity and irregular flow net due to an excessive compaction and entrapment of fines reducing the flow velocity which in turn cause more fines to get trapped. Over time the problem will continue to worsen rapidly and accelerating continuously like a geometric progression. When the cover layer gets to a certain level of deterioration, the only alternative to continue operating safely is to replace the entire cover material, a huge cost for any mining operation. TESRA has developed a solution to counteract the accelerated advance of the deterioration of the drainage layer. The solution consists of using large agricultural tractors coupled to a proprietary design of a heavy- duty subsoiler-ripper for deep tillage for loosening and breaking up the ground at various depth and with different legs spacing from 0.4 m or above. Also, if the ground still requires additional breaking, TESRA proposes the use of a rototiller that breaks any lumps to homogenize the ground to a certain particle size. With the subsoiler-ripper/rototiller combination equipment a layer of 0.5 m deep is properly treated to match closely the original conditions of the ground thus regaining the flow net as close as to the original seepage condition. Once the ripping is completed the subsoiler-ripper tool is replaced with another that is similar to a plow and thus continue with the installation of drainage pipes. The tool digs a Y-type profile trench allowing the pipe to sit precisely at the bottom of the trench, contributing additional lateral and lower support. This tool controls the installation depth of the drainage pipe at different inclination grades and also eliminating any irregularities that may block the flow of the leaching solution. Sometimes the obstructions block completely the flow of the solution. The main result of this methodology is the reduction of groundwater levels and at least 2% less humidity in the leaching gravel due to an increase in the draining capacity of cover. The methodology developed by TESRA applied during a couple of cycles of a dynamic leach pile has proven to be a real alternative to remedy and recuperate the cover close to its original conditions. The methodology requires only one large tractor and two accessories operated in different stages while replacing the more traditional and less efficient machinery such as the Bulldozer, Motor-grader, and backhoes.

Jan 1, 2019

By Sudarshan Martins

The measurement of acoustic signals produced by a tumbling mill has been previously used to determine the operating state of the mill and correlate the variations of the sound intensity with the operating conditions of the mill. Separately, the discrete element model (DEM), a software simulation of the mill, was developed to provide insight into the operation of the mill. Presently, there has not been much work reconciling the DEM simulation of the mill with the acoustic signal. Working from basic principles of linear, time-invariant systems, agreement between an acoustic DEM simulation and the measured signal is sought. First, the impulse response function of the mill is measured. The DEM provides the forces applied to the mill shell as a function of time. A convolution of these simulated shell forces and the transfer function gives the simulated acoustic signal. This signal is compared to the measured acoustic signal, both in the time domain and the frequency domain. Finally, a discussion of the results is given.

Jan 1, 2012

By Gilles Carrière

"The Suffield mine is situated five miles southwest of the city of Sherbrooke, in the Eastern Townships of Quebec. lt is the property of Suffield Metals Corporation Limited, a wholly owned subsidiary of Ascot Metals Corporation Limited.The old Suffield or Griffith mine had been worked intermittently from 1863 to 1906, without ever producing much ore. In 1951, diamond drilling done by Ascot Metals proved over one million tons of ore in three new bodies. The average grade of this ore was 0·018 ounces of gold per ton, 2-40 ounces of silver, l ·28 per cent copper, 0·59 per cent lead, and 6-45 per cent zinc. Since then the mine has been active, producing between 300 and 700 tons daily. More recent exploration has found continuations of the ore zones.General GeologyThe ore of the Suffield mine is found in porphyritic rhyolites of the Sherbrooke group (Silurian), at or close to its contact with sediments of the Beauceville group (Ordovician). The contact shows pronounced folds as well as irregularities due to erosion of the sediments prior to the outpour-ing of the lavas. On surface the general strike is north, and the dip is steeply east.The footwall sediments consist of interbedded black graphitic slates and. dark-coloured chloritic quartzite, overlain in many places by a thin bed of magnetite-hearing quartzite.The rhyolite host rock is a light grey rock, containing very abundant quartz and feldspar phenocrysts in a microcrystalline matrix of the same minerals. Some sericite is always present, especially in the vicinity of the ore zones, where the rock shows a pronounced schistosity.Several narrow basic dykes, with an easterly strike and vertical dip, cut all other formations. Most are lamprophyres, of either the monchiquite or camptonite type, but one has been identified as a diabase."

Jan 1, 1949

By H. Wilhelm, W. I. van Drunick

The Anglogold Ashanti (AGA) Navachab single stage SAG mill has provided an excellent setting for incremental optimization. Over the past decades, several interventions have resulted in marked improvements in specific performance; including steel ball scat removal, re-design of the mill lifters, replacement the pebble crusher and cyclone cluster, as well as the use of a vibrating screen in place of a discharge trommel. Recent initiatives now include an operating fine DMS circuit, studies on pre-crushing of the ROM feed and also fine-screening as an alternative to hydrocyclone classification. The current optimized state of the Navachab mill allows it to operate at approximately 20% higher efficiency when compared to mills of similar shell dimensions in gold mining, treating similar ore. This paper describes the systematic improvement of the SAG circuit to its current state.

Jan 1, 2012

By C. A. Clark

The Chagres Smelter is located 80 kilometres north of Santiago - Chile, in the middle of an agricultural valley which is also one of the poorest districts in the country. This condition sets the main focus for the smelter's Corporate Social Responsibility (CSR) programmes, which ultimately aim at building self sustainable social and economic capital in accordance with the local capacities. With the help of Anglo American's SEAT (Socio Economic Assessment Toolbox), a corporately developed instrument designed to help the operations understand the needs of the communities and the impacts of those operations, the Chagres Smelter implemented several programmes, such as the CETTA (Experimental and Applied Technology Transfer Centre) programme. This project started in 2003, and consists of creating a centre for the transfer of sustainable techniques and skills for the small agricultural and livestock producers that live in the rural areas near the Chagres Smelter. Its main impacts are: Improved production quality (goat cheese and bee honey) and access to relevant markets, improved training and self-sustainability levels of producers, enhanced socio-economic level of the District's inhabitants by improving their income earning opportunities and technical knowledge, creation and promotion of a local brand as a symbol of quality products from the valley and a positive environmental impact of good breeding and native flora protection practices in the area. Other relevant social programmes are the 'Environmental Strivers', which created a recycling centre in the community; and the 'Beautiful Valley" project, which provides management knowledge and skills to local youngsters and leaders who can contribute to finding solutions for local environmental needs.

Jan 1, 2007

"The Schist Lake mine, owned and operated by the Hudson Bay Mining and Smelting Co., Limited, is situated on the northwest arm of Schist Lake, 4 miles southeast of Flin Flon, Manitoba.The deposit was discovered early in 1947, during a diamond drilling program exploring small copper showings along the west shore of the lake. The orebodies came to surface between the mainland and the north end of Stitt Island.Production began in August, 1954, at an initial rate of 300 tons per day. Underground workings have been carried to the 1,700-foot level, where exploration work is now being done.General GeologyRocks of the area are Precambrian lava flows, with associated pyroclastic breccias and tuffs, and related minor intrusions. Their general strike is northwest and their dip is nearly vertical. Shearing is common and is related to the activity which caused intense folding and much faulting in the area. The larger faults and the fold axes trend a few degrees west of north. The lavas are mainly andesitic but a layer of sericite-carbonate schist, which is probably derived from a fine-grained, grey quartz porphyry, occupies most of Stitt Island and extends into the mine area. It is within this layer of schist that the ore deposit occurs (Figure 1).The OrebodiesThe ore occurs as tabular to lens-shaped bodies which strike northwest, dip nearly vertically, and plunge at 60 degrees to the southeast. The ore zone is 800 feet long and has been traced for a distance of 2,000 feet along the plunge (Figure 2). The maximum length of continuous ore within this zone is 200 feet. Widths of individual ore lenses vary from a maximum of 35 feet to a minimum of 2 feet.The ore consists of three distinct types: massive sphalerite-pyrite, massive chalcopyrite-sphalerite, and disseminated chalcopyrite-pyrite. The No. 1, or eastern, orebody is predominantly massive sphalerite-pyrite. The western part of the No. 2 orebody is massive chalcopyrite-sphalerite. The disseminated ore forms the eastern part and the lower end of the No. 2 orebody. All three types of ore, with patchy distribution, are found in the smaller lenses below the 1, 100-foot level.Metallic minerals, in order of deposition, are pyrite, arsenopyrite, chalcopyrite and sphalerite, galena, enargite, and gold. Both massive types of ore exhibit banding in many places, probably as a result of the selective replacement of schist. The disseminated ore was formed as a filling of the interstices in a brittle chert rock which appears to have been crushed by the same forces which produced the schist."

Jan 1, 1949

By G. L. Palmer

"In 1986, anomalous sampling results for heavy minerals were obtained at various sites in Namaqualand on the west coast of the Cape Province. Drilling in 1987 at Graauwduinen penetrated up to 35 meters of heavy mineral-bearing Tertiary sands which extend several kilometers inland from the coast. The heavy mineral suite includes ilmenite, rutile, leucoxene, zircon and monazite, along with gamet, pyroxene and amphibole. Three deposits are recognized, two of which comprise the resource to be mined by Namakwa Sands Limited, a recently formed Anglo American Corporation subsidiary company.Mineable reserves in excess of 500 million tonnes have been delineated, sufficient to sustain mining for over 35 years at projected production rates. During the feasibility study, on-site investigations included test mining at various sites to assess rnineability and to provide material for metallurgical testing in a pilot plant located at the site. llmenite produced at the mine will be smelted at a new facility to be built at Saldanha Bay. Saleable products comprise titania-rich slag, pig iron, zircon and rutile.During the exploration phase, company environmental guidelines were established and monitored. The feasibility study incorporated a Class 1 Environmental Impact Report, the contents of which were made public following the principles of the Integrated Environmental Management legislation."

Jan 1, 1994

By R. B. Taylor

"The Delnite mine is in the northwest part of Deloro township, Cochrane district. The property consists of 307 acres on the so-called 'South Break' in the Porcupine camp. The Company was formed in 1934 to take over the holdings of La Roche Mines, Limited. Gold has been produced continuously since June 1, 1937. The value of the gold recovered to date (December 31, 1946) has been $7,456,000, and the average grade of ore $6.81 a con.The ore at the Delnite occurs in relatively narrow, persistent, quartz-ankerite veins, which generally contain tourmaline and have a ladder-like structure. The gold occurs in the free state, and in association with pyrite and arsenopyrite, the two chief sulphides. The host rock is fine-grained, highly carbonatized andesite of Keewatin age."

Jan 1, 1954

In 2009 Newmont Mining Corporation?s annual global spend on grinding media reached $94M USD, having doubled in the five years since 2004. The major contributing factor to the spend escalation during this period was unit consumable price, with total media consumption also rising as a function of annual ore tonnes milled. In an effort to better understand and manage the growth of this expenditure a significant supply chain management program was implemented. This was complemented by a series of technical initiatives focussed on grinding media specifications, quality management and the prediction of grinding media wear rate as a function of physical ore characteristics. This paper discusses the methodology and outcomes of these activities.

Nov 1, 2011

By Te Gao

It is a general expectancy that in most of the construction and renovation project, the contractor is going to hand over the as-built documents to the owner or the facility management team at the completion of the project. The main challenge for the handover process is to ensure the completeness of the captured building information and the accuracy of it in terms of how well it represents the reality. Building information models (BIMs) can be used as an information repository to store and deliver as-built information. However, due to changes made in the construction and renovation phases and errors made in the design and modeling phases, discrepancies can exist between BIMs created in the design phase (asdesigned BIMs) and actual building conditions. Laser scanning technology is able to efficiently capture accurate geometric information, which provides an opportunity to identify and quantify discrepancies and update as-designed BIMs into as-built BIMs. This paper presents a case study, within which the asdesigned BIM of a newly renovated research lab was updated into an as-built BIM using laser scanned data captured in the renovation phase. This paper introduces the challenges associated with the updating process for the as-designed BIM. In order to address these challenges, this paper introduces a framework that supports the update of an as-designed BIM by incorporating point clouds captured by the progressive laser scans.

Aug 1, 2013

By J. C. Salas, A. Weishaupt, J. A. Guzman

The origins of the electrorefining process date back to 1869, when the first ER cathodes were produced at Pembrey, South Wales. By the time that Pembrey was closing, Chuquicamata tank house was under construction, initiating in 1915 a long history of electrolytic cathodes production. Initially electrowon cathodes and later electrorefined cathodes were produced. During the history of Chuquicamata tank house, there have been several challenges associated with the quality demanded for electrolytic copper. Among them, the transformation from electrowinning to electrorefining in 1952, the onset of the direct commercialization of ER cathodes and the phase out of wire bars in the 80s, several technological changes including the implementation of permanent cathodes, and certainly the constant increase in complexity of the anodes refined. This paper explores the manner in which Chuquicamata has addressed these challenges and examines its links to process characteristics, which have been necessary to maintain a product quality according to market requirements and a brand, “CCC”, that is widely recognized worldwide. INTRODUCTION Located in the north of Chile, in the Atacama Desert, Chuquicamata is an open pit copper mine that for many years has played a relevant role in the global and local mining industry. Known from prehispanic times, the Chuquicamata deposit was initially developed between 1912 and 1915 by the Chile Exploration Company, the operating company of the Chile Copper Company controlled by the Guggenheim Brothers in the USA (Yeatman, 1916). Officially inaugurated on May 18th, 1915, by the President of Chile who pressed a button in Santiago sending a telegraph signal to the power generation plant specially built in Tocopilla, 1500 km north. It signaled the beginning of generating energy, sending it to Chuquicamata, another 140 km east (“El mineral de Chuquicamata”, 1915), marking the beginning of its industrial operation.

Jan 1, 2019

By P. Reyes

The Codelco Chile El Teniente Division Caletones Smelter has an objective to smelt 1,250,000 tonnes per year of copper concentrate. This is a great challenge for the smelter facilities and particularly for the acid plants. The analysis ensuring that there are no obstacles to achieve the production capacity was of great importance. Therefore a series of activities were undertaken as well as studies dedicated to reach the target. This paper presents work focused on a fluid dynamic study, translated in an operation methodology of integrated handling of the smelting and converting gases with the objective to optimize the gas flow and S02 concentration. The optimization should be done employing the current installations, equipment and instrumentation and/or minor modifications. In the first part of the work the condition of the instrumentation involved in the gas handling was checked, improvements determined and the corresponding corrective actions were carried out. The proposed operation method consists of operation of the Cleaning Gas Plant 2 (TC' s gases) and operation of Gas Cleaning Plant 1 (the remaining gas plus the gases from CPS). The implementation of the operation method involves the modification of the valve of the gas into the duct to plant 1 from On to Off to modulate flow. After modification a three days test was carried out. To evaluate the tests, a "Sulphur Capture" indicator was used. During the test the behaviour of the effluent treatment plants was closely examined. No problems or unusual operating conditions were observed. The reduced flow of gas to Gas Cleaning Plant No. 1 permitted the start up of the 2nd test day treating most of the gas received by Gas Cleaning Plant No. 2. The operation was carried out with the limitation not to increase the effluent pond level, which was maintained constant.

Jan 1, 2007

By Matthew Violot

Vale Canada?s Birchtree Mine, located in Thompson Manitoba, has been experiencing problems with hanging wall / footwall dilution, as well as sloughing off of adjacent stopes and temporary stope block backs. Birchtree Mine is interested in determining how time affects the stability of their open stope blocks. Many factors simultaneously influence open stope stability (rock mass quality, joint condition, stress condition). This makes it challenging to determine the influence of a single parameter such as exposure time or stand-up time. This study focuses on determining the effect of exposure time on open stope dilution and combines stress analysis and empirical based approaches.

Jun 1, 2012

By Jeffrey D. Eisenman

FRP is a proven material for the solvent extraction processes of copper production. There is a history of successful applications of FRP piping and equipment in hydrometallurgical processing. The performance of FRP equipment has not always been consistent, but at no fault of the material. Its non-metal attributes and behavior vary from those of more typical materials of construction, such as steel and alloys. FRP is a mainstay material in many areas of solvent extraction and electrowinning and yet not well understood by all. We will discuss the critical concerns, which are key to reliable performance of FRP systems. This paper will include discussion of key elements, which are fundamental to reliable FRP piping design and considered best practices. Essential design and construction considerations to maximize reliable service life of FRP equipment, such as thickeners and process vessels, used in copper extraction and processing, will be discussed. Additionally, we will expose potential pitfalls and share lessons learned from previous copper processing plant projects, which can aid and impact other copper processing projects to ensure best system performance and reliability. INTRODUCTION The corrosion resistant attributes of fiberglass reinforced plastics (FRP) make it an attractive and cost effective material of construction in corrosive service applications that are found in copper processing. FRP is used all over the processing plant in seawater, brine and sulfuric acid services where the corrosive nature of these services would challenge most ferrous materials and coatings. FRP is a fully customizable material to meet the specific needs of each service and process. FRP piping and equipment can be found throughout the hydrometallurgical process, in the acid plant, desalination, leaching processes, solvent extraction and electrowinning to name a few. Beyond its superior corrosion resistant characteristics, FRP can be made abrasion resistant by introducing particulate additives into the resin, such as silicon carbide and alumina oxide. Because many of these services have combustible organic elements in the flow streams with accompanying safety concerns, the linings can be made conductive with carbon fibers to dissipate static charges that might collect on the surface of the equipment otherwise. Further, FRP can be made flame retardant as well, where flammability may be of concern.

Jan 1, 2019

By Brooke Clements

The Buffalo Head Hills region is located approximately 350 kilometres northwest of the city of Edmonton in northcentral Alberta (Figure 1). The Alberta diamond joint venture consisting of Ashton Mining of Canada Inc., Alberta Energy Company Ltd and Pure Gold Minerals Inc. began exploring for kimberlites in the Buffalo Head Hills region in late 1996. At the time, the Mountain Lake diatreme, located 200 kilometres to the southwest, was the only reported kimberlitic rock in Alberta (Leckie et al., 1997, Figure 1). Exploration efforts since 1996 have successfully identified a new diamondiferous kimberlite province in Canada.

May 1, 2001

By H. C. M. Gordon

MR. A. D. BADOUX: I have listened to Mr. Gordon's excellent paper with great interest, as I personally have gone through some of the experi­ences he has so clearly depicted. In particular, there were a good many times when we were greatly exercised in our minds as to whether we were justified or not in closing-off certain sections in the Allan mine. The difficulty in these cases arose from the fact that a peculiar smell could be detected in these sections but at the same ti me there was no positive evidence of spontaneous combustion either from heat being apparent or from the possible indications of fire getting any worse. It was suspected that the small percentage of -carbon monoxide that could be obtained by analysis in the air in these sections, and also the peculiar odour, were emanating from the coal itself, and, in order to verify this, bore-holes were drilled in the coal and the gases released from these bore-holes were analyzed. They were found to contain carbon monoxide. After quite a considerable length of time this contained carbon monoxide gradually diminished and finally could not be detected when analyzing such samples of gas. It was our intention to follow this matter up further, as such an occurrence of carbon monoxide is practically unknown, but the sections in which these occurrences were found had to be abandoned. Mr. Gordon referred t0 a case of spontaneous combustion in the Allan . mine, and I may say that, although the section in which that occurrence took place was travelled and carefully examined every day by the colliery officials, yet nothing unusual was noticed until the fire actually took place. This tire was the cause of a slight explosion.

Jan 1, 1938

By Tim Gitzel

Thank you for your introduction, and thank you to the CIM for inviting me to make a presentation to you today. This is my first opportunity to report to you on the status of the Canadian uranium industry and I am pleased to tell you that the industry is in good shape, and well positioned for the future. As you will no doubt be aware, Saskatchewan benefits from the world?s largest known highgrade deposits of uranium as well as from a high level of provincial, public and northern community support. It is within this unique combination of geology and community that our industry operates. Uranium markets have been extremely competitive for a number of years for several reasons. First, deregulation in the nuclear electric power industry has tended to encourage fuel buyers to use up their large inventories built up at a time when rapidly increasing demand was anticipated. Second, alternate sources from surplus commercial stocks, military materials and reprocessed fuel have presented a major additional source of uranium supply. Today, these secondary supplies are meeting about half of uranium reactor feed requirements. Canada (that is, Saskatchewan) is the world?s largest ?natural? uranium producer with about a third of the global production. Saskatchewan?s mines produced more than 30 million pounds of yellowcake in 2002. Despite low prices, steady demand for uranium will continue. In fact, an increase in world uranium production in 2002 helped feed a more than 3 per cent increase in reactor fuel demand. Low cost production is important for surviving low market prices, but investments are based on longer-term strategies rather than simply responding to market cycles. Cost is not the only issue. In these times of increasing regulatory and public scrutiny we must continue to earn the trust of our stakeholders by adopting the highest standards and staying on the leading edge of technical, social and environmental developments. Managing these issues is as important as traditional concerns of ore grade and cost of production. The last two decades of the 20th century saw the Province of Saskatchewan rise to prominence as the leader in uranium production from facilities, which were at the time deemed world class. These facilities are now either at - or nearing - the end of their production years. We are now bringing on new facilities that will position Saskatchewan to remain the world leader in uranium production for many years to come.

May 1, 2003