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By Christopher R. Lattanzi

"Discounted cash flow analysis provides a means of relating the magnitude of expected future cash profits to the magnitude of the initial cash investment required to purchase an asset or to develop it for commercial production. The objectives of discounted cash flow analysis are to determine:.. The net present value of a stream of expected future cash revenues and expenditures... The rate of return which the expected future cash flows will yield on a given level of initial cash investment.In the case of mineral properties, discounted cash flow analysis is generally accepted as the preferred method of valuation, whenever sufficient data are available to permit its reasoned application. Sufficient data are required to support estimation of all of the individual elements of cash revenue and cash expenditure which will be associated with the development and operation of the property, up to the end of its estimated life. It is the accuracy of these input estimates which determines the validity of the resulting determinations of profitability and rate of return on invested capital.In undertaking any discounted cash flow analysis, it is important to recognize certain fundamental attributes of the mining industty:.. The basis of any mineral development is the existence of an ore reserve... Costs are determined by the number of tonnes mined and processed, while revenues are determined by the number of pounds or ounces of metal produced. The two are related by the recovered grade of the ore... Profit is typically more sensitive to changes in revenue than it is to changes in cost... Commodity price is a principal determinant of revenue, but it is also the factor with which is associated the greatest level of financial risk.In the end, of all of the factors which must be considered in the discounted cash flow valuation of a mineral property, the most significant are the reliability of the reserve estimate, particularly with respect to recovered grade, the price at which the product is to be sold, and the risk of not maintaining the projected level of price."

Jan 1, 2003

By Robert J. McCarthy

There are two things on everyone's lips when mining folks gather these days - one is the exciting business opportunities that now exist for mine development and expansion, and the other is the dire shortage of human resources needed to design, manage, and even operate the mines. Years of stagnant industry growth, limited employment opportunities, and unwarranted perceptions of remote and harsh working conditions have caused mining to be a less than desirable career choice. Attrition and reduced entry to the workforce has resulted in shortages for not only mining professionals, but also skilled trades people and operators. Consequently, to survive, let alone grow, mining companies, suppliers, and educators are all pursuing innovative solutions with technology, inter-industry recruiting, centralized services, and strategic partnerships. This paper describes some of these initiatives and proposes others, now that the people are gone!

May 1, 2008

By Marcotte P.

Introduction Pneumatic jackleg rock drills are commonly used in underground mining operations. These tools are known to expose their operators to hand-arm vibration levels in the order of 20-35 m/s2 weighted (Wh). Thus, the majority of the workers who have cumulated several years of jackleg rock drill operation are affected by related health problems such as Raynaud's syndrome or carpal tunnel syndrome. Up to now, no efficient personal safety device was available to protect pneumatic rock drill operators against hand-arm vibration (HAV). To address this problem, an anti-vibration handle prototype for jackleg drills has been developed in a previous study. Then, a multi-partner project was launched to refine the prototype and commercialize an effective anti-vibration handle for pneumatic rock drills.

Feb 1, 2008

Centralia?Mine Operations ?Centralia Mine ?Mountainous Terrain ?High rainfall (greater than 50 inches/yr) ?Multiple Pit/Multiple Seam ?Truck/Shovel Prestripping ?Dragline Overburden ?Coal Wash Plants

May 1, 2001

Experimental determination of the response of an AG/SAG mill treating two components of significantly different impact resistance is challenging for two main reasons: firstly, small scale laboratory tests have yet to be confirmed as valid representations of the full scale milling environment, and secondly pilot plant testing requires 10-20 tonnes of ore per scenario which precludes the use of drill core, rendering the process very expensive. In order to mitigate these difficulties, modelling was considered as a potential way forward. However, as the JKSimMet AG/SAG model currently has no capacity to simulate the interaction of two ore types with differing impact resistance, density and/or feed size distributions, an alternative modelling approach was developed. This approach aims to essentially calibrate the AG/SAG process under a set of given conditions, for which survey data and the ore properties of the main components in the feed blend already exist. This paper describes a new conceptual model, which provides a simplified approach for investigating the multi-component behaviour of two ores of differing hardness/SG in a given AG/SAG milling environment, and which can potentially be used for scale-up from laboratory/pilot testwork and geometallurgical estimation of throughput.

Jan 1, 2012

CI, Data and Data Systems Road Analysis Control Quick and simple manual Analysis Case study Visual relation of analysis

May 1, 2013

By Michael Nicol

A quantitative description of hydrometallurgical operations depends primarily on an understanding of the kinetics of the chemical and physical processes that take place in such operations. This paper will review the current status of kinetics in hydrometallurgy in terms primarily of the author’s experience in diverse unit operations. A distinction will be made between the popular use of models based on limited kinetic data and mechanisms which reflect the actual elementary chemical or physical steps involved in an overall process. Several examples will be used to illustrate this distinction. The proliferation of published papers of declining quality has resulted in the bequest to later researchers of outdated and often incorrect conclusions by a process that is often difficult to reverse. Some examples of these mysterious concepts will be examined and hopefully reversed. Finally, several examples will be given that identify significant gaps in our understanding of the kinetics of important processes that remain unresolved.

Jan 1, 2014

By Mahmoud Shakeri1

Various types of thin-walled structures have been frequently used as energy absorbers to mitigate the adverse effects of impact and hence protect the vehicle structure under consideration when subjected to different loading conditions. Compression tubular structures that buckle in a progressive manner, can be used to advantage, providing inexpensive and versatile, but nevertheless weight and stroke efficient energy absorbers. In this paper quasi-static nonlinear finite element simulations are performed to study the effects of number of corners of the cross-section, wall thickness, plastic hardening rate of material, foam-filler and load angle on deformation mode and mean crushing force of tube. Crush strength increases as the number of corners of the cross-section increases, though it almost saturates for the number of corners beyond 11. Higher plastic hardening rate stabilizes the collapse pattern. Foam-filled tubes seem to have higher critical load angles in oblique loading and display a more stable and gradual decrease in mean load over the transition region. Substantial decrease in the initial peak load and dynamic load at any a given deflection was observed as the load angle increases. The investigation of bitubal arrangements and Multi-cell tubes reveals that these may be preferable to monotubal specimens due to the presence of the inner profiles. In addition, a comparison is conducted between the numerical and experimental results of the mean forces of some special angle elements. Good agreement is obtained.

Oct 1, 2011

By BARRY BANNATYNE

About 90 per cent of Manitoba's industrial minerals production is for structural materials. Most of these come from the Paleozoic rocks west of the Precarnbrian Shield, or from glacial deposits that are extensive throughout Manitoba. The major raw materials are sand and gravel, and carbonate rocks for crushed stone (and also dolomite for high-magnesia lime, high-calcium limestone for lime and Portland cement, and dolomitic limestone for Tyndall stone). Glacial lake clays are used both in cement and in lightweight aggregate. The Jurassic and Cretaceous strata exposed along or near the Manitoba Escarpment include siliceous, carbonaceous, kaolinitic and illitic shales, all of which are quarried by Red River Brick and Tile in the Pembina Mountain and Ste. Rose areas for use in a brick plant at Lockport. Non-swelling bentonite near the base of the Pembina Member of the Upper Cretaceous Vermilion River Formation is of value as an absorbent clay, and is the only commercial source in production in Canada. It has been quarried by Pembina Mountain Clays Limited since 1940. Gypsum occurs in the Jurassic Amaranth Formation and supplies much of the market for wallboard and Portland cement additive in the Prairie Provinces. Quarries are operated at Gypsumville by Domtar Construction Materials Limited, and north of Amaranth by Westroc Industries Limited. Silica sand from the Ordovician Winnipeg Formation is of glass-grade quality, and about 100,000 tonnes are produced annually by Steel Brothers Canada Limited on Black Island . It is used as a glass sand, as foundry sand, for sand blasting, and as a filter-bed sand .

Jan 1, 1984

By John Stubbs

Sub-Surface Shaft excavation Mine development Headframes Surface Production facilities Product storage and loading Tailings area Infrastructure Discovery Lodge Utilities Operations complex Port Marine loading Rail unloading and storage

May 1, 2013

By Barbara A. Filas

The IFC goal is to promote private sector investment in developing countries which will reduce poverty and improve people?s lives. The developing country goal is to promote health, education and employment opportunities that improve their economies and their standard of living. The mining company goal is to Promote successful ?triple bottom line? mining projects that will grow shareholder equity

May 1, 2002

By P. M. Dranchuk

"SINCE their inception, the mineral industries have, from time to time, been confronted by various and sundry problems. These have been identified, attacked and solved by means of a slow methodical process peculiar to these industries. During the past decade, these industries have experienced increasing difficulty in attracting and retaining an adequate supply of manpower. This poses a situation which seems to be unlike those that came before it in that it appears to be immune to those methods of attack which were successful in the past. Despite various attacks upon the problem, its seriousness appears to be increasing at an increasing rate. The point has now been reached where the President of AIME recently expressed the opinion that this is the most serious problem facing these industries at this time (1). Another observer has gone so far as to state, ""Given the motivation and the determination, the crisis in mineral education in Canada, can, in time be met. But it will take a generation if we Start DOW (2)"".Part of the difficulty arises out of the identification and assessment of the problem itself. For, although the manpower shortage has been developing over a fairly long period of time, there still appears to be no unanimity concerning its seriousness and the nature of the threat which it poses. Some observers continue to maintain that the current situation is not new at all, but is merely the reappearance of something old which is cyclic in nature. They observe that in the past there were numerous periods where the mineral industries encountered manpower shortages but that, in each instance, the situation eventually rectified itself. Furthermore, they draw attention to the fact that the current problem is not confined to the mineral industries but that in fact all industries are experiencing an increasing manpower shortage. They are therefore confident that if left alone the present problem will eventually disappear."

Jan 1, 1967

By M. Piard

The scarcity of literature referring to mines in the Rockies has compelled the writer to co-ordinate information and advice taken at the very source. Help was gladly given by active inspectors and mine bosses. Although the field is unimportant at the present time, due to its distance from markets for raw coal, it is quite worthy of the attention it is receiving from two continents; for, with the commercial synthesis of liquid fuels, it would become the largest fuel laboratory in the world, provided, of course, that freight cost drops to a low comparative level. As explained below, there are no obstacles to economical and safe operation under anything like the typical outcrop shown in Figure 1. Although coal dust is probably more dangerous in the Rockies than anywhere else, the damp outcrops afford means of control. The abundant gas may be bled to the open air, and the rigid roof will settle gradually under a wide span of opened outcropping. The Panel Retreating Wall The Measures: Coal measures having an attitude similar to that shown in cross-section in Figure x are characteristic of the active coalfield on the Alberta side of the Rockies, and they are also found on large tracts of undeveloped land west of the divide. The small anticlines, not shown in the cross-section, do not affect the progress of a pillar line, provided their crests are connected to the atmosphere by drainage bore-holes.

Jan 1, 1928

By M. D. Quinn

THE sand and gravel used for backfilling at the Hollinger mine is obtained from deposits in a low range of hills some three miles north of the mine, where the Company owns a number of claims. The material is transported to the mine by aerial tram. Shipments from these deposits to the Hollinger mine commenced in June, 1927, and since May, 1936, sand has been supplied also to the McIntyre mine. During 1942, Hollinger requirements were 1,700 tons per day, and 900 tons per day was delivered to McIntyre. For the past seven years production has averaged 900,000 tons annually, and total deliveries to the end of 1942 were 13,129,022 tons, of which 11,075,339 tons went to Hollinger and 2,053,683 tons to McIntyre. Some years ago, when the original pit was approaching exhaustion, new workings were opened on claims east and south of the tramway terminal. It soon became apparent that the sand varies considerably in character from place to place. The weight per cubic foot was found to range from 85 to 130 lb., and the water percolation rate from 2 to 50 inches per hour. As the mine requirement is a sand with percolation rate of 6 inches or better per hour, it was evident that in certain parts of the deposits the material was not suitable for use as backfill. As a consequence, it was decided to carry out a programme of systematic sampling of the claims in order to select the areas containing suitable material for back-fill and at the same time estimate the tonnage available.

Jan 1, 1944

By David Green

"This paper describes Outokumpu's Tank Cell concept using the unit reactor principle and operating experience gained in various applications. Presently the tank cells used range in size from 35 t pilot size to 100 m' (3500 cuft). The paper discusses operating experience and results from commercial installations in copper and zinc rougher and cleaner services.The key feature of the Tank Cell described is the effective control of the froth phase and resulting possibility to operate on an improved grade recovery curve by manipulating the control variables."

Jan 1, 1995

By F. Habashi

In the period 1970-1995, a number of hydro metallurgical processes to treat copper concentrates to overcome the pollution problem due to S02 emission in smelters were developed. Pilot and commercial scale plants were built and operated for some time, but eventually all were abandoned a few years later. It is constructive to examine why these processes were abandoned after so much expenditure of funds and effort, so that errors should not be repeated in the future and lessons from the past are learned.

Jan 1, 2007

By Normand Bédard

This presentation highlights Cambior?s initial approach for recruiting and retaining its international employees, the importance of proper preparation and the support needed to ensure a competent and stable workforce. In general, most of the training and information available for human resources personnel prepares the specialist for handling various aspects of labour relations, recruitment and hiring, benefits administration, employee relocation, etc. This is usually done in a Canadian context. Only recently, has more specialized training been developed to prepare human resources practitioners for the complex issues related to expatriate employees and dealing with human resources issues in other countries.

May 1, 2003

By M. McKim

"Due to the fact that there were no formal papers submitted for this session we can only print the discussions of the papers. a) Maqnetic Mill Liners : M. MckimE. MarcotteFalconbridge LimitedReplyIn looking at the slides on magnetic mill liners a question comes to mind, particularly in the case of a large diameter mill using large grinding media, concerning the potential hazzards which may exist from large chuncks of steel hanging in the mill. Would you comment.The magnetism was sufficiently strong from liner to liner to hold ........................ .(We are sorry but we could not transcribe the full reply to this question as no microphone was used by the speaker and i't was impossible for us to complete the rest).·"

Jan 1, 1984

By Bob Rappolt

Discussion Points Part 1: Global Mining Industry/Related Issues ? Historical Metal Price Trends. ? Historical LME Metal Stockpiles. ? China?s Demand for Metal. ? World Population Growth, Demands and Development. Discussion Points (cont?d) Part 2: Canadian Mining Industry ? Where are we? And where are we going? ? What progress have we made in the past 20 years regarding: ? Safety -Employee Levels ? Labour -Relative Compensation ? Productivity - Technological Advance ? Where do we stand regarding mineral production? ? What does the future hold for us?

Apr 1, 2005

By C. Sartain

In recent years market pressures have been building on companies to develop the next era of mining projects to follow the previous boom in copper projects of the mid 90's. However the response from the industry has been slow in coming, and somewhat muted. It is clear that there simply have not been the obvious quality projects waiting to be rapidly developed. Many of the known undeveloped copper projects have particular characteristics that have previously prevented their development, including mineralogical complexity in the ore bodies, environmental challenges or particularly difficult geographic locations. This paper describes how the Copper Division of an international mining company, Xstrata plc, is preparing to progressively develop an impressive pipeline of projects, armed with an array of proprietary technologies and with a strong approach towards sustainable development and community engagement. The approach being taken is enabling Xstrata to complement its acquisitive corporate philosophy with a management emphasis on project development and operational optimization and enhancement.

Jan 1, 2007