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By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By Edward I. Renouard

"THE mineral industry is constantly undergoing changes and facing challenges, and today we are in the midst of another serious one -namely, manpower requirement at every level in the mines, shops and plants. In the not too distant past we had a situation where labour was plentiful, although the equipment, by present-day standards, was quite inadequate, and that's easily understandable when you look back at the primitive methods by which our Western mines were first developed and operated, and then improved by the inventiveness and ingenuity of man.I'd like to show you a few slides from drawings made by Buck O'-Donnell which illustrate some of yesterday's methods of mining. Some of you probably had first-hand experience with some of these so you know they were tedious, time-consuming and involved a lot of heavy labour.Taking the Anaconda Company operations at Butte as an example, we can see what has happened in just the past ten years. In August of 1956, the Butte mines had 5,516 day's-pay employees and 976 salaried employees, for a total payroll of 6,492. In August of this year, there were 3,645 day's-pay employees and 605 on the salaried roll, for a total of 4,250. The number of contract miners had gone from 1,347 in 1956 to 606 in 1966 and that of other underground miners from 2,893 ten years ago to 1,149 this year. Along with these changes, however, another change of special significance has taken place, and that is in the number of skilled craftsmen, surface engineers and so on required for our operations. In 1966, we had 1,890 of these people, 600 more than in 1956 and nearly three times as many as just twenty years ago."

Jan 1, 1967

By E. R. Packer

"The mill of Anaconda Britannia Mines is located on the eastern shore of Howe Sound, approximately 32 miles north of Vancouver, British Columbia. The mill has a daily capacity of 3400 to 3500 tons and at the present is treating chalcopyrite-pyrite ore from which only the copper mineral is concentrated. For a clear conception of concentrate filtering and shipping practice at Britannia perhaps a bit of past history should be related.For many years the mill concentrated copper and zinc minerals and intermittently a pyrite concentrate was produced. It was general practice to ship copper concentrate by towed barge down Howe Sound, across Juan de Fuca Strait and thence down Puget Sound to Asarco's smelter at Tacoma, Washington. Zinc concentrate was loaded in hopper bottom rail gondolas spotted on rail barges and towed to rail heads in Vancouver, thence by rail to Anaconda Reduction Works in Great Falls, Montana. Most of the pyrite produced was shipped by ocean freighters to Japan and Taiwan with an occasional barge load of 2000 to 4000 tons to nearby customers in Vancouver and the state of Washington.In recent years, because of smelter shut-downs for one reason or another, mostly strikes, a considerable amount of copper concentrates has been shipped by ocean freight to Japan and in 1971 several lots were loaded in gondola cars and shipped by rail to the Anaconda smelter in Anaconda, Montana, because Asarco's smelter was forced by municipal and state anti-pollution laws to limit the amount of S02 emission from the smelter stacks. Zinc concentrate production was halted in the early part of 1Y70 because of zinc depletion in the ores and pyrite production was stopped in May, 1971, because of a lack of markets.Filter equipment in the Britannia mill consists of conventional disc vacuum filters and reciprocating vacuum pumps. The copper concentrate filter was installed in 1923 as a 6 x 8'6"" American disc type manufactured by United Filter Corporation, The zinc concentrate filter, now converted as a spare for copper concentrates, is also a 6 x 8'611 American disc manufactured by Traylor Engineering and Manufacturing Company and was installed the same year. Formerly, there were, in addition, two 4 x 6' disc filters for pyrite and two 6 x 6' disc filters to de-water bulk flotation concentrates ahead of the regrind mills. Installed vacuum pumps were two Ingersoll Rand 22"" x 811 and one 22"" x 9"". One of the smaller machines has since been scrapped.At the time of the writer's transfer to Britannia in 1965, the entire filter system was operating as a unit using two vacuum pumps and a common filtrate tank with a 2"" SRL filtrate pump for five operating filters. The regrind and pyrite filters were in continuous operation and the co11p('r concentrate filter alternated with the zinc concentrate filter because both copper and zinc concentrates were transp0rted to storage by the same conveyor belt."

Jan 1, 1972

By J. A. Vallejos

Re-entry protocols are a tactical approach for controlling risk after blasts or large events in seismically active mines. Based on the results of a survey on 18 seismically active mines, mostly in Ontario, current re-entry practices are summarized. Over half of the mines in Ontario use event decay rate analysis as their primary re-entry decision making parameter. We study in detail the applicability of the Omori?s law as an equation for describing the event decay rate for more than 250 mining-induced aftershock sequences in seven different environments. Practical guidelines for the use of the Omori equation as a re-entry criterion are proposed.

May 1, 2009

By Pierre Gratton, Gordon Peeling

The Mining Association of Canada launched the Towards Sustainable Mining initiative in 2004. TSM’s goal is to improve the mining industry’s performance by aligning its actions with the priorities and values of Canadians. The initiative currently includes performance indicators for four areas: tailings management, energy use and greenhouse gas management, external outreach and corporate crisis management planning. Over the past year, the association has been designing a performance assessment and verification system for these performance areas, as its members prepare to move to external verification of their performance in 2006. The presentation will describe the initiative and its evolution, as well as the challenges faced in developing a verification system applicable to an entire sector.

Jan 1, 2006

By Tony Lipiec, Chris Fleming, Larry Urbanoski

In 2009, the Canadian Mineral Processors (CMP) became aware that Canadian securities regulators were amending the contents of National Instrument 43-101. NI 43-101 is a set of regulations which establish how ore resources and reserves are presented to the investing public. The documents produced under NI 43-101 are central to the ability of many companies to raise financing for their projects. With the increase of metallurgical complexity, and decrease of head grades encountered in new deposits, the role of the Qualified Person (QP) in determining process performance has become increasingly critical in determining the classification category of resources and reserves. Given the challenges confronted by those involved in defining the concentration and extraction of minerals and metals, there is a need to provide support to these QPs. To address these concerns, the CMP established a sub-committee in 2010 to create a set of guideline documents to assist the QP involved in process matters as to what should be included at the various levels of study supporting the establishment of resources and reserves in NI 43- 101. The results of the sub-committee work are presented and the considerations in the writing of the documents are discussed.

Jan 1, 2011

By David H. Searle

This paper will discuss the common trends existing in various Canadian jurisdictions for the closure and reclamation of mines. Included will be a discussion of the requirement to post security as well as its form and how security is calculated and refunded. Reclamation can no longer be left to the end of mine life. Progressive reclamation must occur throughout mine life and must be part of the mine plan from the beginning.

May 1, 2006

By Sami Hindstrom, Travis Orser, John Starkey

"A great deal of effort has been expended in the last 11 years by the authors and others to identify the correct power required to grind ore in a SAG mill, by developing ore hardness variability functions for the ore body to be mined. This paper describes the next step in the SAG design process, which is choosing a SAG mill to accomplish the required specified design performance.At the test work stage, each ore hardness data point is a unique and discreet bit of information that represents the energy required to grind the ore represented by that sample at optimum SAG conditions. When the design criteria are set, it is now considered necessary that the required power draw in the mill chosen be provided at optimum conditions as well.Based on actual 3-ft diameter pilot plant results, we can now show that the grinding efficiency and throughput drop when the optimum load limit is exceeded. Future work is expected to show a similar reduction in efficiency when exceeding optimum speed. Providing specified power by exceeding these optimum conditions is not adequate and leads to a lower cost but underperforming SAG mill.It is possible in some cases to modify a SAG circuit to force it to perform better, but this often takes time, much effort and costly modifications. In most cases the capital spent on a properly sized SAG mill may prevent production losses that would be many times greater over the extended start up period. This is the direct result of choosing the proper SAG mill at the start.INTRODUCTIONThe sequential steps required for the design of any grinding circuit, have changed dramatically in the last seven years. Previously, it was considered necessary to do six foot diameter SAG mill pilot plant tests on representative samples of minus six inch ore (F80), in order to understand design requirements. It can now be shown that this method is costly and not likely to produce the desired result because it is difficult to recover six-inch material from deep within a new mine. The representative nature of the sample is often compromised when the sample is selected."

Jan 1, 2003

By E. Lee Cameron

Summary Records of the past show that the first mineral production in what is now the Province of Manitoba consisted of salt, obtained about the year 1800 by the evaporation of brine. Also at an early time in our history, the Ordovician limestone at St. Andrews Locks, East Selkirk, and other localities was quarried for use as building scone in the construction of forts and fur trading posts. Both salt and building stone are still produced in Manitoba, although not from the original sources. In addition, there is now a substantial production of a variety of other industrial minerals and their products such as lime, crushed stone, gypsum, peat moss, and bentonite. The annual dollar value of production of the industrial mineral industry in Manitoba is today greater than at any time in our past and is derived from a greater variety of products. At the present time, exclusive of the various gravel pits operated by the Provincial Department of Public Works, twenty companies operating thirty-four separate pits, quarries, or mines are producing industrial mineral raw materials in Manitoba. This paper attempts to outline the development of the industry from its start about 1800 to the present, giving general information on the various materials produced. Some suggestions regarding the possibilities of establishing new industries based on other raw materials are given at the end of the paper.

Jan 1, 1949

By Bob Robinson

In 1990, the European Space Agency (ESA) initiated a technology transfer program to stimulate the wider use of technology developed by the European and Canadian space communities. This paper focuses on the method of technology transfer from the space industry to terrestrial industries, with a focus on the mining resource sector within a program called the Harsh Environments Initiative (HEI) created in 1997. Other resource sector applications include forestry and oil & gas. C-CORE in partnership with the Mining Innovation, Rehabilitation and Applied Research Corporation (MIRARCO) supported by ESA, Canadian Space Agency (CSA) and European R&D organizations conduct projects to promote and demonstrate the transfer of innovative technologies from space to non-space industries. Space programs have and continue to develop new knowledge for extra-terrestrial application, e.g., satellite earth observation, manned missions and unmanned planetary exploration. Many of which hold the potential for application on land and ocean. Currently, space technologies of interest to the mine sector range from robotics and image analysis to sensors, software and advanced materials. The HEI works to identify and apply these types of technologies in the areas of automated/tele-controlled mine operations and mine monitoring.

May 1, 2001

By Steven Doyle

Presentation Outline ?Introduction to Brunswick Mine ?Mining Needs and Drilling Trends ?Maintenance Program ?Back to Basics ?Results ?Additional benefits Introduction Xstrata Zinc Brunswick Mine ?No. 12 deposit discovered in 1953, pilot mining 1957, u/g mining began in 1964 ?Zinc, copper, lead and bulk lead/zinc concentrates ?Since 2007, a fully owned division of Xstrata Zinc Canada ?Over 132Mt milled 3.4 % Pb, 8.8 % Zn and 102 g/t Ag ?Deposit dips approximately 70 degrees; strike length of 1200 m; currently mining from 250 m to 1125 m depth

Nov 1, 2011

By Serge Ouellet

Résumé Six modèles métriques de remblai cimenté en pâte (RCP) ont été suivis durant 120 jours par l?utilisation de deux méthodes géophysiques non-destructives : la résistivité et la micro-sismique. Les RCP étaient constitués de trois résidus miniers et de deux proportions de ciment (3% et 6% en poids). En parallèle, des cylindres de RCP étaient utilisés pour évaluer périodiquement l?UCS. La résistivité augmentait quasi-linéairement de 28 à 120 jours pour tous les RCP investigués. Des variations de résistivité selon le type de résidu et le pourcentage de ciment ont été observées. Une équation empirique a été dégagée entre l?UCS, la résistivité, le temps, la densité relative et le rapport eau/ciment (E/C). La mesure de la vitesse des ondes de cisaillement a permis de dégager une équation mathématique de type exponentielle qui relie la résistance mécanique sans correction préalable par les paramètres de la recette de RCP. La réalisation de ce projet avait pour but de dégager la meilleure approche non-destructive afin d?estimer la résistance mécanique des remblais en chantier minier. Sur la base des résultats obtenus, les deux méthodes utilisées ont donné des résultats probants afin d?estimer la résistance mécanique et les deux méthodes sont donc à même d?être utilisées en chantier souterrain. Abstract Six scale models of cemented paste backfill (CPB) were followed during a 120 days period using two nondestructive geophysical methods: resistivity and micro-seismic. CPB were made up of three mine tailings and two cement proportion (3% and 6% by weight). In parallel, CPB cylinders were used to periodically evaluate uniaxial compressive strength (UCS). Resistivity was increasing nearly in straight line from day 28 to day 120 for all CPB models. According to the tailing type and cement percentage, resistivity variations were observed. An empirical equation emerged from UCS, resistivity, time, specific gravity of tailings and, water/cement ratio. The use of shearwave velocity allowed to identify a mathematical exponential equation related to mechanical strength without prior correction of the CPB?s formula parameters. The purpose of this project was to identify the best non-destructive approach in order to evaluate the mechanical strength of backfill in a mine site. On the basis of those results, both methods gave conclusive results in order to estimate mechanical strength and both methods can be used in underground operations.

Feb 1, 2008

By Robert S. MacPhail, Chilombo Henry, Arnold Kabamba, David Mukelebai, Suresh Thirunagari, Bukali Victor, Yoram Kapai, Chomba Leonard, Kanna Amarasingham

"FLEX 31 is a chemically enhanced sodium isopropyl xanthate. Developed by Charles Tennant & Co (Canada) Ltd and has shown improved collection properties over SIPX for sulphide minerals flotation. Improvement of recoveries, grades, faster kinetics, lower dosages, high pyrite and pyrrhotite rejection capabilities have all been exhibited by FLEX 31. Recent plant trial carried out in the copper circuit at one of the largest copper mine in Zambia shown over US $ 2.00 Million annual improvement on the bottom line over SIPX at current copper prices. Data produced also showed superior grade and recoveries from rougher concentrates that previously had not been attainable with other reagents effectively. Flex 31 has also shown positive outcomes with zinc, Copper/Zinc, arsenopyrite and copper/molybdenum ores.IntroductionSodium Isopropyl Xanthate (SIPX) is one of the most popular flotation chemicals on the market today. Somewhat more specific than amyl xanthate, SIPX is used in a variety of ores like copper/zinc, lead/zinc, arsenopyrite/pyrite, and many others (Melis et al., 1991). An investigation carried out by the research division of Charles Tennant & Company (Canada) Limited has produced a chemically enhanced SIPX. This product has shown all the advantages of normal SIPX along with improved recoveries of copper and copper activated minerals. The product was named “FLEX 31”."

Jan 1, 2016

By K. Meyer, M. E. Goddfellow

"At Teck-Corona Operating Corporation's David Bell Mine, a water quality management strategy is employed to produce both a chemically and biologically clean effluent prior to discharge to the environment.The strategy includes operating methods to minimize contaminants leaving the concentrator and an effluent treatment plant for cyanide, antimony, and heavy metal removal of concentrator, mine and site waste streams.Concentrator practices, the effluent treatment plant, process chemistry and the present day performance of the water quality management strategy are reviewed.INTRODUCTIONThe David Bell Mine is located in the Hernia gold camp 35 km east of Marathon, Ontario. The concentrator has a design throughput of 1,000 tonnes per day. ROM ore (-6"") is ground in a semi-autogenous mill followed by a ball mill, thickener, leaching, and carbon-in-pulp gold recovery unit operations. The concentrator flow sheet is shown in Figure 1."

Jan 1, 1991

By A. Vien, A. J. Neale, B. C. Flintoff, R. P. Edwards

Froth flotation is one of the most widely used and effective processes for mineral beneficiation. First introduced in 1911, flotation technology has seen many developments over the past 80+ years. Innovations in reagent chemistry, equipment design, process analysis and process control have given design and plant engineers a powerful set of "tools" for process optimization. However, it does not follow that all flotation systems are optimized. As Klimpel observes: "The problem with the industrial flotation process is that it is relatively easy to get reasonable results, and relatively difficult to get excellent results" Klimpel (I 988). While reasonable was sufficient in the past, competitive forces will make excellent necessary in the future. Judging by the activities in many Canadian plants this transition is already underway. This paper examines the role of some of the optimization "tools" in effecting this change.

Jan 1, 1994

By Karl J. C. Harries

"The Table of Contents that follows is only an example and is the Table of Contents from an actual negotiated agreement. It is merely intended to show how an agreement might be set out and the nature of possible provisions. As a negotiated agreement the format was dictated by the negotiations. It is not offered as a precedent of what should be contained in a joint venture agreement (“JVA”), the “proper” sequence of Articles, or a complete listing of the contents of joint venture agreements generally. The set-up used for an agreement should be decided by the parties and be one they consider flows in a logical and workable sequence. This example sets out the “deal” first, followed by the provisions relating to how work is to be carried out and then by administrative provisions necessary to make the agreement work. If you are more comfortable with, say, having the Committee provisions at the beginning, by all means have it drafted that way -- you are going to have to live with the agreement and work under it.Notes:1. The Table of Contents provisions appear in bold print. The italicized sections are annotations, which have been provided in some cases where the heading may not clearly describe the contents. They are not intended to be comprehensive, but refer to some specific matters that are considered to be of interest or to need some clarification.2. The subject matter of many of the articles and paragraphs is discussed or commented upon in the text of the book. Some of section cross-references have been provided. Such references are only to sections where the topic is a principal subject and no attempt has been made to provide a comprehensive indexing.3. Although this particular agreement is a three-party agreement, *B* and *C*, the Owners, are required to act as a unit (see para. 1.09. – § 8.44.), making the agreement effectively a two-party agreement. The parties insisted upon having a decision-making Committee and structuring the agreement accordingly. As is explained in § 8.11., such an arrangement is not recommended and can result in problems.5. See also §§ 8.24., 8.41. and 14.13. for discussions on tables of contents, summaries, and headings."

Jan 1, 2003

By K. Bruce Hodgins

The North American mining industry faces challenging emissions regulations in coming years with the introduction of new standards for off-road diesel engines. In order to remain competitive, industry stakeholders must invest in new technologies that are economically and environmentally sustainable. Westport Innovations Inc., of Vancouver B.C. has developed high pressure direct injection (HPDI) technology that allows diesel engines to run primarily on natural gas with no intrusive engine modifications, reduced emissions of NOx, PM, and CO2, with no loss in performance. This is accomplished through late-cycle high-pressure injection of natural gas directly into a diesel engine combustion chamber. The natural gas is injected at the end of the compression stroke. A small amount of diesel fuel is injected first to initiate combustion, followed by the main natural gas fuel injection. The diesel cycle and its operating characteristics are fully retained including high combustion efficiency, low speed torque, high-power output, no engine knock and fast response to load changes. Natural gas has not been an attractive fuel alternative in mining operations due to reduced performance associated with spark ignition engines and the added weight and space required for compressed natural gas tanks. However, liquefied natural gas (LNG) can be stored in a similar manner and volume to diesel fuel by virtue of its increased energy density over compressed natural gas. Cummins, Inc. of Columbus, Indiana and Westport have formed a joint venture, Cummins Westport Inc. (CWI), under which agreement the HPDI technology is being applied to a Cummins QSK engine series for high horsepower applications such as mine haul trucking. CWI, along with Komatsu Mining Systems, ENRG Fuels, Placer Dome, and Cortez Joint Venture are performing a feasibility study for the development and demonstration of an LNGfueled HPDI QSK engine in a large mine haul truck. The goal would be to demonstrate low emissions consistent with EPA ?Blue Sky? standards, high efficiency based on HPDI technology and good economics resulting from the high fuel consumption of 2,000+ hp trucks.

May 1, 2002

By Patrick F. R. Murphy

An ultra-low profile LHD has been developed by EJC Mining Equipment of Burlington, Ontario for narrow-reef mining applications. This paper discusses the challenges encountered during the evolution of the machine's design and subsequent field testing. Continuing research and development focuses on optimizing machine performance and controllability, reducing emissions, and enhancing maintainability. Details will be given on field trial experience and ongoing test work being carried out at the manufacturing facility.

May 1, 2004

By S. Demetrio

China has a traditional segment of Copper Smelters with its own Chinese technology, typically small in size from 20.000 to 50.000 tCu/a, and they are responsible for the processing and production of more than 600,000 tonnes of blister copper per year. For occidental experts, like one of the authors, it is not so easy to believe that they are profitable, because the size and the use of old Blast Furnaces, but they are with simple and effective production lines. The authors are convinced that China has a good alternative to improve theses old copper production lines with small innovative changes in its process arrangement, jumping to higher level technology, more efficient in production, productivity and cost, assuring copper as a raw material for the country and its high speed development. The key to improve that the traditional Chinese Copper Smelter is white metal as an extra raw material as a first step doubling the copper production from raw materials and the complete replacement of concentrates by white metal (WM) in a second step increasing it four times or more as the final goal. It is not so difficult nor expensive to make it happen, but there are a couple of questions for implementing this innovation in the copper smelter industry: 1 - Will the old fashioned mentality be open to this new direction for China being the biggest copper consumer on one side, and the biggest copper Primary Producers on the other hand? and 2 - Will they be open to follow this "win-win" strategic way for both ends of the copper market? We don't know if anybody will take up the challenge to improve it but our responsibility as a consulting expert and a university professor is to put the alternative on table for others to decide whether to implement it.

Jan 1, 2007

By CIM Mineral Resource, Mineral Reserve Committee

The CIM Mineral Exploration Best Practice Guidelines (the Exploration Guidelines) have been prepared to assist professional geoscientists and engineers to conduct consistently high-quality work in order to maintain public confidence. The Exploration Guidelines are meant to assist professional geoscientists and exploration practitioners in planning, supervising, and executing exploration programs. In Canada, there are generally two types of public resource reporting: “Disclosure”, as defined by NI 43-101, is the reporting of technical information to the public and market participants for securities legislation purposes where a Qualified Person (QP) must be involved, and reporting of exploration information for governmental agencies to support obligations under laws including the Mining Acts of each of the Provinces and Territories. The Exploration Guidelines are also relevant where the results will not be publicly reported but are intended for internal company use. While this document is intended as guidance for work conducted or supervised by geoscientists in Canada, many of the practices described herein can be adapted to mineral exploration activities in other countries. The Exploration Guidelines are not intended to inhibit original thinking, or to prevent the application of new approaches that may develop into fundamental components of successful mineral exploration programs. Rather than provide prescriptive solutions to specific issues, they include general guidelines for current professional practice and to demonstrate and defend the merits of new methods. These guidelines do not preclude individuals and companies from developing more detailed guidelines specific to their own requirements. The initial version of the Exploration Guidelines was prepared by the Canadian Institute of Mining and Metallurgy and Petroleum (CIM) Exploration Best Practices Committee and adopted by CIM Council on August 20, 2000. On January 9, 2018, CIM Council formed a new committee, the Mineral Resources and Reserves Committee (CIM MRMR Committee) with a mandate to, among other things, update the Exploration Best Practice Guidelines. The mandate for the committee was accepted by CIM Council on March 2, 2018. The new document was adopted by the CIM Council on November 23, 2018.

Nov 23, 2018