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By J. R. Kadambi, J. Furlan, Kucukal E.

"Hydrocyclones are used in various industrial applications, including mineral processing and tailings management, to separate or classify solid particles and/or liquid droplets from multiphase feed. The fluid flow in a hydrocyclone (used in mineral processing) was investigated numerically and experimentally using particle-image velocimetry (PIV) and refractive index matching techniques. Two turbulence models were used in the calculations: the k–? model and the Reynolds stress model. Particle image velocimetry measurements were taken at various spatial locations along the cyclone. Computational results were validated globally using pressure and flow-rate readings at the boundaries, and locally by comparing the PIV velocity-vector maps and profiles.RÉSUMÉ On utilise les hydrocyclones dans diverses applications industrielles, dont la minéralurgie et la gestion des résidus, pour séparer les particules solides et/ou les gouttelettes liquides de l’alimentation polyphasée, ou pour les classifier. Une étude numérique et expérimentale sur l’écoulement des fluides dans un hydrocyclone (dont on se sert en minéralurgie) a été menée à l’aide des techniques de vélocimétrie par images de particules (PIV, de l’anglais particle image velocimetry) et d’appariement des indices de réfraction. Deux modèles de turbulence ont été utilisés dans ces calculs, à savoir le modèle de turbulence k–? et le modèle aux tensions de Reynolds (RSM, de l’anglais Reynolds stress model). La valeur de la PIV a été mesurée à diverses positions spatiales le long du cyclone. Les résultats de ces calculs ont été validés globalement à l’aide de relevés des pressions et du coefficient d’écoulement d’une extrémité à l’autre de l’hydrocyclone, et localement à des coordonnées spatiales spécifiques en comparant les cartes et les profils du vecteur vitesse PIV.INTRODUCTIONA hydrocyclone is a piece of equipment used to separate and/or classify solid particles or liquid droplets from liquid solid or liquid-liquid feed. Versatile in application, hydrocyclones have been widely used in industrial applications including the food, oil, power generation, chemical, and mineral processing industries. The first hydrocyclone was introduced in 1891 by Bretney to purify various liquids (Bretney, 1891). Hydrocyclones have a relatively simple design with no moving parts, which leads to an efficient separation process."

Jan 1, 2017

By Hagen B. Schultes

"Refratechnik, a leading German refractory company, acquired a majority shareholding in Baymag in 1979. This acquisition included the mining rights for a magnesite deposit of exceptionally high purity in the Canadian Rocky Mountains.The deposit, situated in the Kootenay region of southeastern British Columbia, is of Cambrian age and has ore reserves of 50 million m. t. of magnesite. The Baymag magnesite deposit is one of the purest in the world. The deposit was opened up and mining commenced in early 1982. Production of various caustic calcined magnesia products in a rotary kiln operation in Exshaw, Alberta, was started in mid-1982. The product application ranges from pulp and paper production, to the chemical industry, and to animal feed supplements. Since the end of 1983, Baymag has produced high-quality refractory grade fused magnesium oxide f or specialty applications in the steel industry.IntroductionAlthough magnesium is the eighth most abundant element in the earth and forms about 2.06% of the earth's crust, common knowledge about magnesium and especially magnesium oxide (MgO) as an industrial mineral is not widespread. The reason might be that, with the exception of magnesium metal as the element, magnesia products are not generally sold as final products to end-users, but rather are needed for the production of final products such as steel, cement, paper, etc. Therefore, some general comments are given about the different sources of MgO, the different products, world production and consumption , before Baymag specifics are addressed. Magnesium metal will not be discussed in this paper."

Jan 1, 1986

By W. M. G. Heeley

In the province of Alberta the coal measures dip at so many different angles, between the horizontal and the vertical, that many different systems of haulage are in use. I will, however, only touch briefly upon the general -systems in use, and devote the major portion of this paper to a discussion of endless-rope haulage and its adaptibility to various conditions in coal mines; dealing in particular with the endless-rope haulage that was installed at Brule during the month of August 1923. In coal seams that are approximately level, and newly opened, hand-putting or tramming from the face is the cheapest, but when the mine is further developed tramming is out of the question, and the use of ponies is the next consideration. The time arrives, however, when mining reaches a point where the economical haulage of coal by horses cannot be done profitably, and then some system of mechanical haulage must be installed. The installation of any system should be carefully considered before any particular type of haulage is adopted, because a great deal depends upon the grade or dip of the seam. Motor haulage is impossible to operate profitably on a grade of over 6 per cent and, while it is possible to use ponies, on short runs, up to 9 per cent, some other means of main and secondary haulage must be installed when a 9 per cent grade, is exceeded. I will, therefore, deal first with secondary haulage, because even though a main haulage is established, secondary haulage can be used to feed the main haulage.

Jan 1, 1925

By Barry J. Turley

With over 700 large electric-drive haulage trucks operating in Canadian mining today and over 3700 in mines worldwide, most aspects of electric drive are well known. Recently, however, extensive application of these trucks to down-hill hauling in mountain mining makes it vitally important that many of us better understand the operation and proper application of the dynamic retarding feature of these vehicles. This paper is an attempt to clear up misunderstandings on this subject, to suggest precautions that mining operators should take in comparing competitive retarding systems and to challenge equipment manufacturers to evolve improvements to the important aspect of system performance.

Jan 1, 1978

By Patricia J. Dillon

Established in 1997, Prospectors and Developers Association of Canada Mining Matters (PDACMM) is a registered charitable organization dedicated to providing Earth Science education to grade school students. Through the development and distribution of educational programs and materials, PDACMM informs students of Canada?s geology and mineral resources as well as promoting awareness of the importance of rocks, minerals, metals and the mining industry. PDACMM also co-ordinates with other charitable organizations and government agencies to provide support or to work in tandem with them and reach as many young people as possible. Although PDACMM became a charitable organization in 1997, it actually has its? roots in 1994 when the Grade 7 program Mining Matters/Une Mine de Renseignments was developed to help teachers bring geology and mining into the classroom. Over 2100 of these resource kits were distributed to teachers across Ontario during the period 1995 to 1998. This unit won national recognition when it received the prestigious Partnership Focus award from the Conference Board of Canada for ?promoting science literacy for the world of work?. Due to the phenomenal success of these kits, a Grade 4 kit entitled Deeper and Deeper/Aller au Fond Des Choses was developed in 1998 in response to the opportunity provided by the new Ontario curriculum released at that time. Over 2600 of these kits were distributed throughout Ontario and there is a substantial waiting list of teachers hoping PDACMM will be able to raise enough money for another print run.

May 1, 2002

By Victor F. Hollister, Robert W. Hodder

"The petrology and mineralogy of porphyry copper deposits are thoroughly described in recent literature and cited as the definitive characteristics for this type of deposit. The magmatic-hydrothermal aspect of genesis is also dealt with in detail. However, descriptions of their internal structure and regional setting are not as rigorous, and the genesis of this structure is simply stated as the release of high fluid pressures in a cooling magma emplaced along large fault zones. Genetic relationships between internal structure, regional setting and the tectonic evolution of continents has been alluded to infrequently in the past, but can now be considered together within the developing concept of orogeny at the margins of drifting crustal plates.Tensional structures, on both local and regional scale, and a Triassic to Tertiary age are described for porphyry copper deposits. We contend that such structure and age are distinct and unifying characteristics for this type of deposit and are genetically related to major crustal movements. British Columbia has porphyry copper deposits contemporaneous with plutons 180 to 200 million years old and 40 to 60 million years old. The former age group correlates with early stages of the continent's westward drift, and the latter group with a change in tectonic style during late development of the Canadian Cordillera. Hence, one can in British Columbia reflect on the genesis of a deposit's structure in the broader context of tectonic evolution. Such consideration should lead to more definitive criteria for area selection in exploration."

Jan 1, 1972

By A. Bauer, P. Katsabanis, M. Baker

The principal results from a previous paper presented at the Mine Accident Prevention Association of Ontario in 1987 (1) are summarized here. It is concluded that the selection of explosives in mines experiencing sulphide ignitions is important and that aluminized explosives should be avoided because of their high explosion temperatures and their detonation products. The duration of the blast is also critical and secondary blasts should not occur simultaneously with nearby priroa:ty blasts.

May 11, 1988

By K. Mayhew, K. Murray

The CESL Copper Process was developed as a hydrometallurgical alternative to smelting and refining for copper sulphide concentrates. As the majority of such concentrates contain appreciable gold and silver values, effective recovery of these metals is essential to the economics of this technology. Unfortunately, conventional cyanide processing cannot be used on the residue from the copper process, clue to its unusual characteristics when compared with naturally occurring gold and silver ores. An abundance of elemental sulphur, as well as the presence of cyanide soluble copper, leads to the formation of both thiocyanate and copper cyanide which is detrimental to process economics clue to excessive cyanide consumption. This, however, can be reduced to acceptable levels by process innovations such as pressure cyanidation and cyanide recovery. This paper outlines the successful application of the CESL Gold Process to various gold-bearing copper concentrates from bench to demonstration scale.

Jan 1, 2011

By S. D. F. Rocha1, L. Katsarou, G. P. Demopoulos

"Crystalline scorodite (FeAsO4·2H2O) has been pointed out as the most stable compound to immobilize arsenic for disposal due to its good stability performance according to EPA’s TCLP test. However, in anaerobic conditions, arsenic releasing is increased to undesired levels due to scorodite reductive break down, in eh <100 mV at 5.5< pH <7 which causes contamination of groundwater. In this work, the concept of encapsulation by controlled deposition of mineral coatings immune to pH or redox potential variations is presented. Aluminum and calcium phosphates were evaluated as coatings and the release of arsenic from scorodite previously coated with phosphates was substantially decreased when compared to the VALUES (obtained from crude scorodite, both in oxic and anoxic conditions. INTRODUCTIONThe widely acknowledged hazardous properties of arsenic as a soil and natural water contaminant and its adverse health effects when present in drinking water have led to very strict environmental regulations (Mandal & Suzuki, 2002) aiming at the drastic reduction of the presence of arsenic in the effluents of the mining and metallurgical industries.In Canada, the Metal Mining Effluent Regulations (Government of Canada, 2002) dictate that the maximum monthly mean concentration in tailings for arsenic must be lower than 0.5 mg/L. At the same time the new Environmental Protection Agency’s (EPA) standard for drinking water foresees concentrations of arsenic less than 0.01 mg/L, which means that the leachability limit for the industrial waste is set at 1 mg/L arsenic (EPA, 1994; Le Berre et. al, 2007). One of the preoccupations of the mining and metallurgical industries is directed to the elimination of arsenic presence in all its effluents, especially since arsenic is commonly found in many ores mainly in the form of oxides and sulphides. After processing of arsenic-containing ores and concentrates, arsenic can be present either in solid residues and tailings, liquid effluents or in flue dusts. Several of these forms of arsenic waste materials are soluble and therefore may cause the contamination of ground water, if disposed of without further treatment."

Jan 1, 2012

By R. W. Lawrence, O. Lopez

Many gold deposits in the world have not been developed clue to the presence of copper and other base metals which can cause metallurgical and environmental challenges clue to the formation of base metal cyanide complexes. SART technology (sulphidization-acidification-recycle-thickening) can resolve these issues by recovering copper as a high grade sulphide concentrate, recycling the associated cyanide back to the gold leach, and eliminating the downstream environmental liabilities. Project economics can be improved substantially, leading to a positive re-evaluation of new and existing gold-copper projects. Some aspects of the design and operation of two recently commissioned SART plants will be discussed.

Jan 1, 2011

By M. H. Pettibone

Sohio Petroleum Company&apos;s new L-Bar uranium mill near Grants, New Mexico. refines 2722 kilograms of yellowcake daily from 1360 metric tons of ore produced at Sohio &apos;s J.J. No. 1 mine and other nearby mines. This paper follows the ore from the mine through the various processing steps - semi-autogenous grinding, acid leaching , countercurrent decantation, solvent extraction , ammonium diuranate precipitation, washing and drying, and tailings disposal.

Jan 1, 1978

By M. Rudolph, T. Leißner, TU Bergakademie Freiberg, C. Mämpel, R. Möckel, M. Embrechts, T. Leistner

Tin-mining activities have taken place in the region of the German Erzgebirge (Ore Mountains) for over hundreds of years up until 1991. For long times, gravity separation processes used to be the dominating beneficiation approach in those mining districts to recover cassiterite, the main tin-bearing mineral. For fine (< 100 µm) and very fine (< 20 µm) particles these approaches might not represent effective techniques, significant valuable materials could not be recovered and reported to tailings, where it was subsequently disposed. Thus, there are substantial amounts of cassiterite still present in these tailings disposals, most of it as very fine particles with already high degrees of liberation. That fact brings these tailings disposals into focus for potential reprocessing using beneficiation approaches, which are more sensitive to fine and very fine particles. In this paper we present results concerning the laboratory-scale treatment of material from exemplary heaps of the former Altenberg and Ehrenfriedersdorf mining sites using various flotation methods (including conventional froth flotation and oil-assisted flotation). Different size ranges of the material were previously prepared in order to investigate their response to the different techniques. For the study, special emphasis is put on agglomeration flotation, an oil-assisted flotation method. Therefore, an aliphatic oil phase of alkane basis is used to either selectively aggregate or collect the cassiterite particles. Recovery and flotation performance results are presented with respect to different process parameters: various collectors (including sulphosuccinamates and phosphonic acids) and depressants (including sodium fluorosilicate and oxalic acid) regime, oil dosage, agitation time and pulp density during oil/pulp agitation. Furthermore, the oil/particle aggregation behavior is analyzed via particle image analysis and, additionally, collector adsorption characteristics are investigated by contact angle measurements and zeta potential analysis. The data obtained is correlated with the testwork results achieved in order to interpret the flotation response of very fine cassiterite particles.

Jan 1, 2016

By S. G. Enns, E. W. Yarrow

"Situated about 200 km southeast of Juneau, Alaska, within the lower Stikine River region of northwestern British Columbia, the Galore Creek porphyry Cu-Au deposits are hosted by Upper Triassic to Lower Jurassic alkaline volcanic rocks and comagmatic syenite intrusions. Early and late breccias are also locally important host rocks for mineralization. Of the twelve identified Cu-Au deposits, the most important are the Central zone, Southwest zone and the Junction deposits with a combined resource of 284 million tonnes at 0.67 % Cu.The composition of the intrusive rocks is predominantly silica-undersaturated, alkaline, and metaluminous. Four intrusive suites are identified from field, petrographic and petrochemical data. Variation within suites or lineages can be explained by alkali feldspar fractionation. An oscillation between porphyritic and equigranular intrusions is suggested by the sequence of different intrusive lineages. The youngest intrusive phase is silica-saturated.A complex succession of intrusive and hydrothermal events is demonstrated at Galore Creek, with the most intense alteration and mineralization developing early in its history. In the Central zone, early Ca-K-silicate alteration, dominated by garnet, biotite, Kfeldspar, and anhydrite grades outward into K-silicate alteration. Both are locally overprinted by retrograde sericite± anhydrite± carbonate (SAC) alteration. The most intense Ca-K-si/icate alteration, a magmatic-hydrothermal breccia, and an early syenite intrusion are all coincident with copper mineralization in the core region of the Central zone. However, higher grade mineralization in the zone, exceeding 1 % Cu with more than 0.5 g/ t Au, is typically associated with intense biotite-rich, K-silicate alteration primarily hosted by altered volcanic rocks. The highest gold grades, commonly exceeding 1 g/t, are associated with bornite-rich mineralization situated in the northern and southern parts of the Central zone.Mineralization in the Southwest zone occurs as disseminated chalcopyrite within a late, diatreme breccia and adjacent K-feldspar porphyry. In the other satellite deposits, disseminated chalcopyrite and bornite occur in volcanic rocks with alteration that is similar to the Central zone."

Jan 1, 1995

By J. T. Kalala

The High Pressure Grinding Roll (HPGR) is gaining acceptance in the mineral processing industry and has become a competitive technology in reducing the specific energy consumption in Mineral processing plants. The amount of samples required for HPGR amenability testwork and HPGR wear tests is usually high and often cannot be available at early stage of projects were only a few drill cores are available. Although HPGR was initiated from small scale piston die compression tests, the development of small scale piston die test to predict the performance of HPGR has been slow. The objectives of this paper was to present the designs, operating procedure of piston-die press and operating conditions which have resulted in similar particle size distribution obtained from a piston die test and HPGR Labwal unit starting from the same feed size distribution. Testwork were conducted using a 2 MN piston-die press and a Labwal HPGR unit on major South African ore types, viz, gold, platinum and iron ores. The results obtained show that piston-die test can generate data to predict energy consumption, product size distribution, and even to evaluate the edge effect.

Jan 1, 2012

By A. D. Misener

Introduction Temperature gradients have been determined for numerous locations in the Canadian Shield in connection with mining operations (1, 2, 12, 13, 14, 15). As part of a programme of geophysical studies of this region, some of these gradients were re-determined by the writer at locations where other thermal properties, specific heat, thermal conductivity, radioactivity, etc., were also to be measured. The ultimate object was to determine the heat flow to the surface at these locations. It was felt that the practice of determining heat flow from the temperatures and conductivities obtained in a single vertical bore hole (3, 4, 5, 6, 7, 8, 9) might give results which were appreciably divergent from the average for a considerable area. Particularly, it was thought that temperature gradients, whether obtained in a single vertical hole or from a number of random locations at various depths in a mine, might be subject to local variations and anomalies serious enough to render unsure any discussions based on them. The procedure followed in this investigation was to select a location where mine workings extended to considerable depth over a reasonably wide area. At selected depths below surface, horizontal drill holes extending into regions of undisturbed rock were located and resistance thermometers were inserted into these holes far enough to record the true rock temperature. An attempt was made to obtain a sufficient number of readings at or near any one level to give a representative coverage of the area selected. This ideal could not always be attained, but the large number of readings obtained for each are a does give a reasonably representative picture of the temperature conditions. These readings required much rime and movement of men and equipment underground . They could not have been obtained without the wholehearted co-operation of the management and considerable assistance from the personnel of the mines concerned.

Jan 1, 1949

By Jonathan Peck, Carl Hendricks

"Global Positioning Satellite (GPS) based positioning and navigation systems have been recently developed and implemented by AQUILA Mining Systems Ltd. on blast hole drills and electric cable shovels in Canadian open pit coal and iron ore mines. These systems enable the location of the drill bit or the shovel tracks to be accurately determined in three dimensions. The position of the drill or shovel is displayed to the operator via a real-time, Moving Map Display (MMD) on an LCD-VGA screen. The MMD allows the operator to accurately navigate the drill from blast hole to blast hole or maintain a desired shovel grade or face position, with respect to displayed bench features. The maps for the MMD are downloaded from the mine office via laptop or radio link as required or as mining plans change.To obtain reliable, accurate and real-time3D positions of mobile mining equipment, proven GPS technology has to be utilized. The GPS components need to operate reliably under the severe environmental conditions that exist on board mobile mining equipment. In addition, they have to contend with varying pit geometry’s and satellite configurations, with little or no performance degradation. These issues were initially examined in December1993 during a feasibility project between AQUILA and Gregg River Resources Ltd., in relation to implementing GPS systems on blast-hole drills.To achieve certain design objectives, AQUILA Mining Systems Ltd. has developed navigation systems for cable shovels and blast-hole drills based around off-the-shelf, high precision GPS components. These systems utilize the AQUILA Advanced Monitoring Platform (AMP), to display graphically, via the MMD, shovel grade and drill position to the operator to within ±12 inches of design coordinates. Production prototypes have been installed on a Marion 301 cable shovel and a Bucyrus-Erie49-R Series III drill at the Fording River Mine in August, 1995, at the Wabush Mine on a Bucyrus Erie 190-B shovel in June, 1995, and on a GD120 drill at Gregg River Resources Ltd. in January, 1996. All these systems have undergone field trials to test system components and functionality’s under actual production conditions. This paper will discuss these GPS-based positioning and navigation systems in subsequent sections."

Jan 1, 1997

By Paul Guliov

Preliminary investigations of stone resources were conducted in the La Range, Johnson Lake-Pelican Narrows-Deschambault Lake and Creighton-Amisk Lake regions of Saskatchewan. The work identified a rich variety of accessible, attractive and technically promising stone resources. Ordovician dolomites in various combinations of red, buff, yellow, grey and purple are very dense and take a very good polish. These are classified as marbles in the industry and some rival the famous marbles of Verona, Italy. A wide variety of attractive granites have been identified. Among these is a jade green stone (charnockite) and ornamental banded granites (gneisses). A dark greenish to black stone (amphibolite) with white and red veining resembles the well-known Verde Antique variety of Vermont and Italy and surpasses it aesthetically and in engineering properties. Some of these stones have been displayed at Canadian and United States expositions where they received an enthusiastic response from the international stone industry. More detailed evaluation and test quarrying of promising deposits are required. Such work could be rewarding to the industry as some stone varieties in the province have the potential for gaining international markets.

Jan 1, 2001

By A. L. Nunes, J. R. E. Garcia, G. Silva, U. Prasad, C. Rabe

"Drilling through the Guayabal shales, a gray calcareous shale, and the C1 to C100 formations, a well-cemented calcareous-sandstone in Corralillo field, Mexico, is a challenge due to severe wellbore instability problems. Additionally, there has been a history of ineffective reservoir stimulations by hydraulic fracturing. To predict and mitigate these subsurface issues, it is essential to characterize the mechanical properties and rocks strength for a better prediction of borehole stresses and collapse pressure during drilling. Various correlations can be used to estimate and/or determine the unconfined compressive strength but most of them are based on transit time and porosity.In this study, grain size distribution was combined with acoustic travel time, porosity and static Young’s modulus to develop a rock strength prediction model for the turbiditic sandstones of the Chicontepec basin. The main reason this combination of parameters was employed was because of the wide variations in rock strength estimated using traditional porosity-based correlations such as the McNally’s (1987), GMI-Jizba-E’s and Bradford’s (Bradford et al., 1987).To develop a new correlation, a geomechanical and microstructural campaign was initiated. Mineralogy by X-ray diffraction, pore and grain sizes by petrography, clay distribution by SEM and porosity by mercury intrusion porosimetry were measured. Static and dynamic Young’s moduli and Poisson’s ratios were acquired by triaxial and ultrasonic measurements on undisturbed sandstone samples from the Chicontepec basin. More than ten offset wells with wireline data, including transit time, porosity, density, resistivity and gamma ray, were used for reservoir and geomechanical characterizations.Our analyses lead us to propose a new correlation for predicting the uniaxial compressive strength (UCS) of sandstones of the Chicontepec Basin as a function of transit time and grain diameter, both of which can be derived independently from destructive laboratory tests. Our results also highlight the importance and value adding of a combined approach incorporating grain size analysis in the rock strength prediction. The UCS predicted using the transit-time and grain-size-based model presents a median value (P50) of 76 MPa, P10 of 55 MPa and P90 of 89 MPa."

Jan 1, 2015

By Philip W. Johnson, Charles D. Haynes

"Abstract - The coalbed methane industry has become a prominent source of domestic natural gas, with its technology having evolved over the past 30 years. Whereas most coalbed methane wells are able to produce without major interruption over their economic lives, wells operating in an underground mining area are subject to being mined-through. If mine-through occurs, the productivity of the well is at least compromised, and may even be terminated. The economic consequences of mine-through may be relatively simple if mineral ownership and extraction rights are common for the coal and coalbed methane. However, if ownership is not common and a superior coalbed methane lease exists, the coalbed methane ownership must be compensated for lost production caused by mine-through. This paper presents a relatively straightforward method to calculate the value of the lost production caused by the mine-through. It uses technology from mining and petroleum engineering, as well as simple economics and financial management techniques.Sommaire - L’industrie de la production de méthane houiller est aujourd’hui une source importante de gaz naturel domestique dont la technologie a considérablement évolué au cours des trente dernières années. Bien que la plupart des puits de méthane houiller peuvent être mis en production durant l’entièreté de leur vie utile sans interruption majeure, les puits implantés en périphérie de mines souterraines sont sujets à être recoupés par ces dernières. Un tel recoupement peut compromettre, ou même mettre fin à la production d&apos;un tel puits. Les conséquences économiques du recoupement par une mine souterraine peuvent être relativement simples quand les droits miniers et les droits d’extraction sont détenus en commun pour le charbon et le méthane houiller. Si toutefois ces droits ne sont pas détenus en commun et qu’il y a eu octroi d’une concession de méthane houiller de qualité supérieure, les détenteurs du méthane houiller doivent être compensés pour la perte de production résultant du recoupement par une mine souterraine. Cet article présente une méthode relativement simple pour calculer la valeur des pertes de production suite au recoupement par une mine souterraine. Cette méthode fait appel aux technologies de l’industrie minière et pétrolière ainsi qu’à des techniques simples d’économie et de gestion financière."

Jan 1, 2006

By David Davidson

Overview- Points To Be Addressed ? Review the building blocks of a successful and vibrant industrial economy ? China?s current position in the global economy ? China?s voracious appetite for raw materials ? Distortion in import/export trends ? Areas of strategic importance for China - Steel and its components - Agriculture self sufficiency - Energy now and for the future ? Do current valuation techniques fairly value ?strategic? assets? China ? The Economical Miracle - Massive shift in population from rural to urban - ?Middle class? growing rapidly, hence strong consumer growth - China is the manufacturing center for the world ? cheap labour and - modern facilities - Infrastructure build out ?US$585b stimulus package and 5 year plan - Rail ? 30,000 kms of new track planned by 2020 - Power ? 50% capacity increase, including 35 nuclear reactors - 100 major new airports - State of the art process and manufacturing facilities - Port capacity ? 100m TEU capacity increase by 2020 Class 1 national highway ? 35,000 km?s by 2020

May 1, 2010