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By G. M. Behrend

"The mining and processing of mineral ores is a very old industry which is steeped in tradition. Rising demand for metals has recently forced the exploitation of lower-grade orebodies which require extensive beneficiation. The high capital expenditures involved, together with market pressures for high-quality concentrates and pellets, have forced the development of new process technologies which are heavily dependent on automatic process control. Development of suitable instrumentation has been rapid and it is being applied to mining processes today with a high degree of sophistication. The drive for higher efficiency and profitability goes on and has reached a level at which modern digital computers appear to be the only answer. However, the efficient application of a digital process computer is extremely complicated and is therefore approached by the mining industry with considerable hesitation.Some of the benefits promised by the digital computer can be obtained today by other means, which are more manageable and can provide immediate payoff. The result would be a building-block system which would utilize the digital process computer as its final component, to perform true plant optimization, free from routine chores."

Jan 1, 1971

By P. C. Lighthall, D. W. Zandee, W. Shukin

"IntroductionThis chapter deals with the on land disposal and storage of fine tailing in slurry form behind dams. Other types of tailing, such as coarse dry cobbs from magnetic separation of iron ores and other dry materials, have special problems and are not addressed in this paper. The disposal of mine waste is not included, except as such materials may be of value in the construction activities related to tailing disposal.In earlier North American mining, mines were smaller and frequently disposed of their tailing by direct discharge into neighbouring streams or bodies of water. Where that was not practical or not permitted, the solids were collected in tailing ponds and only the effluent liquids were released or decanted. The dams used for these early impoundments were fragile structures and failures were common. With the advent of large, low-grade open pit mines, and increasing awareness of environmental and safety considerations, recently established mines have carefully-designed tailing disposal systems, with wellconstructed dams and attention given to protection of the environment. Older mines are being improved or at least being examined critically with a view to upgrading as necessary to meet the new standards.Modern tailing disposal systems are highly variable and unique to each mine. Tailing pond selection and design is dependent on available topography as also is the design of transport and water reclaim systems. Suitable sites that are at higher elevations than the mills or distant from them may require that the tailings be pumped. Dams, either earth or rock structures built of the most convenient and economic material, are usually a suitable mix of local borrow, mine waste and coarse tailings. The most economic structures are those built mostly of coarse tailing."

Jan 1, 1989

By G. Bartolacci

In a COREM-McGill collaborative research and development project, gas dispersion parameters and froth properties were manipulated in a copper flotation plant to study interactions between the collection and the cleaning zones. In this paper, specific work on developing some relationships between operating conditions and froth stability in several different types of flotation cells is reported. Froth stability, measured by image analysis, was related to the following process conditions for specific flotation machines in an industrial case study: Gas flow rate, collector dosage, pH, frother type and dosage. Across the range examined, froth stability was improved through an increase in gas flow rate and/or frother dosage. Metallurgical results (grade and recovery) showed that both gold and copper were dependent on froth stability. Results indicated that flotation conditions could be optimized by monitoring froth stability.

Jan 1, 2007

By N. J. Bunce, B. Vollick, A. F. Souza, D. Bejan, P. Maharaj, C. Shamshoom

"Copper electrodeposition from synthetic and authentic acid mine drainage (AMD) is inhibited by ferric iron (Fe(III)), through re-oxidation of copper. Polarization to –2.5 V versus standard hydrogen electrode prevents the dissolution of predeposited copper from the cathode. Above pH 1, copper deposition is independent of Fe(III) concentration to approximately 25 g/L. Fe(III) is reduced to ferrous iron (Fe(II)), with a high combined current efficiency for iron and copper reduction. In a divided cell, the conversion of Fe(III) to Fe(II) is almost quantitative, with efficient transfer of acidity from catholyte to anolyte. Prospects for developing electrochemical technology for complete remediation of AMD are discussed.RÉSUMÉ En raison de la réoxydation du cuivre, le fer ferrique (Fe(III)) nuit à l’électrodéposition du cuivre à partir de drainage minier acide (DMA) véritable et synthétique. Une polarisation à -2,5 V par rapport à l’électrode standard d’hydrogène empêche la dissolution du cuivre déjà déposé de la cathode. À un pH supérieur à 1, la déposition du cuivre est indépendante de la concentration en Fe(III) jusqu’à environ 25 g/L. Le fer ferrique est réduit en fer ferreux (Fe(II)) avec une efficacité combinée élevée pour la réduction du fer et du cuivre. Dans une cellule divisée, la conversion de Fe(III) en Fe(II) est près de la quantité théorique, avec un transfert efficient de l’acidité de catholyte à anolyte. Les perspectives de développement d’une technologie électrochimique pour la remédiation complète du DMA sont discutées."

Jan 1, 2016

By Paul-Henri Girard

La Mine Agnico-Eagle division Laronde situé à Cadillac, est un producteur d?or, d?argent, de cuivre et de zinc. Cette propriété est situé dans les cantons Bousquet-Cadillac le long d?une des ceintures géologiques les plus productives au monde. La mine Laronde a débuté la production en octobre 1988 à un rythme de 1360 tonnes par jour. Ensuite, elle a augmenté son rythme de production successivement à 1800 TPJ en 1990, 3300 TPJ en janvier 2000 et 4500 TPJ en octobre 2000. Agnico-Eagle, fondé par feu Paul Penna, a toujours eu comme politique la participation des employés aux décisions de la compagnie pour le déveleppement de celle-ci. Cet écrit va permettre de mieux comprendre la façon dont la division fût développé.

May 1, 2001

By V. F. Hollister

Four conditions are commonly accepted as being needed for the development of native sulphur deposits in sedimentary rocks : (1) ample sulphate-bearing evaporite, normally anhydritic; (2) proximity to petroleum deposits; (3) a hydrodynamic system of communication between these two; (4) a stratigraphic or structural trap to prevent escape of the sulphur and sulphur -bearing reaction products. When any of these requisites are absent, apparently no significant residual bio-epigenetic sulphur deposit will form. These requirements are, however, satisfied in some areas, which include both the Triassic and Devonian evaporites of northeastern British Columbia.

Jan 1, 1977

By N. S. Spence

INTRODUCTION WHILE TITANIUM, the element, has been known for over 150 years, titanium, the metal, is a relative newcomer to the metallurgical and industrial scene. The reasons for this chiefly lie in the refract1Hy nature of titanium compounds; the high melting point of the metal; the great activity of elemental titanium, particularly at temperatures close to .and above the melting point; and the pronounced deleterious influence of certain impurities on its mechanical proper-ties. Early efforts at production of the metal were, consequently, either unsuccessful or resulted in products having sub-metallic properties. With the considerable improvement in equipment, materials, and skills that have developed within the past twenty-five years, later investigators have had a better opportunity to overcome some of the inherent practical obstacles and to come to grips with the essential technical problems. NATURAL ABUNDANCE OF TITANIUM Titanium is one of the most abundant metallic elements. It has been estimated (1) that titanium comp-rises about 0.65 per cent of the earth's crust, and therefore ranks fourth among the structurally useful metals in the order: aluminum, iron, magnesium, titanium. It must be appreciated that the relative abundance of the element is only a crude indication of its potential availability, since a very substantial proportion is present as a minor constituent in practically all igneous rocks. By comparison, present-day ores of titanium are relatively few and are but a minor fraction of the estimated total titanium contained in the earth' s crust.

Jan 1, 1951

By Aaro E. Aho

Yukon, one of the most potentially accessible, relatively undeveloped, regions of Canada, has major mineral possibilities. The Klondike placer gold fields and the Mayo silver-lead ?district are the sole major producers but large base-metal re-serves have been discovered in re-cent years and important asbestos deposits are now being explored. Several major exploration companies are active in this region despite short seasons, permafrost overburden, remoteness, lack of transportation, and resultant high costs. Pro-posed new roads can be expected to accelerate development. At ?present the major future mineral possibilities are considered to be lead-zinc, copper, aslbestos, silver-lead, gold, and mineral fuels. These and other mineral possibilities are outlined for various geological subdivisions of Yukon. Major favourable metallogenic features of Yukon include complexity of rock types and structures, widening of the Cordillera with cross-trends, and variety and quantity of mineralization found even with limited prospecting. Comparisons with southern 'British Columbia and the U.S. Cordillera suggest that further exploration will result in discovery and development of more major ore deposits and reserves which will eventually revolutionize economy of mining in Yukon. Such mineral resources, with interior petroleum and natural gas possibilities, and ?huge coastal hydroelectric power potential, are the foundations of a much larger future mining industry in Yukon.

Jan 1, 1958

By T. R. Yu, D. B. Counter

"In an effort to increase productivity, the use of fly ash as a binder for consolidated backfill was studied. From laboratory and underground tests f or its cementitious properties and environmental effects, it was found that a portion of Portland cement could be replaced by the same amount of type ""C"" fly ash to produce an acceptable consolidated rockfill product for use at Kidd Creek.The environmental concerns in terms of dust control and emanation of radon gas were unfounded from measurements. The dust count was comparable to the use of Portland cement only, or with ground blast furnace slag, and the radiation readings were low, averaging one-seventh the regulation level.Since May 1984, a total of over 100 000tonnes of fly ash has been consumed as a binder blended with Portland cement, producing over four million tonnes of consolidated rockfill. To date, the fill in the stopes has performed very satisfactorily, while yielding considerable cost savings.IntroductionThe Kidd Creek minesite, located 27 km north of the city centre of Timmins, Ontario, produces 4.5 million tonnes of base metal sulphide ore annually. The mining method for both No. I and No .2 mines is mainly sub-level blasthole stoping with delayed backfilling.No. 1 mine was developed with a shaft to a depth of 930 m in 1973 to recover the ore between the floor of the open pit at the 216 m horizon, and the 792 m horizon. Stopes are normally 18 m wide, 22 m to 65 m long, with heights varying from 90 m to 135 m. Vertical rib pillars between stopes are typically 24 m wide and sill pillars are 30 m thick.Pillar recovery is implemented after the consolidated rockfill placed in the mined stopes has cured for a period of at least three months. This allows a maximum recovery of the ore with a minimum of dilution, while also maintaining safe working conditions.No. 2 mine was developed from a second shaft, sunk to a depth of 1530 m in 1978, for the recovery of ore beneath the No. I mine. Sub-level stoping in No .2 mine is similar to No.1 mine in methodology, yet differs in sequencing, as no rib pillars are left."

Jan 1, 1988

By C. R. Kato, G. Proulx

"Within the continuous scenario of reduced aluminium price and plants production costs increase, the energy consumption optimization in the aluminum electrolytic pots continues as the main focus for the producers. Energy consumption was chosen as a key performance indicator to drive the efforts and actions for improvements. Alcoa improved the energy consumption by approximately 3% from 2005 to 2015. This improvement was a result of best practices implementation, new technologies introduction, strategic actions with plant curtailments and management practices. The main objective of this paper is to highlight the importance of the management practices for planning and operational improvements beyond the technology changes. About 10 years ago, Alcoa reorganized its approach to retain knowledge in the Smelters by using a Best Practices format. For each specific subject, a skilled team defined the minimum requirements and the Best Practices for several aspects of operation and maintenance, which affect the environment, safety, cost, customers and performance. These Best Practices were deployed to all Smelters combined with training sessions to process and operation professionals. We will describe how the Best Practices were organized, the deployment strategy used, and the approach to measure the plants’ success. We will describe the management approach that includes Manufacturing Analyses focused on 3-year potential, annual planning, and weekly monitoring of plant stability. A manufacturing analysis is organized at select plants with cross-functional participation of specialists from technical, operational, procurement and finance. The output of a manufacturing analysis includes a roadmap of enablers to improve energy efficiency. A quarterly follow-up of enabler deployment is held with the plant and resources that participated in the analysis. Annually, there is a Planning Process where energy consumption enablers are selected to be implemented during the next 3 years for each plant. A monthly critical analysis is made by the plants with regional best practice support. On a weekly basis, key performance indicators are reviewed with determination of a stability index for each plant. Any deviation signal of unstable condition is alerted and supporting resources are diverted to the plant to reverse trend with countermeasures.INTRODUCTIONDue to factors like excess aluminum in the market and lower consumption in China, the LME price is declining along the last years, as showed in Figure 1. In 2011, the price peaked at US$ 2,400/ton and since then, continues to trend down and approaching the lowest level at US$ 1,500/ton in the last 5 years."

Jan 1, 2016

By C. A. Young, H-H. Huang, L. G. Twidwell

Solid particles, especially oxides/hydroxides, develop an electrical charge on their surface when submerged in aqueous solution. Parks was able to relate PZC (point of zero charge) of an oxide to its minimum solubility and isoelectric point. Dzombak has compiled an extensive database for adsorption reactions on ferrihydrite surfaces using the double layer theory. The equilibrium calculational program, STABCAL has been used to extend the considerations of Parks and Stumm. The PZC for many hydroxides, complex oxides, and non-oxides have been investigated and the results are reported in the literature. Removal of arsenic and metals by adsorption on ferrihydrite as the substrate has been computed using ST ABCAL and the computational results are compared to experimental data. Absorbents other than ferrihydrite such as aluminum hydroxide are also discussed.

Jan 1, 2005

By L. Gasser, N. Bellinger, H. Awatta, A. Merati

As aircraft age, the extent of interactions between fatigue and other damage mechanisms, such as corrosion and fretting, increases. At present, however, there is no generally accepted methodology within the Aircraft Structural Integrity Program (ASIP) framework to account for the effects of these interactions on life and the residual strength of aging aircraft components. A comprehensive program is being carried out by the National Research Council Canada in collaboration with Analytical Processes/Engineered Solutions, using the Holistic Structural Integrity Process (HOLSIP) to address time and cyclic load issues. This approach predicts the evolution of a discontinuity state in a material from production to retirement. This paper summarizes the results of a study on the 2024-T3 aluminium alloy in different forms (clad and unclad), thickness, and specimen geometry. This study consisted of identifying the microstructural features associated with crack nucleation sites and relating them to the testing parameters and fatigue life. Several coupons were fabricated and fatigue-tested. The fracture surfaces were carefully examined, and the physical characteristics of the microstructural features found near the crack nucleation sites were analyzed. Effect of stress level, loading direction, coupon geometry and surface condition on the number of crack nucleation sites, and fracture origin size has been discussed. Four distinctive mechanisms were found to be responsible for crack nucleation: for unclad materials constituent particles, oxide residue, surface irregularities and for clad samples the clad layer was the sole fracture origin.

Jan 1, 2006

By P. Latostenmaa, O. Forsén, M. Lundström, J. Aromaa

The history of electrolytic copper production in Finland is closely connected with the industrialization of Finland and events of the Second World War. Production of cathode copper by electrowinning from the processing of Outokumpu ore started in 1913 based on the Hybinette nickel process, however due to the poor performance of this process, the plant was closed in 1929. Outokumpu commenced copper smelting at Imatra in eastern Finland in 1936 producing blister copper for refining outside the country. Due to the threating military situation, a new electrolytic copper refinery was built in 1941 at Pori in western Finland to refine the anodes. This was the first electrolytic copper refinery in Finland. It was built with 108 cells having a capacity of 12,000 tonnes/y. In addition, the smelter was relocated to nearby Harjavalta in 1944–1945. To fulfill the war reparations included in the peace treaty with the Soviet Union, a doubling of the smelter capacity was realised, with the Pori refinery capacity increasing to 20,000 tonnes/y in 1946 by adding additional cells. The cornerstone of Finnish metallurgical technology — Outokumpu flash smelting — was invented with the new technology commissioned at Harjavalta in 1949 replacing the electric furnace and providing a further increase in copper output with subsequent enlargement of the refinery. By 1963, the plant consisted of 380 cells with a capacity of 48,000 tonnes/y of cathode copper. The Pori electrolytic copper refinery has operated continuously since 1941. Commencing in 2004 the Pori refinery has been part of the Boliden group of Sweden. The most recent plant upgrade was in 2007 with the installation of permanent cathode technology. In 2017, the production of the Pori refinery was 133,000 tonnes of copper cathode, 2,300 tonnes of nickel sulphate, along with 66 tonnes of silver and 4.6 tonnes of gold. This paper describes these outstanding achievements. INTRODUCTION In 1809 the Kingdom of Sweden was defeated by the Russian Empire in the Finnish War, and Finland was annexed by the Russian Empire as the autonomous Grand Duchy of Finland. Finland’s commercial and industrial interests were developed to serve the Empire’s needs. Finland had raw materials, but at the start of the 20th century Finnish industry was based on the use of wood as raw material and agricultural products. The mining industry was only a few percent of the country’s industrial production.

Jan 1, 2019

By S. Radacina Rusu

The satellite-based global positioning system (GPS) has significantly changed the way site operations are carried out in surface mining. The GPS has impacted safety, productivity, fleet efficiency, and maintenance practices. However, no comparable global localization system exists for underground mines. This paper discusses recent work in the application of ideas from the mobile robotics research community to the problem of real-time vehicle positioning in underground drift networks. Related previous work recently focused on the creation of globally consistent 2D maps of underground environments that possess sufficient detail to be used for underground localization. Our current work entails the development of a GPS-like system for mobile mining equipment, with results given from both laboratory and field experiments.

May 1, 2011

By Michel Carreau

Presentation topic Introduction to Renewable Power in Remote Mining Industry Trend What are the Challenges and How to address them Acceptability (Management Buy-in) ? RP not core business to mining company Significant upfront costs Project Risks - Technological and Delivery Wind and solar power variability Operating hybrid power (Operator Buy-in) Conclusion Introduction ? RP at Remote Mining Sites Mining Project Cost Energy represents 25% of mining project CAPEX Energy represents 25% of OPEX Diesel, HFO, ? cost : 30+ cents/kWh RP - Proven technology - Excellent track record ?Wind (20 years), Solar PV (10+ years)? Hundreds of GW installed ?Reliable, High availability, very small OPEX. ?Wind/Solar cost : 15 to 22 cents/kWh (with good resource) ?Potential 10% to 20% Reduction in net cost of energy ?Price certainty for 20 to 25 years

May 1, 2013

By S. A. G. Poppen, J. Konopka

"Petro-Canada's project investigative and experimental underground work in the Galt coal seam at Kipp, Alberta included the construction of an emergency egress and ventilation raise from surface.The Galt coal seam is 206 m below the surface and covered by 8 m of shale, sandstone and clay beds of the Oldman Formation, 128 m of shale, bentonite beds and sandstone of the Bearpaw Formation, and 70 m of glacial till and basal gravel. Free water was encountered from sand lenses in the glacial till and the basal gravel.Excavation for the ventilation raise was a nominal 2 m diameter and it was lined with a welded, continuous, steel liner of 1.2 m 1.D.Excavation in the glacial till was carried out with a surface bucket drill rig combined with hand mining. Ground support in the glacial till consisted of liner plates and backfill grout. The Bearpaw and Oldman formations were excavated by employing standard raise boring techniques. The individual liner sections of the continuous steel liner were assembled on surface and the entire liner column was lowered into the raise by employing hydraulic lift climbers. The liner column was back-filled with concrete.IntroductionThe Lethbridge Coal Field comprises an area of approximately 1 165 square km in the vicinity of Lethbridge in southern Alberta. Pacific Petroleums Ltd. proposed in a Preliminary Disclosure in January 1979 ""to open an experimental mine prior to development of a producing underground mine with an initial rate of 540,000 tonnes per year"". A 2 900-hectare group of leases in the Kipp-Coalhurst area was selected as the primary target for the Kipp experimental mine. The scope of work for the experimental mine included the construction of an access shaft with production capabilities, the construction of a ventilation and emergency exit raise, drive-ages in coal to yield a bulk sample, gathering of geotechnical information and the testing of experimental mining methods."

Jan 1, 1983

By G. Ozbayoglu, Z. Ozdemir

Turkey is the main boron minerals producing country in the world. The most important boron minerals are tincal, colemanite and ulexite. All mining, beneficiation and handling operations generate fines which cause ecological and economical problems. Utilization of this accumulated material requires both upgrading and agglomeration. The aim of this research was to exploit the ulexite fines by improving their grade and size. Attrition-scrubbing followed by washing and screening was employed for upgrading the fines. It was found that the grade can be increased from 23-25% B2O3 to 29% B2O3 with 73% recovery. Briquetting was applied as the size enlargement process. During the briquetting, the effect of moisture content, pressure, amount and type of binder, and drying on the quality of briquettes were investigated. The tests showed the possibility of production of strong briquettes by adding water alone, but the briquettes had no resistance to abrasion and water. Binders, namely boric acid and borax have been added to improve the properties of briquettes. The results showed that the compressive strengths and abrasive resistances of briquettes obtained with both binders were acceptable. However, the briquettes have no water resistance properties.

Jan 1, 2004

By Omero Alonso-Gonzalez, Sergio Haro-Rodriguez, Ricardo Solis-Rodriguez, Francisco Alvarado-Hernandez, Juan Antonio Gonzalez-Anaya, Héctor Rene Vega-Carrillo

"Precious metals are currently associated with refractory minerals such as telluride (Calaverite, Sylvanite, etc.) and selenium (Naumannite Ag2Se), which are difficult to dissolve through traditional methods, therefore it is necessary to perform a pretreatment (oxidative or roasting) preceding the process of leaching by cyanidation. In this preliminary work the aim was to study the use of solvent extraction to remove tellurium and selenium ions from a synthetic cyanidation effluent, with the purpose of recycling the cyanide back to the process. For the extraction of these anions, TeO32- and SeO42-, tallow trimethyl ammonium chloride (Quatarmina TPR) and hexadecyl trimethyl ammonium chloride (Amine F) were studied as extractants, using nonylphenol as a modifier in the organic phase (trimethylpentane). The results show that it is possible to recover 82% of selenium and 10% of tellurium from synthetic solutions containing either 20 mg/L Se or 20 mg/L of Te, respectively The Se or Te mole ratio to cyanide was 1:4.INTRODUCTION In relation to extraction of precious metals, the cyanidation process has been in use for over a century and despite environmental and toxicological problems it remains the most widely used and economical process available. In the late 90s, there were great efforts to recover gold and silver from refractory ores, which is difficult to do by simple cyanidation. To improve gold recovery from tellurides and selenides that occurs in some new mines, the ores are pretreated by roasting. This is one of the most effective ways of rendering refractory gold ores leachable as well as being a fast pretreatment process compared with bio-oxidation or pressure leaching (Aylmore, 2001). The most important tellurides minerals are Calaverite (AuTe2) and, Silvanite (Au, Ag)2Te4). In the case of selenides, minerals include Naumannite (Ag2Se) and Aguilarite (Ag4SeS) (Ostroumov et al., 1989). Examples of deposits containing telluride include La Bambolla Mine (Sonora, Mexico), Cripple Greek (Colorado, USA), and Kalgoorlie (Western Australia) (Aguayo et al., 1996). The main purpose of this work was to explore the feasibility of using quaternary ammonium salts such as: tallow trimethyl ammonium chloride (Quatarmina TPR) and hexadecyl trimethyl ammonium chloride (amine F) to extract tellurium and selenium anions from aqueous synthetic cyanidation effluents, so that the cyanide solution could be recycled back to leaching process. The tests were performed on synthetic solutions similar to those found in a mine: 20 mg/L Te as TeO32-, 20 mg/L Se as SeO42- and mole ratio to cyanide was 1:4. using an alkaline medium with pH ranging from 8 to 12. Two aspects are evaluated in this paper:"

Jan 1, 2017

By Larry J. Hulbert, Louis J. Cabri, John L. Campbell, Gilles Laflamme, Chris G. Ryan, Soey H. Sie, Rolando Lastra

"Abstract- The mineralogy of samples from the Wellgreen Cu-Ni-Pt-Pd deposit, Yukon Territory, is complex and the metals of interest are contained within fme-grained minerais which vary in size and mineral associations from sample to sample.The major Ni carriers are pentlandite and violarite; the major Cu carrier is chalcopyrite. About 700Jo of the major Ni carriers and 78% of the major Cu qmier will be liberated at a grind of 80% -'}f,.7 J.Uil (-500 mesh) for typical low-grade gabbro (West zone, sample No. 1). For typical ""clinopyroxenite"" (West zone, sample No. 2) and typical ""clinopyroxene-rich peridotite"" (East zone, sample No. 3) the liberation would be 71""lo and 65% for Ni, 74% and 60% for Cu, respectively. Fine grinding, however, cannot liberate the Ni contained in silicates and pyrrhotite, estimated to total24.5% for typicallow-grade gabbro (West zone, sample No. 1), 15% for typical ""clinopyroxenite"" (West zone, sample No. 2), and 12% for typical ""clinopyroxene-rich peridotite"" (East zone, sample No. 3).The principal Pt carrier (sperrylite) varies considerably in grain-size between samples and fme grinding, required to liberate the major Ni and Cu carriers, may be counterproductive in samples where sperrylite is relatively coarse-grained, as sorne would then be unrecovered (e.g. sample No. 1). In addition, sperrylite in samples No. 2 and No. 3 is closely associated with magnetite.Palladium occurs in diverse ways. It occurs in the form of several Pd minerais (e.g. sudburyite, testibiopalladite, merenskyite), as a replacement for Ni in several tellurides, antimonides and tel­ lurantimonides (e.g. melonite), or as very low concentrations in pentlandite (up to 34 ppm), chal­ copyrite (up to 9 ppm), and pyrrhotite (up to 5.6 ppm). Palladium minerais and Pd-bearing minerals are strongly associated with chalcopyrite in sample No. 1 and will thus report to a Cu concentrate. However, 22% of the total Pd is in solid solution in pentlandite in this sample and will thus report to the Ni concentrate. In samples No. 2 and No. 3, less Pd occurs in solid solution in pentlandite, and the PGM are distributed mainly among pentlandite, chalcopyrite, and magnetite in sample No. 2, and among pentlandite, pyrrhotite, chalcopyrite, and magnetite in sample No. 3. Therefore, the feasibility of magnetic concentration should be investigated for samples like No. 2 and No. 3, in order to improve Pt and Pd recoveries.Rhodium was found to occur as rare hollingworthite, in sparse cobaltite (up to 2.7%) and, as low concentrations in chalcopyrite (to 10 ppm) and pentlandite (to 12 ppm) by proton microprobe. Iridium occurs in hollingworthite (up to 7.8%) and very rarely as the native metal or in an undefmed Re-Ir-Os-Ru alloy. Ruthenium was determined by proton microprobe analyses to occur in pentlandite (up to 13 ppm) and chalcopyrite (up to 10 ppm), in addition to rare laurite and Re alloy."

Jan 1, 1993

By Michael Samis

Conventional project valuation techniques, such as discounted cash flow (DCF) method, are more frequently being criticised for the manner in which they consider the interacting effects of uncertainty and project structure (including management flexibility) on project value. Modern asset pricing (MAP; often called ?real options valuation? when applied to the analysis of flexibility) is a more general valuation framework that corrects many of the shortcomings of common valuation methods. Previous mining applications of MAP have tended to treat the ore deposit as a homogenous entity. While useful for demonstration purposes, this is inadequate for practical application in industry. This paper presents a MAP valuation example that allows for the heterogeneous nature of an ore deposit. It shows that deposit structure may increase the complexity of the mine planner?s decision so that results of a standard DCF analysis, or a simple MAP analysis that ignores the details of deposit structure, are misleading. In the example, a management is considering the development of an adjacent low-grade zone while mining operations in a high-grade zone are ongoing. If the low-grade zone is developed before high-grade reserves are exhausted, the proposed development will include both low-grade zone development and a capacity expansion to handle additional low-grade reserve production. If development of these reserves is delayed until the high-grade reserves are depleted, then the low-grade reserves can be developed without a capacity expansion. A typical DCF analysis would reduce the management?s decision problem to three alternatives: 1) continue mining only in the highgrade reserves, 2) immediately develop the low-grade reserves and expand capacity, and 3) delay low-grade zone development until the high-grade reserves are exhausted. The model presented here allows the management to reconsider the development and capacity expansion decision on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably. The model presented here extends the ability of mine planners to describe actual project structure while using the MAP valuation framework that is already noted for its capacity to combine project uncertainty and risk insights with a dynamic project description.

May 1, 2001