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By T. Patching

"MINING operations at the Star Key Mine provided an example of a small-scale prairie-type coal mine that employed several interesting procedures and achieved good productivity with low capital expenditures. The mine was located about 11 miles north of the city of Edmonton, on the north side of the Sturgeon River valley. It opened in 1945 and operated until 1979. Output in the winters reached about 500 tons a day in the late 1940s, but in the spring and summer periods activity was usually limited to only servicing and development work. In the later years of the mine's life sales fell to less than 100 tons per day. Most of its output was bought for domestic use in furnaces and stoves so production of large sizes was desired. A modest market for stoker coal did exist for a time. Screenings (-5 / 8 in.) were sold to the city's power plant until it converted to natural gas and were also used for thawing frozen ground for work on pipelines. These markets were comparatively small and the small sizes did not command as high a price as did the larger sizes. However the extension of natural gas services to rural markets cut into the domestic heating market and finally led to closure of the mine. The coal was strong when freshly mined, but because of its high inherent moisture content, about 25%, it did not store well on surface but tended to disintegrate. It was of subbituminous Crank with a heating value of about 8000 Btu per pound and burned with a clean flame. The seam mined was in the Edmonton Formation, of Upper Cretaceous age, at a depth of 60 to 80 ft below the surface. The seam in the mine area was about 11 feet in thickness but thinned gradually to the north and south and split to the west (1). It was approximately horizontal but gentle rolls in the floor of several feet in height necessitated brushing in places to produce suitable haulage grades. The floor material was of bone and clay, overlying a thin layer of coal. Above the seam there were only a few feet of mudstones and weak sandy shales while the remainder of the overburden was clay and unconsolidated glacial till and surface soil. Because of the soft floor and weak roof material the miners usually left about a foot of coal in the floor to provide a firm working surface and about a foot of coal above the rooms and two feet of coal above the entries to provide a competent roof."

Jan 1, 1985

By A. Mcdonald

"An X-Met Analyzer was purchased from Outokumpu in late 1983for use in the Hudson Bay Mining and Smelting smelter. Its first use was in the fuming plant to give zinc assays of each charge of slag tapped from the fuming furnaces. This quickly told the operators exactly when each charge had reached its economic tap-out point, and gave supervision a fool-proof method of identifying good operation. These and other factors led to major improvements in coal utilization in the fumers and to major increases in zinc oxide production. A second unit was later purchased for the reverberatory furnace to give silica and iron assays of the slag, and these were used to make adjustments in the feed composition to maintain the desired SiO2:Fe ratio in the slag. Since purchasing the units for the furnace, the oil consumption and copper content of the slag have dropped significantly. IntroductionSmelters have lagged far behind concentrators in process control by mean s of rapid product analysis. The on-stream X-ray analyzer was developed about seventeen years ago, and soon concentrators around the world were getting assays of the incoming ore, .concentrates and tailings every fifteen minutes, and using these to control reagent additions and other process variables. Almost always, the concentrate grade and recovery improved.In smelters, product streams are solids or molten materials, not the more easily handled slurries, and until seven years ago no inexpensive equipment was available to provide rapid analysis of this type of material. In approximately 1980, several companies developed instruments based on irradiating solid samples with low-intensity gamma rays from radio-isotope sources, and measuring the secondary X-rays emitted from different elements in the sample to provide an analysis of the elements desired.The smelter staff had a close look at what was needed and listed the following points as being critical:1. ability to provide Zn assays of a sample of slag within 15 minutes of taking it, in order to achieve optimum fuming times (zinc fuming , being a batch process, had the greatest potential benefit from rapid slag analysis);2. ability to give Cu and Fe assays on the slag, and on other smelter products, such as matte and converter slag;3. ability to give Si02 assays since the SiO2 content of the slag has a strong effect on fuming rate; and4. ability to stand up to an industrial atmosphere such as exists in the fuming plant."

Jan 1, 1987

By D. A. Barr

"Most of the lode and placer gold production in the Canadian Cordillera has been derived from mines and placers in the Intermontane and Omineca belts. Gold has been produced from rocks of Precambrian to Eocene age, but the preferred host environment contains Upper Paleozoic to Upper Jurassic eugeosynclinal or arc-type sedimentary and volcanic rocks adjacent to plutonic complexes which have a wide variety in both size and composition. Auriferous quartz lodes occur in fissures and shear zones which are commonly subsidiary to strong fault zones. In common with most vein-type deposits, structural complexities are an essential part of the mine environment.Gold production from the Canadian Cordillera to the end of 1978 totals 35.0 million ounces, of which 47 per cent has been produced from placer mining, principally in the Klondike and Cariboo districts. The balance has been derived from lode gold (80 per cent) and base metal (20 per cent) mines.Gold reserves in producing mines and deposits committed for production as of January 1, 1978 were 87.4 tons, or 21.6 per cent of total Canadian gold reserves contained in all types of deposits. Although more than 100 lode mines have operated in the Canadian Cordillera since the turn of the last century, over 75 per cent of the lode gold produced by 1978 was recovered from five mining camps, namely the Rossland, Hedley, Bridge River, Premier and Barkerville.The average grade of the principal producers in these camps was about 0.45 ounce of gold per ton. Individual camps yielded from 3 to 8 million tons during their operating lives, which varied from 28 to 43 years. The last of these mines ceased operating in 1971.Most of the total lode gold production has been derived from quartz veins, frequently with associated carbonate and ankerite, occupying fractured and faulted zones in Mesozoic volcanic and sedimentary rocks closely associated with a variety of intrusions. A review of the literature suggests that several deposits may have evolved by remobilization of ore constituents from earlier concordant gold-bearing formations. The principal metallic minerals in the deposits are native gold, electrum, tellurides, pyrite, arsenopyrite, pyrrhotite, sphalerite, galena and chalcopyrite.As the mineralogy suggests, many of the Cordilleran lode gold deposits have yielded important co-products or byproducts, including silver, copper, lead, zinc, cadmium and tungsten. Significant by-product gold production has also been derived from porphyry copper, volcanogenic, replacement and pyrometasomatic deposits, particularly in recent years.No major lode gold discovery has been made in the past 67 years, although little exploration activity for gold has taken place during the last 30 years. Several relatively small lode gold and gold replacement deposits have been discovered in recent years, either serendipitously (Chappelle) or on very low initial budgets (Northair and Carolin). Based on well-established precedents, one or more of these may eventually be developed into a large mine.A detailed study of the Canadian Cordillera gold deposits based on recent genetic models could prove rewarding, not only in up-dating information on their origin and depositional characteristics, but in stimulating the search for undiscovered gold deposits, in the Cordillera and other parts of Canada."

Jan 1, 1980

By Mohammed Rachek

Résumé : la mine d?Elhammam, opération du groupe minier Marocain Managem, est située au sud de la ville de Meknes à 63 km, elle exploite un gisement de fluorine depuis 1974. La minéralisation se présente sous forme de deux filons principaux orientés N45° avec un pendage variant de 65 à 90° NW, entre ces deux filons on note la présence d?une succession de filons satellites sécants. La méthode d?exploitation pratiquée depuis le démarrage de la mine est celle des chambres magasins, elle assure une cadence d?extraction annuelle de 250000 tonnes. Cette méthode favorisée par une très bonne compétence mécanique des épontes de la minéralisation a offert à l?exploitation une rentabilité très satisfaisante grâce à son faible coût mine. Les travaux de recherche géologique menés en parallèle à l?exploitation ont permis la découverte d?un nouveau secteur ?K-Est Gouaïda? (KEG) qui fait l?extension nord-est du gisement principal, la minéralisation de ce secteur se présente sous forme de deux filons très étendus latéralement (900 m d?extension) et présentant une puissance minéralisée irrégulière et très faible 1.2 m en moyenne, les épontes de la minéralisation sont constituées de schistes de qualité mécanique très faible. Vers la fin des années 1990, l?exploitation s?est orientée vers le développement minier du secteur KEG. Ce développement consiste à faire le choix adéquat de la méthode et de l?infrastructure minière pour l?exploitation de ce nouveau secteur, KEG. La méthode des chambres magasins, pratiquée dans le gisement principal avec un faible coût mine, n?est pas praticable dans le nouveau secteur à cause de la qualité de ses terrains, l?irrégularité de la morphologie de sa minéralisation et de la faible puissance des ses filons. Seule la méthode des tranches montantes remblayées (TMR) peut être applicable techniquement vu les spécifications suscitées de la nouvelle minéralisation, la TMR doit être appliquée sous sa variante mécanisée pour faire face au niveau exigé de la production. Après le pilotage de l?exploitation par TMR mécanisée dans le secteur KEG, il a été confirmé que cette méthode donne une grande satisfaction en matière de stabilité des terrains, sécurité, sélectivité, productivité et récupération du gisement, néanmoins elle reste pénalisée par un coût mine trop élevé pour garder le niveau de rentabilité recherché par l?exploitation d?un produit de faible valeur marchande telle que la fluorine. Dans l?objectif de rentabiliser l?exploitation du secteur KEG qui représente en réserves l?équivalent d?une durée de vie de 4 à 5 ans et d?assurer la pérennité de l?activité, l?exploitation en collaboration avec Reminex, la filiale d?ingénierie de Managem, a adapté une nouvelle variante de la TMR mécanisée dite TMR avec plan incliné sur remblai. Cette nouvelle variante de la TMR consiste à réduire au maximum les travaux dans le stérile en reconstituant un plan incliné sur le remblai à l?intérieur des filons pour faire évoluer en vertical l?exploitation des tranches en montant vers la tête d?un panneau de minerai. La variante des tranches montantes remblayées mécanisées avec plan incliné sur remblai a été imaginée et appliquer en 1978 dans la mine de fluorine de Burc située au Sud-Ouest de la France (Sicard et Mailloux, 1983). Imaginée pour une cadence annuelle de 30000 tonnes et une mécanisation très modérée cette variante a été adaptée par l?exploitation de la mine d?Elhammam en 2002 pour un haut degré de mécanisation et une cadence d?extraction annuelle de 250000 tonnes de minerai. Cette variante de la TMR est appliquée depuis le début de 2003 dans les chantiers du secteur KEG, elle présente les mêmes avantages techniques que la TMR mécanisée classique et elle a permis la réduction du volume des travaux d?infrastructure de 17.65 m à 6.25 m de travaux par 1000 tonnes de minerai. Ceci s?est traduit par une baisse du coût technique de la mine de 34% ce qui a donné un nouveau souffle à la mine pour assurer sa production et pour poursuivre la recherche géologique d?éventuelles zones à mettre en valeur.

Oct 1, 2004

By H. T. John

"The objective of this paper is to demonstrate how the optimum cut -off grade can be calculated for typical large tonnage openpit mines. In the examples, it is assumed that the concentrator tonnage is fixed and that there are no market restrictions. The mining rate is assumed to be variable. This is usually the situation at an operating property.ModellingA model of the ore body is required to examine alternate cutoff grade strategies. The model must be accurate in its relationship between grade and tonnage. Table I shows a typical relationship between ore tons and grade for various cut-off grades. The average strip ratio is also shown. For higher cutoff grades, the ore tonnage is decreased and the ore grade is increased. Strip ratio increases with the cut-off grade.Using the relationship between ton s and grade, and assuming a homogenous, long life orebody, a simple calculation of the optimum cut-o ff grade can be made. The objective is to maximize the present value of cash flows. For the long life homogenous orebody example this objective is satisfied by maximizing present cash flows.Cash flow is calculated by subtracting operating cost from revenue . Operating cost will increase with the cut -off grade as the strip ratio increases."

Jan 1, 1985

By W. Almdal

"To compete in the ever expanding global market, companies must continuously improve. Benchmarking, a tool that can help determine where the best areas for improvement are, is more than comparing measures, it is comparing how business is carried out and how decisions are made. The key to success is in integrating benchmarking results into the organization, so that those most affected by the results own them and are empowered to use them as a positive change agent. This is a necessary step to achieving substantive change to practices and achieving optimum performance improvement. IntroductionBenchmarking is a powerful tool that can assist in the continuous goal of improvement. Benchmarking is more than comparing productivity rates or unit costs, it is seeking out best practices and assimilating them into a business to provide a positive change agent.Benchmarking is a continuous process - is time consuming, labour intensive, and requires a lot of discipline. There are no easy answers and no easy solutions, just a lot of work. The results, however, are nothing short of spectacular. More and more companies are adopting benchmarking practices because it is a key tool of the learning organization and will become part of the way business is done, part of the way it is managed. Business must change to stay ahead or to get ahead and benchmarking can accelerate the process of business change. Improvements in an organization can happen faster and more effectively with a benchmarking approach."

Jan 1, 1994

By A. G. Roach

IT IS generally stated that the gold ores of Nova Scotia are free-milling, and for the most part this is true. However, there is a certain proportion of the gold finely disseminated throughout the sulphides, notably arsenopyrite, and this gold is definitely not recoverable as 'free-milling' gold by amalgamation. The proportion of free-milling gold to total gold seems to vary widely in different localities in the Province and is lowest in deposits of the fissure-vein type. The problem of recovery of these relatively recalcitrant values is usually one of economics, in some plac.es a simple gravity concentrate being of such low tenor that its extraction and subsequent disposal will not bear the costs involved. In other cases, such a high percentage of values escapes from the mortars and plates that concentration is definitely indicated. The size of the mining operation is also an important factor. In the large majority of cases, however, some concentrating step is warranted, even if the resulting concentrate is stock-piled until sufficient has accumulated to justify further treatment.

Jan 1, 1940

By F. R. Deluca

"ClassificationClassification is a combination of mechanical and hydraulic operation which separates a pulp into two portions according to their respective settling rate. The finished product, the overflow, is removed from the other product, sand, which requires further grinding.Pulp is the uniform suspension of solids in a liquid. Overflow is the fines and therefore the more slowly settling portion of the pulp which is carried over the top of the classifier by the flow of water; sand is the coarser and more rapidly settling portion of the original pulp which is discharged from the classifier by the mechanical action of the rakes or conveyed out by a ""screw"" .Selective classification is classification that has for its object the concentration of the heavy constituents of the original pulp in the sand product so that it may be ground finer than the lighter constituent.Classification is used as follows:I. To make a size separation, for example, a sand-fines separation so that each product may be given a different treatment.2. For closed circuit grinding so that the maximum size of particles entering the circuit is limited, and so that the useful work is increased by enabling the mill to operate mainly on the particles that require the reduction.3. For differential grinding of the heavy mineral constituent and the gangue. In this case, the heavy mineral is concentrated in the sand product and is reduced further, while the lighter gangue material overflows the classifier.The selection of the proper size and type of classifier is determined by the function required, the character of the ore, and the tonnage to be handled, the initial cost and the operating cost."

Jan 1, 1989

By E. L. Martheleur

A general expression for the electric power generated or consumed in a direct-current circuit is obtained by multiplying the reading of a suitable voltmeter connected across the terminals by the reading of an ammeter connected in the circuit. by the reading of an ammeter connected in the circuit. When alternating currents are considered, the product of the volts and amperes as obtained for direct currents does not generally represent the true energy involved; it is greater than this true energy and should be multiplied by a certain factor which may have any value between zero and unity, according to the conditions of the circuit. This factor is called the power-factor of the system, and expresses the ratio of the true energy over the apparent energy. For a three-phase system the expression of the apparent energy is [\/ 3 x E x I; ] while the expression of the true energy, that is, energy suitable for mechanical work, is [v? 3 x E x I x cos A.] The total current of a circuit corresponds to the reading of an ammeter connected in the circuit; it is the resultant of two currents. The first of these is in phase with the voltage, and is that portion which really produces mechanical work; the second is always in quadrature with the voltage, that is it may lead or lag the voltage by 90° according to the condition of the circuit. This second current does not produce any sensible work, and for this reason is sometimes called wattless current or reactive current.

Jan 1, 1924

By Wei Wei

Mining induced ground movement and/or stress redistribution could cause ground instability issues. This is particularly true when the extraction of large stopes is done with one or two large production blasts. Often enough, it is the nearby mine development like haulage drifts and cross cuts that are influenced the most by production blasts. Proper and timely mitigation of ground control issues due to stress redistribution is required. This is usually done by drift rehabilitation involving the installation of secondary support system in the affected areas of the mine development which include; slashing, wire mesh, and in some cases the use of shotcrete liners. It is imperative that such rehabilitation be implemented to the mine infrastructure in a timely manner in order to avoid aggravated ground control problems and production delays. If the real time performance of the support system is captured, it would be possible to determine the timing for rehabilitation job. Birchtree Mine in Thompson, at the Vale Manitoba Operation, has begun mining the 84 Deep Orebody. One of the identified risks is the stability of the crusher room under mining induced stress redistribution. It is proposed to use the U-Cell technology to monitor the primary support system performance (rebar bolts and extension bolts) and monitor the real time performances of the bolt axial loads. The U-Cell technology is a 7-inch long, coupler load cell that is screwed onto the threaded portion of a rock bolt prior to installation. Rehabilitation in the vicinity of the crusher area where U-Cells are installed is recommended when the bolts have reached 70% of their yielding capacity. Catastrophic ground failure can be avoided by adding secondary support in a timely fashion. This paper presents a case study at Birchtree Mine in Thompson Manitoba, where the performance of primary ground support system is monitored and recorded during production.

Jun 1, 2012

By R. J. Twigg, S. D. Chang

"The production of heavy water, the moderator in a CANDU reactor, is examined following a flow sheet of a typical Canadian plant. The process involves the extraction and concentration of deuterium from natural water through a chemical exchange mechanism with hydrogen sulphide. Consequently, corrosion problems associated with sour environments – the use of hydrogen sulphide - are an everyday problem and have led to the development of a highly refined materials selection and testing program to prevent equipment from failing prematurely.IntroductionHeavy water is a naturally occurring compound in ordinary water and is formed from the combination of two deuterium atoms and one atom of oxygen. Deuterium is a heavy hydrogen atom which has a nucleus of on e proton and one neutron. Hence, heavy water is a combination of heavy hydrogen and oxygen and is chemically known as deuterium oxide. It looks and tastes like ordinary water but it freezes at 3.8°C and boils at 101.4°C. The molecular weight of heavy water is 20 as compared to 18 for ordinary water; the density of heavy water is ten per cent greater than that of ordinary water.Although heavy water and ordinary water exhibit only small differences in their chemical and physical properties, there are large differences in their nuclear properties, the most important of which is the neutron moderating ratio, used to measure the ratio o f the slowing down power to the neutron capture characteristics. For heavy water the ratio is 21000 and for ordinary water it is 50. This high moderating ratio is essential for achieving a high neutron economy. Heavy water is, therefore, chosen as the moderating and heat transport fluid in the CANDU reactor."

Jan 1, 1983

By A. R. Laplante

"In this paper, the performance of the Knelson Concentrator and of the batch and continuous Falcon Concentrators are compared. The units are based on different operating principles, and as such they perform quite differently. The Knelson yields very high free gold recoveries over a wide size range of both the recovered and rejected species. It is ineffective in recovering very fine ( <15 µm) or flaky gold, as encountered in flotation feeds, concentrates or tails. It is the: preferred unit for gold recovery from grinding circuits. The batch Falcon is effective in the fine range, typically less than 37 µm for gold. Its recovery zone is quickly saturated when there is significant heavies in the feed. It works best as a pre-concentration unit. The continuous Falcon is a versatile unit which is capable of recovering fine heavies (density down to 5 g/cm3 ), especially from coarser gangue. INTRODUCTIONThe purpose of this presentation is to describe the mode of operation of two Canadian centrifugal concentrators, the Knelson and Falcon. It is hoped that it will prove informative to prospective users in the selection, testing and optimization for applications of either machine. The work is based on testwork both in Canadian mills and at McGill. I am indebted to many colleagues at these locations. Appropriate references will be made to articles further describing the work, either already in the open literature or in preparation.Although this work is meant to be more practical than scholarly, it is appropriate to begin by considering how the two units achieve selective recovery. This will become useful in establishing a suitable testing methodology, which will then be described, and interpreting typical results. In the last section I will attempt to define appropriate applications for the two units. This is a thankless task, as I am likely to miss some applications or to make projections based on partial results, as much of the work is still in progress. In deference to the reader and both manufacturers, areas where reasonable doubt still remains will be identified."

Jan 1, 1993

By G. Viramontes-Gamboa

Approximately 70% of world copper reserves consist of the mineral chalcopyrite, and much international effort has focused on its study. Ultimate objectives include the development of environmentally friendly alternatives to smelting, and technologies to treat low-grade ores, for which concentration and smelting are economically unviable. Unfortunately, chalcopyrite leaching is inefficient in H2S04-Fe2(S04)3-FeS04 solutions, which is considered to be the most desirable oxidizing medium for leaching of copper sulfides, since the chemistry is well known, corrosion of industrial equipment is negligible, subsequent copper recovery by SXlEW is well established, and environmental impact is minimal. The main reason for this inefficiency is the self-passivation of chalcopyrite. We have devoted considerable effort in the understanding of this phenomenon, and have developed a predictive electrochemical methodology capable of establishing a priori the precise range of potentials within which chalcopyrite leaches and where it is passivated. Since potential control is a critical parameter in chalcopyrite leaching, this experimental methodology can be very useful for establishing the best conditions to leach chalcopyrite. In this paper, the scientific foundations of this predictive experimental technique are presented, and its practical application is demonstrated by comparing its predictions with leaching experiments from the literature.

Jan 1, 2007

By J. W. Cox, W S. Jones, A E. Chase

For a long time the Oil Industry has been looking for a logging tool which can determine the quality of the cement job behind casing. Older methods such as Temperature Surveys and Radioactivity Surveys might detect the presence of cement behind the casing, but short of production tests, it was impossible to tell that the producing zones were adequately sealed off from adjacent zones. A new logging method, which is called the •Cement Bond Log, operates on the principle that a sonic pulse transmitted by the casing is greatly attenuated when the casing is strongly bonded to an outer annulus such as cement. The down-hole tool consists of a source of sonic energy which is detected by a receiver situated a few feet away from the source. The amplitude of the detected energy is measured and the resulting signal transmitted to the surface where it is recorded versus depth. Amplitude is a function of attenuation and thus the log is readily interpreted.

Jan 1, 1961

By K. G. Chipman

The Geological Survey is the oldest map making department in the Canadian Government service, and when organized in 1842, one of the first principles to be recognized was the absolute necessity of having good maps. The primary purpose of the Survey has always been geology; but because a graphic representation by means of maps makes the written report .more readily intelligible; because the correlation of known geological facts is often difficult or nearly impossible unless they can be represented on a map; and, because the public demand information shown in this way, the Geological Survey must continue to supply maps; and the supplying of these maps must be considered as an essential part of the work of the Survey. It is a commonly recognized principle of pedagogics that an appeal to the eye is quicker than one to the ear; that children (and others) learn more quickly when a thing is presented to them through the eye rather than through the ear. The application of this principle to the work of the Geological Survey is that, to a large number of people, the message of a map is more quickly grasped, is more readily intelligible, and is in many ways of more interest and value than is the same information in a report. I do not mean that the maps are of more importance than the reports.

Jan 1, 1924

By Y. Nishida, Y. Nara, T. Ishida

Understanding time-dependent deformation and fracturing in rock is essential, because the information of the long-term stability of rock is required for many sub-surface structures excavated in a rock mass. Time-dependent fracture propagation has been invoked as a potential key mechanism responsible for the increase in seismicity preceding earthquake ruptures. In engineering projects and in preventing natural hazards, the study of time-dependent fracturing is necessary. Subcritical crack growth is one of the main causes of time-dependent fracturing in rock. For silicate rocks, subcritical crack growth has been investigated by various researchers. It has been clarified that surrounding environmental conditions (temperature, humidity, and existence of water) have strong influence on subcritical crack growth in silicate rocks. Therefore, the information of subcritical crack growth in silicate rocks has already been enough. On the other hand, information of subcritical crack growth in carbonate rocks is not enough. Especially, the influence of surrounding environment on subcritical crack growth in carbonate rock has not been clarified yet. In this study, we investigate subcritical crack growth in carbonate rock experimentally using a fracture mechanics testing method. Marble obtained in Skopje in Macedonia is used as a carbonate rock sample. The Double Torsion method is used to measure the crack velocity and stress intensity factor. Especially, influence of water on subcritical crack growth in Macedonian marble is investigated. It was shown that the crack velocity in water is much higher than that in air at the same temperature. Based on the results of subcritical crack growth measurements, the long-term strength is evaluated for marble. It was clarified that the long-term strength in water is lower than that in air in marble. It is concluded that water has a remarkable influence on subcritical crack growth in marble. It is also considered that the long-term stability of carbonate rock masses should be ensured in a dry environment.

Jan 1, 2015

By John Smith

"The RTZ Corporation PLCFrom a company&apos;s point-of-view, a good investment decision is one which results in the purchase of an asset that is worth more than it costs. Thus, in order to judge the merit of an investment opportunity, it is necessary to estimate the value of the assets to be acquired.Discounted cash flow (DCF) analysis has become widely adopted by companies in assessing potential new investments. The principle is a simple one: invest in projects which have a positive net present value, and reject those which do not. However, perhaps because of its apparent simplicity, DCF analysis is frequently misused. Good practice in the use of the technique is discussed, together with several common misconceptions.Sound analysis requires sound data; thus, the valuation process relies heavily upon a wide range of specialists to provide the basic input from which cash flow forecasts can be built up. The analyst must maintain close liaison with these specialists from the outset in order to ensure that the data provided is indeed relevant and complete.IntroductionBefore turning to the main subject of this paper ""How Companies Value Properties"", it is of interest to consider first a slightly different question ""Why do Companies value Properties""? In other words, for what purposes are such valuations prepared? Certainly the commonest, and probably the most important circumstance in which a valuation is required is when the company is considering an investment opportunity. This may be the direct purchase of a property or group of properties from a third party, but could also be the opportunity to develop a new operation or expand an existing one.A very simple objective in making any kind of investment is to make our shareholders richer than they would otherwise have been. That is, to make investments whose value to shareholders exceeds the consideration required to acquire them. Thus the investment decision focusses on the difference between an asset&apos;s value and its cost.This distinction between ""value"" and ""cost"" is an important one. Study of a company&apos;s balance sheet may tell a lot about the cost of this company&apos;s assets, but very little about their value. Then again, it is sometimes argued that a business should be bought because this will result in assets being acquired for less than their replacement cost. This merely compares one cost with another, it says nothing about value."

Jan 1, 1991

"Chairman - To start this discussion off, I wonder if Mr. Dave Livingstone or Mr. Jeffrey of Granisle Copper would give a description of the crushing plant at Granisle since it is somewhat different from the usual plant, W. N. Jeffrey - Granisle Copper The main difference between the Granisle crushing plant and many others is the Livingstone method of putting the screens under the crushers instead of above them. This method allows a more compact arrangement and eliminates the heavy superstructure required to take care of the screen vibration when the screens are mounted above the crushers. There is a small surge bin above the tertiary crusher which takes care of the variation in circulating loads.All three crushers are gyratory crushers. There is no grizzly ahead of the primary crusher but the fines are removed from the primary crusher discharge at the first screen and sent directly to the fine ore bins. E, Thornton - Sullivan GroupDo you have any coarse ore storage outside?w. N. Jeffrey - Yes, there is about 6000 tons live storage, We have very little trouble with freezing even though it is open storage.E. Thornton - Sullivan GroupDoes rain cause any problem?w. N. Jeffrey - It sometime creates a problem because the storage area is on a slope. It is mainly a problem of keeping the drainage ditches open.Question – What is the size of the primary gyratory crusher and how does it work on run of mine size materials, in other words, do you have a problem with oversize material and how do you handle the oversize rock?w. N. Jeffrey - The primary gyratory is a 42 x 65 with a nominal open side setting of 61'. We do at times get a run of oversize material. For anything too large for the crusher to handle, we use what is known as the Esco hook, which is a type of grapple used to remove oversize rocks.The disadvantage with this equipment is that the crane is too slow. I am sure there must be better arrangements than the one we have,"

Jan 1, 1971

By Mohammad. M. Khajeh

Rock mechanical properties are important parameters in geomechanical simulation. Considering stochastic heterogeneous models rather than conventional homogeneous layer cake models leads to more realistic simulation results and uncertainty assessment. These heterogeneous models are usually fine scale models generated by geostatistical techniques. Although considering high resolution property models is desirable, geomechanical simulation with a fine scale model is not computationally feasible for full?field, coupled geomechanical-flow simulation. Upscaling of property models is necessary to move from fine scale/high resolution property models to coarser scale/low resolution models appropriate for simulation. Local numerical upscaling was proposed by Khajeh et al. (2012) to describe the macroscopic elastic behavior of complex heterogeneous media and is expanded upon in this work. This numerical technique is not restricted to specific geologies as typical analytical techniques are. Moreover, transversely isotropic deformation is considered rather than the usual assumption of isotropic deformation. To compare the accuracy of the upscaling methodology, in this study shear strain is considered as the geomechanical response of a synthetic facies model and the response of the coarse scale model is compared to other conventional analytical averaging techniques. It is found that the numerical upscaling technique better approximates the geomechanical response of the fine scale model.

Jun 1, 2012

By Art Hamilton

The Zn-Pb-Cu-Ag ore deposits of the Boundary and N-5 zones near Bathurst, New Brunswick, occur in a polydeforrned volcano-sedimentary sequence that is part of the Ordovician Tetagouche Group. Massive and disseminated sulfides are hosted by an argillaceous to cherty sedimentary sequence that is stratigraphically Wlderlain by a siliceous fragmental unit and is overlain by a feldspar-rich crystal tuff and related tuffaceous rocks. The deposits have a low iron sulfide content relative to that of most stratabound sulfide deposits of the Bathurst-Newcastle mining district. The ore is commonly associated with chlorite- and talc-rich sediments. The N-5 deposit is considered to be the fault-displaced extension of the Boundary deposit. The Boundary deposit is estimated to contain 891 000 t grading 3.31% Pb, 7.96% Zn, 0.32% Cu and 44 g/t Ag; the estimate for the N-5 zone is 330 000 t grading 3.24% Pb, 7.15% Zn, 0.33% Cu, and 37 g/t Ag. The ore is processed at 1000 tpd at the Heath Steele mill.

Jan 1, 1992