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By C. R. Tinsley

Valuations can be molded, twisted and misinterpreted. Cases of spurious scope setting; limits to the information or access by the valuer; difficulties with the lack of comparative valuations; inappropriate valuation methods and outright speculations are described. None should be accepted by an experienced, independent minerals valuer. The Australasian Institute of Mining and Metallurgy (TheAusIMM) is working on a Valmin Code for which a Manual of Best Practice and Valuation Guidelines may be developed.

Jan 1, 1995

BP Minerals America (BPMA) has completed its $400 million modernization of Kennecott Utah Copper's Bingham Canyon mine. Modernized facilities include the in-pit crusher, conveyor, ore storage area, concentrator, ore pipe-line, and tailings pipeline. With modernization, Kennecott will achieve substantial cost reductions. Bingham Canyon is now one of the lowest cost copper producers in the world. And the mine will continue to provide jobs and income in Utah for another 30 years or more. The Modernization Project began in February 1986. The work took 33 months. In late 1987, the construction force peaked at 1100 workers. Kennecott Utah Copper now employs a permanent work force of 2100 employees. Less equipment and more efficiency The modernization work has increased the scale of the facilities that transport and process copper ore. A large, continuous transport system has replaced multiple haulage units. Fewer but larger pieces of equipment have replaced many crushing, grinding, and flotation units. The result is less maintenance, fewer employees, and improved metal recoveries. About one-third of the $400 million modernization project is directed at improving ore movement by eliminating rail transport. The new concentrator accounts for the remaining two-thirds of the modernization investment. The modernized plant was started up in stages. In February, ore was fed to the crusher. By the end of March, the three grinding lines were operating and the flotation circuit was producing copper concentrate. In July, the design through-put rate of 70 kt/d (77,000 stpd) was reached. October saw the achievement of targeted metal recoveries that corresponded to the fully modernized operation. It is estimated that Bingham Canyon will annually produce 181 kt (200,000 st) of refined copper, 9.3 t (300,000 oz) of gold, 71 t (2.3 million oz) of silver, and 5.4 kt (12 million lb) of molybdenite. Current Bingham Canyon production is about 97 kt/d (107,000 stpd) and a similar amount of overburden. Some 70 kt/d (77,000 stpd) of ore are processed through the in-pit crusher and 27 kt/d (30,000 stpd) of ore are transported by rail. The Bingham Canyon mine has yielded more than 11 Mt (12 million st) of refined copper. In 1863, precious metals - silver-bearing lead - were first discovered in Bingham Canyon. What was once a mountain is now a huge open pit. In fact, the mine is the world's largest man made excavation. The pit is some 4 km (2.5 miles) wide and 0.8 km (0.5 miles) deep. Since the pit began operating in 1906, more than 4.5 Gt (5 billion st) of material have been removed. Modernized facilities Electric 21 m3 (27 cu yd) or 23 m3 (30 cu yd) shovels are used to load the haulage trucks. Both 154 t (170 st) and 181 t (200 st) trucks are used to haul the ore to a mobile, in-pit crusher. The crusher replaces three crushers located at the old concentrators. There are two dumping locations at the new crusher, which can handle two trucks a minute. The 1.5 x 2.7 m (60 x 109 in.), 745 kW (1000 hp) Allis-Chalmers gyratory crusher reduces the ore to 254 mm (10 in.) size or less and delivers it to the conveyor. The crusher and conveyor systems are capable of handling 9 kt/h (10,000 stph) of ore.

Jan 11, 1988

BRADEN, the most southerly of the three big Porphyries in Chile and the first to start production (in 1910), is a remarkable mine. It would be interesting to know just how much it has contributed, and will contribute, to the earnings of the Kennecott Copper Corporation, which acquired 95 per cent of Braden stock in 1915 by an exchange of shares and which subsequently obtained the remainder. Because of this complete ownership no separate annual report is published (as is the case with Anaconda's South American subsidiaries, Chile and Andes). Income, taxes, operating costs, earnings, and other financial data, including the balance sheet, are consolidated with corresponding items applying to Kennecott's manifold operations in the United States and other foreign countries. If Braden were in the United States it would be possible to arrive at a pretty accurate estimate of revenue realized each year from the sale of copper simply by applying the average published market price to the production as reported by the company. However, because of the restrictions on sales imposed by the Chilean Government and the almost fantastic regulation of exchange rates in the past, no estimate of the sort would be reliable. This point is illustrated by the following comparison made by Charles R. Cox, president, in Kennecott's report for 1955: In each year, 1954 and 1955, Braden supplied about 30 per cent of Kennecott's total copper deliveries; but Braden's operations contributed 16.7 per cent of consolidated net income in 1955 against only 6.2 per cent in 1954. More will be said later about exchange rates, taxes, and restrictions, and the recent improvement in the situation. Of course another element of

Jan 1, 1957

BETWEEN the third and twentieth days of November, 1903, six intensely interesting letters were mailed from Santiago, Chile, addressed to "Mr. William Braden, Consulting Mining Engineer, 71 Broadway, New York City." The subject of these communications, referred to as the "Rancagua mines," was a copper property situated in the high. Andes; and the writer was Marco Chiapponi, an Italian mining engineer. Many a letter has been written about potential mines and prospects, good and bad, situated in all parts of the world; but few of them combine the shrewdness, sincerity, naïveté, and salesmanship that appear in these fascinating letters by Chiapponi. In 1894, Mr. Braden, as a young man twenty-three years old, had gone to Santiago to look after the erection and operation of some mining machinery that was to be exhibited at the International Mining Exposition. Not the least important of his purposes was to get acquainted at first hand with the mines and mining men of Chile, which ranked at the time (as it does today) second to the United States as a copper-producing country. It happened that a dispute arose regarding charges for certain construction work done in connection with young Braden's exhibit. Finally, arbitration was agreed upon and the Chilean exposition officials proposed Se[n]or Marco Chiapponi as a fair-minded neutral to decide the question. This he did in a manner satisfactory to both sides, and subsequently he and Mr. Braden became good friends. Nine years later Braden wrote to Chiapponi inquiring as to certain matters connected with the Corocoro copper mines in Bolivia. It was to this letter that Chiapponi refers in his letter of November 3, from which the following are some extracts,

Jan 1, 1933

By Mazany, M. S.

THE Caletones copper smelter of the Braden Copper Co. is in the " Teniente" mining district about SO km. (49.7 mi.) southeast of Santiago, Chile. From the seaports of San Antonio and Tralparaiso, the property is reached via the Chilean State Railway (66-in. gage) to Rancagua, whence the Braden railroad (30-in. gage) leads to the smelting plant at Caletones, 60 km. away at 5100 ft. elevation, and continues on to the mine and concentrator at Sewell, at 7000 ft. elevation, 12 km. farther into the Andes. The smelting plant was completed and put into commission in February, 1922. At the start, it smelted daily 750 tons of concentrates produced at Sewell from 10,000 tons of ore; later, its capacity was increased to 900 tons of concentrates from 12,000 tons of ore per day; and it is now being increased to 1100 tons of concentrates from 15,000 tons of ore per day. The smelting plant production is governed chiefly by the

Jan 1, 1925

By Bradley Stoughton

AT THE meeting of the Board of Directors on May 20, the resignation of Bradley Stoughton as Secretary of the Institute was presented and regretfully accepted by the Board. The letter of resignation follows : Gentlemen: About two years ago, I indicated to the President and some members of the Board my belief that the office of Secretary of the Institute should not be a permanent one. It is my observation of events, not only in our own Institute, but also in several sister societies, that too long a tenure of office by the Secretary inevitably leads to a situation which is not good either for him or for the society. After submitting this in writing to the Directors on February 17, 1920, I was overpersuaded by members of the Board to defer resignation until a more convenient time for the

Jan 1, 1921

By Patrick Doig, Ross Webb

The Bradshaw Section 5A Interceptor involves the construction of two miles of 108-inch, finished diameter tunnel in dry soils. Excavation is generally by Lovat TBM with ribs and lagging support. The tunnel is beneath a recreational parkway and stringent measures have been enacted to preserve the parkway and minimize disruption to the neighborhood. Apart from these constraints, the project would have been unremarkable but for the intervention of CalOSHA and the local fire department who ordered extraordinary fire protection measures. The paper discusses the cause and effect of these measures and comments on the potential repercussions for other projects.

Jan 1, 1999

By R. G. McLusky

This paper analyzes the opinion in Bragg v. Robertson, 72 F.Supp. 2d 642 (S.D. W.Va. 1999), a case which threatens the future of surface mining in West Virginia and which will almost certainly result in new policies or rules that will affect surface mining everywhere. This paper addresses: (1) the jurisdictional bases of the action which relies on the federal surface mining laws to enforce a state mining program; (2) settlement agreements reached in the case that threaten to alter federal policies beyond West Virginia borders; (3) a programmatic environmental impact statement on mountaintop mining being undertaken by the federal government; and (4) an opinion by the Court outlawing excess spoil disposal in intermittent and perennial streams.

Jan 1, 2001

By George Smith

IN discussing present-day business and industrial troubles we easily drop into the habit of clinical diagnosis. Talk of this kind, with its emphasis on suspicious symptoms and abnormal tendencies, makes us all morbid. As an English essayist has put it, we may thus induce a melancholy, temper that simply in-vites the ministrations of social and political quacks. It is far better-because nearer the truth-for us to recognize that our condition is in no sense diseased, that our body politic, social and economic, is suffering merely from growing pains; that America is not de-cadent-indeed, that any lapses from staid normality are traceable to the, excesses of youth. Our chief .trouble, then, is only that our industrial state is still young; it may be that we have been growing too fast. The growth in the industrial development of our country from pioneer days to the present time has been marvelous. Too many of us, however, take all this as a matter of course-we credit this record of American progress to our American genius alone. Too often we overlook the fundamental relationship between resources and progress-that man is aided and even guided by Nature. The fact is, social advance, indus-trial progress, national prosperity all have their ma-terial basis in natural resources. In furnishing the needed mineral raw materials to the great manufac-turing industries of the United States there has been no halt, but rather a general acceleration. No other phase of American activity can show-equal advance. As the decades have passed, the winning of mineral wealth has progressed from the role of a stimulus for western exploration to that of the foundation for nation-wide business. In 1890 the Sherman law was passed; since then the population of the United States has about doubled. Since then, too, thevalue of the annual product of the mines of this country has increased better than eight-fold-from 650 millions to 51/ billions of dollars. Since then the four largest branches of the mineral industry, which supply the iron and copper, the bituminous coal and petroleum-the bone and sinew and the energy of all other American industries-have increased their annual output nearly ten-fold as to value and six-fold as to quantity. Such a growth in the volume of mineral output must be taken as a true measure of the ex-ceptional service rendered by the mines of the United States. Not only is this a much larger country than it was 38 years ago, but its growing mineral industry has met demands that have been out of all proportion to the growth of the population.

Jan 8, 1928

By Franc R. Joubin

"Gold has been found in many parts of the Bridge River district of British Columbia; but it is from a relatively small area in the valley of Cadwallader creek that most production has come. The ore-bearing area measures 1/2 mile in width by 3 miles in length; and for convenience it is called the Cadwallader gold belt in this paper. In this belt are found the Bralorne and Pioneer mines and in addition several prospects under development.The gold of the Cadwallader gold belt occurs in quartz veins averaging about 3 feet in width and containing about ½ oz. of gold a ton. Except for a relatively small amount of silver, no other metals are produced from these veins. The ore-bearing veins occur in a variety of rocks. They occupy reverse faults and tension fractures belonging to a distinctive fracture system. Some of these structures are ore-bearing over lengths exceeding 5,000 feet and depths exceeding 3,700 feet. The production of the Bralorne mine (1932-1945) is 996,383 oz. gold and 190,709 oz. silver; that of the Pioneer mine (1930-1945) is 777,588 oz. gold and 135,698 oz. silver. These two mines have together distributed about $25,000,000 in dividends.The Bridge River district first attracted attention in 1863* when prospectors were attracted by its small but rich placer gold deposits. Most of the important lode deposits of the Cadwallader gold belt were discovered in 1897 (11). Many years of desultory development followed and it was not until 1928 and 1932 that the Pioneer and Bralorne mines, respectivdy, entered into profitable production."

Jan 1, 1954

I met Austin Taylor in Vancouver on my way home from my first Pioneer examination. He asked me to examine the unsuccessful old Lorne mine, adjoining and west of the Pioneer. I had no idea that this meeting would lead to one of the outstanding successes and pleasant associations of my career. I knew nothing of Taylor, except that Gen. McRae and associates said that he had been engaged in lumbering and was interested in an oil and gasoline marketing company called Home Oil. But even if the Lorne examination would be only a small one, in the depths of the Depression in 1931, I was glad to have a chance to look at another gold property, so I agreed to visit the Lorne early in August. The start of the trip was not auspicious. I had been working hard on an unproductive study, and was greatly worried by my father's hopeless illness with tuberculosis. To get a little rest on my way north I had arranged to go from Seattle to Vancouver on the night boat that connected with my train. To my surprise, Bill Boultbee, an associate of Taylor, met me at the train in Seattle at 9:30. He said he would drive me to Vancouver, arriving at one In the morning. I was so tired that I begged off and let him take the drive alone Boultbee was most understanding and friendly, but I knew how I would have felt if I had been kind enough to take the long drive to help a stranger and then had been forced to make the return midnight drive alone. I was lucky they did not call off the examination at once. I got a good sleep on the Vancouver boat and Austin Taylor met me at the Hotel Vancouver for breakfast. After a brief talk he took me to the small steamer that made the 4-hr sail up Howe Sound to the village of Squamish. This was the end of the Province-owned Pacific Great Eastern Railway that was eventually to be a shortcut from Vancouver to the Canadian National main line at Prince George. Because

Jan 1, 1976

By Fred E. Gray

The mill of Bralorne Mines, Limited, is located on the government highway in the Bridge River mining district of British Columbia, approximately fifty miles northeast of Shalalth, the shipping point on the P.G.E. railway. Prior to 1931, the property now owned by Bralorne Mines, Limited, was operated by Lorne Gold Mines, Limited. During the early operation of the mine, the ore had been treated at various times in one of three small amalgamation mills on the property. With the succession to ownership by the Bralorne Mines, Limited, work was started on construction of a new mill of approximately 100 tons capacity per day. The new mill was put into operation in the month of February, 1932, and since that date has been in continuous operation, milling an average of slightly over 3,000 tons of ore a month. The ore treated in the Bralorne mill is a gold-bearing quartz containing a very small amount of silver. About 75 to 80 per cent of the gold is in the form of free gold, the principal remaining portion being intimately associated with pyrite and arsenopyrite. The gangue rock is quartz, together with varying but relatively small amounts of altered diorite or albitite. In some of the ore, usually the higher grade portions, there is also considerable talc, which forms much slime in grinding. The mill is situated near the portal of the main haulage tunnel and the ore is received directly from the mine ore-trains, which dump on to the grizzly over the coarse-ore bin of the crushing plant. Figure 1 shows the flow-sheet of the mill as it is now being operated. Various changes have been made in the flow-sheet and in the reagents since the commencement of operations, and doubtless minor changes will continue to be made in order to increase the efficiency of the mill. Among the more important changes were those from two-stage to single-stage grinding, and from amalgamation plates to blankets. The change in the crushing was made because too much crushing was done when both primary and secondary mills were employed.

Jan 1, 1933

By C. H. B. Leitch

"The Bralorne-Pioneer deposit produced more gold than any other deposit in British Columbia over its 70 years of operation (130 kg or 4 million oz of Au, from 7 million tonnes of 18 glt ore). Mineralization is related to a suite of late Cretaceous albitite dykes of 85 to 90 Ma age. It thus occurred long after and is genetically unrelated to the Early Permian (275 Ma) Bralorne diorite and soda granite.The major veins strike about 110 degrees and dip north at 70 degrees, with slickensides plunging 45 degrees east that indicate last movement was reverse. Major ore shoots in the veins occupy somewhat less than 20% of the vein and plunge steeply west, roughly perpendicular to the slickensides. The structures that contain the veins probably formed at around 95 to 90 Ma during a strike-slip episode with easterly directed maximum compression.Disseminated pyrite, pyrrhotite, and minor chalcopyrite occur within envelopes up to several metres from the veins. Arsenopyrite is confined to vein selvages. Local sphalerite and galena appear to correlate with gold-rich portions of the veins. Traces of tetrahedrite and stibnite have been observed but tellurides have not. Gold is found principally as thin smeared flakes of the native metal in the black sulphidic septae of the strongly ribboned veins. Hydrothermal alteration envelopes around the veins grade outwards from intensely foliated quartz - ankerite - sercite (±fuchsite) to less sheared calcite - chlorite - albite to unsheared epidote -calcite.Open-space vein filling textures found in the deep (mesothermal) environment at Bralorne can be explained by a fault- valve model. High-angle reverse faults may have acted as fluid-pressure activated valves on geopressured reservoirs, causing large cyclic fluctuations in fluid pressure that promoted mineral deposition in an episodic fashion . The faults that were mineralized were reactivated sub-vertical former strike slip faults, oriented at a high angle to the northeast-directed stress in a compressive regime."

Jan 1, 1990

By Walter Larsh

The Ruth orebody, so far developed, is roughly oval in plan, major and minor axes about 1600 ft. (487 m.) and 1200 ft. (365 m.) respectively, average thickness about 120 ft. (36 m.), and with a general dip of about 15° to the northwest. According to the generally accepted theory, the ore is a secondary enrichment of the porphyry due to leaching in situ by meteoric waters. Copper occurs as chalcocite, chalcocite coating pyrite, and a little chalcopyrite. The leached zone, or capping, covering the ore varies in thickness from 110 to 540 ft. (33 to 164 m.), average about 410 ft. (124 m.). The ore is blue gray in color, and the capping, light yellow to brown. Ore was first discovered in quantity in the workings from the Ruth shaft, now caved. Further development work was done by churn drills, and the outline of the orebody, as stated above, determined in this manner. Drilling is still being carried on. The porphyry area is entirely surrounded by sedimentaries, lime-stones and shales; and, in so far as the underground workings have shown, the porphyry' itself, the sedimentaries near the contact, and the country underlying the ore (igneous or sedimentary) is very soft, heavy, and in places swelling ground. All openings have to be carefully and stoutly timbered, and, after once driven, they have to be constantly eased off and repaired. The mine is at present served by two shafts, the Star Pointer, the main working shaft; a vertical, and the Ingersoll, an incline used for waste and material. The two shafts are about 2600 ft. (792 m.) apart, connected on the 500 level; a connection is now being driven on the 600 level. (Dec., 1917. This connection is now completed.) The 300 level, which is finished, and the 400 level which is nearly completed, are accessible only from the Ingersoll and connections with the 500 level.

Jan 1, 1918

By Sandra K. Zacharias

Brass, a deliberate alloy of copper and zinc, has been known since before Roman times. There are two main methods of making brass: (1) Cementation or calamine process - crushed zinc ore (calamine, ZnC03 , or calcined calamine, ZnO), is mixed with charcoal and small pieces of metallic copper and heated to about 900°C in a closed crucible, (2) Alloying - metallic copper and zinc are melted together in a reverberatory furnace. According to most modern authorities (e.g. Smith and Forbes 1955), the calamine process was the only one used in western Europe prior to the 18th century. At that time, the alloying technique began to take over, because metallic zinc was successfully produced on a large scale for the first time. Previously, this had been a problem because zinc vapourizes at 906°C or about the same temperature at which it can be reduced from its ore. Thus, some means had to be devised to collect and condense the zinc vapour (Tylecote 1976). Metallic zinc was known, however, earlier than the 18th century A.O. Several early finds have been made, including a rolled sheet of metallic zinc found in excavations at the Athens Agora dating to the 3rd to 2nd century B. C. (Farnsworth et al. 1949). The Chinese were producing zinc by at least the 10th century A. D. and, by the 17th century, Chinese zinc ingots were being imported into Europe by the Dutch East India Company (Needham 1974). Metallic zinc is also mentioned in several European documentary sources from the 16th century (e.g. Paracelsus, Agricola). This study traces the changes in Western brass making methods from Classical to Renaissance times by examining documentary and archaeological evidence.

Jan 1, 1999

By H. W. Gillett

This bulletin is issued by the Bureau of Mines as a contribution to the increase of safety and efficiency in the preparation and utilization of the mineral resources in the United States. Notable among the drains on these resources are the demands made by the nonferrousmetal industries, and in these the losses occasioned in melting brass and bronze are worthy of particular attention. This statement will be better appreciated by a consideration of the size of the brass industry. MAGNITUDE OF THE BRASS INDUSTRY. According to the Thirteenth Census, in 1909 there were in the United States 1,021 fu-ms that dealt mainly in brass and bronze. This total included jobbing foundries, manufacturing plants that both cast and machine a brass or bronze product, and rolling mills, but did not include iron foundries having nonferrous departments nor the numerous large brass-foundry departments of manufacturing plants that produce the castings used in the manufacture of electrical apparatus, cash registers, pumps, and the thousands of machines that require brass castings for their construction. Penton's Foundry List for 1910 gives about 1,150 exclusively nonferrous foundries and about 2,300 iron or steel foundries that also melt brass. If the rolling mills and. jobbing foundries in manufacturing plants be included, and if due credit be given to the rapid growth of the industry in the last few years, largely through the stimulation of the automobile busi¬ness, it is probable that not less than 3,600 plants are to-day melting brass or bronze.

Jan 1, 1916

By T Horberry

This paper describes work conducted as part of an overall research project that aims to identify current and emerging trends in the development of automation and remote mining technologies, and to provide an operator-centred perspective to the design and deployment of such systems. More specifically, this paper outlines a research and development process being constructed to examine the issues of the human skills and capabilities required to operate or maintain automated/remote controlled mobile mining equipment. A human factors approach presented here, where the focus is upon designing equipment interfaces to fit operators, rather than purely designing and deploying the equipment based on a technology-centred approach. However, the importance of training to help develop the required skills and capabilities is also emphasised.The work built on a full review of the literature about the effects of automation in mining and elsewhere, extensive interviews with different stakeholders in mining automation and recognised best practice regarding designing for the human element in automated systems. The human element research and development process proposed is in four stages, ranging from understanding the tasks involved in both manual and automated equipment operation through to user trials to ensure that the automated systems are acceptable to operators and are fit for purpose.It is outside the scope of the current paper to present the full data collection described by this four stage process, but an overview of what will be collected is presented. As such, this paper focuses on the broad methods being developed, rather than the specific results to be obtained. The ultimate objective is to apply a broad ‘technology assessment’ approach to the design, deployment and evaluation of automated mining technologies, in particular by considering the user-centred design implications of these technologies.

Nov 22, 2011

By M Lynch, B White

The historic city of Charters Towers in North Queensland is underlain by an extensive labyrinth of old mine workings in a large number of flat lying, subparallel, main and cross-cutting cross reefs extending of the order of 5 km along strike and down to a depth of 700 m in parts. These old workings produced over 6.6 million ounces of gold at a grade of over one ounce to the tonne prior to closure in 1920.Citigold is progressing the development of a modern, high productivity, low cost new mine to extract extensions of these reefs as well as other as yet un-mined reefs. To do this it is changing the paradigm for operating in such circumstances. This paper first briefly reviews the setting for the development and then discusses the philosophies and concepts that Citigold is proposing to use, harnessing technology to create a mine that exemplifies more productive and safer mining based on operating in the digital age.The paper addresses how a modern approach is being applied to the planning of a mechanised, deep, narrow vein, hard rock gold mine under a city. It also describes briefly the successful æexperimentationÆ with longhole open stoping methods developed at the companyÆs small underground operation (the Imperial Mine) to the south of the city, which will also be expanded substantially as part of the Charters Towers Gold Project.The paper also addresses the development of new and/or modified technologies in the venture, with the objective of pursuing continuous and autonomous mining methods. The company is adopting a holistic systems approach, addressing people, process and technology in order to efficiently identify and locate the high-grade ore zones and then extract them effectively at a high grade by minimising waste development and haulage, dilution and energy consumption, and with minimal environmental impact.CITATION:Lynch, M and White, B, 2013. Brave new world autonomous mining systems, in Proceedings World Gold 2013 , pp 157-166 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By Subrahmanyam T. V, Rao V. D

GOLD, the most important and highly coveted valuable metal, is being sought and exploited in almost all the geological environ- ments by the developed, developing and underdeveloped coun- tries of the world. Brazil, one of the five largest countries of the world, has similar geological and lithological environments as of Africa, Australia and Canada and also produces this noble metal. With the recent gold rush in Serra Pelada Hill in Para State of Brazil and the consequent migration of a large number of enter- prises to the Amazon region in search of geological conditions similar to that of Serra Pelada, the status of Brazil in gold produc- tion has been considerably elevated to be among the first five of the world. The principal geological environments or the lithologies where gold can be explored are the greenstone belts, banded iron for- mations, quartz lodes and placers; and the tectonic controls like shear zones in these horizons, or the tectonic relics or the annular- structures that limit the quartz vein systems in felsic as well as volcanogenic systems and epithermal models. The greenstone, BIF associations are present in all the Archean-Proterozoic ter- rains in Central and Northern Brazil. The quartz boudins in Al rich schistose rocks and the weathered and chemically enriched

Jan 1, 1988

By Henry R. Ensminger

Brazil's gross domestic product (GDP) grew only slightly in 1988 to $277 billion at current prices.2 The growth rate was the smallest registered since 1983, when the rate was minus 2.8%. The economy's performance was strongly influenced by a 2% to 3% decrease in industrial production and civil construction. The mineral industry, however, countered the downward trend in the industrial sector and grew a modest 1.4%. In November, Brazil adopted a new Constitution that placed significant restrictions on foreign investment in the mineral industries. Under certain provisions of the new Constitution, foreign companies were prohibited from establishing new mining ventures in Brazil as sole or majority owners. They could now enter the mineral industry only as minority shareholders with Brazilian partners. Foreign companies already established in Brazil had a 4-year grace period to find majority Brazilian partners, or to establish vertically integrated processing operations (mining, processing, smelting, and refining). The new Constitution also prohibited foreign risk contracts for petroleum exploration.

Jan 1, 1990