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By S. H. Logan

The present discussions throughout the civilized world on the subject of gold for monetary purposes may seem due to general economic conditions during the past year. But for some years previously a small group of authorities had warned the world against the continued disregard of an equitable distribution of existing gold reserves, and had urged the necessity of keeping the supply of new gold equal to the monetary demand, which, according to world production and trade figures, increases on the average about 3 per cent per annum. In 1927, Sir John Aird, the President of The Canadian Bank of Commerce, stated that the United States could spare a billion dollars of the supply it then held, 4 ½ billion dollars. About a year and a half ago the Professor of Banking and Currency in the University of London, Mr. T. E. Gregory, said, "If the world finds it impossible to modify its habits so far as to make an organized effort to economize gold seem less Utopian, it must be prepared to pay for its bad habits, in this and other respects, by a possible loss of material welfare." These clear-cut statements were not heeded, perhaps for one reason because most countries were in the flush of prosperity, and making such great demands upon the mining fraternity for industrial materials as to distract attention, at least to some degree, from gold mining. Now the world knows it faces serious problems, first, of making? fully effective its present monetary reserves, which, although badly distributed, are as a whole ample for the needs of the present, and secondly, of preventing a shortage in the supply of new gold, one that may come within the next few years if the present sources of supply are not enlarged, and if there is no marked change in the technique of gold production.

Jan 1, 1931

By R. D. H. Wigmore

"The title of this paper probably sounds quite simple and self-explanatory. The problem, however, was not a simple one, and proved somewhat baffling and expensive over a period of years. After outlining the problem, and the methods which were used to overcome it, we will present our solution, or perhaps it would be more accurate to say the partial solution which we reached.We have in the cyanide circuit at Upper Canada two Dorr Single Tray Thickeners with 30 ft. diameter wood stave tanks 12 ft 4 1/ 2 in. deep. In the years prior to 1948, when the tonnage was 250 to 280 tons per day, two stage thickening was practised. As the tonnage was increased to 450, 500, and finally 560-600 the thickeners were used in parallel.Some settling problems were encountered, and in those days the means to combat these problems were very few. The only remedy was to dump in pounds and pounds of lime. Then along came a few reagents, and the writer remembers one in particular, - 11 Carboxel11 (carboxymethlycellulose). When water or solution was added to this reagent, the result was a gooey mass somewhat resembling tapioca. One drawback was that it stayed in this state, and didn't go anywhere. A method was finally developed of containing the mass (or mess) on a fine screen, and dissolving some of it was a fine spray of solution. The only thing the writer recalls was that it was not a very effective settling agent.Shortly after this time, along came the new flocculents, first a few, and then many, and our settling problems were over.But when the settling problem was solved at Upper Canada, some other problems were creeping up on us."

Jan 1, 1965

"Since all gold mills must sooner or later be cleaned up for permanent shutdown it was felt that a record of what was done at one mill might be of some help to those who will have to do the same job in the future,In cleaning up the mill of Delnite Mines Limited, I had an advantage that most mill superintendents will not have in that I started up the mill and was there until it was shut down, It was also known for two years approximately when the shutdown would be and for a year almost the exact time. This, of course, made careful planning possible and enabled me to get advance information that wouldn't have been available had the shutdown come unexpectedly,Early in 1964 calculation of ore reserves and the known number of working places available indicated that the mine would run out of ore sometime in August or September but not later than October, The time of course would vary with the number of competent miners that could be retained until the shutdown. Since the mining method used exclusively on the ore then remaining was cut and fill, it was known that once mining operations ceased it would require at most two days to crush and grind the last of the ore.In March 1 964 I took samples of the concrete floor under the precipitation presses, in the flux room and furnace room of the refinery and from the assays obtained proved that there would be no profit in breaking up the concrete to recover the gold from it, Samples taken from the top half inch of the concrete floors assayed less than 0, 10 oz per ton,"

Jan 1, 1966

By W. B. Paton

Introduction For several reasons the accident history of Flin Flon has been quite unlike that of any other mine in northern Canada, and very much unlike that of the average American metal mine. Towards the end of 1928, the mining project that is now Flin Flon, and that is now in the very: forefront of Canada's big producers was launched; but, metaphorically, it was launched in a tempest of mining troubles. Each branch of the mammoth enterprise was beset with extraordinary difficulties, and the Safety Department had its relative share. Difficulties in Accident Prevention The unusually rugged contour of the plant site made roads, and even moderately safe pathways, out of the immediate question. The project established an industrial outlet for depression-stricken areas which hitherto had been essentially agricultural; but through that outlet poured labour whose working atmosphere had been the bald prairie, labour that knew nothing of safety consciousness, labour that had to be moulded to industrialism, labour in the raw. A considerable length of the ore-body lay under the eastern section of Flin Flon lake. Open-pit methods were adopted to work the upper limits of the ore-body, and consequently the eastern section of the lake had to be dammed and pumped dry. The subsequent difficulties and hazards created by silt deposit cannot be fully visualized. And, finally, there was a geographical hindrance: the ore-body was partly in the Province of Manitoba and partly in the Province of Saskatchewan. The workmen's compensation problem became intricate. Insofar as accident prevention is concerned, Flin Flon's young industrial life may be conveniently divided into three distinct periods, namely: (a) Construction (Nov. 1928-June 1930) (b) Tuning up, and production till the strike (June 1930-June 1934) (c) Production from the strike till the present time At the peak of construction, due to the usual labour fluctuations of big jobs, there was a weekly turnover of about a hundred men. A very large percentage were Central Europeans, most of whom could neither read nor write English. Consequently, an organized safety programme was out of the question.

Jan 1, 1935

By John Galbraith, Dwayne D. Tannant, Chris C. Langille

"Development of underground openings in a deep mining environment requires a support system that is able to absorb energy as a result of dynamic loading due to rockbursting and blasting and static loading due to convergence as the development face advances. The support system must be resistant to corrosion and be effective over the life of the excavation, upward of ten years, yet simple and cost effective to install. Over the past two years, research has been conducted at INCO’s Creighton Mine to try and identify a one-pass grouted support system that will meet these needs.The main problem faced, with simply using grouted rebar at depth, is the effect of tunnel convergence on the stiff grouted bolts. Typically, if fully grouted, stiff rebar are installed to the face of an advancing development heading, the amount of convergence that occurs can result in failure of the bolts at the face plates used to attach the mine screen to the back. An initial support is required to enable crews to continue the bolting cycle in the immediate term, yet allow for this convergence over the longer term as the drift advances. The ideal support system will allow both to occur, giving effective immediate support while providing long-term effectiveness in allowing convergence to occur while maintaining the capacity of the bolt.This paper will investigate the expected convergence in deep development headings at +2200 m (+7200 ft) through the use of direct measurements using both flex rod extensometers grouted into the back of a development heading and five-point tape extensometer stations. Measured results will be compared with simple2-D numerical analysis to evaluate the anticipated convergence expected to be absorbed by the bolting system. The required convergence will then be compared with load deformation response of several support configurations."

Jan 1, 1996

By A. Galley, R. Tosdal, F. Robert

The Canada Mining Innovation Council (CMIC) Exploration Innovation Consortium developed a 10-year business case for developing new discovery criteria, exploration techniques, and better data management and analysis to improve exploration success in deep, remote, and covered terrains. Within this context, the CMIC devised a five-year project proposal to create improved multiparameter exploration tools to detect ore systems and more efficient vectoring toward high-grade mineralized cores. The Footprints project was approved March 2013. More than CAD$13 million funding was provided through the CMIC-led joint sponsorship from 30 companies and the Natural Sciences and Engineering Research Council. Consistent industry leadership and integration of dedicated industry and academic expertise has the project on track for reaching its well-defined objectives.

Jan 1, 2014

By J. R. Tickner

"Gold is conventionally analyzed using fire-assay or other destructive chemical methods that impose significant sample preparation, OH&S, and skilled labour requirements. Developed over the past 15 years by the CSIRO, PhotonAssay provides a new approach. A high intensity, high-energy x-ray source is used to activate atoms of gold and other elements in bulk mineral samples. The resulting activity is counted to automatically, accurately and rapidly determine metal grade. Samples weighing 0.5–1.0 kg can be measured in a few minutes with minimal preparation. As the method is matrix-agnostic, traditionally hard-to-assay materials such as highly refractory ores, carbon pulps and copper concentrates require no special treatment. We present the status of commercial PhotonAssay systems being developed by Chrysos Corporation. The first unit with a throughput of up to 80 samples per hour is to be deployed in an Australian assay laboratory in late 2017; smaller systems suitable for providing real-time assay directly at the mine-site will be progressively rolled out from mid-2018. Performance results from extensive testing using both mine-sourced and standard reference materials are presented, demonstrating the sensitivity and accuracy of the method. Implications for replacing conventional gold assay in exploration, mining and processing operations are discussed.INTRODUCTION Accurate methods for assaying ore grade are essential throughout the exploration, mining and mineral processing value chain. The discovery and evaluation of new ore deposits, reserve and resource definition, mine operations planning, ore processing, metal accounting and product quality evaluation all rely on accurate measurement of the valuable metal content of bulk materials. The analysis of gold presents particular challenges, stemming from the very low concentrations at which commercial operations run (often part-per-million (ppm), or equivalently one gram-per-tonne levels or below), and the highly heterogeneous nature of many gold deposits. These challenges mean that any analytical method must have high sensitivity and be capable of measuring large-mass samples. The most widely used quantitative analytical method for gold is fire-assay (Hoffman, Clark and Yeager 1998). An initial ore sample typically weighing several kilograms is dried, crushed and pulverized to allow a small sub-sample (10–50 g is common) to be representatively drawn. The sub-sample is mixed with flux, litharge (lead oxide), a reducing compound and other reagents. The mixture is fired at a temperature of 1000–1200°C until molten. After cooling, the slag is removed and the lead button containing any gold present in the sample is remelted in a porous cupel. The lead is absorbed into the cupel, leaving a gold prill which is either weighed directly, or dissolved in acid and analysed via atomic absorption spectroscopy (AAS) or inductively coupled plasma spectroscopy (ICP or ICP/MS)."

Jan 1, 2017

By H. Pempel, J. Markowski, P. Ay

"Metal-coated thermoplastic parts find more and more functional and aesthetic applications in the interior and exterior of cars. The vapor-deposited or electroplated coatings are usually composed of a plurality of nickel- and chromium-containing layers, which are applied to copper-containing carrier layers on the polymers. Previously, recycling processes are mainly focussed at the recovery or thermal utilization of the plastics. Targeted and selective recycling of the metallic coatings is usually not carried out. Together with several SME, BTU developed a process, in which a complete and separate recovery of all components in high purity is possible with biotechnological methods. The bioleaching is carried out with iron and sulfur-oxidizing bacteria, especially Acidithiobacillus ferrooxidans. The copper-containing layers are dissolved in the solution; chromium- and nickel-containing particles are precipitated as solids. After the bioleaching, a mechanical separation of the individual metal-containing components and their separate workup are carried out. End-products are metallic copper, a nickel- and chromium-containing solid and the cleaned plastics. The bioleaching ensures a high purity of the end products. Through the use of bacteria, which are also found in nature, the process is environmentally friendly. Compared to chemical leaching using inorganic acids, considerably shorter leaching times can be achieved. In addition to the optimization of the leaching process, the R/D-project also includes the development and testing of the apparatus technology.INTRODUCTION The material complexity of many end-user products has increased in recent years, especially in the fields of electrical appliances, vehicle technology and medical technology. However, the demands on functionality, safety, comfort and energy efficiency still play a greater role in product design as factors such as sustainability and usability. For example, if a car still holds more than 70% of steel in the 1980s, a vehicle nowadays includes a larger proportion of a variety of difficultly separable plastics and composite materials, as well as complex metal composites. This relates in particular to composites made from such different materials as metals and plastics. The processing and recovery of the components of those complex material mixtures is difficult for recycling companies."

Jan 1, 2017

By R. Mulligan

"The Cordilleran tin belt extends from the Seward Peninsula in westernmost Alaska to Mexico. Throughout the Canadian section, tin occurrences are mainly confined to a belt along the northeastern fringe of the Western Cordilleran sub-region; the boundary of this sub-region with the Eastern Cordilleran sub-region is most simply defined as the practical eastern limit of granitic and metamorphic rocks. The stratified rocks underlying this restricted belt are mainly late Precambrian and early Paleozoic miogeosynclinal sedimentary rocks, which are more or less metamorphosed but otherwise are generally equivalent to the less severely deformed rocks underlying the Eastern Cordilleran sub-region. They contrast with Late Paleozoic - Mesozoic eugeosynclinal volcanic-sedimentary assemblages farther west, but the granitic intrusions throughout are mainly of Late Mesozoic age. Thus, narrowly defined, the tin belt largely coincides with a lead-zinc-silver metallogenic province, whereas copper deposits characterize the eugeosynclinal regions to the west. In addition to the tin occurrences, which include the Sullivan lead-zinc-silver mine, Canada's only significant producer, the belt contains all the beryllium, most of the tungsten and many Iithophile-type molybdenum occurrences. Several types of occurrences of each metal are represented. Lithium occurrences in the Canadian Cordillera are notably rare, and these few are insignificant."

Jan 1, 1971

By C. J. Hodgson

"IntroductionThe Kitsault molybdenum mine is located 600 m above sea level on Lime Creek at the head of the inlet of Alice Arm, 140 km northeast of Prince Rupert, British Columbia (Fig. 1). The area of the mine is characterized by rugged topography and deeply incised creeks which drain into the Portland Canal - Observatory Inlet fjord system. Access is by air service or boat from Prince Rupert, or by secondary road from Terrace.HistoryThe deposit was first staked in 1911, at which time the main feature of interest was a polymetallic vein with values in silver located southeast of the molybdenum deposit (Woodcock and Carter, 1976). Turnbull (1916) was the first to describe the extensive zone of crisscross quartz stringers with Mo~ on the banks of Lime Creek which, although it clearly had the potential to contain a major deposit, was not then believed to be of commercial value.Following sporadic work through the 1920s and early 1930s, the ground lay idle unti11959 when Kennco Explorations (Western) Ltd. commenced a program of systematic diamond drilling on the stockwork-type mineralization adjacent to Lime Creek. In late 1964, Kennco announced the presence of an orebody of 36 million tonnes averaging 0.230Jo Mo~ which was to be put into production at a rate of 5450 tonnes per day under a new subsidiary, British Columbia Molybdenum Ltd., at a forecasted capital cost of $20 million (revised to $30 million).Between January 1968 and April 1972, 10.4 million kg of molybdenum were produced from 9.3 million tonnes of ore, at an average mill recovery of 90%, and with an average mill head grade of 0.206% Mo~. The ore was mined in an open pit with a waste to ore stip ratio of 1.5 to 1. The. operation was terminated in 1972 due to weak molybdenum prices and escalating costs.In May 1973, the deposit was purchased by Climax Molybdenum Corporation of British Columbia, Limited and in 1979 transferred to affiliate Amax of Canada Limited. In early 1979, following completion of detailed feasibility studies, Arnax commenced construction of the 10 900 tonne per day Kitsault mine and mill complex based on a mineable open pit reserve of 95 million tonnes at an average grade of 0.192% Mo~, sufficient for a mine life of 25 years. The original capital cost estimate was $143 million; it subsequently escalated to approximately $200 million."

Jan 1, 1995

By J. M. Wolverton

CONSIDERABLE interest has always been taken in Safety-First and First Aid at the Sullivan mine. Even during the early days of development, Safety-First committees periodically held meetings, while lectures in first aid were given to any employees interested in the work. In 1929, a Safety Department was organized, and all accident-prevention and first-aid work was put in charge of a full-time Safety Engineer. An extensive programme has gradually been developed, the value of which can best be indicated by the reduction of the accident rate from 18.4 shifts lost per 1,000 shifts worked for non-fatal accidents and two fatalities for 1927, to 3.24 shifts lost per 1,000 shifts worked and no fatalities for 1936. SUPERVISION All work connected with accident prevention or first aid is under the jurisdiction of a central committee, known as the Accident Prevention Committee, which meets regularly once a month. It consists of all superintendents, department heads, foremen, and shift bosses, and is presided over by the Safety Engineer. At these meetings, the accident records of the previous month are reviewed and all accidents carefully analyzed and discussed. All proposed changes in the safety rules or in the accident tprevention programme are taken up and passed upon. Complaints or suggestions from the Safety-First Committee and the Employees Co-operative Committee, dealing with safety, are discussed and passed upon or a subcommittee is appointed to investigate and take any action found advisable. The question of underground ventilation and dust control, which recently has become a very important problem, always receives considerable attention.

Jan 1, 1937

By R. L. Christie

"THE ISLANDS lying north of the Canadian mainland, and the large Boothia and Melville peninsulas, form one of the great archipelagos of the world; this sparsely vegetated and nearly unpeopled region extends about 1,500 miles east to west and 1,200 miles from the mainland to the northern tip of the northern-most island. Sea access to most of the islands is restricted by ice to the summer season, and the 'polar pack' ice of the Arctic Ocean presses the year round against the northwest margin of the archipelago. Although the region is remote, the accessibility has greatly increased through a network of weather stations, airfields and air routes connecting with southern centres.The area considered in this paper is that part of the island region underlain mainly by sedimentary rocks. In broad terms, this includes the land and sea areas of the archipelago and the adjacent continental shelf, but excludes the dominantly 'Shield' terrain of Baffin Island, and of Melville and Boothia peninsulas. An impression of the size and potential of this sedimentary region may be gained by comparing some areas: the land area of islands underlain mainly by sedimentary rocks is over 300,000 square miles or about 50,000 square miles greater than the area of Alberta. The total area of the region, including the continental shelf and the inter-island areas, may be double this figure, and may approximate one-seventh of the land area of Canada."

Jan 1, 1970

By E. L. Warburton

Before entering into a discussion of wet washing, it will be advisable to consider the various phases and conditions sur- rounding the problem of cleaning coal from the Corbin mines. Corbin is located in the south-east part of British Columbia in the Crowsnest Pass district, about 35 miles north of the International boundary and about three miles west of the Flat-head Range of the Rocky Mountains. It is reached by a rail-way, about thirteen miles long, from McGillivray, B.C., a point on the Crowsnest branch of the Canadian Pacific rail-way, owned and operated by the Eastern British Columbia Railway Company, a subsidiary company of Corbin Coals, Limited. The coal is assumed to occur here, as principally elsewhere in the Rockies, in the Kootenai series of the Lower Cretaceous, but owing to the disturbed condition of the surrounding country and, therefore, the magnitude of the geological study involved, this has never been definitely worked out. The coal is of the usual Crowsnest high-grade steam-coal, containing from 9 to 12 per cent. of ash, but appears to have 4 to 5 per cent. less volatile combustible matter than other coals being mined in this district, a representative analysis being about as follows:

Jan 1, 1924

By S. Ross, M. Mayhew

"Kirkland Lake Gold introduced battery equipped vehicles (BEVs) at the Macassa Mine in 2011. The fleet of underground BEV haulage trucks and loaders has grown over the years to over 30 units, the world’s largest, currently handling approximately 80% of the daily production tonnage. The inflow and outflow of air occur through a limited number of relatively small openings, which limits the air volume delivered to the underground workings. In addition to improving air quality, the reduced heat load generated by the BEV (when compared to diesel equipment) had a significant positive impact in the workplace. The use of BEV for material handling has enabled increases in production that would not have been possible using diesel equipment.INTRODUCTIONMacassa mine was developed as a track-drift access mine, with the most recent shaft (#3) sunk in 1986. A new mining complex, the South Mine Complex (SMC) was discovered below the 5025 foot elevation south of traditional mining areas, and the majority of mining now occurs in the SMC. The discovery of that zone has led to an internal ramp which is used to access the SMC and haul ore to #3 shaft.The amount of airflow that can be moved through the mine is limited by the existing infrastructure to surface. This amount was recently increased to near its practical maximum from 118 CMS (250 kCFM) to 151 CMS (320 kCFM).Both diesel and electric equipment are used at Macassa. Tethered Load-Haul-Dump Machines (LHDs) have been replaced with Battery Electric LHDs, due to their increased mobility and depth of the mine. Battery trucks continue to replace locomotives to transport both ore and waste to the shaft, as mining has transitioned from tracked levels to trackless level and haulage has transitioned from horizontal levels to an inclined ramp.EQUIPMENT FLEET AT MACASSAMost of the primary material movers utilized at Macassa Mine are battery operated. As the mine goes deeper the battery technology will continue to be critical to the success of the operations. With over 300,000 hours of proven operation success, the battery technology and equipment will continue to be a major part of Macassa’s future."

Jan 1, 2019

By R. B. Humphrey

Cut-and-fill mining methods at the Thompson Mine have undergone significant changes since production began in 1961. Changes have been introduced in almost all aspects of the mining operation, from the original timbered chutes and air-operated slushers to the present-day bored raises, footwall ore passes and load-haul-dump units. This paper describes the evolution of mechanized cut-and fill mining methods, highlighting the changes in design for stopes and service openings, ground support methods; hydraulic filling and ventilation systems. A mechanized stoping area is described from the initial mining concept through design, development, construction and mining cycles.

Jan 1, 1979

The effect of long term exposure of full size bolts to corrosive environments is presented. A special test rig was used to test four bolts under different loading conditions. Four, X-grade identical profile bolts, each of 21.7 mm core diameters (23.7 mm full diameter) were subjected to prolonged corrosion testing using acid sulphate water. The pH value of the circulated water varied between 3.4 and 4.3. The corrosion exposure test period lasted three and half years. Two bolts were axially loaded to 10 and 20 tonnes force respectively, the third bolt was subjected to a 360 Nm torsion load and the fourth bolt was left unstressed to act as a reference bolt. After the test period ended, the bolts were stripped of their corroded coatings and weighted for weight loss. The diameter of each bolt was subsequently measured, and the loaded bolt samples were first tested non-destructively for tensile cracks and then tested for tensile failure. No cracks were found on post corrosion bolts tested non-destructively. The failure strength reduction on all four post-corroded bolts was significant, varying between 21% and 39%. The onset of corrosion was not confined to the targeted mid-section length of the bolt, however, the severest corrosion occurred at the anchored ends of the bolts.

Aug 1, 2013

By J. M. Livingstone

"This paper covers some of the problems confronted by Canada's railways in moving bulk materials from their source to the dock-site. The ""cost center"" concept is presented, and hypothetical examples of its use given. Also discussed are systems design, the unit train and pipelines.INTRODUCTIONCANADA LIVES BY RER EXPORTS and the Port of Vancouver by the exports of the Mountain and Prairie Empire at her back. The most recent estimates of off-shore shipments of bulk from the Port of Vancouver rise to 35.8 million shipping tons in 1985 and deep-sea general cargo estimates, in and out, are estimated at 7.6 million shipping tons for the same year. This compares to 7.67 and 2.87 million shipping tons, respectively, in 1965."

Jan 1, 1968

By I. V. Kojo

Continuous development of technologies has been self-explanatory for Outokumpu Technology's engineers for decades. The aim in the development has always been the improvement of profitability of the copper production but also the sustainability of the processing i.e. high copper recovery, low external fossil based energy utilization, high emission captures and of course low operation and investment costs. Outokumpu Technology's long-term view of the development is a change towards continuous processes and elimination of number of unit operations in smelting i.e. elimination of possible sources of emissions. Outokumpu blister smelting processes i.e. Outokumpu Direct-to-Blister Flash Smelting and Kennecott-Outokumpu Flash Converting have shown excellent operational results during the years of operation and it is expected that soon more than 10 % of the world primary copper is produced by these technologies. The paper will give some background of this development trend.

Jan 1, 2007

By Mike Broczkowski, Laura Dewhirst, Kieran Large, Angelo R. Fernando, Heather Daigneault, Jim Johnson, Randy Wiens

The radioactive isotope radium 226 is a contaminant of potential concern in effluent waters from metal mining operations in Canada. Acceptable release levels of radium 226 are governed by Metal and Diamond Mining Effluent Regulations. Since radium is invariably present as a companion element in uranium ore, monitoring and controlling of radium 226 is a must for uranium mining operations. Measurement of radium 226 is traditionally carried out through a radiochemical technique involving selective co-precipitation of radium with barium sulphate followed by alpha spectroscopy for quantification. As of 2010, Cameco has also been using an ICP-MS based radium analysis method developed in collaboration with a research team at Trent University, Peterborough, Ontario. This method, which is highly automated and requires significantly less sample handling, with improved turn-around-times, is being used by Cameco site laboratories at the McArthur River and Cigar Lake mines as well as the Port Hope Conversion Facility. This paper compares the benefits and drawbacks of this new method, compared to the traditional alpha counting procedure drawing from almost ten years of field experience.

Jan 1, 2020

By Robin Phinney

Certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, pe1formance or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this presentation, such statements use such words as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate" and other similar terminology. These statements reflect the Corporation's current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessa1ily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including, but not limited to, the factors discussed in the Corporation's annual information form filed on March 9, 2011. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, including environmental approval, the failure to secure full project financing, the failure to implement the recommendations set out in the Technical Report, the failure to raise financing to implement the recommendations in the Technical Report, risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production, reserves and resources, costs and expenses; and health, safety and environmental risks), decrease in potash prices and exchange rate fluctuations. Although the forward-looking statements contained in this presentation are based upon what management of the Corporation believes are reasonable assumptions, the Corporation cannot assure shareholders that actual results will be consistent with these fonvard-looking statements. These fon\?ard-looking statements are made as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Corporation assumes no obligation to update or revise them to reflect new events or circumstances. This presentation is a market update based on the Corporation's public disclosure and does not form a part of any offer of securities, or constitute a solicitation of any offer to purchase or subscribe for securities. Any purchase of securities in the company should be made solely on the basis of information contained in the Corporation's public record which is available on www.sedar.com .

May 1, 2013