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By R. S. Bowman, G. S. Austin, J. M. Barker, P. S. Freeman

The physical, chemical and mineralogic characteristics of zeolites allow commercially important applications. While adoption of zeolite technology is slow in the United States compared to other regions of the world, continued testing and research has shown a wide range of uses for these minerals. They are important catalysts in petroleum refining, molecular sieves able to separate gases, and chemically inert carriers of reactants. The zeolite clinoptilolite produced by St. Cloud Mining Company (clino) (SC) is used in animal hygiene and animal feed, especially concentrated animal feeding operations (CAFOs), horticulture, water treatment, floor dry, aquariums, air and other filters, and odour control. Clino can remove cations from solution, and surface-modified zeolite (SMZ) is a sorbent for the removal of anions and neutral organics from water. Specific clino applications are: control of chemical pollution in groundwater, removal of organic compounds from oil field waters, and elimination of pathogens from sewage effluent. Combining the sorption capabilities of SMZ with chemical or biological transformations can yield complete removal of toxic materials from contaminated water. Continued development and marketing of zeolite products will be a growth market far into the future. The CAFO market for zeolites is the most significant growth area in the United States over the next few years. SMZ, currently less than 1% of St. Cloud sales, will continue to gain market penetration for many years.

Jan 1, 2004

By B. Dubé, R. Friedman, J. Oliver, R. Aubertin, M. Burson, G. Panneton, M. Hamilton, J. Ayer

"The Detour Lake gold deposit is located within the northwestern limit of the Archean Abitibi Subprovince of the Superior Province. Mineralized zones are hosted by a sequence of pillowed and massive flows, hyaloclastite units, and altered ultramafic rocks, and are commonly oriented parallel to a series of high-strain zones that are co-planar to the regional-scale Sunday Lake Deformation Zone. Early in its kinematic history, the Sunday Lake Deformation Zone placed older (2.72 Ga) volcanic rocks of the Detour Lake Formation over younger (2.70 Ga) sedimentary rocks of the Caopatina assemblage. Gold mineralization is also parallel to the position of a laterally persistent siliceous rock unit, the 2.725 Ga ‘Chert Marker Horizon.’ The Chert Marker Horizon coincides with the boundary between the mafic-dominated upper Detour Lake Formation and the ultramafic-dominated lower Detour Lake Formation. Stratigraphic and geochronological data suggest that the Chert Marker Horizon is a deformed felsic volcaniclastic unit. At a cut-off of 0.6 g/t Au, the Detour Lake deposit contains 17.26 million ounces of Au within 445.9 million tonnes of rock grading 1.20 g/t Au. Gold occurs in shear-hosted and extensional vein arrays within rocks of the upper and lower Detour Lake Formation and within the Chert Marker Horizon. The Detour Lake deposit has many of the characteristics of a greenstone-hosted, quartz-carbonate vein deposit; its very large size may be attributed to large-scale rheological controls resulting in the formation of dilatant sites in permissive rock units."

Jan 1, 2012

By Larry A. Lien

"A brief summary of the different membrane separation options currently available to the mining industry will be presented and discussed. The processes described involve operating membrane plants on the following applications: pregnant leach solutions (PLS) in the copper and gold industries, fractionation and concentration of metals and acids in refineries, and wastewater treatments to meet state-of-the-art surface discharge criteria.Included is a specific discussion on cost savings resulting from an operating membrane treatment system of nearly 3,500 m3/hr barren water relative to the prior, conventional precipitation practice at a major heap leach gold mine. This Engineered Membrane Separation® (EMS®) plant has produced water for six years that has met all standards for direct discharge into the environment, and captures and returns to the operation valuable minerals and solvents which were not previously being extracted in the Merrill-Crowe process.INTRODUCTIONMembrane technology has been available for more than 35 years, but has been used sparingly in the mining industry. However, recent developments in polymer chemistry, spiral-wound element design and construction, water clarification pretreatment equipment and techniques, and an expanded understanding of membrane fouling and cleaning techniques have dramatically improved the reliability and robustness of membrane-based systems for potential use by the mining industry.In the past 15 years large operating plants have successfully demonstrated the use of this “new” membrane technology to include the separation of pay-metals from large-volume acid and cyanide heap leach mining solutions containing copper, zinc, gold and silver. Moreover, variations on these same membrane technologies are ideally suited to fractionations that add value to processing fluids from refineries, like separating metals from acids or concentrating acids and producing high-quality process fluids."

Jan 1, 2010

By Jean Cayouette

"In 1995, Louvicourt Mine started one of the first paste backfill operations in Canada. From 500,000 tonnes in 1995, the annual paste backfill tonnage produced reached 800,000 tonnes in 1999. The maximum throughput of the surface plant (including binders) is 3,50Ot/d with a final density of 75 to 76% solids which gives a slump of 15 to 17cm. Following the start-up of the paste backfill plant, the backfill strength performance levels were well below the pilot plant’s predictions. The introduction of ferrous slag, laboratory tests on various binder ratios with or without additives, and the desliming of the tailings enabled us to optimize the mix and operation costs. Primary and secondary stopes are filled respectively with a paste containing 4.5% and 2% binders consisting of a mixture of 20% cement and 80% ferrous slag. In certain stopes, the binder ratio may vary from 2 to 7%, but always in a ratio of 80/20. Six years after start-up, or 4.5mt of paste backfill later, this paper discusses the present operation and the major changes that have occurred over the years to optimize both the operation and the paste fill quality.INTRODUCTIONLouvicourt Mine is operated by Aur Resources Inc. which owns 30% of the shares. Its partners are Novicourt Inc. (45%, subsidiary of Noranda Inc.) and Teck Corporation (25%). The mine is located in the north-west part of Quebec, about 600 km north of Montreal and about 25 km east of Val d’Or. The mine commenced commercial production in July 1994."

Jan 1, 2002

By Keith Merriam, Jim McDonnell, Peter Radziszewski, Rob Rotzinger, Ian DeHart

"Taseko Mines Limited Gibraltar copper-molybdenum mine recommenced operation in 2004 with the initiation of a series of development projects to increase throughput capacity as well as modernize the mine.In the second staged development project, a VTM-1250-WB regrind mill was selected to replace the existing conventional ball regrind mill to achieve a target grind size of 80 % passing 45 µm. In the third staged development project, a second VTM-1250 regrind mill was selected for installation in Concentrator #2, to match the existing Concentrator #1 Vertimill. This resulted in approximately 25% spare regrind capacity in the Concentrator #2 design, complete spare parts interchangeability and potential future expansion capacity to 50,000 t/d with no circuit upgrades.In this context, a study was initiated to assess not only the performance of a Vertimill grinding circuit processing a copper concentrate to a particle size of 80% passing 17 µm but also to provide Taseko’s New Prosperity project specific design information for grinding to particle sizes below 80 % passing 25 µm.The objective of the work described in this presentation was to explore Vertimill ultrafine (sub 100 µm) grinding test methodologies at both the lab and pilot scales, compare the scale-up data with operational data from the VTM1250 at Gibraltar Mines and subsequently apply this information to particle sizes down to 80% passing 17 µm. The presentation will describe the results obtained preceded by a description of the Gibraltar regrind circuit historical operation and operational performance as well as a description of the Vertimill technology.INTRODUCTIONTaseko Mines Limited is a mining company headquartered in Vancouver, British Columbia, Canada. In addition to mining development projects for copper, copper-gold, gold, and niobium properties, Taseko Mines is seventy-five percent owner and the operator of the Gibraltar Mine near Williams Lake , British Columbia. Taseko Mines Limited’s Gibraltar copper-molybdenum mine recommenced operation in 2004 with the initiation of a series of development projects to increase throughput capacity as well as modernize the mine.Metso is a leading process performance provider, with customers in the mining, oil and gas, and aggregates industries. It has corporate headquarters in Helsinki Finland, offices in 50 countries and manufacturing facilities on five continents. Amongst other types of equipment and services, Metso designs and manufactures VERTIMILL® (VTM) Grinding Mills."

Jan 1, 2015

By R. A. Hill, J. D. Pitts

"Long distance slurry pipeline systems have been successfully trans-porting steam coal, iron concentrates, copper concentrates and limestone for an aggregate of nearly 60 years and nearly three billion ton-miles annually. A phosphate concentrate pipeline is nearing start-up and systems for coking coal, lead/zinc concentrates and fly ash are planned. The solids pipeline concept, first patented in the early 1900's and commercialized in the 1950's, is now a proven technology providing an economic, environmentally pleasing and safe method for long distance bulk transport.The challenge for larger tonnage and longer distance movements of solids, for traversing increasingly rugged terrain in grass roots mineral developments, for transporting untried materials and for shipping more economic forms of proven materials still remains. This has necessitated continued refinements and optimization of the technology. The economic and environmental incentives for slurry pipelines when compared to other transport alternatives has justified substantial activity in this area. The scope of planned systems in coal, iron and other minerals is indicative of the firm place slurry pipelines will have in worldwide mineral development.In this presentation, the state-of-the-art in long distance slurry pipelines is reviewed with a focus on major systems of interest to the mineral processing industry. An overview of new developments in the application of this concept is presented, and finally, a projection of the future of pipelines in mineral development both worldwide and in Canada is discussed."

Jan 1, 1978

By J. F. Archibald

A research effort has been undertaken, under Workplace Safety and Insurance Board of Ontario (WSIB) sponsorship, to characterize the support capabilities of conventional and innovative spray-on lining materials for mitigating dynamic failure effects created by simulated rockbursts. Conventional spray support media, such as shotcrete and fibrecrete linings, and a variety of new spray-on lining materials [thin, spray-on liners (TSLs)], typically polymer-type thin coatings, were subjected to simulated rockburst influence. For baseline comparison, conventional rockbolt and bolt-and-mesh support products were also evaluated. Observation of lining performance was undertaken through completion of field-scale support and rock detonation trials. Controlled blasting tests were conducted at the Queen’s University Explosives Laboratory to examine the effectiveness of the variety of surface coating agents for modifying dynamic rock spalling processes. All tests were performed upon largely undisturbed and homogeneous rock materials in highly repeatable fashion. All blasts were observed seismically and photographically to provide detailed information concerning rock motion, surface fracturing, ejected fragment motion and support liner survivability characteristics. These material comparison trials were performed to assess the relative effectiveness of a wide range of currently available area support techniques for suppressing hazards associated with dynamic rock ejection. The results of this study validate that thin, spray-on linings may be equally as effective, and often better, than conventional support materials at mitigating rockburst or like damage in highly stressed mine environments.

Jan 1, 2004

By Donald Leroux, Asim Tuzun, Simon Gariépy, Luc Lachance, Hayley Halsall-Whitney

"The importance of coherent material balance results has long been recognized by mining and metallurgical companies. Although this is still true nowadays, various stakeholders are increasingly concerned about the origin and the accuracy of the reported numbers. The last decade has shown that most metallurgical accounting concerns can be addressed by making two important changes to plant performance monitoring practices. First, introducing data redundancy into the metal balance procedure allows the estimation of measurement errors. Second, the migration from spreadsheet-based to relational database based systems brings transparency, data integrity, traceability and auditability into metallurgical accounting. Relational databases also facilitate the production of reports that metallurgical accountants must issue routinely. Recognizing the caveats of the spreadsheet-based metal accounting method they had been applying for years, Strathcona decided to switch to a commercial relational database system in 2008. For the most part, the migration was seamless. Some challenges were raised but they could all be overcome and outweighed by benefits gained from day-to-day utilization of the system.INTRODUCTION Metal accounting (Morrison, 2008) has always been essential to high-quality corporate governance of mining and metallurgical companies. Although the importance of coherent material balance results has long been recognized, various stakeholders are increasingly inquisitive about how the reported numbers were obtained and how much accuracy can be attributed to them. This accrued scrutiny is obviously no stranger to the corporate governance tightening that happened through the years in response to outrageous accounting scandals. It is also in continuity with securities laws (such as NI-43-101 in Canada) that were passed to protect the public from other market fraud. Recognizing the importance of spotless metal accounting in their reports to the public, a group of global mining companies gave AMIRA International the mandate of developing a set of rigorous yet practical metal accounting guidelines for the mining and metallurgical industry. The AMIRA P754 project was launched in 2004 and the first version of the resulting Code of Practice was released the following year. Since then, the Code was reviewed twice and revised releases were issued (AMIRA, 2007). While some parts of these guidelines are in continuity with current commonplace practices, other parts recommend changes to inherited practices that may be significant. For example, they highlight the importance of data redundancy (Lachance & Flament, 2011) which in many operations is either already available but unexploited or achievable with reasonable efforts. These guidelines also stress the importance of state-of-the-art metal accounting systems, such as those based on relational databases, which are secure and entirely auditable by a Qualified Person. Because most spreadsheet software packages allow data and formulae to be modified at any time, without a trace and anonymously, they do not meet these requirements."

Jan 1, 2012

By M. Sharafodin, A. A. Hassanipak

Abstract - The essential aims of additional borehole drilling are to improve the reliability of grade and tonnage estimates in each reserve class and to increase ore tonnages. The "GET" function presented in this paper considers strategies for achieving both of these goals simultaneously, and therefore is advantageous for selecting sites for additional boreholes. The "GET" function is either a linear or a non-linear product of three variables G, E, and T: f(G,E,T,) = G??E??T??where the values of any or all of the exponents ?, ?, and ??may differ from unity at the discretion of the user. G and E are the average estimated block grade and the average estimation error for ore blocks in one vertical column, and T is the compounded ore thickness within the column. To illustrate its utility, the GET function has been used for determination of the most advantageous sites for additional drilling in the Shah-Kuh Pb-Zn deposit in west central Iran.

Jan 1, 2004

By B. Stimpson, K. Kosar, K. Barron

"A number of high wall failures have occurred in some of the Alberta coal strip mines of a type called by the authors ""Multiple block plane shear slope failure "". They cause rapid deterioration of the dragline bench, reduced productivity and maintenance costs.The failures are invariably associated with the presence of almost horizontal (± 5 degrees) bentonitic clay bands in the overburden, often immediately above the coal seam, and regress behind the slope as a series of tension cracks which isolate detached blocks. As many as 17 sets of cracks have been observed, at lateral distances in excess of five times the slope height from the toe.The theory of this mode of failure is presented and a limiting equilibrium computer program which will produce deterministic or probabilistic (Monte Carlo) solutions is briefly described. A case history of one such failure is documented. It is shown that the extent of the regressive failure is exceedingly sensitive to the water table elevation, leading to the conclusion that drainage, if practical, represents the best control strategy. IntroductionA number of high wall slope failures are occurring in some of the coal strip mines in Alberta of a type called by the authors ""Multiple block plane shear slope failure""(I). These failures cause a rapid deterioration of the bench from which the dragline operates, reduced productivity, and necessitate conregresses into the slope as a series of tension cracks and detached blocks. As many as 17 prominent cracks or crack zones have been observed, the last being in excess of five times the slope height distant from the toe.The block between each pair of cracks must be at limiting equilibrium, i.e. the factor of safety equals one. This condition can be used to determine the locations of the cracks which develop in sequence behind the face."

Jan 1, 1986

?Why TSM in Canada ?How it was developed ?Architecture and Goverance ?COI panel ?Performance indicators and how they work ?External Verification ?Reporting ?The national organization of the Canadian mining industry ?Mining, smelting and refining of base and precious metals ?Mining of iron ore, diamonds, uranium, oil sands, coal and industrial minerals ?Many associate members ?www.mining.ca

May 1, 2011

By H. Warren Newcomen

Assessments of the stability performance of open pit highwalls have traditionally been based on consideration of surface movement rates. Although generally accepted in industry, this approach presents challenges for establishing appropriate threshold values to allow for safe mining operations and does not address the issue of total strain. Surface movement monitoring data from a limited number of open pit mining operations in North and South America has been evaluated in terms of highwall strain, rock mass quality and inferred mechanism of instability. Threshold strain levels for key stages of highwall stability proposed from previous work have been reviewed and are generally endorsed based on evaluation of additional data. An empirical highwall strain criteria for the assessment of highwall stability performance is postulated based on the observed trends in highwall strain data from the case histories presented.

May 1, 2004

By Michel Doyon

Canadian Context: Exploration ??Space Exploration is within the unique mandate of the Canadian Space Agency ??Global partnerships ??Maintain close relationship with our partners ??New knowledge in S&T ??Retain and attract highly qualified personnel ??Participation in missions leads to design roles in industry and academia ??Collaboration between government laboratories, industry and academia

May 1, 2009

By Michael Harley, E. Guy Charleworth

"Bedding-parallel thrust-hosted gold veins are developed in the Sabie-Pilgrim's Rest goldfield, eastern Transvaal, South Africa. The reefs display a complex history characterized by temporally and spatially overlapping events of similar mineralization and deformation. Recognition of the episodic reactivation of these low angle (5° to 10°) thrust faults implicates high fluid pressures (equalling or exceeding lithostatic pressures). Geochemical constraints limit the amount of fluid-rock interaction and the occurrence of transgressive mineralization within the Archaean granitoid basement suggests that the high pressure fluids originated at depth beneath the Transvaal Basin.Similarities exist between gold deposits of Sabie-Pilgrim's Rest and Telfer, Western Australia as well as Passagem de Mariana, Minas Gerais, Brazil. All deposits are sub-parallel to the enclosing bedding which is shallowly inclined. Furthermore, they are also hosted by contractional deformational structures and are clearly epigenetic in origin."

Jan 1, 1994

By P. G. Semple

"In January 1985, Equity Silver Mines Limited began operation of a cyanidation circuit to scavenge precious metals from the flotation tailings. At present, this process is treating 270,000 tonnes of tailings per month and is recovering in excess of 0.20 grams of gold per tonne. To obtain these results Equity is operating a carbon-in-leach circuit that utilizes pressure stripping, zinc precipitation acid washing and thermal reactivation. A cyanide destruction circuit is also required to minimize the deleterious effects on reclaim water in the flotation stage. This paper describes the existing scavenger plant, and details the start-up problems encountered and the modifications made to correct these problems.INTRODUCTIONEquity Silver Mines Limited , a 68% owned subsidiary of Placer Development Limited , is located 38 km southeast of Houston in north central British Columbia. The geographic location of Equity Silver Mines is shown in figure #1. In September 1980, production first began with the ore being supplied from the Southern Tail open pit. In March 1984, the Southern Tail deposit had reached its economic pit depth, and since then ore has been supplied by the Main Zone pit the gold mineralization in the Main Zone is less refractory than the Southern Tail and cyanidation of the flotation tailing appeared to be a viable alternative.An extensive test program was undertaken and the results confirmed that considerable gold and silver values were amenable to cyanide leaching. A feasibility study showed that these values could be economically recovered and the detailed engineering work began."

Jan 1, 1987

By Robert E. McIvor

The Functional Performance Equation for Ball Milling” was first presented in 1988. It now has been used successfully in more than a dozen mineral processing plants. This powerful, yet simple tool provides a new level of understanding of closed circuit grinding. It shows how grinding circuit efficiency is in reality comprised of two distinct efficiencies. It demonstrates how circuit production rate is related, collectively, to these two efficiencies, mill energy input, and the grindability of the ore. It links circuit performance to design and operating variables that can be manipulated, and creates an effective strategy for making plant improvements. This paper covers the derivation and industrial validation of this equation. As part of an engineering and management system that also incorporates suitable metrics and process control, other operators can now use this tool to make improvements and to manage the performance of their grinding operations with clarity and confidence.

Jan 1, 2005

By Paul Staples, Paul Messenger, Greg Lane

"Every project is different. While “conventional” SAG and ball mill circuits will suit many projects, for others there are alternatives, which may produce improved outcomes. This paper examines particular examples of recent front end designs which either went against conventional thinking or which employed “out of the box” thinking to realize the desired results.One such example is the design strategy employed for a small capacity gold plant in Victoria, Australia. The selection of HPGR technology for small capacity projects is not generally favoured, given the relatively high cost of small HPGR machines. However, the unusual size distribution of the gold and its liberation characteristics were expected to lead to improved gold recovery offsetting the higher capital cost.Another example is the first large scale application of milling in acid for copper recovery, at a project in south east Asia. The stainless steel, single stage SAG mill using ceramic grinding media was more expensive than a mill constructed of conventional materials. However, the steps of scrubbing, slurrying, grinding and leaching could all be achieved in a single unit operation and the need for thickening and repulping with acid after milling was eliminated.Rod mills were selected for both primary and secondary milling duties for another south east Asian project despite their somewhat outdated reputation. A review of previous industry experience confirmed that rod mills could outperform conventional rod/ball or SAG/ball circuits in cases where the size distribution of the ground product is critical to downstream recovery.These examples are discussed with particular focus on the key drivers in each case."

Jan 1, 2008

By G. Cordingley, A. Mwanza

Lumwana is an open pit Copper mine located in the Northwestern Province of Zambia approximately 80 km west from the provincial capital of Solwezi, approximately 300 km northwest from the Copperbelt and 700 km northwest from the national capital of Lusaka. The mine has two major Copper deposits: Malundwe and Chimiwungo. Copper mineralization includes Chalcopyrite, Bornite and Chalcocite. In addition to Copper, these deposits also contain the undesirable element Uranium contained in vein hosted and disseminated Uranite. The processing plant was designed using conventional technologies: semi-autogenous grinding (SAG) and ball mill for grinding, and mechanical cells for rougher and cleaner flotation. Soon after commissioning in early 2009, it was recognised that two stages of conventional cleaning were unable to produce plant final Copper concentrates with the desired Uranium grades. Studies have shown that a significant quantity of liberated and fine Uranium particles (up to 80-90%) is recovered with the concentrate by entrainment. Lumwana Operations sought the use of the Jameson Cell technology after observing successful implementation at other sites in rectifying similar issues. In late 2009, Jameson Cell pilot-plant test work was conducted at the site and this quickly led to the installation of a full-scale B5400/18 model into the existing cleaner circuit. Inclusion of the Jameson Cell resulted in the plant being able to effectively produce clean and saleable concentrate with Uranium contents consistently below acceptable levels. Initially designed to be used as a cleaner scalper cell at the head of the existing conventional cell circuit, subsequent operational issues with the existing recleaner cells forced reconfiguration of the cleaner circuit and reintroduced the Jameson Cell for the recleaning duty. This paper reports the Lumwana Operation from the first two years of operation where it struggled to produce a saleable concentrate with Uranium grades below 150 ppm, which is the maximum allowable limit set out in the smelting contracts, to steps taken in the subsequent years to implement a satisfactory solution. The plant can now consistently produce a clean Copper concentrate with Uranium grades well below 130 ppm and the overall improvements implemented at site have seen the overall plant recovery improve by 1.3%.

Jan 1, 2014

By R. Barbaroux, B. Dubreuil, D. Lemieux, K. Nasrallah, G. Garcia Curiel

"As conventional, base or precious metal ores are being depleted worldwide, the mining industry is being faced with an increasing exploitation of arsenical sulfidic ores. Enargite is a common example. The downstream processing of these ores poses several problems ranging from high smelter penalties to finding economical and environmentally acceptable means of disposing of the arsenic. Several hydrometallurgical processes have been proposed for extracting arsenic from enargite concentrates, notably using alkaline sulphide leaching (ASL). However, few alternatives exist for removing the arsenic from solution and stabilizing it in an approach that is both economical and environmentally acceptable.Dundee Sustainable Technologies (“DST”) has developed a technology for the sequestration of arsenic by vitrification. Originally optimized to cost-effectively stabilize arsenic trioxide (As2O3), DST has shown that vitrification could be successfully extended to the stabilization of other arsenical products, such as calcium arsenate (Ca3(AsO4)2) and sodium arsenate (Na3AsO4). In this paper, the vitrification of arsenic in the context of an enargite leaching was newly explored and demonstrated successfully.Two processing routes are being proposed by DST for the removal of arsenic from enargite concentrates and their stabilization by vitrification. In one route, arsenic is extracted by ASL and is then precipitated under atmospheric conditions and with minimal use of reagents and time. The resulting precipitate is an unstable hydrated ferric arsenate (FeAsO4•2H2O) that is then vitrified in a non-dilutive method, significantly increasing the stability of arsenic and meeting the TCLP guideline. Unlike is required for scorodite, stabilization was successfully achieved without concern for the crystallinity of the precipitate."

Jan 1, 2017

By Hans von Michaelis

"INTRODUCTIONThe renaissance in gold and silver recovery technology has continued to unfold and it is appropriate to review some of the useful new technologies as well as try to identify some of the industry's future needs and frontiers.The remarkable strengthening in the US dollar has resulted in a relatively low gold price in US Dollars of around $310/oz at the time of writing and silver at $6.25/oz. This general softening in the dollar prices and the recent confusion as to environmental compatibility of cyanidation tailings and effluents, has led to a slowdown in announcements of new operations. Another reason for the slackening off in the USA is that in the past few years a large part of the capital has come from oi I and gas companies that now seem to be losing interest in mineral ventures, and foreign investors for whom the dollar is becoming out of reach. In the author's opinion this represents an unprecedented window of opportunity.Elsewhere in the world where local currencies have weakened, the price of gold is at or close to its all time high.For example, in South African Rands, the gold price was R571.00/oz when the rand was US$1.47 and the gold price reached US$800. Now at US $309/oz and with the Rand at US$0.51 = Rl .00, the local gold price is R600. The price of si Iver in Mexican pesos is not much less than it was when silver reached US$50/oz. Gold, and silver prices in local currencies outside North America are still buovant and at levels where additional investment in new projects is more encouraging.Even in Canada where the dollar is worth about US$0. 75, this provides a smaller but significant cushion compared with US operations. Considering the present strength of the US dollar and even the Canadian dollar relative to many other gold producing countries, there should be significant investment opportunities at today's prices. Mining companies have started to descend on Brazil, for example, where in a matter of just a few years annual gold production has increased from 10 to 70 tons. In South Africa, a Canadian company backed by Swiss financing has been able to take over a Witwatersrand gold mining operation and is installing a huge new tailin9s retreatment plant to process about 1 million tons per month of tailings."

Jan 1, 1985