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By Gabriel Voicu, Marc Bardoux, Ross Stevenson, Nuno Machado, Jean Lafrance

"Abstract - Paleoproterozoic gold is found in two different volcano-sedimentary sequences and intrusive bodies separated by 600 km within the Guiana Shield. The 2148 Ma St-Élie granite intruded volcanic-arc sequences of the Paramaca Group, whereas the 2096 Ma Omai stock penetrated backarc/ island-arc sequences of the Barama-Mazaruni Group. Positive ?Nd values suggest that both suites lack Archean crustal contaminants, which is consistent with an origin in an oceanic arc setting.The St-Élie deposit is characterized by quartz-dominant vein systems with minor metallic minerals, represented chiefly by pyrrhotite and pyrite. Biotite, calcite, and chlorite are the main gangue minerals. The alteration haloes at St-Élie feature a strong potassic zone, which is absent at Omai. The ore-controlling structures are ductile and the vein emplacement is related mainly to contemporaneous, high-angle ductile shear zones. The St-Élie deposit formed at temperatures >350°C. The stable isotopes values are compatible with a magmatic or metamorphic source.The Omai deposit is characterized by quartz-dominant vein systems with minor metallic minerals, represented mainly by pyrite. Ankerite, scheelite, albite, and chlorite are common gangue minerals. The vein emplacement is syn- to post-deformation and it is related mainly to brittle shear zones with low-angle, stockwork networks and breccia zones. The Omai deposit formed in a temperature range between 250°C and 170°C, much lower than the St-Élie deposit. The stable isotope values are compatible with mixing between deep-seated fluids of metamorphic or magmatic origin with surface- derived fluids.These differences between St-Élie and Omai are interpreted in terms of their depth of formation. Alteration patterns, structural elements, and paragenetic assemblages indicate that the gold at St-Élie was most probably emplaced at a mesozonal depth, whereas the Omai setting yields evidence for epizonal conditions."

Jan 1, 1999

By P. A. Verhey

"This paper describes a series of wear-resistant ceramic materials which have been successfully used in the mineral processing industry in Canada. Applications include use with metallic ores, coal, potash and asbestos, and in other processes where wear degradation is of major concern. The paper will also deal with considerations involving the selection of the different ceramic materials available. It will cover the installation of ceramic materials on support structures under varying process ' conditions, as well as the other physical and chemical factors which have to be taken into account.IntroductionIn the mineral processing industry, large volumes of ores tailings and other materials are handled. The abrasive nature of most of these materials results in extensive wear to both handling and processing equipment.Wear ratios versus cost, production losses due to down time and wear-resistant material suitability for a given application all demand particular attention when viewed against the need for increased efficiencies in existing processes. As a consequence, a very active continuous search for materials with improved wear resistance has been carried out for many years.In this search, starting about 20 years ago, dense ceramic materials were tested and evaluated in certain applications, notably in the iron ore and asbestos operations in Eastern Canada. As a result of substantially better performance both in continuous extended life and ultimate economics realized , wear-resistant ceramic applications developed progressively in many other processing applications, replacing traditionally used materials.In the vast majority of wear-resistant ceramic applications, considerable extended life over previously used materials was established. This invariably was not just a fractional increase but, in most cases , in factors of double, triple and often all the way up to 18 and 20 times the life of alternative materials used previously. In certain applications, extended life could not be measured and appears to be indefinite.Obviously, as a result of such experiences, the progressively wider use of wear-resistant ceramic materials is now an established trend."

Jan 1, 1981

By D. A. Barr

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

Jan 1, 1980

By Mark W. Bartlett

Program Objectives ??Identify and implement a tool for haul truck drivers that: -Reduces or eliminates fatigue-related injuries and fatalities -Reduces accidents and equipment damage ??Following evaluation period, apply tool where most effective Why do We Need a Fatigue Monitoring Tool? ??Everyone has probably fallen asleep while driving ??Driver fatigue is a major source of property damage and serious haul truck serious incidents ??To protect ourselves from the other ?tired?driver ??To know when to ask for relief ??To know when we are seriously distracted from driving ??To measure improvements in sleep incidents based on shift changes and intervention ??To help prevent incidents like the following:

May 1, 2011

By W. Abdellah

Underground mine developments, such as haulage drifts and cross cuts, play a vital role in providing access to ore extraction areas for mine production. The stability of mine developments is thus of crucial importance during the life of a mine plan. Many Canadian mines use longhole mining methods or one of its variants. These methods require access to the orebody through mine developments such as haulage drifts and cross cuts on multiple levels. This paper examines the stability of mine development access intersections with respect to the planned mining sequence. A case study, the #1 Shear East orebody at Vale?s Garson Mine in Sudbury, Ontario, is presented. A three-dimensional, elastoplastic, finite difference model (FLAC 3D) was created for a development intersection situated 1.5 km below ground surface. The stability, or performance of the intersection, is evaluated in terms of the strength-to-stress ratio. The ratio threshold is set at 1.4 for temporary openings. Unsatisfactory performance is defined as a strength-to-stress ratio less than this threshold value. The performance of the intersection stability is evaluated at various modelled mining stages and the probabilistic method of analysis is then invoked to study the probability of unsatisfactory performance of the intersection. The results are presented and categorized with respect to probability, instability, and mining stage.

Aug 1, 2013

By James E. Rider

"Fractures in mine hoist drumshafts are rare. We know of no previously reported attempts to repair a fractured drumshaft; any feasible method would involve welding and the associated problems of distortion, crack formation and strength.In June 1984, a fracture was discovered in the drumshaft of the production hoist in the Teck Corporation, Lamaque Division Mine at Val d'Or, Quebec. Delivery time on a new shaft would have been at least six months. The shaft was repaired in ten days and the total out -of-service time was four weeks.This paper describes why the shaft failed, how it was repaired, and the special alignment procedures employed during re-installation to minimize stresses in the repaired area.IntroductionThe performance of a mine hoist drumshaft is absolutely critical to mine operation. An inoperable drumshaft means no hoist, which in turn means no production or mine operation.Fractures in mine hoist drumshafts are rare. Previously when they have occurred, no one has seriously considered attempting a repair because of problems involved. Any feasible method would involve welding, which raises several major problems - namely, metallurgical, alignment, and strength.In July 1984 this very situation occurred at the Teck Corporation, Lamaque Division Mine in Val d'Or, Quebec.It was recognized that a new shaft would take at least 6 months' fabrication and delivery time. However, having had some experience at repairing broken shafts in other machines under similarly desperate circumstances, and after due consideration, it was concluded that by applying the correct techniques and engaging the right expertise, it would be possible to perform a repair and have the mine back in operation within a month.Thanks to outstanding efforts by all, the repair was accomplished in ten days and total out-of-service-time was only four weeks. The causes of the failure were determined and the calculated stress levels confirmed by strain gauge measurement during operation.The success of this project was achieved by adhering rigorously to fundamental management and engineering principles."

Jan 1, 1988

By James E. Rider

"Fractures in mine hoist drumshafts are rare. We know of no previously reported attempts to repair a fractured drumshaft; any feasible method would involve welding and the associated problems of distortion, crack formation and strength.In June 1984, a fracture was discovered in the drumshaft of the production hoist in the Teck Corporation, Lamaque Division Mine at Val d'Or, Quebec. Delivery time on a new shaft would have been at least six months. The shaft was repaired in ten days and the total out -of-service time was four weeks.This paper describes why the shaft failed, how it was repaired, and the special alignment procedures employed during re-installation to minimize stresses in the repaired area.IntroductionThe performance of a mine hoist drumshaft is absolutely critical to mine operation. An inoperable drumshaft means no hoist, which in turn means no production or mine operation.Fractures in mine hoist drumshafts are rare. Previously when they have occurred, no one has seriously considered attempting a repair because of problems involved. Any feasible method would involve welding, which raises several major problems - namely, metallurgical, alignment, and strength.In July 1984 this very situation occurred at the Teck Corporation, Lamaque Division Mine in Val d'Or, Quebec.It was recognized that a new shaft would take at least 6 months' fabrication and delivery time. However, having had some experience at repairing broken shafts in other machines under similarly desperate circumstances, and after due consideration, it was concluded that by applying the correct techniques and engaging the right expertise, it would be possible to perform a repair and have the mine back in operation within a month.Thanks to outstanding efforts by all, the repair was accomplished in ten days and total out-of-service-time was only four weeks. The causes of the failure were determined and the calculated stress levels confirmed by strain gauge measurement during operation.The success of this project was achieved by adhering rigorously to fundamental management and engineering principles."

Jan 1, 1988

By C. Poon

For slope stability, knowledge of major and minor discontinuity sets that form the rock mass fabric is paramount for pit slope designs. Due to the increased awareness of health and safety in mining projects, efforts have been made to limit structural mapping in order to minimize the risk to personnel associated with approaching potentially unstable areas. Recognizing the importance of such safety precautions, Golder Associates Ltd. is applying a combination of techniques including 3D photogrammetry, conventional mapping and drilling with core orientation to enhance structural data collection. Photogrammetry uses digital photographs to produce a virtual model of a rock mass surface. The application of these techniques will be exemplified through an expansion design of an existing open pit. A comparison of stereonets obtained using these techniques showed some agreements, but also highlighted limitations of each method. The application of photogrammetry was found to be very useful in complementing the other existing techniques.

May 1, 2009

By A. G. Darnley

"The Geological Survey of Canada is devoting consider-able effort to finding ways to make airborne radiometric measurements both quantitative and reproducible. Equipment has been designed by Atomic Energy of Canada Ltd. to provide high count rates in order to minimize statistical uncertainty, this being essential to justify applying terrain clearance and Compton scattering corrections to the data. Correction factors have been determined experimentally and can be applied automatically. Considerable ground work has been undertaken in parallel with equip-ment development in order to determine field parameters.Two airborne gamma-ray spectrometers are described. One is based on three 5-by 5-inch Nal(Tl) detector crystals and is used in a helicopter; the other employs twelve 9-by 9-inch detectors and is used from a Skyvan aircraft. The former is being used to investigate the range of radiometric response from specific rock types, and for the correlation of ground and air measurements; the latter has completed initial trials and will be commencing experimental surveys during 1969.Results are given to show the comparative sensitivities of the various detector sizes, and operational requirements for a gamma-ray spectrometer survey are discussed briefly."

Jan 1, 1970

By M. Celikin, M. Isac, R. I. L. Guthrie, S. Ge

Horizontal Single Belt Casting (HSBC) is a near-net-shape casting process in which molten metal is directly cast into thin strips, at high cooling rates (order of several 100°C/s), with the potential for high volume, friction-free, continuous production of metal strips. This casting process was used in the present work to produce strips of Al-Mg alloys in the AA5000 series, with additions of Sc and Zr. Such aluminum alloys show exceptional potential as a structural material for transportation/aerospace applications. To demonstrate the suitability of the HSBC process to manufacture competitive strip products of Al-Mg-Sc-Zr, the mechanical properties and microstructures of the strips produced using the HSBC process were compared with conventionally cast products. The effects of annealing on the mechanical properties of the strip-cast Al-Mg-Sc-Zr alloys were also investigated.

Jan 1, 2014

By D. R. Wright

"The modest thermal efficiency of the steam turbine cycle essentially determines the heat required and, therefore, the coal consumption and ash production of pulverized-coal-fired powerplants. This paper emphasizes how some properties of coal and its ash can crucially affect the operation of a steam generator and its flue gas cleaning equipment. A brief reference to some siting factors and economics reaffirms the all-pervasive influence of the properties of coal and ash and establishes the importance of a firm supply of cooling water. The economics of scale remains a compelling factor in selecting the size of units, despite disappointing performances by some of the larger units. Environmental considerations suggest that smaller units still have a role to play. IntroductionCoal fuelled one industrial and economic revolution, beginning two hundred year s ago . It was the precursor of competing fuels, notably natural gas, oil and uranium, which eclipsed it in terms of convenience and rate of growth.The turmoil that now exists because of rapidly dwindling supplies of no-longer-cheap oil and the concerns about nuclear energy-justified or unjustified-exacerbated by an operating incident at the Three Mile Island Nuclear Powerplant, prompt speculation for a resurgence of coal, especially where it cangenerate electricity to replace energy from imported oil.The world's reserves of coal are not inexhaustible, although they are ample for several decades. Of greater import is the fact that the world's coal reserve s are more widely distributed than its oil reserves, and they appear less convenient as instruments of economic and political persuasion by opportunist powers. The crux is whether or not the world will accept all that a massive, if temporary, return to coal implies.Combustion of pulverized coal in steam generators to pro duce electricity is a 50-year-old, well-understood technique; it is undergoing continuous refinement to meet evolving environmental and economic criteria and is not found wanting. It is certainly the only technique available and technologically advanced enough to replace oil immediately on a large scale. Although it may take a decade to bring a new coal-fired powerplant into service, this delay is a reflection on nontechnical and administrative processes. Capital and operating costs of coal-fired powerplants are significant and subject to inflation, but, because of the accumulated experience in this field, the ability to control costs is better than for those energy processes which are less mature or still in embryo form. More exotic, soft energy systems, touted as the panacea for world energy problems, have still to prove themselves on the scale they are needed and under the stringent climatic and operating conditions coal-fired powerplants have already mastered."

Jan 1, 1980

By T. Hadley, Northern Minerals Ltd, C. S. Griffith, T. A. Safinski, K. H. Soldenhoff, M. Fainerman-Melnikova, A. Manis

"ANSTO Minerals and Northern Minerals have been working together since 2012 on the process flowsheet development for the Browns Range project for the recovery of the heavy rare earths (Dy – Lu, + Y). Initial efforts were directed toward defining the most efficient and direct flowsheet for the Preliminary Feasibility Study (PFS), issued in June 2014, then towards the Definitive Feasibility Study (DFS), issued in February 2015. These goals were achieved by undertaking comprehensive laboratory and continuous piloting programs. Further improvements to the flowsheet following the DFS have been made. This publication provides an overview of the evolution of the process flowsheet based on these laboratory and piloting programs from the PFS through the DFS and beyond.INTRODUCTIONNorthern Minerals Ltd (Northern) has been working on developing their flagship project at Browns Range for the recovery of the heavy rare earth elements (HRE, Dy – Lu, + Y). The project is located in the north of Western Australia as shown in Figure 1. The Total Mineral Resource at the project is currently estimated at 8.98 Mt @ 0.63% total rare earth oxides (TREO) comprising 56,663 t of contained TREO using a cut-off grade of 0.15% TREO. Of the Total Mineral Resource, 58% is classified as Indicated Resource, with the remainder in the Inferred Resource category.The deposit is characterised by breccia-hosted, hydrothermal, HRE-rich, xenotime mineralisation. The main gangue mineral associated with the xenotime is quartz. The distribution of rare earths (RE) observed for the xenotime mineralisation at Browns Range is presented in Figure 2. Extensive test work has shown that the xenotime can be readily beneficiated to between 20 – 40% rare earth oxide (REO) using a process consisting of crushing and grinding, followed by magnetic separation and flotation steps. Continuous piloting of this process was conducted on ~80 t of trench-sourced ore in late 2013 at SGS Perth, to produce ~2 t of ~20% REO mineral concentrate (MC) for hydrometallurgical testing. The composition of the MC produced during piloting is presented in Table 1."

Jan 1, 2016

By V. Shumila, T. Butler

Microseismic monitoring systems listen to a rockmass and record ground vibrations associated with brittle rock fracture. Modern systems record continuously and can identify as many as one thousand small and possibly larger magnitude events occurring each day from induced stress change and redistribution. This paper presents examples of the real time use of microseismic information in mining applications. It shows how alerts can quickly identify large magnitude events or unexpected clusters of seismicity and how seismic re-entry protocol can help to improve safety decisions. Additionally, newly developed advanced analysis techniques applied to mine seismic data sets are shown including the use of clustering methods to see into a cloud of seismic data to identify significant activity and quantify possible planar features. The use of source parameter trend analysis is shown to be a beneficial method for interpreting changes in relative stress levels. Seismic moment magnitude distributions are analyzed using the TGR (Truncated Gutenberg Richter) and TMD (Tapered Moment Distribution) methods to estimate bvalue and expected maximum magnitude. Seismic hazard analysis is shown as a useful way to simplify a dataset and highlight seismic hot spots. The rockmass response to excavation is a complicated spatial and temporal process and microseismic monitoring is a method that can be used to help understand the location and mechanics of failure occurring in the rock ultimately helping to improve safety and productivity at a mine site.

Jan 1, 2015

By Ben Burger

This paper describes the design, the first three years of operation and optimization of a large, single stage SAG mill at Minera Yanacocha?s Gold Mill facility located in northern Peru. The Gold Mill was commissioned in March 2008 with a 32? x 32? EGL, 16.5MW single stage SAG mill, to process 5 million tonnes per annum high grade oxide Au/Ag ore. Operational control, feed size distribution, grinding media, mill liner, grate and pulp lifter optimisation have allowed the mill to operate 15-30% above design throughput rates, but with a product P80 coarser than design. As part of the optimization, full grinding circuit surveys were conducted. Historical operating data and survey data were analyzed and used to evaluate possible circuit changes and determine alternative operating strategies. A number of changes were implemented which allowed the SAG mill to operate similarly to a large ball mill and achieve finer mill product that was closer to design. This paper summarizes life to date data analysis and improvements made by Minera Yanacocha as well as the grinding circuit optimisation study conducted by Metso Process Technology and Innovation.

Jan 1, 2012

By R. B. Kaunda

One fundamental requirement for surface and underground rock engineering is the ability to characterise the rock mass. An accurate characterisation of the rock mass allows rock engineers to optimize designs safely and economically. A number of classification systems have been developed in the past 50 years to help characterise rock masses such as RMR, Q system, Rmi, and several others. The challenge in developing rock characterisation schemes is often practicality, i.e. creating systems with relatively simple inputs for the everyday practitioner. A second challenge is the degree of subjectivity often inherent in commonly used classification systems. These challenges are especially exacerbated in weak rock or densely jointed rock masses. This paper introduces a new approach to characterise densely jointed rock mass using artificial neural networks and principal component analysis, based on principles commonly used in the geotechnical engineering of rock fills and waste rock dumps. Thirteen input parameters are dimensionally compressed using principal component analysis. Using a global database with more than 100 case histories, an artificial neural network is developed to conduct the rock mass characterisation. The advantage of this approach is less subjectivity as commonly used engineering (quantitative) terms are put to use. A further advantage is that given that the method is site-data dependent, it allows for ‘fine tuning’ of the model for a specific site.

Jan 1, 2015

By Gino Palarchio

Dofasco is Canada?s 2nd largest steel manufacturer producing 4.5 million tons of flat rolled steel per year. They have revenues of over $3 billion and employ 7,000 people in their Hamilton, ON plant. Dofasco is North America?s most profitable steel producer and were recently ranked as the #1 steel maker in the world by Dow Jones. Motivation to Improve In the 1980?s the steel business was good. However, in the late 80?s and early 90?s things began to change. Globalization was beginning to influence the market, imports started arriving at lower prices and higher quality, hangover from the 1970?s inflation saw costs rising and prices dropping, there was a shift from a sellers to a buyers market, and shareholder returns were beginning to erode. Dofasco took a step back and evaluated their maintenance performance and found that they were operating in an environment where 70% of their work was reactive and only 30% was proactive. They also found that the rate of product quality improvement was flat and their average equipment availability was only 78%. At that point they realized that Equipment Reliability was key to improving product quality, production output, costs and shareholder return. They initiated a project to research, develop, and implement the most advanced maintenance practices and information technologies to achieve maximum equipment reliability.

May 1, 2001

By I Wilkomirsky, F. Parada, R. Parra, E. Balladares

"The neutral roasting of As bearing copper concentrates is confirmed well established and promising option for the treatment of this type of complex concentrate. The AS elimination by volatilization allows subsequent treatment of the calcines produced in a conventional pyrometallurgical process, by blending this product with standard concentrates.Several tests were performed using the fluidized bed pilot plant at the University of Concepción with different types of concentrates. Calcines, fines from two hot cyclones and flue dust from the ESP were collected. These materials were characterized using QEMSCAN® and the results used for the development of a mass and energy balance which took into consideration the specific chemical transformations that occurred in the reactor.A physico-chemical/kinetic model is proposed to explain the formation of bornite, chalcopyrite and magnetite. The mechanism involves solid-gas reactions between chalcocite, pyrrhotite and gaseous sulfur that without the mineralogical characterization would not have been possible to propose"

Jan 1, 2014

By J. M. Cummings

DURING the past year, the writer has investigated the treatment of a variety of British Columbia tungsten-bearing ores. Much of the test-work described in this paper was carried out in collaboration with Mr. A. G. Lyle in association with the British Columbia War Metals Research Board at the University of British Columbia. The remainder was completed in the laboratories of the Department of Mines at Victoria. Two mills in the Province are at present treating tungsten ores. Descriptions of these are included through the co-operation of Messrs. S. Gray (1) and A. A. Almstrom (2). MINERALOGY, OCCURRENCE, AND SPECIFICATIONS In the present paper, attention is directed solely to scheclite, inasmuch as known occurrences of other tungstcn minerals in British Columbia are of mineralogical interest only. The properties of scheclite are listed below: Percent W03 .. 80.6 Tenacity ...... Very brittle Çrystallization Tetragonal Lustre ........ Vitreous to resinous Cleavage ...... Good in 4 directions Magnetism ... Non-magnetic Specifie gravity 6.05 Diaphaneity .. Transparent to translucent Hardness. . . . . . 4.5-5.0 Scheelite may contain as much as ten per cent of molybdenum in solid solution, but most of the specimens from British Columbia examined by the writer were relatively pure.

Jan 1, 1943

By Brian Hall

For some years, the mining industry has been consistently delivering returns below the market average. One of the causes is a disconnect between what is perceived to drive value creation by many industry analysts and senior corporate executives, and what actually drives the intrinsic value of mining operations. The perverse effect is that strategies that should increase value are perceived to have the potential to drive share prices down, and vice versa. This paper challenges common perceptions of what drives a mining company?s value. Anecdotal evidence suggests that the key drivers of value in the market, and hence in many boardrooms, are such things as increasing the reserves and production rate, and reducing unit operating cost. However, while the quoted reserves may satisfy ore reserves reporting code requirements to be economic, this does not imply that they are optimal. Often, a proportion of the quoted reserve reduces the potential value of the operation. Metal price increases, increased production rates, and operating cost reductions are all seen as conditions or actions that can improve value, and lead to cutoff grade reductions, thereby increasing ore reserves. However, modern cutoff theory and studies conducted by the author and his colleagues show clearly that, while breakeven cutoff grades will fall in these circumstances, optimum cutoffs may be much less volatile, and may even increase. Results from case studies indicate that value is maximised by right-sizing, not maximising, the production capacities, and by optimising the cutoff strategy. Values of many existing underground mining operations can be increased significantly by a substantial cutoff grade increase. Also, an increase in downside risk, and hence reduced returns, can occur using typical life-of-mine planning strategies if prices received are lower than predicted. Since this is often the case, low industry returns may be a direct result of typical strategic mine planning processes. Relatively simple cost-effective techniques are available to provide senior decision makers with information needed to assess the tradeoffs between their many conflicting corporate goals, and the balance between risk and reward. Often this information is not being generated at all. If it is, decisions affecting the value of the company are occurring by default at relatively low levels within the hierarchy, with senior executives apparently unaware of them or their potential impact. The paper concludes that without a re-evaluation of the way mining projects are valued, to demand proven value optimisation from mining plans by boards and mining analysts, the industry will continue to deliver below average returns.

May 1, 2003

By C. G. Kemsley

THE ore as hoisted is very wet, and difficulty was experienced i~ screening it to remove the fines before going to the secondary crusher. In fact, the fines had a tendency to form balls and roll down the screen, and only a small percentage was removed. Their inclusion with the other ore going to the Symons secondary crusher caused excessive spring action and pounding between the adjustment ring and main frame, resulting in abnormal wear between the two. To overcome this, it was decided to wash the fines through the primary screen, and use an Akins classifier to de-water the screenings, pumping the overflow from the classifier up to the mill and discharging the oversize onto the mill-feed belt.

Jan 1, 1945