Search Documents

By R. D. Lawrence

"Comparable transaction analysis is the best known of the market approaches to valuation of exploration-stage mineral properties. The analysis of option and farm-in agreements can also provide useful guidance to valuators. While such approaches can be distorted by incomplete analysis, market-based methods are capable of providing consistent, credible results when carried out carefully with due consideration paid to all factors which buyers and sellers consider when dealing in the real market. IntroductionMineral properties without defined resources present one of the most challenging tasks to the mineral valuator. This paper will concentrate on market-based approaches to valuation of such properties. Other authors at MM2000 presented papers on cost and income approaches. Sorentino (2000) also provides a useful overview with some provacative commentary on methods.Market based-approaches are based on the principle of substitution and include such techniques as: comparable transaction analysis (sometimes referred to as sales comparison analysis); farm-in commitment (or option agreement) analysis; rules-of-thumb; and comparable market value analysis.Are there any valuation standards available to assist the valuator? In Canada there are none that apply to the valuation of mineral assets or securities. This problem is being addressed, at least in part, by the CIMVal Committee of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)1. Further, the recently established Canadian Association of Mineral Valuators will be giving consideration to the adoption of valuation standards."

Jan 1, 2002

By J. Flemming, R. O. Burt

"The Tanco pegmatite is located in the Bird River greenstone belt of southeastern Manitoba approximately 160 km northeast of Winnipeg (Figure 1). This pegmatite body was discovered in 1929 and subsequently attempts were made to exploit it for tin by Jack Nutt Mines Ltd. and later in the middle 1950's by Montgary Oil Ltd., who extensively developed but did not produce from, its lithium deposits. In 1966 systematic investigation of the pegmatite as a potential source of tantalum led to the founding of Tantalum Mining Corporation of Canada Ltd. (TANGO) in 1967 and production of tantalum concentrates from the Bernie Lake mine commenced in 1969. Tanco is currently jointly owned by Hudson Bay Mining and Smelting Co., Cabot Beryl co Inc. of Boston, and the Province of Manitoba. (Williams and others 1978, Burt 1979, Burt and others 1982), continued until the end of 1982, when, due to falling demand and prices, operations were suspended.During the 1970's Tanco had investigated the potential of the lithium orebody; carrying our research into both the concentration of the ore and into the production of lithium chemicals. However lithium chemicals were in an over-supply situation, due in part to the production from Chilean brine deposits (Buckley, 1983), and Tanco' s own plans were put into abeyance. The potential alternative market, the direct use of concentrates in the glass and ceramics industry, did not at the time justify the cost of constructing a new plant."

Jan 1, 1986

By M. J. Michaud, M. J. Lavigne

"A cornerstone of any successful mining project is an understanding of the mineral assemblage and metal distribution comprising the deposit. Knowledge of the precise mineral/ metal zoning enables an operation to utilize different mining and processing methods optimized for different parts of the deposit. The Lac des Iles mine, located in northwestern Ontario, is one operation that depends on a good understanding of these issues. Current resources for the Roby Zone total 94.1 Mt grading 1.66 g/t Pd, 0.18 g/t Pt, 0.14 g/t Au, 0.062% Cu, and 0.053% Ni.The Roby Zone occurs within the gabbroic portion of the Lac des Iles intrusive complex and consists of three compositionally and texturally different ore types with variable PGE, base and precious metal contents. PGE occur as sulphides and bismuthotellurides in net-textured sulphides, coarse sulphide blebs and as finegrained inclusions within secondary silicates.Knowledge of the precise mineral/metal zoning has directly and indirectly improved several operational aspects, including resource modelling, mining, and processing. For example, metallurgical recoveries have been increased by up to 3% to 5% and concentrate grades have increased by up to 100%. IntroductionLac des Iles Mines Ltd., a wholly owned subsidiary of North American Palladium Ltd., owns and operates a 3000 t/d open pit mine and concentrate facility, located 100 km north of Thunder Bay in northwestern Ontario. The Lac des Iles PGE-gold-copper-nickel mine has been in commercial production since 1993 and in 1997, produced 1.8 million grams of palladium, 127 000 g of platinum, 114 000 g of gold, 438 000 kg of copper and 354 000 kg of nickel (North American Palladium Ltd., 1998).Under the Industrial Research Assistance Program (IRAP), a two-year study of the mineralogy of the Roby Zone was undertaken with a goal of improving the profitability of the mine. Geological mapping, petrography and geochemistry of the Roby Zone were completed during this study. Utilization of the detailed mineral/metal zoning identified as part of this study was implemented at the mine and shown to positively impact many operational aspects including mining and processing."

Jan 1, 2003

By Andrew R. Marchbank

The application of biologically assisted methods for metal extraction in the mining industry has a long history, but development of modern techniques has been relatively slow. There is, however, a resurgence of interest in the industry with the recent development of methods to successfully treat base metals concentrates. Two major pilot plant programs for treatment of chalcopyrite concentrates have been initiated in the past year and results from one are beginning to be released. This paper provides an overview of methods that have been applied in the past; from the earliest deliberate applications of the technology, through the copper and uranium heap and dump leach applications, the more highly engineered agitated tank leach gold applications and the developments currently taking place in the industry.

May 1, 2002

By Glenn D. Lyle

As part of an initiative to improve value in mining, CEMI is developing a handbook on best practice in mine design. Various formats were examined, and of these, the wiki was selected as being most suitable. Being web-based, its global reach and capability of being continuously updated allows the wiki to evolve as new knowledge is generated, and to capture the diversity of experience of practitioners in the mining industry. While wikis have many advantages in terms of organizing content and searching, their ability to be edited by users is often seen as a negative characteristic for quality control. To ensure reliability of information content, author attribution, specific authorship models, and a peer review process have been implemented, in addition to the standard version tracking capability of wikis. The first phase of the project concentrates on topics related to underground hard rock mine design. The scope will be expanded to cover other aspects of mining as the project matures. Strategic partnerships with various organizations, such as the CIM, and CANMET, are being formed to provide a wide range of seed material to stimulate growth of the site. www.minedesignwiki.org

May 1, 2011

By T. A. Grammatikopoulos, B. Vasily, A. H. Clark

"The St. Lawrence deposit is a large wollastonite skarn (ca. 9 Mt @ 41.3% wollastonite) adjoining the gabbroic-to-syenitic Leo Lake pluton in the granulite facies Frontenac Terrane of the Grenvillian Central Metasedimentary Belt. It occurs within a horseshoeshaped horizon of quartzite, open to the east. The skarn extends over 1.2 km2, and comprises wollastonite-dominant, wollastonite-clinopyroxene, and diverse quartz-feldspar-sulphide (-titanite) layers, interbanded with, and strongly folded within, the quartzite. As in the world-class wollastonite deposits of the Willsboro district, New York, no carbonate protolith is preserved, and calcite is a negligible constituent of the mineralized zones. Wollastonite development is nonetheless ascribed to metasomatism of a metacarbonate unit by magmatogene, silica-rich, CO2-poor (XCO2 < 0.05) fluids, at P = 350 MPa and ca. 560°C, or, alternatively, 550 MPa and ca. 630°C.Several high-grade zones, averaging >40% but locally exceeding 80%, of translucent, white, tabular wollastonite grains, with lengths of 0.2 cm to 5 cm, have been delimited by drilling. Preliminary beneficiation studies yield high aspect-ratio and high-purity (low Fe and Mn) concentrates.St. Lawrence compares favourably to other known prospects and operating wollastonite deposits: having good chemical and physical properties, low iron content, and high aspect ratios (>20:1). In addition, the deposit has a favourable size and location, and will benefit from a low Canadian dollar. Canada currently has no wollastonite production."

Jan 1, 2003

By Michael Stuart Parsons

The haulage cycle is the sequence which a haulage vehicle must first arrive at the loading area, then turn around and reverse into position. Once it is loaded, the vehicle leaves and travels to the unloading area, where again it must turn around and back up to unload. The cycle is repeated over and over again. The Vector Neutral truck is a rubbertired, self-propelled hauling vehicle designed such that it eliminates the requirement to turn around and back-up to either load or unload. Vector Neutral Truck Cycle: 1.) Travel from the load station to the dump station. 2.) Stop and dump load. 3.) Travel from the dump station to the load station. 4.) Stop and load. The Advantage is in the Difference: 1.) Shorter distance traveled. 2.) Fewer brake and steering actuations. 3.) Easier to automate. 4.) Easier to adapt for remote control operation.

May 1, 2003

By Erin N. Legault-Seguin

The Lac des Iles Mine (LDI) is located approximately 100 km northwest of Thunder Bay, ON. The mine has been in operation since 1993. The initial mine production was 2,300 mtpd and increased to 15,000 mtpd following a mine expansion project that was completed in 2001. Effective Oct. 29, 2008, LDI was shut-down under care and maintenance due to low metal prices. Prior to shutting down, LDI was the only primary PGM deposit in operation in Canada and of the few found globally. The complex geology and physical properties of the deposit causes several challenges for the concentrator. This paper will discuss the solutions to the main challenges of attaining nameplate tonnage and achieve satisfactory Pd recovery and concentrate grades.

May 1, 2009

By J. F. Archibald

This paper reviews the formation of the Canadian Mining Education Council (CMEC) and its terms of reference. CMEC considers that Canada?s mining schools represent a distinct competitive advantage to the Canadian Mining Industry. The core objective of CMEC is to reinforce the links between the constituent schools and their individual Industry Advisory Committees. The latter traditionally provide the schools with a great deal of guidance on a range of planning issues, including recruitment, curriculum, research and infrastructure. Beyond those bounds CMEC intends to improve its ability to network with the industry and government. It is concerned overall with the objective to raise the quality and level of its educational and research contributions to meet the needs of industry and society.

May 1, 2002

By Dan Marshall, David H. Watkinson

Abstract - Cobalt, Ontario, is renowned for the 12.6 billion grams (445 million ounces) of silver produced from the area since discovery in 1903 by workers of the Timiskaming and Northern Ontario Railway. Native silver generally occurs with cobalt arsenides and sulfosalts in near-vertical carbonate veins cutting the Huronian sedimentary rocks of the Gowganda Formation, the Archean metavolcanics and/or the Nipissing diabase. All major deposits have been found within a few hundred meters of the unconformity between the Archean and Huronian rocks in general proximity to the Nipissing diabase and volcanogenic sulfide mounds within the Archean meta-volcanics. Silver has been mobilized from one or more of the local country rocks by hyper-saline brines and deposited in or near zones of mixing where the saline brines encounter paleometeoric water transported to depth along the unconformity or local structures. Previous work has shown that chloride complexes are the dominant ligands responsible for silver transport. These hypersaline brines, represented as halite-bearing fluid inclusions at room temperature, have been trapped as primary fluid inclusions within vein minerals. Pressure-temperature conditions of vein formation have been derived from mineral equilibria, maximum lithostat and fluid-inclusion studies. These data are consistent with vein formation occurring over the temperature range 300°C to 350°C, with pressures constrained between 60 Mpa and 136 Mpa (600 bars and 1360 bars).

Jan 1, 2000

By David J. Forrester

"CANMET’s research into underground coal mining is primarily conducted at the Cape Breton Coal Research Laboratory (CBCRL), established in 1981 to conduct safety research in underground coal mines. Located close to Canada’s largest underground coal producer, in the Sydney Coalfield of Nova Scotia, CBCRL’s program also includes the two western underground coal operations. CBCRL is a relatively small laboratory with a staff of thirteen — eight professionals and five support staff — with an annual budget of over $1 million. In order to maintain effective research response, flexibility is key and staff are increasingly working in project teams, crossing traditional section ties and also drawing from specialist expertise elsewhere within CANMET.CBCRL’s research activities have had a substantial impact on the Canadian underground coal mining industry, particularly in Cape Breton. CBCRL contributed to Cape Breton Development Corporation’s (CBDC’s) threefold reduction in lost-time accidents in the 1980s. Also, in the last four years alone, CBCRL’s work has enabled CBDC to save over $17 million in improved utilisation of reserves and cost savings. The work embraces the three traditional areas of mine environment, strata mechanics and mining technologies, however the current direction has been strongly influenced by recent external and internal factors. It is timely to review progress and recent directions."

Jan 1, 1996

By J. R. Goode

"Coarse ore sorting is here defined as the physical separation of a mixture of coarse (+3/8 inch) ore particles into two or more separate groups of total value greater than that of the unsorted ore. An ore will probably be sortable if the geology of the orebody and the mining practices employed meet conditions outlined in this paper.The paper points out how sorting can substantially reduce tonnage variable operating costs because sorting can double the mill head grade of amenable ores by rejecting waste rock from the mine output. The effect of sorting on ore reserves is outlined. It is also suggested that sorting is a low cost alternative to conventional expansion.The mode of operation of the Ore Sorters Kadel 13 Photometric and MK VI A Radiometric sorters is detailed. The report concludes with detailed descriptions of the photometric sorting plant operated by the Doornfontein Gold Mining Company is South Africa and the Radiometric Sorting Plant presently under construction at the Schwartzwalder mine of Cotter Corporation in Colorado."

Jan 1, 1975

By J. Nesset, F. Rosenblum, P. Spira

Sulphide concentrates may exhibit self-heating to various degrees during storage or shipping, the worst cases presenting a serious hazard from fire and SO2 emission. Based on measurements of heating rates on a wide variety of concentrate samples in a special apparatus, combined with field experience, a methodology has been developed which allows concentrates to be rated for their heating potential. This has proven to be very useful in practice, for example, in deciding on the need to take preventive measures. Oxidation under ambient conditions in the presence of moisture initiates heating locally within a stockpile. In the case of highly active materials, such as those that contain abundant pyrrhotite, heating may progress through three stages to temperatures well above 500°C. However, most concentrates show little or no propensity to self-heat. Heating rates were used to estimate values of the heat output, or self-heating capacity (in joules per gram), which sustains the process at each stage. Thermal data from differential scanning calorimetry are also reported. Variables which affect self-heating are discussed and an actual case of heating control on a stockpile by covering is described. A simple apparatus which can be used to simulate stockpiling conditions has been tested successfully and is proposed as a convenient test system.

Jan 1, 2001

By N. Aslin, G. Heferen, H. DeWaal

"Mount Isa Mines (MIM) acquired a reputation for the successful application of R&D to develop break-through technologies for the mining industry starting in the 1978’s through until the early 2000’s. The ISAPROCESSTM tank-house technology has been licensed to copper refineries throughout the world, and a significant per cent of the world’s copper is refined using this technology. Since development in the late 1980’s more than 20 ISASMELTTM copper and lead smelting furnaces are now installed in countries around the world. Jameson Cell flotation technology developed jointly by Mount Isa Mines and Professor Graeme Jameson is widely used in the Australian coal mining industry and increasingly in the base-metal and gold industry. The IsaMillTM’s developed at Mount Isa and McArthur River made it possible to develop the McArthur River and George Fisher orebodies and has been successfully implemented into base metal fine grinding applications around the world. The most recent commercialised innovation is the atmospheric leach Albion ProcessTM with its supersonic HyperSpargeTM gas sparger, is being adopted as a solution to the increasing complexity of orebodies. MIM’s contribution to the industry was significant given the size and the remote location of its operations with Townsville Copper Refineries more than 1350 km and Mount Isa 1800 km from the nearest state capital of Brisbane. This paper will briefly discuss the development of each of these technologies and why MIM – now owned by Glencore - was so successful innovating and developing such technologies over a period of nearly 40 years.INTRODUCTION Mount Isa is located in the Gulf Country region of Queensland about 1800 kilometers North West of Brisbane (see Figure 1). It came into existence because of the world class mineral deposits found in the area. In 1923 the orebody containing lead, zinc and silver was discovered by the miner John Campbell Miles. Mount Isa Mines Limited (MIM) was founded in 1924 to develop the minerals discovered by Miles, but production did not begin until May 1931. It paid its first dividend in 1947 after 16 years of troubled production. In 1954 the 1100 copper orebody was discovered and with rapidly rising reserves during the 1950’s and 1960’s led to the construction of new concentrators to treat lead/zinc/silver ores in 1966 (#2 concentrator) and copper ore’s in 1973 (#4 concentrator). The difficult nature of the Mount Isa lead-zinc orebodies has meant that the company had always needed to be at the forefront of mining technology. In the 1970’s through to the 1990’s, it became a world leader in developing new mining techniques and processing technologies as a response to declining metal prices and rising costs. Mount Isa has been smelting copper since 1953 and lead since the early 1930’s. Copper Refining at Mount Isa’s fully owned subsidiary of Copper Refineries Proprietary Limited (CRL) had commenced operations in 1959."

Jan 1, 2018

By George Hope, Brigitte Lacouture

"The Red Dog mine has increased mill throughput most years since start-up. Although flotation equipment has been added over the last 10 years, the Red Dog metallurgical performance has been restricted by a lack of adequate flotation capacity. Two reduced tonnage trials conducted in 1997 as well as numerous SAG relines have consistently indicated the potential to significantly increase both zinc concentrate recovery and grade with additional flotation capacity. Later in 1999, a new circuit was designed with increased flotation capacity while simplifying the current circuit, providing for three stages of dilution cleaning, and creating a retreat section. The purpose of the retreat section is to target the more complex particles and allow the chemical environment to be fine tuned for improved iron depression. In total, 21 Outokumpu OK50 (50 m3) mechanical flotation cells and four 3.66 mØ column cells were added to the current flotation circuit. The VIP (value improvement program) mill optimization project is also addressing thickening, water treatment, and power generation issues and has a total budget of US$105 M. Start-up of equipment was phased in to minimize the impact on current operations and the project was completed by the end of 2001. IntroductionRed Dog Operations started production in November 1989. The mine is located above the Arctic Circle in northwest Alaska. It is linked by an 80 km road to a port-site facility where the concentrate is stored. Concentrate is shipped to markets throughout the world during the one hundred days of open seas. As of January 2002, the Red Dog main pit had 38.4 Mt of reserves grading 19.2% Zn, 5.3% Pb, and 102 g/t Ag. Additional reserves and resources contribute an additional 72 Mt at 15.6% Zn, 4.2% Pb, and 78 g/t Ag. Red Dog is a Mississippian to Permian, black shale-hosted, zinc-lead-silver deposit located in the DeLong Mountains, western Brooks Range, Alaska. All the rocks associated with the mineralizing event are considered to be part of the exhalite rock package. Silicification was a dominant component of the mineralizing event and the host shale has been silicified and locally resembles a chert. The major sulphides in decreasing order of abundance are sphalerite, pyrite, marcasite and galena. Most of the deposit’s silver occurs within the crystal structure of the galena. The dominant ore mineral, sphalerite, is very fine grained to amorphous and is commonly intergrown with silica. Ore textures are massive, fragmental, chaotic, veined and rarely show classic sulphide sedimentary layering. The upper portion of the orebody has been physically and chemically weathered. Oxidation has altered the sulphides to sulphates. The zinc and iron sulphates are very soluble and are readily depleted from the weathered cap, while the lead sulphate is residual and is, therefore, enriched."

Jan 1, 2003

By B. Samanta

Abstract - Ore reserve estimation, based on sparse drill hole data, was conducted for a placer gold property in Nome, Alaska. A problem with sparse data is that random subdivision of the data into modelling and evaluation subsets (as is commonly done) becomes a problem, as random selection may result in biased/skewed subsets. Therefore, a technique that combined data segmentation with genetic algorithms (GA) was applied to divide the samples into three equivalent subsets: training, validation and testing. Data segmentation was done on the basis of the distribution of gold values. Neural network and a variety of kriging techniques were used to estimate gold grades. A multi-layer feed forward neural network along with "early/quick stop" training was used for neural network modelling. A comparative evaluation of kriging and neural network methods was then performed. The results revealed that neural network was generally superior to the kriging techniques for gold grade estimation in the Nome deposit.

Jan 1, 2002

By M. F. Lopez, A. J. Mattus, S. B. Magid, D. B. Mobbs

"The use of Caro&apos;s acid as a replacement for hydrogen peroxide for the oxidation of vanadium prior to solvent extraction resulted in a 56% reduction in oxidant usage when compared on an equivalent hydrogen peroxide basis. Comparative oxidation tests, using two actual uranium mill raffinates, resulted in premature precipitation of an amorphous ferric vanadate when hydrogen peroxide was used to oxidize one of the raffinates containing a high iron to vanadium ratio. The use of Caro&apos;s acid eliminated the precipitation problem, thereby permitting the adjustment of the raffinate pH to a higher, more favourable level prior to solvent extraction.Potentiometric characterization of the raffinates revealed that vanadium is responsible for the inefficiency of hydrogen peroxide compared with Caro&apos;s acid, with the oxidation efficiency of iron being the same for both oxidants. A limiting potential between 720 and 740 mV was observed when using hydrogen peroxide, while, when using Care&apos;s acid, potentials approaching 1200 mV were achievable.A four-stage, countercurrent extraction performed on the oxidized raffinates did not reveal any operational problems. The extraction efficiency and the extraction coefficient were found to be higher when Caro&apos;s acid was used as the oxidant, as opposed to hydrogen peroxide.IntroductionMost vanadium is recovered as a by-product of some other process: leaching of Carnotite uranium ores, oil fly ash, phosphate rock or chromite processing. The major source of vanadium has been from uranium mills incorporating acid leaching of Carnotite ore s at elevated temperatures and pressures. The by-product recovery of vanadium from uranium ores of the Uravan Mineral Belt, located in the Colorado Plateau , is a common occurrence when vanadium recovery is economically viable."

Jan 1, 1983

By Will Callupe Arzapalo

The success of the minimization of blast induced-damage at Barrick?s Pierina Mine in Peru is the result of an effective working relationship between Mine Operations and the Geotechnical Services Department. A detailed design criteria manual is used to match the blast plan to the site?s varying rock types and slope designs. The Geotechnical Services Department has further developed a comprehensive pre- and post-blast checklist that is critical to the drilling and blasting process as it pertains to wall stability. Wall control blasts are evaluated with quality assurance field checks, vibration monitoring and frequency control, video assisted performance quantification and post excavation face profiling. These detailed observations are compiled and summarized in a blast performance evaluation that is considered to be an ?Industry Best Practice?. The information and detail provided by each performance summary allows accurate blast analysis and effective design refinement.

May 1, 2006

By Susumu Tsubota

Three types of reference gold catalysts, i.e., 3wt%Au/TiO2 (Au-Ti: Type A), and 0.3wt%Au/Fe2O3 on alumina beads (AUS: Type B), and 5wt%Au/Fe2O3 (Au-Fe: Type C), were produced in a test plant scale by Sud-Chemie Catalysts Japan, INC. under the licensing of AIST. To evaluate the validity of the preparation methods and conditions used for the reference samples, elemental analyses by ICP, particle size measurements by TEM, and catalytic activity measurements for the oxidation of CO and H2 over these catalysts were made. Gold catalysts can be prepared in a large scale of ca 400g for the Au-Ti and Au-Fe catalysts, 5 kg for the AUS catalyst with good reproducibility. It was confirmed that they were available for useful as the reference gold catalysts of World Gold Council.

Oct 1, 2003

By A. L. Mular, R. P. Edwards

"The operation of flotation circuits is often regarded as a combination of art and science. Expert systems offer a method by which the art may be captured and supervisory control of flotation circuits fully realized. Operating knowledge, the art, can be consistently employed to enhance regulatory control through the judicious application of an expert system. Using an expert system, a supervisory control routine was developed, and successfully implemented, in the copper flotation circuit at Brenda Mines Ltd.The expert system ran in conjunction with regulatory PI controllers on a personal computer. The expert system received assays via an on-stream analyzer and adjusted regulatory loop setpoints as required in real-time. From its commissioning in November 1989, to the end of the mine's operation in June, 1990, the ES was enthusiastically embraced by the operators and attained operating levels superior to those achievable manually.INTRODUCTIONExpert system (ES) software springs from research into artificial intelligence and is currently making significant inroads into business and industry. Proponents of ES's make many attractive claims; they are a means of capturing the knowledge of experts and they can be programmed by non-programmers. To date, most uses of this software in the process industry are in off-line applications, meaning that the applications are not tied directly to operating (on-line) environments. Moreover, in on-line environments, they are typically employed as advisors and only suggest changes. Human operators are required to close-the-loop to the process. Yet, ES's should be applicable to operating environments and, if the claims of the proponents are valid, should also be better than existing tools. As an intelligent controller an ES must use the knowledge of experienced operators, apply it directly to a process and do this without the intervention of human operators. On-line applications have been successfully employed in the closed loop control of SAG circuits (Herbst et al., 1989) and flotation circuits (Hales, 1989). Harris and Kosick (1988) detail an implementation for flotation control at the Polaris Mine."

Jan 1, 1991