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By Robert B. Parsons

"The pendulum in Ottawa has swung dramatically from fiscal policy to monetary policy over the last several years. International trends indicate that the pendulum has to start its swing the other way, if Canada's mining industry is to maintain its preeminent position in the global mining arena. This article, which is based on a paper presented by the author at the 37th Annual Meeting of the Newfoundland Branch of CIM, identifies these trends and how they could interact with Canadian policy.IntroductionThe title of this paper is not a very imaginative or catchy one, but it states the topic quite succinctly, if not tersely. This paper looks into a crystal ball to see what might be in store for mine financing over the balance of the current decade.In the event that the reader feels some trepidation about the prospect that such a paper could seek to be the definitive work on the subject, it should be made clear at the outset that this is not the case. The author is, after all, not an economist, a scholar, a financial analyst, or a soothsayer, but is rather a simple accountant who has been closely involved with the mining industry, and the financing thereof, for some twenty years.The paper recognizes that, while a mine may be born when production begins, the mine is conceived when exploration starts. As this act of conception is obviously an essential part of mining, the financing of exploration is also covered in this paper. To attain a focus, this paper approaches the topic of mine financing in the nineties as follows: first, the major emerging forces in the industry are identified: and, second, the implications of each of these forces on financing are considered."

Jan 1, 1991

By So-Yeong Lee, Moosang Lee, Seung Hwan Ahn, Ho-Sang Sohn, Jongshin Chang

It is necessary to understand the characteristics, phase changes and chemical reactions of flue dusts introduced from a furnace to an off-gas line in order to achieve the stable operation and the improvement. This study is to develop the dust reaction model for chemical reactions of dusts in an uptake shaft of smelting furnace and a waste heat boiler. Phase equilibria and reaction paths in this system were determined by thermodynamic calculation with experimental and industrial data. The oxidation reaction rate of dusts was determined by the gas film mass transfer controlling. And the sulfation reaction rate was evaluated by the unreacted shrinking core model. Kinetic parameters were estimated by reference data including industrial ones. The present study with the developed model shows various effects of temperatures, dust particle sizes, and O2 gas partial pressures on dust reactions. INTRODUCTION The flue dusts from a copper smelting furnace move along a furnace off-gas stream into an uptake shaft and a waste heat boiler (WHB) and electrostatic precipitator(s). It is necessary to control the dust quality in order to stabilize the operation because the sticking behaviors differ depending on the phase of dusts. Phase changes of dusts are caused by chemical reactions at given conditions such as temperature and partial pressure of gases. Therefore, it is required to understand the phase changes and chemical reactions of dusts in order to perform the improvement and stable operation. The present study carried out the investigation to understand their fundamental knowledge. Especially, this study was focused on the kinetics of chemical reactions of flue dusts, developed the model. In particular, the scope of development and utilization of the model was defined as the uptake shaft of the Mitsubishi S furnace and the S-WHB radiation section in the Onsan smelter. Information needed for the modeling work referred to data from these processes.

Jan 1, 2019

By T. Gonzales, M. Maleki, M. Caçador, B. Climenhaga, H. Ghorbani

The campaign life of furnaces in the copper making industry is greatly affected by damage caused by normal operation cycling and abnormal conditions. Proper monitoring and assessment of the existing conditions and safe remaining life of the vessels and their refractory lining is key to prevent an unplanned early replacement. This paper presents an industry-proven refractory management program as well as a typical fitness-for-service assessment of a rotary vessel shell in order to extend the campaign life of copper making furnaces and enhance safety. The furnace refractory management system involves a comprehensive audit and monitoring program which has been successfully applied to several copper flash smelting furnaces over the past 15 years. The fitness for service assessment provides a methodology to estimate the remaining life of the steel components by evaluating the existing damage and future damage rate based on the historical survey data. The above practices can provide the operator with cost savings by extending the vessel campaign life in lieu of implementing more rigorous refractory lining and shell audits. INTRODUCTION Primary copper smelting is generally divided into two categories of flash smelting and open bath smelting. There are many different types of vessels that can be used to convert the copper concentrate to blister copper including, flash, Mitsubishi process, TSL (ISA/Ausmelt), SKS Bottom Blowing, Anode and Teniente/Noranda furnaces, reactors, and Peirce Smith converters. Each vessel has its own complex and intense environment which requires careful refractory and steel design to withstand the severe thermomechanical and thermochemical attacks within its campaign life. The campaign life of furnaces is greatly affected by damage caused by normal operation cycling and abnormal conditions. Proper assessment of the existing conditions and safe remaining life of the vessels and/or refractory lining is key to prevent an unplanned early replacement. This paper presents an industry-proven refractory management program as well as a fitness-for- service assessment methodology to estimate the remaining campaign life of copper making furnaces resulting in cost savings and enhanced safety of the operating vessels.

Jan 1, 2019

By R. D. Lindsay

Originally the focus of Deak Resources Corporation Business Plan was to establish a method for treating small gold and possibly base metal mineral deposits located in the Kirkland Lake - Noranda area of Northeastern Ontario, Northwestern Quebec at a central treatment facility. Since the establishment of this original business plan in 1988 other processing options have availed themselves for handling the base metal ores off site at a central facility which may preclude their processing at Deak.The site selected for the Deak processing plant was Kerr Addison's Virginiatown operation. At the time this property was acquired from the Receiver following Golden Shield Resources' Bankruptcy in 1989 the mill had been processing in the order of 1, 100 SDT per calendar day through one processing module; a module originally designed to process 1,500 SDT/day of a free milling gold ore. This tonnage level however had not been achieved since 1966 when an average throughput of 1481 SDT per calendar day was recorded.In order to realize Deak's overall Business Plan it would be necessary to expand the mills processing capabilities to provide:(1) A 2200 SOT per day circuit capable of processing a free milling, medium work index gold ore;(2) a 1 ,000 SDT per day flotation and/or cyanidation circuit capable of processing refractory gold bearing materials containing refractory minerals (i.e. copper) that should be removed prior to cyanidation; and possibly(3) a 1200 to 1500 SDT/day base metal circuit capable of processing the broad range of Deaks' Base Metal Property ores. If this circuit were introduced it would be completed in two tonnage phases.Further, it was recognized when operations resumed under Deak in 1990 that the existing tailings dam was suitable for, and had sufficient capacity for additional gold tailings with necessary physical modifications and changes in disposal techniques (including the construction of containment storage cells) that would allow storage for an additional 3.4 million tons of gold ore tailings approximately 1.0 million of which has been deposited since 1990. The focus of Deak's long term tailings disposal strategy is to acquire the Barber Lake Basin which is currently adjoined to our main tailings system which will provide an additional 10 million tons of storage capacity.

Jan 1, 1993

By Tommee Larochelle, Henry Kasaini

"Simulation of rare earth element solvent extraction processes for plant design and optimization is complex, requires extensive bench scale and pilot scale testing, and is traditionally performed using proprietary algorithms. The complexity of simulation is mainly due to traditional simulation software solvent extraction modules not being designed to simulate rare earth separation processes because of the interaction between each element. This paper presents an alternative method for designing and optimizing rare earth element solvent extraction separation processes using METSIM to converge each stage of the battery individually until the full battery reached ultimate convergence. A feed-forward controller is used to control the organic to aqueous flow ratio feeding the solvent extraction modules. This method minimizes the complexity of simulating such processes by using inexpensive batch solvent extraction data, and allowing for rapid theoretical optimization, by varying the process configuration and parameters from a graphic interface instead of the traditional code-based interface of most proprietary models. Comparison of the model predictions to pilot plant data reveals that the method can be used to accurately model rare earth solvent extraction processes, as illustrated by its application in the development of Rare Element Resources innovative process.INTRODUCTIONThe Rare Earth Elements (REEs) consist of 16 metals, specifically the 15 lanthanide elements and yttrium, which is typically found in the same mineral deposits as the lanthanides. Scandium can be associated with the rare earth elements, but is usually only present in trace amounts, and therefore omitted. The term “rare earths” originates from an old term used to designate minerals (earths) and their believed scarcity upon their initial discovery. The rare earths designation is now considered a misnomer because it was demonstrated that the crustal abundance of some rare earth elements, such as cerium, is known to be higher than many common metals, such as copper. However, enriched deposits are fairly uncommon compared to other similarly abundant metals. The REEs are typically divided into groups commonly consisting of light rare earths (LREEs), medium rare earths (MREE), and heavy rare earths (HREEs). Light rare earth elements include lanthanum to neodymium, medium rare earths include samarium to gadolinium and the heavy rare earth elements include terbium to lutetium, and yttrium. The REEs exhibit similar chemical characteristics and are usually extracted from the ore and processed into a mixed rare earth concentrate. The rare earth concentrate requires further processing in order to separate the REEs from each other and produce a series of single element products."

Jan 1, 2016

By Leslie McHattie, Sadek E. EI-Alfy

"The Maintenance Engineering Department at Carol Mining and Concentrating is currently in the process of introducing reliability concepts such as failure analysis, rework elimination, predictive maintenance, computerized maintenance history analysis, etc. to improve the over-all maintenance function in the mine and concentratormaintenance areas. Some current initiatives include:• Implementation ofan infrared thermographic scanning program.• Ultrasonic inspection of shafts for all critical equipment in the mine and concentrator areas.• Non-destructive testing of all major welds done by maintenance personnel.• Development of an effective vibration monitoring and analysis program for the production equipment in the mine (shovels, drills, haulage trucks, locomotives).• Failure analysis performed by maintenance engineers to identify the root cause of component failures on critical production equipment.• Computerized breakdown analysis to identify the recurring component failures which contribute significantly to high maintenance costs and production loss.• Implementation of a computerized maintenance management information system.This paper will outline the planned implementation ofthese initiatives, and others, and will also cover the status and results obtained to date."

Jan 1, 1992

By F. Gaul, H. R. Manouchehri, A. Mosser

"Mining is a major energy intensive industry that contributes in consuming about 7% of the total world’s energy in which almost half in comminution. The underlying trait that drives energy consumption upwards appears to be somewhat persistent due to increasing in population, demands and growth rate. High grade resources have been/being depleted; consequently, low grade, high competent and complex ores with complicated geological structure are brought into perspective. For efficient extraction of values from such resources comprehensive multistage mining and processing strategies must be taken into account. Different treatment technologies, including ore sorting, must be considered to improve resource efficiency and productivity while taking into account the reduction in energy and water consumptions and related sustainability issues.The implementation of sorting technology in mining industry has a long past and its impacts on improving the overall efficiency of both mining and milling have been proven. However, the lack of complete understanding of its potential combined with ore complexity and low capacity of sorting machines have prevented the large scale application in mining industry. The application of X-Ray transmission sorting at Mittersill Tungsten Mine in Austria is presented and discussed herein. A technoeconomic analysis of the technology has revealed a significant potential of adding value to the concentration process. The rough feasibility study has given a strong feed-back on profitability and short time payback of about 2 years for the investment. Except the economic benefits the technology has positive environmental impacts. The potential for saving energy and water is large. The rough calculations have revealed that the energy saving can be up of 840MWh/annum. Furthermore, the ongoing cooperation between Mittersill mine and the sorting manufacturer is a good example on how the development of more competitive products, and product offerings, can be made."

Jan 1, 2016

By John Lund

INTRODUCTION GOLD-BEARING placers of Alaska and the Yukon Territories are buried under a layer of permanently frozen alluvial overburden, or 'muck', which varies in depth from twenty to one hundred feet. The placers, and the decomposed bedrock layers upon which they are deposited, are also permanently frozen. During the summer, surface muck which is exposed to the sun will thaw, but only to a depth of a few feet. To reach a valuable deposit, the frozen overburden must be either penetrated with shafts, or stripped from the deposit entirely. In either case, before the placer can be mined, it must be thawed. At modern dredging operations, the frozen muck is stripped from the placer by powerful jets of water from hydraulic giants. The placer, and several feet of decomposed bed-rock, are then thawed by forcing water through narrow pipes which have been driven into the deposit. Other methods of thawing frozen placers were used extensively during the early years of the Klondike 'gold rush', but experimentation later proved that creek water at its natural summer temperature was a more effective and economical thawing medium than any other which had been used. EVOLUTION OF COLD WATER THAWING Early prospectors of the far north reached placers by digging shafts through the frozen muck. They then thawed the placer sand and gravel by building wood fires at the bottom of the shafts.

Jan 1, 1951

By Y. Kusuda

Since 1981, the Annaka refinery has recovered zinc from zinc leach residues by the Waelz Process. The important considerations of this process are the prevention of the growth of coating accretions in the Waelz kiln and the improvement of the zinc volatilization rate. In this paper, simulation predictions and the results of the industrial operation regarding the prevention of coating accretions in the Waelz kiln and the improvement of the zinc volatilization rate at the Annaka refinery are reported and compared.

Jan 1, 2006

By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments.A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including reasonable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects."

Jan 1, 1990

By E. Ghali, W. Zhang, M. Robichaud, G. Houlachi

"The performances of six mesh and one plate dimensionally stable anodes have been investigated in the zinc electrolyte at 38oC and compared to conventional silver-lead alloy anodes. The electrochemical behaviour of these anodes was studied by cyclic voltammetry, galvanostatic, potentiodynamic, open circuit potential and electrochemical noise measurements. It was observed that at the end of 24 h of galvanostatic polarization at a current density of 50 mA/cm2 in the zinc electrolyte at 38oC, the mesh V had the lowest potential followed by mesh III, mesh VI, plate-V, mesh IV, mesh I, and mesh II electrode. When the potentials for mesh I, mesh III, mesh IV, VI and plate-V, mesh V were compared with that of the Pb-0.7%Ag anode (1920 mV/SHE), they were found to be 6%, 16%, 7% 10%, 17% lower, respectively.After 16 h decay following the 24 h polarization, the mesh III had the lowest corrosion rate (51 mS/cm2) among the seven specimens, followed by the plate-V, mesh V, VI, IV, I and II (221 mS/cm2). For the fresh surface as received, after two hour open circuit potential measurements, mesh I had the most positive (noble) potential (1382 mV/SHE) among the seven electrodes followed by the plate-V electrode, mesh V, mesh IV, mesh VI, mesh III and mesh II (751 mV/SHE). After consecutive series of electrochemical testing, mesh V, mesh III, mesh VI had lower corrosion rates (~ 343± 6 µA/cm2) than that of mesh IV, mesh I, plate-V, and mesh II (~ 644± 143 µA/cm2).INTRODUCTIONThe continued use of lead based anodes in the electrowinning process has been mainly due to their relatively low cost as compared to other materials (Msindo, Sibanda, & Potgieter, 2010). They have good electrical conductivity, stability during electrolysis, very good corrosion and wear resistance (Ivanov, Stefanov, Noncheva, Petrova, Dobrev, Mirkova, Vermeersch, & Damaerel, 2010). However, lead-based anodes give their high energy consumption and low corrosion resistance for electrowinning. To overcome these problems, Dimensionally Stable Anodes (DSAs) has been chosen (Msindo et al., 2010). Comparing to the traditional lead anodes, the DSA anodes have many advantages: (1) no contamination; (2) no loss of anode material, pure electrolyte; (3) lower gas bubble effect through special anode designs; (4) use of higher current densities (Msindo et al., 2010). The success of DSA anodes has been attributed to their chemical stability that allows them to maintain nearly constant dimensions during the life of the anode even when operating in environment with low pH values. Due to their stability, the consumption rates of DSA are as low as 1 mg/amp.y (Alfantazi & Moskalyk, 2003)."

Jan 1, 2016

By R. J. Rotzinger, K. W. Major

The Gibraltar Mine and Mill facility were commissioned in 1972 by Gibraltar Mines Ltd utilizing a flowsheet consisting of two stages of crushing followed by a rod mill / ball mill grinding circuit. During operations a number of opportunities were evaluated to expand the mill capacity; however, the economics of the day did not allow any of these projects to proceed. The mine continued to operate until late 1998 when it was shutdown and put on care and maintenance due to low commodity prices. Taseko Mines acquired Gibraltar in 1999 and in 2004, with the improvement in the metal markets, made the decision to restart operations. During the restart planning a number of opportunities for mill improvements and upgrades were identified and, after operations were successfully restarted, the decision was made to once again review expansion opportunities for Gibraltar. Taseko evaluated various expansion alternatives eventually deciding to install a SAG Mill, convert the existing rod mills to ball mills and distribute the SAG discharge to the resultant six 6 parallel ball mills. This paper discusses the design, implementation and commissioning of the SAG mill grinding circuit.

Jan 1, 2012

By H. Langlois

"Included in the Mines Gaspe mining complex located at Murdochville, Quebec, is a copper smelter which comprises a reverberator furnace, two Peirce-Smith converters, an anode furance, and a sulphuric acid plant.The 50% smelter capacity available is supple mentedby custom concentrates for treatment. As these concentrates can be varied and extremely complex many modifications and improvements have been brought about to optimize and make the process more flexible since its inauguration in 1955.IntroductionThe copper smelter of the Mines Gaspe mining complex is located in Murdochville, a small municipality in the heart of the Gaspe peninsula, 90 km northwest of the town of Gaspe .This metallurgical installation has a daily smelting capacity of 650 tonnes of concentrate and an output of 250 tonnes of copper and 900 tonnes of sulphuric acid. Its main components are: a reverberatory furnace, two Peirce-Smith converters, one rotary anode furnace and one acid plant. The gases, which are produced by the converters, are treated at the acid plant then combined with gases from the reverberatory furnace before being vented through a 152 metre high stack .From the beginning of its operation until the present day (1991), the smelter has treated 7 million tonnes of concentrate and 100 thousand tonnes of scrap for a production of 1.8 million tonnes of copper and 2.2 million tonnes of sulphuric acid."

Jan 1, 1993

By S. S. Rahman, A. Gholami, M. A. Aghighi

"This paper provides a foundation for studying the growth of fractures in presence of other discontinuities and different anisotropies of low permeable hydrocarbon formations and helps to improve the design strategies for multistage fracturing.The multistage fracturing technology has recently been used to exploit low permeable hydrocarbon reservoirs. However, the mechanism of hydraulic fractures interaction and the impact of local heterogeneities on ultimate trajectory of the growing hydraulic fractures are not yet understood in depth. A fully coupled poroelastic Finite Element based model is developed to investigate the mixed mode propagation behaviour of growing hydraulic fractures. This model takes advantage of an explicit representation of the fracture which enables us to take the effects of rock and fluid related parameters into account. Moreover, impact of fracture geometry and leak-off phenomenon is investigated. The refined mesh around the crack provides the added advantage of more detailed stress distribution, pore pressure change and back stress in the vicinity of the fracture and in particular at the fracture tip. The potential deviation propensity of the fractures is evaluated based on the fundamental rule that fractures propagate perpendicular to the direction of the minimum horizontal stress.This study shows that pressurization of transverse hydraulic fractures results in the reorientation of local principal stresses, particularly in vicinity of fracture tips. Variation of flow patterns clearly influences the evolution of shear stress around the fracture tips which will potentially lead to mixed-mode I and II fracturing and consequently, fracture deviation. The presence of local heterogeneities such as preexisting fissures and/or fractures is a main source of such pore pressure induced stress redistribution and reorientation and potential deviation of hydraulic fractures.Most existing models ignore or simplify the effect of pore pressure/stress coupling as well as the fracture geometry and fluid flow within the fracture. Also, the fluid leak-off from the hydraulic fracture into the formation, which is a controlling factor in fracture growth, is often considered using analytical models. Taking advantage of a fully coupled porelastic model along with an explicitly discretized fracture, this study provides a more realistic insight into the complex fracture propagation processes of multistage fracturing operations particularly in presence of reservoir geo-mechanical complexities."

Jan 1, 2015

By R. del Villar, A. R. Laplante

"This article presents four grinding simulation programs, written in Applesoft BASIC. The firs t two calculate residence time distributions (RT Ds) for open and closed loops mills. The third program calculates the select ion functions from the RTD, breakage function and particle size distribution (PSD) o f the feed and discharge. Two linear regression programs are also included to calculate the breakage function. These results are used in the fourth program to simulate continuous or batch grinding kinetics.The modelling approach presented is the size discrete, time continuous matrix formulation presented by Reid (1965) from concepts originally proposed by Epstein (1948). It is at the present time the most widely accepted phenomenological model of grinding kinetics and is standard textbook material (Austin et 01., 1982; Kelly and Spottiswood, 1982, p. 152). The concepts of RTDs and tracer testing originated from chemical engineering theory and practice, and are well presented in Leven spiel (2n d Ed . 1972 , Ch. 9) .Applesoft* was chosen because it is compatible with many micro computers. It is also one of the simplest and least powerful BASIC versions. Thus it can easily be adapted to other more complex BASIC versions.Open Loop Residence Time Distributions (Program RTDOPEN)As mixing, channelling, stagnation and short-circuiting all affect slurry motion in tumbling mills, transport characteristics are very complex an d cannot be derived from fundamental principles. Fortunately , as grinding follows first order kinetics, transport characteristics for the purpose of grinding simulation ca n be represented by the RTD of the slurry phase . It is normally determined using liquid tracers, as it has been demonstrated and is commonly accepted that in industrial ball mill s, the RTD of the so lid phase is particle size independent and equal to that of the liquid phase."

Jan 1, 1985

Overview of Presentation Why Enter Agreements with First Nations Making it Win-Win ?The Principles The Process Making the Process Work Resource Agmts Defined Resource Agreements are legally binding agreements between a resource company and the First Nation(s) whose Aboriginal or Treaty rights may be impacted by the activities of the proposed project

May 1, 2009

By Al Gagnon

Since start-up in 1972, many circuit problems have been encountered, most of which were related to the abundance of fines (-28 mesh), which the circuit had not been designed to treat. The major problems associated with the original circuit included excessive loss of magnetite, reduced throughput during periods of a high proportion of fine coal in the plant feed and low yield in the fine coal circuit. This paper outlines the coal processing circuit at Fording Coal Limited as it exists today, with emphasis on the changes to the original fine coal treatment circuit.

Jan 1, 1978

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 Robert B. Parsons

"A study recently completed by the Prospectors and Developers Association, assisted by the author and computerized mine models he developed, presents a strong case that present tax rules severely handicap the junior exploration company relative to the established producer. This month, Tax Notes briefly summarizes the highlights of the study and some of the Association's ideas which came out of the study.IntroductionIn the case of any industry, a particular project or investment will generally generate a more attractive after-tax rate of return to a tax paying entity than to a non-tax paying entity: the ability to shelter current taxable income with tax deductions related to the project or investment can present a definite advantage as compared to shielding taxable income in the future with the same deductions. But, this advantage is probably seen nowhere more clearly than in the mining industry where the tax rules allow for substantial up-front write-off's. Studies show that the junior mining company which is earning no taxable income currently can be seriously disadvantaged, compared to the mining company which is currently generating taxable profit and paying taxes. This is particularly disturbing when one considers the importance of the junior segment of the mining industry. One might well ask where the equity is, in a tax system which causes the junior company to look at a deposit and see rock in the ground, when at the same time the deposit represents a viable mine to an operating company. This inequity and the importance of the junior mining company have been recognized to some extent in the income tax legislation. In recent years, the expansion of the rules for deducting certain earned depletion allowances against any source of income, and changes to improve the flow-through share rules, have gone part way in helping to put the junior on a more equal footing with the operating company. But it is questionable whether or not these helpful changes to the tax rules have done enough to alleviate the apparent inequities in the income tax legislation."

Jan 1, 1985

By Ronald C. Schimmel

In 2006, the Corus IJmuiden pellet plant produced approximately 4.6 mln tonnes of pellets. Corus IJmuiden is about to increase its pig iron production to 6.4 mln tonne HM per annum. The burden of the Corus IJmuiden blast furnaces consists of approximately 50% high basicity sinter and 50% acid pellets, both produced in-house. To enable an increased iron production, the capacity of the pellet plant needs to be raised to 5.0 mln tonne per annum. The capacity is increased by modifications to the plant layout, which were implemented during the 2006 cold maintenance stop. In addition, the composition of the ore blends is optimised to gain productivity.

May 1, 2007