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Post--Crunch Financial Management -An Overview A. The Industry and the Capital Markets B. .The SME -De-risking the Current and New Assets Followed by: C. The Lender?s Perspective on Re-financing?Jeff Stufsky, BNPParibas, NYCD D. .The Agency/Export Credit Lender Perspective?Doug Macaulay, EDC, Ottawa E. The Foreign Political Insurance Perspective?Pierre Vieillescazes, Carrick-Bend, Washington, DC ?Four Fundamental Metal Models No Longer Prevail. ?Mining is in new ?waters?: so be prepared (next page). ?Capital markets are uncertain-so be your own financier first ?If tight capital may remain, prepare to triage based on cash-flow production (not oz, lbs, tonnes, etc) ?Know your banker/financier(and it should know mining) ?In the past, it was ?know your borrower? ?The climbing team can fall if one climber carries too much ?Constantly re-assess the risk matrix (and j/v?s), and ?De-risk/diversify both the asset and the capital base

May 1, 2010

By Roger Reed

It is well known that the performance and carbon emissions associated with the modern gas turbine engine depend critically upon the properties of the nickel-based superalloys, particularly those used in single crystal form. However, the design of all alloys in current use has been essentially empirical, or at best heavily reliant upon regression/neural network analysis of experimental datasets. In this paper, alloy design approaches [1] are described which are able to identify new alloy composition spaces which are worthy of experimental study. It is shown that a large amount of design data can be generated, which can be interpreted in different ways. Of course, the success of the approach depends heavily upon the accuracy of the underlying sub-models. Estimates of the creep resistance, cost, castability, density and oxidation resistance are made. It is demonstrated that these methods allow quantitative trade-offs to be made between the properties of interest.

Jan 1, 2010

By Julie Q. Shang

The electrokinetic (EK) technology for dewatering of two tailings from the uranium mines in Northern Saskatchewan is studied in bench scale experiments. The study includes four phases: 1. Characterization of two uranium mine tailings; 2. Assessment of voltage loss on the coated Ti anode and water interface. 3. EK cell test series to measure electrokinetic permeability (ke) of two tailings; 4. EK dewatering test series to study electrokinetic enhanced gravity dewatering on two tailings samples. The results have demonstrated that both tailings responded positively to the EK process. For the tailings containing gypsum, the EK dewatering should be a short term process (within one hour) with anode conditioning (pH adjustment). The tailings containing clay minerals responded well to EK dewatering, in which pH adjustment is optional and will further enhance the EK flow. Both tailings as tested have low hydraulic conductivity and are particularly suitable for EK dewatering and consolidation.

Aug 1, 2010

By T. Watanabe, M. Nakagawa, K. Kimapong

Ultrasonic wave was irradiated on metal surface in water to introduce compressive residual stress. The ultrasonic wave that was oscillated with 19.5 kHz ultrasonic transducer and amplified with a step type horn was irradiated. Slight plastic deformation occurred at the surface region of pure metal such as Cu and compressive residual stress was introduced. It seemed that the plastically deformed depth from the metal surface corresponded approximately to the depth of introduced residual stress. The higher compressive residual stress could be introduced into the surface of Cu-Zn brass and SUS304 stainless steel because work-hardening was simultaneously induced to those alloys. Furthermore, since martensitic transformation was induced by the plastic deformation in the case of SUS304, the compressive residual stress could be introduced more deeply into the surface region. The residual stress of SUS304 reached to the maximum value of 574 MPa by irradiating for 5min.

Jan 1, 2004

By F. Schulz

NA's primary smelter has continually increased its production output in the past decade, making it necessary to improve the lifetime of the casting moulds for copper anodes. The current throughput of more than 1,100,000 tonnes per year of copper concentrates amounts to an output of about 450,000 tonnes per year of anode copper at NA's Hamburg plant. The anodes are cast on a single casting wheel with 24 anode moulds. Besides the stable chemical analyses, the reproducible geometry of the anodes is an important precondition for the success of the subsequent electro-refining process. The anode moulds are subjected to thermally-induced alternating stress and side reactions with the melt. Typical signs of wear will be shown and discussed. Different processes to produce anode moulds will be introduced and the results in terms of their lifetime and the quality of the anodes themselves will be discussed. Finally an outlook is given on possible efficiency improvements.

Jan 1, 2007

By Jucheng Wang

Unplanned open stope dilution is a major cost factor for many mining operations, even though significant advances in empirical and analytical approaches for estimating stope dilution have been made. Many factors that influence hanging wall dilution are still either ignored or assessed in purely subjective terms. Undercutting the stope hanging wall on both the overcut and undercut development are well recognized factors which contribute to hanging wall instability and dilution. In many mines, undercutting the hanging wall breaks the integrity of the rock mass that may form along continuous foliation or bedding planes parallel to the stope hanging wall contact, reducing stability. This undercutting also increases the zone of destressed or relaxed rock that may potentially fall into the open stope as dilution. An approach is introduced for quantifying the effect of undercutting on potential stope dilution. An extensive database of stope case histories has been collected to look at dilution from Hudson Bay Mining and Smelting operations (HBMS) in Flin Flon.

May 1, 2002

By M. Kawahara, H. Sunayama

Oxidation rates of the cubic specimens, which were prepared by cutting the shaped magnesia-carbon bricks, were measured continuously with a thermo balance in the temperature range from 1273 to 1 823 K in N2-02 and Ar-02 mixed gas with 2.1 x 104 and 3.7x 102 Pa of oxygen partial pressure respectively. The effect of the graphite content, the maximum grain size of magnesia clinker and the oxygen concentration in the atmospheric gas on the oxidation rate for the MgO-C refractory has been investigated. The value of effective diffusion coefficient of O2, which diffuses through the porous decarburized layer, decreased with the decreasing of the porosity and the oxygen concentration in the external gas phase. It was speculated that the dense layer formed easily due to the high tortuosity of pores and the low recession speed of the carbon interface in the MgO-C bricks.

Jan 1, 2004

By Steven Aiken

The East Boulder Mine located in Montana, U.S.A. utilizes snowmaking to assist with mine water treatment for nitrogen removal. Nitrogen species, including ammonia, are common contaminants in mine water from underground mining operations. Snowmaking provides secondary treatment of nitrogen during the winter due to the chemical and physical processes that occur during snowmaking, in the snow pack and in the snowmelt. The primary processes include atomization, evaporation, sublimation and volatilization. The snowmakers also provide secondary treatment for nitrogen removal when used as evaporators and/or land application units during the summer. In 2002, the snowmaking process was successful at reducing total nitrogen in the mine water by up to 87%. If additional losses due to soil and root zone processes are included, total nitrogen reduction would increase to between 87 and 97%. Snowmaking is an effective nitrogen reducing treatment method during the winter when other treatment methods such as land application cannot be used.

May 1, 2004

By K. Madi, E. Yeugo Fogaing, S. Forest, M. Boussuge, L. Massard, M. Huger, Gaultm C.

This study has been carried out owing to the French research program PROMETHEREF, which aims to improve the knowledge of thermal and mechanical properties of industrial refractories at high temperature. In this frame, this paper relates a collaborative study between Saint-Gobain CREE, R&D Centre for Saint-Gobain Ceramics & Plastics in Europe (Cavaillon), the Materials Center P.M. Fourt of Ecole des Mines de Paris (Evry) and the Research Group on Heterogeneous Materials (GEMH) of ENSCI (Limoges). Data collected at high temperatures by using different means (bending tests, ultrasonic measurements,...) allows the identification of the high temperature behavior of two fused cast materials, produced by Saint-Gobain group for the glass manufacturing industry. The results emphasize the importance of the transformation of zirconia and of the viscosity of the glassy intergranular phase on the mechanical behavior. Damage under the form of microcracking caused by thermal expansion mismatch between the phases is also observed during cooling down at low temperature, when the material is elastic.

Jan 1, 2004

By M. Boussuge

Ceramics and refractories have many common constituents and consecutively exhibit several analogous properties. For example, concerning the thermomechanical properties this paper will focus on, the type of creep that can be observed in both materials is often the same (kinematic hardening). Changes in microstructure (phase transformation, dehydration, sintering, crystallisation,...), induced by heating and/or cooling, can also drastically modify the mechanical behaviour of ceramics and refractories. But the coarse granulates, the porosity and the impurities contained in industrial refractories may lead to specific responses of this material to thermal and/or mechanical loadings. In particular, some differences can be observed with technical ceramics in the main type of damage observed in service : diffuse damage in refractories (microcracking) and localised damage in ceramics (macrocracking). In this paper, the possibilities of transferring a part of knowledge from ceramics to refractories will be discussed, in the field of thermomechanical properties : experimental characterization techniques, mechanical behaviour models. Finally, some problems caused by scale effects and by the integration of thermomechanical properties of refractories in the numerical simulation of industrial structures will be evoked.

Jan 1, 2004

By E. A. Haack, L. A. Warren

Microbial biofilms are essentially biologically driven, geochemically reactive interfaces between solid surfaces and aqueous solution. Field investigation of acid rock drainage (ARD) associated biofilms at the Onaping nickel mine (Onaping, ON, Falconbridge Ltd.) characterizing: (1) micro-geochemical gradients (pH and 02) (2) metal fractionation amongst biofilm solid components, and (3) microbial communities; over both seasonal and diel timescales, indicates biofilms are highly metal reactive. Results show that biofilms accumulate metals seasonally within two microbially controlled solid fractions: amorphous hydrous manganese oxide (HMO) biominerals and the organic biofilm matrix. The biofilm geochemical microenvironment, driven largely by microbial activity, dynamically impacts biofilm metal behaviour over diel timescales. These results indicate that microbes can play significant roles in bulk system reactive metal transport. On-going investigation seeks to characterize the microbial players and the microbial-geochemical linkages involved in Mn oxyhydroxide formation and subsequent metal sequestration, with the goal of engineering this microbial activity as a bioremediative approach. This approach will have utility beyond specific application to the Falconbridge Onaping site to ARD mine environments in general, as the likely microbes involved in these processes are typically common across ARD systems.

Jan 1, 2004

By B. Zhu, W. E. Lee, N. Li

Al powder is used extensively as an antioxidant in carbon-containing bricks, but it cannot be used directly in water-based carbon-containing castables due to its hydration tendency. To overcome this problem, in this work, SiO2-PVA (polyvinyl alcohol) inorganic-organic hybrid coatings have been prepared via sol-gel processing, and used to coat Al powder. The hydration behaviour of uncoated and coated Al powders has been investigated in water at 60 or 100°C for 36h by examining phase and microstructural changes. While significant hydration is detected in uncoated Al powder, no obvious hydration is detected in coated Al powder, indicating that its hydration resistance has been greatly improved. Oxidation resistance of graphite coexisting with uncoated or coated Al powder was also investigated in air at 1250°C for 1.5h. The oxidation ratio of graphite coexisting with coated Al powder was similar to that of graphite coexisting with uncoated Al powder, indicating that both powders showed similar antioxidising behaviour. This, along with the much improved hydration resistance, makes the coated Al powder a potential antioxidant in carbon-containing castables systems.

Jan 1, 2004

By Steve R. McCutcheon, Cees R. Van Staal, John P. Langton, Leslie R. Fyffe

Abstract -The volcanic-dominated Tetagouche Group in northern New Brunswick contains numerous massive-sulfide deposits and intimately associated metalliferous sediments. The massive sulfides are generally hosted by Llanvirnian-Llandeilian volcaniclastic sedimentary rocks of the Nepisiguit Falls, Patrick Brook, and Boucher Brook formations. These formations are intercalated or closely associated with rhyolitic-dacitic flows and/or domes, and minor continental tholeiites of the Flat Landing Brook Formation. Pyroclastic rocks are relatively scarce in the silicic volcanic complex. Tuffites and epiclastic sandstones, of the Nepisiguit Falls and Patrick Brook formations, respective­ ly, generally occur along the fringes of the silicic volcanic complex. The flows and tuffites are intruded by quartz- and feldspar-phyric rhyolite (porphyry) dykes, sills, and domes. Although the volume of the silicic volcanic complex is large, evidence for a previously proposed collapsed-caldera model is lacking. On the basis of host-rock type and stratigraphic position, the sediment-hosted massive sulfides have been divided into three groups: the Brunswick-, Caribou- and Halfmile Lake-type deposits. Syngenetic feeder pipes and asociated alteration zones are generally not present beneath the Caribou- and the Halfmile Lake-type deposits and, if present at all, are poorly developed underneath the Brunswick-type.

Jan 1, 1992

By J. A. Muñoz

In this work, short and long-term tests were performed using different massive mineral sulfide specimens (chalcopyrite, pyrite, sphalerite, galena, covellite and chalcocite) of museum grade and quartz of analytical grade in an acid medium containing silver ions. After attack, the samples were observed by SEM and products characterized by EDS. Parallel, massive specimens of pyrite (FeS2) and chalcopyrite (CuFeS2) were embedded in an epoxy resin, either electrically isolated or in electrical contact, and treated with silver ions in the presence of bacteria. Finally, massive chalcopyrite and pyrite electrodes were subjected to electrochemical measurements in an acid medium under different experimental conditions (addition of silver ions and inoculation). The results showed that silver deposition takes place preferentially on specific mineral surfaces: chalcopyrite, galena, covellite and chalcocite. The chemical reaction of silver ions with pyrite and sphalerite was negligible at low silver concentration (8 ppm). But sphalerite reacted with silver ions at higher silver concentration (100 ppm). In a mixture of chalcopyrite and pyrite, silver was deposited on the former surface creating new cathodic sites which sped up the electrochemical reactions of chalcopyrite dissolution.

Jan 1, 2007

By Min-Yuan Cheng

Landslides not only cause interruption of road traffic but also cause damage to passing by vehicles and injure people in Taiwan. Due to the budget limitation of government, the overall assessments and maintenance of all road slops cannot be fulfilled. Priority of road for maintenance is a crucial task for road maintenance department to identify. The purposes of this research are to develop an assessment method for the landslide risk and to make strategies to maintain or repair the slopes along mountain roads. To aim both needs to take into account the environmental conditions of the slopes, the engineering measures for stabilizing road slopes, the transportation issues, and the human concerns when dealing with the slopes maintenance along the mountain roads. This study firstly establishes the Landslides Damage Risk Evaluation Model (LDREM) to calculate the risk of slope failure, considering the probability of landslides, temporal probability, spatial impact probability, the value of human life, transportation time increased, and travel cost due to detour etc., and then the loss of life and transportation can be calculated. Secondly, based on the value of risk and the risk evaluation, considering the risk acceptance criteria for loss of life could provide assistance for road maintenance department to determine the priority of mountain roads for maintenance.

Aug 1, 2013

By Masafumi Maeda

Metal recycling and waste treatment have become common issues in various metal industries, notably, the iron and steelmaking industry and the nonferrous industry. The former tends to treat mass wastes such as municipal wastes or plastics. However, volatile compounds are condensed in dusts of their incineration processes and they should also be treated, likely by the nonferrous industry. Those "end-of-life" products contain heavy metals that might be harmful to mankind and should be handled by the non-ferrous industry. Not only revenue derived from regeneration of metals from the secondary materials but also the revenue generated from the treatment charges is a strong attraction for nonferrous industry to process secondary materials. The present study presents some statistical data of the Japanese corporations in the iron and steelmaking industry as well as the nonferrous industry on their revenues generated from processing of secondary materials. Some of the companies are now concentrating their business resources on new areas of the market. Although the quantity of waste or recyclable material is still small at present, the quantity will increase in the near future, and it is anticipated that international collaboration is required to handle the greater variety and the larger quantity of secondary materials.

Jan 1, 2004

By E. Rezaei

Glue is an animal protein that is used with other organic agent such as thiourea, in copper electrorefining. The concentration of glue has to be controlled carefully, because the electro-deposition process is often very sensitive to small fluctuation in the operating variable. This additive (glue) prevents rough and nodular copper cathode deposits. The nodular deposits may grow causing short circuits, which results in losses in production. Addition agents are effective in controlling metal growth; they modify the normal nucleation and lattice growth steps and refine the grain structure. In this research glue concentration was determined in an industrial copper electrolysis plant. A non-linear model with high capability was constructed and after optimizing its parameters, the accuracy and precision of the model were evaluated. For determination of glue concentration, electrochemical voltammograms in optimum condition (Differential pulse voltammetry technique, Hpulse=50 my, scan rate=10 mv/s) were plotted. Some information from voltammograms was transferred to the model as inputs and the calibrated model analyzed the information and the glue concentration was determined with high precision and accuracy. In this way there is no need to separate or add agents to remove interferences. This method has been successfully applied at Sarcheshmeh copper complex.

Jan 1, 2007

By Timothy D. Dreger

In the spring of 2009, Suncor Energy Inc. technical personnel saw an opportunity to improve planning 0and mining of overburden material in order to address aggressive construction goals and increased mining complexity. By tying together current and historical equipment performance, geological model information, and material observation in the field new operating elevations for the shovels were developed. At the same time, methodology of recording and reporting overburden movement through the Modular Mining DISPATCH system was changed. The result of this first stage of improvements was an increase in construction-grade material available at the face. The personnel involved realized that other opportunities were available to build on the initial successes and establish processes that would stand up to attrition and experience levels. A cross-functional technical team was assembled to identify ways of further improving workflows around overburden mining. Some of the opportunities realized include greater alignment between planning, reporting and operations as well as development of reporting tools that help steward Mine Operations to the plan. All of which have resulted in Suncor meeting or beating its forecast overburden targets. The cross-functional technical team continues to seek out new and better ways of doing business so Suncor can continue to deliver on its commitment of outstanding performance and results.

May 1, 2011

By H. T. Michels

Recent laboratory studies show that several bacteria, known to be human pathogens, die when they come in contact with copper and copper alloy surfaces. The amount of live bacteria drops by several orders of magnitude, to zero, on copper alloys in a few hours. In contrast, no reduction is seen in the concentration of live organisms on stainless steel during the six-hour test period. Aluminum painted and coated surfaces and plastics would show behavior similar to stainless steel and show no effect. Coatings and other surfaces claiming to be antimicrobial showed little to no effect. These results suggest the selection of copper alloys for surfaces exposed to human touch can materially assist in reducing the transmission of infectious organisms. In order to make antimicrobial claims in the United States, the approval of the US Environmental Protection Agency (EPA) is required. The EPA-required efficacy testing is described and the test results are summarized. It is anticipated, that once regulatory approval is obtained, that this will facilitate the introduction of antimicrobial copper alloys in hospitals, nursing homes and other healthcare facilities, as well as schools, and public buildings. Some of the application and barriers, to entry into the healthcare markets are mentioned.

Jan 1, 2007

By D. W. McDonald, N. A. Duke, R. L. Hauser

"The NERCO Con Mine is situated in the amphibolite facies aureole of the Western Plutonic Complex overprinting the Yellowknife Greenstone Belt. Metamorphic grade of the upright monoclinal basaltic succession decreases from hornblende-amphibolite facies along the border of the batholith to greenschist facies. Metamorphic isograds, subparalleling the faulted margin of the batholith, transect volcanic stratigraphy and coincide with major goldbearing shears.Gold mineralization is confined to north-striking, west-dipping shear zones where hangingwall amphibolite facies mineral assemblages retrogress to chlorite-carbonate-sericite-sulfide bearing schists hosting multiple generations of quartz-ankerite veins. The gold-producing portions of the Con and Campbell Shears occur where these structures transect an east trending thermal corridor. The corridor is defined by granitic plugs and a number of related breccia bodies, that can be traced outwards from the batholith across the greenstone belt.Prograde reactions of greenstone during amphibolitization effectively liberate fluids that partition metals. With retrograde reactions at shear zones, gold is precipitated with quartz due to the destabilization of sulfide and arsenic complexes. The coupling of regional prograde metamorphic and restricted retrograde metasomatic overprints suggest mineralization is temporally related to emplacement of the Western Plutonic Complex. Economic gold concentrations within the intrusive corridor indicates enhanced metamorphic overprint of hornfelsed greenstones enveloping satellite intrusives peripheral to the main batholith."

Jan 1, 1993