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By Michael R. McPhie

Topics of Discussion 1. The Global Mining Initiative (GMI) and MMSD North America (Brief) 2. Task 2 of MMSD North America ? A Test for Sustainability 3. The Seven Questions and their Application 4. Key Recommendations and Next Steps GMI = Global Mining Initiative Significant international collaborative effort supported by more than 30 of the world?s largest mining/minerals firms which sought to involve all communities of interest. Three major streams of activities: 1. Mining, Minerals and Sustainable Development Project (MMSD) ? 4 regional Process (North America, Southern Africa, South America, Australia) 2. Creation of ICMM (formerly ICME) 3. Major conference in Toronto in May, 2002

May 1, 2002

Presentation Plan Hoist ropes ?Importance ?Mandatory and routine Inspections Continuous monitoring of wire ropes for mine hoisting ?Why a continuous monitoring of mine hoisting ropes.? ?Description of the ??Contiscan?? monitoring system ?Information data gathering Advantages of the ??Contiscan?? monitoring system ?Visual rope inspection on daily basis ?Monthly inspection ?Payload capacity flexibility and potential increase for deep mining operations. ?Periodical inspections by external experts ?Importance of the costs associated with hoisting production shutdowns. Commercialization and availability

Aug 1, 2013

By T. Yameogo

Many ideas, tools, technologies, and methodologies are believed to have staked their claims on the future of mining. For example, automation is strongly positioned as the platform within which mining will be practiced. A subset of automation ? intelligent mining ? will add some smart interactions between machines, technologies, the rock, and the environment. The future also calls for an improved approach to sustainability and corporate social responsibility. Mines of the future are dreamed of to be more ethical and more balanced. They will boast optimized designs, integrated value and supply chains, produce less waste, recycle and reuse, and will require less energy to operate. Then, what about the people that will operate this optimized ecosystem? How is the education system teaching the operators of the mines of the future? What kind of a future should mining education foresee to prepare the workers appropriately? In recent years, the shortage of skilled labor for mines around the world has created a tough competition to attract, retain, and train the very people without whom mining will cease to exist. In Australia, Canada, and the United States in particular, the war for talent has resulted in higher-than-usual labour costs. Such costs have dented the unit costs of many mining businesses. Concomitantly, mining contractors? and consultants? prices have increased to reflect the escalation of labour costs across the value chain. From labourers to engineers, from juniors to seasoned professionals, the increase in compensation is unprecedented. Yet, the shortage is still hurting the industry, and the high calibre candidates continue to be rare gems. The industry has been implementing aggressive solutions that include the increased hiring of skilled immigrants, the training and recruitment of minorities, and the retaining of near-retirement experienced employees. Public relation campaigns about the benefits of embracing careers in mining are also common. The CIM has also devoted a ?M4S? section to its pan-Canada meetings to educate the public, especially the youth, about the importance of the mining industry for Canada. Moreover, mining associations and universities are enticing students? enrolment through scholarships and financial support. Still, the balance between quantity and quality of workers can be discussed. This paper intends to discuss the present state of mining education as an essential part of the future of mining. The authors brush the picture of the education of miners, technicians, and engineers, against the backdrop of the technology-advanced mines of the future.

Aug 1, 2013

By D. B. Langford, R. Hart

"This paper presents an overview of the state-of-the-art in industrial and utility power metering and control systems with particular emphasis on Digital Power Meters and Power Demand Controllers.IntroductionModern micro-processor technology, combined with very fast, high accuracy analog to digital converters, is rapidly allowing economical, digital power instrumentation systems to replace the traditional electro-mechanical meters and equipment previously used for instrumentation, control and protection in industrial power systems. Consequently, instrumentation and Supervisory, Control and Data Acquisition (SCADA) systems that were only practical for the very large utility or user are now available to smaller utilities and users. The information available includes sequence of event recording, trend logging, energy management cost allocation and automated load control, among others. The heart of any power monitoring system is the Digital Instrumentation Package (DIP) . These ""DIP's"" include Digital Power Meters (DPM's) and Power Demand Controllers (PDC's) as well as other specialized instrumentation packages such as Mini RTU's."

Jan 1, 1991

By Deni Côte, Michel Dagbert, Marcel Vallée

"Greater reliability of mineral deposit and reserve estimates can be attained through better quality control of the data and information acquisition, and the estimation processes. This paper reviews the following key requirements:1. greater awareness of the significant figures of both data and estimates, and better understanding of the probabilistic aspects of the estimates, their confidence limits and margins of error;2. greater reliability of the information that supports the estimates, by more explicit and more rigorous methods and standards for data acquisition and for interpretations;3. more quantitative estimations of geological/mineral continuity, based on improved three dimensional sampling patterns and the use of geostatistics; and 4. better integration at the project engineering and mine production stages, of the mineral deposit characteristics and mining method constraints, for more efficient mineral recovery and mine quality control.RÉSUMÉUne plus grande fiabilité des estimations des gisements et des réserves minières requiert plus d'emphase sur le contrôle de la qualité de I ‘acquisition de l'information et du processus d'estimation. Les exigences suivantes sont revues:1. le respect du niveau d'exactitude des données et des estimes en n'utilisant que le nombre approprie de chiffres significatifs des observations et mesures, et en exprimant le niveau de confiance et la marge d'erreur des estimations;2. l'amélioration de fa fiabilité des données par des normes plus rigoureuses pour leur acquisition et leur vérification, et par des méthodes plus systématiques d'interprétation et de modélisation;3. l'estimation plus rigoureuse de la continuité des minéralisations dans les trois dimensions des gisements, par des patrons échantillonnages mieux adaptes awe paramètres géologiquement minéralogiques, et par l'utilisation des méthodes géostatistiques; et4. l'intégration plus poussée, particulièrement lors de la planification de l'exploitation minière, des caractéristiques des gisements avec les contraintes des méthodes d'exploitation, pour améliorer la récupération et le contrôle de la qualité en exploitation."

Jan 1, 1993

By Walter Koellner

Today?s large electric mining shovels are significant users of power and represent peak loads of more than 3.5 MW to a mine?s distribution system. The power swings during normal operation can influence the line voltage at the Point of Common Coupling (PCC). The static converters for the shovel?s motions also create voltage and current harmonics which are fed back into the mine?s power grid. In addition, shovels themselves are affected by the power quality of the mine?s distribution system. This paper introduces the use of active IGBT rectifiers, also called Active Front Ends (AFE), as alternative to conventional, line commutated SCR thyristor rectifiers. The AFEs convert the AC line input into a controlled DC-link voltage. This DC voltage is then used as input to IGBT inverters, which power the AC motors of the shovel?s Hoist, Propel, Crowd, and Swing motions. The introduction of AFEs creates the following operational improvements: i) reduction of the Harmonic Current Distortion THDi from more than 40% to less than 4%; ii) full regenerative operation; iii) the potential for line voltage stabilization at the PCC; iv) high tolerance for line voltage fluctuations; v) improved dynamic performance, and, as result vi) higher availability and productivity of the shovel.

May 1, 2001

By Masaru Kato

The plated gold being used by the electronics industry can be broadly classified into two categories: soft gold and hard gold. Soft gold is used for circuit metallization and for bonding semiconductor chips, while hard gold is indispensable as the contact material on electrical connectors, electromechanical relays, and printed circuit boards. The traditional baths from which to plate soft gold as well as hard gold contain the cyanide complex, [Au(CN)2]-, as the source of gold, which liberates free cyanide ions during the plating. The free cyanide is not only highly toxic but also attacks photoresists used to delineate circuit patterns and bonding pads. For these reasons, non-cyanide baths are in use to plate soft gold, whereas hard gold can be plated only from cyanide baths at present. In this presentation, the current status of both electrolytic and electroless non-cyanide processes for plating soft gold will be reviewed.

Oct 1, 2003

?Introduction to the Delphi Group ?Why is carbon important to your organization ?Key elements of a carbon management strategy ?Inventory ?Risk & opportunity scan ?Mitigation options and financial mechanisms ?Identify targets and develop policy ?Communication and improvement ?Manage for success

May 1, 2009

By A. Chieregato, C. G. Oñate Salazar, D. Martinelli, D. Peila, M. Barbero

This paper is aimed to confirm the possibility to excavate fractured rock masses by using EPB shields, even in presence of relevant water tables. This verification is based on laboratory test experiences carried out at TUSC laboratory of Politecnico di Torino, where the natural material is tested in order to verify the suitability of a certain conditioning technique in particular conditions. This is due to the fact that every case should be studied apart from existing studies on a certain rock type, as other factors such as fragmentation of the rock mass, natural water content and porosity of the rock can considerably influence the final result of the conditioning process. The most important aspects that allow to consider the conditioning of fractured rock masses as suitable are: possibility to create a plastic paste that can transmit the pressure at the front in a effective way; reduce the permeability of the spoil material in order to reduce the possibility of water leakage inside the chamber and eventually in the tunnel; verify the consistency of the conditioned material for the extraction through the screw conveyors and the belt conveyors. For this research an argillitic schistose rock mass, with some quartzitic and calcareous inclusions, has been studied by using different level of conditioning in order to verify the suitability of an eventual EPB excavation through this formation.

Jan 1, 2015

By P. C. Garg

"IntroductionThe Central Mine Planning and Design Institute (CMPDI) of India, started planning the extraction of thick seams highly susceptible to heating in 1977by the French method of sub-level caving and/or multi-slicing. Nitrogen flushing was proposed for inhibition of heating by the author in one such project - the Kotadih colliery.Inhibition of heating was unheard of in the Indian coal industry before 1977-78. The usual practice was to seal off a district or a part of the mine or the entire mine when spontaneous heating occurred. With very little equipment in a normal bord and pillar district and a low production rate, the financial loss in capital assets and in production did not warrant any serious thought for inhibition of spontaneous combustion. With the planned advent of longwall mining, particularly sub-level caving, with heavy capital investment as well as high production potential, the sealing of a longwall face due to spontaneous heating could not be considered an appropriate solution.Principle of Inhibition of SpontaneousCombustionFrench engineers have established that a fire will not break out when oxygen is 15% or lower in the general body of the air. However, once a fire starts, the percentage of oxygen has to be reduced to 2% - 4% to extinguish it. It is this principle which has been used at Blanzy Coalfield in France to inhibit heating and it is claimed that this has retrieved the integral sub level method of mining. Nitrogen infusion has been used in Frence since 1978 to keep the oxygen content below 14% in the goaf."

Jan 1, 1987

By Wei Ye, Lei Li, Xianjian Guo, Feng He

The purpose of the paper is to study the smelting process of copper concentrate with high Cu/S ratio produced in Africa or other areas around the world and theoretically analyze the influence of slag type on the smelting process. The paper has compared the processes used successfully in smelters, including CAPEX and OPEX and other factors, to provide reference for the industry to select the best process under specific conditions. INTRODUCTION At present, a great amount of copper concentrates with high Cu/S ratio, with chalcocite being the major source of copper, have been produced or are about to be produced in the Copperbelt in Africa and other countries in the world. The copper concentrate is usually high in copper (~30–55wt.%) and low in sulfur (~10–15wt.%). The conventional processes of smelting-converting and roasting-leaching-electro-winning for treating this type of concentrate is high energy and materials consumption such as electric power\fuels\flux et al. The direct-to-blister (one-step) smelting process can be considered favorable due to a reduction in processing steps. Up to now, there are four copper smelters in the world operating with the direct-to-blister smelting process. There certainly are problems in the process such as high copper content in the slag, strict operation requirement of slag cleaning electric furnace, etc. Except technical issues, the impact of factors on economical aspect such as power and material cost needs to be considered comprehensively in process selection. In this paper the technical issues of direct-to-blister smelting process, including slag treatment process, were analyzed and the comparison to the conventional processes and economic analysis of direct- to-blister smelting process to treat high Cu/S ratio concentrate were done.

Jan 1, 2019

By Douglas G. Jay

"Transfer points on belt conveyors have long been a source of problems for both designers and users. Conveyors are generally given a low priority in new equipment layout, thus designers are often forced to compromise due to space limitations. Consequently, for this reason as well as for reasons of initial economics, many conveyors are supplied with less than adequate transfer points.Although not intended as a cure-all, a number of existing installations have been modified with the result that spillage has been reduced to a minimum and belt life has been extended. The most striking modification consisted of replacing conventional rigid frame idlers with five-roll catenary idlers.Although catenary idlers can be traced back to the early 1900s in North America, with a patent having been issued in Washington, D.C. as early as May 29, 1907, the practical application of this concept has only recently reached North America. Major installations include applications at St. Lawrence Cement in Oakville and Iron Ore Company of Canada in Sept-Iles, as well as belt conveyors at Stelco's Nanticoke plant and yard conveyors at Syncrude in Alberta. These installations were part of major capital expenditures for new facilities and included complete conveyor systems.However, this article will discuss the use of catenary idlers on existing rigid frame conveyors for the purpose of absorbing the energy of falling lumps, protecting conveyor belts and reducing spillage. We will deal specifically with an installation at Inco Metals Company in Sudbury, Ontario, where approximately 40 five-roll catenary idlers were installed on a 42-in.-wide belt conveyor handling ore located under the railroad car dumper at the Clarabelle Mill. Before-and-after photographs clearly show the tremendous improvement in the cleanliness of the location, and the savings in maintenance costs and extended belt life have prompted Inco to consider modifying other conveyors."

Jan 1, 1982

By J. G. Bensley, K. S. Detheridge

"Many plants use computers for process control and most have computerized Management Information Systems but few have been able to have these systems interact with one another. Developing this system interaction is not a one-step process but requires careful planning and implementation. This paper describes two projects that were implemented to provide the bridge between the process control and management information systems of Cominco Limited. Both projects include the replacement of essentially process control systems installed in the late 1960s. These original systems provided an enhanced level of control in the form of Direct Digital Control (via computer/manual analogue control stations) and a management reporting capability of process data. The experience gained from the use of these systems over a period of fifteen years formed a basis for the evaluation and planning for the new systems. The new systems were commissioned in 1985 and 1986 and operating and further developments leading to a totally integrated process information and control system are underway. INTRODUCTIONThe concept of hierarchical control involves a control structure consisting of a number of defined levels. Each level performs a defined function with information consolidated and combined as it moves up through the hierarchical structure. The commonly accepted structure of a hierarchical control system echoes the structure of the plant which is being controlled. Referring to Figure 1:Level 0 - Sensors and ActuatorsSensors and actuators, such as thermocouples and flow control valves, interface directly to the process and are generally connected directly to the controllers or multiplexers at Level I.Level 1 - Regulatory ControlThis level provides basic PID control (proportional/integral/ derivative) typically using microprocessor based controllers and programmable controllers for digital control of motors and machines. Systems at this levelare usually segregated by plant unit, e.g, crushing, flotation, drying. Control is concentrated on achieving optimum conditions for a particular feed rate."

Jan 1, 1989

By M. J. Dry, G. B. Harris

"This paper presents basic chemistry and operating conditions for the hydrolysis of ferric chloride into solid hematite and gaseous hydrogen chloride, and shows how this unit operation can be applied in chloride hydrometallurgy to regenerate strong hydrochloric acid and reject iron without also rejecting valuable metals such as nickel, copper and cobalt. Two examples are used to illustrate the hydrolysis technology and compare it to existing technology. The first is the regeneration of spent steel pickling acid, comparing hydrolysis to conventional pyrohydrolysis. The second example is the processing of a hypothetical low grade nickel laterite, comparing the novel chloride hydrolysis route to conventional sulphate HPAL technology.INTRODUCTION Whilst, in many respects, the control and removal of dissolved iron from chloride leach solutions can resemble the manner in which it is done in sulphate systems, chloride chemistry additionally offers the ability to achieve the same objectives in different ways (Harris, 2014). Conventionally, iron is oxidised to its ferric state (if necessary) and then precipitated with a base, usually magnesia where the feed is a laterite and lime where it is a sulphide, since calcium will precipitate sulphate formed during leaching. One method for controlling iron is to form FeOOH, either ß-FeOOH (akaganéite), a-FeOOH (goethite), or a mixture thereof (Fillipou and Choi, 2002). However, if akaganéite is formed, the precipitate will contain a significant chloride component (as high as 7% Cl), leading to chloride losses and difficulty in satisfactorily disposing of the residue. Washing chloride from akaganéite is almost impossible due to the propensity of the solids to undergo peptization. The conventional approach requires the addition of a base, but it is based to some extent on controlled supersaturation precipitation (Demopoulos, 2009), which produces a more uniform and crystalline material and is far more attractive than, for example, the turboaeration process proposed by Great Central Mines in their chloride copper process (Raudsepp & Beattie, 1986)."

Jan 1, 2016

By D Martín, G. Díaz, F. Cubeddu, A. B. Mejias

The Modified ZINCEXTM Process (MZP), developed by Técnicas Reunidas, is an industrially proven flexible process. It can handle a wide range of primary and secondary raw materials, producing SHG zinc. The core of the Modified ZINCEXTM Process is the zinc solvent extraction unit. This unit is an effective barrier for any leachable impurities present in the raw material. As a result of this an ultra-pure zinc solution is always obtained. The high versatility of the process makes the application of the technology in different scenarios possible. MZP can be effectively applied when developing a whole new plant (Skorpion) or adapting its scheme to an existing refinery (Akita), in both cases giving the same results. Flexibility in terms of capacity of the plant is a great advantage of the MZP, there is the possibility to adapt the global process to a wide range of production capacities. Zinc production capacities of over 150 000 t/a may be achieved with a single solvent extraction plant train. The robustness of the Modified ZINCEXTM Process has been recently proven on two new plants currently in operation: Portovesme (Italy) and Horsehead (USA) after start up during 2013. The status of both plants is described in this paper.

Jan 1, 2014

By J. Ji, A. Shi, B. Grcic

Floating copper minerals selectively against iron minerals such as pyrite has been challenging for most copper and copper/gold deposits, and many operations continuously strive to maximise copper recovery whilst meeting target concentrate grades. Maximising grade is achieved by selectively floating copper minerals and rejecting pyrite. This challenge is to minimise copper and gold losses in the roughers if this approach is used. A flotation testing program was conducted by Bureau Veritas Minerals on a high-level pyrite bearing copper/gold ore sample to establish the potential to reject pyrite in the rougher stage, but also maximise copper and gold recoveries, and ultimately final product grades. The test program included feed characterization, rougher and open-circuit cleaner flotation as well as locked cycle flotation tests. The main variables tested for achieving selective flotation of copper and gold were collector type and pH control, through lime addition. Grind sizes used in the rougher and cleaner tests had been established from previous test work. The collectors tested were SIPX, Aerophine® 3418A, Aerophine® 3421, Aerophine® 3422, Reagent S-11192 Promoter, Reagent S-11193 Promoter and FloMin C4150. The two best performing collectors were then tested in open-circuit cleaner tests, with the optimum conditions examined further in locked cycle tests. INTRODUCTION Bureau Veritas Minerals Metallurgical Division was retained by Eldorado Gold Corporation to perform a metallurgical testing program on a high-level pyrite bearing copper/gold ore sample from a gold- copper porphyry deposit to optimize flotation reagent scheme to improve gold and copper recoveries and copper content in the concentrate. The test program included feed characterization, rougher and open-circuit cleaner flotation as well as locked cycle flotation tests. Initially, various collectors were screened in kinetic rougher tests, and over a pH range of 8.5 (i.e the natural ore pH) up to 11.5, using a primary grind size of 80% passing 120 µm. The collectors tested were SIPX (sodium isopropyl xanthate), Aerophine® 3418A, Aerophine® 3421, Aerophine® 3422, Reagent S-11192 Promoter, Reagent S-11193 Promoter and FloMin C4150. The enrichment ratio, which is the ratio of copper to sulfur in the concentrate to that in the feed, was used as proxy for rating selectivity (i.e. degree of pyrite rejection or depression).

Jan 1, 2019

By J. Duriez, L. Scholtès, F. V. Donzé

"Fracture propagation process in brittle rock is investigated by means of numerical simulations performed with an adapted formulation of the discrete element method. The progressive failure mechanism is simulated through the breaking of the bonds making up the cohesion between the elements constituting the simulated medium. The use of appropriate contact laws associated to a near neighbor interaction feature provide the model the ability to reproduce fundamental characteristics of brittle rock behavior such as, for example, high values of the tensile to compressive strength ratio. Great attention is given to accurately describe the properties of the pre-existing joints or faults in the model. A specific joint model gives the possibility to define a tailor-made behavior of the discontinuity surfaces without suffering from discretization bias.Compression test simulations are performed on pre-flawed samples and compared to experimental results in order to validate the numerical approach for describing the initiation and propagation of fractures in brittle rock under mode I+II loading. It is shown that the crack mechanical parameters can greatly influence the fracturing pattern, in particular its frictional properties. Overall, the numerical simulations reproduce fairly well the failure patterns that are obtained experimentally.The discrete model is then used to study mode I+III loading to give an insight into fracturing problems occurring at the scale of the continental crust. The ability of the model to support mechanically the physical modelings performed with wet clay or sandbox is shown. As an example, the model is used to track the development of a twist crack system (wrench fault) through the nucleation and coalescence of microcracks."

Jan 1, 2015

By Y. Kocaefe, D. Bhattacharyay, D. Kocaefe

The carbon anodes used in the electrolytic production of aluminum are made of petroleum coke, recycled anodes and butts, and coal tar pitch. Due to technological advances in the aluminum production technology, aimed at increasing production and decreasing energy consumption and greenhouse gas emissions, better quality anodes are required. Presently, the anode quality is evaluated by visual inspection and the analysis of a small core taken from 1.5-2% of the anodes produced. The visual inspection is susceptible to human error and limited to surface imperfections. The analysis of cores takes time, and therefore, it is difficult to determine the existence of a problem and intervene at the right time. In addition, the core does not represent the whole anode due to the non-homogeneity of anodes. A validated online anode quality control system can highly improve the situation. In this article, an electrical resistivity measurement method developed for this purpose is presented.

Jan 1, 2014

By Denni Nikols, Farrukh Z. Khan

"Highvale Mine, located at Wabamun, Alberta, produces thermal coal for TransAIta's Keephills and Sundance generating plants. Overburden stripping in the mine is conducted by draglines which normally operate on top of the overburden bench. In certain areas oj the mine, however, these overburden benches are susceptible to slope failure. In these areas, due to safety considerations, the draglines are utilized in the less productive chop-cutting mode, supplemented by mobile equipment where the bench height exceeds the dragline chop-cutting limit. This paper proposes maintaining the draglines in their normal digging mode through areas of unstable or jailed overburden, by utilizing a dragline carried toe buttress 10 ensure adequate bench stability. The data requirements and methods of slope analysis to design a toe buttress across an unstable highwall area are examined in rigorous detail. INTRODUCTIONLocationHighvale Mine is owned by TransAlta Utilities Corporation and operated under contract. It is Canada's largest coal mine with an annual coal production in excess of II million tonnes. The mine is located approximately 80 km west of Edmonton on the south shore of Wabamum Lake (Fig. I) and production is currently provided by three pits 02. 03 and 04 (Fig. 2). The entire coal production is consumed at the nearby Sundance and Keephills power generating plants.ScopeThe mining operation at Highvale Mine has had occasional slope stability failures of its high wall overburden bench. This paper examines one such failure which occurred in the summer of 1983 at Pit 03. In addition to an investigation of the failure, Terracon was asked to recommend mine operation procedures which would minimize the impact of these slide zones on dragline productivity. A method of removing the failed material by utilizing the dragline in its normal digging mode is designed. The method's advantages and disadvantages as well as the required support procedures are reviewed."

Jan 1, 1989

By Ian S. Thompson

"Exploration properties form a continuum from grass roots to those with favourable geology, geochemical and/or geophysical anomalies, mineralization, showings (prospects), and finally to those with defined mineral deposits. Often properties exhibit a composite of these categories.The most problematic to value are properties or deposits that are not economically exploitable at the time of the valuation, due to a lack of exploration, insufficient grade or tonnage, poor mining conditions, or the imposition of socioeconomic, environmental, or legal constraints.Various acceptable methods of valuing the range of all such mineral properties or deposits are reviewed. Some inappropriate methods are also discussed.BIOGRAPHYIan S. Thompson is President and Principal of Derry, Michener, Booth & Wahl Consultants Ltd. (DMBW), an independent consulting practice, specializing in exploration, ore reserve estimations, engineering and valuations of mineral properties.Mr. Thompson is a graduate in Honours Geological Sciences from the University of Toronto with over 35 years Canadian and International experience in mineral exploration and development, including the discovery of base metal. gold and uranium deposits.DMBW is affiliated with DMBW, Inc. in Colorado, and works with independent engineering and financial groups in North America, Europe, Australia and Africa.Mr. Thompson is a national member of CIM; the Associations of Professional Engineers of Ontario and British Columbia; The Geological Association of Canada; The Society of Economic Geologists; The Prospectors and Developers Association of Canada and the BC and Yukon Chamber of Mines.INTRODUCTIONThis paper is presented in response to the request of the Mineral Economics Society of the Canadian Institute of Mining and Metallurgy for a Review of Approaches to Valuation of Mineral Properties, as recommended by the TSE/OSC Mining Standards Task Force.Exploration properties with undeveloped mineral resources range from grassroots acreage without exploration history, to those containing mineralization (or a mineral resource) that is insufficiently explored, to well explored deposits which lack either continuity, or sufficient grade/tonnage, or have poor mineability or metallurgy, such that they are not currently exploitable at the time of the valuation. This does not imply that they do not have value."

Jan 1, 2003