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By Graham A. Davis, Michael Samis

The dramatic fluctuation in metal and energy prices in the last few years is causing mining companies to consider alternative analytical methods for mine design and valuation. The goal is to improve insight into unforeseen changes in the economic and project environment and to design projects that take advantage of management's ability to respond to these changes. Such flexibly managed projects will contain value that cannot be measured using traditional engineering economic approaches, further motivating the used of alternative, modern valuation methods. This paper considers the valuation of an uneconomic low-grade resource at an open pit gold mine using two of the most popular modern valuation methods, Dynamic Discounted Cash Flow and Real Options. Our analysis demonstrates that the conventional valuation method may incorrectly represent the value and risk attached to mining this type of resource because it is unable to recognize management's ability to respond to future events in a manner that minimizes losses and exploits advantageous business conditions. The results of this paper highlight the importance of recognizing flexibility and business uncertainty in both mine design and valuation.

Jan 1, 2003

By David deVries, James Rajith, Paul Mascrenhas, Nurzhan Dyussekenov, Lawrence Hanschar

Kansanshi Copper Smelter commenced operation in March 2015. The smelter features four Peirce- Smith Converters (PSCs) operated in a three hot, two blowing configuration. This paper describes some of the process automation and design features implemented to maximize operational and environmental performance. To ensure that the converters were easy to operate, efficient, and were protected in emergency situations such as power failures or loss of tuyere air supply a significant focus was placed on automated sequences initiated by “one button” operator commands or otherwise automatically by the Distributed Control System (DCS). Examples include: main converter roll-in and roll-out sequences; emergency roll-out in the event of power failure; and the charging sequences for reagents (silica and reverts). Other automated features configured for the PSCs were specifically aimed at maximizing converter capacity and reducing the environmental impact from fugitive emissions. These features include: “one button” in-stack charging; automated restriction of blowing rate based on the available acid plant capacity; and fully-automated control logic for the Secondary Ventilation System. In-stack charging allows anode furnace oxide slag to be poured into the PSCs while the converters are still blowing and still sending off-gas to the acid plant. PSC Secondary Ventilation control logic was configured to require minimum input from the operators while ensuring maximum utilization of the available draft from the ventilation system. Highly automated PSC controls contribute to high utilization, averaging 41.2 in-stack hours per day. INTRODUCTION Kansanshi Copper Smelter (KCS) is located near Solwezi at Kansanshi copper mine in Zambia's Northwestern province. The smelter treats concentrate produced at Kansanshi mine as well as Sentinel mine located 150 km west of Solwezi. Four Peirce-Smith Converters (PSCs) are installed at KCS. The nominal capacity of each converter is to treat 350 t of copper matte and produce up to 250 t of blister copper per batch. Normally three PSCs are hot, with two able to operate (produce off-gas), and the third converter on hot standby. The fourth converter is normally under cold repairs. The blister charge size is relatively low for the matte charged due to the unavailability of tank house or other high copper scrap.

Jan 1, 2019

By J. S. Fox

It is generally recognized that the interpretation of bedrock geochemical data in volcanic terrains can be improved by adjusting for rock-type. Various chemical attributes of volcanic rocks have been put forward in the literature as rapid indicators of rock-type, but there is some question as to which of these is the most reliable . Only one such attribute, total iron, seems to have seen systematic use in geochemical mapping in the Flin Flon region. Discriminant analysis of 500 basalts, andesites, dacites and rhyolites suggests that SiO2 is the most important rock-discriminating variable and that MgO, CaO, TiD2, AI2O3 and FeOtot, are successively poorer discriminators. Lithological normalization in the subalkaline volcanic environment should therefore be made over ranges of this variable. Trace-metal data from drill core through the sulphide orebody at Hanson Lake, Saskatchewan are used to demonstrate various approaches to lithological correction, including silica normalization, factor analysis and trend analysis. All of these extract economically important information from the core that is not apparent in the raw data logs. However, silica normalization does not seem to be subject to as many serious limitations as factor and trend analysis in this case, and therefore seems to provide the most reliable basis for the interpretation of subsurface exploration geochemical data.

Jan 1, 1978

By J. H. Walsh

IN THE DEVELOPMENT of procedures for the separation of minerals, the choice of reagents for flotation is frequently determined by the extent to which a given mineral is wettable by water. Measurements of the contact angle of an air bubble on wet mineral surfaces are often used in the laboratory to estimate the wettability of the surface. For the results of these measurements to be reproducible, the surface of the mineral must be polished to a mirror-like smoothness and must be free from oily contamination. Elaborate procedures for preparing mineral surfaces have been developed by Wark ( 1) and Taggart (2), and these procedures have been generally accepted as adequate for their purpose. The polishing techniques, how-ever, have certain inherent disadvantages which make it impossible to assess the effects of polishing, entrained abrasive, and adsorbed gases on the wettability of the mineral surface.

Jan 1, 1957

By R. R. Montigny

A brief description is given of the history, location and geology of the Granisle Copper Limited operation on Copper I land in Babine Lake. Detailed information is given with regard to pit design, planning, drilling, blasting, excavation and haulage. Equipment maintenance and mining costs are also presented.

Jan 1, 1971

By C. Langer

Although the existence of precious metals, particularly those of the platinum group, in the nickel ores in the Sudbury district has been known for a good many years- almost as long as the ore deposits themselves- the Mond Nickel Company were the first to effect their recovery on a commercial scale. The precious metals values of the different Sudbury ores vary considerably, and are generally higher in the copper-rich ores. These values are so very small that a direct determination in the ores gives quite unreliable results. This is not surprising if one considers that some of the ores contain on1y one unit of total precious metals in about two million units of ore, and that this one unit will consist of seven different metals, each with a different chemical behaviour. It is only after the ores have been smelted to a Bessemer matte containing about 80 per cent combined copper and nickel that the precious metals content can be determined with some degree of certainty. From the figures thus obtained, the precious metals content of the ores can be calculated, provided the tonnage of ore used to produce one ton of matte is known. The recovery of these minute quantities of precious metals out of ?such a large amount of gangue and sulphides of iron, copper, and nickel seems at first glance a commercial and technical impossibility. Nevertheless, science has found a way to conquer all the difficulties, and quite substantial quantities of the precious metals contained in the Sudbury nickel-copper ores have been regu1arly recovered for many years by the Mond Nickel Company.

Jan 1, 1927

By M. E. Wilson, A. C. Lee

"The property owned by Senator-Rouyn Mines, Limited, is in Rouyn township about 17'2 miles southwest of the town of Rouyn. It adjoins the Chadbourne claims of Noranda Mines, Limited, on the south and the Bagamac property on the ·west. It includes seven claims-block 44, blocks 80 to 83 and blocks 96 and 97; the mine is wholly in blocks 44 and 82.Late in 1936 gold was discovered in an outcrop of rusty weathering carbonate rock near the north end of block 44, and the following year the present Company was organized to proceed with the development of the property. During 1937-38, 17,000 feet of diamond drill core were bored to determine the extent of the ore deposit at depth. From October 15th, 1940, to April 15th, 1941, the ore was hauled to the mill at the Arntfield mine for treatment. The mill on the Senator-Rouyn property started on April 25th, 1941, and has been in practically continuous operation since than time. To the end of 1946, 574,874 tons of ore, from which gold having a value of $3,836,450 was recovered, were treated in the mill.GEOLOGYThe rocks exposed at the Senator-Rouyn mine, except in the southern part of the property, are almost wholly quartz diorite, part of an irregular mass that extends west from the town of Rouyn along the north shore of Noranda lake and thence southwest across the Senator-Rouyn claims. In the northern part of the propertyt inclusions of rhyolite occur here and there in the diorite. In the southern part the predominant rock is dacite and in the east-central part of block 44 claim andesite. Dykes of andesite, quartz syenite, and later diabase also occur on the property.The andesite of the Abitibi volcanics is not exposed on the property, but has been intersected in three diamond drill holes, one on the eastern boundary of block 44 and two farther west within the block. This andesite is probably the western end of a band of pillowed andesite well exposed in the Larose claim to the east."

Jan 1, 1954

By R. B. Anderson, N. J. Sherren

The mining equipment at the Scully Mine, Wabush, consists of approximately twenty-five large haulage units, eight large dozer-loader applications and seventy other related pieces of service and maintenance equipment. This equipment is operating in sub-Arctic conditions. This pa-per presents a description of the tire maintenance procedures in use here and discusses the tire troubles that are being encountered and the methods of dealing with them.

Jan 1, 1969

By T. G. Carter

"This paper traces the introduction and use of fire-resistant (FR) fluids in hydraulic systems at underground mines in British Columbia. Reasons are given for the decision to make compulsory the use of such fluids in underground mines after January 1, 1975 by provincial government legislation. Examples are quoted of fires caused, or supported by, mineral oils which have resulted in loss of life and property.The basic principles of hydraulic systems are reviewed in order to present the effects of changing a system operating on mineral oils to one which must operate on FR fluids. Approximations of the cost of system conversions are given for certain machines and a brief survey is made of the various pieces of underground equipment which contain hydraulic systems operating on FR fluids.IntroductionIn 1948, Admiral Ben Moreel , who was then president of Jones and Laughlin Steel Corporation in the United States , wrote:""Although safe and healthful working conditions can be justified on a cold dollars-and- cents basis, I prefer to justify them on the basic principle that it is the right thing to do. ""(1)This paper will outline the introduction and use of fire resistant fluids at mine operations in the Province of British Columbia. That it was the right thing to do in enhancing the safety and well-being of every person employed at the mines was the prime consideration. That it may be justified on a cold dollars-and-cents basis is left for the reader to judge. The prime purpose of this paper is not so much to trace the efforts made by the individual mines to successfully introduce and use fire-resistant (FR) fluids in hydraulic systems, but to present an over-all picture of what occurred, in a collective sense, at the majority of mines which have ended up with a working FR fluid system. The problems attendant to the introduction of an FR fluid will be recounted in a manner which, it is hoped, will prove useful to those contemplating system conversions. Because the predominant fluid now in use is an invert, or water-in-oil. emulsion, this will be the FR fluid considered.Fluid Loss from SystemsThe quantities of various fluids required for use in hydraulic systems are extremely high. This statement in itself may appear to be redundant in that the capacities of the various systems should demand that a fixed amount of fluid is required for the initial filling of a system, with a further amount of fluid scheduled for use during subsequent fluid changes, i.e. at the recommended change intervals . If only this were the case!"

Jan 1, 1981

By Paul-Henri Girard

La Mine Agnico-Eagle division Laronde situé à Cadillac, est un producteur d?or, d?argent, de cuivre et de zinc. Cette propriété est situé dans les cantons Bousquet-Cadillac le long d?une des ceintures géologiques les plus productives au monde. La mine Laronde a débuté la production en octobre 1988 à un rythme de 1360 tonnes par jour. Ensuite, elle a augmenté son rythme de production successivement à 1800 TPJ en 1990, 3300 TPJ en janvier 2000 et 4500 TPJ en octobre 2000. Agnico-Eagle, fondé par feu Paul Penna, a toujours eu comme politique la participation des employés aux décisions de la compagnie pour le déveleppement de celle-ci. Cet écrit va permettre de mieux comprendre la façon dont la division fût développé.

May 1, 2001

By H. A. Steane

THIS BRIEF PAPER presents the information available on the use of Dorrclon?is in the middling re-grind unit at the lead-zinc mill of Canadian Exploration Limited. The plant throughput is 1,650 tons per twenty-four hours. The flotation feed is ground to 60 per ?Cent passing through 200 mesh. It contains some composite 11articles of sphalerite in calcite, and these reported either in the final zinc concentrate, thus lowering the grade, or in the tailing, with loss of zinc. The re-grind unit was set up in the zinc flotation circuit to liberate the sphalerite from these middling particles, to raise the grade of concentrate and improve recovery. Grinding through 325 mesh should give substantial liberation of locked sphalerite. The middling regrind unit consists of two Dorrdones and one ballmill arranged as shown in the -accompanying flow-sheet. The Hardinge ball-mill, size 7 ft. x 36 in., was free for this use as a result of recent plant expansion. The two Dorrclones were purchased, and the necessary pumps and pipe lines were installed to complete the regrind unit. The unit has been developed over a period of two years by several steps and various flow schemes until reaching tl1e present flow scheme. These steps are not elaborated here, because the changes were made to determine the best product to work on for flotation metallurgy, and not because of the Domrolone classifying ability.

Jan 1, 1956

By Geir M. Haarberg

Electrochemical techniques, mainly linear sweep voltammetry and potential step chronoamperometry, were used to study the behaviour of dissolved phosphorus species in cryolite-alumina melts, The presence of AIPO4 or Na3PO4 gave rise to voltammetric current waves due to electrode reactions involving phosphorus species at potentials where dissolved alumina is stable in cryolite melts, Diffusion kinetics for dissolved P(V) species were studied, Data from industrial cells were used to determine mass balances for phosphorus, For cells being fed with secondary alumina, more phosphorus tends to end up in the produced metal, Laboratory experiments to study the effect of phosphorus in the bath on the current efficiency for aluminium were also carried out.

Jan 1, 2004

By E. A. Cleveland

A glance at the map discloses the fact that the Pacific Great Eastern railway either traverses or crosses some of the most important rivers of the province: the Squamish with its branches the Stawamus, Mamquam and Cheakamus; and the Green, Lillooet, Birkenhead, Fraser and Quesnel rivers. Each of these and some of their tributary streams, having their ?sources and upper reaches in the higher altitudes in regions of abundant snowfall, is capable in greater or less degree of furnishing water under suitable heads for the economic production of power. Beginning at its present terminus at Squamish the railway has the only hydro-electric development within its territory among the whole list of streams mentioned. A 225 horsepower installation at the edge of the East branch of the Squamish river, using water from Stawamus river, a branch of the former, under a head of 418 feet, is a modest beginning. Two or three additional sites, where water may be used under somewhat similar heads, may be found on this little stream. Next above Squamish, along the route of the railway, is the Mamquam, a long tributary of the Squamish from the eastern slopes. It has a drainage area of something like 130 square miles with widely varying discharges of from less than 50 to about 14,000 cubic feet per second. The preliminary investigations so far have disclosed no suitable storage sites, so the Mamquam may be regarded as a small continuous power stream - probably less than 1000 horsepower.

Jan 1, 1925

By A. Fahr, T. Byczkowski, M. Genest, C. Mandache

"Layered aluminum structures assembled with rivets are often found in aircraft fuselage. These structures are exposed to various mechanical loads and a range of environmental conditions that contribute to their ""aging"". The rivet holes are the source of stress concentrations and the location of crack nucleation and growth. Detection and sizing of second and third layer cracks under fasteners represent a major challenge for non-destructive evaluation (NDE) technicians. Electromagnetic methods are currently the most feasible NDE techniques that are capable of successfully inspecting such structures. However, different probe lift-offs, due to protruding rivets and paint coatings, or interlayer separations, due to sealant or air gaps, pose difficulties in detecting and sizing cracks. In addition, the use of conventional eddy current technique is limited due to the inverse relationship between the probe spatial resolution and its field penetrability. In this paper, we present an alternative approach that overcomes the previously mentioned shortcomings by using pulsed eddy current excitation and magnetoresistive sensor pick-up. Various signal manipulations are employed for defect detection and quantification."

Jan 1, 2006

By J. R. Maxwell

In 1970 expansion was completed increasing mill capacity from 2,000 to 3,000 T.P.D. Actual grinding capacity is 3,400 T,P,D. at a grind of 60% -200 mesh,The ore bodies are vein type, containing about 12% sulphides, with mill heads averaging 2.25% Cu, 0.015 oz.Au, and O.4O oz, Ag. per ton.Summary and Conclusions:During the period Jnnuar-1 1971 to December 1973 inclusive the use of large cells at Opeminka have shown that metallurgy is comparable to when using conventional cells, Operating and maintenance costs are lower, An on stream analyzer with reagents controlled by computer, are being assessed further.Opej1atljn Of Cells:!lo cell level adjustments are required when tonnage is adjusted 20 to 25%.Depending on mill heads and grade of concentrate reagents are adjusted to the first rougher for metallurgical control. Reagents to second rougher and scavengers are seldom adjusted as feed to this section has a maximum variation of about 0.2'~ Cu.Power – Maintenance and Space Requirement :Our total power consumption for 3,400 T.P,D. flotation circuit for operation and air supply is 280 H.P. Previous power drawn using conventional cells was 400 H.P. at 2,000 T.P.D.Total maintenance costs for flotation circuit has averaged $1,100.00 per year for the 3 years of operation, this cost should remain constant.Floor space required for cells and walkways is 2,000 sq.ft.

Jan 1, 1974

By Rafic Moubarac

FRP (Fiberglass Reinforced Polyester) equipment has been used in different and several applications during metals processing and extraction, and the hydrometallurgical process. Case histories of such equipment will be shown of major projects worldwide.

Jan 1, 2015

By Dallas W. Davis

Twin - Kennecott Deal Announced April 15, 2004 ! Kennecott earns 56% interest, if in 4 years, spends C$10 million and recovers at least 200 cts of +1 mm diamonds in all dimensions from any contiguous body ! Earn-in can take up to 6 years, but incurs stepped reduction of interest from 56% to 46% or 0% if $C10 and 200 carats not achieved ! By funding all costs through feasibility study, Kennecott earns 71% in 7 years, or, stepped reduction to 62% if completed after 8 years ! By achieving production within 10 years and funding Twin?s share of development and construction costs, Kennecott earns further 4% ! If no election to develop a mine within 2 years of feasibility study completion, Twin may present development proposal which Kennecott has 60 days to elect to follow or transfer management to Twin and dilute to 49% ! Each party has one time right to elect to market its diamond share ! On signing and annually, Kennecott will purchase $C250,000 of Twin shares at 130% of then prevailing market price until achieved earn-in

May 1, 2004

Objectives ? New deposits can be found in mature Mining CampsNew Camps ? Volcanogenic Massive Sulfide (VMS) deposits ? polymetallicpolymetallicexamples are desirable exploration targets examples ? Genetic and exploration models for VMS deposits are robustrobust ? subtle but important differences exist between deposits and districts ? sometimes ??neglectedneglected??in resource modeling and exploration efforts ? ReRe-evaluation of a prominent existing camp is rewarding ? update on the exploration strategies currently being applied on a practical level The Falconbridge-Alexis approach includes GoCAD modelling

May 1, 2006

By D. B. Haas

THE HYDRAULIC TRANSPORT of solids is becoming increasingly prevalent throughout the world. Major long-distance slurry pipelines currently in operation transport commodities such as coal and various ore concentrates distances of up to hundreds of miles. In the United States, a number of large-diameter, high-tonnage pipelines are under consideration for the transport of Western Plains coal to markets up to 1000 miles away. In these and other applications, the solids are generally quite fine, with 14 mesh being a typical limit of particle size for long-distance (over 100 miles) slurry transport. There are applications where it might be practical to transport solids consisting of larger particles distances of up t o 100 miles. Deposits of high-quality metallurgical coal are found in the inner foothills belt along the eastern edge of the Rocky Mountains on the Alberta-B. C. border. There are few existing railroad s and the possibilities of constructing extensions are limited because of environmental and economic factor s. In these circumstances, the most efficient transportation system might consist of a pipeline to transport the coal from the mine to beneficiation plants located near existing railroads 50 or 100 miles away. Such systems would minimize environmental effects, capital cost s and operating costs. To determine whether such a system would be technically feasible, experimental testing is needed to determine the energy requirements for transporting coarse coal in a pipe line. Currently, run-of-mine metallurgical coal is crushed to less than 1 1/2 inches before going to the beneficiation plant. In the proposed scheme, coal of this size would be transported through a pipeline to the beneficiation plant located at the railroad. The Transportation Development Agency and the Department of Supply and Services have awarded a contract to the Saskatchewan Research Council to study pipelining of coarse coal in pipelines ranging from 4 inches to 12 inches in diameter.

Jan 1, 1977

By G. C. Hodgson

Specification and Tests of Rope Wire Chemical Analysis: The range in composition of steel used in the manufacture of wire rope is as follows: Carbon 0 4 to 0.9 per cent Manganese 0 4 to 0.8 Sulphur Not above 0.04 Phosphorus Not above 0.04 The carbon and manganese content are varied according to the gauge of wire to be drawn and the tensile strength required. Generally speaking, best results are obtained from heats where the melt is not of too large a tonnage. The amount of reduction and patenting of the wire is left to the wire maker, who thus has a free hand in meeting the balance of the specification.

Jan 1, 1931