Search Documents

By Sarah R. Hindle

Carbon capture and storage has jumped to the forefront of climate change mitigation efforts for its capacity to sequester large amounts of carbon. Mineral carbonation is one prominent option, mimicking and accelerating the natural weathering process of certain silicate minerals. This has the ability to produce stable carbonate minerals that can store carbon on geologic time scales with little to no risk of leakage. Commercialization of this process is ideally suited for integration into the proposed mining operations at the Turnagain Nickel site in Northern BC. This is due to the abundant supply of suitable ultramafic feedstock material, as well as the economic benefit of sharing costs while reducing net emissions and bringing value to otherwise valueless and costly waste rock. While studies have shown this process to be technologically viable on a laboratory scale, assessing the economic and financial viability of such a process on an industrial scale is necessary. An evaluation of the financial feasibility of integrating mineral carbonation into the mining cycle at Turnagain under a proposed cap-and-trade system is presented.

May 1, 2010

Sustainable Development SAFETY ?Safety is the most important element of sustainability. ?One bad experience or incident can mar a company?s reputation for a long, long time. ?News travels faster than ever ?Internet, blogs, texting, peer-to-peer communication, etc. and unfortunately sometimes the information is not always accurate. ?Rarely do we hear in the news about the mining companies or projects that are done safely ?we always hear about the exceptions. ?Safety is just like TQI / TQM ?the process of improving can never stop.

May 1, 2010

By Bern Klein

Motivation for Improved Energy Efficiency in Mining ? Canada potentially adopting Greenhouse Gas Emissions and Intensity Legislation in 2013 ? BC -Climate Action Plan and Energy Conservation Agreement in 2008 ? BC Energy Plan 2007 -BC Hydro is mandated to save 50% of new load growth ? TSM Initiative -Energy Management, Energy Reporting, Setting Energy Targets, GHG Management BC MOU for Energy Conservation Agreement -MEMPR, MABC, BC Hydro

May 1, 2010

By Robert Boutilier

For more information on what the social licence means, see the following: Joyce, S. and Thomson, I. 2000. Earning a social licence to operate: Social acceptability and resource development in Latin America. The Canadian Mining and Metallurgical Bulletin, 93(1037) Nelson, J. and Scoble, M. 2006. Social License to Operate: Issues of Situational Analysis and Process. Vancouver, BC: Department of Mining Engineering, University of British Colombia. Thomson, I. and Boutilier, R.G. 2010. The Social License to Operate In P.Darling, (Ed.), SME Mining Engineering Handbook: Littleton, CO: Society for Mining, Metallurgy and Exploration. Much of what has been written and said about the social license to operate focuses on what the company has to do or not do. But the social license is a two-sided relationship. We also need to look at what the community has to do, or not do, in order to be capable of issuing a social license that is meaningful.

May 1, 2010

By Roger Davieds

FACT: a company?s profitability (or loss) is directly related to the efficiency and effectiveness of its maintenance operation. Fact: in order to contribute in a positive manner, maintenance must understand what its true purpose is in the organization. It is easy to say our main purpose is to increase: ?equipment uptime ?OEE ?asset life cycle We all understand this; so does management.

May 1, 2010

By Brad Sampson

Project Ownership ?Discovery Metals Limited ?ASX (DML), BSX (DML), AIM (DME) ?Market Cap AUD 195M ?Key assets ?Boseto Cu ?Dikoloti Ni The Boseto Copper Project ?Location ?Setting ?History ?Status ?Future

May 1, 2010

Tapira Mine (Tapira, MG, Brazil) is the largest phosphate ore and concentrate producer in Brazil. The mine is an open pit, which until recently operated with a large equipment fleet and now uses a smaller fleet operated by contractors. The annual production reaches 17 Mt of ore plus 14 Mt of waste at a stripping ratio of 0.82. Defining the geological boundaries and forecasting the annual production can be a difficult task if not performed on a reliable model. The geological model has been totally reviewed as well as the estimation process. Ordinary Kriging has been used to build the new block model with P2O5 and contaminant grades. After estimation, block model validation and classification criteria definition to assess resources and reserves, the result is given by the life-of-mine plan is defined after pit optimisation and design. The Lerchs-Grossmann algorithm implemented in the NPV Scheduler was used to define the long-term production targets based on the main parameters P2O5 and the contaminants that are just important to the beneficiation process.

May 1, 2010

By Linda Hodgson

1. Introduction ?Northgate Minerals Corporation is a mid-tier gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. ?Kemess Mine is Northgate?s principal operation. Where in the world is Kemess? ?Kemess is located in north-central British Columbia,430 kilometres northwest of Prince George. ?The Kemess South complex consists of an open-pit mine, a 52,000 tonnes per day mill and various ancillary support facilities including maintenance shops and housing for Kemess' 340 full-time employees.

May 1, 2010

What Discounted Cash Flow Analysis can do for you: ?Provide an accurate financial analysis of a project for the first 25 to 30 years of operations ?Identify cash flow requirements ?Identify relative sensitivity of the project to the various input parameters ?Place a value on the resource in place after 30 years of operations ?Correct for errors in input parameters

May 1, 2010

By George Meadows

Consultation and Accommodation Introductions Consultation -Best Practices The Role of Negotiations The HVC Experience Summary / Conclusions The Challenge Meeting legal and policy obligations to consult while adhering to project priorities, timelines and budgets Defining who needs to be consulted, by whom, and ?how much?? Accommodation ?who is responsible and what is the appropriate scope? Social License -establishing positive working relationships with First Nations involved in project review / approvals / implementation in a manner that advances the interests of all parties

May 1, 2010

By Kevin O?Callaghan

Applying Legal Concepts - The Crown must consult, and where necessary accommodate, when: - Crown has knowledge, real or constructive, of the potential existence of Aboriginal rights or title and contemplates conduct that might adversely affect it - Duty to consult is triggered at a low threshold - How much consultation necessary? - Proportional to the strength of claim and potential impact - Spectrum: notice to direct involvement in decision making - Not duty to agree or to get consent (no veto) - Reciprocal: Duty requires good faith and sincere engagement on both sides Role of Proponents: Crown may delegate procedural aspects of its legal duty

May 1, 2010

By H. Thalenhorst

For an advanced mineral exploration project that has a ?nugget? issue making the assessment of the deposit grade difficult, a bulk sampling program using a sample tower can provide information that is otherwise not obtainable prior to actual production. This information includes the verification of predicted resource grades for the bulk sample tonnage (and, indirectly, of the methods and parameters used for the grade estimate), confirmation of the physical and grade continuity of the mineralization, and geotechnical data for a future mining operation. The information gathered will improve the input of a feasibility study, particularly with respect to expected mining grades, which are the key economic parameter for most mining projects. The bulk sample rejects can be used for pilotscale metallurgical testwork. Bulk sampling is also useful in cases of potentially biased drill-hole assay results and in the reliable determination of ore grade before shipment of ore from production or development operations to an external beneficiation plant. This paper presents a practical bulk sampling and sample preparation protocol, lists design features for the sample tower, examines the sampling errors that will be encountered, provides information on quality control procedures, and looks at the costs and benefits of such a program, based on the experience of undertaking bulk sampling programs during the period of 1985 to 2008.

May 1, 2010

By Jess Harding

Oyu Tolgoi investment agreement now in full, legal effect Successful completion of a series of conditions to 2009 Investment Agreement was announced March 31, 2010. Full-scale construction now set to begin. First copper-gold commercial production from Oyu Tolgoi expected in 2013. 34% of holding company Oyu Tolgoi LL Cacquired by Erdenes MGL, a Mongolian state-owned resources company. Remaining 66% will continue to be owned by Ivanhoe Mines. ?After 9 years of discoveries at Oyu Tolgoi, a big piece of the future of copper and gold in Asia is poised to become a reality.?

May 1, 2010

By Roberto Busato Belger

- Fertilizer Business Overview - Supply -Demand Balance in the World - Supply -Demand Balance in Brazil - Brazilian Market Growth Opportunities - Fosfertil Operations - Fosfertil Expansion Plan - Salitre Project - Project Characteristics - Technical Challenges and Solutions - Technical Support Studies Conclusions

May 1, 2010

By Ray Mason

Marathon PGM Corporation?s PGM-Cu Project in Northwestern Ontario (Figure 1.0) serves as a case study to describe the process involved in advancing a deposit from grass roots exploration to the completion of several feasibility studies and the parallel commencement of environmental permitting. Through the following examination of historical exploration activities, it is clear that these activities are directly related to economic stimulus, mostly measured by downturns in the mineral industry. Other factors that influence the success of exploration advancing to feasibility and new mine development includes the ownership of the mineral claims, which also changes under these economic influences and the crucial role of interactions between the Company, the Crown and First Nations. The Marathon PGM-Cu deposit is hosted within the Eastern Gabbro Series of the Proterozoic Coldwell Complex, which intrudes and bisects the much older Archean Schreiber-Hemlo Greenstone Belt. The sub-circular complex has a diameter of 25 km and a surface area of 580 km2 and is the largest alkaline intrusive complex in North America (Walker et al., 1993). Mineralization at the Marathon PGM-Cu deposit is part of a very large magmatic system that consists of at least three cross-cutting intrusive olivine gabbro units that comprise the Eastern Gabbro Series of the Coldwell Complex (Figure 3.2.4-3). In order of intrusion, the three gabbroic units consist of (1) Layered Gabbro Series, (2) Layered Magnetite Olivine Cumulate (LMOC) and (3) Two Duck Lake (TDL) Gabbro. The relative size and abundance of the gabbroic units decrease in the order Layered Gabbro Series>TDL Gabbro>>LMOC. Late quartz syenite and augite syenite dikes cut all of the gabbros but form a minor component of the intrusive assemblage.

May 1, 2010

By Michael Chender

Emerging Equity Sources ? Larger IPOs ? China Inc. ? Other sovereign wealth funds ? New funds and higher allocations ? Private equity

May 1, 2010

Overview ?G-9 Discovery Hole 420 drilled May 2005 ?14.16% Zn, 1.76% Cu ?Greenfield discovery built into the G-9 Mine in under 4 years. ?Utilized a unique ?Parallel Track? approach to fast-track mine development. ?Raised over $200million in financing without a Feasibility Study. ?Mine built for $149.7 million, only 20% over PEA. ?Commercial Production declared April 1, 2009. ?G-9 Mine has now completed the first year of commercial production on April 1, 2010. ?Initial cash costs per pound of zinc US$0.39/lb -US$0.45/lb range. ?Mill operating at over1,900 tpd in March 2010, well above design capacity (1,500tpd) only one year after starting commercial production. ?Balance Sheet -$167 million assets, $24 million long-term debt, $22 million cash. ?Restarted Exploration ?excellent initial results. ?Strategically positioning Farallon to grow to a mid-tier mining company.

May 1, 2010

By Phil Keele

Canadian Natural ??Business Approach Efficiency and Execution ?Drive to be the low cost producer ?Focus on exploitation ?Augment exploitation with strategic acquisitions ?Maintain Discipline and Strength while Delivering on the Defined Plan ?Maintain flexibility and control allocation of capital ?Strive for balance (asset portfolio) ?Maintain financial strength

May 1, 2010

By Jeff Stufsky

Debt Financing ?Broad Market Overview ? Recovering due to factors including: ? Increased trust in the system ? Enhanced capitalization of financial institutions ? The need to deploy capital for profit ? Competition: ? Investment-grade bond volumes increasing dramatically, and starting to pressure banks to compete with new capital ? Term Loan B financing from insurance companies and related institutions is returning, also pressuring banks to lend ? Local country financial institution capacity in Latin America has materially increased ? Results: ? Loan capacity increasing generally across instruments, regions, and sectors ? Financial institutions/banks starting again to seek yield as pricing competition heats up ? Tenors increasing with pricing coming down more slowly Underwriting is back in play

May 1, 2010

By Cesar H. Oboni

The development of specific risk-based methodologies to guide and prioritize clearing decisions in countries contaminated by Unexploded Ordnance and Land Mines (generically defined as Explosive Remnants of War: ERW) either at country-wide scale or road-network-scale was used in an unexpected way when a large mining company asked Riskope (www.riskope.com) to develop a multi-modal transportation network risk assessment plan, which included ocean going vessels, ports, wharves, railroad, trucking and other modes of transportation. What had been a first-in-the-world attempt in the humanitarian landmine clearing industry turned out to be extremely useful and equally innovative in the extractive corporate world. Instead of a country contaminated by man-made hazards such as Explosive Remnants of War (ERW) we were now dealing with a very complex multi-modal transportation system afflicted by all sorts of potential hazards from quakes to climate change, sabotage to labour strikes, and vulnerable infrastructures to potential energy crises. Interestingly enough the method developed to deal with ERW risk based clearing was also capable of solving the transportation risk evaluation problem, after necessary customization. This paper shows how ?out of the box? thinking and industry cross dissemination can bring significant evolution and a competitive edge even to unexpected areas of the world-wide mining industry. The results of the logistic system risk assessment shed new light on the management of the system, changed the way insurance coverage was purchased, and led to significant potential cost reductions in a period of global recession.

May 1, 2010