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By V. A. Chanturiya

The results study the minerals oxidation were obtained by us during the methods of microscopic, FT-IR spectroscopic, XRD and chemical analyses of sulphides in tailings of copper-nickel wastes in Kola peninsula. Sulphide minerals begin to oxidize already at the stage of stockpiling and initial stages of storing. The proportion of non-ferrous metals and magnesium oxide increases with time, calcium partially precipitating in the form of gypsum. Comparison of heavy metal contents in pore solutions in cur-rent and stale copper-nickel ore concentration tailings has revealed a significant difference in practically all the parameters. The lower metal contents in current tailing pore solutions (by 5~30 times) are probably due to the presence of float reagent residues blocking oxidation. Much lower concentrations of magnesium and calcium can be accounted for by the difference in kinetics: the rate of sulphide oxidation at this stage is much higher than that of solution interaction with non-metallic minerals as the result of which the solid phase ? solution equilibrium is not achieved. It is generally believed worldwide that it the mining wastes with acidic pore solutions that pose the greatest hazard for the environment. Our findings suggest that although the solution pH in all the samples is higher than 7.8, the contain heavy metal concentrations by far exceeding permissible values. The direct determination of the total and silicate Ni contents in the tailings from current production and in storage tailings has shown that both sulphide and silicate Ni forms occur in tailings. However, the role of silicate Ni is much larger in the storage tailings. The average silicate Ni content accounts for 10% of the bulk Ni content in the current tailings and it increases to 40% in the storage tailings. Thus, the storage tailings are marked not only by sulphide oxidation and the removal of water-soluble sulfates, but also by the interaction of sulfates with the silicate matrix. Although complete equilibrium is not achieved even within 30 yr under polar-region conditions, the major part of the Ni in fine-grained fractions passes into silicate form. The probability of Ni transition to the silicate form directly correlates with the dispersion of the material and the amount of chemically reactive serpentine and hydrochlorite. The migration of Ni as sulfates and its precipitation by chemically active silicates distorts the distribution of this component in the coarse- and fine-grained fractions that are typical of tailings from the current production of copper-nickel ores. On the one hand, the variation of the mode of Ni occurrence in storage tailings lowers the value of technogenic raw materials as a source of this metal.

Jan 1, 2014

By Eleanor Sonley

In October 2000, temporary seismographic stations were installed above the Trail Mountain Mine, Emery County, Utah, USA to supplement a regional network. Over seven months, 1826 mining-induced seismic events were recorded with a magnitude range of M 0 to M 2.2 (Arabasz et al., 2002, 2005). Routine event locations for this dataset cluster around the longwall mining activity during the recording interval. However, applying a double difference relocation technique to the routine locations significantly improves the correlation between mining activity and event location. The resulting relocations depend greatly on station distribution and the number of arrival time picks. We use this dense temporary array to assess station distribution requirements for applying the double difference technique at other mines by systematically removing data from available stations, thus simulating sparser networks. The insight gained using the Trail Mountain dataset is used to develop a metric for assessing the usefulness of above-mine networks and to develop a tool for expanding seismic network coverage. To verify the appropriateness of these tools for wider application, we examine data from two additional mines located in the western United States. Improving the relative locations of mining-induced seismic events highlights the association of these events with active portions of the mine. Clusters, regions of quiescence and relative timing of events can be used by mine operators to assess hazard, optimize production, and evaluate performance of mine plans. The lessons learned from this study may be used in future network design to improve accuracy of event locations at other mines.

Jan 1, 2009

By Y Zhu, D J. Williams, M O’Neill, C Zhang, X Lei

A cover of inert material overlain by topsoil is required over compacted, seawater-neutralised red mud, a waste product from the refining of bauxite to produce alumina. The cover is to be revegetated, and it is necessary to demonstrate that the potential evapotranspirative-driven uptake of salts from the seawater-neutralised red mud will not impact the revegetation. An instrumented column was designed and constructed to test the evaporation-driven uptake of salts from compacted red mud into an overlying cover material with a thickness limited to 600 mm. The PVC column is 1.2 m high, with a 200 mm internal diameter. The column is instrumented with up to ten of each of moisture, suction, salinity and temperature sensors, together with a data logger, designed and manufactured at The University of Queensland (UQ) in Brisbane, Australia. The sensors were installed through the wall of the column at various depth intervals, with each set of sensors located at quarter points around the circumference of the column. Two pressure transducers were installed in the column to monitor the change of water level due to rainfall and evaporation. The column was filled with compacted red mud to a depth of 600 mm overlain by 600 mm of cover material, both sourced from the Queensland Alumina Limited (QAL) site in Gladstone, Queensland, Australia. The column is installed on a building roof at UQ, alongside a weather station, and will be subjected to the prevailing weather conditions for up to 1 year in the first instance, during which time the weather conditions and sensor responses will be continuously monitored. This paper reports on the instrumented column set-up and the early results obtained from the test.CITATION:Zhang, C, Williams, D J, Lei, X, Zhu, Y and O’Neill, M, 2018. Instrumented column testing of salt uptake from compacted red mud into a cover, in Proceedings Mine Waste and Tailings Stewardship Conference 2018, pp 220–226 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 23, 2018

By John Durkin

A system based on seismic techniques has been developed to detect and locate men trapped underground following a mine disaster. Both theoretical and field studies have been used to generate models to predict the performance of the system. For a strong source, it is almost certain that the miner's signal will be detected if the geophone array can be positioned over a likely area of entrapment. After signal processing, it is highly likely that the location of the miner can be determined within an accuracy of 100 ft (30.5 m). The system is presently operational in a state of readiness in the event of a mine disaster.

Jan 1, 1980

By T. V. Durkin

Approximately 1,390 t (44.7 million ounces) of gold have been produced in South Dakota since 1875. South Dakota's mining laws attempt to strike a balance between economic development and environmental protection by promoting mining as an industry while requiring prevention of pollution and reclamation of affected lands to a beneficial use. The mining laws have evolved since their inception in 1971, especially in response to gold mining. The laws have remained flexible to meet changing regulatory needs. Gold production has continued relatively unabated, even in the face of public scrutiny, two mining moratoriums, and isolated environmental problems. The department's system of "one-stop-shopping" for environmental permits streamlines the permit process, fosters quick resolutions to compliance problems, and helps keep enforcement actions out of the courts. Specific case histories at heap leach mines within the Black Hills are presented.

Jan 1, 1998

By Fred D. Rosi

Introduction There is probably no field in which materials research has played a greater role than that of electronics. However, to trace present and future patterns of materials research in electronics is not an easy assignment, since this industry has a high degree of dynamism in its growth, and is busily engaged today in the scientific improbabilities of only recent yesterdays. On the other hand, this task seems especially appropriate since electronics is a truly frontier industry - one whose place in American industries has advanced from 50th prior to World War II to 6th in 1967, with sales of more than $22 billion. And this growth has been associated with the equally rapid progress of science and technology over the period - in particular with the emergence of materials science as a vital force in underscoring this progress. For several reasons this parallel growth is not too surprising. First, by its very definition electronics is a science that essentially deals with the nature, behavior, detection, generation, control and utilization of electrons in solids or at their surfaces. Second, in the electronics industry, systems are made of an integration of components, and these components with their interconnections are made of materials. Thus, the basic building blocks of systems are materials; and it has been largely the advances in materials research and technology that have led to new and improved devices and systems. It follows, therefore, that the broadening of the frontiers in electronics through the exploration of new territories is tantamount to scientific discovery and materials innovation to a degree found in no other major industrial activity. But to put this in the proper perspective of present and future materials trends, it would be appropriate first to survey historically the progress in electronics by pointing out major scientific discoveries and associated materials research patterns that have led directly to its tremendous growth. Then from this base we can consider recent trends in materials research that could form the basis for future progress in the electronics industry. In my review I shall examine the areas most familiar to me, so I must acknowledge at the outset that this survey is not all-inclusive.

Jan 1, 1971

By C. Montoya

This paper shows, through a case study, the impact of multivariate grade modelling upon mine design and mine planning. A deposit explored by drill holes is considered, in which the grades of five elements (copper, silver, molybdenum, arsenic, and antimony) are of interest. Forty alternative models of the deposit are constructed by fitting the joint correlation structure of the grade variables and using conditional cosimulation. In addition, a reference model, obtained by averaging the alternative models, is also considered. The study shows that the resulting mine design (final pit characteristics and production schedules) is sensitive to the grade model under consideration, and that the design based on the reference model may not be optimal when compared to the alternative models based on cosimulation. However, when assuming a given long-term plan and extraction sequence, the grades and net present value (NPV) calculated on the reference model are unbiased with respect to those calculated on the alternative models with the same extraction sequence. The latter allow assessing the possible dispersion of the actual grades and NPV around their expected values, and are useful for the planner in order to determine the probability of meeting given production targets and of exceeding or falling short of given threshold grades. Additionally, unlike cosimulation, the separate simulation of each grade variable leads to unrealistic resource models and to biased results in mine design and mine planning. This approach should therefore be avoided, unless the grade variables are spatially uncorrelated.

Jan 1, 2012

By Gary Bennethum, L. Courtland Lee

INTRODUCTION For any identified mineral resource to qualify as a minable reserve, it must contain legally and economically extractable mineral at the time of determination. As competition for land has increased, the legal complexities have more than kept pace, frequently becoming the most important determinant in mineral exploration and development projects. Rarely will developers of a project avoid having to obtain numerous federal, state, and/or local permits while acquiring the necessary legal permission to begin mining. Each site must be selected carefully, not only for economic feasibility, but also for legal feasibility. Although it is impossible to present site-specific solutions for all potential underground developments, certain generalizations may be applied to specific land categories, particularly federally owned land. Such federally owned land includes more than 33% of the land area of the United States and many of the areas potentially attractive for future development. State and local restrictions affect a large portion of the nonfederal land, and those restrictions are equally important even though their diversity and current status require more regional study than can be provided herein (the list of references include sources of additional information). Each potential mining site requires a title search of the land status to determine the land ownership and the conditions affecting development. In addition, appropriate data concerning the mineralogic and economic potentials of an area must be collected. As listed in Table 1, many sources of public information are avail- able to aid potential developers. Fig. 1 illustrates a typical federal master title plat. HISTORICAL PERSPECTIVE The settlement of the United States reflects a fascinating history of public-land laws and subsequent mineral-disposal laws. Most of the statutes of the eighteenth and nineteenth centuries sought to dispose of land for the purpose of generating revenue to the federal government. The underlying need for general revenue contributed directly to numerous and often conflicting land policies. More recently, diverse federal programs such as environmental legislation have transcended the need for revenue in forming the framework that determines who has power over mineral developments and where those developments can take place. In 1812, the General Land Office was established under the Treasury Dept. At that time, English common law prevailed, entitling the owner of the surface to whatever was contained within the surface boundaries from the surface to the center of the earth. Unless a distinct title separated the mineral estate, it was included in the surface-land ownership. However, gold and silver were the property of the crown and were controlled by sovereign prerogative. Early state legislation on the subject of mines and minerals may be classified as legislation providing for the sale of state lands with a reservation of the minerals and legislation recognizing or asserting the sovereign prerogative for precious metals. In 1781, a Pennsylvania statute reserved 20% of all gold and silver ore for the use of the commonwealth. Thomas Jefferson suggested that a portion of all gold and silver be retained by the federal government. These early rules affecting land in the eastern states, now privately held, have been re- pealed, declared obsolete, or largely ignored. Federal legislation prior to 1848 and affecting mining may be classified as legislation reserving the minerals to the United States and legislation authorizing the disposition of reserved minerals by sale, lease, or grant. With many modifications, these basic policies remain in effect at the present time. A 1796 act provided for the sale of the Northwest Territory and for the establishment of the present system of rectangular survey for public lands. The Lake Superior copper region was the scene of "wild and baseless excitement in 1837" when the attorney general concluded that the president had the power to lease lands in Wisconsin; this opinion soon was overturned by another attorney general. By 1846, Congress had passed legislation authorizing the president to sell reserved lead mines "as soon as practicable" since the system of granting Leases had proved to be unprofitable to both the government and the lessees, many of whom refused to pay the rent. The general practice of early federal Legislation was to make a distinction between mineral lands and other lands, deal with them separately, and generally withhold mineral lands from disposal except through special legislation dealing with particular land. In 1848, following the treaty of Guadalupe Hidalgo, a vast land area was ceded to the United States by Mexico. This area included the present states of California, Nevada, and Utah, as well as portions of Arizona. Colorado, New Mexico, and Wyoming. This abolished the Mexican laws and customs relating to mining and preceded the adoption of the miners' own rules and customs. The adoption of those rules and customs followed a hard-fought battle between western congressmen and the eastern establishment. The western congressmen advocated adopting local customs through a location patent system, while the eastern establishment, particularly in Ohio and Indiana, favored an all- leasing system to pay off Civil War debts. The first mining law was passed in 1869 as an amendment to an act granting right-of-way to ditch land owners, and it was followed by the 1872 Mining Law. Precedent was established for the first categories of protected lands in the opening words of this act, which included the phrase "all unreserved" lands. Reserved lands subsequently defined included military and Indian reservations and were excluded from location since they were determined to be reserved lands. However, the overriding purpose of the mining laws was to settle the western lands and generate revenues for the federal

Jan 1, 1982

By Frank E. Cash

Data on the accident experience of the pebble-phosphate industry in Florida for 1930 and 1940 are combined in this report with statistics for the 9-year period 1930-38, inclusive, which were published in Information Circulars 69173/, 69684/, and 71005/. The periodic compilation and publication of such data enable the pebble-phosphate industry, as well as other industries, to consider the relative hazards, compare experience, and thereby help to prevent accidents. ACKOWLEDGMENTS Accident data were furnished by the following operating companies: Amalgamated Phosphate Co., Brewster; American Agricultural Chemical Co., Pierce; Coronet Phosphate Co., Plant City; International Agricultural Corporation, Mulberry; Phosphate Mining Co., Nichols; southern Phosphate Corporation, Bartow; and Swift & Co., Fertilizer Works, Bartow.

Jan 1, 1941

By Ernesto Diez-Canseco Yañez

El siguiente trabajo señala los modos de aprovechamiento del mineral de carbón denominado "andracita", en tanto materia combustible de producción de las briquetas. Es decir, se busca crear un producto biocombustible que mantenga su calidad ecológica y que a su vez genere mayores posiblidades de venta en el mercado internacional, Para ello es necesario, evaluar el nivel de los aglutinantes en su composición y tratar de conservar sus características primigenias de dicho producto.

Jun 20, 1954

By M. Leroux, J. A. Finch

"Sizing below 38 µm (400 mesh) is an increasing requirement in mill testing laboratories. The Cyclosizer is gaining wide acceptance in this role. A recent alternative is to use electro-formed sieves (micro-sieves), which are available with openings down to 5 µm. The advantage of micro-sieving is a cut size which is independent of mineral density, easier retention of the fi nest fraction and reduced purchase cost. A simple method of microsieving using an ultrasonic bath, which performs readily to 10 µm, is described.A systematic study of Cyclosizing and micro-sieving is reported for three samples; silica, copper oxide and a lead concentrate. Micro-sieving gave comparable results. Comparison with a standard sizing method, the Sedigraph 5000D, revealed misplaced material in each fraction by both methods. The range for micro-sieving was from 20% to 60% depending on the sieve and material; for the Cyclosizer it was a consistent 40-50% for all cones and all materials. The Cyclosizer can be sensitive to feed mass and particle size for dense materials. It is recommended that for minerals of specific gravity greater than 5, no more than 35 g of -38 µm be used.The disadvantage of micro-sieving is that it requires continuous operator attention and sieving time depends on sample mass. To fractionate 35 g-as used on the Cyclosizer and considered at reasonable mass for mill testing purposes-through 25-, 15- and 10-µm sieves requires about 80 minutes.IntroductionParticle size has a pronounced influence on mineral separation processes. Consequently, the measurement of particle size plays an important part in mill testing. By far the most common method is by screening. This, however, is usually limited to 38 µm (400 mesh) or occasionally 25 µm (500 mesh). Increasingly, mineral products are becoming finer than this limit and consequently finer sizing methods are required."

Jan 1, 1982

By C. T. Harper, B. J. Fryer, R. P. Taylor

"IntroductionThe Maurice Bay deposit is one of a number of uranium deposits that have been found in recent years in the Athabasca Basin of northern Saskatchewan (Tremblay, 1982). This deposit, along with the others, belongs to the unconformity type deposits (Beck, 1977). They are, for the most part, polymetallic, being characterized by a suite of metals which include U, Ni, Co, Cu, Pb, Zn, Mn, V, Ag, Au, Pt-group elements, S, As, Bi, Se, Te, and Mo, some of which, besides U, are present in economic concentrations (Amok, 1974; Ruzicka, 1975; Tapaninen, 1976; Hoeve and Sibbald, 1978; Dahlkamp, 1978). The Maurice Bay deposit was known to be a small low grade deposit in which the ore was essentially monomineralic, consisting mainly of pitchblende (Harper, 1978). However, the occurrence of trace amounts of some of the elements common in the larger polymetallic ore bodies (e.g. Key Lake, Cluff Lake D) was anticipated. Thus a lithogeochemical sampling project was undertaken in 1979 across part of the Maurice Bay deposit (Harper, 1979). Major oxides (SiO2, Al2O3, FeO, Fe2O, MgO, CaO, K2O, Na2O, MnO, P2O5, and TiO2) and a group of the most common trace metals (U, Ni, Co, Cu, Pb, As, Au, V, and Se) were analyzed to determine whether any elemental patterns (halos or depletions) could be detected which would reduce the number of pathfinder elements needed for exploration purposes. In addition to the above metals, Th was also checked because some conglomerate strata in the Maurice Bay area are known to be thorium-enriched (Harper, 1978). Only the trace metal distributions will be discussed in detail in this report.General GeologyThe Maurice Bay area is underlain by three major groups of rocks, the White Lake metamorphic complex, an unnamed granodiorite complex, and the Athabasca Group, described previously (Fig. 1; Harper, 1979). Table 1 summarizes the stratigraphic features as deduced by geological mapping and the examination of drill cores."

Jan 1, 1986

By Forrest T. Moyer

In conjunction -with the statistical survey of the lime industr-.r in 1939, by the Bureau of Hines, producing companies reported the lime-fuel ratios attained in their plants according to type of kiln and kind of fuel. Each ratio, expressed as the number of pounds of lime burned by a unit quantity of fuel, was weighted according to the tonnage of quicklime pro- . duced at the reporting plant and grouped with similar data from other plants, so that an average ratio for each type of fuel and,kiln could be calculated. By this method the variables trat affect ratios of individual plants are more or less equalized, and the computed average lime-fuel ratios provide a fair measure of kiln and fuel efficiencies during 1939.

May 1, 1941

By Willy Contreras, Omar Barrios, Ned Vásquez

Entre los diferentes tipos de riesgos asociados con la minería subterránea, uno de los más críticos son las vibraciones generadas por efecto de las voladuras. En este contexto, las vibraciones por voladura son un riesgo inherentemente ligado con los eventos sísmicos. Por tal motivo, es de suma importancia realizar un estricto control de vibraciones para minimizar el daño al macizo rocoso que a su vez nos permitirá: reducir la sobreexcavación, optimizar los recursos para el sostenimiento de labores, mitigar los riesgos subsecuentes por subsidencia o estallido de rocas y sobre todo la continuidad de la operación minera cuando está cerca a comunidades sensibles a su área de influencia.

Sep 29, 2023

By R. S. Jones

"Fording Coal Ltd. is now in its fifth year of a 15-year contract to supply 3 million long tons of clean coal per annum to its Japanese steel-making customers. The mine employs both conventional truck-shovel and unconventional ""walking"" dragline coal mining techniques in multiple-seam pits. This paper describes the present and future application of the 60-cu.-yd dragline and truck-shovel pre-stripping fleet in 1•ecovering 5- to 40-footthick coal seams in mountainous terrain. Deep blastholes, coal flow demands, spring ""run-off"", seam and inter-seam thrust faulting, limited seam outcrop data and regional faulting are a few of the problems encountered in this application. The author discusses these problems and their solutions as applied at Fording Coal Ltd."

Jan 1, 1976

By George H. Davis

Much concern has been expressed recently as to whether water supplies will be sufficient to support accelerated energy development foreseen in operation Independence. Taking the Nation as a whole, sufficient water is available for energy growth, but locally, as in arid parts of the Colorado Basin, limited water supplies will dictate economies in water use and affect plant siting. As Young and Thompson1 point out with respect to electric power generation, the term "water requirements" is misleading, as demand for water for cooling is sensitive to price of water and thus is quite flexible rather than the inflexible or fixed level implied by the word "requirement." Much the same is true of other energy conversion systems. Water is used in many aspects of energy production including mining and reclamation of mined lands, on-site processing, transportation, refining, and conversion to other forms of energy. In the East, South, Midwest, and along the seacoasts, water supplies are generally adequate for energy industries; most water problems in those regions relate to pollution rather than supply. West of about the 100th meridian, however, runoff is generally less than potential diversions and energy industries must compete with alternative uses for the limited available water supplies. Water is especially short in areas of less than 10 inches mean annual rainfall where natural precipitation generally is insufficient for establishing vegetation without irrigation. Extraction. The principal categories of extraction comprise coal mining, oil and gas production, uranium mining, and oil shale mining.

Jan 1, 1974

By M. Tanaka, T. Oishi, K. Koyama, S. Alam

"A novel hydrometallurgical process for copper recovery from waste printed circuit boards has been proposed, which consists of selective leaching of copper metal as Cu(I) by Cu(II) in ammoniacal alkaline solution, purification, and electrowinning. The distinct feature of this process is much lower power consumption during the electrowinning than that during the conventional one from acidic copper sulfate media, because the deposition of copper metal from Cu(I) at the cathode and the oxidation of Cu(I) to Cu(II) at the anode take place in the present method. In the laboratory-scale tests using waste printed circuit boards, high purity copper which contains 1.1ppm of impurities was obtained in a chloride system. INTRODUCTIONThe recovery of various metals from waste materials is an important issue in order to conserve the environment and metal resources. Copper is used for cables, electric appliances, etc., and is currently a very important material for industries and will continue to be in the future. Among the wastes that contain copper, one of the most complex recycling materials is electronic scrap like printed circuit boards (PCB), which generally contain 10-30% copper as well as plastics, fibreglass and other metals. There are two ways to recover copper, either pyrometallurgical or hydrometallurgical. Hydrometallurgical treatments generally have more flexibilities in the process scale and control. The separation processes tend to become complicated because of the poor selectivity during the leaching in the sulphuric and hydrochloric acid media. On the other hand, the use of ammonia as a complexing agent, gave a higher selectivity for copper leaching (Nigo, Majima, Hirato, Awakura, & Iwai, 1993; Majima, Nigo, Hirato, Awakura, & Iwai, 1993; Zhou, Shinme, & Anezaki, 1995; Koyama, Tanaka, & Lee, 2006) .In this study, recycling process containing leaching, copper deposition at a cathode and oxidation of copper(I) at an anode from ammoniacal alkaline solutions containing Cu(I) or Cu(II) is introduced. Furthermore, copper recovery from a waste printed circuit boards and impurity behaviour was examined in ammonia-ammonium sulfate (sulfate system) and ammonia-ammonium chloride (chloride system) systems."

Jan 1, 2012

By Dachun Liu, Lei Shi, Yongnian Dai, Bin Yang, Yang Tian, Tao Qu

The carbonthermal reduction of high Mg–Si nickel laterite was studied under vacuum. The effects of adding calcium oxide and the reducing agent on the reduction of silicon in residue were studied at pressures of 10–200 Pa and different temperatures, with varying proportions of carbon and CaO. The analysis of the residue was performed using X-ray diffraction and chemical composition analysis. The results show the following: At 1350 °C with a C/O ratio of 1.5:1, the recovery of Si reached a maximum 71.09%. Under these conditions, Si exists mainly in the forms of Fe3Si, Fe2Si, FeSi and SiC. The recovery of Si was above 80% when the temperature was 1450 °C, the C/O ratio 1:1, and 15% addition of CaO. When CaO addition was 22.61%, all of the solid phase was Ca2SiO4.

Mar 1, 2017

By Clyde Williams

If you would allow me some liberties, I would re-state the title of this talk as Scientific Research, Our Greatest Resource, because that title would represent more clearly a present-day conception of the metals and minerals situation. It is a subject worthy of careful consideration. Canada and the United States are so similar and interdependent in their national economies that, in the following discussion, examples of conditions in the United States may? be interpreted to apply to Canada as well. Moreover, it is a striking fact that the per capita value of mineral production in Canada and the United States in 1940 was almost the same. Therefore, in the consideration of this subject, I have made no attempt to differentiate between the two countries. The consumption of the world's mineral resources in the last few decades, and particularly during World War II, has been so enormous as to require some form of magic to ensure the continued progress of civilization in the face of a diminishing supply of these resources which are so critically essential. As Dr. C. K. Leith pointed out in 1941, industrial expansion has been so great that, during the first forty years of this century, the world used more of its mineral recourses than in all preceding history. And this did not include the all-out consumption during the succeeding five years of war.

Jan 1, 1947

The accurate estimation of ore reserves is the most crucial element in a financier's assessment of the risks associated with funding a mining project. It is crucial because any deficiencies in the estimation of a company's ore reserves will be later reflected in the cash flows derived from the production and sale of the commodity. Bankers must rely on the advice of members of your institute in assessing the quality and quantity of reserves. This information helps determine the cash flows which bankers use in their credit making decisions. It is against this background that this exposition has been prepared on "what bankers require in ore reserve statements" or put another way, "what does a bank require in ore reserve statements in order for it to provide the necessary credit Approvals".

Jan 1, 1987