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By Scott K. Palm, Neil D. Pearson, Jr. Read

"Uncertainty is an important feature of many investments, but it is especially important for mineral properties. Mine properties often entail large investments and fixed commitments. Managers in the mining industry often view price uncertainty as undesirable, due to the possibility that the price of the mined commodity will fall to a level that prevents the firm from recovering its investment and fixed costs. This paper identifies pitfalls in conventional valuation methods and outlines a new approach to valuation based on option pricing theory and dynamic programming. In the process, it identifies generic strategies for organizing mine production in ways that allow the owner to benefit from the uncertainty in mineral prices. IntroductionRisk is pervasive in the mining industry. The operation and maintenance of a mine may involve high, and unavoidable, fixed costs. A mine owner can only begin to recover these fixed costs if the price of the mined commodity is greater than the incremental cost of production. But the prices of many minerals are extremely volatile. The price volatility of copper has been significantly higher than the price volatility of a typical stock, for example. A mine owner cannot be sure that the price of the mineral product will remain high long enough for the firm to recover its capital and fixed costs.Mine owners are able to minimize their losses during periods when the output price is below the incremental cost of production by temporarily closing operations. During these periods they incur only fixed costs. While shut-downs help minimize losses, the y do not help the firm recover its initial investment. If output prices remain low long enough, the fixed costs and original investment may never be recovered. High fixed costs, therefore, lead to substantial downside risk."

Jan 1, 1986

By DALE MacGREGOR, VERA TUREK

lndusmin Limited acquired the St. Donat quartzite deposit in 1967 to produce high-quality silica for use in the sandblasting and silicon carbide industries. The quartzite, of Grenville age, is highly friable and porous. This is due to numerous small, kaolinite-coated cavities in the quartzite; the cavities were formed through leaching, probably by rising hot solutions.

Jan 1, 1984

By D. Madsen, B. Salamondra, A. Moss, D. Etienne

"Raise mining at the Namew Lake Nickel Mine in Manitoba uses 3 m diameter bored raises driven at 45 to 50 degrees dip for stope access and drilling. These raises are developed within the orebody on 20 m centres to accommodate electric-hydraulic longhole jumbos and charging wagons. Critical elements of stope development include delineation of are contacts, control of deviation during raise development, optimal stope sequencing to permit a high extraction rate, drill anchorage installation, production drilling and blasting, and ground control. Procedures to deal with these elements are described, with emphasis on the geotechnical investigation for design of open stopes and pillars.Although mining with drilled raises does not have the flexibility to follow large variations in orebody dip, results to date indicate that it can be used successfully in the thicker ore zones. Thinner zones are currently mined using a modified Avoca method. Some flexibility to accommodate variations in orebody dip in thin are zones may be obtained by using alimack raise climbers to drive access raises, and carry longhole drills and charging equipment. Rock quality has been sufficiently good to maintain stable stope walls for full-height mining of primary stapes at 20 m strike length.IntroductionThe Namew nickel deposit is located 60 km south of Flin Flon, Manitoba. It is a moderately dipping (45 to 50 degrees) pipe-like ultramafic intrusion with a sulphide halo enrichment. The diluted recoverable ore reserves at January I, 1990 are 2.2 million tonnes grading 2.05% Ni and 0.7% Cu. The operation is a joint venture between Hudson Bay Mining and Smelting (60%) and Outokornpu Mines Ltd. of Toronto (40%). The mine is budgeted to produce 530 000 tonnes in 1990. The deposit was discovered in 1984 and mine development commenced in 1987.In the raise mining area, primary stopes will be filled with a high quality backfill consisting of cement and quarried limestone. Secondary stopes will be mined out between the primaries in the second pass of mining. The design extraction rate is 94% over all.The orebody above 120 level has an average mining width of 2.4 m, so is too narrow for raise mining. A modified form of Avoca stoping is used."

Jan 1, 1991

By Leiting Yue, Peng Ren, Yu Shen, Zhihong Liu, Haibao Shao, Longgong Xia, Feng Yu

The Kennecott-Outotec Flash Converting technology has been proven as an advanced and mature process in 5 individual plants during the past 2 decades. High grade copper matte (65–72%) produced in the flash smelting, or other smelting technologies is granulated to 3-5mm granules in a water torrent, and further crushed to fine powder (≈50µm) and dried to contain less than 0.3% H2O. Oxygen enriched air, together with fine copper matte powder and lime flux are injected into the reaction shaft by a matte burner. The copper making and slag making reactions will happen in very short time and distance during the particle falling and settling. However, industrial practice has found negative effects caused by sodium contamination. Na is introduced in the copper matte granulating process, and appears as Na2SO4 on particle surface. When Na content was high, scaling problems in the boiler will be worse, and the processing air will be blocked by the growing accretion around the matte burner, and as-produced blister copper is always high in S and O. In this present study, an industrial matte sample was used in the experimental work. Na was introduced into the matte powder by Na2SO4 solution soaking. The burning behaviour of the doped copper matte powder has been investigated as a function of the impurity concentration and processing temperature. Morphology and composition of these samples explained how Na2SO4 converts and reacts in the oxidizing atmosphere, and how they or their converting species influence the burning behaviour of matte particles. Cross-sections of as-prepared samples were analyzed with SEM-EDS, and the reaction mechanism has been carefully interpreted. Results from the present study can benefit both academic and industrial people. INTRODUCTION "Flash Converting" technology was developed jointly by Kennecott Utah Copper Smelter and Outotec (Finland) OY in 1992. The first industrialization of the technology was in Utah Smelter in 1995. Since 2006, it has been successfully applied in Xiangguang Copper, Tongling Jinguan Copper Branch, Fangchengang Jinchuan Copper, and Ningde Southeast Copper. The technology has also been further developed in those smelters. At present, roughly 2 million tons blister copper is produced annually through the Kennecott-Outotec Flash Converting technology, accounting for more than 10% of global primary copper production. The technology has advantages of high efficiency, high sulfur capture rate, good in environmental issues, mature equipment supporting, high automatic control level, low comprehensive energy consumption and flexible connection with the smelting unit, which make the technology to be one of the best choices in investing a new large-scale copper smelter or updating an old copper project in the world.

Jan 1, 2019

By Nural Kuyucak, Bohumil Volesky

"Extensive screening revealed a seaweed (alga) biomass type which in its non-living state possesses a very high cobalt sequestering capacity comparable to that of activated carbon and the ion-exchange resin currently used in the cobalt production process. Performance of the new bio-sorbent material was studied by examining its equilibrium metal uptake isotherms generated under different solution conditions such as initial cobalt concentration pH, temperature, and the presence of selected cations and anions. The rate of cobalt uptake was determined, which is a crucial parameter for recovery process design. Almost all cobalt sorbed can also be desorbed with a solution of CaCI2. The bio-sorbent material can be used repeatedly in the sorption-desorption cobalt concentration process. IntroductionIt has been well documented that certain types of microbial biomass, living or non-living, possess a high potential to sequester and accumulate inorganic ions present in aqueous solutions. Metal concentration by microbial biomass from a solution is termed bio-sorption. This phenomenon is quite complex and includes adsorption of metals onto the surface of a microorganism and/or into the cellular structure in combination with ion-exchange, complexation, and/or micro-precipitation. Bio-sorption is generally considered to be a rapid physical/chemical process. The cell wall structure is porous and allows metal ions, as well as large organic nutrient molecules, to pass freely through. Polysaccharides of the cell wall could provide binding amino, carboxyl, phosphate and sulphate groups. In addition to these functional binding groups, polysaccharides often have ion-exchange properties. Sometimes, bivalent cations, such as Ca2+ or Mg2+, help the formation of ionic bond bridges between the negatively charged cell surfaces and positively charged cations in the solution, Proteins in the cell wall could offer functional groups and also offer peptide bonds to bind ions. Interactions between metal and the cell wall components are responsible for the sequestering of metals by way of bio-sorption. Many metals feature a complex solution chemistry and it is not always possible to determine what ionic species are actually present in the solution. The equilibria involved are dependent on pH, concentration, the anions present and other factors. The transport system for the ions are sometimes dependent on both temperature and energy. Biosorbent material could also be regenerated for multiple reuse."

Jan 1, 1988

By B. R. Schneiders

"Atikokan is 200 km west of Thunder Bay and earned its mining fame from the discovery of the Steep Rock Iron Range in the late 1930s. Gold, however, was discovered in the Atikokan and Mine Centre areas in the late 1800s and eventually led to one of Ontario's first gold camps, and a total production of approximately 52,000 oz of gold and 174,000 oz of silver from 218,000 tons milled.The general geology of the area consists of Early Precambrian rocks of the Wabigoon and Quetico subprovinces, separated by the east-trending Quetico Fault. The Wabigoon Subprovince, to the north, consists of metavolcanics, minor metasediments and granitic batholiths. The Quetico Subprovince consists of metasediments and granitoids. Small ultramafic plutons occur throughout the metasediments.Within a 50-km radius of Atikokan, more than 50 gold occurrences, prospects and past producers have been discovered since the 18oos. The Atikokan Gold Study performed by the Ontario Geological Sur vey (Wilkinson, 1980, 1982) defined three types of gold mineralization in which gold is concentrated in quartz and quartz-carbonate veins:I) Metavolcanic-Hosted, Stratabound Type-associated with altered felsic fragmental units and chemical sedimentary rocks; possible gold mineralization source rocks. The mineralization is due to metamorphogenic (epigenetic) enrichment. Associated with dynamic metamorphism events and/or felsic intrusive events.2) Marmion Lake Batholith Type-occurs within the gneissic core of the batholith associated with north east-trending lineaments, representing faults or shear zones. Mineralized veins are related to several periods of deformation and shearing, suggesting that metamorphogenic veins were produced during dynamic metamorphism.3) Contact Zone Type -occurs in the contact zone rocks between gneissic batholiths and meta volcanic belts. Hydrothermal solutions produced during several deformational periods acted to leach and concentrate gold mineralization. Localized, discontinuous shear zones host the epigenetic (metamorphogenic) veins.Twenty-one properties in the area were mapped and sampled, and researched petrographically and geochemically. Geological data from the Atikokan Economic Geologist Program of the Ontario Geological Survey are used in discussing the types of mineralization, genetic models, and exploration targets and techiques."

Jan 1, 1983

By Rui Wang, Engang Wang, En Jiang, Anyuan Deng, Xingwu Zhang, Fei Wang

In this paper, the rectangular strands of Incoloy 800 superalloy were fabricated with a pilot vertical continuous caster in Northeastern University, China. In the processing, an electromagnetic stirring (EMS) is applied on the secondary cooling zone to control the solidifying structure and segregation of elements in the strands. The solidification structure of Incoloy 800 superalloy strands were investigated at different electric parameters and casting parameters. The research results show that the EMS can effectively restrain the dendrite growth and increase the ratio of equiaxed grains in Incoloy 800 superalloy strands as applied a suitable electric parameters and cooling condition in the process of continuous casting. The evolution of dendrite crystallization in Incoloy 800 alloy strands from the surface to its center during the solidifying process was investigated with and without EMS.

Jan 1, 2014

By Greg Gosson

"Early efforts to develop formal reporting systems to quantify and classify mineral deposits date back over 100 years. (e.g. Hoover 1909: “Proved, Probable, Prospective Ore”). This was at first driven by mine operators’ need for reliable estimates of what their mines could produce. Disruption of transportation routes by world wars prompted western governments to recognize the need for assessments of strategic sources of metals and minerals that could support domestic industry during times of crisis. Categories were created to quantify mineral potential which were additional to those of mine reserves. Terms such as hypothetical and undiscovered resources entered the lexicon. Capital markets serving the mining industry were traumatized during the latter part of the 20th century by undisciplined and fraudulent disclosure by exploration companies of mineral deposit potential. Government securities regulators pressed for the development of credible reporting codes (e.g. SEC Industry Guide 7: 1981; JORC 1989; SAMREC 1994, CIM 2000). Representative organizations from the major western mining countries generally agreed that there should only be three categories of mineral resources (measured, indicated, and inferred) and two categories of mineral reserves (proven and probable). This was formalized in 1997 with the “Denver Accord”. Acceptance of the standard terminology may have been the easy part, because the challenge for the 21st century is to get general industry acceptance and agreement of the principles behind the definitions of each category. There has been noticeable movement towards this objective in the last few years. This is reflected in part in the updated reporting codes by JORC 2004, CIM 2005; SAMREC 2007; SME 2007; and PERC 2008, and the development of the CRIRSCO International Reporting Template 2007."

Jan 1, 2003

By W. Dan Hausel

"Abstract-Hundreds of diamonds have been found in the United States. The majority of the discoveries occurred during the 19th century as a by-product of placer gold mining. Most of these early diamond finds have no known source, and in many cases are situated in areas unfavorable for diamond exploration based on current models that require kimberlite or lamproite to be emplaced in a stable Archean craton or Proterozoic craton margin.Diamonds have also been recovered in situ from lamproite at Murfreesburo, Arkansas, from kimberlite in the Lake Ellen region of Michigan, and in several kimberlites in the Colorado-Wyoming State Line district. Unverified reports also suggest that diamonds may have been recovered from other related intrusions at a number of localities in the United States."

Jan 1, 1995

The following briefing is intended to provide an overview of the present and future challenges associated with our access to a secure and adequate supply of electrical energy necessary to support safe, productive and sustainable mining initiatives at Musselwhite. Contents ??Site power demand vs. current available supply ??Supply technical deficiencies ?adequacy and security of present supply ??Present internal generation ??Anticipated future internal generation requirements ??Increased requirements necessary for planned expansion ?demand/security ??Goldcorp?s strategy to achieve required supply ?transmission line initiative ??Subsequent benefits to others from the Goldcorp initiative. ??Economic impact of MusselwhiteMine on the northwest region ??Anticipated economic impact of planned expansion ??Expected life cycle of MusselwhiteMine ??Comparative energy costs for similar operations in other jurisdictions ??Conclusions ??Anticipated action plan ??Energy Management Initiatives ??Site Orientation

May 1, 2009

By S. Yannacopoulos, L. Bichler, P. Wanjara, J. Gholipour

Characterization of a virgin and in-service Inconel 718 alloy was undertaken to study the changes caused by the service conditions on the grain size, ?? phase, MN-type nitrides and MC-type carbides. The size, distribution and volume fraction of these phases and grain size were studied using scanning electron microscopy (SEM), energy dispersive spectroscopy (EDS) and electron backscattered diffraction (EBSD) analyses. A considerable difference in the grain size, as well as distribution and volume fraction of the precipitates was observed in the in-service material as compared to the virgin Inconel 718. As a result of these microstructural changes, a notable dissimilarity in hardness between the materials investigated was observed. The results presented in this study are important for proper development of repair parameters and heat treatment of in-service Inconel 718 material.

Jan 1, 2014

Abstract-This paper discusses the fundamental question, "what is an adequate sample size?" in the light of recent developments regarding parameters of Gy’s well-known formula for predicting sampling variance. New understanding of the granulometric factor, g, and the liberation factor, l, had significant impact on the results of calculations involving Gy’s equation. For the granulometric factor, justifications are given as to why nominal comminution size should always be reported as P95 (i.e., the screen size rejecting 95% of the mass). A small but important change in the model to estimate the liberation factor makes the difference between a predictive formula that works or does not. Other parameters and considerations regarding their practical implementation are commented upon in light of the author’s experience.

Jan 1, 1998

By Gerhard Heinrich

"The composition and the possible utilization of a slag sample from a nickel smelter operation in the Sudbury district were investigated. The sample containing 0.136% Ni, 0.10% Co and 0.29% Cu could be characterized as a fayalit e slag with a sulphide bearing glass matrix. While the fayalite contains most of the Co, Ni is enriched within both sulphides and fayalite. Cu is only present in higher amounts in sulphides or metallic droplets. This, as well as the small grain sizes of the mineral phases, inhibits significant enrichment by mechanical methods. However preconcentration is possible by means of magnetic separation. An effective hydro metallurgical approach proved to be oxygen pressure leaching with sulphuric acid. Accordingly, the method proposed for processing the investigated slags is to combine the normal utilization as coarse construction material with pressure leaching of the fines and the ground upgraded magnetic fraction. Besides the recovery of base metals, the leaching process yields fine-grained residues, which, after addition of CaD, will set to a cement-like material, or can be used as a pozzolanic cement colour. INTRODUCTIONDuring the pyro metallurgical processing of nickel ores, the valuable metals nickel, cobalt and copper are enriched within the sulphide matte, similar to the smelting of copper ores. The resulting waste materials are slags, which may still contain valuable metal contents of up to 0.5% or above . These contents are close to the cut-off grades of some nickel-cop per-cobalt deposits. The methods that are used to recover copper from slags comprise in general further pyro metallurgical treatment, often after enrichment by flotation. Another area of application for such slags is their use as construction material. However, this might cause environmental problems if nickel containing dusts are produced.Based on one example, the characerization and a possible way of complete utilization of nickel smelter slag s as construction materials in combination with partial base metal recovery are described in this paper. The investigated slag sample was obtained from a dump site in the Sudbury district, Ontario. Detailed test series for process optimization were not possible during this study due to the limited available sample size."

Jan 1, 1989

By Robert J. McCarthy

Many technologies have been adopted over the last half century for the haulage of material from open pit mining operations. Some of the technologies utilized include rail, off-highway trucks, conveyors, and slurry pipelines - each having its unique application and benefits. Over time, truck haulage has become the primary means of surface mine material movement, though recently it has been plagued by problems of tire shortages, high diesel fuel costs, labour shortages, and carbon emissions. This paper focuses on In-Pit Crushing and Conveying (IPCC) as a competitor to truck haulage which has the potential to solve many of these problems. An overview of the available technology is presented along with measures required to overcome perceptional if not physical barriers to implementing this technology in modern open pit mines.

May 1, 2011

The Cadia mine is shifting from the open pit operation to the Cadia East underground block cave. The resulting increase in milled tonnes and the decrease in fines production through shifting to block caving require an increase of over 25% in installed power. This expansion is being accomplished via the installation of up-front crushing and HPGR milling of the ore, with the SAG mill receiving a secondary crushed feed. This design, criteria and rationale for selection is presented. Over the coming years, the mine will further expand capacity. The target is to accomplish this with minimal addition of installed power or use of fresh water. This presents a challenge that epitomizes the future constraints on our resource dependent and intensive industry. The approach and proposed options to this longer-term expansion are also presented.

Jan 1, 2012

By L. Tang

A seismic monitoring system was installed in 2005 at Dongguashan Copper Mine, the deepest metal mine in China. Based on the seismic events monitored in situ, the possibility of rockburst prediction and prevention is investigated in this paper. The characteristics of space-timeintensity of mining-induced seismicity and the seismic response to mining are studied in detail using the seismic data in Dongguashan Mine. A conceptual model and a criterion of assessment of hazard seismic nucleation are proposed for Dongguashan Mine. In this model, the mine seismic stiffness method is adopted for rockburst prediction within the framework of the unstable failure theory. To analyze rock failure cases in Donggauashan Mine, the rate of the ratio of stiffness of rock in nucleation area to its surrounding area is proposed as a criterion for rockburst prediction.

May 1, 2009

By José J. Suárez

As pressure grows for commodity pricing, new mines are more difficult to develop, the stock markets demand better financial returns from mining companies, resources for the developing and operations are scarce, and developing countries in Asia, and Africa demand more metals, it is important that mining companies effect better utilization of capital to develop capital projects. In the last few years, the costs for Capital projects have been impacted by the following factors:

May 1, 2013

By S. Zador

"IntroductionIn the past decade, metallurgical and mining companies have shown an increased interest in the licensing of technology. When licensing technology, it is usually to the benefit of the parties, to have at least some of the technology to be licensed protected by a patent.This paper is intended to bridge the gap between the engineer in the field of mining, metallurgy and mineral processing who is interested in exploiting an invention commercially, and the patent agent or intellectual property lawyer whom he/she might retain to prepare a patent application and then prosecute the application to obtain a granted patent. It is also intended to encourage the inventor or a small business concern to consider the value of patents in the sale and licensing of technology. The lawyer may subsequently advise and assist the inventor in licensing his/her invention.A brief outline of some of the basic features of the patent system follows. The nature of the information, which the patent professional requires from the inventor to enable him/her to draft a patent application, will also be considered in general terms. Furthermore, various types of licenses which may be drawn up between a licensor of specific technical information and a licensee, will be listed and briefly discussed. No attempt, however, will be made to give a comprehensive and detailed account of the above aspects; the interested reader should consult legal publication and reference books, and patent professionals for further specific information.A granted patent is a document which describes an invention and how to practise it. The claims of the granted patent, figuratively speaking, fence off the intellectual property the inventor regards as his invention. The Commissioner of Patents, representing the Government, grants to the inventor or his assignee the exclusive right of making, constructing and using the invention, and selling it to others to be used, for a limited period of time, in exchange for disclosing the invention to the public. Thus, a patent prevents others from practising the claimed invention but it does not, necessarily, bestow the right to the patentee to practise his own invention. The term of a patent now in Canada and in most of the developed countries of the world, is 20 years from the date of filing the patent application. In the United States the patent term is still 17 years from the date of issuance of the patent. In Canada, the term was changed to 20 years in the new Canadian Patent Act which came into force on October 2, 1989. Any patent application filed prior to that date or granted before it, retains a 17 year life, commencing at the time of grant."

Jan 1, 1991

By F. Duan, J. Pfarr, J. M. Goris

"The U.S. Bureau of Mines, in cooperation with the Homestake Mining Co. and the University of Utah, is conducting a field demonstration to evaluate the behaviour of rock masses supported with cable bolts. One of two rock masses being studied is supported with both conventional and birdcage cables. This rock mass is located between the 6500 and 6650 levels of the 45-48N stope, 21 ledge. The second rock mass is the hanging wall of the D-limb stope between the 3500 and 3650 levels near the Ross Shaft and is supported with conventional cables. The primary objectives of the project are to monitor the behaviour of the two rock masses during mining using extensometers and cable support strain gauges, after which the rock will be modelled using the finite-element code UTAH III. Field data will be used to verify the modelling. In addition, a comparison between the effectiveness of conventional and birdcage cables will be made.45-48N StopeThe 45-48N stope is located in the 21 ledge between the 6500 and 6650 levels and contains about 233 000 short tons of mineable ore. The orebody lies within the Homestake Formation and is very irregular being approximately 200 ft long and 75 ft wide. Between the 6500 and 6650 levels, it dips from 35 degrees to 60 degrees east with a near-vertical plunge to the south. Mineralization is characterized by arsenopyrite and pyrrhotite with minor gold. The contact between the Homestake and the overlying Ellison Formation creates a plane of weakness along localized graphitic layers. The footwall dips at approximately 60 degrees but between 100 ft and 120 ft above the 6650 level , the hanging wall flattens to almost 20 degrees causing a significant mining problem."

Jan 1, 1991

By W. T. Thompson, S. Durham, K. M. Jaansalu

The role of platinum on the relative stability of gamma - gamma prime equilibrium is only qualitatively known, and may bear upon the stability of a superalloy under a protective coating. The binary phase diagrams Ni-Pt and Al-Pt, and the Ni-rich corner of the Ni-Al-Pt ternary, are reviewed and simple self-consistent thermodynamic models are derived. These thermodynamic models are incorporated into a database used to predict the gamma-gamma prime equilibrium for single crystal superalloys. In small concentrations, platinum is predicted to increase the temperature stability, but not the proportion, of the gamma prime phase over the gamma phase in third generation alloys such as CMSX-10. Another effect of platinum addition is to significantly lower the solidus temperature. These findings are compared to experimental data in the literature.

Jan 1, 2004