Search Documents

By Donald E. Archibald, Gerald A. Allcott

"Noranda's Heath Steele Mine is located 35 miles north of Newcastle in northern New Brunswick. Blasthole open stoping with partial delayed filling is the major mining method in use. The selection of stope and pillar dimensions to ensure mine stability was originally subjective. This paper describes the progress made in attempting to rationalize design.One major feature is the fracture pattern. The main orebody now being mined, the B zone, has undergone five periods of folding and each period of folding developed a family of fracture planes which are axial planar to that particular fold pattern.The other major features considered are the calculated increase in stress due to mining and depth and its relationship to measured strain. Experience has shown that ground problems affecting production have usually originated in rib pillars. Field observations of ground deterioration and multi-wire extensometer measurements of strain are tabulated together chronologically for each pillar.A factor representing stress and a common plane of weakness are identified. Graphical analysis is used to determine the effect of the plane of weakness on a typical stress/strain curve and provides a base for the design of pillars."

Jan 1, 1981

By J. Tuzo Wilson

Abstract A division of part of the Canadian Shield into provinces believed to represent former mountain belts is attempted, special emphasis- being laid upon radioactive age determinations, the relation of Archaean to Proterozoic rocks, and the structure of the Grenville province. Original data on the distribution of radioactivity within several batholiths and their connection with ore deposits are' presented. The possible growth of continents and a theory which explains the shape and distribution of the world's younger mountain and island areas are discussed and applied to the Canadian Shield in an attempt to explain how the growth and present structure came about. The relation of the major mining camps of northeastern Ontario to fault zones is discussed in the light of this theory. Introduction The valuable symposium issued by this Institute to celebrate its jubilees emphasizes the important role of major faults in determining the location of many ore deposits in the Canadian Shield. Many of these faults are known to extend for long distances. It is therefore widely appreciated that it would be of great value if the pattern, ages, and causes of these faults were better understood. This would be particularly useful if the relations of the major fault systems to petrological and metallogenic provinces and to former mountain belts could be established. Each year the volume of available data, and hence the chance of reaching a fuller solution of this problem, increases. This article is a review of the present situation. It is accordingly based almost wholly upon the work and ideas of others, which are gratefully acknowledged. Naturally, responsibility for the selection and marshalling of the data is the writer's.

Jan 1, 1949

By A. D. Hunt

THIS PAPER will review Canada's fossil fuel situation as we understand it today and indicate some of the options available to meet our energy requirements during the next 15 years. It would therefore be helpful to examine Canada's total energy requirements and discuss the un certainties of the data base on which we must base future energy investment decisions. On the world scene, Canada is at the top of the energy-consuming nations, using about 49 bbls of oil equivalent per caput/ year. This appears to be slightly ahead of the U.S. and of course much higher than that of many countries. It is generally accepted that there is a more or less direct relationship between energy consumption and material standard of living. However , as we know, Canada, when compared with other industrialized countries on a GNP, an individual-income or some other standard basis, is lower in the list. This situation may be explained by our more severe climate and a relatively small population distributed over a land mass second only to that of the Soviet Union.

Jan 1, 1977

By H. D. B. Wilson, D. T. Anderson

"Canadian sulphide deposits generally have characteristic compositions. Metal associations in ore deposits and in igneous rocks are similar.Nickel: sulphur ratios, copper-nickel ratios, and nickel :cobalt ratios in copper-nickel sulphide ores are characteristic for most orebodies. Nickel, as sulphide, is highest in ores associated with ultrabasic rocks, whereas copper is highest in ores associated with gabbros. Cobalt is relatively constant. The metal ratios in copper-nickel ores are due, first, to the composition of the related igneous rock or magma; second, to the partition ratios of the metals into the sulphides when separating from the silicate rock or magma; and third, to the conditions at the time of deposition. Each factor is discussed and the evidence indicates the Frood orebody is a magmatic segregation in place and Falconbridge is an injected sulphide melt. Many Canadian orebodies containing copper, zinc, or lead also have relatively constant compositions. •Copper and zinc are concentrated in gabbro and diorite, and copper-zinc ores in northwestern Quebec are spatially related to gabbros and diorites. The same three factors con-trolling metal ratios in. copper-nickel deposits should control the metal ratios in copper-zinc deposits if the metals come from the gabbro-diorite intrusions.The ratios of base metals in common sedimentary rocks are not similar to the ratios in orebodies. Base metal elements are mobilized during high-grade metamorphism, but much fundamental research is needed before the relation between metamorphism and ore deposits can be established on a sound basis. The distribution of elements in sulphide orebodies suggests that cop-per, zinc, and lead are deposited simultaneously .in relatively constant proportions rather than successively in a paragenetic sequence. Zoning may be due to different ratios of metals being deposited under changing temperature, pressure, and chemical environment, or may be the result of other processes."

Jan 1, 1959

By A. Saigal

A finite element analysis based investigation using DEFORM software was undertaken to model the extrusion of 15% alumina and 15% silicon carbide reinforced aluminum metal matrix composites. The study dealt with predicting the extrusion load as a function of ram displacement and initial billet temperature. The finite element simulation was also used to determine the maximum extrusion load, temperature distribution, maximum temperature, strain rate, velocity and stress distributions in the billet during the hot extrusion process. The constitutive equation used was of the type: Z = E exp(Q RT) = A{sinh(ao-)}" where Z is the Zener-Hollman parameter (temperature compensated strain rate), s is the strain rate, Q is the activation energy, R is the gas constant, T is the absolute temperature, a is the flow stress and A, a and n are constants. Based on the work of Davies et al and McQueen and Konopleva, the values of Q (KJ/mol), a (MPa-1), n and A for aluminum 6061 composites reinforced with 15% alumina and 15% silicon carbide used are 181, 0.024, 4.15 and 1.33x10'2 and 233, 0.052, 2.60 and 1.26xl0'4, respectively. Even though the individual parameters are quite different, it was found that the predicted maximum extrusion load, temperature distribution, maximum temperature, strain rate, velocity and stress distributions are quite similar and differ by no more than 1-2 percent between the two composites indicating that the deformation behavior is primarily controlled by the matrix material and is not a function of the type of reinforcing ceramic particulates.

Jan 1, 2004

By M. W. Airth

ON THE 6TH JULY in the year 1953 an announcement was made to the public that touched off one of the greatest staking rushes in the history of mining in Canada and resulted, in tl1e space of a few short years, in the development of the greatest reserves of uranium-bearing ore in the world. It was ?On this date that the famous "Blind River back-door staking bee" was completed with the acquisition of some 2,000 claims by the Preston East Do me-Technical Mine Consultant teams under the direction of Mr. Franc Joubin and Mr. Robert C. Hart. That story has been told from coast to Coast and is too well known now to re-quire elaboration. Suffice to say that, in the short elapsed time of less tl1an five years from that momentous summer of 1953, three of the Algoma mines are in full production, three more are rapidly nearing full production, five more 1are approaching the production stage, a new hard-surfaced highway, 108, has been built to serve the area, and a brand new, completely planned city, Elliot Lake, is being built to provide the amenities of living to the 22,000 people already in the area.

Jan 1, 1958

By S. Foged

Umicore and MWH jointly demonstrated that mechanical dewatering of goethite and neutralised tailings significantly increased the life of a 30 ha tailings pond and improved the operation of the pond. Umicore operates one of its zinc production plants in Balen, Belgium. As part of its production process, an excess of neutralised and goethite¬containing tailings is generated. These have historically been stored inside large lined ponds. As the storage area of the current goethite pond was nearing its capacity, Umicore studied the potential for an extension to the existing embankment. However, this extension would face intense regulatory scrutiny, because the environmental and safety impacts were considered important. Together with Umicore, MWH suggested and investigated an alternative treatment approach consisting of mechanical dewatering prior to storage. A feasibility study was prepared where wet storage was compared to dry storage. Differences in safety risks, environmental impacts and economic costs were outlined. The study demonstrated that the life of the tailings pond could be increased from 6 to 22 years, seriously reducing the environmental impacts and safety risks at no significantly higher cost than would have been incurred with the continued operation of the existing pond. The results of the study are presented in this paper.

Jan 1, 2006

By A. Romero

"Most underground mines require heating or cooling systems to meet health and safety standards in the working areas. In regions where daily or seasonal fluctuations of environmental conditions exist, these systems tend to be over-sized and operate at low average load factors, which increase both investment and operating costs. One possible approach to reduce the temperature variations of the fresh air supplied to the mine, and so reducing the investment in large heating or cooling systems, is to use rock as a thermal regenerator or thermal storage system. Packed rock beds act as thermal inertial units, damping the atmospheric temperature oscillations to provide a more constant fresh air temperature. However, although regenerators exist in some mines, and packed bed rocks have been studied in detail in solar thermal power applications, there is a lack of tools to design new and sufficiently large storage systems of this kind. This work fills the existing gap by presenting a methodology to design and evaluate the impact on the ventilation systems of these regenerators. The method is validated using existing rock bed systems found in the literature and illustrates possible designs for small and large size regenerators in both hot and cold climates.1 INTRODUCTION “ It is quite amazing how often answers to extremely complicated problems can be obtained in this way, by using greatly simplified models of the real situation for the purpose of calculation.” Whiller, A. in private communication to J. S. Stachulak (1989). Motivation Most underground mines located in regions with extreme climatic conditions require the thermal pre-treatment of the fresh ventilation airflows, whether for heating or cooling. Heating commonly is needed in sites with sub-zero temperatures and is usually effected by direct or indirect burning of natural gas or propane. Alternatively, cooling is required in areas with hot temperatures, or in mines with high underground thermal loads where the fresh air at ambient temperature cannot provide enough refrigeration. Thus, when the ambient air conditions cannot provide by itself enough thermal power to ensure safe underground working conditions, a heating or cooling plant is required, which involves a considerable equipment and operation cost."

Jan 1, 2019

By G. W. Adams

Foreword While the literature on radium is voluminous, there is no single publication available from Canadian sources which attempts to cover at all fully the world radium industry. The comparatively recent developments in the Wilberforce area, and the consequent arousal of public interest in radium, seemed to call for the publication of such a paper which would be intelligible to the layman. To satisfy this apparent need, the writers submit this paper which contains material derived from various sources, and for which the writers make no claim of originality. Direct references are made throughout the paper to sources of information.

Jan 1, 1931

By L. C. So, S. Faucher, S. Mostaghel, D. Sauter, S. -Y. Oh, S. K. Lee

"Molten material from pyrometallurgical furnaces is tapped at high temperature, carrying a large amount of heat. Traditional handling methods of slow air cooling or water granulation do not allow for the recovery of heat from slag and matte. Furthermore, water granulation adds an inherent safety risk of explosions. Recently, there have been numerous studies into processes attempting to recover waste heat. However, most of them have never been commercialized due to numerous challenges including scalability, cost, low heat recovery efficiencies, and difficulties in heat utilization. Ecomaister-Hatch has recently developed and commercialized a reliable and simple dry atomization system that allows for heat recovery while eliminating the use of water. Comparisons of pilot and commercialized dry atomization and heat recovery technologies will be presented and challenges of these technologies will be highlighted.INTRODUCTION Slag has traditionally been regarded as an undesired waste product from smelting operations with slag management focused on removal and disposal of “waste”. Over 500 million tonnes of slag are produced per year, carrying with it ~220 TWh of energy (Barati, Esfahani, & Utigard, 2011). Depending on the process, the energy content of slag ranges from 10-90% of the total energy input (Barati, 2011, Rodd, 2010). There has therefore been great interest in recovering energy from slag. Slag handling methods can broadly be classified into three categories: (1) dumping and slow cooling, (2) wet granulation and (3) dry granulation. As discussed below, only dry granulation routes are amenable to heat recovery. Slag dumping involves the slow cooling of molten material and crushing of the resulting solid. In this process, slag is dumped on the ground directly from furnaces or transferred to slag pots that are moved by rail or haulers and then dumped on the ground. The molten material is left to cool and solidify until it can be broken and handled by heavy machinery."

Jan 1, 2017

By J. R. Morris

"A hoisting plant design should satisfy two basic requirements:1. to provide the necessary materials handling capacity, including ventilation where applicable, while meeting the requirements of good practice and, as a minimum, government regulation; and2. to optimize the economics of the project. Selection of hoisting equipment to meet the first objective is a complex but logical engineering process. The necessary calculations of payloads, accelerations, speeds, rope strength, hoist size, and power requirements are very readily carried out on computers or programmable calculators. A variety of hoist options can be quickly examined to assess the effects of changes in design parameters.Meeting the second requirement involves balancing the costs of various hoist arrangements and shaft designs, together with the time cost effects of differing shaft sinking rates and potential advances to be gained by concurrent level development. The proposed mine layout is significant here, as is the possibility of future shaft deepening and/or production increase. The availability of used equipment may be significant, both as regards first cost and delivery time. The factors are interactive, with their relative effects .varying from project to project. This paper sets out the primary factors to be considered."

Jan 1, 1990

By R. B. Hyde

"Severe drilling conditions and difficult mud problems are briefly out-lined as the major cost items in all production operations. The chief problems discussed are abnormal pressures, high temperature, trouble-some shales, and low rates of penetration. These problems have been eliminated or greatly reduced in many areas by• the proper application of recently developed drilling mud products and techniques. These severe problems and their solutions are discussed generally: the application of high-density weighting materials to overcome abnormal pressures; surfactant muds with sodium polyacrylate as a solution for deep and high-temperature drilling; shale control muds and new dispersants for severe shale problems; and low-solids emulsions and •extreme-pressure lubricants for greatly improved rates of penetration."

Jan 1, 1959

By X. Gu

Mining operations, especially surface coal mines, have great impacts on the local ecosystem and the environment. However, it has been a common practice in mine design that the economic evaluation considers only the operating and capital costs, while the costs incurred due to ecological damage are left out. Such practice underestimates the total cost of mining and ignores the difference in ecological impacts between different mine design alternatives. With growing interest in sustainable development, the mining industry is under increasing pressure to operate not only based on economic and engineering principles but also on principles of sustainability. Therefore, estimating ecological costs of mining and considering such costs in the mine design process is an important step towards reducing ecological impacts at the design stage. The objective of this paper is to quantify the ecological costs of open pit coal mining and to demonstrate the influence of such costs on the ultimate pit design. The ecological costs of mining are estimated based on the areas and types of land damaged by mining activities and the carbon emission from energy consumption. Four major components of ecological cost are identified, namely, lost value of direct eco-services, lost value of indirect eco-services, prevention and restoration costs, and the cost of carbon emission from energy consumption. Necessary equations are given for estimating these costs. An algorithm is described for ultimate pit optimization in coal deposits with near-horizontal coal seams. A case study is presented in which the ultimate pits with and without ecological costs are optimized and compared to show the influence of ecological costs on the pit design outcome.

Aug 1, 2013

By G. F. Carr

"IntroductionFLUORSPAR has been found at several •localities in Newfoundland, but all the commercial deposits discovered to date are in the vicinity of St. Lawrence, a town on the southeast coast. Most of the veins are within six miles of St. Lawrence harbour, and between sea-level and an altitude of 400 feet. The St. Lawrence Corporation of Newfoundland, Limited, and Newfoundland Fluorspar, Limited, a subsidiary of the Aluminum Company of Canada. Limited. are the two producers.With the arrival of 1953, the St. Lawrence area entered upon its twenty-second •consecutive year as a producer of fluorspar. Production has increased more or less steadily during this period, as is shown by the fact that approximately one-half of the total shipments to date have been made during the past six years. Between four and five hundred men are employed by the industry, and more than $1,250,000 was paid out in wages and salaries during 1952. Shipments during that year reached an all-time high of 81,283 tons valued at $2,484,943, compared with 67,925 tons valued at $1,966,477 in 1951 (1).As a result of an agreement made in July, 1952, with the United States Defence Materials Procurement Agency, production of the St. Lawrence Corporation, Limited, and St. Lawrence Fluorspar, Incorporated, an affiliated company, will •be increased by .approximately 50,000 tons of acid-grade fluorspar per year. The contract extends over a period of four years, or until 150,000 tons of acid-grade concentrates have been produced."

Jan 1, 1954

By J. C. Li, Y. Zou, L. He

"The effect of rock joints is significant in characterizing dynamic behaviors of discontinuous rock masses. To reveal the relation between the transmission coefficient and the contact situation of the joint surface, an experimental study on stress wave propagation across an artificial rock joint was carried out using a modified Split Hopkinson Pressure Bar (SHPB) apparatus. All the bars and specimens were norite cored from the same site, and one surface of the specimen which contacted to the transmitted bar was sawn with a number of notches to simulate the artificial rough joint. According to a wave separation method, two strain gauges were mounted on each pressure bar at a specific spacing, then the incident, reflected and transmitted waves across the joints were obtained from the test data. It was found that the contact situation of the rock joint surface makes a different on the wave propagation. Finally comparisons of the transmission coefficients with different contact area ratios and different joint thicknesses were made respectively. The results show the effects of contact area ratio and thickness of joints on wave transmission.INTRODUCTIONJoints affect the dynamic mechanical behaviors of the rock masses significantly. When propagates across the rock masses, wave usually attenuates in amplitude and frequency due to the presence of the joint as a discontinuous interface in the rock masses. Rock joints are the main factor that affects the behaviors and properties of rock masses. Many researchers have focused on the mechanical properties of rock joints under quasi-static conditions. Nowadays, the effect of joint dynamic properties on wave propagation across rock masses is gradually taken into account in theoretical and numerical studies.The effective contact area, joint roughness, and properties of the asperities and filling materials have been found to influence the normal stiffness of joints (Bandis et al. 1983). As suggested by the International Society for Rock Mechanics (ISRM), the roughness of the discontinuities can be generally characterized by large-scale “waviness” and small-scale “unevenness” (Brown 1981). Many researchers focused on the roughness of rock joints that affects the mechanical properties of rock masses and wave propagation. For example, Brown and Scholz (1985, 1986) presented theoretically and verified experimentally a closure model of contact between two random nominally flat elastic surfaces, which showed that the joint closure property depended both on the surface topography and material properties. Pyrak-Nolte et al. (1997) presented the quantitative aperture data for three-dimensional interconnected fracture networks, which were imbedded in intact opaque rock samples several centimeters in length, using x-ray computerized tomographic (CT) imaging. Fardin et al. (2001) systematically investigated the effect of scale on the surface roughness of rock joints and concluded that samples should be equal to or larger than the stationary limit for surface roughness to be accurately characterized on a laboratory scale or in the field. Zhao et al. (2006) conducted excellent ultrasonic tests across intact cement mortar specimens, singlefracture specimens, and two-fracture specimens."

Jan 1, 2015

By N. M. Stubina, P. J. Lind

Barrick Gold is in the process of building several new mines and implementing new processes at existing mines for which metallurgical technology is of key importance. The roles of the company's Strategic Technology Solutions team and the Barrick Technology Centre are discussed within the context of their responsibilities within Barrick's Operations Support group. The paper will present an overview of the development of the technology centre from the former Placer Dome Research Centre to its current form supporting strategic technology, capital projects, and operating sites. Novel approaches to research and development will be presented as well as an overview of some of the technologies developed from bench-scale to pilot-scale, and beyond.

Jan 1, 2011

By A. H. Onur, S. Ural

"The Afsin-Elbistan coal deposit with its 3.4 billion metric tons of reserve is the biggest coal basin and one of the most important resources for electrical energy production in Turkey. The coal deposit is located north of Elbistan, Kahramanmaras Province, in southeast Turkey (Fig. 1).The Kislakoy sub-basin of the Afsin-Elbistan basin was selected as the first open cast mine to feed four power station blocks of 340 MW each. The mine is equipped with six identical bucket wheel excavators of the type Sch Rs (2300/5) 32. The annual coal demand of the power station is 18.5 million metric tons. The Elbistan basin encompasses an area of 900 km2, and its centre lies about 1150 m above mean sea level. The sedimentation took place mainly in the upper Pliocene period. The thickness of the coal bed varies from 20 m to 60 m, respectively. The basal part of the coal beds consists of clay, marl and sandy clay. These formations are overlain by gyttja, which may also occur in the form of calcareous ooze, enveloping coal beds. The thickness of the gyttja is up to 35 m (Otto-Gold, 1969). The coal of Afsin-Elbistan is soft coal and the quality has been found to vary considerably throughout the deposit. The thicknesses of the sterile intercalations vary from 0.50 m to 2.2 m and average 1 m in thickness. From the quality control point of view, the coal seam is regarded as upper seam where the gyttja formation occurs as sterile intercalations, and lower seam where the clay formation occurs instead of the gyttja (Fig. 2). The CaO content of upper Kislakoy coal is very high, grinding resistance is low and base to acid ratio of ash, that is, the ratio of acid oxides of metals to base, is greater than one (Ural and Onur, 2001). Contrary to upper Kislakoy coal, CaO content of lower Kislakoy coal is very low, grinding resistance is high and base:acid ratio of ash is smaller than one. Modified Impact Strength Index (MISI) tests are used to determine the grindability of the Elbistan coals (Ural, 1999)."

Jan 1, 2003

By Michael Moats, Adirek Janwong

The use of cylinder electrowinning cells, such as emew® technology, for the recovery of silver from primary and secondary sources has been growing. In this study, common operating parameters used in silver electrowinning were evaluated for recycling applications. Silver powders were produced from an industrial solution in a laboratory scale emew® cell. A design of experiments was employed to evaluate the effects of HNO3 concentration, iron concentration, current density and solution flow rate on current efficiency, particle size, bulk density, and crystallographic orientation. Current efficiency was affected by each parameter with increasing HNO3 concentration having a strong negative effect, increasing iron concentration and current density having moderate negative effects and increasing flow rate having a positive effect over the ranges examined. Finer particles were produced with increasing current density and decreasing flow rate. Bulk density increased when HNO3 concentration increased. The crystallographic orientation of all powders was dominated by the (111) plane. Increasing flow rate decreased the relative intensity of (200) direction. Based on these observations, silver electrowinning in cylindrical cells can operate at high current efficiency and produce larger powders at low HNO3 concentration, low iron concentration, low current density and high flow rate.

Jan 1, 2014

By Sanat Talmaki

Construction and mining worksites pose unique challenges to workers and equipment operators due to their dynamic and unstructured nature. Narrow haul roads, crowded work spaces and presence of workers and equipment in close proximity, combined with large blind spots and overall poor visibility afforded to operators lead to collisions and run-over-type accidents between equipment, workers, and other entities that may be present on the jobsite. Operations that involve machine-infrastructure interaction, particularly in the case of concealed infrastructure such as excavation and drilling lead to unintended strikes between the equipment?s end-effect or and the infrastructure. Such accident-prone scenarios can be avoided by providing operators with real-time feedback and warnings using 3D visualization and proximity monitoring of the entities present in the equipment?s vicinity. Thus the jobsite in the real world is abstracted and represented in a 3D virtual world. However, this requires the ability to create a seamless link between real-world sensors present on the equipment and/or the jobsite and the virtual environment. This paper describes a non-restrictive acquisition allocation framework that allows position and orientation sensor streams from construction and mining job sites to be used for updating 3D virtual scenes in real-time for providing vital collision avoidance warnings to equipment operators.

Aug 1, 2013

By H. R. Bullis

"A 2003 paper discussed the idea that as gold mining companies grow larger it becomes more difficult for them to discover or acquire new gold deposits large enough to replace extracted reserves on an annual basis. Deposits of the size required to replace annual production of very large gold producers (VLGPs) are statistically few. An update in 2005 reviewed VLGPs with respect to production, reserves, and reserve life and observed recent changes in the gold mining industry. Now, more than 12 years later, this paper explores how those VLGPs have fared and how the gold mining industry has changed. KEYWORDS Gold, Gold price, Production, Reserves, Very large gold producer (VLGP) RÉSUMÉ Un article de 2003 examinait le concept selon lequel, à mesure que les sociétés d’exploitation aurifère se développent, il leur devient de plus en plus difficile de découvrir ou d’acquérir de nouveaux gisements aurifères suffisamment grands pour remplacer les réserves qu’elles extraient annuellement. Statistiquement, il existe très peu de gisements de la taille requise pour remplacer la production annuelle des très gros producteurs d’or. Une mise à jour de l’article en 2005 se penchait sur la production, les réserves et la durée de vie des réserves des très gros producteurs d’or ; elle portait sur les récents chan¬gements au sein de l’industrie de l’exploitation aurifère. Aujourd’hui, plus de 12 années plus tard, cet article explore l’évolution et les résultats de ces très gros producteurs d’or, ainsi que les changements qu’a connu l’industrie de l’exploitation aurifère. MOTS CLÉS or, prix de l’or, production, réserves, très gros producteurs d’orINTRODUCTION In 2005, the world’s top five gold producing companies were Barrick (after purchasing Placer Dome; 9.1 million ounces; Barrick Gold Corporation, 2005; Placer Dome, 2005), Newmont (8.2 million ounces; Newmont Mining Corporation, 2005), AngloGold Ashanti (6.2 million ounces; AngloGold Ashanti Limited, 2005), Gold Fields (4.2 million ounces; Gold Fields Limited, 2005), and Harmony Gold (3.0 million ounces; Harmony Gold Mining Company Limited, 2005). During the years leading up to that point, there had been a flurry of activity in the gold sector directed at consolidating production and reserves to create very large gold producers (VLGPs). As defined in Bullis (2005), a VLGP is a mining company whose primary busi¬ness is gold production and that has annual gold production more than 5 million ounces. A stated corporate goal of several of the VLGPs at the time was to become the largest gold producing company in the world."

Jan 1, 2019