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By Karl J. C. Harries

"11.1. INTRODUCTIONA royalty is the most common form of interest retained by an owner who is disposing of his property or by a joint venturer who ceases, voluntarily or otherwise, to participate in the joint venture.1 Rarely does a non-participating party have a direct interest in the property and/or assets of a project, except during the period when a non-participating joint venturer may be having his interest diluted.2 In fact, it is most unwise to permit a non-participating party to have such an interest. It may give rise to significant problems that could prevent or substantially delay the development of an orebody and require a considerable amount of time, effort, and money to correct.3In negotiating a royalty, it is important to be aware that there is no law or convention that says, “You just don’t do that in a royalty agreement.” As with any agreement, inventiveness and flexibility on the part of the negotiator are not just assets, but virtual necessities. It is also for this reason that it is essential to read the royalty provisions, particularly the definitions, fully and carefully, especially if you are the recipient. On the other hand, if your inventiveness and flexibility cause your accountant to question the advisability of one of your ideas, pay close attention to him.4 He will, no doubt, have had experience with many royalties, and no competent professional adviser disparages a client’s ideas without good reason. Besides, he will probably be the person who will be determining the royalty or certifying the determination of it. At the very least, he will be auditing your general financial statements, which must, of course, reflect the royalty determination. Heeding his advice not only may make the determination easier but also will probably save you money in professional fees later on. Nevertheless, do not simply accept his comments or recommendations without understanding what they mean, why they have been made with respect to your royalty agreement (sometimes professionals have comments that they make as a matter of course and, even though they may be valid, you should require them to be justified to you), and how they will affect your royalty determination.It is surprising how many corporate payors insist that their standard royalty provisions5 be used as a matter of policy, thereby effectively tying the negotiator’s hands. It is even more surprising, and to professional advisers frightening, how many of the senior employees who insist that such a policy be adhered to, virtually without variation, do not know what is in the standard provisions and would be hard-pressed to explain them to a property owner. If standard provisions are appropriate, by all means use them, but do allow experienced and sensible negotiators some flexibility and make sure that everyone within the corporation who may have to use such provisions – negotiator and supervisor alike – knows what they contain and why they are as they are. For example, there are often good and convincing reasons to describe a deduction in a certain way or to include a certain specific type of deduction. On the other hand, quite often the answer to the question “why?” is that “it has always been there”; this is, or should be, an unacceptable answer. In any event, if you, as the negotiator, appear to know what you are talking about, are familiar and comfortable with your royalty provisions, and are backed up by your boss with the same words or reasoning, a property owner cannot help but be satisfied that you are knowledgeable, even if he still does not agree with your provisions. Finally, if you do use standard provisions, make sure that they are reviewed and updated regularly."

Jan 1, 2003

By G. S. Ospanova

The results of complex processing sulphide copper ore and advantages of recovery of copper by vat and heap leaching, sorption, cementation and electrolytic solutions processing and utilization of waste material after heap leaching of copper for production of building materials were investigated. The combined chemical solvents with the additives of oxidizing agents are developed at the KazNTU. The solvents are inorganic or organic chemical reagents, which form complexes of Cu, Au, Ag, Pt, Ni, Sr, Co etc. Recovery of non-ferrous metals from solutions and purification of industrial waste waters is carried out on the base of using new synthetic and natural sorbents (from local raw materials) which are able to bind ions in both cationic and anionic forms depending on type of ligands and external conditions. Optimum parameters of copper sorption were determined. The developed wasteless technologies of copper extraction from sulphide ores with usage of new non-toxic solvents and accessible sorbents with full recycling of water are tested in pilot scale heap leaching, and are recommended as the ecological, economical and practical alternative to traditional methods.

Jan 1, 2007

By R. Argane

In this work we assessed the geochemical behavior of concentrator tailings deposited at the abandoned mines of Zeida and Mibladen (Upper Moulouya, Morocco), using physico-chemical analyses, mineralogical characterization, acid base accounting and weathering cell tests. The aim of the study was to evaluate mine drainage quality and to assess metal mobility from these concentrator tailings. Chemical analyses show that the Upper-Moulouya abandoned tailings contain relatively high quantities of lead (0.261 to 0.594 % wt). Mineralogical analyses reveal the abundance of neutralizing minerals (calcite, dolomite, ankerite, and aluminosilicates) which influence mine drainage and metal mobility in mine tailings. Leachate analyses from weathering cell tests show alkaline conditions, small conductivity values, and low solubility of Pb-mineral phases. According to these results, abandoned mine tailings in the Upper-Moulouya district have very low potential for generation of contaminated mine drainage and for leaching of heavy metals. However, the inhalation of tailings exposed to winds generate dust problem facing the local population and may cause health consequences.

Aug 1, 2013

By Z. D. Hora

"There has been a number of new developments in British Columbia's industrial minerals field over the past few years. Several new industrial operations were started to diversify the line of British Columbia mineral production by magnesite, perlite and fuller's earth. Industry activities and geological projects have identified occurrences of rare earth minerals, niobium, kaoline, fireclay and zeolites. The Geological Survey Branch significantly improved its database on industrial minerals. New geological concepts based on recent work are opening a number of new opportunities f or further industrial minerals' exploration and development in British Columbia.IntroductionTraditionally, the value of industrial minerals produced in British Columbia in any given year comprises between 100/0and 15% of the combined value of minerals, coal, petroleum and natural gas. Over the years a wide variety of industrial minerals has been produced , often with different levels of marketings success. For some products, such as dimension stone and clay or shale products, initial strong demand gradually dissipated; for others such as asbestos and magnesite, new discoveries or new industrial activities created demand and new markets . In some cases, such as fluorite , talc, pyrophyllite and perlite, wider use has been prevented by small size, poor quality or remote location of the deposits. Also, British Columbia , with 2.6 million inhabitant s, provides only a limited market and the industry therefore has to look beyond provincial borders."

Jan 1, 1990

By W. B. Gallup

"The Athabasca Bituminous Sands have been subject to sporadic investigations since the beginning of the century. It is probable, however, that much of what has been learned and achieved concerning the deposit has been accomplished in the last few years.Current exploratory techniques, generally speaking, involve a moderate amount of coring. Electrologs and often radioactive logs are run on most holes and certain types of these archieved excellent qualitative analysis when backed up by some core analysis for calibration. Exploration - is moving back from the river and consequently a permanent network of access roads has been developed within the last few years. Most of the operations take place in the winter time. There are about 90 permit holders at the present time.Some exploratory techniques are set up to go into recovery experiments where rich tar beds are found. It is probable that in the final analysis there will be several successful methods of extraction and that both mining and various in situ techniques will be applicable depending upon the problem locally."

Jan 1, 1960

By Greg Gosson, Larry B. Smith

"These are heady times for the mining industry, with strong metal prices, investor enthusiasm for the junior explorer and ready access to finance for mineral projects. Many projects were shelved in the past because of technical deficiencies — insufficient tonnes or grade, metallurgical problems, the deposit was too deep or too narrow, or the project was physically or economically under water. With the possibility of sustained metal prices, now is the time for those previously “challenged” projects to be re-evaluated and financing sought for continued development. The question is, do these deposits have reasonable prospects for economic extraction, as required by all mineral resource reporting codes? NI 43-101 defines a mineral resource as that portion of the mineral inventory that has reasonable prospects for economic extraction. However, a mineral resource is not simply an inventory of all blocks above a given cut-off grade. The spatial distribution and geological and grade continuity must also be considered. The qualified person (QP) must consider factors significant to project economics at the mineral resource estimation stage, and not just when qualifying mineral reserves. CIM Best Practice Guidelines for estimating mineral resources require the factors significant to project economics be current, reasonably developed and based on generally accepted industry practice and experience. In establishing the cut-off grade, it must realistically reflect the location, deposit scale, continuity, assumed mining method, metallurgical processes, costs and reasonable long-term metal prices appropriate for the deposit. Variations within the resource model (rock characteristics, metallurgy, mining methods, etc.) may necessitate more than one cut-off grade or economic limit in different parts of the deposit model. There must be sufficient knowledge of the metallurgical characteristics of the deposit, which should be supported by preliminary metallurgical test results."

Jan 1, 2003

By A. R. Laplante

Gold recovery early in the flowsheet, typically from the primary grinding circuit, has seen significant advances in the past three years. Some of the advances achieved under the auspices of the AMIRA P420B Gold Processing Technology project are reviewed. The areas covered are gravity-recoverable gold (GRG) characterization, GRG behaviour in classification, gravity recovery simulation and the link between gravity recovery and cyanidation.

Jan 1, 2005

By M. K. Abel

"The Strathcona Mine is located in Levack Township on the North Range ofthe Sudbury Basin. The main orebody consists of pyrrhotite-pentlandite-chalcopyrite mineralization associated with an embayment of the footwall of the Sudbury Irruptive. A zone of massive chalcopyrite-cubanite-pentlandite mineralization occurs in a complex vein system in a series of mixed gneisses and breccias in the footwall. Vein widths vary from a few millimetres to 6 metres. In December 1979, this zone was estimated to contain 976,000 metric tonnes, with a grade of 9.31% Cu and 0.46% Ni. The vein system has a general strike of N 68°W at an angle of 60 degrees to the average strike of the footwall contact of the Irruptive. The dip of the vein system is 45 degrees sw. The strike and dip of individual veins in the system coincide with the directions that would result if a compressive stress had acted in a direction normal to the footwall of the Sudbury Irruptive, producing a conjugate set of fractures. The strike of the Irruptive at the Strathcona Mine is parallel to the long axis of the basin.IntroductionThe Strathcona Mine, owned and operated by Falconbridge Nickel Mines Limited, is located in Levack Township on the northwest rim of the Sudbury basin (Fig. I) . It is one of a group of nickel-copper sulphide ore deposits present along an 8.2-km section of the North Range of the Sudbury Irruptive. In the mines of the North Range, subunits of the Irruptive, going from hanging wall to footwall , include felsic norite, dark norite and dark norite breccia. The footwall complex at Strathcona includes the late granite breccia, which hosts a large proportion of the nickel-copper ores, and a compositionally variable group of brecciated and migmatized rocks, herein referred to as the feldspathic gneiss complex. It is within this latter group of rocks that the vein system of the Copper Zone occurs."

Jan 1, 1981

By J. O. Marsden

Over the past decade, the copper industry has been through an extended downturn followed by several years of sustained high copper price. A number of new technologies have been developed over the past 10 years aimed at reducing costs by decreasing energy, labor, and materials requirements, or by increasing metal recovery. The energy intensity of different copper extraction routes and different technologies varies considerably and this has a significant impact on the economics of extraction. Based on average ore grade materials, the total energy for the extraction of copper typically varies from about 24-26 MJ/lb (6.7-7.2 kWh/lb) for the mining, crushing, milling, flotation, smelting and refining route to about 14¬16 MJ/lb (3.9-4.5 kWh/lb) for the mining, crushing, heap leaching, solution extraction and electrowinning route. New technology developments are providing opportunities for significant reductions in energy consumption for copper extraction, representing energy savings up to 20-25% in some cases. In addition, in many cases, these new technologies have introduced environmental, safety and health benefits over the incumbent technology. Some of these technology developments have been more successful than others, and many hold great promise for application in the coming decade. This paper provides an overview of the technology developments that have occurred, and explores the underlying reasons behind successful implementation.

Jan 1, 2007

By D J. McDougall

Due to changes in the solid-state conditions of minerals in the rocks surrounding hydrothermal, contact meta-somatic or metamorphosed ore deposits, positive or negative thermoluminescent anomalies may be found in their vicinity. Several types of equipment which can be used for both quantitative and semi-quantitative measurements of the emission are discussed and compared. Methods of selecting, preparing and testing samples to ensure reproducible results are outlined, along with the kind of data which can be obtained from different types of equipment. The normal thermoluminescence of rock-forming min~ erals in the common rock types is noted, and variations in the solid-state conditions in the wall rocks which will cause marked increases or decreases of true thermoluminescence are outlined, as well as the thermolum-nescence-like emissions which are present in the vicinity of ore deposits. Introduction T HERMOLUMINESCENCE occurs when certain crystalline materials are heated to temperatures ranging between 180' and 400°C. The light emission can be ascribed to the release of electrons metastably trapped within the crystal lattice, with peak emissions taking place at temperatures which are more or less specific for a particular set of traps; the area under

Jan 1, 1965

By M. J. Bunyard, I. Mullany

"The pressures on mine operators are varied and constantly increasing, declining ore grades, more remote locations and increasing environmental concerns. The challenge facing the mining industry is to find new ways to process ores which are more efficient and less costly and to control them better. This requires a fundamental rethink in the way in which projects are developed, it is no longer good enough to just copy what has been done before. The process starts with the surfacing of the primary underlying constraints for the project and the establishment of new design principles to address these. The generation of new design criteria and processing options follows the well-established path of brainstorm, focus, brainstorm, refocus and economic evaluation. The aim is process intensification, doing more with less, as early as possible and better use of plant data. The methodology requires a complete geometallurgical understanding of the orebody to facilitate the evaluation of viable processing options. Examples of early stage processing considered are blast optimization and ore sorting to reject waste and reduce processing costs. Mine to mill integration, which starts with the optimization of blasting for separation, offers another way to significantly reduce operating costs and increase efficiencies.VALUE MODEL The mining industry has, over the past decade, experienced an unprecedented cycle of increased commodity prices and investments in new mining and processing capacity followed by a market collapse and fall in prices and confidence. Whilst there are now some signs of a return to investment in new capacity, the metals and mining industry is still wrestling with eroding margins and investor demand that companies achieve the full value of their assets. Metals and mining companies must work on all available levers to deflate their costs back to more manageable levels and capture the full value for their products. Levers include optimizing external spending, re-thinking make vs buy trade-offs, debottlenecking, improving availability and operating time of key equipment, more accurate and agile planning processes, value-in-use optimization, and tighter performance management. Figure 1 is a diagrammatic representation of a company’s value model. The three goals of a successful mining enterprise are social acceptance, environmental acceptance and sound financial returns to shareholders. Some of the KPI’s used to measure the success or not of achieving these goals are shown in the translation layer."

Jan 1, 2017

By T. A. Utigard

To improve recoveries of Ni, Cu and Co in the Inco flash furnace, a new operating concept was investigated. By adding sufficient coke to form a supernatant coke layer, a reducing barrier would form allowing for improved reduction of descending oxidized sulfide mineral particles formed in the flame. The objective of this investigation was to study the kinetic mechanism and efficiency of the coke layer to produce a sulfur deficient matte. The mechanism and rate of carbon reduction of each of the phases formed in the flash flame, i.e. sulfides and oxysulfides were investigated by means of X-ray visualization tests. Graphite-slag reduction was also conducted for comparison purposes. In the case of slag, poor wettability and the formation of a gas film on the surface of the carbon reductant are often blamed for limiting the reaction surface area that ultimately results in poor reaction kinetics. The X-ray visualization tests confirmed that matte and oxysulfide wet coke better than slag and that the rates of reduction of matte and oxysulfide are faster than that of slag.

Jan 1, 2005

By Michael Samis

The real option valuation method is often presented as an alternative to the conventional discounted cash flow (DCF) approach because it is able to recognize additional project value due to the presence of management flexibility. However, these two valuation methods can be separated on a more fundamental level by their differences in risk discounting. Real option valuation applies the risk-adjustment to the source of uncertainty in the cash flow while the DCF method adjusts for risk at the aggregate level of net cash flow. This seemingly small difference is the reason why the real option method is able to differentiate between projects according to each project?s unique risk characteristics while the conventional DCF approach cannot. This paper provides an overview of the real options and DCF valuation frameworks and discusses the differences in risk discounting that exist between the two methods. Using grade-school mathematics, this paper clearly demonstrates how, with real options, a unique project risk discount can be calculated which is directly linked to the project?s unique risk profile. It also highlights why the DCF method fails in this regard and shows why a call to ?increase the Risk-Adjusted Discount Rate? is an incomplete solution at best. Finally, a heap-leach project and satellite reserve development project are valued with both techniques and the difference in investment conclusions is explained in terms of the risk-discounting concepts discussed here.

May 1, 2003

By Rhual L. Guerguerian

MINING has been practised by mankind for over sixty centuries (1). In 1876, the "ball mill" was patented, and during the century that followed rotary grinding developed to the state where individual machines are treating tens of thousands of tons of ore per day. This paper gives a brief description of design practices prior to the availability of advanced facilities, followed by modern analytical design development at Dominion over the past ten years.

Jan 1, 1978

By Andre Panteleyev, Charels S. Ney, John M. Anderson

"Sam Goosly prospect, 22 miles southeast of Houston, B.C., was discovered in 1967 through geochemical reconnaissance. Soil sampling interpreted with respect to an east-to-west ice movement led to drilling targets.Mineralization is in a window of rocks thought to be Hazelton Group surrounded by Tertiary volcanic rocks and intruded by two stocks separated by about one mile. A westerly quartz monzonite stock is dated 61.1 m.y. and an easterly gabbro-monzonite complex is dated 52.5 m.y. The Tertiary volcanics are trachyandesites shown by the B.C. Department of Mines and Petroleum Resources to be in part extrusive equivalents of the gabbro, and they overlie Hazelton rocks uncomformably. Copper-molybdenum mineralization is sparsely developed in the westerly stock. Silver-copper mineralization forms an elongate west-dipping slab between the stocks in Hazelton rocks, which are continuously pyritized. The gabbro stock is not mineralized, but some dikes related to it are slightly so. Tertiary rocks are pyritized, but are not known to carry copper-silver mineralization. Hazelton rocks are divided into a lower conglomerate, an intermediate pyroclastic unit and an upper mainly sedimentary unit. They form a west-facing homocline. Coppersilver mineralization resides in the pyroclastic unit, mainly in a massive dust tuff through which are lenticular units of lapilli tuff. Well-mineralized rock is typically a breccia of light fragments in a dark chlorite-sulphide matrix. Sulphides are pyrite, chakopyrite and locally pyrrhotite, with very minor tetrahedrite, s phalerite and other sulphosalts. Rock alteration is predominantly a pervasive pyrite-sericite type, with widespread tourmaline, scorzalite, gypsum, ankerite and traces of fluorite. The most evident control of the copper-silver mineralization is the gross parallelism, over a strike length of 1.5 miles, to Hazelton strata, particularly a massive dust .tuff unit. In detail, mineralization crosscuts bedding and there is no appreciable banding within sulphides . A strictly syngenetic origin is untenable, but some initial concentration in a volcanogenic environment with subsequent modification by thermal processes seems likely."

Jan 1, 1972

By A. M. Gaudin

Introduction The discovery of artificial radioactivity, that is, of radioactivity of acorns other than those which are naturally radioactive, has increased vastly the possibility of using radioactivity as an analytical cool. The incomparable value of radioactive atoms, which are commonly termed tracers, arises from the extreme sensitivity of this analytical method. To get an idea of this extreme sensitivity it may be useful co recall that gravimetric analytical methods will not permit the weighing of anything much lighter than one-hundredth of a milligram of material. Under the most favourable circumstances, this represents an uncertainty in the answer of 1016 acorns, or 10,000,000,000,000,000 acorns. Accurate spectrographic methods possibly have a sensitivity 10,000 times greater than this, but the uncertainty is still of the order of 1012 atoms. The tracer permits ascertainment of decay of a single atom so that its sensitivity, without half trying, can be several orders of magnitude greater than that of any other method available co chemists. In addition co the sensitivity of tracers to which reference has just been made, tracers have another property which makes them unique. A radioactive atom is almost exactly like the corresponding non-radioactive acorn m regard to its electronic structure, and therefore in regard to its chemical properties. The nucleus is different, but the nucleus does not participate in chemical reactions. Therefore, a tracer acorn behaves like an ordinary atom until such time as its nucleus undergoes a catastrophic decay. This unique property permits one to use tracer acorns as atomic spies and therefore to follow the behaviour of acorns of a certain kind among their own kind. In other words, the tracer method permits us to study and measure what we call self-diffusion. All of the uses of tracers that have been made depend on the two properties co which reference has been made.

Jan 1, 1949

By Michael Chender

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

May 1, 2010

By J. E. Carter, D. P. Wall

"This paper details the highlights of the open-pit and underground operations of Mclntyre Mines Limited in the Smoky River area of Alberta. Mining methods, operating equipment and manpower are outlined, followed by a discussion of reclamation and environmental control.IntroductionMcintyre Porcupine Mines Limited was incorporated in 1911 and for many decades was known primarily as a gold producer in the Porcupine district of northeastern Ontario. The company, however , has held coal leases in the Smoky River area, near Grande Cache, Alberta, since 1921. Preliminary studies were carried out in the region from 1959 to 1963. In 1964, Mitsubishi, a leading Japanese trading company, (on behalf of Mcintyre), investigated the area as a possible source of coal for the Japanese steel industry. The initial report concluded that Smoky River coal was of high quality, comparable with some of the best metallurgical coals in the world."

Jan 1, 1981

This paper deals mainly with the modernization in the coal loading system at the loading piers of the Dominion Coal Company, Ltd., Sydney, Nova Scotia. The history of the operation is briefly outlined, and the construction of the Company's new pier is described in considerable de-tail. Particular attention is paid to the bins and conveyors, and to the loading tower. The paper concludes with a description of the S.S. Cape Breton Miner, built specifically for the coal trade, and the unloading facilities at Lakeview, Ontario. Coal Shipping at Sydney C OAL from the mines operated in Cape Breton by the Dominion Coal Company, Limited, has been shipped from the International Piers, situated on the east side of Sydney Harbour, for over sixty years. There were three piers, of which two were active-ly used in the shipping of coal until 1964. Nos. 2 and 3 were high piers about 600 feet long, of wooden construction throughout. They were founded on' rock-filled cribs and creosoted piles driven into the harbour bottom, and each had two decks which carried standard-gauge railway tracks.

Jan 1, 1965

By M. Zavvari

Flotation, as with most engineering disciplines, involves testwork. Commonly this means going from lab scale to pilot scale to industrial scale. It is important to conduct tests to identify key parameters and to optimize even at the lab scale. To reduce the number of tests while maximizing the information, it is necessary to use Design of Experiment and Statistical Analysis. In this communication Fractional Factorial Design was used to identify the effect of 7 main factors on barite flotation recovery from jig gravity tailings at the Dorrin Kashan operation. The factors include: pH, collector and depressant dosage, impeller speed (RPM), pulp dilution, particle size and flotation time. By analysis of the output with Minitab software all factors were shown to have an effect. Among the factors, pH and flotation time have an interaction effect but the others have wise effect as an interaction effect and main effect. Finally, reliability tests at pH= 9, RPM= 1000, collector 1 000g/ton, depressant l 750g/ton, particle size 90 µm, flotation time 90 s, pulp dilution 23 % solids, the optimum level of each factor, were done. At the optimum level a barite concentrate with average specific gravity 4.308 g/cm3, average grade 93.72% and average recovery 90.04% was produced from the jig tail.

Jan 1, 2009