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By P. J. Bourassa

Incorporated in 1957 under the laws of the Province of Quebec, Quebec Cartier Mining Co. undertook the development of its low-grade iron ore reserves located at Lac Jeannine in the southwest extremity of the Quebec-Labrador trough. This challenge comprised the construction of a 200-mile access road, two towns, a 191-mile-long railroad from Port Cartier to Lac Jeannine, a hydro-electric generating plant on the Hart Jaune River, and mining, crushing, concentrating and ancillary facilities to support a yearly production of 8.0 million tons of iron ore concentrates at 66% Fe. In order to meet increasing market demands for iron ore concentrates concurrently with the depletion of its Lac Jeannine reserves , Quebec Cartier announced, late in 1969, the first step toward bringing into production a new iron ore deposit, known as Mount Wright, located 70 air miles northeast of Lac Jeannine and 25 miles southwest of Labrador City, Newfoundland. In September 1970, the company announced its decision to develop and bring into production its Mount Wright reserves at an annual rate of 1 8.4 million dry long tons. The scope of this project included the construction of an access road linking the mine, the new town and Labrador City, Newfoundland, the extension of the railroad by some 86 miles, the construction of an ore concentrating plant with all the ancillary facilities, the development: of the mine, the construction of a pourer transmission line and a new town adjacent to Lake Daviault. The Mount Wright story is divided into five individual papers covering: (a) the history and development of the project; (b) the mine; (c) plant control by a process computer; (d) crushing, grinding and concentrating; and (e) the townsite of Fermont.

Jan 1, 1977

By S. W. Marcuson, P. J. Mackey

The Canadian non-ferrous mining and metallurgical industry has made great strides in environmental protection during the past half century. The path taken by the copper-nickel smelting industry in reaching today’s level is traced in this paper. Following the practice at early copper smelters in Wales and in the US, Canadian smelters originally used tall stacks to disperse furnace of-gases. This was the normal mode of operation and was accepted by society and by Government. Gradually, Government regulations required fixation of sulphur dioxide emissions and Canadian companies responded with significant technical developments to achieve this result. The initial development in Canada of the first new technologies such as the Cominco Flash Suspension Roaster and the Freeman Flash Smelting Process - both representing early versions of the modern established flash smelting technologies - and then later technologies such as the Inco Flash Smelting Process and the Noranda Process, both of which continue to this day, are discussed in this paper in terms of their contributions to the development of environmentally friendly plants. The evolution of these and other technologies is also discussed. Some comments regarding how the industry will face the future are also included.

Jan 1, 2015

By A. D. Yell

"Recovery of water is always a major factor in the Beneficiation process. As Preparation Plants become larger the recovery of water for reuse, is a critical cost consideration. Tema Isenmann Inc in conjunction with our sister Company Multotec Manufacturing, has over the years, developed numerous different Screen Panels, Sieve Bends and Static Screens for dewatering. This paper will focus on a new innovation, the TeePee™ Panel which has double the open area of conventional Screen Panels. This results in efficient dewatering (reduced filter cake moistures) which allows for the use of smaller Vibrating Screens or increased capacity on existing Vibrating Screens. A major factor in the efficiency of any Screen Panel, including TeePee™ Panels, is the performance of the Vibrating Screen. If the Vibrating Screen does not have the required gravitational force or screen area to drain it will not dewater efficiently. Therefore a holistic approach has to be taken where the Vibrating Screen needs to operate at an optimal level, in conjunction with the correct Screen Panels, to achieve efficient dewatering. Key performance areas for Vibrating Screens are therefore detailed in this paper with an emphasis on important dewatering criteria. Case studies of different dewatering applications are included, where the use of TeePee™ Panels, has shown a marked improvement over conventional flat Screen Panels in reduction of filter cake moisture content.INTRODUCTION Dewatering can be done in a number of different ways and is largely dependent on the ore type, the particle size distribution and to what extent one needs to dewater will determine the method used. There are a number of different dewatering methods that can be used for particles above 200 micron, including Screen Bowl Centrifuges, Filter Presses, Static Screens, Static Sieve Bends and Vibrating Screens. This paper will focus primarily on Vibrating Dewatering Screens showing improved drainage and a reduction in the filter cake moisture content. KEY PERFORMANCE CRITERIAL FOR VIBRATING DEWATERING SCREENS For clarification the critical key performance criteria for Vibrating Dewatering Screens are set out in this paper. Dewatering Screens Vibrating Dewatering Screens are normally linear motion, either horizontal or inclined at 5 to 7° upwards with a vertical or back sloped plate at 45° to the rest of the screen deck. The back plate will often have screen panels in them to increase the dewatering capability, as shown in Figure 2 below."

Jan 1, 2017

By A. Gakwaya, K. Ba, M. Guillot, J. Levesque

"In the aerospace industry, parts requiring tight dimensional tolerances and high mechanical properties are often produced by forging. This forming process allows for an optimal use of the material and can produce high quality parts at a reasonable cost. Thanks to CAD techniques, it is now easier to predict flow profiles and in-process defects occurrence as well as wear of the forging dies. However, in order to determine the properties of the forged part with computer simulation methods, a good material constitutive law is a prerequisite. This paper presents a virtual manufacturing process modeling for the closed die forging of a workpiece performed with Abaqus. The hot closed die forging is a regular process applied to manufacture metallic components used in aerospace industry. In this forming process, the material flow and final properties depend on the microstructure evolution during the process that is why it is important to include the microstructure effects in the material model. Based on the stress-strain data measured experimentally, the material parameters of the standard (classical) Johnson-Cook constitutive model and of a modified Johnson-Cook constitutive law including the microstructure effects have been determined. The obtained simulation results are compared with the experimental results for validation.INTRODUCTIONDue to their good physical and mechanical properties such as ductility, fatigue strength, corrosion resistance and rupture, aluminium alloys are often used in the aeronautic and the automobile industries. In this work, we present the forging of an Al-Zn-Mg-Cu alloy, a high strength aerospace alloy recognized for his good combination of physical and mechanical properties. The forging process is simulated in Abaqus Explicit using both the standard Johnson-Cook law (Johnson & Cook, 1983; Hor, 2011; Lin et al., 2012), and its modified version as proposed by Andrade et al., (1994). The Johnson-Cook law offers the advantage of considering the coupled effect of the plastic strain, the plastic strain rate, the temperature of forging and the hardening effect. However, it is a phenomenological model which does not account for the effect of the microstructure evolution. In this work, a modified Johnson-Cook model implemented in a user subroutine is used. It includes the effect of the dynamic recrystallization phenomenon during the hot deformation. The dynamic recrystallization has a noticeable influence on the microstructure and on the properties of the material. The term dynamic means that the process starts and acts during the deformation and this is different from the static mechanism of recrystallization which occurs during an annealing and after cold or hot deformation. Since properties of the alloy used in this work are not readily available in the literature then characterization tests have been done at various temperatures and strain rates, in order to determine the thermomechanical properties and the material behavior during the process of hot forming, more precisely during the hot forging process."

Jan 1, 2016

By M. Epiney, A. Ghahreman, R. Kim1and

"Pre-oxidation and cyanide leaching behavior of gold in the presence of sulfide minerals were reviewed, focused on the effects of oxygen injection in the gold leaching process. Generally, pre-oxidation and gold leaching kinetics from iron sulfide refractory minerals, such as pyrite, pyrrhotite, marcasite, pentlandite and arsenopyrite, can be enhanced with higher dissolved oxygen (DO) concentration. However, most of copper sulfide minerals dissolved well both in water and cyanide solutions, and copper from the minerals consumed DO and cyanide to oxidize and leach. Only in the presence of chalcopyrite, gold leaching was effectively occurred with increasing DO. However, chalcocite and covellite severely retarded gold leaching. Stibnite, an antimony mineral, formed a passive film on the gold surface under any DO conditions, and it slowed gold leaching. This impeding effect can be alleviated by leaching at low pH or adding lead salt. Using oxygen and lead together can make synergistic effect in oxidation of sulfide minerals and can enhance gold extraction. Depending on the mineralogical characteristics of the ore, the optimum DO and lead concentrations can be optimized. However, lead can cause environmental problems, and so its dosage should be minimized or eliminated by substituting it with oxygen injection.INTRODUCTIONGold ores containing sulfide minerals are becoming more significant as high grade gold oxide deposits are continuously becoming difficult to find. In light of this situation, to produce more gold, recovery methods from refractory gold ore containing various sulfide minerals should be investigated. Generally, sulfide minerals have impeding effects on gold leaching: formation of a passive film on the gold surface, high consumption of chemicalssuch as cyanide and oxygenduring leaching, reduction of gold cyanide by sulfide ions, etc. (Senanayake, 2008). Therefore, sulfides must be properly treated for better gold recovery. Pre-oxidation of sulfide minerals by injecting pure oxygen can decrease the impeding effects in gold leaching. Prior to cyanidation, sulfide minerals can be oxidized to metal hydroxide and sulfate form, which consume negligible cyanide in the following cyanidation circuit (Bodnaras et al., 1993). Moreover, gold cyanidation can be enhanced by increasing concentration of the dissolved oxygen (DO). In general, the optimum concentration ratio of [CN-]/[O2] is calculated as 6, but it goes higher in the real system (Marsden &House, 2006), which means that the reaction is typically controlled by DO concentration."

Jan 1, 2017

By A. Gronningsater

Introduction As is well known, the fight between the blast furnace and the reverberatory furnace in copper smelting during the second decade of the century ended with a victory for the latter, a result which must largely be attributed to the introduction of flotation methods. To my knowledge, no new blast furnace has been blown-in at any American copper smelter since the War. As the metallurgy of nickel, up to and including matte smelting, is generally considered a close parallel to that of copper, the introduction of reverberatory smelting in the big new smelter of the International Nickel Company at Copper Cliff, built in 1928-30, seemed a logical adherence to a well established trend. In view of these facts, considerable comment was made when Falconbridge Nickel Mines decided to retain the blast furnace in their smelter built about the same time, in 1929. A presentation of the reasons governing this choice should therefore be of interest. The basic principles underlying the Falconbridge practice, and the considerations guiding the successive steps in the operations, will be discussed in the following. To understand the problems involved, the character and mode of occurrence of Sudbury ore must be kept in mind. Large amounts of disseminated ore are generally present. Although the gangue usually runs only about 50 per cent Si02, the ore hoisted as a rule contains more silica than needed in the smelting operation; until recently this excess was removed entirely by hand picking (in later years supplemented by magnetic sorting methods), a difficult and not very satisfactory method, in which 'the border line between ore and waste is entirely arbitrary, and therefore too much depends on the judgment of the picker.

Jan 1, 1934

By N. R. Thote, J. L. Porathur, C. P. Verma

Highwall mining is a highly mechanized coal mining method associated with several advantages, such as a very high production rate (approximately 3,000 t/d) and low production costs. There is no requirement for underground support, ventilation, or blasting. Production leads to added recovery, which is otherwise lost in the ultimate pit. The use of highwall mining can bridge the gap that exists between supply and demand in the energy sector. This paper presents a brief review of highwall mining technology, including current status, analysis tools, and design techniques. In addition, it identifies important parameters from the analysis of failure case studies.

Jan 1, 2014

By J. J. Mather

NEPHELINE SYENITE is a feldspathic rock resembling granite in texture and hardness but it is white in colour and contains appreciable quantities of the mineral nepheline, the result of a silica deficiency. It is relatively common, with known occurrences in Russia, Scandinavia, India, Canada, United States, and other parts of the world. However, the particular deposit being mined at Nephton, Ontario, by American Nepheline Limited is unique in its remarkable uniformity and low content of iron bearing minerals, both qualities essential in a ceramic raw material. The orebody is a pear-shaped mass over five miles in length, up to a mile in width, rising in three prominent ridges as much as 300 feet above the surrounding lakestudded terrain. American Nepheline holdings, consisting of 2,200 acres, comprise some 85 per cent of the total mass.

Jan 1, 1957

By J D. McDonald

This paper outlines the function of the Safety and Compensation Division of the Mining Association of British Columbia. After a general discussion of safety and the safety program now being followed in B.C., the author goes on to describe the wide-ranging aspects of compensation payments and company assessment rates. Special attention is also given to the problem of silicosis in mining operations. In appendices to the paper, the experience rating plan of the mining industry is compared to that recently adopted for the construction industry. Introduction The Mining Association of British Columbia consists of fifty-five member companies, including virtually all the producing mines as well as the larger exploration, contracting and development companies. On completion of an extensive study of safety and compensation in the mining industry, the Mining Association of British Columbia instituted a Safety and Compensation Division in 1954. The director of the Safety and Compensation Division reports to the Executive Committee of the Association. There are two main functions of this Division. First is the prevenion of accidents by encouraging

Jan 1, 1965

By H. W. Fleming

In 1955, the results of a regional, geological interpretation of the northern portion of New Brunswick were used as a basis for selecting, for intensive exploration, three areas in which structural and stratigraphic conditions were believed to be favourable. Airborne electromagnetic work, in one of these areas, provided the justification for acquiring the Murray group. Even though the initial results were discouraging, this geological interpretation, combined with the fortuitous discovery of cop• per-bearing float, was sufficient reason for carrying out further work using geochemical methods. This work finally resulted in the discovery of the Murray massive-sulphide deposit, after about eighteen months of coordinated exploration on the property. While this deposit is a typical New Brunswick-type base-metal occurrence, extensive leaching has produced a fossil gossan that rendered it an elusive target for exploration techniques of limited penetration Full credit for localizing the target area is given to the geochemical techniques, but geophysical surveys were needed to provide the necessary

Jan 1, 1961

By J. E. Nesset

"This paper discusses the importance of considering residence time distribution (RTD) in the design of flotation and mixing circuits and in the analysis of operating problems. The experiences and successes of Brunswick Mining in this area are covered and include: the development of a practical RTD measurement technique using pulp conductivity, baffle installation to improve the RTD of existing process equipment, and the method in which RTD considerations have been used to design the newest flotation and conditioning operations IntroductionThe use of residence time distributions (RTDs) in the design and analysis of unit operations is well understood by the chemical engineering profession in while mineral processing engineers have tended to rely on empirical and rule-of-thumb factors. For example, in scale up from laboratory and pilot test results to full size flotation plant design, empirical rule s are often used to establish residence time and number of cells in the bank. Coleman suggests a factor of at least 2, and up to 5 for gold ores, be applied to laboratory determined flotation times. This is further illustrated in Table I, taken from Denver equipment. The number of cells in series to achieve the required retention time while minimizing short-circuiting has generated a variety of conclusions (Table 2). Obviously there is less than complete agreement on the subject. Young notes that a clear difference of opinion has emerged and cites as extremes, (i) the publications of Outokumpum showing unimpaired recovery for its largest machines (38 m3) compared to equivalent retention times for numerous smaller machines, and (ii) the experiences of Eastern European countries where the practice is to install banks of 30 unit s or more, operating in series, often with unit retention times of only a fraction of a minute.The empirical factors used by engineers presumably account for other than tested feed conditions, inefficiencies in large continuous machines, inevitable day-to-day circuit disruptions, gradual equipment deterioration and any other safety factor the engineer feels compelled to incorporate. An understanding of RTD concepts and techniques should help the practicing mineral engineer to develop more soundly based factors. Thi s paper relates the experiences of Brunswick Mining in using RTD techniques in the unit operations of flot ation and mixing"

Jan 1, 1988

By J. E. Nesset

"This paper discusses the importance of considering residence time distribution (RTD) in the design of flotation and mixing circuits and in the analysis of operating problems. The experiences and successes of Brunswick Mining in this area are covered and include: the development of a practical RTD measurement technique using pulp conductivity, baffle installation to improve the RTD of existing process equipment, and the method in which RTD considerations have been used to design the newest flotation and conditioning operations. IntroductionThe use of residence time distributions (RTDs) in the design and analysis of unit operations is well understood by the chemical engineering profession in while mineral processing engineers have tended to rely on empirical and rule-of-thumb factors. For example, in scale up from laboratory and pilot test results to full size flotation plant design, empirical rule s are often used to establish residence time and number of cells in the bank. Coleman suggests a factor of at least 2, and up to 5 for gold ores, be applied to laboratory determined flotation times. This is further illustrated in Table I, taken from Denver equipment.The number of cells in series to achieve the required retention time while minimizing short-circuiting has generated a variety of conclusions (Table 2). Obviously there is less than complete agreement on the subject. Young notes that a clear difference of opinion has emerged and cites as extremes, (i) the publications of Outokumpum showing unimpaired recovery for its largest machines (38 m3) compared to equivalent retention times for numerous smaller machines, and (ii) the experiences of Eastern European countries where the practice is to install banks of 30 unit s or more, operating in series, often with unit retention times of only a fraction of a minute.The empirical factors used by engineers presumably account for other than tested feed conditions, inefficiencies in large continuous machines, inevitable day-to-day circuit disruptions, gradual equipment deterioration and any other safety factor the engineer feels compelled to incorporate. An understanding of RTD concepts and techniques should help the practicing mineral engineer to develop more soundly based factors. This paper relates the experiences of Brunswick Mining in using RTD techniques in the unit operations of flotation and mixing."

Jan 1, 1988

By George R. Elliott

Introduction The pages that follow present a brief chronological survey of views which have been held, and of legislation enacted, for the regulation of the natural gas and oil industry in the Turner Valley field, especially as regards conservation of the natural gas. To provide a necessary background for an adequate understanding of the progress of events in western Canada, there is included also a compilation, from technical and legal authorities, of some of the more important measures which have been adopted for the regulation of the oil and gas fields of the United States, where these measures have had, or are likely to have, a bearing on the course of our domestic industry. Owing to exigencies of space, it has been possible to refer only to the most outstanding proposals and legislation, and to these in the briefest possible form. Although, so far as Canada is concerned, the data presented are restricted almost entirely to the Turner Valley field, it is the hope of the writer that the paper may prove of value for purposes of reference: for any similar gas and oil fields discovered in western Canada will certainly revive and intensify the problem of the proper steps to be taken for the conservation of the gas. Definition of 'Conservation The term conservation has been so misunderstood and misrepresented that, to many persons in Alberta, it means little more than closing-in wells. In the light of the definition of Charles E. Hughes, that 'True conservation of a raw material is its economical use', the subject of natural gas conservation is inseparably involved with the study of the function of the -gas and with the development of the principles of unit operation.

Jan 1, 1934

By H. W. Wevers

Fatigue failure and accompanying brittle failure occurs frequently in heavy mining equipment. This paper discusses how fracture mechanics can be applied as a tool for crack control and crack management. Information is provided to determine if particular components are prone to brittle failure. By using existing fracture mechanics formulae, an estimation of the critical crack size can then be made. It is explained that for a successful application of fracture mechanics, both the actual engineering stress in the component and the mechanical properties of the applied material must be known. The importance of toughness at low temperatures is quantitatively illustrated by calculating critical crack sizes at room temperature and at below-zero temperatures. Understanding the possibilities of fracture mechanics will also produce a climate in which the purchaser of equipment can more precisely analyze the relative quality of components with respect to crack tolerance and failure prevention. In this manner, communication between the user and manufacturer of equipment may also become more precise and effective, leading to improved design.

Jan 1, 1977

By A. Brown

"The first printed report on Canada's coal resources was published in Paris in 1672(1. Written by Nicholas Denys, then Governor for France of Isle Royale (Cape Breton Island), the report dealt exclusively with the coal of the Atlantic region because little or nothing was known about the interior of North America. Clearly, also, he wrote about a resource of which much was known among the military and early settlers of that day. This early knowledge is not surprising because the presence of coal is clearly displayed in the coastal cliffs of Cape Breton as it was also, at a later date, to the first arrivals on Vancouver Island.An example of early use was that of the French garrison at Fort Louisburg in the first half of the 1700s. Still earlier, in 1643, Governor Winthrop of New England reported the receipt of a small ship load of coal from New Brunswick (2). Despite this early knowledge there was no significant development of coal mines until the 1800s. This had to await the ending of wars between the French and British factions and the growth of population. Basically, also, its development awaited the beginning of the Industrial Age. Organized coal mining began in Canada in 1825 with the formation of the General Mining Association. This British firm was the creation of a group of London jewellers which had been granted royal rights, by the British crown, to all minerals in Acadia (substantially the present Maritime Provinces). The Association took over a number of existing small mines and opened up larger operations in the Sydney coal field. Subsequently, it expanded to the mainland Nova Scotia fields at Stellarton and Springhill. The Association continued in existence as the major coal producer in Canada until 1899 when it sold its properties to the Nova Scotia Steel and Coal Company, Limited (3). This Montreal-based firm managed the coal mines as a major Canadian producer of coal until 1968 when financial problems led to the expropriation of the mines by the Government of Canada. The federal government established the Cape Breton Development Corporation to operate the larger mines on Cape Breton Island. This Crown corporation continues to be a .major producer of coal in Canada."

Jan 1, 1985

By C. R. Julian

MECHANIZATION During the last fifteen years, numerous attempts have been made to mechanize the operations of loading ore and placing till. It is to be regretted that, to date, little progress has been made in this direction. The comparative efficiency of manual labour in Spain is the factor largely responsible for the failure to cheapen costs by mechanization. The necessity for careful classification of the ore and the need for keeping all openings small also makes the problem one of difficulty. It may be of interest to describe the various attempts at mechanization that have so far been made. CONVEYORS: (1) When stoping by layout III in San Dionisio, a trial was made of transporting the filling by jigging conveyors. This method proved un-economical, as the wall building and spreading of the till could not keep pace with the delivery, with the result that the machinery was idle a great part of the shift. (2) The transport of ore from the working places to the ore-passes by jigging conveyors and belts was also tried. Although more successful than in the case of the fill, the method could not compete with that of hand tramming, principally due to the high cost of (a) maintenance caused by the abrasiveness of pyrites, and (b) labour constantly employed on re-aligning the conveyors owing to the constant settlement of the floor. In a few cases, where a sill floor was being blocked out in virgin ground, the method showed a saving. SCRAPERS: Frequent attempts at loading by scrapers have been made, but again the only success obtained has been in the blocking-out of sill floors. The principal obstacle to the successful application of scraping, other than on the sill floor, has been that the openings, which have to be small, call for a light scraper outfit, whereas, in practice, a heavy scraper and at least a 25 h.p. winch are necessary for handling satisfactorily the ore, which is heavy and which breaks somewhat blockily.

Jan 1, 1940

By A. E. M. Warner, A. Vahed, P. J. Mackey

"Since early 2015, the price of nickel has dropped from the region of US$6/pound to current levels of around US$4.60/pound (March 2017), reflecting several market factors, but principally due to lower demand from China. Under such conditions, nickel companies have been under pressure to contain operating costs. In addition, labor and energy costs will continue to rise, while nickel ore grades will likely continue to drop. All major companies now accept the need for climate change action and consequently efforts are being made towards lowering carbon-based emissions. Nevertheless, meeting these challenges can also contribute to higher operating costs without parallel innovative developments - which at the same time, under current conditions, major companies are tending to curtail. In this paper, several productivity improvement opportunities to reduce unit operating costs at nickel sulphide and nickel laterite plants are reviewed. Opportunities include: (a) process technology and energy-type selection, production capability, optimization of process intensity and implementation of newer technologies; (b) improved productivity, equipment availability including maintenance best practice; (c) energy savings and recovery opportunities and use of energy surveys and, (d) process modeling and improved scheduling. Such improvements along with an uptick seen in nickel demand going forward should better position the world nickel industry.INTRODUCTION Nickel is an essential metal to modern society, primarily through its use as an important ingredient in stainless steel. Thus, stainless steel finds vital applications in food preparation facilities, as well as important uses in transportation and industrial applications. Canada has always played an important role in nickel production and nickel metallurgy. In the 1940s and 1950s, Canada supplied over 90% of the world’s nickel. However, this proportion has declined considerably to around 10% of the world nickel supply today. Still, Canada remains an important nickel supplier and contributor to nickel extractive technology. Due to the importance of nickel to society, nickel demand is expected to continually rise. On the other hand, nickel companies have been under pressure to contain production costs amid languishing nickel prices. While demand projections show nickel growth, there are uncertainties in actual levels of future market growth. Ore grades are dropping, while labour and energy costs, which are key cost contributors are rising, hence efforts to lower production costs will generally require innovative approaches."

Jan 1, 2017

By H. Marquis

The present paper consists of a survey of the literature on the problems of abrasion and wear of metals and materials by suspended matter. This problem is a very general one in industry, and is especially notice-able in the operation of cyclones and other types of dust collectors. The problem of abrasive dust in corrosive gas environments, such as commonly encountered in metallurgical industries, is particularly severe. Very little work has been done in the study of this type of abrasive wear, especially at high temperatures. However, a general review is presented here of all the work published on related subjects, such as that involving sand erosion in turbines and water wheels and the effect of temperature on friction wear. Topics in this paper include: blasting wear by sand, quartz, limestone, silicon carbide and other refractory particles; methods of investigation; effects of velocity, temperature and *Canadian Armament Research and Development Establishment, Valcarter, P.Q. angle of attack; correlation between indentation hardness, scratch hard-ness and resistance to abrasion; the effect of protective coatings; resistance of various metals; etc.

Jan 1, 1962

By W. M. Armstrong

This paper compares research on development efforts in various countries, consideration being given to gross expenditures, manpower involved, source of funds, sector of performance and type of activity. The Canadian R & D activity is then reviewed, particularly as applied to the industrial sector, the problems of applied research in Canada are discussed and some remedies are suggested.

Jan 1, 1968

By Lawrence Devon Smith

"The concept of risk is well established in the mining industry. It is acknowledged when estimates of reserves are expressed as proven or probable, when mining and metallurgical recoveries are applied to the ore, and when contingencies are added to costs. However, it is difficult to provide a quantitative assessment of risk. The significant sources of risk in a mineral project and how these are addressed in project evaluations are discussed. The discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk.IntroductionThis paper examines the components of the discounted cash flow discount rate and proposes a method of estimating project-specific discount rates. The motivation for this work comes from experience of project evaluations in which owners and purchasers had agreed on virtually every aspect of the evaluation except how much the project was worth. Agreement was reached on reserves, grad~, recovery, capital costs, operating costs, taxes, and, by combining these components, even on the fmal cash flow values. The only difference in opinion concerned the discount rate to be used in the calculation of the net present value. Depending on the life of the project, such differences of opinion can cause a variation of more than 50% in the value placed on a project! This is illustrated in Figure 1."

Jan 1, 2003