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By Ross D. Lawrence

"Comparable transaction analysis is the best known of the market approaches to valuation of exploration-stage mineral properties. The analysis of option and farm-in agreements can also provide useful guidance to valuators. While such approaches can be distorted by incomplete analysis, market-based methods are capable of providing consistent, credible results when carried out carefully with due consideration paid to all factors which buyers and sellers consider when dealing in the real market.RÉSUMÉRoss D. Lawrence graduated from the University of Toronto with a B.A.Sc. (Applied Geology-1956) and an M.Comm. (Mining Finance-1959). As a student and following graduation, he worked across Canada on a variety of mineral exploration projects.In 1962, he was one of the founders of Watts, Griffis and McOuat, and has practiced as consulting engineer since then. For the past 20 years, Mr. Lawrence has headed up the WGM valuation practice, responsible for a group of professionals which has carried out scores of valuations of mineral properties and mining companies. He is a Certified Minerals Appraiser of the AIMA and an active participant in professional affairs.INTRODUCTIONMineral properties without defined resources present one of the most challenging tasks to the mineral valuator. You will hear from others at this conference about the use of cost and income approaches to the problem of valuing exploration properties. This paper will concentrate on market-based approaches. Market based-approaches are based on the principle of substitution and include such techniques as:??Comparable transaction analysis (sometimes referred to as sales comparison analysis).??Farm-in commitment analysis??Rules of thumbAre there any valuation standards available to assist the valuator? In Canada there are none that apply to the valuation of mineral assets or securities. This problem is being addressed, at least in part, by the CIMVal committee of the Canadian Institute of Mining, Metallurgy & Petroleum (CIM)1. Further, the recently established Canadian Association of Mineral Valuators will be giving consideration to the adoption of valuation standards."

Jan 1, 2003

By M. J. Collins

The Advocate Mines Limited asbestos property is 6 km north of Baie Ve rte on the northeast coast of Newfoundland. Mining began in the early 1960s and was concluded in 1981. The chrysotile asbestos deposit lies at the north end of the Baie Verte Lineament, the interface between a closing ocean floor and continental margin. Asbestos occurs within ultramafic rocks of abducted ophiolite massifs that were thrust westward against Fleur-de-Lys Supergroup metasediments (continental rise sediments) in the Lower to Middle Ordovician. The asbestos-bearing ultramafics belong to the Central Ultrabasic Sequence of the Advocate Complex. Serpentinized peridotite of this sequence has a 'waste cap' core that grades outward to increasingly sheared rock. Asbestos is found mainly in a northtrending, basin-shaped zone surrounding the core, specifically within fractured serpentinized peridotite that abuts the sheared rock. Asbestos appears as stockworks of chrysotile cross fibre veins and is concentrated between brown, narrow brucitic dunite dykes and sills. Shear contacts commonly surround the ultrabasic body. Cross faults and complex Jointing also exist. The Advocate Mines Limited mill produced 65,000 tonnes of Group IV fibres and 1 l , 000 tonnes of Group VJ fibres annually. The bagged product enjoyed markets worldwide.

Jan 1, 1984

By W M. Cameron

Geophysical studies have extended seaward in recent years, and the important discoveries which have been made have led to a better understanding of geological processes. A present source of certain minerals, the sea will eventually serve as an important source of desalinated water. The continental helves, in particular, represent a potential mineral resource. The expansion of Canadian oceanographic effort that is now underway will eventually lead to the exploitation of the wealth beneath the sea. THE subject of this symposium, which emphasizes the word "geophysics," the specialties of the speakers who are contributing and the nature of the audience at first made me believe that I, a a physical oceanographer, would be out of place. However, I shall undertake to classify myself as a geophysicist, and shall arrange my remarks on my specialty o that they might be of interest to those of you who are predominantly geologists, metallurgists or mining engineers.

Jan 1, 1963

By John A. Meech, Irene E. Cristoveanu

"The separation of hematite fines (100% - 38 um) from quartz fines (100% -75 um) was investigated using coarse hematite (-212 + 150 um) as a carrier in an oleic acid collector system. Oleic acid additions, per cent coarse additions, combined conditioning time and ferric chloride additions were examined.It was found that carrier flotation is a dominant mechanism for fine hematite recovery at oleic acid levels greater than 200 g/t and coarse additions of 10 per cent. Hetero-aggregation is favoured under conditions of lower levels of oleic acid in the presence of ferric chloride and at conditioning times greater than ten minutes.Ferric chloride acts as a depressant for pre-reagentized coarse hematite at oleic acid levels below 150 g/t. At concentration levels above 500 g/t, ferric chloride interferes significantly with the success of carrier flotation of fine hematite.The sensitivity of carrier flotation to changes in oleic acid addition, ratios of fine and coarse material, conditioning time and the presence of an inorganic electrolyte emphasizes that its application is only suitable when flotation conditions can be stabilized.IntroductionThe production of fine material is unavoidable during the comminution of iron ore . Due to the difficulty of recovering iron from this fine material by various gravity separation methods, flotation can often be a more attractive process producing high-grade material at high recovery. One variation of the flotation process, that can be useful for recovering ultra fine minerals (<10 um) , is known as carrier flotation. This process involves the utilizat ion of coarse particles ( > 150 p.m) which act as flocculation centres to which the fine hematite particles (10 - 40 u.m) become attached and are carried or "" piggy-backed"" into the froth phase."

Jan 1, 1985

By Royston Colbourne

Objectives Of Presentation - Identify specific risks - A fresh look at risk - Provide a moment reflection on risk - Open discussion on risk A route to solution and advanced thinking.

May 1, 2010

By Pierre Choquet

"The whole work carried out both in situ and in laboratory by a research group of the West German collieries is presented. This work has led to a design method of steel arch supports for gate roadways that gives full satisfaction in this particular coalfield. The method accounts for mining depth, the mining system (advancing or retreating), thickness of the coal seam and other parameters.Full statistics are then given on gate roadway supports of the ECCS (European Community for Coal and Steel) coalfields. They were collected by the author in order to show that the West German method can be applied to other coalfields as the long wall systems which are generally being used are very similar. Design calculations are conducted for each coalfield&apos;s case. They show that the method would have been able to predict in most cases the support actually used.Utilization of the design method is recommended to the Cape Breton Development Corporation &apos;s mine operators because mining conditions, even though different from European ones, present a number of similarities which make it possible to apply the design method to their particular case.This procedure might be profitable in mines facing support problems in their levels and for any planning of future projects"

Jan 1, 1986

By R. G. Gillies, C. A. Shook, W. H. W. Husband

"The current state of knowledge concerning pipeline transport of coal in water slurry form is summarized for the four categories: coal-water fuels, conventional fine coal slurries, coarse coals and stabilized mixtures of coarse and fine particles. Surface chemistry is of dominant importance for coal-water fuels and considerable progress in understanding the role of surfactants has been achieved in recent years. Little generalized research on the flow of conventional fine coal slurries has been done in the past 17years, although innumerable conceptual designs and feasibility studies have been undertaken. Coarse coal slurries are fairly well understood but the model which explains their flow requires more data to be established fully. Stabilized flow mixtures should probably obey the same model as coarse coal slurries but experimental results for stabilized mixtures have not yet been incorporated in a comprehensive theory.IntroductionPipeline transportation of coal in a water vehicle has been employed for many years in coal washeries. It has been used less frequently in hydraulic mining and thermal power station fuel supply systems. The suitability of coal for pipeline transport arises from its moderate specific gravity relative to the carrier fluid and the fact that throughputs are often large and steady over long periods of time."

Jan 1, 1990

By C. V. Deutsch, O. Babak, J. G. Manchuk

High levels of geological heterogeneity occurring over relatively short distances pose a challenge to the unconventional open-pit techniques used in oil sands mining. There is strong motivation to mine selectively and minimize dilution and loss; however, the large equipment and high mining rate used to meet production targets tend to reduce selectivity. A numerical model is developed to account for geological complexity, mining equipment, regulatory criteria, and other operational parameters. This framework is used for more accurate forecasts, optimization of equipment, and other operational decisions. An example demonstrates the approach in light of Alberta Energy Regulator criteria.

Jan 1, 2014

By A. Supomo, H. Resendiz, C. Burbidge

"Freeport-McMoRan Inc. (FMI) commissioned the expansion of the Morenci Metcalf concentrator in 2014. The concentrator included many design and equipment innovations, including the first-of-its-kind Metso Hydraulic Roll Crusher (HRC), variable speed ball mills and variable speed crushers. In addition to the innovative design, FMI commissioned the Metso APC team to design a realistic process simulator and the plant APC. The process simulator was utilized to train operators before commissioning, which led to a smoother plant start up. The plant APC utilized the concept of dynamic constraint control, which controls the feed to the primary ball mills by “pulling” the tons from crushed rock storage bins, which then automatically are filled by the upstream HRC and secondary crushing circuits. The primary ball-mill control also adjusts the water addition to the cyclone clusters to avoid overload and achieve sufficient grind size. The constraints include in-circuit constraints for feeder capacity, screen-deck capacity, ball mill power, cyclone mass flow, pump capacity and pump motor capacity. The APC system was implemented shortly after the start of commissioning and immediately demonstrated increased throughput and an ability to highlight and quantify process constraints and bottlenecks. The following paper outlines the control strategy, discusses system implementation, results and challenges.INTRODUCTION The FMI Metcalf Concentrator is located in Morenci Arizona on the site of the old original Concentrator. The new Metcalf concentrator started operation in May of 2014. This plant was designed for an average of 63,500 tpd (70,000 stpd), increasing the total Morenci concentrator complex production to a nominal 113,400 tpd (125,000 stpd). The process flow diagram is shown below in Figure 1.The process consists of primary crushing feeding a coarse ore stockpile followed by secondary crushing operating in closed circuit with vibrating screen decks. The screen undersize feeds the first of its kind Metso hydraulic roll crusher (HRC) operating in a closed circuit with vibrating screens. The primary crusher is a Metso 60x110 gyratory crusher. Secondary crushers are Metso MP1250 Crushers with variable speed drives. Secondary crusher discharge is recycled to the dry screen feed bin and screened with oversize returning to secondary crushing and undersize feeding the Metso HRC3000. The product from the 3.0 meter X 2.0 meter roll crusher is wet screened with the undersize feeding the grinding circuit, which is comprised of two each 24-foot diameter by 40- foot-long variable speed ball mills running in parallel with each in closed circuit with a cyclone bank of 12 cyclones. The wet screen oversize is recycled to the HRC feed bin."

Jan 1, 2019

By P. C. Benedict

Introduction and Summary The Northern Empire mine is a mile east of Beardmore, and 100 miles northeast of Port Arthur, district of Thunder Bay, Ontario. Production started in March, 1934, and terminated in September, 1941. During this period, the mill treated 425,866 tons of ore, from which 153,103 ounces of gold were recovered. The lowest level from which ore was mined was the 1900, but considerable drifting was performed on the 2075 level and 800 feet on the 2415, the deepest level. The following description of the geology of the mine is recorded by the senior author but is based on the observations and complementary mapping of both authors. The vein strikes about N.72°E. and has an average dip of 80°S. (Figure 1). In stoped sections, the quartz averaged about two feet wide. On the 1725 level it was drifted on continuously for more than 7,000 feet, but in the mine as a whole practically no commercial ore was found beyond points 1,400 feet west and 1,800 feet east of the shaft. Conspicuous wall-rock alteration extended throughout this section but not much beyond its limits. There was some splitting of the vein and widening of the alteration halo on the lower levels. The average general colour of the quartz changes with depth. It may be generalized, from top to bottom, as light grey to dark grey to brownish. The brownish quartz first appeared near the bottom of the ore.

Jan 1, 1947

By R. H. Keyes Duval

"The one point left off the table was pumping costs, i.e. the cost of pumping to the cyclones.At East Malartic 5 x 5 S R L pumps that had been used to pump the classifier overflow were used to pump the rod and ball mill discharges to the cyclones. Maintenance costs on the pumps rose from $105 in 6 months to $1000 per month. The pumps had to be operated at 1150 rpm and impellers lasted only 5 to 6 days. These pumps were replaced by 6 x 6 S R. L. pumps operating at 825 rpm, but at this speed the coarser sands settled and plugged the pipe lines and the speed was increased to 925 rpm. The maintenance cost is now $100 per m::rnth which is 0 003 cents per ton milled. The impellers now last 1 month and the casing linings 6 months.Density meters are often used on cyclone overflows and sometimes on the cyclone feed. Haliburton weighted tube density meters are used in some plants. They are cheaper than the radioactive density controller, $2500 as compared to $ 6000The angle of the discharge spray from the apex can be used to judge the quality of perform1nce of a cyclone.For ordinary metallurgical applications the inside slope of the cyclone is not too important but for fine separation steeper slopes are used.The cyclone is a versatile tool and will handle considerable variations in feed tonnage - probably up to 15%. Above this variation the number of cyclones used has to be increased or decreased or the tonnage fed to them has to be adjusted"

Jan 1, 1965

By C. E. McCoy

This paper will discuss briefly loader shovel requirements and then present a detailed survey of electrical drive systems to meet these requirements. The survey in general will deal with the various electrical provisions for shovel drives, along with the advantages and disadvantages, and in particular will discuss the MG set and static D. C. drive systems. Also included will be some insight into the requirements for optimum electrical power at the shovels.

Jan 1, 1979

By A. M. Esteves

This paper offers an overview of local content policies and practice in the mining sector. Specifically, the paper aims to answer the question of how national and regional governments, industry and civil society can work together to seek an optimal outcome while pursuing their diverse objectives. The paper begins by defining local content and its scope at the subnational level. Specific recommendations for the design of local content policies to mitigate social, economic and governance risks are developed. The document then offers some recommendations regarding the role of partners in design, implementation, monitoring, and enforcement of local content policies.

Aug 1, 2013

By Roger Francis

There is increasing use of acid leach extraction methods at elevated temperatures and pressures by the mining industry. In many locations there are limited supplies of fresh water, and waters with higher chloride contents must be used, making conditions more corrosive. The fluids downstream of the main autoclave are hot, acidic, oxidizing and contain chlorides and present a challenge to the mining community to ensure reliable operation. Zeron 100 is a high strength superduplex stainless stee, that offers high corrosion resistance at a cost effective price. The paper presents a combination of laboratory data and service experience, particularly in the aggressive fluids found in downstream processing.

Jan 1, 2010

"This paper deals with the reconciliation of open stope performance at Olympic Dam, South Australia, with a focus on stope stability, recovery, and operational aspects of stope reconciliation in relation to the expected or planned stope design. The observed stope performance is inconsistent with the equivalent linear overbreak sloughing criteria for assessing the performance of large open stopes. The aim is to investigate new stope performance criteria using quantitative (overbreak, underbreak, maximum depth of wall failure) and qualitative (stope productivity, observed fragmentation) information that correlates with the observed stope behaviour, providing a process for improving future stope designs.RÉSUMÉ Le présent article traite de la réconciliation de la performance des chambres ouvertes à Olympic Dam, Australie du Sud, en ciblant la stabilité des chambres, la récupération et les aspects opérationnels de la réconciliation des chambres par rapport à la conception attendue ou planifiée des chambres. La performance observée des chambres ne concorde pas avec les critères d’épaisseur équivalente du bris hors profil pour évaluer la performance de grandes chambres ouvertes. L’objectif est d’étudier de nouveaux critères de performance des chambres au moyen de données quantitatives (rupture hors profil, rupture à l’intérieur du profil planifié, profondeur maximale d’effondrement du mur) et qualitatives (productivité de la chambre, fragmentation observée) qui concordent avec le comportement observé des chambres, fournissant ainsi un processus pour améliorer les futures conceptions des chambres."

Jan 1, 2015

By V. C. Wittchen, T. R. Yu, J. E. Croxall

"The consolidated rockfill at Kidd Creek Mines is a weakly cemented, minus 15 cm aggregate which posed problems for conventional drill/blast drifting methods. Consequently, lateral access to mineable ore adjacent to backfilled areas was gained by drifting around the fill in shattered rock.In mid-1987, Kidd Creek Mines began to investigate means of mechanically excavating drifts in backfill . The results of this investigation led to a trial program using a Dosco MK-2A Roadheader to excavate the required drifts in backfill.The roadheader was tested at Kidd Creek Mines from July to November 1988, in 28-735 X /C to be used as the top access for drilling and blasting 32-74/ ST. During this period, the roadheader excavated 54 m of a 4.3 m by 3. 7 m arched drift in backfill. Cutting rates over the period averaged 0.8 m/cutting hour as projected with a daily high of 2.0 m/cutting hour.Wood-lagged 2-piece steel arches on 1.2 m centres were chosen as ground support for the trial. Shotcrete will be tested in a roadheader drive for its potential to improve productivity by replacing the steel arches.The trial program included evaluations of point-attack picks, two sizes of cutter motor, 20 MPa (3000 psi) water-assisted cutting, cuttings-removal systems, and environmental control devices."

Jan 1, 1990

By D. G. Macintyre

"Potentially economic stratiform barite-sulphide deposits have recently been discovered in Devonian basinal facies rocks of the Kechika Trough of northeast British Columbia. This new mineral district is over 180 kilometres long and includes nine major occurrences, namely Driftpile Creek, Bear, Mount Alcock, Cirque, Fluke, Pie, Elf, Kwadacha and Sika. The Cirque is the largest known deposit, with reserves of atleast 30 million tonnes averaging 10per cent combined lead-zinc and 47 grams per tonne silver. The footwall rocks for the Cirque and other strati/rom barite-sulphide deposits in the area are rhythmically bedded baritic and pyritic carbonaceous black shales, siliceous argillites and cherts of probable Mid to Late Devonian age. These siliceous rocks overlie a succession of proximal to distal turbidites which are the basinal equivalent of Early to Mid Devonian carbonate reefs to the east. The siliceous facies is overlain by deeper-water black shales of probable Late Devonian to Mississippian age.Preliminary stratigraphic and sedimentological investigations suggest that the strati/arm massive pyrite and bedded barite deposits formed in third-order euxinic basins within a northwest-trending structurally controlled trough which, in the southern part of the district, was bounded by carbonate reefs. The exhalative event, which appears to have been accompanied by synsedimentary faulting, took place during the early stages of a major eastward-directed marine transgression that was probably related to rapid crustal subsidence. Dewatering of metal-enriched shales and subsequent brine discharge along fault zones within the trough, with the exhaled brines accumulating in seafloor depressions, is the mechanism envisaged for formation of the deposits. Convective circulation systems may have been established about the more deep-seated faults, in response to elevated heat flow levels."

Jan 1, 1982

By Kurt Tischler

This paper presents the field experience of Siemens with regard to Gearless Drives in the mining industry ? We consider the elapsed production hours of Siemens Gearless Drives to be extensive enough to provide a reliable estimation of availability calculated on the basis of data representing repair time, downtime, and operating time. The users of Siemens Gearless Drives confirm an availability of more than 98% after exclusion of some major issues. The paper addresses all of these major issues of Siemens Gearless Drives, describes successfully applied corrective measures, explains the influences on the design of the drives, and lists the downtimes associated with each of these issues.

Jan 1, 2012

By David A. Fawcett

"This paper presents a summary compilation of current Canadian coal research projects in the areas of exploration, mining and preparation. The compilation forms the basis for a review of present operations and technology, and of current research efforts. General research areas, requirements and priorities are suggested along with a discussion on achieving the research goals in terms of funds, facilities and staff. The current level of research funding in these areas is assessed. IntroductionCanada&apos;s coal production is expected to undergo major expansion over the next two decades in response to domestic demands on coal for electrical power generation, industrial uses and conversion to synthetic .fuels, and in response to export demands for both thermal and metallurgical coal s. Surface mining will continue to dominate, but underground mining will contribute an increasing proportion to total production.In Canada, coal research, particularly in the areas of exploration, mining and preparation (E, M & P), has been limited. Increased impetus has recently been given to this research with expansion of CANMET&apos;s activities and with the establishment of the Coal Mining Research Centre (CMRC). University researchers are branching into coal research; strata mechanics and preparation are popular in mining-related fields.With the increase in number of organizations and individuals involved in coal research, a means of keeping abreast of the ongoing work is necessary. An annual summary of the status of and developments in current research assists in providing this information. The CMRC prepared such a summary for Canadian coal E, M & P research in 1979 and it received favourable response, justifying the effort. A 1980compilation has been prepared and pro vides the basis for this paper; it is presented with a brief discussion on background, format and content.The compilation forms a basis for an examination of the current status of Canadian technology in E, M & P and of the ongoing research in each area. General research requirements are reviewed and programs and tasks are suggested, followed by a discussion of research goals in term s of priorities and achievement. An assessment is made of the level of research funding in Canada, with comparisons drawn from the United States, the United Kingdom and Australia."

Jan 1, 1980

By Daniel Cluff

Frozen backfill for mining operations in permafrost must be delivered in such a state so as not to thermally impose on the host rock surrounding the filled stope. The placement process, the material strength demand, and the freezing time delay are the parameters that control the applicability of the method. A two-year research program was carried out in the field and using a laboratory-scale apparatus, designed to simulate a pour of frozen backfill, to study the mixing, thermal properties and segregation. The frozen rock and tailings must be at a below zero temperature and get fully wetted so the surfaces cause adherence of the particles to one another and enhance the solidification of the poured backfill. The results provided a recipe and a process for mix design for open stoping operations in cold regions. The testing evaluated the sensitivity of the test parameters that included the amount of water added in the mix, the temperare of water, the rockfill/tailings ratio, and the temperature of solid constituents.The paper presents the result of this environmentally friendly, innovative technology. The distribution of the materials and the mixing process are instrumental in achieving the properties required for open stoping applications.

Oct 1, 2010