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By M. R. Dion, K. Frenette, R. K. Jonas, S. Simard, F. Robichaud

"In 2011, a site study indicated that the application of Honeywell’s Multivariable Predictive Control Technology (MPC) to the Goldex processing facility would provide significant opportunities for improvement. Grinding MPC was implemented in the SAG Mill in June 2015. This pilot application, called Phase 1, featured one of the first Multivariable Predictive Controllers to be installed in a Canadian mineral processing plant. Since the implementation of MPC, gold recovery from the gravity circuit has increased. MPC contributed to a decrease in flotation feed particle size (120 to 112 µm) and an increase in the SAG feed tonnage (8.5% increase). MPC also increased and stabilized the % solids of the SAG feed, which can have an impact on cost reduction (mechanical maintenance). Additionally, MPC increased productivity, providing grinding operators with more time to perform other tasks. Further anticipated benefits include the standardization of the grinding circuit operation from one team to the next, thereby minimizing circuit disturbances resulting from different operating philosophies. This paper will discuss the advanced control project development and justification, the technology and rapid implementation process, the performance results and the benefits obtained.IntroductionGoldex is an underground mine located near Val-d’Or that is owned and operated by Agnico Eagle Mines Limited (AEM). Between 2008 and 2011, mining focused on the Goldex Extension Zone (GEZ). In 2011, the project was halted due to geotechnical problems; operations ceased until late 2013. Goldex operations resumed in September 2013 with the M and E zones, for which there were 0.7M gold ounces of proven and probable reserves, 2.1M ounces of measured and indicated resources and 1.2M ounces of inferred resources, totalizing 4M ounces. Life expectancy was extended until 2024."

Jan 1, 2017

By Stephen P. Quin

One of the most prospective undeveloped greenstone belts in Canada, the Hope Bay greenstone belt extends over 80km in a north-south direction and is between 7 and 20km wide. The belt lies on the arctic coast and comprises mafic meta-volcanic and meta-sedimentary rocks that are bounded by Archean granite intrusives and gneisses. The greenstone package has been deformed during multiple events and is transected by major northsouth trending shear zones that appear to exert a significant control on the localization of mineralization. The Hope Bay belt contains a number of significant gold deposits hosted in a typical Archean greenstone belt and which occur in several geologic settings, including shear-hosted, lode-style and breccia-associated. Combined, the deposits host a measured and indicated resource of 1.6 million oz of gold averaging 15.7 g/t plus an inferred resource of 2.7 million oz of gold averaging 12.3 g/t. All deposits remain open to expansion. Exploration in the period 2000-2002 by Miramar includes more than 110,000m of drilling to more fully define the nature of the known deposits, while regional exploration has focused on identifying and evaluating new targets. In carrying out its programs, Miramar uses a number of techniques to improve its chances of exploration success. Activity in 2003 includes 43,000m of drilling focused on expanding resources in the Madrid area, testing the Boston deposit at depth and continuing the hunt for more discoveries. Meanwhile Miramar is advancing one of the deposits towards a production decision, based on a low capital, high return development scenario.

May 1, 2003

By I. R. Muirhead, A. L. Craven

The trend in mining thermal coal is only to mine coal with the lowest sulphur content. In many coal seams, bands of coal with high sulphur content are often present, generally occurring either at the roof or floor level. Methods of selective mining are, therefore, necessary to recover only the low sulphur coal. This paper examines the methods currently in use in mines and the alternative methods that are able or have potential to offer control of shearers and continuous miners where greater thicknesses of coal have to be left in the roof and floor. These alternative methods rely on such characteristics as neutron gamma radiation; electromagnetic waves; vibration; infrared; infrared; optical; pick force; X-ray fluorescence; conductivity; gyroscopes and laser systems.

Jan 1, 2000

By L. Katgerman, R. Van Toi, H. E. A. Van den Akker

"Mould filling simulations are powerful tools for optimizing the characteristics of castings. The robustness of calculational methods for mould filling simulations is generally tested in simple geometries. While a vertical plate has been used often for validation studies, this paper aims at mould filling simulations of a horizontal thin wall casting. Such castings exhibit a strong interaction between heat transfer (solidification), surface tension and gravitational force.The results are presented of a study to validate numerical simulations of mould filling phenomena in a thin wall horizontal casting. Solidification during mould filling is studied computationally. Velocities are measured using Particle Image Velocimetry.INTRODUCTIONIn foundry practice Computational Fluid Dynamics (CFD) is being considered a promising tool to arrive at a better understanding of casting defects introduced during the mould filling period of a casting. The use of CFD is believed to be advantageous in predicting possible defect locations, pouring times, and the lowest possible casting temperature without the risk of cold shuts. In addition, CFD may be used to optimize pouring system geometries [1,2]. As opposed to experimental studies in, e.g., cold water models, CFD allows for the flexible modification of the casting geometry and the pouring system, and for the inclusion of physical effects such as solidification and heat transfer. Thus, a proper use of CFD may lead to a reduction of the casting rejection rate without expensive trial-and-error procedures, and to a decrease of production costs in foundries. Mould filling simulations take a special place in CFD, because a free surface tracking algorithm is required. Over the past decade methods, MAC [3] and SOLAVOF [4], have been extended to 3-D. The robustness of computational methods for mould filling simulations is generally tested in simple geometries [5,6]. While a vertical plate has been used often for validation studies, this paper concentrates at mould filling simulations of a horizontal thin wall casting. Thin wall horizontal castings exhibit a strong interaction between heat transfer (solidification), surfaces tension and gravitational force. The gravitational force in this setting is orthogonal to the plane of flow and has therefore no influence on the shape of the free surface in the plane of flow. Mould filling numerical methods and algorithms have been recently reviewed by Chen et al.[7]."

Jan 1, 1999

By D. Dolinar, T. P. Mucho

Horizontal stresses are caused by global plate-tectonic forces. During 1995 alone they were largely responsible for the closing of two longwall mines in the United States. This paper presents six case histories from Pennsylvania, West Virginia, Kentucky and Alabama. In each case, a mine encountered roof falls or difficult ground conditions at the headgate caused by horizontal-stress concentrations. The problems are detailed, and the control measures adopted are described. In most cases, nearby longwall panels without stress concentrations were trouble free. The paper also discusses detailed measurements that were made at two adjacent Pennsylvania longwalls. One headgate was oriented to avoid a horizontal-stress concentration, and the other was not. Eliminating the stress concentration dramatically reduced roof support loads and roof deformation. The paper concludes that proper panel orientation and sequence is the key to maintaining headgate ground control. The optimum orientation is not parallel to the maximum horizontal stress, as previously thought, but rather it is 20° in the stress shadow of the gob. Other stress-control techniques, including artificial support, are briefly discussed.

By Christopher Mark

Horizontal stresses are caused by global plate tectonic forces. During 1995 alone, they were largely responsible for closing two U.S. longwall mines. This paper presents six case histories from Pennsylvania, West Virginia, Kentucky, and Alabama. In each case history, a mine encountered roof falls or difficult ground conditions in the headgate, caused by horizontal stress concentrations. The problems are detailed, and the control measures adopted are described. In most cases, nearby longwall panels without stress concentrations were trouble-free. The paper also discusses detailed measurements made at two adjacent Pennsylvania longwalls. One headgate was oriented to avoid a horizontal stress concentration, and the other was not. Eliminating the stress concentration dramatically reduced roof support loads and roof deformation. The paper concludes that proper panel orientation and sequence is the key to maintaining headgate ground control. The optimum orientation is not parallel with the maximum horizontal stress, as previously thought, but rather 20° in the stress shadow of the gob. Other stress control techniques, including artificial support, are briefly discussed.

Jan 1, 1997

By D. Dolinar, T. P. Mucho

Horizontal stresses are caused by global platetectonic forces. During 1995 alone they were largely responsible for the closing of two longwall mines in the United States. This paper presents six case histories from Pennsylvania, West Virginia, Kentucky and Alabama. In each case, a mine encountered roof falls or difficult ground conditions at the headgate caused by horizontal-stress concentrations. The problems are detailed, and the control measures adopted are described. In most cases, nearby longwall panels without stress concentrations were trouble free. The paper also discusses detailed measurements that were made at two adjacent Pennsylvania longwalls. One headgate was oriented to avoid a horizontal-stress concentration, and the other was not. Eliminating the stress concentration dramatically reduced roof support loads and roof deformation. The paper concludes that proper panel orientation and sequence is the key to maintaining headgate ground control. The optimum orientation is not parallel to the maximum horizontal stress, as previously thought, but rather it is 20o in the stress shadow of the gob. Other stress-control techniques, including artificial support, are briefly discussed

Jan 1, 1999

By Thomas P. Mucho, Dennis Dolinar, Christopher Mark

Horizontal stresses are caused by global plate tectonic forces. During 1995 alone, they were largely responsible for closing two U.S. longwall mines. This paper presents six case histories from Pennsylvania. West Virginia, Kentucky and Alabama. In each case history, a mine encountered roof falls or difficult ground conditions in the headgate, caused by horizontal stress concentrations. The problems are detailed and the control measures adopted are described. In most cases, nearby longwall panels without stress concentrations were trouble-free. The paper also discusses detailed measurements made at two adjacent Pennsylvania longwalls. One headgate was oriented to avoid a horizontal stress concentration, and the other was not. Eliminating the stress concentration dramatically reduced roof support loads and roof deformation. The paper concludes that proper panel orientation and sequence is the key to maintaining headgate ground control. The optimum orientation is not parallel with the maximum horizontal stress, as previously thought but rather 200 in the stress shadow of the gob. Other stress control techniques, including artificial support, are briefly discussed.

Feb 24, 1997

By Karen Talbot, Noah Maier, Rob Jameson, Giuseppe Gaspari

A storage and drainage tunnel advancing below I-75 in Detroit, Michigan experienced sudden subsidence. The Tunnel Boring Machine (TBM) was damaged to the extent that its shield, cutting head and extensive interior components needed to be extracted and replaced along with several completed tunnel segments. The tunnel was 16 feet (4.9m) in diameter with crown over 79 feet (24m) deep at the time. The tunneling contractor immediately engaged their designers and specialty subcontractors to develop a scheme to access the machine and repair the tunnel. They required a shaft 99 feet (30m) deep, with unobstructed plan dimension of 50 feet (15m) to accommodate the large components that needed to be removed and replaced. This precluded the application of an internally braced excavation and instead earth support solutions focused on use of a compression ring. Since the completed tunnel section behind the TBM obstructed closure of the compression ring below its invert, this paper describes the innovative access shaft solution employed. A conventional compression ring was constructed using 5 feet (1.5m) diameter drilled shafts down to the tunnel crown. In front of, and to the sides of the tunnel heading, the secant shafts were extended to over 150 feet (46m) depth, creating a horseshoe of support extending 50 feet (15m) below the planned excavation invert. Larger diameter "King Pile" shafts were drilled immediately to either side of the tunnel, overlapped into each end of the secant "horseshoe". The king pile shafts, together with a heavily reinforced ring beam above the crown elevation, acted as a door frame to transfer hoop loads from the incomplete secant arc into reaction supports above and below the tunnel. These oversize king pile shafts were extended and socketed into rock over 70 feet (21m) below tunnel invert. Very tight installation tolerances were necessary to maintain secant shaft alignment to depths exceeding 150 feet (46m). The project operational, geotechnical, and quality data was managed and visualized using a custom GIS interface. This paper will present the design approach employed and review the construction and quality program selected to repair the tunnel.

Oct 1, 2022

By Albert F. Duzy

Recently there have been some problems associated with hot coal in shipments from the USA to overseas markets. This paper will serve several functions. First, a brief review is presented, together with a selective bibliography. Second, a thorough discussion of coal oxidation is covered. Third, potential effects of storage are presented and, lastly, methods are suggested for the safe storage and bulk transfer of coal. The scope includes coal storage for power plants.

Jan 1, 1983

By Axel Hultgren, B. Herrlander

THE original aim of the present investigation was to study the mechanism of cracking on hot-deforming red-short steels. During the microscopical examination of hot-deformed soft steels attention was directed to various patterns of so-called veining in the ferrite, as related to variations in the deformation procedure and the heat-treatment of the steels. Later, a hot-short steel of higher carbon content was also studied. Historical Storey1 suggested in 1914 that veining developed during the gamma-alpha transformation from the growing together of several alpha nuclei within the same gamma grain. Rawdon and Berglund2 found that in soft steel, forged somewhat below A3, the ferrite showed profuse veining, while usually there was very little veining after forging at very high temperatures. They emphasized the similarity between the pattern of veining formed by deformation about 600°C and that of slip lines formed by deformation at room temperature. They also suggested a relation between the gamma-alpha transformation and veining. They became convinced from etching and from the slip-line pattern in cold-deformed material, that the orientation within any ferrite grain showing veining was uniform. In recrystallized alpha grains veining was absent. Veining did not appear materially to affect the properties of ferrite. Independent of veining, continuous networks, attributed to preexisting delta and gamma grain boundaries were sometimes found, the former only in cast steel. Those networks were usually connected with small inclusions. Ammermann and Kornfeld3 confirmed that recrystallized ferrite grains showed no veining. In soft steel annealed between At and A3 there was veining only in the ferrite grains formed during cooling. Electrolytic iron deformed at 880° was free from veining. Bannister and Jones4 considered veining in ferrite to be a manifestation of microscopical and submicroscopical inclusions. Northcott,5,6 in studies on veining in steel and other metals and alloys, attributed veining to oxide inclusions. It could generally be removed by annealing in hydrogen, a suggestion earlier made by Rawdon and Berglund. Tritton (discussion in ref. 5) emphasized the importance of perfect polishing for bringing out veining by etching, and thought the veins or subboundaries were produced during the gamma-alpha transformation, when it was rapid, as a result of the volume change and contraction during cooling.

Jan 1, 1946

By Steven George Jansto

The hot ductility behavior of different microalloyed steel chemical compositions was examined simulating the thermal and strain conditions through the straightening or unbending section of the continuous casting machine. All samples were obtained from industrial slab casters ranging from 200 to 300 mm in slab thickness from steel mills throughout the world including China, Brazil, North America and Europe. The slabs were crack-free and hot rolled into prime quality products. No laboratory heats were tested. Although these microalloyed steels exhibit inherently lower hot ductility behavior, as measured by percent reduction in area at elevated temperature, these steels still exhibit sufficient ductility to satisfactorily meet the unbending stress and strain gradients existing in the straightening section of most casters. The majority of the published hot ductility data, as measured by % reduction in area (%RA), were based on laboratory heats and hence, are inaccurate in accessing the propensity for slab cracking on an industrial caster. This situation then results in invalid conclusions for different chemistries. This research has determined the minimum required %RA for crack-free casting is significantly lower than results based upon previously published laboratory generated data. For example, the literature quotes 40% RA minimum for Nb-bearing steels when in fact as low as 10% minimum RA is more than sufficient to assure crack-free casting based upon the extensive testing and analysis performed in this study. Instead of %RA, the measurement of strain energy has been introduced to evaluate hot ductility behavior. It is concluded that strain energy is a better measure of hot ductility behaviour than %RA. There is considerable value in the evaluation of the hot stress and strain curves, process metallurgy parameters and their relationship to slab quality instead of just basing hot ductility decisions on simple %RA measurements.

Aug 16, 2017

By Pedro Augusto David Machado

The hot metal produced in small blast furnaces runs with a highly heterogeneous charcoal. The result is a significantly higher hot metal chemical composition variation, especially for the silicon content, which varies from 0.4 to 1.5% in Mini Blast Furnaces - MBFs, designed to feed an EAF and/or a BOF. These MBFs operate with frequent variation in their productivities to feed preferably only one of the steelmaking reactors, that is, EAF or BOF. The hot metal suitable amount, chemical composition and temperature, to be delivered at the steelmaking vessel, become the major concerns in the integrated operation MBF to EAF or BOF. In order to cope with those undesirable frequent variations, a solution has been proposed based on the existing technologies of oxygen jets and ladle refining techniques adapted to a hot metal ladle or to a Torpedo Car. The proposed technique is not only able to adjust hot metal temperature and chemical composition, but it also generates the adequate conditions for refinement from P and S, as well as “cleaning” hot metal ladles and Torpedo Cars by melting pig iron skulls. Therefore, this new technique development results in high hot metal yield, an adequate chemical composition and bigger campaign of hot metal ladle.

Aug 17, 2017

By Liming Yuan, Wei Tang, RICHARD THOMAS, JOHN SOLES, DAVOOD BAHRAMI

Mine equipment fires remain as one of the most concerning safety issues in the mining industry, and most equipment fires were caused by hot surface ignitions. Detailed experimental investigations were conducted at the National Institute for Occupational Safety and Health’s (NIOSH) Pittsburgh Mining Research Division on hot surface ignition of liquid fuels under ventilation in a mining environment. Three types of metal surface materials (stainless steel, cast iron and carbon steel), three types of liquids (diesel fuel, hydraulic fluid and engine oil) and four air ventilation speeds (0, 0.5, 1.5 and 3 m/s) were used to study the hot surface ignition probability under these conditions. Visual observation and thermocouples attached on the metal surface were used to indicate the hot surface ignition from the measured temperatures. Results show that the type of metal has a noticeable effect on the hot surface ignition, while ventilation speed has a mixed influence on ignition. Different types of liquid fuels also show different ranges of ignition temperatures. Results from this work can be used to help understand equipment mine fires and develop mitigation strategies.

Oct 1, 2022

By P. Leo

The Al-Zn-Mg alloys (e.g. 7004, 7020) are employed for land transport and architectural applications whereas the Al-Zn-Mg-Cu alloys (e.g. 7075, 7050) provide the high strength aircraft alloys. The Cu gives rise to suitably sized and distributed precipitation but causes high quench sensitivity. Their hot work processing also has marked differences; the Cu-free alloys have good extrudability whereas the Cu-bearing alloys have low extrudability and are difficult in rolling as well. The behaviors of the two classes are described in terms of flow stresses and ductility over 300 - 500°C, along with constitutive contrasts. The ductility of the alloys with Cu is much reduced above 400°C by precipitation of a phase at the grain boundaries that can be avoided by suitable heating schedules. The high strength alloys are subject to de-lamination corrosion of sheared edges due to severely pancaked grains; this can be alleviated by holding between passes, in mid-rolling schedule. In torsion tests at 10-1 to 10 s-1/ 250 - 500°C, the stresses (ductilities) at 300°C/ 1s-1 and activation energy Q for 7004 were 118 MPa (2) and 262 kJ/mol. The 7075 was tested after several pretreatments: completely over-aged (softened): 107 MPa (5), Q=150 kJ/mol; whereas, solution and quick cooling to testing caused extraordinarily high peaks related to dynamic precipitation resulting in 160 MPa (1.2), Q=300 kJ/mol.

Jan 1, 2011

By H. J. McQueen

The irregular history of Mg wrought products is briefly described. The temperature and strain rate dependence of microstructural evolution, flow stress and ductility of Mg alloys in hot working, are described. The flow curves rose rapidly to a peak stress which was lower as temperature T rose and strain rate e declined and above 300°C the curves extended into plateaus until failure. Clearly grains not oriented for slip undergo mechanical twinning in the initial stages (a 0.15) at all temperatures. Basal slip proceeds in suitable grains and in the twins. The stress concentrations at grain and twin boundaries lead to slip on non-basal systems and to the formation of subgrains with greater dynamic recovery (DRV) at higher T or lower e. With increasing strain, misorientation builds up resulting in dynamic recrystallization (DRX) first at twin intersections and later at grain boundaries which have become quite serrated. Even after extensive straining at high temperatures, the new grains are found mainly along the boundaries of the original grains, leaving their centers with only basal slip except when nucleation at twins leads to completion of DRX throughout a grain. Despite similar shear modulus and melting point to Al, hot mechanical forming behavior of Mg alloys differ due to differences in crystal slip systems, twinning, and second phases. Moreover, the influences on forming of alloy additions (solutes, segregation in casting, dispersoids, precipitation) and impurities are not as well catalogued as for Al. Despite the benefits from dynamic recrystallization, varied grain orientation effects, heterogeneous substructures and the resulting stress concentrations result in considerably lower ductility for Mg alloys at the same stress level as for Al materials. Application of these theories to extrusion, rolling and forging and the effects on product properties are surveyed.

Jan 1, 2006

By Otto H. Henry, J. J. Cordiano

THOUGH powder metallurgy is one of the oldest of metallurgical processes, it is in its infancy as a branch of the modern field of metallurgy. As early as 3000 B.C., the ancients produced implements and weapons of iron by reducing iron ore in a charcoal fire and forging the resultant sponge while still hot into the desired shape. Melting and casting soon superseded the powder metallurgy practice, and it was not until the turn of the twentieth century that powder metallurgy was applied to the commercial manufacture of tungsten lamp filaments. From this beginning, the use of the powder metallurgy process spread to the manufacture of porous oil-impregnated bearings, cemented carbide tools, contact points, diamond grinding wheels, clutch facings, starter brushes, resin-bonded radio cores, magnets, metallic filters, and other parts. More recently, and particularly during the present war, there has been a definite trend toward the manufacture of machine parts by this process in competition with the more conventional fabricating methods. Notwithstanding these many developments, scientific progress has been slow. While many articles on powder metallurgy have appeared in the press and various publications, there have been too few contributions to our technical societies, with the result that there is a dearth of the type of information necessary for the full development of this science. It is of primary importance that the results of research and development be freely disseminated if powder metallurgy is to realize its fullest potentialities. PURPOSE OF INVESTIGATION Excluding the refractory metal field, all commercial powder metallurgical products made by a cold compressing and sintering operation contain voids. These voids can be substantially eliminated by subsequent severe working and heat-treatment, but such practice has not proved economical in most applications. By applying heat during the compressing operation, plastic deformation of the powder particles is substantially increased, and the resultant compact or briquette is practically free of voids. However, hot-pressing has many attendant problems, which at present preclude its use in the manufacture of precision parts. The more important of these are to devise: I. A die steel capable of withstanding high pressures at elevated temperatures. 2. A high-temperature lubricant capable of preventing excessive die wear and welding of the compact to the die walls. 3. A method of retaining a neutral or reducing atmosphere in the compacting zone of the die assembly. 4. A means of ejecting the hot-pressed specimen into a neutral atmosphere until reasonably cold.

Jan 1, 1945

By K. A. Clark

SEPARATION of the oil from the bituminons sands of the Athabaska area of Alberta has been a subject of study by the Research Council of Alberta. The results of the study have been published in the Annual Reports of the Council. However, the last Annual Report in which there is mention of bituminons sand separation is that for 1934. The attention that is being directed toward the bituminons sands at the present time calls for an up-to-date summary of the work of the Research Council of Alberta on the hot-water separation process. STATEMENT OF FUNDAMENTALS OF HOT-WATER PROCESS Studies of the hot-water separation process have been largely empirical in nature. The objective sought has been a complete recovery of oil from the sand in the form of a separated oil which, itself, is free from mineral matter. Various procedures have been tried in the hope of attaining this objective and a very considerable mass of observations and background of experience have been acquired. lt is rime that a theory for hot-water separation should commence to emerge. As a start toward the formulation of such a theory, the statements which follow regarding the constitution of bituminons sand and its reactions with water and air are presented. It is not pretended that they are entirely correct, but it is believed that they lie not far from the truth. (1) Bituminons sand is an aggregate of sand, clay, oil, and water. The sand consists mainly of quartz particles of 100 ta 200 mesh size and smaller, but also of particles of other minerais including mica, rutile, ilmenite, tour-maline, zircon, spinel, garnet, pyrite, and lignite. Clay occurs interbedded with the bituminons sand, of which, also, it is a constituent. lronstone nodules of all sizes up to eight inches in diameter are likely to be present in the bituminons sand beds. The oil is viscous, naphthenic, and of a specific gravity slightly greater than that of water. The oil content ranges up to, and sometimes even exceeds, 17 per cent by weight. Rich bituminons sand from beds not invaded by water has a water content of 3 to 5 per cent by weight. The water is probably present as a film around the sand particles. The oil surrounds the moist sand grains as an envelope. (2) Water wets quartz and other siliceous minerals more readily than does mineral oil. Consequently, water tends to displace the oil film surrounding the quartz and other siliceous particles when the bituminons sand is mixed with water. Whether the oil is completely displaced depends on the properties of the water. That is to say, the materials dissolved or suspended in the water modify its wetting properties.

Jan 1, 1944

By C. J. Beyke

In recent years recycling of household batteries has received increasing attention, primarily for environmental reasons. This article reviews the major battery types and some of the technologies available to recycle them. It also discusses issues such as collection and sorting which are related to battery recycling in the United States. Finally, results from research being conducted by the U.S. Bureau of Mines on the reclamation of nickel-metal hydride, alkaline, and zinc-carbon batteries are presented.

Jan 1, 1995

By C. R. Tinsley

In maybe the world's first in a mine project financing, a US $55 million Rehabilitation Indemnity was given on behalf of the banks in a US $250 million loan to develop the Ranger uranium mine, Northern Territory, Australia. The basis of the financing was an estimate of removal of the tailings and replacement into the pit. The Indemnity was amortized by a sinking fund from the mine's revenues. Such a concept could be valuable for mineral developments in sensitive areas or jurisdictions such as British Columbia or Alaska.

Jan 1, 1992