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By Stanley Dempsey

INTRODUCTION The mining industry has been under- going a significant restructuring for the past several years. Some firms have been liquidated. Some have been merged with other firms. A number of mining divisions of larger firms have been spun off, in some cases in leveraged buyouts by management. Recently, there have been a number of spin outs of gold subsidiaries. There are also a number of start-up situations where new firms are emerging as significant gold producers through mine development or acquisition. This restructuring has created an attractive market for specialized mining finance firms, and a number of firms have recently entered that field in the United States. These firms provide financial advisory and valuation services to mining firms and project developers, and access to venture capital. In some cases, they invest for clients or for their own account. I have been asked to describe how our firm works, and what kind of information we expect to receive when mine developers seek our assistance in financing a project. HOW WE OPERATE Denver Mining Finance works for both mine developers and investors. We also provide expert advice on mining issues to governments and to firms who are in litigation over mining issues. A lot of our work involves valuing mineral interests for various purposes. Our principal expertise is in the technical, commercial, and financial area. We help put mining deals into shape commercially so that they can be financed, and we help investors get into mining deals that are commercially sound. We work on projects, but we also advise mining firms on the structure of their business and how to make the most out of one or several mines that they might own. In addition to our work for clients, we are also prepared to invest in mining projects for our own account, and to recommend gold properties for acquisition by our parent company, Royal Gold, Inc. We are, to some extent, a venture capital firm, in that we sometimes work with projects that are not "bankablerV1 and are prepared to invest in attractive early-stage situations in mining. However, I want to emphasize that our principal focus is on development of commercially attractive mining projects that can be brought into production in the best possible financial terms. If we can make a project qualify for a project loan from a commercial bank, we will not advise the developer to use high cost venture capital. For the purpose of this paper, I will focus primarily upon our functions with respect to development of precious metal projects. In a typical case, a firm with an advanced-staged project approaches us for help with financing the final feasibility study, and construction and operation of a mine. In some cases, the developer has already developed a financing plan and wants only our access to investors. If we agree that the project is sound and that the financing scheme will be attractive to investors, we will help the developer reach investors on a commission basis. In such cases, we are particularly insistent that the financing plan and our participation meet all regulatory requirements, particularly compliance with state and federal securities laws. In most cases, however, the developer asks us for advise both on how to structure the financing, and how it can be implemented. Here we work for fees based on hourly rates for advisory work,

Jan 1, 1987

By T. D. Rourke, E. J. Cording, O&apos

INTRODUCTION Detailed investigation of a 60-ft-deep excavation in a mixed profile of sands and stiff clay was performed by the University of Illinois for the Washington Metropolitan Area Transit Authority (METRO). The work was coordinated through DeLeuw, Cather and Co., the General Engineering Consultant of METRO. Instrumentation was concentrated in a portion of braced excavation for the Gallery Place Station near the intersection of 7th and G Street. The early construction date, the 60 ft depth of cut, and the proximity of large buildings formed the basis for selection of this site as the focal point of observation and measurement. A history of lateral and vertical displacement is provided wherein movements which occurred during excavation to the full depth of cut and, subsequently, during station construction and the removal of braces are described in detail. Observations of preloading and the consequent brace loads and wall displacements are described. The effect of temperature change on brace loads is discussed and the measured apparent earth pressure for the 60-ft cut is provided. The paper discusses the relationship of lateral displacements of the cut wall to the construction procedure, and compares the lateral wall displacement with both lateral and vertical movement in the surrounding soil mass. Based on observed movement, the method by which displacement was predicted for a nearby 82-ft-deep excavation is described. The performance of the 82-ft-deep excavation has been summarized elsewhere (2).

Jan 1, 1974

By Gregory B. Baecher, Walter Steiner, Herbert H. Einstein

1. INTRODUCTION Empirical methods have always been important in tunneling in contrast to many other branches of engineering. Beginning in the late 19th century, when engineering entered the phase of formal modeling, this dichotomy could be seen to emerge even in the work of individuals. Culmann (1), Ritter (2) Kommerell (3) and others simultaneously were developing analytical approaches to bridge and building design and empirical approaches to tunnel design. The dichotomy remains. Empirical or simple analytical methods are used at most in the preliminary design of bridges and buildings, while they are used in all phases of tunnel design and construction. In fact, the past decade has seen a resurgence of interest in empirical methods, and with it discussion and controversy. This discussion has centered on the suitability of various methods. In some applications identical results are obtained with differing methods and in some cases radically different ones. On certain occasions the discussion has focused more on the methodological rather than empirical by taking issue with the appropriateness of particular parameters or the structure of some methods. This paper attempts to establish a basis for judging the suitability of empirical methods in tunnel design, and their applicability to particular cases. The paper makes no claim of exhaustiveness, and instead emphasizes basic requirements for application. Various methods are reviewed against this background. A detailed comparison of empirical methods and a description of their concept and background is now being prepared (4). Specifically the paper first defines empirical methods, and their purpose (Section 2), describes their structure (Section 3), and focuses on the basic requirements each must satisfy (Section 4). Then

Jan 1, 1979

By A. MacG. Robertson

INTRODUCTION The tailings, or solid waste, remaining after uranium has been extracted from an ore and the liquid wastes associated with it contain both radioactive and other substances which, if released to the environment, may have a detrimental impact on man and his environment. Although the radioactivity of the waste is of natural origin, the mining and milling process results in bringing the radioactive ore to the surface, changing its chemical and physical form, increasing its mobility and, therefore, enhancing the potential radiological exposure to man. Exposure to radionuclides released from a tailings impoundment, while small as applied to any one generation, can be made large by counting far into the future, large enough to be the dominant source of exposure from the nuclear fuel cycle, Cunningham (1978). Increasingly it is being found that where the prime concern was initially the radionuclide releases, the release of other pollutants and contaminants may be of equal or greater concern. While there is a definite benefit, at least to present generations, resulting from the recovery of uranium, current and long-term concerns require that consequential present and future releases be kept as low as is reasonably achievable. Design practice, to minimize this release, is currently passing through a technical revolution; precipitated by public and institutional concerns. New techniques and methods are, therefore, being actively sought and continuously implemented. Because of the complexity of the pollutant release mechanisms and the sitespecific nature of each impoundment site and tailings product, a wide variety of site selection and design options have been implemented or considered. It is often possible to design a number of satisfactory tailings disposal schemes which differ widely in nature and cost. This paper outlines the principal areas in which options are available and discusses some of these options. Both operating and post-decommissioning conditions are consi-

Jan 1, 1980

By P. B. Queneau, J. E. Litz, T. P. McNulty

I. INTRODUCTION Modern hydrometallurgy has its roots in such notable successes as heap leaching for recovery of copper, cyanidation of gold ores, the Bayer process, the Oxland process for tungsten, electrorefining of copper, roast/ leach/electrowin process for zinc, and production of yellowcake from lowgrade uranium ores. Metallurgical testing techniques, sampling and analytical procedures, operating and maintenance practices, and improved methods and materials of construction which were pioneered in these processes have promoted the extension of hydrometallurgy into other applications. Periodically, new tools such as solvent extraction, resin ion exchange, and flocculants have opened new avenues to hydrometallurgists. Conversely, pursuit of more complex mineralization, the rising costs of energy and environmental quality preservation, and declining ore grades continue to create new challenges. For much of this century, it can be fairly said that practically any hydrometallurgical development moved the frontier of technology. The 1970's and 1980fs, however, have seen a significant maturing of hydrometallurgy's role in process metallurgy. Simplistically, this maturing seems to derive from a growing awareness of the strengths and weaknesses of hydrometallurgy and a determined effort to capitalize on the strengths. For example, many of us were among those revolutionaries of the 1960's and 1970's who taught that "chemical smelting" was the answer to the treatment of all sulfides. We now recognize, however, that only in very special cases can hydrometallurgy offer economic advantage over the generally less energy-intensive pyrometallurgical systems. The maturing of hydrometallurgy does not, however, signal stagnation. Important innovations are being studied and developed in most extractive areas, and a number are approaching or have achieved commercialization. From our company's perspective, that of an organization dealing with the development of the most economic solutions to metallurgical problems, innovation must be defined as the commercially successful reduction of an idea to practice. There appears to be no shortage of ideas, nor has there ever been a shortage. Many ideas now being implemented were conceived decades ago, but reduction to practice was foiled by the lack of such technology as responsive process control and economical materials of construction capable of withstanding highly corrosive or erosive environments. Commercialization of a new process is a particularly challenging undertaking. Even if technical risks are reduced to a minimum through careful and thoughtful process development, there are inevitable uncertainties in feed characteristics, variable costs, and product prices. Commercialization takes courage, both on the part of innovators who may be staking their careers or reputations and of investors who may face financial disaster in the event of project failure. This paper discusses innovative programs and recently commercialized processes which either have been discussed in the literature or disclosed to Hazen Research staff in private nonconfidential conversations with contacts in industry. Regarding this latter category of information, relative ease of communication has resulted in many of our observations being of North American origin.

Jan 1, 1985

By V. Iordachita

In the beginning of the third millennium, the world mining industry has to cope with many challenges; the continuous need for mineral resource deposits and the mostly unsolved economic efforts should be accompanied with ecologic measures mankind has to take in order to avoid self-destruction. The present paper analyses the possibilities of using underground mining spaces in Romania for storing dangerous waste and suggests viable solutions. The characteristics of dangerous wastes and their disposal in suitable underground spaces are analyzed. Also, some methods for deactivating dangerous solid wastes as well as the importance of monitoring underground spaces in order to eliminate environmental impact risks are presented.

Jan 1, 2008

Research has determined that ground control interaction problems in mining over a previously mined seam occur primarily in the tension zone created at the edge of the subsidence trough, and in areas above lower seam remnant pillars. Based on empirical and analytical studies, planning options for improving conditions on the upper seam have been developed to optimize extraction while minimizing the negative effects of seam interactions. These options include prediction of potential upper seam damage, guidelines for minimizing inevitable negative interaction effects, and recommended opening and pillar sizes, shape, and orientations, as well as design and planning procedures.

Jan 1, 1988

By S. L. Bessinger

Introduction Extensive testing in the past ten years has shown that where a uniform natural gamma background is present in the strata bordering a seam, the thickness of the boundary coal left in place after mining can be determined by measuring the attenuation of that radiation (Nelson and Bessinger, 1989). Measurements made by the authors in underground mines in Pennsylvania, West Virginia, Ohio, Illinois and Kentucky and by others in Wyoming and New Mexico have shown the presence of such a gamma background (Nelson. 1989). Natural gamma coal-thickness sensors of several configurations have been tested in mines owned and operated by the Consolidation Coal Company (Consol) in Pennsylvania and West Virginia (Nelson and Bessinger, 1988). This paper describes the installation of a natural gamma coal-thickness sensor on an operating continuous miner. Previous tests had shown that the NGB-1000 coal-thickness sensor manufactured by American Mining Electronics, Inc., of Huntsville. AL, is an accurate, mine-worthy instrument. This large gamma detector consists of a sensing head and a control panel. The sensing head contains thallium-doped, sodium iodide scintillating crystal, which is coupled to a photomultiplier tube. The control panel contains the electronic components required for calibration, count conversion and display to the operator. Methods Conditions at a Consol mine in northern West Virginia require that 10 to 15 cm (4 to 6 in.) of coal be left at the roof boundary of continuous miner development sections. This roof coal is required because the shale of the immediate roof is friable and unstable. In the past, operators have used a dirt band that is usually visible near the top of the seam as a guide in maintaining the proper cutting horizon. However, this is not always reliable. Earlier observation showed that the actual thickness of the coal left on the roof varied widely; further, it was noted that occasional, accidental excursions into the immediate roof required supplementary roof control measures, such as installation of planks or center bolts. Thus, it was concluded that operators needed a better source of guidance for control of the cutting horizon, and a roof-coal thickness sensor was scheduled for installation. The NGB-1000 sensor was installed on a Joy 12CM10 continuous miner in June 1988. The sensing head was mounted on the cutter boom of the miner, and the control panel was mounted in the operator's cab. Power for the sensor was initially derived from an intrinsically safe battery power supply. Initial measurements with the sensor showed that the calibration was the same as that used in earlier tests at two other mines, indicating the uniformity of the natural gamma background above the Pittsburgh seam. Operating personnel were initially skeptical of the instrument's accuracy, and were hesitant to use its readings as a guide in maintaining a proper cutting horizon. Because gamma attenuation, the instrument's operating principle, is somewhat abstract, attempts to demonstrate the instrument's accuracy by explaining that principle were generally ineffective. It was found, however, that an operator could usually be convinced of the usefulness of the instrument by placing a large piece of coal of fairly uniform thickness over the instrument's sensing head and allowing the operator to see that the instrument reading increased by an amount very near his estimate of the thickness of the piece. The mine was provided with seven battery power supplies and a charging station. The charging station was kept in the lampman's office, and the mechanic on each shift was instructed that he was responsible for two battery power supplies each day: a freshly charged one to be taken in at the beginning of his shift and a depleted one to be brought out at the end. This system worked well for a few weeks, but eventually some battery power supplies were left in use so long that their batteries were discharged too deeply to allow recharging. In addition, transport and recharging of the batteries represented an additional task for the mechanics, who were already very busy. Consequently, a request was filed with MSHA to allow the sensor to be powered through intrinsic safety barriers by an electronic power supply connected to machine power. The permit was granted, and the sensor was connected to machine power. After the sensor was connected to machine power, the only operating problem experienced was occasional failure of cables. A supply of the required cables was made and delivered to the mine so damaged cables could be quickly replaced. Much of the cable damage could be eliminated by slight modifications to the miner during a rebuild, so that cables could be installed in more protected locations. After the sensor had been in operation for about two months, a survey was made to determine its effect on continuous miner operations. In previous research, coal thickness measurements made in 88 locations by the natural gamma method were compared to measurements made in the same locations by observing drill cuttings and by inspections of drill holes with a borescope. That research showed that the gamma method is at least as accurate as the other two methods (Nelson and Bessinger, 1989) and is also much easier to use. The object of the survey described here was not to assess the accuracy of the natural gamma measurements. but rather to determine the effectiveness of the sensor output as a guide for the operator in maintaining control of the cutting horizon. Thus a smaller, hand-held gamma detector

Jan 1, 1992

By J. R. Dillon

Today more than ever, there is an increased demand for higher plant production capacities and efficiencies to offset the increasing costs for labor and materials. Plants involved in processing large volumes of bulk materials are particularly interested in more efficient material handling systems to (1) reduce labor and maintenance costs, (2) improve blending of non-uniform raw material feed to processing facilities, (3) improve blending of finished bulk materials from storage. DragScraper systems are being used effectively for handling a variety of bulk materials in both indoor and outdoor storage. Materials being handled include ores, chemicals, coke, clay, and stone, to name a few. Handling capacities these machines can provide vary from a few tons to over 1500 tons per hour. The basic components of a DragScraper machine consist of a bottomless Crescent scraper, a two or three-drum DragScraper hoist assembly including gas, diesel, or electric power unit, operating cables, guide blocks, and either fixed or mobile head and tail structures. They are presently available in sizes through 15 cubic yards, for operating spans up to 1000 feet.

Jan 1, 1969

By M. C. Mound, L. Fradette, C. Colbert

Metallurgical Accounting in the mineral processing industry transforms accumulated process data, including flow rates and assays, into a coherent information format. This is used to rapidly provide production reporting and key performance indications. A fully comprehensive and coherency of available data must be a component of any system expected to accomplish reconciliation in the mass balancing process. Quality issues are thus improved with such desired methods via a mass-balancing engine utilizing the results of measurements acquired by various on-line sensors, analyzers, and sophisticated laboratory equipment. Metallurgical Accounting, when accomplished through such an engine, provides high value information in a simple, straightforward, and simplified manner. Exceptional utility is then transparently available to authorized personnel for access to metallurgical accounting reports, production reports, mass balance results, performance indicators, and so on. This paper discusses how such information can be used to "drilldown" into each result set by consulting the data hierarchy to evaluate and validate calculations and input data used to produce the specific results being queried. The power of such a system resides in the full and true integration of all production and laboratory data. What is integrated are the data thus acquired via a single user interface, a single database, a single configuration tool, etc. From this comes the derivation of contextual information and its maintenance. It is possible to reduce metallurgical accounting and production reporting from possibly hours or even days to a matter of minutes. The result is maximization of information reliability and availability from masses of otherwise discrete and difficult to access key data.

Jan 1, 2003

By A. J. S. Spearing, T. Kostecki, D. Benton

The use of paste backfill in room-and-pillar coal mines in the United States needs to be fully investigated. This paper discusses a series of physical tests that were conducted to examine the support benefits of theoretical paste backfill regimens in Illinois Basin room-and-pillar coal mines, which necessarily included consideration of weak floor conditions. The series of tests included those simulating strong floor conditions, weak floor conditions, under-confined scenarios, and testing of actual coal-based paste backfill samples. The testing indicated that a paste backfill regimen utilizing a minimum backfill strength of 22 psi at a minimum fill height of 50% of pillar height could significantly increase the longterm stability of coal pillars in the Illinois Basin. Considering typical coal wash plant recoveries, 50% fill would be feasible.

Jan 1, 2014

By R. Q. Honaker

Recent studies conducted at Virginia Tech have shown that ultrafine coal particles can be selectively coagulated and separated from mineral matter without the use of traditional agglomerants or flocculating agents. This technique utilizes hydrophobic interaction forces to induce coagulation of coal particles, while particles of mineral matter are dispersed using pH control. After selective coagulation, the coal coagula can be recovered by a sedimentation technique. In the present work, factors such as pH, particle size, and solids concentration have been examined. A wide range of coal samples have been successfully upgraded using this technique.

Jan 1, 1991

By Wendell H. Nielson

Flotation processes contain disturbances which make material balance closures difficult to achieve. Lack of closure also arises from instrument errors. A portion of these problems can be overcome by proper equipment selection; the primary measurement installation and methods of initial data filtering are discussed below. The problem of data adjustment has been considered before (2). The technique described here is essentially that of Ripps (2). The technique was expanded to include linearization of non-linear material balance equations. An additional large error detection portion was also added to Ripp's formulation. Ripp's technique is based on a Lagrange-Multiplier optimization method. The Lagrange-Multiplier technique is generally applied when there are equality constraints on the variables. Steady-state material balance equations fit in this category. The basic Lagrange-Multiplier method is described. It is followed by a description of the modified material balance data adjustment technique. An example is presented to illustrate the use of this method.

Jan 1, 1970

By Aaron Archer, James Parkes

This paper presents design considerations for the major underground elements of the pending BCRUA Phase 2 Raw Water Delivery System Project. These elements include two Lake Taps; an 8,800 LF, minimum 10-ft OD intake tunnel; a suction chamber with 6 Pump Shafts; a 30-ft diameter, 300-ft deep Main Shaft; a 2,600 LF Transmission Tunnel with 78-inch steel liner; and a 130-ft deep shaft on the Transmission Tunnel. The tunnels and shafts will be excavated through the Glen Rose limestone. The design development included consideration for technical requirements, easements, third party commitments, previous local project experience, and constructability based on contractor outreach.

Jun 13, 2021

By L. M. English

A basic model has been developed to help assess methane control needs for longwall mining of coal in gassy areas. Rather than depending upon reservoir and rock mechanic theory, it uses an empirically-determined gas emission rate as an input and operates on the assumption that, within a specific region and zone, gas emissions will be relatively equivalent for uniform incremental volumes of gob created by mining. The computer program divides longwall panels into segments, keeps track of the face advance, and generates emission rates and volumes for both the entire panel and for individual zones within the panel by summing values for all undermined segments. This model can aid the determination of the number, size, and location of vertical wells or other methane control applications that are needed for gob gas control.

Jan 1, 1998

By Clarence Hardy Long

In January of 1969 the United States Department of Health, Education and Welfare, through the National Air Pollution Control Administration, published a series of Air Quality Criteria (4'S) and Control Techniques (6,7) for air pollutants in compliance with the 1967 Clean Air Act which will affect the operation of all fuel burning equipment in the very near future. The design of equipment for the future which will use fossil fuels will also be affected. The purpose of this paper is to discuss some of the modifications which might be anticipated in the future for fuel burning equipment. One class of the several air pollutants looked at first by the USDHEW was the sulfur oxides. Other pollutants, such as nitrogen oxides, will be studied and controls for these will supposedly be written in due time. The obvious use of low-sulfur fuels, coal, oil and natural gas is suggested by the Control Technique(6). Conversion to other sources of power, such as nuclear energy and hydropower, is also suggested. The statement is made that since possible hydroelectric sources are limited and nuclear plants are not yet available on a large scale, the changeover to these sources of power will not be overnight. The bulletin (6) suggests that one possible solution in some areas may be the use of low sulfur coals for short periods of time during periods of severe air pollution. A curve showing the effect of this was given in the 1969 April issue of the Power magazine, where A. E. Boyer and F. B. Kaylor of Stone and Webster also described a computer program called DOSAGE which might be used to check weather, temperature, humidity, wind direction and velocity, and sound an alarm when that 0.1% of the time per season is here that requires the use of low-sulfur fuel. Inversion is eminent! Once this has passed operation on regular fuel may be resumed. This would mean a separate storage

Jan 1, 1970

By J. Noll, E. Cauda, T. Barone, S. Vanderslice

Measuring diesel particulate matter (DPM) for underground metal/nonmetal mine compliance samples is done by collecting DPM onto quartz fiber filters and analyzing the samples via NIOSH method 5040 for elemental carbon (EC) and total carbon (TC). As part of the sampling train, two quartz fiber filters in tandem are housed inside an SKC DPM cassette that includes an impactor. The impactor segregates DPM and mine dust, and the second filter is used to correct for adsorption of vapor phase organic carbon (OC). Since the value of the second filter is subtracted from the first, the pre-existing carbon on the filter media for both filters needs to be comparable. In addition, the pre-existing carbon on the media should be low for accurate and sensitive results. However, there have been some reports of elevated OC on the filter media of the SKC DPM cassettes, which would cause the limit of detection (LOD) to be higher than reported at times. In this study, blank SKC DPM cassettes from different batches and with different expiration dates were analyzed to quantify the amount of carbon on the filter media and to determine the LOD and limit of quantification (LOQ) associated with these samplers. It was found that the organic carbon and total carbon on the media was about five times higher than quartz media used in samplers from other studies. The average TC on the blanks was 2.57 μg/cm2 with a standard deviation of 0.70, resulting in a LOD of 21 μg/m3 TC, 8-hr Time Weighted Average (TWA), and LOQ of 69 μg/m3 TC, 8-hr TWA, when using these samplers for collecting DPM. The LOD and LOQ may be improved through some sample preparation techniques. INTRODUCTION Exposure to diesel exhaust (DE) is associated with an increased risk for lung cancer and other adverse health effects (Attfield et al. 2012, Silverman et al. 2012, Ping and Guang 2017, IARC 2012). Pronk et al. 2009 reported that the highest exposed groups to elemental carbon (EC) from DE worked in underground sites in mining and construction and they were exposed to concentrations between 27–658 μg/m3. At concentrations (1–25 μg/m3 EC) well below those observed in mining, diesel particulate matter (DPM) exposures were estimated to increase the risk of cancer by levels exceeding those typically acceptable for occupational risk in the United States and Europe (Vermeulen et al. 2014). This suggests that underground miners are especially at risk because of their more substantial exposures in confined working spaces. As a protective measure, in 2001, the Mine Safety and Health Administration (MSHA) promulgated a rule to limit exposures of metal/nonmetal underground miners to DPM to an 8-hr time-weighted average (TWA) of 160 μg/m3 total carbon (TC) (MSHA 2001, 2006).

Jan 1, 2019

By Erland A. Tillman

The U.S. National Committee on Tunneling Technology under the aegis of the National Academy of Sciences has long recognized that productivity in major underground construction projects could be increased through better contracting practices and better management. Between 1974 and 1978, this Committee has prepared three reports on these subjects. This paper reviews these reports and their recommendations. It covers the extensive actions by the U.S. National Committee on Tunneling Technology to bring the recommendations to the attention of leaders in the underground construction industry and thus further their adoption and implementation. These activities are continuing. Visibility in this session will give these reports and recommendations increased exposure.

Jan 1, 1981

By MYRIAM FRANCOEUR, JOHN R.R. BOWLING, ADAM MCFADDEN

As duct-fan systems push the envelope of power, length and cost, their design calls for a more comprehensive technoeconomic analysis to ensure they deliver the expected results without failure and cost overrun. This work explores the numerous factors to include in the design of an extensive (semi-)rigid duct-fan system. Besides delivering a given airflow, the system must satisfy component limitations and power constraints during its lifetime. We evaluate the assumptions underlying the positioning of in-line booster fans in a long gapless duct-fan system and propose a strategy for specifying the location and blade pitch of successive booster fans to prevent system failure due to a partial vacuum.

Oct 1, 2022

By Colin C. Brooks

The Ok Tedi gold/copper deposit of almost 800 million tonnes was found in I968 because at that time technology had just developed sufficiently to enable exploration of such an area, world markets and prices for copper encouraged exploration for large deposits of low grade ore, Papua New Guinea law encouraged exploration by groups with men, money, management and expertise necessary for successful prosecution of such a search and such groups were already operating in the country.

Jan 1, 1990