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Post--Crunch Financial Management -An Overview A. The Industry and the Capital Markets B. .The SME -De-risking the Current and New Assets Followed by: C. The Lender?s Perspective on Re-financing?Jeff Stufsky, BNPParibas, NYCD D. .The Agency/Export Credit Lender Perspective?Doug Macaulay, EDC, Ottawa E. The Foreign Political Insurance Perspective?Pierre Vieillescazes, Carrick-Bend, Washington, DC ?Four Fundamental Metal Models No Longer Prevail. ?Mining is in new ?waters?: so be prepared (next page). ?Capital markets are uncertain-so be your own financier first ?If tight capital may remain, prepare to triage based on cash-flow production (not oz, lbs, tonnes, etc) ?Know your banker/financier(and it should know mining) ?In the past, it was ?know your borrower? ?The climbing team can fall if one climber carries too much ?Constantly re-assess the risk matrix (and j/v?s), and ?De-risk/diversify both the asset and the capital base

May 1, 2010

By J. W. Austin

"Introduction The Brenda dust collection system was originally designed to handle air at the 5000 ft. elevation with less than 1 grain of dust per cubic feet of air handled. The temperature variation is from 32°C in the summer to -20°C in the winter.DUST COLLECTIONOriginal Equipment 1. Primary Crusher 2 compartment baghouse, shaker type design capacity - 17,000 cfm2. Primary Screening 3 compartment baghouse, shaker type design capacity - 30,000 cfm3. Secondary Crusher 4 compartment baghouse, shaker type design capacity - 45,000 cfm4. Secondary Screening 4 compartment baghouse, shaker typedesign capacity - 60,000 cfmThe original dust collecting equipment was designed using a napped terylene fabric at an air to cloth ratio of 5:1. The ducting was designed to handle the dust laden air at 3200 ft. per minute with all elbows and blast gate sections rubber lined. The hoods and the pickup velocities were designed to handle the anticipated low dust counts."

Jan 1, 1976

By V Dolmage

Copper Mountain is the third largest copper mine in British Columbia, and is now producing close to 20 million pounds of copper per year, with which is recovered also 4,000 ounces of gold and. 13,800 ounces of silver. After a long and checkered career, during which the ownership and management changed several times, this deposit finally came into the possession of the Granby Consolidated Mining, Smelting and Power Company in 1923. It was not, however, until the end of 1925 that the mine, under the management of Charles Bocking and C. H. Smith, was successfully placed on a basis of profitable production. It is a low-grade deposit of the contact-metamorphic type, with refractory ores consisting of chalcopyrite and bornite in a gangue of altered andesitic and basaltic breccia. The ore is concentrated to a product carrying over 30 percent copper, which is smelted in Tacoma. The deposit is 12 miles south of the town of Princeton, which is on the Kettle Valley railway, 150 miles east of Vancouver and 40 miles north of the International Boundary line. Princeton is served also by a branch of the Great Northern railway, which leads clown the Similkameen, Okanagan, and Columbia valleys. Copper Mountain mine and camp are connected to Princeton by a good mo tor road extending up Wolf Creek valley, while the haulage level of the mine, which emerges on the steep side of the Similkameen valley 1,000 feet below the camp, is connected with Princeton by a spur of the Kettle Valley railway leading up the Similkameen canyon and passing en route through Allenby, where the concentrator is situated.

Jan 1, 1929

By P. Favreau

This paper describes the progress accomplished at the Noranda Technology Centre in the field of three-dimensional computer-aided underground blast design. Traditional methods of laying out underground blasts are reviewed, and the new computer-aided approach is described. Time savings achieved through the use of BLASTCAD can be advantageously used to better engineer blasts, using models and blast vibration analysis. Future work involving the attachment of blast models directly to the system is also addressed.

Feb 1, 1993

By Penny C. Stewart

Narrow vein underground stope design engineers in Australia have expressed significant interest in the requirements and methodology for developing site-specific stability charts. This is largely due to a concern that existing stope stability charts inadequately take into account factors influencing narrow vein stope stability, such as the effect of backfill abutments and the effect of in stope pillars. This paper presents conclusions from a comprehensive statistical examination of case history requirements for a site specific stability chart and critiques literature arguments for site-specific charts. A new statistical analysis technique and a large comprehensive stability database enabled the authors to quantify case history requirements and any site-specific effects the model exhibits. The analyses indicated that a reliable stable-failure boundary requires at least 150 case histories, of which a minimum of 10 percent should be unstable stope surfaces. Marginal site-specific effects were observed for the operating conditions captured within the database. The authors conclude that the apparent site-specific effects noted in previous literature are attributable to operating conditions inadequately represented in the database. Such operating conditions could induce erroneous stability predictions at any site, and are therefore not truly site-specific. Following from these conclusions, a strategy for taking into account operating conditions particularly relevant to narrow vein mining has been proposed. In particular, the development of a chart that accounts for the effect of backfill abutments on stope stability. Backfill abutment effects are particularly relevant to mechanised narrow vein mining methods such as modified Avoca. Collaboration from at least five sites is required to obtain access to relevant data and underground drives for geotechnical mapping. Preliminary estimations indicate that approximately three months fieldwork is required to meet case history requirements. CMS data in conjunction with 3-dimensional design software will be used to calculate equivalent linear overbreak/slough (ELOS). In contrast to stable, failure, major failure and caving categorical variables, ELOS is an objective and continuous stability variable and is therefore, more conducive to mathematical modelling.

Oct 1, 2001

By Denis Thibodeau

his paper describes a study of an altered mining extraction and the resulting Rockmass response at VALE?s Creighton Mine. Typically, the deep mining zones have strict stope extraction guidelines to ensure safety and productivity; however, these guidelines offer low flexibility or few options for stope sequencing. The 402 O. B. being in a good rock mass, at moderate depth and stress regime at Creighton, offered an opportunity to drive a more flexible mining sequence with stopes and a pillar. A three-phased approach was used to mitigate risk of the mining plan: 1- Numerical modelling to fully anticipate rock mass response to the proposed mining sequences. 2- In situ seismic monitoring to collect stress and seismic activity data. 3- Analysis of the in situ data to correlate to the modelling results. The creation and the extraction of a pillar in the 402 O. B. was successfully completed. The recorded seismic activity agrees well with the numerical modelling since most of the seismic activity is localised in the hangingwall where the deviatoric stress corresponds to an early damage process. The moderate levels of deviatoric stress cause localised failure with low level of seismic activity.

May 1, 2013

By J. A. L. Henderson

THE potential oil-and gas-bearing area with "which this paper deals is the large undefined Carboniferous basin, roughly triangular in shape, occupying about 10,000 square miles of southern and eastern New Brunswick. Its base, about 135 miles long, lies on the gulf of St. Lawrence and embraces the whole eastern coast-line of the Province, while its apex lies in the south-west corner of the Province, near the International boundary (see map, Figure 1). The Carboniferous basin may be divided roughly into two areas-the Northern basin and the Southern basin-by a structural feature represented by a ridge of low hills running north-easterly from the Saint John river, near Saint John, on the southwest, to Indian mountain, about eight miles north of Moncton, in the northeast. Within the Northern basin, all evidence regarding the presence or attitude of the older Mississippian Albert Shale series, the only oil-bearing rocks known in New Brunswick, is for the greater part obscured by a thick and practically horizontal blanket of Pennsylvanian strata and, although evidences of oil and gas have been reported, none has been positively identified. Five parallellines of gentle folding, running to the northeast, occur in the Pennsylvanian rocks, within a distance of 100 miles from north to south. This folding is reflected in the courses of the rivers, which lie within the synclines. The relationship of the folding in the younger rocks to structures in the uncomfortably underlying older rocks is unknown, but should now be possible of clarification by means of a geophysical survey accompanied by drilling. Independent geological examinations have yielded no evidence of value in this respect, nor have five exploratory boreholes drilled by per-cussion tools to a maximum depth of 3,645 feet been of assistance, as only one inconclusive hole completely traversed the beds which normally overlie the Albert shales.

Jan 1, 1940

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 T. C. Holmes

Introduction The Dome mine, in the Porcupine mining camp of northern Ontario, is one of the important gold mines of the country, having produced over 139 million dollars worth of gold from the commencement of production in '1910 to the end of 1944. The geology of the mine is complex and a number of types of ore are known, each occurring under particular conditions. The mine workings are very extensive and by far the greater part of them have been geologically mapped only in reconnaissance fashion. By 1940, when the writer joined the mine staff, the orebodies in the sedimentary trough and the 'nose' orebodies, the first types to be developed, were almost worked out and many workings were inaccessible, so the descriptions of these types are based largely on study of the plans and records. The same applies to a lesser extent to some other types. At various places in this paper, statements are made as to the mineralogical or chemical composition of the rocks. Most of these determinations are based on examinations made with a hand lens and cannot, therefore, be regarded as very reliable. General Geology As there are several types of ore in the mine, occurring under quite diverse conditions, a brief outline of the geology is given here, sufficient to provide a general picture into which the fuller descriptions given with each type of ore can be fitted.

Jan 1, 1947

By Bob Robinson

In 1990, the European Space Agency (ESA) initiated a technology transfer program to stimulate the wider use of technology developed by the European and Canadian space communities. This paper focuses on the method of technology transfer from the space industry to terrestrial industries, with a focus on the mining resource sector within a program called the Harsh Environments Initiative (HEI) created in 1997. Other resource sector applications include forestry and oil & gas. C-CORE in partnership with the Mining Innovation, Rehabilitation and Applied Research Corporation (MIRARCO) supported by ESA, Canadian Space Agency (CSA) and European R&D organizations conduct projects to promote and demonstrate the transfer of innovative technologies from space to non-space industries. Space programs have and continue to develop new knowledge for extra-terrestrial application, e.g., satellite earth observation, manned missions and unmanned planetary exploration. Many of which hold the potential for application on land and ocean. Currently, space technologies of interest to the mine sector range from robotics and image analysis to sensors, software and advanced materials. The HEI works to identify and apply these types of technologies in the areas of automated/tele-controlled mine operations and mine monitoring.

May 1, 2001

By J. R. Dinn

On the afternoon of Saturday, June 23rd last; there was an unusual occurrence at the surface plant of the Dominion Coal Company's Caledorria mine, Glace Bay, which operates on the Phalen seam, here lying at a depth of 170 feet from the surface. On that day, the writer, who was attending a business conference in the General Office about a mile distant from the Colliery, received a telephone call to the effect that there was a strong odour of gasoline or kerosene in the wash-house and lamp-house of the Colliery, and that the attendants in both the wash-house and the lamp-house had become ill and had had to be sent home. Instructions were given at once to cut off the electric current, and to close all doors to prevent access to the building. When the writer arrived at the plant and questioned the workmen, he was led to the belief that the gasoline tank in the lamp-house (used in connection with flame safety lamps) had leaked and that the gas, having volatilized, had displaced sufficient oxygen to cause the trouble. Emphasis was being placed on the kerosene, or, as some said, the gasoline, odour. In the lamp-house, there is a small shuttered window which opens on a corridor. Here the workmen receive their lamps from the lamp attendant. An examiner, with a flame safety-lamp, proceeded to test the atmosphere within the building by passing his lamp through the open window, since, if the trouble was due to volatilized gasoline, a gas cap would be shown on the flame of the safety-lamp. After holding the lamp for a few seconds inside of the window, he withdrew it and remarked, "There's no gas cap" . Almost immediately the lamp fell from his hand and he dropped unconscious to the floor of the corridor. The writer, who was standing beside him, felt no ill effects and removed him at once from the corridor. Steps were immediately taken to revive him ( artificial respiration) , and in about ten minutes he became conscious and was breathing naturally. In making the examination, his head was not inside the window, but in line with the frame of it. It was apparent that some gas more deadly than the hydrocarbons from gasoline was present.

Jan 1, 1934

By Jacek Paraszczak

Application of teleoperated and automated mobile equipment in underground metal mines represents a promising avenue to overcome some of the challenges facing the industry. This paper addresses the issues of overall effectiveness of the autonomous loading and haulage equipment in comparison with conventional man-operated machines. It overviews and discusses the factors affecting availability, utilization and production rate. It puts an emphasis on some problems and risks not present in conventional man-operated systems, as well as their character and criticality. It stresses the need to analyze the factors affecting OEE of the autonomous equipment more in-depth than it has been done up to date and to take them into consideration at the stage of feasibility studies. The paper concludes with some recommendations and indicates the directions of the future research in this field.

Oct 1, 2009

By A. Hekmat-Ardakan

Conventional hypereutectic Al-Si alloys such as A390 are used principally for the casting of components used in wear applications requiring abrasive resistance such as in engine or compressor blocks. A comprehensive study was undertaken to investigate the potential of improving the mechanical properties of these alloys by the addition of magnesium. A thorough thermodynamic study of the effect of the addition of Mg to the conventional A390 alloy showed that Mg2Si starts to form as a primary phase at 4.2% Mg as well as in the products of the binary and ternary eutectic reactions forming the matrix. Experiments were carried out in producing castings with different cooling and solidification rates of alloys with up to 10% Mg. Mg additions were found to increase the hardness over the as cast alloy due to solid solution strengthening. Also, T6 heat treatment greatly improved the tensile properties of these alloy compositions due to the strengthening effect of the theta-Al2Cu phase. The elongation of these alloys generally decreases marginally with Mg content. The most significant property improvement of the alloys with higher Mg content is the substantial increase in wear resistance. This is attributed to the dispersion of smaller particles of Mg2Si and their coherence with the matrix as compared to the large Si particles in the conventional alloy. A new rheoforming process for A390 is presented that improves the processing of the semi-solid slurry. Structure modification elements were also added to refine the primary and eutectic silicon greatly improving the processing of the semi-solid slurry.

Jan 1, 2011

By Alfred W. G. Wilson

THE ultimate purpose of the Chemical Manufacturer is to produce consumer products which can be sold to customers. Such production and sales can be continued only if the operations yield a profit to the manufacturer and if the products meet the requirements o the consumer--bath parties to the transaction must be satisfied. There are vast numbers of consumer products, made by chemical pro-cesses. The production of some of these ultimate products may involve the use of several intermediate chemicals, applications of few or many different processes, and the utilization, somewhere in the series of operations, of a variety of raw materials. On the other hand, some ultimate products have a very simple chemical history between raw materials and end products. There are no chemical products in use which are completely independent of the mineral industry. For many, the association is direct and obvious; for others, it may be indirect and even obscure. Analyses of the process and raw-material ancestry of a very large number of consumer products would suggest that many products are derived from Industrial Mineral products directly, that there are many in which the connection is indirect, and that there are only a few products with which industrial minerals are not in some way or other associated. The vast majority of the more important chemical products, and especially the basic chemicals from which other products are made, are directly dependent for their production upon Industrial Minerals or their derivatives. In the preceding part of this paper, for each raw material mentioned some references have been made to the leading chemical products based on this material. This, however, is only part of the story, because in most cases the consumer product can be made from any special raw material mentioned only by the use of other materials or chemicals made from them. The production of consumer chemicals is really possible only through an intricate interlocking of processes, materials, and apparatus.

Jan 1, 1940

By F. W. Brackebusch, R. O. Sack

"A method for determining the fineness of Au in electrum from the composition of fahlore coexisting with pyrite and chalcopyrite is presented. This method is based on previously published experimental brackets and activitycomposition models for electrum and fahlore, and it is potentially useful for defining temperatures of hydrothermal mineralization and retrograde evolution of precious metals deposits. The authors demonstrate that it successfully predicts compositions of electrum reported for this assemblage in the literature and illustrate its application for three gold-quartz vein deposits from the Coeur d’Alene mining district, Idaho, that are prospects of the New Jersey Mining Company, the Coleman vein, High-Grade prospect, and Silver Strand mine. Temperatures calculated from average electrum compositions estimated from gravity concentrates (molar Au/(Au+Ag) = 0.76-0.39) and from microprobe analyses of the fahlores (molar Ag/(Ag+Cu) = 0.039 ± 0.004, Zn/(Zn+Fe) = 0.57 ± 0.03, As/(As+Sb) = 0.23 ± 0.02) from the Coleman vein indicate that the electrums underwent retrograde re-equilibration to temperatures between about 80°C and 240°C, roughly 80°C below the temperature of hydrothermal mineralization and 10°C to 40°C above the temperature inferred for retrograde equilibration of Fe and Zn between sphalerite and fahlore. Fahlores from the High-Grade prospect [molar Ag/(Ag+Cu) = 0.009 ± 0.004, Zn/(Zn+Fe) = 0.55 ± 0.11, and As/(As+Sb) = 0.04 ± 0.03] and Silver Strand mineralized zone [molar Ag/(Ag+Cu) = 0.10 ± 0.04, Zn/(Zn+Fe) = 0.63 ± 0.02, and As/(As+Sb) = 0.06 ± 0.02] exhibit strong core to rim depletions in Ag due to retrograde operation of the reaction1/10Cu10Fe2Sb4S13 + Ag + FeS2 =Cu-fahlore electrum pyriteCuFeS2 + 1/10Ag10Fe2Sb4S13chalcopyrite Ag-fahlorewhich proceeds to the left with decreasing temperature. Electrum inclusions in arsenopyrite from the High-Grade prospect [molar Au/(Au+Ag) = 0.90 ± 0.02] define a minimum bound on the temperature of hydrothermal mineralization of 273°C, and the temperatureelectrum composition curve constructed for the most Ag-rich fahlore in the Silver Strand mine indicates that the fineness of its electrum is significantly less than in the other deposits."

Jan 1, 2004

By D. Song

In this paper, the differential equations governing the mass transport and the electrochemical reaction in a cathode catalyst layer of polymer electrolyte membrane fuel cells are solved based on the polynomial series expansion method. Explicit expressions for the polarization curve as well as for the distributions of oxygen, current density and overpotential are obtained when a quadratic, cubic or quartic polynomial is employed to approximate the oxygen concentration distribution. These kinds of explicit solutions are desirable for MEA design and diagnosis purposes. The comparison between the conventional numerical approach and the explicit solution approach proposed here shows that satisfactory accuracy can be reached by the first four terms of the polynomial series. The effect of the catalyst layer thickness on the accuracy of the obtained explicit polynomial solutions is also discussed.

Jan 1, 2005

By G. Auld

"A simple method is presented whereby the additional quantity and static pressure necessary to compensate for ventilation duct leakage may be estimated using the circular reference functions of modern spreadsheets. Favourable comparisons have been made to the National Coal Board (United Kingdom) design charts and to a case study analysis. IntroductionIn mining, most ducted systems are applied to the development of access tunnels, and most of these systems leak to some extent. When the ventilation duct fails to deliver the required quantity of air to the work place, there is a significant contribution to the development costs, either directly or indirectly.Directly — More air and more pressure are required to compensate for the leakage, more capital development (ventilation shafts, parallel drives) are required because ventilation systems cannot push the fresh air far enough, and longer re-entry times to ensure toxic blast fumes to be diluted.Indirectly — There is a reduction in productivity because of the inclement atmospheric conditions, and/or closure of development ends because of unacceptable atmospheric conditions at the working place. This has been exacerbated over the last few decades because of the increased use of diesel equipment of ever increasing power, and the more stringent Occupational Health and Safety requirements demanding more air flow per kilowatt of diesel power.The leakage from a duct must, therefore, be reliably estimated in order to assess the effectiveness and construction of the system; assess the effectiveness of the maintenance or repair of the duct; appreciate the cost of the leakage, and therefore apply effective maintenance and installation procedures; and engineer safer, healthier and more cost-effective ventilation systems."

Jan 1, 2002

By Glenn D. Lyle

As part of an initiative to improve value in mining, CEMI is developing a handbook on best practice in mine design. Various formats were examined, and of these, the wiki was selected as being most suitable. Being web-based, its global reach and capability of being continuously updated allows the wiki to evolve as new knowledge is generated, and to capture the diversity of experience of practitioners in the mining industry. While wikis have many advantages in terms of organizing content and searching, their ability to be edited by users is often seen as a negative characteristic for quality control. To ensure reliability of information content, author attribution, specific authorship models, and a peer review process have been implemented, in addition to the standard version tracking capability of wikis. The first phase of the project concentrates on topics related to underground hard rock mine design. The scope will be expanded to cover other aspects of mining as the project matures. Strategic partnerships with various organizations, such as the CIM, and CANMET, are being formed to provide a wide range of seed material to stimulate growth of the site. www.minedesignwiki.org

May 1, 2011

By P. Favreau

"This paper describes the progress accomplished at the Noranda Technology Centre in the field of three-dimensional computer-aided underground blast design. Traditional methods of laying out underground blasts are reviewed, and the new computer-aided approach is described. Time savings achieved through the use of BLASTCAD can be advantageously used to better engineer blasts, using models and blast vibration analysis. Future work involving the attachment of blast models directly to the system is also addressed.IntroductionThe Noranda Technology Centre's (NTC) Environment and Mining Laboratory, in cooperation with the mining operations of the Noranda Group, is committed to the development and implementation of new technologies in the field of mineral extraction . Within the frame of its research program, the Blasting Technology Program is developing computer "" tools"" designed to assist the blasting engineer or technician. These computer "" tools"" are regrouped under a global software system called BLASTCAD.The BLASTCAD project started in 1990 at NTC. At that time computer programs designed to calculate and model various blasting parameters had been accumulated. These programs cam e from different sources and were mutually incompatible. Furthermore, they were developed as research programs with tittle effort spent on user interface. These programs are very useful, but are highly specialized, need large input files and can be quite tedious to use as ""standalone"" packages .Therefore, the situation being faced was one where all these programs were available at the Noranda Technology Centre, but not a t the operations. The two following options were then considered: 1. continue to run all the models and programs at the Noranda Technology Centre, and present results through reports to the mines, or2. regroup all the different programs under a single one that would make them share the same data base and be transported to the user. This second option is the one that was adopted; the result is BLASTCAD."

Jan 1, 1993

By Leslie F. Sawatsky

Each potential oil sands developer deals with the question of optional sources of raw water to supply large water demands that range from 50 to 80 million cubic metres per year for each of six existing and planned developments. The Athabasca River currently supplies nearly all of the water to the existing mines via conventional bank intakes, which has resulted in some concern over the effects of reduced river flows. This paper describes the various water supply options, and the likely scenario for future oil sands water supply projects. Various water supply options have been suggested including Athabasca River water via infiltration galleries, groundwater, combined Athabasca River water and alluvial groundwater using wells (i.e. bank filtration systems), diversion of tributary rivers, utilization of large lakes in the region and pumping from other large rivers in the region. Investigations show that the size of river catchment needed to support raw water usage by a typical oil sands mines exceeds 5,000 km2 eliminating all tributary rivers that are located in the oil sands region except those rivers with large drainage areas like Firebag and MacKay Rivers. Lakes cannot be used as a source of supply due to large water deficits for smaller lakes and the large cost of sourcing water from a lake as large as Lake Athabasca. A groundwater source alone would not likely meet the large water demands. River intakes on the Athabasca River will likely continue to be the most practical water supply option for oil sands mines north of Fort McMurray, although various types of Athabasca River intakes are possible. Existing intake systems include screened riverbank intakes, forebay intakes, and river bottom intakes. Infiltration galleries are not feasible for most sites, though some bank-filtration-type systems using high capacity wells may be an option if there is sufficient thickness of high-permeability alluvium at a suitable location in the Athabasca River valley.

May 1, 2004