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By H. J. Oterdoom

SMS Group (SMSG) has always been concerned about safety aspects of electric smelter plants for the ferro-alloy and non-ferrous industry. The awareness for safety increased significantly over the past decades and also SMSG contributed with its design features to a safer operation. Today, safety aspects are not only part of the smelter design but also of the overall plant layout. Explosions in electric smelters are rare, but have a huge impact on peoples’ lives, on equipment and on production. For this reason, SMSG wanted to have a better overview of explosions within the smelting industry in order to see if useful statistics could be extracted. Generally, there is a lack of statistics regarding explosions in the electric smelting industry, and not enough information is collected or published. A significant portion of the explosions seems to be water related. Many companies, both operating and engineering, are trying to handle the risks of water, and apply methods to detect water leakages. Installing such a system is a management decision and management has then to make sure the system is properly implemented. The disadvantages and limitations of these systems should be carefully considered and communicated to operators and authorities.

Jan 1, 2015

By Claude A. Jr. Seger

Introduction This paper presents in detailed form the results of settling tests that were published in a few preliminary notes in the April 1949 issue of the Bulletin (p. 166). Carborel is the trade name for sodium carboxymethyl-cellulose and aluminium carboxymethyl-cellulose produced by the reaction of monochloroacetic acid on the alkali cellulose to form an ether. The water-soluble sodium carboxymethyl-cellulose has been known in Europe for several years as sodium cellulose glycolate and has been marketed under several trade names. These cellulose ethers, however, are relatively new in North America, where the name carboxymethyl-cellulose is often abbreviated to C.M.C., or they are referred to as cellulose gum. The particular grade of Carboxel used in the settling tests in the mill of Chesterville Mines, Limited, is the high-viscosity sodium carboxymethyl- cellulose known as Carboxel H.V. It is a white, fluffy powder and is hygroscopic, although not deliquescent. Carboxel solutions in water are colourless, odourless, and resistant to beat and light. They are stable to alkalies, but are precipitated by acids when the pH is reduced below 4.0, and also by solutions of soluble lead, iron, copper, aluminium, and chromium salts. Solutions of Carboxel exhibit the properties of hydrophilic colloids.

Jan 1, 1949

By K. H. Concannon, K. I. Hindle

"The use of simulation modeling in the primary metals industry (including mining, smelting, and metals processing) is expanding as significant cost-benefits can be realized by companies employing capital intensive processes. The economic scale and complexity of operations found in this industry is well-suited to applications using this ""what-if' computer modeling technique, ranging from proof-of-concept projects to testing facility design or configuration, and determining resource requirements. More recently this technique is being used to support on-going planning and scheduling for operations using the simulation as the engine to derive the best schedule. With increased computer processing capability, deterministic models are now being developed to capture the workings of a production system or conversion process, allowing real-time monitoring and scheduling of these operations. This paper presents a sample of some recent discrete-event simulation modeling applications that demonstrate the capability and benefits of this technique in the primary metals industry. These include the use of simulation to support the long-range planning of underground mining operations; the modeling of a metals supply chain network that employs a multi-modal distribution system; the scheduling of a metals coil finishing process using a deterministic simulation model; and a more detailed description of the use of simulation to model furnace and converter aisle activities within a smelter operation in Northern Canada."

Jan 1, 2007

By M. Laframboise, M. Buarzaiga

High-pressure acid leaching (HPAL) of nickel laterites has received considerable attention in recent years. High paymetals extraction, good selectivity, and advances in pressure hydrometallurgical technology are some of the reasons for this interest. Falconbridge Limited (Sudbury. Ontario) investigated the HPAL process using both fresh water and seawater for ore processing. The use of seawater resulted in a chloride concentration of 7.8 g/L in the autoclave feed. A test program was developed to study the effect of process water and leach temperature on the leaching behaviour of different ore compositions from the Koniambo deposit in New Caledonia. The work showed that salinity has a major effect on autoclave chemistry. This paper explores the results.

Jan 1, 2004

By A. G. B. Hayes, C. L. Renzoni

"AbstractThis paper provides a rough outline of economic expectations for the near future and then goes on to discuss their effect on the expected demand for metals, using zinc, copper, nickel and aluminum as detailed examples.IntroductionMINING, as you are all painfully aware, is a cyclical business. We believe that it will remain so as long as there are economic cycles.The fortunes of the industry are tied to those sectors of the economy where decisions can be postponed until more favourable times: automobiles, housing, appliances, inventory building and capital spending. Over the past two years, while U.S. GNP fell by 3.8%, automobile production declined by 31 %, from 9.7 million units in 1973 to 6.7 million in 1975. Housing starts plummeted some 43% from 2.1 million units in 1973 to 1.2 million in 1975. Little wonder that U.S. copper consumption fell by 37% and zinc consumption by 38% over the same period.With the rest of the world's economies moving in unison with that of the United States, it is also not surprising that times have been tough for mining.Arthur Burns, chairman of the U.S. Federal Reserve, contends that each recession sows the seeds of its own recovery. The worse the recession, the better the subsequent recovery. If this is true, then the lot of the mining industry should improve significantly over the next two to three years."

Jan 1, 1977

Orebodies of the Renison Bell - Mt. Bischoff tinfield in Tasmania are stratabound, conformable lenses of massive cassiterite-bearing pyrrhotite, with underlying discordant, fault-fracture-controlled and more siliceous ore. The deposits occur in eugeosynclinal, trough-deposited sedimentary and mafic volcanic rocks which are stratigraphically equivalent to diff erentiated volcanic rocks that contain volcanogenic massive base metal sulphide deposits in a parallel arc to the east. Textures of the massive pyrrhotite ore suggest that it has undergone metamorphic recrystallization. Although the massive ore contains both monoclinic and hexagonal pyrrhotite, a study of a few samples from one orebody suggests that their distribution is stratigraphically controlled, with the monoclinic variety abundant only at the base. The distribution pattern of rare-earth elements in massive ore is similar to that of volcanogenic massive base metal sulphides in New Brunswick, and suggests that mixing of sea water with exhalative hydrothermal brines occurred during ore deposition. Tin is a common accessory element in many volcanogenic massive base metal sulphide deposits providing strong evidence that it, too, is transported and deposited by volcanic affiliated hydrothermal brines. Sedimentary rocks containing the massive orebodies are fine grained, thinly laminated, compositionally banded and of mixed chemical sedimentary-tuffaceous origin. They include finely recrystallized chert, carbonate-rich and pyritic varieties; and soft sediment deformation structures in these rocks suggest that dense sulphides deformed underlying, less dense chert prior to lithification. Close to ore the chert becomes massive and coarsely recrystallized, as does the carbonate, which is here strongly enriched in Fe and Mn. Apatite is present in pyritic, cherty and carbonate-rich beds and in the ore itself, in all of which it shows a similar pattern of rare-earth element distribution, suggesting that it is of marine sedimentary origin. These deposits have traditionally been considered as epigenetic replacements of favourable carbonate horizons by hydro thermal flu ids derived from later Devonian porphyritic intrusions. Some of these intrusions have associated tinbearing greisens. The above relationships suggest, alternatively, that, like massive base metal sulphides, the tin deposits were of original syn-sedimentary origin. Circulating hydrothermal brines generated during early Cambrian eugeosynclinal subsidence and tectonism rose through steep fault-fractures, there giving rise to the discordant orebodies, and were discharged on the sea floor, where the massive pyrrhotite lenses were precipitated with the associated cherts and carbonates. In some places, Devonian intrusions remobilized the earlier deposits, forming greisens and newepigenetic veins. Finally , the geologic selling of these deposits, in trough deposited sedimentary and mafic volcanic rocks, suggests another favourable environment for massive sulphide exploration which is quite different from the domal felsic volcanic environment so heavily favoured currently in North America

Jan 1, 1979

By Peter A. Hacquebard

Recent drilling programs have shown that the in-situ coal resources of Nova Scotia are very substantial. The grand totals of the measured, indicated and inferred categories amount to 232 m, 646m and 993 m tons, respectively. This vast quantity of coal occurs essentially in five main fields: Sydney, Mabou, Port Hood, Pictou and Springhill. The largest resources (84% of the total) occur in the submarine area of the Sydney coalfield. With a 65% recovery rate, there are at present 150m tons of proven, recoverable coal in Nova Scotia. At a predicted maximum annual production of 5 m tons, this amount equals a lifespan of 30 years. However, additional drilling, particularly in the Sydney offshore area, holds promise of increasing the recoverable reserve tonnage to at least 350 m tons. This figure may be compared with the 484 m tons production obtained during 191 years of mining (from 1785-1976). The geological appraisal of the remaining coal resources in the five fields mentioned is presented in three-dimensional diagrams, per individual seam and corresponding reserve area. In addition, the submarine extensions of the Sydney and Mabou coalfields are discussed in light of results obtained from off shore oil exploration wells. The terminology and standards of coal resource calculations are pointed out, and the phenomenon of seam splitting and its prediction from geological data is illustrated. The availability in Nova Scotia of either thermal or metallurgical coal is considered in relation to rank and sulphur content. This paper was presented in June 1977 at the 90th Annual Meeting of the Mining Society of Nova Scotia. The coal resource estimates, however, have been updated to include the results obtained with the offshore drilling in the Sydney Coalfield to November 1977.

Jan 1, 1979

By W. H. Gauvin, N. J. Themelis

I N ADDITION to its practical importance in the beneficiation of iron ores and in direct-iron processes, the study of the reduction of iron oxides involves many aspects of challenging theoretical interest. The complexity of the reduction process combined with the fact that under different experimental conditions the controlling stage for the reaction may not necessarily be the same, has led experimenters in this field to a wide diversity of opinion regarding the reaction mecl1anism. As a rule, each investigation has been restricted to the study of one or two variables over a comparative]~• narrow range of experimental conditions, and consequently, it be-comes necessary to examine the significance of each published work in the light of the results of other experimenters in the field.

Jan 1, 1962

By Robb. V. M., F. Walraven, L. J. Robb

"Abstract -The old Albert Silver Mine is a polymetallic deposit comprising concentrations of Cu­ Pb-Zn-Ag-U-F within a set of sub-parallel quartz-hematite veins which occur within the fine-grained apical phase of the 2050 Ma old A-type Bushveld granites. Mineralization occurs as an early pyrite­ chalcopyrite-arsenopyrite-galena-sphalerite-(argentiferous) tetrahedrite paragenesis followed by a later, more oxidized assemblage comprising chlorite-hematite-fluorite-pitchblende. Accumulation of metals appears to have taken place at the interface between a coarse-grained porphyritic granite and an overlying fine-grained phase: veins occur in the latter and represent leakage of magmatic fluids from the differentiated, water-saturated, subjacent granite.Mineralization processes in the Bushveld granites are believed to be related to long-lived circulation of dominantly magmatic fluids stimulated by the high heat productive capacity of the host rocks. Endo- and exogranitic tin-tungsten and base metal mineralization formed during an evolving hydrothermal system that lasted for several hundred million years, forming innumerable small- to medium­ scale polymetallic deposits. At the Albert Silver Mine, unroofing of the cover sequences at circa 1600 Mato 1700 Ma resulted in the incursion of lower-temperature, high-f02 meteoric fluids which remobilized the earlier sulfides and introduced the paragenetically late U-F mineralization ."

Jan 1, 1994

By M. D. Vance, G. R. Corbett, S. D. Butt

Surface wave imaging is a relatively new seismic technique that generates subsurface depth images without having to drill boreholes into the ground, and is rapidly becoming a standard tool in non-destructive geotechnical characterization. This paper presents a case study of the application of these surface wave techniques to image shallow abandoned mine workings at the Montague Gold Mines district near Dartmouth, Nova Scotia. This district has numerous steeply dipping narrow vein workings from historical mining activity, and has actively subsiding and collapsing crown pillars. Due to the rugged conditions at the site and the relative narrowness of the openings (often less than 1 m), a surface seismic system was developed that had improved portability and lateral resolution over other available seismic imaging systems. Seismic surveys were conducted over two sites where independent evidence indicated the presence of shallow mine workings. At one site, a comparative gravity survey was also conducted. The seismic data was processed to generate velocity vs depth images. Overall, the velocity images show vertical zones of zero velocity in the same lateral positions where historical mapping, current subsidence and gravity surveys indicate the presence of steeply dipping workings. Further, the velocity sections are consistent with the thickness of the till cover at each site and the possible weakening of crown pillars at one of the sites.

Jan 1, 2005

By M. H. Pelley

To increase drill fleet capacity and meet increased ore demands at its Carol Lake Project, the Iron Ore Company of Canada initiated a program in 1975 to convert the Gardner-Denver 120 and Bucyrus-Erie 60-R rotary drill fleet from 12 1/4-inch-diameter multi-pass drilling to 15-inch-diameter single-pass drilling. This paper will examine briefly the conversion program , including some tests and results, and examine how the utilization of the 15-inch-diameter blast-holes, coordinated by a comprehensive drilling and blasting program, has improved the drilling, blasting and drilling-plus-blasting aspects of the mine operations, from both economic and operational viewpoints.

Jan 1, 1978

By F. C. Lendrum

Introduction The property of Normetal Mining Corporation is in Desmeloizes township, Quebec, twelve miles north of Dupuy on the main line of the Canadian National railway from Quebec city co Cochrane, Ontario. The ore bodies occur within a band of highly sheared and sericitized agglomerate which strikes N.60°W. and clips 82° north. Along a zone 1,000 feet or more in length and of variable width, the agglomerate has been replaced by copper, zinc, and iron sulphides, with copper usually predominant on the hanging-wall side and pyrite replaced in part by sphalerite on the footwall. A northsouth diabase dyke cuts through the ore zone near its east end. The Normetal mill produces a copper concentrate and a zinc concentrate which are shipped, respectively, to Noranda, Que., and Newcastle, Penn., U.S.A., for further treatment. The present paper deals with the milling of ore from what is known as No. 3 orebody. This is a lenticular body of high-zinc ore lying co the east of the diabase dyke, along the line of strike of the main ore zone, which extends westward from the dyke. On its northern side, No. 3 orebody is in contact along most of its length with a narrow band of copper ore which is highly oxidized.

Jan 1, 1948

By Charles G. Kemsley

MR. C. R. WHITTEMORE: It is interesting to note that the mining industry is making increased use of alloy steels for drilling. They will undoubtedly lead to greater footage at lesser cost. Mr. Kemsley states that, for use in hard ground, the shanks are brought to a hardness of 435 to 440 Brinell by heating them to approximately l,800°F. It seems to me that this temperature is excessively high-it is considerably above the critical point of the steel. The only effect of such a high temperature is to lessen considerably the impact resistance of the steel. The possibilities of an oil quench, followed by a tempering draw which does not lessen the hardness of the steel too much but increases its toughness, might well repay further study; also the temperature control, a factor which depends on the composition of the steel. However, service results are undoubtedly the best criterion of practice. MR. KEMSLEY: I would like to point out that the steel is not quenched at 1,800°F. After heating to this temperature, it is laid aside to cool gradually; this high temperature is necessary to produce the required hardness by simple normalizing-cooling in still air. We all know that ideal conditions for hardening steel demand salt baths and furnaces with automatic temperature control, but for most companies the cost of such equipment having sufficient output capacity is prohibitive. The end we are trying to attain is to make good drills at a cost that will be within the means of any mine.

Jan 1, 1942

By Ben Burger

This paper describes the design, the first three years of operation and optimization of a large, single stage SAG mill at Minera Yanacocha?s Gold Mill facility located in northern Peru. The Gold Mill was commissioned in March 2008 with a 32? x 32? EGL, 16.5MW single stage SAG mill, to process 5 million tonnes per annum high grade oxide Au/Ag ore. Operational control, feed size distribution, grinding media, mill liner, grate and pulp lifter optimisation have allowed the mill to operate 15-30% above design throughput rates, but with a product P80 coarser than design. As part of the optimization, full grinding circuit surveys were conducted. Historical operating data and survey data were analyzed and used to evaluate possible circuit changes and determine alternative operating strategies. A number of changes were implemented which allowed the SAG mill to operate similarly to a large ball mill and achieve finer mill product that was closer to design. This paper summarizes life to date data analysis and improvements made by Minera Yanacocha as well as the grinding circuit optimisation study conducted by Metso Process Technology and Innovation.

Jan 1, 2012

By H. J. McQueen

Mineral and energy resource consumption were continuously reduced by process improvements as chemical understanding was developed and applied. During the past two centuries, technological improvements increased human productivity that was accompanied by social advances and labour saving products; however, these sometimes proliferated to endanger sustainability, e.g., automobiles. In the steel industry, precisely controlled rolling of HSLA steels required little extra mineral consumption but reduced weight and heat-treating energy. Continuous casting of slabs reduced scrap compared to ingots and energy for the homogenizing soaking pit. Al alloy extrusions were improved by retaining the strengthening in the near-surface substructure, of high strength textures and of press quenching that is suitable for direct age hardening. Continuous bar casting of Al-0.65Fe, coupled with rod rolling and followed by wire drawing with only a final recovery anneal, yielded electrical wiring for households to replace less plentiful Cu and later for light-weighting use in autos and aircraft Looking backwards, the 1970 decade saw the first oil crisis and inspired Ottawa to undertake a campaign to develop an energy strategy that would decrease dependence on imported fuels. One significant undertaking under Energy Mines and Resources was the organization of industrial energy conservation, managed by each industry association,that collected detailed current statistics and set the goals for a 2-year campaign. The metal producing industries, as compared by E.C.N. Perryman to about 7.2 exajoules (EJ) for the nation, consumed about 0.8 EJ, being about one third of all heavy industries. While manufacturing consumed 30.2% of total energy, it created 87.3% of total national dollar value. Within the industrial envelope, smelting and refining utilized 28% (0.67 EJ, mining beneficiation 6.7%, 0.16 EJ); there was a significant contribution to exports: 80% of iron ore and 70% of aluminium in 1973. A general concern was that decreases in ore grade would lead to a rise in energy expenditures countering benefits from processing efficiency.

Jan 1, 2012

By R. Barbaroux, J. -M. Lalancette, D. Lemieux, K. Nasrallah, G. Garcia Curiel

"Arsenic released from the lithosphere by mining and metallurgical activities is a growing global environmental concern. Dundee sustainable technologies (“DST”) has developed a processing technology to sequester arsenic by means of vitrification. This method can effectively sequester arsenic trioxide without the need to oxidize from As (III) to As (V). Arsenic oxide is incorporated within a silica glass matrix that is stable as per the Toxicity Leaching Characteristic Procedure (“TCLP”) or EPA Method 1311. In this paper, the conventional treatment of arsenopyrite, commonly referred to as “two-stage roasting”, is discussed along with the options traditionally available for the remediation of the arsenic trioxide by-product. The drawbacks limiting the adoption of this processing flowsheet are discussed and a new processing route is presented for the treatment of arsenopyrite. This new flowsheet outputs an auriferous aluminosilicate highly amenable to gold extraction (> 96%) while eliminating the sulfur dioxide production associated with the second-stage roasting of pyrrhotite and ultimately uses vitrification as a definitive sequestration solution to arsenic trioxide.INTRODUCTION Faced with the depletion of conventional gold ores, the gold industry has witnessed a trend towards the exploitation of arsenical deposits. Arsenic is a naturally occurring metalloid often found in mineralogical association with gold. Many northern Canadian regions, from the Northwest Territories to Northern Manitoba, Northern Ontario and the Abitibi region are facing significant arsenic challenges. Projects are deemed uneconomic or prevented from going into operations due to the costs associated with handling arsenic material and there are penalties imposed to complex concentrates by smelters. In addition, Canadian mining operations have left an environmental legacy of gold tailings with grades typically of up to 9 grams per tonne with no processing solution as they also contain significant arsenic contamination at grades of up to 20%. Table 1 presents a list of Canadian deposits known to contain arsenic."

Jan 1, 2017

By P. Lafleur

All indications point to a growing market for thermal coal in Japan as part of the country's current energy policy formulation process. The Ministry of International Trade and Industry forecasts imports of 16 million tons a year in 1985 and 40 million tons in 1990-a twenty-fold and forty-fold increase over the present level. This potential reflects Japan's over-all serious and increasing concern for security of energy supplies and its resultant need to seek alternative sources. Nuclear power will be the main alternative source, but, because it is expected that its development will be slow, imported thermal coal will assume greater importance. Canada, with large resources of all types of coal, could fill a portion of this market. Thermal coal could come from specific thermal coal developments or from metallurgical coal mines, which usually produce a certain amount of coal not amenable to coking, but suitable for power purposes. However, penetration of this Japanese market by Canadian thermal coal will depend on the resolution of a number of problems. On the demand side, siting, environmental aspects, the need for a coal unloading and trans-shipment centre, and the added cost of installing coal-fired stations could be major constraints. Although Canada has ample high-quality resources, any new development tied to the Japanese market will require improvement in prices to cover the high costs associated with transportation, the construction of new mines and the provision of new infrastructure.

Jan 1, 1979

By Stanley G. Butcher

"Introduction Many operators in western Canada, with a background in the minerals industry, talk of ""coal beneficiation"", whereas the coal industry generally uses the term ""coal preparation"" . The sophisticated cleaning circuits and thermal drying units found in western Canada makes the term beneficiation particularly appropriate. This chapter uses standard coal preparation terminology(l,2J and assumes general knowledge of coal preparation unit processes and equipment(3,4,5). The geologic setting and mining methods of western Canada, described elsewhere in this volume, present for preparation run-of-mine coals which have particular problems. As a result the cost of preparation is a higher proportion of the total minesite production costs than in other coal fields . Preparation requirements are determined by the types of coals being produced and the markets in which they are sold. Western Canadian coals have a low sulphur content and do not require cleaning on this account. Prepared coal from western Canada has to be shipped vast distances -to the Pacific Rim countries and Ontario in particular -and the savings in transport costs justify the high costs of preparation. Factors which dictate selection and operation of the preparation processes are: i) Market specifications and coal rank. ii) Size distribution of particles and particularly the liability of coal and refuse particles to degrade during handling and processing. iii) Quantity and characteristics of the associated refuse. iv) Washability characteristics (the distribution of particles by specific gravity within each size fraction). v) Surface characteristics of the fines. vi) Variability of the raw coal. Where the product (coal or discard) has a high fines content special consideration must be given to dewatering, the removal of surface moisture, to give acceptable handle ability characteristics. In the severe winter climate of the western foothills and mountains thermal drying is necessary to prevent freezing of washed coal in stockpiles and railcars."

Jan 1, 1985

By D J. Murray

This paper outlines the principles of friction hoisting and the components involved, and gives a description of a specific mine hoist. Friction hoisting is compared with conventional drum hoisting, and the depth of shaft at which friction hoists become more economical than drum hoists, with respect to power consumption, is determined. Introduction T HE purpose of this paper is to outline the principles of friction hoisting, to describe the components and to show the advantages of multi-rope friction hoisting. Some calculations are made to show that the power requirements and the initial costs of friction hoists are less than those of conventional drum hoists, once a certain depth of shaft has been reached. The use of multi-rope friction hoists is gradually superseding the employment of the conventional drum hoist in many parts of the world. It results in heavier payloads from deeper levels, an increase in shaft safe-ty and a more compact installation for protection against adverse weather conditions. It was observed that where drums and friction sheaves exceeded 30 feet in diameter, a number of mechanical disadvantages were being experienced;

Jan 1, 1965

By H. R. Bullis

"A 2003 paper discussed the idea that as gold mining companies grow larger it becomes more difficult for them to discover or acquire new gold deposits large enough to replace extracted reserves on an annual basis. Deposits of the size required to replace annual production of very large gold producers (VLGPs) are statistically few. An update in 2005 reviewed VLGPs with respect to production, reserves, and reserve life and observed recent changes in the gold mining industry. Now, more than 12 years later, this paper explores how those VLGPs have fared and how the gold mining industry has changed. KEYWORDS Gold, Gold price, Production, Reserves, Very large gold producer (VLGP) RÉSUMÉ Un article de 2003 examinait le concept selon lequel, à mesure que les sociétés d’exploitation aurifère se développent, il leur devient de plus en plus difficile de découvrir ou d’acquérir de nouveaux gisements aurifères suffisamment grands pour remplacer les réserves qu’elles extraient annuellement. Statistiquement, il existe très peu de gisements de la taille requise pour remplacer la production annuelle des très gros producteurs d’or. Une mise à jour de l’article en 2005 se penchait sur la production, les réserves et la durée de vie des réserves des très gros producteurs d’or ; elle portait sur les récents chan¬gements au sein de l’industrie de l’exploitation aurifère. Aujourd’hui, plus de 12 années plus tard, cet article explore l’évolution et les résultats de ces très gros producteurs d’or, ainsi que les changements qu’a connu l’industrie de l’exploitation aurifère. MOTS CLÉS or, prix de l’or, production, réserves, très gros producteurs d’orINTRODUCTION In 2005, the world’s top five gold producing companies were Barrick (after purchasing Placer Dome; 9.1 million ounces; Barrick Gold Corporation, 2005; Placer Dome, 2005), Newmont (8.2 million ounces; Newmont Mining Corporation, 2005), AngloGold Ashanti (6.2 million ounces; AngloGold Ashanti Limited, 2005), Gold Fields (4.2 million ounces; Gold Fields Limited, 2005), and Harmony Gold (3.0 million ounces; Harmony Gold Mining Company Limited, 2005). During the years leading up to that point, there had been a flurry of activity in the gold sector directed at consolidating production and reserves to create very large gold producers (VLGPs). As defined in Bullis (2005), a VLGP is a mining company whose primary busi¬ness is gold production and that has annual gold production more than 5 million ounces. A stated corporate goal of several of the VLGPs at the time was to become the largest gold producing company in the world."

Jan 1, 2019