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The theme of the conference this year is diversification. One way to diversify is through acquisition. The principle underlying the winner's curse is that in competitive bidding situations where the value of the asset bid for is uncertain the winning bid will overstate the true value of the asset. The successful bidder is blessed with the winner's curse. What this paper will explore is to what extent this is true; how acquirers can avoid being blessed with the winners curse; and show how joint venture deal structures are used within the mining industry to avoid the winners curse.

Jan 1, 1996

By Doug Williams, Kent J. McGrew, Dr. Jack Murphy

For some time, selenate has eluded water treatment by conven­tional means such as precipitation and clarification. This has been due to the nearly universal solubility of all oxidized sele­nium species, the low levels required for surface discharge, and almost identical chemical behavior to all forms of oxidized sul­fur. The last characteristic makes selenate particularly difficult to deal with in acid mine waters where sulfate can easily be on the order of one gram per liter. Approaches such as ion exchange or reverse osmosis often tum into total demineraliza­tion schemes for the sake of removing a "trace" selenium species that may be present on the order of 108 sulfate/selenate. Reduction of selenate to selenite or elemental selenium by chemical means has been relatively unresearched. Some limit­ed success has been reported (Murphy, 1988) using ferrous hydroxide as a reducing agent; however, the reaction time as reported is too slow to be useful in a practical plant design. One significant difference between selenate and sulfate is that selenate has been discovered to be reducible in acid solution by elemental iron when catalyzed by soluble copper. Since the +4 or zero valence states of selenium are rather easy to deal with by coprecipitation with iron salts or alum, the elemental iron dis­solved in the process contributes to the overall process by pro­viding sludge upon raising the pH that can be separated by con­ventional clarification. Commercial production of selenium using copper catalyzed reduction of selenite to selenium metal via sulfur dioxide is well established, however, at the < 5 ppb requirements for surface discharge this reduction process equili­brates at levels far too high to be useful to low level selenate removal criteria. The reaction reported herein uses elemental iron for reduction of selenate with copper acting either as a cata­lyst or as a coprecipitation agent. This method, employed with conventional sludging, clarification and filtration can provide an economic method to achieve non detectable selenium (< 0.005 mg/I). Iron consumptions for the conditions tested have been on the order of 3 lbs/1,000 gallons treated. This represents as little as $0.06 or $2.00 per 1,000 gallons based on using a scrap source of iron or the purchase of electrolytic iron for the process.

Jan 1, 1996

By Paul D. Chamberlin

In the author's selenium report of 1994 (1), the literature was culled for selenium removal technologies that had a chance of producing effluents with <10 ppb of total selenium. Very few processes could achieve such low concentrations. The EPA dictates such low concentrations. Discharges to fishery waters must be <5 ppb total selenium. The federal max­imum contaminant level ( MCL) for drinking water is 50 ppb. The EPA regulations are for total selenium, not for the species, perhaps because an approved EPA assay method is atomic absorption and it cannot distinguish between species.

Jan 1, 1996

By Peter Mason, Chris Walker, Mike Costello

The Phase I electrowinning system at KCGM's Fimiston Operation utilised the well proven technology of electrowinning precious metal values onto steel wool followed by calcining and direct smelting to bullion. The above process, while reliable and successful, was to some extent labour intensive. The Williams Mine in Ontario, Canada had published conditions under which precious metal values are electrowon onto woven stainless steel and directly removed using high pressure sprays. The current paper describes the testwork which was carried out to check the applicability of the Williams criteria to KCGM eluates arising from the elution of highly loaded carbon from the calcine circuit and lowly loaded carbon from the float tails circuit. Information is also given on the commissioning and opera­tional experience which occurred.

Jan 1, 1996

By Shawn Healey

The Mineral Hill Mine, owned and operated by TVX Gold Inc., is located in the Beartooth Mountains, 5 miles north of Gardiner Montana, U.S.A., which is the north entrance of Yellowstone National Park. Mining is carried out underground using ramp attack cut and fill as well as room and pillar mining. The mine currently employs approximately 145 people and is producing 550 tons per day at a grade of around .21 oz/ton.

Jan 1, 1996

By E. J. Rogans, W. N. Cartner

Carbon technology has largely superseded filtration plants as the more acceptable gold recovery technology. This has, over the last two decades, provided a tremendous driving force for the development of new equipment. One of the main focus areas of this technological development is the development of effi­cient interstage screening systems. Several variations of exter­nal and internal screens are available, with the more recent shift away from air cleaned units to mechanically swept units. This paper discusses the development of one such mechanically swept interstage screen and how the development led to the suc­cessful implementation of a carousel type of CIP operation. The first generation Pump-cell emerged as a consequence of the success achieved with the mechanically swept NKM screen, The idea was to modify the screen to incorporate the functions of pumping, screening and agitation in a single drive unit, the screen generating sufficient lift for interstage slurry flow so that all contactors would be at the same level. This sys­tem was further incorporated as a high intensity modular CIP contactor, i.e. low slurry residence times combined with high carbon concentrations. A discussion on the kinetic gold adsorp­tion theory and its manipulation in the design of the pump-cell concept is discussed in a paper published in a previous Randol Conference< 1), Testwork carried out at Vaal Reefs proved the concept of the Pump-cell on a pilot plant scale<2), which resulted in the building in 1990 of the first large Pump-cell plant at West Witwatersrand Gold Mine designed to treat 340m3 of pulp per hour and , even though the plant operated successfully with respect to gold recovery performance, a few problems were experienced with the basic engineering design(3),

Jan 1, 1996

By Douglas R. Shaw

The results are discussed herein of laboratory and pilot scale research which has demonstrated some exciting prospects for the exploitation of refractory gold resources by heap leaching. The research examined practical and cost effective methods of chemical; i.e., non-biological, oxidation pretreatment of refrac­ tory old ores to enable successful conventional cyanide heap leachmg. The work has focused on regenerable chemicals, in order to minimize process consumable costs. A nitric acid method has emerged which offers rapid oxidation rates (eg, 0.5 to 6 hours) on ore samples crushed typically to% to ¾-inch. Gold recoveries in simulated heap leaching tests, after nitric acid oxidation of crushed ores, were as high as approximately 80 to over 90%, in contrast, typically, to negligible gold solu­bilities without oxidation. Nitric acid oxidation was effective when applied to several sulfide-bearing refractory gold ores which required either partial or essentially complete sulfide sul­fur conversion for high gold solubilities in cyanide. Ores rich in organic preg-robbing matter also were treated successfully, as were ores which contain significant quantities of acid-consum­ing constituents. Base metals also were recovered with nitric acid oxidation from some of the ores which contain these ele­ments. The work related oxidation and solution diffusion behav­iors and the important physical, textural, and mineralogical characteristics of the different ore types. Conceptual-level feasi­bility studies have defined the principal capital and operating cost components of the nitric acid method, sufficient to allow reliable comparisons with other oxidative technologies.

Jan 1, 1996

By Daniel W. Kappes

The 1.8 million tonne Itos tailings deposit is the result of sever­al years of processing by Comibol of the San Jose and ltos Mine ores at Oruro Bolivia. The historic flowsheet consisted of a flotation circuit in which silver-bearing galena and stibnite were concentrated. Approximately half the silver in the ore was not recovered, and the existing tailings contain slightly over 200 grams silver per tonne, in the form of complex sulfides of silver, antimony, lead, and other metals coating grains of pyrite. An extensive laboratory program was conducted to exam­ine conventional processing l)lethods such as cyanide leaching and regrinding followed by flotation. However, the silver-bear­ing sulfides are in intimate contact with the pyrite and the pyrite comprises 30% of the total tailings weight. Cyanide leaching recovers only 40% of the silver and the cyanide consumption is uneconomically high. Flotation produces an upgraded, but still uneconomic, concentrate. For this reason, chloride leaching had been evaluated by Comibol, and in the mid 1980's Comibol undertook an innova­tive test consisting of two 300 tonne field heap leaches using a cold chloride solution. The tests were partially successful, but could not be applied to the bulk of the tailings which are already ground to 50% minus 200 mesh. In 1992, Kappes, Cassiday & Associates undertook to develop a hot agitated chloride leach flowsheet, and is current­ly constructing a treatment plant under a turnkey contract from a Bolivian company, Baremsa, S.A. Using this process, 85% of the remaining silver can be recovered, with significant by-prod­uct credits from antimony and lead. The project features hot, agitated acidic chloride leaching, filtration, crystallization of lead chloride, and precipitation of metals using iron scrap. Arsenic is removed from the precipitate by caustic leaching, and minor metals by furnace refining. Antimony is recovered as the oxide by cupelation, and silver is poured as <lore from the cupel. Production rate will be 600 tonnes per day. Startup is scheduled for late 1995.

Jan 1, 1996

By Gregory Owen Lewis, Mark William Johns

The use of resin-in-pulp (RIP) to recover dissolved metal ions from slurries is receiving increasing attention. A number of engineering aspects have been identified as crucial if a RIP sys­tem is to operate efficiently. These are the mixing of the resin and pulp, the transportation of the resin and pulp and the sepa­ration of the resin from the pulp medium. Evaluation of numer­ous alternatives revealed that air agitation is the most suitable means of mixing to effect uniform distribution of the adsorbent and to effect a high mass transfer rate, airlift pumps are the most effective method of transporting the slurry particularly as they are characterized by a low degree of resin degradation and sieve bends are the most suited means of effecting the resin/pulp sep­aration. This paper details the design of the reactor that incorporates the three identified unit operations and presents data obtained from the contactor when operated at a throughput of I 00 000 t/m. The airlift pump was found to be sensitive to pulp density and submergence ratio. The screening ability of the sieve bend was influenced by resin and the pulp density . The reactor is a cost effective, metallurgically efficient unit for the recovery of metal ions from high density slurries.

Jan 1, 1996

By G. A. Plakhin, A. V. Luganov, V. A. Luganov, G. V. Gorbatenko

In order to extract gold from the complex sulphur-arsenic bear­ing raw materials and to remove arsenic and sulphur from the process in an ecologically safe form we have studied oxidizing roasting of highly arsenic gold bearing concentrates with soda, leaching of cinders, processing of the obtained solution and extraction of gold from the cake. There were processed concen­trates containing from 5 to 28% of arsenic, 12-20% of sulphur in the form of pyrite and arsenopyrite. The content of gold in the concentrates was 4-75 git. The roasting temperature was changed in the range of 773-l 173K, the consumption of calcined soda was 75-200% of stoichiometric necessarily for bonding of arsenic and sulphur into the water soluble compounds, the dura­tion of the process was varied in the range of 10-120 minutes. Under roasting in optimal conditions up to 97% of arsenic and 95% of sulphur go into water soluble compounds. The out­put of cake is 65-70% of the concentrates. The extraction of gold from the cake is higher than from the raw concentrates. The technology has been tested on a pilot plant scale

Jan 1, 1996

By Lawrence Devon Smith

"Within the mining industry the term “due diligence” is used to describe a detailed data review, generally in connection with the purchase or sale of a mineral property, the approval of a large capital expenditure, or the borrowing of a large sum of money.The term originates in the requirement of the board of directors of a corporation to “act honestly and in good faith and exercise the care, diligence, and skill that a reasonably prudent person would exercise in comparable circumstances” (OBCA, 1994). Furthermore, the law assumes that a corporation (or its board) will have exercised due diligence in the acquisition of an asset and, therefore, knowingly (in the absence of fraud or deceit) will have taken on the liabilities and obligations associated with the asset (Nelson, 1994). This is the familiar “Buyer Beware”.Directors are liable for their decisions except “if the director relies in good faith up on financial statements of the corporation represented by an officer of the corporation or in a written report of the auditor, or a report of a lawyer, accountant, engineer, appraiser, or other person whose profession lends credibility to a statement made by any such person.”(OBCA, 1994).Hence the importance of reports prepared by professionals. They provide confirmation that the directors have exercised due diligence in the performance of their duties. For this reason these reports are referred to as due diligence studies."

Jan 1, 1996

By Thomas Havlik

It is proposed to realise the direct leaching, during which will be generated elemental sulfur and not sulfate or sulfuric acid as end product, under conditions that sulfur will not cover the leaching surface and Hot hinder the leaching course. The following improvements have been considered: -use of organic sulfur solvents -ultra high-frequency leaching -ultrasonic leaching -use of surface detergents or surfactants in leaching processes -simultaneously crushing and leaching These proposals are under investigation and preliminary results are promising

Jan 1, 1996

By MattelmSki M

Outokumpu Harjavalta Metals Oy has been producing nickel since 1962, based on conventional flash smelting technology followed by electrowinning of nickel. In the 1980s, a research project was initiated to develop a converterless direct smelting process to produce matte for further refining in the then existing refinery. The process was tested on a pilot plant scale at Outokumpu&apos;s research centre in Pori and was found to be viable. The process was named the Direct Outokumpu Nickel Smelting Process or the DON Process. At the turn of the 1990s, Outokumpu studied various options to develop its nickel business and the Harjavalta operations. As a result of this work, the DON Process was further developed to produce two mattes: low iron matte in the flash furnace to be leached in the existing leaching circuit and high iron matte in the electric furnace to be leached in the new leaching circuit. In Harjavalta&apos;s case, it was essential and important that the process could use the existing flash furnace and electric furnace without converters.

Jan 1, 1996

By A. Goulsbral, D. Harrison, R. Dunne

A programme to reduce cyanide consumption at the New Celebration Gold Mine, situated 32kms South of Kalgoorlie, Western Australia, commenced in the latter part of 1990. Cyanide speciation studies at the time identified that the major loss and consequently consumption was due to the hydrolysis of cyanide, The use of artesian hypersaline waters of high magne­sium content on gold plants in Western Australian Goldfields has meant that economically viable operating pH values during cyanide leaching are around 8.9 to 9.5. The high ionic strength in these waters does to some degree retard the hydrolysis reac­tion. Notwithstanding this, the formation of hydrogen cyanide and its loss due to volatilisation is the cause of the major loss of cyanide on most gold plants in the Kalgoorlie Goldfields. This paper discusses the aspect of oxygen addition during cyanide leaching to decrease cyanide consumption and increase gold recovery.

Jan 1, 1996

By Kam KM, Tran B

Statistical techniques of Box and Jenkins (1976) have been used to assess the existing control schemes and determine the dynamics of flash smelting furnace at the Kalgoorlie Nickel Smelter. Pertinent process variables, such as, oxygen flow, flux flow, matte grade and iron to silica ratio in slag, were considered in the analysis using routine operating data collected over two periods of operation. Results indicate inadequate control of some of the important variables. Dynamic characteristic parameters (dead time and response time) between a set of input and output variables were identified to improve optimisation of the existing thermodynamic model used for flash furnace control.

Jan 1, 1996

By Jinhua Wang

Based on engineering examples and theoretical analysis, the mechanism of chemical consolidation for fractured roadway surrounding rock was discussed. The chemical consolidating materials and three consolidating methods, that is, capsule, forced infusion and spraying, were introduced. Finally the application effects of the chemical consolidating technique to reinforce the fractured surrounding rock of roadways were analysed.

Jan 1, 1996

By R. J. Hickson

The giant El Abra copper mine project under development in Northern Chile will come on stream in early 1997 at a production rate of 500 million pounds of cathode copper annually. Ownership is 51 % Cyprus Amax and 49% Codelco. Cyprus Amax has construction responsibility. Total project cost is $1050 million. El Abra will incorporate latest operational technology with labor efficient practices to achieve world class productivity levels and low initial cash costs of about US $0.35/lb copper. Development procedures for the almost 800 million ton oxide deposit, as well as the hydrometallurgical processes selected for recovery of the copper values are discussed. Construction costs and pertinent technical data are shown.

Jan 1, 1996

Diversity; what a wonderful topic. Diversity; the condition or quality of being diverse, different, varied to the point that the very word diversity means different things to different people. As one example of diversity the American Science Magazine (April, 1994) contained a light-hearted interview with Dr Noitall who was pushing his case for diversity.

Jan 1, 1996

By J. A. Murray

Maintaining satisfactory air quality in electro-winning tankhouses has been problematic and costly, particularly as plant operating current densities have increased. Conventional approaches, including the use of beads, hollow spheres, surfactants and coalescer devices, have not proved completely effective, requiring that powerful ventilation systems be installed. As workplace and environmental regulations become more stringent, containment of the acid mist at its source is more attractive. An electrode cap system based on this approach has been developed and tested in two commercial copper electrowinning tankhouses. The design, development, installation and cost of the new electrode cap system are described.

Jan 1, 1996

By C. Segawa

SMM operates an original slime treatment process for recovering precious metals and other metals (Te,Se,Sb,Bi)from the copper and the lead anode tankhouse slimes. In recent years, the amount of slimes has increased and the pyrometallurgical processing units capacity became the bottleneck of the entire plants. For the expansion of the plant, new pyrometallurgical facilities, incorporating a BBOC, was commissioned in 1992 and has now been successfully operated. In addition, unit operations were optimized to increase recovery and reduce operating cost .. The results of modifications made in the plant are discussed in this paper.

Jan 1, 1996