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By R. Fukuzawa

"The objective of this research is to evaluate the magnitude of carbon prices required to drive process development and innovation for the global nickel industry in a direction that tackles the multifaceted sustainability challenges that the industry faces, including air pollution reduction and greenhouse gas abatement. The results suggest that the currently considered carbon prices are not sufficient to drive innovations in processing methods or upstream pollution prevention. The co-benefits of climate change mitigation and pollution prevention cannot be readily realized under climate change policy alone. Increased coordination between climate change policy and performance-based environmental legislation is necessary. INTRODUCTIONNickel is an important metal in our modern society as it is used in stainless steel, alloys, electroplating and rechargeable batteries, all of which are integral to our economic growth and development (Eckelman, 2010).However, nickel production is energy intensive and therefore susceptible to emerging climate change policies, which may lead to production curtailment and/or increased unit costs of production unless changes in efficiency or energy sources are made (Mudd, 2010). The industry is faced with multi-faceted constraints: future technology must not only deal with metallurgical, financial and environmental constraints but also promote low energy and low carbon practices. This presents a challenge for this industry where technology innovation, development and commercialization are often lengthy, risky and costly processes (Imrie, 2006).Climate change is one of the many challenges faced by our society. Others include other pollution to air, water and land, resources shortage and economic development. From a policy perspective, it is important to balance multiple and often competing needs in an integrated manner. It would require some levels of trade-off in order to maximize the overall effectiveness but also to ensure that one policy does not undermine other policy objectives.The aims of this study are to evaluate how developments in climate change policy would affect the nickel industry in the context of existing environmental regulations and how the industry could respond under these constraints."

Jan 1, 2012

By Benoît Plante

La mine Tio (QIT Fer et Titane Inc.) exploite à ciel ouvert un gisement d?ilménite massive depuis 1950, générant jusqu?à maintenant plus de 70 Mt de roches stériles potentiellement génératrices de drainage neutre contaminé (DNC), dont une partie est submergée dans le lac Petitpas, au nord de la mine. Si généralement l?ennoiement des rejets miniers a un effet bénéfique pour limiter la contamination des eaux, cela reste à prouver pour ce qui est des stériles générateurs de DNC. Des essais en réservoirs ont été réalisés afin d?évaluer la réactivité de trois différents types de stériles submergés, qui ont été choisis en fonction de leur teneur en ilménite. Afin d?évaluer l?impact de la matière organique sur la réactivité des stériles submergés, chaque type de stérile est étudié en immersion simple ainsi que combinée à des sédiments prélevés au lac Allard, à proximité de la mine, d?où l?eau utilisée dans les essais a aussi été prélevée. L?évolution des teneurs en Ca, Mg, Si et Ni durant les 8 premiers mois d?étude démontrent que les stériles immergés sont réactifs, mais l?impact de la matière organique demeure pour l?instant difficile à préciser. Tank tests on Tio mine waste rock The Tio mine (QIT Iron and Titanium Inc.) exploits a massive ilmenite ore as an open pit since 1950, producing over 70Mt of potentially contaminated neutral drainage (CND)-generating waste rocks. While the underwater disposal of mine wastes generally show a beneficial effect on water contamination, this method still needs to be approved for CND-generating waste rocks. Tank tests were realized in order to evaluate the reactivity in underwater conditions of 3 different waste rock types, chosen with regards to their ilmenite content. In order to evaluate the impact of organic matter on the reactivity of underwater waste rock, each waste rock type was studied in simple immersion and in combination with sediments sampled at Allard lake, located near the mine, where the water for the tests was also sampled. The evolution of Ca, Mg, Si and Ni during the 8 first months of testing show that the waste rocks are reactive underwater, but the impact of the organic matter is till hard to define.

Nov 1, 2008

By François Robert, Steve Green, Tyson Birkett, Dan Richardson

Abstract -Detailed sampling using a portable diamond drill, and interlaboratory comparison of selected samples have been combined with statistical studies of truncated populations to establish the gold content of several outcrops in the Val d'Or area. The outcrops chosen are non-mineralized. The background gold concentration in the rocks of the region is 5 ppb or Jess. Gold is distributed relatively homogeneously within the outcrops studied except for slightly increased concentrations within quartz-tourmaline veinlets. Three samples, of which 20 grams of powder are analyzed for each, can adequately determine the gold concentration of a structurally simple outcrop in the Val d'Or area.

Jan 1, 1992

By E O. Foster

When roasting started at Giant Yellowknife Mines in 1949, it became apparent that, to prevent air and water pollution in the surrounding district, it would be necessary to collect the arsenic that was contained in the exit gases of the roaster. The arsenic collection problem was finally solved by the installation of both electrostatic and baghouse collectors. It was realized that a considerable quantity of gold-bearing dust was leaving the roaster with the exit gases. When the collection problem was solved, it was possible to measure this loss. The loss proved to be considerable and it became evident that a substantial quantity of gold could be recovered. Research programs on dust treatment began in 1958, and by May, 1960, the treatment process which is currently being followed was started in the plant. At present, the two electrostatic preci11itators, Operated at temperatures above 600°F, collect the gold-bearing dust.

Jan 1, 1963

By Deborah A. McCombe

"There are a number of important dates that must be disclosed when a Qualified Person (QP) is preparing a technical report for securities purposes. The dates are discussed in NI43-101 and the Form of the Technical Report, NI43-101F1. •,Effective date of the technical report •,Possible revision date of the report •,Effective date of mineral resources and mineral reserves •,Date of the personal inspection (site visit) •,Signature date of the date report (execution date) •,Date of the certificate of the QP •,Date of the consent of the QP The effective date of the report is basically the cut-off date for the information that is included in the technical report. The effective date should be close to the signature date. If there is too long a period between these dates, the QP runs the risk of new material information becoming available and then the technical report would no longer be current. The effective date is disclosed on the title page of the report and on the signature page. If a technical report needs to be revised to correct problems or disclosure deficiencies identified by the regulators, the QP will normally need to include a revision date on the title page of the report to distinguish the revised version from the original version. In these circumstances, the regulators will request that the original date of the report remain on the title page and the revised date will be below it. When a technical report must be revised, the QP must resign and date the signature page of the report and provide a new certificate and consent."

Jan 1, 2003

Aur Resources is Canada's leading copper mining company with producing mines and development projects in North, Central and South America. Copper production from Louvicourt Mine in Quebec, Quebrada Blanca and Andacollo Mines in Chile was a record 245 million pounds in 2001. Located 600 km North of Montreal, Louvicourt Mine is a joint venture between Aur Resources (30%), Novicourt Inc (45%) and Teck-Cominco (25%). Aur Resources is the mine operator with 280 employees working to produce a copper and zinc concentrate. In operation since 1994, the mine has produced a total of 12,606,000 metric tonnes of ore grading 3.6% Cu, 1.5% Zn, 26 gr./m.t. Ag and 0.9 gr./m.t. Au. This highly mechanized mine reached full production in August 1995 at 4,000 tpd. From 1996 to 2001, the average mine production rate was more than 4,300 tpd. The Louvicourt Mine continued its record of solid performance in 2002 and is expected to continue to do so for the balance of its 2.5 years mine life.

May 1, 2003

By H. B. Farnam

"THE IRON ORE Company of Canada has been using do-it-yourself type explosives for three years. During the last 12 months we have used over 10 million pounds of ammonium nitrate-fuel oil explosives and either purchased or formulated one million pounds of slurried explosives.W e have been moving approximately one million cubic yards of stripping and ore per month and we expect our production rate to in-crease. Eighty per cent of our strip-ping and ore is soft enough to be blasted successfully with ammonium nitrate-fuel oil mixtures. Twenty per cent of our material is extremely hard and requires an explosive having greater strength than an AN-fuel oil mixture.W e had been using canned am-monium nitrate base explosives and TNT pellets to give maximum bottom loading density to fracture hard rock. As AN -fuel oil became widely used, it was apparent that other types of explosives could be formulated to fit our blasting requirements. Dr. M. A. Cook of the University of Utah was consulted regarding new explosives and together we developed the blasting slurries.Figure 1 shows a general view of one of our hard rock pits. The foot wall is on the right-hand side and this material is called iron forma-Figure 1.-General view of hard rock pitstion by our Company but is called 'Taconite by the operators on the Mesabi Range. This material runs 35 to 45 per cent iron and many pieces are hard enough to scratch glass. The formation is tilted at an angle of 55 degrees as can be seen in Figure 3.The bedding planes of this rock are about 24 to 36 inches apart and if the material is not well broken or fragmented, large chunks or slabs must be handled by the shovels which reduces shovel capacity and efficiency and increases maintenance costs."

Jan 1, 1960

By R. S. Jones

"Fording Coal Ltd. is now in its fifth year of a 15-year contract to supply 3 million long tons of clean coal per annum to its Japanese steel-making customers. The mine employs both conventional truck-shovel and unconventional ""walking"" dragline coal mining techniques in multiple-seam pits. This paper describes the present and future application of the 60-cu.-yd dragline and truck-shovel pre-stripping fleet in 1•ecovering 5- to 40-footthick coal seams in mountainous terrain. Deep blastholes, coal flow demands, spring ""run-off"", seam and inter-seam thrust faulting, limited seam outcrop data and regional faulting are a few of the problems encountered in this application. The author discusses these problems and their solutions as applied at Fording Coal Ltd."

Jan 1, 1976

By Andrew J. Freyman, George S. Barry

"Mineral endowment in northern British Columbia and the Yukon Territory was assessed on the basis of geological opinion which was gathered in a quantitative framework of subjective probabilities. The survey area encompassed 364,000 square miles and was divided into 310 cells having dimensions of one degree of longitude by one-half degree of latitude. The response solicited related to tonnage, grade and number of deposits of a particular mineral in each cell. The questionnaire sought an expression of mineral endowment down to mine-able depth as distinct from economic expectations. Details on the questionnaire and responses are presented in a series of contour maps on individual commooities, which illustrate the collective occurrence picture of the respondents. The approach is largely dependent on the cooperation of an adequate number of geologists familiar with the region being examined. This approach to an assessment of the mineral endowment of a region has a wide range of applicability, from the focusing of exploration effort to aiding government and development bodies in the formulation of regional strategies and the planning, for example, of road, rail and power facilities."

Jan 1, 1970

By D. Beneteau, L. Feldman, D. Milne, A. Hyett, G. Snell

"Behaviour of rebar bolts subjected to combined shear and bending in underground potash mining applications is not well understood. An experimental investigation compared load applied to resin-grouted No. 25 metric rebar to theoretical load, calculated using elastic bending theory. Distributed optical sensing (fibre optic) technology allowed axial strain measurements at 1.25 mm increments along the length of rebar. Experimental procedure, data processing methods, and equipment improvements are needed for field applications of optical sensing technology. Goals were to adopt procedures for instrumenting rebar bolts, conduct tests, and develop data interpretation methods to measure field deformations and loads. ¦ KEYWORDS Fibre optic, Potash mine, Rebar bolts, Transverse load testing RÉSUMÉ On appréhende encore mal le comportement des boulons d’ancrage pour barres d’armature soumis au cisaillement et au cintrage pour un usage dans des mines de potasse souterraines. Une étude expérimentale compare la charge appliquée aux barres d’armature de diamètre n° 25 (25 mm en mesure métrique) enduites de résine époxy à la charge théorique, calculée à l’aide de la théorie de la flexion élastique. La technologie de détection optique distribuée (fibre optique) a permis d’effectuer des mesures de la contrainte axiale à des différentielles de 1,25 mm sur toute la longueur de la barre d’armature. Pour des applications sur le terrain de la technologie de détection optique, il faut envisager une procédure expérimentale, des méthodes de traitement de données et une amélioration de l’équipement. Les objectifs établis consistent à adopter des procédures d’instrumentation des boulons d’ancrage pour barres d’armature, à effectuer des essais et à mettre au point des méthodes d’interprétation des données pour mesurer les déformations et les charges sur le site. ¦ MOTS CLÉS boulons d’ancrage pour barres d’armature, essai par charge transversale, fibre optique, mine de potasseINTRODUCTION Resin grouted rebar bolts are commonly used in potash mines in the province of Saskatchewan, Canada, in areas where shear deformation is observed in the rock, or where potentially unstable ground is present, including locations such as clay seams. Opportunities to observe deformations of rebar, as shown in Figure 1, are rare because it is unusual in underground potash mining to excavate supported ground. In this situation, a block of potash containing a rebar bolt had failed."

Jan 1, 2019

By M. A. Vasina, I. A. Matveeva, E. A. Naumova, V. V. Doroshenko, N. A. Belov

"Using the calculated (Thermo-Calc software) and experimental methods (SEM, TEM, EMPA, DSC, XRD, etc.) the phase composition, structure and hardening of aluminium alloys of the Al-Ca-Zn-Mg system were studied in the following range: 2. 5%Mg, up to 10% Ca, and up to 14% Zn (wt%). Fragments of this quaternary phase diagram in the aluminium corner were constructed, including the liquidus surface, as well as some vertical sections. It was shown that the relatively large amount of zinc enters in the Ca-containing phase, which formula can be described as (Al,Zn)4Ca. An increase of Zn content leads to formation of Al4Ca primary crystals at lower concentrations of calcium. The eutectic (Al)+(Al,Zn)4Ca has a fine structure and aluminide particles are capable to spheroidization during the heat treatment at temperature 500 C. The maximal level of hardness observed on calcium containing alloys was higher than 200 HV, what gives the reason to expect good strength properties. With an example of an Al-9% Zn-2,5%Mg-3,5% Ca model experimental alloy based on the (Al)+(Al,Zn)4Ca eutectic, a principal possibility of manufacturing thin rolled sheets was demonstrated.INTRODUCTION Aluminum alloyed with calcium was first studied in 1970-80s by such authors as Piatti (1976), Moore (1978, 1980), Il'enko (1985), Swaminathan (1990), and Perez-Prado (1997) as superplastic materials. In particular, the alloy systems Al-Ca-Zn were studied (Il'enko, 1985, Swaminathan, 1990, Perez-Prado, 1997). For some time there was no new published works concerning the aluminum-calcium alloys. During the last years many works were published dedicated to the calcium alloying of magnesium alloys (Kim, 2011; Xu, 2011; Aljarrah, 2008; Bakhsheshi, 2014). This urged the authors (Belov, Naumova & Akopyan, 2016) to start studying cast and wrought aluminum-calcium alloys for construction (2008–2014). There is almost no information in the literature concerning triple and more complex diagrams of the aluminum-based system states with calcium and other elements. In recent work, parts of the state diagrams are plotted for the aluminum angle zone: Al-Ca-Mg-Sc (Belov, Naumova & Bazlova, 2016), Al-Ca-Ni-Sc (Belov, Naumova & Bazlova, 2017), Al-Ca-Si-Sc (Belov, Naumova & Akopyan, 2017) and others. Special attention was paid to the study of the system Al-Ca-Zn-Mg (Naumova, 2017). Based on this system creation of advanced extra-high tensile alloys is planned. Wrought extra-high tensile alloys series 7??? based on the system Al-Zn-Mg-Cu are well studied."

Jan 1, 2018

By G. R. Heffernan

"IntroductionTHE PURPOSE of this paper is to give a •brief history of iron and steel in British Columbia, a quick look at the present operations of Western Canada Steel, Limited, a review of iron ore resources and iron and steel markets, and a projection of what the future might hold for the industry in British Columbia.From the Past to the PresentWhile the paper is entitled Past, Present, and Future, in covering the past, which we shall call the time prior to 1947, there is very little to be said. Small shipments of iron ore were made from the Texada deposits by the Puget Sound Iron Company from 1886 to 1907. Total ore shipped did not exceed 70,000 tons. Part of this is believed to have been used in building a United States battleship in 1907 in the Bremerton Naval Yards in Seattle, Washington.In 1914 a small steel mill was started on Lulu island, rolling bars from •box piles and used shafting. This mill operated spasmodically for a few years but finally burned down in 1921. The rolling mill stands were sold to China and are no doubt in operation in China today.In 1916 the City of Port Moody assisted in the financing of a mill which operated on re-roll rails, box piles, and steel ingots made in an experimental electric furnace in Port Moody. This furnace also produced small quantities of pig iron scrap. The backers of the Port Moody mill showed a great deal of enterprise and must have been a very forward looking group, since this was one of the first recorded applications of the electric furnace to small ingot production. Despite their enterprise, the operation was unsuccessful and terminated in 1921."

Jan 1, 1953

By Donka H. Andreeva

Gold catalysts based on different supports, titania, zirconia, ceria and mesoporous titania and zirconia, nonpromoted and promoted by vanadia in the reaction of complete benzene oxidation have been studied. XRD, HRTEM, TPR, Raman and ESR spectroscopy were applied for the characterization of the catalysts. The influence of gold on the reduction behavior, state and structure of vanadia on the surface was studied, as well as the role of supports nature on the properties and catalytic activity. A strong synergistic effect between gold and vanadia was observed for the all studied catalysts with an exception of the catalysts supported on mesoporous zirconia. In the last case the catalysts containing gold and gold-vanadia exhibit high and equal catalytic activity. The catalysts on ceria show highest and stable catalytic activity in the studied reaction among the all studied catalysts.

Oct 1, 2003

By M. Vallée

Several reviews of mineral project performance in the past 35 years indicate a pattern of occasional, but recurrent, mining project failures due to shortcomings in geological information and estimation, mineral processing and metallurgical testing, feasibility study objectives and requirements, and project start-up methods. A commitment to quality assurance and continuous improvement methods and to obtaining “ENOUGH DATA, OF APPROPRIATE QUALITY” is essential. Recent international and Canadian proposals for mineral resource and ore reserve definitions have taken a nonprescriptive stance that will undermine the formulation of requirements, guidelines and industry standards for efficient deposit delineation and estimation, and for the determination of project feasibility. To help reduce problems, every feasibility study supporting a mine development and production decision should be based on objectives and methods adequate to reach completion targets similar to the bankers’, as a good business target for a profitable project. In a resource/reserve system, the use of reserve should be restricted to a project that meets required technical, economic and legal feasibility requirements for successful project implementation, and the definitions of these categories should provide explicit limits. Current shortcomings will limit the ability of the Qualified Person to provide “adequate professional practice,” fulfill his/her professional responsibilities to his employer or client and provide adequate information to the investing public. We must take advantage of present opportunities for Setting New Standards for the new Millennium.

Jan 1, 2000

By P. Lind, A. Gagnon

"Goldcorp has embarked upon an ambitious, industry-leading, multi-year water use reduction effort. This is a proactive, voluntary effort that reflects our commitment to truly sustainable mining. This effort will focus on increasing water re-use and recycling, and reducing water inputs ultimately towards zero. All of our operating mines are expected to contribute to this effort and are currently in the process of developing plans to meet short and long term objectives. One of the largest needle movers to increase water re-use and recycling is in the area of tailings management. Within five to ten years at Goldcorp, it is envisioned that the need for wet tailings dams will be eliminated and that all new tailings facilities will consist of only filtered or dewatered tailings. Filtered tailings is developing into a mature technology with wide application in mine waste management. This paper describes a conceptual level evaluation on the transition from a slurry to a filtered tailings operation at the Cerro Negro mine in southern Argentina. Key benefits and challenges are highlighted.INTRODUCTION Goldcorp’s Cerro Negro operation is located in the Santa Cruz province in the Patagonian region of Argentina. Cerro Negro has been in operation since 2014 and commercial production was achieved on January 1, 2015. The processing capacity of the plant is 4,000 tonnes of ore per day and in 2016 produced 363,000 ounces of gold and 3.1 million ounces of silver (Goldcorp Inc., 2017). As the mine is located in a semi-arid area, it is important to evaluate technologies that could reduce freshwater consumption and maximize water re-use and recycle rates. The current tailings operation at Cerro Negro incorporates pumping of tailings slurry into a conventionally lined Tailings Storage Facility (TSF). Water is reclaimed from the tailings supernatant pond to the process plant via pumps, however, water losses occur due to evaporation and solution retention within the slurry tailings voids. Converting to a filtered or dewatered tailings operation would allow for increased water recovery prior to tailings disposal, and decreased water losses from evaporation and from retention in the tailings solids void space. This paper describes a conceptual level evaluation on the transition to filtered or dewatered tailings with the primary objective of moving closer Towards Zero Water."

Jan 1, 2017

By Jack G. Hazan

The Critical Path Method is the modern scientific answer for solving the planning and scheduling problems inherent in today's complex projects. With this method, nothing is left to chance. All resources are controlled and kept to the minimum. The various phases are properly planned and strategically determined. Optimum conditions are evaluated for the most economical and fastest way to complete a definite project. The method must be fully understood and implemented with positive data and continuous feedback to obtain the best results. This paper covers the various aspects of the Critical Path Method and mentions some of its applications in the mining and metallurgical fields. T 0 progress to a higher state of human welfare necessarily involves sacrifices. The greatest sacrifice is to relinquish social freedom in favour of economic freedom. In the old days, for example, a cobbler was free to work at whatever time of the day he chose; today, he can't. He is now forced to adapt himself to environment and to work at stand-

Jan 1, 1965

By D. Yuan, L. Yan, R. Kalanchey, M. J. Collins, I. M. Masters

Pressure oxidation tests have been conducted by Sherritt for a refractory gold-silver project located in China. The feed contained 39 g/t Au and 970 g/t Ag; the major gold-bearing minerals were pyrite and arsenopyrite. Since the feed contained a significant amount of silver, which can be refractory to cyanide leaching after pressure oxidation due to the formation of argentojarosite, the test program included investigation of methods to enhance silver recovery. The "lime boil" process proved successful and was incorporated into the flowsheet. Gold extraction from the lime boil product solids was 95 to 98%; silver extraction was up to 94%.

Jan 1, 2011

By G. S. Ospanova

The results of complex processing sulphide copper ore and advantages of recovery of copper by vat and heap leaching, sorption, cementation and electrolytic solutions processing and utilization of waste material after heap leaching of copper for production of building materials were investigated. The combined chemical solvents with the additives of oxidizing agents are developed at the KazNTU. The solvents are inorganic or organic chemical reagents, which form complexes of Cu, Au, Ag, Pt, Ni, Sr, Co etc. Recovery of non-ferrous metals from solutions and purification of industrial waste waters is carried out on the base of using new synthetic and natural sorbents (from local raw materials) which are able to bind ions in both cationic and anionic forms depending on type of ligands and external conditions. Optimum parameters of copper sorption were determined. The developed wasteless technologies of copper extraction from sulphide ores with usage of new non-toxic solvents and accessible sorbents with full recycling of water are tested in pilot scale heap leaching, and are recommended as the ecological, economical and practical alternative to traditional methods.

Jan 1, 2007

By Guy Demers

"This paper defines the responsibilities and functions of the Maintenance Department, and its organization, physical and human assets, highlighting the unique operating problems. Due to the self-sufficient aspect of the Asbestos Hill Deception Bay project, the Maintenance Department cover-s fields that are numerous and very dissimilar: production, mobile, processing, service, power generation, fire protection, heating, water and sewage disposal equipment. Added to this, buildings, plant and camps, wharves and communications equipment all demand versatility, adaptability and expertise from maintenance personnel. Good maintenance practices are a necessity in this environment and are more critical than at southern locations; that is, high-quality replacement material, complete and well-controlled preventive maintenance, major repairs on a component-replacement basis, updated inventory, efficient training and permanent contacts with suppliers, combined with an equipment improvement program, updated specifications on lubricants, hoses, seals, filters, etc., are mandatory. The seasonal aspect of the operations applies a great deal of pressure on the maintenance team, as the production months do not permit major repairs. Short- and medium range planning and accurate evaluation of equipment conditions highly influence production efficiency. Maintenance control, planning and scheduling do not follow the accepted standard routines, as personnel turnover normally does not permit an accumulation of knowledge of the equipment history and condition by the •individual tradesman."

Jan 1, 1976

By E. A. Rychkun

"For the last 700years of recorded economic history, man has been subjected to alternating inflationary and deflationary patterns. Through this period of time, a severe deflationary pattern has developed approximately every 55 years, creating 12recordable occurrences. Through the last two centuries, this severe deflationary phenomenon has come to be known as a depression. As these depressions have repeated themselves regularly, they are cyclic. This in turn leads to the question of whether the 13th cycle will also repeat itself in the form of a depression. As this cycle is now 51 years old, we must consider the possibility at about 1984.In analyzing a 700-year record of consumer prices in Southern England, the 55-year cycle appears to vary in shape and intensity. This varying phenomenon is due to the effect of longer cycles upon which each one ""rides "". Because each cycle effectively rides on the next largest, which in turn rides on the next largest and so on, the combined measured effect of all cycles together at any point in time is always unique. This means that anyone cycle can never repeat itself in an exact identical manner. The combined effect therefore is what we observe in the form of prices and, as cycles interact, variations in deflation are produced . The ""science"" of economics attempts to quantify and develop theory on situations which are never identical and hence can be conservatively classified as a useless predictive tool.This means that more unconventional approaches may be required to predict our economic future. In looking at previous depression cycles, it is possible to recognize similarities in human behaviour patterns and hence the resulting economic movements. These behaviour patterns create major events or influencing factors which set the scene for a major deflationary condition. The way in which these factors occur, however, is not predictable. As more and more of these similar events are identified in each cycle, we can increase our confidence on the probability of the last event occurring (a depression). By also unravelling the set of larger cycles, we can determine the potential combined effect at any point in the future.This paper presents a system of cycles ranging from 800 years to 3 years which appear to operate in our economic system. By so doing, a long-term projection into the next century can be made. Finally, the paper deals with the main controlling similarities within the depression cycle, to show that a comparison with our current cycle implies that a major deflationary collapse in the mid 1980's is virtualy inevitable."

Jan 1, 1980