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By Canada Ernst & Whinney

INTRODUCTION The principal objective of this chapter is to provide guidance in understanding and making effective use of published financial statements of mining companies. Although financial statements only represent a gathering together of information relevant to an enterprise's financial position and results of operations, they increasingly reflect the complexities of the modern day business environment. In the mining industry, a wide variety of accounting practices have evolved to deal with the unique aspects of the business in the absence of authoritative accounting pronouncements from standard-setting bodies. Given such complexities and divergent practices, financial statements of mining companies are not easily understood and cannot be used effectively as a tool in decision-making without a basic knowledge of fundamental accounting concepts, generally accepted accounting principles and their application in the mining industry. As such, this chapter is not restricted to a discussion of the accounting for the unique aspects of the mining industry. These aspects are dealt with at length but the text also includes a discussion of general accounting concepts and practices which have wide application in the mining industry. Frequent references are made in the text to international practices and to specific rules and requirements of individual countries. In this respect, the scope is restricted to four major mining environments, Canada, the UK, the US and Australia, all of which have made significant contributions to the development of generally accepted accounting principles. Acknowledgements This chapter was prepared under the direction of Ian Murray of Ernst & Whinney in Toronto, Canada. Contributions were received from Graham Butt, Mark O'Sullivan and Dominic Robinson, all from Ernst & Whinney in Toronto and Bill Duvall and Tom Schoenbaechler from Ernst & Whinney in Louisville, Kentucky, US. The authors would also like to acknowledge the assistance received from David Ferguson, Don MacLean, David Taylor and Susan Zoutman from Ernst & Whinney, Toronto, from the UK and Australian practices of Ernst & Whinney and from Ernst & Whinney International. FINANCIAL STATEMENTS - ELEMENTS AND CONCEPTS Financial statements were originally a stewardship report to owners to satisfy them that management had given a proper account of the resources with which it had been entrusted. Today, the number of users of financial statements has expanded to include the following groups: - shareholders, present and prospective; - lenders, present and prospective; - financial analysts; - regulatory authorities; - taxing authorities; - labour unions and employees; and - creditors and customers. The expectations of these user groups differ. For example, investors and lenders require information that will indicate the adequacy of their security and the profitability of the enterprise; taxing authorities will be concerned with the concept of income; labour unions and employees will focus on the profitability of the enterprise. Ground Rules for Preparing Financial Statements Responsibility for Financial Statements Financial statements are the representations of management. This may strike the reader as a rather obvious statement. It is important to remember, however, the role of judgment in accounting. Notwithstanding the promulgation of accounting standards in the developed countries, considerable flexibility remains in the selection of accounting practices and methods and in their presentation. Arguably, there is more flexibility in the mining industry as few countries have developed standards to deal with its unique aspects. Accordingly, financial statements are as much a product of management's perspective and philosophy as they are a compliance document.

Jan 1, 1985

By Peter A. Eshun

This paper studies two methods that account for risks associated with gold mining projects such as mineral risks and country risks. The first method is sensitivity analysis, which investigates the effects of a change in any economic parameter such as operating cost, capital investment, gold price or taxes on the viability of the project. The second method is Monte Carlo Simulation technique, which takes into consideration the simultaneous random variation of the economic parameters on the project's viability. An automated simulation cash flow model has been developed as part of this paper. Sensitivity analysis and the simulation model have been used to investigate the economic viability of the Dokrupe Gold Project (DGP) serving as a test case. It is concluded that, the Monte Carlo Simulation technique gives a more realistic judgement of the economic viability of gold mining projects.

May 1, 2004

By R Valenta, J Owen, D Kemp, E Lebre, G Corder

Copper plays an essential role in our society. It is one of the key materials supporting economic growth and human development in emerging economies, for its common use in construction, power generation and transmission. It is also a critical metal for the transition to a low carbon future, particularly for its uses in renewable energy and electric vehicles. As a result, global demand for copper has been increasing steadily and is predicted to continue in the future. The demand-supply gap is currently growing, and new mines will be needed to fill it. This project observes the current pipeline of copper mining projects, which are characterised by technical complexity (lower grades, deeper deposits, complex mineralogy etc.) but also environmental, social and governance (ESG) complexities. A common assumption in the mining industry is that a rise in copper prices will unlock these deposits. However, while most technical complexities are price sensitive and are likely to be overcome in favourable economic conditions, the influence of ESG complexities is more difficult to evaluate. CITATION: Lebre, E, Valenta, R, Kemp, D, Owen, J and Corder, G, 2018. Accounting for social and environmental complexities in mining project developments: the case of copper, in Proceedings Complex Orebodies Conference 2018, pp 39–40 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By G R. Hancock, S Grant, T Whiteside, J B. C Lowry, J Boyden, T J. Coulthard

Physically-based landform evolution models (LEM) provide a spatial framework to forecast the long-term geomorphic stability of post-mining landscapes. When used to test the relative stability of different landform designs, LEMs may assist with the development of optimal closure designs for rehabilitated mines. However, in order to reduce prediction error, factors controlling landscape evolution must also be accurately represented by models. This requires that the correct sets of processes are represented and that driving parameters used in LEMs are, if necessary, calibrated to the landscape of interest.Vegetation exerts strong controls on the hydrologic and geomorphic processes that drive landscape evolution. Hence, the spatial and temporal scales over which typical patterns in vegetation are represented in different landscapes are important considerations in LEM calibration. However, vegetation is rarely accounted for in LEMs and even when integrated is often represented simply, without representing spatial dynamics of vegetation cover that may impact landform development.This study focuses on characterising vegetation patterns to calibrate a new vegetation module of the The Cellular Automaton Evolutionary Slope and River (CAESAR)-Lisflood LEM to be applied to a conceptual rehabilitated landform of the Ranger uranium mine located in the Alligator Rivers Region (ARR) of northern Australia. In the ARR the spatial dynamics of vegetation over time are largely driven by monsoonal rains and topography. Extensive dry season fires are also common in the region, temporarily reducing vegetation cover where they occur. Hence, hydrology, topography and fire disturbance interact to shape a distinct, yet dynamic, mosaic of different vegetation types of varying cover density. As a basis for calibrating the new vegetation function, the distribution and dynamics of vegetation are characterised for this savannah landscape by remote sensing, in conjunction with ground data.CITATION:Boyden, J, Lowry, J, Coulthard, T, Whiteside, T, Hancock, G and Grant, S, 2016. Accounting for vegetation dynamics in landform evolution modelling, in Proceedings Life-of-Mine 2016 Conference , pp 63–66 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 28, 2016

By G. F. Doggett

In describing accounting methods at Lake Shore Mines, it is the intention of the writer to limit the discussion to the principal features of the system used in securing cost figures and other statistics. The subject can be conveniently treated under the following divisions: (1) Time-keeping and Labour Distribution (2) Supplies: Handling and Distribution (3) Method of Assembling Data for Cost Purposes (4) Details of Operating Costs Time-Keeping and Labour Distribution After a new employee has gone through the routine of being 'hired on', he is assigned an employment number corresponding with the group applying to his occupation. This is for identification purposes in the plant and time office. He is also given an individual serial number, the use of which will be refer-red to later. On entering and leaving the plant, each employee passes through the clock room adjoining the time office, where he registers the time in and out on time recorders, on the clock card (Figure 1) bearing his name and number. It is the duty each morning of the time clerk to extend the hours worked by each employee, as indicated by the clock for the previous day, and at the end of the half-month period the total hours are multiplied by the rate and entered in the space provided for total wages at the bottom of the card.

Jan 1, 1935

By Joseph Domenico

AMONG others, one of the most important duties of the accounting department is to disclose to the management the cost of production accurately and as quickly as possible after the ore has been produced and treated. A report is issued daily showing man shifts and the cost of labor, supplies, power, and miscellaneous charges to each department of the operation: mining, crushing, milling, packing and loading, and general expense. Mining costs are broken down into stoping, handling, development, exploration, and miscellaneous, and each of these subdepartmental costs are further broken down into the branches making up the subdepartment. Costs of crushing, milling, packing and loading, and general expense are detailed in the same manner. With such a detailed daily report as this, the management is able to keep in close touch with the efficiency of the entire operation. Because no expense items are deferred or spread over a period, and so that the report does not lose its comparative valve, appearances of unusual charges are explained.

Jan 1, 1946

By D. T. Pritchard

"Introduction""No accounting system is very good, and all of them are infinitely variable*.”The purpose of this chapter is to discuss those facets of a typical accounting system which are most commonly encountered by operating managers in mineral processing plants. However, before concentrating in any detail on these it is important to understand the broad purposes and basic techniques of any accounting system in any major business.The three broad purposes of an Accounting System are:- Administering, controlling, and recording the flow of cash in and out of the business. Cash is, of course, converted into other assets (or stores of value) such as inventory, plant and equipment, etc. These assets also have to be administered, controlled and recorded.- Internal reporting to Management for information, for control, and for use in making business plans and decisions. - External reporting to stockholders, government, lenders and other outside parties.In this chapter we shall organize our discussion of accounting practice in mineral processing plants around these three purposes of accounting and focus in some detail on specific practices and techniques with which operating personnel will be routinely involved. This chapter is divided into the following: Accounting Basics; Administration, Control and Recording of Cash Flows; Internal Reporting; Planning and Budgeting; Cost Control; and External Reporting."

Jan 1, 1989

The Central Andes in Peru, Chile, Bolivia, and Argentina , contain two contiguous terranes which were accreted to Gondwanaland between the end of the Devonian and the end of the Triassic. These terranes, Arequipa in the north, and Chilenia in the south, differ from each other in the timing and style of their metallogenic development. However, they contain over 90% of the Central Andean porphyry copper resource. The copper porphyries in the Arequipa terrane are Paleocene to lower Oligocene in age, whereas the Chilenia deposits are mid-upper Cretaceous and mid-upper Miocene. Porphyry copper deposits occur outside these terranes, but are all Miocene in age. Miocene porphyry-style mineralisation also exists in the Arequipa terrane, but is copper-deficient and gold-rich. The accreted terranes may have favoured porphyry and other styles of copper mineralisation because they possessed relatively thin continental crust compared to adjacent parts of the Andes. Crustal thickening which commenced at about 30 Ma in the Arequipa terrane coincided with a major change to polymetallic, precious metal mineralisation which commonly displays high sulfidation characteristics.

Jan 1, 1995

Accretions of dust on the walls of the offtakes from furnaces and in the waste heat boiler are a cause of significant operating and maintenance problems in non-ferrous smelters. The dust originates from entrained solids in the gas stream and vaporised species that condense during gas cooling. Control of dust formation is very important for minimising the formation of accretions and reducing the severity of environmental problems caused by toxic species, such as those containing arsenic, in the dust. The present paper discusses the formation of accretions and the condensation of dust in copper smelting from a thermodynamic viewpoint. Changes, in gas composition and the amounts and identities of the condensed species in the dust are calculated using computational thermodynamics. Interactions between dust species to form accretions are considered in the light of appropriate phase equilibria. The results show that the nature of the dust formed varies greatly, depending on the temperature and the amount of oxygen present during cooling. Control of the amount of oxygen is required if offtake and waste heat boiler accretion problems are to be minimised.

Jan 1, 2002

By A. M. Garbers-Craig, T. Coetsee, T. M. Nemavhola

Accretions often form in furnaces when slag and charge materials attach to the refractory wall and build up over time. Accretion formation is usually unwanted because it reduces the working volume of the reactor and hinders material flow through the reactor. However, in some instances a thin, stable accretion layer may be desirable to protect the underlying refractory material. In order to prevent and/or manage accretion formation, it is important to understand the underlying principles of this phenomenon in the particular reactor. Excessive accretion formation hampered production at the Exxaro FerroAlloys ferrosilicon melting and atomization plant. This plant uses induction furnaces in which a 15% silicon-iron alloy is produced by batch smelting a mixture of ferrosilicon of 75%Si grade and low-carbon steel. The molten ferrosilicon alloy is then gas-atomized to a powdered product for use as a dense medium in mineral processing plants. The objective of this study was to investigate the effect of different impurity levels in the ferrosilicon feed material on the extent of accretion formation as well as the effect on the accretion properties, which influence the ease of accretion removal upon furnace shut-down. Refractory and accretion samples were collected after a furnace shut-down and characterized using X-ray diffraction and scanning electron microscopy–energy dispersive spectroscopy. It was concluded that the trace elements in the FeSi-75 feed material (Al, Ca, Mn) were mostly responsible for accretion formation, but that rust on the low-carbon steel and oxidation of the steel contributed to accretion attachment to the lining. The total contaminant content, calcium to aluminium ratio in the FeSi-75 feed material, and thereby the liquid to solids ratio in the accretion at temperature determine the strength of attachment as well as growth of the accretion.

Feb 2, 2021

By John A. Thorpe, Gary R. Maxwell, Kirk M. Schall, Kenneth A. Brunk

"Gold ores containing oxide and some sulfide copper minerals incur significant cost penalties when leached with cyanide, because 4-5 moles of cyanide are consumed for each mole of leached copper. This equates to ~4 kg of NaCN per kg of leached copper. Total cost of excess NaCN consumption plus CN destruction can exceed $4.00 per tonne of ore. AuGMENT Technologies has patents pending on a process that can 1) economically recover 70-80% of the cyanide that is fed to a mill, 2) produce salable copper cathodes, and 3) reduce the need for a cyanide destruction facility. Standard equipment for resin processing and electrowinning are used to recover the cyanide and produce the copper cathodes. Steps have been taken to determine: 1) how to develop the resin kinetics, 2) how much savings are incurred at a mill site, 3) how the novel 'electro-elution' circuit achieves efficient operation.IntroductionWhen gold ores containing nuisance copper are leached with cyanide, a significant cost penalty is incurred because 4-5 moles of cyanide are consumed for each mole of copper that leaches. This is equivalent to the use of -4 kg of NaCN per kg of copper that leaches. The total cost of excess NaCN consumption plus cyanide destruction can exceed $4.00 per tonne of ore.AuGMENT Technologies has a patent pending on a process that can 1) economically recover 70-80% of the cyanide that is fed to a mill, 2) produce salable copper cathodes, and 3) reduce the need for a cyanide destruction facility. This ACCS (Au-.C.u-.C.N Solution) Process Technology involves the novel application of copper cyanide chemistry. Standard resin processing and electrowinning equipment are used to recover the cyanide and produce the copper cathodes."

Jan 1, 1997

By W B. Gregg

The rock blasting and mining industries use a system of detonators and explosives for mining operations. Many detonators use small metal bridgewires, which are heated by passing a current through the wire, heating and igniting the pyrotechnic powder in contact with the wire. Typical bridgewires require a current of at least 3 amps, applied for a few milliseconds, for an explosive output. The semiconductor bridge (SCB), in comparison, initiates an explosive in 0.01 to 0.1 of a millisecond.

Jan 1, 1994

By Sung-Ryul Kim, Woong-Jong Park, Juhyung Lee, Si-Hoon Lee

"A bucket foundation has been considered to be a potential foundation technology for offshore wind turbines. In this study, a series of 1-g model tests were performed to analyze the accumulated rotation of suction bucket foundations under long-term cyclic horizontal loads. The model suction buckets were made to have the embedment ratios of 0.5 and 1. The dry model ground was prepared to have two different soil densities by air-pluviation method. A horizontal cyclic load over 104 cycles was applied varying the loading amplitude. Test results showed that the accumulated rotation of the bucket foundation increased with the increase in the number of cycles and load magnitudes. Based on the model test results, a new equation was proposed to evaluate the accumulated rotation of the bucket foundations in sandy ground under long-term cyclic horizontal loads.INTRODUCTIONRecently, a bucket foundation has been considered to be a potential foundation technology for offshore wind turbines. In terms of economy, a bucket foundation has been considered to be an economical foundation type at sea beds where ground condition is clay or medium dense sand.A bucket foundation resembling a bucket is a kind of suction-installed foundation units. It is a skirted steel foundation which is open at the lower end and closed at the upper end by a lid. The embedment depth ratio (L/D) of a bucket foundation is usually less than one. Figure 1 shows an example of a bucket foundation. Offshore wind turbines are subjected to long-term cyclic loading by wind or currents. A bucket foundation is installed in soil grounds, so the long-term cyclic loading may induce the accumulation of soil deformation.In this study, the accumulated rotations of the bucket foundations in sandy ground were investigated under long term cyclic horizontal load. The number of cycles up to 104 cycles was applied varying load magnitude. The accumulated rotations of the bucket foundations in sandy ground were analyzed based on the test results."

Jan 1, 2016

By T. Sakaguehi

Some attempts were made to recover and remove of uranium that may be present in refining effluents, mine waste Water, and other waste sources by using microbial biomass. To establish which microorganisms accumulate the most uranium, 135 species of microorganisms (42 bacteria, 26 yeasts, 34 fungi and 33 actinomycetes) were screened. Of these 135 species of microorganisms tested, extremely high uranium absorbing ability was found in Pseudomonas stuzeri, Neurospora sitophila, Streptomyces albus and Streptomvces viridochromogenes. In addition to the research on uranium uptake, thorium recovery by using microorganisms was investigated. High abilities were found in Streptomyces levoris and Bacillus subtilis. The selective accumulation of heavy metal ions by various microorganisms has also been examined. Uranyl, mercury and lead ions were readily accumulated by almost all of the species of microorganisms tested. Actinomycetes and fungi differ from many bacteria and most yeasts in their selective accumulation of uranium, and mercury. The basic features of uranium uptake by Streptomyces viridochromogenes, a microorganisms with high uranium-uptake ability, were investigated systematically. Synthesizing these results, we suggested that the accumulation of uranium into these microbial cells is not directly mediated by any metabolic process:, but almost completely dependent upon physicochemical adsorption on the cell components. In addition to this fundamental research, uranium recovery was investigated in immobilized Streptomyces viridochromogenes. These immobilized cells adsorbed, uranium readily and selectively. The immobilized cells recovered uranium almost quantitatively and almost all uranium adsorbed was desorbed with 0.1 N Na2CO3, These results showed that microbial cells are more stable after Immobilization and can be used repeatedly for the process of uranium adsorption-desorption. These results suggested that these microbial cells can be used for the recovery and removal of nuclear fuel elements, such as uranium and thorium, from refining effluents and mine waste water.

Jan 1, 1991

By T. Tsurata

The accumulation of thorium and/or uranium by various microorganisms from a solution containing thorium and/or uranium at pH 3.5 was examined. Among the species tested, a high accumulation ability for thorium was exhibited by strains of gram-positive bacteria, such as Bacillus megaterium, B. subtilis, Micrococcus luteus, Rhodococcus erythropolis, and actinomycetes, such as Streptomyces levoris. On the other hand, though uranium was accumulated in small amounts from the solution containing both elements by all these microorganisms, actinomycetes, such as S. flavoviridis and S. levoris had relatively high uranium accumulation abilities. In these high performance thorium- and uranium- accumulating microorganisms, S.levoris, which accumulated the largest amount of uranium from the solution containing only uranium at pH 3.5, could accumulate about 300 µmol thorium and 133 µmol uranium per gram dry wt. of microbial cells from a solution containing both thorium and uranium at pH 3.5. After this screening, uranium accumulation using microorganisms isolated from uranium mines, among which some strains of bacteria were found to possess an extremely high uranium accumulating ability. The microbial biomass may thus be considered for use as an accumulating agent for the removal and recovery of uranium that may be present in metallurgical effluents, mine tailings, seawater and other sources. Recently, hundreds of micro-organisms existing in uranium deposits located in North America, Australia, and Japan for their ability to accumulate large amounts of uranium, and found some new strains which accumulated large amounts of uranium, such as Lactobacillus and Bacillus sp. from Japanese and Arthrobacter and Bacillus sp. from the United States uranium deposits. These bacterial strains can accumulate about 2500 µmol uranium per gram dry wt. of microbial cells within one hour. These microbial cells can remove uranium from the uranium refining wastewater with a high efficiency. The accumulation of uranium from a solution (pH 5.8) by microorganisms contained Arthrobacter nicotianee, which is a similar strain mentioned above Arthrobacter sp., was examined. Among the 76 strains of 69 species tested (23 bacteria, 20 actinomycetes, 18 fungi, and 15 yeasts), high uranium accumulation ability was exhibited by strains of the bacteria, A. nicotianae, B. subtilis, and M. luteus. A. nicotianae cells, which showed the best performance, could accumulate about 698 mg uranium (2.58 mmol) per gram dry wt. of microbial cells.

Jan 1, 2014

By E Lounejeva, J A Halpin, A Chappaz, D D. Gregory, S Wu, T Lyons, P J. Sack, R R. Large, S W. Bull

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Newly published models suggest that some orogenic and Carlin-style gold deposits formed by the remobilisation of trace elements during interaction with hydrothermal or metamorphic fluids from early sedimentary pyrite that was enriched in Au, As and Te. The released trace elements are transported by the fluids to favourable trap sites where they are deposited. Therefore, early enrichment of Au, As and Te in source rocks (particularly in pyritic black shale) can be crucial to the formation of orogenic and Carlin-style gold deposits.The most important cause of the enrichment of gold and other trace elements in the sedimentary basins has been examined in this study to determine which basins are the most prospective for the development of orogenic gold deposits. An important influence for Au and other associated trace element accumulation in sedimentary pyrite is the temporal variation of trace element content in the oceans, as revealed by a database of over 1400 analyses of pyrite from black shale through geologic time. It is inferred that sediments coeval with those where sedimentary pyrite is enriched in Au and associated trace elements are more likely to be source rocks of orogenic and Carlin-style gold deposits.Factor analysis of the trace element content of pyrite through geologic time was conducted to investigate the multivariate relationships amongst trace elements and how these chemical factors explain the uptake of trace elements. One important factor includes Te, Au, Pb and Bi content. The incorporation of these large cations into pyrite is enhanced by As3+ substituting for Fe in pyrite lattice. The As3+ ion occurs in relatively oxidised environments and, thus, it is expected that shales deposited in non-euxinic waters are better source rocks for orogenic gold deposits.The examination of both the time in which the sediments were deposited and the redox conditions of the basin, and the ocean more broadly, can be used as a guide to approximate the extent of a basin’s fertility. To illustrate the use of this exploration tool, examples from the unmineralised Jet Rock Formation (UK) and the mineralised Castlemaine Group (Bendigo, Australia) are presented in this paper.CITATION:Gregory, D D, Large, R R, Halpin, J A, Lounejeva, E, Wu, S, Bull, S W, Sack, P J, Lyons, T and Chappaz, A, 2015. Accumulation of trace elements into black shale – how to identify a viable source rock for orogenic and Carlin-style gold deposits , in Proceedings PACRIM 2015 Congress, pp 59–64 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By A. Bowles

The process of accumulative roll bonding (ARB) has been applied to wrought magnesium alloy AZ31. Accumulative roll bonding results in severe plastic deformation of sheet material. In AZ31, this process leads to the refinement of the microstructure by dynamic recrystallization. The refinement of the microstructure results in an improvement in mechanical properties with potential for producing materials for superplastic forming. In this work AZ31 was bonded with up to 64 layers and the potential of roll cladding with aluminium was also investigated. The development of microstructure and the mechanical properties are reported here.

Jan 1, 2006

Little faith can be placed in a coal resource estimate without a clear understanding of the estimate's accuracy. Different types of coal resource estimates require different levels of accuracy. Prospecting surveys typically are done with widely spaced boreholes, while a much higher level of accuracy is required for mine design. Either way, a measure of the accuracy clearly indicates the level of confidence that can be placed in the results of the estimate. Geographic information systems (GIs) are becoming a commonly used tool for resource estimation because they not only provide a database management platform but also the graphical capabilities to visualize resource characteristics. interpolation methods used commonly in these resource studies do not typically provide a quantitative answer to the question: "How accurate is the estimate?" By comparing localized measurements at multiple locations to the interpolated thickness distribution used in a resource estimate, a quantitative analysis of accuracy can be obtained. The technique is demonstrated with a case study from Central Appalachia.

Jan 1, 2000

By Carson Sharp Beltch

The determination of aqueous cyanide is accomplished by either detection in the sample as collected or by removal of the cyanide of the collected sample, followed by detection. The direct determination of the cyanide content of a solution can only be used in the simplest of systems, since many interferences can result in errors. Thus the most widely used method for total cyanide determination involve the reflux distillation of the sample using heat, acid and vacuum or air flow. The basic theory underlying this analytical approach is that by reducing the pH, the quality of molecular hydrogen cyanide will be in- creased and can be removed from the solution by elevating the temperature. The hydrogen cyanide is then collected in a caustic solution and analyzed. The general approach of removing the cyanide from the sample by distillation represented a major advance in this area of analytical chemistry. It enabled the determination of cyanide in many additional types of samples. When it became apparent that the tightly bonded cyanide complexes were not being detected by this approach, many methods fox complex ion destruction were proposed. These methods usually involved low pH adjustment with oxidizing mineral acids, coupled with the catalytic decomposition of the tightly hound complexes. All off the complexes except the strongest could he broken by these methods. The catalytic reflux distillation step has been found to have some negative aspects, since many materials that can be distilled with hydrogen cyanide will interfere with the color development step and result in a false positive reading.

Jan 1, 1981

By Richard L. Bullock

Believe it or not, mine evaluation and feasibility studies are as old as the industry itself. In the first recorded writing on mining by Agricola (1556), he gave several clues as what to look for in evaluating a mine, to determine if it was economically feasible. Below is the guidance from Agricola, with my interpretation of what he would include today. Now a miner, before he begins to mine the orebodies must consider seven things, namely: ? The situation (the geography/topography). ? The conditions (the geologic/mineralogic and mining conditions). ? The water (availability, hydrology and ownership). ? The roads (plus the railroads, power lines, all other infrastructure). ? The climate (the weather-rainfall/environment). ? The right of ownership (the land and legal entitlement). ? The neighbors (the social environmental concerns of the area). It is amazing how much of his guidance has not changed in 455 years. Yet Agricola gives no guidance on determining the correct cost, or determining the correct commodity pricing. But he does give a few words of caution on the related ethics involved on buying mineral properties: ?A prudent owner, before he buys shares, ought to go to the mine and carefully examine the nature of the vein, for it is very important that he should be on his guard lest fraudulent sellers of shares should deceive him.? Three hundred years later (1866), to further amplify this point, in the most famous thing that Mark Twain never said, as an introduction to a lecturer to an audience of gold-miners at Red Dog, CA, the famed author/humorist allegedly described a mine as ?a hole in the ground owned by a liar? (Farrar & Rinehart, 1935). So, one might conclude that between these two dates, the mining industry did little to improve its reputation. Unfortunately, since Mark Twain allegedly made those remarks, we have not done near enough to gain accountability for the mineral industry.

Jan 1, 2011