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By S. Klingmann, G. Blackwell

"Terrestrial photogrammetry has been used for many years to build three-dimensional pictures for analytical purposes. Photographs can include images from open pit mine walls, ground topography, mine buildings infrastructure or accident scenes. Analysis and co-ordinate estimation in early photogrammetric systems demanded the use of specialized and costly optical-mechanical stereocomparators. Few of these instruments could be interfaced with computers to provide databases, and all required trained personnel with good perspective vision to collect data.Digital photogrammetric software has replaced these older systems, and the digital video plotter (DVP) is a simple computerized system utilizing readily available PCs to quickly produce a stereoscopic model of any scene where an area of overlap exists in photographs taken from two different locations. Specialized cameras providing reference marks or grids on the photographs are still necessary for detailed analysis in three dimensions.This paper describes the application of DVP to the three-dimensional analysis of strike, dip and location of dominant fracture planes visible on an open pit wall slope, and the intersection of planar features which might reduce wall stability. Where reference survey points cannot be provided because access by personnel to the photographic scene is impossible for safety reasons, normal case terrestrial photogrammetry can provide the necessary control points for more complex aerial photogrammetry geometries.DVP recreates the geometry existing at the moment photographs are taken, providing the user with the ability to safely recreate, compare and analyze the structures determining the stability of open pit wall slopes."

Jan 1, 2003

By R. C. Hartviksen, B. H. Boyum

"The Sherman Mine, Temagami, Ontario, is an iron ore pellet operation rated at one million tons per year capacity. Mining is done from three open pits in two bands of Keewatin iron-formation intercalated in a 'greenstone belt' thought to be part of the Archean 'Abitibi Belt'. The bands of iron-formation are tabular and steeply dipping, averaging 75 degrees. The principal ore mineral is magnetite.Blast holes, 1214 inches in diameter, are drilled on 28-foot centers, each hole being sampled and assayed for both total iron and magnetic iron. Concentration tests are made in the laboratory to determine the anticipated concentrate grade. Two classes of ore are recognized -'liberating' or 'refractory'. Blending is done on iron con-.tent, degree of ease of liberation (i.e. grain size) and chunkiness. The latter is important, as primary milling is done in autogenous mills. Actual daily mill results are compared with predicted grade from blast holes, exploration diamond drill holes and pit inspection. Hourly mill samples are analyzed by the X-Ray Fluorescent Analyzer, with emphasis on silica grade. In 1969, the pellet grade was improved from 7 .01 per cent silica natural to 5.50 per cent silica natural."

Jan 1, 1970

By P. J. Lunder, R. C. Pakalnis

This paper presents the results of research that has been undertaken in order to develop an improved method of determining the strength of hard-rock mine pillars. Pillars are found in various shapes and sizes in all underground mining operations. Prudent engineering design requires that if pillars are to perform as desired, both the pillar strength and the pillar stress must be determined. A detailed pillar stability study has been combined with an extensive database of published pillar case histories (178)resulting in a new “hybrid” pillar strength formula, “The Confinement Formula”, that utilizes classic strength of rock methods combined with empirical methods. “The Confinement Formula” utilizes a “mine pillar friction term” calculated from the average minor/major stress ratio with-in the pillar core. Statistically, the new formula provides better results at predicting pillar strength for the combined database than the best empirically ft pillar methods that currently exist. “The Confinement Formula” allows for the determination of the strength of mine pillars with an increased level of confidence over previously applied methods.

Jan 1, 1997

By T. W. Wlodek, Zygmunt Kowalczyk

In the period from 1946 to 1964, the annual output of co al from Polish mines increased from 4 7.3 to 117.35 million tons. In this paper, the methods of bringing about this increase in productivity through the building of some twelve new collieries (producing some 15 million tons annually) and the modernization, reconstruction and extension of some thirty-six older collieries are discussed.

Jan 1, 1967

By K. Chotruangprasert

This paper explores Global Reporting Initiative (GRI) reporting practices within the mining industry. Specifically, this paper investigates how and why a mining company makes voluntary reporting decisions to include the GRI indicators that may be considered ?negative? to the company?s reputation. Due to the voluntary nature of the GRI Guidelines, a GRI adopter is not legally obligated to report every GRI indicator. Not surprisingly, empirical studies that evaluated the extent to which companies? sustainability reports meet the GRI requirements (Guenther, Hoppe, & Poser, 2006; Morhardt, Baird, & Freeman, 2002; Samy, Odemilin, & Bampton, 2010; Skouloudis, Evangelinos, & Kourmousis, 2009) have found that reporting practices of the companies under their studies are well below the standards reflected in the GRI Guidelines. An influential study by Clarkson et al (2008) uses economic-based and socio-political theories to explain variation in companies? environmental disclosure. They have found that, as predicted by economic-based theory, superior environmental performers disclosed more ?hard? (i.e. verifiable) environmental information. Inferior environmental performers are found to disclose more ?soft? (i.e., not easily verifiable) claims, which is consistent with socio-political theories (Clarkson, Li, Richardson, & Vasvari, 2008). However, this study and the existing literature do not adequately explain why a company may act in a way that cannot be explained by economic-based and socio-political theories, for example, why it would report some negative soft data that it is not required to report. This paper intends to address this literature gap. GRI reporting by a Canadian mining company, which I would like to call ?Company C?, is used as a case study for this paper. Company C was selected for this research because in addition to ?positive? information, its GRI-based sustainability report also includes both hard and soft ?negative? information such as grievances. Research methods include interviewing Company C?s employees who are involved in preparing GRI reports and reviewing documents prepared both by the company and by external parties. I find that integrative social contracts theory (ISCT) offers a valuable explanation to Company C?s reporting practices. From the ISCT perspective, Company C?s management appears to feel that the company is obligated under social contracts to be transparent. Therefore, Company C disclosed both positive and negative social and environmental information to the public because the management appeared to think that it is the right thing to do. At the same time, being transparent about the bad news gave the company an opportunity to conclude that it had done something to avoid future occurrence of the negative incidents. Therefore, I propose that, in addition to the economic and socio-political theories that are more often used in literature, insights from ISCT are instrumental in improving our understanding of the corporate non-financial reporting practices phenomenon.

Aug 1, 2013

By B. Grinbaum, A. Mazuelos, F. Carranza, N. Iglesias, M. Avila, J. L. Lozano, G. Perez, R. Romero, M. \/aliente

Following a failure of a tailings pond darn at a mine in Andalusia, Spain, a huge effluent stream, that contained about 1 g/1 Zn and significant amounts of ferrous, ferric, calcium, copper, aluminium and manganese cations has to be treated, to prevent pollution of a nature reserve. EGMASA, as the regional government environmental agency, suggested to improve the current depuration process by recovery of the Zn from the effluent. A solvent extraction (SX) followed by electrowinning (EW) was proposed and developed to remove zinc.. A pre-treatment stage consisting in bio-oxidation of ferrous iron by using a bacterial process followed by an alkaline precipitation was employed because iron in the effluent is incompatible with both the SX and the EW processes. The SX process was developed successfully at the laboratory scale and verified in a pilot plant on-site, using two Bateman Pulsed Columns for extraction and stripping of zinc. The results were satisfactory obtaining a recovery of 90% of Zn. The process was suitable for industrial application.

Jan 1, 2008

By Phillip I. Merritt

"IntroductionDuring and since• the war, it has been my privilege to work closely with those in Canada who are responsible for the vital raw materials needed in our co-operative atomic energy programme. The understanding which has developed between our two groups in this all-important enterprise has been a great source of pleasure. We in the United States are aware of the importance of the contribution made by Canada to this project, and we look forward to continuing our mutually advantageous relationship.The impact of World War II, and the decision by Canada, Great Britain, and the United States to join in a programme for the development of atomic weapons, created a sudden and immense demand for uranium minerals. Early in the raw materials programme, it was evident that sufficient raw materials to fulfill war-time atomic weapon requirements could be secured from three sources: the rich pitchblende deposits of the Eldorado , mine at Great Bear lake; the Shinkolobwe mine in the Belgian Congo; and as a by-product of the vanadium industry of the Colorado Plateau in the United States. In the early part of the programme, therefore, our joint efforts were directed toward obtaining immediate maximum production from these localities. The contribution made by Eldorado Mining and Refining (1944), Limited, both in supplying and refining raw materials, was and continues to be of vital importance.In addition, it was also obvious from the first that in this programme, as in any mining enterprise, exploration activities directed•toward the discovery and development of new sources of uranium ore were essential if production were to be maintained over an extended period of time. In order to satisfy obvious security requirements during the war, it was necessary to proceed with this exploration programme, both in Canada and the United States, as secretly as possible. With the end of the war, and the revelation that an atomic weapon had been developed, however, secrecy in exploration was no longer required. The important thing was to get on with a broadened exploration programme."

Jan 1, 1950

By L. Cáceres, G. Leinenweber, P. Bustamante

"Given the severe scarcity of fresh water sources in Northern Chile the use of seawater has become the only alternative to allow mining expansion. This option however poses several technological challenges as a result of the high concentration of natural salts that promote various forms of metal corrosion. Therefore the steel piping protection has been a constant challenge for design engineers responsible for solving the problems of corrosion. Known protection alternatives are varied and expensive, a few of them are rubber coatings, protection based centrifuged concrete, extra wall thickness of pipes in combination with corrosion inhibitors, extra wall thickness of pipes without using corrosion inhibitors, and the use of highly corrosion resistant steel materials.In this framework the aim was to study the corrosion kinetics of carbon steel pipe API 5L X70 under electrochemical and weight loss testing. The test conditions include a range of seawater velocities between 0.2 to 3.0 m/s.For electrochemical experiments the API 5L X70 steel specimen was a 4 mm diameter disk embedded in an 8 mm diameter Teflon rod and exposed to seawater. Duplicated coupons were placed in a standard test apparatus that was built according to the standard ASTM D 2688 – 94.The main results were: a) corrosion mechanism explained in terms of the counterparts partial processes which are the hydrogen evolution and oxygen reduction reaction; b) for the test specimen a corrosion band like feature that suggest a lateral dispersion of aggressive solutions from corrosion pits; c) a range of corrosion rates between 1 and 1.96 mm/year for flow rates between 0.2 and 3.0 m/s; and d) a convenient inhibitor dose between 20–25 mg/L for optimum inhibition efficiency to obtain a maximum value of 80% for corrosion efficiency."

Jan 1, 2016

By S. Isaac

The networks of interdependencies between elements in building projects, referred to as the project topology, are often complex and difficult for project teams to comprehend. It is hypothesized that a graphbased model of the project topology can be based on existing data in Building Information Models (BIM), facilitating the application of graph-theoretic algorithms to analyze this topology. The objective of this study is to propose an outline for the synthesis of BIM and graph theory. This synthesis is expected to contribute to the development of new tools for representing, managing and analyzing the design of building projects.

Aug 1, 2013

By Denis Racicot

"L'Abitibi québécois a produit essentiellement de l’or, du cuivre, du zinc et de I' argent, ainsi que de faibles quantités de nickel, de plomb, de molybdène, de bismuth, de lithium, de fer et d’amiante. Depuis l’ouverture de la mine Horne en 1927, cent-cinquante mines ont contribué à la production de 1 420 tonnes d’or de 4,1 millions de tonnes de cuivre et de 4,7 millions de tonnes de zinc. Les productions minières annuelles ont été d'importance variable: des records de production ont été établis en 1955 pour I' or avec 35 tonnes et, vers 1965, pour le cuivre, le zinc et la quantile globale de minerai extrait avec respectivement 130,000, 275 000 et 13 millions de tonnes. Deux dépressions généralisées ont eu lieu, l’une vers 1946 et l'autre, a lafin des années soixante-dix. Des ralentissements de la production ont été observes pour le cuivre en 1953 et le zinc en 1959. Depuis le debut des années quatre-vingt. I' or et, de façon plus irreguliere, le zinc sont en progression, landis que le cuivre, malgre une hausse en 1983. pour suit son dec/in.La teneur de récupération des mines d’or est demeurée régulière et n’a subi qu’une faible diminution au cours des quarante dernières années. Célie du cuivre a diminué d'environ 50% dans la même période, landis que celle du zinc a subi d’import antes variations, aussi bien positives que négatives. Près des trois quarts des mines d'or ont une durée de vie inférieure à 12 ans et la distribution des tonnages de minerai extrait montre un maximum pour la classe de 100 000 à 1 million de tonnes. Du cote des mines de métaux de base, la durée de vie est plus étalée et les volumes de minerai ont une occurrence maximale dans la classe de 1 à 10 millions de tonnes.Concernant la distribution géographique de la production minière dans l'Abitibi québécois, le camp minier de Rouyn-Noranda vient en tête pour l’extraction de minerai et la production d’or et de cuivre. L’est sui vi par le camp de Val d'Or pour le minerai et l’or, landis que le camp de Chapais-Chibougamau occupe la deuxième place pour le cuivre avec une production équivalence a 60% de celle de Rouyn-Noranda. Le camp de Cadillac-Malartic suit de tres pres celui de Val d'Or pour ce qui est de I' or. Finalement, dans le casdu zinc, le camp minier de Joutel-Matagami domine largement avec une production qui a connu un développement accélère depuis 1963. Une analyse pré liminaire de ces données indique qu' i/ subsiste unpotentiel encore élevé de production d'or, décuivre et de zinc dans I' Abitibi québécois. ABSTRACTThe Quebec portion of the Abitibi belt has essentially produced gold, copper, zinc and silver, as well as some small quantities of nickel, lead, molybdenum, bismuth, lithium, iron and asbestos. Since the opening of the Horne mine in 1927, one hundred and fifty mines have produced 1420 tons of gold, 4,1 millions tons of copper and4,7 millions tons of zinc. Annual mine production has fluctuated: production records were established in 1955 for gold with 35 tons, and around 1965 for all extracted ore copper and zinc with respectively 13 millions, 130 000 and 275 000 tons. Two main recessions have occurred, the first around 1946 and the second during the late seventies. Cut backs in copper and zinc production occurred in 1953 and1959. Since the beginning of the eighties, gold production and to a lesser extent zinc production have been in progression. Except for a small jump in 1983, copper production is still declining.The average recuperation grade of gold mines has been quite steady and has only slightly diminished in the past forty years. The average copper recuperation grade was halved during the same time interval. For zinc there have been important ups and downs. At least three quarters of gold mines have an average lifespan of 12 years the tonnage distribution shows a peak in the 100 000 to 1 million tons class. Base metals mines show a more widespread life expectancy and have a tonnage peak in the 1 to 10 millions tons range"

Jan 1, 1990

By Ian Ewart, Trevor Bergfeldt, Gourab Satapathy, Ajay Patel

"Conventional electrowinning (EW) of nickel from sulfate electrolytes is complicated by several factors including the requirement for a diaphragm cell to separate the anolyte and catholyte and the need to minimize nickel mist emissions. Developed and commercialized by emewCorporation, this novel process electrowins high purity nickel cathode (99.5%) from copper refinery bleed streams using the proprietary emew vortex EW technology. The emew nickel process incorporates high flow rate in an enclosed cylindrical EW cell operating at high current densities that overcomes the challenges of conventional nickel EW and completely eliminates the risk of nickel mist emissions. The tubular cathodes are easily harvested and mitigate the effect of plating stresses inherent in nickel EW. The present paper describes the emew nickel process and its most recent application to copper refinery bleed streams at full-scale.INTRODUCTION To meet the stringent demand of customers, nickel producers are giving prime importance to production of high purity nickel cathodes. The major challenge for refineries is to improve cathode quality and appearance despite fluctuating electrolyte impurity levels. The basis of achieving good quality cathode includes the control of electrolyte impurities and consistency of specific process conditions. The commercial operation of emew nickel technology has been successfully implemented and has demonstrated the ability to produce high quality nickel cathode from refinery bleeds. This paper emphasizes the importance of upstream impurity removal to achieve the required nickel emew feed composition by evaluating the benefits of using selective precipitation as a purification scheme with the aim of improving the overall nickel recovery while ensuring suitable nickel concentration in the advanced electrolyte is achieved. Nickel electrowinning is similar to other electrowinning processes that employ insoluble metal anodes & cathodes. It requires the passage of direct current between two electrodes that are immersed in a conductive, aqueous solution of nickel salts. For the recovery of nickel from solution, the most common methods are electrowinning and hydrogen reduction. Electrowinning usually occurs from sulfate, chloride or mixed sulfate/chloride electrolytes. In sulfate electrolytes, nickel electrowinning cells are normally designed to achieve specific criteria as outlined below (Robinson & Tuppa, 2002):"

Jan 1, 2017

By Lynn I. Kelley

Potash is the primary industrial mineral produced in Saskatchewan, followed, in terms of gross value, by aggregate, sodium sulphate, salt, potassium sulphate, peat, clays, silica sand, calcium chloride brine and "clinker." Potentially economic deposits of kaolin, diamond and building stone are under evaluation.

Jan 1, 2001

By W. W. Heywood

"IntroductionCIRCULAR structures on the Arctic islands were first noticed early after World War II. During the indexing of the 1950 Royal Canadian Air Force photographs their occurrence was brought to the attention of the Geological Survey of Canada by Mr. W. B. Waugh, Surveyor General. As a result, I. C. Brown ( 195l) of the Geological Survey of Canada studied the air photographs of these structures and discussed theories that might explain their origin. The author, as a member of the Geological Survey of Canada, spent several months in 1952 and 1953 in reconnaissance study of the geology of Ellef Ringnes island, using the Isachsen meteorological station as a base. Twelve days in the summer of 1953 were spent mapping the Isachsen dome and adjacent areas. The Isachsen dome, one of several similar structures occurring on Ellef Ringnes island, is situated 35 miles southeast of the meteorological station.PhysiographyEllef Ringnes island is a mature, stream dissected plain having an average elevation of about 400 feet. The surface of the plain is undulating with a relief of about 150 feet; only a few of the numerous streams that form a dendritic drainage pattern have eroded valleys this deep. Long, low, cuesta escarpments cross' the plain, which is underlain by sedimentary rocks of Lower Cretaceous and possibly younger age. The sedimentary strata have a low regional dip to the southeast; exceptions are found in the vicinity of the domes, where the strata are up-turned, and in the plateau region, northeast of Deer bay, where they are flat lying. The plateau, which is underlain in large part by basalt, is deeply dissected and has an average elevation of 1,000 feet."

Jan 1, 1955

By W. K. Buah, R. K. Amankwah

Waste-activated carbon generated by gold ore processing plants that employ carbon adsorption technologies may contain very high gold values and represent a potential source of extra revenue. In this research, two methods that augment combustion of waste-activated carbon are evaluated. These are mechano-chemical activation and charcoal-enhanced ashing. It was found that mechano-chemical activation caused structural transformation of the waste carbon, which resulted in a reduction in the temperature for complete oxidation from above 700oC to 450oC. Complete oxidation was also achieved at the same furnace temperature, for a combined sample of waste-activated carbon and 50% by weight of wood charcoal. In both cases, gold was extracted from the ash by conventional cyanidation, with recoveries greater than 98% from a head grade of 3.2 kg/t.

Jan 1, 2007

By Eric Low

Raising capital by issuing debt or equity is necessary in almost every corporation. In the field of corporate finance, the raising of capital is a heavily-studied topic. However, some of what is studied on this topic in corporate finance is not applicable in the mining industry. There are also many financing options that were created for the mining industry such as flow-through shares, prepaid forwards, and royalty sales. The cyclical nature of the industry makes the risk-return profile of financings more difficult to estimate than in other industries. Additionally, the methods used to assess firm value are different than other industries, as the values of orebodies are not included on balance sheets. For precious metals companies, which are a hedge against most other securities, there are additional complications with determining investor expectations and cost of equity. This thesis puts forth a decision-making framework to explain mine financing choices from the perspective of mining companies. The approach is threefold. First, all of the major equity and debt financing instruments available to mining companies are presented and analyzed. Each financing method is assessed on a wide range of criteria. Next, these concepts are applied in case studies of four companies: BHP Billiton, Barrick Gold, Teck Resources, and Noront Resources. For each company, the overall choice of financing methods is shown and analyzed. The effect of financing choices on the weighted average cost of capital (WACC) is calculated. The final section deals with case studies of individual mine finance decisions during the past two years.

May 1, 2011

By Michael B. Cortie

Mesoporous gold sponge has the unique property of being both metallic and highly resistant to oxidation. It has potential application in catalysis, in bio-sensors, in optical coatings, in analytical chemistry and, as we show here, as the basis for a new kind of ultra-capacitor. Due to the cost of gold, the most probable niche for a gold-based ultra-capacitor would be in the high-power/high-energy regime, a region where gold would compete with devices based on RuO2. A high internal resistance limits the power that can be usefully drawn from existing carbon-based ultra-capacitors, and that this problem can potentially be overcome by gold-based devices. A simple proof-of-concept ultra-capacitor based on mesoporous gold is described and its behaviour during charge and discharge cycles examined. In this work a step change in the input or output voltage of the device was used as the controlling parameter. There was also a residual faradaic current resulting from traces of undissolved aluminium left over from the AuAl2 precursor used to make the sponge, and some charge storage due to polarization of the solution. Deconvolution of these three effects was not entirely accomplished, but an ostensible capacitance of about 7 to 14 mF/g Au was demonstrated. Further improvement from these early results seems likely.

Oct 1, 2003

By J. L. Jambor, T. C. Birkett, W. D. Sinclair

Abstract -The rare-earth elements (REE) form a significant part of the group of so-called "high­ technology" metals whose glamour has attracted both the scientific community and the mining industry. Despite this attraction, world production of REE declined abruptly in 1985 and only recently has begun to approach production levels of 1984. The decline in 1985 was primarily due to decreased demand for light REE used as catalysts in the production of lead-bearing gasoline. Incorporated within the current trend toward increased production of REE is an increasing demand for higher value elements such as yttrium and other members of the heavy REE group, and for specific REE rather than mixed products . The former demand has made some Canadian deposits and prospects economically attractive despite a surplus of REE reserves on a world scale. The chief attractions of Canadian deposits such as Strange Lake, Labrador-Quebec, Thor Lake, Northwest Territories, and Kipawa, Quebec, are that they are relatively rich in yttrium and other heavy REE compared to light REE, and that they offer a potential security of supply to counterbalance the rapidly escalating dominance of China in the world market.

Jan 1, 1992

By J. J. McDougall

Until quite recently, the coal in the Cape Breton field was won from comparatively thick seams with light cover, and from submarine areas, and the system of mining naturally followed was pillar-and-stall. This sytem permitted of cheap extraction, and enabled production from localities where other methods could not be employed to good advantage. Thus the pillar-and-stall system, applied to conditions as stated, justified its adoption. Our working seams today, however, are practically all under heavy cover, or are moving in that direction, and with this gradual increase in cover came the increased cost of roadway maintenance. At Princess colliery, the system of pillar-and-stall was followed until roof and bottom conditions became such that further operations were unprofitable, and the longwall method was then adopted as an economic necessity. This fact should be borne in mind when operating costs of both systems are being compared. The longwall method is not held as a cure for all difficulties of heavy cover, but through it these difficulties can be overcome with less expense than by pillar-and-stall. The longwall system of mining, strictly speaking, is one by which a seam of coal is totally extracted in one operation. There are, however, many modifications of longwall, and in some cases it is difficult to determine whether certain practices should be classed as longwall or pillar-and-stall, or a combination of both.

Jan 1, 1928

By J. M. Réjean Gagnon

"Quebec Cartier Mining Company is currently mining a low-grade iron ore deposit in northeastern Quebec. The Company is producing some 8,000,000 dry gross tons of concentrates per year, grading about 66 per cent iron. The pit, which is located on the keel or hinge line of a fold, will eventually be about 1,000 feet deep with a surface area of 8,000 by 2,600 feet. The most significant structural discontinuities in the mine are the natural bedding planes and secondary perpendicular joints. The exposed walls are subjected to a sub-Arctic climate and heavy blasting occurs approximately six times a month.QCM utilizes design and operating techniques to control rock fall. Steps are also being taken to analyze the ultimate over-all pit slope stability."

Jan 1, 1968

By R. Horn

The financial performance of the mining industry, measured by return on equity and capital employed, has been inadequate for many years. Consequently, mining companies are not valued highly by stock markets. Among the more important causes for the decline in the sector are the conservative working practices and reluctance to adapt to change or to develop new technology, although some relatively recent developments such as SX-EW copper and heap leach gold have made a significant impact on the cost base of these metals. The subsidiary business of metals exploration suffers from the same problems as the rest of the industry. The rate of discovery of ore deposits has been falling over many years and since the late 1990s, there has been a sharp reduction in global exploration activity that, if it continues, will further reduce the global supply of new ore reserves. New technological developments, particularly in geophysics and different operational practices may help reverse this trend. Statistical methods for evaluating the risk of ore reserve estimates will also improve the economic return on new mining ventures. The science of ore geology has potential to reduce exploration risk, but modern ore genetic theory has not contributed greatly to recent discoveries. The junior exploration market has almost ceased, but a new style of technically specialized efficient small exploration company has emerged which, in alliances with major companies, may be the vehicle for future global exploration. Exploration in virgin terrains has a higher risk discounted potential for the discovery of very large orebodies than that in known mining districts but mining companies have little financial incentive for this high risk exploration because of the very long lead time to production. Alliances of two or more companies reduce the risk in both the exploration for and development of major new mining projects. If new orebodies are not found, then metal prices will inevitably rise in the long term. Governments of industrial countries, particularly those with a significant mining industry such as Canada, should therefore provide assistance to exploration in order to maintain their existing industry and prevent a metals shortage from developing in the future with its consequent impact on the world economy and increased environmental damage as large lowgrade orebodies are developed to supply an expanding market.

Jan 1, 2002