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By Paul G. Dunn

The planning of underground mines is a complicated process involving geological, engineering and operational constraints. MIRARCO is in the process of developing a 5D Mining Exploratorium where 3D mining models are combined with time (4th dimension) and costs (5th dimension). The mining exploratorium is a collection of external and inhouse software packages specifically geared to help underground mining companies arrive at better mine plans. This paper discusses the progress made in the development of the 5D Mining Exploratorium and a change in mine planning philosophy by conducting frequent audits in a Virtual Reality Laboratory. The development of genetic algorithms for optimising stope sequences is also presented.

May 1, 2003

By B. R. Conard

Copper refining at Vale Canada (previously known as Inco) has been associated with Ni production. Because Cu and Ni carry risks for adverse health endpoints through inhalation exposure, it is critical that their aerosol levels, and the metallurgical processes through which they enter the air, are understood. Because certain Ni substances have been linked to respiratory cancers, it is also important to characterize the amounts and types of Ni compounds in occupational settings. This paper describes electrorefining and electrowinning operations near Sudbury, Ontario (1930–present), and gives aerosol measurements (1978–present).

Jan 1, 2014

By Alfred Guenkel, Kyle Marte, K. Nikolaisen

"The INCO SO2/air process was patented by INCO in 1985 (Borbely, Devuyst, Ettel, Mosoiu & Schitka, 1985). Well over 80 mining operations worldwide are using this process to oxidize cyanides to cyanates in the tailings from gold, silver and copper mining operations. Though it is possible to supply sulphur dioxide (SO2) in either gas or liquid form, the majority of these SO2/air operations use sulphite-based salts as the ‘SO2’ equivalent reducing agent. This is probably due to the lower capital cost, safety concerns with, and availability of liquid SO2. Sodium metabisulphite (SMBS) is commonly employed, and its cost is an order of magnitude higher than that of sulphur. The increased capital expenditures (CAPEX) for a sulphur-burning SO2 gas plant could have a pay-back of less than two years. In addition, a SO2 gas plant offers potential for significant heat recovery from the sulphur burning process. In terms of safety, the SO2 gas plant only requires the storage of relatively benign sulphur and the site inventory of SO2 will be limited to the plant gas inventory. Furthermore, a SO2 gas plant will not trigger the US Clean Air Act Section 112(r) accident prevention regulations, as may be the case for liquid SO2.Most existing mining operations using ‘SO2’ are gold operations, but in recent years there has been an increased interest in larger sulphur dioxide gas plants for hydrometallurgical facilities that employ leaching of cobalt/manganese minerals or precipitation of manganese/iron (e.g. Tenke Fungurume and Boleo).This paper discusses the different processes which require SO2 as a reducing agent and compares the capital and operational costs of a SO2 gas plant to conventional process alternatives using sulphite-based salts or liquid SO2.The heart of the SO2 gas plant is the sulphur furnace. The most economical way to produce SO2 is by combustion of sulphur in air producing up to 19.5 vol% SO2. Examples of large and small sulphur furnaces are discussed in terms of design, operation, and impacts on operational costs.The SO2 gas produced in a sulphur-burning plant has to be contacted with the liquor to be reduced. The choice of gas-liquid contacting device is important, and two contacting devices are discussed: 1) Gas sparging into the bottom of leach tanks (high, nearly constant, back pressure due to liquid head) and 2) absorption columns (low gas-side pressure drop)."

Jan 1, 2014

"Pilot plants for pressure hydrometallurgy represent special design and project execution challenges. Over the past twenty years, Zeton has designed and fabricated a variety of world-class pressure hydrometallurgical pilot-plant facilities for the nickel industry, and this paper discusses design considerations and strategies related to such projects. Project execution methods are also discussed, and guidance is given for the selection of materials of construction and for the selection of appropriate pressure and temperature design points for pressure hydrometallurgical pilot equipment. The paper concludes with a discussion of the need for process similarity with future commercial operations and the realities of pilot-scale equipment.INTRODUCTION The process technology developer or owner and the designer/fabricator of a new pilot-plant facility are faced with some difficult technical choices even after the decision to build a dedicated plant has been taken. A pilot-plant project is usually on the critical path of a large commercial project involving investments many multiples greater than the capital cost of the pilot plant. Schedule savings in the design, manufacture, and commissioning of the pilot plant or in a rapid completion of the experimental program can be disproportionately beneficial to the overall development project. However, inappropriate shortcuts resulting in major oversights can be disproportionately problematic. A number of considerations and suggestions for both the project execution approach and the process engineering design of pressure hydrometallurgical pilot-plant facilities are presented as a guide for potential owners and operators of new pilot-plant equipment and facilities. These suggestions are particularly applicable to the nickel industry, where the majority of our firm’s prior hydrometallurgical experience was obtained. This paper is an update to an earlier publication (Martin, 2004), offering an opportunity for a new generation of metallurgists and engineers to learn the specialist requirements of pilot- and demonstration-scale plant design, which are key functions in the development and commercialization of new processes."

Jan 1, 2017

By Constantin Pitis, Paul Slatter, Behnam Pirouz, Laura Contasti, Markus Zeller, Sadegh Javadi

"The centrifugal slurry pumps feeding cyclones are critical components used in the grinding process. It is well known that for this type of pumps the performance degradation is very intense. To minimize downtime a complete stand-by slurry pump is always installed in a parallel circuit. The replacement decision of slurry pumps is sometimes set on specific periods of time that are empirically determined, based on previous experience; unless a pump failure triggers the second (standby) pump. Given the significant energy costs in the grinding process and a desire to increase competitiveness, engineers and scientists started research in this field while manufacturers also took actions in order to improve pumps reliability and performance. The lack of standardization regarding the methods used to benchmark and evaluate the energy performances of cyclone slurry pump systems in the mining industry makes it difficult for an enterprise to take informed decisions concerning the replacement or optimization of its process based on energy benchmarking of such slurry pump systems. This paper proposes a new methodology of benchmarking slurry pump performances using a new concept of Benchmark Energy factor (BEF) based on Mathematical Model Benchmarking. The concept of BEF has been proven successful in other industries. A new standard addressing the guidelines for benchmarking the energy performance of slurry pumps for cyclones was proposed within the Canadian Standards Association. This standard will provide a unified and consistent methodology for performing measurement activities with the ability to measure and verify the system energy performance in the field through the BEF approach. Practical examples based on the new concept are presented with comments."

Jan 1, 2017

By J. De Geoffroy, T. K. Wignall

The paper describes a statistical method based on regression and classification analysis which is designed to assist exploration management in the selection of prospecting areas and drilling targets in regional programs. The classification is based on three criteria which are formulated from sets of relevant geological, geophysical and geochemical factors: (a) regression estimates of expected ore values, (b) Bayesian probabilities of success and (c) expected utility payoffs. The advantages of the method are: (a) rational and unbiased ratings for areas or targets in a manner consistent with management's goals; (b) calculation of probabilities of success and confidence intervals for the ratings, and (c) rapid and accurate handling of a large amount of data by computer programs.

Jan 1, 1970

By Philip J. Bangerter, Chris Twigge-Molecey

Design for safety is critical to metallurgical plants, due to the inherently dangerous nature of their processes. Two significant areas of concern are: 1. preventing catastrophic process failures that cause damage or injury; and 2. operational safety that directly affects those working in or living near the plant. Process safety involves human behaviour, but the designer can eliminate or control hazards by engineering approaches, and control impacts through the design of the operating procedures. The tools available to guide safe facility design include bowtie analysis, hazard analysis, and hazard and operability studies. Clean plant design principles can guide the design process to address in-plant occupational health and safety issues. Auditing and review is a key part of the overall design process.

Jan 1, 2015

By B. R. Boardman

Project Environmental Approval is a multi-faceted issue. From a mining perspective, it is a costly item because of avoidable time delay. The government perspective is that the approvals are a necessary part of meeting departmental requirements to ensure that the wellbeing of other uses of the environment is maintained. This paper outlines some of the problems inherent in the environmental approvals process and makes recommendations to both the proponent and government about improving the efficiency of the process.

Jan 1, 1978

"Pilot plants for pressure hydrometallurgy represent special design and project execution challenges. Over the past twenty years, Zeton has designed and fabricated a variety of world-class pressure hydrometallurgical pilot-plant facilities, and this paper discusses design considerations and strategies related to such projects. Project execution methods are also discussed, and guidance is given for the selection of materials of construction and for the selection of appropriate pressure and temperature design points for pressure hydrometallurgical pilot equipment. The paper concludes with a discussion of the need for process similarity with future commercial operations and the realities of pilot-scale equipment.INTRODUCTIONThe process technology developer or owner and the designer/fabricator of a new pilot-plant facility are faced with some difficult technical choices even after the decision to build a dedicated plant has been taken. A pilot-plant project is usually on the critical path of a large commercial project involving investments many multiples greater than the capital cost of the pilot plant. Schedule savings in the design, manufacture, and commissioning of the pilot plant or in a rapid completion of the experimental program can be disproportionately beneficial to the overall development project. However, inappropriate shortcuts resulting in major oversights can be disproportionately problematic.A number of considerations and suggestions for both the project execution approach and the process engineering design of pressure hydrometallurgical pilot-plant facilities are presented as a guide for potential owners and operators of new pilot-plant equipment and facilities."

Jan 1, 2012

By M. Choy, A. Kadiayi, E. Magdzinski

"Design of engineering controls to limit occupational noise exposure rely on accurate calculation inputs. Sound in mines can carry considerable distances. Mine ventilation engineers rely on noise propagation calculations to estimate silencer performance criteria for key mine fan installations that are often in proximity to occupied areas of a mine and can remain in service for decades. The blasted and rockbolted walls of hard rock mining tunnels have unique acoustical properties. Underground testing in an operating metal mine in Sudbury, Canada was performed and results processed to characterize noise propagation in mines, with the goal of improving the accuracy of noise calculations.INTRODUCTIONAs mine operators continue to improve and promote workplace safety, addressing noise at fixed infrastructure locations is observed as increasingly common. Underground fans are important to consider in this context, as they are typically loud, in proximity to occupied and sensitive workplaces, and operate nearly continuously. Predicting noise propagation from ventilation fans within underground mines has long been a challenge, with few available resources documenting acoustical properties as calculation inputs. Other factors in addition to rock face absorption properties include tunnel geometry and distance from the fan, which play critical roles in characterizing the noise level at any given point away from the fan. By understanding and establishing methods to better predict noise dissipation along underground mining tunnels, engineers can design noise controls with a greater degree of precision and confidence to effectively protect workers from over exposure to noise.This paper investigates classical methods of predicting reverberant room and direct field noise propagation. These prediction methods are then compared to noise measurements taken within the Fraser Mine of Glencore’s Sudbury Integrated Nickel Operations (Sudbury INO) Measurements were taken at a depth of ~881 m (2,889 ft), along an ~300 m (984 ft) long blasted hard rock mining tunnel. The noise along the mine tunnel resulted from the intakes of two 900 kW (1,200 hp) ventilation fans with a combined exhaust capacity of 300 m3/s (630,000 cfm)."

Jan 1, 2019

By G. N. A. Senhorinho, J. A. Scott, C. A. Laamanen

"Closed mine sites are widely regarded as a negative asset due to their legacy of environmental impacts. These sites are often characterized by waterbodies with elevated metal concentrations and low pH that are traditionally considered to have little or no value. These sites are potential sources of beneficial biocompounds produced by microalgae in response to environmental stresses. A bio¬prospecting program found that certain microalgae from waterbodies near historical mine sites exhibited higher antibacterial activity than any microalgae previously reported in the literature. There is potential for the mining industry to be involved in examining features such as tailings ponds at mine sites for high-value compounds, including ones that might help mitigate rapidly growing microbial resistance to current antibiotics. ¦ KEYWORDS Antibacterial, Closed mining sites, Metabolites, Microalgae, Stressed environments RÉSUMÉ Les sites miniers clôturés sont généralement considérés comme des actifs négatifs en raison de leurs répercussions sur l’environnement. On trouve souvent sur ces sites des étendues d’eau affichant de fortes concentrations en métaux et un pH faible, généralement considérées comme ayant peu, voire pas de valeur. Ces sites sont des sources potentielles de biocomposants bénéfiques produits par des microalgues en réponse aux perturbations environnementales. Un programme de bioprospection a permis de déterminer que certaines microalgues trouvées dans ces étendues d’eau à proximité de sites miniers historiques présentaient une activité antibactérienne supérieure à celle mentionnée dans toute la docu¬mentation existante. L’industrie minière pourrait bien participer à l’examen de particularités telles que la recherche de composants à haute valeur dans des bassins de décantation des résidus sur des sites miniers, notamment des composants qui pourraient aider à atténuer l’augmentation rapide de la résistance micro¬bienne aux antibiotiques actuels. ¦ MOTS CLÉS antibactérien, environnements perturbés, métabolites, microalgues, sites miniers clôturésINTRODUCTION The mining industry is one of the largest economic drivers in the world. Within Canada, for example, it contributed 2.8% (C$57.6 billion) of the 2016 gross domestic product (Marshall, 2016). Canada also has the highest non-ferrous exploration budget worldwide (Marshall, 2016); therefore, it is likely that mining operations, mine waste disposal, and the number of closed sites will continue to grow in Canada. The environmental impact of mining operations stems from the volume of tailings produced, which can be up to 97–99% of the total volume of ore processed at a mine (Adiansyah, Rosano, Vink, & Keir, 2015). In 2010, mining was the world’s largest industrial producer of waste at a total of 65 billion tonnes: 51 billion tonnes of waste rock (mine overburden) and 14 billion tonnes of tail¬ings (Jones & Boger, 2012)."

Jan 1, 2019

By K. Tarr

Acid-producing mine tailings are present at many active and inactive mine sites and pose an environmental liability due to the potential for acid rock drainage. Acid rock drainage originating from a tailings pile, a waste rock pile, or exposed sulfide-rich rock, can cause discoloration and turbidity in receiving waters, and the loading of ions mobilized by the acid can cause a decrease in aquatic flora and fauna, and reduction in the quality of groundwater. The primary cause of acid generation is the oxidation of sulfide minerals, predominantly pyrite and pyrrhotite. Considerable mine tailings are being stored on surface in vast tailings impoundment areas across Canada. In the tailings within this study, from the Sudbury, Ontario area, the sulfide mineral of primary concern with respect to acid generation is pyrrhotite. Different tailings types show varying and progressive degrees of oxidation correlating to their specific sulfur contents. The degree of oxidation is determined by the relative extent to which the sulfides have reacted as well as the depth of oxidation within the tailings. Natural Resources Canada, CanmetMINING is dedicated to research supporting the Green Mining Initiative, a program reducing business risks by demonstrating practices that reduce environmental impacts. In cooperation with the Canada Mining Innovation Council (CMIC), applied research aims to reduce land disturbance, waste volumes, and releases to the environment. By reutilizing tailings from vast impoundment areas as a component in backfill, the potential environmental impact would be lessened considerably, due to the reduced tonnage stored on surface long-term. From an operating perspective, there is a need for supplemental feed for backfill from time to time. The reclamation of old tailings for use in backfill is also driven by the fact that old tailings ponds may not be structurally stable, and it may be more cost effective to remove the tailings than to upgrade the impoundment structure. However it is imperative that these old tailings be fully characterized to determine their suitability for use underground, in order to ensure the long-term integrity of the resulting backfill matrix. A study was conducted to investigate the feasibility of tailings reclamation from old impoundment areas as a significant component in backfill. The materials were first physically and chemically characterized, followed by preparation of samples to determine optimal mix proportions for strength development for both paste and hydraulic fill compliance. It was found that the amount of oxidized tailings included in the backfill material had a profound effect on both the segregation and settling properties of the backfill matrix, as well as the mechanical properties of the samples. The strategies for decision-making, based on the criteria for material characterization, mining plan, and cost effectiveness are discussed.

Aug 1, 2013

By A. M. Esteves

This paper offers an overview of local content policies and practice in the mining sector. Specifically, the paper aims to answer the question of how national and regional governments, industry and civil society can work together to seek an optimal outcome while pursuing their diverse objectives. The paper begins by defining local content and its scope at the subnational level. Specific recommendations for the design of local content policies to mitigate social, economic and governance risks are developed. The document then offers some recommendations regarding the role of partners in design, implementation, monitoring, and enforcement of local content policies.

Aug 1, 2013

By C. R. Kato, G. Proulx

"Within the continuous scenario of reduced aluminium price and plants production costs increase, the energy consumption optimization in the aluminum electrolytic pots continues as the main focus for the producers. Energy consumption was chosen as a key performance indicator to drive the efforts and actions for improvements. Alcoa improved the energy consumption by approximately 3% from 2005 to 2015. This improvement was a result of best practices implementation, new technologies introduction, strategic actions with plant curtailments and management practices. The main objective of this paper is to highlight the importance of the management practices for planning and operational improvements beyond the technology changes. About 10 years ago, Alcoa reorganized its approach to retain knowledge in the Smelters by using a Best Practices format. For each specific subject, a skilled team defined the minimum requirements and the Best Practices for several aspects of operation and maintenance, which affect the environment, safety, cost, customers and performance. These Best Practices were deployed to all Smelters combined with training sessions to process and operation professionals. We will describe how the Best Practices were organized, the deployment strategy used, and the approach to measure the plants’ success. We will describe the management approach that includes Manufacturing Analyses focused on 3-year potential, annual planning, and weekly monitoring of plant stability. A manufacturing analysis is organized at select plants with cross-functional participation of specialists from technical, operational, procurement and finance. The output of a manufacturing analysis includes a roadmap of enablers to improve energy efficiency. A quarterly follow-up of enabler deployment is held with the plant and resources that participated in the analysis. Annually, there is a Planning Process where energy consumption enablers are selected to be implemented during the next 3 years for each plant. A monthly critical analysis is made by the plants with regional best practice support. On a weekly basis, key performance indicators are reviewed with determination of a stability index for each plant. Any deviation signal of unstable condition is alerted and supporting resources are diverted to the plant to reverse trend with countermeasures.INTRODUCTIONDue to factors like excess aluminum in the market and lower consumption in China, the LME price is declining along the last years, as showed in Figure 1. In 2011, the price peaked at US$ 2,400/ton and since then, continues to trend down and approaching the lowest level at US$ 1,500/ton in the last 5 years."

Jan 1, 2016

By Ernest Davis

WATER power, until developed, produces nothing, but when harnessed it continues to produce, it might be said, indefinitely. Hence the importance of developing all feasible water powers. British Columbia, like the western states of America, is subject to variable meteorological conditions which cause most streams to be erratic in their flow. The wet season, usually commencing in October and continuing to March or April, together with the melting of the snows during the early summer, produces a heavy run-off which diminishes considerably during the later s1.1,mmer months, with the result that storage is essential on practically every stream in order to regulate the flow to obtain a discharge which will meet the requirements of the load of the markets the power is to serve. Storage sites of sufficient capacity to equate the flows are not always present and it follows that, where such a deficiency exists, the difference must usually be met by burning fuel in steam plants. Fortunately, there are within the Province deposits of high-grade coal, suitable for the operation of such auxiliary steam plants. One of the strongest reasons for the development of water powers is the conservation of fuel. All use of coal or oil depletes resources that can never be renewed. Every water power developed means a saving in fuel and, even if at first it does not possess an over-powering financial advantage, it must become of ever increasing value as fuel resources become depleted. However, sight must not be lost of the inter-relation which should exist between the two methods of generating electrical energy, as each makes an admirable supplement to the? other with respect to suitability for carrying different types of load. In general, it can be said that the fixed charges of a water power development are usually high in relation to the operation costs, while those of fuel power plants are usually the reverse, so it is sometimes possible to combine the two methods of generation for the more efficient production of energy.

Jan 1, 1942

By Paul Guliov

Preliminary investigations of stone resources were conducted in the La Range, Johnson Lake-Pelican Narrows-Deschambault Lake and Creighton-Amisk Lake regions of Saskatchewan. The work identified a rich variety of accessible, attractive and technically promising stone resources. Ordovician dolomites in various combinations of red, buff, yellow, grey and purple are very dense and take a very good polish. These are classified as marbles in the industry and some rival the famous marbles of Verona, Italy. A wide variety of attractive granites have been identified. Among these is a jade green stone (charnockite) and ornamental banded granites (gneisses). A dark greenish to black stone (amphibolite) with white and red veining resembles the well-known Verde Antique variety of Vermont and Italy and surpasses it aesthetically and in engineering properties. Some of these stones have been displayed at Canadian and United States expositions where they received an enthusiastic response from the international stone industry. More detailed evaluation and test quarrying of promising deposits are required. Such work could be rewarding to the industry as some stone varieties in the province have the potential for gaining international markets.

Jan 1, 2001

By Neil Campbell

"The gently-dipping Devonian dolomite beds south of Great Slave lake in northern Canada are nearly every-where concealed by a cover of glacial drift and muskeg. Nevertheless, in 1898 or earlier, four small outcropping areas of dolomite, richly mineralized with lead and zinc sulphides, were discovered. Exploration work performed here up to the end of 1930, included intensive trenching and drilling of the showings, together with mapping and wide-spaced drilling in the surrounding region. This work proved that the discoveries are isolated pockets of mineralization much too small to be commercially valuable by themselves. No evidence of orebodies elsewhere was reported.Meanwhile, mapping by the G.S.C. in the Shield far to the east disclosed major Precambrian faults, some of which can be projected southwesterly (under a cover of Paleozoic sediments) to the vicinity of Pine Point. During the period from 1940 to 1947, consideration was given, by The Consolidated Mining and Smelting Company Ltd., to evidence of a theoretical possibility that, although apparently dormant in Paleozoic times, these faults may have provided a structural control and a source of ore-bearing solutions in some post-Devonian period. From this, it was postulated that the breaks might have created, in the overlying dolomite, a linear array of orebodies concealed by overburden but lying in a belt of considerable length and in a position predictable within practical limits. A program of drilling designed to test and exploit this specific concept was conducted from 1948 to 1955.he drilling within the new, theoretically-defined search area resulted in the discovery of many lead-zinc ore-bodies, none of which was exposed at the surface. Some of these are large and (as indicated by 1965 production records) very rich. They are situated 1 to several miles distant from, and apparently not connected to, the earlier-known surface discoveries. The drilling also disclosed that the ore, which consists of disseminated sphalerite and galena replacements together with colloform sphalerite and coarse galena cavity fillings, occurs mainly at certain stratigraphic horizons within a large, coarsely-recrystallized dolomite barrier reef. Considerable fracturing and folding was found. It has been suggested that reef development was influenced by post-Precambrian tectonic movements associated with the old faults in the basement complex. The ore may have been deposited by solutions moving from distant sources to favourable structural and chemical environments in or related to the reef.In more recent exploration performed in the course of preparing for mining production, the rate of ore discovery within the same general geological context has been greatly accelerated by the use of new geophysical techniques and drilling equipment. Reserves of 21.5 million tons, averaging 4 per cent lead and 7.2 per cent zinc, were reported in 1965, and production from open pits at the rate of approximately 248,000 tons of concentrates per year is in progress"

Jan 1, 1966

By V. “Ram” Ramachandran

"In view of the increasing number of environmental regulations that have been promulgated all over the world in the last thirty years, non-ferrous smelters and refineries have had to learn and adapt to treating process bleed waste streams containing heavy metals. The result of such treatment invariably yields a gypsum-saturated solution containing salts such as alkali metal sulfates, chlorides and fluorides. Presence of anions such as sulfates, chlorides and fluorides in the discharge streams – presently not a major problem- are coming under increasing scrutiny and will have to be addressed in the near future. It is envisaged that discharge limits for sulfate ions will be in place in the near future. Treatment of brackish water to produce drinking water also results in brine streams containing alkali salts that have to be addressed for proper disposal. This paper reviews treatment options for such streams containing high levels of total dissolved solids with emphasis on sulfate removal. Areas covered would be: a) chemical treatment for removal of various constituents that make up the total dissolved solids b) processes for sulfate removal processes –thermal and non-thermal-to recover and reuse of treated water and c) brine use and treatment options.INTRODUCTIONThe rising cost of water and meeting the ever-changing stringent environmental discharge regulations make water recycling and reuse essential. The metallurgical industry has used water as a medium for dissolving and/or rejecting metals and chemicals in addition to removing thermal energy. Any excess process effluent is collected and sent to end-of-pipeline treatment and ultimately discharged to surface water for disposal under a permit. The conventional- and probably the cheapest way -of treating metal-bearing process effluent streams is lime neutralization followed by sulfide polishing for elimination of heavy metals to produce a stream that meets NPDES discharge limits. This results in a stream containing dissolved solids.These dissolved solids normally comprises of inorganic salts. The possible constituents are cations calcium, magnesium, sodium and potassium. The anions are sulfate, chloride, fluoride, nitrate, carbonate and bicarbonate. In addition to these constituents, the treated effluent streams contain very small amounts of heavy metals, oxyanions such as arsenites, arsenates, selenites and selenates. Process streams from gold operations contain residual cyanide. Small amounts of ammonium ions are also present in these streams based on the pH of the solution."

Jan 1, 2012

Pilot plants for pressure hydrometallurgy represent special design and project execution challenges unique to the industry and to the pilot- and demonstration-scale. Pilot plant projects have different objectives and shorter timescales than commercial plant projects. Design considerations and strategies, and project execution methods that meet the special needs of pilot plant projects, are discussed. Specific guidance is given for the selection of appropriate pressure and temperature design points for pressure hydrometallurgical process equipment, and for the selection of materials of construction for pilot-scale equipment. The balance between the need for process similarity with future commercial operations and the realities of pilot-scale equipment is also discussed.

Jan 1, 2004

By Robert T. McKnight

"Traditional techniques for valuing resource projects companies have been primarily based on discounted cashflow methods (DCF) or by comparison to similar projects with an apparent market capitalization. Many resource projects are really forms of options to invest rather than a future cashflow stream. Employing the DCF method to value a resource project which is really an option to invest, can dramatically underestimate the real value of the project. The analytical tools required to evaluate options, while more complicated than the usual spreadsheets used for DCF, are becoming more easily available and usable by managers. This paper will discuss the background of options valuation and some of the tools which will make it easier for managers to estimate the value of projects and companies which have significant real option values.ResumeBob McKnight is a graduate of the University of British Columbia in Geological Engineering, supplemented by an MBA from Simon Fraser University. Following several years in the oil patch with Cities Service and Brascan, Bob returned to Vancouver in 1979 to work for Wright Engineers. He subsequently went on to work for Cassiar Mining, Getty Resources and Endeavour Financial before joining Pincock Allen & Holt Ltd. in 1998. His experience ranges from exploration to feasibility studies, financial evaluations of mining and oil & gas projects, due diligence, project finance, valuations and mergers and acquisitions. He has extensive international mining experience pertaining to such countries as Chile, Mexico, Uruguay, Thailand, Indonesia, Angola, Papua New Guinea, Kazakhstan.What are Options?Options have been around for centuries. They were familiar to Roman and Phoenician traders who were shipping cargoes from Mediterranean seaports. In the financial world, options are types of contracts that generally include the right, but not the obligation, to buy or sell a share, currency or commodity. The underlying commodity price or share price changes are assumed to be lognormally distributed. In this context, options are of two general types, ""call"" options and ""put"" options. Call options have the characteristic of having the right to buy a tradable commodity or currency at a predetermined price for a specified period of time. For the owner of call options, they become more valuable as the price of the underlying commodity increases. For the seller of call options, these options become an increasing liability as commodity prices rise, since there is the obligation to sell the commodity at a predetermined (perhaps lower-than-market) price. This characteristic of call options recently became high profile with the sharp rise in gold prices last year. The value of gold call options sold by certain producers increased their associated liabilities to the point where margin calls were made."

Jan 1, 2003