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By A. Ouchi

This paper presents ground control best practices in weak rock environments including the "Unsupported" Weak Rock Updated Span Design Curve and awareness pertaining to the potentially detrimental effects of using resin grouted rebar in weak rock masses and the false sense of security that the use of resin grouted rebar may instill. Ground support is almost always used in weak rock environments, though the type of support used can vary widely. The development of the Weak Rock Updated Span Design Curve by the addition of 463 case histories of RMR76 values ranging from 25 to 60, has also been calibrated to four different support categories; Category A: Pattern Friction Sets, Category B: Pattern Friction Sets with Spot Bolting of Rebar, Category C: Pattern Friction Sets with Pattern Rebar Bolts and Category D: Cablebolting, Shotcrete, Spiling, Timber Sets or Underhand Cut and Fill. Design of underground man-entry type excavations in North America relies heavily upon empirical analysis. This design requires a higher Factor of Safety than other non-man entry type excavations. A comparison of the calculated ½ span failure Factor of Safety between all the categories is also presented.

May 1, 2009

By J. C. Keenan

Company-community agreements are widely considered to be a practical mechanism for recognising the rights, needs and priorities of peoples impacted by mining, for managing impacts and ensuring that miningderived benefits are shared. The use and application of company?community agreements is increasing globally. Notwithstanding the utility of agreements, the gender dimensions of agreement processes in mining have rarely been studied. Prior research on women and mining, however, does show that women are often more adversely impacted by mining than men, and face greater challenges in accessing development opportunities that mining can bring, however there is currently little to no guidance for companies, government or communities in terms of bringing a gender perspective to the fore in mining and agreement processes. While it is undisputed in human development literature that investment in women and sensitivity to gender delivers long-term health, education and local development outcomes, a number of key factors remain unexplored in debates about mining and development. These include: women?s participation in agreement processes, the gendered distribution of agreement benefits, and the extent to which impacts and benefits influence (either positively or negatively) women?s development and economic inclusion. This paper presents the results of an applied research project undertaken by the Centre for Social Responsibility in Mining (CSRM) at The University of Queensland and funded by a partnership between the Minerals Council of Australia (MCA) and the Australian Agency for International Development (AusAID). The project sought to connect with practitioners who had been directly involved in agreement processes to hear grounded perspectives on the interaction of gender dynamics and agreements, and connect those experiences with the broader literature. Findings from this study have implications for the role of companies and governments in promoting gender equality and empowerment as part of their commitments to sustainable development. A key challenge for companies will be navigating the territory of cultural norms and gender equality. The authors argue that without consideration of the gender perspective, and appropriate responses, mining agreements may not be inclusive or representative and may exacerbate gender inequalities and fail to contribute to long-term sustainable development.

Aug 1, 2013

By K. Morin, C. -Y. Hon, G. Lachapelle

"Air-sampling results suggest drill operators working inside environmental drilling cabs at an open-pit gold mine in Nunavut, Canada, are at risk of exposure to asbestos and silica (quartz). The authors installed RESPA® CF Vortex HyperFLOW® units, which showed promising results under laboratory conditions. The goal was to evaluate the effectiveness of these units under actual working conditions. Personal and area air sampling was conducted in drilling cabs with and without the unit and a Wilcoxon rank-sum test was performed to compare the results. Particulate concentrations were significantly lower in drill cabs with a unit installed than in those without.RÉSUMÉ Selon les résultats d’une campagne d’échantillonnage de l’air, les foreurs travaillant dans des cabines de forage environnemental dans une mine d’or à ciel ouvert du Nunavut, au Canada, risquent d’être exposés à l’amiante et la silice (sous forme de quartz). Les auteurs ont installé des unités RESPA® CF Vortex HyperFLOW®, lesquelles of frent des résultats prometteurs en laboratoire. L’objectif est d’évaluer l’efficacité de ces unités dans des conditions de travail réelles. Des échantillons de l’air inhalé par le personnel et dans les aires de travail ont été évalués dans des cabines de foreuses équipées ou non de cette unité ; un test de Wilcoxon (également appelé test de la somme des rangs de Wilcoxon) a été mené afin de comparer les résultats. Les concentrations particulaires étaient considérablement plus faibles dans les cabines de foreuses équipées d’une unité que dans celles en étant dépourvues.INTRODUCTIONGenerally, mining operations are associated with a variety of occupational hazards. In an open-pit gold mine in Nunavut, Canada, drill operators are routinely exposed to asbestos (primarily amosite) and silica (quartz)—two naturally occurring substances in the ore that is to be drilled (Table 1). Inhalation is the primary route of exposure for these two hazards, which are associated with respiratory health effects such as asbestosis and silicosis, respectively. In addition, asbestos and silica are classified as human carcinogens by the International Agency for Research in Cancer (2001, 2011). Given the toxicity of these two agents, it is imperative that precautions be taken to minimize the risk of exposure of the mine’s workforce. To address this matter, the mine has an exposure-control plan, which includes the provision of personal protective equipment, personal hygiene facilities, training, and a medical surveillance program. Furthermore, the mine performs occupational exposure assessments or air sampling on a regular basis because the morphology of the ore changes rapidly with respect to asbestos and silica content."

Jan 1, 2017

By Jochen Petersen, Caroline Muzawazi

The technical feasibility of ammonia leaching of PGM bearing Platreef flotation concentrates was investigated as an alternative method for the recovery of base metals prior to precious metal recovery. The composition of the concentrates includes 2.02% Cu and 3.17% Ni, and the major base metal minerals are chalcopyrite and pentlandite. Optimal leaching conditions were initially established in shake flask experiments to be a solution containing 4 M NH4OH, 4 M (NH4)2CO3 and a pH range between 9 and 10. These were used as base case conditions in column and batch stirred tank reactor tests, where the effects of total ammonia concentration and operating temperature were explored further. At optimal conditions nearly 100% Cu and Ni extraction were obtained in the batch stirred tank reactor, and 95% Cu and 60% Ni extraction was obtained in columns. The activation energy for chalcopyrite and pentlandite was 36 kJ/mol and 16 kJ/mol, respectively, in both reactors, indicating different reaction pathways for the two minerals. Gas-liquid mass transfer appears to be the limiting reaction step in columns much more than in tanks, and the degree of ammonia loss to air is significant. This initial test work indicates the feasibility of using ammonia leaching for this and similar materials as an alternative route to conventional smelting and refining prior to PGM recovery, but a number of technical challenges still need to be overcome.

Jan 1, 2014

By M. Turner-Jones, N. Steenekamp

"The Lonmin Base Metal Refinery treats converter matte from the Lonmin Smelter to produce nickel sulphate crystals, copper cathode as well as a concentrate containing the platinum group (PGM) metals. The original process employed a Sherritt design and utilizes atmospheric and pressure leaches for the dissolution of base metals. This paper describes the original flow sheet and the improvements made to enhance PGM recoveries, product quality and to increase capacity. Changes include the introduction of flash recycle cooling on the autoclave, batch leaches to improve the quality of the PGM concentrate and the implementation of solid-liquid separation with centrifuges. INTRODUCTIONThe Lonmin Base Metal Refinery (BMR) is about 100 km north-west of Johannesburg and treats converter matte from the Lonmin Smelter to produce nickel sulphate crystals, copper cathode and a concentrate containing the PGMs. The plant was commissioned in 1985 based on a Sherritt design to treat 12 tonnes converter matte per day. The original flow sheet consists of a milling circuit, an atmospheric leach and a pressure leach to produce a PGM concentrate which is despatched by helicopter to the Lonmin Platinum refinery in Brakpan, about 40 km east of Johannesburg. The liquor from the atmospheric leach is treated by crystallization to produce a nickel sulphate hexa-hydrate crystal. The leach liquor from the pressure leach is treated by a selenium removal step followed by electro-winning to produce copper cathode. The spent solution from the copper electro-winning is recycled to both the atmospheric and pressure leach steps to provide sulphuric acid for the leaching reactions.Modifications were made to the original circuit to increase the plant capacity, to improve the PGM recoveries and to improve the quality of the PGM concentrate. Capacity increases included all the unit operations, new mill, new first stage, additional autoclaves, additional nickel sulphate crystallizers, new copper electro-winning and new batch leach reactors for upgrading the PGM concentrate. The current circuit is described in this paper and not the detailed history of each plant change."

Jan 1, 2012

By K. E. Waters, C. Marion, T. Grammatikopoulos, A. Jordens

"The Nechalacho deposit, located in the Northwest Territories, Canada, is a heavy rare earth element (REE) deposit. The main REE-bearing minerals in the deposit are zircon, allanite, bastnäsite, synchysite, columbite (Fe) and fergusonite. Previous work investigated the use of gravity and magnetic separation in the processing of this ore and showed that coarse particles following grinding were enriched in zircon, suggesting the potential for selective comminution. The current work investigates the possibility to selectively comminute gangue minerals and concentrate REE-bearing zircon into coarser size fractions. The ore was ground wet in a laboratory rod mill for various lengths of time (0, 10, 20, 30, and 40 min). The resultant products were analyzed using ICP-MS, to determine the distribution of zirconium and REEs in the different size fractions produced after grinding, and QEMSCAN, to identify mineral phases, mineral liberation and the distribution of minerals. Optimum grind sizes for the upgrading of zircon due to selective comminution were then proposed, and dense medium separation was investigated as a means to further concentrate zircon.It is important to note that this process is not representative of the currently selected process design or recovery for the Nechalacho deposit. Any application of this process to this deposit would require optimization in order to ensure appropriate grade and recovery targets are met.INTRODUCTIONThe rare earth elements (REEs) are the fifteen elements in the lanthanide series of the Periodic Table, as well as yttrium (scandium is excluded in this work). Traditionally, REEs are categorized into two groups: the cerium sub-group of “light” rare earth elements (LREEs); and the yttrium sub-group of “heavy” rare earth elements (HREEs) (Golev et al., 2014). The LREEs comprise the first six lanthanides (lanthanum through samarium) and the HREEs comprise the remaining nine lanthanide elements (europium through lutetium) coupled with yttrium (Golev et al., 2014). HREEs are much less abundant in the earth’s crust and on average are more expensive than LREEs (Seredin, 2010). Of the fifteen REEs, the production of neodymium, europium, terbium, dysprosium and yttrium has been determined to be most critical due to their scarcity, high demand and criticality in many high-technology and clean energy applications, such as in illuminated screens for electronic devices and permanent magnets in wind turbines (Seredin, 2010; U.S. Department of Energy, 2011). These five elements are classified as critical rare earth elements (CREEs) (U.S. Department of Energy, 2011)."

Jan 1, 2016

By L. Don Leet

Abstract Earthborne vibrations from blasting and other sources, including rock bursts, can now be recorded effectively. The nature and magnitude of vibrations from various sources have been investigated and certain applications of the knowledge thus gained have been made. Vibrations from blasting have been measured on special equipment over a range from an electric blasting cap at a few feet, through the largest quarry shot in history to date ( 1,-362,985 lb.), to the first atomic bomb, in uew Mexico on July 16th, 1945. Laws relating amount of explosive to amount of vibration at different distances have been developed and tested. Special studies have been made of the effects of vibrations on buildings, particularly from the standpoint of possible structural damage. Recorded vibrations are used to study the effects of modern short-period delay shooting. It ?has been found that short-period delay firing is extremely effective in reducing vibrations under the right conditions, but with certain limitations. In quarry shooting, there appears to be a minimum number of holes below which vibrations are not appreciably reduced by short-period delay firing. In several instances this minimum has been near 7. Vibrations in the ground from rock bursts and the effects of mining in stresesd ground have been studied both underground and on the surface in a search for a rock burst warning system. Introduction Earthborne vibrations from blasting and other sources, including rock bursts, can now be recorded effectively. Analyses of blasting records have been yielding increasing funds of information of practical as well as theoretical interest. The nature and magnitude of the vibrations have been investigated with special reference to their effects on structures.

Jan 1, 1951

By Jon A. Carlson, W. Scott Williams

The EKATI"" Diamond Mine commenced operation in October 1998. It is operated by BHP Diamonds Inc., which is a part of the Non-Ferrous and Industrial Materials Division of BHP Minerals, a business unit of BHP Company Ltd. of Melbourne, Australia. The EKATI"" Diamond Mine is a joint venture of BHP Diamonds Inc. (51%), Dia Met Minerals Ltd. (29%), Charles E. Fipke (10%) and Dr. Stewart L. Blusson (10%). In December 1993, an office was opened in Yellowknife, Northwest Territories specifically for the then Northwest Territories Diamonds Project (EKATI"" Diamond Mine) development. EKATI"" Diamond Mine is located 300 kilometres northeast of Yellowknife and 200 kilometres south of the Arctic Circle in the Northwest Territories of Canada (Figure 1 ). The site is located in a remote tundra area of continuous permafrost, north of the tree line, which is part of the Canadian Shield. Wekweti (Snare Lake), a Dogrib community approximately 180 kilometres southwest of the project, is the closest neighbour. The mining area and facilities lie within the 10 960 hectares land leases held by the joint venture. The total claim block (core zone and buffer zone joint ventures) covers 344 000 hectares. To date, more than one hundred kimberlite pipes have been identified within the claims. Five of these provide the basis for the present mine plan. Total capital investment in the project is over C$700 million. At full production employment will be about 600, including employees and long-term contractors, with over 33% being Aboriginal from the Northwest Territories.

Jan 1, 2001

By Edward Sampson

Bases of National Power At a time when the economy of the world is in a particularly troubled state it is appropriate to examine some problems of the distribution of natural resources. I should like particularly to call attention to the remarkable increasing demand for natural resources, to give an analysis of the demand for certain mineral resources, and to direct attention to some problems in satisfying this demand. All industrial power is based on natural resources and the most basic of these are soils, energy resources, and mineral resources. There is a strong interrelation of these resources, more than is obvious, and I shall take up certain aspects from the point of view of a geologist. Few nations are well endowed with all three of the kinds of natural resources I have mentioned and much has been done by some small countries whose peoples are industrious and enterprising and where conditions for free world trade have been favourable. However, major industrial power is dependent on a substantial endowment of all three classes.

Jan 1, 1949

By L. S. Rivett, U. M. Oko

The Strathcona mine, with a large new underground operation and concentrator, was recently brought into\ production by Falconbridge Nickel Mines Ltd. The tailings disposal and water utilization problems at Strathcona are described in this paper, with sections devoted to the Moose Lake watershed system, tailing impounds, the construction of dams and the operation of the Moose Lake neutralization plant for the elimination of acidity, including the equipment used.

Jan 1, 1971

By M. C. Bétournay, J. E. Udd

"The legacy of abandoned mines in Canada creates issues that impact on both the health and safety of Canadians and the environment. Solutions to the problems of abandoned minesites require a detailed understanding of site conditions, the engineering solutions which may be relevant, and planning for effective use of the land. In this paper, the authors outline the basic thrusts that have been developed at CANMET to address this problem. These include: multiprovincial agreements to develop a national database; methods of site rendering; a ten-year research program to develop engineering approaches; the review of a large number of case studies; and outlining the associated risks. Examples of the applications of this research are provided in the areas of: municipal, provincial, and federal co-operative projects; site-specific applications; and international linkages."

Jan 1, 1997

By M. Li, T. H. Dubaniewicz, H. N. Dougherty

"INTRODUCTION Underground mines have the risk of accumulation of gases if not ventilated properly or during and after emergency situations when ventilation controls become damaged or stop working. Common gases that are monitored in underground coal are carbon monoxide (CO), oxygen (O2), and methane (CH4). Methane is a gas found in coal and released through mining; its explosive range is between 5% and 15%. Methane is commonly monitored on all mining equipment and with handheld gas sensors carried by most underground coal miners. Fiber optics (FO) is a popular technology applied in underground mining, particularly for its electric isolation. Many miners are familiar with FO cables hung throughout the mine, which are primarily used in the communication of voice and data (Taylor et al. 2010). Advancements in laser and fiber optics have made this technology well suited for gas sensing the harsh environment of mining applications. The work of the U.S. Bureau of Mines on the use of fiber optic monitoring of gases in mines started in 1992. Dubaniewicz et al. (1992, 1993, 1995, 1999, 2003) developed prototype gas sensors, including methane gas sensors, for research purposes. Previous research (Dubaniewicz & Chilton 1992) identified potential fiber optic gas detection cross-sensitivities associated with the index of refraction of various gases. Index of refraction effects was noted for carbon dioxide (CO2), which is produced in significant quantities by mine fires or explosions. NIOSH released a broad agency announcement (BAA) for the development and demonstration of mine safety and health technology (CDC NIOSH 2017). The objective of this announcement was to validate a sensor, specifically fiber optic, for the mine environment and test it in an actual working mine. The RSL FO sensor “OptoSniff” provided from this work is capable of hundreds of sensing points over distances of up to 20 km, has a measurement range of 0.05% to 100%, senses in an oxygen- deficient environment, and has no gas cross-sensitivity (RSL, 2014). The RSL system is totally electrically passive outside the central control unit (CCU), which can be housed in an MSHA-approved explosion-proof (XP) enclosure or in a control room outside of the permissive area. The sensor was tested in dusty and signal loss situations, showing it is tolerant of dust, has functioned at signal losses up to 90%, and was successfully tested in a mine environment for a five-month period (Walsh et al. 2014). This paper describes how the RSL FO sensor is used for testing using smoke and its contaminants for applicability in emergency situations. The testing investigates individual contaminants such as CO2, temperature, and smoke. Each test was performed separately and methane concentration, laser power, and response time data were collected."

Jan 1, 2019

By Horace Freeman

Introduction In the aggregate, directly and ?indirectly, the pulp and paper industry ? consumes very large quantities of a variety of minerals, or compounds prepared from minerals. This is especially true in the manufacture of news-print, but fine papers, also, account for some of this consumption, in the processes of loading, coating, and otherwise improving the finish. The more important of the minerals used in the industry in Canada are briefly dealt with in the following pages. The list is by no means exhaustive, however. Thus, barite, lithopone, zinc oxide, zinc sulphide, and titanium oxide are used in small quantities in Canada in filling and coating paper. Up to the present time, however, the quantities of these materials used in the paper industry have not sufficed to encourage their manufacture in Canada. In the case of barite (barium sulphate)-or of witherite (barium carbonate)-it may be said that, should deposits of commercial size be discovered in Canada, the ore would have considerable export value, for use in the paper and other industries. China-Clay (Kaolin) Considerable quantities of china-clay are used for brightening and improving the finish of paper, and there is a growing tendency to use larger amounts of this material in newsprint manufacture. No china-clay suitable for paper manufacture is at present produced in Canada, but samples have been forthcoming recently from a deposit near St. Remi d'Amherst, Labelle county, Que., about thirty miles north of the Ottawa river and approximately midway between Montreal and Ottawa, and plans are under way to conduct large-scale tests with this material. Present sources of supply are the United States, England, and Russia.

Jan 1, 1934

By M. Vallée

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

Jan 1, 2000

"Far from being eclipsed by petroleum and natural gas, Canadian coal continues to command wide (and apparently growing) interest.Major R & D investigations are currently heavily oriented toward coal beneficiation (e.g., cleaning and utilization of fines) and toward a broad range of studies on metallurgical coals and cokes. However, active work is also being carried out in the areas of coal geology, mining, transportation and combustion; and, in some laboratories, increasing stress has been laid on developing a number of new, essentially non-fuel uses for coal and coal products.This review summarizes the work of Canadian coal research agencies during 1966 and indicates some of the more important advances made by them."

Jan 1, 1967

By D. J. Zuliani

A mass and energy balance for a modern electric arc furnace ("EAF") indicates that about 70% of the process energy losses are contained in the off-gas as chemical energy in the form of uncombusted CO and H2 and as thermal energy. Given the magnitude of the off-gas energy losses, improved EAF energy efficiency needs to focus first on controlling furnace practice to maximize "in-EAF" energy utilization and second, on recovering residual energy in the off-gas existing in the fume system. This paper focuses on the application of off-gas analyzers, sensors and process models to control and optimize "in-EAF" energy utilization efficiency. The paper will also discuss the application of heat recovery technology to EAF steelmaking.

Jan 1, 2015

By Wang Xianzheng

For a long period of time, the Chinese Government has been attaching great importance to and supporting the rapid development of the coal industry. Particularly since more than 30 years ago, when China introduced the Reform and Opening-up policy, the reform and development of the Chinese coal industry has witnessed world-recognized achievements. National coal production increased from 618 million tonnes in 1978 to 3.52 billion tonnes in 2011. While China?s coal production accounts for 49.5% of the world?s total, its annual production growth contributes to over 80% of global production growth. China is a country utilizing coal as its main source of energy. As the Chinese Government gives support to the rapid development of new and renewable energy sources, as well as to increased coal utilization efficiency, the ratio of coal in the primary energy consumption mix will gradually decline. However, for a long period of time to come, the total volume of coal demand will keep rising modestly. The Chinese Government has been highly committed to and actively promoting the overall, coordinated and sustainable development model, which puts people first. It has put forward a strategic task to build an ecological civilization, and highlighted its resolve to uphold the basic national policy of resource conservation and environmental protection, with a view to the pursuit of sustainable development. China will incorporate its response to climate change into the national economic and social development program, and take effective measures to lower CO2 emissions 40?45% per unit of GDP in 2020 compared to 2005. At the same time, China will increase the ratio of non-fossil fuels to 15% in the primary energy consumption mix. All of the above factors have raised requirements for the Chinese coal industry, with implications for clear directions, plans and goals for the development of the coal industry.

Aug 1, 2013

By R. J. C. MacDonald

"The first recorded discovery of placer gold in Canada was on the Chaudiere River in Quebec's eastern townships in 1832 and the first major production came from placer deposits in British Columbia in 1858 (Verity 1974). Placer deposits were the major source of gold until the late 1890's, although lode deposits were found in Nova Scotia in 1862. In 1896 the Klondike Gold Rush commenced with the discovery of gold by Henderson and Carmack in the Yukon. The peak was reached in 1900 when over one million ounces of gold valued at approximately $22.3 million were recovered. With the exhaustion of the easily accessible deposits, more capital intensive operations were necessary such as those initiated in 1906 by the Yukon Gold Corporation. This giant dredging operation continued to produce until 1966. Today only a few small operations remain.The development of Canadian lode gold mining began in earnest around 1900 when the railroads were opening up the interior and western part of the country. At this time many discoveries occurred, particularly where mineral outcroppings were near surface. Tremendous impetus for exploration and the reopening of former producers followed the elimination of the gold standard by Great Britain around 1931, and more importantly the United States in 1933, with subsequent stabilization of the price of gold at $35 per ounce in 1934. Prior to this the price of gold was basically unchanged since 1717, approximately, $20 per ounce (Verity, 1974; Green, 1973).The depression of the 1930s adversely affected most industries, however for the gold producers it was a very profitable time. Prices of materials and equipment declined and labour was cheap and plentiful. Interest in gold mining was further stimulated in 1936 when a three year tax exemption was declared for all new metal mines. In 1938 a decline in the value of the Canadian dollar relative to the U.S. dollar benefitted the industry. The second world war provided yet again further incentive for gold production and in 1941 Canadian gold production reached a high of approximately 5.4 million ounces. This figure was not surpassed until 1991 when approximately 5.6 million ounces were produced (Natural Resources Canada, 1996 )."

Jan 1, 1998

By Júlio C. Lúcio

Consider the case of a mining company with N investment opportunities in projects of different commodities. The problem is: since the company has limitation of capital, equipments, technical staffs, etc, what is the best portfolio of production projects in order to maximize expectations from shareholders? In the no-longer past, the traditional method for the selection of portfolio of projects was the rank-an-cut method. But, this does not properly account for the risk to which the company is exposed. The Markowitz?s Mean-Variance is an advance because the risk of the NPV can be estimated at the level of the company or even division of the corporation. The final product of the Markowitz?s model is the efficient frontier, in which, the manager can clearly understand the maximum return from existing assets and the associated risk level - but this model does not recommend which one is the best portfolio. In this paper we present a model to select the best portfolio considering not only economic indicators, but also requirements of production, constraint in investments, etc. We show that if investors are diversified, managers should select projects with highest return, regardless of risk. However, in practice, if bonuses of managers are tied to their performance, the choice for portfolio with lower return and risk can happen. Numerical application considering typical portfolio of large mining company is used as example.

May 1, 2009

By John Rowson, Caitlin Brown, Kebbi Hughes, Joseph Esslifie-Dughan

The McClean Lake mill in northern Saskatchewan, Canada, is operated by Orano Canada Inc. and has been in production for the last 20 years. The tailings preparation process at the mill has been designed with decommissioning in mind, to produce tailings that are geochemically stable over the long-term within the site’s tailings management facility. Twenty years of study have contributed to a detailed understanding of geochemical and geotechnical properties of the McClean Lake tailings. Validation of the tailings properties has occurred through in-situ sampling campaigns conducted initially every year, and later every five years. Each sampling campaign has applied the same rigorous sampling procedure to provide data with useful correlations year over year. Each campaign result compares elements such as the inherent variability of the tailings, consolidation of the tailings and variations in the tailings placement methods. We will discuss lessons learned from seven sampling campaigns over 20 years and present data to show the reliable tracking of geochemical evolution of the in-situ tailings over time; providing opportunities for continuous improvements.

Jan 1, 2020