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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 J. Beddoes

Many high strength aerospace alloys undergo solution heat treatment (SHT) and aging to develop precipitate strengthening. Most simply, SHT involves an isothermal hold in a single phase region followed by relatively rapid cooling to develop a super-saturated solid solution from which precipitates form during aging. However, subsequent properties are sensitively dependent on the details of the SHT, which frequently also serves a homogenization function. Altering the details of the thermal cycle during SHT significantly improves the properties attained during aging, as presented by examples of SHT design for titanium aluminide intermetallics, polycrystalline and single crystal superalloys, and 7075 aluminum.

Jan 1, 2010

By N. Katsikaros, R. Agius, B. Adaszynski

"With stricter limits globally being imposed on cyanide discharge levels in plant tailings, having a reliable and well designed cyanide detoxification circuit is critical for any operation. The INCO SO2/Air method is most commonly used for cyanide detoxification where sulfur dioxide and oxygen combine to oxidize cyanide to the much less toxic cyanate. This paper discusses the steps involved with the development, from laboratory through to design, of a robust cyanide detoxification circuit. The goal is to produce a cyanide detox circuit that reliably meets discharge target with the lowest operating and capital cost.Design begins in the laboratory where continuous tests simulate full scale operation of a detoxification circuit. Detailed design relies on several design parameters, based on theory and experience, to ensure the reactor can satisfy requirements of the cyanide destruction reaction. Selection of the correct reagents and their supply to the reactor is important to an operable process with minimal operator workload. The operability of the system relies on correct process control strategies to maintain optimal reagent addition and chemical conditions in the reactor. These design factors are critical to providing a robust plant that will consistently meet cyanide discharge levels, ensuring uninterrupted production and plant profitability."

Jan 1, 2014

By R. M. BUCHANAN

The segment of Canadian industry based on smelting of alum in um and manufacture of consumer products is based entirely on imported alumina and bauxite. In the absence of Canadian bauxite deposits, consideration of anorthosite, a less desirable aluminous rock, is being undertaken as one alternative in maintaining assurance of supply. Anorthosites in Canada cover many thousands of square kilometres of the Precambrian Shield. Although compositions vary widely among Canadian anorthosites, many appear to exceed the specified minimum of 25% A I 20 3 in bodies containing more than the required JOO million tonnes. A lthough most Canadian anorthosites are of Precambrian age, one located in British Columbia has been identified as being Middle _Cretaceous.

Jan 1, 1984

By F. Baczek, S. S. Rocks, D. Chaiko, C. Eyzaguirre, S. Asihene, T. Walters

The majority of efforts to improve primary copper sulfide leaching have focused on solution chemistry, temperature, O2 pressure, ultra-fine grinding, the use of catalysts, etc. Historically, very few studies have focused on the solid/solution interface. A new, patent pending approach to catalyzed, copper sulfide leaching has been discovered by FLSmidth that enables manipulation of the 2-D semi-conductor properties of chalcopyrite surfaces to the benefit of higher electrochemical reactivity. Copper dissolution rates are then further accelerated by incorporating a Stirred Media Reactor (SMRt) into the process. By using minute amounts of Cu2+ to "pre-activate" chalcopyrite, leach times have been reduced from >20 hours with incomplete Cu dissolution to <2 hours with 98+% Cu dissolution at 80°C. The pre-activation process takes only minutes to complete at temperatures of 80°C or less. The total atmospheric leaching process, incorporating the pre-activation and Stirred Media Reactor is compatible with existing SX/EW processes. Results of batch leach testing are presented and possible mechanisms are discussed.

Jan 1, 2015

By R. Krentz, P. D. Cordingley

The nickel-cobalt sulphides produced from limonitic laterite ores by Moa Nickel S.A. in Cuba are refined at the Corefco nickel-cobalt refinery in Canada. Major changes to the refining process were required when the Moa sulphide feed, with its unusually high cobalt content, was introduced in the early 1990&apos;s. In the period 1994 to 2005 the production capacity of the refinery has increased dramatically to match increases at Moa, and significant process improvements incorporated. The process flowsheet consists of the original ammonia leach process, optimized for cobalt chemistry and overall leaching capacity. Extraction of metal values is followed by the unique nickel-cobalt separation technology, in which most of the cobalt is separated from the ammoniacal nickel sulphate leach solution by precipitation as a nickel-cobalt hexammine salt. This salt is refined from a Co:Ni ratio of 1:1 to over 10,000:1 by selectively leaching nickel, redissolution and recrystallization in ammonium sulphate solution. Nickel and cobalt are recovered using the well-known Sherritt hydrogen reduction technology. This paper reviews the chemistry described above, examines some of the changes in operating conditions made over the years and highlights some of the recent physical changes made to the refinery.

Jan 1, 2005

By Frédéric Bélanger, George P. Demopoulos, Pascal Coursol, Thomas Feldmann

"The use of scandium in industrial applications is expected to rise in the coming years, in large part due to the expected adoption of new, clean energy technologies such as solid oxide fuel cells or Sccontaining high strength aluminium alloys. Given that the supply of Sc is currently dominated by only a few countries (Russia and China) other sources for scandium extraction need to be investigated. This paper looks at different options for the recovery of scandium from waste solutions generated during the production of TiO2 pigments via the chloride process route. In particular, a direct solvent extraction (SX) approach and possible options for concentrating scandium before the SX step were investigated. It was found that the presence of Ti during solvent extraction causes severe formation of stable emulsions, which can complicate the successful application. This was particularly a problem after multiple contacts of the organic phase with fresh aqueous phase. On the other hand it was noticed that the presence of certain elements in the solution, e.g., iron, could possibly be utilized to concentrate scandium in a solid precipitate.INTRODUCTIONMany newly developed high-tech products depend on the use of chemical elements that are only produced in very small quantities. This can result in high and fluctuating prices, as can be seen from Figure 1, which may cause substitution with inferior alternatives, if possible at all (Reck & Rotter, 2012; US Dept. of Defense, 2013; Whittaker, 2011). One example is scandium (Sc) a member of the extended rare earth element family. There are only a few scandium ore deposits, but most Sc is produced from the processing of by-products of other metallurgical processes (Melcher & Wilken, 2013). Increasing demand for scandium metal and oxide (Sc2O3, scandia) is coming from its increased use in applications such as ceramic lasers (Li, Ikegami, & Mori, 2005; Rainer et al., 1982), high strength aluminium alloys (Lathabai & Lloyd, 2002) as well as solid oxide fuel cells (SOFC) (Thijssen, 2011). Especially, the spread of climate friendly SOFC’s, which are a commercial product today (Bloom Energy, 2014), is expected to be a main driver for future Sc2O3 demand. However, the rate of market penetration of this green technology depends on the availability of high purity Sc2O3 (>99.999%), since it specifically contributes to longer life-time and better safety of the SOFC’s (Bloom Energy, 2014; Irvine, Politova, & Kruth, 2005)."

Jan 1, 2016

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 H. P. Pew

THE Pembina oil field is in west-central Alberta, about 88 miles west-southwest of Edmonton. The field, about 35 miles long by T HE Pembina oil field is in west-central Alberta, about 88 miles west-southwest of Edmonton. The field, about 35 miles long by 85 miles wide, is the largest in Canada in areal extent, in the amount of oil in place and in the current producing rate. The discovery well was completed in the middle of 1953. The field has grown until its present area is 369,820 acres. There are 74 working interest owners in the field. Early in the producing history of the Pembina field a committee of operators was formed on a permanent basis. The Pembina Operators' Committee has established a permanent staff, which compiles and distributes pertinent field information on a regular basis to all participants. The Alberta Oil and Gas Conservation Board has dealt with field-wide problems primarily through this committee. Expansion of the field was rapid as shown by the number of wells completed -from 135

Jan 1, 1961

By CIM Mineral Resource

On January 9, 2018, the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Council formed the CIM Mineral Resources and Mineral Reserves Committee (CIM MRMR Committee), which is a combination of the previous Standing Committee on Reserve Definitions and the Best Practices Committee. As part of its mandate, the CIM MRMR Committee updates guidelines for use by Industry, which include the Uranium Practice Guidelines. The 2024 CIM Uranium Leading Practice Guidelines were adopted by CIM Council on November 22, 2024, and supersedes the 2003 version. The main principles and guidelines relating to preparation of Mineral Resource and Mineral Reserve (MRMR) estimates are provided in the CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (MRMR BP Guidelines, as updated from time to time). The MRMR BP Guidelines provide information pertaining to metalliferous and other deposits and many sections are readily applicable to the preparation of MRMR estimates for uranium deposits. However, additional guidance is appropriate for uranium deposits due to the radioactive nature of uranium, and its amenability, in some cases, to in situ recovery (ISR) mining methods.

Nov 1, 2024

By The Staff

Development of the Eldorado Mine THE pitchblende-silver deposits of Great Bear lake, Northwest Territories, were discovered by Gilbert LaBine in 1930. The property owned by Eldorado Gold Mines, Limited, consists of 53 claims situated, for the most part, on LaBine point, on the northeast shore of the lake. The Company also holds a group of 10 claims on Dowdell point, 7 miles to the southeast of the main group and across Echo bay. The fractures traversing the ridge on LaBine point can be readily seen from the air. Lack of overburden and the scantiness of vegetation leave rock exposures which are visible for miles. The years 1931 and 1932 were spent largely in staking, prospecting, and examination of the outcrops. A small Diesel plant was shipped to the property in 1932 and underground operations were started. Entry was made into the ore-body by means of an adit. A 20-ton mill was completed in the winter of 1933-34, and since then operations have been continuous, except for temporary shut-downs for additions to the mill. TRANSPORTATION The mine is situated 28 miles south of the Arctic Circle and is reached by an air route of 1,140 miles from Edmonton. The water route follows the course of the Mackenzie River system from Waterways, Alberta, the end of steel, and is approximately 1,450 miles in length. Two portages, at Fort Smith and on the Bear river, respectively, are necessitated by the occurrence of fast water. Transportation was one of the major problems to be solved, and Eldorado Gold Mines, Limited, found it necessary to embark upon both water and air freighting on its own account. The Company now operates a Bellanca &apos;plane with a payload of 4,400 pounds, and a complete water transportation system. The latter was established some years ago by the Northern Transportation Company and it is still operated under that name, but the Company is now a subsidiary of Eldorado. Modern steel boats, oil tankers, and barges were added to the fleet this season. The greater part of the ore shipments are made by water, aircraft being used for this purpose only when occasion demands. Freight rates have been greatly reduced by direct ownership of carriers. For example, water-borne freight is now quoted &apos;to the mine at $ll0 per ton, as compared with $240 per tan four years ago.

Jan 1, 1938

"In a continuing investigation into the development of uranium alloys for armament applications, some complex base alloy corn positions were modified by varying the amount of alloying elements and by removing one or two of the alloying elements in turn from the base alloys. These uranium-base alloys were specially formulated in a search for heat-treatable, high-strength, ductile, high-density alloys. All alloys studied were ternary, quaternary or more complex alloys of uranium with molybdenum, zirconium, niobium and vanadium. Each cast alloy was studied under three different heat-treatments, and its mechanical and corrosion properties were determined. It was found that although most of the alloys studied had the hardness and strength required, they were extremely brittle and notch-sensitive under tensile stresses."

Jan 1, 1968

By Guy Archambault, Réal Daigneault

"Un trait marquant du cadre tectorwstratigraphique de la Sous-province de l'Abitibi est la présence de nombreux couloirs de déformation d’extension régionale et sub-concordants au grain stratigraphique. La présence de grandes masses granitoïdes qui perturbent l'allure du grain tectonique est typique de la partie nord de la Sous-province de l'Abitibi. Des rides E-W constituées de complexes plutoniques précoces forment des reliefs structuraux agissant comme des moles résistants qui interfèrent avec la déformation régionale.Deux types de couloirs de déformation sont distingués, les couloirs de bordure et les discontinuités structurales. Les couloirs de bordure représentent des auréoles de déformation élevée qui s’accompagnent généralement d’un métamorphisme au faciès amphibolite. lls suivent /'interface entre les roches granitoïdes et les assemblages supracrustaux. Ces couloirs sont de puissance kilométrique et sont confines, surtout au sein des roches vertes, a l’interface des complexes granitoïdes d’importance. La limite entre la Sous-province de l'Opatica et les roches supra crustales de l'Abitibi est caractérisée par un important couloir de bordure issu possiblement d'un chargement tectonique irrégulier et concentre lors du raccourcissement horizontal.Les discontinuités structurales sont des failles ductiles qui se propagent surtout en direction E-W mais avec des variantes de directions SE et NE. Les discontinuités E-W se caractérisent par la présence d'une linéation d'étirement à fort angle de chute. Les discontinuités SE sont caractérisées par des linéations d'étirement horizontales et directionnelles et les mouvements observes sont system attiquement dextres. Les discontinuités NE sont des failles à comportement beaucoup plus fragile et se distinguent par des composantes de mouvement senestre. Elles sont tar dives par rapport aux discontinuités E-W et SE et ne représentent pas la symétrique du système SE.La combinaison des systèmes E-W et SE décrit un motif anastomose a l' échelle régionale. Les failles ductiles se rejoignent defaçon asymptotique, isolant des blocs peu ou pas affectes par la déformation. L'anastomose est un phénomène qui se produit a toute échelle et est reliée principalement aux Mt érogénéités et aux anisotropies 1) des forces agissantes (champs de contraintes régionale et locale) et 2) de la réponse del' empilement supra crustal (compositions différentes, fabrique initiate, propriétés mécaniques variées, niveaux d'altération).Dans le but de respecter un raccourcissement horizontal N-S, différents modelés sont proposés; ils mettent en cause soit une transpression dextre, soit des failles inverses réactivées en failles décrochèrent dextres soit des failles de chevauchement redressées."

Jan 1, 1990

By A. Zorkovská, S. Castro, P. Baláž, Z. Bujnáková

Enargite (Cu3AsS4) belongs among refractory copper minerals with very low hydrometallurgical extractability of copper. An application of enargite leaching in acid solutions leads to simultaneous dissolution of copper and arsenic and the final leach solutions have to be treated for the separation of both elements. However, the alkaline leaching of enargite is selective. Arsenic passes into leach while produced copper sulphide represents the raw material suitable for pyrometallurgy. The hydrometallurgical processing of mineral can be influenced positively by mechanochemical route. We have shown that more than 80 % of arsenic can be extracted from enargite concentrate by atmospheric alkaline leaching at 95 °C when mechanical activation in an attritor is applied. The produced Cu2S can be further treated with elemental iron where mechanochemical intervention is applied in the second stage of enargite processing. The final product forms Cu/FeS nanocomposite from which copper nanoparticles can be easily separated. The illustrated concept of copper obtaining from copper sulphide is an example of so-called “dry” processing, as reactions in gas and liquid phases are excluded. This concept of environmentally friendly metallurgical processing can be classified as an impetus for novel technology to produce copper from enargite concentrates.

Jan 1, 2012

In the past decade, the increased engagement of business in debates around sustainable development has prompted recognition of the importance of biological diversity at the local, national and global scales. Driven by increasing populations that demand rising real incomes, a range of human induced pressures are modifying natural habitats and diminishing their ability to support life. Public policy changes have struggled to arrest the loss of habitats such as wetlands or tropical forests, and the related extinction of plant and animal species. Although conservation legislation and regulation were once the exclusive responsibility of government, new partnerships are now being forged that increase the role of the private sector and non-government organisations (NGOs) in developing and delivering conservation initiatives. Since the mid 1990s Rio Tinto has had to adapt to meet the demands of a rapidly changing conservation landscape. When Rio Tinto adopted its statement of business practice in 1998 The way we work, it explicitly recognised the need to take account of relevant environmental factors in obtaining access to lands, particularly in designated areas of high conservation value. With the revision of The way we work in April 2003, the policy on land access was strengthened through removal of the word ?designated?, thereby signalling recognition of the importance of biodiversity outside of protected areas. In addition, Rio Tinto?s revised land access policy explicitly refers to the use of land that is surplus to operational requirements for habitat protection and biodiversity conservation, subject to social considerations. In late 2003 Rio Tinto further strengthened its commitment to biodiversity with the promulgation of its biodiversity strategy and related position statement, biodiversity principles? (See Appendix 1.1) and technical guidance documents. This commitment is also embodied in a variety of initiatives at the corporate and operational levels, which are reported on annually in Rio Tinto?s Social and environment review. This guide has been prepared to support the practical implementation of Rio Tinto?s biodiversity strategy. The purpose is to provide guidance on how to effectively integrate biodiversity into Rio Tinto?s operations. It is applicable to all Rio Tinto exploration, new development projects and operations, irrespective of whether they have been operational for some years or are at the beginning or end of their operational life cycles. This guidance has been developed to support the Rio Tinto Environment Standards and the Rio Tinto Community Standard and any additional supporting documents as they are developed.

Apr 1, 2005

By Ben Bradshaw

Context ? Community engagement has become an increasingly significant and challenging part of mineral exploration and mine development; indeed, opposition from communities proximate to a proposed mine site has been known to derail technologically- and financially-sound projects. ? These cases suggest that mining firms need to better understand how to engage constructively with local communities in the pursuit of their claims. ? While a range of publications exist promoting various community engagement strategies, these recommendations, when viewed as a whole, are disjointed and largely untested in real development contexts. Aims of Presentation 1. Synthesize industry, NGO, government and academic publications focused on community engagement best practice in order to highlight those practices that are most commonly recommended. 2. Review the (Canadian) mining industry?s experience with some of these strategies based on existing case material in order to identify the extent to which commonly prescribed strategies are used and validated in practice.

May 1, 2010

By W. A. Bell

The Carboniferous system of rocks in the Maritime Provinces include as workable mineral and organic substances, gypsum, anhydrite, salt, coal, building stones, grindstones, limestones, brick-clay shales, fire-clay shales, oil shales, etc. The system is, therefore, pre-eminently of economic value to the provinces in which it occurs, and the more knowledge we may gain concerning it, the more we may be prepared to aid in the development of these useful substances. For this purpose it is not sufficient to state that the ground upon which we stand is underlain by Carboniferous rocks. In-discriminate digging or drilling will not open many new mines of wealth, however difficult it may be to dampen the optimism of gamblers. For mineral wealth has not been scattered in the rocks haphazard, now here, now there, but its distribution has been the result of natural earth forces acting at intervals throughout the countless millions of years that have elapsed since our planet was born. As regards the majority of metalliferous deposits, the earth forces involved have resulted in the penetration of surface or sub-surface rocks by molten rock-matter and associated mineral solutions from deep-seated sources. But the economic Carboniferous deposits that have been mentioned are themselves types of bedded surface rocks rather than immigrant deposits, and their formation and geological history is closely related to that of the rocks with which they are interbedded.

Jan 1, 1924

By K. Dinh

The Ground Penetrating Radar (GPR) has been studied for a long time as a non-destructive evaluation (NDE) technology for inspection of concrete structures. Currently, the most widely used technique for interpreting GPR data of concrete bridge decks is the one that based on the amplitudes measured at various interfaces such as asphalt-concrete, top rebar, or slab bottom. The assumption behind this technique is that a sound concrete deck should have the same reflection amplitude at these interfaces while any low number would indicate some sign of deterioration. Unfortunately, this assumption is not completely valid in most cases. As a consequence, the reported test results usually do not reflect real condition of concrete bridge decks in question. The main goal of this paper is therefore twofold: (1) to discuss the limitations of the amplitude analysis method, and (2) to propose a new model that interprets GPR data of concrete bridge decks. The model methodology is based on the comparison of GPR A-scans between two inspections, using the so-called correlation analysis. The results, indicated by the correlation coefficients, are then employed to develop a contour map that estimates different levels of deterioration. The model is then implemented to a case study in order to illustrate its methodology.

Aug 1, 2013

By Delio J-J Tortosa, Fred F. Langford

"The Cenex orebody occurs at the intersection of northwest and northeast-trending fault zones that formed during post-Hudsonian uplift. The ore is localized in breccia zones, along faults, and in veins and adjacent wallrocks. The host rocks are Tazin quartzo-fe/dspathic mylonites and ultramylonites and chloritesericite- quartz-graphite-feldspar mylonite schist. The uraniumbearing minerals are finely disseminated pitchblende and uraniferous titanate.The earliest mineralization may have been associated with /ate-stage retrograde metamorphism in the mylonite schist. The main stages of mineralization were associated with brecciation, hematization, carbonatization, and chloritization of the mylonites and ultramylonites. Uranium mineralization was clearly much later than any igneous or metamorphic activity associated with the Hudsonian orogeny.Late post-orogenic uplift, erosion, and deposition of the Martin continental clastics in fault basins were coeval with uranium mineralization. The deposit is consistent with a meteoric-hydrologic system constituting a source for orebearing fluids, hence the close spatial relationship of the uranium deposits in the Beaverlodge area with the basal unconformity of the Martin Group."

Jan 1, 1986

By Trevor R. Ellis

"The valuation of mineral properties in the U.S. is only partially regulated. The regulations which have jurisdiction or impact appear to have such mainly as a consequence of unintended fallout, since the regulations were designed for other purposes. Court case history can also be important. The combined results are a mixture of bad and good, with important lessons to be learned.Since 1981, the Securities and Exchange Commission has prohibited U.S. listed companies from reporting quantitative estimates of mineralization and the value of mineralization, other than proven and probable reserves. This results in the minerals appraiser (valuator) working with a shortage of data in his everyday work, both on the subject property and in sales analysis.Between 1989 and 1995, all 50 states and essentially all Federal agencies adopted the Uniform Standards of Professional Appraisal Practice (USPAP) for real property appraisals (valuations). The major national appraisal societies also require their members to abide by USPAP. A significant portion of minerals appraisals must now follow these standards. This paper will discuss the content of USPAP. It provides a very good framework for the valuation of a minerals property or a mine, both as real property and as a business. However, the credentialing standards for real property appraisers are now prohibitive for minerals appraisers."

Jan 1, 2003