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By Robert B. Wickham

"American Barrick has always balanced its aggressive operating approach with a conservative financial strategy. In fact, what enables their mining team to pursue such aggressive plans with confidence is the conservative financial strategy adhered to by the company. These policies are built on a prudent mix of gold linked financings, equity and gold price hedging.This paper outlines these policies and focusses in particular on American Barrick's gold price hedging program.IntroductionThe company's balance sheet at the end of 1990 clearly shows the wisdom of its conservative policies. Total assets have grown to over US$1 billion; cash has grown to US$312 million and shareholders' equity to US$645 million. All amounts included in this paper are quoted in U.S. dollars. Increased gold production and an effective gold price hedging program also combined to produce record income from operations, earnings and cash flow in 1990.The first half of 1991 is also indicative of the benefits of the company's conservative financial policies. Increasing production, together with its comprehensive gold hedging program, has generated increased earnings, even in a period of falling gold prices.All year-over-year numbers for the first six months are up. Gold production was 36% higher; earnings of $40.2 million $ 0.30 per share - were 46% higher than 1990.Barricks revenue continued to increase despite gold prices remaining unchanged during 1990. Barrick's hedging policy protects the company from falling gold prices on the basis that the upside looks after itself. Their hedging program - including various goldlinked fmancings - enabled Barrick to realize an average price of $437 per ounce of gold sold in 1990, compared with the Comex average gold price for the year of $384 per ounce."

Jan 1, 1991

By M. P. Brameld, R. H. McCorkell

"Overburden covering bedrock uranium deposits was sampled to depths of 29 m and Rn concentrations measured at the same depths. Total-alpha activities, V concentrations and Rn emanation (J) of the samples were measured. The U-flux into the overburden was greater in the past: oxidation and dissolution has since removed most U, leaving decay products which indicate the presence of U deposits when U itself does not. Distributions of U and decay products and their ratios to each other reflect U-migration and degrees of U-removal. Rn distribution in overburden is related to the J of overburden samples and the presence and movement of groundwater. Simple, rapid methods of total-alpha and J measurement are described.IntroductionThe overburden drilling apparatus developed by Bondar-Clegg and Company makes possible sampling and radon measurement in overburden from the surface down to about 50 metres. This apparatus was used here to study the diffusion of uranium and its decay products from ore deposits into over lying overburden at the N deposit of the Amok Ltd. property (Cluff Lake, Saskatchewan) and on the Imperial Minerals Ltd. property at Gooderham, Ontario. These ores are enclosed in bedrock; the overburdens were deposited by glaciers or streams. The migration of uranium and its decay products in such situations and the factors which affect it have been little studied in the past, as readily usable techniques for mapping it in three dimensions have not been available. The results reported here are somewhat sketchy and preliminary, but they indicate the value of the methods used and some of the patterns to be expected. Surface and subsurface sampling and measurements were carried out on 3-line grids crossing known zones of mineralization. The lines were 60 metres apart at Gooderham and 40 metres apart at Cluff Lake."

Jan 1, 1982

By N. Dufresne

"The evolution of mining methods at Brunswick Mining and Smelting shows that, in the case of a large deposit, technology must adapt itself to changing conditions. As problems are encountered, management must modify their approach if they hope to meet production quotas. This search for new and better ways started with the opening of the No. 12 orebody and is still going on today.From large-scale open stoping, the Brunswick Mining and Smelting operation went to transversal cut-and-fill, then to longitudinal cut-and-fill, which is the main mining method now employed. However, to solve certain problems experimenting with Avoca methods was initiated. Rebar grouting and prepinning have also made significant contributions toward securing relatively poor ground in the hanging wall and holding badly fractured backs in wide stoping areas. Introduction In 1952, M.J. Boylen had incorporated Brunswick Mining and Smelting Corporation Limited to develop his recently found No.6 and No. 12 orebodies near Bathurst, New Brunswick. Between 1953 and 1957, St. Joseph Lead Company was brought in to try and initiate mining . During those years, St. Joseph Lead sunk two shafts at No. 12-No. 1 to 425 feet below surface and No.2 to 982 feet. They also developed the 200 and 350 levels to sample the ore at depth and operated a 100-tpd pilot plant at the No.6 mine. However, due to low recoveries and depressed metal prices. the project was shut down in 1957.A group including M.J. Boylen. K.C. Irving. Maritime Mining Corporation and Patino Corporation reacquired the property from St. Joseph Lead Company in 1961. New financing was arranged involving La Societe Generale des Minerais, S.A . of Belgium and Engineering Consultants Limited of Saint John. New Brunswick. During the years 1962 and 1963, construction of surface and underground facilities progressed rapidly."

Jan 1, 1981

By M. J. Gole, R. E. T. Hill, S. J. Barnes

"The Agnew (also known as the Perseverance) nickel deposit and its northern extension, the Rocky's Reward deposit, form one of the world's largest accumulations of nickel sulphides hosted by komatiites. Agnew was previously classified as an ""intrusive dunite-associated"" deposit . It has now been shown that the sulphides are hosted by komatiite flows which underlie an adcumulate-textured dunite body that crystallized in a large lava channel.The rocks of the mine area have been subjected to a metamorphic temperature of550°C and pressure of up to 3 kb. The komatiites have mostly been reconstituted to olivine-amphibole chlorite assemblages. There is a zoned sequence of enstatite-, anthophylite-, talc- and antigorite-bearing assemblages inwards from the western margin of the ultramatic reflecting variations in the CO/HP ratio of metamorphic fluids.Facing directions are determined from variations in the proportions of metamorphic minerals and in rock compositions which reflect asymmetric layering in the flows . Olivine-sulphides matrix ore is hosted in a single 50 m thick, east-facing flow that is overlain by flows containing massive sulphides. Much of the massive sulphide has been physically remobilized into fold noses, faults and shear zones. Chemical diffusion of ore components has upgraded a sulphide-rich metasedimentary unit where it is in structural contact with massive ore.To the north, the mineralized flow sequence is separated from a stratigraphically higher komatiite sequence, the Perseverance ultramafic complex, by approximately 150 m of felsic meta volcanic and meta sedimentary rocks. Southward, the Perseverance ultramafic grades laterally into an olivine adcumulate body and its lower contact cuts progressively down stratigraphy until it lies directly on top of olivine-sulphide ore of the mineralized flow sequence. This discordant contact is interpreted as the base of a thermal erosion channel formed by a voluminous komatiite lava flow. This contact greatly influenced later deformation of the mineralized flow sequence."

Jan 1, 1989

By R. K. Collings

Mineral wastes from the mining, metallurgical and chemical processing industries in Canada amount to about 800 million tonnes annually. Such wastes often are largely non-metallic in composition and are of interest for traditional non-metallic mineral uses and applications. Mineral waste disposal and maintenance are costly; furthermore, these wastes may pollute groundwater, rivers and lakes. These factors and an increased appreciation of the potential utility of some mineral wastes have stimulated research in this area.

Jan 1, 1984

By G. A. Gross

Nearly 90 per cent of the iron ore produced in Canada is derived from iron-formation or bedded iron deposits. About 70 per cent of this consists of concentrates obtained fom iron-formation; another 20 per cent was formed by natural enrichment processes. Four principal varieties of iron-formation are recognized -the Algoma, Superior, Clinton and Minette types. Differences in their geology, mineralogy, chemical composition and environment of deposition are of special significance in their evaluation as ore.

Feb 1, 1966

By R. W. Thompkins

In order to evaluate the impact of air quality control on mine design, a few examples are given of cases in wh.ich ventilation has affected the economics of the total design problem. Principles for the drainage of gas contaminants are shown, and the contamination control problems created by differential pressures in complicated booster fan installations are discussed. The paper also deals with the use of advanced mathematics for solving some of the ventilation problems likely to be encountered.

Jan 1, 1967

By A. Staley, W. J. Cashwell, M. S. Moats

In the 1990’s, Técnicas Reunidas developed the Modified ZINCEX® Process to recover zinc from ores and secondary materials. The heart of this process was the use of solvent extraction to produce purified zinc electrolyte instead of traditional zinc dust cementation. This development was commercialized by Reunion Mining and Anglo American for primary ore at the Skorpion mine in Namibia with the first SHG zinc produced in May 2003. Horsehead Corporation through Horsehead Metal Products, Inc., its wholly owned subsidiary, is presently commercializing the MZP for the treatment of Waelz oxide. This paper will review open source information about the lessons learned and process modifications that have occurred at Skorpion over the past decade. It will also provide an update on Horsehead’s facility being constructed in Rutherford County, North Carolina.

Jan 1, 2014

By E. Burdukova

Rheological measurements have found a wide array of applications in mineral processing research. Rheological properties of mineral suspensions are highly dependent on the mineral surface properties as described by DLVO theory, and the relationship between these properties and inter-particle interactions is well established. In this paper, rheological properties of mineral suspensions are used to study the differences in behaviour of isotropic talc and anisotropic zirconia minerals as a function of varying properties of the suspension medium, such as pH and polymer dosage, specifically carboxymethyl cellulose (CMC). It was found that the rheological tests when carried out in parallel with electrophoretic or point of zero charge measurements, clearly reveal differences between behaviour of the suspensions of isotropic and anisotropic minerals. These differences are further accentuated with the addition of carboxymethyl cellulose (CMC).

Jan 1, 2006

By S. C. Livanou, S. P. Tampouris, E. N. Zevgolis

In ferronickel (Fe-Ni) production from oxidized nickeliferous ores, mechanical losses of ferronickel in the slag are reduced by magnetic separation. Slag from the electric furnaces (E/Fs) contains 0.16% Ni. Its magnetic separation gave a pre-concentrate with 0.76% Ni, weighing approximately 6.5% of the feed. Nickel recovery was 29.7%. This pre-concentrate was then treated in a second (concentration) plant. Concentration treatment involves screening, crushing and magnetic separation. A pre-concentrate with 0.76% Ni gave a magnetic concentrate with 2.58% Ni and a non¬magnetic part with 0.35% Ni. Smelting of the non-magnetic part without the addition of a reduction agent in a laboratory electric arc furnace, gave a ferronickel alloy with approximately 20% Ni and a slag with 0.16% Ni.

Jan 1, 2005

By R. Guimarães, L. Silva, J. Milboume

The São Bento concentrator was built by Gencor in 1985 to treat refractory gold-bearing flotation concentrate. The plant was the first commercial application of pressure oxidation for refractory gold ore following about a year after the first use of pressure oxidation on a whole ore at Homestake's McLaughlin operation in California. Ore from the Sao Bento mine is remarkably consistent in gold grade and arsenic and sulphide concentration as is typical in banded iron formations (BIF) (l). Gold content is approximately 9 g/t with approximately 30 - 40% free milling. The balance is associated with arsenopyrite and pyrrhotite. An expansion of both process facility and mine was undertaken between 1996 and 1998, raising the treatment capacity from 32,000 t/mo to 45,000 t/mo.

Jan 1, 2004

By M. Bozorgtabar

Metal Matrix Composites (MMC) have a ductile matrix containing ceramic particles, Due to their improved wear properties, Al?SiC composites have economical applications in many industrial uses where wear is a problem, One of the most serious difficulties in manufacturing Al-SiC composites is obtaining adequate 'wetting' of the particles by the melt. In this research work, a stir casting system was designed for the improved manufacturing Al-SiC composites, The effect of some production variables such as the addition of SiC particles to the aluminum melt on wettability, was also studied. The results showed that the manual addition of particles would not be successful in manufacturing and that a system of adding silicon carbide particles through controlled temperature, atmosphere and improved mixing was needed.

Jan 1, 2005

By D. KEYS, D. E. Gemmell

The portion of the earth's surface covered by peatlands has been conservatively estimated at over 420 million ha (Kivinen and Pakarinen 1980). It is estimated that there are about 170 million ha of peatland in Canada. New Brunswick contains about 140,000 ha. Harvesting of peat for horticultural purposes has been carried out in New Brunsiwck since 1942. This industry, and the potential for using peat for energy purposes, indicated the need for an accurate assessment of the resource. In 1975, therefore, the New Brunswick Department of Natural Resources began a detailed peatland inventory. Assistance from the Canada Department of Regional Economic Expansion permitted acceleration of this program and field work was completed in 1982. Information gathered by the program will form the basis for a management plan for future use of the resource.

Jan 1, 1984

By Claude Bazin

The Quebec province in Canada is a major producer of aluminium through electrolysis of alumina. The alumina that feeds the electrolysis cells is mainly imported from foreign countries, where it is extracted from bauxite. Other alumina sources, such as clays, have sometimes been considered as potential substitutes for bauxite. There is a large clay deposit in the area of Murdochville in Quebec, with sulfuric acid and electricity available nearby the orebody, as well as sea port facilities leading to the major aluminium plants in Quebec. These are favorable factors to assess the economics of an industrial plant to produce alumina from clays. This paper reviews some of the processes considered for the extraction of alumina from clays and presents results of the initial work carried out on the clay available from Murdochville.

May 1, 2001

By P. Hale

"The trend to drives of more than 10,000 hp on large-capacity ball and autogenous mills for increased operating efficiency has been limited by factors in the conventional drive system. A solution to this problem, using modern developments in static converter technology, is the concept of driving the mill directly without gearing using a low-speed, low-frequency synchronous motor with a cyclo-converter power supply.This paper presents various practical arrangements of mill and low-speed motors giving the specific advantages of each system. The means of controlling inrush currents on starting and of spotting by the use of variable-frequency control are outlined in general form. Several gearless ball mill drives are scheduled for start-up in European cement plants and further orders have been placed."

Jan 1, 1970

By C. J. Sullivan

It is of importance, in prospecting, to distinguish ores of magmatic origin from those derived by the meta-morphism and granitization of source rocks and from those accumulated in certain sedimentary facies. The magmatic ores, which are characterized by their occurrence along fault structures, may be associated with volcanic (including explosive) phenomena. Heat effects are local. The magmatic sequence is well de-fined: kimberlite, with diamond pipes; ijolite, with carbonatites; peridotite, with nickel deposits; norite, with nickel-copper deposits; and diabase-gabbro, with copper-zinc deposits. These deposits are characteristic of Precambrian shields, where a thick sialic crust may rest on basic to ultrabasic magma. The sequence is resumed in the Paleozoic terrains (in a broad sense), with monzonite porphyries and associated copper, copper-gold, and cop-per-lead-zinc deposits.

Jan 1, 1962

By E. W. Coderre, R. C. Baxter

"This paper describes the townsite of Wabush and the two railways operated by Wabush Mines for the loading and unloading of iron ore concentrate. The town of Wabush is located approximately 200 air miles north of Sept-Iles, Quebec and is in the Province of Newfoundland and Labrador. Construction of the town-site began in 1961 to provide housing accommodation for the construction force and permanent employees in the mining and milling operations located 4 miles away. Wabush Mines operates two short railway lines in loading and unloading concentrate between the concentrator, located at Wabush, and the pellet plant at Pointe Noire, Quebec. Both of these railways connect with the main line of the Quebec North Shore and Labrador Railway and provide a shuttle service between the two phases of the operation."

Jan 1, 1969

By Michel Carreau

Presentation topic Introduction to Renewable Power in Remote Mining Industry Trend What are the Challenges and How to address them Acceptability (Management Buy-in) ? RP not core business to mining company Significant upfront costs Project Risks - Technological and Delivery Wind and solar power variability Operating hybrid power (Operator Buy-in) Conclusion Introduction ? RP at Remote Mining Sites Mining Project Cost Energy represents 25% of mining project CAPEX Energy represents 25% of OPEX Diesel, HFO, ? cost : 30+ cents/kWh RP - Proven technology - Excellent track record ?Wind (20 years), Solar PV (10+ years)? Hundreds of GW installed ?Reliable, High availability, very small OPEX. ?Wind/Solar cost : 15 to 22 cents/kWh (with good resource) ?Potential 10% to 20% Reduction in net cost of energy ?Price certainty for 20 to 25 years

May 1, 2013

By Ian Thomson

The Social License to Operate ? We are operating in an era where social license in the resource industry is as important ? if not more important ? than mineral potential ? Concept proposed by Placer Dome executive Jim Cooney in 1997 as essential requirement for the future survival of the mining industry ? ?You don?t get your social license by going to a government ministry and making an application or simply paying a fee? It requires far more than money to truly become part of the communities in which you operate.? Pierre Lassonde, President of Newmont Mining Corporation (2003). What it is ?Granted by the local community ? Intangible, informal, non-permanent ? Has to be earned and then maintained ? Defined as ? Ongoing Acceptance (a lower level) ? Ongoing Approval (a higher level) ? Expression of the quality of the ?relationship?

Aug 1, 2013

By R. Harris

The vacuum thermal route for magnesium production today accounts for roughly 80% of the global production of magnesium despite significant investment in the competing electrolytic technologies, This is up from 30% of the global production 10 years ago and is all the more significant because global magnesium production has more than doubled in the same time, A review of the sophisticated anhydrous magnesium chloride production technologies provides some explanation for this sea change in technology usage, However, an examination of the economic factors provides compelling reasons, The present review outlines some of the salient strengths and weaknesses of the competing technologies, It also offers suggestion as to where future R and D and economic effort needs to be vested to improve the sustainability of the world magnesium market in terms of its value and impact.

Jan 1, 2006