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By Thomas Deschamps

The main objective of this work was to investigate the effect of binder addition on the geochemical properties of surface paste tailings. Nine leaching columns were prepared following different disposal configurations: non-cemented, non-cemented with cemented layers, and cemented .The proportions of cement by total paste weight were between 0 and 1% for a whole column; the maximum amount of cement in a single layer was 2%. The material used was a sulphide-rich tailings coming from a Canadian hard rock polymetallic mine. The columns have been flushed once a week during 30 weeks. The recovered leachates were analyzed for pH, Eh, conductivity, and a wide range of elements. The drainage rates were monitored during the initial disposal as well as after each column flush. The results show that binder addition can improve the whole environmental performances for some of the studied disposal configurations. The disposal configuration consisting of intercalation of three 2% cement paste layers within non-cemented layers (0.66 wt.% of cement for the whole column), and the configuration with 2% cement added only in the two bottom layers (0,44 wt.% of cement for the whole column), showed the best results in terms of water quality and drainage rates.

May 1, 2007

By A. W. Johnston, R. E. Barrett

"The Central Patricia mine is in the greenstone belt north of lake Sc. Joseph in northwestern Ontario. It is 90 miles north of Allanwater on the Canadian National railway and 220 miles east of the Manitoba boundary. The unusual feature of the ore of this mine is that the gold does not occur in quartz but in sulphide minerals filling fractures in iron formation.AREAL GEOLOGYThe rocks of the area in which the mine occurs belong to the Early Precambrian. They consist · of andesite lavas and tuff interbedded with greywacke-like sediments and iron formation . A siliceous phase of the sediments lying north and south of the greywacke enclosing the ore-bearing iron formation in places resembles a sheared and sericitized quartz porphyry. This is shown in the legend of Fig. 1 as quartz porphyry and quartzite, but it is possible that the quartz porphyry-like phase is sediment. A northwest- striking dyke of diabase crosses the property 3,000 feet east of the shaft ( Fig. 1).IRON FORMATIONAlthough there are numerous bands of iron formation in the v1cm1ty of the mine, ore has been found to date in only one main and two lesser zones. The iron formation bands range in width from a few inches to 60 feet, and are interrupted along their strike by gaps that are parallel and rake to the east at about 65°. The iron formation is definitely banded and laminated."

Jan 1, 1954

By G. Granata, C. Tokoro, M. Matsuoka, K. Horiuchi

"Given the high demand of copper and the lack of new high-grade deposits, low grade copper ores containing copper oxides and refractory sulfides need to be processed as well. However, in order to recover copper from refractory copper ores, the leaching performances should be improved. In this study, we investigated the effect of the mechanical activation in the leaching of copper from covellite. The influence of a mechanical treatment by planetary ball milling on leaching rate in sulfuric leaching media was evaluated by using X-ray diffraction (XRD), mineral liberation analysis (MLA) and X-ray absorption fine structure (XAFS). Results showed a significant increase in copper leaching from around 50%up to 100% along with an improvement of the leaching kinetics when using planetary ball milling. XRD spectra showed the disappearance of the covellite peak from (101) face, thus suggesting the amorphization of covellite associated with the use of planetary ball milling. XAFS results showed that the coordination number of Cu changed from 6 to 3, thereby confirming the effectiveness of the mechanochemical effect.INTRODUCTIONDuring the last decades, while the copper grade in copper ores has been decreasing, the concentration of impurities such as arsenic tends to increase, thus requiring for the processing of low grade copper ores. For a suitable processing of copper minerals, hydrometallurgical processes are preferable due to the lower costs, the lower environmental impact and the easier implementation (Watling, 2006). However, for an economical recovery of copper, the leaching performances must be improved.Among the recent advancements in leaching technologies, the mechanochemical activation allows for an improvement of the leaching performances by means of high-intensity grinding(Mohammadabad et al., 2016). In the first place, the improvement is the result of the dramatic decrease of particle size, which results in an increase of the mineral surface area and the consequent enhancement of leaching kinetics. Furthermore, the intense mechanical stress due to the high-intensity grinding could induce the rupture of the crystal structure producing a decrease of crystallinity. Such changes of the mineralogical structure, also known as mechanochemical effect, can lead to more leachable mineral, thereby resulting in a greater dissolution of copper. Last but not least, whereas the mineral surface might undergo passivation during leaching, the high-intensity grinding can continuously refresh the surface of the mineral, thus exposing portions of unleached bulk mineral."

Jan 1, 2017

By J. Paraszczak

For mining companies facing strong international competition and unfavourable commodities’ prices, automation of underground operations has the potential to increase productivity and help cut costs. However, despite considerable technological progress in this field, there still remain many problems to overcome. Furthermore, successful implementation of automation depends also on numerous operational, organizational, and even human factors. In this context, this paper briefly reviews technological progress with regard to different underground operations. Following that, several issues related to implementation of automated equipment and systems are presented and discussed. Particular emphasis is put on the factors whose importance is often underestimated. Some recommendations in this respect are also given. It is stated that the success of an automation project is a function of many “winning conditions,” which may be created through very thorough planning and preparation. It is also underlined that despite achievements made, a vision of a man-less underground mine is not yet as much a matter of near future as it may seem.

Jan 1, 2004

By R. Carrier

"There has been a continuous evolution with the use of pre-cast concrete elements in the construction of aluminum smelters. In 1990, Phase I of Alouette was built using cast-in-place concrete exclusively. Whereas, other AP 30 technology plants such as Hillside 2 in the mid-1990s used pre-cast concrete beams with cast-in-place floors. Mozal 2, in 2002, used pre-cast concrete beams with pre-cast partial-slab operating floors. Alouette Phase II went further. Not only were the potroom building beams and floors pre-cast, but the entire pot support system, insulating walls and basement jersey walls were pre-cast. Once the techniques for bending and welding the reinforcement bars and the design for attaching electrical insulating plates to the concrete was perfected, the challenge for the project remained only in the logistics of transporting the pieces to site and simple erection. The overall impact on the project was dramatic. Using prefabricated concrete not only allowed advancement of the schedule, but totally eliminated formwork, re-bar installation, and form removal activities along with the handling of all the materials involved with these activities. With the elimination of these labour and material-intensive portions of the job, exposure to work injuries was dramatically reduced. The most prevalent activity for lost time accidents is during the rough work associated with concrete formwork, placing concrete and form removal. Another area where prefabricated elements were successfully used on Alouette Phase II was for the insulating walls enclosing the pot area, known as the ""claustra walls"". Usually these walls are constructed in-situ using mortar and breeze block. Success was also achieved with prefabrication of the perimetric walls that are installed at the lower floor of the potroom. A big advantage of using prefabricated concrete in the electrolysis area is in assuring electrical isolation for the operating floors. Poured concrete requires a meticulous clean-up effort before commissioning to establish the electrically ""floating"" characteristics of the operating floors. Poured concrete results in ""wash"", stray wood,"

Jan 1, 2006

By J. Baumbach, H. Bombach, M. Stelter

"Today technical electro-refining processes for copper exclusively use sulfuric acid, for silver refining nitric acid electrolytes are used. Sulfuric acid is characterized by very good chemical and electrochemical stability, good conductivity and low cost. The disadvantages of sulfuric acid are the precipitation of fine-grained cathodes with smooth surfaces only by using additives like glue, thiourea and chloride. In case of silver the electrolyte is electrochemical unstable and bears the risk of the formation of toxic NOx when pH is too low. A second disadvantage is the form of electrodeposition of silver as dendrites with their removal from the bottom of the Möbius cells.This paper reports the results concerning the application of an alternative electrolyte in copper and silver electro-refining. At first the electrolyte was characterized by the determination of current density potential curves. Electrolysis experiments were performed in laboratory scale using technical anodes for copper and synthetic anodes for silver. During the copper tests the solubility of contaminations from the anodes and the amount and chemical composition of the anode slimes were determined. Moreover the influence of current density, electrolyte temperature and the effect of several additives on the precipitation and chemical purity of the cathodes were investigated. In all experiments cell voltage as well as anodic and cathodic polarization was measured and current efficiency and specific energy consumption were calculated. A comparison with the results with those of tests using conventional sulfuric acid electrolyte shows the advantages and disadvantages of both systems, additionally the technical application chances and limitations for the new electrolyte. This electrolyte enables the precipitation of smooth copper cathodes with low silver and sulfur concentrations even at lower temperatures without any additive. For silver refining the electrodeposition of compact silver sheets is possible, that can be stripped comparable to those in copper electro-refining."

Jan 1, 2016

By M. Reda

Erosion corrosion is acceleration in the rate of corrosion attack in metal due to the relative motion of a corrosive fluid and a metal surface [1]. The increased turbulence caused by pitting on the internal surfaces of a tube can result in rapidly increasing erosion rates and eventually a leak [2]. Engineers and scientists in different disciplines have worked for many years on methods of complete protection from flow induced corrosion or partially reducing corrosion of this type, and they have proposed or applied different countermeasures [2]. The accident at the Surry-2 nuclear power plant (USA) and other similar incidents have once again disturbed the scientific-technical community. This has forced the plant operating personnel and the management to undertake wide-ranging measures in order to discover on time, assess, and monitor such cases. In these extreme cases, protective coating and even metallic bulk material coating (the substrate itself) may suffer considerably from mechanically induced damage [2]. At high velocities, the "leaching out" dissolution reaction of particular, for example, steel elements at the solid-liquid interface become the rate determining step. One practical example for the difference between erosion corrosion and flow induced corrosion is the famous steam eruption from a Japanese [3, 4] nuclear power plant cooling system at the pressurized water reactor (PWR), turbine and in the condenser-steam generator connecting pipe. The rupture occurred in the carbon steel pipe connecting the condenser and steam generator. The damage occurred in the easily eroded/corroded carbon steel at a vulnerable location downstream of an orifice plate, In general, when there is significant reduction in pipe thickness through erosion/corrosion, distinctive patterns are visible, but those patterns were not observed in this case, Thus one can speculate that another phenomenon is possibly controlling, Fluid flow within pipes reduces the pipe thickness leading to an eventual rupture, The thickness reduction mechanism is erosion/corrosion, One example is "cavitations corrosion", Erosion and corrosion occur at the same time, and it is difficult to determine which one is dominant, Therefore, the term, "erosion/corrosion," is used [5]. In the atomic energy field, the terms "Flow Accelerated Corrosion" and "Flow Induced Corrosion" are also used. It is the purpose here to show that during flow induced corrosion a different mechanism may possibly be operating and in some cases it can be different from the well known erosion corrosion. Another example is fretting failures in early Canadian nuclear steam generators which was thought to be due to excessive vibration caused by high.

Jan 1, 2010

Sustainable Development SAFETY ?Safety is the most important element of sustainability. ?One bad experience or incident can mar a company?s reputation for a long, long time. ?News travels faster than ever ?Internet, blogs, texting, peer-to-peer communication, etc. and unfortunately sometimes the information is not always accurate. ?Rarely do we hear in the news about the mining companies or projects that are done safely ?we always hear about the exceptions. ?Safety is just like TQI / TQM ?the process of improving can never stop.

May 1, 2010

By Z. Q. Liu, J. M. Du

"On the basis of analyzing current design and applications, the structure form, working loads and design principles of shaft sinking headframe are summarized in this paper. To overcome the insufficient bearing capacity and geometry size of the finalized shaft sinking headframe in China, a series of new large shaft sinking headframe were developed under vertical shaft construction conditions of maximum net diameter of 12.0 m and maximum depth of 1200 m. The new series shaft sinking headframe include two sets (with single sheave platform and double sheave platform), three dimensions (optimum shaft diameter <8.0 m, 8.0-10.0 m, and 10.0-12.0 m, respectively) for each set, and has innovation and optimization on structure of the sheave wheel platform (MU type) and bracing frame (REN and ZHONG type). The largest new shaft sinking headframe can arrange up to 4 hoisting equipment simultaneously and has bearing capacity more than 10000 kN. Two of the new shaft sinking headframe were successfully applied in practical engineering, such as the Hulusu auxiliary shaft, the Dahaize 1# auxiliary shaftand Sishanling auxiliary shaft. These applications showed that the new shaft sinking headframe has sufficient bearing capacity and reliable applicability. The new shaft sinking headframe could provide an effective guarantee for safety and efficiency sinking of deep-large shaft in the future.INTRODUCTIONShaft sinking headframe is one of the basic shaft sinking structures and it is mainly for hanging hoisting containers and sinking facilities in sinking a vertical shaft (Yu & Shi, 1991; Wang, Jing, & Liu, 2007). Currently, 7 types of steel pipe sinking headframe are used in China, which are mainly finalized by the Ministry of Coal Industry of China (Wang, 1988). As shown in Table 1, V-type is the largest of them and it is only suitable for sinking shaft of diameter less than 8 m and depth less than 1 000 m(Yang, 1982). However, with the increase of mining depth and scale of mineral resources in China, the diameter and depth of newly built vertical shaft are increasing continuously (Xie, Zhou, Xue, Wang, Zhang, & Gao, 2012; Qi & Pu, 2013). At present, the maximum net diameter of vertical shaft is close to 12 m, and the maximum depth is more than 1600 m (Yang & Chen, 2015; Xu, Yang, Liu, & Qin, 2015). The shaft sinking headframe has become the main restrictive factor for the development of sinking equipment, such as the height of muck discharging platform cannot meet the usage requirement of hydraulic umbrella driller, the size of sheave wheel platform is difficult to arrange the increasing hoisting and suspension equipment, the bearing capacity is insufficient to meet the needs of multiple hoisting loads in sinking a deep-large shaft, etc. Therefore, development of new shaft sinking headframe for deep-large shaft (>1000 m in depth and 8~12 m in diameter) is urgently required for China and also the whole world."

Jan 1, 2019

By Mohsen Mohammadi, Edward Cyr

"To date, several studies have been performed on the static mechanical properties of SLM-AlSi10Mg alloy. There have also been more recent studies on the relation between scan strategy, texture, and mechanical properties of SLM metals and composites. However, there is a huge knowledge gap in the available literature regarding texture and mechanical behavior of SLM-AlSi10Mg alloy under high strain rates. Therefore, in this study, dynamic mechanical behavior of AlSi10Mg_200C alloy manufactured by DMLS technique was investigated at high strain rates ranging from 900/s to 1700/s using Split Hopkinson Pressure Bar. Texture using X-ray diffraction technique of the initial samples were measured. The yield strength, peak flow stress, and ductility increased in all samples with increase of strain rate. TEM studies have also revealed evidence of continuous dynamic recrystallization in grains after 900/s–1700/s strain-rate tests. A Taylor polycrystal crystal plasticity constitutive model was then developed to capture and predict the texture evolution and mechanical response under dynamic loading, using plastic work as a critical parameter for the onset of recrystallization.INTRODUCTION Additive manufacturing (AM) powder techniques are among the fastest advancing breakthroughs in manufacturing in recent years, defined by a bottom-up layer by layer process of joining with energy input from lasers or electron beam (Herzog et al., 2016; Gibson et al., 2015). Among alloys fabricated by SLM, AlSi10Mg is of high interest to industry and academia due to its low density, high specific strength and excellent corrosion resistance, making this alloy a viable contender for aerospace, automotive, and marine applications. Circumstances such as car crash or bird aircraft strike hazards subject potential additively manufactured AlSi10Mg parts to impact loadings. This drives an interest in understanding and predicting dynamic behaviour of these alloys. AlSi10Mg is the AM counterpart of A360 die-cast aluminum, which possess hypoeutectic microstructure (Li et al., 2015). Up to the present time, many studies have presented the mechanical properties of SLM-AlSi10Mg alloy. The mechanical properties and microstructure of AlSi10Mg produced by selective laser melting (SLM) or DMLS techniques can be controlled using different parameters, such as feedstock powder (Asgari et al., 2017), and process parameters (Olakanmi et al., 2015). The microstructure and mechanical properties of AlSi10Mg can also be controlled using post heat treatment after SLM process Li et al., 2016). The mechanical properties of SLM-AlSi10Mg are sensitive to strain rate and can both change under quasi-static (Rosenthal et al., 2017) and high strain rates (Asgari et al., 2018). However, a significant knowledge gap in available literature regarding modeling these behaviours, and especially micromechanical modeling of dynamic behaviour."

Jan 1, 2018

By S. R. Steinacker, H. Schnideritsch, J. Antrekowitsch

Primary copper industry flue dust plays an increasingly important role in the creation of matte and slag. From a thermodynamic point of view, the chemically formed section of fine particles play a techno-logically interesting role in comparison to the mechanical carry-over. Here, the volatilization and the sub-sequent condensation in the off gas system lead to a characteristic distribution of the contained elements which are represented by various compounds of desired metals like zinc and lead. On the contrary, certain undesired components such as arsenic, bismuth and cadmium accumulate within the product as well. This paper describes existing models and theories concerning the formation of flue dust in the copper smelting process and presents a thorough investigation of the physico-chemical fundamentals by verifying assump-tions with thermodynamic calculations. By fully understanding the formation patterns at different stages and temperatures within the process, better knowledge for flue dust in the first step of the pyrometallurgi-cal copper smelting can be obtained - hence leading to new ideas and incentives for the following stages in the copper production cycle.

Jan 1, 2015

By A. Bouajila

To stay competitive in an open market, mineral industries have to optimise their processes, lower their production costs and improve the commercial value of their products. Up to a recent past, they were impaired in this attempt by a lack of adequate devices allowing reliable on-line and real-time process monitoring (detection or measurement). Process monitoring for process control and the product characterisation for quality control are quite different tasks. Planners and researchers should be fully aware of this when evaluating or developing monitoring equipment for on-line process control. This paper will comment on some aspects of sensor specifications, during the design and the evaluation steps, related to sampling, measurement (accuracy, sensitivity, delay and correlation to the process) and suitability to the exploitation environment. Examples of R&D projects promoted by COREM for various industrial applications will be presented.

May 1, 2001

By L. Szecowka, M. Poskart, Siwka M. . J.

Oxides of nitrogen, created during combustion, are the most hazardous components of atmospheric pollution. However, it is possible to limit the negative influence of hazardous components on the natural environment. An experimental appartatus was built to determine the influence of the following "primary methods" on the reduction in concentration of NOx: air staging, reburning and flue gas recirculation. The influence of the simultaneous usage of the primary methods on reduction in NOx emissions was also examined. A significant increase in the efficiency of NOx reduction was achieved in two cases.

Jan 1, 2004

By Glen A. White

The level of impact and mitigating measures that are forecast in an environmental assessment (EA) for a new, or significantly modified, metallurgical processing facility or mine are taking on increasing importance during the subsequent life of the facility. The basic premise is that one is authorized to operate within the envelope defined by the approved EA. Operations inevitably change as they develop and mature, and at some point, one is faced with the prospect of re-doing the original EA work. This can lead to significant development delays. Cameco Corporation (Cameco) has played a major role in developing the northern Saskatchewan uranium mining industry over the past decade. Through the EA process, the company has developed ideas on what works well in generating approvals that give the operator some future flexibility. Early introduction of concepts for potentially different mining and processing methods, as well as contingency plans if things do not work out exactly as predicted in the original EA, can make subsequent regulatory approval for change a more efficient process. One must also preserve the principles of open consultation upon which the EA process was originally based. As such, involvement and support from local communities and other stakeholders is required to ensure the long-term success of the EA process.

May 1, 2004

By Sukumar Bandopadhyay, Arunapuram Sundararajan

"For the last three decades, the application of network planning has provided a basis for a formal and general approach to the discipline of project management. For fixed activity duration, a very simple algorithm commonly known as critical path method (CPM), gives the length of time required for the total project as well as indicates the activities which are vital to the completion of a project. Project Evaluation Review Techniques (PER T) on the other hand, generalize the above approach to recognize uncertainty in the activity durations by allowing them to be random variables. One of the misleading aspects of current "" PER T"" solution method is, however, the implication that there is a unique critical path. In general, any number of paths could be critical, depending on the particular realization of the random activity durations that actually occur. In this case, simulation can be utilized to estimate completion time of a project.In this paper, the concept of criticality indexing is discussed, and a simulation model application which defines the critical path based on the criticality indexing concept, to a longwall development - extraction network, is presented. The model also provides suitable scheduling of resources based on the resource constraints and smooth s out period-t o-period assignments. IntroductionThe successful management of large-scale projects require careful planning, scheduling , and coordinating numerous interrelated activities. To aid in these task s, formal procedures based on the networks and network techniques (variously called PERT or CPM) were developed. In its original form the completion time for individual activities of a project was assumed fixed and known in advance: this in turn led to the familiar algorithms for computing the critical path, earliest start time, slack, and so forth. The unreality of such an assumption is, of course , apparent in many contexts. Consequently, attempts were made to introduce probalistic activity completion times, allowing representation of the stochastic nature of most projects."

Jan 1, 1987

By Peter Radziszewski

"Typical mining operating costs can be divided between extraction (30 % to 70 %), comminution (30 % to 50 %) and separation (5% to 20% ). Cornminition process costs, representing an important contribution to mining operating costs, can themselves be divided roughly between energy (50 %) and linerkharge wear (50 %). Developing the ability of predicting mill wear will allow a more accurate estimation of wear costs. However, total media wear in a given ball mill grinding process is a product of three recognized wear mechanisms those being abrasion, corrosion and impact. Further, the contribution to total media wear of each of these wear mechanisms has not been well established. In this paper, a overview of abrasive, corrosive and impact wear mechanisms is made from which an empirical wear prediction procedure is proposed. Further, future directions in wear prediction research is outlined. INTRODUCTIONTypical mining operating costs can be divided between extraction (30 % to 70 %), comminution (30 % to 50 %) and separation (5 % to 20 %). Comminition process costs, representing an important contribution to mining operating costs, can themselves be divided roughly between energy (50 %) and lined-charge wear (50 %). With respect to wear, world wide steel consumption as grinding media is estimated at over 600 000 tomes per annum (Malghan, 1982). As such, developing the ability of predicting mill wear will allow a more accurate estimation of wear costs.Charge media wear prediction is actually estimated using the Bond abrasion test. From Bond abrasion index tests, it is possible to determine a wear rate using the following function:"

Jan 1, 2000

By Karim Ramji

The extractive sector today faces growing social, legal and political risks (SLPs) from so many different stakeholders including national and local governments, name and shame groups, civil society and environmental groups, and the ?Occupy? movement. Beyond these stakeholders, there are the indigenous peoples who have growing legal, social, political and economic influence which can often determine the outcome of the Project. The development curve in the extractive sector from initial exploration to mine start-up has become longer, steeper and more risky and expensive as these SLPs have grown in scope and complexity. Even if a project is permitted or starts commercial production, its ongoing development and operations are also facing these SLPs. The continuous assessment of these SLPs and the strategy to mitigate for them has now become critical for every project in the extractive sector. A project will only be successful if it is able to obtain the legal permits to operate, then withstand any judicial reviews, and then also to be able to gain and maintain the Social License to Operate (SLO). Stakeholder identification, management and engagement are key risk-mitigation tools. This paper focuses on the growing influence that indigenous peoples are now enjoying and the impacts on the extractive sector. Indigenous peoples are a unique stakeholder group because their legal rights and interests to lands and resources, their aboriginal title and rights, are gaining more recognition. When indigenous peoples form alliances with other stakeholders, this simply adds to their growing momentum and leverage, and this can become a daunting challenge for the extractive sector. More due diligence is required by companies to understand and assess the challenges posed by operating in areas claimed by indigenous peoples. There is a real need for mining companies to develop an effective indigenous engagement strategy to address these challenges in order to successfully convert risks into opportunities. Early identification and engagement with the indigenous peoples is required and the goal should be to conclude an Impact Benefits Agreement (IBA) with the affected indigenous peoples. The real objective must be to develop a real and transparent relationship between the company and the indigenous peoples so as to gain and maintain the SLO.

Aug 1, 2013

By M. Bourassa, R. del Villar, S. St. Arnaud, J. Valenzuela

"Autogenous grinding is used quite frequently for mineral comminution as a result of its lower capital and operating costs. However, it is more difficult to control than conventional grinding, particularly when the autogenous or semiautogenous mill is the only comminution stage (i.e. no secondary grinding is available). Analysis of the control strategy used then becomes extremely important, a task that is greatly simplified by the use of an empirical dynamic simulator:This paper presents the methodology used in the development and the calibration of such a simulator for the autogenous grinding circuit of an iron are concentrator: The various steps are described: industrial data acquisition, preliminary treatment of the gathered information. and empirical modelling of the process. Finally, both the actual and the proposed control strategies are compared using simulation results.This exercise has shown that the variability of some of the controlled variables could be reduced through a better handling of the water addition and the use of filters on some of the signals used for control purposes. The reduction in variability of critical variables, such as power draw, would allow their average value to be increased without the risk of exceeding their safety values. Some advanced control techniques were also tested, with interesting results."

Jan 1, 1995

By J. L. Casado-Sánchez

Financial capital is highly volatile and if the investor does not get adequate compensation for the risk faced he may consider withdrawing his capital assets from the company and consequently produce a structural change in any sector of the economy. We study the variation in profitability of assets in terms of the changes that occur in the markets. The choice of models used is justified by the extensive theoretical and empirical use of them throughout the history of financial economics. We have used the capital asset pricing model (CAPM) and the model based on the arbitrage pricing theory (APT) to determine the beta value. These models have been applied to the monthly returns of 27 mining companies listed on the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), using data from the period covered from January 2006 to December 2010. The results of time series and cross sectional regressions for CAPM and APT produce some errors, suggesting that many companies have failed to obtain an adequate cost of capital. Also the results show that higher risk firms tend to have lower profitability. These findings make it unlikely to be maintained over the long term the current status and could drive structural change in the mining sector in the form of mergers.

Aug 1, 2013

By M. Kalin

"SUMMARYWaste management in general, and the water treatment of mine and mill effluents, has become an ever increasing burden for mining operations. A reduction in these expenditures would undoubtedly be desirable if this could in fact be achieved within effluent guidelines and monitoring requirements.A brief summary is presented of the research which has as its aim the development of methods which would reduce such costs and lead to solutions for environmentally acceptable close-out conditions for acid generating mine waters. The basic concepts of Ecological Engineering and Biological Polishing are presented, together with an indication of the present state of these research efforts. Details are provided of the progress of various experiments which aim to promote reducing conditions, organic matter production and the establishment of biological filters which remove metals from the water which are then retained within the waste management areas. These conditions should lead to a curtailment of acid drainage and an improvement in effluent quality.A description is provided of the first pilot demonstration using this approach to achieve a walk-away condition for the close-out of a massive sulphide tailings resulting from 10 years of operating a copper/zinc concentrator in Northern Ontario.1.0 INTRODUCTION1.1 Waste management and close-outIt is recognized that the achievement of a cost-effective and competitive mining operation, from the commencement of exploration for ore bodies through to the day-to-day efficient operation of the mine, requires a certain expertise and sophistication. However, the environmental effects of these activities are considered peripheral issues and their importance as an integral part of the planning and development of the mine/mill, is not always appreciated."

Jan 1, 1988