Search Documents

Safe underground mine backfilling with hydraulic fill requires efficient fill drainage and stable fill retaining walls or bulkheads. If any or both the above two requirements are not satisfied, such a backfilling operation creates unsafe conditions and may lead to backfill retaining wall failures. Mine backfill retaining wall failures are always associated with economic losses, fatalities and interruption to mine production. Mining industry wants to either reduce or eliminate these fill retaining wall failures. The fill retaining wall failures could be effectively avoided through the use of fibre reinforced shotcrete fill retaining walls and engineered drainage systems through the retaining walls. This paper presents the experience of the author in developing, implementing, and monitoring several hundred fibre reinforced shotcrete fill retaining walls at a mine in Australia with the highest safety standard. The details on the mine backfill drainage system and fibre reinforced shotcrete fill retaining wall designs are also presented.

May 1, 2007

By T. L. Sadlier-Brown, Andrew E. Nevin

"Common properties of commercial geothermal steam reservoirs are a magmatic heat source, the presence of water in vapour and liquid phases, and a surrounding seal of low permeability. The latter may be due to a combination of hydrologic load, argillic alteration and mineral precipitates. The temperature and pressure of vapour and liquid co-existing in equilibrium at maximum enthalpy may approximate 451°F and 450 psi. Steam reservoirs do not necessarily vent steam, but fluid which breaches and mixes with meteoric waters may emerge as hot springs. A systematic exploration program in Western Canada would involve a sequence of four stages utilizing geological, geochemical and geophysical techniques. The geochemical parameters of hot spring waters, such as silica, lithium and potassium content, give some indication of the basic reservoir temperature. The geology of Quaternary volcanics, including reservoir rocks, structure and rock alteration, is of prime importance. The costs of preliminary indirect methods are no more than those of oil and gas exploration; however, high temperatures compound drilling problems and costs. Exploration expenditures of twenty million dollars or so might be needed for a significant discovery. British Columbia and the Yukon Territory contain abundant Cenozoic volcanic rocks and over 50 thermal spring complexes (some with as many as 20 springs in one complex). Six regions are tentatively picked for exploration. Four regions coincide geographically with post-1980 electric power facilities and loads, and with possible alternatives such as potential dam sites. The Lillooet River region, Terrace region and Western Vancouver Island region have inferred potential for the existence of a plus-500-Mw geothermal reservoir. The Kootenay region may or may not have such potential. The Stikine River region has strong evidence of geothermal endowment, but the anticipated power market of the middle future might be only 30-50 Mw. The Whitehorse, Y.T., and Atlin, B.C., region has a belt of thermal springs and Recent cinder cones. The anticipated middle-future needs are real enough, but in absolute terms they are small, say 20-30 Mw. Legislation and policy on geothermal resource rights are lacking in British Columbia and the Yukon Territory at this time. As well as making policy, governmental organizations will play a significant role in geothermal development as buyers of steam or electricity. The role of industry is visualized as assuming the high-cost and high-risk exploration effort, provided the nature of this effort is understood by government."

Jan 1, 1973

By Jason J. Ballentine

This case study presents the results of a maintenance review of a soot blower system at a coal fired power generation station. The power generation station was following a ?repair when it breaks? maintenance strategy for its soot blowers. The efficiency losses incurred as a result of failures in the soot blower system and the resulting interruption and out of service time was found to have a significant effect on the plant output. The maintenance strategy for the soot blowers was reviewed using Reliability Cantered Maintenance and lifecycle simulation. This methodology provided visibility to the monetary implications of failures and allowed alternative types of maintenance to be assessed and where justified were added to a maintenance schedule in the Maximo work order management system. By reducing unplanned breakdowns the predicted reduction in efficiency losses was 45%.

May 1, 2007

By R. Jolicoeur, J. F. Jackson, M. A. Green

"The design, construction and commissioning of Kiena Gold Mines Limited's new mill was completed in 15 months ending in September 1984. Rated at 1250 tonnes per day the mill incorporates the latest innovative technology such as semi-autogenous grinding, carbon in pulp, pressure stripping and induction furnace refining. The mill is housed in a pre-engineered building with the leach tanks and thickeners located outdoors in spite of the intense winter cold. 1.0 INTRODUCTION AND HISTORYThe operations or Kiena Gold Mines Limited are located in Dubw1sson Township, approximately 10 Km west of Val d'Or, in the Abitibi region northwestern Quebec. Comprised of 59 mining claims covering 1214 hectares, a large portion of the mining property is overlain by the waters of Lac de Montigny. Sometime between 1911 and 1914 Barney Parker discovered gold in a shear zone on an island in Lac de Montigny that now bears his name. The first shaft the Parker Shaft, was sunk in 1936 from the island to a depth of 136 meters but owing to the known veins being of limited extent and the onset of the Second World War operations were terminated in 1940. In the early l960 1 s exploration drilling indicated an orebody of 4,500.000 tonnes at 6.3 grams of gold per tonne. A causeway was built to link the island to the mainland in 1963 and a new 3 compartment shaft was sunk to 403 metres. The orebody was further delineated and the ground conditions within the orebody and surrounds were evaluated.At the end of 1965 the property was placed on a care and maintenance basis as a mining operation would be marginal with gold selling at $35 per ounce."

Jan 1, 1986

By S. Borle

The microstructural features produced in friction stir welded AZ31, AZ80 and AZ91 alloys are examined when different welding parameters are applied. The microstructures primarily consist of a-Mg grains with a-Mg + Mg17A112 colonies, however melted films of Mg17A112 are produced in AZ91 alloy when high rotation speeds are applied. When the rotation speeds are slow, or the travel speeds are fast the Mg17A112 were incorporated into the stir zone, however they do not exhibit an elongated lamellar morphology associated with melted films. In the case of AZ80, the extruded base material contains a smaller fraction of Mg17A112 and few of these phases are observed in the stir zones. The results are explained based on the dissolution rate and melting temperatures of Mg17A112 controlling the overall morophology and fraction of phases in the stir zone.

Jan 1, 2011

By A. N. Shen

Fe3A1 intermetallics are potential inexpensive candidate for hot applications. In this project, torsion tests on hot-rolled and annealed Fe3A1 (Fe-15.5A1-5.8Cr-1.0Nb¬0.05C) were carried out over the ranges 750-950°C and 0.01~1s-1 . The experimental results showed that when peak stress op>90MPa (LogZ>16s-1 , Z: temperature-compensated strain rate), specimens cracked at randomly low strains. Optical microscopy exhibited original elongated grains and many grain boundary cracks associated with segregation. With op<40MPa (LogZ<16s-&apos;), specimens deformed with low random op but considerably high fracture strains; slowly propagating cracks may explain the reduced flow stress. Optical microscopy showed both elongated grains and equiaxed subgrains with some indications of geometric dynamic recrystallization (gDRX) and of static recrystallization (SRX). Compression tests gave higher stress with little effect of the preexisting cracks. The activation energy Quw of current material in satisfactory torsion and compression tests is about 10% higher than previously published. Fe3A1 has body-centered cubic structure in the experimental range, so it was compared with ferritic stainless steel 434C (Fe- 16.55Cr-0.96Mo-0.21Ni). Constitutive constants and restoration mechanism are compared between these materials. While Fe3A1 is hardly a light metal, it is considerably lighter than most steels. Furthermore, like the other body centered cubic metals (BCC) (a-Fe, ß-Ti, ß-Zr and ß-brass), it exhibits a high degree of dynamic recovery (DRV) like Al alloys, producing easier hot workability than that of austentic stainless steels.

Jan 1, 2007

By V. Vekris

A diverse patent portfolio and an effective intellectual property strategy are vital in today’s small business world. Not only does a diverse patent portfolio enable a company to secure a monopoly within the market, it greatly increases the value of a company’s intangible assets and keeps competitors at bay. An overview of the patenting process as it pertains specifically to the materials science-related start-ups will be given, together with a summary of some general patenting strategies and a review of some patenting errors to be avoided, such as premature disclosure of the invention to the public. Additionally, a review of new “green technology” initiatives recently adopted by Patent Offices around the world is also provided. These initiatives are expected to greatly benefit patent applicants in the fields of metallurgy and mining, where research efforts are often directed to environmentally-friendly products and processes. INTRODUCTION Patents are playing an increasingly significant role in the business world. A diverse patent portfolio can enable a company to secure a monopoly within the market, which can provide a competitive advantage over competitors. At the same time, patent portfolio of any size can greatly contribute to the total value of a company’s intangible assets. As an example, Nortel entertained bids in 2011 for its portfolio of about 4000 patents, a large portion of which were directed to 3G- and 4G-mobile communication technologies. The portfolio was eventually sold for $4.5 billion to a consortium including Apple, EMC, Ericsson, Microsoft, Research in Motion, and Sony. Copper mining, and indeed the global mining industry as a whole, is facing challenges. Ore deposits are increasingly low grade, complex, and deeper in the ground, rendering copper mining operations more difficult and costly. Production costs are increasing. According to one study, the cost of producing copper has increased by an average of 10% per year since 2005 (Cantallopts, 2017). To illustrate, the cost of producing a pound of copper in 2005 was 90 cents, but had increased to 217 cents by 2014.

Jan 1, 2019

By Mostafa Benzaazoua, Bruno Bussière, Philippe Poirier, Denis Bois

"Environmental desulphurisation is an attractive alternative for the management of acid generating tailings. Non selective froth flotation is the most commonly used method to produce desulphurized tailings, as shown from many previous works (McLaughlin and Stuparyk, 1994; Bussière et al., 1995; 1998; Benzaazoua et al., 2000a,b; 2002). This process can reduce the volume of problematic tailings to manage, by making a sulphide fraction concentrate. The desulphurized tailings can then be used as a moisture retention layer in a cover with capillary barrier effects to prevent acid mine drainage.In this paper, the authors present the results from different laboratory and pilot scale flotation tests which confirm that low sulphide, non-acid generating tailings can be produced by froth flotation. It is also demonstrated that the sulphide concentrates obtained from desulphurisation, when mixed with binders gave good long term results in terms of mechanical behaviour, thus demonstrating that the sulphide fraction can be used for paste backfill material. From previous work (Bussière et al. 1998, 1999) on the evaluation of the operating and capital costs of the desulphurisation process for different ore types, the use of desulphurized tailings to create a dry cover was then studied for several scenarios. The desulphurisation process was compared with other technologies (underwater disposal, engineered soil cover) currently used to prevent acidic drainage (AD) for a new mining operation and the advantages and disadvantages of desulphurisation are presented as well as the costs of this method of AD prevention.INTRODUCTIONThe principal environmental problem of the mining industry today is the generation of acidic drainage (AD) resulting from the natural oxidation of the sulphides in mine tailings. This phenomenon involves the generation of acidity which increase the amounts of toxic metals in the waste water released into the environment by a mine. The environmental impact of the AD has been described in detail in previous work (e.g. Down et Stocks, 1977; Ritcey, 1989; Gray, 1997; Ripley et al., 1996; Aubertin et al., 2002)."

Jan 1, 2004

By Gerhard Melcher, Hermann Hilbrans, Michael Gamroth

"IntroductionSeveral new smelting processes have been proposed and developed during the last 20 years. This has been true, in particular, for copper smelting technology. The important impulses for the advances in this field have been the recent demands regarding the environmental protection, energy saving and improved utilization of the metals contents of deposits, in particular that of complex raw materials.The methods developed more recently for pursuing these objectives have been outlined in several papers. In some of them the advantages and drawbacks of certain developments have been stressed. These documents are of great importance for assessing the different processes. The following paper tries to explain some details of the cyclone smelting process taking into consideration a few of these well-known presentations. The effectiveness of operation of the cyclone smelting process indicates that this process presents a significant achievement when compared with other conventional methods.The application of the CONTOP smelting cyclone range s beyond the field of copper metallurgy or the smelting of sulphide concentrates with the aid of oxygen. The research work carried out in the pilot plant of KHD Humboldt Wedag AG in Cologne-Porz also includes the recovery of the metal contents of intermediate products and processing of smelter residues which have to be converted in a disposable stat e, free of environmental pollution. This paper explains a few examples in this regard."

Jan 1, 1987

By D. M. Wyslouzil

"Micron or sub-micron size gold inclusions in sulphide minerals cannot be extracted by conventional cyanidation. The gold surfaces must first be exposed by decomposition of the sulphides. As an alternative to roasting, pressure oxidation was found to be a most satisfactory method to decompose the sulphides and expose the gold particles. For cyanidation the pressure oxidation pulp has to be neutralized and stabilized with lime. It was found that thiourea can extract the gold directly from the pressure oxidation pulp without pH adjustment and oxidant addition. The main obstacles against the common use of thiourea are circumvented by a recently described control method of the emf during leaching.INTRODUCTION Amalgamation and cyanidation are the most conventional processes for gold extraction. The prerequisite for gold extraction is the possibility of gold surface to be contacted by mercury or by the cyanide solution. Encapsulated gold has little chance of contact and this leads to poor extractions.The reasons why a gold ore may be refractory are: micron or sub-micron size gold particles included in the sulphide minerals, such as pyrite and arsenopyrite; presence of and association with antimony, arsenic, tellurium and carbonaceous minerals. Some alternative processes, such as double oxidation(1,2), pretreatment with lime , H202, chlorine and Caro's acid, roasting and thiourea leach, have solved some of the problems of ""refractory"", but the sub-micron gold in sulphide minerals still shows little response. Roasting and the cyanidation of the calcine was one of the most successful approaches for this type of gold ore.There are two disadvantages to the roasting process: (1) the generation of sulphur, arsenic, antimony and mercury containing gases is undesirable and the control is extremely expensive; (2) gold particles might be fused in the roasted product and the oxidized base metals in the calcine might reduce the cyanidation efficiency. In recent years the pressure oxidation process has been considered as one of the more effective and satisfactory methods to decompose the sulphide minerals and expose the gold surface to the cyanide leach solution. The pollution problem could be better controlled and the gold extraction is more amenable."

Jan 1, 1985

By G. R. Tostengard

"The paper identifies functional areas which frequently can yield significant productivity improvement. Emphasis is placed on the repair and maintenance, material supply and training functions. Successful approaches are discussed in some detail, and typical results which have been achieved are reviewed.IntroductionA challenge which at all times confronts the manager o f any mineral operation is the potential to improve his operation no matter how effective it might be a t the present time. The challenge has been present through my entire lifetime and I suspect a good many years prior to that and, I expect, will continue many year s and decades in the future. The competitive and economic situation in which we in the minerals industry find ourselves today makes the challenge eve n more important during the 1980s. In many cases it’s a question of survival, not simply pr of it improvement.There are, of course, many avenues to improving profitability; technological changes, new equipment and facilities, improved products, improved mine plans, etc. All of these are important and must be addressed by each manager. This paper focusses on just one avenue to improvement and that is ""improved management"", not so much of management at the boardroom level but of improved management o f the facilities and workforce as the y currently exist. Management implies control. There are three areas where control is often found lacking:1, Repair and maintenance of equipment and facilities;2. Material supply including procurement, inventory control and warehousing; and3. Training.These three areas are all complex and difficult to manage and they are all but ignored in the formal education which our industry&apos;s manager s normally receive. They are areas which can be improved with relatively small investments and therefore, they represent especially attractive improvement targets during the 80s when, for most of us, investment dollars are very difficult to come by."

Jan 1, 1983

Eagle Plains Resources? Exploration in the Northern Cordillera ?Eagle Plains Resources Ltd. (EPL) is actively exploring for Zn-Pb deposits in the northern Cordillera in both carbonate-hosted and shale-hosted (sedex) environments. ?This presentation will review some of the significant carbonate-hosted Zn-Pb showings occurring in the Mackenzie Mountains, NWT and make limited comparisons with sedexdeposits in the adjacent Selwyn Basin.

May 1, 2006

By Marcel Allard

On January 1st, 1977, SIDBEC-NORMINES INC. purchased from Quebec Cartier Mining Company various facilities located at Gagnon and Lac Jeannine together with the Fire Lake deposit. A t the same time, SIDBEC-NORMINES started its mining operations at Fire Lake, 83 km northeast of Gagnon. The paper summarizes the various adjustments which were necessary to satisfy the new production conditions, such as the physical and mechanical properties of the ore at Fire Lake, and the new crushing and loading installations at the mine, together with the transport of some 14 million tons of crude ore to the Lac Jeannine concentrator about 100km away, and finally to achieve satisfactory recovery from the FireLake ore. In addition, mention is made of the manpower organization, in which Quebec Cartier Mining Company plays an important role as manager of operations and owner of the railroad linking the mining operations to the pelletizing operations at Port-Cartier.

Jan 1, 1979

By A. M. Martinez, L. Melis, R. C. Peláez, L. G. Garcia

Orovalle Minerals S. L. operates a copper/gold mine in the Asturias region of northern Spain, with the operation dating back to December 1997. The feed to the El Valle mill, consisting of oxide/sulphide (skarn) mineralization, is highly variable, even on a shift by shift basis and presents challenges to the mill operating staff on a daily basis. The mineralogical characteristics of the ore are quite complex with copper present as native copper and sulphides as well as copper minerals with deleterious elements. Gold is present as native gold and electrum. The mill circuit includes SAG/ball mill grinding, gravity recovery of native copper and gold, flotation of copper concentrate, carbon-in-leach gold recovery and SO2/air cyanide destruction. The paper will provide a description of the different unit operations and present operating data of the mill operation.

Jan 1, 2019

By John Starkey

This paper examines 5 years of SAGDesign testing data with particular emphasis on the grinding test results from two recent projects, the Fortune Minerals Limited NICO project, and the Aurora Energy Resources Inc., Michelin deposits, located in the Northwest Territories and in Labrador respectively. The context is to compare these results with the SAGDesign database. The required SAG mill pinion energy for these two ores showed vast differences, even though both ores had similar average Bond Ball Mill Work Index values - about 13 kWh/t each for the two deposits respectively. Bond Rod Mill Work Index values for NICO ranged up to 19.7 kWh/t for the hardest ore, confirming the harder nature of the coarse material. SAG mill pinion energy to grind the NICO cobalt-gold-bismuth-copper ore from F80 152 mm to T80 1.7mm varied from 16 to 35 kWh/t, while for Michelin uranium ore, it varied from 2 to 9 kWh/t. NICO ore is harder than any other material encountered to date using SAGDesign testing. SAG pinion energy is more than double the ball mill pinion energy using a transfer size T80 of 1.7mm and a final grind P80 of 74 microns. For NICO, the ore is ?off the charts? for simulation design techniques because there is no comparable operating SAG mill treating ore that is this macro-competent. For Aurora, the relationship between SAG and ball mill pinion energy is reversed in that the SAG mill requires less than half of the ball mill pinion energy using a transfer size T80 of 1.7mm and a final grind P80 of 90?. Because these discoveries are so important for grinding mill design, their impact will be dealt with in future papers, at the August METSOC Conference in Sudbury, and at the September SME Workshop in Tucson. It has now been concluded that the ratio of SAG pinion energy to Bond Ball Mill Work Index, is valuable data to use in designing a SAG/ball mill grinding circuit, to help choose the power split needed.

May 1, 2009

By Claudia Gasparrini

"Factors affecting the extraction of gold are of a mineralogical nature. Knowledge of the mineralogy of the ore or metallurgical product to be treated, if appropriately combined with the metallurgical test work, may improve gold recoveries. .This paper outlines the mineralogical techniques f or the study of gold ores and metallurgical products and describes the gold mineralogy in relation to its metallurgy. An effective plan for studying refractory and other difficult ores, combining metallurgical test work, chemical analysis and mineralogy and capable of giving positive results over relatively short periods of time, is suggested.IntroductionFactors affecting gold recoveries are of a mineralogical nature and include (i) the gold-bearing minerals, (ii) their grain size and, particularly where the grain size is very fine (10 microns in diameter and less), (iii) their host minerals and (iv) the association these form with the gold-bearing minerals.Mineralogical studies of gold ores and metallurgical products containing gold in economic amounts (today down to 1/10 of one ounce per tonne or 2.84 ppm) are difficult and time consuming. Mostly because of such reason, metallurgical testing (test work) is usually done simply by trial and error without understanding the causes for failure or success.Mineralogical studies, if appropriately conducted and combined with the test work, provide an efficient mean s of improving recoveries through the understanding of gold losses derived from the use of the wrong technique for separation. The information they provide is therefore the first step in the development of recovery techniques, for those ores where the test work alone failed to produce positive results."

Jan 1, 1983

By J. J. Emery

There is an increasing awareness on an international level of the potential for utilizing many wastes and by-products as construction materials. This has resulted in recent major reviews by OECD and RILEM to supplement national activities by agencies such as CANMET, USBM, BRE and LCPC. Much of this international and national work was reported during an International Conference on the use of by-products and wastes in civil engineering held in November 1978 in Paris. Based on participation in the OECD and RILEM reviews, and the Paris conference, developments in waste and byproduct utilization of particular concern to Canada are described. The major technical and economic constraints involved are also reviewed, so that the over-all evaluation reflects important factors such as inherent variability and transport logistics. Areas requiring further research and development are also identified. Particular emphasis is placed on slags, salvaged asphaltic concrete and surplus sulphur. "Due to the rapid development of China&apos;s industry, more than a hundred million tons of industrial wastes are generated annually, which occupy lots of land for storing, bring about environmental pollution, obstruct industrial and agricultural production and cause harm to people &apos;s living. Therefore we must utilize them effectively to create wealth for our country. "

Jan 1, 1979

By C. R. Edwards

"Equity Silver Mines Limited, Canada&apos;s largest silver mine, has designed, built and operated a leach plant to reduce the levels of antimony and arsenic in its silver-gold-copper flotation concentrate. The orebody contained deleterious antimony and arsenic minerals in such proportions that the economic long-term sales contracts necessary to obtain project financing could not be procured. Construction of the leach plant therefore allowed development of the mine to proceed. Although the plant took some time to reach design throughput and product specifications, due to the complex and unique nature of the operation, these goals were successfully met and surpassed. This paper describes the physical plant and/or process technology modifications made to mold the main processes-concentrate leaching and filtering, autoclaving and filtration of by-products, and crystallization of salt cake-into an effective, economic operation.IntroductionEquity Silver Mines Limited, a member of the Placer Development Group, owns and operates an open-pit silver mine and related facilities located 37 kilometres southeast of Houston in north-central British Columbia. The mine occupies a 44 I-hectare (1089 acre) site at an elevation of 1300 metres (4265 feet) on the Nechako Plateau. Producing a copper concentrate containing high values of silver and gold, it is the largest silver mine in Canada and one of the largest in the western world. Equity stresses open communications, positive motivation, and production with safety, and achieved the best mine safety record in western Canada in 1984."

Jan 1, 1985

By E. LaRocque

"Denison Mines Limited has been processing uranium ore in the Elliot Lake area since May of 1957. The ore body is located i11 the Huronion sediments on the north limb of the Quirke Lake syncline. Minerals of metallurgical significance are brannerite, uraninite and monazite. Gangue minerals include quartz, chlorite, sericite, pyrite, pyrrhotite and rutile. Silica content of the ore is greater than 75 % and pyrite-pyrrhotite content around 7 %. Specific gravity of the ore is 2.75.The Denison flowsheet is based on sulphuric acid leaching to extract the uranium values from the ore followed by liquid-solid separation to wash the uranium-bearing solution from the barren ore. The resultant pregnant solution is concentrated and purified by ion exchange followed by two-stage precipitation with ammonia to produce an ammonium yellow-cake.Elliot Lake ores require high acid concentrations and high temperatures to extract the uranium from brannerite and monazite. Uraninite will leach at low acid concentrations as long as oxiclizing conditions exist. The whole ore must be treated so that these conditions do exist.This paper provides a description of the leaching process equipment as originally installed and major changes in that equipment to date. Process control refinements to economically improve extraction are also discussed."

Jan 1, 1979

By Andrew Bamber

Between the early 20th Century and the present, the production of mined copper ore has increased from tens of millions of tonnes per annum to several billion tonnes per annum, an unprecedented increase. Contemporaneously, the average grade of mined copper ore has declined from over 2% to approximately 0.5%. Again, in parallel, the price of copper has increased dramatically to reflect the increasing cost of extracting and beneficiating such large amounts of low-grade ore. Within the period the copper price however exhibited several periods of intense volatility, driven by interrelationships between demand and supply, themselves strongly driven by periodic industry developments in the fields of exploration, ore extraction, mineral processing and extractive metallurgy. It is notable that these periods of intense innovation exhibit a strong correlation to preceding periods of price, demand or production volatility. This paper examines key trends in each theme between 1900 and 2018 and draws strong conclusions as to the interrelationship between them. INTRODUCTION The production of copper metal has increased from around half a million tonnes per annum to over fifteen million tonnes per annum over the course of the 20th Century. Contemporaneously, the average grade of copper ore mined has declined from over 2% to approximately 0.5% copper by weight. As a result, the volume of Run-of-Mine (ROM) copper ore required has increased from around ten million tonnes per annum to over a five billion tonnes per annum over the period, an unprecedented increase. The adage is that demand drives supply, that prices rise in times of high demand and/or short supply, and that prices fall when supply catches up with demand. The market sellers in biblical times knew this well; mediaeval market sellers equally. Dutch tulip sellers in the 1600’s experienced both in extremis — much to their dismay — and the great industrialists and early capitalists of the industrial revolution knew this also. Mining recently went through a cycle where investors and producers both believed that the “old” rules did not apply any more and that the industry was in a “supercycle” where prices would continue to rise on the back of increasing demand. However, as the GFC of 2008–2011 showed, this was not to be. Another adage says that we constantly innovate to lower costs of production. Is this true? Do we only innovate to lower cost? Has the true cost of producing copper actually gone down over the century? Or are there other balancing forces at play? Herb Kellogg, in his Centenary address to the American Institute of Mining Engineers (now SME), categorized two types of innovation: ‘Bigger and Better’, and ‘New Process’ (Kellogg, 1970). ‘Bigger and Better’ allows increased production at presumably lower cost; ‘New Process’ supports the same result at presumably the same scale, but at significantly enhanced efficiencies and (therefore) lower cost. It is suggested that both types of innovation are constantly and interchangeably required to achieve the kind of scale-up, at achievable operating and capital cost that the industry has achieved over the period. What can be shown, over this last Century and a bit, is that supply and demand are indeed inextricably linked, price and demand are linked, but so are price and cost of production. And the innovation required to sustain that weaves in between them all, cost-effectively increasing production capacity or lowering the cost of production at the same throughput, and sometimes both.

Jan 1, 2019