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By J. Budac, E. Krause, C. L. Stewart, D. Wrana, S. W. Laundry

"As part of an over-all arsenic management strategy, Inco has developed a novel process that converts a by-product high moisture copper/arsenic sulphide precipitate into a crystalline copper arsenate suitable for the manufacture of wood preservation chemicals.The copper/arsenic sulphide precipitate is atmospherically leached with oxygen and sulphuric acid, producing a crude (blue) copper arsenate precipitate, elemental sulphur, and a copper and nickel containing solution. The blue copper arsenate is dissolved with sulphuric acid, the molar Cu/As ratio is raised to 2, and a crystalline copper arsenate (olivenite) is precipitated by the addition of sodium carbonate. Dissolved copper is recovered using metallic nickel (or matte) and elemental sulphur, to produce a low-moisture (low-arsenic) precipitate suitable for standard nickel-copper processing.The process was successfully piloted at Inco's Manitoba Division between September 1990 and June 1991. The copper arsenate product typically analyzed 43% Cu and 25% As, and the moisture content was about 10%."

Jan 1, 1995

By J. Bouchard, A. Desbiens, M. Maldonado, R. del Villar

ABSTRACT: Despite many years of practical applications in mineral processing plants, the potential of column flotation has still not been fully exploited. The challenge in measuring some key variables is certainly an important contributing factor to this situation. Reliable online measurement of varibles, such as the froth depth, bias, gas hold-up, frother concentration, bubble surface area flux, and bubble size distribution, provides opportunities for the application of various advanced control strategies and real-time optimization based on an economic criterion. For several years, Université Laval’sLaboratoire d’observation et d’optimisation des procédés researchers have been working on these opportunities. This paper describes the most recent advances and current research trends.

Jan 1, 2011

By B. McHenry, A. E. Wraith, P. J. Mackey

The Wallaroo smelter on the Yorke Peninsula, South Australia commenced smelting operations in 1861 treating ores from the nearby Moonta and Kadina mines. The plant expanded and modernized on several occasions and was a leader in the successful introduction of new technology to improve operations. It operated continuously until 1923 when local mines became exhausted; in the closing stages of the 19th century it was the largest copper smelter in the world outside of those in Swansea, Wales. In 1892 a small electrolytic refinery was established at Wallaroo, the first in Australia, based on principles developed by Elkington at Pembrey, Wales in 1869. The Wallaroo refinery was specifically built to recover gold and silver from copper produced by smelting gold-containing feed materials shipped from Western Australia. This first venture into electrolytic refining was replaced in 1903 by a somewhat larger refinery which, although modest in size for its time, with a capacity of about 1000 tonnes of cathode copper per year, was very productive in precious metals. Anode copper was produced by an updated version of the reverberatory-based Welsh process until 1910 when barrel-type pneumatic converters were introduced based on American practice; subsequently, anodes were cast by tapping the precious-metals rich "bottoms" portion of converter copper as produced at about one-fifth into the copper blow. The present paper describes the Wallaroo refinery, its anode supply and products, supported by initial observations on a sample of a Wallaroo cathode held in the collection of the South Australia Museum, Adelaide SA, Australia. INTRODUCTION Australia ranked 6th in the world for copper mine production in 2018, with an output of 918,000 tonnes of mined copper, after Chile, Peru, Congo, China and the USA; about 40% of Australian mined copper was smelted in the country. Interestingly, the world ranking of Australia in mined copper has, with a few variations, remained about the same for more than 100 years – of interest, it was also the 6th largest country for copper production at 21,089 tonnes in 1899. At that time, all or most of the copper was smelted in the country (Mackey, 2016). Copper was first discovered in Australia in 1842 in South Australia not far from Adelaide; additional copper discoveries in the region soon followed. At first, copper ore was shipped to Swansea, Wales for smelting (Bampton, 2003). However, in addition to the long, 150 day one-way sea passage, it seems Welsh smelters preferred higher grade of ores – these aspects and likely a mood in the new colony to be independent of Swansea (Evans, 2014) evidently encouraged local smelting at the mine sites using small, Welsh-type reverberatory furnaces fired with hardwood as fuel and operated by Welsh and Cornish migrants. The first large copper smelter in Australia commenced in 1848 at Bremer, near Callington some 60 km east of Adelaide. With larger discoveries on Yorke Peninsula, the Wallaroo copper smelter at Wallaroo Bay on the west coast of the peninsula commenced operations in 1861 (Bell & McCarthy, 2008). Thus began one of the most successful, and in its day, one of the most advanced and innovative plants in Australia if not the world. In the late 1860s, it was considered one of the largest copper smelters in the world (Bell & McCarthy, 2008)

Jan 1, 2019

By S. Southall, F. McCaffrey, F. Stober, M. Darini

Electrode Columns are commonly used in electric furnaces to deliver current and regulate furnace power to the smelting or melting process. Hatch has developed an innovative patent-pending system for lowering ("slipping") and/or raising ("back-slipping") the electrodes through an electrode column, without requiring the release of any clamping devices. All clamping forces are applied by springs. Unlike systems employing hydraulically applied clamping forces, (e.g., water bladders) the spring system is failsafe. Its inherent simplicity virtually eliminates the need for maintenance. The Hatch system is particularly applicable to Soderberg electrodes, and comprises two axially movable slipping clamps and a stationary power clamp, each of which apply a distributed, radial clamping force to the electrode. The magnitudes of the slipping sleeves' clamping forces and sequencing of their axial movements are selected such that the slipping clamps, in conjunction with the weight of the electrode, provide slipping or back slipping without release of any clamping force.

Jan 1, 2005

By J. M. Livingstone

"This paper covers some of the problems confronted by Canada's railways in moving bulk materials from their source to the dock-site. The ""cost center"" concept is presented, and hypothetical examples of its use given. Also discussed are systems design, the unit train and pipelines.INTRODUCTIONCANADA LIVES BY RER EXPORTS and the Port of Vancouver by the exports of the Mountain and Prairie Empire at her back. The most recent estimates of off-shore shipments of bulk from the Port of Vancouver rise to 35.8 million shipping tons in 1985 and deep-sea general cargo estimates, in and out, are estimated at 7.6 million shipping tons for the same year. This compares to 7.67 and 2.87 million shipping tons, respectively, in 1965."

Jan 1, 1968

By C. Rodgers, E. (Ted) Warren

"LocationThe Key Lake operation of Cameco Corporation is located at latitude 57°N in northern Saskatchewan, within the southem boundary of the Athabasca formation. The nearest city is LaRonge, located 240 km to the south. Access to the mine is by all-weather road and by private airstrip.Description of OperationThe mill was designed to produce twelve million pounds of uranium oxide (U3O8) a year from a feed grade of 2.4% U3O8. Current production is fourteen million pounds from 2.0% feed.Following grinding, the uranium is leached using sulphuric acid and oxygen in autoclaves. An eight thickener counter current decantation (CCD) circuit is used to separate the uranium-bearing solution from the solid waste residue. The uranium in solution is further purified in a solvent extraction circuit. The purified uranium is then precipitated using ammonia, calcined at 840°C, and packaged in drums for shipping to refineries. There is a crystallization circuit to recover excess ammonium sulphate produced in the process, and a waste treatment circuit.HistoryUranerz Exploration and Mining discovered the Gaertner and Deilmann orebodies in 1975 and 1976, respectively. Between 1975 and 1977, Uranerz conducted laboratory studies and delineated a process for the Key Lake ore known as the ""Bonn process."" In 1977, Sherritt Gordon Mines Ltd. was retained to conduct further studies in cooperation with U ranerz. The technical feasibility of the Bonn process was generally confirmed. Howeve1~ alternative processing methods also appeared feasible, and over the period 1978-1979, a detailed research and development program was conducted to finalize the processes to be used and to provide data for design of the plant."

Jan 1, 2000

By Osvaldo A. Bascur, Curt Heftier

The lack of integrated information including the Energy/Utility Suppliers with sufficient detail for analysis causes inefficient operation in metallurgical complexes including the Energy/Utility Suppliers . Defining the right context for information use is essential for sustainable operations. This being said, what are we doing to enable people to act upon information and to be aligned to optimize the use of resources like raw materials, energy, water and consumables for an entire metallurgical complex? Collaboration between all company entities is a key component of improving efficiency. Evolution of web technology and object modeling of enterprise assets enables collaboration across the whole business. Operational troubleshooting occurs more quickly as the organization acts on issues to reduce wasteful operation. This paper presents a real time software infrastructure with tools that give users the ability to sift through available data, transform data into information for business continuous improvement and optimization. We will introduce a new technology for analyzing real time data, information and events using multidimensional analysis of information to detect anomalies based on the statistics of the data classified by time events to reduce the information into action. A new paradigm for collaboration at a local and strategic level is proposed to enable the enterprise to become proactive in dealing with wasted time and products. Three examples from the industry will presented and their benefits highlighted.

Jan 1, 2011

By E. C. Harder

BRITISH Guiana, Great Britain's only South American colony, may be reached by very comfortable steamers, both from North America and Europe. The trip from North American Atlantic ports requires about 12 to 14 days; that from Europe about 18 to 20 days. A number of steamship lines, including Canadian, American, and Dutch, have regular sailings between North America and British Guiana, with calls en route at various interesting ports in the West Indies and northern South America. Moreover, several lines, including British, German, and French, have steamships operating regularly between Europe and the West Indies. Indeed, so popular have the West Indian voyages become in recent years that, during the winter months, special cruises in considerable number are organized for many vessels that ply in the trans-Atlantic service in the summer. A trip to British Guiana, therefore, has become a delightful experience. After visits at the various attractive Leeward and Windward islands and Trinidad, the approach to the low, flat, British Guiana coast, with its muddy coastal waters extending for many miles offshore, is somewhat of a contrast. Arrival in Guiana waters is signalled by the appearance of the modern high-power Demerara Light, located "on a shoal about twelve miles from the mouth of Demerara river. From this point, if the tide is right, a pilot takes the steamer across the bar, eight to ten miles offshore, and into Georgetown harbour. At high tide, the water above the bar ranges from 15 to 18 feet in depth, depending on whether it is neap tide or spring tide; at low tide, the corresponding depths are 9 to 11 feet. As the bar is of soft mud, however, it is usually possible for vessels to pass over it with a draught of about two feet in excess of that indicated by the tide tables. Upon nearing the shore, one sees first the Georgetown wireless towers, then the light-house and the tall chimneys of sugar mills and of various factories in Georgetown, and finally the palms and other tropical trees and the houses of Georgetown itself along the sea shore and the east bank of Demerara river. Extensive wharves operated by various exporting and importing companies stretch along the river bank and activity prevails in Georgetown harbour. The principal exports are sugar, rice, gold, diamonds, bauxite, balata, lumber, fruit and other tropical products. The imports are food-stuffs, wearing apparel, and manufactured materials of many kinds.

Jan 1, 1936

By G. R. Phare

Explosives formulation is dictated by desired field performance, which in turn is dependent on such physical properties as strength, velocity of detonation, sensitivity, and water resistance. The design of explosives to obtain these properties is discussed with some reference to detonation and rock mechanics theory.

Jan 1, 1958

By John B. Phillips

The mine is entered by a central vertical shaft, strongly timbered, and containing two compartments-one for the passenger cage, the other for the large skips bringing the ore to the surface. A man-way, for emergencies, is also provided, parallel to the shaft. The cage is a single-deck steel box, carrying about thirty persons; by means of arrangements above and below, it can also hoist and lower materials needed in the workings. Levels are run at intervals of 100 feet. In special cases, where the ore conditions warrant, sub-levels are operated, such as those at 1,113 feet and 1,123 feet (Fig. 7), which are connected by winzes with the 11 th level. One of these was pushed for 40 feet, and then abandoned because it was unprofitable to take up ore of the grade encountered. The ore between levels is removed by stoping. The drifts follow the course of the veins as much as possible, with numerous cross-cuts. Winzes, raises, connections, etc., are blasted out where needed. The main drifts are at least 8 ft. high by about 9 ft. wide. All former narrow drifts had to be widened some time ago, by ruling of the Ontario Department of Mines, to lessen the danger of accidents with cars in the small passages. Accurate plans of the under-ground workings are kept in the office, and extensive surveying is always being done underground to keep the maps up to date, measure the cubical contents of stopes, and so forth. Timber is extensively used in the construction of supports and chutes, and in the sinking of the shaft. Steel and concrete are too ex pensive to compete with timber, which 1s abundant in such sections as have escaped forest tires.

Jan 1, 1926

"In developing a backfill system handling tailings feed to and from the storage silo, it is necessary to establish a slurry laboratory to develop the technology and silo design criteria. This paper presents the principles involved in such development and the importance of testing principles for optimizing the slurry system. Evaluation procedure based on experiments is applicable to a wide range of materials and allows silo design by scaling up the data gained from model tests. Silo simulation has been successful to design and operation, so becomes an effective approach to backfill applications. IntroductionThe silo is a device comprising specialized equipment and operating with related procedures for storing and handling the mill rejects as backfill slurry. It provides a steady supply of the solids slurry, prepared at desired pulp density under the continuous feed conditions. Because the silo system is designed to accomplish specific objectives when dealing with a particular mill tailings slurry, it is necessary to characterize certain slurry properties, behaviour of the solids slurry and understand the silo performance to establish design criteria. Bench-scale, pilot-scale and dewafull- scale experiments were employed in developing the load-storage-discharge system, and routine procedures are now available for pre-design testing. Silo model experiments and full-scale tests were conducted to define the design parameters and evaluate the silo performance. A silo can be designed by scaling up the silo model geometry and data obtained during tests.Since the early 1960s, silo backfill systems have been widely established. The shape and size of the silo and the operation procedure, as practised, all appear to be relevant to successful operation. Understanding the basic material properties and behaviour of solids slurry retained in the silo will help perfect the silo design, operation procedure and, consequently, improve the silo performance."

Jan 1, 1997

By M. Board, R. Pakalnis, S. Seldon, R. Brummer

The Kidd operation mines roughly 10 000 tpd of copper and zinc ore from underground and employs about 700 personnel. In the late summer and fall of 1997, major movements in the proximity of the east wall of the Kidd open pit had been observed. The Kidd pit had been mined from 1965 to 1977 to depths of 260 m (850 ft), followed by subsequent mining by underground methods to current depths in excess of 1830 m (6800 ft). The No. 1 Mine (2600 Level to pit bottom) is approximately 90% extracted, with most of the remaining reserve between 2000 and 2500 levels. Although initial concerns centred on the stability of the pit walls, the potential ramifications of the movements to the underground were recognized and measures were implemented to ensure the safety of personnel as well as to minimize the potential damage to existing operations. In late October, damage to underground operations was observed as deep as the 2000 Level. In the final assessment, the global mobilized mass was a “wedge”-shaped hangingwall block extending from surface to about 610 m (2000 ft) below surface. The “wedge” boundaries are defined by a fault and shear zone which have continuous lengths in excess of 1070 m (3500 ft); its base by shearing through the host rock mass; and its eastern face by deep tension cracks (Fig. 1). Mined and filled excavations at the western face of the “wedge” allowed mobilization of a mass in excess of 30 M tonnes. Movements in excess of 75 cm (30 in.) per day were recorded on the surface stations that preceded the complete shutdown of operations on October 29, 1997. The evaluations in the days following the shut-down were centred on mitigation of immediate and future possible negative impacts on infrastructure and mining of the remaining No. 1 Mine reserves while ensuring the safety of the operators. This effort required the rapid assessment of the potential damage of the block movement on underground infrastructure, stope access, drainage and ventilation, as well as airblast potential due to the falling of a large block into the pit near the ventilation intake at the base of the pit. These assessments were presented in a previous paper (Seldon et al., 1999). In total, the lateral movement of the block on the ground surface was over 4.3 m (14 ft). This paper describes the detailed studies performed to understand the failure mechanism and to assess the impacts on future mining in No. 1 Mine.

Jan 1, 2000

By R. H. Waddington

Historical The limitations of reverberatory furnace operation have prompted many investigators to consider electric furnaces for melting electrolytically refined cathode copper. In the majority of cases where experimental work was performed, the furnace used was of the granular resistor, induction, or indirect-arc rocking type, and attempts to adapt the three-phase direct-arc furnace to copper melting appear to have been relatively few. In 1935, the International Nickel Company of Canada, Limited, carried to an advanced stage its experimental investigation of continuous melting of copper in the three-phase direct-arc furnace, and demonstrated that this process was technologically and economically practicable. Trial operations were conducted at the Huntington, W.Va. works of the Company, and were followed by the installation at Copper Cliff, Ontario, in 1936, of a full-scale unit for commercial operation. Two years later, a second unit was installed -which raised the electric melting capacity to a point permitting complete replacement of the coal-fired reverberatory furnace operation in the production of refined copper castings.

Jan 1, 1946

By Dave Bulled, Khiratt Husain

"The use of High Pressure Grinding Rolls is gaining significant interest as a replacement for SAG milling in the comminution of hard rock ores because of the potential for reduced costs in terms of energy and grinding ball consumption. Estimation of expected energy consumption for fullscale operations has conventionally involved the testing of a few fairly large samples in pilot scale HPGRs. This paper describes the development of a small-scale batch test method for determining a work index for HPGR of a large number of samples that can be used to show the variability of the ore as an integral part of a geometallurgical approach to circuit design and production forecasting.The test equipment that was developed comprises a hydraulic press with adjustable pressure operating on small batches of ore in a locked cycle test procedure. A work index measurement was determined that links the specific energy consumed in the test to the breakage achieved such that the index can be used to predict comminution energy requirements.The measurements were calibrated against laboratory scale HPGR equipment to develop a model for design and forecasting that includes crushers, HPGRs and ball mills in a complete comminution circuit.INTRODUCTIONEstimation of the expected energy consumption for full-scale HPGR operations has conventionally involved the testing of a few fairly large samples in laboratory and pilot scale machines (Danilkewich, 2006). With the financial input of five mining corporations, SGS Lakefield Research has developed a small scale test capable of providing relevant information on the variability of energy consumption and size reduction from drill core samples. It is our intention that the values measured in the test will be scaled up, through benchmark comparison with pilot sized and full sized HPGR units, to allow plant design and throughput forecast on a block by block basis of the mine plan using a new CEET program. CEET® (an acronym for Comminution Economic Evaluation Tool) is an advanced grinding design and performance predicting tool that uses energy relationships to model the performance of SAG / Ball mill circuits."

Jan 1, 2008

By C. M. Campbell

In his report on the Coal Resources of Southern Vancouver Island, Mr. J. D. MacKenzie stated that: "For various reasons it has been imagined that the coal deposits of Vancouver Island are extremely large and readily available." "Unfortunately," he added, "neither of these assumptions is correct." The chief disability under which the Island mines now labor does not concern the extent of the deposits. There is ample coal for the present demand. It does, however, concern the availability of the coal. If it were readily available the fuel-oil competition would not be serious and there would be no competition with Alberta, American, Welsh, or Australian coal along the Pacific Coast, for Vancouver Island coal could be produced at a price that would cut out all competition. The outstanding operating difficulty common to all Island mines is the extreme irregularity of the coal seams. To most people a coal seam is synonymous with uniformity, and in most coal seams a condition found at one point will be repeated at other points in the same seam throughout the basin. The accompanying drawings show how very far this is from being true in the Cassidy mine, which, in many respects, is typical of Vancouver Island mines. Figure I is a plan covering about 160 acres of the Douglas seam, the only workable seam in this part of the district. The area shown represents what has been the best producing part of the mine and indicates the very large percentage of the seam where the coal is either entirely lacking or so small in amount that it cannot be profitably recovered.

Jan 1, 1924

By O. A. Bascur

Several new hydrometallurgical plants have been built in the past years, new processes and equipment as well as advanced process control systems are being used to deal with the increasing requirements of safety, quality and production. Plant Information Management Systems are now being recognized as a key infrastructure component of the plant, giving the management, the operators, process engineers, finance, maintenance, and regulatory agencies an integrated view of the operation and providing the links for the (increasingly) multidisciplinary organization. This paper reviews several implementations of Plant Information Systems; real time performance management infrastructure examples are reviewed as a key component of business strategies, such as Mine to Port Planning and Supervision, Metallurgical Mass Balances, Solvent Extraction Composition Statistical Process Control, methods to minimize organic losses, reduce variable costs and to improve metal extraction. Several examples are provided to illustrate how companies are using the real time and historical information from assets and metallurgical processes to enable and empower people to improve the operations quality, safety and throughput, as well as continuous improvement and innovation initiatives.

Jan 1, 2007

By Simon Weixiao Sun

Conventionally, carbon steel has been the primary material for salt mine headframe construction, protected by specialty paint layers to prevent corrosion. These layers require meticulous QA/QC during fabrication and erection, and the top UV protection layer typically loses effectiveness after an average of 10 years, necessitating ongoing maintenance. As headframes age, significant structural repairs are often required. Alternatively, stainless steel can eliminate corrosion concerns, though its high initial cost has limited its use in headframe design. However, when factoring in long-term maintenance costs, a 'maintenance-free' stainless steel headframe can be an attractive option for stakeholders. This paper compares the structural performance and economic considerations of painted carbon steel and stainless steel headframes, including initial capital and long-term maintenance costs. Additionally, it explores a hybrid approach, strategically using carbon steel in low-contamination areas to reduce initial costs and significantly minimize future maintenance efforts.

May 4, 2025

By R. D. Prettie

Wood preservation may be defined as the art of protecting wood from decay. In its broadest sense, however, it includes a much wider field. It might be more properly de-fined as the art of protecting wood from destructive agents, such as decay, insects, marine borers, mechanical wear, etc. The earliest data on record for the preservation of organic bodies is found in Egyptian manuscripts. The bodies which we call mummies were impregnated with antiseptics, of which the principal were natrum (sodium sesqui-carbonate), sodium chloride, and sodium sulphate. After being steeped in the solution, they were subjected to either a boiling or baking process in a bituminous preparation. The first attempts in Europe to preserve timber were made by the Greeks and Romans. They extracted essential oils from the juniper and cypress trees, and either rubbed these oils into the wood they wished to preserve, or bored thousands of small holes in the wood and poured the preservative oil into the holes. The famous statues of Jupiter and Diana were carved out of wood. The ceremony of pouring in the preservative oil by the High Priests was a religious pageant of great importance, of which there are many records.

Jan 1, 1926

By J. B. Boisvert, D. S. Silva

"Drillhole placement involves benefits, costs, and constraints. Benefits are related to the drilling campaign value, which includes maximizing “indicated” and “measured” resources. Costs include drilling, rig movement, and access construction. Constraints include infeasible areas, maximum and minimum angles of drilling, maximum depth of drilling, and budget. Manually planning drillholes that meet these constraints is suboptimal. A framework for straight drillhole optimization that accounts for benefits, costs, and constraints is presented. The method aims to maximize the value of resources converted from “inferred” to indicated and measured. The framework is demonstrated for a Nevada gold deposit and outperforms manually selected drillholes.RÉSUMÉ Le choix de l’emplacement d’un trou de forage s’accompagne d’avantages, de coûts et de contraintes. Les avantages sont liés à la valeur d’une campagne de forage, qui comprend l’optimisation des ressources « indiquées » et « mesurées ». Les coûts englobent le forage, le déplacement de l’appareil de forage et la construction des routes d’accès. Quant aux contraintes, elles portent sur les zones impraticables, les angles maximums et minimums de forage, la profondeur maximale de forage ainsi que le budget. La planification manuelle des trous de forage répondant à ces contraintes est sous-optimale. Cet article présente un cadre relatif à l’optimisation des trous verticaux de forage tenant compte des avantages, des coûts et des contraintes. Cette méthode vise à optimiser la valeur des ressources converties de la phase « ressources présumées » à celle de « ressources indiquées et mesurées ». Ce cadre est appliqué à un gisement aurifère du Nevada et donne de meilleurs résultats que les trous de forage sélectionnés manuellement. INTRODUCTIONDetermining the optimum location of infill drilling has been studied because the high cost of drilling suggests that using fewer drillholes is preferred, and targeting locations of the deposit that are locally uncertain should result in better mine planning decisions and increased profit of the operation. Existing methods for optimizing drillhole locations consider minimizing the kriging variance (KV) as the objective and are mostly restricted to two dimensions (Soltani-Mohammadi & Hezarkhari, 2013a, b; Soltani- Mohammadi, Safa, & Mokhtari, 2016)."

Jan 1, 2018

By A. A. Goss

We investigate the relationship between corporate financial performance (CFP) and environmental and social performance (CSP) in a sample (n=165) of large, publicly traded U.S. mining and oil and gas firms. Using optimally scaled principal components analysis to generate aggregate measures of CSP strengths and concerns, we find higher concerns are related to higher volatility of unexpected earnings and discount rates. Furthermore, these earnings shocks are more likely to be negative as concerns increase. Decomposing this relationship shows that negative environmental performance dominates proactive environmental management as a driver of unexpected earnings, but proactive community efforts increase the magnitude of earnings shocks. We document some evidence of the strategic use of CSR, with those firms that have greater risk investing more proactively in CSR.

Aug 1, 2013