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By Rolf Andreas Lauten, Adam Pratomo, Dani Ramdani, Helminton Sitanggang

A universal challenge for the mineral processing industry is the diminishment of high grade ores. Instead, low grade ores, sometimes also containing problematic gangue minerals is the reality. With lower head grades the industry has to put more effort into processing to maintain the output and achieve suitable recoveries. In an effort to reduce the impact of declining head grade, a biopolymer was evaluated as an additive in the gold leaching operation at Antam Pongkor in Indonesia. Laboratory testing revealed that biopolymer usage lead to an increased gold recovery without apparent negative impact on the other parts of the process. Further plant trials revealed both a recovery increase around 1.3% and higher throughput (9%) in the presence of the biopolymer. Some scenarios that can explain these findings will be discussed.

Jan 1, 2014

By W. M. Goodwin

The gold district of northwestern Quebec, though it has attracted such widespread attention during the past year, is still in the prospect stage throughout, and one must preface any remarks about it with the plain statement that its capacity to produce gold commercially is still subject to proof. However, this proof may be forthcoming any day, and from widely separated localities. Consequently it is of interest to note some of the features of the region and of the prospects now being developed. First I shall note the relation of this mining development to the province of Quebec and to the Dominion; then will follow a brief resume of the known geological facts; and finally I shall describe briefly some of the more advanced prospects developed during the past twelve-month. Those that have followed closely the fortunes of the new gold-field will find little that is new in what follows, but it may serve a useful purpose for others by bringing together scattered items of information and presenting them as a whole. GOLD MINING AND AGRICULTURE First let us consider the gold belt in its relation to the province of Quebec. Apart from the world-renowned asbestos camp south of the St. Lawrence, it is the only mineral development of major importance the province has experienced. It is the first important development in the province's vast area of Precambrian rocks, most of which remains as yet totally unexplored and unprospected. The relative importance of this first mining camp in northern Quebec cannot as yet be gauged, but it is bound to stimulate an active interest in the other mineral-bearing areas now known to exist, and in the vast unexplored spaces.

Jan 1, 1924

By K Morrison

Different individuals have calculated the boundary stresses around elliptical openings in an infinite elastic medium for various conditions of loading. With caution, such calculations are useful in indicating stress trends in mining. This paper illustrates an application to caving operations and suggests that abnormal field stress would have an adverse effect. Introduction GELDART and Udd (1), applying elastic theory, confirmed, and set out graphically, the stress distributions on the surface of elliptical openings with axis ratios varying from 1.0 (a circle) to infinity (a crack). The loading conditions varied from uniaxial to hydrostatic, and inclinations for the opening, with respect to the stress axis, varied from 0° to 90°. As most mine openings can be generalized into this elliptical conception, the usefulness of the presentation lies in the fact that given reasonable estimates for the stress ratio, the axis ratio, and its inclination, then the trend in stress concentrations as an opening develops can be readily approximated.

Jan 1, 1964

By Theodore H. Boggs

The battle of the gold standard is not limited to one country alone, or even to a single group of countries. It is being waged merrily in many important commercial and industrial quarters. Though it is not always a practical issue calling for immediate attention, it is none the less, quite widely, engaging the thought of bankers and other students of finance. The controversy arises, in the last analysis, because of the desire of men to secure a stable currency. There are two ways of restoring a reasonably stable currency system: (1) the re-establishment of the gold standard, or (2) the deliberate and artificial management of a paper currency. Both systems are well known. The gold standard was in use prior to the war in the principal commercial countries. A currency of inconvertible paper has been at times employed in the past in various countries; for example in Britain from 1797 to 1821, and in the United States from 1862 to 1879. The gold standard, as all are aware, implies the selection of gold as the standard of value. The unit of value is a fixed weight of gold and, so long as the standard remains unimpaired, all other means of payment are maintained at a parity with standard gold coins. And gold coins alone constitute the standard money, inasmuch as their value as bullion equals their value as coins. Under the gold standard this would not be true of any other form of money, although all other varieties of money, including bank notes, government notes and silver coins would be freely convertible into gold money. Strictly speaking, the gold standard also implies that the gold money in turn shall itself be freely convertible, through melting, into gold bullion and freely exportable.

Jan 1, 1925

By K. Huang

"Solvent extraction (SX) is one of the most effective techniques for the multi-metal separation. However, repetitive pre-treatment of feed-in solutions and/or multi-steps two phase equilibrating in conventional SX processes were always unavoidable due to the poor separation selectivity between those metals with similar physicochemical properties. In this paper, our recent efforts, aimed to develop a “Three Liquid Phase Extraction” (TLPE) strategy for one-step separation and selective enrichment of different metals respectively into three coexisted liquid phases, are reviewed. Various feasible “Three Liquid Phase Systems” (TLPS) are evaluated. The TLPE technique provides a potential possibility for multiphase extraction to separate multi-metals.INTRODUCTIONLiquid-liquid Solvent Extraction (SX) is one of the most effective techniques for metal separation and purification. Traditionally, extraction and separation of multiple valuable metals from the leaching solutions of complex ores, industrial wastes and byproducts have to face such difficulties that multiple target metals with similar physicochemical properties co-exist in the solutions, and therefore their mutual separation selectivities are very poor. In conventional organic-water two phase SX processes, repetitive pre-treatment of feed-in solutions including the adjustment of the solution acidity, removal of impurities and/or multi-step liquid-liquid two phase equilibration were always unavoidable (Wang and Chen, 2001). Only one of the target metals is obtained in each extraction step, therefore the whole separation processes for multi-metal separation are typically very long and costly.Liquid-liquid-liquid three phase extraction is a developing technique for separation of complex systems containing multiple target components (Tan, 2003; Shen, 2006; Yu, 2009). The technique is in fact a three-liquid-phase selectively partitioning of different target components through the control of phase-forming behaviors of extraction system to create a unique separation medium with three co-existed liquid phases. The separation selectivity of “Three-Liquid-Phase System” (TLPS) may derive from its three-layered liquid phases from up to down with different hydrophobic or hydrophilic environment, and therefore each phase has its own specific selectivity for dissolving of an individual component. In a well designed “Three-Liquid-Phase System” (TLPS), multiphase extraction and selective separation of different components respectively into three different liquid phases can be achieved by only one-step of extraction. Owing to its distinct advantages, “Three-Liquid-Phase Extraction” (TLPE) technique has found many potential applications in purification of various organic chemicals (Shen, 2007) and biological activities (Chen, 2002; Tan, 2006; Jiang, 2008), treatment of environmental wastewaters (Shen, 2006; Yu, 2009; Yu, 2010; He, 2012), extraction of valuable components in natural products (Liu, 2010) and separation of multi-metals in complex leaching solutions (Jin, 2009)."

Jan 1, 2012

By W. A. Alexander

Introduction In the course of a programme of research on beryllium in progress in these laboratories, knowledge of the recrystallization temperature became necessary. As the information is not available in the literature, the determination of this temperature for metallic beryllium was undertaken. By the reduction of grain size through working and recrystallization and the probable simultaneous induction of preferred orientation, it was hoped to improve the working properties of beryllium at lower temperatures. The recrystallization temperature is usually determined by observing the lowest temperature of annealing at which new crystals are formed in severely cold-worked metal or alloys. This temperature is profoundly influenced by the following factors: the purity of the metal, in the case of an element, or the composition of the alloy; the degree of straining or working; the temperature of straining; the original grain size; and the time held at the annealing temperature. The observed temperature is lowered by higher purity, more severe straining, lower temperature of working, smaller original grain size, and longer time of annealing. Beryllium presents special difficulties in that the percent elongation in tension is effectively zero, so that ordinary squeezing or rolling was not possible. A possible means of straining was suggested by the fact that indentation hardness tests could be made. It was known from earlier work that the metal could be worked at elevated temperatures, so that working at the lowest feasible temperature and quenching might also be a means of producing strain. The purity of the metal is also a point of some uncertainty in the case of beryllium. Losano has prepared 99.96% Be which appears to be the best reported. Distilled metal used in the present work approached this purity. However, by analogy with other metals, residual impurities may have a pronounced effect on the recrystallization. Further purification of beryllium would evidently entail considerable difficulties due to the highly reactive nature of the metal, and was not attempted.

Jan 1, 1947

By L. D. Haig

"The Texada Mill is a unique iron operation producing High Grade sinter iron concentrate and a by-product copper, gold, silver concentrate. The plant is complex and extremely flexible to handle the many varieties of ore. Two iron concentrates are made and blended. A coarse iron concentrate from primary grinding and a fine concentrate after rougher flotation to remove all the sulphides.All the tailings from iron processing are collected, dewatered, reground and floated for additional copper recovery.The entire milling operation has been carried out in all sea water for seven years and mixtures of sea, fresh, and reclaimed water for ten years prior to that.A very stable float results from the use of sea water at the natural pH8. Reagent Consumption is lower and Metallic Corrosion of mill liners and grinding media is actually less than local fresh water or mixtures of fresh and sea water.Marine growth in pipe lines can be periodically removed by violently bubbling high pressure air up through the water filled mains.Location:Texada Mines is located on tide water on the west side of Texada Island 100 miles northwest of Vancouver, B. C.The Island is served by a 30 car ferry, tug and barge and a scheduled air service from Vancouver to a company maintained air strip near the mine.The climate is moderate with about 30 inches of rain during the winter and relatively dry summers."

Jan 1, 1974

By J. W. Baker

"The Kerr-Addison mine is on the northeast shore of Larder Lake in the township of McGarry, District of Timiskaming, Ontario. It lies just south of the highway leading to the town of Kirkland Lake, 25 miles to the west.The property was first staked in the summer of 1906, by a party of prospectors led by a Dr. Reddick of Ottawa. Subsequent assessment work resulted in the erection of a 20-stamp mill in 1908. Gold from this mill was used in the first gold coins to be minted in Canada. The operation did not prove successful, however, and mining was suspended. In 1914 a consider-able amount of underground development was undertaken by the Associated Goldfields Co., without success.In 1936 Kerr-Addison Gold Mines Co. carried out large-scale sampling from four adits driven into the hillside at the mine. Results were not satisfactory, but it was decided to drill one last deep diamond drill hole from surface. The hole cut a wide section of gold ore. With this encouragement, further development outlined a large tonnage of ore, and a 500-ton mill was put into production in May, 1938. In 1939, its first full year, the mine produced 54,480 ounces of gold and 2,732 ounces of silver. By 1955 the mill had been expanded to a rate of 4,549 tons daily, and in this year 427,193 ounces of gold and 23,490 ounces of silver were produced.From 1938 to the end of 1955 the total production, from 17,473,797 tons milled, has been 3,607,462.74 ounces of gold (0.2064 ounces per ton), and 182,278.56 ounces of silver, with a total value of $131,073,037."

Jan 1, 1949

By A. Pawelczyk, D. Hreniak, E. Zych, W. Strek, K. Grabas, A. Ostrowski

"Mongolia is a country rich in rare earth resources. In the experiments carried out samples of the Mongolian ore were processed to obtain a lanthanide concentrate. The concentrate underwent hydrometallurgical processing. At the same time radioactive elements were removed. The lanthanides were obtained in the form of hydroxides that were further processed in order to get concentrated products. As a result cerium, lanthanum and neodymium-praseodymium concentrates were separated in the process. Also a concentrate of remaining elements: samarium, europium, gadolinium, terbium, dysprosium, holmium and erbium was obtained. INTRODUCTIONAccording to the assessment of the US Geological Survey, Mongolia possesses 16.77 % of the world total rare earth (RE) resources (Daly, 2011); that is the second largest RE reserve in the world, estimated to be 31 million tonnes in terms of rare earth oxides (REO). In the face of Chinese RE trade restrictions, Mongolia emerged as an important economical partner in mining and exploitation of these critical raw materials. This country is recognized as having more than five large RE deposits in the southern provinces. The most important are Lugeengol (Lugin Gol), Mushgia Khudag, Khotgor and Khalzan Buregtei (Eurasia, 2010). The Mongolian government has taken measures to facilitate western investments, nevertheless the country is economically dependent on China, the basic trading partner, particularly where exports are concerned.In the late 1970s Hydromet Kowary Enterprise, Poland, took up, along with the Wroclaw University of Technology, research and technological study on lanthanides recovery from raw materials of Vietnamese and Mongolian origin and from Indian monazite sands (Kowalczyk, 1990; Kowalczyk & Mazanek, 1987; 1990). For that purpose, a rare earth processing plant had been constructed with the capacity of about 10 t/year of hydroxide concentrate. The facility included several technological operations like grinding, flotation, hydroxide concentrate production in the hydrometallurgical processing, particular RE separation, and production of commercial products in form of CeO2, La2O3, Nd2O3, Pr2O3, and misch metal. Additionally work had been carried out in Kowary on the manufacture of yttrium and europium oxides of high purity, which were intended for color TV picture tube production in Poland."

Jan 1, 2012

By Mahmood Alemrajabi, Ake Rasmuson, Kerstin Forsberg, Kivanc Korkmaz

"In the present study, the recovery of rare earth elements (REE) in the nitrophosphate process of fertilizer production is investigated. The apatite has been recovered from iron ore tailings by flotation. After digestion of apatite in concentrated nitric acid, Ca(NO3)2.4H2O is first separated by cooling crystallization and then the REEs are recovered by precipitation. Optimum conditions in these steps have been determined in a previous study. The precipitate mainly consists of CaHPO4.2H2O and REE phosphates.In the present study, selective dissolution and re-precipitation have been studied in order to obtain a precipitate that is more concentrated in REEs. The precipitate was selectively dissolved in nitric and phosphoric acid at different acidities (pH 6 to 0) with the liquid /solid ratio of 100 mL/g. It is shown that most of the CaHPO4.2H2O and other calcium containing compounds will be dissolved at pH 2 while the REE phosphates are not dissolved above a pH of approximately 2. Thus, by partial dissolution of the REE precipitate at pH 2.5 most of the solid calcium phosphates will be dissolved and the remaining solid phase, which is more concentrated in REEs, can be filtered off as a fairly concentrated REE solid mass and the liquor can be recycled back to recover more P nutrients. Alternatively, the REE enriched precipitate was dissolved completely in nitric acid and re-precipitated again by addition of ammonium hydroxide to pH 1.2. A chemical equilibrium software, MEDUSA (Puigdomenech, 2013) has been used to evaluate the experimental results and to estimate the optimum conditions for selectively dissolving the precipitate."

Jan 1, 2016

By N. Saracoglu, J. P. Golightly, R. H. Wallis, J. J. Brummer

"The McClean uranium deposits are located 11 km west northwest of the Rabbit Lake Mine. Their average grade is 1.8 % U3O8 , and they contain 6. 350 tonnes of uranium oxide in seven pods of variable grade and mineral assemblage. They are hosted by both basal Athabasca Group and the regolith developed on the underlying crystalline basement. The major mineral facies are: sulphide, arsenide, 'bleached', and hematite, with the important uranium minerals being coffinite, uraninite and pitchblende. Abundances of carbon and sulphur isotopes are consistent with their derivation from pyritic graphite in basement gneisses. Isotopes of oxygen and hydrogen suggest equilibration at temperatures of about 200°C. Ar39/ Ar40 age determination of illite associated with ore suggest mineralization began about 1300 m.y. ago and that significant alteration had ceased by about 1170 m.y. ago though Pb/ U data suggest the deposits continued to evolve into the Mesozoic.IntroductionThe McClean deposits lie on the eastern side of the Athabasca Basin of northern Saskatchewan where they are part of a cluster of uranium deposits lying west of Wollaston Lake (Fig. 1). The general stratigraphy is schematically portrayed in Figure 2 which emphasizes that mineralization is hosted by both the Athabasca Group and the underlying regolith and also that the deposits are preserved at depth and have not suffered from preand post-Pleistocene weathering and erosion. This circumstance, combined with their simple shape and the presence of seven separate zones of mineralization (pods) allows a description, based on over 450 fully cored drill holes, to be made of the wide variation in chemistry, grade, alteration patterns and position relative to the sub-Athabasca Group unconformity. Ar39 / Ar40 age determinations have been made of illites associated with regolith, Athabasca Group and mineralization and studies are in progress on C, S, 0 and H isotopes of mineralized material and host rocks. Only some of these data have been published; Brummer et al., (1981); Golightly et al., (1982); Bray et al., (1982); and Saracoglu et al., (1983). The only other published data on McClean geology are by Tremblay (1982, 1983)."

Jan 1, 1986

By R. D. Brown

The Federal Government's White Paper on Tax Reform received further major criticism in the reports of the Committees of the House of Commons and the Senate, which recently completed a lengthy review including public hearings of the government's proposals. These reports both criticized the emphasis placed by the White Paper on its concept of tax equity rather than on a system which would promote economic growth. However, the Finance Committee of the House of Commons was prepared to accept, with modifications, a number of the White Paper's key reform proposals. The Senate Finance Committee was more critical of the basic thrust of the tax reform program and recommended that a modification of the existing tax system would be more appropriate to Canada's needs. Both Committees re-commended a more favourable treatment of mining income than that originally proposed in the White Paper, and to some extent both Committees suggested proposals that were even more favourable to the industry than those set out in Finance Minister Benson's amended proposals made in August of this year. This article out-lines the principal recommendations and comments in the reports of both the House of Commons Committee and the Senate Finance Committee.

Jan 1, 1971

By R. A. D. Pattrick, D. A. Polya, D. J. Marsh, J. -J. Bao

"The utility of high-density stream sediment and stream water sampling to the exploration for silver deposits was investigated by the study of the epithermal Ag-Au base-metal prospect at Lagalochan in western Scotland. The geology of Lagalochan is dominated by a calc-alkaline Caledonian intrusive complex emplaced into Dalradian Supergroup rocks (Harris et al., 1988a). The complex consists of subvolcanic porphyrytic rocks associated with intense hydrothermal alteration and brecciation. Early Cu-Ag-Mo-rich mineralization is found in the core of the complex with later Pb-Zn-Ag-Au-As-Sb-rich mineralization toward the margins (op. cit.).Stream sediment sample analysis spatially resolved the Cu-rich and Ag-rich mineralization. Ag and Cu anomalies relative to local background values were found in all size fractions analyzed (-125µm, +125 µm, +180 µm, +250 µm) but the more pronounced anomalies were found in the -125 µm fraction. The coarser fractions generally revealed more erratic but longer dispersion trails. The separation of Cu-rich and Ag-rich mineralization is also apparent in the distribution of relatively high dissolved Cu and Ag in stream waters, particular when expressed relative to the solute load as Cu/TDS and Ag/TDS.The mineralization at Lagalochan is indicated by Ag, Cu and Pb stream sediment and water concentrations that are anomalous with respect to local backgrounds, but are difficult to distinguish from regional backgrounds. This emphasizes the further potential of high-density stream water sampling,in particular, as a viable geochemical exploration tool on a sub-regional scale for epithermal depositsin relatively unpolluted upland terranes."

Jan 1, 1995

By Trevor McGiddy

"Australia's prosperity relies significantly on income generated from exports of resources and agricultural products. In 1989-1990, coal was Australia's most valuable export commodity, contributing. A $5.7 billion or 14% of all export income.The abundance and quality of its coal resources and the proximity of Australia to the rapidly developing economies of Southeast Asia were significant factors that encouraged export-oriented growth and investment and will continue to do so. On the other hand, the 1980shighlighted the sensitivity of the industry to international changes in supply and demand, currency and socio-political forces.Following many years of disappointing returns for investors, mainly as a result of falling Australian dollar coal prices, resolve will be necessary to maintain competitiveness with resource-rich nations. In recent years, operators, unions and governments have begun to embark on a long overdue rationalization of domestic issues in a bid to increase productivity and reduce costs.The nature of mining operations is also changing; deeper surface mines and the growth of longwall mining will require the development of new technology and skills. Other challenges emerging from the international environmental debate will require that Australia responds appropriately to demands for cleaner fuels, energy efficiency and environmental responsibility.The future development of the Australian coal industry will therefore be influenced by its own ability to become more efficient and mature in the production of quality coal products and through rational international response to environmental questions."

Jan 1, 1992

By B. Rivard, D. Francis

A layered Archean magma chamber is exposed at the base of the Yasinski segment of the La Grande greenstone belt. This intrusive complex lies beneath a sequence of mafic volcanics and is underlain by granitoid basement which is crosscut by a swarm of gabbroic dykes. The gabbros of both this complex and the dyke swarm of gabbroic dykes. The gabbros of both this complex and the dyke swarm define a pronounced Fe-enrichment trend. The volcanic patterns of the La Grande and Eas tmain greens tone belts, however, define a series of iron depletion trends which originate in the iron enrichment trend of the gabbroic intrusives. These patterns suggest that the gabbros produced in the intrusive complex may serve as parental liquids for some of the lava suites of the James Bay greens tone belts.

Jan 1, 1984

By Si Qin

Unknown goafs and roadways of abandoned coalmines can be a great water inrush hazard for coalmine workers. Consequently, advance detection of such hazards is of great importance. By detonating seismic charges in underground coal seams, we can collect seismic data using a surface survey line, which is located across the ground projection of the underground shot point. This experiment was conducted in a coalmine in Shaanxi Province, China. After surface elevation compensation and travel time adjustments, we accurately determined the position of the goaf boundary along the survey line based on the wave velocity anomaly on the seismic record. Then we used a scattered wave imaging technique to enhance the energy of the scattered waves that are generated when the coal seam roof slide wave (refracted wave when the incident angle bigger than the critical angle) hits the roadway, thus confirming location of a geological discontinuity (roadway). This experiment shows that the coalmine ground seismic method, employing an underground explosive charge and a surface seismic array, has the ability to detect an abandoned roadway and goaf in advance of coal mining, thus can improve worker safety.

Aug 1, 2013

By B. H. Sadagah

"Construction of mountain roads at north westerly Saudi Arabia is a difficult task in rugged terrains, where the rock masses are steep slopes, and full of geomorphological constraints.Werka descent lies at the north west region of Saudi Arabia. The Werka descent, constructed four years ago harmed due to rainstorm. The rock masses are metabasalt and metaryolite tuff rocks. The road is eight m-wide, surround by unsupported sharp manmade slope cuts, reaches up to 15 to 40 m height on both sides. Failures took place at both sides of the road, and blocked it. The road of almost 2 km long subjected to all modes of slope instability such as rockfalls, manmade slope failures and debris flows in the absence of the remedial measures. The very precipitous 40 m-high rock slope-cut along the road has no benches, backed by a natural slope of almost 80 m height. Both types of slopes suffer from rockfalls and slope failure’s incidents, frequently took place mainly in rainy seasons. The steep manmade rock slope cut is less than 1 m close to the road, with no ditches, form a potentially source area for rockfall’s hazards.Intensive geotechnical study includes utilization of the RMR and GSI rock masses classifications indicates that the rocks are fair to poor quality. The DIPS, RocFall, Swedge, RocTopple, RocPlane computer program, in addition to GIS and DEM image utilized to perform modeling and deterministic analysis, in order to suggest the mitigation measures for the natural and manmade slope cuts and rockfalls. The seismic coefficients of 0.1 to 0.4 taken into consideration in modeling processes. Input parameters to model the rockfalls and slope failure’s characteristics were studied such as GSI, block size; seeder points, locations of fallen blocks; slope angle, restitution coefficients, and slope roughness. The programs modeled the proposed location, height and energy of the rockfall barriers, collectors, and rock bolts. Two manmade slope cuts studied and modeled utilizing the integrated techniques were to eliminate the risk of slope failures and rockfalls through the construction of remedial measures, this is the study objectives."

Jan 1, 2015

By C. E. Ells

Current knowledge of the behaviour of inert gases in metals is reviewed, with particular emphasis given to the phenomenon of the growth of gas-filled bubbles.

Jan 1, 1960

By Michael Samis

Conventional project valuation techniques, such as discounted cash flow (DCF) method, are more frequently being criticised for the manner in which they consider the interacting effects of uncertainty and project structure (including management flexibility) on project value. Modern asset pricing (MAP; often called ?real options valuation? when applied to the analysis of flexibility) is a more general valuation framework that corrects many of the shortcomings of common valuation methods. Previous mining applications of MAP have tended to treat the ore deposit as a homogenous entity. While useful for demonstration purposes, this is inadequate for practical application in industry. This paper presents a MAP valuation example that allows for the heterogeneous nature of an ore deposit. It shows that deposit structure may increase the complexity of the mine planner?s decision so that results of a standard DCF analysis, or a simple MAP analysis that ignores the details of deposit structure, are misleading. In the example, a management is considering the development of an adjacent low-grade zone while mining operations in a high-grade zone are ongoing. If the low-grade zone is developed before high-grade reserves are exhausted, the proposed development will include both low-grade zone development and a capacity expansion to handle additional low-grade reserve production. If development of these reserves is delayed until the high-grade reserves are depleted, then the low-grade reserves can be developed without a capacity expansion. A typical DCF analysis would reduce the management?s decision problem to three alternatives: 1) continue mining only in the highgrade reserves, 2) immediately develop the low-grade reserves and expand capacity, and 3) delay low-grade zone development until the high-grade reserves are exhausted. The model presented here allows the management to reconsider the development and capacity expansion decision on a discrete half-year basis. It delineates price regions, for given levels of high-grade zone reserves, in which it is optimal to develop the low-grade zone, defer low-grade zone development and abandon the mine irrevocably. The model presented here extends the ability of mine planners to describe actual project structure while using the MAP valuation framework that is already noted for its capacity to combine project uncertainty and risk insights with a dynamic project description.

May 1, 2001

By Chris G. Dobson

Introduction The Britannia mine is at Britannia Beach, on Howe sound, approximately thirty miles from Vancouver. The first claims were staked in 1898, and a local company was formed at that time to develop them. In 1904, Mr. Grant B. Schley became actively interested in the property and in the following year the Britannia Mining and Smelting Company, Limited, was incorporated to operate it. This Company was taken over a few years later by the Howe Sound Company, Limited. The mine comprises five more or less separate ore-bodies, which have produced approximately 20,000,000 tons of ore to date. The East Bluff ore-body, with which the present paper deals, is well suited to large-scale mining by means of carefully placed powder blasts. It covers approximately an acre and lies in the slate footwall, in a bay produced by a fault. The hanging-wall side, on the west, forms the face of the Bluff glory-hole, which extends to the 1,200 level. A portion of this ore was available for breaking into this old glory-hole, below which four bulldoze chambers could quickly be built. Mining of this block is complicated by a very soft footwall, which 'runs' badly when broken. In stoping, care is taken to guard against the hazard of dilution by deliberately leaving a small portion of ore on the footwall. Some of this will undoubtedly be lost, but it is hoped to recover a fair amount of it after the major drawing is completed. The deposit occurs in a greenstone which has been highly silicified following brecciation. The chief minerals are chalcopyrite, sphalerite, and pyrite. Concentrates of copper, zinc, and pyrite are made at the mill. The average grade of ore runs 0.7 per cent copper, 1.5 per cent zinc, and 0.03 oz. gold per ton. The rock, which is practically a chert, is extremely hard, but shatters well. Both in stoping and drifting, holes must be closely spaced and powder used generously. Development When development work started in the East Bluff, there were no raises and only one drift on each level in this section of the mine. After blocking out the ore by thorough diamond drilling, a production of two thousand tons per day was set as a goal. To obtain this tonnage from so small an area required a great deal of carefully planned and well timed development work.

Jan 1, 1935