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By W. Curlook, L. M. Pidgeon

THE PURPOSE of this investigation was to study part of the ternary system Co-Fe-S. Jensen ( 1) established the solubility limits of sulphur in pyrrhotite. The compound with 61.7 per cent Fe, corresponding to a formula Fe12S13, was found to melt congruently at l,192°C. Hulsmann and Weibke(2) determined the Co-S phase diagram from O to 35.2 per cent S. The solubility limits of sulphur in the com-pound Co(l-x)S were not determined. The initial object of the present in-vestigation was to determine the composition at which the compound Coci-xiS melted congruently. Once this was ascertained, it was decided to investigate the ternary system Co-Fe-S from the region of 100 per cent Co(1-x) S to the region of 100 per cent Fe12S13.

Jan 1, 1953

By Kathryn L. Neale, Derek L. Mulligan, Robin E. Goad, Norman A. Duke, A. Hamid Mumin, W. John Camier

"Abstract - The NICO and Sue-Dianne deposits are being explored and delineated by Fortune Minerals Limited in the Mazenod Lake District of the Northwest Territories, using an Olympic Dam model. The deposits were discovered in the south part of the Great Bear magmatic zone (GBMZ) within the Proterozoic, Bear Structural Province of the Canadian Shield. They are the only known significant Canadian examples of Proterozoic iron oxide-hosted polymetallic deposits. Worldwide, this class includes such deposits as Olympic Dam and Ernest Henry in Australia, Kiruna-Aitik in Sweden, and Salobo in Brazil. Their considerable size, up to 2 billion tonnes, and polymetallic ore assemblages make them highly attractive targets for exploration. Common characteristics of this class include their Early to Middle Proterozoic cratonic settings with extensional rifting evolving from collisional tectonics. Deposits typically occur along major structural lineaments within the aureoles of a distinctive suite of anorogenic potassium-rich "A-type" granite intrusions. Although hosted by diverse lithologies, deposits of this class are characterized by a number of other diagnostic regional- and deposit-scale features, which may be recognized in reconnaissance- and propertyscale geological and geophysical surveys.The southern GBMZ in Canada has several characteristics (age, tectonic setting, geology and geophysical attributes) similar to those of the Olympic Dam deposit and its other significant global analogues. Airborne and ground geophysical surveys carried out in the GBMZ identified coincident potassium, uranium, magnetic, resistivity, chargeability, and gravity anomalies centered over the NICO deposit. The nearby Sue-Dianne deposit is characterized by coincident uranium, potassium, magnetic, resistivity and chargeability anomalies. Both deposits occur within a regional, northweststriking, arcuate trend of volcanic and sedimentary rocks characterized by significant positive Bouguer-gravity and magnetic responses and are believed to represent a major basement discontinuity. The NICO anomalies are at the intersection of this regional trend with a major transverse fault through Lou Lake. Regional and local geophysical data indicate the presence of significant concentrations of iron oxide within a broad area of intense potassium metasomatism. Geological mapping identified cobalt, gold, bismuth, and copper mineralization in biotite-magnetite-amphibole-sulfiderich ironstone and schist. This mineralization is localized within altered wackes of the Snare Group, which are unconformably overlain by potassium feldspar- (±hematite ±magnetite) altered rhyolite of the Faber Group. The Sue-Dianne deposit is a hematite-magnetite-Fe-silicate-cemented diatreme complex enriched in copper, silver, gold, and uranium within a broad zone of potassium, iron, quartz, and epidote metasomatism. The diatreme is located at the intersection of two major faults at the north end of the basement discontinuity and is hosted in rhyodacite ignimbrite marginal to the Faber Lake rapakivi-granite pluton. At both deposits, diatreme- and maar-facies iron oxide-cemented breccia straddle the regional metasedimentary-volcanic unconformity, suggesting that mineralization formed in a near-surface environment synchronous with the onset of volcanism."

Jan 1, 2000

By Jas. E. Thomson

"The Kirkland Lake-Larder Lake gold area is in northeastern Ontario and is a continuation of the ore-bearing belt that extends across northwestern Quebec through the Rouyn, Cadillac, Malartic, and Bourlamaque areas. It is the oldest mining camp along this famous mineral belt. Gold discoveries were first made at Larder Lake and Swastika in 1906, but it was not until 1913 that important developments at Kirkland Lake created a real interest in the country. Total gold production of the camp passed the million dollar a year mark in 1920 and increased in amount yearly until the advent of the second World War when there was a falling off due to labour shortage. The Kirkland-Larder camp ranks as the second largest gold producing area ' in Ontario. To the end of 1944, twenty-two mines in the area had produced bullion valued at $515,631,428 and ten mines had distributed dividends amounting to $205,981,116. The average grade of the ore milled in this period has been $15.17 a ton for the mines in the Kirkland Lake area and $6.49 a ton for the mines at Larder Lake.ROCK FORMATIONS OF THE AREAIn a general way the rocks of the country may be divided into the lithological groups indicated on the accompanying geological sketch map. This map has been compiled largely from recently issued geological sheets of the Geological Branch of the Ontario Department of Minest. Owing to the present difficulty of separating the formations of the Larder Lake country into the twofold age divisions of Keewatin and Timiskaming, the usual custom in the past, a lithological grouping of formations has been adopted. The age terms 'Keewatin and 'Timiskaming' are loosely used in this article to express the often used but not necessarily accurate distinction between the main groups of older strata."

Jan 1, 1954

By Jacek Paraszczak

Application of teleoperated and automated mobile equipment in underground metal mines represents a promising avenue to overcome some of the challenges facing the industry. This paper addresses the issues of overall effectiveness of the autonomous loading and haulage equipment in comparison with conventional man-operated machines. It overviews and discusses the factors affecting availability, utilization and production rate. It puts an emphasis on some problems and risks not present in conventional man-operated systems, as well as their character and criticality. It stresses the need to analyze the factors affecting OEE of the autonomous equipment more in-depth than it has been done up to date and to take them into consideration at the stage of feasibility studies. The paper concludes with some recommendations and indicates the directions of the future research in this field.

Oct 1, 2009

By S. Simukanga, J. Masinja, P. A. Bepswa, A. N. Mwale

Screening is an important operation in dry and wet closed circuit mineral processing applications. Most of the operations have seen the benefits of using fine wet screens in primary grinding sections where the product is relatively coarse, and screens can handle the tonnage. Although many models are available, most of them are confined to dry and wet coarse screening applications. Most models do not give good predictions for wet fine screening. To facilitate model development, pilot plant tests were performed using a single deck Derrick Screen at aperture sizes of 45µm, 75µm, 106µm, and 150µm. Experimental data for a range of feed solids concentrations and flowrates was collected and used to calibrate the performance of the screen under the different operating conditions. The results showed that the performance of the screen deteriorated with an increase in feed solids concentration, and, similarly with an increasing feed flow rate. The percentage of fines carryover also increased with the reduction aperture size. The carryover was even more pronounced at higher feed rates and solids concentrations. A model was developed for predicting the performance of fine wet screening. Data from the test work was used to compare the actual and predicted results, and to calibrate the model. Additional independent data was used to validate the model and assess its limitations. This model will give an expected screen performance based on the initial feed conditions. It incorporates screen design parameters that allow for an estimation of a suitable screen size for a desired performance based on given feed conditions. This paper discusses; the results from the test work performed, the model development and its limitations.

Jan 1, 2016

By Ji Wang

Reflective in-seam wave detection has the advantages of a far detection range and wide applicability. It has been successfully used in detection of many abnormal geological structures in work-faces, such as faults and collapse columns. However, a reflective in-seam wave is a dispersion wave. It has weak energy and is always covered by the direct in-seam wave. In the past, underground seismic explorations were not able to image the opposite roadway using reflective in-seam waves. To solve this problem, we propose a new method of reflective in-seam wave imaging based on adaptive dispersion filtering. This method processes the reflective in-seam wave using a filter with the parameter of transmission distance. The degree of similarity of the filtered and the explosion signal is used to estimate the transmission distance and image the reflective objects. We test and verify this method using real underground seismic data. This research is helpful for the detection of coal mine goafs and abandoned roadways in work-faces or in front of tunneling ends.

Aug 1, 2013

By S. Gregory

Many gold treatment plants have sulphides and coarse particle gangue components that contain gold in their tailings (cyanide leach residues and flotation tailings). Coarse and very fine liberated gold may also be present in some tailings streams. Two issues usually govern the economics of recovering additional gold from gold occluded in sulphide and gangue particles. The liberation characteristics of the gold in the sulphide and coarse gangue (gold liberation versus grind size) is the first and most important of the two. If fine grinding can liberate a reasonable amount of the gold, then the next important issue is how effectively these two constituents can be concentrated. Flotation will achieve high sulphide recovery but is usually costly. Selectivity is also an issue because of entrainment. Continuous centrifugal gravity concentration offers a viable solution to the recovery of both sulphides and coarse gangue however selectivity is also likely to be a problem. The possibility of improving concentrate grade by using a Falcon B separator was investigated. This paper describes a program of test work carried out on a gold leach tailings using a laboratory Falcon '13' separator. The program involved three different bowl angles: 10, 12 and 14 degrees and two bowl speeds (giving 250 and 350G accelerations). A number of tests were also performed on samples that had free gold present to ascertain the size-by-size recovery of gold in these samples.

Jan 1, 2005

By Descarreaux. Jean

"The Abitibi volcanic belt was sampled along a cross section extending from Matagami to a point east of Rouyn. A few samples were also collected in Louvicourt township, Quebec. The major elements were determined for 344 samples, and rock names were defined using normative minerals. The analytical data were studied by means of variation diagrams. The Abitibi volcanic belt is characterized by rocks belonging to both the tholeiitic and calc-alkaline magmatic series, but they show some differences as compared to some typical reference series, particularly those from Japan. Basalt is the predominant rock type and accounts for 44 per cent of the sampled outcrops. The volcanic rocks are relatively poor in K2O and TiO2. Regionally, the volcanogenic copper-zinc mineralization is associated with the calc-alkaline volcanic sequences. Locally, within such sequences, some types of abnormal deviations from the averages are recognized only in association with the copper-zinc mineralization. The anomalies are ascribed to hydrothermal alteration consisting of the introduction of MgO and removal of N a20; enrichment in K20 is also observed where zinc mineralization predominates. Examples of such anomalous zones show that, in places, this alteration phenomenon can be quite extensive. Petrochemical characteristics can be used as geochemical ore guides in exploration programs."

Jan 1, 1973

By H. C. Counsell, R. Webber

"The mill at Denison Mines' Elliot Lake Operations started up in 1957, with a capacity of 6,000 tons per day. Over the years various plant modifications expanded th.is to 7 500 tons per day. In 1976, management decided to carry out a major expansion of the milling capacity, and during 1980 the grinding capacity was increased to 15,000 tons per day.The original comminution system consisted of a conventional crushing plant feeding minus S/s-inch material to rod and pebble mills, in closed circuit with mechanical classifiers. The key decision that had to be made was whether the expansion should include conventional or autogenous grinding flow sheets.During 1977, extensive pilot plant studies at Lakefield Research showed that two-stage semi-autogenous grinding, with some steel media in the primary mill and with pebble media in the second stage, produced stable grinding conditions. This type of circuit was selected by Denison for the expansion, and went into production in 1980. Primary millThe flow sheet of the semi-autogenous grinding circuit is shown in Figure 1. The primary grinding mill is a Koppers 28 foot by 10 foot mill, driven by a 4,000 h.p. synchronous motor. It is fed with a minus 8-inch run-of-mine ore, and 4-inch grinding balls are added as supplementary grinding media. There are two Koppers 15.5 foot by 22 foot secondary pebble mills, driven with 1500 h.p. synchronous motors. Each grinding stage operates in closed circuit with cyclones, and the primary cyclone overflow is the feed to the secondary mills. The circulating load in the primary stage can be controlled by adjusting the cyclone apexes."

Jan 1, 1984

By H. W. Smith, D. Guerin

"This paper describes the development of a dynamic model for a full- scale (64 tonnes/hr) grinding circuit consisting of an open-circuit rod mill feeding a ball mill operating in closed circuit. The object of constructing such a model is to investigate the static and dynamic behaviour of potential control schemes. Model selection, data processing and parameter estimation are discussed, and static and dynamic results of simulations are presented. Conclusions are drawn with regard to the adequacy of the model for such studies, and likely limitations on control of such circuits.IntroductionThe model developed here is intended to represent the grinding behaviour of the grinding circuit at the Lake Dufault division of Falconbridge Copper Mines Ltd. This circuit has been fully described elsewhere. At the time of the work described, the ball mill discharge was fed to a four-cell flotation bank , the tailings of which are combined with the rod mill discharge in the cyclone feed pump sump. As the emphasis in this study is on grinding behaviour, and as only I per cent of cyclone feed material is removed in these cells, no attempt has been made to include flotation behaviour in the simulation. One effect of the presence of flotation cells in the grinding circuit is, however, to necessitate somewhat finer grinding than might otherwise be needed: this will have effects on mill parameters.The paper is organized as follows. First the selection of models is discussed, paying particular attention to the problem of selecting simple, yet adequate, flow models for the mills. Then data gathering is described. The method of deriving mill model parameters is explained, and the results presented. Mass balancing of cyclone data and the determination of cyclone model parameters are described. The linking of the models into a full simulation is outlined, and sta tic and dynamic results presented. Finally, the results are discussed and conclusions drawn ."

Jan 1, 1980

By J. G. Whellock, R. J. Phillips, J. W. Matousek, P. J. Marcantonio

"Stillwater Mining Company (SMC), a partnership of Chevron Resources and Manville Corporation, produces a copper-nickel, platinum-palladium flotation concentrate at its Nye, Montana mine. The concentrate is then toll processed in Europe. Recognizing the economic advantage of treating the concentrates at the mine site and of retaining this strategic resource in the United States, the Company commissioned Tolltreck International Limited and International Process Research Corporation to conduct pilot scale smelting tests with a flowsheet that would maximize metal recoveries while satisfying the environmental requirements of operations at Stillwater.Primary smelting was conducted in a single phase, 50 k W, submerged-arc, electric furnace. Refining the product mattes to copper-nickel ""white-metal""; containing approximately 2% iron, was accomplished in a Tolltreck, IV-litre, top blown rotary converter. Over-all platinum and palladium recoveries were approximately 99%; copper and nickel recoveries averaged 94%. INTRODUCTION(l-4)Stillwater Mining Company (SMC) a partnership of Chevron Resources and Manville, operates a copper-nickel, platinum palladium mine and concentrator at Nye, Montana, located in the valley of the Stillwater River, approximately, 100 km southwest of Billings. It is North America's only primary producer of these precious metals. The Stillwater area was mined for chrome ore during World War U and the Korean War, but it was not until 1961 that attention was drawn to the similarities between the Stillwater Complex and the Bushveld Complex of South Africa with its deposits of platinum group metals.A concentrated search for platinum was begun by Manville Corporation in 1967. Its presence, together with palladium, in mineable quantities was confirmed in the period 1976-1978, and the first partnership to develop the deposits was formed by Manville and Chevron in 1979. Anaconda joined the group in 1983, and in 1985 its share was purchased by Lac Minerals. In 1988 the interests of Lac Minerals were purchased by Chevron and Manville.The decision to develop the mine and build a concentrator was made in 1986. Construction began in the fall of that year, and the first concentrate was produced six months later, in March 1987. Underground mining is done in a two-shift, five day- week operation. Since startup, the concentrator has operated on a 24 hour/day, 7 day/week schedule, treating an average of 635 tonnes of ore per day and producing approximately 10 tonnes of concentrate."

Jan 1, 1989

By A. R. Sorta, D. C. Sego

ABSTRACT Temperature, solute, texture, and thixotropic effects on time domain reflectometry (TDR) measurements of water content in oil sands tailings are investigated. Results indicate that TDR water content measurements are influenced by temperature, residual bitumen, and percent clay in the tailings. A correction of 0.03–0.10/ °C must be applied to the apparent dielectric constant (Ka) to account for the effect of temperature. The Ka-volumetric water content relationships of slurries differ significantly from the commonly used Topp calibration equation. The age of the tailings and the addition of phosphogypsum did not influence TDR water content measurements.

Jan 1, 2013

By Q. G. Reynolds, R. T. Jones

"Residence time distributions are well defined for batch and continuously stirred reactors. However, there exist many smelting furnaces that do not fit either of these classifications. A mathematical description is presented for the case of a furnace that is fed continuously, but where the liquid slag and metallic products are tapped intermittently. The effects of slag and metal tapping intervals and the fraction of liquid retained in the furnace, are shown to have a significant effect on the residence time distribution.INTRODUCTIONThere are some processes in which the time spent by the feed material in a smelting furnace plays a significant role in determining the extent of the reactions between metal and slag and influences the degree of settling of metal droplets from a molten slag.Residence time distributions are well defined for batch and continuously stirred reactors. However, there exist many smelting furnaces that do not fit either of these classifications. Here we will focus on producing a mathematical description for the case of a furnace that is fed continuously, but where the liquid slag and metallic products are tapped intermittently. The effects of slag and metal tapping intervals and the fraction of liquid retained in the furnace, are studied.Previous work (Jones, la Grange and Assis, 1997) has studied the effect of retention time on the degree of cobalt recovery achieved in a slag reduction process. In that work, a method was proposed for the calculation of the mean residence time of the contents of a pilot-plant furnace. That approach is to be extended here for the purposes of providing a more general design or scale-up tool.The maximum allowable depth of molten material in a given furnace is affected by such factors as the desired batch size (or the size of the ladles) and the pressure of the molten material that the tap-hole and surrounding system can withstand. Within these constraints, there might be some scope for choice of taphole position. The effects of this choice need to be understood mathematically."

Jan 1, 2012

By D. A. Trotter, G. J. Goddard

"This paper describes a method of deciding on various design parameters for a sublevel caving layout. Layout design curves are obtained from the output of a computer optimization program. The program uses mathematical relationships derived from the theory of gravity flow of material to optimize the large number of interdependent design variables which are involved.IntroductionIn the design of an efficient sublevel caving mining system, a large number of interrelated variables need to be considered. Although many papers discuss individual variables, very little exists in the literature to show how these variables interact to achieve optimum results. This can lead to trial and error in sublevel caving design, which can prove costly, particularly because sublevel caving is a mining method which requires integration with sublevels above and below. With no pillars being left, experimental stopes cannot be isolated for study. Unfortunately, the complexity of layout design and the costs associated with trial and error have caused many planning engineers to choose more tried and tested mining methods.Sublevel caving works best to extract low-value ore surrounded by incompetent rock. All phases of the mining method can be highly mechanized, allowing low operating costs and high production rates. Good safety records are achieved, as workers are always in 'good' ground and the method is regular, making it comparable to an industrial process."

Jan 1, 1981

By L. M. Scovell

The Internet and its related technologies will radically change the way that mines manage and control their maintenance, repair, and operating supply chains. The Internet is creating new distribution channels and offers new technology platforms with significant advantages over more traditional methods. Mines will have to re-evaluate both the strategies and the tactics employed in these areas. Mines will use e-commerce to integrate their maintenance, repair, and operating supply chains. The integration will extend beyond traditional trading partners to a worldwide network of communities with similar interests and goals. The changes will transform the way mines operate, lower mining costs, and thereby increase their chances of success in an increasingly competitive environment.

Jan 1, 2000

By M. E. Hurst

Introduction Between 1903 and 1905, W. Mclnnis, of the Geological Survey of Canada, made a micrometer traverse of the Kawinogans (Crow) river from Kapkichegimaga lake to its junction with the Otoskwin river. He reported that a belt of Keewatin rocks, 1 to 4 miles wide, was exposed along the course of the river for 17 miles east of Kapkichegimaga lake. Prospectors and exploration companies paid little attention to the mineral possibilities of this belt until the summer of 1928 when, with the adoption of airplane transportation, the area became readily accessible. Within a short time widespread interest was aroused by the announcement of attractive finds, and a mild rush followed. During the winter months, hundreds of claims were staked on either side of Crow river for 12 miles east of Pickle lake. In the summer of 1929, much of this ground was systematically explored and a considerable amount of development work was done on the known deposits.

Jan 1, 1930

By F. Pinto, C. A. Prato, R. J. Rocca, P. F. J. Huerta Soaje

"The seismic hazard for civil engineering structures is generally defined in terms of deterministic or probabilistic acceleration response spectra at an equivalent rock outcropping. The design of tunnels, however, requires the definition of demands in terms of accelerations at ground surface (near the portals) and in terms of both accelerations and velocities at different depths within the alignment. The design near the portals is controlled by inertial effects and is often times impacted by the possibility of slope instability and rockfall, whereas the design at deep sections is controlled by kinematic effects. These effects are accounted for in practice by introducing deformation patterns in the structure that are related to an assumed wavefield, often times ignoring the effect of the structural stiffness in the response. This paper presents a study regarding the definition of seismic demands for different sections of 14-km long tunnel in the Andes (Argentina-Chile), with a maximum overburden of 1750 m in a seismically active region. The tunnel will pass through volcanic massifs mainly composed by andesites and rhyolites.The study includes the definition of spectrum-compatible seismograms, deconvolution, and definition of accelerations and peak particle velocities for different overburden conditions. A kinematic interaction study for a 500-m tall ventilation chimney shaft is also described, where a simple formulation for the interaction analysis is considered in order to more accurately evaluate shear and bending demands. INTRODUCTIONThe seismic design of linear underground structures, such as shafts and tunnels, generally considers the inertial forces near the shallow sectors (e.g., portals) and the kinematically imposed deformations for the deep sections (e.g., Hashash et al. 2001). The inertial forces are often times evaluated on the basis of design spectra recommended by seismic hazard studies. The kinematic demands for the deeper sections, however, needs to be defined in terms of additional information which is not always indicated by the seismic hazard studies, e.g.; peak particle velocities and accelerations, and their variation with depth. These parameters can be determined by means of a site response analysis, whereby outcrop motions can be deconvoluted in order to evaluate motions inside the ground mass (e.g., Schnabel et al., 1972). Hashash et al. (2001) defines factors that may be used in order to account for attenuation of motions inside the ground mass. However, these factors are provided for depths up to 30 m only, whereas depths of tunnels structures can range up to thousands of meters."

Jan 1, 2015

By Rick Steen, Weldon Read, Morrism Tracy T.

Edging for starter sheet blanks used in conventional copper refineries has always been problematic for getting the edging to seal and adhere to the titanium material used for the blank so that copper is prevented from plating under the edging and cause undo problems in getting the copper sheets to separate from the blanks. A method was developed at the Amarillo Copper Refinery utilizing an injection molding process that better adheres the edging material to the titanium that makes the harvesting of starter sheets much easier to the point that robots are now used to strip with and which holds up very well to the unforgiving physical nature of the electroplating process. It is believed that this technology could be successfully utilized for permanent cathodes as well. INTRODUCTION ASARCO LLC (Asarco) was organized in 1899 as the American Smelting and Refining Company. Originally a consolidation of several lead-silver smelting companies, it evolved over the years into an integrated producer of primary non-ferrous metals, including copper, lead and zinc and associated co- products (Marcosson, 1949). Grupo México, S.A.B. de C.V acquired Asarco in 1999. Today, Asarco is a vertically integrated producer of primary refined copper and associated co-products such as gold, silver, molybdenum, selenium and tellurium. Asarco operates three open-pit mines and mills and two solvent extraction-electrowinning (SX-EW) plants all in Arizona plus a copper smelter in Arizona and a copper refinery in Texas. Figure 1 illustrates how the copper metal comes out of the ground at the mine and ends up as a refined product at the refinery. The copper refinery in Texas is known as the Amarillo Copper Refinery (ACR) and is located in Amarillo, Texas. It was built in 1975 to replace 3 other aging refineries and was designed to produce 550,000 tons (500,000 MT) of refined copper per year using conventional starter sheet technology. At the time it was commissioned it was the largest tankhouse in the world at just under 1/2 miles long under one roof.

Jan 1, 2019

By Emmanuel Henry

Few industries are more challenged by technical, political and market uncertainty than the mineral industry. Technical uncertainty in mining projects concerns the volume and quality of the resource, the processing and metallurgical parameters, the production efficiency, etc. Political uncertainty can take diverse forms and includes possibilities of change in the taxation system, risk of expropriation and risk of social instability or war. Market uncertainty depends on the market structure of the commodity; price and demand volatilities are the most common sources of market uncertainty. Intensive feasibility studies including these uncertainties and risks are required before investing up to billions of dollars in the development of a new mine. Current feasibility studies are often based on a single (or very few) mean geological scenario and simplified price profiles along the life of the project. Yet, strategic decisions, for example, the level of investment in exploration and metallurgical studies, adoption of a flexible, but more costly, mine design and risk-sharing strategies are made at an early stage. Over the last twenty years, Real Option theory has emerged as a unifying framework enabling strategic planning under uncertainty (technical, political and market). Geological and market variances (second order statistics) are pivotal for proper uncertainty quantification. The present study explores the possible benefits of combining modern geostatistical tools and financial techniques for project management. More precisely, the following questions are examined: Is geological uncertainty really an issue? Can we combine geological and price uncertainties in a unifying Real Option framework? A simple example aimed at illustrating the concepts involved is presented.

May 1, 2003

By J. R. Yates, R. J. Young, G. E. Forward, J. B. Farrell, R. J. Milbourne

"Sustainable development in the mining and metallurgical industrial sectors can be implemented by two distinct groups: the managers and operators of existing facilities, working with industrial processes and systems that have been operating for many years, in some cases, several decades; and those who are engineering and building new facilities or upgrades of existing plants.The focus of this paper is to look at approaches and tools available to bring sustainable development thinking and action to these two distinct areas. The paper will discuss the concept of working with existing facilities and processes to minimize waste and maximize product from a regional raw material/resource consumption perspective using by-product synergy. The BPS concept has been carried out in Texas (e.g., TXI-Chaparral’s STAR), in Calgary, Alberta, with Suncor assistance, in Montreal, Quebec, with Noranda as project leader, and currently in Ontario with Dofasco as industry champion. Successful outcomes are presented. The paper will also discuss a new approach to designing greenfield facilities or upgrades to existing plants using a sustainable development review process. Undertaking the review early in every project can institutionalize the concept of discussing and implementing waste elimination, design for environment, ecoefficiency, risk minimization and community awareness and involvement in the future capital stock. The review process has been developed as an excellent tool for measuring and reporting on a corporation’s sustainable development progress. Examples of how this approach has been adopted in the mining and metallurgical industry, and the resultant outcomes are given."

Jan 1, 2003