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By Jeremy D. Glennon

A number of exciting challenges, opportunities and unanswered questions remain concerning the chemistry, geochemistry, medical, industrial and analytical applications of gold and its compounds.1 Among the challenges presented is the need for extraction methods for gold, at process and indeed analytical scales, that avoid the use of organic solvents or hazardous reagents. Extensive environmental contamination has occurred in the Brazilian Amazon from the mercury-gold amalgamation process. Major problems with the cyanidation process are the relatively slow dissolution kinetics and the health and environmental problems associated with it. With innovation and technical changes, a cleaner way for solubilising and extracting this versatile precious metal can be found. This cleaner future may lie in supercritical fluid science. Interestingly, geochemical studies of gold solubility and speciation in hydrothermal solutions have highlighted the importance of supercritical conditions and sulphur species in the deposition of gold in natural environments. Gold solubility in supercritical brines is far higher than previously supposed while interest in the high content of carbon dioxide in the mineralizing fluids is growing. 2,3 In recent years, also, there has been a tremendous amount of attention paid in analytical chemistry and in industry, to the area of supercritical fluid extraction (SFE) of organic and metallic species. 4 This interest has been fuelled by the introduction of more stringent environmental control and the subsequent need for cleaner solvents and processes to replace established ones. Carbon dioxide is the substance of choice for SFE because of its moderate critical parameters (Tc = 31oC, Pc = 73atm), inertness and availability in pure form. It is an excellent extraction medium for non-polar and moderately polar species, and with careful ligand design, it can be used for analytical and process scale metal extraction from solution and solid phases. In general, the dissolution of a metal in supercritical CO2 (sc-CO2) requires that the charge on the metal ion be neutralised on complexation by the ligand or through a form of ion pairing (analogous to the situation where metal ions are extracted into organic solvents, such as methyl isobutyl ketone or toluene). In this way, then, many chelating agents such as dithiocarbamates and hydroxamic acids have been utilised to extract metal ions such as Cu and Fe into sc- CO2, the process greatly enhanced by the use of fluorinated ligand derivatives. 5-7 In this review paper, we show that supercritical conditions and complexation with sulphur donor atoms, important in the natural deposition of gold, can form the basis of a clean, eco-friendly chemistry for gold extraction. Analytical scale extractions of gold from a variety of matrices can be conveniently used to assess the efficiency of any new proposed ligand.

Oct 1, 2003

By Muhammad Usman Siddiqui

Managing and analysing the vast amounts of data collected in a mining project effectively is crucial for enhancing the project's economic feasibility. The efficient utilization of this data is critical to minimising the time spent on projects and increasing project value. Process engineers can effectively integrate geometallurgical data into plant operations by employing analytical tools like Python, significantly optimizing the mine-to-mill process. This practical approach is a game-changer in the mining industry. Classifying a geomet dataset into units of similar characteristics (properties of the ore) is an important outcome of a geomet study. This approach simplifies data classification, allowing for class-by-class process modelling, which improves the decision-making process in mine planning and development. Classifying a geomet dataset involves using grade, lithology, and test work data (if available) to create blocks of similar characteristics, known as ‘geomet units.’ Compared to conventional methodologies, these units provide context and empirical evidence that can be more accurately mapped onto block-by-block process flowsheet development and net present value (NPV) estimation. This robust classification method reduces a project's technical risks and influences the initial mine planning sequence to maximise profitability. Defining robust geomet units with data sets with similar material is challenging due to the vast amounts of data available and the database's high heterogeneity. The methodology's purpose is to minimise time-consuming low-value-adding aspects of geometallurgy. The approach is different for a greenfield and a brownfield study, as all the valuable data in a brownfield process can be utilised to define the geomet units. Python has various libraries providing multiple machine-learning algorithms to assist in classification. The k-means algorithm is used for clustering, and the SHapley Additive exPlanations (SHAP) method is used to quantify the effect of each feature on the clustering results. However, even with automation, the methodology still requires a keen eye to account for the nuances that appear from project to project.

Oct 1, 2024

By Matthew A. Baumann

Tooth-wear on mining shovels requires continuous monitoring. Worn teeth impede excavation performance, increase energy usage, and increase the risk of lost or broken teeth and adapters. A machine-vision-based automated tooth-wear monitoring system is presented. The system employs a rugged boom or stick-mounted camera to capture images of the shovel teeth. An onboard computer processes the images in real-time to determine the length of each tooth. The current wear state is available via a network-accessible log for on-demand status updates. By continuously recording tooth length changes over time, the logs can be used to estimate wear rates and patterns, permitting comparisons between different G.E.T. configurations, operator behaviour patterns, or material types. This detailed, quantitative data permits site-specific optimizations to wear packages and maintenance scheduling. Automating wear monitoring offers the crucial wear information necessary to minimize maintenance costs and reduce unscheduled downtime. A 37-day field trial in a copper-gold mine demonstrated the ability of the system to measure tooth lengths, compute wear rates, and detect differences in tooth wear based on their position on the bucket.

Nov 1, 2011

By Morris Wong

"An antimony-bearing gold ore was studied in a cyanide slurry containing 7 -20 ppm dissolved oxygen. 1 g/L NaCN at pH 9.5 and 48 hours retention time is required to extract 94 % of the gold from the 90 % minus 200 mesh ore by conventional cyanidation at a 7 ppm O2. As oxygen concentration was increased to 20 ppm, the conditions required to extract the same amount of gold were: 0.25 g/L NaCN, 16 hours retention time and 80% minus 200 mesh. Compared to conventional cyanidation, oxygen-enriched leaching was shown to reduce retention time by three times and cyanide consumption by four times. The kinetics of gold dissolution related to the dissolved oxygen concentration in slurry was expressed by following equation:XAu = 100 * (Kt + I0) / (1 + Kt + I0)where XAu is the percentage gold extraction; t is the retention time; K and Io are the slope and the intercept of the plot of XAu I (100 -XAu) vs. t respectively. The values of Kand Io depend upon the concentrations of cyanide and oxygen, the fineness of grind and the origin of ore sample etc.. A preliminary cost analysis was also performed to justify the use of oxygenating slurries.IntroductionGeneral:It was proposed almost 149 years ago (Elsner 1846) that oxygen is required for the dissolution of gold in cyanide solution. However, little attention were paid to oxygen application in the gold milling industry during the following one hundred years. Due to the constraints of gold price, reagent costs, refractory ores, and environmental issues in the past decade, the oxygen enhancement in the cyanidation process was introduced to the gold milling industry for increasing operation efficiency, reducing production costs, and meeting the requirement of environmental standard.The advantages of oxygen-enriched cyanidation have been reviewed by several investigators (Hague 1992, Jara et al 1992, Henderson 1989, Loroesch et al 1988, Elmore 1987, Cathro 1963). Common to all conclusions are the following advantages."

Jan 1, 1995

By D. MacGREGOR, VERA TUREK

The St. Canul and Ste. Scholastique orthoquartzite sanrjstone deposits are located within the Potsdam Formation near Montreal. The sandstone lies on Precambrian basement and is Cam/3rian to Ordovician in age. The Potsdam Formation shows two distinct stages of development. One created a deepwater facies represented by impure, limey or shaley sandstone; the other produced a shallow facies composed of grey, highpurity sandstone. The shallow-water orthoquartzitic sandstone at St. Canul is being mined and beneficiated by lndusmin Limited. The operation manufactures a wide range of silica products and supplies industrial areas of Quebec and Ontario with material for the glass, foundry, silicon carbide and ceramic industries.

Jan 1, 1984

By Rob Scott

Making a difference with Zinc & Health Two billion people do not get enough zinc in their diets. Every year 450,000 children die from complications arising from zinc deficiency Our Zinc Alliance For Child Health partnership with CIDA and Micronutrient Initiative, our involvement with UNICEF through the IZA and our partnership with BASF are gaining wide recognition. Sustainability at Teck ? Integrating into our Core Business Strategy Our strategy Long term goals Our approach Managing risks and finding opportunities Our progress Early reports Moving Forward Metrics and indicators

May 1, 2013

By Y. Hanada

Electrorefining at higher current density is desirable due to the increase in productivity attained without expanding the plant size. However, increasing the current density in common commercial practice causes problems such as anode passivation, dendritic deposition, cathode impurities and energy consumption. In general, agitation of the electrolyte is effective in suppressing these problems. To apply the agitation to commercial practice effectively, the method of agitation is important. One possible method is agitation by gas injection. In this study, fluid motion characteristics with gas injection between electrodes were investigated using a water model. Flow patterns were observed and fluid velocity was measured using a particle tracking method. It was found that the time-averaged velocity near the electrode walls was of the order of 0.1 m/s in the conditions. The flow was highly turbulent. The turbulent component of velocity was the same order as the time-averaged velocity. The mass transfer coefficient between the wall and fluid doubled when the effect of turbulent intensity was taken into account. The effects of gas injection on the electrolysis behaviour at high current density were discussed in terms of the mass transfer. It is suggested that gas injection could suppress the problems at high current density.

Jan 1, 2007

Abstract: ?The paper will review the perspective of Scotia Capital on financing mines, mining projects and mining companies in today's world of major increases in commodity prices, increases in capital and operating costs, shifts in foreign exchange rates, and increasing scrutiny of mining's social license ?Focus on debt financing alternatives Key Assumptions: ?Assume financing a mining asset (i.e. not an exploration play) ?Exploration is generally financed with equity ?private placements or public offerings on an idea

May 1, 2006

?General Facts:Barrick?sFirst Mine in Peru Production started in November 1998 ?The Facilities:Open Pit, Primary and Secondary Crusher Valley Fill Heap Leach PadMerrill Crowe PlantRefinery Environmental Facts: High Rainfall - Average Annual Precipitation of 1,200 mm (47 inches) Rainfall Events: Common 20mm daily events High Altitude Site - Elevations range from 3900 to 4250m. Steep topography - Terrain ranges from 3:1 slopes up to cliffs. Water Issues: Sediment Control - Open Pit PAG Encapsulation - Waste Dump Stormwater control - Leach Pad Erosion Control Techniques ? Offsite impacts mitigation Social Issues: 11 communities surrounding the property Town of Huaraz

May 1, 2003

By L. Tang

A seismic monitoring system was installed in 2005 at Dongguashan Copper Mine, the deepest metal mine in China. Based on the seismic events monitored in situ, the possibility of rockburst prediction and prevention is investigated in this paper. The characteristics of space-timeintensity of mining-induced seismicity and the seismic response to mining are studied in detail using the seismic data in Dongguashan Mine. A conceptual model and a criterion of assessment of hazard seismic nucleation are proposed for Dongguashan Mine. In this model, the mine seismic stiffness method is adopted for rockburst prediction within the framework of the unstable failure theory. To analyze rock failure cases in Donggauashan Mine, the rate of the ratio of stiffness of rock in nucleation area to its surrounding area is proposed as a criterion for rockburst prediction.

May 1, 2009

By Baseer Abdul, Edouard Asselin

Hydrometallurgical leaching of sulfide concentrates of copper and nickel at medium temperature (150°C) produces residues that contain sulfur and iron bearing minerals and phases. During leaching, and depending on various process parameters, iron may be precipitated as hematite, goethite, jarosite or other oxyhydroxides, which may be more or less crystalline. Hematite is the favored precipitate because it is the most environmentally stable and does not ad/absorb as much copper, nickel or other solution constituents during precipitation. However, the low solubility of iron during the medium temperature processing of sulfide ores can favour the formation of poorly crystalline, nano-scale iron oxide/oxyhydroxide phases. In some cases these phases have been positively identified as the metastable ferrihydrite, which transforms into iron oxides such as goethite, hematite and magnetite over time. A better understanding of what may help drive this transformation during leaching would ultimately result in lower valuable metal losses and more stable leach residues. Higher acid concentrations result in increased copper extractions and favor the formation of hematite during concentrate leaching, rather than other metastable phases. Furthermore, commercially available water displacement formula “WD40®” and other novel reagent(s) affect Fe precipitation and sulfur chemistry, leading to very different process outcomes such as improved extractions and larger, more easily separated, sulfur particles.

Jan 1, 2017

By Robert B. Parsons

"The last edition of Tax Notes expressed concern about two proposed tax changes in Finance Minister Paul Martin's 1995 budget that could have detrimental effects on Canada's mining industry. This month, Tax Notes expands on these concerns. This article is based on a paper that the author presented at ClM '95 in HalifaxIntroductionOn a global basis, there are more investment opportunities in the mining industry today than at any other time in history. Countries in Central and South America, Eastern Europe, the CIS, Central Asia, and Asia are competing aggressively to attract investment to all sectors of their domestic mining industries. Today, the demand for investment dollars exceeds the amount of dollars that are available for investment in mining. It is not surprising, then, that the established mineral producing nations are witnessing a decline in spending on exploration and development on their home turf, and an increase in spending in developing countries. In the context of a developed country such as Canada, there are two manifestations of the problem of declining investment: (I) Foreign investors are allocating more of their capital budgets to new opportunities in developing countries; and (2) Canadian juniors and seniors are spending proportionately more abroad. This shift in global spending patterns is the source of some concern for the future of Canada's mining industry, particularly because it is widely believed that the current rate of discovery of ore reserves in this country is too low to replenish depleting reserves.""Government bashing"" has always been a popular pastime in Canada. Invariably, this pastime has focussed, at !east in part, on taxation. In view of the intense competition that Canada faces on the global mining scene, it is important that the role of taxation in the decision-making process be kept in perspective. This paper seeks to put the role of taxation into perspective."

Jan 1, 1995

By S. Z. R. Pinkney

Positron Emission Tomography (PET) is a medical technique that produces three dimensional images of the body, commonly to aid diagnosis and treatment of tumours. PET has been developed by the University of Birmingham in order to track particles in an opaque system which is known as Positron Emission Particle Tracking (PEPT). The object to be tracked is irradiated. As the radionuclide decays positrons are produced; when these collide with electrons a pair of concurrent parallel back-to-back gamma waves are emitted and detected, from which the position of the object can be calculated. Stirred media mills are used for particle size reduction. The mill is usually operated at high solids loading with grinding media and has a polyurethane or polyurethane-lined steel pot and is thus opaque. For this study grinding media has been directly irradiated and tracked using the PET camera during the grind. The stirred media mill can be divided into cells of equal volume known as voxels. The fraction of the total time the irradiated media spend in each voxel can be shown in an occupancy diagram. The mean velocity and kinetic energy of the media for each voxel are calculated and also plotted. In occupancy and kinetic energy plots colour indicates the value of the voxel, in dimensionless time and Joules respectively. The arrow in velocity plots shows direction and length of arrow indicates magnitude of the mean velocity for the voxel. From these diagrams and further data analysis a detailed understanding of the flow patterns, media behaviour and high energy areas of the mill can be developed. Variables considered were the tip speed of the impeller and density of the grinding media. It was found that the grinder has three distinct regions: above, at and below the impeller with each region having its own flow patterns and velocity and kinetic energy profiles. These are different for each variable and so are used to characterise the grind. Tip speed and density of the grinding media were shown to both affect the velocity of the media and the proportion of time spent in the each region of the grinder.

Aug 1, 2013

By R. W. Thompkins

"PREFACEPart 1 of this paper, published in the September issue, covered the occurrence of uranium, radiation from uranium ores, the uranium series, radioactive theory, radioactive equilibrium and application to the radon series, the working level, the theory of emanation and diffusion, transport by thermal diffusion of radon emanating from porous rocks, and definitions.The October issue carried Part 2, which dealt with radiation theory applied to uranium ores, other radon migration factors, factors affecting the radon gas release rate, the measurement of radon gas emanation rates, the tunnel concept, variation of emanation rate with grade and estimating radioactivity from grade analysis.Part 3, in this issue, concludes the series by discussing the techniques for controlling radiation and providing some example calculations.17.0. Techniques for Controlling Radiation17.1. Altering the Factors In the Diffusion EquationIt has been noted that radon gas emanates from the surfaces of exposed ore to the mine atmosphere. The diffusion laws establish the rate of this flow. The fundamental relationship is that the rate of flow (J) is a function of the pore concentration and the distance from the surface. It is expressed as: []If any of these terms is varied, either naturally or artificially, the rate of gas emanation will be altered.Altering the Diffusion CoefficientThe literature describes many ways to lower the radon gas emanation rates which are dependent on changing the diffusion coefficient:1. A layer of ice on top of a tailings dam or on a soil.2. Humid clayey materials and swamped soils over a radon source."

Jan 1, 1982

By B. Yamamoto, D. Post, J. De Leon, A. Meike

"This paper describes the theory, design, building, and testing of the passive magnetic bearing stabilizing system which is the core of the passive magnetic bearing system. The stabilizing system is made up of two large magnetic disks opposing themselves with a stabilizing disk in the center which allows the system to self-locate in a null position without the need for external power sources or sensors. When outside forces act upon the stabilizer, the magnetic fields interact with the stabilizing plate to return the system to its null position. Collaboration between two industry leaders has allowed an actual prototype to be built and tested providing real data to prove out the theory.INTRODUCTIONMagnetic bearing/stabilizer systems have many advantages over conventional mechanical bearing systems. These include near-zero drag losses and no need for lubrication since the rotating elements make no mechanical contact with the stationary elements of the bearing system. However all magnetic bearing systems must contend with a constraint known as Earnshaw’s Theorem in the early 1800’s, this theorem asserts the impossibility of constructing a stable, non-contacting, electrostatic or magnetostatic levitation system using only fixed charges or fixed magnetic poles, such as those produced by permanent magnets. Because of the constraint imposed by Earnshaw’s Theorem virtually all present-day commercial magnetic bearing systems are of the “active” type. That is, they employ electromagnets that are powered by amplifiers the inputs to which come from sensors embedded in the bearing system. These sensors are a part of a feedback loop that operates to keep the levitated rotating parts of the bearing stable and centered. The resulting complexity means that active magnetic bearings are expensive, require periodic maintenance, and continuously consume electrical power to energize their amplifiers and their electromagnets.Passive magnetic bearings are, of course, also subject to the constraints imposed by Earnshaw’s Theorem but they solve this problem in a straightforward and simple way, with only “passive” elements that take advantage of a loophole implicit in the derivation of Earnshaw’s Theorem. This loophole is that Earnshaw’s Theorem as derived applies only to static systems, i.e. an assembly of stationary permanent magnets arranged so as to levitate an object containing other permanent magnets. The theorem can be overcome if dynamic effects are taken into account. In active magnetic bearings the “dynamic effects” involve the afore-mentioned sensors, amplifiers, and electromagnets."

Jan 1, 2012

By A. L. Mular

"IntroductionSince the mid -1960s, automatic control of grinding circuits has become the rule, to avoid losses attributable to frequent circuit upsets associated with uncontrolled disturbances such as ore hardness variations. Higher capital costs of grinding equipment and corresponding operating costs-especially with respect to energy consumption-are major factors that continue to stimulate interest in grinding control.Grinding circuit control strategies depend upon the control objectives defined by the processing plant and are subject to constraints such as: maintain final per cent solids within some range, do not transport steel ball s out of the discharge trunnion, or do not overflow or empty the pump box and so on. Constraints depend on the nature of equipment employed within the grinding circuit and may actually determine the characteristics of the control scheme. Typical control objectives are:1. Maintain final particle size at set point by ,a. manipulation of fresh feed rate with circulating load maintained by manipulation of pump box water addition rate, orb. manipulation of pump box water addition rate with circulating load maintained by manipulation of fresh feed rate, where the methodology utilized to accomplish either (a) or (b) is dependent upon equipment/circuit constraints such as the availability of a variable speed pump.2. Maintain circuit throughput at a maximum by,a. manipulation of fresh feed rate subject to constraints on final particle size and variables such as power draw, circulating load and mill overload.3. Maintain mill load at set point by a. manipulation of fresh feed rate subject to constraints such as on power draw.4. Maintain mill power draw at set point bya . manipulation of fresh feed rate subject to mill load constraints. Often, a grinding control objective is dictated by the recovery vs fineness-of-grind characteristic that exists for downstream separation circuits. When recovery is relatively insensitive to size, maximum throughput in the grinding circuit is advantageous.The purpose of this paper is to review control strategies for primary ball mill grinding circuits, rod mill/ball mill grinding circuits and semi-autogenous grinding mill circuits. Primary sensors employed are highlighted and modern trends are documented briefly."

Jan 1, 1989

By D. A. Stokes

"In October of 1980, Fording's 15 000-ton capacity clean coal silo was put into operation. The silo was unique in that it was designed to allow the mass flow of material, coupled with a sophisticated computer-controlled dynamic loadout/weighing system.On May 1, 1982, an explosion, attributed to a methane buildup, devastated the top of the silo. .As a contingent plan to minimize the effect of the production loss the conveyance to the silo top was reconstructed and the silo' was back in operation by mid-June 1982, although the silo top was left open to prevent further methane buildup. As dust emissions occurred during loading ofthe silo, an extensive study was undertaken to establish dust control for the silo, while at the same time providing methane detection and control.The study, conducted for Fording by the Cambrian Engineering Group of Calgary, involved an extensive search and investigation of existing coal silos. The study concluded that there IS no universally accepted method of controlling methane emissions in coal silos.The study also produced a unique conceptual design for handling methane, while at the same time, protecting the environment . Fording's Clean Coal SiloThe silo, located at Fording Coal's Fording River metallurgical coal operation, is utilized for the storage and load out of cleaned thermally-dried metallurgical coal.The silo was constructed in 1979 and 1980 to reduce unit train loadout times and to facilitate the handling of “special shipments"" of coal. The silo went into operation in October 1980, under manual control and utilized computerized, automated loading by February 198I.The silo is 21 m in diameter and 76 m high, with a nominal capacity of IS 000 live tonnes. The coal storage portion of the silo is 21 m in diameter and 48 m high, utilizing 2 steep-angled hopper outlets allowing mass flow of the stored coal during train loading. Each hopper has a control gate and a discharge chute, one chute for bulk loading, the other for trim loading of coal into the rail cars."

Jan 1, 1986

By A. J. Williams

"IntroductionAN EXCELLENT paper entitled Potash Discoveries in Western Canada (l) was presented to the 1948 Annual Meeting of the C.l.M. by L. Heber Cole, of the Department of Mines and Resources, Ottawa. In the intervening three and a half years, the search for oil and gas in Saskatchewan has added considerably to the information available on the occurrence of potash. It is the purpose of this paper to summarize the additional data. For greater clarity, it may be useful, first, to recapitulate some of the highlights of Mr. Cole's paper.Underlying the western plains of Canada there is a large deposit of sodium chloride, believed to be of early Devonian age. Associated with the sodium chloride are certain potash salts, primarily 'sylvinite,' a mechanical mixture of sodium chloride (halite) and potassium chloride (sylvite) crystals. The potash salts, when present, are usually near the top of the salt formation, though in at least one well they were found near the central part of the deposit. Cole reported on some seven wells in Saskatchewan which had encountered appreciable amounts of potash; these were the Ogema, Radville, Davidson Nos. 1 and 2, Prairie Salt Nos. 1 and 2, and Verbata wells. Depth of potash from surface ranged from 7,653 feet in the Radville well to a minimum of 3,466 feet in the Verbata well. Such depths do not compare favourably with those at which the potash is found in mines in the United States, France, and Germany, where about 1,000 feet is the average. The greatest concentration of sylvite encountered was in the Verbata well, where a bed 11 feet thick carried the equivalent of 21.64 per cent K20."

Jan 1, 1952

By Daniel D. M. Adams

Over the last 100 years industry in general has been trying to advance the ability to maintain systems through management processes. Mining has looked to utilize onboard data systems in our mobile mining fleets to compliment these processes. Combining the two concepts build the concept that Rio Tinto refers to as asset health. These programs can generate a cost shift between $20,000 and $100,000 per piece of equipment annually. Even with the documented savings many operations struggle to justify the systems, why?

May 1, 2011

By Michael K. O’Leary, William D. Coplin

"Risks from political instability and government policies restricting equity ownership, local operations and transfers of payments affect the profitability of foreign mining ventures. More than seat-of-the-pants judgments and old-boy networks are required to anticipate these risks and to take actions appropriate to offsetting them. A system for making political forecasts, called the Prince System, and a series of charts relaying risk s to a production of key minerals will be presented.IntroductionFirm s with extractive operations outside their home country do not have to be told that political stability and government decisions play a big role in the success o f their operations. The takeover of copper firm s in Chile during the Allende administration in 1971 and the recent decision by Venezuela to reduce Reynolds Metals equity share in a smelting operation from 50% to 28% are two examples of hundreds of events that have determined the profitability of extractive operations over the past decade. Both risks and opportunities for international firms seeking to produce and market raw materials are heavily affected by political conditions. While news of political events travel much faster than in the past and host governments are more clever in shaping the risks as well as the opportunities, politics has always been part of the mining business.What has changed is the need to be more systematic in approaching the assessment of political conditions and how it affects business. The increasing costs of extractive operations, the need for long-range planning, the importance of financial arrangements and the world-wide scope of man y firm s' activities require that the assessment be updated continuously and be comparable across different countries and different types of investments. Political risk analysis, the assessment o f macro-political changes and specific governmental decision s on the operations of extractive industries needs to become as systematic and integrated into corporate decision -making as economic analysis has become over the past two decade s."

Jan 1, 1983