Search Documents

By Chuan-Jian Zhong

Gold-based nanoparticles in the size range of a few nm have attracted increasing interests in catalysis, sensors and biomedical applications. The study of the unique catalytic properties of nanosized gold was inspired by the pioneering work of Haruta on the nanogold-catalyzed CO oxidation (1-4). There have been a number of excellent reports discussing both fundamental and application aspects of gold nanoparticles in catalysis (3-8). Our work reported herein is aimed at investigating the preparation and application of gold and its alloy nanoparticles for potential applications in fuel cell catalysis. Fuel cells operating by electrochemical oxidation of hydrogen or methanol fuels at the anode and reduction of oxygen at the cathode are attractive power sources due to their high conversion efficiencies, low pollution, lightweight and high power density. While methanol offers the advantage of easy storage and transportation in comparison with hydrogen fuel cell, its energy density (~2000 Wh/kg) and operating cell voltage (0.4 V) are much lower than the theoretical energy density (~6000 Wh/kg) and the thermodynamic potential (~1.2 V). The poor activity of the anode catalysts and inefficient activity or issue related to "methanol cross-over" at the cathode electrode are associated with the loss of about one-third of the available energy at the cathode and the other one-third at the anode. Extensive studies have been focused on Pt-group metals (Pt+Pd+Rh+Ru+Ir (PGM)) for both anode and cathode catalysts. A major problem is the poisoning of Pt by COlike intermediate species (9,10). Recently, oxide-supported gold nanoparticles in the <10 nm size range have emerged as one of the best catalysts for CO oxidation (1-3,11), and for water gas shift reaction in reforming stage using 5 nm Au on Fe2O3 (6). Gold and its alloy with other metals in the nanosize range present new alternatives (2,12). Whether the unique properties of gold nanoparticles can be exploited for addressing these problems is a focus area of our work. The ability to harness the large surface area-to-volume ratios and the unique surface sites of nanoparticles in <10 nm size range, especially in heterogeneous catalysis, constitutes a major driving force in fundamental research and practical applications of nanoparticle catalysts. It is this size range over which the metal particles undergo a transition from atomic to metallic properties. The understanding of factors controlling the morphological and surface reconstitution associated with such a size range is of fundamental importance to the ultimate exploration of nanostructured catalysts. We have been investigating the interfacial structures and properties of core-shell types of nanoparticles consisting of gold or alloy nanocrystal cores and organic monolayer shells that were prepared by twophase synthesis (13) and processing (14) protocols. Important attributes of such nanoparticles include controllable size monodispersity, processibility, and stability towards size- and composition-tunable catalysis (15-21). Some of these attributes were studied for understanding their electrocatalytic properties in the oxidation of methanol and reduction of oxygen, which are of fundamental interest to fuel cell technology.

Oct 1, 2003

By D. D. Hogarth

"Edward Haycock, Engineer and Public Contractor Edward Haycock was born in Shrewsbury, England, June 14, 1813. His father was John Haycock, a timber merchant and soap manufacturer, residing at Swan Hill Court, Shrewsbury, and his mother Esther was the daughter of William Hilton of Hempstead, Hertfordshire. Edward&apos;s paternal grandfather, John Hiram Haycock, was the first of a line of architects that ""changed the face of Shrewsbury"" and ""provided some of the best examples of typical Victorian architecture in Shropshire""(1). Nothing is known of Edward&apos;s early life or education, although it appears that he made no attempt to follow this artistic trend. In 1833, Edward immigrated to Canada. The following year, he married Mary Butler, daughter of Johnson Butler, a Lieutenant-Colonel in the Lincoln Militia during the War of 1812. Mrs. Haycock, as co-heiress of Johnson Butler&apos;s estate, was assigned 600 choice acres of farmland in Brooke Township near present-day Sarnia. This alone would have guaranteed a tidy income, but the Haycocks soon disposed of this land, the last lots being sold in May 1840. Instead, Haycock turned his hand to engineering and, for a number of years, was employed by the Great Western Railway first in Woodstock and later in Hamilton. He then moved to Port Hope, tried farming, worked in the engineering office of the Port Hope, Lindsay and Beaverton Railway Company, and later constructed a portion of this railway(2). During his stay in Port Hope, Haycock met his future partners Ralph Jones, a contractor, and Thomas Curtis Clarke, chief engineer with the P.H.L. and B. Railway Company. The alliance was styled Jones, Haycock and Company and their most successful venture was the construction of the Government Buildings in Ottawa. This work was the crowning achievement of Haycock&apos;s career and, no doubt, his proudest moment was at 11:30 a.m., April 2, 1860, when his daughter Mary Emily, then a little girl of 4, with a special silver trowel ceremoniously laid the first stone. Of special interest in this project were the quarrying operations, which introduced Haycock to the art and difficulties of mining as well as to the potential returns of mines. Sandstone, for facing, was drawn from four quarries, 10 to 12 miles from the Departmental Buildings. Haycock seems to have been in charge of these operations, which in the early stages involved an average labour force of 86 men and 43 teams. However, by 1861, quarrying had declined in importance and the contractors were able to concentrate whole-heartedly on the construction site."

Jan 1, 1999

By James Pirie

"The major Archean gold deposits in the Red Lake greenstone belt, which have produced over 374 million grams of gold since 1930, occur near the top of the lower komatiitic to tholeiitic mafic to ultramafic metavolcanic sequence. The upper calc-alkalic mafic to felsic rocks form three discrete and separate ediftces overlymg this lower sequence.The gold deposits are classified according to their stratigraphic or lithologic associations into:1) mafic-volcanic-hosted deposits;2) felsic-intrusive-hosted deposits; and3) stratabound deposits.Group 1 and to a lesser extent Group 2 deposits occur within zones of alteration several square kilometres in extent. The nature of this pervasive alteration can be characterized by comparison of petrochemical data from the altered rocks and their fresher equivalents some distance away. The altered rocks have substantial addition of SiO2> CO2, K2O, As and Sb and subtraction of Na20, CaO, MgO and total Fe. Cr, Ni, Co and Zr appear to have been relatively immobile. Hydrothermal alteration and gold deposition probably accompanied early fumarolic activity and continued during subsequent deformation the metavolcanic sequence, with gold eventually being mobtltzed and concentrated into major vein structures to form the present orebodies. The smaller Group 2 deposits formed by emplacement of felsic intrusions into already altered, anomalously gold-bearing mafic metavolcanics, with the heat from the intrusions setting up parasitic hydrothermal systems which mobilized the gold and deposited it along with minor sulphides in fractures in the cooling intrusions."

Jan 1, 1982

By J. Graham Eby

"This paper describes the development and some typical applications of Wemco's large-capacity flotation machines, the No. 120 and the No. 144, with volumes of 300 and 500 cubic feet, respectively. During the 1960's, it became obvious that low-grade orebodies would be mined at high tonnage rates - plants and grinding mills would be larger, which would create a demand for larger flotation equipment. To meet this demand, Wemco developed a single-mechanism, 300-cubicfoot cell, having five times the volume of the standard No. 66 cell. The average production rate of the No. 66 cell on porphyry copper ore was 100 tpd per cell; and it was our intention that the No. 120 (300-cu. ft) cell would handle 500 tpd per cell, with at least equal metallurgical results and power consumption per ton. The success and industry acceptance of the No. 120 cell has since led to the development of a larger cell, the No. 144, having a volume of 500 cubic feet."

Jan 1, 1972

By Matthew S. Hall

Gold/iron oxide catalysts have been prepared and their catalytic performance evaluated for low temperature CO oxidation. The method and temperature used to dry the sample has a significant effect on their catalytic activity. Analysis by TEM revealed the catalysts contained Au particles, although catalysts with high and low activity did not always differ in their microstructure as evidenced by TEM. Catalysts were characterised using XPS and the difference between the Au(4d) and C(1s) binding energies measured; in general the greater the difference, the higher the catalytic activity of the material.

Oct 1, 2003

By J. R. MacDonald

MINING literature contains very few descriptions of operations producing as little as 25 to 30 tons of ore per day. The purpose of this paper is to discuss the gradual development of a mining method for such a small-scale operation at the No. 2 mine of Central Patricia Gold Mines, Limited, and in doing so to review several systems of stoping applicable to narrow ve1ns. MAIN ECONOMIC FACTORS TO BE CONSIDERED (1) Overhead.-The outstanding feature of most mines operating on a single narrow vein is chat of small daily tonnage. The reason for this low output can be readily understood. The strictly limited ore-reserves present a condition unfavourable for a policy of large initial expenditures, with the result that the capacity of the plant provided must be governed by the? amount of ore in sight at the time when mill construction is planned. This is immediately reflected in the cost per ton, there being relatively few tons over which to distributed the more or less static charges, such as hoisting, heating, supervision, administration, pre-production expenses, and other write-offs. (2) Development.-In mining this type of orebody, the main factor contributing to high costs is unquestionably the small tonnage of ore made available by a given amount of development. Thus, for example, from the data tabulated below it can be seen chat, assuming a 12-in. vein and a drifting cost of $9.00 per foot, the development charge for this item alone would be 71 cents per ton. Add to this the charges for raising, cross-cutting, shaft-sinking, and pumping, besides charges arising from development in waste, and the figure will be very considerably higher than 71 cents.

Jan 1, 1941

By Roland Hunt

This paper deals with the practical problems as sociated with blasting a heated pillar remnant. This pillar remnant was the final stage in the blasting of a multi-stag e pillar blast. Production from the previous stages had produced burning sulphide ore, resulting in high rock temperatures in the final unblasted stage. This is an account of how, under difficult conditions, the pillar remnant was blasted.

Jan 1, 1977

By Gustavo Angeloci

Artisanal mining is a rudimentary activity that today attracts over 30 million people in virtually all developing countries around the world. As the price of gold has steadily increased over the past decade, 15 million people have become involved in extracting this metal in 55 countries. Individuals have switched to mining from primary industrial sectors such as agriculture to increase their income. These workers generally have little capital, low education levels, and no previous experience in mining. Together with a lack of technical support from governments, these factors lead to disorganized and informal mining activities that generate environmental and social chaos. The absence of technical knowledge and capital has caused a proliferation of Gold Ore Processing Centres (GOPCs) around the world established by local entrepreneurs, who provide a way for miners to process their ores using amalgamation for a fee that is relatively low to non-existent. Gold recovery by the independent miners rarely exceeds 30 % and gold-rich tailings are left at GOPC facilities as a form of payment. GOPCs recover around 90 % of the remaining gold using cyanidation, flotation, and amalgamation, without any compensation paid to the miners. In processing these mercury (Hg)-contaminated tailings, Hg cyanide complexes are produced that are dumped into aquatic environments, leading to rapid bioaccumulation of Hg by fish. In the town of Portovelo, Ecuador, the establishment of partnerships between GOPC entrepreneurs and artisanal miners has proven to be successful in forming legal small-mining companies to create more equity and reduce pollution. About 108 GOPCs operate in Portovelo-Zaruma, with 40 % of these still working illegally without proper regulation and permitting. Over 20 % of these GOPCs continue to use grinding, concentrating and amalgamating of the gold, with 58 % performing cyanidation of tailings and/or gravity concentrates, and 15 % combining flotation with cyanidation. About 94 % of the GOPCs concentrate the ore prior to applying amalgamation, which significantly reduces Hg emissions to the environment. Incorporating flotation has given the operators increased skills in mineral recovery, with the side benefit of producing a copper concentrate as added value. Despite these innovations, mineral recovery is still inefficient, and waste management is a major challenge in creating true sustainability in this sector (technical efficiency together with social and environmental responsibilities). Further organization, training and capacity-building are needed. The principles of Lean Manufacturing Methods ("Just in Time" production and "Automation") are suggested as possible techniques to assist small GOPCs to become sustainable. In this concept, a larger mining company can become associated with artisanal miners in a partnership to provide training and investment for exploitation of small deposits that would be infeasible as a single large operation. As well, an International Training Centre for Artisanal Miners (ITCAM) is being established in Portovelo with collaboration of the Government of Ecuador to further enhance and upgrade mining activities in this region. ITCAM will provide artisanal miners with technical, business and environmental training to become responsible small-scale miners. In building this new capacity, ITCAM intends to create an atmosphere of trust to attract private and corporate investors to become partners with artisanal miners.

Aug 1, 2013

By W. A. Jones

THE estimation of the average value of gold ore involves many considerations, among them the correct sampling of the deposit, the dilution by waste, and the loss of high-grade fines. It is a common experience that, after all these factors have been evaluated, adjustment of the assays is necessary before satisfactory agreement between the calculated mine grade and the mill heads is obtained. In fact, at many mines the latter correction overshadows all others in the preparation of routine estimates. For this reason it is proposed to deal only with the mathematical treatment of mine assays and the problem of bringing estimates into conformity with the corrected mill heads. Mine assays differ from physical measurements because the range of values is very great and these are not symmetrically distributed above and below the average, there being fewer high than low results. There is no widely accepted mathematical procedure for determining the average of series of measurements which exhibit these characteristics. Customary practice consists in empirically reducing high assays until a satisfactory agreement with mill heads is reached. It was thought that more confidence could be placed in grade estimates if a logical basis for calculations could be devised .. In an attempt to find a fundamentally sound procedure, amenable to practical application, many series of assays comprising over 235,000 channel samples (1) were studied at Hollinger Consolidated Gold Mines, Limited. Such an investigation could only be made where records covering many years of operation are available and where tabulating and calculating machines are in use. The results are recorded in the hope that the relationships noted for the large groups of assays used are of fundamental character and that the data will be useful to others dealing with the problem of grade estimation.

Jan 1, 1943

By S. Usui, Y. Shinohara, C. Tokoro, K. Horiuchi, S. Owada

Process optimization of heating and physical separation for Cobalt (Co) recycling from spent lithium ion battery (LIB) was investigated. LiCoO2 in spent LIB was transformed to LixCoO2 which was more easily decomposed than LiCoO2 by heating. Coexisting materials of aluminum and carbon, and sealed atmosphere of the LIB promoted LixCoO2 decomposition. In an atmosphere of Argon, 95 % of LixCoO2 in the spent LIB was decomposed to 76 % of Co oxide and 19 % of Co metal in 10 min at 823 K; a lower temperature than the theoretical value for LiCoO2. The Co oxide and Co metal exhibited magnetic properties and could be recovered by wet magnetic separation. Furthermore, slow heating was effective for grain growth of Co oxide and Co metal. At 2 K/min rate of heating, average grain size of Co oxide and Co metal were 239 µm and 28 µm respectively, whereas at 30 K/min they were 190 µm and 15 µm respectively. Therefore, separation efficiency for Co recovery by wet magnetic separation was increased when spent LIB was slowly heated at 2 K/min.

Jan 1, 2015

By G. V. Sirianni, G. E. Viens, R. A. Campbell, G. N. Banks, R. L. Sachdeva

"A combined shaft-electric furnace for the smelting of ores and the melting of metallized iron pellets is being developed. The materials are preheated, and in some cases pre-reduced, in the shaft before being transferred to the electric furnace, where melting or smelting is completed. It has been demonstrated that this combination of equipment will enable much of the relatively expensive electrical energy to be replaced by cheaper energy in the form of oil or natural gas, and preliminary experiments indicate that the total energy requirements for a melting or smelting operation are significantly reduced. Projections based on results obtained from the preliminary experiments indicate that further improvements will be possible when certain modifications to the equipment are completed."

Jan 1, 1968

"In the present study, the reduction behavior of composite pellets comprising of iron oxide, synthetic graphite and slags were investigated in a laboratory-scale horizontal tube furnace. Two different types of slags indicating silicate base and aluminate base slags were chosen to examine the effect of slag chemistry on the reduction behavior of pellets. Slag composition of binding materials has influences on the reactions occurring in composite pellets during direct reduction. In-situ high temperature visualization approach was used to observe the slag / iron / carbon interactions at 1773K (1500°C). The off-gases were measured by means of infrared analyzer to determine the reaction rates of the pellets. Different physical appearances during the in situ reaction inferred a strong correlation between the slag composition and internal reactions. In addition, compression tests were conducted to examine physical strength of the pellets. This investigation was carried out to establish feasibility of physical property control of pellets by selecting optimum slag compositions of binding materials INTRODUCTIONCurrently, most of the iron ore mines have facilities that make an ore more usable for the blast furnace operation by improving its physical properties (e.g. pelletizing and sintering). However, during the process, a large amount of fuel is supplied to indurate materials which consequently deteriorate energy efficiency and produce more CO2 emission. Along with increased interests, direct reduced iron (DRI) making process; simply without coke oven or sintering process, has opened the era of clean and environmental friendly iron making process. While some of the established DRI technologies such as Midrex and HYL were restricted to certain locations where natural gas is abundant, coal based technologies using Rotary Hearth Furnace (RHF) such as FASMET and ITmk3 have been developed with regardless of expensive fuel deposit. In addition to the direct use of pulverized non coking coal and fine iron ore, RHF process also has advantages of utilizing waste materials such as EAF dust, biomass and recycled plastics. Nevertheless, there are still many challenges in the coal utilizing technologies as the unprocessed coal and the waste materials contain huge volatiles and ashes. Although recent investigations on volatiles in a RHF process (Sohn and Fruehan, 2005, 2006) have indicated the benefits of coal in terms of iron oxide reduction and have shown feasibility of multi-layer process, carbon composite pellets still have disadvantages because of its weak mechanical bonding strength. As the mixed system with carbon and oxides generates intermediate gases (e.g. CO and CO2) between solid particles, it is difficult to keep its physical state without the help of binding materials. In this reason, industries have been tried to use various binding materials such as bentonite, kaolinite and Portland cement. However, they are still struggling to find out new materials that provide not only sufficient mechanical strength but also metallurgical properties, such as porosity, reducibility and swelling throughout the reduction reaction. Recently, Canadian researchers (Aota et al, 2006) observed enhanced mechanical strength of pellets by using high alumina cement as a binder and concluded that the method could be used to recycle EAF dust as well, but in depth mechanism of reinforced strength has not been concerned. Most of the ashes coming from binders formulate certain type of slag during the reduction process due to its incombustibility. Thus, observation and regulation of slag property is an essential for the control of carbon composite pellet. Yet, only a little thermodynamic consideration from the perspective of slag chemistry has been adapted in the iron and steel making industries as ash has been easily ignored for its tiny proportion. In this study, effect of CaO-SiO2- Al2O3 slag system on the reduction of iron oxide was investigated in terms of"

Jan 1, 2012

By John A. Allan

Introduction There are times when meditation on the past is worth while. Too often does it happen that in the busy routine there appears t9 be little time for reflection, and little good or benefit to be derived from what has already taken place, or what has become past achievement. Under conditions such as those that prevail at present, consideration is being given to many subjects that a few years ago were not looked upon as worthy of time or thought. The temporary lull in industrial development is permitting of a stock-taking investigation, a perusal of past activities, and a planning for future development with the return to normality. It is not proposed to include much new data in this address, but the endeavour will be made to survey, in resume, the sequence of events which led up to the birth of the mining industry in Canada, and to show how, as new discoveries were made, the centres of interest changed from time to time until mineral development extended across Canada from the Atlantic to the Pacific. It will appear, also, that external causes have accentuated mineral development at one time and retarded it at another. Early Records A, historical background to the mining industry extends even to an earlier date than the discovery by white men of that part of the continent of North America represented by Canada. It has been stated that the aborigines were still in the neolithic stage when the white man arrived. One metal only was known to the natives, and that was copper, obtained from possibly many parts of Canada, but particularly from the shores of lake Superior in Ontario, from the Coppermine river on the Arctic coast, and from die coastal regions of British Columbia.

Jan 1, 1933

By Louis Frost

"Dominion No. 17 Colliery, of the Dominion Coal Company, Limited, is located in the district of New Victoria, N.S., at the entrance to Sydney harbour.This Colliery was opened in 1882 to work a submarine area of the Harbour seam (see Figure 1). It was closed in 1921 and the mine, which has a make of water of approximately 250 gallons per minute, was allowed to fill.No. 18 Colliery, situated almost a mile to the east, was opened in 1938 to work the Phalen seam in this area with the intention, later, of driving a cross-measure tunnel to mine the section of the Harbour seam lying between No. 17 Colliery and the Princess Colliery of the Nova Scotia Steel and Coal Company, Limited.In 1945 it became necessary to open this area in the Harbour seam and a cross-measure tunnel was driven from the existing workings of No. 18 Colliery in the Phalen seam, which underlies the Harbour seam at a depth of 500 feet.The tunnel was started in 1946 and completed in 1948. The cost of opening this section, which contained only 6 1/2 million tons of coal, made imperative the recovery of all the available coal and precluded the maintenance of the large barriers that had been left in No. 17 Colliery for impounding the water, especially as the maintenance of these barriers would have meant the loss of 885,000 tons of coal, or 12.3 per cent of the whole tonnage available. Therefore, a study was made to determine the best means to dewater the 250 million gallons of water lying in the old No. 17 Colliery."

Jan 1, 1952

By A. Kowalski

This paper presents methods of implementation and the added value that can be achieved by connecting personnel tracking systems and alarm-broadcasting systems. The authors point out the functions of the two systems that enable cooperation between them. Methods for connecting the systems on the surface and underground areas of mines require some intervention in both systems, so the authors point out a possible phased approach to introducing cooperation methods. Due to the fact that tracking systems in Polish mines are at an early stage of implementation, the article aims to provide new functionality, attempts to identify the needs of future users, and describes the experience of both production companies in terms of the development of cooperation methods.

Aug 1, 2013

By Tuula Mäkinen, Lauri Pesonen, Peter Björklund, Jouni Pihlasalo, Mikko Korpi

Outotec Direct Blister Flash Smelting technology has proved to be an efficient and environmentally friendly way to treat copper concentrates from the Zambian Copperbelt at Konkola Copper Mines&apos; (KCM) Nchanga smelter in Zambia. The modeling of slag chemistry and thermodynamics with MTDATA software played a central role in deciding the operation parameters for the smelter. Outotec FSF Online Process Advisor is used to calculate the process parameters and to give valuable information of the process state for the operating personnel. The pre-calculated slag liquidus graphs are also integrated to the Online Advisor.

Jan 1, 2011

By G. Binks

In 1997, the Zinifex Hobart Smelter ceased ocean disposal of jarosite and the flowsheet was converted to reject iron as paragoethite. This paper describes the evolution of the flowsheet since the changeover and considers future flowsheet developments. The major change to the flowsheet has been an increase in the silica content of the calcine resulting from treating increasing levels of Century concentrate. The high silica levels impacted on the paragoethite precipitation stage, causing a deterioration in the settling and filtration characteristics of the paragoethite and an increase in the contained zinc level. The implementation of a two stage neutral leach step has enabled the flowsheet to cope with the higher input silica levels. Future developments include an understanding of the form of the zinc in the paragoethite and options to lower the zinc level to improve the overall zinc recovery.

Jan 1, 2006

By Andre L. Du Preez

Global mine hoisting regulations require safety fall arrest systems to be installed on vertical conveyance systems capable of safely decelerating and supporting a fully loaded conveyance in the event of a rope severance. Most current arresting systems are incapable of producing controlled safe deceleration rates. Although safety ?dogs? achieve marginally acceptable results on wooden guides, difficulties arise in achieving safe deceleration performance requirement where safety arrest systems operate on steel shaft guides. Previously, arresting systems capable of operating with steel guides have been incapable of producing controlled deceleration rates during the arresting of free-falling conveyances. Most are ?instanton? systems, whereby an occupant inside a conveyance being arrested would be subjected to unacceptably high deceleration forces. This paper briefly highlights the background to the selection process of Rio Tinto?s Technical Staff of a suitable Mine Conveyance Safety Fall Arrest System for #1 Shaft at Rio Tinto Oyu Tolgoi Mine, Mongolia. It also describes the Drop Test and Free Fall Test procedure and the results leading to the acceptance of the Horne Group Levelok® Emergency Braking Technology for the Oyu Tolgoi #1 Shaft in Mongolia. The paper highlights Rio Tinto?s primary objective for the selection of this advanced technology on their primary production shaft cage system as an emergency safety catch braking system combined as an advance hydraulic chairing system. It describes the design and operational parameters and the &apos;Fail to Safe&apos; interfacing with current automated mine hoist systems.

Aug 1, 2013

By Robert T. McKnight

"Traditional techniques for valuing resource projects companies have been primarily based on discounted cashflow methods (DCF) or by comparison to similar projects with an apparent market capitalization. Many resource projects are really forms of options to invest rather than a future cashflow stream. Employing the DCF method to value a resource project which is really an option to invest, can dramatically underestimate the real value of the project. The analytical tools required to evaluate options, while more complicated than the usual spreadsheets used for DCF, are becoming more easily available and usable by managers. This paper will discuss the background of options valuation and some of the tools which will make it easier for managers to estimate the value of projects and companies which have significant real option values.ResumeBob McKnight is a graduate of the University of British Columbia in Geological Engineering, supplemented by an MBA from Simon Fraser University. Following several years in the oil patch with Cities Service and Brascan, Bob returned to Vancouver in 1979 to work for Wright Engineers. He subsequently went on to work for Cassiar Mining, Getty Resources and Endeavour Financial before joining Pincock Allen & Holt Ltd. in 1998. His experience ranges from exploration to feasibility studies, financial evaluations of mining and oil & gas projects, due diligence, project finance, valuations and mergers and acquisitions. He has extensive international mining experience pertaining to such countries as Chile, Mexico, Uruguay, Thailand, Indonesia, Angola, Papua New Guinea, Kazakhstan.What are Options?Options have been around for centuries. They were familiar to Roman and Phoenician traders who were shipping cargoes from Mediterranean seaports. In the financial world, options are types of contracts that generally include the right, but not the obligation, to buy or sell a share, currency or commodity. The underlying commodity price or share price changes are assumed to be lognormally distributed. In this context, options are of two general types, ""call"" options and ""put"" options. Call options have the characteristic of having the right to buy a tradable commodity or currency at a predetermined price for a specified period of time. For the owner of call options, they become more valuable as the price of the underlying commodity increases. For the seller of call options, these options become an increasing liability as commodity prices rise, since there is the obligation to sell the commodity at a predetermined (perhaps lower-than-market) price. This characteristic of call options recently became high profile with the sharp rise in gold prices last year. The value of gold call options sold by certain producers increased their associated liabilities to the point where margin calls were made."

Jan 1, 2003

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

Jan 1, 1997