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By K. Sun

The exothermic behavior of the intermetallic reactions inside an Al-Mn metallic powder compact and its assimilation fundamentals in molten aluminum were examined. In this study cylindrical compacts were manufactured and tested. The experimental work involved simultaneous temperature measurements of three thermocouples as well as detection of the apparent weight of the cylindrical specimen during its assimilation in liquid aluminum. The details of the intermetallic reactions prior to the compact complete disintegration were investigated by microscopically studying the morphology and local composition in a partially reacted compact. The variation of manganese concentration in the melt was determined by chemically analyzing the samples taken from the molten aluminum at specific time intervals. The exothermic reaction increases the compact's temperature above that of the liquid aluminum. In tandem with this exothermic reaction, the compact is suffering a swelling action. This swelling action disintegrates the cylindrical specimen, which is assimilated into the liquid aluminum. The intermetallic reactions proceed in a stepwise manner. Both the bath temperature and the compact composition impact on the exothermicity of the intermetallic reactions. However, when the amount of Mn in the compact is greater than 75-wt%, the maximum centerline temperature rise is slightly reduced as Mn amount increases.

Jan 1, 2004

By J. U. MacEwan

THE basis on which the modern metallurgical industry is operated is the endeavour to attain maximum return in purchasing power for the least expenditure of energy. This has always been the general objective of the industry, as of all industries. In recent years, however, it has received a new emphasis. Today, as never before, increased attention is being directed to the detailed study of plant operations and the application of scientific knowledge and of business principles in order to achieve the maximum efficiency. This new emphasis is the result in large part of the new problems and conditions with which the industry has been confronted, chief among which are the following: (l) Development of new ore-bodies and the treatment of complex ores. (2) Necessity of achieving a greater degree of purity in some of the metals in order to meet the newly discovered demands for some of the industrial metals. (3) Discovery of new markets for many of the metals, either in pure form or in the form of alloys. ( 4) Change in values, absolute or relative, of some of the important metals. (5) Increasing scale of investment in expensive plant and equipment, which makes imperative most efficient utilization if total unit costs are to be kept to a minimum. (6) Increasing scale of operations in some important branches of the industry, which also makes essential maximum efficiency in organization, administration, and operation. The success with which the metallurgical industry has met the problems created by these changing conditions has been due primarily to the following factors: (1) Results of research and experimental work carried on by universities, government laboratories, and many private corporations in the industry itself. (2) Closet study of every detail of plant operation, both from the technological and from the economic point of view, with the object of increasing plant efficiency. (3) Interchange of information and experience amongst the operating companies. It is only by the concerted efforts of numerous investigators and experimenters that the underlying fundamentals of plant operations can be learned. The exchange of results permits their easy assembly and correlation with maximum benefit to the whole industry. Unnecessary duplication of research and experimental work is avoided and the industry as a whole is able to reap the fruits of this work with the maximum of-speed and efficiency. (4) Advances made in recent years in so-called 'scientific management' in industry as a whole and the application of the principles learned to the metallurgical industry. A review of the modern trends in extractive non-ferrous metallurgical processes illustrates the afore-mentioned new conditions and problems, and gives some idea of the methods by which they have been and are being surmounted.

Jan 1, 1937

By N. A. Warner

Virtually zero gas emission smelting is promoted as a means for securing environmental advantages and the general public’s acceptance. Concerns about climate change will increasingly make it more difficult for new primary metals projects to come to fruition unless greenhouse gas emissions are decreased. Assuming a sustainable market for sulphuric acid is not locally available, the next best option is high temperature reaction of strong SO2 with limestone or dolomite. This is followed by CO2 liquefaction and disposal either underground or in the deep ocean. The Voisey’s Bay nickel project is cited as an example where appropriate location of a new smelter close to large dolomite or limestone deposits would lead to a virtually zero gas emission operation. Most of the electrical energy required for producing technically pure oxygen and for liquefying CO2 and transporting it to disposal can be derived from smelting a bulk sulphide concentrate and then reacting SO2 at high temperature. Provided the smelter gases are properly cleaned before sulphur fixation, the sulphated stone should be uncontaminated and environmentally benign and possibly of use in the building and construction industry.

Jan 1, 1999

By Lorrie Fava

Two needs in the mining industry, to enable overall process improvements, are open systems and network connectivity in underground mines. The Pando project, a collaboration between Symboticware, Vale and Xstrata Nickel, and supported by CEMI, addresses these issues, and leverages the solution platform to deliver intelligent applications. An open system is one that uses publicly available standards for its key interfaces. Vendor-neutrality and ease of information flow are two main benefits that result from the use of open systems. By facilitating the interoperability of systems, open systems allow information to be available when and where it is needed for decision support. Network connectivity in underground mines is typically limited, with hotspots in strategically chosen areas that are relatively static. Mobile equipment moving through a mining work cycle experiences intermittent connectivity; in this situation, seamless remote equipment monitoring is impossible. The Pando project establishes an open technology platform, adhering to the IREDES and OPC UA standards. It enables the collection and integration of information generated by mobile equipment? seamlessly while there is a network connection, and as a store-and-forward gateway to manage intermittent connectivity. The platform capabilities are leveraged to support embedded intelligent applications. This open platform, the SymBot, is a rugged hardware and software device. The platform complies with open standards for industrial automation and systems interoperability. The SymBot platform is capable of providing advanced real-time decision support at the device level, and is designed to be remotely configurable. Applications being developed through the Pando project include engine monitoring, a dynamic load weighing system, machine location monitoring and automated activity monitoring including production and maintenance reporting.

Oct 1, 2010

As land resources decrease, commodity prices increase, and technology evolves, deep sea mining is becoming a viable alternative to meet the increasing demand for minerals. Successful deep sea mining operations are built on sound identification of the resource, proper selection of equipment, a thoughtful production plan, and good project management. These four key activities can be further optimized by analyzing how the spatial variability and uncertainty of the ore body properties impact the final mining operation. To address this problem, IHC Merwede is in the process of developing a risk quantification framework in the context of deep sea mining, which makes use of state of the art geostatistical simulation methods and transfer functions to quantify geological uncertainty and translate it into decision or project risk. The paper introduces the Local Average Subdivision method (LAS) for generating simulated models of the deposit and presents a new extension to incorporate point measurements of geotechnical or ore grade properties. Due to its computational efficiency, the presented method is suitable for simulating largely extended sea floor deposits. The second part of the paper illustrates, through example case studies, the significant benefits of a risk based approach which translates geological uncertainty into financial or operational performance indicators. In particular, the focus is on assessing financial project risk and on the design optimization of the deep sea excavation equipment by analyzing cutting forces, specific energies, and power requirements.

Aug 1, 2013

By Jamel Sgaoula

During 1998 COGEMA Resources Inc. announced that operations at the Cluff Lake mine will be suspended indefinitely by the end of year 2000 as a result of deteriorating uranium market conditions. To remain profitable, Cluff Lake mine started an aggressive cost reduction program. A cost reduction team was formed to look for ways to lower production costs. The focus of this team was to screen all areas and to come up with ideas to improve the economy of the mine and ensure the viability of the operations over the remaining three years of operations. Among the areas where significant savings were achieved are: (1) replacement of portion of cement with fly ash in backfill; (2) backfill optimization; and (3) new shotcrete plant installation on site for bulk in-house shotcrete production. This paper details the research work carried out by Cluff Lake mine on these projects and results of its application.

May 1, 2001

By Tony Breuer

Can international development NGOs and the mining industry find common ground and work together in the Third World? The Canadian Hunger Foundation/PARTNERS in Rural Development (CHF-PARTNERS) has, over the past forty years, implemented more than 800 rural community development projects in some 38 countries of Africa, Asia, and the Americas. Working with or for the Canadian mining industry offers both opportunities and risks. We can help a mining company ensure that the workers, their families and communities share adequately in the economic and social rewards from a mining operation in their area. We can contribute to the provision of sustainable livelihoods when an operation winds down. The company?s reputation as a good corporate citizen can be enhanced. On the other hand, mining companies and NGOs have generally very different values and missions. The risk of misunderstandings from conflicting motives and work practices is correspondingly high. Both partners must state their values and expectations clearly at the start of collaboration. The NGO must ensure that the company abides by acceptable ethical standards. It must not directly or indirectly subsidize a private company from its charitable donations. The mining company must satisfy itself that the NGO has the capacity, resources and experience to produce the results expected.

May 1, 2001

By C. E. Baltzer

This paper highlights the electric power situation in Canada, and introduces brief explanation of the salient differences between electrical practice in the United States and Canada. The availability of bask energy in the two countries is touched on, also the hydro versus thermal outlook as applying to Canada. De-v2lopment of thermal-electric power is dealt with in some detail, followed by Canada's thermal-electric power requirements, present and future. The fuel requirements for steam-electric generating plant are assessed on the basis of a survey recently made, and the location and size of the major thermal plant operations are given. Fuel contractual obligations on the part ?of suppliers and consumers are mentioned. Finally, an opinion is expressed in regard to the types of f.uel in ?demand on a regional basis with emphasis on the need for coal in the several areas dealt with.

Jan 1, 1958

By MaryAnn E. Crichton, David G. C. Clarry

"Environmental risk is becoming more important in debt and equity financing decisions in the mining industry worldwide. Demonstration of good environmental management practices and management systems has a direct impact on the ability of mine developers, operators and investors to raise financing. Based on experience in providing due diligence services, there are a number of factors that are important in assessing financial risks related to environmental issues in either new projects or existing facilities. A frame-work for understanding the importance and priorities of each element of environmental management is presented.IntroductionIn the context of lending money to a corporation, environmental issues represent another aspect of credit risk (Henry, 1989). These issues, because of their nature, represent the potential for large unforeseen expenditures if they are not known or acknowledged and are not being proactively managed. Lenders, other investors and their advisors, are becoming increasingly aware of the potential financial impact of environmental issues. Consequently, they are increasing their requirements for environmental audits to review the environmental issues, management practices and systems when they are considering financing mining and/or metallurgical processing operations worldwide.Many banks have signed the United Nations Environment Program (UNEP) Statement by Banks on Environment and Sustainable Development. Banks in this category include National Westminster Bank, the Union Bank of Switzerland, Deutsche Bank, and the Royal Bank of Canada."

Jan 1, 1997

By R. D. Clarke, E. De Souza

"A framework for ventilation planning, with a focus on planning to the end-of-mine life, was developed for the Diavik Diamond Mine, Northwest Territories. This framework was successfully used by Diavik’s mine engineers to select a cost-effective ventilation plan that met the life-of-mine requirements. The framework achieved this result by reconciling the production plan with the ventilation plan. A set of design acceptability criteria was created and a PICK (possible, implement, challenge, kill) chart was used to quickly narrow down the generated ideas for detailed assessment and economic analysis. RÉSUMÉ Un cadre de planification de l’aérage, qui met notamment l’accent sur la planification jusqu’à la fin de vie de la mine, a été développé pour la mine de diamants Diavik. Les ingénieurs miniers de Diavik ont su mettre à profit ce cadre pour sélectionner un plan d’aérage rentable qui répondait aux exigences propres à la durée de vie de la mine. C’est en conciliant le plan de production et le plan d’aérage que cet objectif a pu être atteint. Un ensemble de critères d’acceptabilité de la conception a été créé et un tableau PICK (de l’anglais possible, implement, challenge, kill, une méthode donnant la priorité à certaines actions proposées ou à des idées visant à résoudre des problèmes) a été utilisé pour rapidement limiter les idées générées et les soumettre à une évaluation et une analyse économique détaillées.INTRODUCTION The Diavik Diamond Mine, Northwest Territories, has been an underground-only operation since 2012 and has a remaining mine life of 8 years. In the first year of underground-only operations, the production rate increased from 60 kt of ore per month to more than 160 kt of ore per month. In subsequent years, this rate was continuously increased (Table 1) because the operation went through various improvement initiatives. By the end of 2016, Diavik’s total production was 0.41 Mt (+22.8%) ahead of the 2012 budget for 2016 production."

Jan 1, 2018

By E. J. Marcotte

"IntroductionDevelopments in the preparation, hydraulic transportation and placement of classified mill tailing as an effective backfill and support for mining excavations, have made feasible several advancements in mining methods that are safer and more economical. Hydraulic backfill systems have played an integral part in the development of more efficient cut-and-fill and blasthole stoping.The hydraulic transportation of tailing fill has made possible the elimination of expensive and laborious transportation, placement and spreading of gravel type fills. Also, in cut-andfill stopes, the use of hydraulically placed consolidated fill has largely eliminated the need to use extensive timbering for floors and supports, previously necessary when only gravel type, waste rock or unconsolidated tailing fill was used .Another important advantage of using mill tailing as backfill is that it decreases the need to contain a large portion of the mill solids waste in a surface disposal area and thus reduces environmental and ecological problems.Tailing Fill PropertiesConsolidated tailing fill consists of deslimed mill tailing and Portland cement. These two materials are mixed together in various proportions to form a high density slurry which is transferred underground by gravity through boreholes and pipelines. After placement underground, the water is drained off and the mixture is allowed to set. The strength of the consolidated fill is dependent on the cement content, particle size distribution and curing time. A typical tailing/ cement ratio used for bulk filling in stopes requiring vertical wall support is 30:1. Ratios ranging from 8:1 to 5: 1 are used for stope floors. High pulp densities minimize segregation and loss of cement during placement as well as reduce the amount of drainage water to be handled."

Jan 1, 1989

By Jas. G. Ross

Introduction Asbestos, a mineral known and used in ancient times, has become an article of commerce only during the life of the older asbestos miners in Quebec. The diversified uses of this adaptable substance are now numbered by the hundreds. Wherever insulation or resistance to heat may be required, asbestos, either by itself or mixed with some other material, may be employed to advantage. Regarded as a curiosity for centuries, it is now in such common use that it is familiar to all. The demand for long fibre for use in the manufacture of textiles and brake-lining, and for shorter fibre for making shingles, paper, and insulation materials, serves to support the industry of mining asbestos-bearing rock and milling the fibre from it in Canada, South Africa, Russia, Cyprus, and the United States. The commercial use of asbestos dates only from 1876, in which year large deposits were discovered in the Province of Quebec, Canada. Prior to that year a small amount of long fibre amphibole asbestos was produced in Italy. Occurrence In Canada In the Eastern Townships of Quebec, along the line of the Quebec Central railway, is an area of serpentine rock. It extends westerly into Vermont and easterly to Gaspe. A part of it, the section from Danville to East Broughton, contains areas in which occur deposits of commercial asbestos fibre of the chrysotile variety. Pits have been opened on some of these deposits at Danville, Coleraine, Black Lake, Thetford Mines, Robertson, and East Broughton. Thetford is distant 68 miles from Quebec city, East Broughton lies 25 miles to the northeast of Thetford, while Danville is 45 miles to the southwest of Thetford.

Jan 1, 1927

By W. E. Kuhn

Introduction The work, of which some of the results are described in this paper, was started with the object of investigating the properties of certain binary alloys of titanium made from powders. Our main interest was in the possible use of such alloys in gas turbines. We were attracted to titanium, as have been others, by its high melting point (I,724° ± 11°C.), its low density (4.54), and the likelihood that, if a relatively wide use could be found for the metal, it might become available in commercial quantities at a fairly reasonable price. The readiness with which the metal reacts with hydrogen, oxygen, and nitrogen was recognized from the very beginning. At the same time there seemed a good chance that alloys could be produced which, because of the formation of protective films, would resist the attack of these and other corrosive agents. No specifications were drafted to cover the 'quality' of the titanium hydride powder which was used in our work and which was, to judge by the results of a few preliminary experiments, the most useful source of titanium then (1944) available in sufficient amount for our purpose. During the course of our work, the need for such specifications became very clear (see Sections 9 to 12 of this pa per). Even today, lack of knowledge regarding the effects on titanium of impurities, some of which may later be looked upon as essential elements in commercial alloys of titanium, and difficulties in manufacture, make the preparation of specifications for commercial titanium and titanium compounds a doubtful procedure. The papers presented at the 1948 Symposium on Titanium, sponsored by the U.S. Office of Naval Research lend colour to this view. At the time our work was commenced, one had to depend upon the manufacturer to supply what he considered to be his 'best' material. It may be some time before we can ask for more than this, the question as to what is his 'best' being left to the manufacturer to decide. However, in this connection the results of our study may be of some value and on that account we are constrained to publish them.

Jan 1, 1950

By K. J. R. Ford, Botz. M. M.

Porphyry copper ores are frequently a source of low-grade gold ore, but gold in these ores is often associated with significant levels of cyanide-soluble copper. Cyanide leaching of such ores increases flowsheet complexity and operating costs, and requires thorough planning to satisfy environmental requirements for tailings disposal and mine closure. This paper presents a review of the chemistry of cyanide leaching of gold-copper porphyry ores, carbon adsorption phenomena and means of removing base metals from leach solution. The primary economic drivers behind the processing of such complex ores are also analyzed.

Jan 1, 2011

By G. E. Veins

This paper summarizes an investigation in which beneficiated ilmenite ore was smelted in a continuous, three-phase, 250 kv.a., open-top electric furnace. Minus %. inch ore was smelted, using the standard method. Fine ore, in the order of minus 14 mesh, was smelted in the briquetted form by the open bath method, and in the unagglomerated form by the cold dry-top method. The latter was shown to be superior. The data obtained .are discussed at some length. During the investigation, slag aver-aging 82.5 per cent Ti02 was produced over a period of 87 hours, the maximum being 85 per cent. Such slag should .be particularly attractive for the production of titanium tetrachloride, from which titaniurn metal is produced. The advantages of using paper-mill bark for producing a furnace charge of low bulk density, as required in cold dry-top smelting, were emphasized.

Jan 1, 1957

By M. W. Airth

ON THE 6TH JULY in the year 1953 an announcement was made to the public that touched off one of the greatest staking rushes in the history of mining in Canada and resulted, in tl1e space of a few short years, in the development of the greatest reserves of uranium-bearing ore in the world. It was ?On this date that the famous "Blind River back-door staking bee" was completed with the acquisition of some 2,000 claims by the Preston East Do me-Technical Mine Consultant teams under the direction of Mr. Franc Joubin and Mr. Robert C. Hart. That story has been told from coast to Coast and is too well known now to re-quire elaboration. Suffice to say that, in the short elapsed time of less tl1an five years from that momentous summer of 1953, three of the Algoma mines are in full production, three more are rapidly nearing full production, five more 1are approaching the production stage, a new hard-surfaced highway, 108, has been built to serve the area, and a brand new, completely planned city, Elliot Lake, is being built to provide the amenities of living to the 22,000 people already in the area.

Jan 1, 1958

By J. Weyer

"Threshold limit values (TLVs) for NO and NO2 have been reduced drastically in 2016. Emissions of diesel engines have been reduced in the last decades. In many cases this is not enough to stay under required TLVs. Remaining gas in the blasted rock is set free during loading and transport. At the end, only a combination of measures with a further reduction of diesel motor emission, replacement of diesel driven vehicles by electric equipment, new explosives with reduced NO and NO2 production, changes in the organization and effective ventilation measures can ensure that the TLVs are not exceeded. KEYWORDS Blasting fumes, Gas measurement, Gases, Threshold Limit Value (TLV) SHORT HISTORY OF EXTRACTION OF RAW MATERIALS The extraction of raw materials—besides haulage and transport—is one of the main processes in mining and tunneling. The principal objective is the creation of a material which can be transported from the place of extraction (face) to another place for further processing or direct use. Furthermore, recently a desired grain size distribution has become more important. A revolutionary development took place in the course of centuries. With the use of primitive tools like shovels, chisel and iron in the 12th/13th century in Freiberg, ore mines performances of 12 16 cm per man and week could be reached in cross section of 1 m2. Recalculated with an assumed average density, this is a performance of 0.006 t/h. With the introduction of black powder into the subsurface in 1627 by Caspar Weindl in the city of Schemnitz (nowadays Banska Stiavniza), performances increased. A part of the hard extraction work was now done by the explosives. But first in 1767, it was recognized in a mine in Freiberg that more than 1 hole could be drilled (hand-drilling) and blasted. This discovery was so important that a plate with an inscription describes this event. The performance was increased more than 10 times compared to the extraction with chisel and iron. Since this time, drilling and blasting has been the most important innovation force for the increase of the performance. Problems with noxious blasting fumes led to the construction of the first tunneling machine by Henry Joseph Mouse in 1846 (beside shield machines from 1825) (Stack, 1982)). The triumph of mining machines started only interrupted by the two world wars. The development of hard rock boring machines (including roadheaders) was enforced after 1945. An almost complete extraction by hard rock boring machines was predicted for the turn of the millennium. And, indeed, one could find powerful machines in Canadian potash mines which were able to mine 1000 t of potash in 1 hour. That was an increase in the performance by several powers of ten. But already in the 1980s, it was recognized that the ambiguous goal could not be reached. Problems with wear of the tools, radius of curves, minimal length of openings, size and costs of the machines led to a more or less parity between drilling and blasting on one side and machines on the other side, of course depending on the field of use. For this reason, drilling and blasting is still the dominant extraction technology for raw materials. In the development of drilling and blasting technologies, the focus was mainly on the improvement of the safety but also on the increase of the blasting power and performance. Examples are tests for the increase of the power of ANFO explosives which were carried out in the 1970s and 1980s, in the former teaching mine “Reiche Zeche”. In the 1980s vehicles for loading and mixing of ANFO explosives have been developed, the blasting cab sensitivity of ANFO has been increased, emulsion explosives have been developed and up to now further developments like PMMA LOX EX explosives are on the way. At the turn of the millennium, 6 million t/a explosives have been used worldwide. Annual rates of increase of 2% have been predicted (Weyer, 1999). Meanwhile the focus changed from an increase of the performance"

Jan 1, 2019

By Y. Duna

The reliability of mine ventilation systems is critical to normal and safe production in a mine and includes reliability of the following parts: ventilation system branch (or passage), ventilation structures, ventilation network, and the fan. Among these, the reliability of a ventilation branch may be considered the foundation of the whole ventilation system. The branch ventilation flow includes four parameters: air volume; toxic and hazardous gas concentrations; temperature, and dust concentration. The calculation model for the reliability of a branch was established based on the analysis of normal distribution of flows in any one branch. Then, the efficiency of the ventilation structures and fire risk compromising the reliability of branch was studied. The results obtained were as follows: if the air volume, toxic and hazardous gas concentrations, temperature and coal dust concentrations of the branch are within reasonable limits, set at any stable state and at the same time, then this branch is reliable.

Aug 1, 2013

By J. S. Roper

"IntroductionSNOW LAKE is situated in northern Manitoba at latitude 54° 55 and longitude 100°, 400 miles northwesterly of Winnipeg, 80 miles northeast of The Pas, 80 miles east of Flin Flon. A 38-mile road from Wekusko, on the Hudson's Bay railway, serves the community.The mine is located in and close to the southern edge of the Precambrian Shield in typical low-relief muskeg and lake country.The Howe Sound Exploration Company, Limited optioned the property from Nor Acme Gold Mines, Limited, after preliminary diamond drilling had outlined two orebodies of low-grade arsenical gold ore.Following the examination and study of geological data and of 50,000 feet of diamond-drill core, and metallurgical tests made during 1942 to 1945, a decision was made to develop the mine and build a 2 ,000-ton mill concurrently. This development has been described by G. C. Lipsey in a paper entitled The Development of a Mining Operation from Diamond-Drill Data which was published in the August. 1952, issue of Mining Engineering.Geological Features of the OrebodiesThe orebodies at Snow Lake occur in volcanic rocks of acid to basic composition and, to a lesser extent, in intrusive hornblendite. The hornblendite is a massive, uniform, .coarse-textured rock except in the immediate vicinity of the ore zone, where it becomes sheared and carbonatized. The acid volcanics have been converted to quartz-garnet-biotite gneiss, and the basic volcanics to amphibolite gneiss. Orebodies have been formed by the replacement of all three rock types."

Jan 1, 1955

By William E. Roscoe

"Mineral exploration properties are those on which an economically viable mineral deposit has not yet been discovered. Such properties are bought, sold, optioned and joint ventured on the basis of their perceived potential for the existence and discovery of a viable mineral deposit. The intrinsic value of an exploration property is therefore based on the exploration potential. One measure of the exploration potential is the amount that can be justified to spend on exploration for a viable deposit.The appraised value method uses a cost approach to value exploration properties. It is based on the premise that an exploration property is worth the meaningful past exploration expenditures plus warranted future costs to test remaining exploration potential. Results of past exploration work are analyzed in order to retain only those past expenditures that are productive in terms of identifying remaining potential. Warranted future costs comprise a reasonable exploration budget to test that potential.INTRODUCTIONThe purpose of this paper is to describe a cost approach to the valuation of mineral exploration properties and to provide some valuation examples. The particular cost approach described is the Appraised Value Method, which is best applied to mineral properties at the exploration stage.At present there are no comprehensive regulations or guidelines in Canada which specify what approaches and methods to use for the valuation of mineral properties. In this paper, the Appraised Value Method described is one method that the writer considers to be accepted industry practice for mineral properties at the exploration stage.Mineral properties are valued for a number of reasons, including mergers and acquisitions, non arm's length transactions, pricing of initial public offering of stock, support for property agreements, litigation, expropriation, and insurance claims."

Jan 1, 2003