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By Lawrence Devon Smith

"The concept of risk is well established in the mining industry. It is acknowledged when estimates of reserves are expressed as proven or probable, when mining and metallurgical recoveries are applied to the ore, and when contingencies are added to costs. However, it is difficult to provide a quantitative assessment of risk. The significant sources of risk in a mineral project and how these are addressed in project evaluations are discussed. The discount rate is examined as a fundamental means of reflecting risk in discounted cash flow evaluations. Current industry practice is discussed, and a methodology for the analysis of risk levels is proposed that assesses the constituent components of the discount rate: real interest, mineral project risks, and country risk.IntroductionThis paper examines the components of the discounted cash flow discount rate and proposes a method of estimating project-specific discount rates. The motivation for this work comes from experience of project evaluations in which owners and purchasers had agreed on virtually every aspect of the evaluation except how much the project was worth. Agreement was reached on reserves, grad~, recovery, capital costs, operating costs, taxes, and, by combining these components, even on the fmal cash flow values. The only difference in opinion concerned the discount rate to be used in the calculation of the net present value. Depending on the life of the project, such differences of opinion can cause a variation of more than 50% in the value placed on a project! This is illustrated in Figure 1."

Jan 1, 2003

By CIM Mineral Resource, Mineral Reserve Committee

These Leading Practice Guidelines for Mineral Processing (LPGMP) were prepared by the Sub-Committee on Leading Practice Guidelines for Mineral Processing. The Sub-Committee reports to the Executive Committee of the Canadian Mineral Processors (CMP) which is a Technical Society of the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM) and incorporates those members of the CIM who are concerned with the processing of mineral deposits. The LPGMP covers the involvement of mineral processing professionals, referred to as Practitioners in this document, in providing inputs to the estimation of Mineral Resources and Mineral Reserves and providing technical content for internal reports as well as public reports on mineral projects as required under National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The LPGMP supplement the CIM Exploration Practice Guidelines (2018) and the CIM Estimation of Mineral Resources and Mineral Reserves Practice Guidelines (2019) which are referenced in Companion Policy 43-101CP to NI 43-101 and recognized internationally. The LPGMP consist of 3 sections: • Principles of Process Support in Mineral Resources and Mineral Reserves Estimation; • Appendix A – Use of Supporting Studies in Process Evaluation and Assessment for NI 43-101 Documentation; • Appendix B – Glossary of Terms Relevant to the LPGMP. The LPGMP deal primarily with the description of leading practice as it applies to the mineral processing and extraction of base metals, precious metals, and other mineral products by the application of mineral processing technology. Other commodities may be considered with future updates of these guidelines. It is expected that this is a ‘living’ document and that these guidelines will develop in the future to address the requirements of the mining industry, investing public, and mining professionals involved. Clarifications and changes to these guidelines will be done under the guidance of the Executive Committee of the CMP.

Nov 25, 2022

By Peter Rubie

For many years, optimising the relining of hard rock grinding mills has been complicated by: ?? the large number of variables; ?? the low frequency of relines (slow feedback loop); ?? the potential economic risk associated with some changes. A technology that has its roots in the automotive manufacturing industry is being utilised to construct a statistically accurate, configurable, and dynamic simulation of the mill relining process. The effects of various mechanisation and process changes can be rapidly modelled and compared. This technology will provide mill maintenance managers and contract relining companies with the opportunity to benchmark current performance against world?s best practice. It will also provide an opportunity for concentrator plant designers and mill manufacturers to plan for maximum plant efficiency, by designing an infrastructure and equipment combination that maximises annual plant availability. This simulation tool and its associated data set, has been developed using recent grinding mill performance data from mills of varying dimensions, liner configurations, mill relining equipment, operator and tool variables. The simulation will provide an output that the various stakeholders can utilise to make optimal decisions within the given financial, physical and technological constraints of the individual concentrator plant.

Jan 1, 2012

By J. A. Ressinger

"The purpose of this paper is to discuss some of the differences between various methods of excavating and loading as they relate to mining operations. The intent is not to provide ""pat"" answers, but instead to raise some questions and set forth some reasonable guidelines.Specifically, the paper deals with the differences and relative merits of power shovels versus rubber-tired front-end loaders - or, carrying this further, comparing what could be called ""stationary"" loading or excavating devices to ""mobile"" types."

Jan 1, 1972

By A. F. Matheson

The St. John Del Rey Mining Company, Limited, is an English company owning 150 square miles -of mining lands near Belo Horizonte, Minas Geraes, Brazil. The area is 2,300 to 5,000 feet above sea level, with a pleasant and healthy climate. Bedrock is Precambrian. The Nova Lima series of metamorphosed sediments and some volcanics is overlain uncomfortably by the Minas series of quartzites, itabirites. etc. Batholithic granite and gneiss cut both series and basic dykes cut all these rocks. There are important deposits of gold, iron, and manganese on the Company's holdings, as well as occurrences of arsenic, antimony, cobalt, nickel, dolomite, day, quartz, -ochre, bauxite, kyanite, and asbestos. Except for gold and consequent recovery of arsenic, all the other materials are relatively unexploited. The Company operates the Morro Velho gold mine and the Espirito Santo and Raposos gold mine. The Morro Velho mine was purchased in 1834 for £56,000. To the end of 1952 it had produced 7,000,000 troy ounces of gold from 15,000,000 short tons of ore. The ore z?ones are replacement deposits in a sinuous siliceous dolomitic rock locally termed "lapa seca," and plunge east, near surface at 45 °, at 8,000 feet at 15°. The ore minerals are pyrrhotite, arsenopyrite, pyrite, and chalcopyrite. Gold is finely distributed and almost nowhere visible. Ore reserves at the end of 1952 were estimated at 5.5 million short tons grading 0.39 oz. gold per ton. Chances exist for new ore within the mine area. The Espirito Santo and Reposos mine, in folded banded iron formation, has mineralization similar to Morro Velho but sulphides are less abundant. The mine to a depth of 2,500 feet has estimated ore reserves of 1.5 million tons of an average grade of 0.28 oz. gold per ton. New ore may be expected both laterally and at depth. To the end -of 1952, the ?Company had paid dividends of almost £4,- 600,000, largely earned from the operation of the gold mines.

Jan 1, 1956

The extractive industry has the potential to impact the health and well-being of workers, families and surrounding communities. In the current environment of social performance, project planning considers that activities should be conducted in the best environmentally, socially and economically acceptable way across the development cycle (i.e. from exploration ? post-closure). In this context, health impacts of mining can be mapped and extend over the Life of the Community and can encompass worker injury and disease, exposure to communicable and non-communicable diseases, and health outcomes specific to family and community health and well-being outside the fence. To contribute to an emerging field focused on Health and the Extractive Industry, this paper reviews and compares health activities extracted from social and environmental reports published by selected major mining, oil and gas companies with operations in Australia and Canada. The objective of this review is to map corporate approaches to public health management across our previously developed Life-of-Mine within Life-of-Community (LOMLOC) framework in order to identify and compare trends and behaviour in corporate health investments across the project cycle, as well as identify the level of prevention targeted by this investment activity (i.e. primary, secondary and tertiary prevention of detrimental health impact). With the extractive industry facing ongoing rapid growth worldwide, this paper provides preliminary comparative information about corporate health spending by some companies in Australia and Canada. This information serves as a resource for minerals industry managers, civil society and regulators regarding current health management approaches in this sector.

Aug 1, 2013

By H. O. Seigel

Induced Polarization includes many types of dipolar charge distributions set up by the passage of current through consolidated or unconsolidated rocks. Among its causes are concentration polarization and electrokinetic effects in all rocks and the phenomenon of Overvoltage in rocks containing electronic conductors such as metallic sulphides and graphite. In normal rocks the polarization effects may be usually con-fined within relatively narrow limits and any large departures may be at-tributable to the presence of electronic conductors. In practice, Induced Polarization is measured in one of two ways. In the first a steady current of some seconds duration is passed and abruptly interrupted and the slowly decaying transient voltages existing in the ~round are measured after interruption. This is known as the "pulse", "transient", or Direct Cur-rent Induced Polarization (D.C.I.P.).The second method entails a comparison of apparent resistivities using sinusoidal alternating current of two or more frequencies, generally within the range of 1/10 to 10 c.p.s. Induced Polarization extends the

Jan 1, 1962

By Mike Smith, George Chung

"A 23 million dollar Flotation Plant has been commissioned at the Iron Ore Company of Canada in 1998. Nine OK-50 cells &re used to float silica in this 1,400 tomes per hour plant. The paper details project development, construction and operating results. This plant gives IOC the capability to produce not only high quality blast furnace pellets of varying silica, CaO and MgO levels, but also a high iron, DR grade pellet. The first activity was simply to sit down with the suppliers, Outokumpu, Wemco. GL&V and Svedala, to discuss applications and share experiences. We learnt what each supplier had to offer, what features would particularly suit this application, what options were offered, what were the materials of construction, how the equipment is maintained, which wear parts require replacement, etc., etc. We tried to learn as much about the equipment as the suppliers themselves knew. Then we tried to learn more: we contacted users and asked about any weak points, which options were worth incorporating and which items were not. We then discussed these points with the suppliers and established how potential problems might be overcome."

Jan 1, 1999

By S. Nikolic, H. M. Henao

"There is renewed interest in the improvement of existing copper smelting processes and the development of new technologies. It has become clear that further accurate information on slag properties, in particular, on phase equilibria are required in order to optimize these processes. It is in this context that improved experimental research methodologies have been developed specifically to provide information on phase equilibria at the oxygen partial pressures encountered in copper smelting practice. The methodology involves synthetic slag equilibration at controlled gas atmospheres, quenching and measurement of compositions of phases with an electron probe X-ray microanalyser (EPMA) with wavelength dispersive detectors (WDD). Application of modem analytical tools and careful design of experiments greatly improve accuracy of determination of phase equilibria in complex, multi-phase slag systems. New experimental data on phase equilibria for the copper smelting and converting silicate slags at controlled oxygen partial pressures in the temperature range between 1200°C and 1350°C in the ""Fe0""-Ca0-SiO2 system and in the ""Cu20""-""Fe0""-Ca0-Si02 system in equilibrium with metallic copper are reported, and differences between various data sources are analyzed."

Jan 1, 2007

By W. E. Segsworth

Introduction By far the largest part of the money raised for mining is raised by honest and legitimate means; but a not inconsiderable amount is raised by fraudulent sales methods. It will be conceded without argument that the greatest menace to the mining business is the fraudulent promoter. The sale of worthless mining stocks to the public by high-pressure. salesmen, house to house canvassers, telephone campaigns, fraudulent use of the mails, fraudulent statements, and reloading, has seriously prejudiced the public against even legitimate mining. A very small percentage of the funds raised by such fraudulent means is ever spent on the property, but instead is absorbed by the promoter in illegitimate' profits, enormous commissions, high office rents, and other expenditures, and is just so much subtracted from the fund which the legitimate developer needs to bring new mines to the point of production. The mining fraternity has been at fault in that, while they recognized this situation, they made no adequate attempt to rectify it. They knew that these fraudulent practises were conducted by parasites who attached themselves to the mining business in boom times and claimed to be part and parcel of it, but who were merely professional salesmen and promoters who, when there was not a mining boom, were selling sky-line real-estate, worthless oil stocks, or fraudulent securities which happened to be popular with the public. While mining people had this distinction well in mind, the public did not differentiate between the crooked promoter temporarily selling fraudulent mining stock and the honest promoter who made mining finance his life work; and we did little to make this distinction clear to the public or to sweep these money grabbers out of our house. The historic boom of 1927-8 and '29 brought with it the usual crop of crooked mining promoters, and the scandals resulting from their operations forced the Governments into the enactment of laws to attempt to protect the gullible public against the operations of these meanest of thieves and to appease public clamour.

Jan 1, 1934

By W. B. Timm

Introduction In preparing this paper on Recent Developments in Gold Milling Practice, the idea occurred to me that possibly the best way to deal with the subject would be to take you in thought on a visit to the principal gold mining camps of the Dominion, starting at the east and finishing up in the west, and noting, as we go, the outstanding improvements that have been made in the last few years in the practice of gold milling. Before beginning this tour, I desire to emphasize the debt this country, and particularly our mining industry, owes to that body of trained and experienced men, little heard of, but who, working quietly on their problems, are responsible for these improvements. The metallurgists, to whom I refer, have solved many difficult problems for the mining industry, in connection with the treatment of our complex ores; for instance, the silver-cobalt ores of the Cobalt district, the gold ores of the Porcupine district, the gold-telluride ores of the Kirkland Lake? district, the copper-gold ores of Noranda, the arsenical-gold ores of the Beattie mine, the copper-zinc ores of Flin Flon, and the lead-zinc ores of Kimberley. In doing so, they have maintained the high technical standards of the profession, and the practices thus evolved are noteworthy for their high degree of efficiency. When the price of gold increased from $20.67 to $35.00 an ounce, what had formerly been thought to be a low tailing became almost an ore, so that the metallurgists are now busily engaged upon the problem of putting this railing back in its proper place of being a tailing once more, or from its value, at the present price, of anywhere from 50 cents to a dollar or so per ton, to a few cents per ton. Owing to the changing prices of the metals in the world's markets, still greater improvements in metallurgical practices are imperative. An important contributory factor towards improvement in ore dressing is the aid furnished by the microscope in the examination of ores and mill products. By making possible the determination of the mineral constituents of the ore, their association, and grain size, it gives the investigator a knowledge of his problem, before he does any actual test work. In the Mines Branch laboratories at Ottawa, its use has enabled us to predict how an ore should respond to various methods of treatment.

Jan 1, 1935

By N. M. Stubina, P. J. Lind

Barrick Gold is in the process of building several new mines and implementing new processes at existing mines for which metallurgical technology is of key importance. The roles of the company's Strategic Technology Solutions team and the Barrick Technology Centre are discussed within the context of their responsibilities within Barrick's Operations Support group. The paper will present an overview of the development of the technology centre from the former Placer Dome Research Centre to its current form supporting strategic technology, capital projects, and operating sites. Novel approaches to research and development will be presented as well as an overview of some of the technologies developed from bench-scale to pilot-scale, and beyond.

Jan 1, 2011

By Xiaoqiong Wang, Daobing Wang, Fanbao Meng, Jianbo Wang, Hongkui Ge

"Shale gas has become an important unconventional oil and gas resources. Its effective development relies on comprehensive and accurate understanding of shale gas reservoirs. Rock mechanical properties is one of the important components of reservoir evaluation. Two adjacent black shale samples, which are cored from the depth of 1145 meters in Chongqing, southwest China, are subjected to acoustic emission(AE) test under uniaxial stress and compared with coarse grained granite. The results of synchronous AE, stress-strain and ultrasonic velocity experiments show that shale has weak anisotropy. Compared with granite sample, two shale samples are similar, but their strength, velocity and brittleness are quite different, indicating that shale has strong microscopic heterogeneity. TOC, XRD, SEM microstructure analysis show that total organic content, mineral composition and natural fractures are the main impacting factors for mechanical heterogeneity. INTRODUCTIONShale gas is a typical low-grade marginal resource, which is characterized by ultra-low matrix permeability and small single well control volume. In order to enable commerical development, complex hydraulic-fracture networks must be created in the shale to allow gas to escape from the micro/nano-pores and natural fractures where it is trapped in the rock (C. Clark et al.,2013; Ge et al., 2013). The development of shale gas requires accurate evaluation methodologies to evaluate shale reservoir properties and predict production. (Jarvie et al., 2007). Rock mechanical properties are an important part of the reservoir evaluation. It is significant for efficient drilling, completion and hydraulic fracturing to understand mechanical behavior of shale gas play (John, 2011; Wei, 2013).Rock mechanical properties mainly include heterogeneity, anisotropy, brittleness and acoustic emission activity (Lockner et al., 1992; Jerome et al., 2009; He et al., 2010; Liang et al., 2012). Shale mechanical properties are evaluated from laboratory tests following a complex workflow that covers tasks from sampling to testing (Md. Aminul Islam et al., 2013). It is common to include various experimental methods such as stress-strain curves, ultrasonic velocity and acoustic emission when evaluating the mechanical properties (Rao et al., 2006). Because of the presence of organic-rich matter, mineral composition orientation and natural fractures, shale tends to have strong anisotropy and heterogeneity (Deng et al., 2004; Wang et al., 2013; Hathon et al., 2013)."

Jan 1, 2015

By Paul Graham

Presentation Focus ? What is LTUG / What do we do? ? History of LTUG ? Examples of Benefits from LTUG Participation ? Encourage Participation What is LTUG? ? An informal gathering of surface mining companies to discuss and work issues of common interest and to share information and best practices around large tires.

May 1, 2008

By Gordon Jackson

"There are two accomplishments of air and gas drilling: a new series of economic and mechanical challenges; and, acceptance as a standard drilling and completion tool.The new challenges are related to the concept of using a gaseous circulating medium in drilling for oil or gas. For purposes of discussion, a two part division has been made: the challenge of fluid invasion control and that of equipment and tools. Great strides have been made in the development of materials and techniques to combat formation fluid invasion. Chemicals and the ""mist drilling"" technique, now in use, have the versatility to cope with a wide range of downhole fluid entry conditions.Equipment and tools have been developed to meet the challenges of better, more economic drilling and completion possible with a gaseous circulating fluid. Economic and operational challenges remain.Acceptance of air and gas drilling as a normal operating tool was reached with difficulty. It is now established as a means of reducing costs in exploratory and develop-mental well drilling, exemplified in a recent study of 226 wells covering 419,407 feet of hole in the United States. Air reached the projected depth in 85 per cent of the operations, although formation water was encountered in 48.7 per cent of the holes. Slim hole bit performance and cost all compared for overall bit averages as part of analysis."

Jan 1, 1961

By J. A. Reid

THE views and observations expressed herein on this old but constantly recurring question are our own, no effort having been made to align them with standard texts. Therefore, while they may find general acceptance amongst fellow engineers, they must stand as personal opinions and as such are open to debate and discussion. In order properly to consider the subject, it should first be 'set in proper perspective. Why are Prospects Examined? Prospects are examined to determine whether they may contain economic concentrations of metals or minerals, the legitimate mining business being run, pretty largely, to make money. Next to food and clothing, modern civilization is based on metals, with which are included in this discussion minerals, oils, and fuels. A constant and increasing demand for the common metals requires the location of replacements for depleted orebodies, while the use and appreciation of new metals brings increasing demand for them. Aluminium is a good example of a metal which has, within recent years, made great progress. Today, we are becoming increasingly aware of magnesium, chromium, tungsten, thallium, and other lesser known, metals.

Jan 1, 1945

By J. H. Starkey, P. A. Scinto

"In Canada and other countries, legislation dealing with accurate factual disclosure for mining projects is being expanded to include more metallurgical design information. Grinding characteristics, metallurgical recovery of contained metal and environmental hazards associated with tailings disposal will be part of the Canadian package. This paper will examine only that portion of the plant design standard practice that relates to grinding – in SAG mills and ball mills that grind ore from as received crushed material to final ground product that is fed to downstream plant recovery processes. Since grinding plants represent a significant portion of the overall concentrator cost, accountability in grinding design should no longer be left to chance, opinion, or hidden proprietary information. This is the 21st century. It is reasonable to expect that a factual basis will be needed so that a Qualified Person (QP) reviewing the grinding mill design can understand it. That will also involve how many and what quality of samples are taken to define the characteristics of the deposit, the accuracy of the tests used to measure ore hardness and the method by which the dimensions and power of the mills are determined. If these criteria are not met, the QP may have no choice but to call attention to the lack of convincing information regarding the grinding mill design for the project. At the same time clients are expected to demand getting the correct design information at a cheaper price, results in a more timely way, and accurate design to the point where the risk of tonnage shortfalls are reduced or eliminated.Tables will be presented to show how this can be done to current standards using existing technologies. At the same time it is acknowledged that current standards are ill-defined and that to achieve consensus among those involved in SAG mill design work, it may require that a consortium funded project be set up to establish what tests and methods for grinding design are suitable to meet the new standards for metallurgical disclosure. By running parallel design methods on several major projects over a period of 5 years, the process of how to design grinding circuits will be better understood because the projects will start at the design stage, include procurement of the mills and will end with a benchmark test on the plant.Selecting the samples and the best schedule for doing test work on core samples submitted and mill design, will be discussed in this paper. The issue of completing the grinding design in time for early procurement decisions is on the critical path for most major projects. Discussions between mining engineers, geologists and process engineers are needed early in the development cycle, at the scoping study level (SS), preliminary engineering assessment (PEA), prefeasibility study (PFS), and at the feasibility study stage (FS), to ensure that proper planning for design sample selection is done. Using adequate sampling and testing methods in a timely way allows early procurement of the grinding mills and minimizes project risk."

Jan 1, 2012

By S. A. Ghoreishi-Madiseh

Underground mines, with their relatively high ground temperature and their extensive backfilled stopes provide a great opportunity for producing geothermal heat. The novel idea of installing a network of heat exchange tubes into stopes prior to backfill placement converts each mine stope into a heat producing battery. In this system, backfill plays the role of the heat exchange medium conducting heat from the surrounding rockwalls to the heat exchange tubes. This geothermal heat can be used for heating: mine facilities and buildings, the intake air, a close-by mineral processing plant, or even nearby communities. This paper investigates the possibility of extracting renewable geothermal energy from backfilled mine stopes by means of closed-loop geothermal cycles. To simulate realistic operational conditions a heat transfer model is developed and solved numerically. To evaluate the numerical results, a small scale physical model is constructed and the experimental results are compared with the simulation results. The study estimates the sustainable rate at which heat can be extracted from a typical underground mine stope, the resulting outlet temperature and performance of the geothermal system. The results show that mine stopes are capable of sustainably producing geothermal heat not only when the mine is active, but also after the depletion of the ore body. Therefore, an underground mine will no longer be perceived as an enduring economic liability, but as a long-lasting source of clean, renewable, and inexpensive low-grade geothermal heat.

Aug 1, 2013

By Pieter van Nierop

Outline ? What is gasification? ? Gasification Technologies ? Gasification ?The early years ? Gasification ? The last decade ? The Alberta Situation ? The Importance of Gasification in Alberta ? Polygeneration ? Development ? Conclusion

May 1, 2004

By Selwyn G. Blaylock

I.-THE HISTORY OF THE SYSTEM TO trace the history of the development of the Co-operative Committee System in The Consolidated Mining and Smelting Company of Canada, Limited, one must look backward about twenty years. In 1915 and 1916, the first years of the W ar to really affect Canadian life, there were sixteen hundred men working in the Trail plant. These men were, on the whole, a splendid body of men and pa trio tic to the core. They were almost one hundred percent organized, ninety-five percent of them be-longing to the Union of the Western Federation of Miners. Most of the tradesmen belonged to their craft unions as well. For example, there were ? local machinist, steel workers', electrician, boiler maker, bricklayer, and carpenter unions. The Company had always maintained an open-shop policy and refused to enforce membership in any union, but recognized the right of every man to belong to unions. The only exceptions have been the I.W.W. and the One Big Union. Both of these organizations have always been fought by the Company. By 1916, membership in the Western Federation being practically 100 per cent, the Company recognized this organization's authority to make agreements, and a wage and hour agreement was drawn up and signed by the Company and the local officials of the Union, and ratified and signed by the Head Office of the Union in Denver, Colorado. This agreement was for the duration of the war.

Jan 1, 1936