Search Documents

By J. Réal Cloutier

[Options are a natural extension of the forward and futures markets as they offer fexible method of hedging exposure. -An organized options market is preferable to the "over the counter forward markets since EGCC (EOE, ME, VSE) assumes responsibility for contract fulfillment minimizing credit risks by guaranteeing transactions. -Options ante considerably more "fexible" than the futures and forward markets, permitting prompt, precise and respected adjustment of one's exposure risk position. -The risk to the buyer of the options market is limited to the initial premium paid.]

Jan 1, 1983

By Donald H. McLauqhlin

ITEM expressed in billions of dollars have become so commonplace these day- that a mere statement of the latest figures for the country s gold reserve scarcely conveys m adequate sense of the immensity of the commitment the nation has made in building up its huge stock, two-thirds of which is now stored at Fort Knox. Kentucky. Only by measuring it against quantities that mean something tangible to a particular group can an adequate comprehension of its magnitude he rained; consequently, to mining engineers, a comparison with the value of output from well-known mining districts might best serve to give some degree of reality to the astronomical figure at which the country gold is now valued.

Jan 1, 1941

By A. Azizi, P. Blatter, A. Bouajila

ABSTRACT In-situ monitoring of gold dissolution by means of a rotating electrochemical quartzcrystal microbalance unveiled dramatic decreases in gold leaching from sulphide-rich ore after 360 minutes in an actual cyanidation circuit. Pre-oxidation was effective in enhancing gold extraction by preventing a passive film from forming on gold surfaces. This work aims to highlight efforts undertaken to determine (1) how gold cyanidation is limited by passivation, (2) what reactions and mechanisms are involved during sulphide-rich ore cyanidation, and (3) how peroxidation efficiency of an industrial sulphide ore is controlled by galvanic associations between its sulphide constituents.

Jan 1, 2013

By E. J. Wade

My subject is gold price forecasting and monitoring as an important aspect of gold marketing. While I 'm specifically addressing gold, it is understandable that many other commodities could be readily substituted. Gold marketing must be studied as three distinct processes, and it is my intention to cover each of these processes in turn. First I?ll cover the process of gold price monitoring and forecasting in some detail. In order to select a method, or combination of methods, to be used to sell gold a determination of the future price profile is essential. The profitability of the sales effort will be determined, to a large extent, by how accurately the future price behavior of the gold market has been forecast.

Jan 1, 1985

By James R. Arnold

Gold Fields Mining Corporation started processing ore from it's Chimney Creek operation in northern Nevada in November, 1987. Since that time production has averaged about 200,000 ounces per year from the milling and dump leaching circuits combined. The events that led up to commissioning of the plant started in January of 1985 when the Gold Fields exploration team drilled their first hole in an area now known as Discovery Hill. The major orebody was located later in the year in what is currently the major focus of activity, the North Pit. Subsequent drilling since plant startup has found another 14 million tons of ore two miles south of the original orebody. This South Pit orebody is currently being stripped and metallurgical testing is underway. Engineering Engineering on the Chimney Creek plant started in earnest in May, 1986. Davy McKee Corporation from San Ramon, California, did both the engineering and the construction management. Before engineering began the entire senior staff of the Plant Department was hired and assigned to the project. Senior staff included the Plant Superintendent, Plant General Foreman, Maintenance General Foreman and Chief Metallurgist. Gold Fields does not employ an internal central engineering staff to design their plants. We feel that the people who design the plant should be the ones who will be required to run it once it has been commissioned. This philosophy affords a continuous accountability from start of design through commissioning and operations. All four of the senior staff spent the most critical phase of the engineering stage at Davy McKee, so the plant is truly a reflection of all four disciplines. In bringing on the Maintenance General Foreman from the start, there was a focus placed on ease of maintaining the plant. Another philosophy that was adopted from the start was that the plant be easy to work in and maintain for both operators and maintenance personnel. Numerous design criteria were given to Davy McKee to ensure this. For example, we required that every piece of equipment could be reached easily with a crane or fork lift. All conveyors were required to have walkways on both sides for ease of maintenance and a minimum of 30 inches of clearance under them for ease of cleanup. Visibility for operators was considered very important and the control rooms and general plant layout were designed with this in mind. A list of about 100 general rules were given to Davy McKee during the early layout meetings and these were held as the general design criteria throughout engineering and construction. While engineering was progressing in San Ramon, California, dump leach test work was being done at the site. Three 6 foot diameter fiberglass columns were constructed and filled to a 20 foot height with low grade ore. Leaching characteristics were determined and the dump leach design was based on information collected from these columns. Construction The major contractors on the project were The Industrial Company for the bulk of the piping and structural, EMKO on the electrical/ instrumentation and Hunewill for most of the earth work and leach pad construction. All plant operating and maintenance personnel were employed eight weeks before startup for intensive training. Instructors were Gold Fields personnel, including foremen, and Davy McKee engineers. On occasion, selected suppliers representatives were brought in to discuss major pieces of equipment. Project completion was targeted for January, 1988 at a projected cost of 78.9 million dollars. Actual startup was about 1 1/2 months ahead of schedule and slightly under budget. Full design capacity was achieved the first full month of operation. Crushing Run of mine ore is delivered to the crusher and dumped into a 90 ton hopper which is topped with a 30" X 30" opening stationary grizzly. Ore is fed to a 50" X 60" Telsmith jaw crusher with a 5' wide apron feeder. The closed size setting of the

Jan 1, 1989

By R. Y. Wan

Recent research efforts have shown have shown selective solvation extraction of a gold cyanide ion-pair complex from alkaline cyanide solution is possible with organic phosphorus esters. These alkyl phosphorus esters such as tributyl phosphate (TBP) and di-n-butyl n-butyl phosphonate (DBBP) can selectively load gold to rather high levels, even in excess of 30 gpl. However, traditional stripping techniques are not particularly effective. In this regard, gold recovery by direct electrolysis of the organic phase has been found to be an interesting possibility. Further, the rate of direct electrodeposition from the organic phase can be improved significantly by using an aqueous/organic mixture. Direct electrodeposition of sheet gold from loaded DBBP was successfully accomplished at a current density of 8x10 4 amp/cm2 and 55°C from such a two-phase mixture with the aqueous phase as the continuous phase. No appreciable degradation the DBBP was found after 5 cycles of extraction and, electrodeposition. Finally, the applicability of the process strategy for an industrial situation was demonstrated by the successful treatment of waste gold cyanide electroplating solutions.

Jan 1, 1986

By W. F. Drinkard

Many in the environmental movement have focused on this element. But, nothing they or anyone does will change the amount of arsenic in the world. This report is on actual commercial plants that we developed and operated to recover or stabilize arsenic values from metallurgical dusts from gold and copper pyro operations and arsenical gold bearing ores. When they were available gold and copper values were recovered. Our experience in arsenic extends over thirty years. My first corporation, Mineral Research & Development Corporation was the first in North America to manufacture the then new CCA (copper-chrome-arsenic) wood preservatives. This class of wood preservatives proved to be so effective that it made wood into an entirely new material of construction. It is not uncommon for wood properly treated with arsenical CCA preservatives to last for thirty; forty, and sixty years. Over a hundred years have been projected in some field tests. Hundreds of thousands of trees have been saved. Millions more trees would have been saved had environmentalists not decided that their arsenic phobia was more important than trees. There are several variations of CCA. The most popular is CCA-C. Its formula is: CrO3 . . . . . . . . . . . . . . . . . . . 47.5% CuO . . . . . . . . . . . . . . . . . . . 18.5% As2O5 . . . . . . . . . . . . . . . . . 34.0% Until recent restrictions were placed on the consumption of arsenical wood preservatives, annual consumption in North America was about 150,000,000 lbs./yr. About 64,500,000 of arsenic as the pentoxide was safely consumed this way. World CCA consumption has been about double the above figures or 300,000,000 lbs. as 100% CCA and 129,000,000 lbs/yr as As2O5. Close to 100% of all the arsenic used in wood preservatives is derived from gold or copper processing. The valence of arsenic required for CCA wood preservatives and many other markets is the same valence that is required for stabilization. The economic challenge is how to get there. We have built and operated eleven plants to oxidize arsenic trioxide to its pentavalent form. Most of these have been classic in that they used a common oxidants such as hydrogen peroxide or nitric acid to achieve this.

Jan 1, 2005

By Williams C

A stibnite concentrate from Golden Spec (WA) was subjected to a series of tests involving high pressure cyanidation and pressure oxidation followed by conventional cyanidation. The concentrate, whose gold content was 18.1 g/t, yielded only eight per cent of the gold when leached directly by a standard 24-hour cyanidation test. The recovery was increased to only 15 per cent when pressure cyanided under the following conditions: ambient temperature, 2000 kPa oxygen pressure, two hour retention time and 30 per cent w/w solids pulp density. This poor response to pressure cyanidation emphasised the refractoriness of the material. Evidence of the fine distribution of the gold through the concentrate, from measurements of the particle sizing distribution and the gold analyses of the individual fractions, also suggested that this concentrate was highly refractory. Pressure oxidation of the concentrate at elevated temperatures followed by cyanidation yielded recoveries as high as 94 per cent. However a preoxidation treatment under the following conditions was necessary: 230¦C, 2000 kPa oxygen pressure for a period of four hours.

Jan 1, 1992

By R. R. Fernández

The Newmont roasting plant in Carlin, Nevada, commenced operating in December 1994. Over the years, refractory ores and pyrite concentrates from different gold deposits constituted the feed to the facilities. Historical plant performance indicated that the roasting temperature was the main variable affecting the structural characteristics of the calcine, which in turn affected the recovery of gold by cyanidation. Gold recovery as a function of roaster temperature has been closely monitored since October 2000. The original design temperature was 550° C. Lower roaster temperatures of around 500° C resulted in a gold recovery increase of more than six percent. This increase was directly related to an increase of the surface area of the calcine. The implementation of an ?intelligent? process control system helped significantly in achieving steady low roasting temperatures, thus obtaining high gold recoveries of 92 to 93 percent. Under these conditions, several roasting campaigns with high-arsenic-containing ores were conducted, which resulted in a significant decrease in gold recovery. The reduced gold recovery was caused by the loss of surface area (e.g., porosity) of the calcine as the arsenic content of the roaster feed increased.

Jan 1, 2010

By M. R. Lastra

Island Copper Mine began gold recovery Tom molybdenum sulfide concentrates in April, 1985. Plant design capacity is 20 tons of molybdenum concentrate per day. The molybdenum concentrate is produced in a conventional copper/molybdenum flotation circuit by selective copper depression. After thickening, the molybdenum concentrate is leached with cyanide solution in a series of five leaching tanks. The leached concentrate is then filtered and soluble gold values recovered on activated carbon with a six column adsorption circuit. The gold leach extraction is approximately 80 percent with a gold adsorption on activated carbon of 97 percent.

Jan 1, 1986

By C. Flores

A novel process using solid metals for the direct reduction of more noble metal ions from solvent extraction organics has been developed. Base metals recovery has been the principal focus of investigations to date but feasibility tests have now also been made on galvanically stripping selected precious metals. In this study gold (III) was loaded from an aqueous HAuCI4 .3H20 solution into a mixed organic 40 vol.% TBP, 10 vol. % D2EHPA in kerosene. The direct precipitation of metallic gold from the loaded organic phase using zinc powder and iron, aluminum and copper slabs at 70 °C was successfully demonstrated. The gold reduction rates were relatively fast even though the conductivity of the organic solutions is very low. The reaction rates were studied as a function of the variables zinc particulate size, oxygen and nitrogen atmosphere, water content in the organic phase, organic ratios and temperature. The gold morphology was usually powdery or dendritic in nature but continuous films were obtained in some instances. Activation energies were calculated and possible reaction mechanisms are discussed. In general, the results obtained were very promising and showed that gold can be successfully cemented from selected organic solvents by galvanic stripping using less noble solid metal reductants.

Jan 1, 1995

By R. Y. Wan

Low grade sulfidic-carbonaceous refractory ore from Newmont Gold Company's Carlin deposit was microbially pretreated. The biological pretreatment process gave partial oxidation of the sulfidic components of the refractory ore but the preg-robbing carbon continued to be active resulting in approximately zero cyanide gold extraction. A 495 ton pilot plant test heap was conducted using acidic thiourea leach following biooxidation. Activated carbon and cation exchange resin adsorption were tested for gold recovery from the thiourea pregnant solution. The results obtained from the test heap were not satisfactory. Gold extraction was low due to slow reaction kinetics which was caused by relatively large particles and very low winter temperatures. Problems existed in the thiourea-test heap and are discussed in this paper. An alternative heap leach process using thiosulfate has been successfUl at the pilot scale for gold extraction following biooxidation pretreatment of refractory sulfidic-carbonaceous ores.

Jan 1, 1995

By C. Dupuis

Thiourea is a promising reagent for gold extraction especially from refractory ores that cannot be treated by traditional cyanidation route. In this study recovery of gold from thiourea leaching solutions was investigated by direct electrowinning. The electrolysis cell consisted of a carbon flow-through cathode and a lead anode. The anodic and cathodic compartments were separated by a membrane. Galvanostatic mode was chosen for operation of the cell. Factors affecting recovery efficiency such as cathode thickness, linear flowrate, current intensity, thiourea and gold concentrations were investigated. The influence of some species in solution on efficiency and selectivity of recovery was investigated. Gold recovery reached 99% but current efficiency was lower than 10%. The complex formed with ferric ion and formamidine disulfide are reduced before gold-thiourea complex. Thiourea consumption occurred during leaching mainly by oxidation and reaction with dissolved copper.

Jan 1, 1989

By W. K. Buah, R. K. Amankwah

Waste-activated carbon generated by gold ore processing plants that employ carbon adsorption technologies may contain very high gold values and represent a potential source of extra revenue. In this research, two methods that augment combustion of waste-activated carbon are evaluated. These are mechano-chemical activation and charcoal-enhanced ashing. It was found that mechano-chemical activation caused structural transformation of the waste carbon, which resulted in a reduction in the temperature for complete oxidation from above 700oC to 450oC. Complete oxidation was also achieved at the same furnace temperature, for a combined sample of waste-activated carbon and 50% by weight of wood charcoal. In both cases, gold was extracted from the ash by conventional cyanidation, with recoveries greater than 98% from a head grade of 3.2 kg/t.

Jan 1, 2007

By A. Ghahreman, M. Oliazadeh

"Heap leaching is an attractive process for low grade deposits where the metal content of ore does not justify the high cost of milling and agitated leaching. In general, the heap leaching capital cost is low, construction is rapid, and production costs are low. The primary disadvantage of heap leaching is low recoveries (typically 65% of agitated leach recovery); thus, recovery improvements could convert more lower-grade deposits into minable reserves. This will also allow to process primary sulfide ores and result in a dramatic expansion of the technology, as ~80% of total ore types are sulfidic in nature. The old gold operations tailings are another massive source of low-grade gold material that can be retreated by the heap leach process. The major parameters affecting the recovery rates are ore characteristics (mineralogy, particles size of metal and host minerals, ore permeability), and operational conditions (segregation of ore, compaction, leach cycle time, lift height, and solution application rates). The design of a percolation leach process is based on a limited number of coarse ore bottle roll and/or column tests under ideal conditions. The economics of the projects and engineering design of the process facilities are developed based on the bench scale test work results and the application of the conventional engineering scale up factors. This paper will deal with the parameters affecting the HL efficiencies and focus on the potential improvement of gold heap leach recoveries. This would include design of heap leach operation and evaluation of processes such as fine crushing and bioleaching.INTRODUCTION Gold heap leaching is a hydrometallurgical process designed to treat amenable low-grade gold ores that contain typically 0.5 to 1.5 g/t gold (Marsden and House, 2006; Wong Wai Leong and Mujumdar, 2010). Ore is stacked by various types of equipment on an impermeable barrier, and a sodium cyanide solution is applied to the surface of the stacked ore. Gold, silver, and other metals contained in the ore are dissolved to various degrees by the cyanide application, as it percolates downward through the stack of the ore. The pregnant leach solution (PLS) is then collected at the bottom of the heap. The PLS is then sent to the gold recovery plant where the metals are extracted. The barren leach solution (BLS) is then reapplied to the top of the pad. Ore is placed on a pad or previously leached lift by various means, including ramp conveyor belts, radial-arm and self-leveling stackers, and trucks. Once trucks are used to construct the pads, the pad can be compacted and hence the pad should be graded and ripped or scarified (roughened up) with wheeled or tracked equipment to produce shallow cuts to increase surface area exposure to the leachate."

Jan 1, 2019

By Daniel E. Walsh

The recovery of most minerals, which are amenable to gravity concentration, is standardly determined by accurate sampling and assaying. .With respect to particulate - gold ores, sampling and assaying are still the convention, but the accuracy and reproducibility of these operations are much discussed and debated points. Evaluation of gravity concentrators by conventional sampling and assaying techniques is very time consuming, costly and may introduce a large amount of uncertainty into the results due to the particulate nature of placer gold. These problems are not unique to placer gold ores and apply to any low grade ore with particulate values. A gravity concentrator evaluation process developed by MIRL employs the use of neutron activated gold (198Au) and radiation detection circuits which monitor the concentrator's product pulp streams. Concentrator recovery is determined from the ratio of the number of gold particles detected as passing into the concentrate to the total number of gold particles detected over all monitored pulp streams. This system eliminates the experimental errors introduced by sampling, sample reduction, and assaying and allows recovery to be evaluated for gold particles of specific sizes, shapes, and flatness. This system enjoys its greatest utility where a large number of tests are to be run in order to evaluate a concentrator over a variety of operational settings, i.e. factorial designs, and allows accurate testing of concentrators operated in closed circuit systems. Beginning in 1984, MIRL conducted radiotracer studies of unit processes, which included jigging, static wedge wire screening, elutriation, and concentration with compound water cyclones.

Jan 1, 1989

Gold was first discovered on the Shotover by Thomas Arthur in 1862, and soon there were over 3000 miners working on the river. It has often been called the richest river in the world. Most countries probably have one of these, but it was certainly the richest in New Zealand. In the early days some miners collected as much as 200 oz/d from a sluice box, and the early river gravels must have been extremely rich before the gold bearing terrace gravels were sluiced into the river. Otago produced about 10 Moz out of the NZ total of over 30 Moz. Most of this was alluvial and possibly one third or more came from the Shotover. The extremely cold winter and danger of flooding made it a dangerous river to work. During 1863 when heavy rain melted snow in the high country, the river rose 35 ft overnight and drowned many miners camped on the banks. These hazards still exist and dominate the method of working. The early hand miners cleaned out much of the riverbed, and the advent of the hydraulic elevator enabled deeper parts of the river to be worked over. Extensive sluicing of high terraces also took place particularly around Skippers. Several companies have attempted operations on the Shotover. Many of these were distinctly unsuccessful, such as the suction dredge at Maori Point about 1930 and the Skippers Limited fluming in about 1934. At least two attempts were made to divert the river with the Sandhills cut above Skippers and the Oxenbridge Tunnel down near Arthur's Point.

Jan 1, 1983

By J. A. González-Anaya

This laboratory work presents a study of the effect of ultrafine grinding on the gold recovery of a highly refractory gold concentrate. The particle size of the concentrate was P80 = 46 µm and the main species present were quartz (28.58%), dolomite (25.63%), pyrite (20.93%), arsenopyrite (15.39%) and 112 g/t gold. After optimizing hydrated lime and lead nitrate additions, standard cyanidation with 1% NaCN, pH = 12.3, 25% S/L permits to recover only 9.4% of the gold. Different particle sizes were submitted to cyanidation. When the concentrate was ground to ultrafine sizes (P80= 4.6 µm), the gold recovery for the same cyanidation conditions increased to 67%, with cyanide consumption of 66.7 kg NaCN/t. Additional tests were performed in order to reduce the cyanide consumption. The reduction of the cyanide concentration in the leaching solution from 1 to 0.5% and the addition of 100 g Pb(NO3)2/t allowed the reduction of the cyanide consumption to 27.6 kg NaCN/t (58% reduction), while maintaining the same gold recovery of 67%. The remaining gold could be present as very fine inclusions or in solid solution in the matrix.

Jan 1, 2011

By G. F. LOUCHLIN

A FEATURE of the International Geological Congress to be held at Pretoria, South Africa, in the summer of 1929,. will be a symposium on the gold resources of the world. In this connection the U. S. Geological Survey and Bureau of Mines have been asked to prepare a report, showing production in the United States, describing the geology of its principal gold- producing districts, and estimating reserves (a) assuming a continuation of presen6economic conditions, and (b) assuming lower costs. This report will not be completed before April 1, but data thus far assembled are here presented with the hope of profiting by discussion and by information from those well informed on any of the important gold-producing districts. Gold production in the United States rose to a maximum exceeding $100,000,000 in 1915 and then rapidly declined to about $52,000,000 in 1920. Since then it has fluctuated, but on the whole slightly declined. Reviews of the eight leading states afford the following tentative conclusions :

Jan 1, 1929

Recovery of gold by smelting zinc dust concentrate has been carried on at Lake View and Star, Ltd., since July, 1930, when the Merrill-Crowe precipitation plant was first put into operation.Part I describes the development of current gold-room practice, commencing with the clean-up of the MerrillCrowe plant, a procedure that has not materially changed since its inception, and then shows how modifications to straight roasting and smelting became necessary, following a gradual increase in the copper content of the ore treated by the mill.Present smelting practice converts most of the copper into a mixed copper-lead matte, thE sulphur being supplied by the addition of flotation concentrates containing about 35% sulphur as pyrite. The process yields gold bullion of a sufficiently high grade to send to the Royal Mint, but until 1943, suffered from the disadvantage of giving matte and slag by-products high in gold and silver, that were not recovered directly but had to be sent to a smelter.Part Il gives details, of experimental work cnrried out since 1943 which led .to a process for the satisfactory and economic recovery of not only the gold and silver, but also the copper from these, hitherto, troublesome by-products. Nevertheless, incidence of matte in a smelt has always been considered undesirable, and it is hoped that eventually it will be obviated by removing most of the copper from the zinc slime before smelting.Part III indicates the methods by which this might be achieved, and outlines the experimental work that has been done up to the present.

Jan 1, 1948