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THE following statement is contained in an article entitled "Mortgaging the Future." by Walter C. Teagle, president of the Standard Oil Co. of New Jer-sey, appearing in the current issue of the Lamp, the official organ of the Standard Oil Co.: "During the last eight months the domestic daily production. of crude oil has risen 300,000 bbl.. which means that no less a volume than 2,500,000 bbl. now are coming to market each day. . . . Every twenty-four hours 250,000 bbl. more than the consumer required are being added to our surplus oil storage. The temporary advantage of cheap petroleum products and the availability of fuel .oil, for a widespread use as a substitute for coal are not being weighed against the time when scarcity may follow on the heels of plenty and the public of tomor-row may have to pay for today's excesses. The over-production of crude and its consequences constitute a problem of national import which far outweighs the temporary advantages either to a part of the industry or to sections of the public.

Jan 8, 1927

By W. G. Jewitt

THE Box mine, situated in Saskatchewan on the north shore of lake Athabasca, is unique in two respects. It is the first and, so far, the only gold mine in Saskatchewan, and it is the only gold mine in Canada to employ a large-scale forced caving system as the main mining method. Discovered in 1934 by Tom Box, an Edmonton prospector, its subsequent history, while breaking no records for speed, has been one of steady and more or less normal development. Camp and plant are situated close to the shore of Beaverlodge bay, sorne 50 miles east of the Saskatchewan-Alberta boundary and 35 miles south of the north boundary of the Province. The railhead at Waterways, Alberta, is about 220 miles to the southwest. Prince Albert lies some 450 miles to the south. The surrounding country presents a rather rugged variation of the usual Precambrian topography, with hills rising five to six hundred feet above lake Athabasca. The numerous lakes and islands, together with the wide expanse of lake Athabasca, compose an attractive scene, at least in the not over-long 'open water' season. The winters are long but not extremely cold, judged by prairie standards. The small lakes break-up around May 20th and the 'freeze-up' stops navigation early in October. Though apparently remote, the Box mine is fortunate in having reason-ably cheap transportation from Edmonton. The 300-mile railway from Edmonton to Waterways is the most expensive section, the rate for 1st class freight being $1.70 per hundred pounds and for 5th class freight $0.77 per hundred. Freight from Waterways to the mine, approximately 140 miles down the Athabasca river and 90 miles along lake Athabasca, is delivered by barges and tugs for 50 cents per hundred pounds. All freight is delivered during the 'open water' shipping season, which lasts from about .Tune 7th to October 7th. In normal years, barges are loaded to 3 to 3 1/2feet draught up to September 1st. After that date, and earlier in dry years, shallow water at Waterways reduces the barge loads. Barges of 100 to 200 tons capacity handle all mining freight, including pieces up to 15 tons in weight, without undue difficulty.

Jan 1, 1940

By Lennart Wellenius

LAISVALL - ONE OF THE BOLIDEN MINES Until the Aitik Mine (2,000,000 mtpy) started in 1968 the Laisvall Mine (1,200,000 mtpy) was the biggest unit of about 20 producing mines, belonging to the Boliden Company Ltd. As shown in Fig. 1 the mines are spread over a wide area. Most of them are small complex ore mines (50,000 - 300,000 mtpy), for which reason the total mine production does not exceed 5,500,000 mtpy. When our company was invited to present a paper, Laisvall was chosen because it is the biggest European galena-mine in production today. The Laisvall Mine is situated in the county of Norrbotten, Sweden, at the eastern border of the Caledonian mountain-chain. The road distance to Slagnäs, the nearest railway station, is 60 miles. The railway between Slagnäs and BOLIDEN's smelting plant, the Rönnskär Works, is 140 miles long. PRODUCTION STARTED IN 1943 In the Autumn of 1938 a boulder was discovered, consisting of sandstone with galena, on the shore of the Lake Stor-Laisan. The boulder came from an Eocambrian sandstone formation, which is overlain by Cambrian-Silurian rock.

Jan 1, 1970

By Alexander L. Holley

THE Pernot system of rotating and withdrawing the hearth of a Siemens regenerative gas furnace for the production of Martin or open-hearth steel, is, perhaps, the most conspicuous of the several improvements which have lately been made in the steel manufacture. These several improvements in the open-hearth plant are not combined in any existing works, but most of them will be combined in not less than three works now erecting in the United States; and it seems probable that their joint result will not only reduce the cost of products of ordinary grades to Bessemer rates, but that it will produce new and better grades of products. The open-hearth steel furnace and its operation are so generally understood that but a few words of general description are necessary. The ordinary furnace is not unlike the common reverberatory puddling furnace, except that an intense, uniform, and controllable temperature is maintained by the Siemens gas regenerative system. The materials. employed are various : melted or unmelted pig with ore, and with or without scrap; pig iron purified from silicon and phosphorus, with or without scrap; pig iron and scrap, melted together in a cupola, or charged hot or cold, together or separately, into the steel furnace; a pig-iron bath, and hot or cold steel or iron scrap, direct sponge or Catalan or puddled blooms charged into the bath. The operation is, to a greater or less extent, according to the nature of the materials used, a desiliconization and decarburization of the pig or other crude iron, and its dilution by already purified materials. Manganese is employed at the end of the operation to remove oxide of iron and silica, a regulated amount of manganese remaining in the product. Figs. 2 and 3, Plate IV, represent the hearth and roof of the Pernot furnace; Fig. 1 shows, in cross section, the general arrangeent of open-hearth plant with Pernot furnaces, as generally designed by the author, and now building at two works. The engrav-

Jan 1, 1879

By Eero Pokki

The Päijänne Tunnel is being constructed to conduct raw water from Lake Päijänne to the Helsinki Metropolitan Area. The length of the tunnel will be 120 km and the cross-sectional area is 15.5 sq m. Excavation started in 1973 and will be completed in 1982. 94 km of the tunnel have been constructed from Lake Päijänne towards Helsinki. The construction has advanced according to plan, and due to Finland's hard bedrock there have not been any great surprises. When completed, the tunnel will meet the water requirements of the Helsinki Metropolitan Area for a long time in the future because, with a free fall of 36 m, 9.6 cu m/s of water can be conducted through the tunnel from Lake Päijänne to the Helsinki Area. With pumping it will be possible to obtain a flow of 15 cu m/s, although at first the discharge will only be 5 cu m/s. The tunnel was partly taken into service as early as March 1979 when it was possible to conduct water to the municipalities north of the Helsinki Area. It is already possible now to conduct water to Helsinki, too, but from the Korpimäki pumping station onwards it must be done through the River Vantaa, which is polluted. When the tunnel is completed in 1982, good quality water can be conducted from Lake Päijänne to the Helsinki Metropolitan Area through a continuous rock tunnel. The cost estimate in 1973 was $ 88 million while it is now $ 90 million notwithstanding high inflation. AREAS NEEDED FOR CONSTRUCTION The areas needed for construction were bought through voluntary deals. Areas of 4 - 5 hectares were bought along the tunnel line at about 5 km intervals. The excavation of access tunnels was started from these places, and the crushed rock from the main tunnel was also transported there. However, it was not necessary to buy the area

Jan 1, 1979

By Alexander N. Winchell

The cities of St. Paul and Minneapolis are located side by side on a double loop in the Mississippi River near the eastern boundary of Minnesota. Both cities lie on both sides 'of the Mississippi River, which in this region describes an S-shaped curve. The two cities together have a population of over 600,000 people, gathered in an area which has grown to be a single urban district inasmuch as the two cities have expanded until they occupy all the territory formerly between them, though the business centers are ten miles apart. St. Paul is located at the head of navigation on the Mississippi River and Minneapolis, farther upstream, at the Falls of St. Anthony. A recent water¬power development below the Falls of St. Anthony, constructed by the Federal Government, has at the same time made possible navigation to the foot of St. Anthony Falls through a lock around the dam which replaces the former rapids. Minneapolis, in 1920, had a population of 380,000 people, and St. Paul, 235,000. The two cities occupy land at an elevation of 700 to 900 feet above sea level. The average elevation is slightly less at St. Paul. Minneapolis has nearly 4,000 acres of parks and park¬ways, while St. Paul has nearly 2,000.

Jan 1, 1920

The mining industry is facing tremendous economic challenges. Fluctuating and depressed commodity prices, the ever-increasing pressure from environmental legislation and the competing global opportunities for capital investment are placing enormous strains on every aspect of the mining business. At the same time, mines are generally becoming older and deeper with all the logistical and rock mechanics difficulties that this entails. In the face of these new challenges the industry looks to technological advances to make operations more efficient and profitable. One approach is to develop and implement highly automated and computerised equipment as part of a trend towards major reductions in the underground workforce. This approach requires more capital investment rather than less and requires a more sophisticated and well-educated workforce with skills which are generally in high demand in society as a whole. It is difficult to see how the benefit that can be gained from such technology can justify the expenditures necessary to make it operate reliably underground on a daily basis. Nor is it easy to foresee how the mining industry, based as it is often in very remote areas, will be able to hire and retain sufficient numbers of people to maintain such fleets of equipment. Another approach, and the one which I favour, is the implementation of much greater control over the whole of the mining process. Mining is essentially a very simple process - we break rock and move it. The most cost-effective means of moving and processing the mining product depends entirely on the way it is broken - it depends on primary fragmentation by blasting. I propose that the way forward for the industry in the face of our present difficulties, is not new technology but is to utilise the level of technology which currently exists in ways which have traditionally been regarded as too difficult or too inflexible - improved fragmentation and the use of conveyors. The technical success of this approach depends on the complete re-design of the ore handling system from the face or stope drawpoint to surface. The fundamental issue which determines the success of this approach is designed fragmentation.

Jan 1, 1995

By William G. Doepken

GENERAL DESCRIPTION The Henderson mine utilizes a highly mechanized, continuous panel-caving system to extract ore from a deep, massive, molybdenum deposit. The mine site, lo¬cated 80.5 km (50 miles) west of Denver, is situated at 3170 m (10,400 ft) above sea level in a steep valley on the eastern side of the Continental Divide. The mill site, located on the western side of the divide, is linked to the mine via a 15.5-km (9.6-mile) railroad tunnel. Mine production is scheduled to reach 27 215 t/ d (30,000 stpd) from the uppermost production level. This pro¬duction rate will have been reached within the four years following an intensive ten-year preproduction development program. A second production level, due to come on stream in later years, will expand production capabilities to 31 751 t/d (35,000 stpd). The mine, which employs approximately 2000, has blocked-out ore reserves of 220 Mt (242 million st) at an average grade of 0.42% MoS2. Geology The Henderson deposit is composed of two partially overlapping ore bodies that lie 1080 m (3600 ft) beneath the peak of Red Mountain. The ore bodies are entirely within a Tertiary rhyolite porphyry intrusive complex that has intruded Precambrian granite. The de¬posit is elliptical in plan with overall dimensions of 670 x 910 m (2200 x 3000 ft). In section it is arcuate with an average thickness of 185 m (600 ft). The top of the deposit is at an elevation of 2610 m (8700 ft) while the lower limits range from 2340 m (7800 ft) on the west to below 2100 m (7000 ft) on the east. The mineralization is relatively continuous in the ore bodies and consists of molybdenite and quartz in random to subrandom, intersecting, closely spaced veinlets. Cavability RQD (rock quality designation) * values measured from Henderson drill core and compared with the RQD values from the Climax and Urad block-cave mines in¬dicated that the Henderson ore would cave but with difficulty and that a high percentage of the cave ma¬terial would be blocky. Initial caving experience shows the Henderson ore caves easier and with greater frag¬mentation than was indicated by the RQD values. Pos¬sible reasons for this are: 1) The greater lithostatic load at the Henderson has a greater effect on caving and fragmentation than anticipated. 2) The relief of confining pressure due to caving action and brittleness of the rock is enhancing breakage. Mine Layout The Henderson mine layout was designed from its inception for a large-scale, rubber-tired, continuous panel-caving mining system. The ore body is vertically divided into three major mine levels (Fig. 1). The top¬most level (8100 level), which is 2469 m (8100 ft) above sea level, is the current mine production level. The intermediate or 7700 level, which is in the initial

Jan 1, 1982

By J Foklesi, G Bohus, D Benedek

The breakage process in blasting takes place in space and in time and the latter will determine the degree of fragmentation, shape of the muckpile and the extent of displacement. The shock wave travels at the velocity of sound in the material and it can easily be measured. The cracks' velocity is only 0.38 % of the velocity of sound. The number of cracks at any distance from the explosion cavity, their length and the time of development can be calculated.

Jan 1, 1986

By B. Heide, A. Bergrnann

The Meggen mine and the concentrator plant of the Sachtleben Bergbau GmbH are located in the southern part of the Ruhr district of the Federal Republic of Germany. The mine has been in operation for more than 100 years, but the concentrator described in this paper was started up in January 1963. The Meggen orebody is of sedimentary origin and occurs in a zone of limestones, graywacke and shales of Devonian age. The average thickness of the deposit is 3 meters and due to an intense folding of the area, the mineralized zone dips steeply at 80º towards the north.

Jan 6, 1973

The opening session of the A. I. M. E. was held at the King Edward Hotel, Toronto, on Tuesday, July 25th. Dr. W. G. Miller, on behalf of the Local Committee, opened the proceedings. [ ] President John Hays Hammond, who occupied the chair, introduced Alderman Graham, Chairman of the Reception Committee, and representative of the city, in the absence of His Worship the Mayor. A brief address of welcome was delivered by the Alderman and responded to by President Hammond. The President then requested Dr. James Douglas to present to the honoured Secretary of the Institute, Dr. Rossiter W. Raymond, an oil portrait.

Jan 1, 1907

By Michael Chender

INTRODUCTION The project financing described elsewhere in this book is available to major mining companies on the basis of a strong balance sheet, a significant equity position in a project of proven feasibility, and a demonstrated ability to bring ore deposits into production. "Junior" mining companies, which are most active in Canada, Australia, the US, and South Africa, by definition do not meet these criteria. In many cases, junior companies will need to raise money simply to cover the costs of acquiring and exploring potential deposits. In what follows we will look primarily at junior financing practices in the US and Canada, although the same general principles will apply in Australia and South Africa. The principal vehicles for junior mine company financing are limited partnerships, the private placement of securities and debentures, and public offering of securities, and property deals with stronger companies, in the form of leases, earn-ins and co-ventures. The cost (in terms of dollars or equity) and, to some extent, the applicability of using these difficult approaches varies with the stage of development of the property and with the corresponding degree of risk to the investor. Much junior company fund raising is, in fact, "interim" financing in that it allows the company to improve its properties and develop its assets to the stage where more favorable financing arrangements may become available. Companies will therefore often use several of the approaches described above during the development life of a specific property. LIMITED PARTNERSHIPS Limited partnerships and syndications are a popular way of structuring the initial private financing of mine developments because of their attractive tax consequences for the well-to-do investor. Costs of exploration and development can in many countries be passed through as deductions to the limited partners, who are thus able to gamble on a possible windfall at little real cost. In addition to private Canadian funds, much German money flowed into Canadian exploration ventures on this basis, but stopped in 1982 due to economic conditions in West Germany. In the US, recent regulations have, in the great majority of cases, taken away the ability to "shelter" income in mining limited partnerships. Deductions taken by the individual investor cannot exceed the amount of money he actually has at risk. Nevertheless, the allowable deductions are still attractive and some of the major mining companies are now beginning to look at limited partnerships as a vehicle for attracting additional exploration funding. Ranchers Exploration and Development has successfully put together several drilling funds on this basis. THE PRIVATE PLACEMENT Initial funding for the acquisition and preliminary exploration of prospects is often accomplished through a private placement of unregistered securities or, where it is not a problem to carry debt on the statement, by a private placement sale of debentures. A fledgling company wishing to do a public offering may well be advised by an underwriter to accomplish a small private placement as a precondition of the larger offering. In this way, the sale of the registered securities is not inhibited by the company starting out with a debt-ridden balance sheet and no demonstrated ability to secure the additional financing generally necessary beyond the proceeds of that offering. In the US, the securities offered in a private placement are not registered with the Securities and Exchange Commission (S.E.C.) but are restricted as to their resale, and could be further restricted by a underwriting agreement

Jan 1, 1985

By G. A. Young

THE Geological Survey was created in 1842 to aid the development of Canada's mineral resources. Although the institution has been in existence for nearly 100 years and has accomplished an immense amount of work, the need for its services remains as great as ever and, indeed, it is difficult to imagine a time when the country will no longer require a Geological Survey. This is so because of the tremendous effort required to make an adequate geological examination of so large an area as is embraced by Canada and partly because what today may seem an adequate geological examination proves, later on, to be inadequate. The ultimate objective of the Geological Survey is to complete the study of all phases of the geology of Canada, that is, to determine how and when the physical features originated, how and when the soils and other unconsolidated deposits were formed, and how and when the solid rocks and associated deposits were produced and assumed their present conditions. When the study has been completed, any only then, will it be possible to make a reliable estimate of the country's mineral resources. This appraisal embraces more than determining the value of already discovered deposits: it also involves attempting to establish what kinds of undiscovered deposits may be present and where they may occur. The estimating of the potential mineral wealth can be clone only after the geology of the country is known. Not until then will it be possible to forecast what types of valued deposits may occur in a district and what types will almost certainly be lacking. A thorough knowledge of the geology of the country is desirable not only to permit estimating the potential mineral resources but also as an aid in locating and developing mineral deposits whether these are of the nature of a bed of limestone, a seam of coal, a reservoir of petroleum, a vein, an irregular body of sulphides, or any other type of deposit.

Jan 1, 1940

By Bill Tucker, Mike Black

"PROJECT OVERVIEW Crossrail, Europe’s largest construction project, will increase London’s transportation capacity by 10% when it opens in 2018. The Crossrail scheme is a combination of surface and underground railway that stretches 118km east-west through central London from Reading, Berkshire and Heathrow airport in the west to Shenfield, Essex and Abbey Wood in the London Boroughs of Greenwich and Bexley in the east. Crossrail will serve 40 stations, ten of which are new, and bring 1.5 million people within 45 minutes commuting distance of London’s key central business districts. 21km of the Crossrail route comprises twin-tunnels beneath the heart of central London. It is the central section of the route, and the challenges that had to be overcome to construct its tunnels under the historic capital that forms the subject of this paper. The route of the Crossrail tunnels can be seen in Figure 1. These tunnels weave their way through the city’s underground landscape, linking eight new underground stations which connect to the existing London Underground network, providing interchanges with nine existing lines as well as the National Rail and Docklands Light Railway networks.Crossrail began construction of enabling works in May 2009 and launched the first of eight tunnel boring machines (TBMs) in May 2012. 42km of major tunneling work was completed in May 2015, and included 11km of sprayed concrete lined tunnels at the five mined stations (Bond Street, Tottenham Court Road, Farringdon, Liverpool Street and Whitechapel) in addition to the bored tunnel sections. The remaining three sub-surface stations at Paddington, Canary Wharf and Woolwich were constructed as large open boxes prior to the TBMs passing through. Crossrail, Ltd. is a special purpose company formed by the project’s joint sponsors, Transport for London and the Department for Transport, to manage design, construction and commissioning of the project. In 2009, Crossrail engaged Bechtel Ltd. as its delivery partner and a joint venture, Transcend (comprised of CH2M, AECOM and the Nichols Group), as its programme partner. The project is being managed by an integrated programme management team which is staffed by Crossrail and its partners. The railway, when opened, will be operated by Rail for London. With tunneling completed in accordance with the project’s master control schedule, the new railway is scheduled to commence dynamic testing in late 2017, with a phased opening of the tunneled sections and stations through Central London in 2018."

Jan 1, 2016

By C. J. Delisio

The basic concept of tunnel boring has not changed since the late 1800's. R. Stanley of Great Britain obtained a Canadian patent as early as December 1891. Mr. Stanley's machine was a device that consisted of a rotating wheel equipped with drag-type teeth; it had a means of thrusting the cutterhead against the face or heading; it had a means of clamping or gripping the machine in its bore; it had a means of collecting and depositing the cuttings into a screw-type conveyor located near the invert of the tunnel. It even had a means of varying the speed of the forward motion of the machine to suit different hardnesses of rock encountered. This description essentially fits the latest tunnel-boring machines being built today. In short, there has been no significant advance in the basic concept in 70 to 80 years. It may well be that no significant change can be expected for some time into the future. Today's machines, while still basic in concept, offer many advances aimed at faster tunneling. Among these are 1 ) improved cutters, 2) guidance and steering devices, 3) dust-control devices, and 4) mechanisms to aid in installing tunnel supports. CUTTERS The most important part of a hard-rock tunnel borer is the cutter. If the cutter can cut the rock, it is a boring machine. If the cutter cannot cut the rock, no other part of the machine can. When Jarva, Inc. decided to build a machine, the first problem was to find a good cutter. In our search, we looked at most of the cutters on the market. We selected Reed Drilling Tools' cutter because the design of their cutter was aimed at hard-rock tunneling. We feel that they build the best cutter available and provide the best possible service to their customers. As tunnel-boring machine design advanced, the transition from drag bits to roller bits was natural because harder formations required a roller bit, and it is the goal of all mole users to bore harder formations. Roller bits

Jan 1, 1970

By Marcel Daly

THE writer has devoted a number of years to practical operations and to the study of geology in the oil fields. In consequence, he has been brought to investigate the theories advanced to account for the accumulation of oil and gas in commercial deposits. It is the result of these investigations and his personal conclusions that he wishes to sum up in this paper. The writer is an advocate of the organic origin of petroleum found in pools. He has been led to believe that the present theories of oil and gas accumulations are incomplete and, in certain respects, incorrect, although they may embody certain elements of truth; that the forces that are called upon to explain the movement are only secondary forces in the process, and insufficient, by themselves, to cause this movement; and that the phenomenon of accumulation is of much larger order than heretofore admitted and bears an intimate relation with the general as well as with the local deformations of the crust and is a direct consequence and a mechanical effect of these deformations to which the term "diastrophic" has been applied. As a complement to this theory, the writer offers a new interpretation of the "rock pressure" and of the mechanism of the "sealing up" of this pressure in oil and gas pools.

Jan 7, 1916

In the fall of 1937, the Department of Mining at Penn State was being reorganized and the department records were moved to the Records Room of the School. An inventory of the contents of the vault disclosed six folders of records that had been forgotten for 27 years. These files, apparently preserved by former Dean W. R. Crane, plus the recollections of several former members of the Association described below, unfolded the "lost chapter" in mineral industries education.1 It was apparent at an early date in technical education that an association of mining schools with common interests and problems would have definite value. By 1902 sufficient interest had developed in this idea to cause the holding of a preliminary meeting for the purpose of organization. The first meeting was held at the Montana School of Mines on September 4, 1902. At that time, officers were elected and resolutions were adopted that there be formed an organization to be known as the National Association of State Mining Schools. The object and purpose of this Association was to advance the interests of state mining schools in every way, particularly by promoting legislation for the benefit of such schools. The second meeting was held September 10, 1903, and a resolution was passed that the American Mining

Jan 1, 1950

By A. KROENLEIN

THE Cromwell 'Pool has been the outstanding development in Oklahoma during the year 1924. . Tonkawa contributed the deep "Slick Sand" bit apparently its 'peak has been reached and like other pools producing from below the Mississippi lime its decline' mill be rapid. After reaching a daily production of 67,000 bbl., the Cromwell Pool is declining because of a lull in -new completions, but a mile extension has revived activity and an area equal to that of the present producing' area is under development and will cause an increase in the present production of 38,000 bbl. This pool is seven months old, has three dry holes in one hundred twenty completions and is actually defined only on the southern extremity. This area has been one of the chief contributors to the .over-production of high gravity oil in the Mid- continent fields and will be such' for the remainder of ' the year. 1924 and first part of 1925.

Jan 1, 1924

"In the past year, mining at the Doyon Mine has shifted entirely from open pit to underground. The mine produced 234 692 ounces of gold in 1989 and is expected to produce 225000 ounces in 1990. The Doyon Mill has been running slightly above design capacity, and recovery has increased 3%.IntroductionThe Doyon Mine is located 25 miles east of Rouyn-Noranda, Quebec (Figure I).It is a joint venture owned by Lac Minerals and Cambior, with each holding a 50% interest. Lac Minerals operates the mine under the direction of a management committee.Production at the Doyon Mine began in 1980 with the start up of the Main Zone pit. Shortly thereafter the Doyon Mine became the largest open pit gold producer in Canada.In 1983, a ramp leading to the fourth level and exploration drifts were driven. Results were very encouraging, therefore the decision was made to sink a 2150-foot deep shaft, which was completed in 1986.In mid-1986, production began in the West pit, while underground mining of the West Zone started shortly thereafter, at the end of the same year.In 1987 the mill capacity was increased to 3300 tons per day and the Main Zone underground operations commenced."

Jan 1, 1990

By L. Harris

The gold mining and ore processing operations of Minera Yanacocha S.A. are 10cated in an area 4,000 meters above sea level in the Peruvian Andes same 600 km north of Lima and 20 km north of Cajamarca. The joint venture partners are Newmont Second Capital (USA); Compania Minera Condesa (Peril); Mine Or (France) and the IFC. Newmont manages the operation. The Yanacocha district comprises several areas with mineralization evidence. The first ore with minable reserves of 28 million tonnes of ore assaying about 1.4 gpt Au is called Carachugo and is being mined and treated at the rate of 14,000 tonnes of ore per day by open pit mining methods. ROM ore is dump leached and the gold recovered in a Merrill Crowe plant. The plant design incorporates some unusual considerations to overcome the problems of the high rainfall in this area and assure the protection of the environment.

Jan 1, 1994