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By Chee Theng

"What would you do if you are an industry leader and disruptive technology threatens to overturn your business model? Although bearings and seals are in little danger of being displaced in the near future, one company is taking no chances in an age of digital disruption.“For SKF, digital transformation and the Industrial Internet of Things (IIoT) make this time right now arguably the most exciting time in our 100-plus years of history,” John Schmidt, president of SKF USA Inc., said during the SKF Technical Press Day in Philadelphia, PA.The company is not merely integrating digital technologies into its products and services but is taking a forward-looking, strategic approach. “To be successful, legacy companies have to undertake a process called digital transformation. It’s not just an IT initiative but is really about upgrading the strategic thinking,” explained Michael D’Argenio, vice president of digital transformation and customer experience at SKF Americas.Learning from those who went beforeD’Argenio cited the examples of two companies that saw entirely different outcomes in the face of digital disruption. The well-known case is that of Kodak, one of the storied brands in history, whose business was disrupted by the advent of digital photography. Although it invented digital photography, Kodak decided to box it up and put it on the shelf because it was scared of disrupting its business in photographic fim. Instead, it was disastrously disrupted from the outside.Less well known is the case of Encyclopedia Brittanica Inc., publisher of the longest-running English-language, general-knowledge encyclopedia in the world. Sales peaked at 120,000 sets in 1990, plunging to 8,000 sets in 2012. In 20 short years, it saw not one but two massive digital disruptions. The first was in 1993, when Microsoft published the first digital interactive encyclopedia on a CD-ROM, called Encarta, priced at just $99. The second was in 2001, when a communitycurated, free website called Wikipedia launched. Taking the opposite approach from Kodak, Encyclopedia Brittanica looked at its industry, its company and its customers through the lens of the new technologies, made a prediction about the future and, based on that prediction, took a bold move. Having identified its core value proposition as the delivery of reliable, high-value, verifiable knowledge, Encyclopedia Brittanica replanned, restructured and rebuilt its company from the ground up to deliver that same value proposition, only in a different way. It stopped producing the only product that it had known for 244 years and began producing digital products that it sold to educational institutions.“There is a lot to learn from the Encyclopedia Brittanica case,” said D’Argenio. “The company embraced its market change, it embraced its customer change, and it rethought what it needed to do to be successful. Because it owned that disruption internally, it was never disrupted from the outside. It continues to operate today and is as profitable as it has ever been.”"

Aug 1, 2019

In preparing a paper such as this it was thought that the Newstan Colliery Company Ltd., being comparatively new, would need some introduction to mining people in general.The Newstan Company was formed by the Joint Coal Board in December, 1948 during a period of acute coal shortages. The Company took over the holdings of what were known as the Olstan and Northumberland Collieries, situated at Fassifern, alongside Lake Macquarie and adjacent to the Great Northern Railway, within easy rail access of Sydney and Newcastle, as shown on the locality plan (Fig. 1).The Company was developed in order to produce steaming coal for the power house trade and has continued its activities in the steaming coal trade since its inception. The Olstan and Northumberland collieries were together producing some 300 tons per day when the Company was formed, and it was from this foundation that the colliery was built. The planned development of the Company has been along the lines of producing coal by modern, highly mechanised methods, together with the preparation of theproduct for the consumer, to the highest degree possible consistent with up to date methods.In the comparatively short time of 5t years the mine has developed from a small hand-won coal unit to a high capacity modern mine, one of Australia's largest producers, with an output capacity as high as 3,000 tons per shift.

Jan 1, 1954

By Charles Will Wright

ALTHOUGH the United States has long led all other countries in both the production and consumption of mineral products, the trend seems definitely toward an increasing dependence upon foreign sources of supply. This is not to take the position that we are either a have or a have-not nation. For years we shall continue to secure a large proportion of our needed minerals: from our own mines, but we must face the fact that this century has seen "a more thorough and intense development of the mineral resources of the United States and a greater depletion of its irreplaceable mineral reserves than has occurred in most other countries. An audit of our mineral production given in the attached charts discloses the extent of our deficiencies. Because of these facts, low-cost foreign sources offer a promising field for the investment of a portion of our mining capital and an opportunity to obtain for the United States a greater supply of strategic metals and minerals. How. ever, to reach this end, the industrialist investing in the foreign field must have the full co-operation and strong backing of the Federal Government and the involved Federal agencies.

Jan 1, 1947

By Christopher R. Winter

Mining companies have sharpened their refocus on their tailings management strategies in recent years. Mining companies with tailings storage facilities that use the upstream construction method have been challenged to track the evolution of industry standards, assess risks, revise design, and communicate design revisions with regulators. While many aspects of best practices and industry standards have evolved in recent years as an attribute of continual improvement, the controlling standard in the design of many upstream dams is understanding the foundational strengths of hydraulically deposited tailings. Following best practices and industry standards, Hibbing Taconite Company managed by Cleveland-Cliffs, began the re-evaluation of foundation strengths underlying a system of upstream dams at the company’s iron ore mine tailings storage facility in northern Minnesota. Initial steps in the re-evaluation require reanalysis of design parameters and recommendations by the Engineer of Record to the Owner, which was followed by a series of meetings with the Technical Review Board to determine an initial path forward. Once a path forward and preliminary design parameters were determined, the Owner engaged with the State Dam Safety Engineer to discuss and seek approval of the plan. With continuous regulatory engagement throughout the process, further refinement of the design parameters for the hydraulically-placed tailings foundations underlying upstream dams began with field and lab geotechnical investigations. Following a review of risk assessments and trigger actions response plans, Hibbing Taconite revised its tailings storage facility operating plans and budget for the coming years. Based on the findings of the re-evaluation, reanalysis, and refinement of parameters, a paradigm shift was realized with the hydraulically placed tailings foundation strengths underlying the upstream system of dams. This paper explores the path that the Hibbing Taconite Company followed to understand the paradigm shift and construct downstream improvements. The plan involved tailings re-characterization, dam design revisions, operating plan reconciliation, budget revisions, wetland permitting, dam safety permit amendments, storm water prevention plans, borrow materials studies, new concrete decant structures and the pursuit to recognize and be consistent with industry standards.

Feb 1, 2024

By D. Prince, G. Nollet

"Since 1994, Aur Ressources has operated Louvicourt mine, a zinc and copper mine close to Val d’Or, at a rate of 4300 t/d. Ever since the start-up of the plant, management has encouraged innovative approaches in reliability.The first of three papers will discuss the vibration monitoring program in place. The program will be described and two examples will be given: detection of a rolling bearing defect on a pinion driving the ball mill and identification of wear on the bearings of the flotation cells. Figures on the return on investment and the costs of a monitoring program will also be given.The second article will discuss the lubrication aspect. Since the establishment of a good monitoring and oil analyses, Louvicourt mine decreased its oil consumption by more than 38 000 L/yr. In addition, the company set up an oil regeneration system that restores the original properties of oil.The third article will cover the management aspect. Work organization as well as the management philosophy enabling the employees to push predictive technology to higher levels will be examined in detail. The key elements which made it possible for Louvicourt mine to position itself among world-class companies in the organization of maintenance will be discussed. IntroductionThis article is the second of three on predictive maintenance at the Louvicourt mine operated by Aur Resources Inc. The first article, published in the October 2002 issue, was about vibration analysis for rotating machines. This article describes how lubrication and oil analysis for stationary machines permitted Louvicourt to save more than $150,000 within two years and presents the evolution of the oil analysis program.Louvicourt mine, located near Val-d’Or, Quebec, is a copper and zinc mining and milling operation that processes 4300 t/d of ore and employs 289 people. Production began in 1994. Louvicourt mine is a partnership between Aur Ressources (30%), Teck Corp. (25%), and Novicourt (45%)."

Jan 1, 2003

By Glenn D. Lyle

As part of an initiative to improve value in mining, CEMI is developing a handbook on best practice in mine design. Various formats were examined, and of these, the wiki was selected as being most suitable. Being web-based, its global reach and capability of being continuously updated allows the wiki to evolve as new knowledge is generated, and to capture the diversity of experience of practitioners in the mining industry. While wikis have many advantages in terms of organizing content and searching, their ability to be edited by users is often seen as a negative characteristic for quality control. To ensure reliability of information content, author attribution, specific authorship models, and a peer review process have been implemented, in addition to the standard version tracking capability of wikis. The first phase of the project concentrates on topics related to underground hard rock mine design. The scope will be expanded to cover other aspects of mining as the project matures. Strategic partnerships with various organizations, such as the CIM, and CANMET, are being formed to provide a wide range of seed material to stimulate growth of the site. www.minedesignwiki.org

May 1, 2011

By B. K. Gorain

"As mining has evolved over a century, so are the challenges associated with mining. Mining of complex ore bodies at greater depths is a major challenge requiring high capital and operating costs due to remote locations, high energy costs, water quality and complex environmental issues. In addition, the stakeholder expectations are growing along with challenges associated with highly complex mine permitting processes and changing demographics of mining jurisdictions. The dynamic metals market adds to these challenges impacting the long term development and sustainability of mining projects.These challenges are compelling mining companies to look at various innovations with an integrated approach focusing on meeting the needs of various stakeholders. Mining companies are slowly tapping into some successful concepts that have transformed other industries such as manufacturing, chemical, pharmaceuticals along with oil and gas.This paper provides an overview of various innovations and technology developments in mineral processing that have shaped the current mining industry. A glimpse of the present and future challenges in mining is also presented. An integrated approach to problem solving involving various stakeholders is gaining momentum and this has been reflected in this paper. Various developments that are being pursed in mineral processing focusing on a change in the existing mining paradigm are also presented in this paper.INTRODUCTIONAs mining is evolving, so are the challenges associated with mining. Some of the key challenges are complex ore bodies at greater depths, high capital and operating costs, water scarcity and quality issues, high energy costs, complex environmental issues including tailings management, worldwide constraints on resource availability, more and more elaborated regulations in emerging economies impacting the permitting processes, increasing stakeholder expectations, changing demographics of mining operations with ever-changing cultural or community expectations and the urgent need for a better assessment of project viability, this in very dynamic metals markets impacting the dynamics of mining projects development and sustainability."

Jan 1, 2016

By P J. Fairfield

This paper reflects on the author’s experience working in site-based technical and management roles over a 29 year period, and the past 12 years in internal and external consulting roles. It discusses the author’s experiences and observations of operations management, and the significant value of the technical specialist’s role in providing management with information on what to base tactical decisions, which may or may not be part of a defined strategy.The landscape of mine management changes with the cyclical nature of commodity prices driving operating and capital prudence, as operations change their focus from expansion and growth to staying in the game. The role of the mine manager and management team in navigating through these changing times, attitudes and stages of the project life can influence the success or otherwise of many projects.Technical knowledge is one of the key drivers in realising or destroying the value of a project or operation. As managers focus on people management, management systems and processes, recognising and understanding value in underlying technical knowledge, and getting back to the fundamentals/basics, can be overlooked. In reaction to the fluctuating commodity cycle, managers implement changes through optimisation, fast tracking or parallel streaming, expansion projects and changes in the application of technology. These responses occur against the background of changes in the appetite for risk, acceptance of project uncertainty and changes in personnel which result in a loss of knowledge and experience – often at critical times.This paper shares the author’s experiences and lessons learnt in dealing with and observing these issues. The author questions whether we really understand our projects and are valuing the most important asset, our people and, in particular, the technical specialist and their experience and knowledge.CITATION:Fairfield, P J, 2016. Staying in the game – the importance of engineering-based decisions, in Proceedings International Mine Management Conference, pp 67-74 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jun 22, 2016

By D. M. Schubert

As a clean and renewable energy carrier, hydrogen is an important component of most alternative energy portfolios. Hydrogen combines very high energy content by weight with excellent environmental attributes. Since hydrogen reacts with oxygen to produce only water with release of energy, it can be used to power fuel cells, combustion engines, and turbines, without production of greenhouse gases at point of use. However, because of its low volumetric density, storing pure hydrogen is impractical. Thus implementation of hydrogen technologies requires materials that can safely store and release large amounts of hydrogen (1,2). In recent years, the U.S. Department of Energy (DOE) and other governmental agencies around the world sponsored extensive research on hydrogen storage materials, including those based on boron. These efforts have resulted in significant advances in hydrogen storage technologies. Boron materials stand out as leading candidates for hydrogen storage among the many options investigated. Combining excellent hydrogen densities, release rates, and safety characteristics, some boron materials can hold substantially more hydrogen by weight and volume than even pure liquid hydrogen (3-5).

Jan 1, 2010

By W. Miola

The MSHA prescribed method for the determination of quartz in airborne respirable dust samples from underground coal mines is the P-7 method, a combination of low temperature radio-frequency ashing (LTA) and infrared analysis (lR). There is no prescribed procedure for quartz analysis in bulk samples of coal and host rock. Dispersive Infrared (IR), Fourier-transform Infrared (FTIR), and X-Ray Diffraction (XRD) methods are most commonly used for quartz analysis in powders. Several aspects of the experimental procedures such as the analysis sample preparation from bulk samples, ashing techniques, scanning procedures, peak measurement location, calibration techniques, sample amounts, size consist, and data interpretation affect differently the results from each of the methods. Significant differences in analysis results from X-ray diffraction (XRD) and infrared spectroscopy (IR) on the same samples are reported. All these studies point to the need for reliable quartz analysis methods. In a recent research, a procedure for preparing bulk coal and host rock samples for quantitative quartz analysis was developed. Further the results from X-ray diffractometry and infrared spectroscopy for quartz content on identical samples were compared. Calibrations with pure and mixed standards were used to assess the influence of particle size distribution, matrix, and calibration on analysis results. In this paper, several issues with the measurement of quartz in the samples of coal, host rock, and airborne respirable dust from mines are outlined and quantified.

Jan 1, 1994

By L. C. Campbell

THE purpose of any accident-prevention program is the curtailment or entire elimination of injuries and fatalities. It is a job that is never finished in the coal-mining industry. Day by day, on shift and off shift, men are exposed to injury and death in varying numbers. Seldom is it possible to lock up at the end of the shift and leave a mine plant in the care of a sleepy watchman, as can be done at most manufacturing plants. Even on off shifts there are maintenance and supply crews, coal cutters, pumpers and ventilation men exposed to danger. The prevention program of The Koppers Coal Co. recognizes two primary facts: First, no program can be successful without the full support of the management and complete knowledge of the job at hand on the part of every supervisor. Second, and equally important, is the full cooperation of every employee in observing the safety rules and practices set up by the management. Conscious day-to-day concern for his safety by the indi-vidual worker is the longest stride toward a good safety experience. How to accomplish the education of the individual worker and super-visor for safety is the problem of The Koppers Coal Co. as it is the problem of all coal companies.

Jan 1, 1939

By E. R. Johnson

THE copper concentrator of the Braden Copper Co. is at Sewell, Chile, on the western flank of the main Cordillera of the Andes, at an air distance of approximately 50 miles southeast of Santiago, the capital of Chile. The region is mountainous and space is at a premium because of the rough terrain and the danger of snowslides. The ore, a porphyry copper, is mined by a block-caving method in the El Teniente mine. It is hauled to the crushing plant, a distance of 2.6 miles, through a tunnel because of the severe climatic conditions. The usual large, coarsely set, primary reduction machines found in many ore-treating plants are not required because of the mining method employed and the limiting 12-in. spacing of the grizzlies at the head of each ore pass in the mine. It is the purpose of this paper to describe the numerous improvements made in the crushing section of this large flotation concentrator during the past 15 years to increase the efficiency of the plant and to raise the daily output from around 20,000 to 30,000 tons. The reader should keep in mind that all changes were made within the existing building because of the limited space and the high cost of the heavy mill construction required to withstand the snow loads. The present plant, as well as the former, operates on a 24-hr, 7 days a week basis. FORMER PLANT The crushing plant commenced operations at its present site in 1921, the main equipment being No. 7 1/2 gyratories, followed by 48-in. horizontal Symons disk crushers. Fines were removed by 1-in. stationary grizzlies ahead of each unit. In 1924 a third stage of crushing was provided by the addition of 55 1/2-in. rolls in open circuit. During 1925, the Symons disks were replaced by 73 1/2-in. rolls. All the rolls were changed to closed circuit, with elevators and screens to give a final product of 9 pct plus 3-mesh. The flowsheet of a typical crushing section of this period is shown in Fig I. The ore was withdrawn from a common bin serving the five crushing sections in the plant by means of any number up to six 36-in. wide-apron feeders, which discharged onto a common conveyor belt. This conveyor was equipped with a magnetic head pulley and the crusher attendant was stationed near the discharge end to pick out pieces of mine timber that might be in the ore. The ore was discharged over a 1 3/4-in. spaced bar grizzly and the oversize of this grizzly was crushed by a No. 7 1/2 McCully gyratory crusher set at 1 3/4-in. opening on the closed side. The grizzly undersize joined the gyratory discharge and was conveyed to a set of 73 1/2 by 20-in. Garfield rolls set at I in. These rolls operated in closed circuit with a bucket elevator and two vibrating screens placed in parallel.

Jan 1, 1947

Jan 1, 1991

By Henry M. Harris

Low-carbon shales from 65 deposits and 11 sources of coal-mine waste in western Oregon and Washington were tested in a rotary kiln for their suitability as raw material for expanded aggregate. Shales from 41 sources bloated enough to produce crushed, expanded aggregates, weighing less than 65 pounds per cubic foot in the preliminary tests. The samples were judged on the basis of processing qualities, physical properties, and size and uniformity of the source. Nine low-carbon shale deposits and three coal-mine waste sources were selected for more extensive bloating tests and for examination of the expanded aggregates in concrete shapes. Composite samples from these 12 sources and from 2 commercial operations, when processed for testing in concrete shapes, had bulk densities ranging from 37.S to 72.9 pounds per cubic foot. Damp-cured concrete shapes made with these aggregates had bulk densities ranging from S6 to 119 pounds per cubic foot, and all but three of the lightweight concretes had crushing strengths ranging from 3,270 to 6,810 p.s.i. Properties of the lightweight concretes were compared with those of concrete shapes made with commercial aggregates, and with sand and gravel.

Jan 1, 1962

By L. C. IlsLey

"The maintenance of permissible equipment which is tested and inspected at the Pittsburgh Experiment Station of the United States Bureau of Mines is dependent to a surprisng degree upon the voltage at which the equipment is operated. The difficulty of maintaining 500-volt equipment is frequently brought to the bureau's attention, and it is quite possible that if the bureau had appreciated at the beginning the full hazard involved, it would never have undertaken the approval of equipment operating at voltages greater than 250 volts.In this connection, the following statement from State mine inspection departments and other sources are of interest as showing the general feeling in safety organizations with respect to voltages higher than 250. These statements, although obtained as a result of a questionnaire sent cut several years ago, still apply very well to present conditions.A. I have not had time to consider seriously the proposed change from every angle, but looking at it from a standpoint of hazard, feel that the danger would be greatly increased. I have always occupied the position that underground voltage on portable equipment should never exceed 250 volts.High voltage of course would mean smaller transmission lines, which would be more economical and no doubt would require in several instances smaller equipment; notwithstanding, if this statement is true, the writer is still favorable to low voltage on underground portable equipment.B. I believe 500 volts should be the limit on the best equipment ender the best conditions and that the U. S. Bureau of Mines should do all in its power to limit the voltage to 500 volts on permissible equipment, as any increase in voltage means increased hazard.C. I will refer you to a section of our mining law, entitled ""An Act to Regulate the Tine of Electricity in the Mines of the State of ----"" which reads in part, as follows: Trolley wires, or other exposed electrical wires, shall not carry a voltage above 275 volts.You may readily see by this that we are not permitted to operate mining machines under ground in -----, with more than 275 volts at the terminals, except that we are permitted to install transforming stations throughout the mines, after complying with certain regulations at the mine.However, as we have had to date, within the calendar year of 1925, six men electrocuted in the mines of the State, using a voltage of 275 volts, I am of the opinion that if this voltage was increased, the hazard would also be increased in proportion.D. I do not care to make a statement for publication: however, I am referring you to our mining laws. On page 27 and 28 you will find what the laws of -----¬require relative to the installation of electricity in the mines.""Hereafter where electricity is installed no higher than two hundred seventy-five (275) volts shall be used underground, except for transmission, or for application to transformers or other apparata, where the high-voltage circuit is stationary. High-voltage motors, and transformers, shall be installed in suitable chambers, built of fire-proof construction, and well ventilated, and shall not be placed on intake, or between intake and return air courses. All high-voltage lines lines and apparata must be clearly marked, to indicate their danger. Main and distribution switchboards for high voltage shall be made of insulating and incombustible material, such as marble or slate, and to be free of all metallic veins, or of material equivalent thereto. Same shall be installed in a dry place. All switches or other instruments used in connection with high voltage shall be installed on suitable switchboards, with at least a three-foot passageway in front and rear properly floored, and kept looked by a door at each end that can be opened from the inside without a key. With higher than medium voltage, there shall not be any live metal work on the front of switchboard, and the entry circuit must be protected by an oil breaker s"

Apr 1, 1932

By I. M. London, G. P. Hatch

The Canadian Rare Earth Elements Network (CREEN) was formally launched at the Rare Earth Symposium at The Metallurgy and Materials Society of CIM (MetSoc) Conference of Metallurgists in October 2013. CREEN is an industry-led, multi-stakeholder network focused on providing collaborative solutions that will advance Canada’s REE sector to produce a significant proportion of the global production of separated critical rare earth products by 2018. The Network is industry driven by companies with REE projects under development and supported by universities, engineering firms, national and commercial laboratories, and government. CREEN aims to accelerate the development and delivery of timely solutions to technical and economic issues specifically facing Canada’s emerging rare earth sector. It will facilitate partnerships with other national and international organizations to leverage existing research initiatives. It will also support training and education to ensure that the needed qualified human resources are available to achieve the sector’s goals. CREEN membership spans the full rare earth supply chain and technical support organizations, from prospective producers, advanced project developers, national and commercial laboratories, engineering consultants, university researchers, and other innovators. This paper provides an update on CREEN's developing networking and project develop

Jan 1, 2014

By Syd Peng

"As the International Conference on Ground Control in Mining (ICGCM) enters its 35th year in 2015, it is time to look back and identify the areas that need to be emphasized and to look forward to see what areas need to be researched in the future. In the past three decades, ground control has made a tremendous advancement, and many case studies published in the 36 volumes of proceedings have demonstrated its important role in the daily mining operations. However, there is still plenty of room for improvements. This paper discusses the research needs in 12 subject areas, including mine geology, rock property, zones of disturbance in overburden, computer modeling, underground stress measurements, research method, roof bolting, coal pillars, failures, subsidence, shield supports, and coal bumps.INTRODUCTIONThe International Conference on Ground Control in Mining (ICGCM) was founded in 1981. Since then, 1,546 papers have been published in the 36 conference proceedings, including the three surface subsidence workshops held in the 1981, 1986, and 1992. All types of topical areas regarding mining, from geotechnical core loggings in the exploration phase through backfilling after mining to finally spoil piles stability on the surface, have been addressed. A review of these papers, and other related literature as well, indicate that ground control has developed to become an inseparable part of mine design and a problem-solving tool for safe production.After 34 years, it is time to look back and identify the areas that need to be emphasized and to look forward to see what areas need to be researched in the future. There is no doubt that the conference series has achieved the goal for which it was originally designed: to provide an annual forum for the exchange of information among the researchers, government regulators, equipment manufacturers, consultants, service providers, and—above all—mine operators. There have been many papers addressing the application of ground control techniques for successful mine design and safe production, and, without these papers, many projects would have failed. In fact, the conference emphasis on application types of papers may have steered too far toward the application side. A review of the conference papers shows that papers have been leaning mostly toward the applied side, leaving most, if not all, fundamental issues behind in nearly every topical area. This paper addresses research needs in 12 topical areas: mine geology, rock property, zones of disturbance in overburden, computer modeling, underground stress measurements, research method, roof bolting, coal pillars, failures, subsidence, shield supports, and coal bumps."

Jan 1, 2015

By K. Lomberg

In this paper the process of sampling and assaying as it relates in particular to the platinum group elements (PGEs) is presented. A discussion of the geology of PGE deposits is included to provide an understanding of the mineralization that is considered necessary prior to sampling, as this has a direct bearing on the mineral resource estimate and also the selection of an appropriate mining cut. The discussion includes the selection of the sampling technique (drilling or face sampling), the size of the sample relating to the requirements of the laboratory, the potential mining cut, as well as a reference to sampling theory. The selection of an assay technique that is appropriate and will yield the optimal result based on sample turnaround, precision, accuracy, and cost is then considered. Examples are drawn from work undertaken on the Bushveld Complex (Merensky Reef, UG2 Chromitite Layer, Platreef) and Great Dyke (Main Sulphide Zone). A discussion of the appropriate QA/QC programme includes the chain of custody, CRM selection and the QA/QC process. Keywords sampling, assaying, QA/QC, platinum group elements.

Jan 1, 2014

By R. B. Massy-Greene

Project engineering and development is a process of optimisation of capital, operating and financial costs, and extraction rates in the light of current and forecast economic conditions for the sale of the product. The aim of the process is to maximize financial returns to the sponsors (project owners) within many often conflicting constraints. Thus, the sponsor's engineering and financial staff have a common goal, with performance measured in financial terms. Consequently, each group must be aware of, and responsive to, the constraints imposed upon the other. For financial staff, the increasing size and complexity, and escalating capital costs of new ventures have required them to seek finance in larger amounts, and by non-traditional methods. In addition, senior management are requiring indications of the availability of finance as a pre-requisite to a decision to commence project development activities.

Jan 1, 1982

"The standards set out requirements of the Toronto Stock Exchange for company’s providing information to investors, regulators and/or the media regarding their mineral properties. In addition, information contained in new releases, continuous disclosure documents [annual report], or other forms of communication [printed investor relations materials and electronic publications] are also subject to these standards.1.0 INTRODUCTIONThe disclosure of the results of exploration and development activity on mineral properties mustcomply with the requirements of the Toronto Stock Exchange Policy Statement on Timely Disclosure, theOntario Securities Act and all applicable policies and rules of the Ontario Securities Commission and anyother securities regulatory body having jurisdiction over an issuer listed on the Exchange. In particular,the requirements of National Instrument 43-101 must be followed.The purpose of the standards is to set out the requirements of the Toronto Stock Exchange when acompany provides information to investors, regulators and/or the media regarding its properties, whethersuch information is contained in a news release, a continuous disclosure document such as an annualreport, or other form of communication, including, but not limited to, printed investor relations material andelectronic publications such as Internet Web sites. These standards do not apply to prospectuses orlisting applications, the standards for which are contained in the policies and rules of the securitiescommissions and the Exchange. These standards are also not intended to establish requirements for thecontent of technical reports.Any information published by or on behalf of a company must comply with these standards. If acompany becomes aware of information published by others regarding its mineral properties which ismaterially misleading to investors, it should take appropriate action to correct such information orotherwise make it known that it is not responsible for publishing such information and does notnecessarily agree with such statements.Disclosure concerning mineral properties should identify the ""qualified person"" as defined in NI 43-101 who is responsible for the work conducted on the property and such person shall have read andapproved of the technical disclosure."

Jan 1, 2003