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By P. Tolvanen, A. Jalili

"When hard times strike in the mining cycle, sites tighten their belts and focus on lowering their unit costs. Lower unit costs can be achieved by reducing expenditure, increasing production, or by a combination of both. Faced with these requirements, site personnel must turn to areas where they can focus their effort for maximum return. For many sites, both in Canada and overseas, focusing on improving flotation cell maintenance is one of the areas where gains can be made for minimum outlay. Due to resource limitations and/or lack of equipment understanding, maintenance on many sites is only conducted on a reactive basis, once equipment fails. This paper will promote the idea that mineral processors should become more familiar with their equipment so they can ensure that the plant’s ability to produce is not compromised. By better understanding the flotation equipment and ensuring the critical components are maintained, it should be possible to unlock value in an operation. Flotation equipment inspections will be discussed in detail, including key items to look for during these inspections. Potential approaches for predicting wear and change-out time for flotation equipment components will be also demonstrated. An example of one approach used at a South African nickel site will be given.INTRODUCTIONWith metal prices decreasing and operating costs rising, concentrator operators are looking for ways to improve their bottom line. Lower unit costs can be achieved by reducing expenditure, increasing production, or by a combination of both. To meet the expectation of shareholders, mineral processors must turn to areas where they can get the best return for their efforts. One area where there is a large opportunity for improvement is in the maintenance of flotation equipment.On many mine sites, both domestically and around the world, it is quite common to see the philosophy applied of repairing equipment only once it has failed. Though some sites have advanced enterprise management systems and monitoring programs, in the authors’ experience, the decision on flotation equipment maintenance is rarely made on a proactive basis. Two common trends that are evident in the mining industry are that operations are under pressure to keep the plant producing, and maintenance managers generally have very strict budget targets to meet. In addition to these factors, few sites have a good understanding of the financial implications of running with worn or broken flotation equipment. Knights, Jullian and Jofre (2006) summarize this situation well, stating that the lack of correlation between some commonly used maintenance performance measures and key business drivers can lead to maintenance being seen only as a cost center (that needs to be reduced) rather than a tool for productivity improvement."

Jan 1, 2015

By C Staak, H Mischo, A Fichtner, F Reuter

In mining and remote areas of resource industry, there has been a development towards lacking emergency medical first aid response, that creates a potential disadvantage for patients after work accidents and other medical emergencies compared to standard population. This raises the question how a professional emergency medical coverage can be provided underground, taking into account lacking medical professionals in small resource companies combined with long rescue times. Aiming on the closure of this gap, a team of the mine rescue brigade from the Research and Training Mine Reiche Zeche (Forschungs-und Lehrbergwerk (FLB) Reiche Zeche) of the TUBAF Technische Universität Bergakademie Freiberg in Freiberg/Germany and its cooperating emergency departments of the Freiberg District Hospital and the Zeisigwaldkliniken Bethanien Chemnitz developed a totally new rescue concept using elements from tactical medicine and advanced emergency medicine combined with a specifically designed compact equipment and a highly standardised teaching curriculum. A fully new standardised and condensed tactical medical approach was developed including specifically adjusted equipment, and was taught in a didactically optimised way within 16 lessons in two days. Objective Structured Practical Examinations (OSPE) using manikins and simulated patients were conducted and compared to the identical exam of the reference group, which consisted of advanced paramedics. The standardised tactical medical scheme includes vital functions and body checks, advanced life support, nasal and intraosseous drug application, supraglottic airway management, artificial ventilation, thoracocentesis, bleeding control including tourniquet, fracture repositioning and splinting, transport bedding and thermal preservation. The developed Tactical Medical Mining Rescue (TMR) concept was subsequently included in the German guidelines for mine rescue services in 2022 and is already implemented in many companies in Germany and several international projects.

Sep 1, 2024

The traditional technological flow sheets for processing of ferrous quartzite (magnetite ores) al-low production of the iron concentrates with Fe content of 65%~68 % and recovery level about 55 %. The losses of iron with the tails of wet magnetic separation are related to hematite and quartz-magnetite particles, which are not extracted under low magnetic field employed. This work presents the results of the application of reverse cationic flotation for production of hematite concentrates with weak silica content from the tailings of wet magnetic separation of mag-netite. Fine particle size, complex mineralogy and presence of locked particles determine the impos-sibility of direct production of hematite concentrate by flotation or magnetic separation. The gravity concentration allows obtaining of iron concentrate from the well-prepared feed (size fraction -53+20 µm) but with very low recovery. Thus, hematite concentrates with weak silica content and satisfactory iron recovery were obtained by reverse cationic flotation, when it was fed with iron pre-concentrate produced by high gradient magnetic separation. The best flotation results were obtained by the use of formulations based on amines of different molecular structure that modulate the structure of adsorption layer, and favour a shifting of hydro-philic-hydrophobic balance on the surface of silicates with adsorbed starch and their preferential transfer into the froth product.

Jan 1, 2014

By Earl F. Hastings

The Pilgrim mine, operated by the Pioneer Gold Mining Co., is 9-1/2 miles west of Chloride in the Pilgrim mining district on the eastern slope of the Black Mountains, or River Range, Mohave County, Ariz. In March 1937, 100 tons of gold ore per day were being mined and milled at the property by a total force of 5i men. Climatic conditions allow year-round operations. Due to present activity in the county there is an ample supply of labor for the requirements of the mine. The Pilgrim is the only producing property within s radius of 6 miles; recently, however, the South Pilgrim Mining Co. has launched a development campaign on claims that adjoin the Pioneer Co. property to the south.

Jan 1, 1937

By R. Hildebrandt, K. Cybulski, G. V. Goodman, Z. Dyduch, M. L. Harris, M. J. Sapko

Past research showed that bituminous coal dust remains dry and dispersible in the presence of moisture. Rock dust must disperse with the coal dust to effectively inert a propagating coal dust explosion. Non-treated rock dust readily absorbs moisture, limiting its dispersibility, while anti-caking treated rock dusts can remain dry. The National Institute for Occupational Safety and Health contracted the Central Mining Institute in Poland to conduct large-scale testing in their Experimental Mine Barbara to determine if a treated rock dust can be as effective as non-treated rock dust in attenuating or quenching coal dust explosions under the same experimental conditions. INTRODUCTION One of the goals of the National Institute for Occupational Safety and Health (NIOSH) is to conduct research to reduce the risk of mine disasters and provide workplace solutions to reduce the risks associated with accumulations of combustible and explosible materials; the most common form of which is the generation of coal dust during the mining process and its subsequent distribution downwind. Dispersible rock dust is a primary defense for preventing coal dust explosion propagation in underground coal mines, and its properties are defined in 30 CFR 75.2. “Pulverized limestone, dolomite, gypsum, anhydrite, shale, adobe, or other inert material, preferably light colored, 100 percent of which will pass through a sieve having 20 meshes per linear inch and 70 percent or more of which will pass through a sieve having 200 meshes per linear inch; the particles of which when wetted and dried will not cohere to form a cake which will not be dispersed into separate particles by a light blast of air; and which does not contain more than 5 percent combustible matter or more than a total of 4 percent free and combined silica (SiO2), or, where the Secretary finds that such silica concentrations are not available, which does not contain more than 5 percent of free and combined silica.” An earlier NIOSH investigation of rock dust revealed two significant concerns with the supply of rock dust to U.S. coal mines: 1) insufficient particles <200 mesh (75 μm) and 2) all rock dusts when wetted and dried formed cakes and were not easily dispersed with a light blast of air (1). Past research by the U.S. Bureau of Mines and others showed that bituminous coal dust remains dry and dispersible in the presence of moisture (2). Rock dust must also be dispersible in concert with the coal dust to effectively inert a propagating coal dust explosion (3, 4, 5, 6). Non-treated rock dust, however, readily absorbs moisture, limiting its dispersibility, while a rock dust treated with long-chain fatty acids (such as stearic acid) can remain dry and dispersible. Stearin-treated rock dust has been used in British coal mines (7) and is commonly used in Polish coal mines.

Jan 1, 2019

By George T. Motock

The author prepared the following report as the result of a trip to Germany in the summer of 1945 for the Technical Industrial Intelligence Commitee Subcommittee on Metals and Minerals. The purpose of this committee, which functions under the Joint Intelligence Committee of the Joint Chiefs of Staff of the United States Armed Forces and of which the Bureau of Mines

Jan 1, 1946

By V. K. Chandaliya

N-Methyl-2-pyrollidone (NMP) has already been proven a good solvent for extraction of coal. It is believed that organic components of coal are likely to be dissolved with the solvolytic power of NMP. During dissolution process, original coal also gets disintegrated and thus helps in further extraction. Coal extraction highly depends on temperature, coal to solvent ratio, N-Methyl-2-pyrollidone (NMP) to Ethylenediamine (EDA) ratio and the size of coal particles. The process has been established in the laboratory. There is no reference available beyond lab scale. In present study, we are running a bench scale plant with 40 kg/batch capacity. Design of experiment was done in such a way that the optimum zone of the process gets evaluated for clean coal having low ash with high yield. Bench scale plant trial was conducted based on optimum zone developed during design of experiments (DOE). From the DOE analysis it was observed that feed size and coal to solvent ratio are important parameters for this process. Total 27 experiments (four factors with 3 level of variation) were designed through Box-Behnken model. It was observed that -0.5 mm feed size of coal, 150 °C extraction temperature, 17:1 NMP to EDA ratio, 1:9 coal to solvent ratio was optimum conditions. The results obtained at optimum conditions are 50% clean coal yield with 5% ash.

Sep 1, 2012

By J. Fournier, D. Fortin, F. Robichaud

Since milling began in 1988, the Laronde mill has been expanded several times, the most recent, increasing the milling rate from 5 000 to 7 000 mtpd. Laronde uses SAG/ball mill grinding followed by copper and zinc flotation circuits. A cyanidation/Merrill-Crowe process recovers the remaining gold and silver in the flotation tails in order to cope with high silver/gold ratio associated with the discovery of the Penna shaft. Since the commissioning of the Merrill-Crowe refinery in 2000, several modification and expansion projects were performed to reduce health and safety hazards. Remarkably, several of these improvements have contributed at increasing productivity and Net Smelter Return of the refinery while reducing worker&apos;s injuries. In 2004, the refinery was audited to evaluate and quantify the circuit performance. Metallurgical and mechanical operating conditions of the refinery are now understood and areas for further improvements are well defined. This paper describes some of the factors that have contributed to this improvement and describes how ergonomics and recovery can further be improved.

Jan 1, 2005

By Franklin Bache

THERE seems to be in the public mind, and even in the minds of some coal-operators not experienced in mines subject to dust-explosions, a feeling that there has been something mysterious at the bottom of a number of recent American colliery-explosions. It has been declared in cases of accidents in mines regarded as particularly well equipped, in which every preventive precaution was said to have been taken, that the explosions were incomprehensible, and resulted from causes beyond the present knowledge of the practical coal-operator. But it is safe to say that no explosion has taken place which could not be explained by reasons well understood by most operators. The LT. S. Geological Survey Test Laboratory, recently inaugurated at Pittsburg for the reported purpose of investigating scientifically the matter of explosions in mines, will discover no new explanation of explosions. It call, however, co-ordinate the previous investigations of similar boards in England and on the Continent; and it may do a vast amount of good by promulgating widely, and in a form comprehensible by the most unlettered miner, certain facts and obvious deductions that cannot but have an effect in reducing the number and extent of the mine-disasters which, in the last few years, have been so terrible in frequency and magnitude. The only possible sources of explosions of any magnitude in coal-mines are : (1) explosives stored in quantity in the mine; (2) gases generated or liberated in the mine; and (3) coal-dust. Combinations of any of the three may, of course, take part in the result. The danger of any great loss of life from stored explosives alone is very remote. The simplest ordinary precaution forbids the presence, in one place underground, of any considerable quantity of explosives, and it would require an

Aug 1, 1909

By Nicholas Kyriazi, John P. Shubilla

A joint effort by the U.S. Bureau of Mines (USBM) and the US. Mine Safety and Health Administration (MSHA) was undertaken to determine how well self-contained self-rescuers (SCSR&apos;s), deployed in accordance with Federal regulations (30 CFR 75.1714), held up in the underground environment with regard to both physical damage and aging. This report presents findings regarding laboratory-tested SCSR&apos;s in the fourth phase of testing from 1989 to 1993. The SCSRYs were tested on human subjects and on a breathing and metabolic simulator (BMS). These results indicate that most of the apparatus, if they pass their inspection criteria, perform as expected except units with manufacturing defects. However, when the apparatus are carried in and out of the mine daily and stored at the working section, they may suffer abuse. Physical signs of abuse, unless extremely obvious, are frequently not detected by the miners or mine operators. In addition, some apparatus collected for this study had not been returned to the manufacturer in a recall effort for correction of a manufacturing defect. In both cases, the apparatus would have presented problems in emergency use. Recommendations include improved training in inspection procedures and better enforcement of recall notices.

Jan 1, 1994

By A. Banerjee, J. P. Weiler, J. Jekl, J. T. Wood, R. Berkmortel

"The work presented here is part of an ongoing project designed to develop predictive capabilities of the local mechanical properties, and thus, structural behaviour of a thin-walled high-pressure die-cast AM60B magnesium alloy component. This work focuses on developing correlations between process parameters and local microstructure. Numerical simulations of the die filling and solidification behaviour of the AM60B component were used to estimate local process parameters such as solidification rate, temperature gradient, filling velocity, etc. These estimated parameters were used to establish semiempirical correlations with measured VALUES (of the local microstructure measured in regions throughout the component of different solidification conditions. INTRODUCTIONHigh-pressure die-cast magnesium alloys are experiencing increasing use in structural automotive components. A strength-to-weight ratio comparable to steels and its ease of castability allow for these alloys to be utilized in such capacities as instrument panel beams, seat and door frames, and engine cradles, among others (Gjestland and Westengen, 2007). However, the current use of these alloys is limited due to variations in local mechanical properties. These local property variations restrict part designers to assume lower than actual properties, resulting in larger sections, thus diminishing the light-weighting advantages of magnesium alloys. If these local property variations could be predicted, part designers would be able to optimize die-cast magnesium alloy components and fully take advantage of the light-weighting capacity of these materials.The work presented here is part of an ongoing project aimed at developing predictive capabilities of the local mechanical properties, and bulk mechanical performance, from variations in local microstructure, and ultimately from local process parameters in die-cast magnesium alloys. This project, unique in its nature, is based upon the results determined from fifty sequentially cast AM60B magnesium alloy instrument panel beams provided by Meridian Lightweight Technologies (shown in Figure 1)."

Jan 1, 2012

By J. Moema, L. Mampuru, M. Phasha, D. Mkhonto

The global liquified natural gas (LNG) storage market size is projected to reach USD17.5 billion by 2025. Currently, owed to its high toughness, tensile strength, and excellent weldability, the 9% nickel steel is the most used in building infrastructure for cryogenic applications such as the construction of tanks and pipes for storage and transportation of LNG. However, this alloy is not readily available because of its complex production process and high cost. This provides an opportunity for suitable alternative materials to build infrastructure for cryogenic applications. Among strong contenders is the Fe-Mn based alloys, which have sparked global interest due to their desirable properties such as relatively lower density, low cost, high toughness and strength, due to a high manganese (Mn) content. These attractive properties render Fe-Mn based alloys preferred candidates to replace traditional steels in engineering applications in which strengthweight ratio is critical. In response, as a build-up to designing and developing austenitic Fe- Mn alloys, the present study employed density functional theory (DFT) based first-principles computational materials modelling technique to investigate the structural, thermodynamic, and magnetic properties of binary Fe-Mn alloy composition in competing FCC, HCP, and BCC crystal structures. Using this approach, it was possible to unravel the key underlying elastic properties that are directly correlated to experimental tensile strength and high toughness in binary Fe-Mn alloys. Besides successfully validating the existing experimental data, the current predicted properties and the deployed approach will serve as a benchmark from which further alloying required to improve other properties will be conducted.

Mar 4, 2025

By H. Brüggemann

The exploration of deposits generates geological data which are suitable for creating a preliminary tectonic and stratigraphic model. Linked with the topographical map and analysis data from exploration drillings, this information forms a numeric representation of the deposit. The following example demonstrates an expert system which connects chemical quality requirements and quarrying criteria, and develops a quarrying strategy based on the calculated model. Additional constraining factors like process technology, quarrying methods, landscape protection regulations, etc. are included. The goal is to guarantee a long-term, homogeneous material flow from the quarry at acceptable production costs - even in the case of an extraordinarily inhomogeneous deposit. In order to fulfil this requirement it is necessary to consider a large number of rules, criteria and instructions which can be structured as an expert system and programmed with LISP at a comparably low cost. The chosen strategy is not necessarily final, but can be changed any time by altering or varying the framework of conditions. The output consists of a block-working sequence which best satisfies the set requirements for appropriate points of quarry opening.

Jan 1, 1987

By G. K. Palshikar

Mining operations offer many opportunities for the use of IT and communication technologies to improve automation and thereby deliver higher levels of productivity, cost, quality and safety. In this paper, we discuss a particular application, namely, building a fully automated train control and operation system within a mining area. We first outline the basic architecture and functionality of such a system and then present a real-life case study where the railway system within a remote iron ore mine in Canada was converted to a fully automated train operation system. This hard real-time safety-critical system required the use of advanced technologies such as embedded systems (e.g., on-board train controller), radio communications, formal methods, optimal scheduling, and extensive simulations. We focus on the design aspects for maintaining the system in safe states.

Sep 1, 2012

By K. W. Cathrine Solem

Filtration of liquid aluminium is widely used in the industry for the removal of inclusions, and Ceramic Foam Filters (CFFs) are often the filtration media of choice. It is known that PH3 (phosphine) can be released from used phosphate bonded CFFs when in contact with water. Additionally, there is a need of an improved understanding of the thermal stability and the chemical reactivity of these types of filters, as there is limited information available in the public domain. In the present preliminary study, three CFFs, i.e. Substrate 1–3, with varying AlPO4 (aluminium phosphate) content were studied under controlled conditions. Samples of the substrates, as produced and in contact with 5N pure aluminium, were heat-treated in a vacuum induction furnace at 850 °C and 1300 °C, as well as thermally studied at 850 °C using a Differential Scanning Colorimeter connected to a Thermogravimetric Analyser (DSC-TG). All tests were performed under an inert atmosphere of argon (Ar). Mass changes of ∼0.001 % were registered for the pure substrates, and 0.003-0.10 % when in contact with aluminium. In the latter case, diffusion of P (phosphorous) from the bulk of the substrate to the interface was established to have taken place. A colour change, from white to orange/brown, was also observed at the interface, which is a clear sign that a chemical reaction has taken place. As a result, the thermal stability of the substrates can be questioned under present conditions.

By Parry. V. F., W. S. Landers

"INTRODUCTION Approximately 1,250,000 tons of 2-1/2-inch and 1-1/2-inch slack, representing over half of the output from 40 to 50 mines, is produced in the Denver region each year. Part of this slack is made by crushing lump, and some of it is rescreened to make pea and modified pea sizes measuring 1-1/2 inches by 2-1/2 inches and 3/4-inch by 1-1/2 inches, round-hole. Modified pea is popular as domestic stoker fuel. Approximately 900,000 tons of slack 0 by 2-1/2 inches, 0 by 1-1/ 2 inches, and 0 by 3/4-inch in size are consumed by industrial plants, the principal consumers being a large power plant and the beet-sugar industry. The power plant uses annually 250,000 to 275,000 tons of pulverized fuel and can pulverize slack of any size, while the sugar factories consume about the same quantity of coal in stokers. The sugar factories store about 110,000 tons of 2-1/2-inch slack under water from January to October, and burn the remainder of their consumption directly during the campaign season from October to December. For this purpose, sugar-factory power plants can use any size of slack, which is recrushed to pass a 3/4- or 1/2-inch screen before burning on chain-grate stokers. About one-third of the 2-1/ 2- inch slack produced in the field is used in smaller industrial plants that employ stokers.Certain factors affect the utilization of 2-1/2-inch slack in the Denver region. The increasing production of hydroelectric power has reduced the consumption of coal at power plants slightly. If more hydropower is generated, the trend of consumption of slack might be downward, unless industrial activity offsets this greater output. Rapid increase in number of domestic stokers during recent years has necessitated preparation of greater quantities of stoker coal, with the result that more lump is crushed, and preparation facilities are changed. At present about 19 percent of the coal produced is crushed to meet the constant demand for industrial fuel as well as the increasing but variable demand for the small domestic stoker sizes. The quantity crushed has increased 12 percent during the last 6 years. These factors are shifting constantly. The trend toward the use of clean and smaller sizes for domestic stokers gives a slack having a larger proportion of fines. In future, even greater quantities of small stoker coal probably will be prepared, and the resulting greater quantities of small slack will have to be used for industrial purposes."

Aug 1, 1942

By A. E. Jack Swanson, Brian P. Micke

INTRODUCTION Nevada Goldfields began underground mining development at the Kingston Project in September, 1986, followed by mill start-up in March, 1987. The first gold pour in April followed three years of preparatory work in establishing a North American operational base for the production of precious metals by Golconda Minerals N.L., an Australian mining firm. GENERAL CORPORATE BACKGROUND The Golconda Group of companies was established in early 1983 in Australia. It began operations by successfully retreating tailings at several old gold mining sites throughout Australia. With the limited reserves available for tailings retreatment, Golconda began to look toward the future by conducting a gold exploration program in Australia. However, the continued high price of gold in Australia had limited the possibilities of acquiring good properties at a reasonable cost and consideration was given to looking outside Australia in addition to Golconda&apos;s domestic exploration activities. North America was favored because of the proven potential for substantial gold deposits, the established infrastructure which would allow for rapid and cost-effective development of new projects and the advantages of similar political and economic climates. In mid-1984, Golconda established an office in California and began an extensive study of over 100 prospects throughout the United States. Two prospects were identified as a result of this study whch showed merit; one was located at Empire, Colorado and the other at Aurora, Nevada. Negotiations were then successfully undertaken to acquire these two properties. Golconda&apos;s U.S. offices were moved to Reno, Nevada in early 1985 to facilitate management of its projects. To operate and manage these projects, a small Canadian company listed on the Vancouver Stock Exchange, Cannon Minerals, was acquired by Golconda and renamed Nevada Goldfields Corporation. The current structure of the company is shown below in Figure 1. A private placement of 2,575,000 shares of common stock at US54.00 per share was arranged by Jacksons Limited of Australia in association with W.I. Carr (U.K.) Limited of London. This placement resulted in US510.3 million being available in May, 1986 for the acquisition and initial development of the Aurora and Empire projects. While the financing was underway, project planning commenced on both the Aurora and Empire projects. The Aurora project was selected as the one to be initially developed because of its relatively advanced stage of development. The

Jan 1, 1987

The ore studied occurred in the Three Rivers area in China and was a silver-lead-zinc complex ore containing 400.52 g/t silver, 4.77 % lead and 3.47 % zinc. Silver, lead and zinc were the major valuable elements in the ore and copper, cadmium and tin were the associated elements to be comprehensively recovered, whereas arsenic was the harmful element. The element silver occurred mainly in freibergite with small proportion in dyscrasite and other silver minerals. The carrier minerals for silver were mainly galena and oxidized lead minerals and then sphalerite, arsenopyrite and pyrite. The ore contained numerous minerals with complex mosaic texture and the lead and zinc minerals enclosed each other multiply, which made the separation of the minerals in the ore very difficult. Experimental investigation on the beneficiation of the ore indicated that with flotation separation process it was very hard to obtain single lead concentrate or single zinc concentrate that would meet the requirement of market. In the meantime, during the separation process of lead and zinc, silver tended to be dispersed, resulting in a low recovery of silver. Therefore, a rational utilization technique for the ore should be a combined process of bulk flotation to reduce arsenic? sulphating roasting of silver-lead-zinc bulk concentrate-leaching with diluted sulphuric acid to separate silver, lead and zinc. With this process quality lead concentrate containing silver and high grade zinc product and silver product could be obtained. The recovery of silver, lead and zinc in flotation was 85.10%, 84.48% and 82.48%, respectively. The total recovery of silver, lead and zinc in chemical processing was 97.07%(sum of recovery of silver ingot and lead concentrate), 99.61% and 90.93%, respectively.

Jan 1, 2014

By L. Filip

The roast-leach-electrowinning (RLE) process for zinc was modified to treat two typical complex concentrates containing zinc, lead, copper, gold and silver. Laboratory testwork results indicated that the optimum roasting temperature ranged from 700 to 800°C, in order to produce acceptable residual sulfur levels. The calcined concentrate was subjected to a three-stage leach sequence. The resulting leach solution was purified by hematitic precipitation and directed to the recovery of copper and zinc by solvent extraction and electrolysis. Alkaline smelting and subsequent electrolytic purification recovered the lead and precious metals from the leach residue. A flowsheet was developed based on the laboratory testwork results, and demonstrated in a large-scale pilot plant. The recoveries produced during the pilot plant operation ranged from 90 to 92% for zinc and copper, 85% for lead and 90% for gold and silver, respectively.

Jan 1, 1999

What is your personal view and assessment of the overall health of the industry in the current global economy? The economic outlook remains soft for the near future and, although the global economy is showing signs of recovery, uncertainty has tempered the pace of recovery. In addition to uncertainty, we are still facing significant economic challenges in many parts of the world, including Europe and the United States. The rapid expansion of China?s economy has recently slowed, further contributing to the sense of uncertainty in the overall health of the global economy. This situation is both a blessing and a curse, depending on which sector of the mining industry we are considering. For example, coal, industrial minerals, aggregates, base metal and precious metals markets are impacted by different forces and drivers and will experience different outcomes within the same economic environment. Let me give a few concrete examples to illustrate this concept. The prevailing economic uncertainty that I have just described tends to drive investors toward safe havens. Gold has historically been viewed as a safe haven and as long as investors shy away from traditional investments, gold prices will remain high and gold mining companies will continue to expand and invest capital in their operations. The same sluggish economy that drives gold prices higher has the opposite effect on other segments of the minerals industry. A great example of this is industrial minerals and aggregates used in construction. The markets that consume these minerals have contracted significantly over the past five years. The outlook for this segment is poor, as the glut of available housing continues to inhibit demand for new construction and, thus, many industrial minerals. In addition to this, the federal government?s lack of political will to enact long-term legislation funding transportation and infrastructure projects continues to be a drag on the U.S. aggregates industry.

Jan 1, 2013