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By Michael C. Newbury

For thousands of years gold has been not only a commodity, valued for its comparative scarceness, immutability and homogeneity but also a medium of exchange which has no nationality. Approximately 90% of the gold produced is still accessible in the world, although some of it in museums, galleries, jewellery and dental work is not immediately available for circulation. The majority is held as bars by central banks for their reserves; the balance circulates as coinage or bullion held for investment. The value is further enhanced by the political aspect that gold cannot be debased as paper currency can and, therefore, it always becomes an investment refuge. It has always been possible to buy and sell gold at a price which is readily established by reference to bullion's weight and purity; and it is this fact which makes a loan denominated in gold, rather than one in currency, a viable alternative means of finance. The purpose of this paper is to discuss some general aspects of what is considered to be one of the more effective and presently popular methods of financing the development of a gold mine - the gold loan. This is not intended to discuss all the minute details which must be uniquely designed to fit each individual situation, but rather to provide general guidelines. You will all be aware of the traditional sequence whereby companies primarily finance exploration work by the raising of equity through the sale of shares to the public or by that unique Canadian form.

Jan 1, 1987

By Malcolm Ross

Of the six forms of asbestos, only three have been used to any significant extent in commerce. These are chrysotile, crocidolite, and amosite. Between 1870 and 1980, approximately 100 million tonnes of asbestos was mined worldwide, of which more than 90 million tonnes was the chrysotile variety, about 2.7 million tonnes the crocidolite variety, and about 2.2 million tonnes the amosite variety. The three principal diseases related to asbestos exposure are (1) lung cancer, (2) cancer of the pleural and peritoneal membranes (mesothelioma), and (3) asbestosis, a condition in which the lung tissue becomes fibrous and thus loses its ability to function. These diseases, however, are not equally prevalent in the various groups of asbestos workers that have been studied: the amount and type of disease depend on the duration of exposure, the intensity of exposure, and particularly, the type or types of asbestos to which the individual has been exposed. Lung cancer is caused by exposure to chrysotile, amosite, and crocidolite asbestos; however, increased risk of this disease is usually found only in those who also smoke. Asbestosis is caused by prolonged exposure to all forms of asbestos, whereas mesothelioma is principally caused by exposure to crocidolite asbestos. There is good evidence that chrysotile asbestos does not cause any significant amount of mesothelioma mortality, even after very heavy exposure. The common nonasbestiform amphibole minerals, cummingtonite, grunerite, tremolite, anthophyllite, and actinolite, which are often defined as "asbestos" for regulatory purposes, have not been shown to cause disease in miners. Chrysotile asbestos, which accounts for about 95 percent of the asbestos used in the United States, has been shown by extensive Canadian studies to be safe when exposures do not exceed 1 fiber per cm3 for the working lifetime. Chrysotile dust levels found in buildings rarely exceed 0.001 fibers per cm3. Such dust concentrations will have no measurable health effect on the building occupants. Present and future controls of minerals defined as "asbestos" and removal of asbestos from buildings and homes may cost many billions of dollars. Much of this expense is unnecessary and even counterproductive. Asbestos abatement could in fact produce a health risk to those exposed to dusts during and after removal operations overly restrictive controls could force the use of poor or dangerous substitutes, and could greatly affect the hard-rock mining industry.

Jan 1, 1987

The Annual General Meeting of the South African Institute of Mining and Metallurgy was held in Kelvin House on Wednesday, 22nd August, 1979. Dr M. G. Atmore (President) was in the chair and declared the meeting open at 16h00. Obituaries President: It is my sad duty to announce the death of the following Members of the Institute : Brigadier R. S. G. Stokes, Honorary Life Fellow and Past President ; J. A. Arthur, C. L. Cartwright, R. B. Greaves, A. A. Haynes, G. Ross, M. W. Richards, W. T. Stobart, E. Veres, G. V. White, and A. G. Williams, Life Fellows; A. J. H. Pole, D. T. McMurray, P. G. O. Pretorius, A. E. D. Rubidge, A. M. Seccombe, and R. R. Uren, Fellows; R. E. Oltman, R. B. Richardson, and G. P. Rundle, Members; S. F. Dench and S. van Wyk, Associates. As a mark of respect to the memory of the deceased, and in sympathy with the bereaved, please rise and observe a few moments' silence. Minutes President: May we confirm the minutes of our last Annual General Meeting, which was held on 23rd August, 1978, as published in the November issue of the Journal? Agreed.

Jan 1, 1979

By K. P. Wang, Virgil L. Barr

The U.S. Minerals Attaché Program, similar to the scientific and technical attache programs of other industrialized nations, is designed specifically to keep surveillance on significant worldwide developments in minerals, metals, and fuels. Knowledge of international minerals developments is essential for both domestic planning and conduct of foreign affairs. CONTROLLED BY DEPT. OF STATE Ten minerals specialists-eight minerals attaches and two petroleum attachés-man this far-flung, worldwide program for the U.S. Government as best they can. Minerals attach& also handle oil, in posts lacking petroleum attaché. The legislative authority for the Minerals Attaché Program is the Foreign Service Act of 1946 and succeeding amendments and Presidential Executive Orders. Therefore, this program is controlled by the Department of State. Interior (representing the Bureau of Mines) and State collaborate in policy formation and direction by means of a "memorandum of agreement" which covers establishment of posts, selection of officers, contents of reports, and supplemental training. State also has about half a dozen nonspecialist officers to complement the work of the minerals and petroleum attaché. It is not the intention here to evaluate the administrative arrangements of this program but rather to describe it and to provide examples of the important job it is doing.

Jan 11, 1965

The importance of the Broken Hill mining field may be gauged from the fact that since the discovery of the ore-body in 1883, till the end of 1931, approximately 43,000,000 tons of ore have been raised.The lode covers a length of 31 miles, and in places is upwards of 300 ft. in width. The ore, as at present mined, consists of an intimately blended mixture of lead and zinc sulphides with silver and gangue minerals.Structurally the lode conveys the impression of a huge longitudinal arch (when viewed from the east or west), having its apex or crown near the centre of the field, in the leases of the Broken, Hill Proprietary Co. Ltd., where the lode outcropped at the surface.The minimum depth of the lode in the Proprietary mine was some 500 ft. from the surface, but huge undulations, having an average pitch of 45°, carry the extensions of the arch gradually deeper, to those places where active stoping operations are now in progress in the workings of the North mine at one extremity, and the South and Zinc Corporation mines at the other. The depth of the lode from the surface, as exposed at present, is approximately 1700 ft. at these extremities.The structure and physical character of the ore-body, and its containing walls, are so complex and varied that almost every type of mining problem is met with.

Jan 1, 1932

By Li YQ, Yoon RH

The photoresponse of natural mineral pyrite and galena electrodes has been studied in aqueous solutions on freshly fractured surfaces (some fractured in situ) using moderate overvoltages. When fractured in situ, the electrode potential of both minerals instantly drops several tenths of a volt. Pyrite exhibits a spontaneous anodic photocurrent at fracture, which indicates upward band bending (depletion layer) on the n-type electrodes. The negative surface charge responsible for the depletion layer is believed to arise from a surface state that is intrinsic to pyrite surfaces, possibly modified by hydroxide ion adsorption. The flat band potential, Vty, of pyrite is at approximately -1.0 V (SCE) at pH 9.2 but to reach V(b, pyrite has to be cathodically decomposed. In contrast, galena assumes the flat band potential at fracture. Subsequent polarisation of galena at potentials positive of Vth produces an anodic photocurrent (upward band bending) and polarisation negative of Vro a cathodic photocurrent. Most of the galena electrodes studied were degenerate n-type and at potentials negative of Vtb, no cathodic photocurrents are observed, indicating the bands cannot be bent downward, consistent with the Fermi level at the surface merging with the conduction band edge near Vn,. Several were close to intrinsic, with the photocurrent changing sign near Vn,.

Jan 1, 1993

By Sergio Demetrio

Over a period of nearly a hundred years throughout this century, the company direction and management of copper smelters in Chile has evolved from one characteristised by a paternalistic, autocratic style to one which empowers the local management team and people for running the smelter as a successful business. This paper discusses the evolution of the present style of management amidst changes in the Chilean Government, the mining industry and society since the beginning of this century.

Jan 1, 1999

Subsidence issues associated with historic mine workings have highlighted the need for enhanced geotechnical management of the Martha pit over the remaining life. In conjunction with a detailed analysis of pit slope issues a comprehensive geotechnical management plan has been developed at Martha and is being used as the basis for development of similar plans in other Newmont operations.   This paper covers the geotechnical issues facing the Martha operation and the development and application of the management plan.

Jan 1, 2004

By Ryan CG, Cousens DR, Griffin WL

The proton microprobe is developing into a vital tool in the geosciences, through its high sensitivity for in-situ detection of trace elements in the ppm regime. This paper will describe the instrument at the CSIRO Heavy Ion Analytical Facility at North Ryde, including features crucial to its successful application in the geoscience. Examples of applications in the basic geoscience and mineral industry related research are described briefly. Conditions required for widescale applications in the minerals industry are Discussed.

Jan 1, 1989

I once read an æarticleÆ in FHM Magazine entitled æThe Coolest Jobs There Ever WasÆ. It was about a group of guys who were pursuing careers that any person on the planet would just kill for. I distinctly remember drooling over the pages, thinking how much I would love to be Michael SchumacherÆs Chief Engineer at Ferrari, or the Principal Designer and Tester for one of the big Dutch rollercoaster companies. From that moment on, I decided that I wanted a career that was cool enough to make it into the pages of that article. Throughout my time at university, I always had that article in the back of my mind. As a result I constantly wondered about what sort of job I could end up with once I left university. More importantly, I wondered if FHM would be banging down my door to put me in the magazine! After a long and stressful job hunting process (in between completing a thesis and studying for exams) I finally managed to land myself a job with Orica Mining Services. I can honestly say I didnÆt know what to expect when I first joined Orica. Most of my friends ended up working for big mining companies, while I was offered a position with one of the biggest suppliers to these mining companies. However, I had a feeling when I was discussing the role with my future supervisor during the interview process that the job was going to be awesome. I have now spent a year working for Orica and I absolutely love it! While I feel that my job is worthy of being in that FHM article, unfortunately, I donÆt think I am going to get my opportunity to be in the magazine. Apparently I donÆt look too good in a bikini! However, I would love to have the opportunity to discuss the journey that I have taken so far û from my time as an environmental science graduate, then moving on to mining engineering, to now, being part of the Orica Mining Services Graduate Program. My suggestion is to use this paper as a resource. I have learnt during my time at university, as well as my time in the workforce, that the best people you can learn from are your peers. Take what you feel is relevant from the paper; hopefully it will help guide you in shaping your own career.

Jan 1, 2005

By Walter Renton, Ingalls

SEVERAL years ago I became interested in computing the historic lead production of the United States, and the mines, or mining districts whence derived. This led me subsequently to an examination of the recent records- of some of the American zinc-mining districts and of the great lead and zinc-mining districts in foreign countries. My present article thus will be to a large extent an addendum to my book, "World Survey of the Zinc Industry," which was published by the Mining and Metallurgical Society of America in 1931, and to which I shall refer hereinafter as Ingalls, op. cit. Throughout this article all expressions of tons mean the ton of 2000 lb. Where original data have been given in metric tons I have converted in many instances simply by multiplying by 1.1, and long tons by 1.12. I have not been fussy about digits and have rounded off many figures. These may explain differences between data herein and other data.

Jan 1, 1946

By H. S. Geismer

INTRODUCTION. THERE are three general methods available for obtaining commercial brown iron-ore : hand-screening; washing; and washing and concentrating. Hand-screening has produced a large tonnage of ore in the past, but is rapidly falling into disuse, except as a preliminary step, largely because modern furnace-practice requires all foreign material to be separated from ores before they are delivered to the furnace, and hand-screened ores can rarely be made to fulfill that requirement. Another argument against hand-screening is, that the waste-pile often contains as much ore as the screen recovers. The operation known as hand-screening consists of throwing the ore-bearing material against a stationary inclined screen of 0.5- to 0.75-in. mesh, similar in construction to the screens employed in sand-pits. The recently-prospected brown-ore deposits of Cuba seem to offer possibilities for hand-screening not possessed by the average American deposit, since these ores are not associated with worthless clays. Washing, and washing and concentrating, may be discussed together, since concentrating is never practical on brown iron-ore, except to treat ores that have already been washed. (Strictly speaking, washing might be classed as concentrating, but it is never so designated by brown-ore men.) The various steps of removing ore-bearing material and converting it into ore suitable for blast-furnace use, may be grouped under five heads: loading for transportation ; transporting ; feeding into the washer; washing; and concentrating. These five subjects will be considered in consecutive order. Each of these successive steps may be accomplished in a number of different ways, the choice depending entirely upon the character of the ore-bearing material to be treated.

Aug 1, 1911

By M. W. Cox, V. F. Hollister

Exploration for metallic mineral deposits is carried on by those special adaptations of methods which the explorer believes will yield most economically or satisfactorily the particular answer sought. In this project the usual methods of geologic observation, recording, and interpretation, when combined with magnetic geophysical methods and geochemical soil sampling, led to disclosures of appreciable zinc mineralization where none was visible in surface exposure. Since 1945 considerable work has been done with geochemical prospecting methods, chiefly in determining the presence and distribution of various elements existing in minor amounts in rocks, soil, vegetation or waters of mineralized areas. Such work, in which the U. S. Geological Survey has taken the lead, finds a ready place in the field repertoire of the exploration geologist as a supplement, not a substitute, for other methods. The Chollet project was carried out in 1951 by the American Smelting & Refining Co. near its Van Stone mine in northern Stevens County, Wash., in the area shown in Fig. 1

Oct 1, 1955

By Robert Y. Grant

This study outlines the history of metal mining in Japan and the characteristics of the industry as they existed from 1925 to 1945. Mining and milling operations are described together with the role of the Japanese Government. A description of post-hostilities conditions and the present state of the industry is included.

Jan 11, 1951

By Bond W. F, Sharry P. V, Onley P. G

The use of Decision Analysis is becoming more widespread in industry as a whole, and there is considerable scope for its application in the mining industry. Wherever decisions have to be made, whenever risks have to be taken, whenever uncertainty exists or whenever judgements have to be made, then Decision Analysis can be used. In the mining industry we daily make many decisions involving risk, uncertainty and judgement. Expansion and diversity will only increase the need for balanced decision making techniques. This paper seeks to describe the history and principles of Decision Theory, and to illustrate the various modelling approaches using three fictitious yet realistic case studies. Decision Analysis logically integrates the quantifiable and seemingly non-quantifiable aspects of a decision problem into a coherent, explicit and rational solution. It also allows the decision-makers to see the full impact of each variable or uncertainty, and hence focus on the key aspects that influence the solution.

Jan 1, 1996

By Mick O'Meara

Metal Organic Chemical Vapour Deposition (MOCVD) is used in the production of computer circuit boards and metal shapes in nickel, gold, copper, cobalt, etc. All varieties of .MOCVD use the decomposition of a vapour of organometallic compounds to produce different forms of ultra-pure metals, or alloys. CVD Manufacturing's proprietary MOCVD process has been adapted and developed to produce commercially ultra-pure metal shapes, metal powders, and metal foams. Therefore, it is a purification process. The typical process has three steps. First, a volatile metal organic compound is produced from volumetrically contaminated metals, metal oxides, etc. Typical feed materials are metal powders, ores, concentrates, or a slurry of metals and contaminants. Secondly, the volatile. metal organic compound is purified by fractional distillation. Thirdly, the purified metal organic compound is decomposed into different forms of ultra-pure metals, such as net shapes, powders, or metal foams. A mixture of metals can be purified either by the selective production of volatile materials, or a separation can be achieved during the second step, in the fractional distillation stage. The purification and recycling of metals by the MOCVD process will be discussed, particularly with regard to nickel, aluminum, gold, the platinum group and other metals.

Jan 1, 2000

By R. A. Bergman, P. G. Thornhill

Development of the Falconbridge Ferronickel Process for treatment of lateritic nickel ores began with laboratory work in 1955, the year the Company commenced exploration of its concession in the Dominican Republic. Process development centred on selective reduction originally directed to producing calcines amenable to ammonia leaching, but later found suited to electric smelting. The reduction step of the process was developed in a 25 tpd shaft furnace pilot plant located in the Dominican Republic, to which was later added an electric melting furnace. After almost 3 years of development work on this scale the plant was expanded to 100 tpd for fixing design data for a commercial plant. This took the form of the 30,000 ton per year Nickel Ferro-nickel Complex of Falconbridge Dominicans, which started up in 1971.

Jan 1, 1979

By E. W. Codington

The pebble-phosphates of Florida occur in a district roughly bounded on the north by the 28th parallel, on the east by an irregular line running a few miles east of Peace river and on the west by the Gulf of Mexico, and covering an area of about 4000 square miles. There seems to be no reason why the deposits should not extend farther south along the gulf coast. That section remains unprospected, transportation-facilities being non-existent. It is not intended in this paper to discuss the geology of these formations; but a word as to their probable origin will be perhaps the best method of giving a correct idea of their present position. Starting with a low, flat surface, with even less of superficial undulation than appears at present, an im-

Jan 1, 1896

By J. E. Moyle

The costs of labour and electric power are of prime concern to almost all industrial enterprises, and various methods of reducing their impact on production costs are constantly being developed. Automation is one of these schemes, and has received a good deal of attention in the past few years. In the mining industry, compressed air is almost universally used, and its cost is significant. Although the compressor machinery now in use has achieved a high degree of development, the hazard of explosion and fire still exists in these systems. There is thus considerable resistance in some quarters to suggestions that such installations can be safely and successfully automated. The Milliken power plant consists of two 30,000 lb. /hr. fully equipped high-pressure boilers, four H.P. air compressors, a steam turbine for stand-by power, and several L.P. compressors and vacuum pumps. With the installation of automatic and protective equipment in the machinery section, the shift force has been reduced from three to two men.

Jan 1, 1963

By Trevor R. Ellis

The extractive industries addition to the International Valuation Standards (IVS) is scheduled for publication in the next edition of the IVS book in January 2005. This will provide guidance for valuation of minerals and petroleum industry assets of all types for all appraisal uses. It will provide asset valuation support to the International Financial Reporting Standards for the stock markets of the world, and a global umbrella standard which can be supplemented for local needs by institutes and regulators. This paper discusses implementation of the IVS within the minerals industry and important issues that the industry should confront.

Jan 1, 2005