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By Nelson Lawrence

An Electrical Risk Management/Inspection Program has been designed specifically for the mining sector in order to provide electrical code expertise and systemic gaps in electrical systems. Goals include improved safety and productivity, reduced injuries and help to enable businesses to better comply with the electrical codes and regulations that govern them. The Electrical Risk Management/Inspection Program is now recognized by some of the world?s largest mining organizations. Since June, 2001 these electrical safety advisory services have been available to underground and surface mine sites throughout Ontario and are now offered throughout Canada and around the globe. This program is also currently being applied to review new electrical installations for mine construction projects thus improving the safety and reliability of mine site electrical systems.

May 1, 2006

By C. R. van Staal, L. R. Fyffe, J. A. Winchester

"The geochemical characteristics of Early Paleozoic volcanic rocks are used to establish the following tectono-volcanic regimes in the northeastern mainland Appalachians: foreland continental rift volcanics; fore-arc ophiolites; island-arc volcanics; back-arc ophiolites; and back-arc ensialic volcanics. A Late Precambrian calc-alkaline magmatic arc bounds the Early Paleozoic volcanics to the southeast.The Precambrian calc-alkaline volcanics of the Caledonian Highlands, primitive Cambro-Ordovician oceanic-arc volcanics of the Eastern Townships, and within-plate Ordovician volcanics of the Miramichi Highlands can be related to a progressive change in mode of subduction from compressional Andean-type in the Late Proterozoic to extensional Western Pacific-type in the Early Paleozoic. The development of marginal oceanic basins in the Paleozoic created a more favourable environment for volcanogenic sulphide deposition, particularly in back-arc areas.The influence of tectonic setting is reflected in the distribution, size and metal ratios of the massive sulphide deposits associated with the volcanic rocks; deposits within intra-oceanic arcs in the Eastern Townships of Quebec average two million tonnes grading 2.2% Cu, 4.0% Zn, and 0.6% Pb, whereas those within a back-arc, ensialic rift near Bathurst, New Brunswick, average nine million tonnes grading 0.6% Cu, 5.4% Zn, and 2.2% Pb."

Jan 1, 1990

By Pizhi Zhao, Jingwei Zhao, Zhenshan Liu, Yiheng Cao

"A new Al-Mg-Si-Zn alloy designed for automotive outer panel was trial-produced with industrial procedure. The final product shows a strong planar anisotropy. X ray diffraction analysis shows such strong anisotropy is caused by the dominating cube texture component in the final product. The reason for such high cube texture component was investigated by tracing texture evolution starting from the hot roll slab. It is found that certain cube texture components already exists in the hot rolled slab. The density of cube texture component shows as a wavy change through the following1st cold rolling, inter-annealing, 2ndcold rolling and solution treatment. This study shows that the cold rolling in the laboratory can well represent the texture evolution during the industrial production. The results obtained by lab rolling hints that change of second cold rolling reduction has weak effect on the planar anisotropy, when the gauge of hot rolled slab and final sheet are fixed.INTRODUCTIONWith the rapid progress of light-weighting in the automotive industry, aluminum sheets get more and more application as closure panel and structure parts. Recently the dominating alloy for outer panel is 6xxx series, containing the main alloy elements Mg and Si. The popular gradesareAA6016,AA6111, AA6022, and AA6014. These alloys still cannot satisfy the various requirements from automotive manufacturers. Most suppliers of automotive aluminum sheets are developing their own specific grades according to the customer’s demand. To increase the baking response, anew Al-Mg-Si-Zn alloy was designed, concerning the high combination energy between Zn solutes and vacancies formed during the quenching stage of automotive sheet manufacture. This combination is helpful to the precipitation of ß”phase during the paint baking (Wang, 2015,2016; Yan, 2014).The plastic strain ratio (r value)is a key index of the formability of automotive body sheet. A high r value means a good formability. The r values in different directions can be used to evaluate the planar anisotropy of the metal sheets. The trial produced Al-Mg-Si-Zn sheet shows a strong planar anisotropy with respect to r values. Since the r value is tightly related with texture, the texture evolution from hot roll slab (HRS) to final T4P temper was analyzed with X ray diffraction (XRD) to find the reason for the high anisotropy. Besides, the cold rolling reduction (CRR) was varied in the laboratory to modify the texture distribution, i.e., the planar anisotropy."

Jan 1, 2018

By Michel Aubertin

Les rejets miniers sont communément utilisés, depuis plus de 60 ans, comme matériau de remblayage des chantiers souterrains. Les roches stériles et les rejets de concentrateur sont employés comme remblais car ils sont disponibles sur les sites miniers à un coût réduit pour aider au support de terrain. Le remblayage des ouvertures est également avantageux car il permet de réduire la quantité de rejets entreposée en surface. Dans les mines souterraines, le remblai des chantiers doit aider à maintenir un espace de travail sécuritaire, tout en favorisant la récupération du minerai et le contrôle de la dilution. Il est alors essentiel d'évaluer précisément les pressions exercées par le remblai sur les murs et sur les barricades installées près de la base des chantiers. Dans cette présentation, des solutions existantes pour évaluer les pressions dans les chantiers sont brièvement revues. Les auteurs présentent ensuite des solutions analytiques récemment développées à cette fin, qui permettent de tenir compte du transfert des contraintes du remblai aux parois des chantiers et des galeries. Les solutions proposées, qui sont basées sur la théorie de l?effet d?arche, prennent en compte l'influence de la géométrie des ouvertures et de la position des barricades. La méthode de calcul permet aussi de calculer l?effet des pressions d?eau pour un remblai partiellement ou totalement submergé. Les solutions s'appliquent au cas d?un remblai récemment mis en place, alors que l?effet de la pression interstitielle ne peut pas être négligé, et aussi à plus long terme sous une condition drainée. Des résultats expérimentaux et des simulations numériques sont utilisés pour valider les équations proposées. Les résultats analytiques et numériques montrent notamment que la pression totale sur une barricade peut être grandement augmentée par la pression d?eau, tandis que la contrainte effective peut être réduite par les pressions interstielles (par rapport à la condition drainée ou sèche). On discutera aussi des implications pratiques de ces résultats pour l?application des remblais souterrains.

Nov 1, 2008

By D. C. McDonald

"IntroductionTHE GIANT YELLOWKNIFE property is on the west side of Yellowknife bay, Great Slave lake, N.W.T., some 600 air miles north of Edmonton. This paper deals with the underground development and mining of the complex system of orebodies which have produced, in the first fifty-six months of operation (May, 1948, to December, 1952), 652,464 tons of ore with an average grade of 0.80 ounces of •gold per ton (1).The mine has been developed from three vertical shafts designated A, B, and C. Figure l shows the positions of these openings with respect to the known ore-bearing zones and the surface plant.A shaft was sunk to a depth of 522 feet in 1945-46, primarily as a prospect shaft for investigation and development of the East Zone orebody. Drifting was carried out on the 200-and 325-foot levels. Before this development had been completed it was clear that the funds immediately available made it imperative to get revenue from production as soon as possible. By the beginning of 1946, the remarkably high-grade character of the ore in the present B Shaft area had been established by surface drilling, and the decision was made to obtain initial production from this source. Since known orebodies at shallow horizons were to be developed quickly, the choice of a suitable rock outcrop for the shaft was something of a problem."

Jan 1, 1953

By Z. B. Karshigina, Ye. G. Bochevskaya, E. A. Sargelova, Z. S. Abisheva

At the present time of depletion of reserves of high grade rare earth deposits, it has become necessary to involve low grade raw materials in the production. Among the rare-earth deposits in Kazakhstan, the most advanced one is Kundybai. The mineralogical composition of ore is represented by the minerals: a-quartz SiO2, kaolinite Al2(Si2O5)(OH)4, muscovite KAl2(AlSi3)O10(OH, F)2, albite Na(AlSi3O8), rutile TiO2, and hematite Fe2O3. It contains: 59.1–68.5% SiO2, 19.1–28.4% Al2O3, 7.2–10.3% Fe2O3, 0.51–0.84% TiO2, 0.10–2.32% CaO, 0.39–2.10% MgO, and some other elements. Rare earths are located in the clay part (kaolinite, goethite) in the ion-adsorbing form, and they are represented by the main ore mineral churchite - YPO4·2H2O. In the ore the amount of rare-earth elements (total REEs) varies from 210 to 600 ppm. Elements of the cerium group predominate (La, Nd, Ce, Sm, Pr) and the yttrium group is represented by Y, Gd and Dy. Extremely thin intergrowth and accumulation of REEs in clay minerals cause difficulties in their recovery using flotation and gravitation beneficiating methods. The purpose of this work is the development of an extraction method for the main mineral components of ore with transfer of the total REEs into the solution with high extractive efficiency. Results of the experimental work into high-temperature processing (hereinafter referred to as sulphatization) of ore by sulphuric acid with subsequent dual-mode water leaching of the sulphate product (sinter) are presented in this manuscript. The influence on the ore sulphatization process of some physical and chemical parameters: liquid-to-solid (L/S) ratio (0.36–0.86 cm3/g), temperature (100 – 500°?), concentration of sulphuric acid (3.0–18.62 mol/L) and duration (0.5–2.5 h) was studied. Optimal technological parameters of the process were determined to be: L/S ratio 0.36–0.46 cm3/g; temperature 500°?; concentration of H2SO4 9.0 mol/L; soaking time 1.5 h. Under these conditions it is possible to obtain extractions of ~ 85% REE, as well as 58% aluminium and 10% iron. XRD and IR-spectroscopy analyses were used to determine the material constitution of sulphated cakes obtained under optimal conditions. It was found that the primary minerals are quartz and muscovite; however different sodium aluminium silicates and albite minerals are present as well. In the future, it is proposed that the leach residue cakes are processed into precipitated silica (“white soot”).

Jan 1, 2016

By John R. Sullivan, Real Daigneault, Mathieu Piché, Jayanta Guha, Gilles Bouchard

"RESUMELa stratigraphie du camp minier de Matagami se résume a la présence de deux groupes volcaniques: le Groupe du Lac Watson et le Groupe de Wabassee qui le surmonte. Les gisements de sulfures massifs volcanogènes sont situés au sommet du Groupe du Lac Watson. Ces roches sont déformées par l'anticlinal de Galinée dont l'axe, orienté E-W, plonge vers l'ouest. Le cœur de cette structure est occupé par le Complexe de la Rivière Bell.Les roches volcaniques du flanc sud de l'anticlinal sont peu déformées et pendent à 45° vers le sud. Les gites qui s'y trouvent présentent la morphologie typique des gisements de sulfures massifs volcanogènes. Ceux-ci se situent le long d'un horizon repère cherteux et sulfure, appelé ""Tuffite Clef', et leurs cheminées d'altération rejoignent, en profondeur, une zone d'altération stratiforme d'étendue régionale.Les roches du flanc nord ont été transposées tectoniquement en écailles chevauchantes, de dimension kilométrique, a l'intérieur d'un couloir de failles anastomosées d'orientation est-ouest. A l'intérieur: le ce couloir, les gites de sulfures sont déformes et sépares de leur héminée d'altération sous-jacente par des failles.Les gites de sulfures situes sur les deux flancs de l'anticlinal de 'Galinée se seraient mis en place dans un mime environnement volcanique. Leur position stratigraphique est identique puisqu' ils se 'rouvent au sommet de la rhyolite porphyrique du Groupe du Lac Watson. lis se seraient constitués au cours d'une pose volcanique recédant 1'éruption du basalte du Groupe de Wabassee. Le Complexe de la Rivière Bell est perçu comme la source de chaleur responsable de la circulation des fluides hydrothermaux qui sont à ""origine des gisements de sulfures massifs volcanogènes."

Jan 1, 1990

By M. Peshko, J. C. Gingerich, L. W. Matthews

"Noranda has successfully developed and implemented two leading-edge mineral exploration technologies — hyperspectral remote sensing and 3-D seismic surveying. Airborne hyperspectral imaging provides detailed geological and mineralogical mapping capability at both a regional and project scale that facilitates improved selection of prospective terrain and an accelerated exploration cycle. Noranda, in partnership with Falconbridge, has licensed the exclusive use of the Earth Search Sciences Inc. (ESSI) Probe-1 hyperspectral scanners (128- channel, 0.43 µm to 2.5 µm spectral range) that are capable of mapping in excess of 3500 km2 per day at 10 m pixel resolution. The technology has been successfully deployed on four continents over a broad range of terrain from desert to boreal forest and the high Arctic.To augment the company’s deep search initiatives, Noranda has successfully modified and implemented existing 3-D seismic technology to help targeting massive sulphides located at depths ranging from 500 m to 2000 m. In the fall of 1998 and early 1999, Noranda completed an 18 km2, 3-D seismic program in eastern Canada by successfully drill testing acoustic impedance anomalies locating massive sulphides at depths in excess of 1100 m."

Jan 1, 2002

By A. Oja, M. Lahtinen, P. Salonen, B. Saxen

Most of the secondary and low grade zinc raw materials cannot be treated successfully by either conventional roasting - leaching - electrowinning (RLE) process or even by atmospheric direct leaching process. The problems arising especially from high impurity content of these raw materials can be effectively solved by implementation of the solvent extraction process. The utilization of solvent extraction process has been demonstrated by Outotec with raw materials like Waelz oxide, crude zinc oxide and zinc containing concentrator tailings. Based on batch and continuous test work it has been shown that SHG quality zinc can be produced even from the lowest grade raw materials. Impurity control in the solvent extraction process has been examined. The solvent extraction process is the key feature of the whole zinc plant for such raw materials. However, design of the entire zinc process including neutralization and bleed treatment is important for optimization of investment and operation costs of the plant. Very careful evaluation of the zinc process with modern simulation tools is essential. The optimized Outotec zinc process ensures a sustainable and profitable process containing minimal effluent and requiring little residue treatment.

Jan 1, 2014

By S M. Roscoe

Relationships of Noranda sulphide deposits to volcanic rocks are reviewed and chemical variations within the volcanic sequence are described. The assemblages of minor elements in the pyrites and pyrrhotites of the Noranda and l\llatagami deposits are similar and are characterized by a high content of cobalt, tin and other elements. Isotopic compositions of lead, other geochronological data and stratigraphically disposed zonal distributions of sulphides and minor elements indicate that the deposits were formed prior to folding and metamorphism. Lead isotope data indicate that the Matagami deposits, and several others, were probably formed about 2.95 x 109 years ago and that the Noranda deposits may be about 50 million years younger. The volcanic sequence at Noranda is younger than the thick sequences bordering it on the east and on the west. The relationships are consistent with the hypothesis that these strata-bound sul1>hide de-posits are coeval with their associated volcanic rocks. T HE writer has been engaged in a metallogenic study of the region between Sault Ste. Marie and Chibougamau. An essential objective of this study is the classification of mineral deposits with regard to their composition, form, geological

Jan 1, 1965

By R. G. L. McCready, R. O. van Everdingen, M. Kalin, R. van Everdingen

"This paper is based on data generated between October, 1986 and October, 1989, during the implementation of an Ecological Engineering close-out for a zinc mine in Northern Ontario, where 690000 tonnes of tailings contain 41.1% pyrite and 4.1% pyrrhotite. The objective was to determine rates of sulphide oxidation and iron precipitation in the tailings. Those rates are relevant for the assessment of the long-term effectiveness of biological systems employed in the removal of heavy metals from contaminated drainage issuing from tailings.Data were collected on the topography and stratigraphy of the tailings basin, subsurface temperatures and groundwater levels, and chemical analyses were made of water samples collected from a number of piezometers. The thickness of unsaturated tailings varied widely between individual piezometer locations; annual maxima ranged from 0.67 m to 3.55 m, and annual minima from 0 to 2.68 m. Sulphate concentrations ranged from 36 mg/L to 20180 mg/L; iron concentrations from 0.36 mg/L to 9938 mg/L; and zinc concentrations from 0.33 mg/L to 1123 mg/L.The geochemistry of the piezometer samples suggests that some of the initial Fe content, resulting from metal sulphide oxidation, is subsequently precipitated in the tailings pile and, possibly, in the underlying unconsolidated sediments, probably in the form of iron-hydroxide and Na-jarosite. Other metals such as Zn may be co-precipitated with Fe. The discharge of a portion of these metals to the environment would be delayed by this process. Some of the initial sulphate may also be lost from solution, probably by precipitation of gypsum; approximate saturation degrees for gypsum ranged from -3.27 to +0.47. The precipitated minerals will somewhat decrease the porosity and permeability of the tailings.Sulphide-oxidation rates, calculated using the analytical results and the estimated amount of annual recharge at the tailings site, average 0.0057 mol/kg/yr. Calculated iron-precipitation rates average 0.000386 mol/kg/yr. It is concluded that the characteristics of seepage from mining wastes may change with time, reflecting the solubilization of precipitated secondary minerals."

Jan 1, 1992

By E. P. Wiechmann, J. A. Henríquez, P. E. Aqueveque, L. G. Muñoz, G. A. Vidal

"The original segmented intercell Optibar succeeded in reducing the magnitude and occurrence of short circuits. It also improved the specific energy consumption of the process. This paper expands the load current source concept introducing a triple segmented bar. This new bar adds immunity to dirt contacts and open circuits. Moreover, it further improves the standard deviation of current densities. As compared with industrial practices this development should accomplish an 8% specific energy reduction. Also, a plant implemented with BBS should be able to work with 12.5% higher process currents than Walker without compromising the operation.INTRODUCTIONIn 2011 the technology based on current mode was implemented at industrial scale. The success of this technology moved CIM Magazine (Lanktree, 2011) to write in the Jan 2012 issue an upfront story of this technological innovation. To cover the story, the technical reporter Graham Langtree was appointed by Peter Braul Editor of the upfront section. The article tells that “More than 40,000 tonnes of copper have been refined in a year-long test run of Optibar Inc.’s new technology at Barrick Gold’s Zaldívar copper plant in northern Chile. The new segmented intercell bars being used in the Compañía Minera Zaldívar refinery have slashed energy costs, reduced short circuits during refining and allowed the production of heftier, purer sheets of copper – gains that all promise to boost the plant’s margins. A copper refining tank house containing the cell circuits typically consumes 2,000 kWh of electricity to produce a single tonne of grade-A copper. Yet, monitoring the energy efficiency of the Optibar technology after increasing the weight of harvested copper sheets, the project’s engineers recorded a 92 kWh-per-tonne cut in energy consumption, a savings of 4.6 per cent. “Today, with the power prices we have, Optibar technology represents a potential savings for the whole plant of US$1.5 million per year,” says Robert Mayne- Nicholls, executive general manager of Barrick Gold’s Chilean operations.”"

Jan 1, 2012

By J. J. McDougall

Until quite recently, the coal in the Cape Breton field was won from comparatively thick seams with light cover, and from submarine areas, and the system of mining naturally followed was pillar-and-stall. This sytem permitted of cheap extraction, and enabled production from localities where other methods could not be employed to good advantage. Thus the pillar-and-stall system, applied to conditions as stated, justified its adoption. Our working seams today, however, are practically all under heavy cover, or are moving in that direction, and with this gradual increase in cover came the increased cost of roadway maintenance. At Princess colliery, the system of pillar-and-stall was followed until roof and bottom conditions became such that further operations were unprofitable, and the longwall method was then adopted as an economic necessity. This fact should be borne in mind when operating costs of both systems are being compared. The longwall method is not held as a cure for all difficulties of heavy cover, but through it these difficulties can be overcome with less expense than by pillar-and-stall. The longwall system of mining, strictly speaking, is one by which a seam of coal is totally extracted in one operation. There are, however, many modifications of longwall, and in some cases it is difficult to determine whether certain practices should be classed as longwall or pillar-and-stall, or a combination of both.

Jan 1, 1928

By Robert B. Parsons

"The last edition of Tax Notes expressed concern about two proposed tax changes in Finance Minister Paul Martin's 1995 budget that could have detrimental effects on Canada's mining industry. This month, Tax Notes expands on these concerns. This article is based on a paper that the author presented at ClM '95 in HalifaxIntroductionOn a global basis, there are more investment opportunities in the mining industry today than at any other time in history. Countries in Central and South America, Eastern Europe, the CIS, Central Asia, and Asia are competing aggressively to attract investment to all sectors of their domestic mining industries. Today, the demand for investment dollars exceeds the amount of dollars that are available for investment in mining. It is not surprising, then, that the established mineral producing nations are witnessing a decline in spending on exploration and development on their home turf, and an increase in spending in developing countries. In the context of a developed country such as Canada, there are two manifestations of the problem of declining investment: (I) Foreign investors are allocating more of their capital budgets to new opportunities in developing countries; and (2) Canadian juniors and seniors are spending proportionately more abroad. This shift in global spending patterns is the source of some concern for the future of Canada's mining industry, particularly because it is widely believed that the current rate of discovery of ore reserves in this country is too low to replenish depleting reserves.""Government bashing"" has always been a popular pastime in Canada. Invariably, this pastime has focussed, at !east in part, on taxation. In view of the intense competition that Canada faces on the global mining scene, it is important that the role of taxation in the decision-making process be kept in perspective. This paper seeks to put the role of taxation into perspective."

Jan 1, 1995

By Gordon W. Hines

This paper, dealing with network planning in an industrial complex, discusses the type and size of project that can be handled on a manual basis. After a review of the fundamentals of network planning, and specifically of the Critical Path Method, the author analyses several different types of projects, each with its own characteristics. Some can be handled in conjunction with a computer, but others can be dealt with equally well without one. Among the projects discussed are a blast furnace reline, the installation of a billet mill flying shear, and routine maintenance-type operations.

Jan 1, 1967

By E. Eccleston, E. Gardner, F. Letarte, R. Schonewille

"In 2005, after nearly a decade of process development and feasibility work, the commercialization of the Falconbridge Nickel Smelting Technology (NST) began in earnest with the design and construction of a grassroots ferronickel plant at Koniambo Nickel in New Caledonia. The NST process was developed as an alternative to the conventional Rotary Kiln-Electric Furnace (RKEF) process for production of ferronickel from saprolitic nickel laterite ores. The NST process promised environmental and energy efficiency advantages over the conventional route. A key step of the NST process involves fluidized bed pre-reduction of calcined laterite ore using direct injection of pulverized coal as the reductant. Two parallel fluidized bed reduction roasters (FBRs) were installed at Koniambo Nickel, each designed for a maximum capacity of 4,200 MTPD of calcined nickel laterite ore. This paper describes the process development and scale-up of the fluidized bed pre-reduction process, the design challenges associated with the prototype commercial units, and the current status of the FBR operation at Konaimbo.INTRODUCTION In the mid-1990s, Falconbridge began to develop a new flowsheet for production of ferronickel from nickel laterite ores. The process that developed came to be known as the Falconbridge Nickel Smelting Technology (NST). The flowsheet, which is particularly appropriate for saprolitic ores, involves several major unit operations, including: drying in a hammer mill-flash dryer, calcination and preheating in a flash calciner, pre-reduction in a fluidized bed reactor, and smelting in a DC arc furnace to produce the ferronickel product. This paper focuses on the fluidized bed pre-reduction step of the process and provides an overview of the process chemistry, laboratory and pilot plant development work, scale-up and commercialization of the pre-reduction step, and the results obtained in the prototype commercial units."

Jan 1, 2017

By J. N. Brooke

"This paper deals with the training of the mining and mineral engineer and the role that these professional people must play in their company environment, particularly in relation to management.THERE IS SOME CONCERN in the mining industry that the numbers of engineering graduates attracted to it and the academic training that these people have received is inappropriate. Evidence for this is:1. -The meetings and studies initiated by the various mining engineering societies to discuss:(a) attracting students and graduates to the industry; and (b) the appropriateness of the present academic training for the needs of the industry."

Jan 1, 1968

By Colin E. Dunn

The high mobility of gold within the plant kingdom results in detectable accumulations of gold in many plants. Concentrations vary within individuals, among species, and with seasons. From an evaluation of the chemistry of easily acce sible organs of common pecies in the northern forests, it is concluded that alder twigs (or leaves) and conifer bark scales are the vegetation components of greatest use in the earch for concealed gold mineralization. Maximum anomaly enhancement is obtained from twigs collected in the spring. Examples are given of urvey conducted in the La Ronge Domain using 1) jack pine bark (A nglo-Rouyn and Upise Lake areas) ; 2) alder twig (McLennan Lake) ; 3) black spruce bark (Rod Zone near Mallard Lake, and at Waddy Lake) ; and 4) multi-media (Tower Lake). At the latter two sites gold-bearing till is blanketed with late glacial material. Gold enrichment in the plants suggest that the roots are ab orbing gold from the underlying till. Complex processe control the uptake and retention of gold in plants. An understanding of these processes pem1its biogeochemistry to assist in locating near- urface mineralization .

Jan 1, 1986

By Nathalie Gauthier

Bien que le système de ventilation du Puits Penna soit de taille imposante et que plus de $30M y seront engloutis pour son développement, aucun budget spécifique n?avait été préalablement consenti pour refroidir l?air acheminé aux places de travail dans la partie profonde de la mine. Le système de ventilation a été conçu en deux étapes distinctes : le réseau du haut de la mine lequel dessert jusqu?à 1550 m de profondeur et le réseau du bas de la mine (de 1550 m à 2200m) qui a été créé ultérieurement. Le réseau inférieur a été imaginé de façon à acheminer l?air frais directement au gisement et de permettre l?évacuation aux extrémités afin de rejeter l?air chaud immédiatement après l?avoir utilisé. Au total, lorsque le réseau de ventilation sera complété, plus de 670 m3/s d?air sera véhiculé dont jusqu?à 495 m3/s pour la partie inférieure de la mine considérant une capacité totale maximum de 710 m3/s en utilisant la mine adjacente.

May 1, 2003

By Ross D. Lawrence

"IntroductionOne of the methods used when applying the Market Approach to the valuation of a mineral exploration property is known as the Joint Venture Terms Method. The method is particularly useful for the valuation of early-stage exploration properties. Unfortunately, valuators are sometimes imprecise in distinguishing between joint ventures and other types of transactions.At VALMIN '94, Bob Appleyard1 proposed that, if one ignores the time value of money and the probability that the expenditure commitment would be completed, the formula to calculate the value ($V) of a property owned by Party B at the time of the deal would be:$V =$Ex (100-1%)/1% (Formula I)Where $V is the value of the property2Where $E is the expenditure commitment by Party A, andWhere 1% is the percentage property interest to be earned by party A.At PACRIM '99, Mike Lawrence and Graham Dewar3 referred to this method and suggested that there was an ambiguity in the formula proposed by Appleyard in 1994. Mike Lawrence referred to this problem again at VALMIN '014•Lawrence & Dewar suggested that the formulashould be:$V100% =($Ell%) x 100 (Formula 2)Where $V 100% is the value of the entire property,Where $E is the expenditure commitment by Party B, andWhere 1% is the percentage property interest to be earned by Party B.Subsequently, there has been considerable discussion in the AuslMM Bulletin5. In my view, this discussion has touched on a number of useful points, but generally has overlooked one essential element needed for an understanding of the correct application of the N Terms method. That essential element is to understand that there is a material difference between (1) entering into a joint venture arrangement and (2) the purchase of an interest in a property."

Jan 1, 2003