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By R. L. Bruening, L. Navarro, Izatt. S. R., R. Adiga, R. M. Izatt, N. E. Izatt, A. Sharma, N. R. Patel, B. V. Rao

Bismuth is a notorious contaminant in the electrolytic refining of Cu that can cause cathodes to fail to meet ASTM International standards and not be suitable for use in Cu rod and other downstream products. Bismuth can significantly decrease electrical conductivity, decrease the mechanical strength of the annealed wire, retard recrystallization, and sometimes induce hot shortness during the hot rolling process in the production of rod. As a result, the control of Bi in the refinery tankhouse must be carefully managed. This paper describes how SuperLig® Molecular Recognition Technology (MRT) is being used for Bi removal at the Birla Copper Dahej Copper refinery. The operation of the SuperLig® MRT Bi removal plant is described and data on Bi removal efficiency are presented. INTRODUCTION Hindalco’s Cu division, Birla Copper, operates one of the largest Cu refineries in the world at Dahej, Gujarat; India. The main feed for this refinery is produced at the company’s smelter. Due to its massive production capacity, this operation mainly relies on imported Cu concentrates resulting in a variety of metals being carried out as impurities in the Cu anodes because pyrometallurgical technologies alone are not enough to remove them to the extent required. Metal impurities found in Cu ores include Fe, Zn, As, Pb, Bi, and Sb. During electrorefining, less noble metals dissolve in the electrolyte gradually increasing their concentrations creating the need for electrolyte control mechanisms that remove these impurities with varying degrees of success (Wang, 2004; Navarro et al., 2013.) Bismuth is one of the most significant impurities in a Cu refinery because it has the lowest ASTM product specification. This situation is critical because the Bi potential is very close to that of Cu making it possible to plate in the Cu cathode directly. Also, Bi can precipitate at high concentrations causing floating slimes and reduction of current efficiency (Ballinas, San Miguel, Munoz, & Gyves, 2003). Production of high purity cathodes from feed stock containing a diverse range of metal impurities becomes a major challenge in the refining of Cu (Izatt et al., 2015). In this work, the purification strategy followed by Birla Copper for the removal of Bi using a separation process based on MRT is presented, outlining the loading and stripping performance of SuperLig®83 and the benefits of using MRT over other lower selectivity methods where hazardous materials are produced instead of high purity products.

Jan 1, 2019

By R. R. Montigny

A brief description is given of the history, location and geology of the Granisle Copper Limited operation on Copper I land in Babine Lake. Detailed information is given with regard to pit design, planning, drilling, blasting, excavation and haulage. Equipment maintenance and mining costs are also presented.

Jan 1, 1971

By M. E. Wilson, A. C. Lee

"The property owned by Senator-Rouyn Mines, Limited, is in Rouyn township about 17'2 miles southwest of the town of Rouyn. It adjoins the Chadbourne claims of Noranda Mines, Limited, on the south and the Bagamac property on the ·west. It includes seven claims-block 44, blocks 80 to 83 and blocks 96 and 97; the mine is wholly in blocks 44 and 82.Late in 1936 gold was discovered in an outcrop of rusty weathering carbonate rock near the north end of block 44, and the following year the present Company was organized to proceed with the development of the property. During 1937-38, 17,000 feet of diamond drill core were bored to determine the extent of the ore deposit at depth. From October 15th, 1940, to April 15th, 1941, the ore was hauled to the mill at the Arntfield mine for treatment. The mill on the Senator-Rouyn property started on April 25th, 1941, and has been in practically continuous operation since than time. To the end of 1946, 574,874 tons of ore, from which gold having a value of $3,836,450 was recovered, were treated in the mill.GEOLOGYThe rocks exposed at the Senator-Rouyn mine, except in the southern part of the property, are almost wholly quartz diorite, part of an irregular mass that extends west from the town of Rouyn along the north shore of Noranda lake and thence southwest across the Senator-Rouyn claims. In the northern part of the propertyt inclusions of rhyolite occur here and there in the diorite. In the southern part the predominant rock is dacite and in the east-central part of block 44 claim andesite. Dykes of andesite, quartz syenite, and later diabase also occur on the property.The andesite of the Abitibi volcanics is not exposed on the property, but has been intersected in three diamond drill holes, one on the eastern boundary of block 44 and two farther west within the block. This andesite is probably the western end of a band of pillowed andesite well exposed in the Larose claim to the east."

Jan 1, 1954

By Lawrence Devon Smith

The selection of the production rate is one of the most crucial decisions to be made in the development of a mineral property. However, it is not uncommon for the production rate to be decided arbitrarily, before any technical evaluations begin, and it is often not reconsidered when better data becomes available. A number of methods are used in the mineral industry to select the production rate for a project. There is general agreement that the size of the ore reserve has a strong influence on this decision, but what other factors are involved? Is there a way to identify an optimum rate? This paper examines the factors that influence the selection of a production rate from the perspective of project economics. The NPV maximum value should be viewed as a “failure” point. The “two times capital” maximum is proposed as a lower limit. A practical check is suggested to confirm that a selected rate is in an optimum range. Production rate assumptions are much more likely to be reviewed for marginal projects, but they should also be reviewed for viable projects.

Jan 1, 1997

By DON E. MacDONALD

Marl in Alberta is confined to highly specific geological, hydrogeologica/ and climatic settings. Tufa is fa irly abundant in those areas of western Alberta where bedrock is of the Paskapoo Formation. Marl and tufa originate when the following conditions are met: presence of a carbonate source in drift or nearsurface bedrock; leaching of the carbonate by percolating groundwater; transportation of calcium and bicarbonate ions in a permeable aquifer; discharge at the surface as springs, seeps or lakes; re-precipitation of calcium carbonate. Alberta has seven categories of marl and tufa deposits, based upon over-all depositional environment and calcium carbonate

Jan 1, 1984

By A. Chamanara

The gross vehicle weight (GVW) of an ultra-class mining truck comprises the unsuspended weight below the struts plus the suspended empty vehicle weight, plus the payload. Theoretically, one third of the suspended total weight is supported by two front struts and two thirds by two rear struts. However, since the payload position is not fixed when placed in the truck body and varies from load to load, compounded by uneven haul road profiles, the truck structure experiences higher than normal stresses, which manifest in the reduction of the life of the truck via structural fatigue. The downstream effects are a decrease in production and increase in operational and maintenance costs. In order to control the dynamic forces causing the high stresses on the truck structure, both the haul road conditions and the load distribution in the truck body need to be investigated. The latter aspect is the prime focus of this paper. A field test has been conducted in an oil sands mine where the Caterpillar 797B trucks are loaded by a Bucyrus 495 shovel. The strut pressure readings are collected using the data-loggers on the trucks as well as the truck velocity associated with each reading. Rack, roll and pitch are the main key performance indicators (KPIs) that are calculated to study the adverse effect of an unbalanced payload and consequently the truck structure. Finally, the shovel bucket load passes within the truck body are simulated and a new method is suggested to improve the truck payload balance.

Aug 1, 2013

By A Turek

The Lake Cinch deposit occurs in the Tazin gneisses on the footwall side of the Black Bay fault. Ore is localized by two faults, the Main Ore fault and the Cracking-stone River fault, occurring in shoots along the former and on tension fractures between the two faults. Faulting leading to the localization of the deposit is analyzed in detail and tied into the regional pattern. Pitchblende, the chief radioactive mineral, is investigated by X-ray and found to be of very small particle size. The relation-ships of U, Fe and Mn in the ore are established quantitatively, and Fe is found to bear a catalytic relation to U. The deposit is classed as belonging to Lindgren's mesothermal class. Mineralization is attributed to carbonate solutions, and the uranium is believed to have been trans-ported in the hexavalent state as the uranyl tricarbonate ion; analogy is drawn to a recently developed hydro-metallurgical technique for the production of uranium dioxide. Introduction THE Lake Cinch deposit is located in the Beaver-lodge Camp, Saskatchewan. The property was staked in 1948 and went into production in 1957

Jan 1, 1965

By JAMES E. TILSLEY

Veins at St. Lawrence near the tip of the Burin Peninsula in southeast New/ oundland have been the major Canadian source of fluorspar. Some 2.8 million tonnes were shipped during the period 1933-1977, mostly from five of the more than forty veir.s known. Most of the veins occur in granite. individual veins may be several km in length, comprising a number of mineable lenses up to 760 m long and 25 111 thick. Fluorite content averages about 50 per cent, but may exceed 90 per cent locally. Quartz, calcite, barite and a few sulphides are the other vein constituents. Jn recent years, gravity concentrates were shipped to a flotation plant at Arvida, Quebec, where the fluorspar concentrate was used as a flux in the making of alum in um. Competition f rom Mexican fluorspar was a major factor in the closure of the mines. Ample reserves are available should economic conditions improve.

Jan 1, 1984

By Lorrie Fava

Two needs in the mining industry, to enable overall process improvements, are open systems and network connectivity in underground mines. The Pando project, a collaboration between Symboticware, Vale and Xstrata Nickel, and supported by CEMI, addresses these issues, and leverages the solution platform to deliver intelligent applications. An open system is one that uses publicly available standards for its key interfaces. Vendor-neutrality and ease of information flow are two main benefits that result from the use of open systems. By facilitating the interoperability of systems, open systems allow information to be available when and where it is needed for decision support. Network connectivity in underground mines is typically limited, with hotspots in strategically chosen areas that are relatively static. Mobile equipment moving through a mining work cycle experiences intermittent connectivity; in this situation, seamless remote equipment monitoring is impossible. The Pando project establishes an open technology platform, adhering to the IREDES and OPC UA standards. It enables the collection and integration of information generated by mobile equipment? seamlessly while there is a network connection, and as a store-and-forward gateway to manage intermittent connectivity. The platform capabilities are leveraged to support embedded intelligent applications. This open platform, the SymBot, is a rugged hardware and software device. The platform complies with open standards for industrial automation and systems interoperability. The SymBot platform is capable of providing advanced real-time decision support at the device level, and is designed to be remotely configurable. Applications being developed through the Pando project include engine monitoring, a dynamic load weighing system, machine location monitoring and automated activity monitoring including production and maintenance reporting.

Oct 1, 2010

The teaching of geophysics in Canada at the present time presents a variety of approaches to the subject, and the different paths adopted imply, in turn, an uncertainty in the minds of some educators as to the role this science is to play in the future progress of geology, and a hesitancy to commit themselves to foster its development. The pedagogical attitudes vary from a whole-hearted acknowledgment that the science of geophysics is fundamental to the understanding of terrestrial phenomena (including, of course, geological processes) to a hesitant immersion of the toe to test the water's temperature (which is, of course, essentially a geophysical experiment) before deciding whether or not the time is ripe for total immersion. The present discussion has been organized in the hope that it will help to clarify the roads to geophysics and assist educators in making a more understanding choice of the best paths for them to follow, according to their particular requirements and objectives. Before proceeding further, however, it is necessary to define the term geophysics and circumscribe the field it covers. In the first place, it should be emphasized that geophysics is NOT confined to the art of geophysical prospecting. The popularization of geophysics has unfortunately engendered a general misconception of the word, and consequently a tendency to ignore the wider meaning of the term. Etymologically, geophysics means the physics of the earth. It is so understood by the International Union of Geodesy and Geophysics and the various geophysical societies which adhere thereto. To them, geophysical prospecting is but a very small field indeed, which they consider had best be left to engineering and prospecting organizations.

Jan 1, 1951

By Michael J. Rosko

Methods have been developed for processing and analyzing reflected solar radiation data obtained by Landsat 5 Thematic Mapper multispectral scanner. Spatial resolution for the Landsat series satellites is 30 meters per side per pixel. Materials on the Earth?s surface absorb or reflect different parts of the electromagnetic spectrum depending on their physical and chemical properties and, therefore, typically have characteristic spectral ?signatures?. Using these signatures, environmental parameters such as surface water and vegetation may be identified and analyzed. Principal advantages of the satellite image method for environmental monitoring include: a relatively long historic period beginning in 1985 for which information is available, the reliable numerical basis for the results, and the ability to assemble a historic environmental baseline and provide on-going monitoring for large or remote areas where standard monitoring methods may not be practical. However, because the long-term continued operation of Landsat 5 is problematic due to the age of the equipment, QuickBird and IKONOS satellite images were processed to determine if the two systems are sufficiently similar in their results to allow continuing monitoring using QuickBird data. The QuickBird satellite was launched in 2001 and collects the same visible and near infrared spectral bandwidths as Landsat 5, allowing for equivalent process algorithms for QuickBird, IKONOS, and Landsat 5 data. Spatial resolution for the QuickBird images is 2.4 meter per side, allowing for more detailed characterization of the land surface; spatial resolution for the IKONOS images is 4 meter per side. Because of several differences between the satellite systems, including degradation of the Landsat 5 sensor, it is necessary to calibrate QuickBird and IKONOS results to the Landsat results to verify similarity. Recent images from the satellite systems have been processed and results have been compared to determine the validity of comparing Landsat 5 and QuickBird/IKONOS images so that these newer data can be used reliably in the future instead of Landsat 5 data. Results from this comparison are presented in this paper and suggest that analyses for vegetation using the two satellite systems are comparable, and that little calibration is required. Results from comparison of surface water results from the two systems are less comparable and is currently being investigated by the authors.

Oct 1, 2009

By N. A. Duke, R. L. Carpenter

Abstract - The West Meliadine area is underlain by structurally interleaved panels of mafic and minor ultramafic metavolcanic rocks and metasedimentary rocks that occur along the northern margin of the Neoarchean Rankin Inlet greenstone belt. Three structural and metamorphic domains are recognized: (1) the easterly Wesmeg domain; (2) the central Barracuda-Ridge domain; and (3) the westerly Peter Lake domain. The Wesmeg domain is characterized by a series of southeast-trending, north-dipping, foliation-parallel panels of greenschist facies mafic metavolcanic and metasedimentary rocks. The Barracuda-Ridge domain is comprised of greenschist to amphibolite facies mafic metavolcanic rocks that define an east-northeast-trending structural grain. The Peter Lake domain consists of amphibolite facies mafic metavolcanic rocks and minor metasedimentary rocks intruded by a monzonite pluton. West Meliadine hosts the economically significant Wesmeg gold deposits, as well as other important gold showings across the Barracuda-Ridge and Peter Lake domains. The geological setting of the Wesmeg gold deposits resembles that of a break or fault zone. The Pyke Break is a major geophysical discontinuity (>65-km strike length) and is the first-order structural control on gold mineralization at West Meliadine. It is several kilometers wide and characterized by polyphase deformation and shear zone development accompanied by lode-gold mineralization. In general, gold concentration is related to quartz and iron-carbonate veining, iron sulfides (mainly arsenopyrite and pyrrhotite), and accompanying silicate alteration minerals that overprint favorable chemical and structural traps late in the history of deformation.

Jan 1, 2004

By P. Blonde

Recent analysis has suggested that a balanced recovery profile can improve flotation bank performance. Test work was conducted to test the balanced profile concept at the Penhorwood talc mine near Timmins, Ontario, Canada. Plant trials were devised to determine how to control the recovery profile and the resultant impact on grade and recovery in a rougher bank of four cells. Accompanying gas dispersion measurements revealed a maintenance issue with one cell that was corrected. By manipulating air and frother addition it was possible to bring the bank closer to a balanced recovery profile and the down-the-bank grade/recovery improved. Plant production showed an increased talc grade at similar yield with the balanced profile. The results provide justification for a long term plant trial.

Aug 1, 2013

By C. H. Hopper, D. R. Derry, H. S. McGowan

"The property of Matachewan Consolidated Mines is in the Matachewan area on the west side of Montreal river. It lies in the western extension of the Kirkland Lake sedimentary belt. The first discovery of gold on the property was made by S. Otisse, in 1916. The property was taken over by Ventures, Limited, in 1933 and production commenced in late 1934. To date (December 31st, 1947) it has amounted to 2,308,800 tons, from which gold and silver to the value of $9,567,600 has been recovered. The mill is currently treating 650 tons of ore a day.GENERAL GEOLOGYThe deposits lie close to the south contact of a belt of sediments striking in a general east-west direction. The sediments, presumed to be of Timiskaming age, consist of light buff arkose and greywacke, containing small pebbles. The Keewatin volcanic rocks to the south are andesites or basalts with cuff and agglomerate bands developed especially near the contact with the sediments. The lavas and sediments are overlain by relatively flat-lying sediments of the Cobalt series to the south and west of the mine, but these later sediments are not involved in the mineralization under discussion. The Keewatin lavas and Timiskaming sediments are intruded by dykes and lenses of red syenite porphyry that have approximately the same strike and dip as the invaded rocks. Later diabase dykes, apparently post-ore, run in a north-south direction and cut all rocks except the Cobalt series.OREBODIESThe gold-bearing mineralization forms bodies of two different types: (1) Within the volcanic rocks irregular orebodies with limited vertical extent. These consist of a series of flat-dipping quartz stringers and adjacent lavas and /or cuffs fractured, bleached, and mineralized with pyrite and gold. They are higher grade than the second type (average about 0.16 oz. gold a ton) and formed the main source of ore for the first 5 years of production. They are described in more detail than can be given here in an article by C. H. Hopper (4). More recent work on deeper levels has failed so far to find orebodies of comparable grade, though low-grade mineralization of a similar type does occur on the projected rake of the main group of the 'basalt type' of orebodies."

Jan 1, 1954

By H. Paudyal, K. Ohto, H. Kawakita, S. Alam, B. Pangeni

The orange waste after lime water modification was converted into promising adsorbents for fluoride by metal loading reaction. The effectiveness and mechanism of fluoride adsorption on metal loaded orange waste gel from synthetic and real plating solution were investigated. Amount of zirconium(IV), aluminium(III), cerium(III), lanthanum(III), titanium(IV), vanadium(IV) and tin(IV) loaded on orange waste from aquearegia dissolution were evaluated to be 1.62, 1.16, 0.93, 0.95, 1.20, 1.12, 0.97 mmol/g respectively. The maximum adsorption capacity (qmax) of zirconium(IV), cerium(III), lanthanum(III), iron(III) and aluminium(III) loaded orange waste for fluoride ions were evaluated to be 1.74, 0.91, 1.07, 0.98 and 1.01 mmol/g from aqueous solution. The mechanism of fluoride adsorption by metal loaded orange waste was inferred to be ligand exchange reaction. Application of zirconium(IV) loaded saponified orange juice residue(SOJR) for real plating solution showed effective removal of trace concentration of fluoride down to the accepted standard. The negligible interference of co existing anions like nitrate, carbonate, sulphate and chloride makes zirconium(IV) loaded SOJR a promising sorbent for waste water treatment. The adsorbed fluoride from fluoride loaded zirconium(IV)-SOJR was effectively desorbed by using alkali solution for its regeneration. This work shed light on the potential application of metal loaded SOJR to remediate fluoride contaminated water for environmental relevance.

Jan 1, 2012

By M. A. Cawley, J. W. Jordan

"IntroductionTHE ORE PILLARS in the lower ""A"" ore body of Waite Amulet Mines, Limited, can be divided into two groups, those mined in the open by sub-level blast-hole methods, and those to be mined .against coarse rock fill. Of the three pillars in the last group one has been mined and is dealt with in this paper. The method of mining pillars against coarse rock fill was suggested by the late Dr. Oliver Hall, who was Consulting Engineer for the Company when recovery of No. 2 East pillar was being planned.HistoryThe Waite Amulet mine is in northwestern Quebec, nine miles north of the town of Noranda. The property is approximately three miles long by one mile wide. The present Company, which was formed by the amalgamation of Amulet Mines, Limited, and Waite Ackerman-Montgomery Mines, Limited, commenced operations in the summer of 1937. In the fall of 1939 a new .flotation mill was erected with a capacity of 1,200 tons per day, which was increased to 1,800 tons per day in 1943. The mill is presently operated at 1,400 tons per day.To date, seven orebodies have been found, the major ones being Lower A, East Waite, and Waite. Three separate concentrates are produced, copper, zinc, and pyrite. Total tonnage mined to the end of 1954 from all orebodies has been 7,340,000 tons, which averaged 4.6 per cent copper, 5.3 per cent zinc, and 0.037 oz. gold and 1.27 oz. silver per ton."

Jan 1, 1955

By Q. G. Reynolds, R. T. Jones

"Residence time distributions are well defined for batch and continuously stirred reactors. However, there exist many smelting furnaces that do not fit either of these classifications. A mathematical description is presented for the case of a furnace that is fed continuously, but where the liquid slag and metallic products are tapped intermittently. The effects of slag and metal tapping intervals and the fraction of liquid retained in the furnace, are shown to have a significant effect on the residence time distribution.INTRODUCTIONThere are some processes in which the time spent by the feed material in a smelting furnace plays a significant role in determining the extent of the reactions between metal and slag and influences the degree of settling of metal droplets from a molten slag.Residence time distributions are well defined for batch and continuously stirred reactors. However, there exist many smelting furnaces that do not fit either of these classifications. Here we will focus on producing a mathematical description for the case of a furnace that is fed continuously, but where the liquid slag and metallic products are tapped intermittently. The effects of slag and metal tapping intervals and the fraction of liquid retained in the furnace, are studied.Previous work (Jones, la Grange and Assis, 1997) has studied the effect of retention time on the degree of cobalt recovery achieved in a slag reduction process. In that work, a method was proposed for the calculation of the mean residence time of the contents of a pilot-plant furnace. That approach is to be extended here for the purposes of providing a more general design or scale-up tool.The maximum allowable depth of molten material in a given furnace is affected by such factors as the desired batch size (or the size of the ladles) and the pressure of the molten material that the tap-hole and surrounding system can withstand. Within these constraints, there might be some scope for choice of taphole position. The effects of this choice need to be understood mathematically."

Jan 1, 2012

By R. C. E. Bray, Peter Price

"The property of Pamour Porcupine Mines, Limited, is in the eastern Porcupine area, about 12 miles northeast of Timmins. It covers parts of lots 3-6 (inclusive), cons. 5 and 6, Whitney tp., Cochrane district, Ontario. It is an amalgamation of the old La Palme, Three Nations, and Porcupine Grande properties.The first discovery on the Pamour was made in 1911. During 1911 to 1914 a small shaft was sunk on the Three Nations vein to the 200-foot level and a 100-ton stamp mill was put in operation, but only a small production was achieved. The property remained idle from 1914 to 1923. In 1924 some diamond drilling was done along the Keewatin-Timiskaming contact with some encouraging results, but the gold mineralization encountered was too low in general at the price of gold then prevailing to warrant further · work. The increase in the price of gold revived interest in the area, and the above noted amalgamation was effected in 1934. Options were taken and successively dropped by two large mining companies. Following this, exploration both on the surface and underground was started by Quebec Gold Mining Corporation, Limited. Diamond drilling in the early part of 1933 showed considerable ore in conglomerate and greywacke to the east. In the middle of 1935 Noranda Mines, Limited, assumed control and management. A new shaft was sunk and the property was ·equipped with a mill having an initial capacity of750 tons a day. This was subsequently enlarged to 1,500 tons a day.From the commencement of milling (May 16, 1936) to the end of 1946, 5,025,545 tons of ore having an average grade of 0.1327 oz. a ton ($4.64 at $35 an oz.) have been mined and milled."

Jan 1, 1954

By A. W. White

Introduction To discuss all the technical details of incorporation laws, security laws, underwriting procedures, codes, and ethics-as laid down by varous associations -would be impossible in the time which has been allotted to me. My remarks, therefore, will be made in a very general way and will naturally be coloured with experiences which my firm and I have had. There is a common expression that "money makes the mare go". I hardly have to mention here that the best prospect in the country is of very little value unless its prospects can be developed-and this requires large capital expenditures. The art and problems surrounding the raising of this money is a long and interesting story. Since by its very nature mining is risky, the appraising of its risks in the many phases of its development programme is continuous. Very few men-if any-and very few corporations -if any -can afford to take all the risk of mining. Because of taxation policies-and the very scheme of present-day living -the truth of this statement can be seen throughout the whole industry by a close examination of the records. Since this is so, it is essential that the mechanics of distributing risk on a sound, and equitable basis be known to those engaged in the business and to the investor or spectator who proposes to risk his funds in the industry. Perhaps the greatest stimulant to modern business activities has been the creation of corporate bodies. It is evident, from the number of charters being granted by various jurisdictions, that this method of doing business is becoming more and more important. A limited company -or corporation-can be defined as a fictitious person existing solely in contemplation of the law.

Jan 1, 1951

By Xu Wang, Yizhe Zhang, Yangge Zhu, Xiao’ou Xia, Fangming Liu

"The progress of lean magnetite preconcentration in China was introduced in this paper, such as using coarse crushing to reject tailings, and multistage grinding, multistage magnetic separation. The applications of “more crushing and less grinding” process and equipment in lean magnetite preconcentration could reduce production costs effectively. The related analysis and study on concrete cases were carried out in this paper.INTRODUCTIONIn the case of the slowdown and weak recovery in the global economy, bulk commodity prices fell sharply in 2015. Take iron ore's prices for example, about 60% grade iron ore's import prices in China from about $65 per ton at the beginning of 2015 fell to about $42 per ton in the end of the year, down by about 35%. But iron ore resources are non-renewable resources, with the continuous development and utilization of mineral resources, high grade iron ore resources will be exhausted gradually. Accompanying with the economic recovery iron ore prices after this fall is bound to return to its value to maintain a high level.The development and utilization of resources is gradually turning to the low grade iron ore. Restricted by technical development level and disadvantages of lean iron ore resources, the cost of utilization lean iron ore resources is relatively high. Making full use of their rich lean ore resources has become many countries' important strategy to get rid of dependence on foreign countries' ore. Over the years with the development and progress of lean magnetite mineral processing technology in China, the production number of concentrator has been greatly improved.As the world's largest steel producer and consumer countries, ensuring a stable and continuous supply of iron ore is particularly important for the healthy development of China's iron and steel industry. Chinese iron ore production and import data in recent years are showed in Table 1.With the expansion of iron and steel production, iron ore demand has also been a phenomenal growth. Taking 2013 for example, China's crude steel production is about 780 million tons in 2013, accounting for about half of the world's total output of crude steel. At the same time, China is also the first major iron ore import countries whose iron ore imports in 2013 was about 820 million tons, an increase of about 10%. The degree of external dependence is very high. In some years, the cost of China's iron ore imports was even more than $100 billion, and second only to oil’s import cost in all bulk commodities."

Jan 1, 2016