Search Documents

By Joseph H. Harris

Shebandowan Mine presents a unique opportunity for the mining industry to demonstrate its willingness and ability to use electrical energy effectively. The mine is a typical 250D-ton/day operation supplied by a i5-MVA power transformer. it is a recent, up-to-date design and operates on a four-day/week, two-shift/day basis. The paper outlines an energy profile based on historical data. It accurately describes the individual and total energy input For: (1) production and non-productive junctions; (2) production and down-time periods; (3) peak and average activity levels; and (4) principal energy utilization equipment. A comparison is then made of production data to electrical data, and production and electrical data to design data. The paper concludes that energy management has an important benefit for the mining industry by assisting in maintaining a competitive operation through reduced costs and fewer production slow-downs in the event of energy shortages.

Jan 1, 1979

By Greg Collins

BUCKO EXPLORATION HISTORY ??1964-Discovery ??1970?s -114 holes totaling 34,000 metres drilled -vertical shaft excavated to a depth of 300 metres (1000 Level) plus 800 metres of underground development -Exploration program cancelled due to Falconbridge economic issues ??1990?S-19 holes drilled totaling 9,600 metres ??2000 -13 hole 4,600 metre exploration program by Nuinsco Res.

May 1, 2006

By Stephen Esposito

Outline ? Brief Overview of Solid Energy New Zealand ? Need for Integrated Risk Management at Solid Energy New Zealand ? Overview of Solid Energy?s IRM program ? What are the results and key learnings? Overview Of Solid Energy New Zealand ? 100% NZ Government Owned ? Produces 95% of New Zealand?s Coal ? Sales turnover USD150 million per year ? Sold 4 million tonnes of high quality coal in 2003 ? Coking and Thermal coals ? Exported 2 million tonnes of coal ? Significant international and domestic growth expected going forward

May 1, 2004

By J. Suarez

The innovation initiatives for world-class mines today and in the future focus on automation and robotics in equipment and machinery. These innovations have benefited from the development of advanced tools in global positioning, the Internet, the capabilities of data storage, transmission and handling, and intelligent systems. Forward-thinking companies have been investing in automated trains and trucks, selfdrilling rigs, intelligent flotation systems, etc. Considering that the emphasis has been mostly laid on improving the performance and reliability of the equipment and machinery, it is not surprising that the visibility was geared toward mechanical, electrical, process, and metallurgical engineering. One of the critical disciplines, mining engineering, has had less shine from the spotlight of automation and robotics. Mining engineering is concerned with the design, the operation, the management, and the reclamation of mines and mining facilities. In essence, it does benefit from the advantages of automation and robotics in equipment and machinery. However, being ?left out? in the innovation process may impede the core capabilities of this engineering discipline, which would create a two-tier knowledge and technology system in mines. For example, shovels in an open pit may be equipped with technology that can send real-time data of actual payload, number of buckets, mechanical status, etc. But, are mining engineers aware of the possibility to incorporate the data into their planning tools in order to have updated forecasts and accurate information? And if they are, are they equipped with the tools to reap the rewards of those technologies? And if so, is the personnel trained to use the tools efficiently? This paper is a contribution to the discussion on the technological advances in mining engineering. For the authors, the roadmap to the future requires a smart integration of technological advances in hardware and software so that mining engineers are not only aware of the possibilities, but also trained and capable of using the available tools. Essentially, this paper believes that automation and robotics in equipment alone will be undervalued and underutilized if the owners and drivers of the mining systems (i.e. the mining engineers) do not possess the tools and training to integrate the technological advances into the functions of mining engineering. The intent of the paper is to analyze the available technologies for the core mining engineering functions of design, planning, scheduling and optimization. The analysis will lead to discussions and suggested solutions on integrative technology solutions that would create optimum value for the mining processes and equipment technologies.

Aug 1, 2013

By C. Yoo

"Geosynthetics engineering has made phenomenal advances during the last decade in areas of manufacturing as well as practical applications. As a result, geosynthetics are now being recognized as essential construction materials that can be used to facilitate construction, ensure better performance of the structures and reduce the long-term maintenance in routine civil engineering works. The creative use of geosynthetics in geo-engineering practice is expected to continuously expand as innovative materials and products are becoming available. In this paper, a wide variety of geosynthetic products available to geoengineers to solve a wide range of problems are briefly presented along with their functions and possible applications. Fundamentals of geotextile filter design principles are then introduced for use in the tunnel drainage system. Practical applications of geosynthetics relevant for tunnel engineering are also highlighted with emphasis on the issues associated with the geotextile filter application for use in the tunnel drainage system.INTRODUCTIONGeosynthetics have emerged as essential engineering materials in a wide range of civil engineering applications, e.g., transportation, geotechnical, geoenvironmental, hydraulics, and private development since the first geosynthetic conference in Paris, 1977 (Koerner 2012). Due to their costeffectiveness, ease of installation, and well established mechanical and hydraulic properties, geosynthetics are now playing important roles in the field of geo-engineering.As indicated in the 9th Bucahanan Lecture paper by Holtz (2001), major developments in civil engineering have only been possible with the parallel developments in the technology of construction materials. For example, larger scale structures became possible with the help of developments in concrete, reinforced concrete, and prestressed reinforced concrete technology which replaced wood and building stone as construction materials. The best example of a parallel development in geo-engineering between the material and the geotechnical application may perhaps be the soil reinforcement technology which has a direct analogy with reinforced concrete as a polymeric reinforcement material provides added level of tensile resistance and stability to soils that have little to no tensile strength, thus giving additional margin of safety."

Jan 1, 2015

By Gerald H. Luttrell, Lance Christodoulou, Jaisen N. Kohmuench, Michael J. Mankosa

The efficiency of the froth flotation process has long been known to be strongly dependent on particle size. For sulfide minerals, good recoveries are typically achieved in industrial flotation circuits for particles in the 30 to 200 µm size range. Particles outside this critical size are typically lost in industrial operations and rejected to tailings streams due to inherent constraints associated with the physical interactions that occur in the pulp and froth phases of conventional flotation equipment. In response to these limitations, a series of experimental studies were conducted to determine whether particles previously lost as tailings could be economically recovered using a suite of novel flotation technologies developed for upgrading ultra-coarse and ultra-fine particles in the industrial minerals industry. For the case of ultracoarse particles, a fluidized-bed flotation system called the HydroFloatTM separator was tested. The data obtained using this novel flotation device in both laboratory- and pilot-scale trials showed that good recovery of previously lost sulfide values up to 850 µm diameter could be achieved. Similarly, for ultrafine particles, a high-intensity cavitation-based column cell was tested. This technology, which utilizes highshear contacting of slurry and gas, was capable of recovering valuable ultra-fine sulfide that were previously lost due to the low capture efficiency of conventional flotation processes. The objectives of this article are (i) to describe the unique operating principles of these two advanced flotation technologies and associated ancillary classification equipment, (ii) to present laboratory- and pilot-scale experimental test data showing the metallurgical benefits of the proposed novel flowsheet for sulfide tailings processing, and (iii) to provide a generic cost-benefit analysis of the proposed system for recovering lost values in existing sulfide tailing streams.

Jan 1, 2016

"In the past year, mining at the Doyon Mine has shifted entirely from open pit to underground. The mine produced 234 692 ounces of gold in 1989 and is expected to produce 225000 ounces in 1990. The Doyon Mill has been running slightly above design capacity, and recovery has increased 3%.IntroductionThe Doyon Mine is located 25 miles east of Rouyn-Noranda, Quebec (Figure I).It is a joint venture owned by Lac Minerals and Cambior, with each holding a 50% interest. Lac Minerals operates the mine under the direction of a management committee.Production at the Doyon Mine began in 1980 with the start up of the Main Zone pit. Shortly thereafter the Doyon Mine became the largest open pit gold producer in Canada.In 1983, a ramp leading to the fourth level and exploration drifts were driven. Results were very encouraging, therefore the decision was made to sink a 2150-foot deep shaft, which was completed in 1986.In mid-1986, production began in the West pit, while underground mining of the West Zone started shortly thereafter, at the end of the same year.In 1987 the mill capacity was increased to 3300 tons per day and the Main Zone underground operations commenced."

Jan 1, 1990

By F. Sheykh-Jaberi, S. L. Cockcroft, A. B. Phillion

A coupled fluid/structure model has been developed to simulate semi-solid deformation in an industrial aluminum casting alloy, A356. Although this alloy has a significant eutectic fraction, nearly 50%, it still shows susceptibility to hot tearing. The model geometry consists of solid grains, created from a Voronoi tessellation of the domain, surrounded by liquid. The simulation is performed using the commercial codes, Abaqus Standard and Abaqus CFD. The solid model calculates the velocity, stresses and distortions in response to an applied uniaxial strain, and transmits them to the fluid-flow model, which computes the velocity and pressure fields in the liquid. It was shown that grain size and configuration, fraction solid and fluid properties all affect the semi-solid deformation behaviour.

Jan 1, 2014

By J. R. Perumareddi, V. S. Sastri, M. Elboujdaini

It is well known that high strength steels used in aerospace industry, are generally susceptible to hydrogen embrittlement during surface treatment such as electroplating with zinc on cadmium. Hydrogen embrittlement reduces ductility and results in brittle fracture rather than failure by plastic deformation. Hydrogen embrittlement of high strength steels is mitigated by surface treatment such as plating with other metals. Data on the hydrogen contents of steels before and after surface treatment by hot extraction-thermal conductivity, secondary ion mass spectrometry (SIMS) and UV-visible spectroscopy along with the mechanism are presented.

Jan 1, 2006

By A. Mular, T. Bond, G. D. Farnell, J. F. Kingston

"ABSTRACT:-A 60—cm semiautogenous grinding-(SAG) mill was designed -for continuous wet operation in closed circuit with a vibrating screen. The circuit is fully instrumented and automated. Part of the control system incorporates Foxboro SPEC 200 controllers around the pump box to maintain level. The rest of the control system involves an ACTION model BC2 basic direct digital controller that handles all other inputs/outputs and contact closure sensing:·The success of the control system is attributed to the uniqueness of specially designed mass flow metering systems. Various control strategies are possible. Employed to date has been control of a mill load set-point by cascading the deviation from load set-point as the set-point to the fresh feed rate ""controller"". Mill feed water is ratioed to total flow rate of solids fed to the mill. The performance of the circuit is being correlated with the performance of full scale SAG circuits in British Columbia to develop models, to assess the feasibility of scale up and to investigate the effects of design variables on responses such as circuit throughput. 1 INTRODUCTIONWhere ore types are appropriate, semiautogenous grinding and/or autogenous grinding (AG) has replaced conventional grinding. Secondary/Tertiary crushing plants are thereby eliminated so that capital expenditures are less and overall comminution costs can be lower (Barratt 1982). To establish the suitability of an ore for SAG circuits, pilot scale tests with 1.7 to 1.8 M diameter mills are often conducted. At least one test per ore type in a deposit has been necessary. Often, each test involves a large amount (up to 50 tonne) of sample, so that the testwork can be expensive and may discourage the use of SAG or AG circuits. However, MacPherson (1977) has employed a continuous 45 cm dry Aerofall mill circuit closed with screens and an air classifier to determine whether ores are suitable for SAG milling. The amount of sample per ore type is of the order of 60 kg or less. Thus an established SAG mill scale up procedure that employs small circuits is highly desirable.The purpose of this paper is to describe a small 60 cm wet continuous SAG/ AG mill pilot circuit assembled at the University of British Columbia to study the feasibility of scale up, to assess the influence of design variables, to develop mathematical models and to evaluate the effects of alternative control strategies on circuit performance"

Jan 1, 1988

By Robert B. Parsons

"It is easy to throw darts at government - and government often deserves to be a target. This month, Tax Notes examines tax legislation from a different angle, and sees some bright spots.The following article is based on a paper presented by the author at the International Gold Symposium in Rio de Janeiro in August 1989Introduction""No man's life, liberty, or property are safe while the Legislature is in session.”With one federal government, ten provincial governments, and two territorial governments all claiming to have constitutional rights to tax and otherwise regulate Canada's mining industry, and with each of these thirteen governments pursuing their respective rights with some vigor, government involvement in one way or another is an accepted way of life in the industry. While one's initial reaction to government involvement in an industry might be one of scepticism or fear, generally speaking the federal, provincial, and territorial governments in Canada tend to be pro-mining. They recognize the importance of the mining industry to Canada, especially in terms of job creation and exports. It is not surprising, then, to find that an array of valuable fiscal incentives are available to the industry through federal and provincial legislation.This paper summarizes the principal incentives that are inherent in Canada's tax legislation, as well as the Canadian Exploration Incentive Program. Although it is beyond the scope of this paper to deal with all of the incentives that are available, it is noted that various forms of federal or provincial assistance are also available outside of specific legislation, through negotiation with government departments. This latter type of assistance is generally directed toward helping with the cost of infrastructure such as roads or hydro lines, or Jess often toward loan guarantees or similar financing assistance."

Jan 1, 1990

By K. Thuro, S. Schneider, H. Kasling, P. Ellecosta

"One of the most important methods for material testing is the characterization of the hardness, which is defined as the resistance of a material to the penetration of another one. The methods according to Brinell, Vickers, Rockwell and Knoop are today the most common and standardized tests for metal. As they are developed for predominantly ductile materials like steel, they can’t easily be applied to rocks which react much more brittle under indentation. But just as steel, rock is composed of different minerals and has a specific microstructure. Its mechanical parameters are connected with the particular grains, their cohesion and interlocking, just like steel.The abrasivity of rocks and the accompanied wear of drilling tools today are mainly determined by simple and fast laboratory tests such as the Cerchar abrasivity test or the rubber wheel test. Such laboratory tests are good tribological tests, but there are limits. The Cerchar abrasivity test for example has weaknesses in extreme cases, that mean soft or very hard rock types. This leads to an underestimation of abrasivity, e.g. in poorly lithified sandstones or very hard, fine grained and extremely abrasive rocks. As mentioned, hardness characterizes, depending on the type of deformation, predominantly plastic (metal) or elastic properties (rubber). Rocks are in the range between these two extremes. Since the rock drilling process can be seen as a kind of penetration process on macroscopic and microscopic scales, we picked up the idea to characterize the interaction of rock materials and TBM-disc-cutters with hardness tests. In addition, this supports for a better understanding of the wear process on disc cutters. We used the hardnessdisparity concept after Cardu & Giraudi (2012) because wear can be understood as the interaction between the wear part and the material which causes the wear (tribological system). Several rock-forming minerals and some fine to coarse-grained monomineralic and polymineralic rocks were tested. In contrast to Cardu & Giraudi, we used in the first step of investigations the method after Vickers with loads up to 294.2 N (HV 30), depending on the estimated hardness to get bigger indentations and therefore as well information about the cohesion and interlocking of the minerals/grains. We also tested several associated disc cutters. First results show that with higher loads (HV 5 - 30) and at least 15 indentations, we get a structural hardness in fine-grained rock samples, which allows a good characterization of the elasticity and brittleness. Nevertheless, for the coarse-grained rock samples we need up to 40 indentations for a good characterization. Using this method, a prediction of disc cutter wear is feasible taking into account the hardness of the disc cutter steel. In this paper, we would like to present this approved method in material sciences to derive an additional parameter for the characterization of rock abrasivity and wear."

Jan 1, 2015

By Marc Lavigne

"The Lac Knife graphite deposit was estimated, as part of a feasibility study, using a geostatistical ore reserve estimation method: ordinary kriging. Based on the geology and its interpretation, the results of a variogram study, and the statistical parameters of the grade distribution of the core samples and the composites through the mineralization, the deposit was divided into three separate zones (west, centre and east), and each of these zones was then analyzed and kriged independently.The geological ore reserve estimation results of ordinary kriging are compared to the results of a conventional method (sections) used previously. The two methods gave almost similar reserve figures. The conventional method provided a +2% estimation for tonnage and + 10% for grade because it ignored the spatial relation between sections and samples, and ordinary kriging gave a more accurate longitudinal definition of the deposit.Finally, the paper concludes with the advantages of proceeding with ordinary kriging, namely: higher flexibility (change of cut-off grade), better deposit resolution and enhanced selectivity for the design of the open pit.IntroductionWithin the context of a complete feasibility study for the Société d' Exploration Minière Mazarin Inc., specialists of the Mines and Geology Division of Roche Ltd., Consulting Group, defined a modelling method appropriate to the graphite deposit of the Lac Knife property near Fennont. Many patterns were considered. Based on the geology of this deposit, the planned mining method, the statistical parameters of grade distribution and the variogram study, the process of reserve estimation retained was to use the ordinary kriging in a selective way. It was required because the geometry of the deposit is such that it was unthinkable to apply ordinary kriging without restrictions.This paper gives a detailed explanation of the observations and interrogations which led to the choice of this ore reserve estimation method, and the calculation procedure itself."

Jan 1, 1991

By Y. Wong

The quality and quantity of secondary deposits, which include tailings streams and tailings dams, are increasing around the globe. The tailings are already mined, available and liberated to such an extent that the recovery of a valuable product is highly economical in terms of CAPEX & OPEX. The most widely used process for the recovery of these valuable ultra-fine haematite iron particles is the Wet High Intensity Magnetic Separation technique, originally developed by Dr. Jones over 55 years ago. Many of the original machines are still working today. The aim of this paper is to demonstrate the capabilities in terms of grade and yield of using sophisticated magnetic separation modules. All results and figures are obtained from test works, design- and engineering works. Two types of tailings have been identified for processing. Firstly, tailings that have already been deposited in a Tailings Storage Facility, and secondly, live tailings streams from an existing wet iron ore beneficiation plant. In both cases, the technical and practical results are shown along with relevant flow sheets and plant layouts. Finally, this paper highlights the total predicted power- and water consumptions, capital requirements and projected operating expenses. The results show that the operating costs are significantly lower than the mining and processing operations which are required for an equivalent amount of iron ore. The recovery % of iron depends on various factors but is within the 30–50% range, at an equivalent grade to the mainstream product. Another significant benefit is that the magnetic separation process is water positive, meaning that water is released rather than added in the process. The processing of secondary deposits will therefore result in an overall reduction in operating costs, an increase in product yield from a plant, extend the mine life and offer environmental benefits by reducing the tailings footprint and water usage.

Jan 1, 2016

By John Drobe, Robert M. Cann

"Abstract - The Minas de Oro Cu-Au skarn and replacement deposits are located in the highlands of central Honduras, 90 km north-northwest of the capital of Tegucigalpa.The deposits formed in Cretaceous volcano-sedimentary rocks following the emplacement of an early Paleocene granodiorite to dacite intrusive complex. Three types of skarn (Type IA, IB, and IC) and a low-temperature replacement mineralization (Type II) are recognized. Type IA skarn consists of massive brown-green andradite and lesser magnetite and pyroxene. Type IB skarn has magnetite + hematite as the main constituent and garnet <50%. Type IC skarn comprises >50% pyrrhotite + chalcopyrite with interstitial garnet or pyroxene. Au and Cu occur in potentially economic concentrations in all skarn types while other metals such as Ag, Pb, Zn, and Mo are locally present in significant quantities. The highly variable distribution and nature of the skarn deposits is controlled by: (1) intrusive activity, (2) composition of host rocks, (3) faulting and fracturing, and (4) attitude of host carbonates.Type II Au-Cu-As mineralization occurs in calcareous sandstone and conglomerate 2 km distal from skarns and comprises clots of Cu sulfides hosted within a zone of brecciation and quartz flooding. Garnet and/or magnetite skarn is not present and the mineralizing event appears to have been a low-temperature replacement type.The similarity of coeval Au-Cu-Fe skarns in central Guerrero, southern Mexico to Minas de Oro skarns, and the similar local stratigraphy is consistent with the generally accepted theory that the Chortis block originated from southern Mexico and during the Tertiary moved southeast to its present position."

Jan 1, 2000

By Andrew Young

A Question Murray Dodge ?Inco Stobie Maintenance ?I visually inspect my hoist ropes every day and seldom find anything. Is there a better way to do the inspection?? Based on HRIA research activities, the answer would seem to be ?yes?.

May 1, 2006

By Douglas A. Sloan

"Recently, a number of major mining companies seemed unable to find a president from within the industry, and were searching outside the industry. From this, one could conclude that managers within the industry are either not being prepared or are not preparing themselves for presidential responsibility. Opinions were sought from a number of senior executives, to attempt to define the skills a prospective president should acquire and what actions a company could take or that a prospective president could take to acquire these skills.This paper contains summaries of the opinions obtained, along with the author&apos;s comments. The paper also describes the actions some companies are taking and the actions that an aspiring president can take to prepare himself for corporate management.IntroductionA manager is promoted up the management ladder when the manager&apos;s superiors believe that he is capable of handling a more senior position. Normally, the manager acquires this credibility by outstanding performance in his current management post, whether it be in a junior management (supervisory) or in a vice-presidential capacity.In most instances, the skills required for promotion can be acquired in the current position or, at worst, the abilities exhibited in a candidate&apos;s current role will convince his superiors that the necessary expertise for the more senior position can be acquired on-the-job. This is particularly the case when the new skills are felt to be an extrapolation of the old skills.However, in the case of appointment to presidential rank, there appears to be a need for new expertise which often is not acquired in normal management progression or, at least, boards of directors of some mining companies seem to believe this to be the case. The objective of this paper is to attempt to define the new skills that should be acquired by a manager who aspires to be the president, and to describe what actions might be taken by him to acquire them."

Jan 1, 1982

By Dwayne D. Tannant

The Fox Pit at EKATI Diamond Mine reached a depth of approximately 150 m as of September 2005. The pit is designed with 11 m wide benches excavated using a double benching technique leaving 30 m high bench faces. A series of blasting tests were conducted to improve catch bench reliability and increase the percentage of benches that meet an 11 m catch width. The design changes focussed on reducing damage to the bench crest because maintaining the bench crests is the most important factor in achieving good bench reliability. The most significant improvement was obtained by raising the bottoms of the lower trim blastholes by 0.5 m. This change decreases the depth of broken rock below the final bench elevation, and consequently reduces damage to rock that forms the bench crest below. Another improvement was the use of smaller diameter (165 mm vs. 270 mm) blastholes in the A and B rows for the upper trim blast. This change reduces the charge per delay during detonation, reduces the powder factor slightly, and reduces the energy affecting the final pit wall and crest. As mining and the blast testing progressed, the portion of the bench with crest achievements (>11 m) increased from 57% to 75%.

May 1, 2006

By Janne Karonen, Stephen Hughes, Mikael Jåfs, Jan Stål, Hannu Johto

End-of-life electrical and electronic scrap material attracts attention as a good opportunity for new value creation through efficient metal and energy recovery of such materials. On the other hand, the treatment of such wastes becomes important to avoid problems for society and environment. Treatment of such secondary raw materials faces multiple challenges due to their increasing complexity and evolving nature. Processing of these complex scrap materials together with recovery of a wide range of valuable metals with a combination of pyrometallurgy and hydrometallurgy using Outotec technology is discussed in this paper. One key consideration is environmental performance which needs attention when processing such complex secondary E-waste materials. Outotec has successful experience with commercial projects in the countries at the forefront of environmental and operational standards. INTRODUCTION Increasing attention has been drawn to the responsible processing of end of life Waste Electrical and Electronic Equipment (WEEE) as part of metals recycling, especially copper. It has been estimated that the amount of WEEE globally in 2016 was around the level of 46 Mtpa (Balde et al., 2017), representing a major disposal challenge but at the same time huge opportunity for resource recovery. The potential for increasing the recovery is high, because the official recycling rate of WEEE is in 2016 only 20% (Balde et al., 2017) and at the same time the estimated increase of the WEEE amount is between 3 and 5% per annum in the EU (Eurostat, 2019).

Jan 1, 2019

"The last thirty years have seen enormous changes in all aspects of the gold industry, from the technologies of mining and extracting gold to the role it has played in the fiscal policies of nations. In this time, the market price of gold has increased ten fold and mine production has more than doubled. However, the cost of mining and extracting gold has also increased exponentially, and the industry has struggled with declining ore grades and increasingly refractory ore bodies.With the major economic powers of the world shrugging off the uncertainties of the post cold war era and moving into a period of unprecedented political stability, economic growth and low inflation, gold is also losing its lustre as a hedge against inflation and a backing for national currencies. Consequently, countries that had accumulated and hoarded gold for decades are now disposing of these non-performing assets, resulting in major swings in supply of the metal. Fortunately, this has coincided with the end of communism in many parts of the world and a tentative move to free market economies in most of the developing nations. As a result, people are becoming wealthier, and this is creating more demand for gold, principally in the form of jewelry.On balance, the shift in the role of gold, from one in which a significant portion of new gold production lay dormant in bank vaults as insurance against political or fiscal instability, to one in which most new gold is now freely traded as an industrial commodity, responding to normal market forces of supply and demand, has had a negative impact on the price of gold over the last fifteen years. In that time, the gold price has declined from a peak of $850/oz in 1980 to an average price of about $400 through the rest of the l 980's, to a price of -$320/oz today (1997). In large measure, this has been due to the enormous inventory of gold metal that was held by central government banks in vaults around the world, and which has been dumped on the market as soon as the price has started to trend upwards. Even today, after ten years of fairly steady selling by central banks, about 3 0, 000 tons of gold (or -8 years' supply at the present rate of consumption) is still retained in vaults (Murray et al., 1997).The downward pressure on the price of gold has created exciting opportunities for the development and implementation of new technology. Increasing the efficiency of gold recovery from more and more refractory ore bodies, whilst at the same time lowering production costs, have become critical to survival in this industry. These challenges have been met by the development and implementation of new technologies such as heap leaching, carbon in pulp, resin in pulp and the sulphide ore pre-treatment process of pressure leaching, bacterial leaching and fluid bed roasting. For an industry that saw very little technological change in the first seventy years of the twentieth century, the pace of change over the last thirty years must have seemed bewildering at times."

Jan 1, 1998