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By P. E. Weidmark

"PART 1-Published PapersAllcott, G.A., and Archibald, D.E.; ""Description of pillar behaviour at Heath Steele Mines""; Can Min Metall Bull; 74:834:80-87; 1981.Baar, C.A.; Discussion of Theme 1: ""Physical properties of intact rock and rock masses""; Proceedings 3rd Congress Intnl Soc of rock Mechanics; 3:32-33; 1979.Baar, C.A.; Discussion of Theme 1: ""Physical properties of intact rock and rock masses""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:37-38; 1979.Baar, C.A.; Discussion of Theme 1: ""Physical properties of intact rock and rock masses""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:38; 1979.Baar, C.A.; Discussion of Theme 1: ""Physical properties of intact rock and rock masses"" ; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:41; 1979.Baar, C.A.; Discussion of Theme 1: ""Physical properties of intact rock and rock masses""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:42; 1979.Baar, C.A.; Discussion of Theme 1: ""Physical properties of intact rock and rock masses""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:46; 1979.Baar, C.A.; Discussion of Theme 2: ""Tectonophysics""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:60; 1979.Baar, C.A.; Discussion of Theme 4: ""Underground openings""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3: 116; 1979.Baar, C.A.; Discussion of Theme 4: ""Underground openings""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:116-117; 1979.Baar, C.A.; Discussion of Theme 4: ""Underground openings""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:117; 1979.Baar, C.A. '; Discussion of Theme 4: ""Underground openings""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:118-119; 1979.Baar, C.A.; Discussions (2) of Theme 4: ""Underground openings""; Proceedings 3rd Congress lntnl Soc of Rock Mechanics; 3:119; 1979.Baar, C.A.; Discussion of Theme 4: ""Underground openings""; Proceedings 3rd Congress Intnl Soc of Rock Mechanics; 3:120-121; 1979."

Jan 1, 1982

By Adrian Dance

Newmont Mining Corporation?s Carlin (?Carlin?) operation processes roaster feed through a double rotator, dry grinding mill following secondary crushing. Metso Process Technology & Innovation (?PTI?) was involved in a review of crushing and dry grinding circuit operations in August 2009. A number of opportunities for increased throughput were identified in the PTI study. Extended plant trials were conducted in July 2010 to provide justification for possible circuit modifications and if needed, additional equipment. The trials confirmed that a finer crusher product would reduce the build-up of material ahead of the coarse grinding chamber in the double-rotator. Also revealed were material transport and airflow restrictions in the dry grinding circuit that resulted in a high circulating load. The secondary crushing plant demonstrated it was capable of reducing the amount of +¾? material in the mill feed thus increasing dry grinding throughput. However, wet and sticky feed affected screening efficiency resulting in low utilisation of the existing crusher capacity. The open circuit configuration also made it difficult to control crushing circuit product size. For the dry grinding circuit, changes in grinding media size, transfer grate design and increased airflow were recommended to reduce circulating load issues and increase circuit capacity. This paper summarises the crushing and grinding circuit review, the extended site trials performed by PTI and the improvements in dry grinding operation that resulted from this study.

Jan 1, 2012

By S. Boisvert

Risk-based Inspection (RBI) addresses the challenges associated with ageing plants by focusing the inspection effort on the process equipments with the highest risk, thereby improving plant safety and reducing inspection costs. The RBI methodology is commonly used in the oil industry through the API 581 standard. Since no such standard exists in the mining and metals industry, BPR-Bechtel has developed one using inspection data from process equipments in CEZinc. Models were developed for various damage mechanisms, such as uniform corrosion and stress corrosion cracking. The equations were organized into a user friendly software that facilitates the implementation process.

Jan 1, 2010

By Gema Ribeiro Olivo

The hydrothermal Au-Pd deposits are hosted by the jacutinga in the Lake Superior-type iron-formation of the Itabira Group, Minas Supergroup. Jacutinga is a highly sheared, metamorphosed, hydrothermally altered iron-formation composed of hematite, magnetite, quartz, talc and phlogopite (Cauê) or muscovite (Conceição) and minor tourmaline, palladian gold, arsenopalladinite, mertierite II and palladeisite (hydrothermal) and native gold, native palladium Pd-Cu-oxides, and kaolinite (weathering products). The highest concentrations of Pd-Au occur in quartz and hematite veins parallel to the S1 foliation (Corpo Y, CorpoX, Aba Leste and Central orebodies, at Cauê and a single orebody at Conceição) or parallel to the S2 foliation (Aba Norte). The average ore grade is 30-40 g/t Au+Pd. The characteristics of the Au-Pd ore favor an epigenetic model for gold and palladium concentration in the iron-formation. During the D1 deformation and peak metamorphism, the oxiziding, acid and hot hydrothermal fluids transported Au and Pd preferentially as chloride complexes. The reaction of the fluid with the dolomitic carbonate (the probably protolith of the jacutinga) would have dissolved carbonate and K-feldspar to form muscovite or phlogopite and tourmaline, resulting in an increase in solution pH and a decrease of Cl concentration and subsequent deposition of gold and palladium minerals.

May 1, 2003

By Y. Chunhua, L. Chunsheng, W. Sheng

"Countercurrent solvent extraction is the dominant industrial rare earth separation method. For the rare earth separation, with low separation factors and multiple components, designing and optimization plays an important role in reaching product quality and reducing separation plant costs. Based on the theory of countercurrent extraction, cost-efficient methods, such as third-outlet separation and hyperlinked extraction processing, have been introduced following computer simulation. The consumption and fixed investment of industrial practice are compared, by which advantages of the optimized rare earth separation process are indicated. INTRODUCTIONThe rare earths (RE) have outstanding optical, magnetic and electric properties in advanced material applications and have therefore received much international attention in recent years. Liquid-liquid extraction is the major industrial RE separation method and is widely used in the industry. Supported by the government and with collaboration from the institutions and enterprises, China has made great progress in RE separation, and has become the dominant supplier of separated RE products. Complicated by multiple elements and low separation factors, careful design of RE separation processes is vital for the quality and cost of production. The theory of separation is the key to basic of flowsheet design and industrial applications.BASIC SEPARATION PROCESS AND THEORYGeneral ProcessAcidic extractants such as P507, P204 and naphthenic acid, are the most popular extractants in modern RE separation industry. In the general separating process, the extractant is saponified with a base, then ion-exchanged with RE solutions, thereby to provide stable and high RE loading in the extractant to fulfill the requirement of production quantity and quality. The RE-loaded extractant is then countercurrently extracted and scrubbed with RE solutions and the RE element thereby is purified. After the countercurrent extraction process, the RE-loaded extractant is stripped with acid to obtain an aqueous RE product, and prepare the extractant for recycling (Xu, 1995)."

Jan 1, 2012

By L. H. McKay

Tailing Dams Three types of dam have been structed to impound tailings from the Allenby mill: 1.- By classifier unit 2.- By earth dam 3.- By direct deposition of tailings The first type, which includes two dams, was built across a shallow valley which sloped down to Similkameen river, just below the mill site. Two earth embankments, one below the other, were built across the valley. Tailings were then piped to Akins classifiers mounted on wooden wheels. The classifiers were set up at one side of the valley and gradually moved ahead on the sand embankment created by the sand discharge from these classifiers, the slime overflow going to settli.ng ponds formed by the dams. Decanting wells were built in the settling ponds by placing four six-by-six timbers vertically in the ground, two feet apart, to which two-by-six tongue-and-groove boards were nailed. The elevations of the ponds were raised, as required, by nailing additional two-by-six boards on the well and bolting on more six-by-six timbers when required. The bottoms of the wells were attached to a covered launder made of three-inch lumber laid on a one per cent grade. This launder carried the overflow through the dam. The second type of dam was built across a long, narrow valley, known as Hitchen's Flat, the upper ~n d of which was about 2½ miles north of the mill. This valley, an ideal tailings site, was 4,000 feet long and from 600 to 800 feet wide. An earth embankment with a concrete spillway through the top was built approximately 28 feet high across the lower end of this valley. Tailings were then dumped into the upper end of valley, with no further expense until the basin was filled up to the level of the flume where this entered the valley. When the upper end of the valley was filled to this point there was still room for more tailings at the lower end. Therefore, a pump was installed to elevate the tailings to build a wall around the upper end of the valley by depositing sands from a launder built up on 20 foot supports and sloping both ways from the pumping station around the upper end of the basin.

Jan 1, 1950

By M. Romana

"RMR geomechanics classification is being used all over the World as a useful tool for tunnel predesign and construction. Bieniawski (1989) provided guidelines for tunnel excavation and support, according RMR numerical values; guidelines which are now included in almost all tunnelling books, regulations, and Internet portals. But in the last 25 years tunnelling techniques have changed and some of the guidelines have become obsolete.. The conditions of tunnels for the 1989 guidelines application were: horseshoe shape; 10 m width; vertical stress < 25MPa; construction by drilling and blasting. Actually a substantial number of tunnels are mechanically excavated. The tunnel themselves are now bigger: a span of 14 m. is very common for transportation tunnels. The guidelines included the following concepts: excavation method, rock bolts (20 mm diameter, fully grouted), shotcrete, steel sets. There is an increasing gap between the 1989 guidelines and the practice: in many tunnels different to-the-case excavation and support requirements are established. Bieniawski himself has published a paper (Lowson & Bieniawski, 2013) with different guidelines based in Lowson’s practice, with no explanations and/or justification.In this paper a new set of RMR tunnelling guidelines is proposed taking account of the actual industry conditions, and increased safety regulations. The 5 classes’ limit RMR:values (80,60,40,20) are no more useful actually: Values of RMR (70, 50, 30) are used in practice to define quite different tunnelling techniques. Consequently a 10 subclasses system is proposed. Each subclass covers a span of 10 RMR points. As the number of mechanically excavated tunnels has increased a new correction factor is necessary, according the excavation method.The proposed 2014 RMR guidelines are for tunnels 10 to 14 meters wide, the world practice for new roads/railways tunnels. Many tunnels for water/ services are smaller with smaller support needs. Wider than 16 m caverns are out of the RMR system.It is not possible, nor desirable, to propose only a value for support in each subclass. The new guidelines propose an interval of values for certain types of support. More pessimistic values must be chosen for wider tunnels, tunnels with lower RMR values in each class and cases when a higher safety factor is asked for. More optimist ones are chosen for narrower tunnels, and higher RMR values. Some alternatives are almost complementary, others are contradictory. Sometimes several different techniques are proposed Guidelines are not automatic options. Good engineering judgment must be used when choosing between the different alternatives. Guidelines are not mandatory suggestions."

Jan 1, 2015

By M. J. Bunyard, I. Mullany

"The pressures on mine operators are varied and constantly increasing, declining ore grades, more remote locations and increasing environmental concerns. The challenge facing the mining industry is to find new ways to process ores which are more efficient and less costly and to control them better. This requires a fundamental rethink in the way in which projects are developed, it is no longer good enough to just copy what has been done before. The process starts with the surfacing of the primary underlying constraints for the project and the establishment of new design principles to address these. The generation of new design criteria and processing options follows the well-established path of brainstorm, focus, brainstorm, refocus and economic evaluation. The aim is process intensification, doing more with less, as early as possible and better use of plant data. The methodology requires a complete geometallurgical understanding of the orebody to facilitate the evaluation of viable processing options. Examples of early stage processing considered are blast optimization and ore sorting to reject waste and reduce processing costs. Mine to mill integration, which starts with the optimization of blasting for separation, offers another way to significantly reduce operating costs and increase efficiencies.VALUE MODEL The mining industry has, over the past decade, experienced an unprecedented cycle of increased commodity prices and investments in new mining and processing capacity followed by a market collapse and fall in prices and confidence. Whilst there are now some signs of a return to investment in new capacity, the metals and mining industry is still wrestling with eroding margins and investor demand that companies achieve the full value of their assets. Metals and mining companies must work on all available levers to deflate their costs back to more manageable levels and capture the full value for their products. Levers include optimizing external spending, re-thinking make vs buy trade-offs, debottlenecking, improving availability and operating time of key equipment, more accurate and agile planning processes, value-in-use optimization, and tighter performance management. Figure 1 is a diagrammatic representation of a company’s value model. The three goals of a successful mining enterprise are social acceptance, environmental acceptance and sound financial returns to shareholders. Some of the KPI’s used to measure the success or not of achieving these goals are shown in the translation layer."

Jan 1, 2017

By John A. Teeter

"A SHORT WHILE AGO I enquired about The Mining Society of Nova Scotia. In all honesty I was apprehensive about addressing such a body if it was highly geared to the technical aspects of discovering and obtaining mineral resources. I was told that this would not be the case. Rather, there would likely be in attendance a broad cross section of people from business, industry and government and from across Canada and the U.S.A. Thus there would be an interest in a free-wheeling discussion of the prospects for industrial development in Cape Breton. Accordingly - being one who hates to miss an opportunity - I intend to exploit the invitation of your executive by being, over the next short while, frankly promotional. I would like to talk about what I consider to be some of the most important attributes of Cape Breton for industrial development and identify some of those prospects. Secondly, I will quickly review some of the things the Cape Breton Development Corporation is doing these days to stimulate some of that industrial development."

Jan 1, 1972

By S. Aram

Product Lifecycle Management (PLM) solutions have been serving as the basis for collaborative product definition, manufacturing, and service management in many industries. They capture and provide access to product and process information and preserve integrity of information throughout the lifecycle of a product. Efficient growth in the role of Building Information Modeling (BIM) can benefit vastly from unifying solutions to acquire, manage and make use of information and processes from various project and enterprise level systems, selectively adapting functionality from PLM systems. However, there are important differences between PLM?s target industries and the Architecture, Engineering, and Construction (AEC) industry characteristics that require modification and tailoring of some aspects of current PLM technology. In this study we examine the fundamental PLM functionalities that create synergy with the BIM-enabled AEC industry. We propose a conceptual model for the information flow and integration between BIM and PLM systems. Finally, we explore the differences between the AEC industry and traditional scope of service for PLM solutions.

Aug 1, 2013

By S. Fox, Y. Fujita

Increasing demand for rare earth elements (REE) is expected to lead to new development and expansion in industries processing and or recycling REE. For some industrial operators, sending aqueous waste streams to a municipal wastewater treatment plant, or publicly owned treatment works (POTW), may be a cost effective disposal option. However, wastewaters that adversely affect the performance of biological wastewater treatment at the POTW will not be accepted. The objective of our research is to assess the effects of wastewaters that might be generated by new rare earth element (REE) beneficiation or recycling processes on biological wastewater treatment systems. We have been investigating the impact of yttrium and europium on the biological activity of activated sludge collected from an operating municipal wastewater treatment plant. We have also examined the effect of an organic complexant that is commonly used in REE extraction and separations; similar compounds may be a component of newly developed REE recycling processes. Our preliminary results indicate that in the presence of Eu, respiration rates for the activated sludge decrease relative to the no-Eu controls, at Eu concentrations ranging from <10 to 660 µM. Yttrium appears to inhibit respiration as well, although negative impacts have been observed only at the highest Y amendment level tested (660 µM). The organic complexant appears to have a negative impact on activated sludge activity as well, although results are variable. Ultimately the intent of this research is to help REE industries to develop environmentally friendly and economically sustainable beneficiation and recycling processes.

Jan 1, 2016

By R. H. Duval

"In May 1936, Pamour started producing gold by cyanidation of flotation concentrates, and in 1939 was milling about 1, 600 tons per day.Refining records dating from 1939 show two oil-fired furnaces in use, (Rockwell type 46 11 x 29 11 inside oval shell).Refining time averaged 7. 83 hours during the year 1939, indicating a complete refining shift of about 9. 33 hours. That year appears to be characteristic of the period with regard to time required and results obtained.For that year total fineness (gold + silver) of the bars averaged 940 (approx.), but it frequently dropped below this figure, sometimes far below.Furnace lining life varied widely from three to seven or more months. Sillimanite was the standard lining but Mullfrax 41 was frequently used.For many years refining practice remained practically unchanged, and in 1960 procedure still consisted essentially of mixing a flux(% Composition Borax 41, Silica 11, Soda-Ash 11, Nitre 15, Mn02 22) with cyanidation precipitate in the ratio of l. 2 to l and heating to a medium heat (yellowishred, 2000° F) with a low flame for a long time. Time required was about 10. 5 hours per refining. Results were still much as detailed above.At this time it was decided to revise refining procedure, in an effort to shorten refining time and obtain consistently good bullion fineness."

Jan 1, 1965

By W. B. Gallup

"The Athabasca Bituminous Sands have been subject to sporadic investigations since the beginning of the century. It is probable, however, that much of what has been learned and achieved concerning the deposit has been accomplished in the last few years.Current exploratory techniques, generally speaking, involve a moderate amount of coring. Electrologs and often radioactive logs are run on most holes and certain types of these archieved excellent qualitative analysis when backed up by some core analysis for calibration. Exploration - is moving back from the river and consequently a permanent network of access roads has been developed within the last few years. Most of the operations take place in the winter time. There are about 90 permit holders at the present time.Some exploratory techniques are set up to go into recovery experiments where rich tar beds are found. It is probable that in the final analysis there will be several successful methods of extraction and that both mining and various in situ techniques will be applicable depending upon the problem locally."

Jan 1, 1960

By H. Hejny

Economy needs mineral raw materials in almost each sector of modern life. They can only be provided by mining activities. An increasing share of the total mining production will be by underground mining. The mineral deposits will be found at gradually greater depths, including all problems associated with them. It involves an increase in overburden pressure with subsequent rock stability problems and risks of structural collapse. There is a need for new and safe technologies for almost all parts of a modern mine. The mining industry faces a number of challenges which require technical solutions that encompass the entire network and include the economic, social and environmental issues. The industry needs a new image based on pioneering solutions and a modern structure that can exploit minerals at greater depths and promote both high productivity and safe working conditions. Funding has been secured from the European Commission for the I²Mine project. Work started in November, 2011. This initiative is designed to focus on the technological challenges that the mining industry is currently facing including the exploitation of ever deeper deposits and the aspiration for an invisible, safe, zero impact mine. The project comprises a consortium of 27 organisations from 10 European countries. I²Mine marks the start of a series of development activities aimed at realising the concept of an invisible, zero impact, deep mine. The extractive sector, still seen as being old fashioned and environmentally unfriendly, will show that mineral extraction and processing can be done in a highly innovative and sustainable manner with low impact underground and zero impact above ground. The concept of I²Mine is to develop innovative methods, technologies, machines and equipment necessary for the efficient exploitation of minerals and disposal of waste, all of which will be carried out underground. This will dramatically reduce the volume of surface transportation of both minerals and waste, minimising above ground installations and reducing the environmental impact. New eco-efficient technologies will be applied in order to make the entire mining process more efficient and environmentally sound. The concept is for an integrated mine, with the majority of the installations underground, and only the final product will be transported above ground to be shipped to the customer. Production waste will be treated and stored underground and gaseous emissions will be managed underground as far as practical. I²Mine will also focus on ideas and concepts that increase energy efficiency and decrease waste. The core of the project will be to develop breakthrough technologies for autonomous, highly selective, continuous mineral extraction processes and machinery based on new sensor technologies, face front separation as well as innovative concepts for mass flow management and transportation integrating state of the art technologies. The concept of an invisible, zero impact mine requires a refined process underground that selectively extracts the mineral thereby reducing waste. For this reason, improved extraction machines and near to face processing methods, including backfill procedures, need to be developed. These developments include rock mechanics and ground control solutions, incorporating health, safety and environmental issues.

Aug 1, 2013

By Wilson Pascheto

One of the main outcomes of a capital project is the reliability of a new plant, system or equipment. During 20 years of experience working in various capital projects for the mining industry, the author experienced failures which have caused significant losses to Owners, in many cases amounting to millions of dollars and almost jeopardizing entire projects. Often, failures were related to faulty design, shop fabrication and/or construction. Therefore, significant opportunities exist in the Mining Industry to improve the success rate of capital projects, improve on-line time at start-up, minimize the occurrence of unplanned maintenance due to equipment failures, and all this with positive contribution to health and safety. This paper presents some examples of failures and how they could have been prevented by proper Quality Assurance methodology. It also discusses some of the main challenges in the implementation of such methodology, including awareness of the Materials discipline and availability of trained Engineers.

Jan 1, 2015

By Cesar A. Urbano Jr., Gretchen T. Lapidus

A series of experiments examined silver extraction from a high-grade sulfide concentrate employing thiourea solution. Thiourea was initially oxidized with hydrogen peroxide (H2O2) to form formamidine disulfide (FADS) and used to extract silver from the as-received concentrate and after various pretreatments. Very low recoveries (~30%) were obtained with the as-received concentrate due to competitive cementation reactions by metallic iron and easily oxidizable copper phases. Over 80% Ag recovery was obtained when the concentrate was pretreated to remove this iron and copper. The results suggest that an oxidative acid pretreatment of this concentrates significantly improves silver recovery upon leaching with thiourea.

Jan 1, 2014

By J. Budac, R. Kofluk, S. Mankasingh

Stainless steels such as 316L or 304 are normally relatively resistant to attack by nitric acid. However research at Sherritt International’s Fort Saskatchewan Operation reveals that when the stainless steel is immersed in an aqueous system in which nitric acid is used to dissolve metals such as cobalt or nickel, the steel can be seriously corroded. Sherritt is patenting a simple process for arresting the corrosion via the use of copper. This process is expected to substantially eliminate corrosion in processes where nitric acid is used to dissolve metals attached to a stainless steel substrate.

Jan 1, 2014

By G. A. Sutton

"At the San Manuel mine (Arizona, USA), in-situ copper leaching of a copper porphyry deposit was carried out from 1986 to 1999 during underground and open-pit mining. In 1993–1994, well¬field testing of the supergene zone, composed primarily of chrysocolla and copper-rich clay minerals, led to estimates that 52% of the acid-soluble copper (ASCu) could be recovered during in-situ leaching; however, the actual recovery from zone 6, which had the longest leach history, was approximately 42%. Comparing drillcore assay data from holes drilled before and after leaching also indicated an approximate recovery of 42%. The discrepancy between the predicted (52%) and actual (42%) recovery is probably related to several factors, including difficulty maintaining fluid saturation, channelling effects, and gypsum precipitation. ¦ KEYWORDS Copper oxides, in-situ leaching, Modelling, Porphyry, Solvent extraction and electrowinning (SXEW), Well-to-well RÉSUMÉ À la mine San Manuel (Arizona, États-Unis), on a procédé de 1986 à 1999 à la lixiviation in-situ de cuivre d’un gisement porphyre cuprifère pendant l’exploitation minière souterraine et à ciel ouvert. En 1993 et 1994, des essais effectués dans des champs de captage de la zone supergène, composée principalement de chrysocolle et de minéraux argileux cuprifères, ont abouti à des estimations selon lesquelles on peut récupérer 52 % de cuivre soluble dans l’acide (ASCu) pendant la lixiviation in-situ ; toutefois, la récupération réelle dans la zone 6, qui affiche l’histoire la plus ancienne en matière de lixiviation, était d’environ 42 %. La comparaison des données d’analyses de forage obtenues à partir de trous forés avant et après la lixiviation indiquait également une récupération approximative de 42 %. La différence entre la récupération prévue (52 %) et réelle (42 %) réside probablement dans plusieurs facteurs, notamment la difficulté à maintenir la saturation des fluides, les effets de canalisation et la précipitation du gypse. ¦ MOTS CLÉS d’un puits à l’autre, extraction par solvant et extraction électrolytique (SXEW), lixiviation in-situ, modélisation, oxydes de cuivre, porphyreINTRODUCTION in-situ copper leaching at the San Manuel mine, Arizona, USA (Figure 1), began in 1986. It was recognized that some of the copper oxide resource was not economically recoverable by conventional open-pit and heap leach methods using solvent extraction and electrowinning (SXEW) and a high stripping ratio would be required to access part of the resource. At the time, in-situ leaching was becoming popular in the uranium industry, but the approach was virtually unknown in the copper industry, especially at a large scale."

Jan 1, 2019

DOME MINES, Limited, is a gold producer situated in the Porcupine area of Ontario, 500 miles north of Toronto. During the year 1960, '71 4,600 tons of ore were milled, yielding gold bullion valued at $6,025,370. Prior to conversion to natural gas, an average of 3,200 tons of coal was consumed annually, one third of which was obtained from Canadian sources with the remainder coming from the United States. Due to the distances involved, the freight charges increased the pithead cost by as much as ISO per cent. Steam is generated at a central boiler plant and used for timber treatment, plant heating and process steam. Until August, 1960, steam was supplied during the winter months by two water tube coal-fired boilers, each rated at 200 boiler horsepower at 100 per cent output. Steam requirement was as high as 150 per cent of boiler rating in the colder periods. The summer load was

Jan 1, 1962

By James Mackie

The Vancouver Stock Exchange (VSE) has been providing venture capital for start-up companies since 1907. Ninety years' experience in the junior mining industry has enabled the VSE to develop policies and procedures tailored to the unique needs of start-up companies. Policies and procedures applicable to listed companies are documented in the Corporate Finance Services Department "Policy and Procedures Manual." Approximately 50% of the companies listed on the VSE are in the mineral exploration and development business. The largest number are exploring base metal, precious metal or diamond properties. A recent count shows that about 20 companies are exploring industrial mineral or non-metallic deposits. The minerals sought by these companies include limestone, decorative stone, building stone, lava rock, wollastonite, zeolite, garnet and graphite. There are two basic routes to obtaining VSE financing for an industrial mineral property. The owner can either sell an interest in the property to a listed company or form a company and have it listed on the VSE. In each instance, the listed company is responsible for raising funds to develop the property. A typical financing consists of the sale of company securities byway ofeitherprivate placement or prospectus offering.

Jan 1, 2001