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By S. G. Shabestari

In the metal casting industry an improvement of component quality mainly depends on better control over the production parameters. Thus, thermal analysis cooling curve of the alloy is used for process control in aluminum casting industry. Cooling rates of the alloy during solidification process affect microstructure, grain size, eutectic silicon morphology, and dendrite arm spacing (DAS). In this research, effect of cooling rate on the microstructure and solidification parameters of 319 aluminum alloy that is a widely used alloy in automotive industry, has been investigated by means of thermal analysis. Seven different cooling rates have been obtained by using CO2-bonded silica sand molds with two different wall thicknesses, hot-work tool steel molds (H13) with and without coating, thin-wall steel molds with different coatings. In each case, cooling curve and first derivative cooling curve have been plotted by use of very accurate thermal analysis equipment. Effect of different cooling rates on solidification parameters e.g. Nucleation temperature (TN,a), nucleation undercooling (ATN,a), recalescence temperature (TR,a), solidification range (AT,s), and total solidification time (t 0 have been studied in the liquidus region. Microstructural evaluation has been carried out and DAS were measured in all solidification conditions. A numerical equation was proposed to predict cooling rates via measuring DAS in 319 aluminum alloy. Nucleation process and the effect of cooling rate have been interpreted by using thermal analysis cooling curves and microstructural study.

Jan 1, 2004

By C. Klinkenberg, G. Zhu, K. Hulka, S. V. Subramanian

A quantitative model based on strain accumulation in multi-pass rolling is developed to overcome a large critical strain for dynamic recrystallisation in a Nb microalloyed steel with high Mn content (HTP steel). The larger the critical strain for dynamic recrystallisation, the finer is the dynamically recrystallised grain size. The initial mill trial showed that it is feasible to achieve ultra-fine grain size by dynamic recrystallisation but the prevention of static recrystallisation in between passes is identified as an essential condition to suppress mixed grain size. The data-base on static softening kinetics at short interpass time was experimentally determined on WUMSI and incorporated in the model. The model is used to optimise the strip rolling schedule to prevent static recrystallisation in the interpass time. The rolling simulation of strip rolling schedule has validated the model prediction that it is possible to obtain a uniform ultra-fine ferrite grain size of about 1-2 micrometer diameter in final ferrite microstructure for industrial rolling parameters. A user friendly software package has been developed to apply the model for off-line control of mill processing parameters, i.e., time-temperature-deformation schedule of finish rolling in order to accumulate large strain to overcome a large critical strain for dynamic recrystallisation. The model is a powerful predictive tool for grain size control in multi-pass rolling.

Jan 1, 2004

By Michel Dagbert, Mohammed Harfi

"Abstract - The Draa Sfar polymetallic deposit, at about 16 km NW of Marrakech in Morocco, is a massive sulfide zone at the contact between an underlying volcanic and an overlying clastics sequence. The mineralized body is a flat lens with schistosity and "boudinage," tilted to the west and with a strong dip to the east. The lens extends over a strike length of about 2 km and from surface to a depth of about 1 km, with thickness varying from 1 m to almost 30 m. It has been intersected by about one hundred surface drill holes and, in its south part, by about thirty underground fan holes from two exploration levels at depths of 300 m and 400 m. On these two levels, the massive sulfide zone has been channel sampled over a cumulative length of about 0.7 km. Results from drill and channel samples are used to estimate the resources of the orebody according to several methods: sections, polygons around intercepts on a longitudinal plan, grids on the same longitudinal plan with various distance weighting methods including kriging and, finally, a 3D grid with the same range of interpolators. A comparison of the various estimates delineates the important factors in deriving resources for this type of deposit. Those factors are mostly geological and related to the interpretation of the geometry of the two limiting surfaces of the zone. For the 3D gridding, the authors have devised a new and original method that constrains the interpolation of blocks from samples to a geometry of limiting surfaces. The resulting model shows internal grade variations that parallel fluctuations of zone thickness and orientation without having to re-orientate the search window in each block. Résumé - Le gisement polymétallique de Draa Sfar, situé à environ 16 km au NW de Marrakech est un horizon de sulfure massif au contact d’une formation volcano-sédimentaire de base et d’une formation détritique sur-jacente. Le corps minéralisé se présente sous forme d’une méga-lentille aplatie, schistosée, boudinée et déversée vers l’ouest avec un fort pendage vers l’est s’étendant sur une longueur de 2 km et une profondeur de près de 1 km avec une épaisseur variant de moins d’un mètre à près de 30 m. Il a été reconnu par plus d’une centaine de sondages de surface et, dans sa partie sud, par une trentaine de trous souterrains en éventail à partir de deux niveaux à des profondeurs respectives de 300 m et 400 m. Sur ces mêmes niveaux, des traçages ont permis de rainurer le minerai sur une longueur cumulée de 0.7 km. Les données de sondage et de rainurage ont servi à estimer les ressources du gisement selon plusieurs méthodes : sections, polygones sur longitudinale, grille sur longitudinale avec différentes pondérations en fonction des distances incluant le krigeage et enfin grille tridimensionnelle avec le même éventail de pondérateurs. La comparaison des estimés obtenus permet de mettre en évidence les facteurs importants dans l’estimation des ressources de ce type de gisement. Ces facteurs sont essentiellement géologiques et relatifs à l’interprétation de la géométrie des limites des corps minéralisés. Pour l’estimation sur grille tridimensionnelle, on a mis au point une technique originale qui calque l’interpolation des blocs à partir des échantillons sur cette géométrie des surfaces de contact. Le modèle résultant montre des variations internes de teneurs qui épousent les fluctuations d’épaisseur et d’orientation de la zone sans qu’il soit nécessaire de ré-orienter les fenêtres de recherche dans chaque bloc."

Jan 1, 2002

By Pierre Laliberté

L?utilisation de plusieurs nouvelles technologies et systèmes de contrôle visant des économies d?énergie dans une exploitation minière pourrait laisser croire qu?il suffit d?additionner les économies potentielles de chacune de ces technologies pour en évaluer l?économie totale. Une addition simpliste des pourcentages d?économie pourrait, dans certains cas, dépasser 100%, ce qui est évidemment totalement incohérent. Les LMSM-CANMET sont à réaliser une étude dont les résultats serviront à estimer l?influence de certaines technologies et systèmes de contrôle visant des économies d?énergie et à évaluer l?impact des unes sur les autres. En outre, un modèle de simulation est en cours de création afin d?évaluer les gains incrémentaux liés à l?application d?une série d?innovations dans une exploitation minière. La présentation fera le point sur l'état d'avancement du projet en plus de soumettre quelques exemples.

May 1, 2007

By P. W. Billwiller

Abstract The Britannia Mining and Smelting Company, Limited, have replaced diamond drills with percussion drills and tungsten: carbide bits for most of their blast hole drilling operations and have thereby reduced ore breaking costs. Two-inch Carset bits .are used, with one-inch hexagonal Atlas Chippewa alloy steel in 3-foot .and 6-foot lengths. Locally made couplings of Atlas SPS 245 alloy steel connect the rods. The machines used are 31½-inch automatic leyners with lugged or anvil block chucks. For drilling holes below the horizontal, the lugged machines with special adapter rods made from 114- inch solid round Atlas SPS 245 are required. These rods are lugged at one end and a water hole is drilled for six inches into the other end. Over this rod is placed a water swivel which permits the water or air to be sent directly into the steel. A decreased cost per foot, increased footage per shift, and the use of standard equipment and crews are some of the main advantages of tungsten carbide drilling over diamond drilling. Introduction Long-hole drilling with percussion drills and sectional steel was introduced in several American mines some twenty-five years ago. It did not prove very successful, however, because the rapid gauge loss in steel bits necessitated the use of very large starter bits. This in turn rapidly fatigued the straight carbon-steel then in use, made it difficult to maintain the couplings, and resulted in a slow drilling rate. The introduction of the tungsten carbide insert bit and alloy drill still has changed this picture and opened real possibilities for the application of percussion drills to blast-hole drilling. If this type of bit had been perfected ten years ago, much of the research work and experimenting done to apply diamond drills to ore breaking would have gone toward developing the application of the tungsten carbide bit to this problem.

Jan 1, 1950

By S Grönstrand, C. Perez, A. B. Yañez, F. Coddou, P. Morales, H. Elgueta

"The TankCell® 300 forced air flotation cell designed and built by Outotec, with active volume of over 300 m3, was installed at Codelco’s Chuquicamata concentrator in September 2008. After that, a program was conducted, where the new cell was tested against the plant’s existing flotation cells of type TankCell® 160, with an active volume of over 160 cubic meters.Testing program was exhaustive and detailed. Grade-recovery curves for each setup were reported, along with recoveries by particle size. Secondly, operational characteristics like air feed and froth height setpoints, and power consumption are compared side-by-side. As the third topic, gas dispersion characterization included velocity mapping, holdup, bubble size and bubble surface area flux operating range. The fourth area of interest was the retention time distribution (RTD) of the 300 and 160 m3 cells in comparison. A detailed campaign using radioactive tracer tests was conducted to clarify this.All of the investigations mentioned above are reported in separate papers for more detail. The aim of this paper is to collect the key findings, and present them in real terms, always referring to operability and metallurgy of the cells. It is destined for people designing new plants and to those improving and expanding existing ones. The most frequently heard question is: will the new large cells operate at same efficiency as the smaller ones. In short, the answer is: NO. They operate at improved efficiency!INTRODUCTIONIn the last two decades of minerals processing, there have been three dominant trends of development in the flotation technology: equipment scale-up, cell characterization and circuit modeling. Equipment scale-up has been rapid in the past two decades. In the year 1990, the largest flotation cell in use was 50 cubic meters of size. This year, 300 cubic meters is the largest installed cell. Characterization of flotation equipment and circuits is a very popular subject nowadays and has helped many operations to improve their recoveries through better control strategies, for example by using optimized air feed and level control profiles (Gorain, 2005), (Doucet, Gomez, Finch, 2006), or through better maintenance (Coleman, Urtubia, Alexander, 2006). Characterization work is closely linked to circuit modeling. The aim is to produce sufficient amount of data to allow reliable model building. These models are then used to design new circuits and to improve existing ones. So in summary, these three lines of development have slightly different aims – from capital and operational cost to performance optimization. Ultimately, they converge in the same end result – maximizing the profitability of the operation. Following chapters will summarize the extensive test work and scientific studies at Codelco Chuquicamata. The aim was to compare a TankCell® 300 cell, with nominal volume of 300 m3, against two TankCell® 160 machines, with 160 m3 volume in each. The work should yield answers to questions: does the larger cell produce similar results – is the scale-up successful?"

Jan 1, 2010

By William Ferguson, Claude Deveau, Wade Hazel, Stephen R. Young, Allen Lussier, Robert Copeland

"LocationSometimes known as the Bernie Lake mine, the mine is located about 180 km east-northeast of Winnipeg on the northwestern shore of Bernie Lake, close to the Nopiming Provincial Park and the Manitoba-Ontario boundary. The mine is accessed from Lac du Bonnet which is linked to the provincial road system.Brief Description of OperationTantalum Mining Corporation of Canada Ltd. operates an underground mine employing ramp access, room and pillar mining, and shaft hoisting for the production of tantalum, lithium and cesium minerals. Daily campaigned crushing of the tantalum and lithium ores supply separate concentration circuits. Tantalum recovery employs conventional gravity equipment together with recently developed centrifugal concentration methods. All tantalum concentrates go to Cabot Performance Materials for the production of tantalum chemicals and metal. Lithium minerals are recovered using heavy medium separation and silicate flotation to produce spodumene and montebrasite/amblygonite concentrates. The lithium concentrates are shipped worldwide for use in ceramics, specialty glass and mold powders. Cesium processing involves the dry grinding of pollucite as feed stock for the recently built on-site chemical plant dedicated to tl1e production of cesium formate, a high-density drilling fluid for use in the oil industry."

Jan 1, 2000

By J. McCreedy

This paper reviews new methods of exploration for metals and new techniques of mining the deposits and extracting the metals from their ores. Examples of mining innovations are taken from Inco's Thompson Operation. The importance of presenting a favorable image of the industry to college students and young people deciding on a career is stressed.

Jan 1, 1971

By A. R. Sorta, D. C. Sego

ABSTRACT The settling, shear strength, and index properties of oil sands fines-sand mixture tailings (FSMT) for a wide range of solids and fines content are investigated. Results indicate that the liquid limit of FSMT obeys a linear mixture law. The fines-water ratio (FWR) governs the permeability of composite tailings (CT) and CT with comparable geotechnical behaviour can be produced from the same initial FWR mixtures. A phosphogypsum (PG) dosage > 900 mg/kg does not improve the dewatering behaviour of CT. The undrained shear strength of FSMT at the liquid limit is approximately 2.4 kPa, but is dependent on fines content at the plastic limit.

Jan 1, 2013

By Jon A. Carlson, W. Scott Williams

The EKATI"" Diamond Mine commenced operation in October 1998. It is operated by BHP Diamonds Inc., which is a part of the Non-Ferrous and Industrial Materials Division of BHP Minerals, a business unit of BHP Company Ltd. of Melbourne, Australia. The EKATI"" Diamond Mine is a joint venture of BHP Diamonds Inc. (51%), Dia Met Minerals Ltd. (29%), Charles E. Fipke (10%) and Dr. Stewart L. Blusson (10%). In December 1993, an office was opened in Yellowknife, Northwest Territories specifically for the then Northwest Territories Diamonds Project (EKATI"" Diamond Mine) development. EKATI"" Diamond Mine is located 300 kilometres northeast of Yellowknife and 200 kilometres south of the Arctic Circle in the Northwest Territories of Canada (Figure 1 ). The site is located in a remote tundra area of continuous permafrost, north of the tree line, which is part of the Canadian Shield. Wekweti (Snare Lake), a Dogrib community approximately 180 kilometres southwest of the project, is the closest neighbour. The mining area and facilities lie within the 10 960 hectares land leases held by the joint venture. The total claim block (core zone and buffer zone joint ventures) covers 344 000 hectares. To date, more than one hundred kimberlite pipes have been identified within the claims. Five of these provide the basis for the present mine plan. Total capital investment in the project is over C$700 million. At full production employment will be about 600, including employees and long-term contractors, with over 33% being Aboriginal from the Northwest Territories.

Jan 1, 2001

By H. B. Lumsden

This paper is intended to deal merely with the commercial development of some of the principal non-metallic mineral resources in the three prairie provinces- Manitoba, Saskatchewan, and Alberta. Coal is not included in this summary. Building Stone First and foremost, mention may be made of the building stone now being produced at Tyndall, Manitoba. This is a mottled limestone and is declared by experts to be one of the finest building stones in America, both as regards durability and appearance. It has been used very extensively both for exterior and interior work, not only in western Canada, but also in the principal cities as far east as Montreal. The stone is the "'Upper Mottled Limestone", which forms the summit of the Trenton (Ordovician) strata in the Lake Winnipeg basin. Quarries are at present being operated at Garson and Tyndall . The area where this stone is known to be available extends in a north and south direction for a distance of three miles, and the main productive ridge is probably about one half mile wide. The outlook for the future of the industry is extremely promising, as the stone is becoming increasingly popular in Eastern Canada, more particularly for interior work.

Jan 1, 1928

By B. F. Haanel

IN the fall of 1929, a paper was presented at the Annual Western Meeting of the Institute entitled The Fuel Research Laboratories at Ottawa and the Scope of Their Investigations. At that time, the equipment of the laboratories had not been completely installed, but the regular routine work was being carried on as usual, and several large-scale investigations were being conducted. It is now five years since that paper was presented, and it seems fitting that a brief description of the investigations which have been undertaken, together with results-especially those which have reference to western Canadian fuels-be presented at this Annual Western Meeting. The coal mining industry of western Canada has, within the past few years, suffered many unfortunate vicissitudes. The replacement of coals by oil, for bunkering ships, for operating railway locomotives, and for heating, has weighed heavily on the coal mining industry of British Columbia and Alberta generally, but more particularly in the Crowsnest Pass area and Vancouver-and hydro-electric developments have also left their impress. With a full appreciation of these conditions, the Department of Mines planned research and large-scale investigations which it was considered would be of the greatest benefit to the coal industry, and the results have amply justified the plans and anticipations. The fact, however, must not be lost sight of, that the application of the findings of certain of these investigations would not have been feasible had not the Federal Government assisted the transportation of coal by the application of railway subventions. These subventions permitted Canadian coals to compete at competitive points with United States coals, and it must be admitted also in this connection that certain of the collieries which have benefitted, both as a result of the railway subventions and the investigations conducted by the Fuel Research Laboratories of the Department of Mines, made special efforts to produce a coal which was capable of competing with the American product, by special preparation at the mines.

Jan 1, 1936

By Anton Gronningsater

MR. J. R. GORDON: The authors are to be congratulated for their excellent papers on Copper-Nickel Matte Converting. Mr. Drummond's paper contains the results of a thorough and exhaustive study of a series of converter charges. Mr. Gronningsater has presented convincing arguments in favour of his claim that the converter has been neglected as a smelting machine for ore. Some of us may not be inclined to agree with his conclusions. Converting, like most metallurgical operations, is a compromise between an ideal and a practical operation. If it were possible for one to neglect entirely the matter of converter linings, I believe we would all agree that the proper flux for matte in a converter would be pure quartz. Under such ideal conditions, one would, if proper temperature were maintained, make the smallest quantity of slag containing a minimum of magnetite. Converter slags are notorious for their high metal content and must always be subjected to a further cleaning treatment before being discarded. For that reason, the tonnage of converter slag produced should be minimized. If norite is used as a converter flux, then the tonnage of converter slag would be greatly increased if the silica content is maintained at 27 per cent or higher. I cannot agree with Mr. Gronningsater's suggestion that, in con¬sidering a converter flux, the sum of the silica, alumina, alkaline-earths, and alkalis should be considered as being of value. The alkalis and alkaline-earth contents of the flux will replace iron in the silicates formed and tend to increase the viscosity of the slags. However, if the converter is to be used as a smelting machine, it will be necessary to drop the silica content of the converter slag in order to avoid production of excessive slag tonnages.

Jan 1, 1942

By Joseph Hirschi, Behrooz Abbasi, Harrold Gurley, Yoginder P. Chugh

"The research goal was to assess if analytical tool/s can be developed to quantify displacements around a geological fault as longwall face moves toward it and past it. A company was faced with crossing a 2-3 m (6-10 ft.) normal up-thrown fault in the development entries and the face while mining a 375 m (1,200 ft.) wide longwall face. A field monitoring and numerical modeling study was performed to develop data. Field measurements consisted of roof-to-floor convergence and rectangular rosettes in the immediate roof. Numerical modeling consisted of constructing a 3-D structural model using the FLAC3D software with the fault plane incorporated as ubiquitous joint. Based on analyses and field observations data, the coal company was informed of impending movements along the fault plane and likely impacts on the development entries. Additional stiff supports were installed in head gate entries around the stage loader and equipment about 60 m (200 ft.) outby of the longwall face (solid). As the longwall face approached the fault, predicted displacements were documented and manifested by severe loading on the installed supports.BACKGROUND AND STUDY OVERVIEWThis paper summarizes results of a cooperative study aimed at improving longwall mining operations in Illinois. More specifically, the study focused on: 1) In-mine measurements in development entries while mining ahead of and behind a faulted zone, 2) Making observations on stability of pillars and entries while mining through the fault, and 3) Developing simplified analytical structural models using FLAC3D to assess if predictive techniques can be developed to plan mining operations through fault zone. Available data on geometry of the fault with estimates of the cohesion and frictional parameters were used for modeling."

Jan 1, 2015

By P. A. Bahri, D. G. Dixon, T. M. Woodward

A comprehensive mathematical model of the Sherritt-Gordon ammoniacal pressure leaching process at K winana Nickel Refinery has been constructed. The process is comprised of six autoclaves functioning as a three-stage leach circuit, operating over the temperature and pressure ranges of 85-95°C and 750-1000 kPa, respectively. The process chemistry forms a complex series-parallel reaction network, characterised by: (1) the gas-liquid mass transfer and reduction of oxygen, (2) the oxidation of eight distinct minerals, (3) the oxidation of sulphur, and successive reactions involving various intermediately oxidised sulphur species, and (4) the oxidation of Fe(II) to Fe(III), and subsequent precipitation as a hydrated ferric oxide. Material balances were developed for species in all three phases, and an energy balance to account for all reactions and phase conversions. The multiple convolution integral (MCI) statistical reactor model was employed for the scale-up of particle kinetics. The model has been validated against plant data, and simulation results are in agreement with plant performance.

Jan 1, 2005

By N. W. Xu, M. D. Wei, F. Dai, B. Li

"Chevron notched samples achieve general acceptance for measuring the Mode-I (opening mode) fracture toughness of rocks. The cracked chevron notched semi-circular bending (CCNSCB) sample, which is developed from the International Society of Rock Mechanics suggested the cracked chevron notched Brazilian disc method, has recently received much attention. However, these chevron notched methods have not been fully mastered, some ideal assumptions based by their theories and formulas, such as the straight-through crack assumption (STCA), have not been verified detailedly. Fractures of CCNSCB specimens were numerically simulated considering different heterogeneities, geometrical and mechanical parameters. The results show that, the real fractures of CCNSCB specimens are never satisfied with the STCA. In fact, micro fractures not only occur in the notch tip but also the two chevron edges. Consequently, the crack front features prominently in a shape of parabolic curve, far from being straightthrough. Moreover, curvature of the crack front is only affected by shape of the chevron ligament. Cracks usually start from two sides of the notch tips rather than center of the notch width, and propagate deviating from the postulated fracture routes. These fracture mechanisms induce errors with the measurements, and thus more attentions should be paid to the real fractures of the chevron notched samples for measuring fracture toughness more accurately. INTRODUCTIONWith the increasing requirement of people for resources and energies, frequent rock engineering activities have been conducting, such as underground excavation, oil exploration and deep burial of nuclear waste. Many problems appear in rock fracture. Consequently, there are more and more attentions paid in rock fracture mechanics due to its broad application prospects for solving these engineering problems. Since Mode-I (opening mode) fracture is the most common failure mode in rocks, Mode-I fracture toughness is a primary parameter to predict rock mechanical properties in actual engineering, and thus its accurate values are necessary to the researches of rockburst, rock mass slope stability, rock cutting, hydraulic fracturing, tunneling, et al. Therefore, it is thus significant to evaluate and study relevant methods to obtain the reliable value."

Jan 1, 2015

By John Smith

"The RTZ Corporation PLCFrom a company's point-of-view, a good investment decision is one which results in the purchase of an asset that is worth more than it costs. Thus, in order to judge the merit of an investment opportunity, it is necessary to estimate the value of the assets to be acquired.Discounted cash flow (DCF) analysis has become widely adopted by companies in assessing potential new investments. The principle is a simple one: invest in projects which have a positive net present value, and reject those which do not. However, perhaps because of its apparent simplicity, DCF analysis is frequently misused. Good practice in the use of the technique is discussed, together with several common misconceptions.Sound analysis requires sound data; thus, the valuation process relies heavily upon a wide range of specialists to provide the basic input from which cash flow forecasts can be built up. The analyst must maintain close liaison with these specialists from the outset in order to ensure that the data provided is indeed relevant and complete.IntroductionBefore turning to the main subject of this paper ""How Companies Value Properties"", it is of interest to consider first a slightly different question ""Why do Companies value Properties""? In other words, for what purposes are such valuations prepared? Certainly the commonest, and probably the most important circumstance in which a valuation is required is when the company is considering an investment opportunity. This may be the direct purchase of a property or group of properties from a third party, but could also be the opportunity to develop a new operation or expand an existing one.A very simple objective in making any kind of investment is to make our shareholders richer than they would otherwise have been. That is, to make investments whose value to shareholders exceeds the consideration required to acquire them. Thus the investment decision focusses on the difference between an asset's value and its cost.This distinction between ""value"" and ""cost"" is an important one. Study of a company's balance sheet may tell a lot about the cost of this company's assets, but very little about their value. Then again, it is sometimes argued that a business should be bought because this will result in assets being acquired for less than their replacement cost. This merely compares one cost with another, it says nothing about value."

Jan 1, 1991

By G. S. Hume

FOR MANY YEARS Canada lived in the hope of attaining a substantial production of petroleum and natural gas that, to geologists familiar with the sedimentary basins of this country, seemed an entirely reasonable expectation. There have been surges of exploration activity stimulated by oil and gas discoveries and development such as occurred in Turner Valley. However, it was not until the Leduc field in Alberta was found in 1947, and the significance of that discovery was realized, that the search became really intensive and continuons. Expansion now has become a matter-of-fact attitude based on results which would have been considered impossible of achievement a few years ago.

Jan 1, 1957

By Rodney A. Cooper

The Mary River iron ore deposits were discovered in the 1960?s. The high quality of the deposits was immediately evident, and drilling programs were successful in defining a resource adequate for supporting a feasibility study. Through a combination of ownership, market and political forces, the deposits were not developed. Having missed the window of opportunity, the project remained dormant for over three decades. Baffinland Iron Mines Corporation, with its 100% ownership of the Mary River deposits, began trading publicly in 2004. Modern exploration and metallurgical test work began in 2004 and has continued in 2005 and 2006, resulting in total expenditures during this period of almost C$60 million. In May 2006, an engineering team lead by Aker Kvaerner E&C, a division of Aker Kvaerner Canada Inc., completed a scoping study based on the first of five identified deposits. Highlights of that study include direct shipping of high quality lump ore to Europe over a 34 year mine life at a production rate of 10 million tonnes per annum, based on an indicated resource of 309 million tonnes at 66.1% Fe and an inferred resource of 28 million tonnes at 65.9% Fe. Capital costs were estimated at C$1.5 billion. Using iron ore prices approximately 36% below that of the 2006 market, a pre-tax internal rate of return of 15% was estimated assuming equity financing. Payback on initial capital was 5.9 years. The pre-tax life-of-mine cash flow was estimated to be C$6.3 billion. As a result of this study, Baffinland initiated a Definitive Feasibility Study, under the management of Aker Kvaerner, which is scheduled for completion in December 2007. This paper touches on the geology of the deposits, the current resource and the outlook for expansion. Project permitting, construction planning, logistical challenges and ocean shipping considerations are discussed, providing a current perspective on the project scale, scope and timeline for commercial production. In addition, an overview of the Company?s bulk sampling program will be provided.

May 1, 2007

By H. E. Grier, H. H. Aronson, H. F. Coffer

"Nuclear explosions are currently being planned for use in oil and gas production, the recovery of oil from oil shale, gas storage and copper leaching. The current status of each of these projects is discussed, with emphasis on the economics of each application. The first commercial application of nuclear explosives will be in gas stimulation. Project Gasbuggy will be rapidly followed by two additional shots, also related to gas production. These three events, each in a different formation, will be described in this paper with a discussion on their significance to the world's oil and gas industry. The use of nuclear explosives in oil and gas stimulation should be a standard accepted practice within a few years. Calculations based on explosions in media such as tuff, alluvium, granite and dolomite predict large increases in productivity when nuclear devices are used in tight, thick formations. The broken-up rock resulting from the explosion becomes the new well bore, with a production rate of six to twelve times that of a normally completed well.Also included in the paper is a discussion of the real or possible problems associated with nuclear explosive engineering. The only major foreseeable problem is the seismic shock wave. This limits the size of explosive which can be used near important surface structures. A discussion is included on the radiation problem, which we believe to be largely psychological in the case of contained explosions."

Jan 1, 1968