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By R. B. Stein

"Countercurrent decantation circuits(CCD) are often employed in hydrometallurgy to effect solids-liquid separation in combination with a barren solution wash to reduce losses of valuable solution component(s) from the tails. Bechtel Corporation uses its BEMSIM flowsheet-modelling PC computer program to simulate a CCD circuit where the ""dirty"" wash solution contains significant amounts of soluble components. An algorithm successfully models this condition and is simplified to a single expression when the wash solution is a ""clean"" solution containing no solubles. The CCD calculation module is compared to operating data from uranium and nickel-cobalt CCD circuits.IntroductionHydrometallurgical process schemes have often relied on countercurrent washing methods to reduce soluble losses of valuable product in the tails. Commonly used equipment to effect this operation is a CCD circuit of N thickeners in series, where a slurry is fed to thickener I and a wash solution to thickener N; clear pregnant solution overflows thickener I and washed tails exit as underflow from thickener N. CCD circuits of this type are typically employed when the solids tend to slime heavily and where a filter is not economic.A typical CCD circuit usually employs from two to five thickeners and can employ either a ""clean"" washing solution of, say, pure water or else the hydrometallurgical circuit may generate a ""dirty"" barren solution containing an appreciable amount of soluble component which may be advantageously returned to the process as CCD wash solution. Various authors have treated the case for clean washing solutions (Svarkovsky 1977, Merritt 1970). For the case of dirty wash solutions, an algorithm has been developed to enable efficient modelling by the BEMSIM computer program, because the need for an accurate method to calculate soluble losses is required when performing an economic trade-off analysis of the value of product lost in the tails as a function of the number of thickeners."

Jan 1, 1990

By B. Jena, M. Rigaud, S. C. Panigrahy

"The influence of flux addition on the structure and properties of pellets produced from low silica specularite with peat moss and bentonite as binders was investigated. Specific pellets basicities in the range of 0.4 to 3.2 were obtained by the addition of limestone or a combination of dolomite and limestone as flux. A t basicities < 1.6, the bonding in the pellets was provided by a glassy silicate phase. At basicities =1.6, calcium ferrites were the predominant bonding phase. When dolomite was added as a flux, presence of magnesia-ferrite was noted. The reduction behaviour of pellets at different basicities was found to be influenced by the type of flux and binder. The pellet compression strength and swelling characteristics were improved with increased basicity.IntroductionThe properties of iron ore pellets are influenced by the type and nature of the ore or concentrate, additives and their subsequent treatment to produce pellets. The interaction between various constituents of the concentrate and additives, i.e. iron oxides, gangue and fluxes etc. result in the formation of various mineralogical phases which affect the degree and nature of bonding achieved in the pellet and the structure and distribution of pores. The pellet properties such as pellet strength and reducibility are influenced by the extent and type of bonding achieved between the ore particles. In view of the present emphasis on the production of high quality pellets to meet progressively stringent quality control requirements, it is essential to investigate the effect of additives on the bonding mechanism and properties of the pellets.In the past, the effects of additives on the bonding mechanism of pellets have been investigated. It is important to note that the conditions and parameters to be controlled are typical of a given concentrate/ore. In this paper, the results of the investigation on characterization of fluxed pellets produced from a low silica specularite concentrate are reported.This investigation was also aimed at assessing the suitability of peat moss for use as a binder for the production of low silica fluxed pellets. Peat moss is abundantly available in the vicinity of iron ore mines in Quebec and encouraging results have been obtained du ring the production of high silica acid and fluxed pellets."

Jan 1, 1992

By H. Warren Newcomen, Dennis C. Martin

"This paper describes the investigation of a large, progressive slope failure on the southeast wall of the east pit at Highmont Mine, British Columbia Geotechnical investigation s consisted of geological and structural mapping, assessment of blasthole drilling records, review of rock core information, slope movement monitoring and back analysis of various possible failure modes. Climate records and mining history were also assessed to determine their relationship to slope movement.Analysis of movement monitoring records and geotechnical information indicates that the failure is deep seated. The upper portion of the failure surf ace occurs along clay filled discontinuities. The lower portion of the failure surf ace appears to occur through the highly altered rock mass. High groundwater pressures and mining at the toe of the slope are documented to have had a major influence on stability at various times during the failure. Stability analyses results are presented and possible remedial measures are discussed.IntroductionHighmont Mine is located near Logan Lake in the Highland Valley approximately 50 km southwest of Karnloops, British Columbia (Fig. I). Mining of the porphyry copper and molydenum ore bodies began in 1980. In May, 1983, when mining in the east pit had progressed to a depth of about 60 m (200 feet) , a failure (designated the Southeast Failure) began to develop in the southeast corner of the east pit. Subsequent mining to a depth of 110m (360 feet) was accompanied by frequent and substantial slope movements involving between 500000 and I 000 000 m3 of rock . The slope was monitored extensively to assess short-term movement trends for operational safety. Geological mapping, core logging and rock mechanics testing were used in conjunction with the long-term monitoring information to determine the failure mechanism, conduct stability analyses, assess the effects of instability on pit design and enable design and installation of remedial measures."

Jan 1, 1988

By T. Maio

Twelve years ago, Kennecott Utah Copper modernized its Refinery in conjunction with the modernization of the Kennecott Smelter with the latest flash smelting and flash converting technologies. The Refinery modernization consisted of installation of new polymer concrete cells, installation of KIDD TPS (total production stripping) system, installation of automated materials handling system, and the construction of a new hydrometallurgical slimes treatment process and precious metals plant. This paper outlines the Refinery operations and process improvements. Also presented are the newly implemented technologies and operating results of one of the world&apos; s largest and most modern electrolytic copper refineries.

Jan 1, 2007

By O. Neves, C. G. González Beca, M. C. Sol Pereira, H. Sousa Vale, R. A. Guedes de Carvalho, M. N. Sampaio

"As sulphide ores are usually concentrated by flotation , the material is very finely ground <37um), wet and impregnated with the chemicals used in flotation. These conditions are favourable to the development ofchemical reactions which are largely influenced by atmospheric conditions (temperature, humidity, wind, etc.) as well as by the geometry of the piles.Physical and chemical properties of a chalcopyrite concentrate were determined by laboratory tests. The knowledge of these properties was considered necessary in order to establish a correct design of the storage and handling operations of the sulphide ore concentrates obtained by flotation.The properties studied in this work were: transportable moisture limit, flowability, effects of vibration, hygroscopicity, ""caking"", chemical alterations by humidity, oxidation and self-heating (auto-ignition, dry and wet oxidation, self-heating by humidification and its prevention).INTRODUCTIONIn order that the handling and the transport of a powdered material may be carried out correctly, it is necessary to know certain physico-chemical characteristics. Transportable moisture limit (TML), apparent density (both aerated and compacted), compressibility, angle of repose, angle of spatula, cohesion and angle of slide(l-4) are characteristics (among the flowability parameters) worth knowing.Moisture content of the powdered material is fundamental, because if this is too low heavy losses will occur when the product&apos;s particle size is very small, if it is too high, separations between solid and liquid phases may occur. In the latter case, the centre of gravity of the system may change suddenly and cause accidents, mainly if transport is by sea or by river."

Jan 1, 1989

By Robert D. Irvine

"Enhanced concern for protection of the environment and attendant actions by environ-mental regulatory authorities in support of this concern are influencing, to varying degrees, the demand and supply of a range of industrial minerals in a number of jurisdictions. These influences take a variety of forms.In this paper, the author seeks to delineate certain broad trends which are occurring relative to industrial minerals and the environment and then, through a series of examples, to outline opportunities, developments, and impacts respecting a number of industrial minerals produced and consumed in Canada and the United States."

Jan 1, 1996

By I. B. Schalamuk, R. E. de Barrio, M. J. Pons, M. B. Franchini, L. Meinert

"Several Fe, Fe-Cu, and Cu-Ag prospects hosted by Mesozoic carbonate-rich sedimentary rocks that were intruded by diorite stocks define an approximately 20 × 200 km belt along the Andes Cordillera of southwest Mendoza province, Argentina (34°-36°S). This belt includes the Hierro Indio and Vegas Peladas Fe skarns, Las Choicas, and several other Cu-(Ag) prospects.The main features of the Fe skarns include: association with mantle-derived middle Miocene (~15-11 Ma) diorite stocks and sills; widespread alteration including epidote ± amphibole ± magnetite endoskarns, and zoned garnet (Grs0-66 Adr32.5-100) ± magnetite ± pyroxene (Di24-50 Jo2-9 Hd74-41) exoskarns formed from oxidized, saline, high-temperature brines (530º-660ºC; 60-70 wt.% NaCl equiv.); and magnetite-hematite orebodies associated with quartz ± epidote ± calcite ± actinolite formed at lower temperatures (290º-436ºC) from saline fluids (32-50 wt.% NaCl equiv.) of magmatic origin.West of the Fe skarn belt, the Valle Hermoso district covers more than 300 km2 and hosts several poorly known Cu-(Ag) prospects (estimated 30 Mt with 1.5% Cu and 20 g/t Ag). These prospects share many characteristics with the iron oxide copper-gold-type systems and manto-type Cu deposits of northern and central Chile. One of the prospects (Las Choicas) is located at the apex of a regional 015°-trending anticline, along the contact of stratified calcareous sandstone and limestone (Neocallovian-Oxfordian) with a diorite pluton. This pluton has positive Ta and Nb anomalies (on normalized diagrams) and a high Ti content, features uncommon in Miocene diorites associated with Fe skarns and of magmas derived from sub-arc mantle sources. Alteration at Las Choicas includes early widespread chlorite + calcite ± albite ± scapolite ± ilmenite or titanite ± apatite, and local actinolite ± hematite ± biotite alteration of diorite and sedimentary rocks along contacts. Later Cu mineralization (1%-10% Cu) is associated with calcite ± albite ± quartz alteration in fractures, vein networks, and crackle breccias. Mineralization is zoned from bornite ± chalcopyrite ± millerite with Zn, As, Mo, Ag, and U anomalies in the main orebody, through chalcopyrite-rich breccias with Zn anomalies, and chalcopyrite ± tetrahedrite vein networks with Sb, As, Ag, and Zn anomalies in the uppermost zone, to a Cu-depleted pyrite-rich envelope with Co anomalies, and finally to late, barren calcite veins in distal zones."

Jan 1, 2007

By B. Coupal, F. D'Hennezel

Sorption measurements show that peat moss has much stronger affinity for oil than straw, which is currently used. Microscopic studies of peat moss show a highly porous and fibrous material, and this property, associated with the phenomenon of selective absorption, had been used to absorb oil. Laboratory experiments show that peat moss absorbs up to eight times its weight of oil. Field tests have proved that peat moss can be an effective absorbent and can be used on a large scale.

Jan 1, 1972

By D. S. Harries, R. I. L. Guthrie

"The use and development of scientific disciplines involved in heat transfer technology, related in general to steel masses and in particular to batch annealing, is demonstrated.The measurable benefits of cooperation are tabled; on industry&apos;s side, this includes a 10 to 20 per cent decrease in annealing time, and a corresponding higher productivity potential. The returned benefits to the academic engineer include the development and refinement of new computer algorithms related to heat transfer mechanisms.IntroductionThe object of this discussion is not really to describe an improvement in the batch annealing operation, but to use the project as an example of joint work between industry and the academic field. Both parties have derived a number of substantial benefits. These benefits will be listed, of course, but the batch anneal project will be used just as a typical example of cooperation. Why it happened will be explained, what actually happened will be described and finally some thoughts about areas in the field of heat transfer, where cooperation will continue in the future, will be highlighted. The paper will close with a message.Industry OverviewAt the outset, perhaps it should be understood that, in general, the Research Department at Dofasco believes that the universities and their staff are not destined for the problem-solving role in industry. Its opinion is that the university staff is best suited to the gathering and dissemination of knowledge. There are other more professional problem solvers for industry, including the steel industries&apos; own individual investigation groups. Dofasco, therefore, looks to its academics for consultation. It benefits by bouncing ideas off them, and through rubbing shoulders with them in such a way that their knowledge can be tapped, and thus establish more effective scientific routes. In addition, the younger and brighter engineer s can broaden their scope through the intellectual contact with experts. The university professors can, it is believed, benefit through closer contacts with result-orientated research. They can also develop an appreciation of the fiscal control necessary for industrial investigations, without government subsidies, grants, etc., and with massive overheads."

Jan 1, 1982

By Michael Sudbury

Introduction The essence of a good presentation is said to be: Outline what you are going to say Say it Summarize what you said This is perhaps especially good advice at 8.30 a.m. So here goes: This is an attempt to put numbers on three inextricably linked subjects: People and the Future Irrigation and Agriculture Mine Water and Mine Waste

May 1, 2013

By L. E. Reed, I. G. L. Sinclair

An exploration program seeking kimberlite pipes, the common primary hosts for diamonds, Was&apos; conducted during the years 1979 through 1982 in the James Bay Lowlands of Ontario by Selco Mining Corporation (now the Mining Division of BP Resources Canada) and Esso Minerals Canada. The area to be explored was selected on the basis of its regional geological setting, and because of the known presence of kimberlite indicator minerals in the region. The primary exploration technique was low level airborne magnetic surveying, followed by detailed ground geophysics. This work located many pipe-like bodies, with diameters of a few hundred metres, as well as several dykes. Targets located by these geophysical methods were drilled, intersecting a total of45 intrusions, consisting of34 alkaline diatremes containing tuffisitic breccias, 7 carbonatites, and 4 massive alnoites. K-Ar determinations indicated ages of 152 Ma and 180 Ma for two of the massive alnoites. The texture and general mineralogy of the tuffisitic breccias are similar to those of diatreme facies kimberlites, but detailed examination of their mineralogy and chemistry demonstrated that they lie within the alnoitic rather than the kimberlitic compositional field. Although the exploration program did not lead to the discovery of true kimberlites, it did demonstrate the presence of a large, previously unknown province of alkaline volcanic activity, which has no surface expression.

Jan 1, 1991

By Egon Berger

"In recent years the trend in underground metal mining has been toward ever increasing blasts (often in excess of 100 000 tonnes per blast). The Canadian mining industry has been in the forefront of these developments (VRM, LBHand cable bolting to stabilize the surrounding rock /avoid dilution).In order to move these large tonnages, efficient loading systems have to be developed. This paper shows the technical and economic implications of various loading scenarios based on a predefined (however typical) stoping layout by:1 . discontinuous loading using scoop trams;2. discontinuous loading using scoop trams in combination with low profile dump trucks;3. continuous loading (based on loading performance/operating costs of the AL-60) in combination with low profile dumptrucks.The cost advantages of production concentration (loading large tonnages from one drawpoint}, made possible by continuous loading as opposed to sea tiered mining (small tonnages), using discontinuous loading in tunnelling will be presented, based on actual results obtained in a decline development project using the A L-60 continuous loader. At as pacing oj150m between turning bays, it was found that continuous loading was out performing discontinuous loading in approximately80% of the overall decline development.Fuel consumption and total cycle times are compared, and a cost assessment is presented.INTRODUCTIONThe subject of this paper deals with the introduction of continuous loading in underground metal mining and single heading tunnelingContinous mining has been widely introduced both in underground and surface coal mining. Mechanized longwall mining, utilizing moveable shield supports in combination with double drum- shearers, has resulted in a tremendous increase of coal production per working face.This has led to very concentrated mining operations. In a typical German coal mine two mechanized longwalls nowadays would produce the same amount of coal as 12 to 15 longwalls in the 1950s. One longwall in a South African coal mine has recently set a world record with 120 000 tonnes of coal in a single month.In underground metal mines-often due to the irregular nature of the ore body and the mining methods used-mining is far less concent rated. Ore is often produced from a large number of stopes and production sections. Sometimes, a substantial amount of ore may be obtained from development in the orebody (40070 at a German base metal mine)."

Jan 1, 1989

By J. Holder

"A key barrier to vertical mineshaft construction is the construction access required for workers. A suspended work stage is used to provide this access for the mechanical, electrical and structural applications and other tasks. Work stage design is complicated considering the numerous types of construction activities that are executed simultaneously, the confined environment in which the work stage operates, the significant corrosion attack that is present, the weight limitations imposed by the mechanical hoist systems, and the risks associated with worker safety. Also complicating the design, these structures and their construction environment can vary with time. Hence, they can be described as 4D structures. The author has discovered significant synergies and advantages with integrating engineering design with detailed three-dimensional (3D) fabrication design. The significant reduction of minor design errors needing field correction will be underscored. The tender process is also accelerated since the design output is fabrication shop drawings including a detailed quantity takeoff output which lists each component required and its specific quantity. The paper presented will document the numerous advantages to the project using this approach. INTRODUCTION A key barrier to vertical mineshaft construction lies in the access for the workers to execute the construction. Suspended work stages are used to provide this access for the mechanical, electrical and structural applications as well as other tasks. The design of such work stages is complicated considering the numerous types of construction functions that need to be executed simultaneously, the confined environment in which it operates , the significant corrosion attack that is present, the weight limitation imposed by the mechanical systems for suspension, and the risks associated with worker safety. Also complicating the design, these structures and their construction environments can vary with time. They can be described as 4D structures with the fourth dimension being time. This design is a time consuming process. The post tender award is meticulous and requires strong teamwork between the steel fabricator and the consulting engineer. This teamwork may or may not be present and is dependant on the experience and relationship the team members have working together as well as other factors."

Jan 1, 2019

By James L. Parks, David M. Kjos

"Designs, installation procedures and performance characteristics of martensitic cast steel concaves are reviewed. Longer wear life, fewer pieces to install and eliminating the need to scarf joints are the principal benefits of using martensitic steel to replace austenitic12% Mn (Hadfield&apos;s) steel, the traditional concave material for large gyratory crushers. Installation procedures that reduce the risk of breakage are described. Operating practices that affect concave performance are also discussed.IntroductionThe crushing machine considered to be the forerunner of the modem gyratory crusher was patented in 1878 by Charles M. Brown of the Gates Iron Works(1). The earliest gyratory crushers with receiving openings of 6 to 12 inches were fed by hand, and the crushing capacity of a mine was increased simply by installing more small crushers. The introduction of the steam shovel to open pit mining around the tum of the century provided an incentive for much larger primary crushers, and gyratory crushers with a 48 in. receiving opening were being built by 1910, followed not long afterward by machines with 54 in. and 60 in. openings to . Fortunately for the crusher maintenance people of that era, an austenitic 12% Mn steel with exceptional toughness was already available, having been discovered by Robert Abbot Hadfieldoi in 1882. Although small gyratory crushers working soft- to medium-hard rock reportedly used chilled cast iron (white iron) wear parts, these newer and much larger machines were fitted with ""Hadfield&apos;s manganese steel"" concaves and mantles to withstand the impact associated with handling large rocks .M E International first challenged the long-standing convention of using 12% Mn steel concaves in large gyratory crushers in the late 1960s when they supplied upper row concaves in martensitic cast steel for a 60-109 primary crusher at a taconite plant on the Iron Range. Since then, martensitic steels have been successfully substituted for 12010 Mn steel in concaves for more than seventy primary gyratory crushers processing iron, copper and precious metals ores, industrial minerals and crushed stone.This paper reviews materials, designs and performance characteristics of martensitic steel concaves in large gyratory crushers. The principal benefits include significantly longer wear life, fewer pieces to install and the elimination of scarfing. Obtaining the full measure of these benefits and minimizing the risk of breakage is strongly dependent on installation procedures, which are described in some detail. Operating practices that can affect performance are also discussed."

Jan 1, 1993

By Hervé Toubon, Matthieu Davrinche, Jim Corman, Mamane Bello Boubacar Kinassa, Pierre Amadieu

Orano Mining maintains a significant level of Innovation and Development Research for its sites in Canada, Niger, Kazakhstan, Mongolia, and France. This effort is formalized within the six major thematic programs below, which include more than one hundred affiliated R&D projects:  Geological understanding, tools and methods for exploration  ISR technology (geology, modeling, mining development tools)  Mining technology (SABRE)  Ore treatment and processing (in particular via our Centre for Innovation for extractive metallurgy, CIME)  Environment (radiochemistry, modeling, tools and methods for remediation)  Digital Mine (sensors, transmission, database, and data modeling) This paper describes the main actions of these six programs, their stakes, and their progress. There is no single path leading to innovation but fostering an innovative context and a structured project approach are essential ingredients to successful development and industrial deployment. As a result, Orano Mining has, over the years, developed a disciplined methodology for R&D portfolio and project management. This methodology, presented here, targets a reduction in time to implementation while valuing both the expertise and the work in project mode.

Jan 1, 2020

By Neil Schofield

"The Pine Creek gold mineralization is associated with saddle reefs and quartz and quartz sulphide veining within the Enterprise Anticline. The anticlinal structure is complex and the mineralization was considered prior to development to be dominantly strata controlled. Gold grades vary up to 160 gin 1.5 m core samples with coefficients of variation in excess of three.The estimation of ore reserves for such a deposit must account for both the geological complexity and the extreme variability of gold grade.This paper describes the structural and variogram analysis of the gold grades and demonstrates the importance of incorporating the geological model in such an analysis. Variogram interpretation is greatly improved and greater insights into the finer geological structure areprovided. Part 2ofthis work presents the application of multigaussian kriging to reserve estimation for deposits with highly variable grade and which consequently demand highly selective mining operations. IntroductionThe Enterprise Gold Mine is situated some 220 km southeast of Darwin in Australia&apos;s tropical north. Gold is believed to have been discovered there in 1869 during the construction of the overland telegraph line.From 1894to 1915, some 75 000 ounces of gold were produced from 121 000 tonnes mined mainly by Chinese leaseholders. From 1906 to 1915, government-sponsored drilling led to the sinking of the Enterprise Shaft to 79 m and several drives were developed. Mining ceased because of war.Since late 1980, Goldfields Exploration Pty. Ltd. had explored on several mining tenements near Pine Creek under joint venture with the title holders, Enterprise Mines NL. This work culminated in the development of the current mine which opened on October 29, 1985.Feasibility studies to determine the economic viability of mining were based on ore reserves generated by project geologists using a sectional polygonal approach tuned to the interpreted geological control of the mineralization.The study motivating this two-part paper covers are-estimation of the recoverable reserve s using the geostatistical approach of multigaussian kriging developed at Stanford University, (Verly, 1984)."

Jan 1, 1988

By John A. Dresser

At a meeting of the Montreal Branch of this Institute in the autumn of 1928, the Honorable J. E. Perrault, Minister of Mines for Quebec, announced his intention to enlarge the Bureau of Mines of Quebec by the addition of a Division of Geology. The announcement further stated that the geological work proposed should be begun in the following field season, and that it should be on a substantial scale of not less than six field parties. The announcement was received with enthusiasm and much encouragement was held out for the success of the effort. It has been thought that the present meeting would be a suitable occasion to present a report of progress of this Division for the three years that have since elapsed. History This, of course, is not the first geological work to be undertaken by the Bureau of Mines. Prior to the establishment of the Division of Geology, the Bureau of Mines had not been unmindful of the need of geological research, but it had always lacked the means necessary to any sustained work. For more than 25 years the late J. Obalski was the Superintendent and the sole occupant of the Bureau. Yet, even then, Obalski, besides routine visits to mining districts, made a few exploratory trips along the north shore of the St. Lawrence river and one to Chibougamau, but without the equipment necessary to effective results.

Jan 1, 1932

By Leon C. Botham

?? Review of Requirements ?? Components of Modeling ?? Water Management ?? Tailings Management ?? Primarily a water management problem ?? Solids relatively easily contained ?? Process flows and runoff a continuous stream over life of mine ?? Need to allow this to safely happen over wide range of conditions

May 1, 2008

"In the first half of 1990, Cambior earned $1104 million, or $0.37 per share, on revenues of$66.4 million. The company&apos;s strong cash position, attained late in 1989 and in the beginning of1990 through the exercise of warrants, put working capital at $83.8 million as of June 30, 1990. Long-term debt was reduced by over $10 million during the weak gold market, leaving the company with a debt to equity ratio of only 0.03. Production for the six first months of 1990 was 107 720 oz. Au, an increaseof24% over the corresponding period in 1989.Financial Profile/Results and Corporate Financial StrategiesTotal revenue for the 1989 fiscal year was $116,883,000 compared to $109,848,000 for 1988. The 1989 results achieved despite a lower average gold price, resulted from a higher level of commercial gold production and a 115% increase in investment income over 1988. Investment income rose to $3,568,000 in 1989 due to higher levels of cash assets.Cambior&apos;s mine operating costs increased 19% to $68,561,000 in 1989 from $57,472,000 in 1988. This increase resulted from rising operating costs at the Doyon Mine ($250/oz to $274/oz) due to the shift from open pit to underground operations, as well as from the start -up of three new mines with relatively higher costs. These costs have reached a stable level that should be maintained for the next few years.In 1989, net exploration expenses were $6,838,000, down 31070 from 1988, partially due to the Canadian tax reforms introduced since 1987. Depreciation and depletion grew by $1,432,000 in 1989, reflecting a higher volume of commercial production from the Pierre Beauchemin, Lucien C. Beliveau and Chimo mines.Net earnings for 1989 amounted to $17,661,000 or $0.73 per share compared to $17,438,000 or $0.74 per share in 1988.Cambior has an exceptionally liquid and strong balance sheet. As at December 31, 1989, net working capital stood at $85.6 million, with a total assets base of $338.6 million. With a long-term debt (including gold loans) of $21.5 million and shareholders&apos; equity of $277.2 million, Cambior has a debt to equity ratio of 8%. All but about $100,000 of long-term debt is in the form of gold loans.The total market value for Cambior&apos;s stock as at September 10, 1990, stands at $420million, based on recent stock market prices. Cambior&apos;s stock and warrants are traded on the Montreal and Toronto Stock Exchange."

Jan 1, 1990

By Robert B. Parsons

"This article addresses the relationship between mine evaluation, the tax system, and economic risk. It is based on a paper presented by the author at recent seminars in Moscow and Tashkent on the subject of mine evaluation.IntroductionTaxation can have a strong influence on the feasibility of a mining project. For the most part, because metal prices are determined on a global basis, the mining concern is not able to pass on to its customers any portion of taxes which the concern has to pay. Taxes are a direct charge against the project. The purpose of the article is to highlight the various ways whereby different taxes can affect the financial viability of a mining operation.The first part of the paper identifies different forms of taxation, and the second part of the paper addresses the different forms of taxation in terms of risk analysis and impacts on the mining project. Finally, the third part of the paper makes brief mention of using the taxation system to provide incentives with respect to investment in mining activities."

Jan 1, 1993