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By J. C. Roy, S. Couture, C. Barbeau

The chemical composition of the asbestos tailings from different mines in the Eastern Townships of Quebec are fairly uniform in composition. The serpentine minerals antigorite and chrysotile form about 85 to 90 per cent of the total. Iron oxides add another 7 to 10 per cent; magnetite represents about 70 per cent of the oxides. Chromite is present in amounts of about 0.5 per cent. The average contents of elemental magnesium, iron and nickel are 23, 6 and 0.25 per cent respectively.

Jan 1, 1972

By J. Shibata, K. Manabe, A. Fuji, N. Matsunaga, D. Murakami, Yamaguchi University, T. Suzuki

"Spent hydrodesulphurization (HDS) catalyst contains rare metals such as cobalt, nickel (Ni), molybdenum (Mo), and vanadium (V). The overall objective of this project is to develop a hydrometallurgical process that provides a degree of high recovery and selectivity of these rare metals from spent HDS catalyst. As a part of this project, this study focused on (i) development of a solvent extraction-precipitation stripping process for separation of Mo and V from solutions and (ii) optimization of grinding conditions of alkaline leaching residue for selective Ni sulfuric acid leaching against aluminum (Al). Experimental results showed that effective separation between Mo and V can be achieved by the two-stage process; solvent extraction of Mo and V with TOA (tri-n-octylamine) and precipitation stripping of V with ammonium salt at pH above 8.0. Regarding grinding conditions of alkaline leaching residue for selective Ni leaching against Al, it was found that Ni leaching efficiencies increased by providing higher grinding intensity, while the Al leaching efficiency increased and then decreased with increasing grinding intensity.INTRODUCTIONHydrodesulphurisation (HDS) catalysts account for about one third of the total worldwide catalyst consumption and are extensively used for sulphur removal in petroleum refineries (Zeng & Cheng, 2009). Fresh HDS catalysts generally contain molybdenum (Mo) and nickel (Ni) on an alumina carrier, but various elements included in the crude oil such as sulphur, carbon, silica, arsenic, cobalt, and vanadium (V) deactivates HDS catalysts during HDS reactions. As a result, spent HDS catalysts contain high concentration of rare metals. For example, regarding to Mo and V, it has been reported in the literature that the concentrations of Mo and V in the general spend HDS catalysts are generally 10-30% and 1-12%, respectively (Zeng & Cheng, 2009), which makes it economically viable to recover these rare metals (Biswas et al., 1986).Among a number of processes proposed for the recycling of rare metals from spent HDS catalysts, alkaline leaching is often used for selective Mo and V leaching (Zeng & Cheng, 2009). However, the process which provides a high degree of separation between Mo and V from a leaching solution had not been developed. Therefore, the first objective of this study was set to develop a solvent extraction-precipitation stripping process for the separation of Mo and V from solutions. More specifically, using artificial aqueous solutions of Mo and V, a series of experiments was performed to optimize the extraction pH, stripping agent, and the stripping pH."

Jan 1, 2016

By Wei Yingchun

Based on the deep burial depth of coal deposits in Huainan-Huaibei coalfields, Anhui Province, China, this paper puts forward the concept of partitioning of coal deposits according to occurrence conditions. This process is controlled by tectonic forces. The classification scheme of coal deposits exploration types is presented according to occurrence and mining conditions of coal deposits as viewed from the perspective of deep coal exploration properties. The principles underlying geological exploration services for the resources development are incorporated. There are six exploration types of coal deposits in the Huainan and Huaibei coalfields. Exploration models tailored to different types of exploration have been established and exploration strategies corresponding to different exploration models have been proposed. Steady-state temperature must be measured for the deep heat-harm type of coal deposit. The sealing coring of mine gas samples should be performed for the high mine gas type of coal deposit. For coal deposits with complex structures, such as those located beneath nappes, coal-controlling structural styles must be performed. Existing data on shallow districts are very important to the research of folds and fault-block types of coal deposits beneath and peripheral to old and existing coal mine areas. For the types of fault-block coal deposits hidden by thick Cenozoic cover, particular attention must be paid to comprehensive use of research on regional coal occurrence law and geophysical methods. The present work promotes the exploration level of coal deposits in Huainan-Huaibei coalfields to best meet the need for sustainable development of the coal industry.

Aug 1, 2013

By J. Severin

Surface mining operations are increasingly involving the design and development of deeper and larger open pits, often with plans to transition into underground mass mining operations. Experiences at the Palabora Mine in South Africa demonstrate the complex interactions between underground workings and the steep slopes above that may lead to slope movements that potentially pose safety and economic concerns. To properly assess the rock mass response to these interactions for planning of future developments, understanding the controlling influence of geological and geomechanical structures is crucial. Preliminary results are presented from a detailed review of historical slope monitoring data from the Palabora Mine, before and after the initiation of block caving 400-m beneath a 800-m deep pit. This paper demonstrates that a detailed analysis of geology and monitoring data can be used to better understand the kinematic controls of complex rock slope displacements and interactions between open pits and underground mines. This investigative treatment of the monitoring data is important in understanding the failure mechanisms prior to undertaking sophisticated 3-D numerical models.

May 1, 2009

By K. Sinding, R. Poulin

"Recent land-use decisions in British Colwnbia, and the publication of a report on compensation for expropriations of resource interests, have highlighted the nature of land use policies. Landuse decisions, such as the creation of large new parks, raise three principal issues which have implications for how land-use policy is conducted and how it impacts on the mining industry. The first is the identity of the parties advocating different land-use policies and their motives for doing so, the second is the changing nature of benefits derived from land, and the third is the change of property-rights regime which is devised to accommodate the (changing) benefits from using land and natural resources, as well as the interests of the different parties involved.Involved Parties and BenefitsThe process of establishing or modifying property rights depends on the interest groups involved. Three distinct categories, each with distinct incentives which can influence the process, must be distinguished: private claimants, politicians and bureaucrats (Libecap, 1989).The first groups claim rents and management powers through asset ownership. They may be incumbent owners seeking enforcement of the status quo, new claimants seeking redistribution of assets, or third parties who depend on the distribution of assets (e.g. lenders, labour suppliers and contractors). Some infonnal property arrangements can be negotiated within the group whereas others requires action in the political arena through lobbying politicians for (re)allocation of property rights and influencing bureaucrats for favourable administrative decisions. The second category is politicians, who direct the powers of the state to change or enforce property rights. Both incwnbents and office-seekers fall in this category and their actions and opinions are shaped by their constituencies and financial backers. However, not all causes can be championed and trade-offs have to be made, resulting in decisions that maximize political benefits. The third category of parties in the process is the bureaucrats. The power to manage has been delegated by politicians but bureaucrats also have opportunities and incentives to further their own interests. These can include maintaining or expanding jurisdictional turf or increasing operating budgets (Libecap, 1989)"

Jan 1, 1994

By D. R. Murray

"A promising long-term solution to uranium tailings reclamation has been the establishment of vegetation directly on the waste material. The soil profiles of areas vegetated for 0, 3, 8 and 10years are characterized as to the extent of soil development . The characteristics are compared with the visually interpreted soil profile. Organic matter content is presently the best analytical judge of soil development. Vegetation procedures have produced a build-up of organic matter in the top 10cm of tailings where natural microbial populations flourish. The CN ratio is high and the profile depth shallow, suggesting the need for additional fertilizer applications.IntroductionThe reduction of surface erosion and improved aesthetics of uranium tailings has been accomplished by the establishment of a vegetative cover. In 1971 research concentrated on developing methods of plant establishment at minimal cost and soil amendments on uranium tailings in Elliot Lake , Ontario. One process of stabilization used on a large scale was direct seeding of grasses and legumes into the tailings which had received only limestone and fertilizer treatments. Fertilizer additions were made for varying lengths of time in subsequent years to maintain the established cover.Maintenance-free vegetation would be possible once a soil profile developed with sufficient nutrient recycle and plant regeneration capabilities(1). Tailings vegetated in 1971, 1973 and 1978 that had received either 3 or 5 years of maintenance fertilizers were examined for soil development profiles. The extent of soil development and the relative effect of time and fertilizer would provide direction on reaching the goal of a self-sustaining cover.This paper is an abridgment of Division Report MRP /MRL 81-126 of the same title(2)."

Jan 1, 1984

By Chen Feng

Compared to widespread successful deployment of robotic manipulators for repetitive and hazardous tasks in related industries such as manufacturing, the construction industry has achieved relatively limited benefits from robotics and soft automation. Unlike manufacturing, where robotic solutions benefit from the structured layout of the environment (e.g., factory assembly line), construction robots face unique challenges that arise from the rugged, dynamic, and unstructured environment of the work site, as well as the uncertainty and evolving sequence of occurring on-site events. This challenges any intended construction robots to not only replicate basic human motion, but also be capable of sensing and adapting to environmental changes, and making decisions based on the evolving state of the environment. Building upon recent advancements in robotic mapping, computer vision, and object recognition, the authors propose to introduce autonomous behavior at the basic task level for on-site construction robots to address these challenges in a flexible and extensible manner. This paper reports the outcome of the first phase of this research - a structured methodology for improved design and development of basic task automations - and focuses on algorithms developed for mobile robot navigation and relative pose estimation. The algorithms are implemented on a prototype mobile robotic platform, and evaluated in several experimental scenarios.

Aug 1, 2013

By Mark W. Masson, David B. Stevenson, David W. Broughton, Douglas R. Cruji, Steven E. Parry

"The Amalgamated Kirkland gold deposit is located at Kirkland Lake, Ontario, within the Archean Abitibi Greenstone belt of the Canadian Shield. It lies on a fault or “break”, termed the Cyprus Break, which is a splay off a regional structure termed the Cyprus-Battle Mountain Break. The Cyprus Break merges with the Cyprus – Battle Mountain Break above the -250 m level, as it was not encountered in shallow drilling or surface exploration. These structures lie 1.5 km south of the 727 000 kg (23 million ounce) Kirkland Lake Main Break and 0.5 km north of the 872 000 kg(30 million ounce) Larder Lake Break.The deposit is hosted by alkalic Timiskaming Group volcanic and sedimentary rocks which are overthrust by older Larder Lake Group tholeiitic and komatiitic fows along the Larder Lake Break. Timiskaming syenitic intrusives, similar to the host rocks for the Kirkland Lake Main Break gold deposit, intrude both suites.The Amalgamated Kirkland deposit consists of lode-style gold mineralization which is mainly hosted by altered and pyritized Timiskaming trachytic volcanics which wedge out or thin at depth, between two sedimentary units. The intersection of the Cyprus – Battle Mountain and Cyprus Breaks, in conjunction with the westward plunge of the volcanic wedge, appears to control the westerly plunge of the Amalgamated Kirkland deposit at approximately 50º.Mineralization is characterized by blue-gray brecciated and “wormy” quartz-ankerite veinswhich contain up to 10% fne-grained pyrite and, in decreasing order of abundance, minor galena,chalcopyrite, sphalerite, molybdenite and visible gold. The sulfdes and gold commonly occur alongfractures and wallrock inclusions within the veins. Native gold occurs as fne pinpoints distributed in 1-mm to 5-mm size clusters of up to ten or more grains.The auriferous veins occur within a quartz-ankerite-sericite-pyrite alteration assemblage which is enveloped by a broader zone of ankerite-sericite±hematite±quartz-pyrite alteration up to 60 m wide. This latter assemblage overprints the regional greenschist-facies chlorite-calcite assemblage.The Amalgamated Kirkland property has had a long history of exploration activity beginning with the first discovery of mineralization in 1911 on the Hunton Shaft claim located in the northeast corner of the property. Since that time various prospecting, mapping, trenching, geophysical surveys and diamond drilling programs have concentrated on either carbonate zones along the Larder Lake Break or quartz veins along the northern side of the property in association with complex trachyte flows and syenite dikes.Battle Mountain Canada Inc. located the Cyprus – Battle Mountain Break through a prospecting, trenching and geophysical program in 1989. Drilling by Battle Mountain and Cyprus Canada under the surface showing, coupled with several revisions to the structural interpretation of the Cyprus –Battle Mountain and Cyprus Breaks, resulted in delineation of the Amalgamated Kirkland deposit. Location of an auriferous structure through basic surface exploration within 1 km of a world-class orebody demonstrates both the subtle nature of Archean gold deposits and the potential for finding new mineralization in heavily prospected camps."

Jan 1, 1995

By H. Clare Horwood

"In the Little Long Lac-Sturgeon River area of Thunder Bay district, Ontario, most of the known ore deposits occur in fractures, shear zones, and zones of brecciation, in folded sedimentary rocks . In two or three instances, however, deposits occur in Keewatin greenstones and in later granitic rocks of probable Algoman age.The principal regional features in the area are the long narrow bands of Keewatin volcanic rocks and Timiskaming sedimentary formations that extend east from lake Nipigon to Long Lac, a distance of about 65 miles. The belts continue to the east for many miles beyond Long Lac and probably for some distance to the west under the waters of lake Nipigon. They are intruded in places, particularly in the north, by large masses of diorite, granodiorite, and granite. Small intrusive masses of diorite and porphyry also occur in many localities throughout the area.The Little Long Lac-Sturgeon River mining area is the youngest camp in Ontario and has been in production only since 1934.The district is readily accessible from the branch line of the Canadian National railway between Longlac station on the main line and Port Arthur, and from the Trans-Canada highway No. 17. Both these means of communication traverse the area in a general east-west direction parallel with the principal structural trend of the rocks of the region.In the Little Long Lac section discoveries were made by W. W. Smith in 1931 (Hard Rock property) , by T. A. Johnson in 1932 ( Bankfield property) , by T. A. Johnson and T. Oklend in 1932 (Little Long Lac property) , by F. MacLeod and A. Cockshutt in 1933 (MacLeod-Cockshutt property) , and by George and Frank Papineau in 1935 (Hutchison Lake property).In the Sturgeon River section discoveries were made by Powers and Silam in 1925 (Northern Empire property), T. A. Johnson in 1931 (Dik-Dik property) , and by Russell and James Cryderman in 1935 and 1936 (Sand River and Leitch properties)."

Jan 1, 1954

By Marty Hudyma

Mining-induced seismicity and rockbursting is one of the primary risks in deep mines. Seismic data management software has been created to facilitate analysis of mining-induced seismicity. The Mine Seismicity Risk Analysis Program (MS-RAP) is a purpose built database with mine seismicity analysis tools. One of the primary features of MS-RAP is the creation of seismic hazard maps in quasi-real time. The seismic hazard maps identify areas that are more prone to large seismic events and rockbursts, allowing risk management measures to be focused on the areas of greatest risk. These maps allow mining engineers to be more proactive about identifying and managing seismic related geomechanics risks in mines.

Oct 1, 2009

By Yufeng Yao, Robert P. Lowell

Abstract - Conductive heat flow anomalies associated with hydrothermal sulfide mounds on the seafloor have been studied. Sulfide mounds tend to focus conductive heat flow because sulfide minerals have a greater thermal conductivity than country rock. The topography of the mound above the seafloor, however, leads to a reduction of heat flow, particularly near the center of the mound. Because the focusing effect is constant, whereas the topographic effect decreases with distance away from the center, the focusing effect dominates toward the edges of the mound. The magnitude of these effects depends upon the conductivity contrast and the height/radius aspect ratio of the mound. Conductive heat flow anomalies at sulfide mounds also result from fluid circulation within the edifice. For the active and relict mounds at the TAG hydrothermal field, which have an aspect ratio of approximately 0.3 and a conductivity contrast of 3, the heat flux through the center of the mound should be roughly 70% of the background heat flux. The maximum effect of heat flow focusing is to increase the heat flux by about 30% above background. By comparing these effects with conductive heat flow data at TAG, we find that advective processes dominate conductive heat flow at both the active and relict mounds. Advective circulation can also give rise to much larger lateral and vertical temperature gradients than would result from conduction alone.

Jan 1, 1999

Flotation of a mineral bearing particle is the result of successful completion of a chain of events, such as, producing particles with sufficient exposure of the valuable mineral on the surface, reagent adsorption, suspension of the particle in the pulp, collision of particle with air bubbles and subsequent attachment, ascending to the froth column and transport to the concentrate stream, among others. These sub-processes in turn are affected by the feed properties such as size and density, and process variables such as size of air bubbles, degree of turbulence in the cell, particle/particle interactions etc.. Thus, inefficiencies occurring in any one or more of the above processes will result in inefficient flotation performance. In spite of its dependency on a wide variety of sub-processes, flotation performance is commonly modelled based on first order kinetics using two or three parameter models. As the model parameters may be affected by several of the sub-processes mentioned above, interpretation of their variations and identifying the specific causes is extremely difficult. Of the many factors that influence the flotation performance, liberation information of the particles such as the grade distribution and surface exposure are considered vitally important. In this paper, it has been demonstrated a) how a predictive liberation model may be derived and used in quantifying the liberation information of the particles produced at various grind sizes and b) how the flotation process may be modelled by explicitly incorporating the liberation information, thereby improving the accuracy of the model. Comparisons of the observed data with the proposed model and those of published liberation/flotation models have also been made.

Jan 1, 2016

By Paul E. Mather, Matthew J. M. Krane

Anode or fire refining is the final pyrometallurgical step in the production of copper anode. Part of this process purifies liquid copper by reducing its dissolved oxygen with a natural gas-steam mixture. Until now there have been no transient models of this process coupling the injected gas jet mass transport with its chemical reactions. A transient, 1D flow, chemical reaction model was made to estimate the time-dependent behavior of anode copper composition, soot formation, and the transient gas jet composition along its height. Model estimates were made for reduction rate, soot emission rate, and exergy loss and destruction distributions for two melt temperatures and a range of steam addition rates. It was found that increases to melt temperature and steam addition rate increased reduction rate and decreased soot emission, while having little effect on exergetic performance. Estimates for reduction histories were compared to industrial data. INTRODUCTION Anode/fire refining is the final pyrometallurgical step in the production of copper anodes; it is essential for removing dissolved gases which cause porosity in cast anodes. Despite its significance, the open literature appears devoid of any transient models of the entire process; furthermore, there are very little published process data with which to validate any models made. This dual dearth of modelling work and process data inhibits studies of the tradeoffs between process and performance changes, desirable for decreasing reduction time and soot formation as well as quantifying changes in the exergy losses and destructions of the process. This work introduces a reduced-order, transient model of reduction during fire refining, examines performance trends with operating conditions, and compares model estimates with industrial data. Overview of anode refining The purpose of anode refining is to produce liquid copper which can be cast with minimal gas porosity, which disrupts the downstream electrorefining process. Dissolved sulfur is removed first, then oxygen, by reactions with different injected gases. The removal of oxygen (the reduction step) is the subject of this proceeding and is effected by the bubbling of natural gas, typically mixed with steam, through the melt from tuyeres. A typical refining run reduces dissolved oxygen from 3000 ppm to 300 ppm in 2–3 hours (Schlesinger, King, Sole, & Davenport, 2011). The refined copper is then cast as anodes. Figure 1 shows a schematic of the furnace vessel.

Jan 1, 2019

By G. J. Kipouros, N. Dadvand

"In recent years coatings of alloys have been produced for a wide range of applications including many for wire bonding application. The main characteristic of the baths of electroless plating is the presence of sodium hypophosphite as a reducing agent and also as the supplier of phosphorus. In the electroplating of alloys the Watts bath is predominantly used. This presentation compares the two techniques, electroless plating and electroplating, and discusses the possibilities of cross utilization of sodium hypophosphite in an attempt to formulate baths that eliminate the waste disposal issue related to some components.INTRODUCTIONThe importance of surface characteristics and the linkage of surface coating process to surface characterization has given rise to the evolution of surface engineering. Not only the surface preparation and morphology has become very important to the coating technology but also the knowledge of surface area exposed to the process of coating or corrosion is absolutely essential in ascertaining the behaviour of coatings and their adherence to the substrate. The above concepts are not unknown to researchers involved in the protection of surfaces, particularly metallic, from corrosion and/or erosion corrosion. However, the complexity of the surface defects, roughness, porosity, interconnected porosity and other related factors have contributed to the uncertainty of the true surface area versus the nominal surface area. Therefore critical parameters such as current density and chemical surface intensity although have been studied extensively at the atomistic level by carefully prepared surfaces are very difficult to be determined at the practical scale required during the coating processes.The most pronounced case calling for an understanding the relationship between the surface area and the effective protection is the coating of surfaces of items produced by compression or consolidation of powdery materials. With the advent of nanomaterials and the additive manufacturing through 3D metal printing this issue is becoming more important. Certain experience in this field come from the accumulated knowledge resulted from the attempts to characterize the electrochemical behaviour of powder metallurgy metals and alloys. Powder metallurgy has been a well-established process for half a century on basic metals such as iron, copper and their alloys. Recently the development of powder metallurgy process for aluminum, titanium and attempts to develop powder metallurgy processes for magnesium and its alloys has brought to light another important issue that of the development of coatings on difficult to plate reactive metals such as aluminum and magnesium. Despite of many successes in the development of powder metallurgy alloys the exact characterization of the corrosion behaviour of the coatings and the substrates is difficult to determine because of the unknown morphology of the exposed area i.e. the exact morphology and area of the exposed surface (Samal, 2007)."

Jan 1, 2016

By Michael Bowker

Au/TiO2 catalysts were prepared by incipient wetness impregnation and tested for the room temperature photocatalytic reforming of methanol in aqueous solution. These catalysts proved to be more active, on a molar basis, than Pd/TiO2. The dependence on loading of gold was different from that of palladium, showing a double maximum in yield at 0.1 and 2 wt. % with low rate below 0.01% and above 10%. A model is proposed for the reaction involving band gap excitation of titania electrons which are used to oxidise the methanol via adsorbed CO. With palladium, photoreforming of CO and water can be achieved, but this is much less effective on gold, presumably due to the much weaker bonding of CO on Au.

Oct 1, 2003

By M. K. Kim

This study presents a framework for quality inspection of precast concrete components using the 3D laser scanning technique. As precast concrete-based rapid bridge construction is getting standardized, quality assessment of the precast concrete becomes critical for preventing any failures during the construction process. Moreover, as Building Information Modeling (BIM) gains popularity in the construction industry, autonomous and intelligent inspection systems are needed. Current method for quality control of precast concrete components, however, heavily relies on visual inspection and contacttype measurements, which are time and labor demanding. Also, storage and delivery systems of inspection information such as the procedures and results of quality inspection are lacking. To overcome these limitations of the current quality assessment technique for precast concrete, this study aims to develop a BIM-based framework for efficient quality inspection of precast concrete with the use of a 3D laser scanner. First, we formulate practical guidelines including detailed inspection procedure, selection of optimized scanner and scan location, inspection criteria, and data storage and delivery system. Second, to investigate the applicability of 3D laser scanning to precast concrete quality inspection based on the proposed framework, a case study inspecting quality of a lab-scale object assumed as precast concrete component is presented for detecting defects.

Aug 1, 2013

By Raynald Vézina, Richard Leclerc, Jean Boissonnault, Louis P. Gignac, Gérald Veillette

Since mid-1989, Cambior has increased its producing gold mines from four to six, having acquired the Chima Mine and brought the Silidor Mine onstream. In June 1990, the company announced that the Mouska project would also be put into production. Gold production reached almost 190 000 ounces in 1989 and is expected to exceed 220 000 ounces this year. Cambior has also a non-gold operation with an interest of 50% in the Niobec Mine and has recently signed an option agreement in the development of the Lac Knife graphite deposit in northeastern Quebec. During the past year, the company has extended its exploration activities to the United States and Indonesia, and now has interests in nearly 80 properties. Last May, Cambior signed an option agreement with Golden Star for a gold deposit in Guyana, the OMAI Project, containing at least 2 000 000 ounces of gold in situ.

Jan 1, 1990

The successful application of color sorting machines has established sensor-based sorting in the mineral industry in recent years and is considered today as a significant innovation in processing technology. However, we are only at the beginning of (market) introduction. New sensor systems have been developed, which exploit material properties such as electrical conductivity, magnetization, molecular structure, thermal conductivity etc. This opens up new exciting pre-concentration and upgrading possibilities for many applications such as nickel, gold, copper and other ores as well as for industrial minerals, diamonds and other gem stones.

Oct 1, 2009

By Andrew Bamber

Outline ?Background to Mine-Mill Research at UBC ?Mine Mill Integration ?In situ mining methods ?Underground Pre-concentration ?System Design and Supporting Technologies ?Case Studies: ?INCO -McCreedyEast Mine ?Placer Dome ?Porcupine JV ISL Study ?Musselwhite, South Deep ?Falconbridge ?Fraser Copper ?Thayer Lindsley ?Wayside Gold, other scoping studies? ?System Designs ?Summary ?Future work ?Conclusion

May 1, 2006

By John O. Marsden

Technology development and innovation has played a crucial role in the copper industry throughout history. The effective development and implementation of new technologies allows mankind to produce copper at progressively lower cost of production at a given feed grade and mineral type. This progress serves to counteract cost escalation over time and, depending on the magnitude of the cost benefit, allows ore cut off grades to be reduced thereby improving the availability, accessibility and utilization of mineral resources. The development of step change technologies that can offer >$0.15/lb total cost benefits provides a significant opportunity for producers to achieve competitive advantage, but it has been argued that rapid dissemination of technology makes such competitive advantage unsustainable over time. This paper presents the results of a recent study that evaluates a number of historical and emerging step change technology case studies in the copper industry and quantifies the associated cost benefits for users, the impact on the production cost curve, and the duration of such cost benefits for various categories of implementers: first mover, fast follower, conservative followers and laggards. The results provide a compelling case for major, mid-tier and emerging copper producers to invest in technology development initiatives if they wish to achieve and sustain competitive advantage over the long term. INTRODUCTION AND BACKGROUND A key issue for mining companies is how much time, effort and cost to spend on research and technology development (R&TD). The economic drivers for technology development and implementation are poorly understood in our industry and the business case is clouded by some notable and well-publicized failures (McNulty, 1998). Mining companies are in business to deliver financial returns to investors. This means delivering short term results on a quarter-by-quarter reporting basis as well as sustaining and growing the company to retain and reward a sustainable longer term investor base. The cyclical nature of the commodity metal markets makes it challenging to maintain investment in research and step change technology development: Mining companies must manage through the highs and the lows of price cycles, typically ranging from 5-15 years in length. The discounted cash flow approach to investment evaluation results in weak financial justification for R&TD expenditures. A clear and compelling rationale to support longer term investment in research and step change technology implementation is required.

Jan 1, 2019