Search Documents

By Ray Mason

Marathon PGM Corporation?s PGM-Cu Project in Northwestern Ontario (Figure 1.0) serves as a case study to describe the process involved in advancing a deposit from grass roots exploration to the completion of several feasibility studies and the parallel commencement of environmental permitting. Through the following examination of historical exploration activities, it is clear that these activities are directly related to economic stimulus, mostly measured by downturns in the mineral industry. Other factors that influence the success of exploration advancing to feasibility and new mine development includes the ownership of the mineral claims, which also changes under these economic influences and the crucial role of interactions between the Company, the Crown and First Nations. The Marathon PGM-Cu deposit is hosted within the Eastern Gabbro Series of the Proterozoic Coldwell Complex, which intrudes and bisects the much older Archean Schreiber-Hemlo Greenstone Belt. The sub-circular complex has a diameter of 25 km and a surface area of 580 km2 and is the largest alkaline intrusive complex in North America (Walker et al., 1993). Mineralization at the Marathon PGM-Cu deposit is part of a very large magmatic system that consists of at least three cross-cutting intrusive olivine gabbro units that comprise the Eastern Gabbro Series of the Coldwell Complex (Figure 3.2.4-3). In order of intrusion, the three gabbroic units consist of (1) Layered Gabbro Series, (2) Layered Magnetite Olivine Cumulate (LMOC) and (3) Two Duck Lake (TDL) Gabbro. The relative size and abundance of the gabbroic units decrease in the order Layered Gabbro Series>TDL Gabbro>>LMOC. Late quartz syenite and augite syenite dikes cut all of the gabbros but form a minor component of the intrusive assemblage.

May 1, 2010

By Michael Chender

Emerging Equity Sources ? Larger IPOs ? China Inc. ? Other sovereign wealth funds ? New funds and higher allocations ? Private equity

May 1, 2010

Overview ?G-9 Discovery Hole 420 drilled May 2005 ?14.16% Zn, 1.76% Cu ?Greenfield discovery built into the G-9 Mine in under 4 years. ?Utilized a unique ?Parallel Track? approach to fast-track mine development. ?Raised over $200million in financing without a Feasibility Study. ?Mine built for $149.7 million, only 20% over PEA. ?Commercial Production declared April 1, 2009. ?G-9 Mine has now completed the first year of commercial production on April 1, 2010. ?Initial cash costs per pound of zinc US$0.39/lb -US$0.45/lb range. ?Mill operating at over1,900 tpd in March 2010, well above design capacity (1,500tpd) only one year after starting commercial production. ?Balance Sheet -$167 million assets, $24 million long-term debt, $22 million cash. ?Restarted Exploration ?excellent initial results. ?Strategically positioning Farallon to grow to a mid-tier mining company.

May 1, 2010

By Phil Keele

Canadian Natural ??Business Approach Efficiency and Execution ?Drive to be the low cost producer ?Focus on exploitation ?Augment exploitation with strategic acquisitions ?Maintain Discipline and Strength while Delivering on the Defined Plan ?Maintain flexibility and control allocation of capital ?Strive for balance (asset portfolio) ?Maintain financial strength

May 1, 2010

Owing to improvements in computer capacity, it is now possible to undertake fully coupled or partially coupled, three-dimensional (3D) hydromechanical Finite Element (FE) simulation of mines, including explicit representations of large numbers of discontinuities. The analysis requires fewer assumptions than uncoupled analysis or two-dimensional (2D) analysis, but may require a change in how hydrological data is collected. The way hydrological data is incorporated in stability assessment and the approach to uncertainty in hydrological information also requires discussion. The current procedures for this type of analysis are discussed, along with some practical difficulties and teachings from early applications. A work flow for integration of 3D hydromechanical modelling with pit planning and some considerations for the management of uncertain data are also proposed.

May 1, 2010

By Dillon. Patricia

Business Growth ?Coal ?Targeting 30 million tonnes by 2013 compared to 19 million tonnes produced in 2009 ?Expanding Energy Business unit (Oil Sands) ?Copper -Strong growth potential for existing operations and development projects ?New gold strategy recently launched ?New markets for zinc Need to retain existing and attract new employees to support growth Engaged Employee ?Has a positive attitude towards the organization and its values ?Is a person who is fully involved in, and enthusiastic about, his or her work Engaged employees are more likely to stay with the organization.

May 1, 2010

Mining Subscribes to Murphy?s Law Personal observations on the past ?Perfect, benign deposit mines can be screwed up-spills and concentrate handling issues ?Long term contamination and water management assessments inadequate ?The ?permitting mentality? and its effects on the application of proponent and regulator resources ?Reliance on simple principles but nature and chemistry is more complex

May 1, 2010

In most mines using presplitting the final excavated wall shows a zone of damage just below the crest and well defined presplit half barrels. The crest damage (surface dilation) zone varies and is added to by subsequent adjacent perimeter blasting operations. Keeping the preconditioning to a minimum is possible using the methods described in this paper, developed on several diverse and geographically distant mining operations to control crest dilation and preconditioning by presplitting in advance - not just laterally but vertically in advance. The first documented case (Delbridge, Marton and McSweeney, 2004) in the development of the concept was undertaken at AngloGold Australia Pty Ltd's Sunrise Dam Gold Mine (SDGM), located beside Lake Carey, some 730 km northeast of Perth, Western Australia. The mine had been developed in a series of cutbacks to a depth of over 300 m and began underground mining during the latter stages of open cut operations. This mine is fairly unique in that it utilised a single pass vertical presplit which initially extended over three bench heights and after the failure mechanisms were understood, over four benches. The presplit drilling for the three stacked benches started on the floor of the second bench so that any dilation was confined to the surface one bench above the crest and modified perimeter blasting was then developed to curtail damage from blasting adjacent to the new crest. The second case is based on a South African coal mine in the Witbank Coal Measures, 140 km northeast of Johannesburg, Republic of South Africa (RSA). It was important that blasting for optimal wall stability and minimal scaling was developed in advance. A dragline is scheduled to excavate the #2 seam midburden which is the lowest of the economically viable coal seams in the five seam Witbank Coal Measures. Mining of the overburden, coal and partings above the dragline midburden pass are by excavator and truck and each mining layer is individually blasted. The results of presplitting the midburden through the overlying coal seams and partings have provided a presplit with no surface dilation of the midburden crest and ensures any subsequent crest loss is solely due to blasting adjacent to the vertical presplit. Typical of all coal mines in South Africa only vertical presplits are used. Wall control is most commonly delivered by presplit blasting and one common sight after the dust clears is a ridge of broken blocks along the presplit row, usually with a main crack running between the presplit blastholes and often parallel cracks either side of the perimeter line. The surface rock strata or block structures have been dilated by the venting gases and shock waves. Decoupled, fully coupled, single or double deck charges are used depending on a variety of factors, anecdotal practices and perceived benefits. Preconditioning of the crest rock by blasting from above may not be visible to the naked eye (or non-existent in overburden in strip coal mines) but the high speed venting of explosives gases (and often the water in the presplits) preferentially follow existing cracks and structures because there is no developed presplit crack near the surface. This nearly always lifts, shifts and separates the surface structures and geological layers. Stopping the dilation by 'sacrificial' or 'in advance' presplitting has been shown to reduce the crest loss at both metal and coal mines. Drilling and presplit blasting through an upper level of bench or layer provides a degree of restraint to the target layer where the crest must be maintained and any damage caused by the venting gases will not cause concern as it is removed as planned, leaving a stable crest.

May 1, 2010

By Richard Morland

Some simple and fundamental objectives To challenge and inspire our people to embrace safety as a value ?A stand for safety as a value ?A stand for our people ?A stand by our people ?Prevent harm to our people ?Eliminate suffering for individuals, families, friends, colleagues

May 1, 2010

By Juliana Parreira

The past decade shows record increases in global demand for minerals and metals with an accompanying significant decline in skilled personnel. Mining companies today are examining new technologies to maximize production, reduce costs, and create safer work conditions to deal with this shortfall. Automation of an open-pit mine haulage system is receiving attention as a beneficial option since it provides more consistent and efficient operation of mining equipment, it removes workers from potential danger, it reduces fuel consumption significantly reducing greenhouse gas (GHG) emissions, and it can help optimize vehicle repairs and equipment replacement because of more-predictable and better-controlled maintenance. This paper describes a simulation model under development using the EXTENDSIM software package to examine scale-up issues and constraints of autonomous vehicles in comparison to a manual system. The software can predict and manage Key Performance Indicators (KPIs), such as productivity, safety, cost, equipment failures, fuel consumption, and tire wear under different road and load conditions. By breaking-down the various systems of an autonomous haulage truck and simulating the overall haulage system using a Monte Carlo approach, the model becomes a flexible and powerful tool to use within a mining organization. Direct comparison to a manuallyrun system can be done to show the cost and operational benefits of automation. Project managers can use this tool to guide decision-making about possible application of autonomous haulage trucks at a specific mine site.

May 1, 2010

By A. Pratt

Portland cement is primarily used to solidify backfill in underground mine workings and it represents a major cost in mining operations. CANMET-MMSL has invented an alternative binder technology that does not contain any amount of Portland cement and is made using waste materials, such as development rock and smelter slag. The technology has been successfully tested with many types of base metal and ferrous slag. Research conducted in collaboration with several mining operations in Canada has shown that the CANMET-MMSL binder has considerable potential as a replacement for Portland cement in mine backfill. An integral part of the overall mining operation, backfill is used for two main purposes: safety and environmental remediation. Depending on the mining method used, backfill provides a working surface, stabilizes stope and pillar walls, as well as the surrounding rock mass, and controls caving of stope backs. There are several benefits associated with the replacement of Portland cement in backfill, including reductions in (i) the footprint by placement of slag waste underground, (ii) the environmental effects and long term liability resulting from disposal and containment of slag waste on surface such as acid rock drainage, (iii) GHG as a result of reduced Portland cement usage (the production of 1 ton of Portland cement produces 1 ton of GHG), and (iv) the significant costs associated with reduced Portland cement usage.

May 1, 2010

The Telfer main dome open pit is operated by Newcrest Mining Limited at a current production rate of 50 Mt/a from a pit dimension compromising 2 km strike length, 1 km width and 250 m depth. As part of the refeasibility of the Telfer operation undertaken early this decade, Newcrest identified that an underground sublevel cave (SLC) operation along with an increased scale of open pit would support a new plant targeting the processing of gold and copper ore at 17 Mt/a rates. The SLC was initiated in late 2006 and broke into the open pit in late 2009. This situation is unique across the mining industry where a cave breakthrough was planned and occurred within an active large open pit operation. The SLC broke though into the west side of the Main Dome open pit into a specially prepared bench that was left at the 5384 RL of cut-back stage 3. A main haulage ramp is within 100 m from the edge of the cave breakthrough zone and this ramp passes down to the active levels which are progressing toward the 5200 RL. This paper presents insight into the mine planning and risk management associated with continued operation of the open pit operation while an active SLC breaks through. The cave breakthrough presents unique areas for risk management as there is potential for rapid propagation and subsidence. To support the undertaking, mine design and major hazard management planning has been carried out. Focus areas include; dual ramp system design, preloading the breakthrough area, monitoring of cave propagation and air gap using a seismic system and deep hole extensometers, wall stability and subsidence monitoring using radar and prism systems, and key trigger and response planning.

May 1, 2010

By David Davidson

Overview- Points To Be Addressed ? Review the building blocks of a successful and vibrant industrial economy ? China?s current position in the global economy ? China?s voracious appetite for raw materials ? Distortion in import/export trends ? Areas of strategic importance for China - Steel and its components - Agriculture self sufficiency - Energy now and for the future ? Do current valuation techniques fairly value ?strategic? assets? China ? The Economical Miracle - Massive shift in population from rural to urban - ?Middle class? growing rapidly, hence strong consumer growth - China is the manufacturing center for the world ? cheap labour and - modern facilities - Infrastructure build out ?US$585b stimulus package and 5 year plan - Rail ? 30,000 kms of new track planned by 2020 - Power ? 50% capacity increase, including 35 nuclear reactors - 100 major new airports - State of the art process and manufacturing facilities - Port capacity ? 100m TEU capacity increase by 2020 Class 1 national highway ? 35,000 km?s by 2020

May 1, 2010

By Don Welch

Pressures for change ?Land use constraints ?Project financing ?Local communities ?Environmental issues ?Sustainability requirements ?Stricter regulatory procedures ?Technical excellence ?Reduce risk ?Impacts of failure & non-compliance

May 1, 2010

Westwood Quebec Long Life, Low Cost CONSTRUCTION UPDATE ? Shaft advanced to 840m (after 1 year), 3 km of down ramp and 2 km of exploration drift ? Head frame and hoist room structure completed ? 2009, 84,700m drilling program completed (increase 9%) 2010 OUTLOOK ? $102 million expenditures planned ? Shaft to advance to 1,300m and the first loading excavate 71,500m drilling program planned

May 1, 2010

As Pliny commented two millennia ago, The only certainty is that nothing is certain. Despite the many breakthroughs, advances and promises, the way we each live and work remains awash with technological, economic and political uncertainty. The resources sector is no exception in this regard. Mining itself is much more than a complicated process or recipe; it is a complex adaptive system. The way we adopt and adapt new technologies, the way we evolve data into corporate wisdom, the way we make decisions and even the way we view our concept of rationality should each be the subject of intense review. Translating these sentiments into sustainable company growth is indeed the challenge. This is unlikely to be achieved within convention, but through innovation. The game is changing!

May 1, 2010

Background Chronology 2008 Positions May 8, 2010 Summit Going Forward Say one thing and do another ??Genuine passion to see our customers succeed?, ?A passion for exceeding our customer?s expectations? Self serving actions to gain competitive advantage at the expense of the customer No single supplier or technology can manage the overall mine and its integrated operation - April 2005: Informal meeting at Toronto CIM 2004 -Unanimous interest - July 2005: Formal Calgary Meeting, developed: - Scope and vision statement , - OEM/OTM communication plan, - industry communication plan - Aug?Nov 2005: Aligned with SMART - Nov 2005?May 2006: Direct OEM, OTM communication - May ?Sept 2006: Developed baseline standards - Sept -April 2007: Developed SMART document - Sept 2007: Document distribution and request OEM OTM response - Jan ?May 2008: Acquired OEM OTM feedback and positions May 2008: Results presented to SMART and discussions on next steps

May 1, 2010

By Greg Barnes

Agenda ? The Mining Stock Life Cycle ? Current Environment ? Valuation ? Golds ? Valuation ? Base Metals ? Case Study ? Quebrada Blanca Hypogene Commodity Investment Cycle ? Macro-Economic Indicators ? LME Inventories ? watch the trend; rising inventories ? bad for prices, declining inventories good for prices ? OECD Leading Indicators ? PMIs ? Purchasing Manager Indices ? Industrial Production ? more important for metals consumption than GDP ? Housing Starts ? US, Europe ? Auto Sales ? All things China ? metal imports/exports; SHFE inventories; SRB stockpiling ? Seasonality ? it does play a role ? What is Chris Dutton (TDSI Quantitative Analyst) saying?

May 1, 2010

By Constantin D. Pitis

?Demand-side measure" means a rate, measure, action or program undertaken to conserve energy or promote energy efficiency?? (BCUC, 1996) In actual economical environment, business sustainability requires high-efficiency technological processes. That is why the efficiency concept has to be present at all levels of industrial activities. Nowadays, some purchasing decisions are still driven predominately by the purchase price, in spite of the evidence that such price represents up to 5 % to 7 % of the total costs of ownership with full consequences of energy efficiency and the impact on total ownership costs. The paper presents essentials of converter types and basics of the Global Efficiency (GEff) Concept that has been promoted over the last few years in South African industries (Pitis et al., 2006/7). GEff concept is proven as a useful tool used on price-efficiency decisions. Theoretical and technical aspects of this concept were substantiated with case studies. First part presented in this paper will describe how GEff concept was used on price ? efficiency decisions when single input or direct converters and systems (considered as low value equipments) have been replaced. Besides the impact of energy savings and new innovative developments, the paper suggests general other benefits of: ? Technical and economical performance improvements and competitiveness of mining corporations to international standards; ? Defusing incipient energy crisis in the sector; ? Improving environmental conditions; ? Creating new job opportunities in mining sector. Proposed concept in this paper could be further developed as models of improving companies? corporate energy policies.

May 1, 2010

The provision of professional engineering services in Queensland is regulated through the Professional Engineers Act 2002. The Act requires that anyone providing professional engineering services must be registered and is subject to continuing professional development requirements. The engineering profession is actively requesting the Queensland Government to expand registration to include associate and technologist engineering practitioners. In view of the strong moves at the Federal level towards national registration of professional groups the lessons of the Queensland experience are very relevant across Australia. This paper describes the rationale behind the Act and outlines its operation. It discusses some misconceptions regarding the applicability of the Act to various engineering activities. There is much that the Act has to offer individual engineers and industry generally in establishing, articulating and maintaining standards for professional engineering work. The paper considers legal actions taken to date under the provisions of the Act and discusses the way in which this parallels industry moves towards quality assurance of work force capability.

May 1, 2010