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Post--Crunch Financial Management -An Overview A. The Industry and the Capital Markets B. .The SME -De-risking the Current and New Assets Followed by: C. The Lender?s Perspective on Re-financing?Jeff Stufsky, BNPParibas, NYCD D. .The Agency/Export Credit Lender Perspective?Doug Macaulay, EDC, Ottawa E. The Foreign Political Insurance Perspective?Pierre Vieillescazes, Carrick-Bend, Washington, DC ?Four Fundamental Metal Models No Longer Prevail. ?Mining is in new ?waters?: so be prepared (next page). ?Capital markets are uncertain-so be your own financier first ?If tight capital may remain, prepare to triage based on cash-flow production (not oz, lbs, tonnes, etc) ?Know your banker/financier(and it should know mining) ?In the past, it was ?know your borrower? ?The climbing team can fall if one climber carries too much ?Constantly re-assess the risk matrix (and j/v?s), and ?De-risk/diversify both the asset and the capital base

May 1, 2010

By R. D. MacEchern, M. C. Rockwell

"This paper describes the research and tests carried out to recover the readily available barite from the tailings produced by the Nystone Chemical Ltd. operation at Debert, N.S. The tailings comprised 70-80% of the original feed and contained about 20-25% Baso4 .The objective of the research, undertaken during 1982, was to produce a barite concentrate which would meet the American Petroleum Institute (API) barite requirements for use in drilling mud. Samples from the tailings pond were examined and analysed to determine the tailings characteristics.Preliminary test work was performed on the tailings samples using a Haultain Superpanner, Wilfley tables and Humphrey's spirals. The grade of the barite concentrate retrieved did not satisfy the API barite requirements.The fineness of the tailings and the fact that approximately 80% of the barite was contained in the -200 mesh (0.074 mm) size fractions, indicated that flotation of barite from the tailings might be successful."

Jan 1, 1984

By Steve Dismuke, Tom Diment

In December 1994, Polaris decided to investigate the use of cemented rockfill (CRF) to supplement the existing frozen rockfill system. Extraction plans for the remaining ore reserves required a backfill with superior stiffness proper-ties and capable of developing high early strengths. Although CRF has been used success-fully at several mining operations, there was the additional challenge of making a reliable cemented product in permafrost conditions. There was also the challenge of procuring and storing one year’s supply (13 000 tonnes) of bulk cement. By the spring of 1995, following three months of research, test work and process design, the decision was made to proceed with the procurement and construction of a 3000 tpd batch plant. An ambitious completion date of December 1995 was set. Team Manufacturing of Langley, British Columbia was awarded the contract, complete with the considerable task of having the batch plant fabricated and ready for sea lift shipment by August, 1995.

Jan 1, 1996

An optimization process is described that can be systematically applied by mine planners to produce life-of-mine schedules aligned with their strategic targets, while maximizing the net present value of the mining operation. The software tool employed uses heuristics and an evolutionary algorithm to generate life-of-mine schedules of production and development activities. Generating such schedules is typically a very difficult task due to the large number of operational constraints that must be respected, and the vast number of alternative schedules; as a result the value of the mining operation can be compromised. With an expansion at Newmont?s Leeville mine in Nevada, the mine planners were given the task of producing feasible life-of-mine schedules with significantly increased production rates. Their initial efforts indicated that it would be a considerable challenge to generate such schedules in a timely manner. By systematically applying the proposed optimization process, the mine planners were able to generate optimized life-of-mine schedules with the desired production rate.

Aug 1, 2013

By E. V. Manlapig, U. Erol, V. Ross, K. Tshimanga

Lonmin RoM ball mills are treating two types of feed ore produced by conventional mining and mechanised mining methods. It was reported that reduction in mill throughput was observed when treating the mechanised mining ore. Detailed grinding surveys were conducted for troubleshooting. Ore samples were collected for breakage characterisation using a JKRBT based on different particle density components. XRD analysis was conducted to investigate the association of minerals with density components. The plant surveys and the breakage characterisation tests all suggested that the two mining methods did not significantly affect either the ore breakage properties or the RoM mill performance. Instead, the mill discharge open area exerted a remarkable influence on mill throughput. The RoM ball mill operated at Lonmin K4 Concentrator has been proven to be a versatile mill that performed stably with variations in feed size distribution and feed ore changes by different mining techniques. The reasons are elucidated by the multi-component breakage characterisation and the plant surveys data.

Jan 1, 2012

By A. Fakhimi

The effect of porosity on mechanical behavior of rock has been studied in the past using both experimental and numerical techniques. One important aspect of this study that has not received much attention is the role of void size and distribution on the mechanical behavior of rock. In this study, the CA2 computer program that is a hybrid discrete-finite element program for two-dimensional simulation of geomaterials is used. Numerical specimens with different macro-void sizes are loaded uniaxially. The Young?s modulus, Poisson?s ratio, uniaxial strength and crack initiation stress are studied. The numerical results are compared with the database of experimental tests on Plaster of Paris specimens containing Styrofoam spheres with different void sizes and porosities. It is shown that the macro void spatial distribution is partly responsible for the scatter of the experimental data. It is also shown that not-only the porosity but also the pore size can affect the deformability, crack initiation stress and rock strength.

May 1, 2009

By A. Tohn, K. Adham, R. Lu, D. Lemieux

"To remove sulphur, carbon and arsenic from the gold concentrates of Dundee Sustainable Technologies (DST), Hatch has designed a demonstration plant roaster using the fluid bed technology. The fluid bed was selected for its ability to maintain stable temperatures and uniform reaction conditions. Data points from a small pilot plant (operated by DST) were used for setting the parameters of the demo plant roaster.The DST demonstration plant is being built to further prove their patented gold extraction process at an industrial scale. Their gold extraction process is based on halogenation at atmospheric pressure and relatively low temperatures. Before the halogen leaching, most of the sulphur, carbon and arsenic should be roasted out of the feed concentrate.The Hatch fluid bed roaster design includes a moist feed introduction system, simple bed cooling for temperature control, and cyclone fines recirculation. The demonstration plant roaster is planned for construction in 2014, and the performance results will be presented in a future paper."

Jan 1, 2014

By A. J. Antony Chettupuzha

Electronic Product and Process Management [EPPM] systems provide the capability to establish and map information flow between different parties in a construction project as well as model project processes. Much of the information relating to processes and their structure, the actors that operate them, and the data associated with each instance of a process is encapsulated within workflows. The wealth of information contained in an EPPM system can be exploited to extract knowledge that can provide significant cost benefits to construction companies. Workflows provide an ideal medium for the capture of knowledge over the course of a project lifecycle. We demonstrate how this knowledge may then be used to analyze workflows and determine metrics that establish the suitability of workflows to construction processes. We present a conceptual approach to measure the performance of a workflow, its constituent components and evolution, which may be used to lay the foundation for establishing paragon workflows suited to classes of construction activities.

Aug 1, 2013

By Charles Tkaczuk

Key issues ? No business tool has greater potential to effect change and enhance profitability than process control. ? Successful businesses see process control as an integrated engineered system, designed and built into their business models from day one. ? The integration and use of process control sets the stage for years of compounded returns. ? Has been used for years to optimizing recoveries and minimizing waste. ? However, the mining/ore extraction sector has been slow to adopt integrated process control. What is the problem? ? Most executives and engineers do not clearly understand process control when applied to mining/extraction activities. ? Common approach has been to apply generic process control strategies as a blanket cure all and wait for it to pay off. ? No central focus which results in multiple group involvement, overlap and inconsistent application of questionable technology. ? Considered a low priority until production activities commence. ? Comfort in using brute force mining methods. ? An off-the-shelf integrated under ground mining process control architecture has not until recently been available.

May 1, 2004

By D. T. Aikens, R. Gaudreault

"This paper summarizes structural repairs carried out on a marine wharf consisting of six 13.7 m by 13.7 m reinforced concrete cribs linked together by five 14.6 m long beam spans. As a result of problems during original construction and twenty years exposure to severe weather conditions, the deck support system between the cribs required major restoration work. In particular, some of the beam seats under the crane rail supports had marginal bearing area to support the structural loads. Faced with closure order for the wharf which is required to bring in raw materials to the plant and a long outage to make repairs as stipulated by Ports Canada (owners of the structure) alternate means of making the required repair were examined.The method chosen allowed the work to be done much more quickly, at lower cost, without taking the wharf completely out of service. The badly deteriorated seats were rebuilt using epoxy grout, tapered sole plates and a positioning jig."

Jan 1, 1988

By Steve Forgeron, Brendan MacKenzie, Kevin MacPherson

"The geological composition of strata immediately adjacent to coal seams has a significant effect on the safe and efficient extraction of coal from underground mines of the Sydney coalfield. Geological features such as paleo-sandstone river channels, seam splits, floor rolls, paleo-soils and stone-filled rupture features can rapidly alter the competency of immediate roof and floor strata, significantly reduce the height of the coal seam, cause rapid variations in seam gradient and influence the in situ and run-of-mine quality of the coal.The impact of these features on the over-all mining operation can be significantly reduced if mine management can be for-warned of their impending occurrence. Using the information acquired from boreholes, geological mapping, x-ray diffraction analyses, microscopic studies, geophysical logs and seismic surveys, sedimentary models have been constructed which enable the mine geologist to predict, with increasing accuracy, the future occurrence of deleterious geological features ahead of the working face."

Jan 1, 1986

By G. Mucsi, J. Faitli, K. Bohács

"The authors developed an online tube rheometer to supplement a Netzsch MiniCer (Netzsch GmbH, Germany) stirred media mill in order to monitor online the rheological characteristics of the suspension and therefore the result of grinding during the process. Previously it was demonstrated that the above measuring system was working appropriately based on the preliminary tests. The product related stress model was applied for the evaluation of the grinding results. It was found that the suspension concentration and the change of the material properties during grinding, consequently the rheology strongly affects the grinding result, i.e. specific surface area, median particle size as well as specific grinding energy. The tested model limestone – water suspensions behaved Newtonian initially, then after a given grinding time their properties had changed and they become Bingham plastic. INTRODUCTIONStirred media milling now is a common practice to produce fine and ultrafine granular materials for different purposes. With an increasing demand of ultrafine powders for industries (Kwade, 1999), wet and dry ultrafine grinding has been increasingly used in various fields, such as minerals (Mucsi, Rácz, & Mádai, 2013)(Rácz, 2014), ceramic materials (Becker & Schwedes, 1999), pigments (Ohenoja, Illikainen, & Niinimäki, 2013), chemical products (Baláž et al., 2013), microorganisms (Kwade & Schwedes, 2002) and pharmaceutics (Afolabi, Akinlabi, & Bilgili, 2014). It is well known that suspension rheology affects the wet comminution of materials (He, Wang, & Forssberg, 2006a). The rheological behaviour of the suspension containing the ground particles might indicate the level of interparticle interaction or aggregation and therefore it is an important variable factor of the process control (Muster & Prestidge, 1995). The influence of the rheological behaviour of mineral suspensions on their grindability has attracted more and more interests and attention, especially on ultrafine grinding performance (He, Wang, & Forssberg, 2006b) (Bernhardt et al., 1999). However, there are still many issues concerning the machine and the process for the different applications. When grinding is effective and the particle size range decreases significantly, the circulating suspension is becoming typically non-Newtonian. The changed rheological behaviour and the increasing rheological material parameters can negatively affect the grinding efficiency; therefore it is an important issue. Ultrafine stirred media milling as well as solid-liquid two phase flow have been studied for a long time at the Institute of Raw Materials Preparation and Environmental Processing of the University of Miskolc. Regarding ultrafine grinding the research is focusing on the description of materials’ grindability (energetic aspects) both in wet and dry circumstances (Mucsi et al., 2013; Rácz, 2014). Concerning rheology, the three measuring pipes tube rheometer was developed decades ago (Faitli & Gombköto, 2015). So far many different solid materials from all over the world had been tested in this rheometer (Faitli & Gombköto, 2015). Main aim of these tests was to gain basic data for large scale hydraulic transport applications. Among the many stirred media mills there is a Netzsch MiniCer mill at the Institute. It was reasonable to combine the two fields together, and the goal of the research presented in this paper is to develop an online tube rheometer for the Netzsch mill and to carry out grinding and rheological testing simultaneously."

Jan 1, 2016

By E. Sigal

Overview ?Intrinsik has completed several wide area HHRA and ERA studies of mining and smelting communities ?Several ?Lessons Learned? ?Key areas related to: ?Study Design ?Data Quality ?Bioaccessibility ?Speciation ?Weight-of-Evidence Approaches ?Advances in Ecological Risk Assessment Techniques

May 1, 2009

By O. Hall

DISCUSSION AT QUEBEC MEETING MR. A. V. CORLETT: With drill holes radiating from a common point, is loading carried to the collars, and do you undertake to distribute the powder evenly? MR. R. V. PORRITT: When the collars of the holes, particularly the diamond-drill holes, are close together, two out of three holes are loaded only to within six or seven feet of the collars, and the intervening holes are loaded close to the collars. When the collars are farther apart, the holes are loaded close to the collars. No spacers are used, and the holes are filled solid with powder, this applying particularly to the diamond-drill holes, except, of course, where the collars are close together and some holes are not loaded close to the collars. MR. J. G. L. McCREA: I would like to enquire in respect to the various efforts made to reduce the cost of diamond drilling to the lowest point, what is. the relative cost of the solid bit to the standard bit? It would seem that the solid bit has the higher cost. MR. PORRITT: The non-coring or solid bit gives a slightly lower diamond cost than the coring bit. With the coring bit, the greatest diamond loss is on the inside stones, apparently due partly to vibration, but mainly to the core blocking against these stones. This condition, of course, does not apply with the non-coring bit. Our experience is that the non-coring bit, which drills out a much greater area, has a diamond consumption slightly less than the coring bit. The non-coring bit is sturdier, and is far less liable to damage in starting holes and in drilling through cracked or broken ground.

Jan 1, 1939

By Mark Sherman

One of the main functions of a process technology and engineering services provider is to select grinding equipment that will meet the client?s throughput rate target. Prudent risk mitigation strategies would suggest that throughput rate estimates be cross-checked using a variety of techniques. Whilst some comminution circuit designers have estimated specific energy requirements via the manipulation of the Bond specific power equation e.g. Barratt?s Grindpower and OMC?s FSAG approach, other designers have opined that the Bond Indices have no role to play in the calculation of SAG mill specific power. As a result, they have developed their own specific energy estimating methodologies, e.g. SMCC?s Drop Weight based power methodology, SPI, SAGDesign, etc. Each method has its supporters and its critics. The challenge facing the engineering provider is how to nominate an SAG mill based circuit throughput rate estimate when faced with significantly disparate specific energies calculated by the different methodologies. This challenge is exacerbated via the continuing evolution of contemporary circuit configurations such as two stage pebble crushing some of which incorporate HPGR technology as the second stage of pebble crushing. The methodology presented in this paper shows that the Bond Indices are an excellent tool for estimating the specific energy requirements for SAG mills in SAB, SABC and SSS circuits. The method accommodates primary crushed feeds, partial and or fully secondary crushed SAG mill feeds, and emulates the impact of pebble crushing on SAG specific energy. As a result, the new Bond Index based method has provided an additional tool for increasing Fluor?s confidence when predicting SAG mill based circuit throughput rates. Based on this outcome, the author proposes that the decades old conundrum of using Bond Indices to calculate SAG specific energies for SAG mill based circuits has been solved.

Jan 1, 2012

By P. Reyes

The Codelco Chile El Teniente Division Caletones Smelter has an objective to smelt 1,250,000 tonnes per year of copper concentrate. This is a great challenge for the smelter facilities and particularly for the acid plants. The analysis ensuring that there are no obstacles to achieve the production capacity was of great importance. Therefore a series of activities were undertaken as well as studies dedicated to reach the target. This paper presents work focused on a fluid dynamic study, translated in an operation methodology of integrated handling of the smelting and converting gases with the objective to optimize the gas flow and S02 concentration. The optimization should be done employing the current installations, equipment and instrumentation and/or minor modifications. In the first part of the work the condition of the instrumentation involved in the gas handling was checked, improvements determined and the corresponding corrective actions were carried out. The proposed operation method consists of operation of the Cleaning Gas Plant 2 (TC' s gases) and operation of Gas Cleaning Plant 1 (the remaining gas plus the gases from CPS). The implementation of the operation method involves the modification of the valve of the gas into the duct to plant 1 from On to Off to modulate flow. After modification a three days test was carried out. To evaluate the tests, a "Sulphur Capture" indicator was used. During the test the behaviour of the effluent treatment plants was closely examined. No problems or unusual operating conditions were observed. The reduced flow of gas to Gas Cleaning Plant No. 1 permitted the start up of the 2nd test day treating most of the gas received by Gas Cleaning Plant No. 2. The operation was carried out with the limitation not to increase the effluent pond level, which was maintained constant.

Jan 1, 2007

By P. Mageau-Béland, È. -M. Proulx, M. -C. Patoine

Over the past six decades, Hatch has helped several industrial processing facilities in debottlenecking their operations, allowing them to produce more with the same equipment, to reduce and even eliminate expenditure investments, or to increase the return value of their expansion projects. These successes result from the application of a proven analysis approach that can be applied to any industrial facility. A five-stage methodology is discussed and demonstrated with a specific example of a nickel concentrator optimization study. The first stage is an observation stage which allows to meet key actors at the plant, develop mutual understanding of problems, understand operating philosophy, and efficiently collect large amounts of operating and maintenance data. Following is a data compilation stage during which data is analyzed over a representative time period to identify parameters that significantly affect the production, to evaluate data reliability and to define the focus of the upcoming analysis. Quantitative metrics are defined using statistical tools such as pivot tables, histograms, percentiles and MDR (Maximum demonstrated production rate during 3 to 7 consecutive days). Then, the production bottlenecks are identified by a thorough analysis of the facility’s control philosophy, process throughput, equipment capacity, availability, downtime causes, and interaction between components of each circuit. Understanding the maintenance practices and frequency of planned shutdown is also critical to this analysis. Opportunities for improvement are identified in collaboration with the operation, maintenance and engineering teams, ranked as a function of their impact on the bottlenecks and prioritized. The final and most critical stage involves engagement with the plant stakeholders, namely the operators and the maintenance staff members, to present the results of the analysis and obtain their participation in the implementation of the solutions. The benefits of the case study translated into: 10% production capacity gain, improved maintenance planning and avoidance of several million dollars of investment.

Jan 1, 2016

By Paul W. Richardson

"Introduction And AcknowledgmentsTHIS PAPER outlines the geology and discusses the geological problems of the Mindamar mine. It is impossible to acknowledge the contributions of ideas of all the geologists who have worked in the area. Among the more important contributors are K. DeP. Watson, W. S. James, B.S.W. Buffam, and L. J. Weeks, and John MacPherson, the resident geologist at the mine.A mineralogical and chemical study of the ore and country rock is being carried •on by Dr. Watson at the University of California, Los Angeles.General InformationThe Mindamar mine is on Cape Breton Island, forty miles south-west of Sydney (Figure 1). The nearest railway stations are at St. Peters, which is thirty-two miles southwest of the mine, and at Sydney. Good gravel-surfaced roads connect the mine to the railways.The mine is producing at the rate of 600 tons a day of ore containing zinc, lead, copper, and minor amounts of silver and gold. At the present time the mill feed averages 9 .per cent combined metals, of which zinc makes u:p 7 1per cent and lead and copper each 1 per cent.General GeologyThe ore being mined ,by Mindamar occurs in a shear zone parallel to a northeasterly striking, vertically dipping, series of rocks consisting of rhyolite tuff, rhyolite, minor more basic flow rocks, and diorite (Figure 2). In the vicinity of the mine, these rocks have been termed the Mine Series. They belong to the Bourinot group, which has been assigned by L. J. Weeks to the Middle Cambrian. At the latitude of the mine, the Bourinot group is bounded on the northwest by the Stirling fault and extends eastward for two miles."

Jan 1, 1953

By Ryan W. Siggelkow

Mines today use various methods of mining to extract ore. Because of the dangerous nature of many of these processes, remotely controlled LHD machines are being used to extract the ore from the draw point. The remote control system, although being made safer all the time, has remained virtually unchanged for many years. The basic functionality is an operator switching the machine to remote control, getting out of the cab, walking up a stand, operating remotely, returning to the cab, switching to manual, driving manually, switching to remote, and switching to manual. It seems repetitive, and time consuming, does it not? Networking, convergence, video, voice, and data infrastructures, and other technologies are growing by leaps and bounds in virtually every industry and region, except for mining. From the comfort of the living room couch, a Canadian can play hockey online with full voice conversations over the Internet with someone in Russia in real time. Yet, a mine superintendent must jump through hoops to have a private conversation with the front line supervisor underground. "Is Joe around anywhere?" If Joe hears the message, he will respond. If not, who knows? Maybe he's hurt. Maybe he's not. Where is Joe? Nobody really knows, and that is scary. Today, surface knows that the workers disappeared into the cage at 7:00 a.m. They also know that the workers will probably and hopefully return at 3:00 p.m. Is there not a better way to handle this? With such a complex industry, it seems as if, for the most part, the introduction of new technology into mining has either been overlooked or has been met with some resistance. It is time to step back, look at the process, and see how it can be improved. Key areas of focus will be safety, productivity, dependability, and cost-effectiveness.

May 1, 2010

By A. Atef

Vulnerability is a measure of the extent to which a community, structure, services or geographic area is likely to be damaged or disrupted by the impact of particular hazard. Current asset management practices focuses on studying factors that affect performance of isolated infrastructure networks and model a set of actions to control the expected performance of these networks. This approach ignores the underlying spatial and functional interdependencies among these infrastructure networks and their vulnerability. The purpose of this paper is to introduce a new method that recognizes the effect of spatial and functional interdependencies on vulnerability rating of water, sewer and road networks. The proposed method consists of: 1) risk assessment model, 2) interdependency assessment model and 3) vulnerability assessment model. The risk model is composed of two modules: 1) water and sewer risk module and 2) road infrastructure module. The water and sewer risk module will cluster these assets into three risk categories based on environmental, social, operational and economical factors. The road infrastructure module will cluster road assets into three risk categories by using rational factorial technique based on road type, serviceability index, traffic load, and freeze and thaw index. The interdependency model will deploy the risk ranking to perform geospatial analysis in ArcGIS which results in determining the interdependent layers of waters, sewers and roads. The vulnerability model will deploy fuzzy neural networks technique to determine the vulnerability rating based on spatial and functional interdependencies. The fuzzy neural networks are utilized to overcome the lack of historical data and incorporate experts? preferences for establishing the knowledge base for vulnerability assessment. The expected contribution of this framework is to aid decision makers in understanding the interdependencies between civil infrastructure assets and to which extent such interdependencies can compromise assets performance.

Aug 1, 2013