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By J. Shang, P. Howarth, B. Morris

Tailings from the nickel refinery in Copper Cliff, Ontario, consist of fine silicates mixed with a variable amount of conductive and magnetic minerals mainly associated with sulphides and iron oxides. Subsequent oxidation of sulphide- rich phases within the tailings results in the formation of an acidic leachate that may contain significant concentrations of trace metals. Mapping the spatial distribution of regions of higher sulphide concentration therefore provides insight into the distribution of the acidgenerating potential within the tailings. Electrical conductivity is constrained by two parameters — the concentration of metallic sulphides and the ionic concentration of acid in groundwater. Magnetic susceptibility is directly related to the pyrrhotite and magnetite content. It is proposed that combining information derived from airborne electromagnetic and magnetic surveys can provide an indication of metallic sulphide distribution. Preliminary investigations of airborne electromagnetic and magnetic data acquired concurrently over the sulphide-rich Copper Cliff tailings site reveal that these parameters can provide information on mine tailing extent and permit separation of tailings with varying compositional and alteration levels. Airborne geophysical data provide information about the subsurface while a digital elevation model (DEM) and hyperspectral imagery record surface conditions. Integration of the two data sets can reduce ambiguity when interpreting mine tailing distributions and their subsequent alterations.

Jan 1, 2001

By Paul Gauthier

Aujourd?hui, avec un faible prix de l?or sur le marché, les opérateurs miniers doivent revoir leur façon de faire. La méthode de minage «Eureka» permet de réduire les coûts de production et d?accélérer la mise en production des chantiers. Les principales étapes du cycle de minage et les problématiques associées à l?utilisation de cette méthode à la Mine Bousquet y sont décrites.

Oct 1, 2001

By Eric D. Jamieson

"How well is the Canadian coal industry able to expand in the tough competition with other fuels in Canada and with other suppliers in the international, metallurgical and thermal coal trade? Coal production as a whole decreased between 1950and 1960 and, although there has been a tripling of production since then, underground production continued to decrease until 1975. This trend has been reversed to a certain extent as a result of the modernization of mines in Cape Breton, but in 1978 over 85% of coal production came from surface mining.Against this background, the paper reviews current Canadian mining operations as described in papers presented at the 1979 CIM Annual General Meeting. Conclusions are then drawn regarding some of the longer-term mining applications in relation to the latest coal demand forecast, which indicates a potential Canadian production requirement of 160 million tonnes per year by 2000. IntroductionThe Canadian 'coal industry is experiencing a period of expansion and a new record for production is set with each passing year. This growth pattern over the last IS years has been based on two main markets-the generation of electricity in Canada and the export of coking coal to Japan. Supply to those markets has entailed either the development of mining, coal preparation and transportation systems for the delivery of large volumes of products with predetermined specifications or the establishment of minesite plants designed specifically to suit the characteristics of the coal in the adjacent deposits (Fig. I).Coal is a low-value commodity in relation to its bulk, and the economics of coal use become progressively less attractive with increasing distance from the producing mine. The transportation component in the export trade and in the movement of western coal to Ontario is a major cost factor. In the latter case, it approaches the cost of coal produced at the mine. In addition, the .international competition among coking coal producers chasing diminishing markets in a worldwide steel recession as well as the competition from U.S. coals and other fuel s for Canadian thermal coal have introduced a tight set of parameters to govern mining practices in all parts of the country. Some appreciation of the required changes in mining techniques brought about by declining traditional markets and the rigorous demands of the new bulk markets can be gained by comparing production from surface and underground mines over the past 25 years (Fig . 2)."

Jan 1, 1980

By C. H. Bertoni

"The Superior Province of the Canadian Shield is the largest gold producing area within Archean greenstone rocks in the world, with total production of over 140 million ounces of gold. One hundred and fifty-five mines have individually produced more than 8,000 ounces, although only a relatively limited number of deposits (33) produced more than one million ounces of gold. The output from these 33 deposits accounts, however, for 85% of total gold production. The majority of grades (68%) ranges between 0.10 and 0.30 ounce per ton, and there is no linear relationship between grade and tonnage.Development of new gold mines reflects the history of gold prices. However, the response to the latest increase in gold prices was not as marked. It is concluded that gold deposits are becoming increasingly more difficult to find and new exploration techniques are urgently required.IntroductionWith most of its production coming out of the Superior Province, the Canadian Shield is the largest producer of gold from Archean greenstone rock s in the world. In total gold production, the Superior Province is surpassed only by the paleo-placers of Witwatersrand and the placers of the USSR (Anhaeusser, 1976). There has been no attempt so far to compile the historical production of the Province as a whole in a single document. The aim of this work is to fill this gap, not only for the convenience of having a complete list of gold producers, but, more importantly, as a basis on which to study the tonnage and grade characteristics of these deposits."

Jan 1, 1983

By A. S. Nortjé

At South Deep Gold Mine longhole stopes are backfilled using a cemented Cyclone Classified Tailings in its hydraulic state. The need to contain the hydraulic fill until cured requires a barricade. Due to the massive size of the stopes, the tailings can exert enormous forces on any such barricade. Barricades have long been in use, but recent failures in Australia and the large rate of filling required at South Deep solicited a robust design. A robust design must examine all foreseeable failures and the barricade must be able to resist all expected and, within limits, unexpected loads. The design should also be simple to construct and cost effective, limiting the impact of construction errors and unnecessary delays to production.

May 1, 2007

By T. Norvell, R. Gosine, S. O’Young

"This paper describes the use of dynamic scheduling and discrete event control to provide coordinated control of multiple automated vehicles. This work has been carried out within ongoing research into multi-robot coordination developed around the underground mining scenario. Demonstrations using scaled laboratory models of underground mines illustrate the potential for this technology for full-scale implementation for mine-wide automation. IntroductionIn the past decade, the mining industry has been improving the efficiency of underground mining operations. Robotics and automation have demonstrated the potential to further reduce costs. Tele-operation of underground vehicles from above ground and autonomous navigation have reduced travel delays and allowed for single operator control of multiple vehicles (Bloomquist and Hinton, 2001). Other recent projects include the automation of the digging process as well as the drilling and blasting operations. Infrastructureless guidance systems are also being developed (Bloomquist and Hinton, 2001).Mine-wide automation requires significant developments at two levels: (1) the development of mining robots capable of performing tasks either autonomously or semiautonomously; and (2) the development of methods for automating operations at a systems level. This paper focusses on the latter, and describes a general framework for the coordination of multiple mobile robots in an unstructured or semi-structured environment."

Jan 1, 2003

By E. O. T. Simpson

"IntroductionAS COMPARED with coal mines in the United States, and even with some of those in eastern Canada, the coal mines of western Canada, generally speaking, :have made little progress toward mechanization at the working faces. So far as Vancouver island is concerned, there are three main reasons for this : ( 1 ) in some areas, conditions• easy for hand-loading but unsuitable for mechanical loading make high outputs per man •possible by the former method; (2) faulting of the coal seams in ..some areas precludes long-term planning and the introduction and efficient use of expensive equipment; (3) thinness •and other characteristics of the seams in many areas favour hand-loading.No. 8 MINENo. 8 mine of Canadian Collieries (Dunsmuir), Limited, is located in the Cumberland sub-area of the Comox coalfield on Vancouver island about 90 miles west-northwest of Vancouver. The geological structure of this coalfield has been described by J. D. McKenzie. The seams occur in the Comox formation, a subdivision of the Upper Cretaceous Nanaimo Group. The formation is of near-shore origin and was laid down on an irregular surface of' older rocks. The irregular generally have a northeasterly dip, modified by gentile folds and by a •few large, and a number of smaller, faults.Four seams have been worked in the Cumberland area and all vary in thickness and in the amount and number of interstratified bone and rock •bands."

Jan 1, 1953

By G. R. Rawsthorne

"The Con-Rycon mine is located on the north shore of Great Slave Lake in the Northwest Territories within the present city limits of Yellow-knife. Development work on the Con property started in 1936, resulting in a mine-mill complex which produced its first gold brick on September 5, 1938. Since that date 5,000,000 tons of ore have been mined yielding 3,000,000 ounces of gold. At present there are 220 employees at the mine.MineThe mine has 1.22 miles of vertical shaft, 41 miles of level development and 10 miles of inclined raises. There has been 1,000,000 feet of diamond drilling in search of ore. The temperature at the 4900 level (4400 feet below sea level) is 68 deg. F.The present mining method is cut and fill. The majority of the ore mined today passed through an internal winze before reaching the main shaft. The long haulage and double handling will be eliminated with the completion of a new shaft presently under construction to the 5800 level.MineralizationThe ore treated today is from the Campbell shear 1vhich is characterized by lenses and veinlets of coarse textured quartz containing some carbonate, sulphides and finely disseminated as well as visible gold. At the lower levels of the mine the arsenopyrite content in the ore is de-creasing with a~ increase in the levels of chalcopyrite and pyrrhotite."

Jan 1, 1974

By W. K. Gowans

The Sullivan Concentrator treats a complex sulphide ore consisting mainly of galena, marmatite and pyrrhotite. The ore carried minor values in silver, antimony, bismuth, indium and tin. The products of the concentrator are lead, zinc, iron and tin concentrates. The minor metal values other than tin are recovered from the concentrates by the refining processes in the smelter at Trail.The concentrator was completed in 1923 and first operated with a capacity of 2,500 tons per day. In the years 1926 to 1929 changes to equipment and buildings brought the operation up to 5,500 tons per day and then, in the years 1935 to 1945, the daily tonnage was raised to 8,500 tons. After 1945, the rising insoluble content of the ore made it necessary to consider the construction of a Sink-Float plant. At this time consideration was also given to the construction of a new crushing plant underground to replace the rolls crushers and cone crushers located at the concentrator. By 1949, construction of the Sink-Float plant was completed along with a new underground crushing plant, and an electric haulage way between the underground crushing chamber and the Sink-Float plant. The ore was hauled in forty 14-ton car trains which discharged into a 3,000 ton receiving bin by means of an air operated five car rotary dumper. With the start up of the,Sink-Float plant, a 1 ½ ft. by 12 ft. Hardinge rod mill was also brought into operation. The Sink-Float plant made it possible to treat 12,000 tons/day of mine run ore with up to 40% of this being rejected as float.

Jan 1, 1975

By G. M. Hutt

Introduction The major development of industrial minerals in Manitoba has been in building materials. 'The building-stone industry is developed far beyond the needs of the Province, and the well known Tyndall limestone is marketed over a wide area throughout the other provinces to Canada. Similarly, gypsum and gypsum products are produced in excess of local requirements and are exported to adjacent provinces. The crushed-stone, sand and gravel, limestone, and lime industries are sufficiently developed to supply the needs of the Province and, notably in the case of lime and lime-stone, there is a surplus for export to the adjacent provinces and to the United States. The manufacture of common brick is well established, but for face-brick and other clay products the Province is dependent largely on importations. Production of silica-sand will increase as Canadian markets become available through recognition of the utility value of the Black Island sand as foundry-sand and for other purposes. There is some possibility of the export of feldspar, of lithium ore and concentrates, and perhaps of salt. A considerable part of the Province has not been seriously prospected for industrial minerals and it may be expected that, as time goes on, other deposits of non-metallic minerals will be discovered and opened up, especially as the prairie provinces become more industrialized. At the present time, there is some activity in the southern part of the Province based on gas and oil indications. Whatever may be the outcome of this work, it should yield valuable information concerning the geological structure of the area.

Jan 1, 1934

By G. M. Hughes, R. W. Dunn

"AbstractCurrently installed an analogue instrumentation devices at Sherritt 's Ruttan Concentrator control. and/ or measure mill tonnages, grind, pH, density , some reagent and slurry flows, and cell levels. On-stream analysis is used to assay the main process streams. The history of development of process control is reviewed from startup to the present stage of selection of a process control computer. A pragmatic approach has been taken to process control to ensure compatibility with the needs and resources of Ruttan. Emphasis is made of the need to have the mill performing well from a mechanical and instrumentation point of view and to have opera tor acceptance of the computer through training. Plans for the computer phase to achieve these objectives are outlined.IntroductionTHE COPPER-ZINC OREBODY at Ruttan Lake was discovered by Sherritt exploration personnel in 1969 and by mid-1973 a 10,000-tpd mine and concentrator were in operation. After a typical startup period , the major mechanical problems in the crusher and concentrator have been resolved. Metallurgical performance is now up to standards forecast in the feasibility study.The cost of the original instrumentation installations, including an on- stream analyzer, was about one million dollars or 4% of the cost of the milling complex. Although there was no intention of using a process control computer until the plant was operating smoothly, it was understood that all instrumentation was compatible with .a computer, but this did not prove to be correct. This paper cover s the development of the instrumentation loops to date and the control strategies that will eventually be implemented through a process control computer."

Jan 1, 1977

By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments. A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including respectable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects. Reflecting the observation of a wide range of views regarding the subject of inflation, this paper will-address the impact of five different approaches to inflation on the evaluation of a single Canadian mining project."

Jan 1, 1987

By Paulo F. T. Sachs

ERP systems have been widely implemented nowadays in several industries. However, ERP was originally designed to fit former MRP and MRP II users, and most of the ERP research has been focused on discrete manufacturing . On the other hand, process industries ? and mining in particular ? present many peculiar characteristics, which are difficult to comply with ERP systems standard functionalities. Again, very limited research has been developed covering enterprise management systems in mining. The objective of this paper is to identify, through an explanatory study that includes a case study methodology, how ERP systems manage the functional areas of the mining industry, and how they fit into the mineral value chain IT requirements. A secondary objective is to identify the gaps between ERP?s functional capabilities and the mining industry business requirements, and to point out the perceived benefits they generate to the companies.

May 1, 2004

By Arthur Grounds

Historical In the course of a paper which is necessarily limited in length, such as the present one, it is obviously impossible to describe in detail the history, development, and present position of coal preparation in Western Europe. Great Britain has been blessed with large deposits of excellent coal of nearly every type, ranging from the high-grade anthracites of South Wales, which are characterised by their very low ash and volatile con-tents, to the superb coking coals of South Wales and Durham -probably the finest in the world -with their low ash and sulphur contents, the latter constituent often well be-low l per cent. Gas coals abound in Lancashire and Yorkshire, while coals from the East Midlands, Northumberland, and Scotland are excellent for steam-raising and other industrial purposes. The excellent quality of these various coals has, in years gone by, ensured ready .sales abroad and it is not surprising, therefore; that methods of coal preparation were largely developed on the Continent in an endeavour to upgrade the inferior fuels found there, so that the prepared product could compete with British coals on the European market.

Jan 1, 1951

By K. C. Armstrong, A. B. Cron, L. A. Melis

"The Johnny Mountain gold mine in northern British Columbia, owned by skyline Gold Corporation, has been in operation since August 1988. Mill operating difficulties at the start of the operation resulted in a depleted cash flow situation and quick improvements were required to generate a self-sustaining financial basis of operation. In October 1988, Melis Engineering Ltd. was contracted to identify metallurgical difficulties, implement necessary modifications, and undertake mill operations and personnel training in order to achieve production targets.This paper presents the operating difficulties which existed at start-up and describes the methodology used to overcome production problems. Metallurgical testing results are described along with the modifications made to the milling circuit to suit ore metallurgy. Plant changes led to the operation of a simple gravity/flotation circuit to recover gold as bullion and in a copper concentrate. Operation of the originally installed cyanidation circuit was discontinued. This contributed to substantial savings in operating costs and virtually eliminated environmental problems. PROPERRTY LOCATION ANR DESCRIPTIONThe Johnny Mountain mine site is located in northern British Columbia along the Iskuit River about 60 km east of Wrangell, Alaska and 275 km north of Terrace, B. C.. A location map is presented in Figure 1 and a site plan is shown in Figure 2. The complex is located on a mountain plateau about 3, 600 feet above sea level. The plateau is flanked to the north by Johnny Mountain and surrounded on the other sides by steep cliffs."

Jan 1, 1990

By Claude Deveau

"Studies on the performance of Falcon batch type concentrators treating ultrafine tantalum at Tanco have revealed that very fine heavy minerals are concentrated within certain areas of the concentrate bed. This information led to the design of a bowl which would allow entrapped lighter low grade particles to escape while providing more space for heavier particles to be recovered in the bed.Numerous tests were then completed with a modified batch-type and non-fluidized Falcon bowl in which the diameter of the discharge lip was adjusted downward manually in steps. This allowed for the gradual building of a higher grade concentrate bed.This work ultimately led to the design of a new Falcon with an automated continuously variable lip. In April 2005, Tanco commissioned the first Falcon UF600.This paper will discuss laboratory scale results and also plant performance of the Falcon’s UF technology.INTRODUCTIONTantalum Mining Corporation of Canada, also known as Tanco, is a wholly owned subsidiary of Cabot Corporation based in Boston, Mass. Operating since 1969, the underground highly mechanized room and pillar operation produces tantalum, lithium and cesium minerals and is located a 2 hour drive east-northeast of Winnipeg Manitoba, Canada.At Tanco, tantalum is recovered using conventional gravity concentration, enhanced gravity concentration and flotation. This paper will discuss how the need for improved equipment to treat very fine tantalum particles was filled by a machine which was modified to the point of creating a completely new technology.In November 2003, Tanco began the investigation for the potential use of a high g-force smooth walled concentrator for treating ultra fine tantalum produced by its flotation circuit. Until then, the tantalum flotation concentrate had been treated by a circuit which consisted of a Mozley Multi-Gravity Separator 902 (MGS), a Mozley MGS 900 and a Bartles cross belt concentrator. Through QemScan analysis, it was found that the majority of the losses from this circuit were of an extremely fine nature which exceeded the recovery limits of equipment on hand. Mean particle size of the tantalum losses was less than 10 µm."

Jan 1, 2006

By R. Viljoen, K. Manns

"The mining industry instinctively follows rule-of-thumb design velocities often based on very simplistic theoretical “economic velocity” optimization calculations to determine airway sizes. Although these are important building blocks in ventilation planning it should be recognized that mines are far more complex and various, often opposing factors, are at play. Therefore, it is important that each ventilation situation be analyzed on a case-by-case basis to determine the best-fit solution for an operation. The ventilation design process should not necessarily be constrained by theoretical optimal economic velocities that become rules-of-thumb. In some cases, this could lead to unrealistic infrastructure requirements and exorbitant capital expenditure. This type of design often lacks corporate support leading to a scenario where no ventilation upgrades are implemented. Economic velocities typically consider the cost of power, development costs and operational risk. These typical rules-of-thumb work reasonably well as a starting off point when considering feasibility of greenfield projects. For established mines that are looking at expansion these rules may not be appropriate due to capital expenditure constraints or geotechnical ground conditions. The theoretical optimum should be reviewed in the case of an established mine where existing infrastructure could perhaps be maximized. For example, the geotechnical risk of large diameter raises at depth may require multiple small diameter raise to maintain the theoretical economic velocity. If a mine has a life of less than 5 years, then the cost of power is an insignificant proportion of the total owning cost. For these mines, operating the ventilation raises at an increased velocity to avoid a complicated and expensive capital upgrade might be the more appropriate option, even though it opposes the traditional rules-of-thumb. Mines which are capital constrained may be better off accepting a higher operating cost for the interim or settle for minor infrastructure upgrades rather than run the risk of the entire ventilation upgrade not being approved at all. This paper explores a number of examples derived from case studies undertaken by the authors for several deep mechanized mining projects in Australasia. The examples explore conditions under which higher than the economic norm would be applicable."

Jan 1, 2019

By R. Kwiatkowski

Agenda ? Health Canada Protocol _ Screening Level Risk Assessments (SLRAs) Contaminants Foods Exposure Pathways COPCs _ Site Specific Risk Assessments (SSRAs) In-depth, quantitative Monitoring Exposure estimates Food Issues in Environmental Impact Assessments ?Country Foods? ? Foods gathered from the project area and consumed by local residents.

Apr 1, 2005

By S. R. Noble, F. R. Harris, E. T. C. Spooner

"The Logtung deposit discovered in 1976, is an example of large tonnage (162 million tonnes), low grade (0.13% WO3 and 0.052% MoS;) W(scheelite)-Mo mineralization related to multiple felsic intrusions. Because mineralization is predominantly fracture-controlled (> 95 %) rather than disseminated, Log tung is not a skarn deposit. Metamorphism of the Logtung country rocks (interbedded calcareous shale and graphitic quartizite) to a series of competent reaction skarns (quartz-diopside-garnet calc-silicate, biotite quartzite and wollastonite-vesuvianite calc-silicate) clearly precedes W-Mo mineralization. Hence mineralization was related to permeability created by hydraulic fracturing and not replacement processes.Logtung shows a theme of several phases of mineralization (4) related to multiple intrusions (>2) which is similar to that of the Climax and Urad-Henderson Mo systems. The earliest quartzmolybdoscheelite vein system, which consists of a typical ""porphyrystyle"" crackle-breccia of thin (0.5 mm to 4 mm) quartz-garnetdiopside- molybdoscheelite veins, is related to a high Si02 (approx. 76%), seriate-porphyritic monzogranite stock (approx. 2 km by 0.5 to 1 km) of Cretaceous age (118 ±2 Ma [2u]; Stewart, 1983). Later quartz-pyrite scheelite (fluorite-KINa-feldspars-molybdenite) veins, with prominent green, hornblende-bearing alteration selvages, and quartz-molybdenite (-pyrite-jluorite-scheelite) veins are related to a quartz-feldspar-spessartine-rich garnet porphyritic felsic dike complex approximately 500 m across. Both intrusive phases have anomalously high Wand Mo concentrations of about 100 ppm and 50 ppm respectively, which Stewart (1983) attributes to a primary enrichment. The final stage of mineralization consists of a prominent 4.5 km by 1 km zone of 1 em to 1 m wide polymetallic sheeted veins centred on the felsic dike complex. The system is zoned from quartz scheelite-molybdenite-pyrite-blue-green beryl-jluoritebismuthinite veins in the core to Pb-Zn-Ag veins with abundant arsenopyrite and minor Sn (approx. 0.1%) in the northeast. The focus of recurrent intrusive and hydrothermal activity was located above a flank or nose of the monzogranite stock.The distribution of WO3 and MoS2 grades within the approximately 750 m (across) by 300m (evaluation depth) mineralized zone is a result of the variable superimposition of the four separate vein systems each with different W:Mo ratios. Well-defined Wand Mo ore, shells such as those at Climax, Henderson and Mt. Emmons did not develop at Logtung. The upper surface of the mineralized zone, as shown by the 0.03% MoS2 contour defines an elongate dome with an apical region approximately coincident with the felsic dike complex. Hydrothermal alteration occurs as well-defined vein selvages, and not as pervasive zones.The Logtung deposit shows many similarities to porphyry Mo deposits in the western Cordillera and may be identified as a porphyry W(scheelite)-Mo deposit, with a W:·Mo ratio of 3.3:1. The principal reasons are: (1) mineralization is spatially associated with porphyritic granitic intrusions and (2) much of the scheelite and molybdenite occurs in typical ""porphyry-style"" vein stockworks"

Jan 1, 1995

By A. Cabañas

"In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned.A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view. IntroductionThe copper price traded in the London Metal Exchange is a relevant parameter for defining macroeconomic policies of producing countries like Chile. It is also a key factor for the mining companies, since fluctuations in the sell price affect the expected financial flows. Due to the amount of money involved in decision-making, it is necessary to have accurate forecasts of the future copper prices and to quantify the uncertainty associated with such prices.This paper focuses on the annual copper price estimation in the short and medium terms, i.e., from one to five years into the future. Henceforth, the word “estimation” will be used as a synonym of “forecast,” according to the geostatistical jargon (Matheron, 1989).Two main approaches, based either on statistics or econometrics, are currently used to forecast commodity prices, but both of them are not very accurate when applied to copper. First, the main methods are briefly reviewed, then the geostatistical formalism will be presented. So far, the latter approach hardly has been used to estimate commodity prices, although it may reconcile both statistics and econometrics via (1) the use of a stochastic approach and (2) the handling of ancillary variables related to the copper market. Another advantage of geostatistical techniques is the ability not only to forecast the copper price, but also to measure the uncertainty associated with it."

Jan 1, 2004