Search Documents

By M. Fafard, D. Picard, J. -F. Bilodeau, G. Soucy

To simulate adequately the behaviour of a Hall-Heroult electrolysis cell, a finite element model must take into account the properties of each material. However, it has some lacking knowledge on the mechanical behaviour of materials, like the long-term visco-elastic (creep/relaxation) behaviour of cathode. A three-dimensional model is then proposed in this paper and will be ready to be implemented in the finite element code FESh++. The model was developed using the three-dimensional model based on thermodynamic of irreversible processes where the choice of the internal variables is based on a phenomenological approach. All parameters of the model are represented by constant constitutive tensors and the temperature and chemical dependencies are taking into account through scalar functions multiplying the constant constitutive tensor. The goal of the first part of this project was to determine the parameters of the threedimensional visco-elastic model at the reference state (virgin material at ambient temperature) of three different cathode materials. This paper presents the theoretical model and the results of creep tests at ambient temperature for the semi-graphitic carbon cathode.

Jan 1, 2006

By Peter Van-De-Velde

"The results of applying Japanese pumping technology to North American reclamation projects will be discussed.IntroductionEconomic high-density mineral reclamation and subsequent transportation of solids through a pipeline presents many formidable engineering problems.In North America where space has rarely been a facto r, industry has generally relied upon the traditional dumping of material into various waste ponds, etc . In Japan, where confined geographies and stringent environmental regulations are enforced, alternative solutions for disposal or reprocessing of waste material had to be found.High-density mineral reclamation system designed by theoretical formulas is almost impossible because solids composition, i.e. concentration, velocity, moisture content, solid size, etc. can only be controlled within a broad pumping range.Traditionally this has restricted dredging of material to relatively dilute slurries whereas it is usually preferred to reduce water usage with its associated power and reclamation costs to a minimum and reclaim as high a concentration as possible.At Toyo Pumps North America we recognized these pumping limitations and began to develop and manufacture a range of standard and auxiliary equipment that would exceed these technical restrictions."

Jan 1, 1985

By W. B. Boggs

This is a rather comprehensive subject and cannot be thoroughly covered in the short rime allowed for its presentation. This article will touch only upon a few of the chief points of the difficulties encountered in recovering copper from brass shell cases in a primary smelter which was not designed to treat scrap metals. Owing to the fact that the plant is at present (Dec., 1946) closed, and our tests were not completed, full details of the results are not available. As is well known, most primary smelters are situated near the mines in the interior of various countries and are not close to seaports or large industrial and railway centres. Consequently, iris unusual for a primary smelter to be asked to treat scrap metal of any kind. When so required, iris obvious that the primary smelter is at a great disadvantage, for the simple reason that it probably has to pay the freight on the scrap from the seaport or industrial centre to the smelter and then also pay the freight on the recoverable metal from the smelter to the refinery, or seaport or industrial centre. Another disadvantage is that a primary smelter is not equipped to sample and unload the scrap nor bas it usually the equipment adaptable for treating the scrap efficiently, as the plant bas been designed to handle large tonnages of ores and concentrates. This short paper will describe some of our difficulties> and how they were corrected. However, it might be advisable to state briefly some of the methods used in treating brass shell cases in other plants. In the first place, a brass plant producing new brass- especially those producing brass billets for extrusion to make brass tubes or rods, or to be drawn into wire, or making brass cake to roll into brass sheets- generally insists upon using new electrolytic copper and zinc and is opposed to using any scrap or secondary brass . Consequently, such a plant usually will not treat brass shell cases. Therefore, the usual procedure is to ship brass shell cases to a secondary smelter, where it is generally sorted, melted, fire-refined, and returned to the market in the form of a high or low brass ingot which can be sold to brass foundries for making brass castings. This evidently is the cheapest and simplest method. Another method is to ship to a smelter which is a combination of a primary and secondary smelter attached to or near an electrolytic refinery. In plants of both these types, that is a primary smelter with Cottrell dust collectors or a combined primary and secondary smelter with Cottrells or a bag house, the zinc may be wasted. However, if a bag house is used, some of the zinc is recovered, but it is usually contaminated with other metals and further processing is required to recover it.

Jan 1, 1947

By Irving Wigden

The world is fast becoming information based. Mine companies migrate business infrastructures to be handled electronically. Suppliers move onto the worldwide web. In this ?e-world? successful suppliers will recognize they no longer trade in just equipment, but in knowledge. Companies can no longer just provide products and services, but instead must find ways to harness their knowledge to provide new value for customers. Mine customers will be attracted to suppliers that can help them streamline the process and use Information Technology to optimize operations, increase profit, reduce cost and enhance shareholder value. With the continued move to industry standard communications and software platforms, technology that formerly stood alone can now be integrated with other technologies. This creates more powerful systems that mine operators can use quickly, easily and cost effectively. These unified architectures improve productivity, provide higher asset optimization and allow more informed decision-making. As a leading supplier of process automation solutions for the industry, ABB provides a dynamic range of such control systems. These systems are designed for instrumentation controls, variable speed drives, electrical distribution, electrical equipment and related services for Mine Automation. Enhanced by ABB´s new family of integrated software solutions ? collectively known as Industrial IT ? ABB´s control and Scada systems place you in the best position to optimize your plant, process and enterprise operations. The paper discuss system integration and installation of High-Tec system in an underground mine. ABB has the ambition to be a System Integrator and co-operate with partners in different areas of technology. To day it is a problem to find one Supplier that can be responsible for the complete Automation System. The design of the system is also much depending of the design of the mine and also which caving procedure that is used in the current mine. Much of the work must be done in a feasibility study and during the design phase. If there is careful planning and consideration during these phases is vital in order to avoid costly changes during the commissioning phase The paper will also include a presentation of the benefit of using Automation in an Underground Mine, and how important the integration of the Human Being is to the Automation System. The most profit gained in mining industries are received when the mines can reduce internal and external disturbances in the production flow and speed. Must of the experience and discussed in this paper is from advanced technology, that has been developed in Scandinavian and adopted of LKAB in Kiruna. The author of this paper has been responsible för the Automation projects in the Kiruna Mine during 1994 - 1999. These projects include: Broadband communication of data, audio, compressed video in one data stream. Control System for Haulage -1045m Automation of Load Haulage and Dumping machines (LHD) Control of Production Drilling Riggs from a Central Control Room.

May 1, 2002

By Irving Wigden

The world is fast becoming information based. Mine companies migrate business infrastructures to be handled electronically. Suppliers move onto the worldwide web. In this ?e-world? successful suppliers will recognize they no longer trade in just equipment, but in knowledge. Companies can no longer just provide products and services, but instead must find ways to harness their knowledge to provide new value for customers. Mine customers will be attracted to suppliers that can help them streamline the process and use Information Technology to optimize operations, increase profit, reduce cost and enhance shareholder value. With the continued move to industry standard communications and software platforms, technology that formerly stood alone can now be integrated with other technologies. This creates more powerful systems that mine operators can use quickly, easily and cost effectively. These unified architectures improve productivity, provide higher asset optimization and allow more informed decision-making. As a leading supplier of process automation solutions for the industry, ABB provides a dynamic range of such control systems. These systems are designed for instrumentation controls, variable speed drives, electrical distribution, electrical equipment and related services for Mine Automation. Enhanced by ABB´s new family of integrated software solutions ? collectively known as Industrial IT ? ABB´s control and Scada systems place you in the best position to optimize your plant, process and enterprise operations. The paper discuss system integration and installation of High-Tec system in an underground mine. ABB has the ambition to be a System Integrator and co-operate with partners in different areas of technology. To day it is a problem to find one Supplier that can be responsible for the complete Automation System. The design of the system is also much depending of the design of the mine and also which caving procedure that is used in the current mine. Much of the work must be done in a feasibility study and during the design phase. If there is careful planning and consideration during these phases is vital in order to avoid costly changes during the commissioning phase. The paper will also include a presentation of the benefit of using Automation in an Underground Mine, and how important the integration of the Human Being is to the Automation System. The most profit gained in mining industries are received when the mines can reduce internal and external disturbances in the production flow and speed. Must of the experience and discussed in this paper is from advanced technology, that has been developed in Scandinavian and adopted of LKAB in Kiruna. The author of this paper has been responsible för the Automation projects in the Kiruna Mine during 1994 - 1999. These projects include: Broadband communication of data, audio, compressed video in one data stream. Control System for Haulage -1045m Automation of Load Haulage and Dumping machines (LHD) Control of Production Drilling Riggs from a Central Control Room.

May 1, 2002

By E. Gervais

"In today's marketplace, heavy competition between materials is the norm. This is particularly true f or the base metals, which are being increasingly challenged by new or improved materials in all traditional applications. Current usage of base metals results from a combination of a metal's intrinsic properties, and technology. The future of the base metal industry rests with innovative, high-quality product development, its ability to take advantage of the results of worldwide, massive material R&D investments, and with the dynamism and effectiveness of its market development programs.The ZA casting alloys program is an illustration of the zinc industry’s efforts to protect and expand its market position in the casting field through state-of -the-art technological developments. The market potential f or these advanced engineering alloys is substantial, and their impact on traditional zinc die casting alloy consumption is particuarly important. The ZA alloys, in offering increased performance through zinc castings produced at low cost and by a wide range of moulding processes, have unlocked a multitude of new end-use applications.Following a review of the development of ZA alloys, of their key properties and of their performance characteristics, the numerous challenges that the alloys present to the zinc industry and to the R&D community are discussed.IntroductionZinc is anodic to steel and has a low, uniform rat e of corrosion; it has a low melting point, can be cast with precision , and is readily finished. In addition to its use in protecting steel and in the production of a wide range of castings, zinc is employed : (1) to produce brass, high-strength aluminum alloys and magnesium die casting alloys, (2) in the wrought state for coinage and in building products, particularly as roofing materials , and (3) as an oxide, in the rubber industry, in ceramics, glass, cosmetics, pharmaceutical products and as the starting materials for many chemicals.Zinc die castings are produced with accuracy at high speed, at low cost, are easily finished and have excel1ent mechnical properties . Car fuel economy, changes in automobile styling, competition from other materials, increased sophistication of design and miniaturization have all led to a dramatic change in the volume of zinc consumed for die-casting applications. This has been particularly notable in the United States. Throughout the 19505 and the I960s, casting was the fastest growing major use of zinc; it was firmly established, accounting for 35% of the total zinc consumption(1), By 1983, the volume of zinc being purchased for casting applications had dropped to less than 20% of all zinc consumed in the United States. In the western world(2), consumption for zinc casting application s is currently at about 15%; being nearly equal to the zinc consumed by the brass industry. Coating applications dominate with a consumption of more than 40% of the total market."

Jan 1, 1987

By Somasundaran P., M. Vasudevan, Z. Dai, D. R. Nagaraj, T. Bhambani, P. Patra

Historically, efficient beneficiation of ultramafic ores has been challenging, partly due to a lack of clear scientific understanding of the effects of Mg silicates, particularly fibrous serpentines, on selective Ni recovery. Recent research at Columbia-Cytec as a part of a Vale JDP project has led to new insights into the mechanistic aspects of the adverse effects of Mg silicates. Our research has provided strong evidence to support the hypothesis that the adverse effects of Mg silicates are mediated through their large influence on pulp rheological properties, far more than any other pathway. The severity of the effect of Mg silicates is predominantly dependent on the aspect ratios of Mg silicates. For example, the pulp viscosity increases dramatically with increase in the fibrous nature of the gangue mineral leading to poor Ni separation. Various ways by which the suspension rheology affects flotation sub-processes, with implications for remedy are discussed. The insights and results have served to develop (or construct) a phenomenological model to adequately explain all of the ore flotation data, particularly the Mg silicate transport to the froth phase and the concentrate.

Jan 1, 2011

By A. J. DeArdo

Linepipe steels have come a long way in the past forty years. In fact, modern, high strength steels for large diameter linepipe applications represent one of the seminal accomplishments in metallurgy of the past half-century. The synergy of advanced steelmaking, alloy design including microalloying, hot rolling, and interrupted accelerated cooling has led to the marvelous steels being used today. The drive for higher performance pipelines has been motivated by the energy sector of our global economy who wanted both higher throughput capacity, i.e., larger diameters and higher pressures, and lower material cost, i.e., relatively thinner gauge wall thicknesses. These requirements led to new steels with higher strengths, better toughness and improved weldability. The goal of this paper is to trace the evolution of linepipe steels from the X60 grades of the small diameter pipelines of the 1960s to the (X80 - X120) grades used in the large diameter pipelines of today. The metallurgical triumphs permitting this success story, e.g., clean steel practices, controlled rolling, microalloying with Nb, and using IAC to obtain low temperature transformation products, will be highlighted and discussed.

Jan 1, 2005

By Patty Simpson, Sarah Benson

In an effort to improve consistency across the nuclear industry, over the past 10 years the Canadian Standards Association has developed a series of standards related to environmental management at Class 1 nuclear facilities and uranium mines and mills. Canadian uranium mines have been required by the Canadian Nuclear Safety Commission to align their existing monitoring programs with these standards. Orano’s McClean Lake Operation’s monitoring program, which was originally presented in the Environmental Impact Statement in 1991, has evolved through regulatory change, new scientific understanding, additional projects, and experience into a comprehensive set of monitoring requirements for effluent, groundwater, air emissions, and the receiving environment. The exercise of aligning the existing practices with the standards provided an opportunity to review and rationalize the entire program. To document the process the original “Environmental Monitoring Program Design Document” was restructured and developed as both a repository for historical information and monitoring rationalization, and also to be a living document describing on-going studies and supplementary work that are outside of the regular environmental monitoring program and may justify future changes to the program.

Jan 1, 2020

By W. G. Jewitt

Introduction The use of the aeroplane in prospecting is already familiar to everyone connected with the mining industry. Apart from transportation companies, three organizations, the N. A. M. E., the Dominion Explorers, and the Exploration Department of the Consolidated Mining and Smelting Company, have made the aeroplane an everyday feature in every mining district in Canada. Its use has been demonstrated successfully in the mountains of British Columbia, but perhaps its greatest field lies in the Canadian Shield, where the numerous lakes and rivers afford an almost continuous series of landing places for aeroplanes, on floats in the summer and on skis in the winter. To the man who has travelled by canoe, toiling over fly-infested portages or held for days at a time, wind-bound, on the big lakes, the ease, speed, and cheapness of aeroplane travel have marked the beginning of a new era, in which ground previously covered with difficulty in a month or more is travelled with ease in a few hours. Development of an air service in the Consolidated Mining and Smelting Company has proceeded on different lines from those of other organizations, and this paper is concerned with that development.

Jan 1, 1931

By D. H. Schwarz

The performance of proton exchange membrane (PEM) fuel cells depends on catalyst layer composition and structure. Experimental observations reveal that state-of-the-art catalyst layers consist of microporous agglomerates of carbon-supported catalyst sites bound together by polymer electrolyte. In between the agglomerates are macropores which provide pathways for the transport of gaseous reactants. In this work, three-dimensional, multicomponent and multiphase transport computations are performed using a computational fluid dynamics (CFD) code (FLUENTTM) with a new PEM fuel cell module, which has been further improved by taking into account the detailed composition and structure of the catalyst layers using a multiple thin-film agglomerate model. In this model, it is assumed that thin films of polymer electrolyte and liquid water surround the catalyst sites. The results of CFD computations show that transport limitations associated with the thin film of polymer electrolyte and the presence of liquid water in the catalyst and gas diffusion layers have substantial negative effects on PEM fuel cell performance. Also, the results of computations with variable distributions for a given precious metal loading show that, in general, uniform catalyst loading provides the best fuel cell performance.

Jan 1, 2005

By D. Chadwick, J. W. Matousek

Between 1860 and 1890 -- from the time of the American Civil War to the last decade of the 19th Century -- nickel production in North America was dominated (even monopolized) by the output of the industrial complex of the Gap Nickel Mine near Lancaster, Pennsylvania and the American Nickel Works in Camden, New Jersey. In some years, from one sixth to one third of the world's metallic nickel supply came from this enterprise. Mining and smelting were conducted at Lancaster; a matte of high iron content was shipped to Camden for pyrometallurgical and hydrometallurgical refining to produce nickel metal, copper sulfate, and cobalt oxide. The high purity nickel product was rolled into sheet for marketing, primarily for coinage, as nickel had few other uses at that time. The undertaking experienced all of the problems that face the mining and metallurgical industries of today: declining reserves, high labor and fuel costs, high transportation costs, fluctuating demand and prices, pollution concerns, and foreign competition. The technical features of the geology; the mining, smelting, and refining operations; and some of the economic aspects are assessed. The view is taken from that of the present time -- seeking those lessons from history that we are supposed to learn or face the prospect of repeating the mistakes of the past.

Jan 1, 2005

By O. Alonso-Gonzalez, F. Nava-Alonso, A. Uribe-Salas, R. Pérez-Garibay, C. Jimenez-Velasco

A current problem in gold production is the presence of copper minerals which dissolve during conventional cyanidation practice. The dissolved copper causes several problems in the different stages of the process. This issue is the base for copper elimination/recovery methods such as the Sulphidization, Acidification, Recycling, and Thickening (SART) process, which is currently used in gold production plants around the world. Even though the process is well established, new challenges appear as the composition of the solution varies from ore to ore, in some circumstances affecting the performance of the SART process. This work presents a thermodynamic study and experimental tests performed to understand the role of the initial copper concentration and sulfur addition, on the efficiency of the copper removal. For a constant cyanide concentration, an increase in the initial copper concentration causes a decrease in copper removal; high sulfur/copper molar ratios favor copper removal. We demonstrated that the cuprous sulfide formed from solutions with high ionic strength, presents better sedimentation rates than solutions with less ionic strength. For solutions with low sedimentation rates, the use of some pretreatment is necessary to facilitate the sedimentation such as addition of flocculants, particle recirculation and the used ultrasonic pretreatment.

Jan 1, 2014

By George McIsaac

This paper discusses the formulation of a linear program with the objective of maximizing the cash flow of the long-term plan of an underground operation. A mine is split into eleven independent ore zones, each characterized by its reserves, required development and mining method. Based on practical considerations, maximum rates are set for each zone?s development and production capacity. As for the total mine plan, a minimum daily production rate is set along with a minimum feed grade to the mill. A maximum number of development metres per day is set based on the equipment and labour available. Proven and probable ore is mined preferentially over possible ore in the early years of the plan. Furthermore, the fixed cost of operating the mine is taken into consideration whenever mining activities take place. Once the linear program is solved, it can be critically reviewed, and unrealistic results can be identified. Some resource allocations constraints can then be changed in certain sectors, and new results can be analysed. What-if scenarios can also be examined, such as determining the impact of hiring a contractor to develop a given sector, or dropping an ore zone completely from the plan.

May 1, 2003

By Abani R. Samal

The Fe assay values from the diamond drill-holes within a magnetite deposit of magmatic origin are utilized in this study. Only assay data from the unoxidized magnetite mineralization was utilized. The data from the overlying hematite mineralization zone was not used. A threedimensional block model estimated using ordinary kriging (OK) is used for analysis purposes. To estimate the non-linear standard deviations (s) and the confidence intervals (CI) of block estimates a discrete Gaussian variogram model is used in this project. The change-of support coefficient (rv) and the block-support correction are used in the ?block-anamorphosis?. A new calculated value of rv is 0.7283, implies that its influence in the block-anamorphosis is not significant. The CIs are calculated from the block-gaussian variables; then back transformed to the raw values. At 95% probability, the CI for the kriged block estimates of Fe values are calculated using Gaussian kriged estimates of the Fe and the corresponding standard deviations (Gaussian). The results indicate that the block estimates with a high influence from relatively small amount of samples can be identified as high-risk estimates.

Oct 1, 2009

By S. Koski, M. Schmalzel, D. A. Jacobson, S. Crosby, P. Cook, M. Mular

"Mining operations, whether new or existing, are constantly looking for ways to maximize production and improve energy efficiency, while keeping the footprint required to a minimum. The Nordberg MP1250 cone crusher was designed with these three goals in mind. A series of side-by-side evaluations comparing an MP1250 to an MP1000 were completed at two Freeport-McMoRan operations. The first evaluation began October 2009 in a tertiary position and the second began March 2010 in a secondary position, where it remains in full production today. Utilizing 25% higher power capacity than the existing MP1000 tertiary crushers, the MP1250 had 29% higher capacity and 17% lower specific energy, adjusted for differences in feed and product size. The MP1250 compared to the existing MP1000 secondary crushers achieved 30% higher capacity at a slightly reduced specific energy, while achieving a finer product.The MP1250’s higher capacity and energy efficiency may have application in many crushing plants. Depending on site specific economic factors, greenfield projects may benefit from a smaller footprint and less ancillary equipment, whereas brownfield projects may benefit from higher capacity or a finer product within the same footprint."

Jan 1, 2012

By S. Itoh, T. Nagasaka, J. Ono

With respect to the recycling of used lead-batteries, a pure lead is required to prepare a lead-calcium alloy electrode for a new maintenance-free battery. The pure lead can be obtained by means of electrolytic and/or pyrometallurgical refining. In the lead electrorefming, antimony is concentrated in anode slime. From the viewpoint of the recycling and recovery of metal values from used lead-batteries, especially from anode slime, oxidation experiments were conducted for pure liquid antimony in the temperature range between 973 and 1373 K to elucidate the oxidation kinetics and mechanism. Furthermore, since lead anode slime generally consists of antimony, lead and bismuth, experiments have been also carried out using antimony-lead-bismuth alloy. The equation relating to the mass transfer characteristics in the gas phase was then applied to analyze the oxidation kinetics. As a result, it was found that the anode slime treatment, that is, an oxidation of antimony concentrated in anode slime followed by vaporization as antimony oxide Sb406, should be operated with higher oxygen partial pressure and sufficient amount of gas flow rate at lower temperature around 1073 K. The feasibility of the oxidation treatment for anode slime has been also discussed.

Jan 1, 2004

By G. L. Palmer

"In 1986, anomalous sampling results for heavy minerals were obtained at various sites in Namaqualand on the west coast of the Cape Province. Drilling in 1987 at Graauwduinen penetrated up to 35 meters of heavy mineral-bearing Tertiary sands which extend several kilometers inland from the coast. The heavy mineral suite includes ilmenite, rutile, leucoxene, zircon and monazite, along with gamet, pyroxene and amphibole. Three deposits are recognized, two of which comprise the resource to be mined by Namakwa Sands Limited, a recently formed Anglo American Corporation subsidiary company.Mineable reserves in excess of 500 million tonnes have been delineated, sufficient to sustain mining for over 35 years at projected production rates. During the feasibility study, on-site investigations included test mining at various sites to assess rnineability and to provide material for metallurgical testing in a pilot plant located at the site. llmenite produced at the mine will be smelted at a new facility to be built at Saldanha Bay. Saleable products comprise titania-rich slag, pig iron, zircon and rutile.During the exploration phase, company environmental guidelines were established and monitored. The feasibility study incorporated a Class 1 Environmental Impact Report, the contents of which were made public following the principles of the Integrated Environmental Management legislation."

Jan 1, 1994

By Kristie D. Tarr

Ideally, in situ monitoring would supply the input data for numerical modeling of backfill material property requirements. However, clue to production requirements and costs of conducting field tests, input data are often based on small-scale laboratory tests. The size of test samples is known to play an important role in the laboratory assessment of the behaviour of geotechnical materials, including backfill. There are observed differences between the mechanical properties of laboratory-scale samples and those of in situ materials, and these are generally attributed to the differences in scale. Various scaling factors have been proposed for converting laboratory observations to anticipated in situ conditions for soil and rock materials. With regard to mine backfill, very limited studies exist which have involved the effects of sample size on material properties. The literature indicates that reported backfill strength data are based on a variety of test sample sizes and in some cases, specimen geometries. Carefully determined laboratory scale effects could play an important role in estimating the potential backfill behaviour in the field, especially when developing new backfill systems. Laboratory studies were conducted with sample diameters ranging from 50 to 300 mm. Scale factors relating specimen size to strength were developed wherever possible, and are presented in this paper

May 1, 2008

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