By William Black (Auth.)
ISBN-10: 1855733463
ISBN-13: 9781855733466
This looseleaf handbook presents a wealth of knowledge on an that, until eventually lately, was once hugely secretive. not like conventional industry stories, it examines each element of the from exploration, mining and extraction via to creation tools, purposes, pricing and buying and selling
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Sample text
Ideally, this should account for the bulk of the revenue and pay for working costs and capital. The other metals are therefore a bonus and do not affect the feasibility of the project. Instead they provide a degree of protection against a fall in the price of the major metal. When a project is planned on the income of several metals it may find itself more vulnerable to a downturn in the price of one or more of the metals. Several examples exist of companies starting up only to collapse when the prices of one or more minor metals fell from record highs.
The Upper Group 2 reef has the highest grade and as the name suggests lies closest to the surface. This makes it economical to mine under current circumstances. The UG2 reef lies between 50 and 200 metres below the Merensky reef and also outcrops on the surface at the eastern and western ends of the BIC. The reef is easily identified from the surrounding rock as it occurs as a black band. The reef averages 900 mm thick with the platinum group metals concentrated at the top and bottom. Chromite accounts for between 60% and 90% of the reef.
Not all of these nickel sulphides contain platinum group metals and of those that do the ratios and concentrations vary. Some areas are richer in platinum while others are predominantly palladium. Overall the average grade is 1 gram per tonne. In the 1890s small quantities of placer platinum have been mined in the Tulameen district of British Colombia. The area was briefly an important centre for gold mining but exploration has failed to find significant deposits of either gold or platinum placers.
The Platinum Group Metals Industry by William Black (Auth.)
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