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By M. M. Austin

PURE metallic tantalum, from a practical standpoint, is one of the newer developments in the metal field. Although it was used as filament in incandescent lamps in 1906, only within the last five years has the metal been available in sufficient quantity and suitable form for more general application. In addition to corrosion-resisting properties and high melting point, the metal has an ability to withstand unusual amounts of cold working. It affords some striking demonstrations of block movement during plastic flow.

Jan 1, 1930

By H. R. Wenk

This paper describes a workshop on deformation mechanisms and texture development in rocks. Empahsis is on relating macroscopic mechanical properties with microscopic structures and the methods of their quantitative analysis.

Jan 1, 1982

By H. L. Tedrow

FACED with a scarcity of labor in its operations at Alma, Colo., the London Mines and Milling Co. has been employing women for several months in its sorting and crushing plant. The results so far obtained indicate that women can be used successfully and to good advantage on a number of various jobs around the surface plant of an ordinary mine. Eight women are now employed as sorters to pick waste out of the ore as it passes by them on a sorting belt. After a short period of breaking in they have become adept at their work and are doing better work than that formerly done by the class of labor obtainable. They are continually warned and instructed, particularly from the standpoint of safety and their physical strength.

Jan 1, 1942

By L. Hartsell Cash

INTRODUCTION Created in 1944 to help rebuild those economies, principally in Europe, which were seriously damaged or destroyed during the Second World War, the World Bank--or to use its correct name, the International Bank for Reconstruction and Development-began its operational phase by making a loan to the Government of France to accomplish two tasks: (i) to import coal for space heating purposes; and (ii) to buy new machinery and equipment to help rehabilitate its coal mines. Once the thrust of reconstruction in postwar Europe was largely accomplished, the World Bank Group (for today the World Bank has three separate lending windows) turned to mobilizing funds to improve living standards in developing countries, which remains its primary goal today. Over this period of time, the World Bank Group has continued to assist the world mining industry in various ways and, since 1955 the World Bank Group has financed mining or mineral processing projects with loans/credits totalling $1.5 billion. The World Bank Group consists of two institutions--the World Bank itself and the International Finance Corporation (IFC), which was founded as a separate institution in 1956 and three separate lending windows--the World Bank, the International Development Association (IDA), and IFC. The World Bank loans are provided at commercially-related interest rates but have grace periods usually of up to 3 to 5 years and repayment periods ranging from around 15 to 20 years. Since the World Bank raises its operating funds on the international capital markets in varying currencies and in varying interest rates, it relends a basket of currencies at floating interest rates which are fixed every six months to reflect the Bank's own borrowing cost. At the present time, the interest rate is just below 10% per year and in addition, a one-time front-end fee of 1/4 of 1% is charged. Also, a commitment fee of 3/4% per year is charged on the undisbursed amount of the loan itself. For loans to industrial and mining projects, it is normal to charge an additional guarantee fee of 1 to 1.5% in addition to the annual interest rate. This guarantee fee is payable to the government of the country in which the project is carried out since, by its charter, the World Bank is required to have the guarantee of the host government for each loan made in a specific country. By far the greatest source of lending funds within the World Bank Group is that of the World Bank itself and for the fiscal year ending June 30, 1984, the World Bank approved loans totalling $12 billion. The second lending window within the World Bank Group is IDA which performs the same functions as the Bank itself and has the same staff. Nevertheless, its loans (called credits) are made on much softer terms and are made to the poorest nations only. IDA funds are subscribed by the wealthier countries, usually as grants, and these are relent as credits to those countries with the lowest per capita income. IDA credits are made for 50 year periods, including 10 years of grace, to the government itself. The credits are interest free, but there is a service charge of 3/4% per year on the amount withdrawn and outstanding to defray the administrative costs of IDA. Credits approved during fiscal 1984 totalled $3.5 billion. The third lending window is IFC. While IFC is a separate corporation and operates quite separately from the World Bank and has its own staff and regulations, it works very closely with the World Bank on its overall approach to the mining sector and to a particular country. IFC's mission is essentially to supply venture capital and to stimulate development of the local private sector in capital markets as well as to promote the international flow of private capital to developing countries. Unlike the World Bank and IDA, the IFC does not lend directly to governments

Jan 1, 1985

By C. Augustus Carlow

THE subject which has been allotted to me is so vast and far-reaching that it is impossible to deal adequately with it in the time available. A complete survey would occupy the spare time of any one man for many years, whereas the time available to me is measured in weeks In the circumstances, I have been fortunate in securing the aid of several willing collaborators, and shall endeavor to re present such information as presently exists in published form, examine the situation critically in the light of present-day conditions, and arrive at certain conclusions' which I shall venture to put forward for your consideration No one who has lived through the past 25 or 30 years, and who has witnessed the amazing achievements of recent scientific research, would venture to deny the possibility that new sources of energy-may yet become available, or to prophesy to what extent these may be harnessed to the service of mankind So far as we can see, however, coal, as a source not only of power and heat but also of that wonderful range of derivatives that form the raw materials of so many industrial processes, must continue to play a vital role in our economic life It is the chief mineral fuel, exceeding all other mineral resources in value, production and demand In value coal overshadows the industrial metals, while of the sources of energy-coal, oil, gas and water power-the first named is the most important Thus, for example, in the United States, coal as a fuel (that is, as a source of heat and power) is still predominant, the figures of percentage of

Jan 1, 1947

By AIME AIME

MANY of the important papers to be presented at the World Congress of Engineering at Tokyo, in November, 1929, are being furnished by members of A.I.M.E. and a list of them is given below: "Fifty Years of Physical Metallurgy,,-by H. M. Boylston, Case School of Applied Science, Cleveland, Ohio.

Jan 1, 1929

By Arthur Zentner

THE essentials of the electrolytic zinc process, as now used in commercial plants, date back to work done by Letrange in 1881. He used sulfuric acid to leach roasted sulfide and ,oxide ores, purified his solution very much as we do now, and electrolyzed the purified zinc sulfate solution. Ten years later Hoepfner developed a process using chloride solutions, and built three plants. One in England operated until 1924 in one of the works now merged in the Imperial Chemical , Industries, Ltd. Ashcroft built a plant in 1898 in the Broken Hill district of Australia. He used both chloride and sulfate solutions.. While his work failed, the aid his published results have been to later workers has made him an outstanding contributor to the de- velopment of the electrolytic zinc process. A good deal of work was done in the following years, aiming to electrolyze zinc chloride solutions and fused zinc chloride. Quite a bit of work on sulfate solutions was also done in the last years before the war. With the outbreak of the war, metal demand and rise in metal prices provided the stimulus which resulted in the remarkably rapid commercial development of electrolytic zinc. In this last period of development, all the work brought to commercial fruition has been with sulfate solutions. The high-density process, or the Tainton process, is used, as you know, in the Sullivan electrolytic zinc plant at Kellogg, Idaho, and will be used in the Evans- Wallower plant now being built at East St. Louis. The low-density process is used by the other plants now operating in the United States and other countries. There are now in operation and under construction four electrolytic zinc plants in the United States, two in Canada, two in Italy and one each in Australia, Rhodesia, Poland, Norway and Germany.

Jan 1, 1929

By Robert B. Fulton

It is a pleasure to talk to you about the world economics of industrial minerals on this occasion of AIME's 100th anniversary. In order to fit this topic into the time and tenor of such a session as this where you are hearing subjects equally broad in scope one after the other, I will deal with the subject through the medium of eight minerals selected to illustrate import- ant economic factors. I must admit to some bias in the selection, since I picked personally familiar ones to elucidate facts of life in the industrial minerals business. It is a very interesting field, different in many respects from metals and certainly far different from petroleum. The minerals chosen are celestite, diamond, fluorspar, salt, sulfur, ilmenite, rutile and zircon. Celestite The market for celestite is mainly in the U. S. where it is consumed in the manufacture of strontium compounds for red-colored flares and other pyrotechnics, for the production of electrolytic zinc, for glass manufacture, and for the manufacture of ceramic ferrites. Smaller markets exist in Europe and Japan. Production comes from England, Mexico and Spain, and a new mining operation is being started in Nova Scotia. There is no significant production in the U. S. nor in the other principal consuming countries, except England; so it is mainly an international commodity. Celestite illustrates many of the factors important in the economics of industrial minerals. To have a marketable product, grade and freedom from deleterious elements are important for materials used by the chemical industry. In the celestite used to make strontium nitrate, calcium is the most objectionable of the commonly associated cations. Selling price is adversely affected because nitrate manufacturing costs are greatly increased if calcium is pre sent, hence less can be paid for the raw material. Meeting specifications can add significantly to the vendor's cost; hence a balance must be struck between the producer's capability and the consumer's requirements, permitting a reasonable profit for both. Sizing of industrial mineral products is often important to the consum-

Jan 1, 1971

By AIME AIME

THE World. Engineering Congress closed as it opened, with a brilliant and dignified ceremony. On Oct. 29, 1929, there were hearty speeches of welcome and of hope for the successful issue of this international gathering; on Nov. 7, the farewells were even more heartfelt expressions, and anticipation gave place to, realization. H. I. H. Prince Yasuhito of Chichibu, who had graciously opened the Congress; was unavoidably absent at the closing ceremony, being on duty with his command at the Army maneuvers, so that the principal speech was made by the President of the Congress, Baron Furuichi. The outstanding statistics of the meetings were: an over-all attendance, delegates and members, of 800 from overseas and 2800 Japanese 83 sectional meetings, all. meetings having practically capacity attendance, this being especially true of Section 11, mining and metal¬lurgy, where standing room only was commonly the rule; and 780 papers were presented, in full or in abstract or by title. H. I. H. Prince Chichibu attended each section on Oct. 31. The large attendance of Japanese students was notable at most sections.

Jan 1, 1929

By Warren B. Davis

Introduction If a subject this broad were to be covered in even moderate detail, it would require a set of books about the size of an encyclopedia. Since an acceptable length for this paper is a small fraction of one book, it will have to consist of a few samples of the subjects that I think are the most pertinent to World Fossil Fuel Economics. I plan to discuss the trends in world energy demand, particularly in the U. S. and Europe; the consumption patterns and cost patterns of oil, gas and coal; the prospects of synthetics; and some of the effects of government regulation of fuel economics. World Energy Demands Fig. 1 shows Free World energy consumption by principal areas for the period from 1950 to 1970 and a forecast for the period from 1970 to 1985. These figures include only the measurable forms of energy. An example of energy consumption that is not measured is the wood a peasant might cut in the forest and bum in a fireplace to heat his home. This omission probably is a very small part of the total. This forecast is not identical with that of Wayne E. Glenn (see Page 22), but the differences in total energy consumption are not significant. The U. S. consumption, which was 55 percent of the world total in 1950, had declined to 45 percent by 1970, and is expected to decline further to 38 percent by 1985. Western Europe has consumed 28 percent of the total from 1950 to 1970 and is expected to lose share slightly between 1970 and 1985. The most spectacular gainer is Japan, which increased consumption from 2.5 percent in 1950 to 7.5 percent in 1970, and is expected to reach nearly 17 percent by 1985. The over-all Free World total has grown from 62 quadrillion Btu (equivalent to 29 million B/D of crude oil) in 1950 to 151 quadrillion by 1970, an average growth rate of 4.5 percent/year. This total is expected to grow at a rate of 5 percent/year between now and 1985, reaching 315 quadrillion Btu (equivalent to nearly 150 million B/D). Fig. 2 shows which fuels supplied this energy between 1950 and 1970, and gives an estimate of how it will be supplied between 1970 and 1985.

Jan 1, 1971

By John J. Cioston

THE steadily rising flood of gold production from all parts of the world has created an avalanche of rumors regarding the stability of the present price of this metal. Markets have been unsettled from Johannesburg to London from New York and Toronto to Melbourne, despite repeated denials from, American and British authorities of any immediate intention to alter the price. Various economists and financial writers have blossomed forth with predictions that the price would be set at the old level of $20.67 per oz.; some have even been so brash as to state That a price of $15 would be necessary to bring production within control. These effusions, based entirely upon monetary theories and with no regard to production costs, serve to confuse rather than clarify the situation.

Jan 1, 1937

By George M. Humphrey

It is indeed a pleasure for me to have this opportunity to discuss with you a subject which I find infinitely interesting and intriguing - namely, world-wide iron ore supply and demand. We will be examining the following: (i) current iron ore production and requirements; (ii) the major ore producing countries; (iii) the seaborne iron ore trade; (iv) ore grades or types; and (v) future requirements. For those who may not be familiar with the iron ore mining industry, it may be useful to know at the outset that our industry has been plagued with overcapacity for the past seven years. The optimism which prompted substantial expansion of productive capacity in the early to mid-1970's has unfortunately proved to have been unfounded. I shall begin by describing where we are today as well as a little about how we got there. In the latter regard, it's not so much that historical knowledge will solve any of the industry's problems or provide clairvoyance with regard to the future. Rather it's a feeling on my part that some knowledge of the past will provide a useful perspective capable of enhancing our analysis of future trends. At the time of writing, the most recent year for which we have definitive world-wide iron ore production and consumption statistics is 1980. In that year the world consumed approximately 859 million metric tons of iron ore to produce approximately 510 million metric tons of primary iron consisting of 502 million tons of pig iron and 8 million tons of sponge iron. Crude steel production for the same period attained a level of 719 million metric tons. Because it is possible in today's world to produce steel without consuming iron ore simply by melting scrap, the key statistic insofar as iron ore demand is concerned is primary iron production. In 1980 the ratio of iron ore consumption to primary iron production was 1.68:1.00. The comparable ratio over the past seven years has varied from 1.63 to 1.87 and averaged 1.72:1.00. All the same, as a practical matter crude steel production and iron ore consumption tend to parallel one another closely, and for the time being a good rule of thumb is that to produce an average ton of crude steel requires 1.20 tons of iron ore. Let's turn our attention now to the regions where the 859 million tons of iron ore necessary to support 1980 world-wide iron and steel production were produced. Not surprisingly, most of the ore was produced in the same region where it was smelted. In round numbers 65% of the world's iron ore production is currently consumed in the same general region as it is produced, while 35% enters the seaborne trade and is transported in ocean vessels to a more remote consuming area. Approximately 85% of the world's seaborne iron ore trade is directed to the Western European and Japanese markets, both of which are almost entirely dependent on off-shore sources for their mammoth iron ore requirements. The following tabulation lists, in order, the twelve leading iron ore producing countries in 1980 as well as their percentages of total and free-world production; in addition their export potentials are presented. As a group these countries accounted in that year for 89% of world-wide production which stood at 871 million tons. Leading World Iron Ore Producing Countries [ ] One will first note that world iron ore production is dominated by the top four producers - namely, the U.S.S.R., Brazil, Australia and the U.S.A. - which together accounted for nearly 60% of total 1980 production. Of these four major producers the U.S.A. and the U.S.S.R. produce almost exclusively for consumption in their own regions, whereas Australia and Brazil produce primarily for the seaborne export trade. In fact Australia and Brazil accounted for about 50% of all seaborne iron ore trade in 1980! It is also interesting to note that Australia, Brazil, the U.S.A. and Canada accounted for nearly 60% of free world iron ore production in 1980. Once again the importance of Australia and Brazil shows itself, with their share alone of free world production reaching 35%. As has already been noted, a significant 35% of the world's iron ore production in the year 1980 was

Jan 1, 1982

By Waldemar Lindgren

IN spite of a world production of lead amounting to 1,300,000 tons, of which the United States produces slightly less than one-half, it appears that the mines at present are hardly able to supply the demand. For this there are several reasons. The lead deposits, geologically speaking, were formed comparatively near the surface under conditions of lower temperatures, with the richer deposits often residuary; that is, enriched by surface water, and consequently soon exhausted. Lead is practically absent from a great part of the world. The great Canadian shield, the eastern part of the Dominion, contains practically none. Scandinavia contains no lead. It is absent from geo- logical formations of great age, but does occur in large quantities in the deposits in the Rocky Mountain region. These deposits are, more or less directly, of igneous origin, but here, too, there is a tendency of the lead shoots to concentrate in the upper part, and when they go down the deposits turn to zinc-copper and some other metals. This is one of the best established facts of economic geology. The deposits of the Mississippi Valley district, from Kansas-Oklahoma, to Canada, are in comparatively accessible limestone beds, at a depth seldom more than 500 ft. Therefore, the lead is easily mined but more easily exhausted.

Jan 1, 1926

By J. G. Hall

Introduction When one thinks about world metal economics today, it seems to me he must go beyond the traditional factors such as exploration, discovery, economic feasibility of development, management, labor, and the application of technology. These elements have been and will continue to be very important, of course, in making available the resources that experts believe the world will require during the remainder of this century. There are, however, some new forces as well as new or different emphasis on some of the old factors that could materially affect the development of the world metal mining industries. For example, in my own company two of the most significant considerations affecting our economics today have to do with foreign political decisions and with environmental concerns here in the U. S. -both of which play a far more significant role in our economic considerations than they did as recently as 10 years ago. After a brief look at some historical data and some projections of probable future demands for the world's major metals, I shall then identify and comment upon some of the factors that I believe will have an increasing impact on the future of the economics of our industries. I do not have any magic solutions to the problems we will face; nevertheless, we in the mining industries of the world are going to have to cope with these matters and find satisfactory answers to the problems they will create. The Past Although the age in which we live has been described as the atomic age, the space age and the computer age, we are, in fact, living in a metals age, and we have lived in a metals age for a very long time. The discovery of copper smelting, for example, is placed at about 4000 B.C. Gold was used in a primitive way before that. Other metals - lead, silver, tin, iron and mercury - were discovered and used before 2000 B.C. In all probability, we will be dependent upon metals beyond the vision of anyone living today. In industrialized nations of the world, man's mode of living is based to a great extent on metals, and it is extremely unlikely

Jan 1, 1971

By Alan M. Bateman

POSSIBLE postwar trends of the more important world minerals will be determined in part by their present world position and by the acts and forces that have operated during the war period, so it is desirable first to review briefly what has been happening in the foreign field of metals and minerals. When we first entered this war we of the mineral profession were all acutely conscious of our lack of strategic minerals and other materials, which had to be imported in great quantities-minerals such as manganese, chrome, tin, mercury, nickel, and antimony. But we realized also that we had to acquire vast quantities of those minerals of which we had thought we were bountifully supplied. Our assumed domestic abundances turned out to be woefully deficient, and demands also arose for new minerals never before produced in large quantities. Some threescore minerals entered the strategic list of our imports. Ores from new sources had to be sought, developed, and transported. Tonnages in the millions of such bulk materials as zinc, lead, copper, chrome, and manganese flowed to feed our war efforts. Sparsely distributed minerals such as tin, mercury, antimony, tungsten, cobalt, mica, and corundum had to be lured from their rock lairs in greatly increased quantities to feed the hungry maw of war industry, and the rare minerals such as tantalite, columbite, beryl, and quartz crystals had to be developed and procured in quantities never before dreamed of. New uses such as radio and radar created demands for many minerals formerly thought of only as adornments of museum collections and not as pressing industrial minerals. Such minerals were never before mined in quantity.

Jan 1, 1945

By M. C. Manderson

Abstract-The sharp drop in world phosphate demand that took place in 1975, due to temporarily high prices, now seems to be reversing itself. And prices for both phosphate rock and phosphate fertilizers, which declined dramatically from their 1975 highs, now appear to be bottoming out. This recent price weakness has delayed new mining ventures that had previously been planned for completion by around 1980. While there is ample capacity to supply near-term rock needs, the stage seems to be emerging for a better supply-demand and price environment in the late 1970's and early 1980's.

Jan 1, 1978

By M. C. Manderson

The sharp drop in world phosphate demand that took place in 1975 due to temporarily high prices, now seems to be reversing itself. And prices for both phosphate rock and phosphate fertilizers, which declined dramatically from their 1975 highs, now appear to be bottoming out. This recent price weakness has delayed new mining ventures that had been planned for completion by around 1980. While there is ample capacity to supply near-term rock needs, the stage seems to be emerging for a better supply-demand and price environment in the late 1970's and early 1980's.

Jan 1, 1979

By Lewis Smith

CHROMIUM is one of the new metals, but considerable research has been required to determine an approximate record of its production from 1827 until the present. Its use in the form of pure metal is not extensive; of the chromite mined, about one-half is required for making ferrochromium, about two-fifths goes directly into refractories and the remainder is absorbed chiefly by the chemical trades. The industries that demand chromite for such uses are mainly in countries that produce little chromite, while the important chromite-producing countries are not generally consumers. The international flow of chromite is therefore of interest, as yell as the political and commercial control of resources of the metal.

Jan 1, 1931

By AIME AIME

T HE year 1920 will be a memorable one in the history of the world's coal supply. The prices reached were the highest of modern times, and as usually happens at such a time, the quality of the output deteriorated. In the last two years of the war, the world's output had risen close to the pre-war level. After the armistice, however, the cessation of munitions manufacture and the delay in resumption of normal business curtailed the demand for coal. Industrial disputes both in Europe and America closed many mines late in 1919 and further reduced the supply. Thus when in 1920 the world set its face to work again and industrial activity was resumed where resumption was possible, consumers' reserves of fuel proved insufficient and an almost universal feeling of apprehension over the coal supply swept around the world. The reasons for this alarm-lately a thing of the past-become clear when the world's production in 1920 is cast up.

Jan 1, 1921

By E. De Golyer

THE petroleum production of the world, in 1923, for the first time reached the billion-barrel mark. A preliminary estimate of production is 1,014,413,000 bbl., an increase of 159,604,000 bbl., or 18.6 per cent. over the 854,809,000 bbl. produced in 1922, the year of next highest production. This increase resulted from an increase of 178,469,000 bbl. in the production of the United States; the total for the rest of the world shows a loss of 18,865,000 bbl., a loss caused by the decrease of approximately 32,278,000 bbl. in Mexican production. The Mexican decrease more than offset increases in the production of Russia, Persia, Roumania, Venezuela, Sarawak, and various minor fields. The increase in production for the United States, and consequently for the world, was the result of flush production from development to maximum capacity during the year of eight, bonanza fields-fields reaching daily yields of 100,000 bbl. or better. It might be ascribed more exactly to the production from the three flush fields of the Los Angeles basin. Their production alone was greater than the increase in the world petroleum production, or the increase in the production of the United States, and it was cheap oil from these fields that demoralized the oil markets of the world. The Basin fields were. the features and dominating factors in the oil industry of the world during 1923. The bonanza fields of 1923, their estimated production for the year, and peak are given in Table 1.

Jan 3, 1924