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By Robert F. Shurtz, William J. Verner

Three basic questions must be answered by an engineer performing an economic analysis of a mineral property: (1) How much can the company afford to pay for the property; (2) At what rate should the property be mined; (3) What will be the return on the investment. These questions often defy reasonable analysis, because at the point in time at which they must be answered little may be known about the grade of ore and the reserve tonnage. The purpose of this report is twofold. First, to derive a method of determining purchase price, rate of production and return on investment which is valid under varying conditions of ore grade and tonnage reserve; and, second, to apply this method to the Margay deposit in an attempt to evaluate it as a business enterprise. This is an actual economic analysis of an existing nickel-copper deposit fictitiously named the Margay. It was carried out for a mining corporation and proved to be the determining factor in the subsequent purchase and development of the property. All data referring to costs, quality and quantity of ore, etc., are accurate and truly represented. Prices used are obsolete but the method is not dependent on those variables. Basic assumptions for the analysis are given in Table I, page 71.

Jan 11, 1966

By Edward Sayre

IN shaft sinking for coal mines, the cost item greatly influences the method adopted. This holds true especially when soft material must be traversed. The average life of a coal mine is short. This is clue either to the limited area of the coal basin or to the great expense of maintenance and haulage underground when the entries are extended a considerable distance from the hoisting shaft. Therefore, the engineer in opening a coal mine is confronted with the fact that the cost must be kept within certain bounds else the venture will prove unprofitable. For this reason he may be prohibited from adopting certain safe, but expensive, methods that are used in sinking caissons for foundations, driving transportation tunnels, or other work of permanent construction. A common method of sinking through difficult ground employs the aid of a steel shoe pushed ahead of the shaft timbers. Another is the drop-shaft method. These two methods were used in sinking the main shaft and the air shaft of the Eagle No. 3 mine, at Des Moines, Ia., and the following data show the relative success and cost of the two methods of sinking under the same conditions. A drill log of the material to be penetrated was as follows (see Plate 1, Fig. .1)

Jan 9, 1916

By I. Fatt

Study of a model which contains "dead-end" pore volume indicates that pressure transients are influenced by the amount of dead-end pore volume and by the resistance of the flow path between the dead-end pore volume and the main flow channels. A semi-empirical method is demonstrated that makes possible measurenment of the volume in the dead-end pores and the total pore volume. The difference between these two volumes is the volume of the flow channels. An indication of the flow resistance between the dead-end pore space and the lain flow channels is also obtained. INTRODUCTION In some engineering calculations the distribution of pore volume in a petroleum reservoir need not be known. For example, a material balance calculation treats a reservoir as an oil-filled tank. In other calculations the distribution of pore volume appears implicitly through use of the porosity and the relative permeability and capillary pressure characteristics. It is the purpose of this paper to point out that under certain conditions the exact distribution of pore volume must be known in order to interpret correctly transient flow behavior. Pressure transients during single-phase flow in porous media are usually said to obey differential equations of the form

By Ronald F. Ayers

The basic research for this study was conducted by Battelle's Columbus Laboratories in 1974. The high-sulfur content of coal threatens to erode its competitive position in the future. The impact of sulfur removal on final costs of eastern interior coal lies at the very heart of this market analysis. An extensive market survey was conducted that considered both traditional coal markets as well as anticipated future markets. Competition for coal from this province considers low-sulfur Western coal, nu- clear power, international oil and coal trade, as well as Appalachian coal producers. Based on projections of future energy consumption under several scenarios, a comprehensive market forecast for eastern interior coal was made to 2040. The study upon which this paper is based was completed by Battelle's Columbus Laboratories for the U.S. Army Corps of Engineers in 1974. It is but part of an overall effort by the Corps to evaluate the costs and benefits to the nation of waterway improvements. This study is primarily concerned with future coal markets for production from those counties near the Wabash River in the heart of the Eastern Interior Province. An objective here is to consider a most pessimistic energy (and hence, coal) demand for planning purposes.

Jan 1, 1978

By E. H. Bronson

PROPERTY of Malartic Gold Fields Ltd. is situaated in the great clay belt in the northern part of the Province of Quebec. This belt represents the floor of the glacial lake Barlow-Ojibway. The clay blanket has a gently rolling, almost flat surface, with here and there projecting knobs and ridges that outline the large irregularities of the surface on which the clay was deposited. At irregular intervals glacial eskers dominate the landscape. The ore-bearing country rock is covered by strata of clay, sand, and silt to a depth varying to 40 ft. There are serious structural problems when it is necessary to place loads of unequal intensities on this surface to support buildings and machinery for a modern mining plant. Earlier mining companies and their engineers paid little attention to the science of soil mechanics, partly because they believed it unnecessary and partly because they knew little of the subject. The results are evident in some of the tottering structures in older camps. Careful analysis of soil problems is well worth-while, since cost of foundations may vary from 20 to 50 pct of the final cost of a structure. Low operating and maintenance costs can be achieved only in this way.

Jan 11, 1957

By Eugene Stebinger

INTRODUCTION. A LARGE number of papers and reports dealing with the coalfields of Montana have been published + during the last 30 years, but the information is much scattered, appearing in many technical and scientific journals and in government reports, in many cases inaccessible to those most interested. In recent years, especially since 1905, ,our knowledge of the geology and coal contents of the important fields of the State has been much increased. Fairly specific and detailed information is. at hand on all of the principal coal-bearing areas. The fields for which data are not at hand are small and inaccessible, and their omission will not materially affect an estimate of the coal resources of the State, viewed as a whole. The paper here presented is a summary of existing information, all sources having been freely utilized in its preparation. The viewpoint adopted is that of the geologist, rather than that of the engineer or colliery operator, because by far the greater portion of the coal areas present have had only the most meager development, making information that, will aid in prospecting and opening the at present little used coal lands of paramount importance to those interested in the coal fields of the State.

Jan 9, 1913

By G. S. Brooks, L. G. Duncan

During the past few years, the Mineral Point Zinc Co. has had under consideration the improvement of various types of gas-filtering apparatus used in the removal of dust from crushing and milling plants, in the manufacture of oxide, and on blast-furnace fume and sintering furnaces. The original equipment of the various plants of the company was, of course, along lines of the standard stationary bag house. These houses required large surfaces, hand shaking, and varied only in the manner of the collection of solids and in the distribution of the gas. , Early in 1908, the first trial of a mechanical bag house was made at Nassau Plant at Depue, Ill. The duty of this installation was on dust-laden gas from a fine-crushing mill. The Printz and Rau bag machine was finally adopted and put into operation. This ingenious machine embodied what were then to us two novel features in bag-house practice: 1. An intermittent crinkling and snapping of the filtering fabric to free the meshes of solids. 2. A reversal of gas flow for a short period by a temporary connection with the suction trunk. This equipment worked fairly well except in cold weather, when we ran into condensation troubles. Had we at that time understood more fully some of the limitations of fabric filtering work, these might well have been remedied. We were impressed by this experience, however, with the efficiency of sudden tension on the fabric under suction. After a study had been made of some of the western blast-furnace houses using the reversal-of-flow feature, experiments were started early in 3 914 with a view to developing an automatic equipment along the best lines of our past experience. The objects sought were: 1. Keeping labor out of the houses for hygienic reasons. 2. Reduction of labor costs. 3. Reduction in size of bag houses. 4. Accessibility. 5. Ability to handle relatively hot gases where required.

Jan 1, 1918

By R. C. Palmer

THE testing of flotation oils has occupied a large part of the time of the testing departments of various companies using the flotation process in the beneficiation of their ores. The great differences in ores and iii oils has made such work necessary as it has not been possible to select the oil best suited for the purpose without trial of many kinds. In fact, individual shipments of flotation oils from the same manufacturer will often differ so radically that the mill men have been forced to test every lot of flotation oil before its use in the mills. Further, although almost every imaginable product of the distillation of wood, from alcohol to pitch, has been tested in a more or less perfunctory manner by various people, few companies have allowed the results of their tests to be made public. This work was undertaken for the purpose of obtaining reliable data regarding the value as flotation agents of a number of products that are obtained from the distillation of wood by different methods, and incidentally to determine whether some of the products not used at present could be used. Large quantities of such materials are being wasted or burned in the wood-distillation plants of the United States, and if some use other than fuel could be found for these materials, such a use would represent a distinct saving to the country as a whole, would increase the profit of wood-distilling plants now operating and perhaps make it possible for others to operate which at present cannot do so except at a loss. At the same time it was thought that if such products can be used as flotation agents, then their use would serve to increase the number of oils and other products available for flotation purposes. It was also hoped that it might be possible to discover a substitute for some of the most effective but comparatively high-priced oils which are now used for flotation

Jan 8, 1916

By David Hall

IN October, 1926, the Inspiration Consolidated Copper Co. began the operation of its new leaching plant, which has a capacity to handle 8600 dry tons of ore daily and produce therefrom approximately 160,000 lb. of electrolytic copper per day. (See Fig. 1.) The energy for the leaching process is supplied by three motor generator sets (Fig. 2), each set consisting of one 5450-hp., 6600-volt, three FIG. 1.-LEACHING PLANT OF INSPIRATION CONSOLIDATED COPPER CO. AT INSPIRATION, Ariz. phase, 25-cycle, 500-r.p.m. synchronous motor and two 1920-kw., 150 to 320-volt, 6000-amp.,12-pole, d. c. generators, and one 70-kw., 125-volt d, c. exciter. The capacity of the three sets is 36,000 amp. at 320 volts. A description of the metallurgical processes of this plant was. given in a paper by H. W. Aldrich,1 and from his paper we quote the following figures for the month of July, 1927:

Jan 1, 1928

By V. Koump, T. F. Perzak, R. G. Olsson

Jan 1, 1965

In situ mining is no longer a "last ditch" approach for recovery of uranium, but a proven and competitive method of exploiting sedimentary deposits. Today, in any feasibility study of uranium properties, the project manager would be prudent to compare the economics of in situ methods with conventional surface and underground techniques. In this comparison of in situ and open-pit mining, John J. Borkert and Carl E. Gerity of Occidental Minerals Corp., evaluated a group of hypothetical uranium deposits using the three most sensitive depositional characteristics of depth, size, and grade. Their conclusion: in situ is generally the better method to maximize total net profits and return on investment. At uranium values of $40 per pound, their analysis found open-pit mining to he unprofitable, generally, when stripping ratios were greater than 30:1, the deposit grade-thickness (GT) was 0.5 or less, or the ratio of depth to GT was greater than 200.

Jan 10, 1978

By R. M. Wilhelm

HIGH-TEMPERATURE thermometry,, as treated in this paper, deals with the measurement of temperature in the range 100° to 550° C. The lower limit corresponds to the temperature of boiling water at normal atmospheric pressure, the upper limit is approximately the highest temperature to which mercury in a glass thermometer may be safely subjected.1 In this range., the domains of pyrometry and thermometry overlap somewhat, for high-temperature resistance thermometers and thermocouples generally classed as pyrometers are often used below 550° C. This paper will be confined to high-temperature mercurial thermometers, and indicating and recording thermometers of the vapor pressure, liquid or gas filled, and bimetallic or graphite-metal expansion types, a classification of which is as follows: CLASSIFICATION OF THERMOMETERS GENERAL CLASSIFICATION SUBDIVISIONS Mercury in glass Laboratory- Etched or engraved stems (mercurial) Enclosed scale (Einschlus) Industrial Vapor pressure Indicating and Pressure Liquid filled recording Gas filled Bimetallic Graphite-metal expansion

Jan 9, 1919

By Rudolph G. Wuerker

With stepped-up work in rock mechanics, more and more data on strength and elastic properties of rocks has become available. Results of measurements of tensile strength, in addition to determinations of compressive strength, allow us to deter- mine, even if only in an approximate way, the third property influencing failure of a brittle material: shear strength. It is fairly generally agreed upon in rock mechanics, in drilling and blasting research, that Mohr's theory provides an acceptable method for explaining the failure of a brittle material. Mohr states that a material may fail either 1) through plastic slip when shearing stress Y in the planes of slips has reached a limiting value (which in general depends on the normal stress, X, acting normal to the surface), or 2) when the largest normal tensile stress has reached a limiting value. The mode of failure depends upon which of the two stresses is the smaller.

Jan 10, 1959

By P. R. Bradley

This paper gives a brief history of the mining and milling operations in the Juneau gold belt, and a general description of the geology of the district, followed by a suggestive discussion of the general problem of sampling gold ores and a detailed description of the mining methods used in the Alaska Juneau mine. The paper indicates that variations in assaying ore similar to that from the gold belt are unavoidable on account of the erratic distribution of the gold. A caving system that accepts dilution was adopted for the Alaska Juneau mine; the ore is sorted and the final mill feed has nearly twice the assay value of the ore trammed. THE property of the Alaska Juneau Gold Mining Co., covering the Juneau gold belt for over a mile in length, consists of 136 claims and 24 mill sites; these are near Juneau, Alaska, in what is known as the Harris mining district.

Jan 3, 1924

By R. C. Palmer

The testing of flotation oils has occupied a large part of the time of the testing departments of various companies using the flotation process in the beneficiation of their ores. The great differences in ores and in oils has made such work necessary, as it has not been possible to select the oil best suited for the purpose without trial of many kinds. In fact, individual shipments of flotation oils from the same manufacturer will often differ so radically that the mill men have been forced to test every lot of flotation oil before its use in the mills. Further, although almost every imaginable product of the distillation of wood, from alcohol to pitch, has been tested in a more or less perfunctory manner by various people, few companies have allowed the results of their tests to be made public. This work was undertaken for the purpose of obtaining reliable data regarding the value as flotation agents of a number of products that are obtained from the distillation of wood by different methods, and incidentally to determine whether some of the products not used at present could be used. Large quantities of such materials are being masted or burned in the wood-distillation plants of the United States, and if some use other than fuel could be found for these materials, such a use would represent a distinct saving to the country as a whole, would increase the profit of wood-distilling plants now operating and perhaps make it possible for others to operate which at present cannot do so except at a loss. At the same time it was thought that if such products can be used as flotation agents, then their use would serve to increase the number of oils and other products available for flotation purposes. It was also hoped that it might be possible to discover a substitute for some of the most effective but comparatively high-priced oils which are now used for flotation

Jan 1, 1917

By A. Andreas, E.H. Wells

The oil and gas industry of New Mexico recorded notable progress ill 1935. More wells were brought in than in any previous year, and important new discoveries were made. The total number of completions was 340, of which 260 were oil wells, 8 were gas wells and 72 were dry holes. The total oil production was 20,228,947 bbl., an appreciable increase over the 1934 production of 16,636,804 barrels. Many of the wells completed in southeastern New Mexico were acidized. This treatment proved highly effective in increasing the capacity of the wells, the resulting potentials usually being two to ten times as large as before acid treatment. In the Lea County fields in which proration was entirely on an acreage basis, the tendency of many of the operators was to complete their wells according to best conservation practice rather than to obtain the largest possible potential. Much remedial work was done in the Hobbs, Cooper, Jal and Eunice fields, and with excellent results. At many of the wells high gas-oil ratios were greatly reduced and encroaching waters shut off by setting packers. Several companies carried on pretentious geophysical campaigns in the southeastern part of the state. The location of the Amerada discovery well in the Monument field was based on geophysical surveys. The New Mexico Oil Conservation Commission, established by the 1935 Legislature and consisting of the Governor, the Commissioner of Public Lands and the State Geologist, began to function in May. Production in the state thereafter was based on orders issued by the Commission. Proration in the Hobbs field, which had been provided for since July, 1930, by successive proration agreements signed by all operators in the field and approved by the State Geologist, was continued by the Commission by giving approval to the current proration agreement,. A plan of proration for the other Lea County fields that had been in offect since early ill 1934 was adopted. 111 September, 1935, the Commission approved a. proration agreement for the Artesia-Jackson-Maljarnar area in Eddy and Lea counties that had been agreed upon by

Jan 1, 1936

By E. H. Wells, A. Andreas

The oil and gas industry of New Mexico recorded notable progress ill 1935. More wells were brought in than in any previous year, and important new discoveries were made. The total number of completions was 340, of which 260 were oil wells, 8 were gas wells and 72 were dry holes. The total oil production was 20,228,947 bbl., an appreciable increase over the 1934 production of 16,636,804 barrels. Many of the wells completed in southeastern New Mexico were acidized. This treatment proved highly effective in increasing the capacity of the wells, the resulting potentials usually being two to ten times as large as before acid treatment. In the Lea County fields in which proration was entirely on an acreage basis, the tendency of many of the operators was to complete their wells according to best conservation practice rather than to obtain the largest possible potential. Much remedial work was done in the Hobbs, Cooper, Jal and Eunice fields, and with excellent results. At many of the wells high gas-oil ratios were greatly reduced and encroaching waters shut off by setting packers. Several companies carried on pretentious geophysical campaigns in the southeastern part of the state. The location of the Amerada discovery well in the Monument field was based on geophysical surveys. The New Mexico Oil Conservation Commission, established by the 1935 Legislature and consisting of the Governor, the Commissioner of Public Lands and the State Geologist, began to function in May. Production in the state thereafter was based on orders issued by the Commission. Proration in the Hobbs field, which had been provided for since July, 1930, by successive proration agreements signed by all operators in the field and approved by the State Geologist, was continued by the Commission by giving approval to the current proration agreement,. A plan of proration for the other Lea County fields that had been in offect since early ill 1934 was adopted. 111 September, 1935, the Commission approved a. proration agreement for the Artesia-Jackson-Maljarnar area in Eddy and Lea counties that had been agreed upon by

Jan 1, 1936

By B. L. Sackett

IN a general way, the situation in copper smelting is quite similar to that of lead smelting. In other words, the introduction and successful flotation of copper ores has tended to decrease greatly the tonnage to be handled by the smelter and therefore has resulted in curtailed smelter operation. However, copper production has increased rather than decreased. The general effect of flotation has been to decrease the number of furnaces operating, but it has also increased to a considerable extent the difficulties in handling the material, just as was outlined in the case of lead smelting. In copper smelting, the flotation concentrates must be roasted and prepared for the reverberatory furnace. HANDLING FLOTATION CONCENTRATES The handling of copper flotation concentrate, which is more or less wet and mucky, is more difficult than was the handling of the old gravity concentrate. Also, the roasting of the concentrate and the handling of the calcine produced is more difficult. That is mainly because the material is extremely fine and the tendency to higher dust losses is greatly increased. The draft in the roasting furnaces must be kept as low as, possible, and the feeding of the calcine into the reverberatory furnace must be done carefully, so that dust losses may be kept at a minimum. TRANSITION STAGES OF CONCENTRATION AND SMELTING The general process through which the copper smelter has gone as a result of flotation has been somewhat as follows: In the relatively old days, when copper ores of low grade were first treated, a large number of furnaces were required, and naturally comparatively poor recoveries were made. Also, the profits on low-grade ores were small and the handling of those ores was possible only because of the large tonnages. Then came gravity concentration, which was a great improvement but which only incompletely removed the gangue material, the insoluble and the iron, from the copper ore, and made comparatively poor copper recoveries. This still left a considerable amount of insoluble and iron, as well as the copper itself, to be treated at the smelter.

Jan 1, 1928

By C. W. A. Newey

I would like to make the following points in connection with the studies of the deformation of NiAl reported in the recent paper by Wasilewski, Butler, and Hanlon. 1) Much of their paper is concerned with demonstrating that slip occurs on either {110)(001) or {100)(001) systems. In their discussion they state "the existence of (001) as the basic slip direction can thus be considered established." This fact was established by the earlier studies of Ball and Smallman.32 Ball and Smallman also concluded that the slip plane was of the type (110) and they showed that cross slip or pencil glide on orthogonal (110) planes could produce macroscopic slip on planes of the (001) zones, e.g., (100). Wasilewski et al. refer to this paper by Ball and Smallman but not in connection with the slip system determinations. 2) Wasilewski et a!. eliminate the possibility of (111) slip in NiAl on dubious grounds. Their statement that ('the very high yield strengths of the (100) oriented crystals", in which (001) slip is constrained, "immediately ruled out the possibility of {110)(111) slip" cannot be accepted unequivocably; it would be reasonable if the crystals were completely brittle but they are not, as Wasilewski et al. and others33734 have shown. Their elimination of the possibility of (111) slip in a crystal compressed along [227] is misleading since there is no obvious reason why (111) slip should occur in a crystal of this orientation. In fact, from an analysis of the macroscopic surface markings on deformed (100) stoichiometric crystals, Pascoe and Newey34 have deduced that slip occurs on systems of the type {211)(111) and {321)(111). 3) Polycrystalline NiAl is known to undergo general deformati~n.Having emphasized that general deformation is impossible if only (100) slip occurs, it is a pity that Wasilewski et al. do not attempt to account for the disagreement between theory and their experimental results. Of course, (111) slip can provide the additional independent systems required for general deformation.

Jan 1, 1969

By John Birkinbine

An item of considerable importance to the producers of pig-iron is the disposition of the slag or cinder from the blast-furnace; and various plans have been adopted at different works to care for the rapid accumulation of this generally waste material. The charge per ton of iron made which must be allowed for the care of cinder is sufficient in times of business depression to give plants having facilities for disposing of their slags an advantage over others less favorably arranged, and to allow iron to be produced profitably in the one case and prevent a profit in the other. The varied methods employed and the means of conveyance utilized need not be detailed. It is sufficient to say that the large outputs of American blast-furnaces, and consequent rapidly augmenting dump-piles, have brought into general favor the use of cars carrying the slag in a liquid condition. The advantages of this method are the prompt removal of the slag, the reduced space occupied by the dump-piles, and the facility of converting the slag into such forms for use as may be desired. The progress in iron-manufactlire is also marked by a more general adoption of methods by which molten metal is carried in vessels away from the point of its production; and, anticipating the prospective advance in pig-iron manufacture, it does not seem unreasonable to prophesy the early abolition of casting-houses at blastfurnaces, particularly where several are grouped together; or the casting of steel ingots away from the converters or furnaces. In some large blast-furnace plants, the iron is carried molten from the blast-furnaces to the converters or other furnaces. Even where it is cast into pigs, casting-sheds removed from the immediate vicinity of the furnace-stack would, perhaps, be superior to casting in beds in front of the furnaces. The idea of casting-sheds appears to present the following advantages : 1st. The equipment of boilers, hot-ovens, and blowing-machinery could be closely grouped around the blast-furnace stacks, permitting

Jan 1, 1887