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By Tomek Ulatowski

This article discusses principal areas relevant to financing natural resource projects using as an example a hypothetical newly proposed direct reduction facility. The issues most directly affecting the project from the standpoint of financing are categorized in four groups: 1. Lenders' differing requirements with respect to projected cashflows; 2. The impact of leveraging on project viability; 3. The importance of appropriate debt structure; 4. The significance of accurate and complete capital cost estimates. The findings emphasize that the economics and the financing of a project are not only inseparable, but that they should also be viewed as directly interactive during the project planning process.

Jan 1, 1981

By H. M. Callaway

There are key words common to Government and the minerals industry, the use of which immediately spark interest, argument and confusion. Among these is productivity, a term ranking for widespread misunderstanding with mineral self-sufficiency and mineral conservation. Each interpretation of these words tends to emphasize a single aspect and either minimize or ignore the complex dynamic system of things that influence the Nations mineral productiveness. This paper1, abstracted from a monograph on lead now being prepared for publication by the Bureau of Mines, not only sheds light on the trend of productivity in the lead-zinc mining industry but it presents the basis for forming a common general notion of what the term productivity implies.

Jan 11, 1961

No review of underground mining should begin with anything but the new world safety record set at the Grace underground iron mine of Bethlehem Steel at Morgantown, Pa., on Friday, November 12. There had not been a disabling injury (an injury which keeps an employee away from his next scheduled shift) for 550 working days. In all, 2,660,080 man-hours had been worked by nearly 950 employees without a disabling injury. The record was wrested from Johns-Manville's Jeffrey mine at Asbestos, Que. At 3 p.m. Friday, December 3, miner Stanton E. Friend was completely buried under several feet of coarse rock, fortunately sustaining only cuts and multiple abrasions. But with his fall, the accident- free period came to an end at 2,778,600 man-hrs worked without a disabling injury-the new record!

Jan 2, 1966

By Carl Heinrich

I HAVE read with particular interest that portion of the discussion by Anton Eilers referring to the high-lime (and also high-alumina) slags made by August Raht in 1881, while smelting the Horn Silver ores at Franklin, Utah. The two analyses of such slags, furnished by Mr. Raht to Mr. Eilers are: Horn Silver Slags Oxygen(b) Oxygen(b) Average of I and. II Slag I percentage Slag II percentage Oxygen Si02 33.9 18.1 .35.0 18.7 34.50 18.40 FeO 26.8 6.0 25.4 5.7 26.10 5.80 CaO 26.1 7.5 24.9 7.1 25.50 7.30 BaO 3.2 (a) 0.3 3.2 0.3 3.20 0.30 A1203 10.8 5.1 9.3 4.4. 10.05 4.75 100.8 37.0 97.8 36.2

Jan 10, 1916

By A. G. Willard

Quantification of size, shape and composition has been one of the more difficult areas for those concerned with fine particle processing of coal.' Image analysers fed by optical microscopes and by scanning electron microscopes possessing backscatter detectors and energy dispersive facilities now offer techniques to improve the speed and precision of previous methods. This paper discusses the methodology and procedural difficulties associated with the microanalysis of coal. Photographs show display quality on the image analyser monitor and the equipment mentioned. Data illustrating several of the procedures are included. The major portion of data for design and operation of plant for fine particle processing depends on information regarding size, shape and composition of granular material. The lower limits of particle sizes become more important as lower grade deposits are mined. Because of the trends towards treatment of finer materials, the use of image analysis offers advantages in time, effort and accuracy. As energy becomes more critical, the above applies especially to coal processing. The Zeiss Microvideomat 2, a leading member of the second generation instruments, is now available for image analysis. There is a precision television scanning system with monochrome camera, display, control panel and central processor (see Figure 1).

Jan 1, 1980

Jan 1, 1934

By T. S. Lovering

Jan 1, 1965

[†ADAIR, ARTHUR C., Corp 4th Co., 1st. Training Bat., 154th Depot Brigade. ADAMS, HENRY, Major Chemical Warfare Service. ARLUCK, A. A Headquarters, 1St Corps of Artillery. ASKIN, THOMAS B. H Ensign.] [ ]

Jan 1, 1925

The airplane, while not a product of the war, owes its present very prominent place to the war; if it had not been for the war its development would have been retarded many years. War planes were made for various purposes, but their most important use was for photographing the enemies' lines. The same methods; with some modifications, are now

Jan 6, 1919

EVERY mould, of whatever kind it may be, must have an entrance appropriate to the material if it is wished to fill its inner space with bronze or other metal. It is likewise necessary that it have vents, that is, air holes, for there is nothing that is not full of air even though it be called empty. Now, molten bronze is a material that has an immediate effect because of its heaviness, and because it is as hot as fire or even hotter,

Jan 1, 1942

By Ernest L. Bohnet

Jan 1, 1985

By N. M. Macmillan, R. S. Kalyoncu, A. R. C. Westwood

The environment-sensitive hardness and laboratory-scale rotary drilling behavior of granite, quartz, and feldspar have been studied. By controlling the chemistry of the drilling environment, it is possible to triple the rate of drilling granite. Pre-existing flaws or other microstructural features play a minor role.

Jan 1, 1975

By J. C. Donnell, O&apos

Sinking an inclined ventilation shaft at the Never Sweat mine of The Anaconda Co. has required a unique underground hoisting arrangement because the shaft changes direction from vertical to 71.5º. Access to the project is made through the High Ore shaft to the 2800-ft level, then by crosscut to the bottom of the vertical Never Sweat shaft. The 71.5º incline shaft starts at this point, which makes an unusual operation as the 60-cu ft sinking skip coming up the incline changes into a vertical position above the 2800-ft level before going into the dump scrolls. This requires both rollers and guide shoes on the skip. Coming up the incline to the collar of the shaft the loaded skip enters into a guard before reaching the vertical section. The tendency of the surface- mounted Never Sweat hoist is to lift the front wheels of the skip off the track, so the guard keeps the skip on the rails during the transition.

Jan 11, 1965

By J. A. Bownocker

The existence of petroleum in the rocks of Ohio and Indiana seems to have been first shown by wells dug for salt. The fuel, however, was objectionable owing to its odor and inflammability. Not until the Drake well was drilled in 1859 did the people appreciate the value of rock oil, and then they at once began plans to secure the coveted fuel. The first successful well in these two states was near Macksburg, in southeast Ohio, where at a depth of 59 ft. (17 m.) oil was found in commercial quantity (1860). A year later this fuel was secured on Cow Run, in the same county, and at about the same time in Noble, Morgan and perhaps other counties in that part of Ohio. The second great step in the production of oil in Ohio and Indiana was taken in 1884 when the reservoir of natural gas in the Trenton limestone of northwest Ohio was tapped, and where a year later oil was secured in the same formation. Petroleum in this limestone was obtained in Indiana in 1889.' The third step in the production of oil in Ohio and Indiana is associated with the Clinton sand of Ohio. Natural gas in large volume was discovered in that rock at Lancaster, in 1887, and the area has been extended until it has become the largest individual producer in the world. The presence of natural gas in such great volume all but demonstrated to the driller that oil lay hidden near by. Soon the search for it was started but not until 1899 was petroleum in commercial quantity found in the Clinton sand, and a large pool was not located in it until 1907. The fourth step in the developrllrnt of the industry was taken in 1913, when the pool in Sullivan County, in western Indiana, was opened. The producing rock is the Huron sandstone, which is the topmost member of the Mississippian system.²

Jan 1, 1921

By C. R. McEwen

This paper presents a technique for calculating the original amount of hydrocarbon in place in a petroleum reservoir, and for determining the constants characterizing the aquifer performance, based on pressure-production data. A method for doing this based on a least-squares line-fitting computationwus proposed by vanEverdingen,Timmerman andMcMahon in 1953. We found that their method would not work when there is error in the reservoir pressure data — even moderate error. The technique presented here appears to give reasonable answers when pressure data are uncertain to the degree expected in reservoir pressure determinations. The major change introduced in the present analysis is to limit the least-squares line-fitting to yield only one constant— the amount of hydrocarbon in place. The water-influx constant is then taken as proportional to the oil (or gas) in place. The constant of proportionality can be computed from estimates of effective compressibility and reservoir water saturation. It is also pointed out that the commonly used least-squares analysis assumes all of the uncertainty to be in the dependent variable. The material balance should be arranged so that this condition is fulfilled if correct inferences are to be made from statistical calculations. Examples are shown of the application of the new technique to gas reservoirs—both hypothetical and real—and to the oil-reservoir example of van Ever-dingen, Timmerman and McMahon. INTRODUCTION The amount of hydrocarbon originally in place in a petroleum resenroir can be estimated by means of the material-balance calculation. Simultaneous observations of pressure and amounts of produced fluids are required, together with the PVT data applicable to the reservoir fluids. If water encroachment is occurring, it is desirable to try to infer the behavior of the aquifer, as well as the original hydrocarbon in place, from the pressure-production data. This imposes additional demands on the method of calculation, and uncertainty in the data can result in large uncertainty in the answer. In addition, if the size of a gas cap is to be established, the whole problem becomes indeterminate, as pointed out by Woods and Muskat.1 Brownscombe and Collins2 simulated a gas reservoir and its aquifer on a reservoir analyzer and derived quantitative information on the effect of uncertainty in pressure and aquifer permeability on computed gas in place. Among the various techniques of estimating the performance of an aquifer, the method of van Ever-dingen and Hurst? based on compressible flow theory, seems to have been the most generally successful (see Ref. 4, for example). In this paper we shall confine ourselves to their representation of the aquifer. In 1953,' van Everdingen, Timmerman and McMahon5 introduced a statistical technique for deriving the amount of oil originally in place and the parameters which describe the aquifer. (We shall refer to this technique as the "VTM method'', as suggested by Mueller.6) Their example reservoir had no gas cap. It has been our experience that the VTM method gives a reasonable answer when the data are very accurate, but that inaccuracy (particularly in pressure) can cause the method to break down. The effect was first observed in gas reservoirs, but has since been seen in oil reservoirs also. In this paper we present another statistical method which has been successful in achieving a reasonable answer where the VTM method has failed. In the new method, one less parameter is derived from material-balance computations. It is assumed that values can be established for effective compressibility in the aquifer and reservoir water saturation independently of the material-balance calculation. The water-influx constant can then be obtained from these data and the quantity of hydrocarbon in place.

By Clarence Linville

IN an article published in the Iron. Trade Review 1 I gave a convenient arrangement for the installation of wet and dry bulb thermometers for use in making moisture determinations in the air being blown into a blast furnace, and also gave a chart for use in obtaining moisture values from the thermometer readings. The data from which this chart was prepared were obtained from the tables in use by the U. S. Weather Bureau.2 The work of Carrier 3 has shown that these tables are somewhat in error. He has recalculated the values for moisture as referred to, wet and dry bulb thermometer readings, and he has prepared a psychrometric chart from the values thus obtained. This work has priced the subject of psychrometry upon a correct scientific basis. I think it is proper that we should recognize the importance of his work and give him credit for one of the most interesting and valuable researches that have been published in recent years. Blast-furnace men are not ready to use, as he suggests 4 a value expressed in grains of water accompanying a pound of dry air. However convenient this may be for heating and ventilating work and other engineering problems, there are several reasons for preferring the use of a value expressed in grains of water in a. cubic foot of mixed air and water vapor, in connection with combustion phenomena and the effects of moisture on blast-furnace operation. Previous papers presented to the Institute have used such values and we have

Jan 10, 1913

By F. A. Hames, D. S. Eppelsheimer

The ferromagnetic copper-manganese-aluminum and copper-manganese-tin alloys (Heusler alloys) owe their ferromagnetism to the beta phases (body-centered cubic structure) in their respective systems.l,2,3 The ternary beta phase regions in these systems are extensions of the beta fields of the binary copper-aluminum and copper-tin systems into the ternary models of the copper-manganese-aluminum and copper-manganese-tin systems respectively. X ray analysis has indicated the presence of long-range order in the more strongly magnetic alloys.3,4,5 The ideal ordered structure is obtained in alloys of compositions Cu2MnAl and Cu2MnSn; the copper atoms occupy positions at cube centers while the aluminum (tin) and manganese atoms alternate at cube corners. This atomic arrangement is illustrated in Fig 1. The compositions Cu2MnAl and Cu2MnSn are also those that show maximum magnetic saturation moment. 3,4,6,7 Departures from these compositions result in a decrease in the degree of order attainable and a decrease in magnetic saturation moment. In view of the chemical similarities of aluminum, tin, indium, and gallium, and the existence of beta phases in the binary systems copper-indium and copper-gallium, it may be suspected that ternary beta phases exist in the systems copper-manganese-indium and copper-manganese-gallium, and that these are ferromagnetic. The purpose of this investigation was to determine whether ferromagnetic beta phases exist in the systems copper-manganese-indium and copper-manganese-gallium analogous to the ferromagnetic beta phases in the systems copper-manganese-aluminum and copper-manganese-tin. Previous Work At the time this investigation was started no information could be found regarding the constitution of copper-manganese-indium and copper-manganese-gallium alloys, nor of the binary manganese-indium and man-

Jan 1, 1950

By M. W. Hayward

THE object of this paper is to record and tabulate the data and field observations obtained by the writers and their associates during 10 years of intensive study of lead-zinc deposits in the Cretaceous limestone areas in Northern Mexico, particularly in mines owned by the Cia Minera de Peñoles, S. A. At the El Paso meeting of the Institute in October, 1930, J. G. Barry made the suggestion that a committee be appointed to correlate the ideas and theories which have been put forth by the numerous engineers and geologists who, during recent years, have made a study of the ore deposits in the area under consideration. The first step in a work of this nature would be to record all of the observed facts, and these facts would have to be accepted by those who attempted to formulate a theory of ore deposition. It is with this idea in mind that the writers have described as accurately as possible the actual, observed facts pertaining to the occurrence of the lead-zinc ores in dolomites or dolomitic horizons. By most writers the term "dolomite" is loosely used to designate magnesium-bearing limestones, regardless of the percentage of MgO present. Since no true dolomites exist in the areas to be described, we shall also loosely use the terms dolomite or dolomitic limestone to desig-nate those beds having a magnesia content of 5 per cent MgO or more. For a number of years the writers have been impressed with the fact that in areas where dolomite beds occur a large percentage of the lead ore is found in these beds, in spite of the fact that such beds may be overlain or underlain by pure limestone, which one would assume to be just as favorable for replacement as the dolomite, if not more so on account of its being more soluble in acid solutions than the dolomite. It is true that in some limestone areas, such as the Erupcion-Ahumada districts, Chihuahua, and Providencia, Zacatecas, where no dolomite beds have been found, large tonnages of lead ores have been mined. We venture to predict, however, that had there been dolomitic beds in these areas, the

Jan 1, 1932

By A. L. Field

Bureau of Mines Technical Paper 189 consists of a record of the scientific data obtained in the iron blast-furnace slag investigation which is reported in Technical Paper 187, "Slag Viscosity Tables for Blast-Furnace Work." It includes a description of the method of preparing the synthetic melts, construction of an improved electric furnace, and refinements in laboratory methods of measurement. Only the general features of the work and the conclusions drawn from the experimental data can be given attention here. Silicates in the Liquid State In the manufacture of refractories, Portland cement, glass, and porcelain, and in pyrometallurgical operations, importance attaches to the behavior of silicate compounds at temperatures beyond the range of common experience. This field of research has not been investigated as carefully as its scientific and industrial importance would seem to warrant. Probably the most important of the unsolved problems in the, chemistry of silicates is the question of their stability in the liquid state. That little progress toward the solution of this problem has been made is not strange if there be borne in mind the difficulties attending experiments made at temperatures at which silicates become fluid, and the comparatively short time since it became possible to measure these temperatures. On the other hand, considerable progress has been made in the study of the compounds in the solid state because of the directness and simplicity of methods of optical examination.

Jan 12, 1917

By Philip H. Nelson, Richard Lingle

Vibrating wire stressmeters (VWS's) and borehole deformation gages (BDG) were deployed in two in-situ heater experiments at Stripa, Sweden to determine the thermally induced stress changes in the rock mass. The heater experiments ran for 18 months, including a six- month cool-down period after the heaters were turned off. Gages were installed in both horizontal and vertical boreholes and were subjected to temperatures ranging from 10°C to 120°C, depending upon the distance of a gage from the central heater. Most gages operated in a moist environment because groundwater flowed into many of the instrument boreholes during the experiments Of the 36 VWS's installed, six failed. Failures were attributed to corrosion of the vibrating wire due to moisture entering the gage body. Of the 30 BDG's installed at the beginning of the experiments, 22 failed, also as the result of water entering the gage body. Modification and reinstallation of the gages eliminated the problem of water infiltration, but much data from early stages of the experiments was lost due to gage failures. Calibration of the VWS in blocks of Stripa granite showed a lack of repeatability. Variability in calibration results are attributed to seating effects, to variations in the elastic modulus of the rock, and to changes in temperature. These three effects combined to produce an error judged to be approximately ±33% of the stress changes measured at Stripa. In contrast, the major source of error in determining stress with the BDG appears to be the uncertainty in rock modulus and thermal expansion coefficient. Sample calculations based on data acquired near the end of the experiments (during cool-down)

Jan 1, 1982