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By Kenneth G. Arne

INTRODUCTION The real problem is finding the "appropriate" financing sources by matching the risk and reward expectations of the various classes of investors and lenders. Generally, lenders who advance funds temporarily are interested in assuming only limited risk and conversely expect to earn only a limited reward. The equity owners on the other hand, are expected to take most of the risk of the enterprise, but should receive a reward commensurate with that risk. In particular they will receive the benefit of the company's increase in net worth over time. MINE DEVELOPMENT CYCLE Consider the development cycle of a mining project beginning with rank wildcat exploration (Figure 1) [ ] Just as different professionals must be utilized at different stages, so must different funding sources be used at different points in the pipeline. Figure 2 shows the general sources of funding: [ ] This concept can perhaps be better understood if we compare the risk with the capital requirements. Suppose each area within a triangle is proportional to the risk taken (see Figure 3): [ ]

Jan 1, 1985

By Arthur Baker

The orebodies are long bedding-plane lenses of chalcopyrite and sphalerite, associated with garnetite masses. Most of the orebodies are within a 50-ft thickness of Cambrian limestone; other Paleozoic limestones and dolomites are locally metamorphosed but only slightly mineralized. Pre-mineral faults are numerous, but shallow folds were the main ore-localizing structures.

Jan 12, 1953

LIST OF THE MEETINGS OF THE INSTITUTE AND THEIR LOCALITIES FROM ITS ORGANIZATION Transactions Number Place Date Vol Page I Wilkes-Barre, Pa * May, 1871 I 3 II Bethlehem, Pa August, 1871 I 10 III Troy, N Y November, 1871 I 13 IV Philadelphia, Pa February, 1872 I 17 V New York, N Y * May, 1872 I 20 VI Pittsburg, Pa October, 1872 I 25 VII Boston, Mass February, 1873 I 28 VIII Philadelphia, Pa * May, 1873 II 3 IX Easton, Pa October, 1873 II 7 X New York, N Y February, 1874 II 11 XI St Louis, Mo * May, 1874 III 3 XII Hazleton, Pa October, 1874 III 8 XIII New Haven, Conn February, 1875 III 15 XIV Dover, N J * May, 1875 IV 3 XV Cleveland, 0 October, 1875 IV 9 XVI Washington, D C February, 1876 IV 8 XVII Philadelphia, Pat June, 1876, V XVIII Philadelphia, Pa October, 1876 V 9 XIX New York, N Y February, 1877 v 27 XX Wilkes-Barre, Pa * May, 1877 vi 3 XXI Amenia, N Y October, 1877 vi 10

Jan 1, 1917

PASSING over the derivation of the word as well as the description of the alum that has been written of as a liquid and that was once called natta, I tell you that the alum that is commonly called rock alum today is a congealed earthy substance, clear and transparent, of a hot and dry nature, and of a bitter taste with a certain unctuous saltiness. It has an astringent and corrosive property and is drawn from mineral stones by means of art. All that I have seen is of the same nature but of two colors,

Jan 1, 1942

By A. R. Rule, D. C. Dahlin, D. E. Kirby

The US Bureau of Mines is currently engaged in research to characterize complex, low-grade western phosphate rock and to develop methods for economic recovery of phosphate, as part of a government effort to assure an adequate supply of fertilizer minerals. Western phosphate varies from soft, friable, altered phosphatic shale to hard, tightly cemented, unaltered phosphate rock. To supplement current methods of beneficiation (normally restricted to sizing), the USBM has developed a flotation procedure that includes depression of phosphate minerals with H2SiF6 and anionic flotation of carbonate minerals, followed immediately by cationic flotation of silicate minerals. Tested on several different ore types, the procedure has yielded phosphate concentrates that range in grade from 28 to 31% P2O3 with a phosphate recovery factor of 60 to 70%.

Jan 1, 1978

By Frank J. Anderson

IN the cement region of the Lehigh Valley, a difference of 2 to 3 pct in CaCO3 can make or break a new quarry development, and experience of the Dragon Cement Co. has shown that values of calcium carbonate, as reported from churn drill samples, have been increased as much as 6 pct on the average when the same area was diamond drilled. This calcium carbonate increase consequently lowered the values for silica, iron, and alumina, and made these sections much more attractive. Since 1950, the Dragon Cement Co. Inc. has been engaged in extensive diamond drilling in the local limestone of the Northampton, Pa., region, known as the Jacksonburg formation, and in the Lebanon, Pa., region in the Annville limestone, both of Ordovician age.

Jan 12, 1954

By Thomas E. Howard

Scientific research in mining has a comparatively short history. So long as it was possible to maintain adequate mineral supplies by long-established methods, there was little need for the scientific approach. That the end of this comfortable situation is at hand is evinced by the variety and rapidly growing amount of mining research in progress all over the world. The pattern of development of mining research in other countries shows that it started only after a problem became critical. Therefore, the work generally has been short range and usually concentrated on a specific problem. An example is the preoccupation in western Europe with the problem of strata control.

Jan 1, 1962

By Paul Levin

A coal preparation plant built with conventional materials only might be able to do an efficient job of preparing coal, but its maintenance costs would be high and emergency shutdowns frequent. To remedy this situation special materials are being used, either in original plant construction or for replacement of conventional materials. The special materials vary from high-strength and abrasion-resisting steels and stainless steel alloys to ceramics. They include hard surfacing welding rods, rubber refractories and some of the newer plastics, the merits of which are cited by the author. A coal preparation plant, limited strictly to the use of conventional materials-for example, mild steel, cast iron and ordinary rubber-could, no doubt, do an efficient job of preparing coal, but the high cost of maintenance and increasingly frequent emergency outages would soon force the operator to seek relief by introducing special materials such as alloyed steels, oil-resistant rubbers and hard-surfacing welding rods.

Jan 6, 1964

All the TECHNICAL PUBLICATIONS and CONTRIBUTIONS published in 1934 are available at Institute headquarters, unless otherwise noted They are also on file in many public, university and technical libraries and, when so indicated in the list, may be found in the TRANSACTIONS Copies of the TECHNICAL PUBLICATIONS have been mailed to those members of the Institute who are registered in the different classes A-Metal Mining, B-Milling and Concentration; C-Iron and Steel Division; D-Nonferrous Metallurgy; E-Insti¬tute of Metals Division; F-Coal Division; G-Petroleum Division; H-Nonmetallic Minerals; I-Mining Geology; J-Mineral Industry Education Division; K-Mining Administration; L-Geophysical Prospecting Other members may obtain copies by writing to the Secretary Copies of CONTRIBUTIONS may also be obtained from the Secretary's office Additional copies are sold at the rate of 1 cent per page, minimum charge, 25 cents Nonmembers may purchase the papers at the prices mentioned

Jan 1, 1935

By W. M. Corse

W. M. CORSE,?Mansfield, Ohio.-The conservation of tin, in view of the shipping situation; is one of great importance. Several methods of conservation can be employed: 1. Reduction of the amount of tin in an alloy or compound. 2. Substitution of an entirely different metal or compound for tin. 3. A combination of the first and second methods. The second method is the one that I wish to discuss. Metallic aluminum has been known for a long time, and its use in copper alloys was discovered about 1855 by Lord Percy. The high cost of production of metallic aluminum retarded its commercial development, and it was not until the discovery of the electrochemical processes for its production that it came to be known as a common metal. I have been particularly interested, for the past few years, in working with the alloy known as aluminum bronze, which is usually composed of approximately 90 parts of copper and 10 parts of aluminum, by weight.

Jan 12, 1918

By Courtenay de Kalb

The following observations upon onyx-marbles are fragmentary, and may shortly be rendered superfluous by the appearance of a work upon these interesting stones by Prof. George

Jan 1, 1896

By Nathaniel Arbiter

THE separation of minerals by flotation can be regarded as a rate process, with the extraction of any one mineral determined by its flotation rate, and the grade of concentrate by the relative rates for all the minerals. So regarded, the significant variables for the process are those that control the rates. These variables are of two types, the first describing the ore and its physical and chemical treatment prior to flotation and the second characterizing the separation process in the cells. This paper will examine the variation in rates for a group of separations, will show that a simple rate law appears to govern, and will consider the relation of the control variables to the rates. The use of rate constants for evaluation of performance and efficiency will be discussed.

Jan 9, 1951

By H. C. Juvkam-Wold

The aquifer depressurization system uses a number of wells surrounding a mine shaft to reduce the aquifer pressure in the vicinity of the shaft. The effect of various parameters such as number of wells, wellbore diameter, time, and well location is discussed. It is concluded that, with a properly designed depressurization system, the aquifer pressure and the water inflow rate to the shaft may be reduced to less than 15% of their potential values in the absence of wells.

Jan 1, 1983

By M. J. Langley

Zinc ores were first discovered in Tennessee in 1856 at Jefferson City where a deposit became the Mossy Creek mine. From that time until 1913, small- scale attempts at prospecting and mining were made in various parts of the district. The actual systematic development of the zinc deposit dates from 1913 when the American Zinc Co. started operations at Mascot. Mining in the Mascot-Jefferson City area today is devoted exclusively to the zinc sulfide, sphalerite. Various grades of zinc mineralization have been found intermittently through a 600-ft vertical thickness. However, the commercial ore is confined to a total thickness of about 250 ft, from which it usually is mined irregularly from four or five separate levels known locally as "ore runs." In a few places vertical thicknesses up to 150 ft have been mined where commercial material extended from one run to another.

Jan 10, 1962

New York Meets first Wednesday after first Tuesday of each month. DAVID H. BROWNE, Chairman. PERCY E. BARBOUR, Vice-Chairman A. D. BEERS, Secretary, 55 Wall St., New York, N. Y. C. A. BOHN, Treasurer. JOHN V. N. DORR, LEWIS W. FRANCIS. Boston Meets first Monday of each winter month. W. E. C. EUSTIS, Chairman. R. L. AGASSIZ, Vice-Chairman. E. E. BUGBEE, Secretary-Treasurer, Mass. Inst. of Technology, Boston, Mass. ALBERT SAUVEUR, H. L. SMYTH. Columbia Holds four sessions during year. Annual meeting in September or October. W. H. LINNEY, Chairman. OSCAR LACHMUND, Vice-Chairman. LYNDON K. ARMSTRONG, Secretary-Treasurer, P. O. Drawer 2154, Spokane, Wash. STANLY A. EASTON, S. SHEDD.

Jan 3, 1917

By Mourad Aissa

From our previous work (Gardner, Aissa, and Verghese, 1982) on determining the residence time distribution of ball mi 11s from radiotracer data taken in closed-circuit operation without interruption of the process, it occurred to us that the data taken for this purpose also contained information on the breakage rates of all the sizes present. It is the purpose of the present work to evaluate methods to obtain breakage rates from this data. A numerical solution for the impulse injection and subsequent detection of radiotracer in a closed-circuit linear comminution process is developed and used with typical breakage parameters, residence time distribution, and classifier functions to study and evaluate these methods.

Jan 1, 1984

By E. K. Olson

Eagle Mountain mine of Kaiser Steel Corp. began production in 1947 when the direct shipping ore contained 51-56% Fe. The high grade, wide ore face and low stripping ratio ores were rapidly depleted and Eagle Mountain required processing plants for upgrading and more efficient mining equipment. During 1970-71 total annual pit tonnage averaged 56 million tons of material ranking the Eagle Mountain Mine as the fourth largest in the country. Ore production averaged 12.5 million tons requiring a stripping ratio of 3.5: 1. During this period mining activities were scheduled for a three-shift, seven-day operation. The present mining rate is about 30 million tpy on a two-shift, five-day schedule.

Jan 12, 1972

By S. H. Ash

With statistics still incomplete, it appears that the safety record of the mineral industry for 1955 will do well to hold its own in comparison with 1954. On the one hand, metal mining shows an improvement in its record, due in part to intensive campaigns for preventing ground fall accidents. Coal mining, on the other hand, is showing a poorer record in 1955 than for the preceding year. While no major disasters occurred during the year, increased fatalities resulted from ground fall, haulage, and machinery accidents. It seems probable that increased job training may serve to improve the situation. Health: Utilization of diesel equipment continues to increase in noncoal mines, in spite of existing prejudice. In 1955 two types of diesel-driven tractors and one shuttle car were approved by the USBM. Where diesel engines are used controlled ventilation is mandatory in order to keep the CO content under 20 ppm, but such ventilation is not difficult to achieve with normal equipment.

Feb 1, 1956

New York Meets first Wednesday after first Tuesday of each month. J. E. JOHNSON, JR., Chairman EDGAR RICKARD, Vice-Chairman D. M LIDDELL, Secretary, 7 Wall St., New. York, N. Y C. A. BOHN, Treasurer JOHN V. N. DORR _ LEWIS W FRANCIS Boston Meets first Monday of each winter month. R. L. AGASSIZ, Chairman - JAMES G. CARLETON, Vice-Chairman E. E. BUGBEE Secretary-Treasurer, Mass. Inst. of Technology, Cambridge, Mass. W. E. C. EUSTIS G. A. PACKARD Columbia Holds four sessions during year. Annual meeting in September or October. S. S. FOWLER, Chairman J. C. HAAS, Vice-Chairman LYNDON K. ARMSTRONG, Secretary-Treasurer. P. O. Drawer 2154, Spokane, Wash. W. H. LINNEY

Jan 2, 1918

By L. S. Panyity

The question of natural-gas supply is receiving careful consideration in many parts of the country, as in the winter months it is quite a problem to have on hand sufficient gas to satisfy the demand. Increasing the output of wells by the application of vacuum has been tried with various results and large companies have attempted to keep up the supply with gas compressors. The possibility of storing natural gas in the sands of exhausted gas pools has been tried in a few instances with satisfactory results. This method may prove of practical value in solving the problem, especially in the case of towns that formerly obtained gas from their immediate vicinity, but now must search for new pools. Town Plant Regulator High Pressure Line Exhausted Gas Field used for Storage Producing Gas Field FIG. 1. In all cases, only part of the available supply is utilized during the warns weather, so that many wells are shut-in, yet during the winter months, the supply is not sufficient even with all the wells on the line; in such cases it would be of great value if a large volume of stored gas were on hand, obtained through wells that would have been standing idle during the summer.

Jan 1, 1919