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By Horace Winchell

SCOPE OF DISCUSSION THE laws here referred to Are those which define the status of the prospector for mineral deposits in the soil or beneath it, establish his methods of procedure, protect him in his possession while searching for the subterranean treasures, and give him assurance of title when all required conditions have been fulfilled and valuable minerals discovered. Regulations for the operation of mines and the safety and health of mine employees are likewise subjects of Federal and State legislation, but are not within the scope of the present program. Various features of our present laws will be discussed in detail by able students of the subject, and specific remedies will be proposed for the most glaring defects. It is my purpose to present in this paper a summary review of the reasons why revision is needed and demanded by the great majority of those in daily contact with the industry.

Jan 4, 1914

By Charles J. Haas

The resistance which rock bolts offer to shear movements along fracture planes and bedding planes near a mine opening has been suggested as one of the mechanisms by which bolts contribute to the support of weak rock in the roof or sidewall. That such displacements do occur is a fact fairly well known. Inspections of drill holes that have been drilled for some time often reveal that the holes have been offset at one or more points some time after drilling. Resin grouted bolts are often cited as being better able to resist shear movement in the roof because the annulus around the steel bar is filled with grout, whereas the sides of a conventional bolt will not contact the rock until a rather large shear displacement has occurred. When this project began, there were no experimental data to support or refute the above arguments. A laboratory shear test program was, therefore, devised to evaluate the effectiveness of various types of bolts in resisting shear under various conditions which exist in situ. Research reported earlier (Haas, 1976) included a theoretical analysis of a conventional bolt intersecting a shear surface, and experimental data on the shear resistance of smooth (lapped) shear surfaces, intersected at various angles by conventional and resin grouted bolts. The present paper extends the previous analysis to consider the effect of the initial roughness of the shear surface. Joint roughness is a particularly significant factor since undulations of the shear surface cause dilatation of the joint, which in turn, causes high tensile loading of a bolt intersecting the joint.

Jan 1, 1982

OBSERVERS in more than negligible number appear to believe that the achievements of engineers during the last generation have been an affliction rather than a blessing to society. Quite accurately they perceive that scientific progress and technologic advance have reduced to a fraction-often a small fraction-the amount of manual effort required to accomplish a given unit of useful work. They have seen men, as a consequence, deprived of employment in a particular industry; and this so-called technological unemployment they have denounced as inimical to the workers and consequently to the whole social order in progressive nations. To those who subscribe to this thesis the story of the Porphyry Coppers may not make palatable reading, for it is an amazing record of engineering and technologic achievement. But to those others who take the longer and broader view that economic and social progress cannot enduringly lag far behind advance in the realm of science and engineering; and that any improvement in the means and method of doing essential things eventually must make the world a better place in which to live; to these the record of the development of these great mines can- not but be a source of delight. It is an outstanding example of the advantages of mass production coupled with the fruits of scientific research and inventive genius. More, it reflects the pioneer spirit, the initiative, the self-reliance, the independence of thought and action that are traditional with the mining engineer. The word porphyry is a geologic term, the significance of which will be elaborated in later chapters. The essential characteristics of the deposits that are universally, if not quite

Jan 1, 1933

By Charles Wright

AT most mines where large tonnages are handled, "bulldozing" or secondary blasting is an important and costly operation. To reduce the large blocks from primary blasting operations or stoping so that they will be small enough to pass through the chutes into the cars at the haulage level, and not too large for the crushing plant, requires blasting. Often this is done by placing a few sticks of dynamite on top of a block with or without a capping of mud, but to consume less dynamite and to promote safety, most secondary blasting is now done by blockholing, or the drilling of holes 6 to 12 in. long in the blocks, using only a part of a stick of dynamite per hole. Regardless of the method of blasting, however, the term "bulldozing chamber" is applied to the room where this work is done. Bulldozing chambers permit secondary blasting at all times in a safe place without disturbance to the other mining operations. The chambers are usually high above the haulage level and well below the stope level or open-pit floor. In most instances the material is passed through a grizzly in the bulldozing chamber, but sometimes no grizzlies are used. One to four raises extend from the chamber to the stope floor and one or two from the haulage level to the chamber floor. Occasionally large slabs of ore or rock choke the raises above the bull-dozing chamber, and these have to be blasted by attaching a bundle of dynamite sticks on the end of a long pole and placing them up in the raise between the pieces causing the choke. This is called "chute-blasting." To give a picture of the progressive developments in the use of the bulldozing chamber, a few typical mines that show the application of this method to both metal and limestone mines have been selected for description here. Limestone mines have been included because many metal miners do not realize to what extent the nonmetallic, or rock, miners are now applying metal-mining methods successfully in their operations. The bulldozing chamber is the "neck of the bottle" for some mines.

Jan 1, 1935

By M. R. Geer, H. F. Yancey

John Grifien (Pittsburgh)—I wish to congratulate the authors on this paper, which, I am sure, will promote a clearer conception of the various criteria which have been advanced as measures of coal-cleaning performance. Their clear descriptions of the more important criteria that have been advanced and explanations of their meaning and application have been sorely needed and, if widely promulgated and followed, should remove much of the confusion which, heretofore, has been evident. I suggest that much of this confusion has also arisen from lack of common agreement as to the exact meaning of the words and terms used in our discussions of this subject. I am sure I have been equally guilty in this respect and suggest it is time that we select a committee to study vocabulary as well as criteria, so that common understanding and agreement can be had. Thus, I suggest, that the title of this paper should have used the words "coal-cleaning performance" and not "coal-washery performance." My understanding is that "washery" refers to a complete plant and it has additional functions to that of coal-cleaning, such as control of size, moisture, etc. Also, I do not agree with the authors that the formulas given in their paper, the Fraser and Yancey formulas, are necessarily the only ones that can be called efficiency formulas. When a dictionary is consulted one realizes that the words "efficiency" and "efficient" have not precise meanings but only very general ones and must be further defined for each particular use, if they are to have any precise meaning. To my mind, the first of the Fraser and Yancey formulas given should never be used as expressing "efficiency" alone but only by the fuller phrase which truly expresses the kind of efficiency it states, which is "coal recovery efficiency." For complete clarity we then need only define "coal" for the particular circumstances under which the formula is used. This would recognize the fact, fully explained by the authors, that the limits in coal qualities imposed by the market have imposed a factor—and a variable factor—which has influenced any answer obtained by this formula. Such a procedure makes it entirely practical and logical to use the values of any of the qualities of coal—ash, sulphur, phosphorus, specific gravity—or a combination of them to define what is coal for that particular use of the formula. Further, it is clear to me that the criteria to be used must be dictated by the objective in view and the use for which the data are obtained. The authors clearly point out that the Fraser and Yancey coal-recovery efficiency formula is influenced by three factors, "one is determined by the coal, one is dictated by market or use conditions, and one is an inherent characteristic of the cleaning unit itself." The formula which uses the inverse of misplaced material as a measure of efficiency is also a coal recovery efficiency formula and is influenced in like manner by these three factors. As the authors point out, both are useless in obtaining data which enables a direct and valid comparison of the performance of a given cleaning unit on two coals where the other two factors vary or of the performance of two or more cleaning units of different types unless the values of the other two factors are identical. Much of the confusion in our discussions of and literature on coal cleaning has come from failure to understand clearly this fact. Many such comparisons have been made from which erroneous conclusions have been drawn. I am, therefore, particularly glad to see the authors' emphasis on 4?-1e criteria which indicate the "sharpness of separation. I feel that these are the essential criteria

Jan 1, 1952

By Charles M. Rolker

I desire to put on record this memorandum and accompanying sketch of a vein examined by me, in Honduras, Central America, which exhibits a well-marked banded structure. The illustration is of natural size: The vein traverses trachytic porphyry. It is from three to four inches wide. The central band, a, is of white quartz, one inch wide

Jan 1, 1886

By Charles Catlett

The rapid development of the Portland-cement industry implies that the country is being very carefully searched for material suitable for its manufacture. Such material can be found at a great many places; but deposits thoroughly satisfactory in chemical composition, and at the same time meeting all the other requirements connected with the economic production and profitable marketing of the product, are exceedingly few, if I may judge from the investigations which I have had to make in a number of States. The raw mixture which by its clinkering and grinding forms Portland cement contains approximately 75 per cent. of carbonate of lime. This is found in nature as limestone or marl. The natural rock commonly carries either more than the required percentage of carbonate of lime (in which case it has to be reduced by suitable admixture of clayey ingredients) or less—in which case purer lime carbonate has to be added. The controlling ingredient, therefore, is carbonate of lime, or limestone of the right composition.

Jan 1, 1908

By John A. Mathews

It is no longer necessary to explain to an audience like this that there are stainless or non-corrosive steels. It is still necessary to repeat, and to keep on repeating, that no one of them is stainless or non-corrosive under any and all conditions. We do not make railroad axles, springs and rails from the same kinds of steel; nor are shafts, steering-arms, gears and cap-screws made from the same type analysis. By analogy with other fields of endeavor, therefore, it is logical to expect that all the myriad conditions of corrosion due to inorganic and organic acids and salts and their mixtures in all degrees of concentration and at a wide variety of temperatures and pressures will require different materials to withstand them. Possibly stainless steel when first introduced a decade ago was expected to do too much, or suffered from overenthusiasm and lack of positive knowledge and experience on the part of its producers. Its name may have been a bit misleading too, for remarkable as this product is, it has its limitations. There are now so many different ferrous products available and calling for recognition, that we may be justified in an attempt at classification. The first division is very simple. 1. Non-corrosive steels that harden by quenching. 2. Non-corrosive steels which do not harden by quenching. We might make the classification still simpler by saying (1) those that harden by quenching, and (2) those that soften by quenching. Of course there is a border line or fringe of compositions which may possess some of both qualities under limited conditions of treatment. I have seen a steel so perfectly balanced on this border line that in its natural condition, as rolled, the outside of a 1-in. bar was soft and the inside hard, and there was quite a sharp line of demarcation in between. The hardness at the center was more than twice as great as at the surface, as measured by the Rockwell test. This border line of products does not include, however, the commercial products now available to solve the problems of industry. Let us examine the products of these two classes: Hardenable Non-cokkosive Steels This group, practically speaking, includes only the products known as "stainless iron and stainless steel." These names have a special sig-

Jan 1, 1927

By John Wulff, R. Buehl, H. Hollomon

Although the main features of the transformations occurring in 18-8 have been published already, certain conclusions merit questioning and discussion. The questions may be summarized as follows : 1. If ferrite is formed by cold-working austenite, what happens to the carbon with which the ferrite and austenitc are both presumably supersaturated? 2. What is the nature of the alpha-ferrite formed at grain boundarices by chromium-carbide precipitation at these boundaries?

Jan 1, 1940

By R. Buehl, John Wulff, H. Hollomon

Although the main features of the transformations occurring in 18-8 have been published already, certain conclusions merit questioning and discussion. The questions may be summarized as follows : 1. If ferrite is formed by cold-working austenite, what happens to the carbon with which the ferrite and austenitc are both presumably supersaturated? 2. What is the nature of the alpha-ferrite formed at grain boundarices by chromium-carbide precipitation at these boundaries?

Jan 1, 1940

By F. R. Jones

T Tahawus, N. Y., National Lead Co. operates the MacIntyre development. Here the world's largest titanium mine produces 5200 long tons of ore per day and pours 8000 long tons of waste rock over its dumps. Concentrated ilmenite is sent by rail to National Lead Co. pigment plants, and a second product, magnetite, is sold to steel producers in raw form or is agglomerated and shipped as sinter. Several earlier attempts had been made to produce iron from the deposits, which have been known since 1826. These attempts failed, chiefly because of titanium impurity. In 1941 the present owners re-established the operation for production of war-scarce ilmenite, and the impurity became the main product.

May 1, 1956

By F. M. Yans, A. D. Donaldson, A. R. Kaufmann

Beryllium was mixed by powder. metallurgical techniques with copper, nickel, iron, and chromium, respectively, to form beryllium -rich binary alloys which Mere then extyuded and rolled transtverse to the extrusion direction. The effect of each alloying element was determined by tensile testing. In solid solution, small amounts of iron and nickel had an embrittling effect, while copper in solution increased the strength but had no effect on ductility. The effect of chromium was complicated and not readily explainable. Observations concerning the planes and modes of fracture were made. BERYLLIUM possesses some very attractive properties for general design applications, especially its strength to weight ratio which is approximately twice that of aluminum and three times that of stainless steel. Equally significant, however, is its combination of high moduli , high strength (approximately 70,000 psi tension and 40,000 psi shear), and low density (0.0658 Ib per in.3), which has made it a potentially important structural material for use in high-speed aircraft and missiles. The main attractions of beryllium are most marked when compared to other constructional alloys now in use. For example, while its density is approximateiy that of magnesium, its modulus of elasticity is approximately seven times that of magnesium, three times that of titanium, four times that of aluminum, and 1 1/3 times that of steel. Furthermore, its relatively high strength and high melting temperature permit design for service temperatures to about 1100°F. It is felt by the aircraft industry in general,' that the high cost of beryllium can easily be amortized by the savings in fuel costs, and increases in aircraft payload and range. The only factor which has prevented the use of the metal in structural applications is its lack of sufficient ductility. It is this property that has retarded the development and utilization of beryllium. Beryllium's modes of deformation, Fig. 1 indicate that the main fracture planes at room temperature in a randomly oriented sample are the (0001) basal planes; the (1150) prism planes are the planes of secondary fracture.' Klein, Macres, Woodard, and Greenspan3 obtained elongations of up to 40 pct in beryllium sheet rolled above 700°C when the (0001) basal planes were oriented parallel to the plane of the sheet (see Fig. 2).

Jan 1, 1962

By B. B. Zavoico

The oil industry in the Soviet Union closed the 1929-1930 operating year fulfilling its assigned program. During this period of time, however, no basic improvements were noted within the industry. A careful study of the conditions indicates that disorganization in most branches increased continually; that supply and transportation problems are approaching a state of breakdown; that labor problems become increasingly difficult and that the estimates for 1931-1933 period are too large. The production of all Russian fields increased by 27,200,000 bbl., as compared with the 1928-1929 operating year, while the next year's program anticipates a further increase of 46,000,000 bbl., and the 1933 plans call for an amazing total of 330,000,000 bbl., or over 150 per cent, more than the production of the operating year that has just closed. Table 1 shows petroleum production in Russia by individual areas and fields from 1916, and furnishes estimates for the three coming years, which constitute the balance of the Five-year plan. A brief analysis of Table 1 will show that the Soviet Planning Commission anticipates that the fully developed fields of the Apsheron-Baku will double their production by 1933, .as compared with 1929-1930, and that the old Grozny fields, which are already showing a tendency to decline, will increase their output from 44,110,000 bbl. in 1929-1930 to 68,000,000 bbl. in 1933. Furthermore, in 1933 new fields are slated to produce not less than 100,000,000 bbl., a figure which even under most favorable conditions in Russia would be hard to achieve. Of course, Russia could develop such production, because the country is not lacking in the prospective reserves, but the transportation in the country today (as in the past.) is in such poor shape that neither the supply of a gigantic oil industry nor the movement of its products is within the realm of possibility. Table 1 shows the future estimated crude oil production as required by the Five-year plan, and also as reasonably estimated by the author, taking into account natural declines in old fields, slow development of new areas and the deficiency of the transport. While in the 1929-1930 operating year only two major fields underproduced (Surakany and Maikop) and the plan was fulfilled to the extent of 97.4 per cent., the production of the last three months of 1930 ("Shock Quarter") indicated

Jan 1, 1931

By T. M. Anderson

Open pit mining at Inspiration began in 1947 after 32 years of underground mining. Two separate pits are included in the operations: the Thornton pit, which measures approximately 2500 x 2000 ft, and the Live Oak pit, which is 1500 x 3000 ft. The geographic centers of the two pits are approximately 4000 ft apart, and at the closest point, the two slopes are only 500 ft apart. Today, much of the open pit mining is being carried out in areas which were broken by earlier underground block caving operations; less than 50% of the total material moved has required drilling and blasting. In the solid or virgin areas, the, material ranges only from soft to medium hardness, thus simplifying drilling, blasting and loading operations. As a result, most mining costs and problems have been centered around truck haulage, truck maintenance and the ever-increasing length of the grade haul.

Jan 3, 1963

By E. A. Jones

THE Southeast Missouri division of the St. Joseph Lead Co. normally hauls and hoists over 5 million tons of lead ore each year. This ore is mined in the stopes and headings of 20 mines, hauled to a main line system, see above, and transported up to 6.4 miles to ore-hoisting shafts. Average haulage distance is 2.16 miles. A few years ago a distinguished mining engineer visiting this area for the first time remarked, "You do not have a mining problem; yours is a haulage problem." Its relative importance may be gaged by the fact that mine haulage represents about 25 pct of the total cost of mining ore, the most costly single underground operation. The Southeast Missouri lead belt is a mining district located about 65 miles south of St. Louis. This district is roughly 6 miles wide and 10 miles long. The ore horizon lies about 400 ft below the surface where most of the ore is mined from flat-lying beds of dolomitic limestone. This paper deals with the central part of the district, namely, that portion which contains a group of interconnected mines all in a central haulage system, serving four hoisting shafts. The two major hoisting operations are carried out at Federal No. 17 shaft and Leadwood No. 12 shaft. No. 17 accounted for about 70 pct of the ore hoisted in the district during 1950, averaging about 14,000 tons per operating day. The underground dumping and skip-pocket system at this shaft is similar to those of the other shafts except that it has two rotary dumps. The other ore-hoisting shafts have only one. It might be mentioned that waste rock is hoisted at still other shafts, hauled off, and dumped on the surface by trucks. The hoisting shafts are on a connected system of about 200 miles of underground 24-in. gage main line railroad. There is also the Bonne Terre system, with its own ore-hoisting shaft, which consists of 13.5 miles of 24-in. gage main line, located in the extreme north portion of the lead belt area. Smaller outlying mines such as Doe Run No. 12 and Hayden Creek operate on trackless or shuttle car haulage. In addition to the system of main line haulage, each contributing mine group has its own extensive system of stope or heading railroad. Trackless mining is making considerable headway in the Lead-wood and Desloge mines. Here the shovel loads into a shuttle car which in turn dumps into mine cars spotted on the main line track system. When the merits of underground haulage and surface transportation are compared, it must be remembered that in early days there were many individual

Jan 1, 1954

By F. Hulsmeir

The increase in drilling activities in Venezuela noted during the latter half of 1932 continued, and 132 wells were completed in 1933 as compared to only 60 completed during 1932. Notwithstanding these new wells, 114 of which were producers, and also the appreciable increase in artificial lifting installations during the year, Venezuelan production was maintained at only a slightly higher level than in 1932, amounting to 120,356,000 bbl. in 1933 as compared to 118,167,000 bbl. in 1932. However, at the end of the year the daily average production of 358,-860 bbl. was 16 per cent higher than that at the end of 1932. Exports from Venezuela recorded an increase of approximately 4 per cent, totaling

Jan 1, 1934

By Charles H. Fettke

The Bradford field of northwestern Pennsylvania and adjacent portions of New York state has attracted world-wide attention in recent years on account of the remarkable success that has been attained in the application of water-flooding as a means of increasing the extraction of oil from a pool that had almost reached the economic limit by ordinary production methods. It is one of the few large oil fields in which artificially conducted water drives have thus far proved successful, although many attempts have been made to apply them elsewhere. As detailed a knowledge as possible of the character of the producing sand in this field is therefore of considerable interest, not only from a scientific but also from a practical standpoint. Outside the Bradford field, such knowledge should aid operators in determining whether or not their sands are amenable to flooding. In the Bradford field itself flooding operations are not uniformly successful over the approximately 85,000 acres of productive area, due in many instances primarily to variations in sand conditions. A knowledge of just what these variations are would often be a great aid in overcoming the difficulties, or else would save considerable sums of money which might otherwise be wasted in experimenting in areas where the chances of success are very small. Realizing that more precise information in regard to the nature of the reservoir rock was essential to improvements in the methods of oil recovery, the Northwestern Pennsylvania Oil Producers Assn., by private subscription of its members, took a core of the Bradford sand from a well 1/2 mile west of Custer City, Pa., during the spring of 1925. The Forest Oil Co. also took a core of the same sand from a well about 8 miles east of Bradford at that time. The cores were submitted to the United States Geological Survey for study and A. F. Melcherl has published the results of porosity determinations on the Custer City core.

Jan 1, 1929

By R. J. Reynik

A semiempirial small flunctation theory of diff- sion in liquids is presented, which employs a fluctuation energy assumed quadratic for a small atomic or molecular displacement and Einstein's random-iralh model. The resulting diffusion equation is given by In these equations. D is the diffusivity, is the average liquid shite coordination number (at interatomic distance d. cm. T is the absolute temperature, xu. em, is (the diffusive displacement. K, is the quadratic fluctuation energy force constant, and rg, cm, are the radii oj diffusing atoms A and B, respectively. The quantities Xn and K are calculated from the computer-filled values of the slope and intercept. respectively. The radius of self-diffusing atom or radii and of diffusing atoms A and B are eta United and compared with values reported in the literature.. The predicted linear variation of diffusivity with. It tempera lure htm been observed in approximately thirty-iire metallic liquid systems, and in over seventy-fiee other liquid systems, including the organic .alcohols, liquified inert gases, and the molten salts, ALTHOUGH the average density within a macroscopic volume element of liquid is constant for fixed total number of atoms. pressure. and temperature, there exist microscopic: density fluctuations within the respective volume element. As such the microscopic volume available to an atom and its Z first nearest neighbors at any instant of time fluctuates above and below the average volume available to these atoms. If one assumes that liquid state atoms vibrate as in a solid. and further postulates that the mean position of any atom in the liquid state is not stationary. but shifts during every .vibration a distance 0 5 j 5 xo. then every atom in the liquid state continuously undergoes diffusive displacements which vary in the range 0 5 j 5 ro. Mathematically. for a binary liquid system consisting of atcrms A and B. the maximum diffusive displacement. .YO, is defined by the equation: where d is the average liquid state interatomic distance at specified liquid state coordination number Z. and v~ \ and vg are the effective radii of diffusing atoms A and B: respectively. For self-diffusion. r^ equals rg , and Eq. [I.] reduces to: It is interesting to note that Eq. [l] or [2] can be used to compute the radii of the diffusing atoms, provided one had an experimental evaluation of xo. As such. the computed radii could be compared with metallic or crystallographic ionic radii to ascerlain the electronic character of the diffusing atoms. Thus it is proposed that in the liquid state the n~otion of an atom relative to its original equilibrium position of oscillation represents the thermal vibration of any atom and its Z first nearest neighbors. while the small and variable displacements. 0 5 1 5 xc,. of the centers of oscillation represent the complex diffusive motions of the atoms at constant temperature and pressure. This is consistent with data obtained from slow neutron scattering by liquids1 ' and resembles an itinerant oscillator model of the liquid state.'" It is further postulated that the atomic displacements characterizing the liquid state diffusion process are essentially a random-walk process. As such. it nlay be described by Einstein's equation:' where D is the diffusivity. sq cm sec-'. j2 is the mean square value of the diffusive displacement. and i> is the frequency of density fluctuations giving rise to diffusion. FORMULATION OF DIFFUSION EQUATION The effective spherical volume occupied by an atom, as a consequence of a microscopic density fluctuation which enlarges the volume available to any atom, exceeds its average liquid state atomic volume by an amount: where AV is the enlarged spherical volume, v is the radius of the diffusing atom. and j is the elementary displacement distance from the original center of oscillation of the vibrating atom to a new center of oscillation position. For small atomic displacements. where c is a constant whose value depends upon the assumed geometry of the enlarged volume. For a spherical increase in volume, c equals 4nr2. Following the treatment of Furthl' and ~walin." assuming the enlarged volu~nes AL7 for the diffusing atoms are distributed in a continuunl. the probability of finding a fluctuation in the size range 0 5 j 5 xo defined by Where c includes the geometric constant cl and Eij) is the fluctuation energy causing the volume change. But the proposed model assumes all the Z first nearest-neighbor atoms are centers of oscillation. and hence the probability that any of these atoms is adjacent to a fluctuation of magnitude 05j5xo is unity. Thus:

Jan 1, 1970

By J. L. Bray

IT is well known that iron markedly improves the physical properties and casting characteristics of aluminum bronzes. The use of 1 to 4 per cent iron as the principal modifying addition has become common practice in many foundries melting aluminum bronzes. Although the beneficial effects of iron are unquestioned, there is some uncertainty regarding the structural changes caused by it in the basic copper-alumi-num system. It is agreed that a new constituent appears in abundance when the iron content reaches 2 to 4 per cent. This constituent, which frequently occurs in shapes resembling clover leaves, is sometimes assumed to be an aluminum-iron intermetallic compound. If this were correct we might expect a change in the structural relationships of the matrix in the direction of decreased aluminum content. On the other hand, it has been reported that iron has a negligible effect in altering the fundamental relationships of copper-aluminum alloys1. Others2,3 have reported an additive coefficient. Apparently it will be necessary to know the equilibrium relationships between the phases of the copper-aluminum-iron alloy system to establish any such theory as fact. When this has been done it may very well be that a further revision in the structural relationships may be necessary to describe the changes to be expected in commercial cast alloys. It was with this latter problem before them that the authors attempted to

Jan 1, 1936

By George H. K. Schenck

The investment analysis methods that are most generally accepted in the mineral industries in the mid-80's are presented along with their advantages and disadvantages. Also covered are current widely-used practices for introducing the uncertain nature of most of the important variables in an investment analysis, which is contrasted to the former dominance of deterministic analysis. Finally, the discussion turns to current practice for handling the two critical areas: cost of capital and inflation. The advice contained is reinforced with data from a survey of current practices in the petroleum industry.

Jan 1, 1985