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Jan 1, 1938

[Executive J. V. W. REYNDERS, Chairman WILLIAM H. BASSETT E. DEGOLYER I-I. C. BELLINGER RICHARD PETERS, JR. Finance GEORGE OTIS SMITH, Chairman H. A. GUESS F. JULIUS FOHS Admissions GEORGE D. BARRON, Chairman DAVID LEVINGER P. A. MOSMAN H. K. MASTERS J. A, SINGMASTER Alternates F. G. BREYER C. W. HAMILTON F. E. PIERCE]

Jan 1, 1928

By AIME AIME

LIFE will not be difficult for those who attend the fall meeting of the Petroleum Division at the Conoco Club, Ponca City, Okla., Sept. 30-Oct. 1. An attractive program to appeal to oil company executives and lawyers, as well as technologists, has been arranged and the Continental Oil Co. has contributed for the occasion the buildings, grounds and facilities of the club. E. 0. Bennett, Continental Oil Co., Ponca City, is chairman of the arrangements committee, and reservations for rooms and trips, requests for information, etc., should be sent to him.

Jan 1, 1932

Jan 1, 1967

Jan 1, 1967

Jan 1, 1896

By W. S. Ayres

Jan 1, 1933

[University of Alaska College, Alaska Mining Society TOM CHRISTENSON, President MARY ANN KISER, Secretary H. G. WILCOX, Faculty Sponsor WM. FACKLER, Counselor University of California Berkeley, California Mining Association JOHN W. COOK, President LORETTA A. RICHTER, Secretary W. S. WEEKS, Faculty Sponsor]

Jan 1, 1946

Jan 1, 1934

Jan 1, 1955

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Jan 1, 1938

By Jay N. Fairbanks, Richard G. Robinson

This paper discusses a computer program and related formulas for fire fighting responses by coal mine personnel. The computer will interpret the mine air analysis, print reports, and provide relevant graphs allowing quick and accurate responses to coal mine fires.

Jan 1, 1983

Jan 1, 1924

Jan 1, 1924

By John Hays Hammoud

At the Annual Business Meeting of the Institute, held February 19, 1907, the following persons were elected Council. President of the Council, John Hays Hammond, New York, N. Y. Vice-Presidents (for two years), Samuel B. Christy, Berkeley, Cal. ; John A. Church, New York, N. Y.; Persifor Frazer, Philadelphia, Pa. Councilors (for three years), B. F. Fackenthal, Jr., Easton, Pa.; H. 0. Hofman, Boston, Mass.; Walter Renton Ingalls, New York, N. Y. Secretary. of the Council (for one year), Rossiter W. Raymond, New York, N.Y.

Mar 1, 1907

By Thomas Leonard Watson

Jan 1, 1906

INTRODUCTION Mineral explorationists range throughout the world looking for mineral deposits which can subsequently be made into mines. Mines are not found! Mines are made, usually at great cost and not often without significant risk. The process of making a mineral deposit into a mine involves a great deal more than a complete appraisal of the deposit. The making of a mine demands detailed feasibility studies of many factors, any one of which, if shown to be negative, could prevent the deposit from becoming a successful mine. Total feasibility analysis involves at least three major fields of study: (1) economic analysis, (2) financial analysis, and (3) political and environmental analysis. Economic analysis is essential for proper decision making at many stages in the evaluation of a mineral deposit. It is the yardstick by which the proposed mining project and alter- native investment opportunities are measured. Economic analysis is concerned with costs and potential profits and can be applied at various stages in the evaluation of a mineral deposit to determine if the project merits the additional funds necessary to bring about each succeeding stage. The nearer any deposit approaches to becoming a mine, the more carefully the economic analysis should be made. Financial analysis has reference to how, where, and at what cost the investment funds can be obtained to finance the proposed mine project. Political and environmental analysis has reference to the many intangible factors that can affect the making of a successful mine. These factors loom larger today than ever before, due to the profusion of government regulations and various environmental constraints now imposed upon the mineral industry both by law and by the weight of public opinion. Ultimately, many of these intangible factors can be resolved back into the economic analysis as an added cost to mine development, but more and more often they have become insurmountable obstacles to any development of certain deposits. The role of financial analysis and the analysis of intangible factors must never be underestimated when making a feasibility study upon which to base investment decisions; however, the emphasis of this text will be upon economic factors. THE PARAMETERS OF MINERAL ECONOMIC ANALYSIS The two major elements of economic analysis are: 1) The potential earnings or annual generated cash flow of the project. 2) The investment costs necessary to realize such earnings. If the difference between the two elements is large enough, i.e., if the return on investment from the cash flow is high enough to attract investors, the project can be said to be financially feasible. The mineral economic analysis must take into consideration many parameters, some of which are known or knowable within certain limits, and others of which are unknown or unpredictable within certain limits and for which estimates must be made. Because both known and estimated parameters enter into the same analytical computations, it is important for the analyst to realize the nature of each when considering the results of an analysis. Some parameters such as the grade of mining block, although estimated, are said to be known within mathematically defined limits. Other parameters, such as the future price for minerals produced, etc., can only be estimated or "guestimated" within reasonable limits for which no precision can be assigned. Known or Knowable Mineral Economic Parameters Known or knowable parameters are: 1) Tonnage and grade of valuable minerals for the total mineral body and for individual mining blocks. 2) Metallurgical recovery of valuable mineral. 3) Minimum operating life of mineral de- posit at any specified production rate. 4) Royalty schedule, property payments, etc. 5) Sales-purchasing agreements, smelter schedules, marketing contracts, etc.

Jan 1, 1980

Jan 1, 1967

Jan 1, 1963