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Shane is enjoying his new work. Six months ago, he was stocking shelves at his local supermarket and decided to make the big move to a job in mining with more challenge and, of course, more dollars. He's been through his inductions, received his training tickets and is now working in a crew of eight underground at a fly-in, fly-out (FIFO) operation. There are many more systems and processes here than in his retail job, and Shane's comfortable that his safety is being looked after. He is enjoying the continually changing work and conditions, it makes the job interesting. It's taking some time to get used to the roster and he is worn out by changeover, but he gets more time with friends and family during R & R.   Generally, the mining industry has a maturing safety culture and well developed systems. This sometimes lulls people into a false sense of security. Safety systems cannot anticipate every possible situation, nor can they replace people's perception, thinking and decision-making. To manage safety, it's critical to find the right balance between dependence on systems and a healthy fear and respect of risks we face.   As safety standards are raised, systems tend to get more thorough and complex. When a new person joins a mining crew, we induct and train them to provide the information they need. As labour availability again becomes short, and many new people join our industry, we shouldn't assume they know the fundamentals. We need to explain not only what they are expected to do, but why doing what we ask and expect will keep them safe. We must equip people to deal with both the routine and the unexpected.   This presentation explores the challenges of balancing a structured, systematic approach to safety with the need to also equip people to deal effectively with risks everyday in dynamic and extraordinary situations.   Session purpose Introduce participants to a way of looking at risk from a different perspective, as a force for change and progress, if managed well. Demonstrate that risk is something we need to engage with emotionally as well as physically, if we want our risk management efforts to be successful. This purpose will be achieved through an entertaining and engaging presentation, using photos and case studies. The session will initiate interest to explore new ways of thinking about risk and generate discussion about the balance between people and systems. What is the right balance and why getting it right enhances the safety culture, while getting it wrong can impact on safety, business performance and sustainability.

Jun 1, 2010

The equipment and general smelter layout for the Mount Isa Copper Smelter were designed by engineers associated with the American Smelting and Refining Company and by Mount Isa staff engineers. The final notice of site was dictated by the need for 'building the smelter near the existing Mount Isa power house to enable full use to be made of the steam from the waste heat boilers. Although much excavation work was necessary before concrete foundations could be poured, the location lends itself to further expansion should it become necessary. The plant is designed and constructed to involve straight line smelting operations which include the following major steps in the overall scheme.1. Charge make-up.2. Roasthig.3. Reverberatory smelting.4. Converting.5. Refining.6. Casting.CHARGE MAKE-UPA system of proportioning bins is provided for preparing the feed mixture for the roasters, Sulphide concentrate containing 24% copper wiil be delivered by belt conveyor from the filter plant to the smelter storage patio. This is a large roofed concrete floor that provides a maximum storage capacity of 8,000 tons of concentrate. Eight proportioning bins located below but adjacent to the south end of the patio will be used for actual charge make-up from which concentrate, ore and flux will be proportioned to the feed belt and conveyed to the roaster feed hoppers. Four of the proportioning bins, 80 tons capacity each, will receive...

Jan 1, 1953

By J F. Carswell, G Cheshire

The Pajingo gold operation in Queensland is approximately 55 km south of Charters Towers and 134 km south-west of Townsville. The gold deposit was discovered on the northern end of the Drummond Basin in 1983 and first open pit production began in 1986. Mining progressed underground in the 1990’s and gold production peaked in the early 2000’s as the main Vera/Nancy lodes were extracted, producing 330k oz in 2003 (a record at the time). More recently, as Ore Reserves and grade have diminished, the mine has had to develop innovative mining practices to maximise recovery of the remaining Mineral Resource. This has included a modified sublevel caving method against previously mined/backfilled zones. The method has been coined modified sublevel shrinkage (MSLS). Full scale trials of the new mining method have been successfully completed. This has allowed the site to revaluate the Mineral Resource and include areas into the Ore Reserve that were once deemed sterilised, adding significant value to the operation and extending its life-of-mine. This paper describes the first of two large scale MSLS trials and key operational learnings from it.

Mar 15, 2021

By I Gray

This paper examines the effects of the changes in stress that a coal may undergo as part of the drainage process. As a consequence of this, some coal seams will come to the situation that they have zero horizontal stress existing within them at the time of mining. The hypothesis of this paper is that this lack of horizontal confining stress means that on mining, the vertical stresses may be easily raised to a level where failure occurs. This failure may be accompanied by significant energy release from energy stored within the coal as well as that coming from the roof and floor. To determine the state of stress within the coal seam, the concept of the effective stress path that the coal passes through is examined and is found to be very dependent on the shrinkage of the coal with degassing, the Young’s modulus of the coal and its Poisson’s ratio. The Young’s modulus of the coal is important and has been found to be highly dependent on the state of stress within the coal. It may change by more than an order of magnitude.CITATION:Gray, I, 2014. The consequences for pillar stability of zero confining stress brought about by forced or natural drainage, in Proceedings AusRock 2014: Third Australasian Ground Control in Mining Conference , pp 331–336 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 5, 2014

By S Dorrington, J Olsen, N Kinkaid

Several studies have been conducted on the economic analysis of mining near-Earth asteroids for resources for use in Earth orbit. While these studies use detailed economic figures of merit, they often use many invalid assumptions in the trajectory design. Factors such as the energy and propellant requirements are estimated with analytic methods, however, the stay-time at the asteroid and the spacing of repeated launch opportunities are not taken into account. The work outlined in this paper attempts to combine detailed trajectory design methods with newly defined economic figures of merit to improve the economic assessment of asteroid mining missions. The study focuses on asteroid 2014 EK24, a near-Earth asteroid with very Earth-similar orbital properties.CITATION:Dorrington, S, Kinkaid, N and Olsen, J, 2015. Trajectory design and economic analysis of asteroid mining missions to asteroid 2014 EK24, in Proceedings Third International Future Mining Conference, pp 281–288 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By F Cesnik, P Griffin, S Green

In July 2004 a flotation concentrate regrind circuit was commissioned in the æHigh GradeÆ Ridgeway concentrator at NewcrestÆs Cadia Valley Operations. This was the culmination of two years of project testing, process design and planning which commenced shortly after commissioning the concentrator in March 2002. During the two-year project evolution alternative grinding technologies were evaluated from conventional ball milling through to sand milling. A Detritor mill was eventually selected for the duty and the criteria on which this selection was based will be presented. As the project evolved so too did the equipment sizing with the concentrator quickly exceeding design capacity of 4 Mtpa and currently averaging 5.6 Mtpa, the process design had to accommodate this and future potential throughput increases. This paper will focus on the supporting testwork, circuit surveys and concentrate properties which were used as the design basis for the project. The economic evaluation which led to the project receiving board approval in November 2003 will also be presented. Detailed design and construction management issues will be discussed as will preliminary results and findings up to November 2004.

Jan 1, 2005

By M Armony, J F. C L Costa, J C. Koppe

Linear kriging methods fail to estimate local grades and local reserves for highly skewed variables due to three reasons: it uses only part of the available data information, it has no physical principles associated with the mathematical proceedings to minimise the problems, and it works with continuous variables while data are discrete because of the limited precision of any equipment. The techniques commonly used up to now to solve the highly skewed variables estimation problems were unsuccessful, unless mathematical rigor is abandoned. Even the method of multiple indicator kriging is not satisfactory. This paper presents a new framework, the field parametric geostatistics (FPG) that transforms noisy variograms into well-behaved variograms and justifies mathematically empirical procedures commonly used, as trimming or capping arbitrarily very high values. The method, when applied to non-skewed variables, yields similar results to classic kriging. The methodology is illustrated in a case study at a gold deposit in Brazil, and compared to results obtained by usual techniques.

Sep 26, 2011

By D Hodson

Current classification of resources is entirely a subjective task. The various international reporting codes (such as the JORC Code) provide Competent Persons and practitioners with little specific guidance on the standard of work and levels of uncertainty required to classify resources into Measured, Indicated and Inferred. Furthermore, little guidance is given in the conversion of Resources to Reserves and the potential impacts on classification of uncertainties in the modifying factors. Working back from the intended use of the resource estimates, and in understanding the tolerance for uncertainty by the end user of such estimates, insights into the objective and requirements of classification can be determined. Following this approach a comprehensive set of (quantitative where possible) guidelines have been determined that will ensure resources meet the desired objective of each classification, and are consistent and comparable. The guidelines look at what is required for each step in the resource estimation process in order to ensure the final resource estimate meets the desired level of confidence. This approach provides a transparent, comprehensive, justifiable and largely objective method of classification. The implication of introducing such a guideline or approach is to highlight areas of a resource estimation that do not meet the requirements (ie drive the uncertainty beyond the objective) and then focus in on the risks that may flow on from that particular uncertainty, to mitigate or attempt to control those risks.

Jan 1, 2006

The paper presents an algorithm for calculating the natural air distribution in a ventilation network (sub-network) on the basis of following data: - for each network branch: labels of starting and ending nodes, label of the branch, resistance and natural depression; - for each fan: the characteristic in the form of a second order equation and initial flow.

Jan 1, 1977

By E R. Ramanaidou, M A. Wells

Reflectance spectroscopy is now an established technique for mineral exploration and ore characterisation. The efficacy of the technique as a tool to characterise the main iron ore and gangue mineralogy at African Minerals Ltd’s Simbili iron ore deposit in north-central Sierra Leone was tested through reflectance spectroscopic analysis of 13 000 pulped drill reserve samples using CSIRO’s HyLogger-1™ system. Specifically, integration of reflectance spectral data with more traditional methods of analysis, such as geochemical analysis and Satmagan measurements, characterised the mineralogy (ie hematite versus goethite) of the oxidised ore at Simbili, quantified the Al associated with goethite and hematite and evaluated the distribution of the main gangue minerals – kaolinite and gibbsite. Relative changes in the Fe2+/Fe3+-bearing oxide and silicate mineralogy, based on mineral indices derived from reflectance spectroscopic measurements, appeared well-related to changes in the ore profile mineralogy consistent with the main ore types identified at Simbili, as representative of an oxidised banded iron formation sequence. Spectral calibration models, developed from a well-characterised training set of mineral mixtures, representative of the oxidised ore zone mineralogy were used to quantify the distribution of Al associated with kaolinite and gibbsite and the iron oxides, goethite and hematite. Combining these mineral spectral parameters with compositional data enabled the differentiation of Al-substituted goethite and hematite and resulted in the identification of low Al-bearing, or ‘clean’, goethite and hematite from high Al-bearing, or ‘dirty’, goethite and hematite. Spectral quantification of the iron oxide Al composition provides a far more rapid means of quantifying the Al substitution in iron oxides at the deposit scale compared to traditional techniques such as X-ray diffraction analysis. It also enables a level of volumetric characterisation and the potential for large-scale (ie three-dimensional) mapping, which was not previously possible with other techniques. The potential of the technique was also highlighted when mapping the distribution of the main Al-bearing contaminants (gibbsite and kaolinite) identified in the oxidised ore zone at Simbili. Delineation of such zones provides a guide to managing the most appropriate processing options (ie upgrade potential) within a mineralogical framework. Three-dimensional modelling of the gangue phase distribution may also allow the mapping of lithological and/or structural controls that may be prevalent at Simbili. This work highlights the value in the application of HyLogging™ technology for rapid resource characterisation, particularly for volumetric identification and mapping the distribution of both the economic and gangue phases, which otherwise would be difficult to achieve. As such, the technique can provide a fast and inexpensive means to evaluate ore and gangue mineralogy at the deposit scale and provide a first-pass assessment of the mineralogy and compositional attributes, with the potential to better predict ore metallurgical properties.CITATION:Wells, M A and Ramanaidou, E R, 2015. Waste not, want not – delving deeper into the Simbili iron ore deposit using HyLogging™ scanning technology, in Proceedings Iron Ore 2015, pp 337–346 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By J Pan

This case study assesses the application of Mine-to-Mill optimisation combined with Whittle Consulting’s Prober<sup>®</sup> economic optimisation for the purpose of economic value uplift in open cut base and precious metal operations. The study extends the application of these optimisation methods to incorporate the recent practice of Ultra High Intensity Blasting (UHIB) developed by Orica Mining Services. The case study deposit known as “Marvin” is a copper/gold porphyry resource that is commonly used in optimisation software training and industry case studies. It has many similarities to Newcrest’s Cadia Hill open pit mine in NSW. Prior desktop research and industrial trials employed static assessments of Mine-to-Mill effects. No prior work other than a Whittle Consulting client study, has sought to assess the impact of variable fragmentation on enterprise economic value. This study examines the use of variable blasting intensity as a driver of economic value maximisation over the mine’s life.CITATION: Howe, S and Pan, J, 2018. Application of enterprise optimisation considering ultra high intensity blasting, in Proceedings Complex Orebodies Conference 2018, pp 14–20 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 21, 2018

By L O. Filippov, I V. Filippova

Subsea massive sulfide deposits have particular mineralogical compositions and textural features differentiating them from onshore ore. When extracted from salty water and exposed to the air, massive sulfide samples strongly oxidise and soon become covered by thin layers of iron, copper and zinc-rich sulfates and oxides, as well as elemental sulfur. The textural properties vary according to the degree of maturity and the sample position within the hydrothermal deposit. Because of the variation of secondary mineralisation and porosity level, sea floor massive sulfides respond differently from terrestrial ore to processing methods. Froth flotation, commonly applied to separate all types of sulfides from the gangue minerals, is one possible treatment technique to process sea floor ore. Sulfide recovery rate is, in most cases, excellent (>90 per cent). However, separation of the various mineral phases is difficult to obtain even when applying known methods used for onshore ore. Moreover, the flotation behaviour decreases dramatically with time of conservation, even when the samples were stored in a confined environment. High pH range, which is a good way to depress pyrite and therefore to favour the flotation of copper and zinc sulfides, does not have the same effect on subsea ore. Consequently, careful flotation procedure should be elaborated to obtain efficient mineral separation for this specific marine ore.CITATION:Filippov, L O and Filippova, I V, 2015. Processing of subsea massive sulfide ores by flotation – similarity and features with terrestrial ores, in Proceedings Third International Future Mining Conference, pp 239–244 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 4, 2015

By M Forbes, R Jeuken

Brownfields geoscience measurement such as drilling and surface geophysics can be costly and it is often difficult to weigh the cost of data collection and processing against the value it unlocks at the time of extraction. This makes it difficult to prioritise geoscience expenditure and find the optimum intensity of geoscience activity across competing assets. There are multiple options for managing resource uncertainty and spatial variability through mine planning and resource engineering such as varying marketing strategy, adjusting stockpile or other infrastructure design and product blending. Consideration of these alongside increased data collection further complicates finding a comparable value of geoscience programs to determine the right blend of geoscience measurement and engineering controls. Concepts similar to Value of Information (VOI) analysis which is applied to strategic planning can be used to estimate the value of geoscience measurement and pit sequencing at tactical planning and operational timescales. This involves the quantification of resource uncertainty and prediction of how it will affect resource extraction. This paper outlines this process and demonstrates its use to prioritise geoscience at BHP Coal Assets. The value of infill drill programs in enabling operational stability is quantified and compared the value of engineering controls like increased stockpile capacity. This study supports that idea that the application of VOI methods to bulk mining at tactical time horizons has potential to inform geoscience planning and resource engineering not just separately, but as part of a unified strategy for managing resource uncertainty.

Mar 22, 2022

By T Napier-Munn, E Louwrens, L Keeney

Geometallurgical characterisation of ore deposits is accepted practice in some parts of the mining industry today. Its primary aim is to provide constrained inputs that reflect inherent geological variability and its impact on metallurgical performance for the deposit. Geometallurgy improves project value because it suggests more valuable alternatives for scheduling and processing through an increased knowledge and understanding of the interactions of rock properties and extractive technologies. Lower project cost (both capital and processing) and improved recoveries are the result from closer tailoring of the mining and mineral processing strategies to the characteristics of the resource (Dunham, Vann and Coward, 2011). Tailings storage facilities (TSFs) can be seen as potential resources and it is argued that fundamental geometallurgical characterisation as applied in ore deposit characterisation should also be applied to planning the retreatment of TSFs. This paper will describe a research project at Julius Kruttschnitt Mineral Resource Centre assessing if geometallurgical principles and methodologies can successfully be applied to TSFs as they have been to primary deposits. The project is establishing a new standard method of tailings evaluation which will include a 3D spatial model of the tailings resource. Initial domaining of the TSFs was done using principal component analysis followed by k-means cluster analysis based on chemical assays from drill core samples. The subsequent characterisation of the drill core samples has involved chemical, mineralogical and metallurgical profiling, with a range of metallurgical tests being conducted on the samples. This characterisation step is followed by class-based analysis, predictive modelling and process performance domaining with the ultimate objective of establishing a 3D spatial model incorporating geochemical, mineralogical and metallurgical performance data. This approach, which takes into account processing performance permits a more realistic (as compared to doing limited chemical assays and metallurgical testing) economic evaluation of the potential of reprocessing the tailings material. It is believed that the approach is generic and can be applied to other TSFs being considered for reprocessing. The present case study has also established the gold, copper, magnetite and cobalt deportment for an iron oxide copper-gold deposit tailings resource.CITATION:Louwrens, E, Napier-Munn, T and Keeney, L, 2015. Geometallurgical characterisation of a tailings storage facility – a novel approach, in Proceedings Tailings and Mine Waste Management for the 21st Century , pp 125–132 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 27, 2015

By M Morey

Ok Tedi Mine is located eighteen kilometers from the Irian Jaya border in the Star Mountains, Western Province, Papua New Guinea. Sequential flotation concentrators produce a copper / gold concentrate for market, and a pyrite concentrate for environmental containment, with low sulphur tailings from the pyrite flotation sequence being discharged to river. Strict sulphur assay targets are set for the riverine discharge. Current porphyry and skarn ore blends from open pit operations at Mt. Fubilan will cease by 2017. However, drill cores indicate an economic ore body in the skarn ores surrounding and below the current pit limits. With proposed mining from a western pit wall ‘cut back’ and an eastern pit wall underground operation, potential for ore ageing in sub level cave underground stockpiles is apparent. With little information in the literature, Ore Ageing test work at prefeasibility level consisted of multiple one tonne stockpiles of -50 mm crushed rock. For the bankable feasibility study, a successful test work program was implemented utilizing 40 tonne ROM ore stockpiles composed of exposed pit extensions of future ores. Realistic ageing profiles of Skarn ores were obtained from one tonne monthly samples subjected to laboratory testing. Test work outcomes included:• Similar ore ageing profiles from both the pre feasibility study (PFS) and feasibility study (FS) programs, suggesting ore susceptibility to oxidation has greater effect in ore ageing than rock size for Ok Tedi skarns. • Laboratory rougher flotation of pyrite showed significant variation in sulphur recovery rate, suggesting three classes of pyrite floatability.• Laboratory rougher flotation of both copper and pyrite for up to 19 months ore ageing from 11 stockpiles, suggested three stages in the ore ageing process.

Aug 8, 2011

By A D. Bugarski, B R. Conard, G H. Sc

The objective, of the Diesel Emissions Evaluation Program (DEEP)-sponsored project at IncoÆs Stobie mine, was to conduct a long-term field evaluation of selected diesel particulate filter (DPF) systems, available to the underground mining industry. Nine state-of-the-art DPF systems were retrofitted to heavy-duty and light-duty vehicles and were subjected to extensive long-term in-mine evaluation. Periodic efficiency tests were conducted at various stages of the study (in 2001, 2002 and 2004) to establish in-use efficiencies and durabilities of the tested DPF systems. During efficiency tests, the vehicles/engines were operated over several steady-state operating conditions. Various instruments were used to measure particulate and gaseous emissions upstream and downstream of the filter systems. The results were used to assess the effects of the filter systems on the concentrations of diesel particulate matter (DPM), nitric oxide, nitrogen dioxide and carbon monoxide in the vehicle exhaust. Experience with the operational issues related to deployment of the filter systems on underground mining vehicles, coupled with the assessment of the filtration efficiencies, were the primary objectives of the study. The variety of filtration systems and regeneration concepts used in this study offered the opportunity to investigate the advantages and disadvantages of the various types. Some of the major issues studied were criteria for selecting the filter media, means of regeneration, the long-term operational reliability, and the occurrence of unwanted secondary emissions.

Jan 1, 2005

By J Levett, O Rondon, I Glacken

Reporting Codes are not prescriptive on methodologies to report or classify Mineral Resource Estimation results, but the assessment of risk and uncertainty is required, and is likely to be increasingly important in future Code updates. The 2012 JORC Code indicates that relative confidence in tonnage-grade estimations should be considered for classification, and that there should be a discussion of relative accuracy and confidence levels in the Mineral Resource Estimate. These considerations are also relevant to the drill hole spacing required for various classification categories, along with other geological and data quality criteria. This paper summarises the theory, principles and current practice of various drill hole spacing analysis techniques for both achieving a desired level of resource categorisation and for optimising grade control or resource drill-out costs. The authors provide practitioners with a guide in their use to assess uncertainty and relative accuracy, as illustrated by a number of case studies. While all drill hole spacing studies rely on the assumption of consistency of the continuity model from current to future drilling, the range of methods available provide much more objective outcomes than previously adopted ‘rules-of-thumb’.

May 24, 2023

By P J. Howard

Atlas Iron Limited’s McCamey’s North project lies at the eastern end of the Hamersley Basin, approximately 50 km east of Newman, Western Australia, and 3 km northeast of BHP Billiton’s Jimblebar Mine. The presence of significant surface iron mineralisation identified during field reconnaissance, has subsequently been further defined by detailed mapping and RC drilling.The project area is dominated by outcrops of moderate to steeply north and south dipping banded iron formation, cherts and shales of the Boolgeeda Iron Formation overlying rhyolites and rhyodacites of the Woongarra Volcanics. In lower lying areas recent colluvium and alluvium mask the Archaean geology. Drilling and downhole geophysics has allowed a composite stratigraphic section to be compiled through almost the entire Boolgeeda Iron Formation.Surface orientations and subsurface stratigraphic correlations using natural gamma logs indicate large scale open folding about east-west trending fold axes across the project area; while small scale tight to isoclinal folding with similar fold axis orientations are visible at the outcrop scale. These folds are cut by a number of moderate to steeply south-dipping normal faults defining a series of north-dipping fault blocks which repeat the stratigraphy across the project area.Bedded iron mineralisation consists mainly of haematite-martite and goethite ores with best results of 78 m @ 60.5 per cent Fe. Vitreous goethite is observed at the surface of the mineralised horizons. The mineralisation exhibits a strong stratigraphic control and extend down-dip up to 120 m below surface. The strike extent of the mineralisation is still to be determined. An inferred resource of 39 Mt at 58 per cent Fe has been defi ned to date (ASX: AGO 3 February 2011).The fi ndings at McCamey’s North indicate that there is potential for economic iron mineralisation to exist in other areas of Boolgeeda Iron Formation within the Hamersley Basin.

Jul 11, 2011

Environmental considerations were key factors in the design of the Ranger Uranium Mines treatment plant. The mine is located adjacent to the Kakadu National Park and has an average rainfall of 1.6m per annum. Initially, no contaminated water or liquid effluents are to be released from the project area and thus water management is a key design and operating fact. Particulate and gas emission criteria influenced design as did occupational hygiene factors (dust, radon, housekeeping, maintenance access). Equipment selection and engineering standards were conservative and resulted in the plant attaining design performance in less than three months from the date of commissioning. A number of mechanical and operational problems were experienced and are discussed in the paper, however none of these problems have had a significant effect on production.

Jan 1, 1984

The treatment of slimes has of late years been the chief difficulty in connection with cyanide work, in which much time and money has been spent in endeavouring to find a practical solution of this problem.The processes at present in use are:-1. Filter pressing, as practised in Western Australia.2. Decantation, as practised in South Africa.Filter pressing after apitation affords a ready and efficient means of separating the gold bearing solution from the slimes and admits a perfect washing thus ensuring a high extraction but the very high working costs forbids its application except on high grade material, the chief items being the necessary large amount of labour, compressed air, and general upkeep, none of which can be materially reduced. The decantation method has the ad vantage of low working cost but on the other hand the low extraction obtained, due to imperfect washing, the length of time occupied in' the treatment, and the enormous bulk of solutions to be handled, are serious disadvantages.In either process it is absolutely necessary to obtain a perfectly clean solution before starting the gold precipitation by zinc, which is a source of much trouble. Also the high first cost of installing either plant is such that they can only be adopted on mines with very large working capital.

Jan 1, 1903