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By T. Tamenti

The purpose of the project was to conduct a feasibility study to determine if the current operating bottom dump trucks that haul coal should be replaced with rear dump trucks. The engineering availability of the bottom dump trucks was lower than targeted while the operating costs are the highest of all coal haulers within the Anglo Coal opencasts. To determine if it is feasible to replace the current bottom dump trucks with rear dump trucks, a production profile simulation was conducted to determine the number of rear dump trucks that would be required to meet the annual coal hauling requirements. The total capital and operating costs of these rear dump trucks were also determined using a total cost of ownership model. These were compared with the current costs of the bottom dump trucks to determine if it is financially feasible to replace the bottom dump trucks with rear dump trucks. Having considered the capital outlay that would be required to replace the bottom dump trucks with rear dump trucks as well as their respective operating costs, it was concluded that the current bottom dump trucks should be replaced with rear dump trucks. Other factors were considered in coming to this conclusion.

Jan 1, 2007

1. Book reviews Tungsten: 1982. London, Mining Journal Books Ltd, 1982. 179 pp. Reviewer: G.A. Brown The geology of industrial minerals in Canada, edited by G.R. Guillet and Wendy Martin. Canadian Institute of Mining and Metallurgy, special volume 29. Reviewer: R.W.O. Kersten Foam flotation - theory and applications, by Ann N. Clarke and David J. Wilson. New York, Marcel Dekker, 1984. 418 pp. Reviewer: B.K. Loveday Industrial and financial indicators of the steel industry, by Patrick Genevaz. Paris, La Chambre des Cartes, 1982. 2 vols. Vol I: Analysis and conclusions, FF3500. Vol. 11: Tables, FF4000. Reviewer: R.J. Dippenaar An encyclopaedia of metallurgy and materials, by C.R. Tottle. Plymouth, Macdonald and Evans and The Metals Society, 1984. 481 pp. RI44,50. Reviewer: P. T. Wedepohl The role of crack growth in metal fatigue, by LP. Pook. London, The Metals Society. Reviewer: C.A. Boothroyd Hydraulic coalmining - new technology and its geological and industrial significance, by H.C. Siebert. Hamm, Zentraldruckerei BAG, 1984. 33 pp. Hydraulic coalmining - hydromining update: potential impact on coal deposits and coal mining industry, by H.C. Siebert. Hamm, Zentraldruckerei BAG, 1984. 130 pp. Victoria's brown coal. A huge fortune in chancery, edited by J .T. Woodcock. The Australasian Institute of Mining and Metallurgy, 1984. 204 pp. Reviewer: J.J. Versluis 2. Canadian publications The following reviews of the activity and developments during 1982 in respect to the chief minerals produced or consumed in Canada are now available. Zirconium. An important mineral commodity. Mineral Policy Sector, Mineral Bulletin MR 202, $6.60. Canadian minerals yearbook 1982. Mineral Policy Sector, Mineral Report 32, $40.75. Canadian reserves of copper, nickel lead, zinc, molybdenum, silver and gold as of January 1, 1983, by W.H. Laughin. $4.20. Mineral Policy Sector, Mineral Bulletin MR 201. Sulphur market profile, by B.W. Boyd. Mineral Policy Sector, MRI 84/5. 3. Mintek publications Report M123 The use of of activated charcoal in a NIMCIX column for the recovery of gold from cyanide solutions. Report M150 Energy transfer in the hearths of submerged-arc furnaces. Report M151 A preliminary investigation of the initiation of pitting corrosion in austenitic stainless steels and nickel-based alloys. Report M154 The reduction of Winterveld chrome spinel at 1300°C under an argon atmosphere in the presence of carbon. Report M165 The development of an improved on-line gold analyser. Report MI67 three nebulizers for use with an inductively coupled plasma spectrometer. 4. New publications Mineral Industry Consultants Association (as at 31st March, 1984). Parkville (Australia), The Australasian Institute of Mining and Metallurgy, 1984. 112 pp. Philosophical and procedural guidelines for the planning professions. Johannesburg, the Environmental Planning Professions Interdisciplinary Committee (EPPIC, P.O. Box 61019, Marshalltown 2107), R2.50. Directiona//y solidified materials for high temperature service, by M. McLean. London, the Metals Society, 1983. 337 pp. Tin and its uses no. 142. Greenford (England), International Tin Research Institute, 1984. Metals engineering International Symposia & Exhibitions Ltd - a subsidiary of Industrial Newspapers PLC - are pleased to announce that they will be organizing a mammoth engineering event, entitled Metals Engineering 86, comprising five important exhibitions in 1986:. Agglomeration A major symposium on agglomeration is being organized in Toronto for the 2nd to 5th of June, 1985. Speakers from around the world (Canada, U.S.A., Brazil, Australia, Japan, West Germany, Italy, India, China, Switzerland, Poland, Yugoslavia, and France) will address delegates on various aspects of agglomeration relative to iron ore, coal, coke, and fuels. Plenary theme papers will also be presented by speakers from Japan, the U.K., and the Netherlands.

Jan 1, 1985

Council and Standing Committees, 1975-1976 President: Dr R. E. Robinson. Vice-Presidents: Dr M. D. G. Salamon and P. A. von Wielligh. Honorary Treasurer: J. K. E. Douglas. Immediate Past President: Prof. R. P. Plewman. Members of Council: Dr M. G. Atmore, J. D. Austin, C. T. Fenton, J. A. Holmes, P. Holz, Dr P. R. Jochens, Prof. R. P. King, Dr D. G. Krige, Dr D. I. Legge, D. G. Malan, C. T. Shaw, D. A. Viljoen, R. A. von Maltitz, H. M. Wells. Chairman, Witbank-Middelburg Branch: E. J. Jackson. Chairman, Orange Free State Branch : G. J. C. Young. Past Presidents Serving on Council: R. J. Adamson, H. Britten, H. E. Cross, J. K. E. Douglas, R. C. J. Goode, Prof. D. D. Howat, Dr J. P. Hugo, D. M. Jamieson, D. G. Maxwell, Dr J. T. McIntyre, V. C. Robinson, P. W. J. van Rensburg. Seven Council meetings and five Executive Committee meetings were held during the year, and the standing and sub-committees held fifty-five meetings. Standing Committee Chairmen Membership, P. A. von Wielligh ; Technical Programme-Metallurgy, D. A. Viljoen; Technical Programme-Mining, D. G. Malan; Vacation School-Metallurgy, Dr P. R. Jochens ; Vacation School-Mining, H. M. Wells; Awards, Dr R. E. Robinson; Excursions, Dr D. I. Legge; Adjudicating, Dr R. E. Robinson; Constitution, Rules and Policy, Prof. R. P. Plowman; Mines and Works, C. T. Shaw; Education, Prof. R. P. Plewman; Foundry Colloquia, Prof. D. D. Howat. Representatives on Other Bodies Associated Scientific and Technical Societies: Members : Dr R. E. Robinson and Prof. R. P. Plewman. Alternates : P. A. von Wielligh and Dr M. D. G. Salamon. Federation of Societies of Professional Engineers: Members : J. K. E. Douglas and Prof. R. P. Plewman. Alternates: Dr R. E. Robinson and Dr M. D. G. Salamon. FSPE Technicians Committee: Member: D. M. Jamieson. FSPE Rationalziation Committee: Member: Dr M. D. G. Salamon. South African Council for Professional Engineers (Institute Nominees) Member : R. C. J. Goode. Alternate: G. H. Grange. South African National Committee on Tunnelling: Member : D. G. Malan. Alternate: Prof. R. P. Plewman. Engineers' Liaison Committee (Pretoria) Member : Dr J. P. Hugo. Alternate : P. W. J. van Rensburg. Government Certificate of Competency Liaison Committee: Member: Prof. R. P. Plowman. Alternate: D. M. Jamieson. James Moir Memorial Lectures: Member : Prof. D. D. Howat. World Mining Congress-National Committee: Members : Dr M. D. G. Salamon, Prof. R. P. Plewman, and H. M. Wells. I.F.A.C. Symposium: Member: P. W. J. van Rensburg (Chairman-Organising Committee). Alternate : Dr J. P. Hugo. I. U.P.A.C. Symposium: Member: Dr P. R. Jochens. Membership Nine Fellows, twenty Members, six Associate Members, thirteen Graduates, nine Associates, twenty-nine Students, and ten Company Affiliates were elected during the year. One Fellow was elected to Honorary Life Fellowship, eight Members and one Graduate were transferred to Fellows, twelve Graduates and two Students were transferred to Members, three Students were transferred to Graduates, and one Student was transferred to the grade of Associate. Six Fellows, two Members, and two Associates were admitted to retired membership. Nine Fellows, fifteen Members, three Graduates, one Associate, two Students, and one Company Affiliate resigned. A statement of membership as at June 30th, 1976, and the end of the previous year is shown in the following tabulation. 30th June, - 30th June, 1975 1976 Honorary Life Fellows 16 - 17 Honorary Fellows 8 - 8 Life Fellows 171 - 171 Fellows 549 - 547 Members 523 - 517 Associate Members 15 - 21 Graduates 132 - 123 Associates 209 - 205 Students 173 - 179 Company Affiliates 71 - 80 1866 -1878 Obituaries Your Council records with deep regret the death during the year of the following members: P. A. Creewell, Life Fellow; A. S. Davis, J. S. Hay, P. 0. Lange, N.

Jan 10, 1976

ORANGE FREE STATE BRANCH Proceedings of the Annual General Meeting The Annual General Meeting of the Branch was held in the St. Helena Club on Tuesday, 3rd October, 1972 at 8.00 p.m. Mr J. M. Meyer was in the chair. METALLURGISTS AND COMPUTERS An address delivered at the Annual General Meeting of the O.F.S. Branch by Prof D. D. Howat. Most men who remain in mining and metallurgy like their jobs. There are many times when you say to yourself or to your wife - 'Anybody can have my job - if they want it'. You feel so fed up and frustrated everything that could go wrong has gone wrong.

By C Katongo

Ground condition at No1. Shaft varies across the mine. The different ground conditions arise as a result of the differences in the rock strength and structure, seismicity and induced stresses in abutments areas. Apart from being a major cause of Fall of Ground incidents/accidents, adverse ground conditions where encountered has affected the rate of development advance as well as production. This implies that for support to be cost effective Geotechnical section has to ensure that support is designed to prevailing ground demand to ensure the safety of personnel and minimize loss of production. We have also seen changes in mining methods as a result of change in ground conditions. To avoid incurring unnecessary costs through remedial works resulting from ground deterioration and collapses of development openings due to inadequate support, the principle in engineering design is ?Do it right the First Time?, and this can only be achieved through good understanding of Geotechnical environment. The paper discusses the different ground conditions encountered in various development ends at No.1 Shaft. It also discusses the principles of ground support, failure mechanisms, types of ground support systems employed, and the different techniques used to select support systems, and quality control techniques in underground support installation.

Jan 1, 2005

By M. S. Raseroka

An experimental rig has been constructed to produce chloride stress corrosion cracks in Type 304L stainless steel tube samples. The samples are to be used to test possible in situ repair methods in future work. The factor which influences the time to failure most strongly is the sample temperature; the distribution of cracks within the sample is affected by local temperature variations and by the position of the water line. Low-frequency oscillations in stress, caused by the on-off temperature controller, did not appear to influence cracking in these tests.

Jan 1, 2009

By N. B. Devi

The extraction of copper(II) from sulphate solution was investigated using LIX®984N in kerosene. The parameters that could affect the extraction, such as equilibrium pH, extractant concentration, salt concentration, various diluents, and temperature, were separately investigated. On the basis of slope analysis, the complex formed in the organic phase is proposed to be CuR2, where R is the anionic part of LIX®984N. The extraction equilibrium constant and Gibbs free energy ( G) of the extraction process were determined. The positive value of H obtained from temperature variation studies showed that the extraction process is endothermic. The extraction of copper was lowest when chloroform was used as the diluent. Separation and recovery of copper from a synthetic copper-nickel solution containing 6.35 g/L Cu(II) and 0.58 g/L Ni(II) was carried out using 20%(v/v) LIX® 984N. The separation factor ( = DCu/DNi) was found to be pH-dependent. A two-stage batch countercurrent extraction was carried out at an O:A ratio of 3:4 at equilibrium pH 1.05 for extraction of copper from copper-nickel solution, followed by copper stripping from the loaded organic phase with 15% H2SO4 at an O:A ratio of 3:1.

Jan 1, 2014

The environmental impact of solid waste materials is closely linked to their potential to produce a hazardous leachate once deposited in a landfill. This potential is conventionally assessed with simple laboratory batch leach tests, which find more and more frequent application also in the minerals and metals industry. Such tests are intended to help distinguish between high and low risk wastes, but are completely unsuitable to allow quantitative prediction or modelling of the long-term leachate generation potential. In the present approach the leachate generation process is perceived as a combination of bulk convective transport, stagnant zone and inner particle diffusion, as well as reaction kinetic effects. Model equations are formulated accordingly. A modelling frame work, WASTESIM, has been developed at UCT, which allows flexible combination of the model components and simulation of leach scenarios. Quantitative model parameters are obtained from a systematic laboratory study on the waste material in question. The combined assessment and modelling approach is demonstrated with a study on Cr (VI) leaching from a ferro-chromium slag material. Although not straightforward, the approach is particularly useful in determining long-term liabilities in the context of waste disposal sites with considerably more reliability than has previously been possible. Keywords: waste deposits, waste leaching, heap leaching, environmental, risk assessment, Cr (VI), ferro-chromium, slag.

Jan 1, 2000

By M. J. Little

Potgietersrust Platinums Ltd is Anglo Platinum?s only open pit operation and annually extracts 57 million tonnes of rock from 2 open pits. Over the past 3 years ~220 km of exploration drilling has been done, ~1000 km of rock face have been exposed for face mapping and over 7000 laboratory and field tests have been conducted. This has produced large amounts of geotechnical data to be utilised for feasibility studies, initial slope design and ongoing slope optimisation. It was necessary therefore to develop geotechnical databases to manage the vast amounts of data collected. SABLE and MineMapper 3D databases were created for logging and mapping respectively, with rock testing data incorporated into both. A pit inspections database was developed in MS Access and the existing groundwater and slope monitoring database was improved. The databases were linked to AutoCAD and Datamine to ensure that the latest geotechnical data is used for planning, draughting and modelling. The use of geotechnical databases ensures that no data is lost, standards are maintained and analysis can be easily performed. This increases the confidence of the analysis and allows the geotechnical engineers to optimise slope designs and blast designs on a regular basis. This reduces the risk of slope failure thus making the open pits more economical and safe.

Jan 1, 2006

Paper written on project work carried out in partial fulfilment of M.Sc. (Chemical Engineering)degree Identification of non-linear systems can be a daunting task and in the process industries the problem is complicated considerably by the presence of noise from various sources, non-stationarity of the data and intermittence, such as observed in particulate flows. Traditional methods, such as frequency analysis and linear model-ling do not handle these systems well. Similar problems arise with the application of non-linear theory developed over the last few decades, where much of the analysis depends on embedding of the data in a phase space or pseudophase space, since these methods were not originally designed to deal with noisy systems. In contrast, singular spectrum analysis is a method which can be used to identify structure and distinguish noise from important information in multivariate data, such as the trajectory matrices of time series measurements. It provides an orthogonal basis onto which the data can be transformed, so that components of the time series can be investigated individually. With Monte Carlo methods, the components can be compared with those from linear surrogate data in order to identify possibly non-linearities in the data. In this paper, this versatile technique is briefly explained and illustrated by means of case studies.

Jan 1, 2003

Paper written on project work carried out in partial fulfilment of BSc Engineering (Mining) The aim of this project is to determine whether certain pillars occurring within the no. 1 shaft and no. 2 sub-shaft ground are feasible for extraction. The extraction of these pillars is essential in prolonging the life of Kloof Main Shaft as its VCR resource becomes depleted. Extraction of these pillars will require a combination of designs and factors, with rock mechanics and ventilation being the main considerations. Primarily for the pillar extraction, an initial production target of150 kg gold, mine able in one year from commencement of ?opening up? was set. The planned target has been exceeded and the feasible pillars identified are expected to yield an additional 1 390 kg of gold to the shaft?s production profile. However, not all the required ventilation designs have been completed to date, the reason being that at the time of the project, many of the pillar areas were inaccessible and thus ventilation conditions are unknown. This project is therefore an ongoing process and will require further design once all targeted pillar areas have been opened up. A preliminary costing analysis of the pillar mining was performed and it was found that all targeted pillars with the exception of 38?61 pillar are profitable.

Jan 1, 2005

The 89th Annual General Meeting of The South African Institute of Mining and Metallurgy was held at Kelvin House, Johannesburg, on 20th August, 1986. Mr. H. E. James (President) was in the chair and declared the meeting open at 16hoo. Obituaries President: It is my sad duty to announce the deaths of the following members of this Institute: Life Fellow D.L. Carson; Retired Fellows T.K. Adams, G.E. Carlyon, N.M. Holford, D.E. Maclver, C.J. Morgan; Fellows S.K. de Kock, R.R. Porter, Dr G.J. Rees; and Associate Sir Lindesay Clark. As a mark of respect to the memory of the deceased and in sympathy with the bereaved, please rise and observe a moment of silence. Minutes President: The 88th Annual General Meeting of the Institute was held on Wednesday, 14th August, 1985, and the minutes were published in the September 1985 issue of the Journal. The minutes were confirmed.

Jan 1, 1986

The Annual General Meeting of the South African Institute of Mining and Metallurgy was held in Kelvin House on Wednesday, 24th August, 1977. Dr M. D. G. Salamon (President) was in the chair and declared the meeting open at 16h00. Obituaries The President: It is my sad duty to announce the death of the following members of the Institute : C. G. Evans, J. P. Rees, Life Fellows ; S. R. Bryant, H. MacConachie, M. Mrost, and A. W. van Zyl, Fellows; L. T. Campbell-Pitt, F. W. Collins, A. J. Duncan, I. G. Evans, F. W. Kleinschmidt, P. L. Vaughan, R. W. Wallace, and H. Wason, Members. As a mark of respect to the memory of the deceased and in sympathy with the bereaved, I would ask you to rise and observe a few moments' silence. Minutes The President: May we confirm the minutes of the General Meeting held on 23rd March, 1977, as published in the June issue of the Journal? Agreed.

Jan 1, 1978

By B. G. Tarasov

This paper proposes the further development of a recently identified shear rupture mechanism (fan mechanism) that elucidates a paradoxical feature of hard rocks ? the possibility of shear rupture propagation through a highly confined intact rock mass at shear stresses that can be significantly less than frictional strength. In the fan mechanism, failure is associated with consecutive creation of small slabs (known as ?domino blocks?) from the intact rock in the rupture tip, driven by a fan-shaped domino structure representing the rupture head. The fan head combines such unique features as extremely low shear resistance, self-sustaining stress intensification, and self-unbalancing conditions. Consequently, the failure process caused by the mechanism is inevitably spontaneous and violent. Physical and mathematical models explain unique and paradoxical features of the mechanism, which can be generated in primary ruptures and segmented faults. The fan mechanism provides a novel point of view for understanding the nature of spontaneous failure processes, including shear rupture rockbursts. The process explains, in particular, features of shear rupture rockbursts such as activation at great depths, generation of new shear ruptures in intact rock mass, nucleation of hypocentres at significant distances from the excavation, shear rupture development at low shear stresses, and abnormal rupture violence.

Jan 1, 2014

By D. Nyembe, B. Mamba, Antoine F. Mulaba-Bafubiandi

Copper and cobalt are generally electro-won from their aqueous sulphate solutions. After optimised leaching of their ores, concentrates or calcine bearing minerals, the leachate is clarified and suitably purified prior to the electrolytic extraction of the metal of pursuit (Pearcy, 2006). Solvent extraction (SX) using appropriate organic solvents and ion exchange (IX) with relevant resins are known purification processes used for copper and cobalt recovery (Stanely, 1970).As zeolites in general and natural zeolites in particular, demonstrate ion exchange properties (Korkuna et al., 2005), an attempt has been made to use Southern African natural clinoptilolite in the recovery of copper and cobalt from their aqueous sulphate solutions. Initially, synthetic Co and Cu solutions were prepared. Preceded by laboratory ore leachate, plant solutions are to be used. AAS, XRF, XRD, Mossbauer spectroscopy and BET were characterization techniques used. Natural clinoptilolite was used as-received as well as acid activated; and cobalt and copper extractions were performed at room temperature.

Jan 1, 2007

By D. S. Dihalu

A generalization of Gy?s model for the fundamental sampling error introduced the new ?parameter for the dependent selection of particles?, denoted as Cij. This allows for modeling deviations from the ideal situation where the selection of a pair of particles is composed of two independent selections. The generalized model potentially leads to more accurate variance estimates in the case of clustering of particles, differences in densities or sizes of the particles or repulsive inter-particle forces. A straightforward and practically applicable method is needed for the determination of this parameter for miscellaneous mixtures in industrial settings. In this contribution, the feasibility of using digital image analysis to determine this parameter Cij, will be demonstrated. Line transect sampling of a digital image was used to construct a transition probability matrix. A new algorithm to derive quantitative estimates for Cij will be presented and discussed. The applicability was verified by a photograph of zirconium silicate particles of sizes typical for industries dealing with pharmaceutical, food/feed, and environmental applications. Conditions affecting the practical applicability are identified and potential pitfalls will be discussed, including e.g. how a potential unrepresentative surface can affect the quality of the estimate of Cij.

Jan 1, 2010

By C. J. Badenhorst

The primary focus of management today is safety, or preventing negative, generally irreversible, events of acute duration. The outcomes of safety-related events are usually visible and can evoke strong emotions if the results are severe. Experts now see that occupational illness and disease also result in significant emotional and financial toll to workers, their families and communities, and to their employers. Effective health and safety management must include acknowledging the importance of occupational health hazards and the proportionate application of resources to address those issues. Improvement in workplace conditions and decrease or elimination of illness and disability are due to actions within the workplace and result from the implementation of risk prevention and control measures. However, success may only be visible months or years later and may require interventions that have to be maintained over prolonged periods. This demands continuous, co-ordinated effort to ensure sustainability of diverse occupational health programmes and the relevant management systems. Too often occupational health is not seen as being part of the general management of business, but rather the function of a medical practitioner somewhere off site in a clinic. Integration of occupational health management systems with other management systems within an organization is essential for its success.

Jan 1, 2004

To the members of The South African Institute of Mining and Metallurgy We have audited the annual financial statements set out on pages 272 to 277. These financial statements are the responsibility of the Institute's Council. Our responsibility is to report on these financial statements. We have conducted our audit in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that, in all material respects, fair presentation is achieved in the financial statements. The audit included an evaluation of the appropriateness of the accounting policies, an examination, on a test basis, of evidence that supports the amounts and disclosures included in the financial statements, an assessment of the reasonableness of significant estimates, and a consideration of the appropri¬ateness of the overall financial statement presentation. We consider that our auditing procedures were appropriate in the circumstances to enable us to express our opinion presented here. In our opinion these financial statements fairly present the financial position of the Institute at 30th June, 1996, and the results of its operations for the year then ended in conformity with generally accepted accounting practice.

Jan 1, 1996

Report of the independent auditors To the members of The South African Institute of Mining and Metallurgy We have audited the annual financial statements set out on pages 251 to 257. These financial statements are the responsibility of the institute's Council. Our responsibility is to report on these financial statements. We have conducted our audit in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that, in all material respects, fair presentation is achieved in the financial statements. The audit included an evaluation of the appropriateness of the accounting policies, an examination, on a test basis, of evidence that supports the amounts and disclosures included in the financial statements, an assessment of the reasonableness of significant estimates, and a consideration of the appropri¬ateness of the overall financial statement presentation. We consider that our auditing procedures were appropriate in the circumstances to enable us to express our opinion presented here. In our opinion these financial statements fairly present the financial position of the institute at 30th June, 1998, and the results of its operations for the year then ended in conformity with generally accepted accounting practice.

Jan 1, 1985

To the members of The South African Institute of Mining and Metallurgy We have audited the annual financial statements set out on pages 251 to 257. These financial statements are the responsibility of the institute's Council. Our responsibility is to report on these financial statements. We have conducted our audit in accordance with generally accepted auditing standards. These standards require that we plan and perform the audit to obtain reasonable assurance that, in all material respects, fair presentation is achieved in the financial statements. The audit included an evaluation of the appropriateness of the accounting policies, an examination, on a test basis, of evidence that supports the amounts and disclosures included in the financial statements, an assessment of the reasonableness of significant estimates, and a consideration of the appropri¬ateness of the overall financial statement presentation. We consider that our auditing procedures were appropriate in the circumstances to enable us to express our opinion presented here. In our opinion these financial statements fairly present the financial position of the institute at 30th June, 1998, and the results of its operations for the year then ended in conformity with generally accepted accounting practice.

Jan 1, 1998