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By Rodrigo Werneck Athouguia

O cerne desse trabalho consiste em demonstrar os resultados obtidos pela implementação de um programa de Lubrificação Confiável na Samarco Ubú com objetivo de reduzir custos através da busca contínua pela lubrificação classe mundial. A Samarco Ubú entende que uma lubrificação de qualidade contribui diretamente para os equipamentos, aumentando a vida útil. A gerência de manutenção lançou no final de 2013 um programa de Lubrificação Confiável com objetivo de buscar continuamente as melhores práticas de lubrificação no mundo.Esse programa abrange desde o recebimento do lubrificante até a manutenção do mesmo no equipamento em condições ótimas de trabalho, capacitação da equipe e as melhores práticas de lubrificação.

Aug 16, 2017

By AIME AIME

BUSINESS forecasting may be an inexact science, if it is a science at all, but in the opinion of the statisticians of the American Telephone & Telegraph Co. it is a valuable aid to the making of future business plans, whether it be used by a telephone system, a manufacturer whose distribution is country-wide or, one whose trade is confined to certain sections. Whatever the defects of business forecasting may be; the American Telephone & Telegraph Co: has employed it since 1921, not only for charting the probable; course of telephone traffic over long-distance lines, but' to determine the needs for new plant and equipment: caused by shifting tides in business or increases in population or general industrial expansion.

Jan 1, 1929

By O. A. Bascur

It is difficult to analyse the economics without an integrated view of mine transactions, stockpile inventories, process flows and assays. The lack of integration of mining and metallurgical information with sufficient detail to analyse and act is a problem. However, to take action requires real time information from manufacturing assets, corrected for gross errors from trucks, shovels, conveyors, faulty sensors, bad instrument calibration. Validation methods use process models to identify inconsistent information in the case of corrupt actionable information. This paper presents new strategies that transform the data into business information for continuous improvement and optimization. This technical presentation will review recent implementations enabling large metallurgical complexes to improve their data quality for overall production and energy management. A competence center emerges as an enabler for implementing operational intelligence. The evolution of Web services to troubleshoot plant information and to collaborate at the enterprise level is presented.

Jan 1, 2014

By Alexandre Keunecke Hardt

A dinâmica competitiva do mercado globalizado demanda informações confiáveis no dia-a-dia das empresas. Essas informações são preciosas, pois estabelecem vantagens que permitem que as empresas mantenham suas lideranças no mercado. Enquanto sistemas de Business Intelligence (BI) normalmente pertencem ao mundo da gestão e da estratégia, os conceitos da Indústria 4.0 trazem um conjunto de novas oportunidades para obtenção e extração de dados direto do chão-de-fábrica, permitindo com isso que decisões operacionais e táticas suportadas por esses dados sejam tomadas quase em tempo real. Uma solução BI desenvolvida em tecnologia OLAP (Online Analytical Processing) possui na etapa de ETL (Extract Transform Load) um de seus maiores gargalos. Este trabalho propõe uma ferramenta de processamento desenvolvida em Spark, denominada neste trabalho como BI 4.0, que resolve esse problema ao realizar o ETL de forma escalável, distribuída e com alta performance, trazendo ganhos significativos para o negócio.

Aug 17, 2017

By M. Bunch

"THE SUPER CYCLE IS GONE The utopia of the rising sales volume, for mining companies from 2002-2011, was entirely due to rising production volume and prices. The Australian mining sector experienced an 18 percent annual growth rate in revenues, and 11 percent growth in prices. (1) However, EBIT remained flat during the same time period. In addition, Australian mines saw a 7 percent annual decline in both labor and capital productivity. (2) Mines in the U.S. and Canada produced similar results, whereas the world-wide mining industry has seen a productivity drop of 40% since 2001. (3) The decade “Bull Run” of rising prices was trashed by companies that chased low-quality assets while increasing debt on their balance sheet. It seemed everyone believed the “super cycle” would last forever, while completely ignoring the history of cycle downturns. Worldwide mining operations are as much as 28 percent less productive today than a decade ago, according to new McKinsey research. The results from McKinsey’s new MineLens Productivity Index (MPI), which adjusts for declining ore grades and mine cost inflation, show that the pronounced decline in productivity is evident across different commodities and is seen in most mining players and geographies. (4) McKinsey sees three important areas of focus to address the root causes of productivity decline. 1) Embed effective management operating systems at mines 2) Prioritized operational excellence and capabilities development 3) Focus on innovation Reality has now settled back in and companies are struggling to make ends meet. The basic management staple of controlling costs and improving the production/productivity that was lost in the excitement is now back in play. Traditional cost-cutting approaches, such as across-the-board spending cuts, layoffs, and hiring freezes are only short-term initiatives and will not permanently improve a company’s cost structure or improve long- term competitiveness. This can only be accomplished by engaging front-line employees and empowering them to make necessary improvements in their daily work. It is time for leaders to lead and develop cultures of continuous improvement within their organizations in order to sustain their mining project to the end of mine life. Successful operating managers require two different skill sets of Leadership and Management; knowing how to lead people in their organization and how to manage the work they do."

Jan 1, 2016

By G Campbell-Cowan

Much has been written about the fact that most transformation efforts disappoint. This paper addresses factors that should be taken into consideration in planning and implementing transformation programs to ensure success.In 2009, St Barbara commenced a transformation program to address issues of chronic poor quarterly operational performance; financial pressure caused by the unreliable operational performance; and an inability to develop business plans with integrity and to reliably deliver on the plans. As a result of a number of years of disappointing operational performance, St BarbaraÆs culture was not conducive to business success.This paper uses lessons learnt during St BarbaraÆs transformation program to highlight key characteristics of change programs that can generate significant sustainable benefits. While there were many benefits from the transformation program, the most significant impacts of St BarbaraÆs program have been transformation of the companyÆs culture and capability of people as business leaders; the establishment of a business systems framework to guide the design and development of systems; and developing support functions, for example centralised procurement and supply chain, business improvement and technical services.CITATION:Campbell-Cowan, G, 2012. Business transformation - Lessons learnt for successful change, in Proceedings International Mine Management 2012, pp 135-142 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 20, 2012

By G. Walsh, L. Wolkovitch, A. Savage, V. Romero, T. Zimmerly, G. Imahara, J. Hyneman, K. Byron, D Tapster, S. Belleci, J. Metzger, M. Stanley

Testing was conducted at the Energetic Materials Research and Testing Center for the MythBusters on three separate occasions. This testing included (1) an experiment designed to create diamond from graphite using the shock and pressure of a detonation, (2) the flattening of a car using a steel plate driven by a rocket sled, and (3) the bifurcation of a car also using a rocket sled. All tests were successful; diamond was produced following the detonation of ANFO, and extracted from a graphite / cobalt matrix. A plate was accelerated to 646 mph (1040 km/hr) using a two-stage sled system loaded with 5” (12.7 cm) high velocity aircraft rockets (HVAR) into a car, which was subsequently demolished. Finally, a steel wedge was pushed to 541 mph (871 km/hr) by a one stage sled using HVAR rockets, and was able to cleanly cut a target car in half.

Jan 1, 2010

By W. H. Gunniss

When the copper smelters were built, in Montana, all of the refractory products which were used in their construction were shipped in from Eastern factories. It was apparent that if a material suitable for the manufacture of these products could be found within the State, a saving of freight could be effected and a new industry built up. Prospecting for such materials was started and experiments were made with samples from numerous deposits. Considerable effort and funds were expended in an attempt to manufacture silica brick from Dillon quartz, a light colored sandstone that is found near Dillon, Mont., on the Oregon Shortline railroad. As a brick material the Dillon quartz was a failure, but it has proved very satisfactory as a silica cement. It is now being used in laying silica brick and for reverberatory furnace bottoms. A bed of quartzite that is particularly suited to the manufacture of high-grade silica brick was finally discovered at Browns Spur, 6 miles west of Anaconda. The material from this deposit is now being used in the manufacture of the Anaconda silica brick, which have gained a wide reputation for heat-resisting and lasting qualities. The analysis of an average sample of this quartz is: SiO2, 96.7; Fe2O3, 0.3; Al208, 2.5; CaO, 0.3 per cent. The very low percentage of fluxing ingredients makes this a most refractory material. All of the Anaconda silica brick are hand molded. Various types of brick machines have been tried, but the hand-mold process proved the best suited to the manufacture of silica brick from this material. The silica is first put through a jaw crusher and is then dumped into wet pans, where 4 per cent. of lime paste is added, to produce a bond. Without the lime the material would not be plastic enough to mold. After a few minutes' grinding in the wet pans the material is conveyed to the molder, who forces it into the molds by hand. The brick are then dumped on pallets and placed in the drier, where they are left. until dry enough to be set in the kilns. Some of the brick are re-pressed before being dried. They are burned about five days, in round down-draft kilns. It is not necessary to have as much heat in the kilns as the brick will be subjected to when in use in the furnaces. Montana refractories are used in smelters throughout the West. Prospecting for fire clays was also carried on. After experimenting with clays from several different deposits, it was found that a mixture of

Jan 1, 1914

By Henry Sturgis Drinker, Rossiter W. Raymond

Jan 1, 1914

By Robert H. Richards

Walter Renton Ingalls recently gave a very interesting talk before the student mining society of the Massachusetts Institute of Technology. In it he showed the present status of mining as he sees it. In the talk he explained that, while discoveries of great mining districts are still pssible, they are being made less and less often; that the great mining companies, although there are large numbers of mines offered for sale, are finding it less and less possible to find new mines that are up to the standard of richness that they wish for purchase. The natural conclusion is that better, cheaper, and more efficient methods of mining, concentrating, and smelting are needed if the lower-grade mines are to be worked at a profit. This is true also if the high-grade mines are to yield their greatest profit. This paper deals only with the concentrating or ore-dressing problem, and gives some thoughts which point towards greater profit. In a paper on The Development of Hindered-Settling Apparatus the writer showed that there were two main lines of work that would lead to greater saving, lower tailing assay, and, therefore, greater profit. The first is the recrushing of middling or tailing products for the saving of the contained values. This is well understood and largely carried out in existing mills. The second is the saving of fine free mineral at the first opportunity. This is a matter less well understood in the mills, and to dwell upon this the present paper is written. The writer is himself convinced and hopes to convince the reader that, for obtaining the above result, not only is better classification needed, but also more classification; that is, there should be more spigots or pockets to the classifier. His attention was recently called to a small mill which had a three-pocket cone classifier fed with from 2 to 0 mm. stuff, supplying feed to four Wilfley tables. The first spigot had about all the

Jan 1, 1914

By Eugene Stebinger

PAGE Introduction.............. 890 Position oF Montana in the Western Coal Province*..... 890 Montana's Total Coal Tonnage.........891 THe Coal-BearINg Formations,........891 General Statement............. 891 Kootenai Formation............ 895 Eagle Sandstone............896 Judith River Formation............ 896 Homethief or Lennep Sandstone.........897 Lance Formation..........• 897 Fort Union Formation............ 898 Tertiary Lake Beds............. 899 Distribution of the Coal Fields.......... 899 Classification of Montana Coals.........900 General Statement............. 900 Comparison of Chemical Analyses and Heating Values..901 DESCriPTions of the CoaL Fields.......... 905 • Fields Containing Bituminous and Higher Grade Coals..905 Bridger Field............. 905 Stillwater Field............ 906 Electric Field............ 907 Trail Creek Field...........908 Gallatin Field............909 Lombard Field...........910 Great Falls Field............ 910 Lewistown Field............ 911 Valier Field............. 912 Blackfoot Field............ 913 Fields Containing Sub-bituminous Coal.. 913 Bull Mountain Field..........913 Red Lodge Field............ 914 Missoula and Drummond Fields......... 916 Milk River Field............ 916 The Eastern Plains Region of Lignite and Sub-bituminous Coal.... 917

Jan 1, 1914

By J. A. Church

I. Early Furnaces,......423 11. Experiments with the HIgh-Shaft FURnace,..... 426 III. ExperMents wIth the Wide FURnace,..429 IV. ExperEentS with Extreme BOSH,... 43.2 V. Survival of the 56 by 180 IN. Furnace,.434 VI. Recent ExpeEiments,.....436 VII. SUMMary,........438 I. Early Furnaces. Copper blast-furnace construction in America has long recognized a general standard in the rectangular water-jacketed shaft with separate forehearth. The details, however, and especially those relating to shaft dimensions, have had to meet a great variety of conditions, and show no uniformity whatever. Selecting a few of the present day Western plants, we find furnace lengths varying from 12.5 to 87 ft., widths at tuyere level from 42 to 84 in., and heights above tuyeres from 5 ft. 4 in. to 22 ft. 4 in.; and comparing present designs with those of the past, we meet contrasts no less striking. Unlike its transverse section, the length of a furnace has come to depend rather on the size of unit desired than on the requirements of smelting; and if the question of length be ignored, several of the various existing designs can be grouped together on the basis of a common transverse section. This section, having a width at tuyere level of 56 in. and a height above tuyeres of 18 ft., was developed at Great Falls, and the story of its development contains some interesting features. Ground was broken for the Great Falls works in the spring of 1891. About a year later, the concentrator was able to begin operation, followed within the next few months by the Brueckner, reverberatory, and converter departments, and in April, 1893, by the first blast fur-

Jan 1, 1914

By R. E. Wade

The Butte, Anaconda & Pacific electrification is of peculiar interest, in an incidental way, to the entire mining fraternity, and especially the engineering branch, not only in this great Northwest country but throughout the entire Western mining country, which is rich in minerals and water power. It is probably fair to say that the prime object of mining and smelting engineering is to reduce the cost of production, and in the case in hand the relative location of mines and smelter brings the cost of transportation of ore to the front. While some might assign this item to the railway people, it is inseparably a part and parcel of the general scheme of the production of metal from the ore. In considering the electrification of the B., A. & P. railway the mining and smelting engineer, above all, wants to know what saving will be effected by the change in motive power. Unfortunately the new power has been in use during a very limited period and on the Smelter Hill section of the road only, and no reliable data, from actual service conditions, can be obtained until the entire electrified section has been in service for a reasonable length of time. Any remarks on this subject at the present time, therefore, must of necessity be general in nature and more or less descriptive. The railway, electrical and mining worlds and the country in general are indebted to the B., A. & P. railway for the pioneer work it is now doing, as it undoubtedly marks the beginning of the electrification, within the comparatively near future, of all transcontinental roads between the Missouri river and the Pacific coast. Together with this goes the development of an untold wealth in water power and all natural resources within the same territory. For the first time in the history of electric railway work, in this country, direct current at a potential of 2,400 volts is being used. With this potential there is a great saving in transmission of energy to the locomotives and there are only two substations, one at either end and 26 miles apart, for supplying the power for the movement of trains of heavy tonnage over the main line and for switching movements at terminal and intermediate yards, and comparatively little feeder copper is required.

Jan 1, 1914

By Woolsey McA. Johnson

In metallurgical circles it is known widely, but somewhat vaguely, that the ease of reduction of metallic oxides depends largely on the way they hare been prepared. It is likewise known that different forms of carbon have different and greatly varying reducing powers. It is the purpose of this paper to show somewhat more definitely and scientifically these facts. Some years ago the writer published an account of pyrometric determinations of the reduction temperature of zinc oxides variously prepared and of several kinds.' In said paper it was shown that the temperature at which zinc oxide evolves zinc according to the equa-tion ZnO + C = Zn + CO depends upon the nature of the two reacting bodies. The determina-tions had a range of accuracy of from 2° to 6°C., whereas differences were found to amount to an extreme of 90' C. So the differences are real ones and must have a definite cause. The equation of boiling water, (H2O)4 D 4 (H2O) has a fixed temperature for equilibrium of 100° C. at 760 mm. pressure. In general, all equations reacting in the liquid or the gaseous phase have well-defined constant physical conditions which govern the equilibrium point and reaction velocities. In a reaction where we have one or more solid phases, the tempera ture conditions requisite for the unbalancing of the stable system are found to vary. These variations are due to the fact that in a solid there is a very complex molecule and it is not a question solely of the tearing away of two interlocked atoms, but also of the destruction of a complex molecule containing hundreds, or possibly thousands, of smaller molecules. In other words, there are two forces to be overcome: a certain

Jan 1, 1914

By Robert P. Roberts

In order to obtain data on the thermal effect of the blast-furnace jacket and on the water consumption in these jackets a series of tests were run on the 56 by 180 in. blast furnaces at the Great Falls Reduction Department of the Anaconda Copper Mining Co., at Great Falls, Mont. The arrangement of the jacket is shown in the transverse section of one of the furnaces (Fig. 1) on which the tests were made. The nose, spout, and breast jackets have independent water supplies and discharges. The end and side jackets are connected in pairs, as regards water supply, the feed water entering at the bottom of the lower jacket and overflowing into the bottom of the jacket immediately above it, and discharging into an independent overflow pipe for each pair of jackets. Tests were run on the main side and end jackets, the breast jacket, the spout, and the nose. Measurements were taken of the quantity of water discharged per minute and the rise in temperature of the water in its passage through the jacket. The product of these two results, expressed in the proper units, evidently gives the number of units of heat removed per minute by the water. Sufficient work was done on each type of jacket to determine its behavior under different conditions, and the results from each set of conditions were checked by repeating the work from three to six times. The method used was as follows: The overflow from the jacket to be tested was arranged to discharge at will into a barrel, mounted upon platform scales. The discharge temperature was read just before turning the water into the barrel, and just before turning it back to the sluice; if the test lasted more than a minute, additional temperature readings were taken at 1-min. intervals from start to finish. The elapsed time of running the water into the barrel was determined with a stop-watch, and this figure, combined with the in-

Jan 1, 1914

By Ali Ebrahimi, Meena L. Viswanath, John F. Beech, Mustafa B. Erten, Ming Zhu

"Excessive deformation of a cantilever sheetpile wall can occur due to dredging, excavation, backfilling, or long-term creep behavior of soil. A buttressing berm constructed in front of the wall can be considered as a mitigation technique to prevent or decrease the deformation by increasing the passive earth pressure and thus improving the wall stability. The effect of the buttressing berm on the stability and deformation of a sheetpile depends on the berm geometry (i.e., the thickness/depth and the width) as well as the properties of the sheetpile and the adjacent soils. A parametric study was conducted using a conventional limit equilibrium method. Design charts were prepared to evaluate the effect of a buttressing berm and the soil friction angle on the wall stability and deformation. These charts can be used as a tool by geotechnical engineers to make a quick estimate of the required size of a buttressing berm in case of calculated or unexpected excessive deformation of a sheetpile. An analysis of the effect of a buttressing berm on the stresses and deformation of a sheetpile was also compared with the results from finite element analysis. The results of this comparison are discussed.INTRODUCTIONCantilever sheetpile walls are commonly used to support excavations. Sheetpiles are hot rolled or cold formed sections of steel made to interlock with adjacent sections to form a continuous structure providing lateral support. Sheetpile walls can be cantilever walls or anchored with tiebacks. To construct a cantilever sheetpile wall, sheetpiles are driven by pile drivers or vibrated in to a design depth sufficiently below the depth of excavation. Excavation can then proceed in front of the sheetpile wall, which resists the earth pressure loading from behind the wall. The design depth and geometry of the sheetpile wall depend on the soil conditions, the depth of excavation, and the tolerable deformation. In certain cases, when a small buttress of soil can be left immediately adjacent to the sheetpile wall, the required depth or geometry of the sheetpile wall can be reduced or adjusted, which can significantly decrease the cost of procuring and installing the wall. Such a buttress can also serve as a short-term or long-term remedy in case of observed excessive deformation in a constructed wall. Traditional methods of analyzing the stability of a sheetpile wall do not account for the passive pressure effects of this small buttress. In this paper, a parametric study was performed for a variety of soil types and wall and buttress geometries by implementing traditional limit equilibrium methods in commercial software and design charts were created illustrating the effect of a buttressing berm on sheetpile deflection. Selected cases were then modeled in a finite element software to compare the results with the traditional limit equilibrium method. The resulting design charts can be used as a tool by geotechnical engineers looking to reduce the design geometry of a sheetpile wall or address observed excessive deformation in a constructed sheetpile wall."

Jan 1, 2016

By Kendall Y. Onstott

The paper presents the results of a plant test using WEMCO 1 + 1 enclosed flotation machines for inert gas (nitrogen) flotation of by-product molybdenite from copper sulfide concentrate. Copper depressant consumption in the rougher flotation stage was reduced by 68% as reagent consuming oxygen was removed from the flotation air. Unlike other nitrogen flotation systems used in the industry, nitrogen is recovered above the flotation cells and from froth in tails and concentrate streams and recycled, resulting in minimal nitrogen makeup requirement.

Jan 1, 1984

By J. T. I. Poijärvi

Outokumpu Harjavalta Metals Oy operates copper and nickel smelters, three sulphuric acid plants and nickel refinery at Harjavalta and copper refinery and precious metal plant at Pori. The by-products of these plants are presented in this paper. The by-products of the smelters include products from slag cleaning of flash smelting furnaces and converters, flue dusts and smelter off-gases. Weak acid and sludges from cleaning of smelter off-gases and acids are the by-products of the acid plants. The by-products out of the copper refinery are crystallized metal sulphates and sludges from electrolyte purification, on which a co-production process of the copper tankhouse is based. The main by-products of the precious metals plant are products from anode slime treatment and platinum metal group concentrates in the recovery of precious metals. Sludges from nickel matte leaching and precipitates from solution purification are the by-products of the nickel refinery. The formation, treatment and processing as well as the research work done for the utilization instead of dumping of the by-products in the production of copper and nickel will also be discussed in this paper.

Jan 1, 1995

ARTICLE I Name and Object Sec. 1. This Division shall be known as the Institute of Metals Division of the American Institute of Mining and Metallurgical Engineers. Sec. 2. The object of the Division shall be to furnish a medium of cooperation between those interested in the field of physical metallurgy; that is, the nature, structure, alloying, fabrication, heat treatment, properties and uses of metals; to represent the AIME insofar as physical metallurgy is concerned, within the rights given in AIME Bylaw, Article XI, Sec. 2, and not inconsistent with the Constitution and Bylaws of the AIME; to hold meetings for the discussion of physical metallurgy; to stimulate the writing, publication, presentation and discussion of papers of high quality on physical metallurgy; to accept or reject papers for presentation before meetings of the Division. ARTICLE II Members Sec. 1. Any member of the AIME of any class and in good standing may become a member of this Division upon registering in writing a desire to do so, but without additional dues. Sec. 2. Any member not in good standing in the AIME shall forfeit his privileges in the Division. ARTICLE III Funds Sec. 1. The expenditure of the funds received by the Division shall be authorized by the Executive Committee of the Division. ARTICLE IV Meetings Sec. 1. The Division shall meet at the same time and place as the annual meeting of the AIME, and at such other times and places as may be determined by the Executive Committee subject to the approval of the Board of Directors of the AIME. Sec. 2. The annual business meeting shall be held within a few days before or after the annual business meeting of the AIME. Sec. 3. At a meeting of the Division, for which notice has been sent to the members of the Division through the regular mail or by publication in the Journal of Metals at least one month in advance, a business meeting may be convened by order of the Executive Committee and any routine business transacted not inconsistent with these Bylaws or with the Constitution or Bylaws of the AIME. Sec. 4. For the transaction of business, the presence of a quorum of not less than 25 members of the Division shall be necessary. ARTICLE V Officers and Government Sec. 1. The officers of the Division shall consist of a Chairman, a Senior Vice-Chairman, a Vice-Chair -man, a Secretary and a Treasurer. The office of Secretary and Treasurer may be combined in one person, if desired by the Executive Committee. Sec. 2. The government of the affairs of the Division shall rest in an Executive Committee, insofar as is consistent with the Bylaws of the Division and the Constitution and Bylaws of the AIME. Sec. 3. The Executive Committee shall consist of the Chairman, Senior Vice-Chairman, Vice-Chairman, past Chairman, Secretary, and nine members, all of whom shall be nominated and elected as provided hereafter in Article VII. Sec. 4. The Chairman, Senior Vice-Chairman and Vice-Chairman shall serve for one year each, or until their successors are elected. Each member of the Executive Committee shall serve three years. The Chairman shall remain a voting member of the Executive Committee for one year after his term as Chairman. Sec. 5. The Treasurer of the Division shall be invited to meet with the Executive Committee, but without ex-officio right to vote. He shall be appointed annually by the Executive Committee, from the membership of the Executive Committee or otherwise. Sec. 6. The annual term of office for officers of the Division shall start at the close of the Annual Meeting of the Institute and shall terminate at the close of the next Annual Meeting. ARTICLE VI Committees Sec. 1. There shall be standing committees as follows: Programs Committee. Finance Committee, Membership Committee, Annual Lecture Committee, Technical Publications Committee, Mathewson Gold Medal Committee, Nominating Committee, Education Committee and such other Committees as the Executive Committee may authorize. Sec. 2. It shall be the duty of the Programs Committee to secure the presentation of papers of appropriate character at meetings of the Division. Sec. 3. It shall be the duty of the Finance Committee to inquire into and examine the financial condition of the Division and to consider proper means of increasing its revenue and limiting its expenses. The Finance Committee shall audit the accounts of the Division and report to the Executive Committee prior to the Annual Meeting of the Division. It shall render a budget to the Executive Committee estimating receipts and expenses for the ensuing year so that action can be taken on same at the first meeting following the Annual Meeting.

Jan 1, 1953

By Alexander Sutulov

It is calculated that since the beginning of last century, which practically coincides with the beginning of the Industrial Revolution, our civilization has consumed around 239.5 million tons of copper (see: Table 1). According to the most pessimistic projections of today, with only a 2.5% annual growth rate in demand, we are bound until the end of this century to consume another 200 million tons of copper in remaining 17 years. A recent study made by US Bureau of Mines (1) indicates that the proven ore reserves of 150 major operating mines and about 120 deposits sufficiently explored for development and feasibility studies accumulate a total mass of 49.3 billion tons of ore, assaying an average of 0.82% Cu and containing around 324 million tons of recoverable copper. Consequently, there is a high grade of probability that the bulk of our future ore supplies, for our demand of, say, next 25 years will cane precisely from these mines. The interesting point in USBM study is that it indicates the recoverable byproduct content of these ores and which is: 118.2 million troy ounces of gold 2277.4 million troy ounces of silver 7.1 million tons of lead 24.7 million tons of zinc 1.3 million tons of nickel 3.1 million tons of molybdenum 765 thousand tons of cobalt, and 720 thousand troy ounces of platinum. This information gives us a relatively reliable profile of our future ores for next 25 years, and thus makes possible evaluation of byproduct credits in our future copper mining and producing activities.

Jan 1, 1983