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By K. Kim

"All milling operations would like to achieve the best possible recovery in combination with the highest achievable throughput. Unfortunately, many operations have problems with low recovery, low throughput or both. In the majority of these cases investigated by the author, the solutions to improve recovery and throughput were simple. The solutions did not include implementation of new technology or major capital, but rather a return to fundamentals. In most cases, problems occurred because the operation was not following their own operating procedures, because the design of the circuit was changed without adequate change management or understanding of the implications of changes, or because basic metallurgical measurements and control were not taken or ignored. In this paper, examples of these problems and their solutions derived from long and varied experience will be discussed. The objective of this presentation is to provide the milling operator with practical and readily implementable solutions to common milling issues to improve throughput and recovery.INTRODUCTION Mill operations can be evaluated by many operating parameters, but the two best indicators are recovery and throughput. These two parameters summarize the wellbeing of an operation. The grade to the mill is also a good indicator, but this is usually controlled by the mine. The best recovery and throughput are achieved through a team work involving operators, maintenance workers and metallurgical staff. The milling operations include many unit operations, such as crushing, grinding, flotation, leaching, carbon in leach, Merrill Crowe, roaster, autoclave and refinery. The tools available to the operations are plant design, process measurements, assays, metallurgical balance, and operating strategy. Twelve real life examples of improvements of recovery and throughput are presented in this paper. EXAMPLE 1: CRUSHING CIRCUIT WITHOUT FINE ORE BIN At this operation plant throughput could not be maintained at a high rate because feed to the mill became coarse during the day. The cone crusher was feeding the ball mill directly. As the day wore on, the gap on the cone crusher would slowly increase, which would cause the product size to increase. This would increase the re-circulating load on the ball mill. The throughput would decrease accordingly. Furthermore, the throughput would decrease more with high frequency of maintenance on the cone crusher."

Jan 1, 2019

By J. A. Zimmer, M. S. Hillis, D. Moredock, J. A. Organiscak, A. B. Cecala

Enclosed cabs have been used on surface mining equipment for many years to protect equipment operators from health and safety hazards. The surface mining and quarrying process is a highly mechanized process that generates large quantities of respirable dust. Due to economic factors, more older mining equipment is being used today than in years past. With this older equipment, it is common to observe deterioration of many components on the enclosed cabs, which greatly reduce their protection effectiveness. NIOSH has performed a number of different field studies, as well as a comprehensive laboratory study, evaluating various factors and parameters regarding enclosed cabs. NIOSH has recently completed a cooperative research effort to evaluate the effectiveness of a newly designed unidirectional powered precleaner, filter and pressurizer that brings clean filtered air in at the roof of the cab and extracts all recirculated air near the floor. This research effort provided another example of the enhancement in air quality that can be achieved in an enclosed cab from the implementation of an improved filtration system and by establishing positive pressurization from increased intake air volume and sealing the cab. This testing showed a significant reduction in respirable dust levels in the enclosed cab when comparing baseline versus post-testing results. Since dust levels were similar near the roof and floor of the cab during post-testing, the unidirectional flow pattern did not appear to significantly improve the performance over the conventional design in this study.

Jan 1, 2009

By J. A. Abols, P. M. Grady

Recovery via gravity is one of the oldest mineral processing methods available. Unfortunately, the use of gravity techniques for gold recovery has been in decline for the past century as more effective chemical processes such as flotation and leach/CIP have been developed. Recently, with the push towards more sustainable environmental outcomes, the benefits of gravity separation have become more apparent. While gravity as a unit process is not usually capable of achieving as high a recovery as flotation or whole ore cyanidation, a combination of gravity devices alone or in conjunction with these processes can offer significant advantages to the operator. This paper reviews the range of gravity devices available, their application and the results that can be achieved by maximizing gravity through the use of a combination of gravity recovery devices. Three case studies are provided.

Jan 1, 2005

By M. Dworzanowski

The physical beneficiation of iron ore that has a wide particle-size distribution is problematic, regardless of the process applied, whether dense medium separation, gravity concentration, magnetic separation, or flotation. The problem of particle size is further compounded when there is a significant -10 µm fraction. Generally the approach to a wide particle-size distribution is to split into narrower size ranges and treat each separately. More often than not the -10 µm fraction is not treated but discarded. This approach results in a more complicated and expensive flow sheet and the loss of any potential value in the -10 µm fraction. Wet high-intensity magnetic separation (WHIMS) bench-scale test work was conducted on a haematite-rich material with a particle size of -200 µm. What made this material different was that it contained a 60% -10 µm fraction, hence discarding the -10 µm material was not an option. The objective of the test work was to determine how to maximize the recovery of the haematite across the full particle size range. Given the unusual particle size distribution, it was concluded that WHIMS would be the only practical beneficiation route. The -200 +10 µm and -10 µm fractions were treated separately and together under varying WHIMS conditions. For a given concentrate grade, the mass yield obtained was greater when the total particle-size distribution was treated. The inferred optimum conditions, using the same material, were tested on a pilot-scale WHIMS and similar results were obtained.

Jan 1, 2014

Since 1992 the Grasberg Mine, located in the remote regions of Indonesia, has utilized the Modular Mining System. Over the last several years, major steps have been taken to maximize this productivity enhancement system. These steps include; the Automated Lineup, the Linear Program upgrade, tracking of Mean Time Between Failure, a MEDS system interface, a VMIS system interface, and implementation of the new Graphical Operator Interface Console with Global Positioning, This application of new technology and innovation has lead to improved performance, understanding and reporting, as well as the quality of the Indonesian Engineers. These efforts have contributed 10 Grasberg achieving one of the lowest mining costs in the copper industry.

Jan 1, 1998

By Collin Bartlett, H. Storch

"Modern metallurgical processes operating with oxygen enriched air, such as the Outotec Flash Smelter and Flash Converter, generate very concentrated SO2 off-gas, which in combination with Outotec sulphuric acid plant technology allows the production of high pressure steam to be used for power generation. Outotec combines well proven technology of sulphur burning plants for this purpose with metallurgical plants.The application of Outotec’s proven LURECTM process enables processing of SO2 gas of up to 25 vol.-%. This process maximizes the energy recovery from the SO2 oxidation at a suitable high temperature level which can be turned into high pressure steam. The application of the Outotec HEROSTM heat recovery system enables the generation of low pressure steam from the absorption energy released at the intermediate absorption step. Additionally, energy is also recovered in the acid coolers for boiler feedwater pre-heating.The concept of integration of high and low pressure steam in combination with the pressurized operation of the boiler feedwater deaerator, thus heating up the boiler feed water to temperatures around 160…170°C, enables indirect transfer of low pressure steam (for deaerator operation) into more valuable high pressure steam, which improves the degree of heat recovery. This is the characteristic of Outotec’s HEROS+TM process.The increased generation of high pressure steam will in turn enable the generation of more electricity when compared to a standard traditional sulphuric acid process."

Jan 1, 2014

By T. Gupta, T. Ghosh

Rare earth elements (REEs) and their compounds are essential in a multitude of mundane and sophisticated applications such as renewable energy technologies, catalysts, medicine, and defense applications. The global supply deficit could be attributed to the destabilization of REE market that has, as a result, incentivized indigenous production of REEs. Cost-effective and environmentally benign opportunities are being explored for the production of REEs from non-conventional mineral sources including coal and coal by-products to stabilize the supply chain. Coal from Healy coal mine and Wishbone Hill deposits in Alaska have been quantified for REEs and were found to possess elevated total REE concentrations as compared to world average levels (60– 70 ppm). The objective of the study was to concentrate the REEs in the froth phase by froth-flotation of the fine size fraction (< 75 μm). A Box-Behnken design of experiment was employed to ascertain the main and interaction effects of operational parameters on response variable by analyzing 3D response surfaces. Experiments were carried out to maximize REE recovery and concentration by modeling and optimization of three operating variables (frother dosage, pulp density (% solids), and collector dosage). Based on the results, the optimum flotation conditions for maximum recovery at an elevated concentration of REEs in the froth fraction was obtained at 4.2% solids and 32.7 ppm of frother dosage for Healy sample and 10% solids and 37.9 ppm of frother dosage for Wishbone Hill coal sample. The quadratic relationship between the input and response variable was found to be independent of collector dosage suggesting good surface hydrophobicity and floatability of the two coal samples.

By Naiyang Ma

Along with steel production, various steelmaking slags are constantly generated at considerably high rates. In general, steelmaking slags are not categorized into hazardous materials and do not cause any environmental issues. Therefore, recycling of steelmaking slags is often aimed at creating values by using the slags to replace high-cost raw materials. Chemical compositions and particle size distributions of slag products from steelmaking slags will determine what raw materials the slag products can replace. Consequently, maximizing the values of steelmaking slags will require to produce slag products with the highest values and to process the slags with the lowest costs. In this paper, several slag processing processes are assessed based on maximization of the values of the steelmaking slags.

Mar 1, 2017

By Juan Pablo Henríquez, Sebastian Lozano, Constanza Soto, Gonzalo Segura, Carlos Torres, Danko Morales

The Atacama Kozan underground mine, located in Tierra Amarilla, Atacama, Chile, was facing over-excavation and slow progress in drift construction, issues associated with the use of traditional explosive, ANFO. The presence of water in the blast holes required as well the use of cartridged emulsions, which extended loading times and increased operators’ effort. With loading times ranging around 76 minutes and lower advanced rate, Enaex Underground proposed the use of a pumpable emulsion-type explosive to optimize blasting, enhance safety, and streamline the operational process. This explosive is loading into the blasting holes using an UBT equipment (Unidad Bombeable para Túneles in spanish). This equipment allows mechanized loading, adaptation to small and medium diameter boreholes, ensuring compatibility with varying drilling profiles, integration with Atacama Kozan’s operational equipment and improvement in environmental and occupational conditions, with a measurable reduction in contaminant emissions and worker exposure risks. The implementation of this emulsion-based explosive allows an increase in productivity in drift development. A notable effective advance rate of 95% to 96% was achieved, alongside a reduction in overbreak in 7%, and a decrease in loading time to 40 minutes. Additionally, there was a 40% occurrence of drilling half cast, contributing to contour drift quality. The operation also benefited from a cleaner and safer working environment, enhancing operator ergonomics and reducing the need for jetanol and compressed air.

Jan 26, 2026

By J. K. Atherton

If the metals sector is to contribute successfully to sustainable consumption we must adopt principles and practices which address the entire life cycle of the materials we produce. Progress must be founded on a sense of shared responsibility for the resources we utilize and the materials we create - it is this integrated approach which lies at the heart of materials stewardship. Materials stewardship means mining and metals companies producing materials in a responsible manner and then working with others, beyond their site, to ensure that the downstream material flows and applications are managed properly to create maximum societal value. In September 2006 ICMM published &apos;Maximizing Value: Guidance on implementing materials stewardship in the minerals and metals value chain&apos;. This document takes a practical view presenting structured guidance as well as good practice case studies. In the publication, materials stewardship is described in terms of the range of activities that can be undertaken to ensure that all parties work collectively toward the responsible use of metal and mineral resources. This paper introduces the materials stewardship concept as set out in `Maximizing Value&apos; and describes the business case for implementation as well as the ICMM framework for promoting materials stewardship.

Jan 1, 2007

By R. W. M. Lai

In flotation or hydrometallurgical leaching of minerals, the cumulative metals recovery for a given process condition generally approaches a maximum value or an asymptote as the process time increases. This paper discusses the experimental methods of identifying and obtaining the asymptote of metals recovery through kinetic studies. In flotation, the kinetic asymptote of metal recovery, or ultimate recovery, is a function of grinding and collector dosage, but within a realistic variable range, is not a function of pH or temperature. However, variations in grinding, collector dosage, pH and temperature, all exert noticeable effects on flotation kinetics. Frothers generally have a minor affect on the asymptote, but have a major affect on flotation kinetics. The asymptote from batch flotation is found to be identical to that of a continuous flotation. In hydrometallurgical Leaching, the asymptote of metal recovery for a given leaching system is a function of such variables as temperature, particle size, and acid concentration.

Jan 1, 1983

By B. Petri, N. Rouse

"Air overpressure monitoring procedures and instrumentation guidelines which apply to production blasting in underground limestone mining are not readily available. The industry also lacks an applicable source for air overpressure levels that are produced by blasting operations in underground limestone mines. As such, there was no available background data from which the expected overpressure levels from production blasting in a new underground limestone mine could be predicted. During the development phase of the mine, it was imperative that newly constructed underground structures be capable of withstanding the overpressure produced by blasting in nearby production headings. To ensure the structures could withstand the blast-induced overpressure, a study was conducted to record empirical overpressure data and develop a model which could be used to control air overpressure levels by the production crews. This document describes the procedures used to develop the model, the development of the model, and the applicability of the model for predicting underground blast overpressures. INTRODUCTION A developing underground limestone mining operation required that a ventilation wall be built to house the permanent mine fans. At the time of the study, the mine was a single-level room and pillar operation with a 7.9 meter (26 ft) high roof, 13.7 meter (45 ft) wide entries, and 13.7 meter by 13.7 meter (45 ft by 45 ft) pillar dimensions. The mine is accessed via a 396 meter (1300 ft) long decline and 100 meter (330 ft) deep ventilation shaft. The ventilation wall was to be partially constructed of autoclaved aerated concrete blocks, for which dynamic strength data from explosives loading were unavailable. The company ownership feared that airblast may affect the wall due to the close proximity of the working faces. Therefore, the company management asked that the overpressure levels be estimated and compared with the designed wall strength. Few studies that apply to explosively-driven air overpressure levels in underground production blasting were found through a literature review. Therefore, the logical approach to assess the overpressure levels was to monitor the blast pressures at the site and conduct a thorough evaluation of the data. As a result of this study, the equipment setup and monitoring procedure used to record the airblast data is described. Finally, the experimental data gathered during the monitoring program is presented, trends and findings from the data are discussed, and recommendations for further study are presented."

Jan 1, 2015

By S. Chai

Waste dumps are widely used to discharge stripped mine wastes in open pit mining methods. As mining progresses, the height of the waste dumps will increase gradually, which may induce sliding failure once the height exceeds a critical value. Therefore, estimation of the maximum dumping height is crucial to the life-cycle use of a waste dump. However, published information about the maximum height of mine waste dumps are extremely rare. In this study, the maximum dumping height is estimated based on the strength-reduction technique by numerical simulations. The influences of dump geometry and properties on the maximum height are investigated. The results show that the maximum dump height decreases as the dump slope inclination angle α or the unit weight of dump materials γ increases, but decreases when the shear parameters of dump materials (cohesion c and internal friction angle ϕ) increase. The maximum height starts to increase with the ground inclination β when shear failure occurs at the interface between the dump and the base. Furthermore the effects of the dump width B, Young’s modulus E, and Poisson’s ratio μ of dump materials on the maximum height are almost insignificant. Good agreement was found between numerical results available in the literature and those obtained in this study.

Oct 1, 2022

By Donald Carlisle

"IntroductionTHE OPINION is held by many persons outside the mining industry, and by some within it, that mine •operators customarily find it advantageous to mine •only the richer parts of orebodies and to leave behind, perhaps permanently, leaner material which could be mined only at a lesser profit. This opinion and the inference which might be drawn from it that 'gutting' of mineral resources is a common feruture• of the mining industry are prejudicial to the intertsts of the industry and deserve careful scrutiny. Oddly enough, a theory of mine economics which gives much support for the opinion was advanced first by members of the mining profession itself, has been repeated •several times in mining literature, and to my knowledge has never been adequately refoted.According to the theory, selective mining of the rich ore first on a large scale will yield substantial gains and these gains do not merely reflect the desire of 'money minded investors' for a quick return but derive from the logical application of compound interest rates and the concept of ;present value. W. O. Hotchkiss and R. D. Parks (1) illustrate the reasoning with a hypothetical example in which an orebody of 4,000,000 tons may be mined either in its entirety in forty years at $1.00 per ton profit or selectively with the recovery of only the richest half in twenty years at $1.50 per ton profit. They show that, with Hoskold rates of 4 and 8 per cent, the present value of profits from mining only the richer 2,000,000 tons exceeds the present value of profits :from mining the whole orebody by about 20 per cent."

Jan 1, 1953

By Paul H. Rylund

Substantial priming was a considered necessity for proper initiation of ammonium nitrate-fuel oil mixes as ANFO began to carve its niche in the mining industry in the latter fifties. Heavy priming accompanied the introduction of prills and oil to many blasting operations, large charges of high explosives were commonly used at the bottom, top and frequent intervals through-out the column. As the quality of ammonium nitrate improved and operators became more experienced, primer costs began to diminish. Increased experimentation continued with reduced primer costs a main objective. Cast primers were introduced and became accepted as an excellent companion for ANFO. Although the trend toward larger diameter boreholes became increasingly popular, emphasis on lower and lower priming costs continued. A primer was simply required to produce any type of initiation within the ANFO column to be considered adequate. Suddenly ANFO priming had digressed from excessive to marginal. Early experimental data developed at "test site" and laboratory locations indicated that ANFO had a tendency to react inefficiently in the initiation region of the column unless substantially primed. This was evidenced by the presence of unstable reaction rates detected with newly developed detonation velocity measuring equipment. These 10" order or "transient" velocities were believed to originate because of inadequate primer strength or a primer diameter to column diameter mismatch. How-

Jan 1, 1972

By JAMES A. VEASEY

SINCE the World War, excepting for a few brief periods of relief, the American petroleum industry has been obliged to meet its important economic responsibility to this nation hampered by the maladjustment that inevitably follows a marked and unwholesome over-production of its raw material, crude oil. Despite the warnings of the Federal Oil Conservation Board and the endeavors of many of the leaders in the business to stem the flow of oil from the wells of the country, the evil ,not only persists but, at the moment, seems more malignant than ever before. Unless the local and temporary restraints on drilling and production now in effect in California, Wyoming, Texas, and Oklahoma are continued, and, indeed, unless stricter and more comprehensive measures of the same sort are imposed and adhered to by the industry in those States, over-production in the enterprise during the current year will be more pronounced than in any other period in history.

Jan 1, 1929

By T. S. Grewal, S. C. Gupta, H. Natarajan, T. W. McQuade, N. Nejibulloev-Mamedov

Cigar Lake is one of the world’s largest high-grade uranium mines. The ore mined at Cigar Lake is milled at Orano Canada Inc’s (Orano) McClean Lake mill. The average Cigar Lake ore uranium grade since the start of mining activities in 2014 is 17.8% U (range 8– 28%). To achieve budgeted production of 18 M lbs U3O8/yr the required average feed tonnage to the mill is about 45 kt/yr. Arsenic, occurring as arsenides and sulpharsenides, is one of the major elements of concern associated with Cigar Lake ore. The leaching process is a sulphuric acid leach under oxidizing conditions at near atmospheric pressure. The presence of arsenic in the ore consumes oxidant in leaching as well as ferric sulphate in tailings preparation for arsenic sequestration. The average arsenic grade since the start of mining at Cigar Lake is 0.57% As. Further, the ore is hosted in a matrix of sandstone and clay, which results in poor settling in CCD. The average uranium grade for the balance of Cigar Lake Phase 1 ore is expected to drop to 12.5% U and the average arsenic grade is expected to increase to 1.6 % As, with an annual average peak of 2.5%. Therefore the tonnage throughput required to sustainably meet the production target will increase to 55 kt per year. Orano partnered with Hatch Ltd. (Hatch) to perform a gap analysis study to identify key circuits and equipment in the mill that would require debottlenecking. A METSIM mass balance model of the McClean Lake mill was generated and validated with actual mill operating data. Various feed scenarios were then studied, and the outcome was a traffic light table, which highlighted feed scenarios that exceeded installed capacity of major equipment and circuits. The results provided the basis for the PDC for the pre-feasibility study. This paper will outline the results of the gap analysis, the mass balance model, the feed scenarios and the study undertaken to prepare the McClean Lake mill for the change in ore quality from Cigar Lake.

Jan 1, 2020

By L. O. Storey

The McDermitt mine was found as a separate mercury ore-bearing occurrence approximately 305 m (1000 ft) northeasterly and in a different geologic setting from the old Cordero mine, which had been the district&apos;s major producer. The following briefly describes the discovery of the new deposit and the Placer Amex lnc. involvement. The Cordero mining property was under lease by Sierra Mineral Management from the owner Fred H. Lenway in February 1971, when the property was brought to the attention of Placer Amex Inc. (known at that time as American Exploration and Mining Co.) by Richard F. Hewlett of Sierra Mineral Management. The property was first examined by Amex geologists in the spring of 1971, who reported favorably on the project. During that year, Sierra Minerals Management had retained Dr. Larry Walters as a consultant. He proceeded to drill test mercury soils anomalies which he had found northeast of the old Cordero mine in an area overlain by recent alluvium and gravel. An area known as the D area was subsequently blocked out and ascribed a tonnage of about 18 1 kt (200,000 st) which occurs in the vicinity of the eastern edge of the currently defined McDermitt ore body. This mineralization was found in flat lying mercury-bearing lakebeds, unlike the steep structurally controlled ore which was mined in the old Cordero mine. It became apparent to Placer Amex that since the chances of much more extensive ore were good in such a geologic environment, additional exploration was warranted. A joint venture was formed in October 1972 by American Exploration and Mining Co. and Sierra Mineral Management to further explore the Cordero property. The project exploration was fully funded and managed by Amex. Sampling began by Placer Amex in the D area where an open trench had exposed the lakebed ore. Visible cinnabar could not account for the high-grade mercury assays taken from the trench, and an unknown mercury mineral was suspected. Subsequent work established the presence of a chlorine-bearing mercury sulfide which may have enriched the lakebeds as a secondary supergene mineral. Early identification of the mercury-bearing mineral corderoite (Hg3Cl2S,) aided in the geologic concepts for the ore occurrence and was helpful in exploring for the expansion of the D area. Corderoite was found occurring with cinnabar in the lakebeds, and in places it is a major contributor. Specimens of the unique ore were given to Dr. Eugene E. Foord and Dr. Pieter Berendsen at Stanford University, who subsequently identified the chemical and crystallographic makeup of the new mineral and described it for the first time as a naturally occurring substance. Metallurgical work on mercury recovery from the newly described mineral was carried out by the Placer Development Ltd. laboratories in Vancouver, and an acceptable recovery system was worked out together with a planned mill design. Step out drilling from the D area by Placer Amex Inc. encountered extensive flat lying lakebed ore. The McDermitt ore body, as subsequently defined by drilling, was found to contain 2.7 Mt (3 million st) of open pittable ore, containing approximately 5 kg/t (10 lb per st) Hg. The ore body gently dips to the north and is found lying mainly in claybeds just above an opalite breccia blanket which overlies the earlier volcanics. Some ore is also found in the opalite breccia. The mine and mill were constructed under an operating joint venture with Placer Amex Inc. and Sterling Mineral Ventures, and production began in June 1975 at the rate of 20,000 flasks per year. The mine is currently in progress.

Jan 1, 1985

By Geo. D. Furse

"The information that has accumulated regarding the geology of the McIntyre mine is the result of work by several geologists and, as might be anticipated, their conclusions have varied. The writer has been at the mine only a few years and due to wartime conditions has not been able to study and review the mine's geology as thoroughly as his predecessors. Where the writer's conclusions differ from those of previous authors, it should be noted that he has been unable to re-map all the workings in which flow contacts are exposed, but has endeavoured to describe the structure as indicated by the evidence he has been able to observe. He wishes to thank H. G. Skavlem and H. S. Robinson for their constructive criticism of this paper, and McIntyre Porcupine Mines, Limited, for permission to present it. A list of references is appended.The McIntyre mine is in the central part of the Pearl Lake section of the Porcupine gold area. It includes the ""bed of Pearl lake, twenty-two claims to the north of the lake, and the Platt Vet lot to the southeast. It is bordered on the west by the Hollinger and on the east by the Coniaurum property. The chief ore-bearing veins on the upper levels lie very close to the north shore of the lake, but some occur under the lake, and others of lesser importance are found to the southeast. The most important veins are Nos. 3, 5, 7, 10, and 25. Some of the veins extend into the Hollinger. on the west and others cross the east boundary into the Coniaurum. The total production since the commencement of milling in 1912 to the end of March 1947 has been $168,448,218 in gold and silver from the milling of 17,690,963 tons of ore."

Jan 1, 1954

By The Staff

THE property of McKenzie Red Lake Gold Mines, Limited, consists of eleven claims located on McKenzie island in Red lake. The mine is about 4,Y:l miles by water from the Howey townsite on the same lake, and about 95 miles north of Kenora, Ont. (see Figure 4). Mail and express are flown-in daily, winter and summer, from Sioux Lookout, Hudson, Kenora, and Winnipeg. All heavy supplies are freighted-in during the summer over a water route, using four marine railway portages, from Hudson, Ont., a distance of about 180 miles. During the winter, freighting over the same route is clone by tractor if necessary, but costs are three to four rimes the summer rate. Due to these conditions, large inventories of supplies must be kept on hand, varying from a spring minimum of $45,000 to a peak of $110,000 early in November. The average cost of all freight brought in from steel during 1937 was $0.01 per pound.

Jan 1, 1938