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By Carl-Henrik Knudsen, Rolf Tore Arnesen, Eigil R. Iversen

Recovery of iron and copper from acid mine drainage was studied in pilot scale at a continuous treatment plant at the mine site of the King's mine in Roeros, Norway. The average load on the plant was 1 m3/h. The process tested in this project is a three-step process consisting of: 1) Fe(OH)3 precipitation at pH 3.5, dewatering of iron sludge and transport to ferric chloride plant; 2) after filtration precipitation of residual metals at pH 9, concentration of metal sludge by flotation; 3) extraction of metals from the sludge with sulphuric acid followed by recovery of copper by electrolysis. The copper could be used for local production of different crafts, but this condition needs a further evaluation. The process economy at a full scale plant is evaluated.

Jan 1, 2000

By Philip D. Wilson

FEAST and famine-or, chronologically, famine and feast-have characterized the aluminum supply program during 1943. Fortunately for the war effort the famine phase is over and aluminum production is now in the happy position of being abundantly able to supply all the requirements of the armed services plus a monthly surplus which is building up a substantial stock pile as a reserve against any contingencies. But the present condition of oversupply cannot be attributed to the super-efficiency of the aluminum production program which was designed to take care of the over-all requirements of the war with little or no margin of safety. The present more than comfortable situation is due primarily to the fact that the armed services generally have not consumed anything approaching the amount of aluminum which their requirement estimates indicated.

Jan 1, 1944

By Ting Liu, Qian Li, Peng Deng

The wastewater containing Hg2+ and Pb2+ does great harm to the environment and human bodies. Traditional wastewater treatment cannot fundamentally put a stop to heavy metals pollution for producing secondary pollution. In this paper, Hg2+ and Pb2+ in wastewater were removed and recovered by sulfide precipitation- flotation. Sodium sulfide was used as precipitant and butyl ammonium aerofloat was used as collector. Results indicated that Hg2+ and Pb2+ could be reduce to less than 0.03mg/L and 0.16mg/L respectively by both coprecipitation- floatation and fractional precipitation- floatation. In these two methods, fractional precipitation flotation could not only remove Hg2+ and Pb2+ from wastewater, but also could recover mercury and lead effectively. The infrared spectrograms showed that the adsorption between butyl ammonium aerofloat and mercury precipitate or lead precipitate is chemisorption.

Jan 1, 2015

By J. R. Thoenen

The enormous and constantly increasing demand for limestone to supply a multitude of uses is a remarkable feature of the mineral industries. As approximately 130,000,000 tons of limestone are produced annually, it is not surprising that deposits at or near the surface are gradually being exhausted and that less advantageous supplies are being worked. Quarries are becoming deeper and wider year by year, and in many places the volume of overburden that must be removed to allow open-pit work has increased alarmingly. Quarrymen are also gradually learning how expensive it is to sort and clean stone from a deposit overlain by poor material. As such conditions confront the limestone industry, the natural tendency is to seek some modification in method whereby the handicaps of increasing cost may be met and overcome. Operators, some of them unwillingly, have been forced to conclude that underground work in drifts and tunnels is the most logical solution of the problem. The unwillingness of some is largely due to unfamiliarity with mining and to the unfounded fear that costs must increase and dangers multiply when mining is undertaken.

Jan 1, 1926

By Thom Sedun

No sector of the mining industry is more closely tied to local communities than aggregates. Noise, dust, traffic, visuals aesthetics and environmental impacts all fall under the purview of neighbours, local governments and nongovernment organizations. It is no surprise that aggregate operations may not be welcome neighbors in many communities. In British Columbia (BC), the regulatory environment for aggregate operations includes a local component of municipal bylaws and land use-planning in addition to the usual suite of federal and provincial statutes that apply to its sister mining sectors. Additionally, under common law aggregate extraction is not considered to be a land use subject to land use zoning, and some aggregate processing activities can be regulated by zoning. Often traversing multiple local government jurisdictions, aggregate producers find themselves negotiating not only local traffic, but also a mosaic of regulatory environments. There is an opportunity in this present situation to facilitate the application of current technology and practices in the mitigation of many community and environmental concerns associated with aggregate operations. Moving a bulk commodity is a volume-based business, and operators often don?t have time for matters that don?t directly or obviously affect the bottom line. Regulatory agencies often play multiple and complex roles with respect to their industry, not the least of which is the fiduciary role. Balancing how and when to assist an industry is often a difficult decision. For the aggregate industry in BC, the Ministry of Energy and Mines saw an opportunity to assist not only aggregate operators, but also regulatory agencies, local governments, and the general public. Through investing in the Aggregate Operators Best Management Practices Handbook (handbook) project, the Ministry of Energy and Mines (MEM) believes that it will realize a return of upheld community values, enhanced environmental protection, improved regulatory compliance, reduce disputes and a stronger provincial aggregate industry. It is the intent to publish the handbook electronically through the MEM website later this year.

May 1, 2002

By Jürgen Kretschmann, Christina Suarez, Jürgen Brune, Stefan Möllerherm

"The Ruhr region in Germany’s North-Rhine Westphalia is going through significant change. By the end of 2018, the last two underground hard coal mines in the Ruhr, Ibbenbüren and Prosper-Haniel collieries, will close their portals and bring an end to more than 200 years of coal mining and an industry that was once the economic and cultural backbone of the area. Ruhr is undergoing an impressive economic and cultural transformation, as it gradually shifts from being a region once dependent on coal and steelmaking to a post-mining region focused on redesigning itself as a cultural center. This article focuses on the socioeconomic impacts of the transformation into post-mining and the roles of the government, labor unions and local community to aid the transformation from the perspective of an American student. It will look into the cultural values that are helping to drive the transformation and compare them to American standards and values in order to determine if a similar approach can be used in the United States and its coal industry. History and backgroundUnderground hard coal mining has had a long history and a significant impact on the culture and economy in Ruhr since the early 19th 20century. The Ruhr region is located in the heart of the German state of North- Rhine Westphalia. Ruhr is bounded by the Rhine River in the west, the Ruhr River in the south and the Lippe River in the north, with the Emscher River running through its center.The Ruhr is home to around 5.1 million people and spans an area of approximately 4,500 km2 (1,730 sq miles). Before the era of industrialization, the Ruhr was a rural, agricultural region. Small-scale coal mining began in the 13th century, with coal being used for heating, cooking and metallurgical processes, including steelmaking. With 19th-century industrialization, coal mining became a significant driver of the region’s economic structure. Steam engines, and soon, electric motors, allowed for the pumping of mine water and for powerful hoists hauling from deep shafts, enabling miners to reach deeper coal seams that were once thought impossible to mine. The Ruhr mining boom began in the 1850s, supported by Prussian economic policies that attracted many workers and their families to the region. The population grew from 400,000 in 1850 to 5.7 million in 1957. The coal and steel industries were key contributors to Germany’s “Wirtschaftswunder” — or “miraculous economic recovery”— in the 1950s. In 1956, the coal industry reached its peak production of around 112 Mt/a (124 million stpy) of coal and employed almost 600,000 miners."

Mar 1, 2019

By Kumar Ashish, Shukla Akhilesh, Kr. Rokkam Kiran, M. Sheeba, S. Sombhatla Sundar

"Purification of zinc leachate plays a predominate role in zinc leaching refineries, to produce impurity free cathode sheets. As a part of such purification sequences, copper cementation with zinc dust is the preliminary step, since the presence of copper will preferentially deposit during zinc electro deposition and has the effect of reducing current efficiency. The cake thus produced is being accumulated as an inventory, due to invariable market and leading to space constraints & hazardous ambience. Hence, a project has been taken up for in-house generation of copper sulphate solution through ammonical leach followed by solvent extraction process and utilizing it as an active promoter for zinc sulphide flotation in Hindustan Zinc’s own captive mines. Cold purification cake majorly contains copper (30-40%) along with zinc (10-20%) and cadmium (2%). Confirmation to the above statement, photomicrographs of purification cake also confirmed the major presence of copper in metallic or oxidized form. In present work ammoniacal carbonate leaching of purification cake followed by solvent extraction using diketone based solvent has been studied under the influence of various parameters viz., temperature, agitation, pulp density, ammonia, CO2 dosages, solvent concentration, and impact of w/s zinc on leaching and solvent extraction. Leaching kinetics determined based on shrinking core model. Chemical reaction at unreacted core was found to be the rate controlling step. The estimated activation energy was found to be 24 KJ/mol. Leached copper has been extracted by solvent extraction with a ß diketone based solvent and is stripped with sulfuric acid as concentrated copper sulfate solution. The above established R&D findings are successfully implemented in the Commercial plant with a treatment capacity of two tons of cold purification cake per batch. Till now 500 MT of Purification cake has been treated, and generated 6500 MT of copper sulphate (55 g/l Cu), with final Cu recoveries between 87-90%."

Jan 1, 2018

By Mohammad Mainul Hoque, Linhan Ge, Ai Wang, Geoffrey Evans, Subhasish Mitra

"Dispersed phase interactions involving bubbles and particles in the turbulent environment play a significant role in the flotation process. The conventional collision models only account for the deterministic rather than the stochastic behavior of turbulenct flow. What the bubble-particle collisions would be like remains an open problem due to the complex nature of turbulent flow. To address this research question, the present study aims to quantify the bubble-particle collision efficiency incorporating turbulence using the computational method. Multiple solid particles were released to interact with a single stationary rigid bubble (non-deformable interface). Effect of particles Stokes number, turbulent intensity (TI) and integral length scale on the bubble-particle collision efficiency (Pc) was examined. Large Eddy Simulation method (LES) was used to compute the continuous phase. Fluctuating velocity required at the inlet boundary condition was derived from Gaussian energy spectrum to generate the upstream turbulence. Discrete Phase Model (DPM) is used to simulate particle trajectory. The characteristics of turbulent flow were analyzed through Energy spectrum and energy dissipation rate. The critical initial releasing radius of the annulus, where Pc equals zero, reaches up to 1.5(Rb+Rp) under high turbulent intensity (TI) 20.48% compared to 0.23(Rb+Rp) calculated from the traditional Pc model. Pc decreases as the distance of initial releasing annulus between bubble centre increases. Pc increases as particle Stokes number increase up to 0.66. The collision efficiency for particles of St less than 0.38 is higher under TI 11.78% compared to TI 4%.INTRODUCTION To increase mineral recovery, interactions between bubbles and particles are essential. All flotation devices achieve it through introducing some level of turbulence into the system by increasing specific energy dissipation rate. Figure 1 shows three different flotation equipment, traditional floatation cell, Concorde cell and cyclonic-static micro-bubble flotation column (FCSMC), with different turbulence generation mechanisms – impeller, down-flow liquid jet and pump recirculation, respectively."

Jan 1, 2018

By C. A. Young, J. L. Bowden

"Cyclic voltammetry experiments were conducted on copper and chalcopyrite (CuFeS2) in the absence and presence of ethyl xanthate, and compared to mass-balanced EH–pH diagrams. The results for copper duplicate those found in the literature and confirm xanthate chemisorption. However, the, results indicate that chalcopyrite oxidizes to chalcocite (Cu2S) and only afterwards is chemisorption observed due to small currents appearing with xanthate. This phenomenon suggests that the mineral's hydrophobicity is induced by more than dixanthogen and copper xanthate. Hydrophobicity was found to be pH-dependent over a range of alkaline conditions (pH 7–11) at narrow potentials (0 to –200 mV). An EH–pH diagram for chalcopyrite with xanthate is presented to illustrate the conditions under which chalcopyrite would be hydrophobic and thereby more thoroughly explain the results in the literature. IntroductionSulphide minerals are generally concentrated from ores by froth flotation, a physiochemical process that induces separation based on differences in hydrophobicity. In this process, a gas is bubbled into a slurry and the minerals that are hydrophobic (water-repelling) adhere to the bubbles and float to the surface while the hydrophilic (water-loving) minerals remain in the slurry. With sulphide minerals, the hydrophobicity is generally established in two ways. The first is by the addition of a collector, which is a heteropolar molecule with a reactive inorganic head group and an inert organic tail. Typically, the head group bonds with the sulphide mineral surface by adsorbtion either chemically (chemisorption) or physically (physisorption) or by complexing with atoms that solubilize somewhat at the surface (surface precipitation). These interactions leave the organic tail protruding from the mineral surface, thereby inducing hydrophobicity. The second method is by oxidation of the mineral surface to form a layer that is metal-deficient/sulphide-rich or comprised of elemental sulphur. Because the layer mimics naturally hydrophobic sulphur, this enables ‘collectorless’ flotation. Furthermore, this oxidation phenomenon adds an electrochemical dimension to the understanding of sulphide mineral flotation."

Jan 1, 2016

By M. M. Botz

Cyanidation tailings which are disposed in a surface impoundment experience a loss of cyanide due to natural degradation, frequently reducing the cyanide concentration to very low levels. Quantifying cyanide losses in terms of pond geometry, local weather conditions and feed solution chemistry has been largely empirical though in many cases mining operations rely on surface impoundments to reduce cyanide to below an internally regulated concentration or an effluent limitation. To permit a more quantitative evaluation of cyanide losses in an impoundment, a computer simulation was developed to estimate the losses of free, WAD and total cyanide due to dissociation, photolysis and volatilization. Results of the model are compared against data collected for a North American tailings impoundment during 1998.

Jan 1, 1999

By Eric J. Grimsey

Steady state Excel models for a copper flash smelter and an iron blast furnace are used to enhance the teaching of pyrometallurgical smelting principles within a fourth year level process engineering unit delivered at the Western Australian School of Mines. A lecture/workshop approach has been adopted in which student teams undertake process simulation assignments that illustrate the multifaceted responses of process outputs to variation of inputs, the objectives being to reinforce their understanding of smelting principles. The approach has proven to be popular with students, as evidenced by the consistently high ratings the unit has received through student feedback. This paper provides an overview of the teaching approach and process models used.

Jan 1, 2014

By James A. Browning

Following an unsuccessful attempt earlier in the program to develop and market a drill channelling machine, we have designed and tested a new continuous channelling method which reduces operating sound levels to below 100 db. This new method relies on a small diameter oxygen-enriched burner to produce narrow channels. Sound intensities are reduced substantially compared to conventional channel widths. They are further reduced by a water spray directed immediately above the flame. Baffles placed along the top of the channel will reduce sound levels to below 90 db. Cutting rates are greater than those of existing channelling burners with costs per unit of channel area substantially reduced for those cases where oxygen costs are reasonable.

Jan 1, 1981

By H. E. Powell

A solvent extraction procedure was developed on a laboratory scale for recovering trisodium phosphate, zinc, and iron from waste phosphate sludge as separate products. The sludge was dissolved in hydrochloric acid, and iron was extracted as ferric chloride by isopropyl ether. Zinc was extracted by di-2-ethylhexyl phosphoric acid in kerosine. The efficiencies of the one-and two-stage extractions ranged from 98 to nearly 100 percent. Trisodium phosphate was recovered by crystallization from the raffinate. The value of two marketable products is considerably more than than the costs of the major reagent. The process was developed to permit recycling of values in this waste and to consequently reduce stream pollution from this source.

Jan 1, 1972

By D. R. Parker

"This paper canvasses emerging trends in public policy and law, which may influence the zinc industry's interest in recycling. There are forces at work beyond direct economic benefits that will drive recycling of zinc, including:• corporate determination to pursue sustainable practices and product stewardship.• public perceptions and pressure,• customer and investor demand,• workforce recruitment, and• protection and expansion of marketsIn this paper, these ""indirect"" forces are examined with particular focus on the zinc industry: It is concluded that, in today's world with an emerging precautionary approach to policy and law making, public perception concerning the environmental implications of metal products, and the need to conserve resources for future generation, a strong industry response is required."

Jan 1, 2000

1. Reviews A concise world atlas of geology and mineral deposits, by D. R. Derry. London, Mining Journal Books, 1980. (Reviewer: B. C. Alberts) The geology of the Western Cordillera of northern Peru, by various authors. London, Institute of Geological Sciences, Overseas Memoir 5. (Reviewer: C. E. Feather) 2. New books Influence of diffusion coatings on the strenth of steel, by G. V. Karpenko, V. I. Pokhmurovskii, V. B. Dasilov, and V. S. Zamikhovskii, second revised and updated edition by A. Aladjem. Aedermannsdorf (Switzerland), Trans Tech Publications, 1979. 200 pp. Sw. Fr. 68.00. Mechanical and corrosion properties, by G. S. Ansell, P. Haasen, J. Weertman, D. J. Fisher, U. Gramberg, and F. W6hlbier (editors). Heat-resistant and refractory steels, by K. L. Lanskaya. Aedermannsdorf (Switzerland), Trans Tech Publications, 1979. 266 pp. Sw. Fr. 86.00. Hardening of metals, by P. Feltham (editor). Aedermannsdorf (Switzerland), Trans Tech Publications, 1980. 316 pp. Sw. Fr. 78.00. Precious metals The 6th International Precious Metals Conference will be held in Newport Beach, California, from 7th to 11th June, 1982. Strata mechanics A symposium on Strata Mechanics is to be held in Newcastle-upon-Tyne from 5th to 7th April, 1982. Over the past thirty years, mining of coal and stratified mineral deposits has become increasingly capital-intensive, and the level of investment demanded by modern methods has led to demands for improved assessment of their likely performance.

Jan 1, 1981

By S. K. Mishra

Introduction The history of the Australian coal industry is almost as old as the history of Australia after new settlement. The first cargo of coal was exported from Newcastle to India in 1799. Coal has been mined in Australia for almost two centuries. But there are indications that the first coal was processed in 1877 in the Newcastle area. This is nearly 50 years after the first coal processing in Europe. Processing on any significant scale began in 1944 at the Newcastle Steel Works. In Queensland, however, coal processing did not begin until the second quarter of this century. The dramatic growth of mining and processing of Australian coal since the mid-60s is primarily due to the expansion of the export market in Japan, Asia, and Europe. Australian coals Black coal occurs in most of the major sedimentary basins of Australia. The better known deposits of commercial importance are in the Sydney, Bowen, Oakland, and Gailiee Basins. Apart from the Collie Basin in western Australia, other coal deposits of the Arckinga Basin in South Australia, the Bonaparte Basin in Northern Territory, and the Tasmania Basin are basically unexploited. The Sydney Basin of New South Wales and Bowen Basin of Queensland remain the major producers of black coal in Australia. Currently exploited or potentially commercial deposits of black coal in Australia occur in strata ranging in age from Permian to Tertiary. Estimated black coal reserves are summarized in Table 1. Coals from different ages have significant differences in their petrographic characteristics. Many of the Permian coals are usually rich in inertinite. Jurassic and Tertiary coals are typically rich in vitrinite content. Typical petrographic and chemical characteristics of some important Australian coking coals are summarized in Tables 2 and 3. The reserves of coking coals are restricted in the main to the Permian coals of the Sydney and Bowen Basins. Coal deposits in the latter are at shallow depth. A high percentage of these are being strip-mined. On the other hand, in the Sydney Basin, the majority of the reserves of good quality coking coals are at significant depth. The mining cost of these deposits is substantially higher than those in the Bowen Basin. It is usually possible to make strong coke with Australian Permian coals of vitrinite content much lower than the other international coals. But there are many major Permian deposits in Australia where low vitrinite content presents problems. As they are classified as marginal coking coals, optimization of their pro¬cessing plays an important role in meeting the market specifications of coking coal. The major reason for processing Australian coal is to reduce the ash content. Compared with British and some American coals, Australian coals are of relatively high ash content. Unlike American coals, more than 99% of the Australian coal deposits have sulfur content less than 1%. Consequently, sulfur control has never been a major problem. The coking quality of coal is improved simply through the ash reduction in the marketable product. However, with the increase in intensive mechanization and multi-stage handling of coal be-

Jan 9, 1985

By E. Stamboliadis

Dithiophosphates are reaction products of phosphorous pentasulfide with various organic compounds such as phenols, alcohols, mercaptans, dioalcohols, amines, and nitrides. The products with alcohols are commercially known as "aerofloats" and these are investigated in this presentation. It appears that the formation of insoluble metal dithio phosphates is responsible for their collecting properties with minerals." In this aspect they are very similar to xanthates.3 The solubility of metal dithiophosphates depends on the number of carbon atoms in the organic chain of the corresponding alcohol. An empirical mathematical model is presented here. It allows one to predict the number of carbon atoms necessary to ensure that a certain metal dithiophosphate will form at a selected pH value of the water solution. The Nature of Dithiophosphates Dithiophosphoric acid is the product of the reaction of phosphorus pentasulfide with an alcohol, as shown in the following equation: [P2S3 + 4 ROH - 2 (RO)2 PS2H + H2S (1)] where R stands for a hydrocarbon chain. The acid so produced can be neutralized by a base to produce the corresponding salt as shown in the following: [(RO), PS2H + NH- (RO)2 PS, NH,. (2)] In this aspect dithiophosphates are similar to xanthates, the only difference being the substitution of the tetravalent carbon atom in the xanthate polar group by a pentavalent phosphorus atom in the dithiophosphate group. This difference implies at least two characteristics: (1) that there are two hydrocarbon chains associated with the polar group so that an increase in the number of carbons of the single chain is expected to have a pronounced effect on the flotation properties, and (2) that the bond between the sulfur and the central atom is stronger than in the xanthate group. This probably leads to a decrease in both the polarizability of the electronic cloud of the sulfur and the interaction with cations.3 However, what is lost in the dithiophosphates by having a weak polar group can be gained by an increase in the number of carbons as will be seen later. Taking into account the size of the atoms involved in a dithiophosphate molecule, as listed in Table 1, It is possible to draw an approximate diagram of its structure as shown in [Fig. 1]. It is assumed here that the length of the single hydrocarbon chain is equal to that of the corresponding alcohol. Preparation and Purification Acid dithiophosphates can be prepared, as previously mentioned, in accordance with Eq. 1. The rate of this reaction is too slow at room temperature and can be improved by increasing the temperature to about 60° or 80°C7 or by evacuating the system. In our investigation evacuation was performed by a water aspiration pump. The dithiophosphoric acid so produced is liquid and dissolves in the alcohol. At the end of the reaction the product is filtered from the remaining P2S3; and dissolved in petroleum ether. By blowing anhydrous ammonia gas into the ether phase the ammonium salt forms as a white precipitate and can be sepa-

Jan 1, 1977

By R. D. Longyear

[Some Problems Involved in the Interpretation of Diamond-drill-hole Sampling and Surve ing (paper by J. J. Collins, Mining Tech., Jan. 1946). ............... I Geologic Interpretation of Magnetic Exploration on the Mesabi Range, Minnesota (paper by R. H. B. Jones, Mining Tech., July 1946) ................... 2] DISCUSSION R. D. LONGYEAR.*-Mr. Collins is to be commended very highly for the brief summary he has made of the currently used methods of taking diamond-drill sludge samples and the principles involved in evaluating the results. This paper should stimulate further discussion and research on this vitally important problem. It is particularly imperative that geologists and engineers know when assay results on sludge recovery can be accepted quantitatively and when they must be considered only qualitatively. In most cases where the sludge recovery is less than 95 per cent or more than 125 per cent, it is safest to consider the assays as of qualitative value only. Certain cases, however, are known where a relatively small proportion of the sludge sampling will give a reasonably accurate measure of the value of the total sample. One such case is ore in which the valuable mineral is of approximately the same specific gravity as the waste mineral, such as chalcopyrite in a massive pyrite body. The essential point is to determine the degree of accuracy of sludge sampling in any given drilling project and to weigh the results accordingly. It should be emphasized, however, that sludge sampling can be made reliable in many localities where careless practice produces unreliable results. In many instances, it is desirable to empty the core barrel in the core shack instead of at the drill, so that the engineer can examine the core as it first comes from the core barrel. It should be pointed out, however, that the drill * E. J. Longyear Co., Minneapolis, Minnesota. runner should be permitted to study the core to guide his future drilling. It is hoped that with the return of more normal conditions after the war geologists, engineers, contractors, and manufacturers will be able to carry on more research along the lines of improved core-barrel design and drilling technique with the objective of increasing core recovery so as to eliminate as far as possible the necessity of relying upon sludge samples. H. M. ROBERTS.*-Whoever in the future will have to do with the search for ore bodies and their exploration will have frequent occasion to refer to the clear and comprehensive summary on diamond-drilling methods by John Collins. His review of the experience of the last 40 years in this technique is invaluable. As Dr. L. D. Ricketts wrote in 1932, "The principles on which an art is founded are usually few and necessarily basic in nature, but he who wishes to achieve the power to select his aides and give success to important undertakings that may be intrusted to him in the future must ordinarily undergo years of drudgery in order to gain the experience that will enable him to distinguish such fundamentals through the haze of reinforcing detail that clothes and tends to disguise them."[t] Ricketts went on to say that since the beginning of the century there has been much

Jan 1, 1946

The basic model for the evaluation of any coal-bearing property is the cash flow projection, the major components of which are operating costs, capital charges, taxation and revenue. A range of cash flow projections can be produced by varying the assumptions which underlie the operating costs, by assuming various forms of capital funding, by making assumptions as to future taxation and by speculating upon the present and future market value of the product. As for any model, the informational inputs and assumptions are vital because, no matter how sophisticated the processing, the informational inputs and assumptions cannot be improved by it. That is to say, the validity of the output (the total evaluation itself) cannot be of greater certainty or significance than that of the inputs. The total evaluation can of course be expressed in a number of ways such as the Discounted Cash Flow (D.C.F.) Rate of Return, the Net Present Value or, the Payback Period. The foregoing statement may seem trite. However, it is necessary to be clear about it so as to avoid unnecessary complication and a preoccupation with techniques as opposed to the informational inputs and assumptions. So far as techniques are concerned, much has been written and said about them during the last decade. Most of us have heard, if not always understood, something about probabilistic models, Monte Carlo simulation, sensitivity and risk analysis to say nothing of inflationary costing and the relative merits of developing cash flows in terms of current or constant money. Those techniques have their value, particularly if they can serve to illuminate conclusions which could not be reached on a simple and even perhaps on an intuitive basis. I am, however, reminded of one major coal mining project in which 20 or more major variables were identified, many cash flow projections were run on the computer and a detailed sensitivity analysis was carried out. The major conclusion reached was that the D.C.F. Rate of Return was predominantly sensitive to variations in selling price and operating cost. Of course, the funding and fiscal elements of a cash flow projection have to be dealt with as rigorously as possible. However, in the development of any coal property, capital requirements and taxation are, in part at any rate, dependent upon the assumed operational parameters. If the latter are misjudged, the whole evaluation process is deeply affected. The same is true of revenue, in the sense that, the positive cash flow is a function of output as well as selling price and again, misjudgements about achievable and maintainable levels of production also deeply affect the final evaluation. I shall try to underline the fundamental influence of the technological factors upon lead times, capital costs, operating costs, taxation, funding and the achievable and maintainable levels of production. In turn, these affect the whole question of coal property evaluation and indeed, the likely success or failure of any coal mining venture. I make no apology therefore that this paper does not set out to discuss the more esoteric aspects of the evaluation process but rather, directs attention towards some of the informational inputs and assumptions which merit clarification and discussion.

Jan 1, 1975

IN comparing the living conditions of the worker or peasant of the past with those existing today, his-torians might point out many strange contrasts. From the Doomsday Book we learn that at the time of Wil-liam the Conqueror the 1,375,000 inhabitants of Eng-land and Wales owned less than 1000 horses and 5000 oxen. Even as recently as 1871 when England and Wales had a population of 31,845.000, the total number of horses in the country was estimated at 1,110,000. Compare the necessary drudgery of labor in those days with conditions in Canada today where a population of less than ten million people own 3,500,000 horses. Re-member that there is also a turbine installation in` this country of more than four million horse-power, besides steam boilers and locomotive and automobile engines which reduce the traction and hand labor of the farm and factory. Frequently, poetic license has glossed over the poverty and hardship of the common people in the "good old days," and the imagination has created an idyllic world, far from being justified by the condi-tions which actually prevailed. Simon Patten's de-scription of the Middle Ages as "A Thousand Years Without an Ice Box" came nearer portraying the true situation. No one is likely to forget that the discovery of America was an incident in Europe's attempt to find a short route to the Indies, but the fact is usually for-gotten that the summer diet in Europe in 1400-an ice-less age-was such that spices were more precious than gold. Though the glamor of the Indies may never sur-round the modern refrigerator, certainly the modern housewife is likely 'to feel that the applied art called "cookery? may attain to higher levels with the assist-ance-6f such an adjunct. Those who have spoken slightingly of the uniformity of the modern apartment and have eulogized some of the exceptional hand-made furniture which has been bequeathed by former generations, have failed to com-pare modern house furnishings with those in the typical peasant's hovel. Machine-made furniture, though with-out particularly good lines, contrasts quite favorably with the pile of rags in the corner, and the poorest gas or oil stove is better than an open fire on a dirt floor. The scientist's application of the theories of physics, chemistry, biology and mathematics .to practical prob-lems has brought about a series of kaleidoscopic trans-formations in agriculture, industry and commerce. Large scale production, improved means of communica-tion and the prevailing higher standard of living are terms which imply a very human meaning when in-terpreted as actual changes in individual living. Though the student and the teacher may deprecate the influence of commercialism upon science, humanity as a whole has received great benefits from the close relationship which has developed between science and industry, and industry in turn has done much for science through the building and endowment of laboratories and by supply-ing funds to maintain research workers.

Jan 11, 1927