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In the United States water pollution resulting from mining activities has long been recognized as a major environmental problem Mine drainage pollution results from many types of mining activities and includes both physical (i e , sedimentation) and chemical (i e , acidification, metal contamination, etc ) pollutants Active and abandoned surface and underground mines, mineral processing plants, mine and processing plant waste disposal areas, haulage roads, and tailing ponds are typical sources of mine related water pollution (130) One of the most serious pollution problems arising from mining activities is acid mine drainage resulting from the chemical reaction of sulfide minerals (commonly iron sulfides) and air in the presence of water Acid mine drainage is commonly associated with coal and hard rock mining areas in the United States In general the more serious and extensive acid mine drainage problems exist in the more humid coal regions east of the Mississippi River (11) In 1964 the U S Department of the Interior, Fish and Wildlife Service, reported that acid mine drainage adversely affected fish and wildlife habitat in 9,477 kilometers (5,890 miles) of streams and 6,062 hectares (14,967 acres) of impoundments in 20 states in the United States (64) Of the total affected waters, coal mining operations accounted for 97 percent of the acid mine drainage pollution reported for streams and 93 percent of that reported for impoundments In 1970 more than 19,308 kilometers (12,000 miles) of streams in the United States were reportedly significantly degraded by mining related pollution (130) Of the total affected kilometers, 16,920 kilometers (10,516 miles) or approximately 88 percent were located in the Appalachian coal region (Pennsylvania, West Virginia, Ohio, eastern Kentucky, Tennessee, Maryland, and Alabama) In addition, more than 965 kilometers (600 miles) of streams reportedly were degraded by coal mining in states in the Illinois, Western Interior, and Rocky Mountain coal regions The remaining portion of the stream pollution resulted from the mining of (1) copper (california, Montana, Nevada, New Hampshire, Tennessee, Virginia, and Wyoming), (2) lead and zinc (Colorado, Idaho, Kansas, Missouri, Montana, Oklahoma, and Tennessee), (3) uranium (Rocky Mountain States), (4) iron (Lake Superior iron region), (5) sand and gravel (all states), (6) phosphate (Florida and other states), (7) gold (Alaska), (8) bauxite and barite (Arkansas), and (9) molybdenum, gold, and other metals (Colorado) Abandoned mines and abandoned mine waste disposal areas contribute a large portion of the total pollution resulting from mining activities Numerous abandoned underground mines are located throughout the United States and many are discharging mine drainage pollutants In 1966 the U S Bureau of Mines estimated that more than 88,000 inactive and abandoned underground mines were in existance (126) A listing of these mines by state is presented in Table 1 0-1 More recent estimates indicate that this list is incomplete In Colorado alone there is

Jan 1, 1975

By L A. Martinez Tipe, J McKibben, S Barry

"Metal prices are central to a mineral investment decision and have a profound impact on the financial performance of companies in the mining industry. At its most basic level, metal prices are influenced by the disequilibrium between international metal volume supply and demand. That is, the commodity price is a regulator that equates international metal supply and demand where inventories act as a buffer between the emergence of this disequilibrium and its dissolution through a price change.From this viewpoint, mining companies are required to forecast metal and bulk commodity prices when evaluating minerals projects through discounted cash flow (DCF) analysis. While supply-demand models are instructive, many companies use historical prices, spot prices, futures/forward pricing and consensus opinion (or a combination of all of these) to develop price forecasts.This paper discusses the definition, fundamentals and differences between futures/forward and consensus pricing and the appropriateness of each in a DCF model for mine project economic evaluation.Our results demonstrate that great care is required when using either futures/forward or consensus pricing and that the decision to use one rather than the other requires consideration of other important elements in the DCF model (ie the risk-adjusted discount rate).CITATION:Martinez Tipe, L A, McKibben, J and Barry, S, 2016. Metal prices and the differences between forward and consensus pricing – which one is better for use in a discounted cash flow model?, in Proceedings Project Evaluation 2016, pp 149–158 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 8, 2016

By Michael D. Dunn

The Bureau of Mines evaluated a quartz schist formation within the Blue Joint Wilderness Study Area which was identified as having a "high potential" for copper-silver-cobalt-barium resources. Stratiform and remobilized copper occurs near, and bedded barite within, the study area. In addition, the black to gray Proterozoic quartz schist may correlate with the Yellowjacket Formation which contains cobalt-copper-gold-silver deposits at Blackbird, ID, about 30 miles to the south. Eighty soil and 43 rock samples collected across the quartz schist formation were analyzed for gold, silver, copper, cobalt, and barium. During the reconnaissance and sampling, particular attention was given to looking for malachite (copper carbonate) and erythrite (cobalt arsenate, also known as "cobalt bloom"). The sample analyses and geology in this localized area do not provide enough evidence to support the "high potential" designation for copper-silver-cobalt resources. Barium potential still appears high, however.

Jan 1, 1987

By F. C. Appleyard

A couple of miles southwest of the town of Saltville in the western tip of Virginia is a little village called Plasterco. Gypsum has been produced in this area since about the year 1815, being originally found as small outcrops at the surface. Production in the early days was very small, and the use of the mineral was limited to that of "land plaster" or ground gypsum which was spread on the land to sweeten the soil. In the late 1800's, a small calcining plant was constructed and the production of gypsum plaster began. About this same time, the surface rock was depleted and it became necessary to begin underground mining operations in order to maintain a continuous supply of raw material. The United States Gypsum Company became interested in this property in 1909, and has operated there ever since, having enlarged the calcining mill and built a plant for the manufacture of gypsum wall-board in the middle 1920's. Production of gypsum continues from underground' mining operations, and the present mine at Plasterco is now about 1,000 feet below the surface, making it the deepest gypsum mine' in the world.

Jan 1, 1965

"Mining used to be a business primarily focused on the technical aspects of getting valuable ore out of the ground and extracting the minerals efficiently. Without denying the importance of these skills, a narrow focus on technical issues is no longer enough to guarantee success when it comes to exploiting rare earth element (REE) deposits. Molycorp failed to enter the global REE market in a successful manner, while none of the many REE exploration projects has turned into an active mine so far and none is expected to commence operations in the near future. Accordingly, the world of REE is far more complex compared to other commodities. This paper looks into the REE industry to identify the factors that can connect potential U.S. REE mines to the market. The ability to break free from past thinking and become future-focused is a key driver. Mining of REE is pointless without a corresponding value-adding chain, while developing a value chain without first establishing an uninterruptible source of REE is also senseless. The mining sector must be based on the REE value chain and vice versa, along with the establishment of a market channel for the REE products that come out of the mine. INTRODUCTION It has been seven years since rare earth elements became the subjects of front-page headlines. It was when the controversial Chinese export policy for these critical commodities was epitomised in a maritime border dispute with Japan in September 2010 that resulted in the big REE crisis and price spike of 2011 (Barakos et al, 2016c; Mancheri, 2015). The world was dismayed, especially in REE-importing countries, such as the United States that was and is still totally dependent on Chinese production and exports (Barakos et al, 2016c; Kennedy, 2015). The short-lived alarm initiated a treasure hunt by way of exploration for REE deposits all over the world. The continuously growing demand on the one hand and the Chinese sovereignty of the REE-market on the other, led the rest of the world to explore their own REE resources. In just a few years, more than 400 projects were initiated to explore REE deposits outside of China (ERECON, 2015; Goodenough, 2016). The prices of REE, however, dropped rapidly and at the moment of writing this paper are in 6-year lows, at the level of the price average before the 2011 crisis (Barakos, 2017). The viability of even major established producers is being challenged, not to mention the development prospects of potential REE-market entrants (Barakos et al, 2016b; Rollat et al, 2016). Production cutbacks and industry consolidation in China impel REE market experts to forecast that prices have already reached their lowest point and have nowhere to go but up (Adamas, 2015; Roskill 2015). Yet, expectations for increased REE prices are limited and drastic changes are unlikely to happen in the near future, as there is still excess supply in the overall REE market (Barakos, 2017). Nevertheless, the low prices of rare earths are not the only reason that potential producers are struggling to enter the global REE market. Among other parameters, the separation of the individual elements seems to be the most important factor, as it is technically challenging and expensive to build and to operate."

Jan 1, 2018

By D. Harrington

More or less unconsciously and from sheer force of habit human beings do many things they probably would not do if the possible consequences of their acts were fully recognized and appreciated. Such carelessness ordinarily could be condoned if human life were not at stake, but it is difficult to understand why intelligent men engaged in the hazardous occupation of mining indulge with the utmost indifference in some habit or continue some custom in violation of State leas and company regulations and under circumstances that may jeopardize not only their own lives but those of scores, even of hundreds, of their fellow workers as well. The old adage that stolen sweets are the best may or nay not have some foundation, but when applied to the practice of smoking surreptitiously in a coal mine, more especially a gassy mine, it is without even remote justification. Although a relatively harmless habit in the proper environment, smoking has been the cause or suspected cause of many gas explosions and black-powder ignitions and has resulted in numerous instances of bodily injury, loss of life, and destruction of property. Likewise, many fires in both coal and metal nines, causing loss of life, have been started by smoking.

Jan 1, 1941

By T. C. -M. Cheng

Iron removal and disposal in zinc plants has imposed a major environmental challenge to the industry. Among the existing options of precipitating iron as jarosite, goethite, and hematite, the Hematite Process seems to be the best candidate for the future development of a waste-free technology, because of its potential of producing saleable iron oxide residues for feed in iron-steel making industry. Unfortunately, under the current practice of the Hematite Process, it is not possible to produce iron residues clean enough to meet the specifications of the said industry. In this paper, the practice of industrial hematite precipitation and the relevant technical literature are reviewed with the objective to identify the critical processing parameters which are responsible for the contamination of hematite, particularly with sulfur and zinc. The analysis is conducted from a crystallization theory standpoint with emphasis given to the role of supersaturation with respect to the cleanliness of hematite precipitates.

Jan 1, 1997

By J. L. Stauffer, L. J. Gaydos, L. M. Demers, D. C. Kuhn

"Eicosanoids and cytokines produced by alveolar macrophages (AM) are key mediators of pulmonary inflammation and fibrosis. In order to determine if eicosanoid production and cytokine production are altered in AM obtained from coal miners, we compared production of prostaglandin E2 (PCE2), thromboxane A2 (TXA2), leukotriene B4 (LTB4), interleukin-1 beta (IL-1B ), and tumor necrosis factor alpha (TNfa.) by cultured AM from normal human subjects and coal miners. The recovery of AM from miners' lungs by bronchoalveolar lavage was significantly greater than that from control subjects. Mean eicosanoid and cytokine production by AM from active miners was also increased compared to AM from control subjects, but this increase was not statistically significant. AM from control subjects produced significantly more TXA2 and TNFa. when exposed to lipopolysaccharide than did AM from miners. The cyclooxygenase inhibitor suprofen reduced PGE1 and TXA1 production and TNF0t. release but had no effect on LTB4 production or IL-1B release by miners' AM. The lipoxygenase inhibitor nordihydroguaiaretic acid attenuated TNFa release, as well as that of LTB4, but had no effect on IL-1B release. Inhibition of thromboxane synthase by UK 38,485 also reduced TNFa release by active miners ' AM but had no effect on PGE1, LTB, production, or IL-1 f3 release. The results of these studies suggest that occupational inhalation of coal dust may increase total lung eicosanoid and cytokine levels and reduce the reactivity of AM to bacterial endotoxin. Furthermore, coal dust-induced changes in both eicosanoid and cytokine release may be subject to pharmacological modulation.The alveolar macrophage (AM) is a primary defensive cell in the lung and is one of the first cell types to encounter inhaled mineral dust. The response of the AM to invading foreign material is designed to enhance the defensive capacity of the lung. However, in the case of occupational inhalation of mineral dust particles, this response may be inappropriate, resulting not in the defense of the lung but in chronic inflammation and fibrosis (Rom et al., 1987; Takemura et al., 1989). The reaction of the AM to chronic mineral dust exposure may involve the exaggerated release of paracrine mediators of lung function, including eicosanoids (oxygenated derivatives of arachidonic acid) and peptides, including cytokines and growth factors (Sibille & Reynolds, 1990). Eicosanoids are involved in bronchial and vascular smooth muscle reactivity, vascular permeability, fibroblast growth, and the recruitment of additional immune cells to the alveolar space (Barnard et al., 1992; Elias et al., 1985; Scott et al., 1982). AM-derived cytokines such as interleukin-1 beta (IL-1 B) and tumor necrosis factor alpha (TN Fa) have a variety of biological activities including the regulation of fibroblast growth and proliferation (Becker et al., 1989; Libby et al., 1989; Schmidt et al., 1984). Interestingly, in vitro studies with macrophages suggest that the production of cytokines may be linked to eicosanoid production, in particular that prostaglandin E2 (PGE2) may down-regulate IL-1 f3 and TN Foe production by the AM (Bonta et al., 1989; Kunkel et al., 1986; Monick et al., 1987)."

Dec 1, 1996

By G Harbort, V Lawson

Mount Isa Mines Limited operates one of the worldÆs largest underground mines in North West Queensland. ItÆs mining and smelting complex produces copper anode, crude lead bullion (containing silver), and zinc concentrate. Copper is recovered in the Copper Concentrator from chalcopyrite ore, converter smelter slag and rotary holding furnace (RHF) slag via grinding and flotation operations. During 2002 a project to optimise cleaner circuit capacity was commenced. Its aims were to minimise copper losses and minimise slag/chalcopyrite cross contamination by reconfiguring existing flotation equipment and the addition of new flotation capacity. To minimise cross contamination a Jameson Cell was installed and dedicated to cleaning of slag concentrates, which had formerly been conducted by three flotation columns operating in series. The flotation columns were re-configured to operate in parallel and dedicated to upgrading chalcopyrite concentrate. In addition a Jameson Cell was installed to reject entrained copper from a prefloat concentrate consisting of talc and carbonaceous pyrite. This paper discusses the logic behind the cleaner circuit expansion, recent test work relating to the Jameson Cell and the installation and commissioning phases. Difficulties relating to the commissioning are reviewed and the solutions to problems are highlighted. The benefits the reconfigured circuit has provided to Mount Isa Mines are also discussed.

Jan 1, 2003

By X. Shi, K. S. Kaspnak

"The generation of free radicals from reactions of nickel (Il)-thiol complexes with molecular oxygen and model lipid hydroperoxides was investigated by electron spin resonance (ESR) utilizing 5,5-dimethyl-1-pyrroline-N-oxide (DMPO) as a spin trap. Incubation of nickel (II) [Ni(II)) with cysteine in an aerobic environment generated hydroxyl (·OH) radical, which then reacted with cysteine to generate a carbon-centered alkyl ( · R) radical. Radical generation was inhibited under a nitrogen atmosphere. Model lipid hydroperoxides, cumene hydroperoxide, and I-butyl hydroperoxide enhanced the yield of these radicals and also generated an alkoxyl (·OR) radical. Radical yield decreased by approximately half under a nitrogen atmosphere. Although histidine did not cause radical formation in the reaction between Ni(II) and cumene hydroperoxide under aerobic conditions, the addition of histidine to a mixture containing Ni(ll), cysteine, and cumene hydroperoxide under the same experimental conditions increased the yield of · R radical but lowered the yield of ·OR and ·OH radical adducts. It thus appears that histidine caused the ·OH attack to be more site-specific. Similar results were obtained utilizing 1-butyl hydroperoxide. Penicillamine or N-acetylcysteine yielded similar results except that under aerobic conditions, reaction between Ni(ll) and N-acetylcysteine without hydroperoxide did not generate a significant concentration of free radicals. Under the same experimental conditions, cystine did not generate any detectable free radicals, suggesting an important role of the -SH group in Ni(II)-mediated free radical generation. The results indicate that free radical generation from the reaction of Ni(Il)-thiol complexes and molecular oxygen, and/or lipid hydroperoxides, may play an important role in the mechanism(s) of Ni(II) toxicity and carcinogenesis. INTRODUCTIONWhile nickel is a well-recognized carcinogen [l, 2]. the underlying biochemical mechanisms remain unclear (3, 4). Recent studies suggest that these mechanisms may involve oxidative DNA damage through free radicals, especially the hydroxyl (•OH) radical [5-13]. The mechanisms of nickel carcinogenicity and toxicity may also involve lipid peroxidation [14-21]. Unlike ferrous ion [Fe(II)], the Ni(II) cation itself does not directly react with 02, H2O2, or lipid hydroperoxides to generate free radicals [12, 21]. However, it has been reported that Ni(II) complexes with certain synthetic oligopeptides, e.g., tetraglycine or glycylglycylhistidine, make Ni(II) reactive with 02. This reaction results in transitory formation of Ni(III) and degradation of the organic ligand via free radical reactions [22]. Such Ni(II)-peptide complexes are also capable of reacting with H2O2 to produce oxygen free radicals [11, 12]. Although the cellular environ¬ment may not contain these particular peptide ligands that are known to render Ni(II) redox active in vitro, it does contain a variety of oligopeptides that are capable of forming Ni(II) complexes at physiological pH, and thus may facilitate Ni(II) redox activity in vivo. These oligopeptides include glutathione (y-L glutamylycysteinylglycine), carnosine (homocarnosine (y aminobutyryl-L-histidine), and anserine ( B-alany1-3-methyl-L-histidine)."

Nov 1, 1995

By D. J. Robertson

"THE copper smelting operation of the Hudson Bay Mining and Smelting Company, Limited, at Flin Flon, Manitoba, generates a gas flow of 350,000 c.f.m. at n.t.p. This gas stream passes to atmosphere through a 20-foot diameter by 250-foot brick stack, carrying with it an appreciable dust burden in the form of metallic oxide fumes. The flow constituents during the period 1952 and 1953 and •before gas filtration was included in the treatment scheme are shown in Table I. This paper describes the gas filtration treatment which was installed in 1957, using glass cloth media to recover this dust burden, and discusses the associated problem as its treatment for recovery of zinc and cadmium.The metallurgical details associated with the problem are illustrated by a description of the material flow sequence of the Company's hydrometallurgical zinc plant and copper smelter. In this ore processing complex, the zinc plant and copper smelter form an integrated unit within which intermediate zincrich products of each operation enter the treatment circuit of the other."

Jan 1, 1960

By J. Baz-Dresch

A custom-designed shotcrete system, consisting of an 8-m3 (10-cu-yd) transit mixer and a shotcrete spray boon carrier, is used by a two-man crew to transport and place up to 25 m3 (32 cu-yd) of steel fiber reinforced, dry, silica fume shotcrete per 11-hour shift. Shotcrete is custom blended by a local supplier and delivered predampened. Mix design and quality control are performed with a computer program that develops and graphs a properly balanced mix based upon the materials sieve analyses.

Jan 1, 1992

By Robert M. Becker

The evaluation of existing rock stresses from measurements of the change in diameter of a borehole that is stress relieved by overcoring has become a common practice, The stress evaluation has been generally based ,on isotropic relations whereas rock in varying degrees is anisotropic. A plane elasticity solution for a circular hole along one axis of an orthotropic medium is adapted for evaluation of in situ stress from borehole deformation measurements. A consistent triaxial testing approach for determining elastic properties of the overcore is also outlined. Comparison of isotropic with anisotropic interpretations of the state of stress show that large errors in evaluation may occur if the anisotropic character of the rock is neglected.

Jan 1, 1967

By E. C. I. Hammerbeck

"Geological controls and constraints in space and time define the milieu of the nickel deposits of Southern Africa. Primary, magmatic deposits are of two types, e.g. synvolcanic or syntectonic deposits confined to certain orogenic domains, and those related to intracratonic, post-orogenic magmatism, e.g. the Great Dyke, the Bushveld Complex and the Insizwa intrusion. Epigenetic and supergene deposits form a separate, unrelated group and are of minor economic importance.The metallogenic evolution of syntectonic nickel deposits is particularly well illustrated in the Zimbabwean Province, where the relationships between Archaean greenstone development and nickel mineralization are best illustrated. Volumetrically subordinate, nickel-poor greenstones in the 3500 m.y. old Sebakwian Group are followed by more common komatiite development in the Lower Greenstones (3000 m.y.), and, finally, by very significant komatiites with important nickel mineralization in the 2700 m.y. old Upper Greenstones of the Bulawayan Group. Comparable nickel mineralization is not known in the Raapvaal Province, in spite of ubiquitous komatiitic magmatism of the Onverwacht Group (3500 m.y.) and other greenstone sequences. No komatiitic rocks younger than about 3200 m.y. are known in this region, orogenic activity in the Kaapvaal tectonic province having ceased at about 3100 m.y., whereas the Zimbabwe Province remained tectonically active until at least 2600 m.y.The tectonic environment, host-rock petrology and mode of emplacement, as well as some details of the nickel mineralization, are the parameters employed to classify the Southern African magmatic nickel deposits. A rating of the deposits is introduced that reflects the original resources of the deposit, its average nickel content, its mining history and potential to facilitate ready comparison with and assessment of the nickel deposits listed in the classification, as well as some important nickel deposits worldwide."

Jan 1, 1984

By George T. Faust, S. R. B. Cooke

"The Southern Experiment Station of the Bureau of Mines, United States Department of the Interior, in cooperation with the University of Alabama, is investigating the preparation of pulverized coal for fuel. In this study the relative amount of surface in various products and samples had to be assessed. Because of the familiarity with screens and because of the simplicity of using the inverse ratio of the opening for ascertaining the amount of relative surface in the respective sizes, screens down to and including 270-mesh were used. This choice was made in full cognizance of the irregularity of screens, but it seemed that if the same screens were used throughout all the tests the relative values would be satisfactory.In dealing with the subsieve sizes, pneumatic elutriation was used to make several fractions to extend the sizing analysis into the range of hypothetical screens. This kind of a sizing analysis was thought necessary because it is familiar to all operators, and, furthermore, it is amenable to several ways of plotting curves that bring out the characteristics of various coals and various methods of grinding.The method of obtaining the data from which to set up the hypothetical screen scale is the subject of this paper. It consists in determining the average projected area of the particles in the respective elutriated products. By extending the ""area method"" to sieve sizes, a factor is found that may be applied to the subsieve sizes, and thus the scale is projected in a regular manner. This method avoids contentions about specific surface and steers clear of ""average diameter"" except as material sized on screens may be said to have an average diameter."

Aug 1, 1939

By H. Dreissen

Upgrading of low-concentration ores is of growing importance today. The Heavy Medium Cyclone Process, thanks to strong centrifugal forces, effectively separates particles varying only slightly in specific gravity but widely in size. The paper discusses the separation efficiency, the method of assessing that efficiency, and the influence of such factors as medium solids. The operating results of nine heavy medium cyclone plants handling following minerals are reported: barite, wolfram, iron, magnesite, diamond, lead-zinc, fluorspar, rocksalt potash. Highlighted are an improved recovery system for heavy medium and some other developments, such as techniques for separation down to 0.1mm and the application in the field of recycling.

Jan 1, 1980

By William P. Shinn

Jan 1, 1880

By Floyd G. Anderson

The Federal Bureau of Mines promotes the use of safe and effective dust-collecting devices for rock drilling in coal mines. To insure that such devices are available to the coal-mining industry, the Bureau issues certificates of performance for dust-collecting systems and certificates of approval for dust collectors and rock drills or other mining equipment with integral dust-collecting systems that meet the requirements of an established Schedule.4/ Investigations are conducted under the provisions of the current revision of this Schedule by engineers of the Branch of Health Research. This circular describes briefly the requirements and procedure for obtaining certificates of performance or approval and lists equipment that has been certified as permissible under Schedule 25 or its revisions as of January 31, 1961. The names and addresses of companies to which certificates have been issued are listed alphabetically at the end of this circular.

Jan 1, 1961

By Jaime Tumialán de la Cruz

El presente texto busca describir las experiencias adquiridas en la mina de Cerro de Pasco a través del uso del "scooptram" eléctrico "LHD" de 2.2 yds. cú., marca "Jarvis Clark, a fin de mostrar su aplicación en otras minas cuyos problemas y características se asemejan a Cerro de Pasco. Los objetivos del empleo de este equipo son: aumentar la productividad en las áreas minadas por el método corte relleno descendente-mecanizado, mecanizar parte de la mina con equipos "LHD", pese a los problemas de ventilación, las temperaturas altas y reemplazar estos mismos equipos por aire acondicionado. En este sentido, se logró demostrar la eficacia del equipo eléctrico, especialmente en el uso de minas antiguas y de mayor profundidad, así como se mejoró las condiciones ambientales de trabajo y el costo de mantenimiento de los equipos eléctricos resultó más económico que las de diesels.

Nov 20, 1978

By W. G. Deeks

CANADIANS are world leaders in marketing metal and mineral products. Noranda Sales Corporation Ltd. is an international metal and mineral product marketing company operating from Toronto and London, England, where it operates a wholly owned sales subsidiary and is a 50% partner in Rudolf Wolff and Company Ltd., a charter member and the largest metal broker on the London Metal Exchange. Noranda Sales employs 97 people, of whom 52 are university trained and professionally competent in international resource product marketing. We market for 19 companies or divisions in the Noranda Group and 39 companies for whom we act as agent, consultant and purchaser of resource production. Our business in 1976 was 1.5 billion dollars carried out in 45 countries and covering 24 products and materials. Today, ownership of most of the mining industry in Canada has transferred back to Canadians, and this is said with the knowledge that a significant part of the Canadian industry has been Canadian owned and managed from its very early days. Noranda Mines Limited is such an example. It was born in 1922 as the result of a copper-gold showing at Noranda, Quebec, discovered by Ed Horne, a prospector, financed with a grubstake by a syndicate mainly composed of New York businessmen. Shortly after the discovery, when the shares of the company had risen, the syndicate was sold to Canadian interests and, since that time, Noranda has been dominantly Canadian owned and certainly Canadian managed. Today, over 90% of Noranda's shareholders are Canadian, who hold an equivalent percentage of the stock.

Jan 1, 1977