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By Barnabas Bryan

During the boom period of 1928 and 1929, several oil companies took advantage of high security prices to sell stocks, thereby securing money for the company very cheaply. Few if any of those companies realized that the money received was not at all cheap in view of the fact that it was for investment in fixed assets at inflated prices. Suppose a company borrowed twenty millions of dollars to expand its marketing facilities during the boom. It diluted its capital and acquired fixed property which could not earn its interest requirements during the following deflation and therefore consumed income from other company activities. The company also had to stand the deflation in the capital value of all the property it bought. Since the mistaken expansion during the boom accelerated the decline in net income during deflation, the financial position of the company was harmed in proportion to the amount of that expansion. Thus the company was unable to get money to buy fixed assets in the depression when all property is cheap. The same condition holds for the company that sold common stock for the purpose of developing potential production in a newly discovered oil field. Regardless of what the ultimate value of the new field may be, potential production does not increase the net income of the company. The difficulty of meeting the enlarged dividend requirements due to the increased number of shares outstanding impairs the financial position of the company during deflation in some relation to the probability of decreased dividends. This company also is not in a position to expand during the depression when properties and companies can be bought for a fraction of their real value. Expansion of fixed assets during boom times has been the ruin of many otherwise good companies. Some of those which most extensively bought property during the post-war boom have not yet recovered. A number of cases could be cited in sugar, leather, fertilizer and wool. This does not seem to be governed by the quality of the property bought, for examination shows the assets to have been of individual high quality in many cases. When recovery is long deferred it is likely to be true, as in sugar or textiles, that the industry has a large "potential" capacity for overproduction.

Jan 1, 1931

By C. E. Henning

The total number of petroleum refineries in the United States on January 1, 1958, was 318 and their total crude-oil throughput capacity was 9,407,707 barrels per day, according to the Bureau of Mines annual survey. During 1957, 3 new refineries began operating while 4 refineries were retired. Although there was 1 less refinery, the total crude-oil throughput capacity at the beginning of 1958 was 284,033 barrels per day, or 3 percent, more than the January 1, 1957, level. During 1957 all refinery districts showed increases in capacity. The largest increase, 27 percent, occurred in the West Coast district followed by the Indiana-Illinois-Kentucky district with 14-percent increase and the Texas Gulf Coast district with 13-percent increase. The national increase in capacity had the effect of raising the capacity of the average refinery from 28,601 to 29,584 barrels per day. New crude-oil capacity under construction on January 1, 1958, totaled 185,265 barrels, and an additional 297,885 barrels capacity was reported building as replacement for existing facilities. Included in total new construction were 2 new refineries, 1 in Washington and another in Texas, with planned processing capacities of 45,000 barrels and 8,550 barrels per day, respectively.

Jan 1, 1958

By M. D. Flavel

Testing methods are described to help in decisions of selecting the most viable comminution circuits. The authors present a comparison evaluation based on numerous studies to help make initial choices for feasibility evaluations. An update summary of completed Bond grindability and Abrasion Index testwork at Allis-Chalmers Process Research Test Center for all materials is included. "What is the best circuit to comminute primary crusher product to make beneficiation feed?" This frequently asked question has the implication that there is one circuit which is universally the right circuit. The answer has been sought ever since it has been necessary to break rock to liberate entrapped mineral values. With every new contribution to the art and the science of comminution, the scope of the discussions broaden. It is not even possible to define what the abstract term best means.

Jan 1, 1981

By Steve Kral

The former mayor of Los Angeles, CA is a believer in public transportation but thinks neither his city nor the entire country is spending enough on basic infrastructure. In fact, the United States has fallen behind most other developed nations in improving public transportation, the former mayor said. Antonio R. Villaraigosa was the keynote speaker at the North American Tunneling (NAT) conference, held June 22-25 in Los Angeles, CA. The event, held every two years, is sponsored by the Underground Construction Association of SME (UCA). This years? conference attracted 1,091 underground construction professionals from around the world. The accompanying exhibition continues to grow, attracting 142 exhibiting companies occupying 162 booths. As always at NAT, registered attendees received the proceedings volume of the conference, which contains 132 papers. The proceedings volume, including a CD of the papers, is available from SME for $149 member, $139 student member and $189 nonmember. The book can be ordered from SME, NAT item #400-4, phone 303-948-4225, 1-800-763-3132, or online at www.smenet.org/store.

Good morning ladies and gentlemen of the AIME. I was doubly pleased when Toby Yu asked me to present to you my thoughts on the past, the present, and the future of bulk transportation by barge. My first pleasure comes from sharing with you the subject that has been my career for many years. I love this industry in the same way Mark Twain loved our rivers. Somehow, I can find in all of the activities that make up this crazy barge business the same sort of excitement that he found in "steam boating." The second reason for my enthusiasm is that Toby carefully pointed out that the presentation had to be kept to a maximum of 15 minutes. I can promise you that I will hold to his maximum time limit.

Jan 1, 1982

By Jill Dill Pasteris

Several mineralogical prospecting techniques are used in diamond exploration. Most are concerned with identifying indicator minerals such as garnet and ilmenite, which are derived from mantle xenoliths hosted by kimberlites. The first goal of such prospecting is to locate kimberlite intrusions; the second goal is to identify the diamond-bearing kimberlites. Explorationists have worked much less on the indigenous kimberlite phases. The kimberlitic opaque oxides, ilmenite and particularly spinels, promise to be useful in discriminating between intrusion episodes in identified kimberlites, and perhaps in the evaluation and prediction of diamond grades. Several petrologists have showed that spinel compositions and zoning patterns are specific to certain intrusive facies in South African and Canadian kimberlites. Careful evaluation may indicate a correlation between spinel parameters and diamond content.

Jan 1, 1983

By T. P. Weldum, W. Conger

"These studies address the relationship between mill media sizing and its grinding efficiency. Starting with the results from a review of the literature, the issues of initial media sizing for a new ball milling circuit, and then optimal media sizing for an existing milling operation, were studied. The Functional Performance parameters “Mill Grinding Efficiency” and cumulative “Mill Grinding Rates” from both plant and test-scale equipment were used, and provide valuable new insight into this topic. A plant media sizing diagnostic tool is presented, as are newly developed testing equipment and evaluation methods, and recent case studies.REVIEW OF MEDIA SIZING LITERATURE For a plant metallurgist to answer the question “How can I maximize plant profit by manipulating this grinding circuit variable?” she must know what effect the variable has on grinding circuit efficiency. Despite the significant cost of grinding media and its potential effect on production capacity, the ‘best’ media sizing remains ill-defined for any given ball mill circuit in the industry today. The underlying reasons for this will be discussed. But the importance of this issue drove Metcom and its industrial partners to take on the challenge of how to engineer the ball charge for an existing grinding circuit. In the absence of any proven method, the first step was a review of the literature. Sponsored by Cleveland-Cliffs, Inc., a broad review of the literature was undertaken, producing “The Effect of Media Sizing on Ball Milling Efficiency” (McIvor, 1997). Among hundreds of publications that were reviewed that discuss the topics of media sizing or wear, forty-five were studied in detail. These were grouped into: plant experiences; laboratory and pilot plant investigations; media wear studies; population balance modeling studies; and general papers on ball milling which included the topic of media sizing. The reader is encouraged to refer to that review. The findings remain unchanged, although some relevant papers have been written since (e.g. Staples et al, 1997; Banasi et al, 1999; Orford et al, 2006; LaMarsh, 2015). The main findings of the review were as follows:"

Jan 1, 2018

By H. F. King

In 1982, the result of a 3-year study was published as "A Guide to the Understanding of Ore Reserve Estimation". The principal conclusions were that computation formed only part, and perhaps not the most important part, of an estimate and that the estimate should recognize that geological, mining engineering and metallurgical judgements formed an essential part of the eventual result. Subsequent expectation/realization studies of several mines have produced case histories which form the principal basis of the paper. These imply that geology is even a larger factor than thought earlier.

Jan 1, 1985

By Ludwig Schmidt

The policy of buying crude oil on a gravity basis , recently instituted by the major crude oil purchasing agencies in the Mid- Continent field , has caused a new and vital interest to be taken in the work of the U. S. Bureau of Mines for preventing evaporation of crude . From the early years of the industry oil men have recognized that the gravity of crude oil is usually an index of the gasoline content , but it has not been so generally known that the gravity of the crude oil decreases if evaporation is permitted . In 1919 the Bureau of Mines began a survey to determine the evaporation losses of crude petroleum in its various stages of handling from the well to the refinery , The results of this study are presented in Bulletin 200 ( Wiggins , J.H. , Evaporation losses of petroleum in the Mid- Continent Field , Bulletin 200 , U. s . Bureau of Mines , 1922. ) and Bulletin 225 ( Wiggins , J.H. , Methods of decreasing evaporation losses of petroleum , Bulletin 225 , U. S. Bureau of Mines , ( In press ) The findings of this survey were so startling that soon after the preliminary report had been published , several tank companies began manufacturing vapor- tight tanks for the purpose of reducing these important losses . Since that time the development of this type of apparatus has been so rapid that today , every oil trade journal carries numerous advertisements of vapor- tight tanks and equipment as well as technical articles dealing with various problems in connection with the elimination of evaporation losses , whereas three or four years ago the subject was scarcely even thought of. The present report has been prepared in response to numerous requests for information on the apparatus actually being used to prevent evaporation losses . At this time oil operators are also extremely interested in holding the lighter fractions in the crude oil in order to prevent a lowering in gravity . The practice of removing the vapors from crude- oil tanks by means of a slight vacuum and extracting the gasoline from them is not discussed here .

Feb 1, 1923

By C. L. Van Dover

Organisms living at hydrothermal vents are adapted to catastrophic disturbances in their environment caused by processes such as tectonic activity and mineralization that shift the locus of fluid flux and volcanic eruptions that pave over active systems and reset the hydrothermal cycle. The scientific community appreciates this risk of natural, local loss of species, genetic, and habitat diversity. The risks of more profound loss of diversity and ecosystem function and health as a consequence of additive commercial activities in hydrothermal systems are unknown, and are not the same across all deep-sea hydrothermal systems. Vent communities differ from one ocean basin to another, as do the geological settings and geochemical dynamics of vent systems. Communities on the East Pacific Rise represent one end-member in the catalog of hydrothermal vent communities. In these systems, the life cycle of a hydrothermal field is on approximately the same time scale as the lifespan of the species that live there. From studies of the 1991 and subsequent eruptions at 9N on the East Pacific Rise, we understand the rapidity with which new vents are colonized when nearby brood stocks are available to repopulate the system. Almost instantaneously, microbial biofilms and mats form, followed quickly by invasion of mobile opportunistic organisms (especially crabs, copepods). In a matter of a few months, a predictable succession of sessile organisms recruits, grows, and reproduces. Within two to three years, the system returns to levels of species diversity that begin to match those of the pre-eruption condition. Vents on the Mid-Atlantic Ridge (MAR) represent a different end-member, with catastrophic disturbance rare relative to the life span of the organisms that make up the bulk of the biomass. We have no experience with an eruptive event or other major transformation of venting activity on the MAR and thus have no knowledge or insight regarding the time it would take for the biological diversity to return to pre-cataclysmic levels.

Jan 1, 2008

By Jose Agapito

Roofbolts with expansion anchors have been used at White Pine for more than twelve years, but always with an understanding that their performance was not entirely satisfactory. Some bolts fell out, some were obviously loose, and, when roof failures did occur, very few bolts actually broke. Obviously, there was an anchorage problem. A program was started in May, 1967, to define the problem and to solve it. This paper describes briefly those parts of the program which led to the development of a roofbolt assembly which performs much better in the medium-hard rocks at White Pine. As a result of the changes, significant improvements were found in the torque:tension, tension loss, and pull tests.

Jan 1, 1970

By Vitor Fonseca de Barcelos, Jair Carlos Koppe

Our society is experiencing a digital revolution. Technology is demonstrating its significant potential for mining industry. In this paper are presented the measured and estimated impacts of applying new technologies on blasting operations in a copper mine.

Feb 1, 2020

By Jack Mantel

The goal of this 42-month contract was to increase safety in low-seam underground coal mines through development and in-mine evaluation of a temporary roof support system for roof drills and floor-riding operator compartments for a loader and shuttle car. The program was performed in three phases. During Phase I, state-of-the-art canopy technology was investigated, and preliminary design and mock-up evaluations were performed for temporary roof supports for single-and dual-boom bolters and for transverse-mounted floor-riding canopies for a shuttle car and coal loading machine. The shuttle car and loader canopies were approved for further development, and the design, fabrication, testing, and certification were completed in Phase II. In Phase III, the Bureau of Mines furnished an FMC 6L shuttle car fur use in the evaluation of the canopy for 45 shifts. The shuttle car canopy was evaluated at Virginia Crews Coal Company in West Virginia. Efforts to secure an evaluation site for the loader canopy were unsuccessful. The loader canopy was shipped to Bruceton for possible future evaluation.

Jan 1, 1985

By Karl J. C. Harries

"14.1. INTRODUCTION1The boilerplate of an agreement is not a single provision, but a series of provisions that are expected in “every agreement”. They are sometimes also referred to as the “lawyer’s provisions”. Many businessmen consider the boilerplate to be superfluous and, to some extent, window-dressing by the lawyers – even legalese. They will often offer advice to the effect that it can “pretty well be ignored”. Such advice could not be more wrong.Most boilerplate provisions are essential parts of every agreement. Some may be part of a “standard package” and may have little relevance to the agreement at hand, but these are the exception rather than the rule. The exceptions should not be treated as justification for giving all these provisions short shrift. The boilerplate should receive the same review, consideration, and negotiation as the provisions that set forth the business deal. It is often these provisions that make the deal work or that are turned to at the time of disputes. If they are inadequate, as they sometimes are (unfortunately, some draftsmen are also loath to review or update their standard boilerplate provisions or to tailor them to the deal at hand), they can create problems, rather than offer solutions. Such problems can be costly and time-consuming for the parties to address. Inadequate or incomplete provisions may ultimately be one of the reasons for the parties to turn to the courts to settle their differences. On the other hand, good boilerplate provisions can help keep them out of the courts.One of the principal objectives of an agreement should be to provide procedures, or mechanics, for implementing agreed principles and for the parties to follow to settle their differences, real or perceived, without going to the expense and disruption of a lawsuit. An agreement should aim to keep the parties away from the courts, not serve as a springboard to the courts. It must nevertheless be acknowledged that, if there is a major falling-out among the parties to an agreement, the chances are that, however carefully the provisions of that agreement have been negotiated and drafted, the parties will end up before the courts or some other adjudicating body."

Jan 1, 2003

By GUY C. RIDDELL, Donald M. Liddell

THE electronic arts today constitute the outstanding development in the field of rare metals, if not indeed in the arena of scientific progress at large. The year 1930 may become known as the year in which the electronic tube took hold of the wheels of industry; it is the year in which the tube's emancipation from the art of communication was proclaimed. The little tube which made a $500,000,000 industry out of a vacuum has now been applied to mining, manufacturing, transportation, chemistry, and other industries. Not many appreciate the extensive utility that e1ectroni.t tubes have already found in transportation, where they control the speed and security of express trains, as well as operate traffic lights on important highways-in the case of the Detroit-Windsor bridge counting the traffic and instantly turning the reports into the superintendent's office some distance away. In an Ohio steel mill, ten-ton ingnts 'rash back and forth through the rolls, reversed by their own shadows. The vacuum tube also starts, stops, and levels, fast passenger elevators.

Jan 1, 1931

By Martti E. Maliniemi

The Svappavaara mine is located 47 km southeast of Kiruna C. The ore deposit now being worked, Leveäniemi, belongs to Luossavaara- Kiirunavaara AB (LKAB) and is the company's, and also Sweden's, third biggest mine after Kiirunavaara and Malmberget. The distance by rail to the Norwegian port of Narvik is 214 km and to Lulei on the Gulf of Bothnia 340 km (Fig. 1). The village of Svappavaara has about 800 inhabitants. The climate is arctic in character. The temperature during the months of December to February is about -20º to -35ºC, and the ground is covered by a blanket of snow for about eight months of the year. The brief, intensive summer often arrives with startling speed, bringing both sunshine and warmth. HISTORICAL BACKGROUND Mining operations took place in Svappavaara as far back as 300 years ago. During the period 1655-1684, copper ore was taken from the deposit called Gruvberget in the vicinity of the village. The total production of raw copper was probably about 1,045 tons. During the 18th and 19th centuries, several attempts were made to extract iron ore from the numerous deposits found within the district. These brave attempts, however, were foiled by the high phosphorus contents and the enormous transport difficulties. The present-day mine fields in Leveäniemi were discovered in 1897. At that time, it was difficult to determine the size and value of the deposit because of the thickness of the soil cover (3 to 15 m) and the

Jan 1, 1969

By Liane L. M. Kadnuck

This report summarizes the results of a hydrologic research study conducted by the U.S. Bureau of Mines (USBM) in cooperation with Energy West Mining Co. at the Deer Creek and Cottonwood Mines, near Orangeville, UT. The USBM evaluated hydrologic and overburden failure data to assess the response of local ground water to underground coal mining in single-and multiple-seam conditions. Fourteen springs located over the two mines were investigated in the study along with overburden failure response caused by longwall panel extraction. Spring discharge was compared to climatic variation and time of undermining to quantify response to undermining. Spring discharge had been reduced owing to below-normal precipitation during the period evaluated. The response of springs to mining in the vicinity was influenced in part by the thick overburden present at the study site the presence of hydrophilic clays and mudstones in the overburden stratigraphy, and elevation of the springs above mine level, which buffered the effects of undermining.

Jan 1, 1994

By Norman L. Kotraba

In Electric Arc Furnace (EAF) steelmaking, dust emissions are collected in a baghouse to prevent their escape to the Environment. This fine dust, predominantly iron oxide, also contains oxides of various other metals introduced into the EAF from the scrap charge. For example, mixed or galvanized scrap brings with it zinc, lead, and small quantities of cadmium which preferentially accumulate in the collected off-gas dust. Stainless steel scrap brings chromium into the charge, some of which also makes its way into the baghouse dust as hexavalent chromium-containing oxides. Because many of the contained heavy metal oxides are water-leachable, the U. S. Environmental Protection Agency has listed EAF dust as a hazardous waste which, as of August 8, 1988, cannot be 1andfi11ed without first being treated. Moreover, beginning August 8, 1991, all dusts with zinc concentrations of 15% or greater will be required to undergo high temperature thermal treatment to remove the heavy metals prior to any further disposal. This deadline represents several EPA-granted time extensions to the original requirements; extensions which were granted to allow for further development of process technologies.

Jan 1, 1991

By M Erskine, R Mills

This paper approaches tailings dam risk management from the perspective of how other high hazard industries approach the management of their catastrophic event risks, with the aim to provide recommendations from these learnings for the industry to adopt.

Jul 1, 2021

By J. Defreyne

CESL has developed a proprietary hydrometallurgical process for base metal concentrates, notably those of copper and nickel. The process is based on pressure oxidation (PO) of the sulphide minerals, which is done at elevated temperatures in mixed sulphate-chloride liquor at about pH 2 ? 3. The process achieves maximum oxidation of the metals whilst minimizing sulphur oxidation to sulphate. Almost all base metal sulphide minerals are efficiently treated under these conditions. In the case of copper minerals, pressure oxidation does not generally put the copper into solution, because of the relatively high pH prevailing in this process. Therefore, PO is followed by an acidic leaching stage, which specifically aims at maximum copper dissolution with minimal leaching of iron. The overall copper recovery is largely determined by the efficiency of this stage. The process has low capital and operating costs, partly because there is minimal use of acid or neutralizing agents for iron dissolution or precipitation, respectively; this is achieved by minimizing iron leaching during both the oxidation and leaching stages. Iron sulphides in the feed concentrate deport almost entirely to the solid leach residue as hematite, which has superior handling characteristics for filtering and washing. Iron minerals play a key role in the process, with pyrrhotite and pyrite having very different responses to the oxidation process. Acid management for the whole process is affected by the iron mineralogy, and the flowsheet is therefore tuned to the specific concentrate.

Jan 1, 2006