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By Jan Wolf

The iron ore industry presently utilizes two types of de-posits. The first are the high grade deposits generally located in remote areas and, secondly, the low grade de-posits which are normally found nearer to the steel-making centers. The high grade deposits produce a direct shipping ore which has an iron content which may be close to the maxi-mum 70% of Fe. These deposits have reserves which are ex-pressed in billions of tons. The ore needs little or no up-grading and where this is performed is restricted to ore washing. With the large demand for iron ore pellets, plus a national drive to perform as much of the upgrading as possible in the native country, there is a trend to erecting pellet plants at the mine location~ Large iron ore suppliers such as Australia, Brazil, Venezuela and Liberia already have pellet plants in operation, and there are new plants projected or expansion projects under study. The low grade ores are mined at locations closer to steel mills such as in Minnesota, Michigan and Canada. These low grade ores require methods of beneficiation to obtain a commercially accept-able product with the modern beneficiation techniques it is no~, possible to produce iron ore pellets of 68% Fe and 4.5% silica from ores containing as low as 26% Fe. Figure 1 gives a general picture of the types of iron ores and their beneficiation. The final product of the high grade ore is a coarse concentrate, sinter product or pellets. The final product of the low grade ores is pellets and, in some cases, coarse concentrates.

Jan 1, 1971

By William Gleason

"Government support for Canada’s mineral industry was on full display during the Prospectors & Developers Association of Canada (PDAC) conference in Toronto, ON, Canada on March 3-6. First, there was the announcement of the five-year extension of Canada’s Mineral Exploration Tax Credit (METC), the first multi-year extension of the METC since its inception in 2000. Canada’s Minister of Natural Resources, Amarjeet Sohi, added to that support when he spoke at the opening keynote session and announced the Canadian Minerals and Metals Plan (CMMP), a plan that aims to map out the future of the industry in Canada. Finally, the support for the mining industry was buttoned up with a visit to the conference by Canadian Prime Minister Justin Trudeau.More than 25,000 people from 135 countries attended the annual conference that features a robust trade floor, technical sessions and an investors’ exchange that aims to put mining companies in touch with potential investors. Mining companies and ambassadors from nations around the world are given the opportunity to present to small audiences throughout the conference and this year PDAC was able to sway the Prime Minister to speak on its behalf.Trudeau sat down with PDAC President Glenn Mullan on March 5 to talk about the METC extension and a host of other issues important to the Canadian and global mining industry, giving the home country a bit of a profile advantage when it came to making a pitch to investors.Trudeau entered the week of the conference in the midst of the most serious political scandal of his career and was defending himself against accusations of political interference with the top prosecutor in the land over a criminal case involving one of Canada’s largest companies, SNC-Lavalin. During the question-and-answer session at the Metro Toronto Convention Center, Trudeau seemed more than happy to keep to the discussion about mining. He spoke favorably about the industry during the half hour conversation and praised the industry for its work with Indigenous people as well as its efforts to advance technology and innovation. He made a case that Canada is a safe and reliable place for investment in the minerals sector.“We are at a time of change right now, of transformation with new technologies and global supply chains, and everyone is trying to adjust to the new realities that have accelerated so much these past years,” Trudeau said. “What we are trying to do as a country and what you have done as an industry is to try to look at where things are going – go to where the puck is going to be, not where it is. You, as an industry, know that investments in innovation, research, science — investment in technology and partnerships with Indigenous communities are all things that are going to give you opportunities to be competitive in the coming years.”"

Apr 1, 2019

By Stefan Larsson, Jan Ekström, Jennie Kock-Larsen, Håkan Garin

"This paper describes the testing procedure (or protocols) for quality control of dry deep mixing columns in a major ground improvement project carried out in Sweden. Quality control was mainly based on column penetration tests performed at different stages in the project and on two occasions after installation. In the paper, the results from the tests are compared with tests on the unimproved clay. As expected, the results show that the correlation between undrained shear strength in the columns and in the unimproved soft soil depends mainly on the in-situ stress. However, the correlation probably depends on when the tests were performed after mixing. When the influence of the in-situ stress was excluded from the analysis, no significant correlation could be identified. This means that the undrained shear strength in the columns and in the unimproved soft can be considered to be uncorrelated when the strengths and the corresponding variability are evaluated with depth from groups of tests.INTRODUCTIONQuality control and quality assessment of deep mixing (QC/QA) constitute a key component in verification of the limit state design. Due to the complex mixing process and varying geological conditions, it is normally not possible to sufficiently assess the strength and deformation properties in advance. In Sweden, the most commonly used QC/QA method for verification of the limit state is the column penetration test (Axelsson and Larsson 2003; Bergman et al. 2013). The method works well but is time-consuming and requires many tests since property variability is normally high. The column penetration test can be used to assess the undrained shear strength Cu,col. However, it is not clear how the strength correlates to the undrained shear strength of the unimproved soil Cu,soil. There are common factors such as the in-situ stress state and the natural water content, which makes a positive correlation probable, i.e. as Cu,soil decreases, Cu,col also decreases and vice versa. The unimproved soil has a natural spatial variability, but it is not known if the improved soil follows the same variation. The mixing process has a substantial influence on the strength variability and may supersede the influence of other factors. However, if a sufficiently good correlation exists between Cu,col and Cu,soil, information from the geotechnical ground investigations can be used in the design and planning of QC/QA of deep mixing in a more stringent manner. Information about the correlation is also essential in reliability based design, where a strong positive correlation may have a negative influence on reliability. However, as discussed by Al-Naqshabandy and Larsson (2013), this correlation may be weak or insignificant for a representative failure domain where the mixing process may have a dominant influence on the strength variability. It is thus of interest to assess the correlation."

Jan 1, 2015

By E. W. Newman

The Bureau of Mines, in cooperation with the U. S. Geological Survey, developed the property of the Tungsten Metals Corp. by surface trenching and diamond drilling from November 1940 to June 1941 and from August 1943 to December 1943. The purpose of the work was to determine possible reserves of tungsten in the downward extension and lateral eastern extension of three major tungsten-bearing quartz veins. The property is 50 miles south of Ely, White Pine County, Nev., in the Minerva Mining District. Tungsten ore was discovered in the district in 1915, and mining started in 1916. The tungsten ore bodies occur as shoots in quartz veins that occur along faults in limestone. With the exception of a small-scale leasing operation in 1932, the property was idle from 1919 until 1936, when Tungsten Metals Corp. was organized to acquire the mines. Production ceased in May 1945, and the mines were idle until leased in 1947. Development by the Bureau of Mines during 1940 and 1941 consisted of surface trenching, sampling, and diamond drilling 37 holes for a total of 6,959 feet. Subsequent drilling of eight holes, totaling 3,067 feet, in 1943 disclosed additional reserves. This report sets forth in considerable detail the exploration work completed by the Bureau and briefly describes the mining and milling methods employed. Diamond-drill halo logs and sample analyses are shown graphically in the illustrations that accompany the report.

Jan 1, 1950

By S. Ross, M. Mayhew

"Kirkland Lake Gold introduced battery equipped vehicles (BEVs) at the Macassa Mine in 2011. The fleet of underground BEV haulage trucks and loaders has grown over the years to over 30 units, the world’s largest, currently handling approximately 80% of the daily production tonnage. The inflow and outflow of air occur through a limited number of relatively small openings, which limits the air volume delivered to the underground workings. In addition to improving air quality, the reduced heat load generated by the BEV (when compared to diesel equipment) had a significant positive impact in the workplace. The use of BEV for material handling has enabled increases in production that would not have been possible using diesel equipment.INTRODUCTIONMacassa mine was developed as a track-drift access mine, with the most recent shaft (#3) sunk in 1986. A new mining complex, the South Mine Complex (SMC) was discovered below the 5025 foot elevation south of traditional mining areas, and the majority of mining now occurs in the SMC. The discovery of that zone has led to an internal ramp which is used to access the SMC and haul ore to #3 shaft.The amount of airflow that can be moved through the mine is limited by the existing infrastructure to surface. This amount was recently increased to near its practical maximum from 118 CMS (250 kCFM) to 151 CMS (320 kCFM).Both diesel and electric equipment are used at Macassa. Tethered Load-Haul-Dump Machines (LHDs) have been replaced with Battery Electric LHDs, due to their increased mobility and depth of the mine. Battery trucks continue to replace locomotives to transport both ore and waste to the shaft, as mining has transitioned from tracked levels to trackless level and haulage has transitioned from horizontal levels to an inclined ramp.EQUIPMENT FLEET AT MACASSAMost of the primary material movers utilized at Macassa Mine are battery operated. As the mine goes deeper the battery technology will continue to be critical to the success of the operations. With over 300,000 hours of proven operation success, the battery technology and equipment will continue to be a major part of Macassa’s future."

Jan 1, 2019

By Sergei Decterov, Peter Hayes, Evgueni Jak, Taufiq Hidayat, Denis Shishin

Copper smelter operations around the world are under sustained pressure to reduce costs and increase output. Through the provision of reliable data on fundamental properties of the chemical systems the opportunities for improvements of industrial copper production can be identified. Experimental and modelling studies on phase equilibria, thermodynamics of copper slag/matte/metal/gas systems have been combined into an integrated research program undertaken at PYROSEARCH. Experimental phase equilibria studies involve high temperature equilibration in controlled gas atmospheres, rapid quenching and direct measurement of compositions of equilibrium phases with electron probe X-ray microanalysis (EPMA). Thermodynamic databases development and modelling is undertaken using the computer package FactSage in conjunction with advanced models used for complex solution phases. Progressive development of these research methodologies has brought significant advances in characterisation of these complex systems, including a new optimised thermodynamic database for the copper-containing slag system Cu2O-Al2O3-CaO-FeO-Fe2O3-MgO-S-SiO2.The new data and models can now be applied to assist in improvements of the processes. The effects of changes to chemistry and process conditions within the smelting reactor can be examined. Several examples of new descriptions of the phase chemistry of the Cu2O-CaO-SiO2 and Cu2O-FeO-Fe2O3-SiO2 systems in equilibrium with metallic copper showing calculated and experimental data are presented.

Jan 1, 2014

By N. P. Reddy

This paper describes an experimental setup for multiple-fan ventilation systems at the ventilation laboratory of the WVU Department of Mining Engineering. Housed in a 30 ft by 70 ft room, the experimental setup consists of three 18 in. variable-speed axial-flow fans, the 18 in. diameter fiberglass tubing and fittings for arranging networks, and the pitot tube measuring and data acquisition system. The fiberglass tubing and fans can be organized into the non-planner network of two fans or three-fans. It is mainly designed for studying the characteristic curves, operating points, and fan stall for the multiple-fan ventilation system.

Jan 1, 1992

By David La Rosa, Matthew Craft, Lee Julian

Rules of thumb are ubiquitous in blasting. Typically presented as ratios, they assist with the initial assumptions of blast design and provide guidance for best practice. Examples include the blast hole diameter as a function of bench height, and stemming length as a function of hole diameter. The most common rules of thumb were developed in mid-20th century and it is important for a blaster to know if the rules of thumb are still reliable.

Feb 6, 2023

By McHenry Mosier

The diamond-drill method was tried at the site selected for driving a 5- by 6 -foot air shaft at the east end of the Bellefonte mine . This method of sinking consisted , first , of drilling a 5-3/4 -inch-diameter cut hole from the surface , then drilling parallel 1.5 - inch ( EX ) holes around it at appropriate distances for a balanced blasting round . The cut hole was not charged with explosive but served as a relief chamber for the incipient expansion of the ground broken by. blasting the surrounding 1.5 - inch holes . The length of each hole was 236 feet , which was the finished depth of the shaft . The nature of the work in the air shaft was largely experimental , and many difficulties arising from the lack of special equipment and proper technique for precise alinement of the drill holes caused expensive delays before they could be overcome . Drilling the 5-3 /4 - inch hole , which was impeded by frequent core blocks in the core barrel , required 10 shifts . average advance per shift for an EX hole was about 150 feet . The The holes were charged and fired from the surface . The length of the section blasted in one cycle was 10 feet . Blasting progressed from the bottom of the shaft upward . The broken stone dropped into a chute , from which it was drawn into cars on the haulage level . The Bellefonte mine is an underground limestone mine.3/ The primary objective in undertaking the research on shaft sinking by diamond drilling was to perfect a method for driving connections between levels of the mine .

Oct 1, 1948

By Joel L. Morrison

The preparation of coal-water slurry fuel (CWSF) has the potential to be a commercially viable technology for the coal industry. The technology base required to prepare stable CWSF using grinding circuits has been developed over the past decade and is now being applied to the preparation of CWSF from wet coal fines which are generated during coal beneficiation. When preparing CWSF, the optimum CWSF formulation must be determined to ensure that the fuel will be stable while having acceptable atomization and combustion properties, and the production run must be monitored closely to ensure that the CWSF quality is maintained. This paper describes the CWSF formulation process, CWSF preparation circuits, and some of typical problems encountered in, and solutions to, the transportation and storage of CWSF.

Jan 1, 1993

By R. T. Jones

"Technical publications in the field of mining and metallurgy have existed for a long time. Recent developments in electronic publishing on websites make it possible to disseminate information more widely and cost effectively than before. Professional societies have an opportunity to serve their members and their industry by publishing high-quality peer-reviewed papers on their websites as well as in printed form. Older publications can be scanned, and optical character recognition can be used to provide searchable text. Various business models exist around this process. This paper outlines the approach used by the Southern African Institute of Mining and Metallurgy (SAIMM) to provide free open access to their journal papers and conference proceedings, as well as the work being done by OneMine.org to collect technical papers from a number of international societies and make them available to subscribers via a large database. An approach is outlined that should be of benefit to authors, readers, and society at large.INTRODUCTIONGeorgius Agricola (1494-1555) was not the first writer on the subjects of mining and metallurgy, but is well known as the author of De Re Metallica (‘of things metallic’ or ‘on the nature of metals’), a book that documents and illustrates the observations he made in the course of his extensive travels in the 1500s. Agricola wrote extensively about mining methods and metallurgical processes that were in place in the Middle Ages. The original Latin version of De Re Metallica was published in 1556, the year after Agricola died. It was translated into English by Herbert Hoover, a mining engineer and later President of the United States, and his wife Lou Henry Hoover, a geologist and classicist. The English version of De Re Metallica was published in 1912."

Jan 1, 2012

Robert W. Hunt, Chicago, Ill.:—It has been my good fortune to know of this development of Mr. York's for some time, and I think he will permit me to say that this is not the first demonstration that he has made of his method for rolling difficult shapes, and which, as he has stated, had in the past been regarded as practically impossible. I have good reason to know that Mr. York has been successful on other lines, because I myself went through a period of professional disrepute for having reported favorably on his methods, which received discredit up to the time that it was practically demonstrated that his claims were true ones. Years ago Mr. York built a mill at Duluth, Minn., for the production of structural shapes, and notably of what might be called balanced beams—beams that did not have flanges of restricted width. His scheme was to produce beams with flanges so wide that they could be used in place of built-up beams. The mill, of course, went through the difficulties that such a mill would have to encounter. I mas called upon to make an examination of the property and report. These beams were rolled on a universal mill—a mill which would admit of various-sized sections without change of rolls. I was convinced that Mr. York could do it, and I so reported. Having received condemnation and ridicule for having taken that position, later on I was glad to find that Mr. John Fritz had come to the same conclusion, and had so reported. I concluded we both could rest content, while awaiting developments. Later still, as we all know, there was another difficulty that Mr. York met with—namely, that the architects or structural engineers would not accept his proposed sections. That is still a great difficulty in America. Later, the Grey mill came into successful operation in Luxemburg, producing such sections, which are being used in England and on the Continent. In fact, the whole process, both from a commercial and a mechanical point of view, is a success. The Bethlehem Steel Co., Bethlehem, Pa.,

Jan 1, 1907

By G. G. Marino, J. W. Mahar

This paper provides an utierstanding of the betivior and potenttil damage of homes resulting from sag-type mine subsidence. This is done with extemive research of numerom case histories in Illinois collected by the authors. The howe response to substience-itiuced ground displacements are summarized and evaluuted. A damage level criteriu, specifically developed for residenttil structures, is presented based primarily on repair costs. Damage levels and the associated subsidence profile characteristics for each case history are compared.

Jan 9, 1985

By Stéphane Bourg

The SCRREEN project gathers more than 50 European initiatives, associations, organisations or independent experts working on Critical Raw Materials (CRM) into a long-lasting network including stakeholders, public authorities, and civil society representatives. SCRREEN contributes to improve the CRM strategy in Europe by (i) mapping primary and secondary resources and substitutes of CRMs, (ii) estimating the expected demand of various CRMs in the future and identifying major trends, (iii) providing policy and technology recommendations for actions improving the production and the potential substitution of CRM, (iv) addressing specific waste electrical and electronic equipment (WEEE) and other End-of-Life (EoL) product issues related to their mapping and treatment standardization, and (vi) identifying the knowledge gathered over previous years and making the data accessible to those beyond the project. As a first step, SCRREEN worked at providing stakeholders with a comprehensive analysis of the current use of the CRM, the mapping of potential primary and secondary resources, and identification of the key technologies used in their production. Substitution profiles, analysis of European business and policy issues pertinent to CRMs, and an identification of the standards, policies, and regulatory frameworks concerning these CRM was also completed. In a second step, to be conducted between mid-2018 and mid-2019, SCRREEN will provide guidance for improving the CRM market in Europe by identifying opportunities from research, development, and innovation (R&D&I) that could reduce the supply and/or economic risks around the most relevant CRM for Europe.

By G Bubner, C Gaughan

Magnetite mineralisation within the South Middleback Range has been known since the early 1930s; however, it was not until 1989 that BHP (then owners of the Middleback Ranges mining leases) drilled 10 700 m of diamond core into what was then known as the Iron Duchess low-grade deposit. In 2002 a review of Iron Resources left in the Middleback Ranges and the identification of downstream processing benefits using magnetite as a primary feed source led to the commencement of an 18 000 m resource drilling program of the high-grade core of the Iron Duchess low-grade orebody (renamed the Iron Magnet deposit). This paper describes the geology, processes and procedures used since drilling recommenced in early 2003. The Iron Magnet deposit is located 53 km southwest of Whyalla in the South Middleback Range, South Australia. It is a Paleoproterozoic stratabound magnetite deposit that lies down-dip and lateral to the Iron Duke hematite deposit, hosted within the Lower Middleback Iron Formation of the Hutchison Group meta-sediments within the Cleve subdomain of the Gawler Craton. Magnetite bearing host units within the Lower Middleback Iron Formation can be divided into a æmixedÆ basal sequence, a lower iron carbonate unit, a middle iron talc unit and an upper iron silica unit, all units grading up sequence and laterally into one another. The magnetite mineralisation is hydrothermal in origin. The strongest consistent mineralisation coincides with the iron carbonate unit, and the hematite orebodies of the Iron Duke are interpreted to represent up-dip supergene enrichment of the same unit. The Iron Magnet occurs within a large-scale parasitic syncline-anticline pair on the west limb of a larger syncline. Major bounding north-south shear zones occur on the east and west sides of the deposit. Cross-cutting west-northwest, northwest, northeast and east-northeast trending faults displace mineralisation. The commencement of drilling in 2003 lead to the migration of geological and geochemical databases, re-logging and re-assaying of all old cores that intersected the deposit, updating of logging codes and procedures, and strict Qa/Qc procedures to ensure the study satisfied JORC standards. External consultants were used for auditing and bench marking. The strong geophysical responses of magnetite and the wealth of close spaced ground magnetic and gravity data already completed over the Middleback Ranges allowed for refining of drill hole targets for the drilling program. It also provided an indirect method for ascertaining magnetite grade and tonnage volumes.

Jan 1, 2005

By James R. Walpole

Less than 100 years ago the first major federal regulatory agency, the Interstate Commerce Commission was established (in 1887), and since that time literally hundreds of other federal agencies have been created. The regulations set by these agencies tremendously affect the individual citizens of this country as well as U.S. institutions. A few examples of the myriad agencies established include the Food and Drug Administration. (1907), the Bureau of Mines (1910), the Federal Reserve System (1913), the Federal Trade Commission (1914), the Tennessee Valley Authority (1933), the Securities and Exchange Commission (1934), the National Labor Relations Board (1935), the Small Business Administration (1953), the Federal Maritime Commission (1961), the Equal Employment Opportunity Commission (1965), the Farm Credit Administration (1971), etc., etc. Eight years ago, on December 2, 1970, still another federal agency was established by the reorganization plan of President Nixon -- the Environmental Protection Agency (EPA). The Administrator of EPA was given authority to regulate certain activities affecting the environ-ment, which were formerly within the jurisdiction of the Department of Interior, the Department of Health, Education and Welfare, the Federal Radiation Council, the Atomic Energy Commission, the Department of Agriculture, etc. Within weeks after the formation of this Agency, Congress began to enact legislation which would be administered by EPA. Over the last eight years a considerable number of such laws have been passed, a few of which include: the Clean Air Act (1970), the Noise Control Act (1972), the Federal Water Pollution Control Act (1972), the Marine Protection, Research, and Sanctuaries Act (1972), the Federal Insecticide, Fungicide and Rodenticide Act (1973), the Safe Drinking Water Act (1974), the Toxic Substances Control Act (1976), the Resource Conservation and Recovery Act (1976), the Clean Air Act Amendments of 1977, etc. It may be helpful to review, in a summary fashion, the major provisions in some of these statutes, and accompanying regulations, as they relate to water quality control in the mining industry. The Safe Drinking Water Act and the Federal Water Pollution Control Act contain provisions to be examined, as well as the Resource Conservation and Recovery Act and the Toxic Substances Control Act. One other law, the Surface Mining Control and Reclamation Act (1977), is not administered by EPA although it does contain many provisions related to environmental control, and it will also be dis-cussed because of its importance to the mining community.

Jan 1, 1978

By H. E. Powell

A laboratory mineral-dressing investigation was conducted by the Federal Bureau of Mines on four limonitic and four sideritic iron ores from the North Basin of the east Texas iron-ore district. The samples, composited from drill cores, were considered representative of the iron-ore reserves of the area. The objectives of this research were twofold: (1) To devise a mineral-dressing method whereby the yield from currently mined east Texas iron ores might be increased and the grade improved, and (2) to extend such treatment to include the lower grade ferruginous materials that are not amenable to beneficiation by simple washing and, therefore, are not being exploited. Of the mineral-dressing methods used in this investigation, magnetic separation of roasted are was shown to be the most effective. Results show that, by this method, a laboratory recovery of 82 percent of the iron is attainable at a grade surpassing that obtained by current plant practice and that both limonite and siderite are amenable to concentration by the process. The existence of large deposits of iron are in eastern Texas has been recognized for over 100 years. These ores were first exploited during the Civil War and were mined intermittently until about 1911. From that time until 1944 when the Defense Plant Corporation financed the erection of three blast furnaces to use these east Texas ores, production was almost at a standstill.4/

Jan 1, 1960

By J. Chen Kuriyama

One method to store hydrogen effectively involves the use of metal complexes such as the alkali-element aluminum hydrides. The hydriding/dehydriding properties of these materials depend on how to prepare them with different structures and microstructures. The present work focused on a high-energy ball milling technique to produce Ti-doped lithium tetrahydridoaluminate (LiA1H4) and lithium hexahydroalanate (Li3AIH6) powders with nanocrystallites. The phase structures and dehydriding/rehydriding characteristics were investigated by X-ray diffraction, scanning electron microscopy, transmission electron microscopy, Brunauer-Emmett-Teller measurement, thermogravimetry, and differential scanning calorimetry. The mechanism of dehydrogenation and rehydrogenation was also examined by means of X-ray photoelectron spectroscopy (XPS). The results on the relation between the reversible hydrogen storage and catalysis function of the Ti-doped complex hydride indicate that both the homogenous distribution of Ti+AI nanoclusters and the Ti¬catalyst with Ti e> Ti3+ (Ti0/Ti2+/Ti3+) defect sites play important roles in optimizing the reversible hydrogen storage.

Jan 1, 2002

By Frank A. Peters

With the current renewed interest in advancing the technology for producing alumina from domestic raw materials, revisions of previous cost estimates to provide planning data are urgently needed. Completely new cost estimates on a 1973 basis are included for four alumina-from-clay processes and one alumina-from-anorthosite process. These estimates are based on new or previously calculated material balances, recalculated heat requirements, and new equipment designs. The use of larger and more modern equipment has permitted a significant reduction in labor requirements as well as equipment costs. Chemical prices, labor rates, and utility rates typical of late 1973 are used in these cost estimates. In addition to the revised cost estimates, all 21 previously published alumina evaluations compiled by the Bureau of Mines were updated to show the effect of inflation using an inflation index and late 1973 chemical prices, labor rates, and utility rates.

Jan 1, 1974

By Greg Barnes

Agenda ? The Mining Stock Life Cycle ? Current Environment ? Valuation ? Golds ? Valuation ? Base Metals ? Case Study ? Quebrada Blanca Hypogene Commodity Investment Cycle ? Macro-Economic Indicators ? LME Inventories ? watch the trend; rising inventories ? bad for prices, declining inventories good for prices ? OECD Leading Indicators ? PMIs ? Purchasing Manager Indices ? Industrial Production ? more important for metals consumption than GDP ? Housing Starts ? US, Europe ? Auto Sales ? All things China ? metal imports/exports; SHFE inventories; SRB stockpiling ? Seasonality ? it does play a role ? What is Chris Dutton (TDSI Quantitative Analyst) saying?

May 1, 2010