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By Sangjian Zhang, Zhu Xiao, Lairong Xiao, Rushi Chen, Mei Fang, Zhou Li

The copper-graphite metal matrix composites were fabricated by two different production methods: directly sintering with copper and graphite (Cu-Gr composite), and in-situ sintering with cuprous copper and graphite (Cu2O-Gr composite). During the in-situ reaction sintering, a redox reaction occurs at the interface of the Cu2O particles and Gr particles, resulting in the improved physical and mechanical properties of Cu2O-Gr composites. Compared with Cu-Gr composite, Cu2O-Gr composite has a higher compression strength at any given graphite content due to the improved interface bonding and uniformly distributed fine graphite particles in the matrix. Increasing graphite content decreases the mechanical properties of the copper-graphite composites. The compression strength of Cu2O-Gr composite is 50-100 MPa higher than that of Cu-Gr composite. INTRODUCTION Copper-graphite composites have been widely used in industry due to their low density, relatively high strength and hardness, good thermal and electrical conductivity, arc ablation resistance and self- lubrication ability (Grandin & Wiklund, 2018; Han & Xu, 1999; Huang et al., 2017). Electric sliding contact friction pair in the high-speed railway system and motor brush in electric contact components have a very high demand on electrical conductivity and self-lubrication ability of materials. The electric devices need to bear both mechanical load and high electric current. Copper-graphite composites with good mechanical, electric and self-lubrication properties are the best candidates for application in multifunctional electric sliding contact frication components. The relative sliding speed of friction pair is developing towards 100 m/s or even faster, which can withstand the electric flow of more than 800 A, and it is often accompanied with vibration and impact (Guo & Ding, 2008). Conventional wear-resistant materials can no longer meet the current requirements and this promotes the development of copper- graphite composites with excellent comprehensive properties (Ding, Chen, Zhu, Zhang, & Zhou, 2009; Yasar, Canakci, & Arslan, 2007). There are many ways to fabricate copper-graphite composites, mainly including powder metallurgy method, liquid immersion infiltration method, rapid sintering method and electrodeposition method (Kalin & Poljanec, 2018; Kim, Lee, & Han, 2014; Liu et al., 2018; Wang et al., 2018). Each method has its own advantages and disadvantages, and the powder metallurgy method is the most commonly used one due to its simple process, high economic benefit, and industrial production applicability. The common steps of the powder metallurgy method are as follows (Samal, Parihar, & Chaira, 2013): firstly mixing the copper (copper alloy) powders and graphite with a certain ratio, following by die-forming, and then sintering at the high temperature with or without pressure. The advantage of copper-graphite composites is that the graphite distributed in the copper matrix uniformly and it can form a carbon diaphragm preventing the wear of the composite (Fu & He, 2010). However, the bonding strength of the interface between the copper matrix and the graphite is relative low as the combination between them is mechanical interlocking but not metallurgical bonding (Ma et al., 2008). It is meaningful to develop new fabrication technology of copper-graphite composites with better interface bonding, which could provide guidance for the design of copper-graphite composites with excellent comprehensive properties.

Jan 1, 2019

By J. Moreno, P. Sinton, R. Vogwill

Groundwater models are often used to estimate and optimize dewatering volumes, locations, and rates, as well as water supply production for mines. Projections of future dewatering rates are highly dependent on the conceptual model used as a basis for the numerical model. This paper presents an audit of modeled dewatering rates versus actual data and an examination of the reasons for discrepancies. The setting is a gold mine, in a collapsed volcanic crater breached by the ocean. Mining will occur to about 200m below sea level within a remnant geothermal system. A detailed hydrogeologic investigation was conducted to support dewatering and geothermal depressurization design for future mining operations. These studies included development of a three-dimensional model to simulate heat and density-coupled groundwater flow, using software developed by URS/Dames & Moore. In this paper, the groundwater modeling results prepared 5 years previously by others was audited using operational dewatering data. This model was then extended using the new mine schedule and actual locations for dewatering wells to predict future dewatering requirements. In addition, a comparison between “hot” and “cold” model results was used to assess the need to use a heat-coupled versus a standard groundwater model for dewatering predictions.

Jan 1, 2003

By Fred Tarquinio, Giovanni Bonita, Lars Wagner

"A new embassy for the Peoples Republic of China is under construction in Washington, DC. The 475,000 square feet (44,125 m2) structure has five levels below ground and four above, making it the largest embassy in Washington DC. A vertical soil nail wall was used as the primary support of excavation system for the project. The soil nail wall was irregularly shaped, benched in areas, and up to 98 feet (29.9 m) in height. The soil nail and shotcrete system consisted of approximately 1,600 soil nails and 50,000 square feet (4,645 m2) of exposed shotcrete wall surface. Design and construction challenges included soft soil conditions, inside wall corners, underground utilities, seismic impacts from blasting, and logistical and political factors. Overall, wall movements were lower than expected, with maximum horizontal movement less than 0.25% of the total height of the excavation.INTRODUCTIONThe proposed Embassy of the Peoples Republic of China in Washington, DC, will consist of about 475,000 ft2 (44,125 m2) of building space and contain up to four fl oor levels above ground and fi ve levels of basement (Figure 1). When completed, the building will be the largest embassy in Washington, DC. The architect for the project, Pei Partnership Architects, along with the world-renowned architect I.M. Pei, made effi cient use of the site by inserting the building into the existing slope. Consequently, excavations reach heights up to 98 feet (29.9 m) on the southern side of the property and 42 feet (12.8 m) on the northern side.The soil nail and shotcrete system consisted of approximately 1,600 soil nails and 50,000 square feet (4,645 m2) of exposed shotcrete wall surface. The location of the building relative to the property line called for tight excavation requirements, including precise wall positions and shotcrete tolerances. Design and construction challenges included soft soil conditions, inside wall corners, arched walls, underground utilities, seismic impacts from blasting, and logistical and political factors.SITE INVESTIGATIONInformation obtained from the geotechnical investigation revealed about 10 to 20 feet (3.1 to 6.1 m) of a loose to medium dense fi ll material placed during previous site activities. The fi ll material was underlain by a silty sand and sandy silt residual soil derived from the natural weathering of the underlying bedrock. This soil sequenced naturally from a medium dense to very dense material through natural weathering of the underlying bedrock. This soil sequenced naturally from a medium dense to very dense material through natural weathering processes in the rock. The underlying bedrock was locally characterized as a gneiss. A water table elevation about 17 feet (5.2 m) above the fi nal excavation level was revealed, except in the “radius” area, where a leaking water main/hydrant generated a high local water table."

Jan 1, 2007

By L. C. IlsLey

"The use of trailing cables on cutting machines, loading machines, and similar electrically operated apparatus is recognized as a necessary adjunct to the economical operation of such units. On the other hand, such cables because of their liability to failure from being run over by cars, locomotives, and other track-operated equipment offer one of the greatest hazards - indeed, probably the worst hazard - met with in the operation and maintenance of permissible equipment. Therefore, the Bureau of Mines is seeking ways of making the use of trailing cables less hazardous.Recently the bureau conducted an extensive investigation of both concentric and duplex rubber-sheathed trailing cables at the Pittsburgh Experiment Station. The results of this investigation were published in two reports.3 4In a larger part of portable motor operations in mines a double-conductor cable can be used. The investigation already mentioned indicated that it is feasible to construct a 2-conductor cable that will stand considerable abuse, such as being run over by loaded cars or light-weight locomotives without producing dangerous arcing in the cable either from grounds or short circuits. There are conditions where more than two conductors are necessary, and in such instances it will probably be necessary to use a cable less resistant to this kind of abuse.Schedule 2C, covering the tests of electric motored equipment, was approved February, 1930. This schedule provides for performance tests on trailing cables as follows;Trailing Cable Performance: The following performance test, optional with the manufacturer, is established for determining the suitability of trailing cables for use on permissible equipment. Trailing cables that pass this test will be especially recommended for this service.The cable will be placed across the two rails of a track and a 4-wheeled 7-ton car will be run over it 50 times. The speed of the car shall be approximately 3-1/2 miles per hour and potential shall be applied to the cable during tests. The cable will be shifted in position after each passage of the car thus giving 100 places over which two wheels have passed. To warrant special recommendation of the Bureau, a cable must neither become short-circuited nor grounded either to the rails or wheels in more than 10 per cent of the 100 places.The Bureau of Mines is prepared to conduct tests as outlined in the foregoing paragraphs to determine the suitability of trailing cables for use on permissible equipment. Application for such tests should be made to the Director, Bureau of Mines, Washington, D. C. Each application should be accompanied by a check for $25.00, made payable to the Treasurer of the United States, to cover the expense of conducting the test on a given size and make of cable."

Apr 1, 1930

By M. L. Brashears

Pine Point Mines is located in the Northwest Territories of Canada, about 500 miles north of Edmonton, Alberta (figure 1). Lead-zinc ore is found in numerous localized deposits along a generally east-west trending reef of Devonian dolomite, about 5 miles south of Great Slave Lake. A pumping-test program was carried out in 1968 to guide the design of dewatering systems for several open pits that are partially or wholly below the natural ground-water levels. The hydrogeologic conditions, methods employed and results obtained are discussed.

Jan 1, 1971

By Jack A. Simon

My remarks are directed at relating some of the mineralogical approaches mentioned in the preceding presentations to emerging energy issues. The assembling of this symposium on process mineralogy attests to the growing concern for energy development from the non-petroleum mineral fuels and the unconventional petroleum fuels. A report in 1979, prepared under the auspices of the National Research Council/National Academy, of Sciences, was published in two parts and dealt with "Redistribution of Accessory Elements in Mining and Mineral Processing." This report rather comprehensively considers broad aspects of minerals associated with the solid fuels considered in this symposium and focuses attention on some problems of process mineralogy relative to these fuels. Papers have dealt with coal, oil shale, tar sands, and uranium minerals. Problems associated with mining, processing, and use of these materials have significant differences, but also have some factors in common relative to the subject of this symposium.

Jan 1, 1981

By G. H. Wigton

THE oxidized ores of the Chief Consolidated Mining Co., in the Tintic mining district, have never yielded to metallurgical treatment by any standard method except smelting. These ores occur in comparatively small, irregular, siliceous replacements in limestone, and carry silver, lead, and gold as the principal valuable metals. But smelting methods. are unsatisfactory, as the lead smelters heavily penalize the large amount of silica in the ore, and the copper smelters do not pay for the lead in the ore; therefore, an alternative treatment method was sought. In 1916, a metallurgical research department was organized under; the direction of the writer. Many standard metallurgical methods were investigated but, on oxidized ore, none yielded extraction great enough to make its use feasible. During some chloridizing-roasting experiments in 1916, made in an assay muffle, the writer noted that large proportions of the silver, lead, and gold were volatilized from certain oxidized ores. The possibility of volatilizing the metals and collecting them in the form of a concentrated fume was then studied. But, as it was shown that satisfactory chloride-volatilization would be limited to a furnace feed with a high fusing temperature of the non-volatilizable constituents, and as the results obtained in a rotary kiln with the admixture of common salt with the ground ore were inferior to muffle tests, further volatilization experiments were discontinued until 1920. During this interval, an experimental sulfidizing and flotation plant was operated. After the cessation of attempts to float the oxidized minerals, chloride-volatilization experiments were resumed. The highly infusible flotation. tailing from the operation of the flotation mill was used for furnace feed. The first tests made on flotation tailing mixed with 10 per cent. common salt showed -nearly complete lead and gold volatilization but considerably less volatilization of silver than in muffle tests. In attempts to increase the silver extraction, the percentage salt in the furnace feed was varied, and it soon became apparent that the use of smaller percentages of salt raised the fusion temperature of the furnace charge and thus,

Jan 8, 1925

By William Gleason

"Technology of all forms has experienced exponential growth in recent years, and there is no sign of it slowing down. This growth has presented amazing opportunity and significant challenges in nearly every aspect of daily life. Some of these changes are seen and experienced every day as we turn to our smart phones, tablets and smart watches to help with us with everything from directions to the store to managing our health. And other technological growth takes place far away from the public view but can have as much of an impact on our daily life as does shopping at Amazon or connecting with friends on social media.At the “THRIVE 2018, Innovations Advancing Mining” conference presented by SME on Sept. 27 at the Sheraton Pittsburgh Hotel at Station Square in Pittsburgh, PA, the focus was on innovation and how it affects the global mining industry.More than 100 people were on hand for the inaugural event, and they were treated to a unique program that focused on the cutting-edge innovations that will carry the mining industry into the future while increasing safety and productivity along the way.2018 SME President Barbara Arnold was the driving force behind the conference and put together the technical program with a focus on innovation through the entire mining life cycle and into the future. Talks ranged from more efficient and safer ways to extract minerals to some of the most advanced end uses of minerals and metals, including the use of 3D printing to create precision parts for machines and humans from advanced metal alloys.“We need to adapt new technologies to our industry and develop additional technologies as we provide materials and metals for infrastructure and energy development in the United States, around the globe, and to the Moon and beyond,” Arnold told Mining Engineering. “Our inaugural THRIVE conference sets the stage for these innovations to be applied and to continue to be developed. Our mining industry can only continue to thrive with these advances.”"

Jan 11, 2018

By Gerald W. Elger

A new process under development by the U.S. Bureau of Mines for producing synthetic rutile from ilmenite is described. Rutile formation is based on oxidation and fluxing of titania slag produced by electric furnacing of ilmenite. Laboratory tests show that phosphorus pentoxide flux additions to oxidized slag enhance conversion to rutile by forming a phosphate-based glass matrix. This matrix contains most of the major impurities, including the oxides of iron, aluminum, magnesium, manganese, and silicon. Rutile crystals of 5 to 150 microns in size were formed in slags heated to temperatures of 800° to 1,550° C. The synthetic rutile crystals were liberated from ground slag by treating with phosphoric acid to weaken the glass matrix, followed by attrition scrubbing. Rutile fractions analyzed as high as 94 percent titania content. In several instances, more than 90 percent of the titanium in the shag was recovered to yield combined rutile fractions containing 90.2 to 92.6 percent titania.

Jan 1, 1971

By Trevor R. Ellis

The extractive industries addition to the International Valuation Standards (IVS) is scheduled for publication in the next edition of the IVS book in January 2005. This will provide guidance for valuation of minerals and petroleum industry assets of all types for all appraisal uses. It will provide asset valuation support to the International Financial Reporting Standards for the stock markets of the world, and a global umbrella standard which can be supplemented for local needs by institutes and regulators. This paper discusses implementation of the IVS within the minerals industry and important issues that the industry should confront.

Jan 1, 2005

By Louis Ware

BEFORE the war we often heard the term "Big Business." And there were complaints of the ills and abuses attributed to bigness in business. Although there were examples where the small businessmen spoke for their rights and sought protection from the bigger ones, it has only been in recent war years that a tendency has developed definitely to divide the business of our nation into the big and the small. In some cases, those with an eye to the political value of the vastly greater number of small businessmen of the country have fomented this division by hurrying to the protection of these more numerous voters, and intentionally or not have emphasized in their writings and verbal attacks any and all differences of these interests that could either be found or fabricated to, suit the occasion. It has become another example of breaking the people into classes and thus setting up the basis for the claims of one class against another, and the subsequent demand for legislation and Governmental aid. The terms "big" and "small" are purely relative. One businessman, employing a hundred men, told me recently he did not know which adjective would be more appropriately applied to his operation. He did not know whether he should join the small operators' group that had been organized, or should consider himself big. He said that his present plant seemed big to him when he looked back to its humble beginning many years ago with a couple of men in two rooms. Yet, when compared with many of his competitors who employ thousands, his was small. He did add, however, that he probably became big one day a few years ago when the union moved in and organized his employees.

Jan 1, 1945

By J. H. Nixon

A three phase program evaluated commercial proximity warning devices, developed and designed a microprocessor-based electrostatic field measurement instrument, and utilized this instrument to investigate the electro-static fields about power lines. The Phase I program consisted of test and evaluation of these commercially available proximity devices. The evaluation results were reported in the Phase I report entitlted "Evaluation of Proximity Warning Devices II dated 22 February 1980. The Phase II program resulted in the design and development of a microprocessor-based Distributed Sensor A.C. Electrometer which measures the electrostatic field present at 17 discrete locations along a crane boom. Operator control of the measurement system allows simultaneous electric field measurements from 17 probes, print out of the electric fields measured, and data archiving on magnetic tape for post measurement analysis. Under the Phase III program, electro-static fields around a crane boom were measured by the instrument at 17 high voltage power lines of various voltages and geometries. The electric field data was processed and plotted versus boom distance from the power line. Analysis of the electric field data indicate that the distances at which a single sensor alarm will activate, vary by a factory of 3 to 1. This is due primarily to variations in boom orientation. The results also indicate that in the case of multiple power lines, a single electrostatic field sensor cannot reliably be used to determine the distance from a power line.

Jan 1, 1982

By Thomas Kuhn, Carsten Ruehlemann, Christina Heller, Anna Wegorzewski

The commercial extraction of metals from manganese nodules on an industrial scale requires more than 50% of the investment necessary to realize manganese nodule mining. This is mainly due to the fact that a completely new metallurgical processing scheme for the extraction of both base metals (Ni, Cu, Co) and high-tech metals (Mo, Li, Ga) has to be developed and upgraded to industrial scale. There are a number of conventional processing technologies that combine hydro- and pyro-metallurgical approaches such as the INCO and CUPRION processes which have been developed in the 1970s and 1980s. Today, new approaches based on selective leaching with chelating agents and bioleaching try to minimize energy consumption and waste production. All of these extraction methods require knowledge how the metals are structurally bound in the manganese oxides. In this contribution we will review the current knowledge about the mineralogy of iron and manganese minerals in the different marine oxide deposits, present our results, and discuss the possible consequences for metal extraction.

Sep 1, 2014

By John D. Bradley

Stibnite is 76 miles east of Cascade, Idaho, which is 78 miles due north of Boise. The altitude at Stibnite is 6,500 feet, and between Cascade and Stibnite the Forest Service road crosses two summits - Big Creek at 6,800 feet and Warm Lake at 7,300 feet. The ownership of most of the Meadow Creek group of 190 claims, which is optioned by the Bradley Mining Co from the United Mercury Mines Co. may be traced back from their consolidation by the United Mercury Co. through ownership by prospectors and small promotional companies to the discovery of the Thunder Mountain district in 1900 by the Caswell brothers.

Jan 1, 1942

By D. Hanson

Fox most of their practical applications metals are required to with-stand stresses of appreciable magnitude: indeed, it is because they possess the quality of resisting stress without becoming permanently deformed that they find such extensive use in the service of man. Metals and alloys must, in service, usually behave as elastic substances-or nearly so. It is not difficult to satisfy this condition at ordinary temperatures. Iron and its alloys, especially the steels, are at normal temperatures excellent elastic bodies, capable of satisfying most of the mechanical requirements of the engineer: where electrical, chemical or other properties are impor-tant, which cannot be met by steels, it is usually possible to find a non-ferrous alloy such as nickel, copper or aluminum, which will prove satisfactory. When the metals or alloys are not inherently sufficiently elastic, cold-working or heat-treatment may develop elastic properties to a sufficient extent for practical needs. By means of relatively simple, rapid tests we can measure such properties as elastic modulus, limit of proportionality and proof stress, upon which design can be based with confidence. The case of the soft metals, such as lead and tin, is well known to be exceptional. They possess no definite limit of elasticity, and the value of proof stress or tensile strength depends to a great extent on the speed with which the test is carried out. Design here must be based on other considerations than a well-established theory of the proportionality of stress and strain. It is now generally recognized that steels and non-ferrous alloys possess at temperatures not greatly exceeding that of the atmosphere, characteristics quite different from those existing at ordinary temperatures, and that they assume qualities similar to those of the soft metals. Not only have they no limit of elasticity, but the proof stress and the ultimate stress depend on the time of application of the load. Flow under load may persist for long periods of time, possibly indefinitely, and the determination of a true maximum stress becomes a matter of great difficulty.

Jan 1, 1939

By Carlos A. Nunes

V-AI alloys have been used commercially to produce pure vanadium by Electron Beam Melting (EBM), as well as to obtain Ti-based alloys (ex. Ti-6AI-4V). The aluminothermic reduction of vanadium pentoxide (V205) is the primary method to obtain these alloys. Concerning the obtention of pure vanadium, earlier studies have indicated alloys presenting Al content between 10 and 15wt% as the most suitable alloys for direct EBM. In the present work we investigated the aluminothermic reduction of V205 in order to define process parameters for the obtention of V-AI alloys with composition in the previously mentioned range. It was studied basically the effect of excess AI, CaO addition and reaction atmosphere (air, argon) on the alloy composition (AI, 0, N). In addition, microstructural analysis of selected alloys by SEM (BSE images) and EPMA (WDX) were also performed.

Jan 1, 1996

By N. Thorp, S. J. Bluhm

It has long been recognized that the provision of an acceptable thermal environment minimizes the danger and the adverse effect of heat stress, which is directly linked to decreased productivity, increased accident rates, and excessive physiological strain in workmen. Refrigeration in one form or another helps to provide this acceptable thermal environment. This paper outlines the problems encountered in a working area, and the steps taken to alleviate environmental conditions in some stopes with the introduction of selective cooling employing small water-chilling units in conjunction with specially designed stope coolers. Performance figures are given for plant and stope coolers, and the effectiveness of the system is assessed from an evaluation of the improvement achieved in the environmental conditions.

Jan 1, 1986

By A. Bouchard

"Based on laboratory testwork, a two-stage cleaner / re-cleaner circuit with feed regrind was proposed to replace an existing single-stage middling circuit treating a scavenger concentrate at Inco’s Clarabelle mill. In order to effectively transfer the technology and implement the new flowsheet in the plant, an extensive on-site pilot plant campaign was conducted. After demonstrating the improved metallurgy, the two-stage middlings circuit was successfully implemented at the operation.The present paper describes the on-site pilot plant testwork and the plant metallurgical improvement after implementation of the new middlings circuit. The addition of TETA / Na2S03 greatly enhanced the pentlandite selectivity against pyrrhotite and the two-stage cleaning considerably improved the pentlandite selectivity against rock minerals. The improvement was immediate after the installation of the new middlings circuit. Size by size recovery analysis indicated that a finer regrind would further improve the metallurgy of the new two-stage cleanerhe-cleaner circuit and those modifications are in progress at the mill.INTRODUCTIONThe milling operation at Inco’s Clarabelle mill has been described elsewhere (Kerr and Kipkie, 1985; Agar, 1991). While maximizing the recoveries of chalcopyrite (Cp) and pentlandite (Pn), continuous effort has been directed toward improving pyrrhotite (Po) and rock minerals (Rk) rejection. Inco discovered diethylene triamine (DETA) and triethylene triamine (TETA) (Marticorena, et al., 1994) for pyrrhotite rejection. Falconbridge further improved pyrrhotite rejection using DETA and SO2 (Kelebek, et al., 1995). No special technologies are used in the rejection of rock minerals."

Jan 1, 2001

By Thomas Fraser, Robert MacLachlan

The dry cleaning of coal is a relatively new art and, as might have been expected, a number of unforeseen problems have been brought to light in the few years that dry methods of treatment have been in commercial use. The pneumatic concentrators that were first adapted to the cleaning of coal had already been developed to a fair degree of efficiency, although at low ratings, in the field of ore dressing. The concentrating machines, therefore, were in a relatively more perfected state than the general technology of dry cleaning and, for this reason, the major difficulties encountered in the early plants were in the accessory operations involved in the servicing of the cleaners rather than in the functioning of the cleaners themselves. The crudities of a new technology were further aggravated, in some cases, by meagerness of appropriations which precluded even the provision of adequate storage bins and such other facilities as had been long recognized as indispensable to the proper functioning of older types of cleaning plants. The practice of dry cleaning is now sufficiently established so that we may examine critically auxiliary equipment and operations. The cleaning processes have been so simplified, with respect to presizing of the raw coal required and the quantity of air circulated, that stinting of expenditures for auxiliary equipment is not necessary to keep the per ton cost of installation in line with complete and well designed plants of other types. Furthermore, sufficient operating experience has been accumulated to ascertain the conditions most conducive to effective operation of dry-cleaning machines; at least the essentials of a definite technology of dry cleaning has been established. Early Operating Problems The problems that have occupied the builders and operators of dry-cleaning plants from the beginning have been relatively few, but difficult of solution. The principal difficulties have been: 1. The proper sizing of the raw coal to suit the cleaning process. 2. The handling of raw coal when it is delivered wet from the mine. 3. Dust collecting. 4. The maintenance of uniformity in cleaning performance.

Jan 1, 1931

During the 1998/99 Asian crisis Solid Energy's export revenues collapsed from over US$70M to under US$40M. Simultaneously, domestic market uncertainty led to decreases in volumes and prices. A major new underground mine was not technically viable, and was closed, and several other mines were marginal. Less than two years later, Solid Energy and its JV partner closed a second new underground mine. The company was in financial crisis, and reported an $86M loss for 1998/99. After refinancing with stringent workout conditions it still had minimal returns due to low prices, unaffordable transportation costs and huge unrealised FX losses as the NZ dollar fell 40 per cent in value. The obvious scenario was to æcash upÆ û complete extraction at remaining mines, sell off any viable parts of the business, pay off debt and wind the company down.In 2002 Solid Energy has completed its recovery. Although margins remain slim and volatile in both export and domestic markets, it is achieving record volumes and revenues. It has paid off its shareholder loan, has minimal remaining FX losses, and cashflow is allowing further mine and infrastructure development. The key to the turnaround has been implementation of rigorous planning, analysis and decision-making in all aspects of the business. The company has a comprehensive, rolling 20-year plan used annually to update rolling five year and annual business plans. Solid Energy augments strong line management operations with rigorous standards and processes for mine planning and development, operational decision-making, and functional support. Detailed, quantitative risk analysis is used in all aspects of the business and allows comprehensive integration of opportunity and risk management across all activities in the company.Coal mining is widely perceived as an æold-economyÆ industry. But, like other successful æold economyÆ companies, the information systems and management processes used by Solid Energy are as leading edge as any in the high-tech sector. They are the key to managing to add and sustain maximum value for a company that has access to coal resources sufficient for hundreds of years.

Jan 1, 2002