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By U. Ulusoy

Surface roughness and acuteness are known as the two of the main properties of the particle morphology affecting the behavior of the powders in the process. Since the techniques used for the morphological characterization of powders by 2-dimensional microscopic measurement from the polished sections that have some disadvantages, the 3-dimensional analysis has often relied on measurements of particle morphology. A review of literature data was presented for high-grade barite and pyrite particles ground by ball and autogenous mills to determine the morphological properties using a new 3-D approach based on BET nitrogen gas adsorption and Permaran methods. Micromeritics Flowsorb II 2300 instrument which employs BET nitrogen adsorption technique was used for the specific surface area measurements and the roughness of the particles. Permaran (manufactured by Outokumpu Oy) was used for the measurements of airflow resistance of powder samples for the acuteness. Spherical glass beads were used as reference sample for the acuteness measurements. The obtained parameters, which are surface roughness and acuteness, were corre-lated with the floatability performance of those mineral particles. The flotation performances of those particles ground in different mills (ball and autogenous) were also evaluated by a Hallimond tube. The results showed that lower roughness and acuteness values caused higher flotation recoveries for both barite and pyrite particles that were tested independently in different type of the mills. In other words; particles with smooth surfaces resulted in better floatability for barite and pyrite minerals studied.

Jan 1, 2014

By Benjamin W. Haynes

This research was conducted as part of the U.S. Department of the Interior, Bureau of Mines program to recover metals, glass, and a combustible fraction from municipal solid waste (MSW). The objective of this analytical study was to determine the concentration of antimony, arsenic, and mercury in samples taken from various sampling areas in the Bureau of Mines raw refuse recycling plant and to compare these values with those for coals used in the generation of electricity. To provide the necessary analytical data, sensitive reproducible ashing-chemical digestion-atomic absorption procedures were adapted from published procedures. It was determined that antimony and mercury concentrations in the combustible fraction of MSW are approximately an order of magnitude higher than those found in coals presently used for power generation;' the arsenic concentration is similar in both fuels.

Jan 1, 1978

By J. E. Chilton

The Bureau of Mines has developed a portable flammable gas detecting system for estimating the flammable gas concentrations in a mine containing one or more combustible gases at concentrations up to 100 vol pct. With this portable detecting system, mine rescue or recovery personnel can quickly determine if they are working in a potentially explosive gas atmosphere and either leave the area or make appropriate changes in the fresh air ventilation of the mine to render the area safe. The detecting system uses a commercial, intrinsically safe, flammable gas detector with a range from 0 to 5 vol pct methane (CH4). The flammable gas detector has a catalytic heat-of-combustion sensor that can detect all flammable gases that would be encountered in a mine including methane (CH4), ethane (C2H6), carbon monoxide (CO), and hydrogen (H2). To determine the mine gas concentration, the rescue worker dilutes a sample with fresh air carried within the detecting system. The concentration of the diluted sample is then measured with the permissable flammable gas detector. The actual mine gas concentration is calculated from the product of the indicated diluted gas concentration and the system dilution ratio using a pocket calculator or the nomograph on the side of the unit.

Jan 1, 1987

By D. L. Koch, J. W. Tester, L. K. Sinclair

"In this study, hydraulic conductivity (K) geostatistics were used to predict residence time distribution of well-to-well flow. Flow profiles, fracture density measurements, and pumping tests were available from the highly fractured Florence Copper in situ leaching site. The flow profiles were used to establish the statistical distribution and spatial autocorrelation of K. Two tests were used for validation. The first test confirmed that fracture density and K are autocorrelated over similar length scales. In the second test, Monte Carlo flow simulations successfully recreated the results of pumping tests. Flow sim¬ulations were used to stochastically model well-to-well residence time distribution. RÉSUMÉ Dans cette étude, nous utilisons la géostatistique de la conductivité hydraulique (K) pour prévoir la distribution des temps de séjour (DTS) de l’écoulement entre les puits. Des profils de l’écoulement, des mesures de la densité des fractures et des essais de pompage existaient pour le site fortement fracturé de lixiviation in situ de Florence Copper. Les profils de l’écoulement ont permis d’établir la distribution statistique et l’autocorrélation spatiale de K. Deux essais ont servi à la validation ; le premier a confirmé que la densité des fractures et K sont autocorrélés sur des échelles de longueur similaires ; quant au second, des simulations d’écoulements de type Monte Carlo sont parvenues à reproduire les résultats des essais de pompage. Les simulations d’écoulement ont servi à établir un modèle stochastique de la DTS de l’écoulement entre les puits.INTRODUCTION In situ leaching is the circulation of a dilute acid or base solution in the subsurface, via a series of injection and recovery wells, to dissolve a target metal. In situ leach modelling requires forecasting the residence time distribution (RTD) of flow between wells. In fractured formations such as copper porphyry deposits, order-of-magnitude variations in hydraulic conductivity (K) can result in highly channeled flow, resulting in a heavy tailed RTD (Becker & Shapiro, 2003; Kang, Le Borgne, Dentz, Bour, & Juanes, 2015). Channeling through preferential pathways has impacted copper recovery at several past in situ leaching field tests (Cathles, Glenn, Lenzi, Nigrini, Deans, & Huff, 1978; Ahlness & Pojar, 1983; Schmidt, Earley, & Friedel, 1994; Sinclair & Thompson, 2015). The aim of this work is to combine multiple types of hydrogeological measurements to stochastically forecast the well-to-well RTD in fractured rock for the purposes of copper in situ leach modelling."

Jan 1, 2018

By Frank Agyemang, Zainab Nasrullah, Richard LaDouceur, Mehran Saddat

To sustain the circular economy, defence applications, and other renewable technologies, recycling rare earth elements (REEs) and other critical elements from their secondary resources is important. This cause has resulted in rigorous research and development for viable extraction and separation of REEs. Previously, Sm-Co recycling has been done with technologies, which fall under the categories of pyrometallurgy, physical separation, and hydrometallurgy. All these methods have limitations associated with energy, cost, and environment. Reportedly, the chemical leaching technology has successfully recovered and separated Sm-Co. Still, it has limitations associated with slow mass transfer and leaching kinetics, and there is a need to intensify the process to make it time efficient. This approach has also adversely impacted the environment by an extensive use of toxic, corrosive, non-selective, and expensive reagents. In this research study, chemical leaching of Sm-Co was performed using this new class of solvents, Deep Eutectic Solvents (DESs), which fall under the category of ion metallurgy. Four different DESs were used, proven to be green, non-toxic, biodegradable, cheap, and selective for cobalt over samarium by 82% leaching conversion. To improve the slow mass transfer and leaching time, this new technology of resonant vibratory mixing (RVM) was also tested. RVM intensifies mixing by establishing near instantaneous, low energy mixing conditions through resonance. It has been shown to improve the adsorption kinetics and was tested for the leaching kinetics. Four combinations of DESs were prepared, which are made up of two quaternary salts: Choline Chloride and Tetra Butyl Ammonium Chloride, and three organic compounds: Oxalic Acid, Urea, and Ethylene Glycol. These combinations were used for chemical leaching of Sm-Co with leaching factors of time, temperature, and type of DESs. After leaching, the samples were tested with and without resonant vibratory mixing with conditions of time, intensity (%), and type of DESs. Samples were analysed with Induced Coupled Plasma - Optical Spectroscopy (ICP - OES). Future work will involve a life-cycle assessment to assess the RVM technology with other conventional mixers, and an extensive study of DES properties to improve selective leaching.

Feb 1, 2025

By B. C. F1intoff, R. G. Bradburn, E. Groiss

"The concentrator at Brenda Mines Ltd. treats a copper - molybdenum porphyry ore with current head grades of 0.185% Cu and 0.036% Mo. The consistently low head grades provided the driving force to explore methods of improving plant productivity. Computer based process control was recognized as one means of addressing this objective. Over the period from 1974 to 1982 a control system evolved which now extends to every area of the mill. Control strategies are built on elements of classical, modern and rudimentary expert control. In addition, the control system has often served as a catalyst for other technological developments. The economic returns associated with the system are very significant and it has played an important role in the mine's survival in times of poor metal markets. This paper presents an overview of the computer control system at Brenda.PreambleOne can scarcely avoid picking up a trade magazine or newspaper today without seeing some reference to technology and its potential impact on North American business. _A recurring theme is the need to apply technology to raise our standard of plant automation in the manufacturing and process industries. The general thesis of these articles has been concisely captured in the mutually exclusive set:AUTOMATE or EMIGRATE or EVAPORATEProcess control is one form of automation that has been successfully exploited by various sectors of these industries. In minerals and metal processing the wide scale adoption of process control technology has, until recently, been largely limited to a few companies - most of whom have a history in the area dating back to the early 1970’s. However, there is definitely an increased and much broader interest in process control as a technology which can improve performance, productivity and profit.The economic hardships that were visited on the mining industry in the early 1980's are not easily forgotten. It is the authors' conviction that the mining industry must move to implement proven technology, in particular process control, in order to be well postured for the next (inevitable) down cycle.In pursuing the technical and trade literature, one can discover a number of example of the successful utilization of process control systems in mining and related applications. In the text which follows, the authors describe the process control efforts undertaken in the Brenda Mines Ltd. concentrator."

Jan 1, 1989

By A. Ignatieff

Introduction Some interest is being shown in Canada in underground gasification of coal and, as developments have now taken place in several countries of the world, it is thought that a review of progress, particularly from the viewpoint of a mining engineer, may be of interest. The literature on the subject, and notably that of Russian origin, is already very voluminous. The various methods of underground gasification of coal have evolved from initial attempts to employ underground workings as gasifiers of previously fragmented coal or to use some method that involves little or no preparatory work underground. The 'stream' method, shown schematically in Figure 1, has been the only one used in tests to date in countries outside the U.S.S.R. Other methods, involving preparatory work underground prior to gasification, are the early 'chamber' method, where fragmented coal was gasified in rooms between inlet and outlet entries, and the underground borehole' method, illustrated in Figure 2, where gasification is developed in a succession of boreholes which are temporarily sealed and then abandoned in turn after gasification. The stream method appears. to be particularly suitable for pitching seems as it is claimed that the pitch prevents ash accumulation or serious blockage from roof falls, and it also aids the circulation of the stream. As a considerable proportion of Canadian medium and high-rank coal seams are inclined, it would seem that, at least at the outset, the stream method or a modification thereof would be the one most applicable to all but the Saskatchewan lignite fields and the flat domestic-coal fields of Alberta.

Jan 1, 1949

By E. C. Foster

The project objective of this contract is to design, develop, and demonstrate a dust collecting system for auger head miners, used in coal seams 40 inches or less in height, which will reduce respirable dust below the limits established by the Federal Coal Mine Health and Safety Act of 1969. This system was to be incorporated into 3 Wilcox Mark 20 continuous miner. In order to accomplish this, the objective was divided in three main areas. First: To develop a dust control system which would remove by isolation, respirable dust from the face area and areas where miners work. Second: To develop a dust scrubbing system to remove and collect float dust before the air reaches the return airway. Third: To reduce the overall noise levels to which the miners are exposed.

Jan 1, 1974

By Frank B. Fulkerson

Barge traffic on the Nation's inland waterways over the past 15 years has been increasing at a rate much faster than intercity freight traffic by all modes, largely due to the growing consumption of mineral commodities, development of more powerful towboats and large and more specialized barges, improvements to loading and unloading facilities, and competition among bargelines for contract shipment of bulk commodities. The Bureau of Mines, in a study to determine barge traffic projections for inland waterways in the South-Central States to the year 1980, gathered data on origin-destination patterns by commodity, quantity moved, equipment used, and rates charged; the trend of each of these factors over time; and the extent of competition between water trans-port and other means of transportation. The Mississippi River and the Gulf Intracoastal Waterway, which together carryover half the Nation's barge traffic, are major carriers of coal, crude petroleum, steel, marine shells, sulfur, salt, cement, and alumina. Greater quantities of these products will be transported by barge; however, oil pipe-lines and unit trains for coal are expected to limit increased barge traffic of these two commodities. Increasing quantities of fertilizer materials will be transported upstream. Although congestion at certain locks is a current problem, the Mississippi River below St. Louis and other open-river stretches have the capacity to handle the increasing number of barges for the foreseeable future.

Jan 1, 1969

By R. J. Craig

Introduction All mining operations produce rock dust. Inhalation of rock dust, particularly if it has a high silica content, causes silicosis. Silicosis is, therefore, recognized as a hazard of the mining industry and has been made compensable throughout most of Canada. Most of the dust in any mining operation is caused by rock drilling and blasting operations and the movement and transportation of broken rock. Dust from blasting cannot be eliminated, but it can be controlled by means of increased ventilation, the use of water sprays, and the control of blasting hours. Dust from ore movement can be reduced by keeping the broken rock in a moist condition at all times. The dust from the rock drilling operation has been found to be the most difficult to control. Concentrations of dust caused by rock drills in stopes can usually be reduced to the safe minimum of 300 particles per cubic centimeter (p.p.c.c.) by diluting the air with increased ventilation. In development headings, where the machines are more confined, this is not always practicable. Therefore, the dust must be eliminated at its source. This paper deals with the reduction of dust from Leyner machines by adopting improved designs.

Jan 1, 1947

Remote sensing methods have been used to evaluate vegetative growth patterns for many applications, though relatively little work has focused on tracking mine reclamation progress. For coal mines in Central Appalachia, reclamation approaches that include production of biofuel feedstocks are increasingly attractive, as these may yield significant post-mining land values and contribute to carbon-neutral energy supplies. To optimize biomass productivity, the influence of reclamation practices on biomass production must be well understood, which necessitates tracking biomass production over long time periods. Satellite-based estimations may offer low-cost alternatives to conventional biomass estimations and, also, the potential to provide critical input for carbon accounting at varied spatial scales. In this paper, experimental biomass production plots on reclaimed mine sites established in Wise County, VA, are used for a comparative study of satellite spectral derivatives, which are evaluated against groundbased biomass estimates. Metrics based on four spectral derivatives, band ratios and spectral transforms were regressed against biomass measured in situ for different species. The results demonstrate that greenness and principal component 2 (PC2) were more efficient than the other spectral derivatives for monitoring the biomass of this reclaimed area. Also, it is shown that Landsat-5 TM has provided promising results for monitoring of the biomass changes occurring from 2008 to 2010 over the study area.

By Derrick Chambers, George Kevin Chapin, M. Shawn Boltz

Seismic monitoring is one of the few noninvasive technologies with the potential to provide sub-surface geomechanical information to operators of large open-pit mines. Although passive seismic data has been used to refine emerging failure geometries and provide advance indication of surface deformations in the literature, doing so reliably in an operational context is much more difficult. This is due in part to difficulties in estimating and interpreting source locations and parameters in complex, low-stress open-pit environments. Additionally, the high costs associated with implementing, operating, and maintaining deep borehole seismic networks, which are most commonly used to monitor large open pits, can be difficult to justify, especially if monitoring benefits are not readily apparent. In this study, we explore the use of a near-surface nodal seismic deployment, which is commonly used in oil and gas exploration, for monitoring open-pit mining-related seismicity on a short-term basis. A deployment of 18 geophones was conducted on the surface in and around the Bingham Canyon Mine, a large open-pit mine near Salt Lake City, Utah, USA, where we find the small seismic array can detect and locate a variety of mining-related seismic sources, even with an extremely simplified velocity model. We outline the process of creating an idealized velocity model, developing a local magnitude scale, and interpreting the observed seismicity. Of note, we analyze a sequence of mining-induced events associated with a known structure on the south pit wall. We conclude with discussion on how surface-based deployments may be used to augment, or in some cases supplant, borehole seismic networks at large open-pit mines depending on monitoring requirements and objectives.

Apr 26, 2022

By James J. Scott

In 1910 the United States Bureau of Mines was created. It was the outgrowth of a social problem stemming from the fact that 25,000 men were killed in coal mining accidents for the period 1900-1910. Something had to be done and congress responded to the people's demands by creation of this new regulatory agency. At that time mine operators felt the new agency was too strict but nonetheless new rules were developed and enforced and results were obtained by the industry which reduced fatal accidents to less than 250 per year by 1970.*Social reaction by the general public brought about legislation which created the Federal Coal Mine Health and Safety Act of 1969 This legislation was a direct reaction to the Farmington Disaster. Operators and miners alike said "we cannot operate under this law. It is too strict, requirements are unrealistic, production will suffer, .there will not be any improvement in health and safety, etc." Consider the facts: 1. Health and safety have improved. The 1972 frequency and severity rate was the best ever for the bituminous coal mining industry, Figure 1. 2 .Production per manshift has dropped in underground coal mines. For example, in West Virginia from near 16 tons/m.s. in 1967 to nearly 11 tons/m.s. in 1971-72. However, not all of this loss can be attributable to the Act, but certainly some is. (2) The betterment of the safety of coal mining was a prime motivation behind the coal law and from that standpoint the law has been partially successful, but the loss in productivity has been a real burden to the mine operator. Everyone should recognize that the law says little in regard to production--it only relates to health and safety. Production is management's responsibility.

Jan 1, 1973

By H. Staton, N. Michaelson

"INTRODUCTION Lundin Mining’s Eagle Operation, located in Marquette County, upper Michigan consists of a mine and concentrator that process a Ni-Cu-(PGE) ore. The mine itself is an underground operation and the ore is trucked from the Eagle mine site 66 miles to the Humboldt mill where both nickel and copper concentrates are produced. Operations began in 2014 and continued with an average production of approximately 23,000 tonnes of Ni and 20,000 tonnes of Cu per year for the first three years of operation. The Humboldt Mill, currently operated by Lundin Mining, processes the nickel/copper ore from Eagle Mine and performs the concentration through several stages of flotation. Originally built in 1954, the Humboldt Mill began operations as an Iron Ore processing facility, and was converted to a gold processing plant during the 1980s. Various groups owned the site after closure of the gold operation. Eagle purchased the Mill in 2008 and invested more than $280 million to clean up historic mine waste and refurbish the plant (see flowsheet in APPENDIX). This paper will overview the ramp-up of the operation, and discuss some specific areas that went well and some that could have gone better during the design phase. HIGH LEVEL DESIGN CRITERIA Coarse ore arrives from the mine and is stored in a building with a capacity of 10,000 tonnes. Ore is crushed in three stages to a final product size of 100% Passing 12mm. Crushed ore is conveyed to the mass flow fine ore bins, which have a live capacity of 3000 tonnes. Crushed ore is fed to two parallel 900 HP ball mills, charged with 3” high chrome grinding media, and ground, in closed circuit with hydrocyclones, to a p80 of 110 microns in the flotation feed. Soda ash is added to the mills based on process water hardness. Cyclone overflow passes to the bulk conditioner where Sodium Isopropyl Xanthate (SIPX) and Methyl Isobutyl Carbinol (MIBC) are added. The slurry is pumped to the rougher bank for bulk flotation. Rougher concentrate is fed to a 500HP vertically stirred regrind mill and is ground to a p80 of 50 microns, using 5/8” high chrome balls. Rougher tailings report to the tailings thickener. The regrind cyclone overflow is sent to the single stage cleaner bank followed by two scavenger banks. The cleaner concentrate is pumped to the copper-nickel separation circuit. Cleaner tailings report to the tailings thickener. In the copper-nickel separation circuit, the pH is raised to 11.5 and a copper concentrate is recovered from the bulk cleaner concentrate in two stages, namely the copper roughers and the copper cleaner columns. The concentrate from the copper flotation columns is the final copper concentrate. The tailings from the columns return to the head of the copper-nickel separation. The nickel concentrate is the copper rougher tailings stream."

Jan 1, 2018

By E. H., Edwerd H. Robie

WILLIAM CHURCH was one of the founders and the first president of the Detroit Copper Mining Co. and was the first man to interest the Phelps Dodge company in the possibilities of the Morenci district, in the '70's. One rather interesting story concerning him is told by James Colquhoun, at one time president of the Arizona Copper Co., in his "History of the Clifton-Morenci Mining District." It seems that a geologist visited the Detroit company's mines and gave Alec McLean, then mine superintendent, quite a lesson on the proper mineralogical terms for what he saw in passing. Later, McLean handed out a few of them to Mr. Church as they walked through the mine on a tour of inspection. The latter had even less regard for a geologist than he did for sulphide ore, which meant little indeed, for in those days the rich ore was all oxidized, and there was no money in the sulphides. So Church was completely unimpressed by the geological and mineralogical terms that McLean had acquired from the visiting geologist. Church turned on him and warned him that so long as he was a member of his staff he was to understand that there were only two kinds of rock in his mines-the one was smelting ore and the other was waste rock, and he was not to forget it.

Jan 1, 1942

By J. R. Hunter

The present is rooted in the past. This is particularly true in the case of mining operations. Coal mining in the United Kingdom is considered an old Industry comprising today 246 Coal Mines many of which have worked coal reserves in their locality for over 100 years. More than half the current producing mines lie in the Yorkshire and Midlands coalfields. They are in the oldest age group and produce 70% of the Industry's output. Some 50% of the remaining U.K. workable reserves amounting to approximately 98,000 million tons are still available to these regions. Fig. 1 Over the past two decades a gradual erosion of demand for coal in the U.K. has virtually halved the Industry's capacity. The number of Mines has reduced by 53% during the past 10 years. Productivity has increased by some 42% mainly through improvements in the central coalfields which has enabled costs to remain broadly competitive with oil.

Jan 1, 1976

By C. L. Popp

The scope is to address issues confronted by parties in the mining industry such as: Mine planners, survey and engineering departments, field teams and subcontractors. Describing approaches and best practices for assembling a project team to identify and create modeling requirements and to implement beneficial results. 3D Machine Control and Guidance tools continue to reduce project risk and attract quality resources with skill sets new to the earthmoving industry. These tools increase production, reduce rework and help with government permitting.

May 1, 2013

By J. J. Jakosky

"This report is the second of a series dealing with electrical methods of underground communication nd signalling, and is a discussion of some of the factors involved in -applying radio in mines.A previous report2 described the results obtained by the use of the ""T.P.S."" of ground-conduction method of signalling, and outlined in a general way the requirements for a practical mine communication apparatus.The popularity of radio, the development work on new apparatus, a desire to render humanitarian service to entombed miners, and an endeavor to find new uses and applications for radio stimulated many persons to attempt the application of radio to mine rescue purposes. A number of experiments on underground reception from surface broadcast stations have been conducted by different experimenters in various parts of the country and the widespread interest in the subject is shown by the fact that these tests have been con¬ducted in many States, The Bureau of Mines has received information regarding, underground tests in Illinois, Pennsylvania, Arizona, Utah, Idaho, Colorado, Michigan, Wyoming, Kentucky, New York, Connecticut, and in England, Germany, Italy, and Franc.From occasional press notices and illustrations in different papers it may appear that radio communication in mines and in tunnels being excavated is en established fact, and that the method is comparatively simple. As a matter of fact the reverse is the case."

Apr 1, 1924

By Pedro E. Rengifo

Splicing methods have undergone considerable developments over the last 2Oyears. Continuous conveyor belt service is dependent entirely on the strength and life of the splice to hold the two ends together. Ultimately, belting performance is dependent on the quality, efficiency, and technique of the splicer. As customers demand better belting performance and running tensions increase, the need for splices that perform as efficiently as the belting has increased also. Higher dynamic belt constructions have also dictated the need for "new"sp1icing techniques. Regardless of the belt type used or spliced, one item that is most necessary with all belt types is the quality of the workmanship and standardized splicing methods that employ all of the necessary elements required to ensure reliable field service. This paper will explore the use of Goodyear-issued internal standards for field splicing following the constraints of quality and efficiency for fabric and steel cord reinforced belting. Also included are the 10 most common mistakes made by splicers, Goodyear-issued Field Quality Assurance Standards, and check lists for end users to adhere to the manufacturers' requirements for splicing including materials and specifications for conveyor belt splicing and repairs.

Jan 1, 2004

By Henry Fernald

THE accounting system or bookkeeping methods of any company are principally the concern of that company and of those who are in control of its affairs. Its published financial report is, however, primarily intended for those who are not already fully informed regarding its operations and finances. Whatever may be the advantages of standardization of accounting and bookkeeping methods, it must be admitted that a company has a certain right to handle its accounts and keep its books and records in whatever manner may seem to it best adapted to its affairs, even though such methods may differ materially from those generally adopted by others. In its financial reports it should not, however, either ask or expect that the statements it makes or the terms which it uses will be given in its case a meaning and interpretation different from that which they are ordinarily considered to have in similar reports and statements of other companies. The particular form and arrangement of such reports is a matter concerning which there may be much difference of opinion. It is of little importance whether current assets come first or last in the Balance Sheet, but it is important that there should not be included under this designation any items which are not properly current assets within the generally accepted meaning of that term. The extent to which stockholders or others interested are to be made acquainted with the full details of a company's business is a question which the proper authorities must in each case decide. It should, however, be recognized that there are certain facts regarding a mining com-pany which must be set forth in a financial statement if it is fully to cover the conditions and affairs of the company. For example, a financial, statement which does not include or is not accompanied by a statement, of the ore reserves of the company does not fully set forth its financial condition. This is true whether the absence of such a statement of ore reserves is because it is not desired to make public the figures or whether it is because the ore reserves themselves are not definitely known, or accurately measured.

Jan 1, 1928