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By M. Kuchta, A. Newman

LKAB’s Kiruna Mine, located in northern Sweden, produces about 24 Mton of iron ore yearly using sublevel caving. For efficiency, the mine must deliver planned quantities of three ore products. We use mixed integer programming to schedule Kiruna’s operations, specifically, which production blocks should be mined, and when they should be mined to minimize deviations from planned production quantities while adhering to mining restrictions (e.g., sequencing). A new production block database and a well-formulated mixed integer programming model dramatically reduce the size of the original problem; in less than ten minutes we generate five-year schedules with time fidelity of months.

Jan 1, 2002

Grinding Mill Operation and Maintenance - Central to Asset Management Since 2005, RME has pursued a vision for a new grinding plant operational paradigm, made possible by RME's latest Mill Relining Systems. At some sites, new liners degrade SAG mill performance. The variables include mill volume loss, rotational speed limitations (ball strike) and liner designs developed for longer and longer life but without a backward glance at metallurgical consequences of whole plant performance. Freshly relined mills can initially deliver as little as 80 per cent of their maximum throughput, that maximum occurring toward the end of the liners' wear life. RME's proposition is to see new liners designed for maximum commercial performance. This may mean more frequent mill relines but with liners designed to yield optimum grinding, metallurgical and profitability performance, not maximum life. In other words, mill liner profiles and relining speed become key profitability contributors and not simply 'must do' maintenance functions and costs. This paper includes a short history of RME's Mill Relining System development (Appendix A). These are the enabling technologies which permit more frequent liner exchange without incurring additional downtime imposts. The body of this paper outlines RME's vision of a 'liner profile vs. profitability' commercial model, underpinned by the rigour of PAS 55-1:2008 Asset Management Part 1: Specification for the optimised management of physical assets. The technical elements can be developed either intuitively (based on plant experience) or by using a combination of new measurement and modelling technologies. These new measurement and modelling tools provide the opportunity to predict the optimum technical solution for the maximum commercial outcome. Much of this can be modelled off-line, in the virtual world, before asking senior management to commit to an expensive liner experiment. The potential benefits are compelling.

Sep 13, 2010

By G. A. Grandy, P. F. Thomas, C. D. Danecki

When considering the mill drive system for a grinding application, a large number of questions must be answered. Depending on the mill size and type, the mill can be driven by several configurations of drive systems: a single low-speed motor connected to a pinion driving a ring gear, two low-speed motors connected to two pinions and driving a ring gear, or a gearless motor mounted directly. In addition, a gear drive system can have a reducer placed between a high-speed motor(s) and pinion(s) or a power path splitting pinion stand. In some designs the reducer is integral with the pinion stand driven by a high-speed motor. The technical and commercial implications of several mill drive options are presented. Initial cost, cost of installation, cost of commissioning, and cost of operation and maintenance are presented for each drive option considered. The impact of each drive system on the design, cost and operation of the overall plant electrical system is discussed. Also, consideration is given to mill drive availability, and the potential cost resulting from delays in plant production.

Jan 1, 2001

By Charles W. Axten

Since the mid-1970s, samples of airborne and waterborne fibrous particulates have been collected in the area of the Northshore Taconite Ore Processing Facility by the Minnesota Department of Health (MDH), the Minnesota Pollution Control Agency (PCA), and the University of Minnesota. Indirect sample preparation has consistently been used although other aspects of the sampling methods and sites have varied and analytical procedures were altered over time as more accurate and precise microscopy methods were developed (i.e., phase contrast optical microscopy, transmission electron microscopy, transmission electron microscopy with energy dispersive spectroscopy). In the mid-1970s, levels of airborne fibrous particulate in the Silver Bay area averaged from 0.00030 to 0.03 f/ml. This level was significantly greater than levels of similar particulates in the St. Paul, MN area, although two of the Silver Bay sampling sites, considered individually, did not indicate levels of fibrous particulate markedly different than that seen in St. Paul. More recent sampling data (i.e., 1990?2001) indicate mean concentration of airborne fibrous particulates (amphibole-like fibrous particulates) of 0.0020 f/ml with a range of values from 0.0001 to 0.0140 f/ml. Such levels are not significantly different from those seen in other non-urban environments in the US and Europe. Concentrations of fibrous particulates in water samples were higher in the mid-1970 when iron ore tailings were being deposited in Lake Superior, but since the tailings have been deposited on land waterborne levels of fibrous particulate in the Beaver River have remained relatively constant averaging in the range of 7.5 MFL. This level is only slightly in excess of the current EPA drinking water standard for fibrous particulates. Review and consideration of this data is important in determining the potential health risks associated with airborne and waterborne fibrous particulates in the areas of the Northshore Taconite Ore Processing Facility. © 2007 Elsevier Inc. All rights reserved. Keywords: Taconite; Asbestos; Asbestiform fibers; Fibrous particulates; Cleavage fragments; Phase contrast optical microscopy; Transmission electron microscopy

Jan 1, 2007

By M Passmore, N Poznik

Olympic Dam is a world-class deposit and is unquestionably one of the most geologically, structurally and texturally complex orebodies in the world. As development advances into the Southern Mine Area (SMA) the geological understanding is rapidly evolving as underground drill rigs are prioritised to provide the additional data necessary to convert Indicated and Inferred Resources into Measured Resources. The SMA represents approximately 70 per cent of Olympic Dam’s total resource and is significantly more complex when compared to the Northern Mine Area with respect to the diverse nature and origin of lithotypes, rock mass characteristics and the extent of major structures controlling primary mineralisation trends.Recent mine development into the central SMA has been impacted by a major structural gouge zone. Sound geological interpretation allowed mine geologists to successfully integrate their local understanding of the distribution of lithotypes with critical geotechnical data, chiefly rock quality designation (RQD), to delineate and better predict this major structural gouge zone. As a direct result, development rates improved whilst also increasing awareness for the importance of sound geological interpretation utilising all available data. In order to maximise predictability across all systems in place through the mining geology value chain, the integration of geological and geotechnical data in a geotechnical RQD block model provides an additional tool to assist in preventative solutions for complex problems to achieve a proactive mining environment.This paper details the methods used to build the RQD block model, the geostatistical estimation parameters, 3D geotechnical domain wireframes, challenges regarding legacy approaches, and collection of geotechnical information and incorporating/linking geotechnical data with geological features, including the use of grade and lithotype domains. Although the geotechnical block model proved difficult and complex to construct, the resultant product has seen successful integration of geological and geotechnical data into mine planning providing higher resolution of critical parameters for local mining areas.CITATION:Clark, J M, Passmore, M and Poznik, N, 2017. Olympic Dam rock quality designation model – an integrated approach, in Proceedings Tenth International Mining Geology Conference 2017, pp 27–36 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 20, 2017

By Ludwig Hermann

"Phosphorus is required by every cell of living organisms and essential for plant growth. It is a non-renewable resource that must be mined from natural deposits, going gradually into depletion. Abundant secondary resources are available in sewage sludge and meat and bone meal, with the highest exploitable P concentrations in ashes that remain from their widely used combustion with energy recovery. ASH DEC has successfully removed heavy metals and transformed sewage sludge ash into a marketable P fertilizer by application of a thermo-chemical treatment process. Pilot scale investigations in which ash was treated proved that generally heavy metal limits required by fertilizer legislation can be attained. To achieve a high P availability for crops – an essential fertilizer quality feature – was a more challenging R&D task. Our presentation demonstrates the scientific approach and R&D results that lead from assessment of market requirements to licensed products.IntroductionPhosphorus (P) is required by every cell of living organisms. It is one of the major elements for plant nutrition and therefore essential for crop production. P supply in plant nutrition depends entirely on external inputs into soils [1]. This is achieved by P-fertilizers deriving from rock phosphate deposits that are gradually going into depletion. Serious prognoses anticipate that rock phosphate will be the first low running resource in the world [2]. In the EU, last year 2.530 kt of phosphorus (P2O5 in fertilizers) was consumed and only 313 kt (P2O5 in rock phosphate) was mined. Since 2007, rock phosphate prices have increased by 500% because of a tight supply situation [3].For these reasons, P recycling is becoming an increasingly important issue. Suitable secondary raw materials with regard to their high P-content and abundance are sewage sludge and meat and bone meal. In the EU 989 kt P2O5 are accumulated annually in theses materials, of which 632 kt P2O5 are permanently lost to landfills and other forms of disposal. The main reasons for their limited recycling are concerns on heavy metal contents and organic pollutants that may incite health hazards. As an additional shortcoming, the availability of P from these materials to plants is poor and storage and transportation are problematic issues [4, 5]."

Jan 1, 2008

By N. Wang, A. I. A. Salama

"An index to evaluate the amenability for processing of different coals is implemented. The index is based on the well-known Mayer-curve or M-curve. The index is superior to other existing indices and is implemented using Microsoft-Excel™. Several coals are used to demonstrate the implementation of the index proposed.IntroductionIn 1950, Mayer introduced a curve that carries the information embedded in the fir s t three curves or ash curves of the conventional washability tables and curves (Peng et al., 1979; Osborne, 1988). The curve was labeled the Mcurve (abbreviation for Mittlewertkurve in German or the Mayer- curve). The main idea behind the curve is to use the ordinate for the cumulative mass and the abscissa for the ash (attribute) mass. Specific slopes on the resulting curve represent the cumulative float, cumulative sink, and elementary ash (attribute) contents (Mayer, 1950, 1953, 1957; Venkatesan, 1975; Osborne, 1988; Salama, 1989). Beyond the ash values, the curve carries graphical information that can be used in evaluating coal processing characteristics. Consequently, it becomes possible to present several raw coals on a single diagram, thus making it easier to compare their processing characteristics. This is particularly useful in comparing various size ranges of raw coal or the same size range from different seams. Therefore, the M-curve is adopted as a vehicle for developing the “processing (washing) characteristics index” implemented in this paper."

Jan 1, 2001

By Christopher Bambridge

The Washington State Department of Transportation (WSDOT) is constructing a new tunneled route under Seattle to replace the existing State Route 99, Alaskan Way Viaduct (AWV), which follows the historic waterfront for several miles. The viaduct separates the businesses that rely upon the tourist trade from the down-town area. The reconnection of the city to the waterfront areas will occur following the completion of the SR99 Re-placement program that replaces the aging structure that was severely impacted by the 2001 Nisqually earthquake, with a state-of-the-art, twin-deck highway with a world record-breaking 17.4-m (57.3-ft) bored tunnel. Constructed in the 1950s, the double-tiered viaduct is nearly 3.2 km (2 miles) long and runs parallel to city?s waterfront. The viaduct, which is partially supported by the seawall, is a vital local and regional transportation link and carries about 110,000 vehicles each day. The seawall, built from concrete and timber in the 1930s, extends along Seattle?s waterfront and supports the soil behind it. Studies in the 1990s showed that the viaduct was nearing the end of its useful life, apparent by its exposed rebar and weakened columns. The 2001 Nisqually earth-quake further damaged the viaduct, forcing WSDOT to temporarily close it for inspection and limited repairs. The viaduct and nearby seawall are vulnerable to an-other earthquake and continue to show signs of age and deterioration. Following a collaborative process, WSDOT developed the following guiding principles to the viaduct replace-ment:

Sep 1, 2013

By G. Chi, A. Solomon, J. Lai

"The Buffalo gold deposit is a small deposit consisting of auriferous quartz-tourmaline veins within a granodiorite stock in the Red Lake greenstone belt. This study aims to characterize the mineralizing fluids through fluid inclusion and stable isotope analyses and to compare them with those of the world-class Campbell- Red Lake deposit. Four types of fluid inclusions were recognized, including carbonic, aqueous-carbonic, aqueous, and halite-bearing aqueous, with the carbonic type being the most abundant. Raman analyses indicate that the carbonic phase mainly consists of CO2, with minor amounts of N2 and CH4, and rarely detectable H2S. The homogenization temperatures of the carbonic inclusions range from -41.7° to 30.9°C. The homogenization temperatures and salinities of the aqueous, halite-bearing aqueous, and aqueous-carbonic inclusions are 130° to 276°C and 9.7 to 23.6 wt.% NaCl equiv., 155° to 207°C and 32.9 to 42.3 wt.% NaCl equiv., and 215° to 357°C and 8.3 to 19.7 wt.% NaCl equiv., respectively. The d18OVSMOW values of tourmaline range from 8.2‰ to 9.0‰, and those of quartz from 11.4‰ to 11.9‰, with estimated fluid temperatures from 323° to 399°C based on the quartz-tourmaline isotopic geothermometer. It is postulated that separate CO2-dominated and aqueous fluids intermittently invaded the fracture/vein system in response to fluid pressure fluctuations, with limited mixing. The CO2-dominated fluid, previously recognized in Campbell-Red Lake as the main mineralizing fluid, is inferred to have been derived from deeper parts of the crust. This deep CO2-dominated fluid reservoir might have been a common source for gold mineralization in the Red Lake greenstone belt. Le gîte aurifère Buffalo est un petit dépôt composée de veines de quartz-tourmaline à l’intérieur d’un stock de granodiorite dans la ceinture de roches vertes de Red Lake. Cette étude vise à caractériser les fluides impliqués dans la minéralisation par les inclusions fluides et par les isotopes stables ainsi que de les comparer avec ceux du gîte de classe mondiale de Campbell-Red Lake. Quatre types d’inclusions ont été notes, incluant des inclusions carboniques, aqueuses-carboniques, aqueuses et aqueuses avec halite, les inclusions carboniques étant la variété la plus abondante. Les analyses par spectroscopie Raman indiquent que la phase carbonique consiste principalement en CO2, avec des quantités mineures de N2 et de CH4, et rarement avec des quantités mesurables de H2S. Les températures d’homogénéisation des inclusions carboniques vont de -41.7° to 30.9°C. Les températures d’homogénéisation et les salinités des inclusions aqueuses, aqueuses avec halite et aqueuses-carboniques sont varient de 130° à 276°C et de 9.7 à 23.6 poids.% NaCl équiv., 155° à 207°C et 32.9 à 42.3 poids.% NaCl équiv., et de 215° à 357°C et 8.3 à 19.7 poids.% NaCl équiv., respectivement. Les valeurs de d18OVSMOW pour la tourmaline vont de 8.2 à 9.0‰, et celles du quartz de 11.4 à 11.9‰, avec une température estimée du fluide entre 323° et 399°C sur la base du géothermomètre isotopique quartz-tourmaline. Il est postulé qu’un fluide riche en CO2 et un fluide aqueux distinct ont envahi le système de fractures/veines par intermittence en réponse à des variations dans la pression des fluides, et qu’il y a eu peu de mélange. Le fluide riche en CO2 est également observé à Campbell-Red Lake ou il est le fluide minéralisant principal, il est présumé être dérivé de portions plus profondes de la croûte. Ce réservoir profond de fluides riches en CO2 pourrait être la source commune des minéralisations aurifères de la ceinture de roches vertes de Red Lake."

Jan 1, 2009

By O. T. Barrett, R. F. Aberethy, H. N. Cooper, Thomas Fraer, William L. Crentz

"INTRODUCTION The object of the techniques described in this report is to determine the possibilities of separating the components of a raw coal into such grades as may be necessary to recover some exceptionally clean functions for special purposes.To do this commercial gravity methods would require separation at very low specific gravities, entirely outside the range of conventional practice. Hence, a technique has been developed for breaking down cool ample, into very close fractions within the gravity range of the (-lean coal matter as well as for separating it from the refuse and particles.Such data on the fundamental specific-gravity consist of the clean-coal matter will serve to appraise the difficulty of the problem and to chow be accomplished if and when effective methods of making such separations commercially are developed."

May 1, 1945

By B. S. -J. Kang, M. A. Alvin, J. M. Tannenbaum

"A load-based micro-indentation technique has been developed for damage assessment and non-destructive spallation detection of TBCs at room temperature. This micro-indentation technology has been further extended to the development of a high temperature (HT) test methodology. Elastic modulus calibration tests performed on Hl 3 Tool Steel to 500°C and Haynes 230 at 1000°C displayed excellent agreement with reported values. Moreover, indentation creep tests of Haynes 230 at 1200°C were found to be in agreement with known creep exponents as well. Finally, a HT thermal flux indentation apparatus was assembled for conducting TBC turbine component testing under high temperature moisture-containing environments (= 50% steam with controlled gas content temperatures up to 1250°C). Description and design considerations of this test apparatus are discussed. Preliminary tests of ReneN5/MCrAlY/APS TBC coupons in steam/air environments with in-situ HT micro-indentation testing are conducted. Furthermore, the coupon is removed and examined for damage assessment at periodical intervals.IntroductionLoad and depth relationships acquired throughout the indentation process provide insight to material mechanical properties such as elastic modulus and hardness. Unloading segment analysis of these load displacement curves are utilized in the acquisition of a material's elastic properties. Yet, indentation tests are complex processes involving contact mechanics, material nonlinearity and even fracture mechanics. Thus exact analytical solutions for these processes are difficult to obtain. As a result, much of the current knowledge regarding the indentation process has been acquired through experimental methods and finite element simulations. Initial efforts by Tabor resulted in the application of spherical indentation to obtain post-yielding stress/strain relationships [1]. Soon thereafter, analytical load-depth relations for elastic indentation were developed [2], yet it was Lure who further derived the explicit relationships for both spherical and conical indenters [3]. Improving upon this, these interactions were later extended to indenters with various geometries by various researchers [ 4]. Additionally, by establishing the linearity of the initial unloading slope within the load-depth curve, a relationship between elastic indentation depth, maximum load, unloading slope and indenter geometry was established [5]. From this a theoretical method by which elastic modulus could be determined was established."

Jan 1, 2011

There are no large rivers in Western Australia capable of supplying water for processing magnetite ores. If sea water is used there are severe corrosion issues and the requirement to wash the concentrates with potable water. If groundwater is used there is a need to treat the water and sustainability is an issue for large projects because of potential drawdown of the aquifer.If sea water is desalinated the cost of the water is high because of the power requirement. At the same time the necessity to conserve water has lead to flow sheets where all of the tailings have to be filtered to minimise the water requirement.Managing the various water qualities and optimising water recovery and quality has resulted in optimising the water balance and issues meeting environmental obligations. Reverse flotation is a critical final step in reducing the silica level in the final concentrate and requires good quality water.

Jan 1, 2009

By Morgan W. M

It is not the primary object of this paper to treat with the scheme of prospecting in detail, but it is considered that a brief description of the broad lines is necessary so that the significance of the points to be discussed later may be appreciated.The finding of payable gold reefs on the Bendigo field resolves itself into a two-fold problem, firstly the location of quartz bodies, and secondly the location of gold shoots in such bodies. The country rock of the field has been folded and faulted, and the occurrence of known reefs is associated with the fold axes and the faulting. The "lines" of the field are the anticlinal axes, and practically all known reefs are at or near centre country. Very little work has been done on the synclines, which may have some potential value.Quartz has been introduced along the fracture systems, and gives rise to the three main types of reef met with on the field, namely, the "back," which is similar to a bedded quartz reef and is formed along a bedding plane fault; the "saddle," which forms at the crest of the anticline and has the typical shape from which it takes its name; and "spurs," which are irregular masses of quartz, making off reefs of the first two types.As the fracturing throughout the field is widespread and fairly intense, the first problem, that of finqing quartz, is comparatively simple, and any regular system of blocking out the ground will be productive of quartz bodies.*Field Superintendent, Bendigo Mines Ltd. Assistant Field Superintendent, Bendigo Mines Ltd.

Jan 1, 1936

By D. L. Boreck

With increasing land development, the potential of fatalities from abandoned mine shafts increases. To minimize potential liability, shaft closure should be a critical part of mined land reclamation. The Bureau of Mines is conducting research into using lightweight foam concrete in sealing abandoned coal mine shafts. A demonstration seal consisted of a 3m thick foam concrete plug to provide lateral stability inside the shaft. A high density concrete cap provided load-bearing capacity for a 100-year service life. The USBM has also completed research into changes in foam concrete when it is pumped or dropped from different heights. It is concluded from the research that foam concrete can undergo significant air loss with pumping or dropping. This foretells significant changes in the characteristics of the concrete as well as an increase in the weight and cost of the in-place concrete seal. When using foam concrete to seal abandoned mine shafts, care must be taken to minimize air loss during placement.

Jan 1, 1994

By F. S. Wartman

This paper gives an account of the production of ductile-grade titanium powder in 100-pound batches by reduction of purified titanic Chloride with magnesium, grinding, leaching, and magnetic-separation of the reaction product. Apparatus, technique, and methods of controlling product quality are described and some data on operating costs are given.

Jan 1, 1949

The 1965 Lignite Symposium, the fourth in a series and the third sponsored by the University of North Dakota and the Bureau of Mines, was held at Bismarck, N. Dak., on April 29-30, 1963. Them 7 symposia provide a forum for those interested in the technology and utilization of solid fuels, especially lignitic coals. As part of the meeting, a 200-mile field trip was taken including inspection of (1) the 200-megawatt, pulverized Lignite-fired Leland Olds plant of Basin Electric Power Cooperative, under construction near Stanton, N. Dak.; (2) the site of the Glenharold mine of the. Truax-Traer Goal Co., Division of Consolidation Coal Co., where a wheel excavator was being assembled; (3) the operating Beulah mine of Knife River Coal Mining Co., subsidiary of Montana-Dakota Utilities Co., near Beulah, N. Dak.; and (4) the 400-megawatt, hydro-electric Garrison Dam powerplant, near Garrison, N. Dak.

Jan 1, 1966

By Peter J. Tarkoy

A great deal of attention has been directed toward the complexities and inadequacies of exploration and pre-bid geotechnical information for heavy construction projects, differing site conditions, and the adversary relationships which generally develop as a result. The adversary position has been maintained at all cost. The solution is simple, if not easy. The solution requires strict and equal adherence to given principles by all parties involved, throughout the life of the project, from conception to completion. It is necessary to review and redefine some basic concepts, without value judgements, from a context of getting the job done. In a recreated context, the role of truth, judgement, responsibility, and integrity, in exploration, engineering design, construction estimating, and project construction, will be examined. It is suggested that anticipated geotechnical conditions be defined unconditionally. The alternative choice is to give the bidder the opportunity of making the interpretive judgements based on geotechnical data. Similarly, a unilateral method of establishing encountered conditions that are agreeable to both owner and contractor, must be outlined prior to contracting. As anticipated and encountered conditions are firmly and accurately established, significant differences can evaluated based upon limitations specified in the contract documents. Impact of differences on project costs can be fixed by pre-defined methods.

Jan 1, 1983

By M. A. Cocquerel

The future economic necessity of mining copper ores with a high impurity content and increased environmental awareness will require closer examination of the distribution of arsenic within copper smelting processes. A generalized approach is developed which can be adapted to specific projects for the determination of an overall process configuration to satisfy all requirements in a cost effective manner.

Jan 1, 1983

By G Danckert

The key technical theme of ‘orebody knowledge’ has been applied by Rio Tinto in the Pilbara iron ore precinct from 1966, when operations first started there. It forms the basis of present day application, as well as planning for the future.This paper will review how the early towns and mines commenced and how they formed the basis of Rio Tinto’s early operations, on which the Pilbara precinct has been based. A profile of the last decade of Pilbara growth will be highlighted, together with the current integrated network of mines, rail and ports and the next generation of expansions.The paper will specifically describe the Rio Tinto process of significant resource evaluation, including comprehensive drilling programs and the conversion from resource to reserves. It will also describe the overall mine planning process, both from the strategic view, as well as for short-term mine plans.The ability to innovate in resource development will be discussed. This will include not only the technical dimension of changing cut off grades, use of low-grade ores and managing low-grade stockpiling and beneficiation, but also the broader application of new technology and innovation in the iron ore business.

Jul 11, 2011

By Arcy, D&apos Banister

The productive potential of the Nation's principal active and inactive silver mining districts has been evaluated, using 1964 economic conditions and assumed silver prices ranging up to $3 per ounce. On this basis, the United States has an estimated 5 billion ounces of unmined silver, excluding minor byproduct silver in gold deposits. Approximately 3.5 billion ounces are contained in deposits requiring higher silver prices to be economically minable, and about 1.3 billion ounces are in currently operating mines. An analysis of silver consumption trends since 1954 indicates that the free world industrial market will climb to nearly 800 million ounces annually by 1985. U.S. industrial silver consumption has been projected to increase at an annual rate of 4 percent from 1965 to 1985. Average annual increase for the remainder of the free world has been 8.1 percent since 1953; this is expected to level off with an estimated average increase of 5 percent to 1975 and 4 percent from 1976 to 1985. Foreign silver production has, in the past, exceeded consumption, but in 1960 the supply deficit was over 100 million ounces. U.S. production, also traditionally exceeding demand, was suddenly overtaken at the start of World War II. By 1964 the annual deficit, excluding coinage, was over 84 million ounces. World coinage requirements of silver are fast declining and expected to total only 25 million ounces annually by 1985. In fact, coins are already becoming major short-term source of silver to fill the large deficit between industrial demand and current production. The larger, long-term deficit (to 1985, the limit of this study) must be balanced by silver from the hoards and new production from silver deposits. Eventually all of the deficit must be met by new production or silver prices will rise until consumption is greatly curtailed. To balance free world supply and demand, it is estimated that the free world must produce an additional 85 million ounces by 1975 and 375 million ounces by 1985. The estimated proportion expected from U.S. deposits is 17 million ounces by 1975 and 74 million ounces by 1985.

Jan 1, 1969