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By F. Khomamizadeh

In this study, deep cryogenic treatment was applied to A319 cast aluminum samples. Although the cryogenic treatment didn't have any significant effect on mechanical properties of the well degassed and fluxed samples, but the tensile strength of the samples containing a considerable amount of gas and shrinkage defects was improved surprisingly, This improvement was attributed to the strengthening of the a-aluminum matrix which slows down the propagation of the existing defects. There was no significant increase in the hardness after cryogenic treatment, The abrasion resistance of the alloy was improved after cryogenic treatment, by developing a homogeneous protector shield, composed of abrasive grains penetrated into the soft aluminum matrix and kept tight.

Jan 1, 2005

By A. Sacit Saydam

"Induced polarization/resistivity and magnetometer surveys have been carried out over the Casmo molybdenite deposit in mountainous terrain of northern British Columbia. Molybdenite occurs in quartz-bearing fractures with or without pyrite along a zone of hydrothermal alteration and intense fracturing, believed to be a northerly dipping fault zone, within medium-grained equigranular and porphyritic quartz monzonite.The molybdenite-bearing zone is characterized by a significant resistivity low, a metal factor high and a subtle IP low flanked by highs outside the mineralized area. Magnetic trends, indicated by a magnetometer survey, generally parallel the zone and strike direction of the different intrusive phases, and have been helpful in delineating contacts and faults in the area.IntroductionThe Casmo molybdenite deposit is 6 km southwest of the asbestos mining town of Cassiar in northern British Columbia, at an elevation of 1,550 metres. Molybdenite was first discovered during the early 1950s and the first important exploration work was done in 1964. Between 1964 and 1971, about 25,000 feet of drilling was done by various operators, as a result of which 33.7 million tons of molybdenite ore was drill indicated at a grade of 0.123%. In 1979, Shell Canada Resources entered into an option agreement with the former operator, New Jersey Zinc Corporation. Shell completed 27,000 feet of diamond drilling between 1979 and 1980 and ha s reported 75 million tonnes of drill-indicated ore with an average grade of 0.13% MoS2• This paper is a case history of IP I resistivity and magnetometer surveys done over the Casmo deposit during 1979 and 1980."

Jan 1, 1983

By V. Pouyafar

In recent years semi-solid processing of steel alloys has gain more attention among researchers. Production of high quality complex steel parts with higher mechanical properties is the final goal for all these researches. A thorough understanding of the flow behavior of the metal under investigation is the key for a successful process design. The material used in this research is M2 tool steel. The experiments were performed using a Searl-type concentric cylindrical rheometer which is specially designed for high temperature rheological measurements up to 1500 ºC. The rheological techniques were consisted of continuous cooling experiments and isothermal holding and also shear rate step change experiments for different solid fractions. Based on the rheological data a single phase thixotropic model has been derived and adopted to the measured data. The state of the microstructure has been applied through a structural parameter. The model fits well with the experiments.

Oct 1, 2011

By M. Abdellatif

Successful demonstration of The Mintek Thermal Magnesium Process (MTMP) was achieved in November 2004 at the pilot-scale, About 30 tons of magnesium producing recipe was smelted in the DC arc furnace over a continuous operation of 8-days, Twenty-two furnace batching-tapping operations were carried out at a feed rate of 525kg/h and a smelting temperature of 1600-1700°C, The MgO content in the produced slag was as low as 6,7%, and averaged 9,2% MgO, resulting in an overall magnesium extraction of 77%, which reached 87% during good operating periods, Magnesium vapour was extracted at a rate of 70-85kg/h and was delivered to the condenser that was operated at 680-720°C, The magnesium was captured in the condenser crucible in a liquid state, allowing its prompt tapping, More than 3500kg of crude metal were produced over 15 on-line metal tapping operations, On average, a condensation efficiency of 85% was achieved during the entire testwork, which peaked at 87% during steady operations, The quality of the crude metal was similar to, if not better than, that of the Magnetherm's crude magnesium, A pre-feasibility study has indicated that the MTMP has the potential for lower capital and operating costs as compared to the electrolytic process, and therefore Mintek and its consortium partners are exploring opportunities for a commercial production facility.

Jan 1, 2006

By J. D. Bateman

DURING the summer of 1942 several chromite deposits were discovered in the Lac du Bonnet district about eighty miles northeast of Winnipeg. The deposits are confined to the Bird River complex, a folded composite sill of basic and ultrabasic igneous rocks of early Precambrian age that lies to the north of Bird river (1). The outcrop of the sill represents the trace of an easterly plunging anticline, the south limb extending from the northeast bay of Lac du Bonnet eastward to Bird lake, and the other limb, 6 to 12 miles north, lying between Maskwa river and Euclid lake. The south limb of the sill is 20 miles long, and the northern counterpart 15 miles; but its continuity is interrupted by faulting and by the intrusion of younger granite, so that the total length of outcrop of both limbs does not likely exceed 25 miles. The sill is intrusive into early Precambrian greenstones and associated sedimentary rocks. The chromite discoveries have been made at several localities on both limbs of the sill, and in each case at the same geological horizon. The sill comprises an upper layer of hornblende gabbro and a lower layer of serpentinized peridotite, and altogether is from 500 to 3,500 feet thick. The chromite zone is within and near the top of the peridotite layer, and thus about midway of the sill, both of the limbs of which stand nearly vertical. This geological relationship was established early in the exploration of the initial discoveries and served as the basis for successful predictions of later discoveries. The chromite zone probably persists throughout the length of the sill, but its width and chromite content are not everywhere the same. The initial exploration along both limbs of the sill has shown a combined total length of about 12,000 feet of chromite ore varying in width from 6 to 12 feet. In many places the overburden is thick and obscures the continuity of the chromite zone; but as investigation proceeds the known deposits will be extended and new ones will be found. Thus, although a total length of 12,000 feet of ore has been investigated up to the present time, there is an indicated length of approximately 31,000 feet along which the ore is more than 4 to 5 feet wide. This estimate is based on geological considerations and represents a total tonnage in the order of 15,000 tons per vertical foot of depth.

Jan 1, 1943

By Guangyuan Li

A 3-D block-spring model (BSM) has been developed for simulating the behaviour of jointed rocks. The model uses a discontinuous formulation and an iterative procedure to solve the large displacements in jointed and faulted rock masses. The 3-D BSM has been used to simulate mining excavations in jointed rocks around an open pit and underground settings. The applications have demonstrated that it is a practical tool to solve complicated problems of rock mechanics in civil and mining engineering. This model has recently been modified to incorporate complex geological conditions, such as underground water flow (seepage), unstable blocks and the time-dependent behavior of backfill materials. To demonstrate the capability of the 3-D model this paper presents the fundamentals of the 3- D BSM and its application for open-pit mining. A complete computer package BSM3D has been developed based on the 3-D block-spring model. The package consists of a solving engine for numerical analysis and a Windows based processor for mesh generation and results display. The multi-functioned pre-processor provides tools and menus to help users setting up models easily and conveniently. The fully featured post-processor allows users to view the results in different windows and orientations. The graphical results include contours, vectors, animation of rock movement, and the failure state of the rock structures.

May 1, 2001

By G. A. Vissac

In this paper we intend to deal particularly with the economic side of coal washing as it applies to our mines. We will then discuss why the dry-cleaning process has been selected, and give a brief description of our plant, dwelling only on its specific features and referring the reader to the numerous papers published on the subject for any details on the principles and machinery used in dry cleaning. ECONOMIC DISCUSSION The washery introduces an extra cost for depreciation, operation, and loss in treatment. A certain proportion of the coal, now being sold, and which the miners have been paid for. will have to be wasted. As a whole, the total increase in cost would be approximately 60 cents per ton. On the possibility of recovering this amount depends the success of the washery. There are two advantages to be expected from the washery, the first, which occurs at the mine and which will be certain; the second, more difficult to estimate, because it depends upon convincing our customers that they should pay more for a better product.

Jan 1, 1924

CSIRO Minerals, in association with the AJ Parker CRC for Hydrometallurgy, has an active program of hydrometallurgical research in which physical and computational modelling are used to better understand and improve a range of different unit operations. The modelling is based on flow simulation (Computational Fluid Dynamics or CFD), but incorporates other physical and chemical phenomena of importance, such as droplet break-up and coalescence, species transport and reaction. This paper reviews some of the major projects that have been undertaken at CSIRO Minerals and will illustrate the critical importance of hydrodynamics to the performance of unit operations and the improvements that can be made to performance using such modelling techniques. Unit operations that are discussed include solvent-extraction, gravity thickeners, flotation cells, bio-heap leaching and stirred tanks.

Jan 1, 2005

By N. J. Contini, R. W. Knopp

"In March 1988, old Denver flotation cells were removed from Dickenson's Arthur w. White Mill, and a new flotation circuit, consisting of four Prochem rougher cells and a Hydrochem agitated cleaner column, was commissioned. The refractory portion of the gold in the ore is associated with arsenopyrite, therefore the flotation circuit is set up to produce a saleable sulphide concentrate. Tailings from the leach circuit are conditioned prior to being pumped as feed to the flotation circuit. The prototype Hydrochem agitated column has been in operation as a single cleaner stage for rougher concentrate. The effect of flotation circuit changes on gold recovery data, as well as cleaner concentrate production, and development work to achieve the target results, have been investigated. Flowsheet modifications and the resulting circuit performance data, along with test results to date, will be presented.INTRODUCTIONThe mill is capable of treating 1000 stpd of ore averaging approximately 0.30 oz/ton Au. The ore is crushed and ground to 75% - 200 mesh. Gravity concentration, cyanidation, and Merrill - Crowe precipitation yields 84% gold recovery. Detailed descriptions of the comminution, gravity separation, and leaching circuits, as well as background information have been presented elsewhere (Suttill, Van Weert et al). The target cleaner concentrate grade is 1.0 oz/ton Au for custom smelting and refining. Historical gold recovery values of the old circuit was approximately 20% of the gold present in the float feed at the target grade. The recovery value objective set for the new circuit during the planning stages was 50% of the gold present in the flotation feed at 1.0 oz/ton Au in cleaner concentrate."

Jan 1, 1989

By C. R. Edwards, D. R. G. Watt

"Equity Silver Mines Ltd. a member of the Placer Development group of companies operates Canada's largest silver mine near Houston in north-central British Columbia. Initially, the silver-gold-copper flotation concentrate contained excessive levels of antimony and arsenic, so a leach process was installed to remove undesirable metals and provide improved smelter terms for the leached concentrate. The leach plant which has been fully described elsewhere (1, 2, 3), was forced by deteriorating process economics to shut down in April 1984. Equipment was mothballed and alternate uses sought.The Endako Mines Division of Placer Development Limited, located some 150 kilometres east of the Equity mine site, shut down its molybdenite mining and milling facilities in the spring of 1982. Endako has continued to produce molybdic oxide (molybdenum trioxide or MTO) via intermittent roaster runs, and also a high purity, lubricant grade molybdenum disulfide in the Ultrapure Plant. With the steel industry in the doldrums, molybdenum chemicals present an alternate and growing potential for molybdenum sales. In 1982 Placer Development began testing this market. Molybdenum chemicals were produced in the United States on a toll basis using Endako MTO as process feed. The transfer of this production to Canada was being considered when Equity's leach plant shut down, and it was noted that most of the equipment and skills necessary could be provided by the leach plant. See Figure 1.A careful investigation of process requirements was completed by engineering and production staff at Equity and Endako. A provisional capital and operating cost estimate was made, and it was decided to perform a test run during July 1984. There were strong reasons to proceed with this project. A positive cash flow was expected for both Endako and Equity. Endako would have product to continue to expand in the molybdenum chemicals market with the added selling point that now the complete production process would be under direct control of Placer Development companies. Equity would further benefit since a portion of the leach plant would continue in operation thus maintaining and exercising our hydrometallurgical engineering and operating skills. Finally, Equity would have a base from which to search out other processes adaptable to the idled leach plant equipment."

Jan 1, 1986

By R. E. Whitehead

"Abstract - Alkali-alumina and MgO-alumina plots are an effective instrument for displaying chemical and mineralogical compositions of altered and unaltered rhyolites and rhyodacites. They reveal that most supposedly unaltered rhyolites, apart from those of Cenozoic age, have undergone losses in Na2O and gains in K2O. The extreme loss of Na2O from highly altered rhyolites immediately adjacent to VMS deposits is strikingly illustrated by alkali-alumina plots. MgO/Al2O3 vs. K2O/Al2O3 diagrams display a strong negative correlation between MgO and K2O that results from the conversion of sericite to chlorite. A similar negative correlation between MgO and whole-rock d18O is apparent on plots of these two parameters. Alkali-alumina plots underscore problems in selecting appropriate precursor compositions required for mass-balance calculations. Molar ratio plots are a viable alternative to such calculations. Sommaire -Les diagrammes alcali-alumine et MgO-alumine constituent un instrument efficace pour la représentation des compositions chimiques et minéralogiques des rhyolites et rhyodacites altérées et fraîches.Ces diagrammes révèlent qu’à l'exception de celles d’âge Cénozoïque, la plupart des rhyolites qualifiées de fraîches ont subi une perte de Na2O et un gain de K2O. L’intense perte en Na2O que l’on note dans les rhyolites fortement altérées associées aux gîtes de type SMV est particulièrement bien mise en évidence par le diagramme alcali-alumine. Le diagramme MgO/Al2O3 vs. K2O/Al2O3 montre une forte corrélation inverse entre le MgO et le K2O due à la conversion de la séricite en chlorite. Une corrélation inverse analogue entre le MgO et le d18O de la roche totale s’observe sur un graphe comparant ces deux paramètres. L’usage du diagramme alcali-alumine fait ressortir combien il peut être difficile de choisir un précurseur de composition appropriée pour des calculs de balance de masse. Les diagrammes de rapport molaire constituent une alternative à de tels calculs."

Jan 1, 2006

By H. J. lgner

Hydraulic fills are widely used in the tabular, steeply dipping stopes of the South African gold and platinum mines as an integrated process within a daily cycle of drill and blast. There is therefore only a small time window in which to fill the geotextile bags used as primary fill containment, without the risk of loosing production. Consequently, mines tend to increase the flow rate to the stopes, although this compromises adequate drainage, consolidation and strength development during filling. Recent underground measurements inside the geotextile bag have revealed that at high rates of rise and at 25 degrees dip, the backfill can remobilise within a limited area inside the geotextile bag during filling. This sudden downward surge of backfill exerts, for only a few seconds, additional loading on the geotextile, its supporting mesh and the props. This unstable behaviour poses a serious threat as it can push props out of place, thereby damaging the geotextile bag and causing a mud slide in the stope. To reduce the risk of accidents, the phenomenon of sudden slumping was further investigated for various filling conditions in the laboratory. The results confirmed that the maximum pressures associated with the sudden slumping can be more than five times those experienced during steady-state consolidation. Based on this new insight, the current best practice for hydraulic backfilling was critically reviewed. A practical approach to implementing meaningful standards is presented to ensure safe operations in relation to the consistency of the backfill quality and the appropriate matching of geotextile characteristics with backfill properties.

May 1, 2007

By L. A. Homeniuk, R. J. McH. Clark

"The Maurice Bay deposit, the Stewart Island showing, the Fond-du-Lac deposit, the Middle Lake showing and the Nisto deposit are located on the North Rim of the Athabasca Basin. They are probably unconformity-related. These occurrences tend to be small. The Fond-du-Lac and Maurice Bay deposits are the largest and contain 450,000 kg and 650,000 kg of U10 8 respectively.Pitchblende is the main uranium mineral of all the occurrences, except at Middle Lake where autunite predominates. A II of the deposits are overlain and partially hosted by the Manitou Falls Formation of the Athabasca Group, except the Nisto deposit which is entirely within basement rocks, and the Maurice Bay deposit which is partially within the basement and overlying the Fair Point Formation of the Athabasca Group.The North Rim deposits are considered to be genetically similar to the other unconformity-type deposits found in northern Saskatchewan. It is suggested that a mechanical concentration of uranium may have occurred in heavy mineral beach sand type placers. The stability of the uranium minerals may have been enhanced by special local conditions. The fossil placers, after hydrothermal alteration and enrichment, would form the apparently ""rootless"" occurrences of uranium found totally within the sandstones above the unconformity.IntroductionAt least five deposits and showings and one train of mineralized glacial erratics of unknown provenance have been located on the North Rim of the Athabasca Basin from Maurice Bay in the west to Black Lake in the east. Distributed over a distance of 250 km, (Fig. l), they occur near the edge of the Basin, and are probably unconformity-related. The following have been identified from west to east (Fig. 2): The Maurice Bay deposit, the Stewart Island showing, the Isle Brochet train, the Fond-du-Lac deposit, the Middle Lake showing, and the Nisto deposit."

Jan 1, 1986

By William G. Pariseau

"This contribution describes linkage of stress concentration at the face of tabular excavations, for example, longwall coal mine panels, at a meter scale to surface subsidence at a kilometer scale. Joints are considered according to orientation and spacing at an intermediate scale. A new dual-node, dual-mesh technique based on first principles uses a multi-scale technique that allows for computing whole mine surface subsidence while also allowing for computational details of stress, strain and displacement about main entries and pillars, panel entries, and bleeder entries. The technique is implemented in a conventional continuous Galerkin finite element program that has been in use for many years.The advantage of the dual-node, dual-mesh technique is the capability to do a whole mine analysis that takes into account interaction between all sections of a mine where stress transfer over long distances is often the rule rather than the exception while at the same time allowing for details of stress concentration at working faces where caving is initiated and subsidence begins. The technique, outlined recently during ARMA 2014 (Pariseau, 2014), is applied to an underground coal mine in central Utah where mines are developed from outcrops in steep canyon walls. Meshes contain over 10 million, three-dimensional nodes; runtimes are typically overnight, as a practical matter. Results compare favorably with mine subsidence measurements made over a period of several years and show the capability of this new technique to provide useful design guidance for tabular deposits such as underground coal mines. The role of variability or uncertainty in strata properties is illustrated in element safety factor distributions about development, bleeder and main entries and pillars. Such details are new in this contribution. Energy tracking for mine-induced seismicity is also new. Results show a high correlation between number of events and failed elements and suggest a simple index to mine induced seismicity."

Jan 1, 2015

By N. R. Andrade-Gonzalez

In this paper, the effect of magnesium and strontium additions on the heat treatment behaviour of cast A319,2 alloy was investigated, Permanent mold samples were heat treated at 495 °C for 4 and 24 h, then quenched in hot water and aged at 180 °C and 220 °C for different temperatures, It is found that multiple aging peaks are present in the age-hardening curves of Al-Si-Cu alloys, mainly when Mg and Mg-Sr are added, The results of electron probe microanalysis (EPMA) observations reveal that the age-hardening behaviour is related to the precipitation sequence of alloys, For the Al-Si-Cu alloy, the first aging peak is the result of the high-density GP zones, while the subsequent peaks arise from metastable phases, Obvious intervals during the transition from GP zones to metastable phases may be the main reason of the formation of multiple aging peaks, It is seen that addition of Mg (-0,40 wt %) leads to the precipitation of coarse Al5Mg8SioCu2 particles. When modifying the high Mg alloys, Cu-intermetallics segregate in areas away from the growing Al-Si eutectic regions, Modification with strontium retards the precipitation of the silicon out of the matrix.

Jan 1, 2005

By A. Galip Ulsoy, K. V. S. Sastry

"This review paper is intended to provide, the mineral process engineer with an introduction to the concepts, terminology. and practice of mineral process control. It also provides an extensive sampling of the vast body of literature relevant to this topic. The topics discussed include the principles of automatic control, instrumentation, mineral processing unit operations, process modeling and simulation, and process and plant control. IntroductionEconomically accessible higher-grade ores are being rapidly depleted, and at the same time the demand for mineral raw materials continues to increase. Mineral recovery from the remaining low-grade or finely dispersed ores requires grinding for liberation. High energy consumption during grinding and poor efficiency associated with the beneficiation of fine minerals are two important problems facing the mineral industry . These problems, coupled with advances over the last 10 to 15 years in the areas of process modeling, instrumentation, computer technology and control theory, have made automatic control of mineral processing systems an important research area(23,52,66,67,120,129,152)."

Jan 1, 1981

By H. Thalenhorst

For an advanced mineral exploration project that has a ?nugget? issue making the assessment of the deposit grade difficult, a bulk sampling program using a sample tower can provide information that is otherwise not obtainable prior to actual production. This information includes the verification of predicted resource grades for the bulk sample tonnage (and, indirectly, of the methods and parameters used for the grade estimate), confirmation of the physical and grade continuity of the mineralization, and geotechnical data for a future mining operation. The information gathered will improve the input of a feasibility study, particularly with respect to expected mining grades, which are the key economic parameter for most mining projects. The bulk sample rejects can be used for pilotscale metallurgical testwork. Bulk sampling is also useful in cases of potentially biased drill-hole assay results and in the reliable determination of ore grade before shipment of ore from production or development operations to an external beneficiation plant. This paper presents a practical bulk sampling and sample preparation protocol, lists design features for the sample tower, examines the sampling errors that will be encountered, provides information on quality control procedures, and looks at the costs and benefits of such a program, based on the experience of undertaking bulk sampling programs during the period of 1985 to 2008.

May 1, 2010

By J. -C. Sztuke, M. Cao

ABSTRACT Wash water and polyethylene oxide (PEO) were used in the flotation of quartz and coal. Wash water decreased entrainment of –15 µm quartz. The optimum superficial wash water rate was 0.05 cm/s. PEO also lowered entrainment. The combination of wash water and PEO led to a slight further reduction in entrainment. For 1:1 mixtures of –15 µm quartz and –300 µm oxidized coal, the combined use of wash water (0.05 cm/s) and PEO increased the separation efficiency from approximately 30% to > 70%, whereas wash water alone at 0.05 cm/s did not lead to a discernible increase.

Jan 1, 2014

By Richard W. Lawrence, Richard Poulin

"Numerous processes co-exist for metal extraction and for metal removal from effluents of mining operations. Each process enjoys an economic advantage, including environmental cost and benefit, if utilized in a specific situation. This applies equally to biohydrometallurgical processes. This paper will analyze four types of biohydrometallurgical processes for their economic and environmental attributes: biooxidation of refractory gold, extraction of copper from sulfide, metal removal from effluents by active sulfate reduction, and metal removal by the use of wetlands. By examining the economic and environmental advantages of these processes, generalizations can formalized and it becomes possible to define niches of application where biohydrometallurgy can be considered. Our analysis shows that biohydrometallurgy can be efficient at small scale, be more environmentally friendly than conventional technologies and is relatively easier to operate. The higher financial risk associated with unproven technologies at the commercial scale is being eliminated as biotechnology-based plants are put into production.IntroductionBiotechnology can be described as the rational exploitation of the activities of living cells or parts thereof, requiring an integrated multidisciplinary approach between biological and technical disciplines. Microbiology, biochemistry, botany, molecular biology, chemistry and engineering all contribute to practical applications in the extraction, manufacturing and service industries, and in environmental management. Considerable commercial success of biotechnology has been achieved in several sectors, including health care, agriculture, forestry and aquaculture.Over the past 40 years, industry, research organizations, government laboratories, and universities in a large number of countries have participated in investigating the utilization of biotechnology applications in mining. Today, several technologies are used commercially in well understood and engineered systems which can be grouped under the term biohydrometallurgy. Many more technologies have been demonstrated at laboratory or pilot plant scale. Although initial developments and commercial applications were aimed at metal extraction, the dramatic increase in environmental awareness, the practice of sound environmental management demanded by more stringent regulations over the past decade, and the need for low cost treatment in perpetuity, has led to serious investigation of biotechnology for environmental control. In addition, increasing power costs, lowering of ore grades, and decreasing commodity price in real dollar terms require the use of highly efficient and competitive extractive technologies."

Jan 1, 1998

By H. R. Stoger

"In 1994 world trade grew by 9%, the fastest annual increase since 1976. Dry cargo shipping rates are at an all time high.Panamax size bulk carriers are receiving19 000 US dollars per day for trans Atlantic round trip voyages. This is good news for the ship owners but not such good news for the industrial users of ocean shipping.The main emphasis of this paper will be on bulk carriers, the charter market and what industrial companies can do to reduce their costs of ocean transportation which is critical to Canadian exporters. Let us look at the charter market in general.Bulk carriers come in four main sizes:1.The Capesize bulk carriers of 110 000 to160 000 tons that are primarily used to transport iron ore and coal;2.the Panamax bulk carriers of about 70 000tons dwt. This is the largest size (with a beam of 105 ft) that can transit the Panama Canal.3.the Handymax bulk carriers of 40/45 000tons dwt; and4.the Handysize bulk carriers of 20/35 000tons dwt.The handysize vessels are usually craned or geared and carry a variety of bulk cargoes including steel. Ship sizes have increased over the years and the mining industry now uses primarily capesize or Panamax bulk carriers.International chartering is conducted through an international network of shipbrokers. There is usually one broker representing the ship owner and another broker who represents the charterer. The major chartering centers are London and New York but a great deal of chartering activity is conducted in regional markets such as Hongkong, Oslo, Montreal and Hamburg.The Biffex Index or Baltic Freight Index is a good measure of dry bulk freight rates. The Biffex is composed of ten major routes. In May1995, the Biffex was at 2310 points. A year earlier it was at 1354, an increase of about 56%."

Jan 1, 1996