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By Dr. O’Neil Thomas J., Donald W. Gentry

Who steals our gold and silver, and copper, zinc and lead? Who takes the joy all out of life and strikes our high hopes dead? Who never wrote a schedule that to anyone else was clear? The sulphur-belching, miner-welching, smelter engineer. -Anonymous From "The Engineer," Engineering & Mining Journal, Apr. 13, 1918 INTRODUCTION A striking characteristic of publications devoted to the principles of engineering economy and investment analysis is that the revenue side of the equation is generally either ignored entirely or addressed only in a superficial manner. This is understandable to a degree in the general case because methods of revenue estimation are highly dependent upon the specific type of project under consideration and the nature of the market served. An important contributing factor, however, is that developing estimates of future sales prices for most products is a risky activity which is less amenable to credible quantitative modeling than other topics in investment analysis. The specific subset of capital intensive investments addressed in this book- mining projects-is particularly sensitive to projections of mineral prices, many of which are notoriously volatile. Furthermore, the unique nature of mineral markets, prices, and product specifications occupies a major role in mineral project evaluation. Even here, however, authors have tended to offer little assistance to the reader in estimating project revenues. For example, the most popular mining engineering textbook for four decades, Elements of Mining (Lewis and Clark, 1967), contains the following advice on estimating future mineral prices (pp. 359-360): "Since the life of the mine will extend over a number of years the future price of mineral products must be estimated in order to calculate the probable profit to be realized. Current prices may be used, but it is preferable to take the average price for the past 25 to 35 years as it covers definite business cycles. Some engineers believe that a mine should make a small profit if its highest-grade ore is marketed at the minimum price during the past 35 years. Business

Jan 1, 1984

By Lap-yan Chan

Chan and Goodman (1983) presented a procedure for simulating joint traces and identifying key blocks on an excavation. This paper defines six measures of support requirements that characterize the number and dimensions of key blocks, taking into account the frictional properties of joints and actions of support systems. When correlated with case histories, these measures of support requirements can help in choosing an optimal design for shallow excavations in discontinuous hard rocks.

Jan 1, 1984

By B. Stimpson, D. M. Ross-Brown

Borehole information is often the only source of information on rock conditions at depth during the stage of feasibility studies of a project, and from this data the rock mechanics engineer would like to make some quantitative estimates of rock mass cohesive strength. While judgement and experience will usually play a paramount role at this stage, simple tools for estimating rock mass cohesive strength would be an asset. In this paper, an approximate technique is suggested for assessing the cohesive strength of a randomly jointed rock mass from borehole data on fracture intensity and intact rock strength.

Jan 2, 1979

By Dermot Macaragh Ross-Brown, Brian Stimpson

Borehole information is often the only source of information on rock conditions at depth during the stage of feasibility studies of a project, and from this data the rock mechanics engineer would like to make some quantitative estimates of rock mass cohesive strength. While judgement and experience will usually play a paramount role at this stage, simple tools for estimating rock mass cohesive strength would be an asset. In this paper, an approximate technique is suggested for assessing the cohesive strength of a randomly jointed rock mass from borehole data on fracture intensity and intact rock strength.

Jan 1, 1980

By Dermot Ross-Brown, Brian Stimpson

The use of point load test data by the authors to estimate rock mass cohesion is a very ingenious approach. It must be emphasized that this estimate is indeed only an estimate since the point load strength index employed to predict the uniaxial compressive strength (and subsequently predict the cohesion) is likewise only an estimate.

Jan 11, 1979

By F. F. Aplan

INTRODUCTION Coal is a solid combustible mineral substance resulting from the alteration of vegetable matter largely in the absence of air. It occurs in nature with varying percentages of mineral matter associated with and incorporated into the coalified material. If the amount of this inorganic mineral matter is sufficiently small, and if selective mining can be practiced so as to avoid the incorporation of ash- bearing material from adjacent strata and/or parting seams, the coal can be used as-mined. Otherwise, it must be given a preparation treatment. In 1980 the bulk of the approximately 525 coal preparation plants were located in the eastern half of the U.S., largely in the Appalachian and to a lesser extent in the midwest coal fields (1). Only 17 of these preparation plants were located in the west; these were in Colorado, New Mexico, Utah, Washington and Wyoming. In the past, however, a great many more preparation plants were operated in these and other western states. The upsurge in both the domestic and world- wide demand for quality coking and steam coal will certainly lead to an increase in the number of preparation plants in the west. In fact, there has been a massive development of coal mines and their associated preparation plants across our northern border in Alberta and British Columbia, largely to serve the export coking and steam coal market. Most of the tremendous increase in newly-mined coal in the western U.S. has come from thick seams of inherently low-sulfur, low- ash coal, easy to mine selectively without significant contamination with ash-forming minerals and requiring no preparation. Because of

Jan 1, 1983

By P. R. Bradley

This paper gives a brief history of the mining and milling operations in the Juneau gold belt, and a general description of the geology of the district, followed by a suggestive discussion of the general problem of sampling gold ores and a detailed description of the mining methods used in the Alaska Juneau mine. The paper indicates that variations in assaying ore similar to that from the gold belt are unavoidable on account of the erratic distribution of the gold. A caving system that accepts dilution was adopted for the Alaska Juneau mine; the ore is sorted and the final mill feed has nearly twice the assay value of the ore trammed. THE property of the Alaska Juneau Gold Mining Co., covering the Juneau gold belt for over a mile in length, consists of 136 claims and 24 mill sites; these are near Juneau, Alaska, in what is known as the Harris mining district.

Jan 3, 1924

By W. H. Basssett

THE amount of oxygen present in refined copper bears an important relation to the effects of various impurities on physical properties of copper, as well as the effects of reducing gases at higher temperatures. It seems fitting at this time, when the effects of reducing gases on copper are being discussed, to describe methods that have proved satisfactory for the determination of oxygen and sulfur, and to present some results obtained by investigation of these methods in the authors' laboratory. The procedure for the determination of sulfur is closely interrelated with that for oxygen and has, therefore, been included. It was first proposed by Hamper that oxides in copper could be accurately determined by the loss in weight sustained by finely divided copper when reduced at red heat in pure hydrogen, or by the weight of water produced. Hampe's method was later modified by Archbutt,2 who established the accuracy of the method and demonstrated that equally accurate results were obtained by noting the loss in weight or by weighing the water formed. The determination of oxygen by heating in carbon monoxide has been proposed by West.3 In our hands this method has given slightly lower results than obtained by heating in hydrogen.

Jan 2, 1926

By P. P. Gregory

ESTIMATION of re- serves in prorated sand fields has been discussed by S. A. Judson, H. D. Easton, Jr., and W. A. Schaeffer, Jr., in a paper that appears in Vol. 114 (1935), of the A.I.M.E. TRANSACTIONS. The purpose of this present paper is to extend the investigation to prorated flush limestone fields and to outline a method of procedure in determining the amount of oil originally in place and the amount of oil that can be recovered from such fields. Although it is possible to use the decline curves to estimate the amount of recoverable oil in certain limestone fields that are allowed to produce the oil at or near capacity production, such a method cannot be used in fields under severely restricted production rates. The problem is exceedingly complex due to fluctuation in the allowable rates of oil production over a wide range and at frequent intervals, and especially because of the heterogeneous nature of the reservoir itself. A well completed in a large solution cavity, capable of producing great quantities of oil per day, may be offset by a well of very limited capacity. Also, it is di5cult to arrive at an average figure for porosity in a given limestone reservoir due to abrupt variations in the character of limestone, in many instances even between two ad- joining wells. It is a safe statement that uniformity of porosity and permeability in limestone reservoirs .is nonexistent. It is evident, therefore, that the method of estimation of re- serves on the basis of per-acre content can give only approximate results.

Jan 1, 1935

By William G. Pariseau

A design procedure for the quantitative estimation of support load requirements in underground mines is presented. The central problem in the design of mine support is one of es¬timating a maximum load that the ground will exert on the support in the coarse of mining. The distribution of stress around mine openings changes as mining progresses. At the time of support installation, the support load is essentially zero. With the passage of time and advance of the face, ground motion loads the support. The finite element method of analysis provides a simple quantitative technique for simulating the effects of mining and face advance on support load requirements. In particular, the maximum support load can be estimated by the proposed design procedure.

Jan 1, 1978

By Richard Klimpel

In this paper various formulae are developed which can be used to estimate stream flow rates or weight ratios given information on the stream components. The type and level of experimental error present in the stream component analyses does have an important bearing on the numerical values (and reliability) of the weight ratios calculated by the various formulae. A simple but theoretically sound method is shown for selecting appropriate estimation formulae for any given engineering operation. The derived formulae are applied to sets of experimental classification data for illustration purposes.

Jan 1, 1980

By Fulton Flick

THE micrography and macrography of aluminum and its alloys present certain difficulties. Many of the difficulties attendant on the micrography have been removed by methods developed during the past few years, notably those of E. H. Dix, Jr.1 The development of grain size in aluminum and its alloys may be equally troublesome, yet comparatively little detailed attention appears to have been given to it. Satisfactory reagents. are available for the development of such structures in ferrous and most non-ferrous metals, but those applied to aluminum and its alloys, i. e., alcoholic or aqueous solutions of sodium hydroxide or hydrofluoric acid are not entirely satisfactory. Hanson and Archbutt,2 in speaking of these two reagents, state that "These two reagents give fairly satisfactory results, but they sometimes produce badly tarnished surfaces from which the surface deposit is difficult to remove." It has been our experience that neither of these reagents is to be entirely relied on for developing structures suitable for study or photography. This means that when the etch fails to produce satisfactory results the, specimen must be repolished, through the 000-paper at least, and then etched with another reagent. This procedure entails a con¬siderable loss of time, and the final results may not be all that might be desired. However, the reagent to be described, although not a panacea for all etching troubles, has improved results so markedly that it is felt that it is worth offering as a grain-size etch generally applicable to aluminum and aluminum alloys. Czochralski3 in 1915 mentioned the application of a solution of 10 to 20 c. c. concentrated hydrofluoric acid in 100 c.c. absolute alcohol, etching in this reagent being followed by dipping in concentrated hydrochloric-acid solution.

Jan 2, 1925

By AIME AIME

WHEN a local man has attained high position in business and civic affairs at home, his fellow citizens feel elated if his attainments are given recognition in the form of election to office in an organization of national scope. Eugene Ainsworth White, a new Director of the Institute, is one of the must prominent citizens of Tacoma, where for the past thirteen years he has managed the Tacoma Smelter of the American Smelting and Refining Co. A list of the civic duties he has carried with distinction would be a long one; for recent years it would show that he has been chairman of the Community Chest, vice-president of the Chamber of Commerce. and a member of the Pierce County Taxation Bureau.

Jan 1, 1945

By AIME AIME

TO attempt to say anything adequate about Eugene McAuliffe as a human being, engineer, or executive in this brief space is ridiculous, for one could extol his virtues at length in all three catagories. Too, one might dwell on his good humor, and also his modesty, for lie did not wish even these few words to be said, "having no illusions regarding either ability or achievement, not even blessed with good looks." Mr. McAuliffe was born in England just seventy years ago. Twenty years later he started at the bottom with the Northern Pacific, gradually being promoted to locomotive fireman, engineer, and so

Jan 1, 1936

By AIME AIME

EUGENE McAULIFFE will be the fifty-ninth man elected President of the Institute. Looking back to the first President, David Thomas, and reading Dr. Raymond eulogy of him, written eleven years after lie had served his term, we cannot help but feel that Mr. McAuliffe is much the same type of man. Like Mr. Thomas. Mr. McAuliffe takes office in his middle seventies the first President was 76 and our new chief will be 75. Dr. Raymond said A Mr. Thomas: " .. those of us who attended the first few meetings of the Institute ... will bear witness that his indomitable agility, activity and

Jan 1, 1941

By Ingvar Janelid

13.7-1. General. Iron ore mining in western Europe is mostly carried out underground and only a minor part is mined by open pit methods. Actual open pits of importance in this connection are, among others, Svappavaara in Sweden, Mo i Rana and Sydvaranger in Norway, Corby Mines, Colsterworth, and Scunthorpe in Great Britain, and in western Africa, Nimba and Bong Range in Liberia, and Kedia d’Idjil in Mauritania. The open pit mines of western Africa are of great interest in this connection as they are designed according to European practice and have accepted the same techniques, methods, equipment, etc. as the European mines. In the surface mining of limestone, granite, shale, etc., the technical conditions generally are similar with those in the iron ore mines. Some information will therefore be submitted from typical quarries. The geological conditions at the various iron ore mines and limestone and other quarries vary extensively. In Scandinavia the iron ores occur exclusively in Precambrian rocks. The ore is hard, mostly magnetite or hematite, folded and steep dipping, and hence accessible to surface mining only in the shallow sections. In the mines referred to, open pit mining will last for another 10 to 30 years, whereupon mining has to be continued by underground methods. In France the Minette iron ore has previously been mined in open pits but, because of increased overburden, mining underground with room and pillar methods now dominates. The iron ores are Jurassic, flatlying strata of oolitic type, containing chamosite, siderite, and brown hematite. The British iron ores are mostly of the same origin and appearance as the French deposits, but despite heavy overburden they are preferably mined from the surface. In western Africa, the iron ores are of the same type as in Brazil, i.e., itabirites with high-grade portions resulting from silica-leaching and weathering. The ore contains mostly brown and blue hematite and magnetite. Nimba and Kedia d’Idjil are very similar regarding ore quality and geology. Bong Range is a deposit of low-grade ore which has to be concentrated.

Jan 1, 1968

By Meissner, C. A.

THE tendency all over Europe, just as it is with us, is to go to the use of turbines for new construction or replacement of old steam or even gas engines. 'The lower construction cost and the lower operating cost, when they can have high steam temperatures and pressures, together with their efficiency, is the cause of this change to turbines, both high and low pressure. The present trend is to equip plants with modern, efficient steam boilers, turbines, etc., and gradually work into high-pressure superheated steam equipment to accomplish a saving. One company has just completed a 375 to 400 lb., 700 deg. superheated steam installation and turbo-blowers with this end in view. Some of our new steam plants are using 350 lb. working pressure.

Jan 1, 1928

By Edwin A. Rides

HISTORICAL ORIGIN OF THE EXPORT CREDIT AGENCIES Almost since the inception of international commerce sellers, having manufactured and/or sold and shipped goods to an overseas buyer, have been obliged to accept the risk that they will not be paid for one reason or another. There are many reasons why payment may not be forthcoming, for example, the goods may be lost at sea, or rejected by the buyer or the buyer nay simply not be creditworthy. These risks were brought into sharp relief as international trading became more sophisticated and the practice of giving credit to buyers gathered momentum. Inevitably enterprises sprang up which offered same mitigation of this exposure, accepting houses and later confirming houses and banks were prepared to assure acceptable credit risks an behalf of the seller, usually by discounting trade paper, and for many years the market ticked over reasonably satisfactorily. However, after the 1914-18 War international trade was at an extremely low ebb and its inherent risks were accentuated to a point where they were often commercially unacceptable. Yet a healthy and vigorous international market was indispensable to recovery of the world economy and a number of governments, led by the United Kingdom, perceived a need to offer their exporters a comprehensive form of insurance, particularly to facilitate the extension of credit to foreign buyers. In the United Kingdom the Export Credits Guarantee Department (ECGD) was set up to encourage trade through the provision of export credit insurance. Over the ensuing years others followed suit and now most of the developed trading nations and many developing nations have similar agencies. PRESENT DAY IDLE OF THE EXPORT CREDIT AGENCIES (ECAS ) Traditionally then the BA's role was to encourage trade through the provision to exporters of insurance against the risks of non-payment by overseas buyers of their goods and services. However, during the 1970's the manufacturing industries of most of the developed nations found themselves facing severe competition for business, particularly in the developing world. As a result the more aggressive ECA's began to introduce ancillary forms of cover designed to reduce exporters' risks outside of the credit field. For instance, most of the European agencies now have a form of cover against foreign exchange risks here contracts are denominated in currencies other than that of the exporter's country. Most of the agencies also provide cover to exporters against the risk of unfair calling of bid, advance payment, performance bonds etc and in certain countries, where high inflation rates were endemic, a form of cover against cost escalation. In certain circumstances it is also possible for an exporter to obtain cover against losses arising as a result of the involvency of a partner in a consortium or joint venture. These are all forms of insurance but, also during the 1970's, many of the national export credit programmes took a major step away from their original raison d'etre by facilitating the provision of preferential financing terns for the acquisition of capital equipment by an overseas buyer. This new line of business quickly became an important ingredient of major export financing packages and, as we shall see later, turned out to be extremely costly for the countries providing it.

Jan 1, 1985

By David, Levinger

THESE observations of the metal-working industries of Europe are based on a three months' tour of eight countries of Europe, in which 75 industrial establishments were visited in England, France, Germany, Belgium, Holland, Italy, Austria and Switzerland during the summer of 1927. Since the Western Electric Co. is a large consumer of copper and brass, these industries were of particular interest and differences in practices were of keen interest to us.

Jan 1, 1928

By H. R. Hose

Total crude fluorspar reserves in western Europe, containing more than 35 pct CaF*, are estimated at 12 million metric tons, while reserves in the USSR and Soviet sphere may exceed 5 million metric tons. The bulk of these reserves are concentrated in the USSR, Spain, United Kingdom, Western Germany, and Italy. Since published estimates of the tonnages of individual mines and explored deposits are not available for most countries in Europe, the estimates given in Table I for individual countries are necessarily approximate, as they have been compiled from various sources and modified and combined according to the author's judgment. The majority of fluorspar deposits in Europe belong to the late Paleozoic metallogenetic epochs and have been found within or along the borders of the Hercynian massifs. Deposits in the Central and Esterel massifs of France, those of Western and Eastern Germany, Sardinia, the Catalonian coastal range and the Sierra de 10s Santos in Spain, and those of Devonshire and Cornwall belong to the Hercynian metallogenetic epochs. The deposits in southern Norway and Sweden belong to the middle Paleozoic or later, those of northern England to the late Paleozoic or later, those of northern Spain and Greece to the late Mesozoic, and those of northern and probably central Italy and Switzerland to the early Tertiary. Fluorspar occurs typically in veins, lenses, and stringers, but also in bedded replacement deposits and pockets, and may be colorless to white, yellow, green, pink, brown, blue, or purple to almost black. Except for the colorless variety, the only kind which can be used for the optical industry, the color of the fluorspar does not affect its ultimate use,

Jan 4, 1955