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By L. von Ketelhodt

During the period October 2003 to June 2004, a containerized optical sorting pilot plant was operated at Kloof Gold Mine on a waste rock dump. In this paper, we describe the test work and its results leading to the decision to operate this pilot plant. This paper presents the operational data and financial figures achieved during this project, in particular, for the month of June 2004 when the plant was run at full capacity on three shifts, 24 hour operation. These results are also extrapolated and presented to show the profitability of such an operation at today?s gold price levels and cost structure.

Jan 1, 2009

By A. P. L. Kotzé

Modelling and scheduling for Grootegeluk coal mine, situated in the north- western Transvaal, is by means of a series of modular systems. Modelling of the multilayered body, which is part of the Waterberg coalfield, was based on a detailed study of the behaviour of coal and waste qualities and the sub- sequent use of standard geostatistical techniques. A notable improvement on previous methods was attained. Scheduling procedures and systems were developed to model a multibench pit producing coal for several metallurgical plants as well as a power-station. Scheduling was done by producing a series of longitudinal cuts, the cuts being subdivided into increments. By allocating cuts to certain periods, the resulting calculated product tonnages were com- pared with production targets, and by iteration a final scheduling sequence was determined.

Jan 1, 1987

By L. S. Bicalho, W. J. Rodrigues, P. M. A. Rollo, P. R. G. Brandão, W. C. da Silva

Quadrilátero Ferrífero is an important mineral province located in Minas Gerais state, responsible for a substantial amount of iron production in Brazil. Among the concentration methods for iron ore practised by the mining companies in this region, the most important is the reverse cationic flotation. Dolomite iron formations, with the presence of hematite, quartz and dolomite, occur in several areas of mining and, with the deepening of the deposits, this type of ore, with low iron content and more complex mineralogy occurs frequently. Carbonaceous minerals, mainly dolomite, present a technological challenge for the concentration of iron ore by flotation. In the present study, the concentration of iron ore with 6% of dolomite content was evaluated. Bench flotation trials indicated that conventional iron ore flotation is not selective to float dolomite, thus compromising the iron content in the final concentrate. Alternative flotation routes were evaluated, and a selective condition was reached to float both quartz and dolomite using the combination of the cationic collector Flotigam 16424 with an anionic collector Flotinor 16551. It was demonstrated that the flotation of dolomite was improved with the combined use of both collectors in the cleaner stage, and by a previous quartz flotation in the rougher stage. Zeta potential analysis indicated specific adsorption as the adsorption mechanism between Flotinor 16551 and dolomite, confirming the high selectivity observed in the bench flotation tests. Keywords: Flotation, iron ore, dolomite

Jan 1, 2020

By I. V. Filippova, Y. Foucaud, M. Badawi, O. Barrès, L. O. Filippov, S. Lebègue

Sodium silicate (Na2SiO3) is one of the most common reagents used in the froth flotation process, in which it is an efficient dispersant as well as a powerful gangue minerals depressant. Due to its high affinity with a lot of minerals, mostly silicates, it adsorbs on their surfaces and prevents the adsorption of the collectors, maintaining them hydrophilic. Hence, Na2SiO3 is widely used in the flotation separation of rare earth minerals, zinc minerals, iron minerals, scheelite, fluorite, apatite, and many other minerals. For decades, authors have demonstrated higher efficiency of Na2SiO3 when it is used in combination with sodium carbonate (Na2CO3), a common pH regulator. Among many well-known depressants, this system presented the best efficiency for many ores, including the Tabuaço scheelitebearing skarn studied herein. However, the mechanisms resulting in these strong positive synergistic effects are not well understood at the moment. Hence, the response surface methodology (RSM) was applied to this ore, considered as a case study, to optimize the depressing conditions and to study deeply the flotation behavior of this system. Strong synergistic effects between the two reagents were exhibited by the RSM, mostly affecting the scheelite, fluorite, and calcium-bearing silicates recoveries. This was attributed to surface carbonation of the minerals by Na2CO3, subsequently leading to a better depression by Na2SiO3. Overall, a 1:1 ratio between the two reagents displayed the best results in terms of WO3 grade and recovery. To gain understanding in the molecular mechanisms responsible for the aforementioned synergistic effects, FTIR studies were combined with state-of-the-art molecular modelling (Ab Initio Molecular Dynamics at 300 K) on fluorite, an archetype of calcium minerals. Keywords: Synergistic effects, scheelite, depressants, FTIR, DFT calculations

Jan 1, 2020

By J. O. Roux

The Impala Platinum Limited Base Metals Refinery in Springs, South Africa, refines convertor matte containing base metals and PGM?s (platinum group metals) using a hydrometallurgical process. In addition to a PGM-rich concentrate that is further refined, the Base Metals Refinery produces nickel (in powder or briquette form), copper cathodes and cobalt powder. Five leaching stages are utilized to remove the base metals and impurities from the PGM concentrate. The project described in this paper involves a radical redesign of the second stage leach autoclave with the aim of reducing maintenance costs and downtime, increasing throughput and ensuring a safer working environment. The second stage leach process at the Base Metals Refinery, produces a PGM-rich residue through the extraction of copper and any remaining base metals from the first stage leach solid residue material. Leaching is performed in an autoclave operating at a pressure of 600 kPaG and a temperature of 140°C to 150°C. Concentrated H2SO4 is added to the feed to produce a solution with a free acid content between 10 and 30 g/L and a pH of less than 2. Oxygen is passed into the 1st and 2nd compartments of the autoclave. As a result of the aggressive, highly oxidizing conditions within the autoclave, the original design utilized a heavy wall carbon steel shell with lead lining and two layers of acid bricks. The bricks acted as a wear resistant material and ensured a low surface temperature at the skin of the lead lining, whereas the lead lining acted as a corrosion barrier to protect the steel shell. These brick lined autoclaves were heavy, maintenance intensive and prone to catastrophic failure. A radical autoclave redesign was needed to reduce the high costs of manufacturing, installation and operation. Finite element modelling was used to optimize the design and various high alloy materials were investigated for the application. Based on extensive test work, the carbon steel shell was replaced with duplex SAF 2205 stainless steel in the new design. The use of this highly corrosion resistant material, eliminates the need for the lead and brick linings and reduces the wall thickness requirements substantially, resulting in an increase in the available volume for the same external shell dimensions. The vessel is welded in circular sections to form an elongated, impermeable, cylindrical body, with several agitator nozzles and compartments. The first new duplex stainless steel unit has been in continuous operation for more than 24 months and its performance has exceeded the highest expectations. The design was so successful that a patent has been registered. The major benefits of the new stainless steel design include increased throughput, improved performance, less downtime and a safer working environment. Lead has been eliminated and replaced with a more environmentally safe material, and the total lifespan of the vessel has been extended. In addition, the autoclave project has made significant developments in advancing the field of welding and optimizing the integrity of welding quality standards in South Africa.

Jan 1, 2009

By J. Botha

There are many underground mining software tools available to plan and schedule the development of underground mines. A shortfall of these tools is the optimization of the underground equipment and strategy in order to maximize the development rate. This paper will illustrate how the SimMine® software was used to maximize underground development at Petra Diamonds' Cullinan Diamond Mine. It will also determine the effect of various development strategies and equipment capacities on the underground development rate and pinpoint potential bottlenecks in the mine development cycle.

Jan 1, 2010

By M. R. Anderton

"A hierarchical four-character code designed for geological and allied data may be used to log exploration drill-holes and store the information on magnetic media. The code is intended for use in semi-free format and permits the collection of as much, or as little, data as the geologist may require for the purpose in hand. A method of data storage by variable length records is discussed.Information may be retrieved by means of a simple enquiry language. Optional output facilities could allow the retrieval of data in a form suitable for direct input to a contouring package. The enquiry parameters and interrogation program can thus provide the interface between the data bank and associated application systems."

Jan 1, 2014

By M. R. L. Blackwell

Over the period 1964 to 1969 Conzinc Riotinto of Australia undertook and completed an evaluation of a large low-grade copper orebody on Bougainville Island in the Territory of Papua and New Guinea. From the outset it was clear that the geographic, climatic and topographic characteristics of the area would necessitate a heavy capital outlay on production and support facilities. Both the physical problems and the magnitude of the investment amplified the need for a thorough and rigorous evaluation of the various strategies for exploiting the orebody. In view of the number of independent and inter-related variables and the flow of new data, a computer-based evaluation process extended the scope and depth of the analysis considerably. The system used permitted an iterative assessment and re-assessment of the various strategies with the results becoming increasingly refined with time. This process encompassed the modelling of the orebody, the simulation of alternative operating strategies and the determination of the financial profitability of the project,

Jan 1, 2014

By A. Koursaris, H. M. Friede, A. A. Hejja

The features of smelting slags from South African prehistoric sites and of related cinder material are described. Chemical analyses of twelve slag samples found in the Transvaal, Swaziland, and Botswana are reported and discussed. An attempt is made to establish a relationship between these slags and the ores collected at the Early Iron Age site of Broederstroom, which date between AD 350 and AD 600. The liquidus temperatures of29 slags were determined by the use oh hot-stage microscope. The major mineral phases of 16 slags were identified by X-ray diffraction and microscopic examination. It appears that the slags investigated were formed at temperatures below 1250°C or - in some cases - at temperatures only marginally in excess of 1250°C.

Jan 1, 1982

1. Book reviews Quantitative texture analysis, edited by H. ,}. Bunge and C. Esling. Deutsche Gesellschaft fur Metallkunde, 1982. 551 pp. Reviewer: L. 1\'1.Matthews Boundary element methods in solid mechanics by S. L. Crouch and A. M. Starfield. Reviewer: J. A. C. Diering World mineral statistics 1976-1980. Produdion,' exports,' imports, by Institute of Geological Sciences. London, Her Majesty's Stationery Office, 1983. £18.00 Reviewer: R. P. King 2. New publications Canadian mines,. perspective from 1982. Mineral Bulletin MR 197. Supply and Services Canada, Hull, Quebec K1A 059, Canada. Copper' s changing cost structure, by Commodities Research Unit Ltd (31 Mount Pleasant, London, WClX OAD, England). Petrology of metamorphic rocks, by M. Suk. New York, Elsevier, 1983. 320 pp. U.S. $68.00. Applied geomorphology, by H. Th. Verstappen. New York, Elsevier, 1983.442 pp. U.S.$95.75. Tin and its uses, no. 137, by the International Tin Research Institute. Greenford, the Institute (Fraser Road, Greenford, Middlesex UB6 7AQ, England), 1983. 3. New journals Mining Science and Technology, edited by C. 0, Brawner and B. N. Whittaker, is to be published quarterly in one volume per year by Elsevier. Aluminium, published monthly by Aluminium -Verlag GmbH, P.O. Box 1207, D-4oo0 Diisseldorf 1, F.R. Germany. DM 690.00 per annum. Rock mechanics The South African Institute of Mining and Metallurgy is to hold two schools on 'Rock Mechanics in Mine Management' at the University of the Witwatersrand, Johannesburg, from 23rd to 27th January, 1984, and from 30th January to 3rd February, 1984. The Federation of Societies of Professional Engineers The Federation of Societies of Professional Engineers (FSPE) has been a member of the World Federation of Engineering Organisations (W FEO) for many years and has regularly sent delegates to the biennial conference of that organisation. Second progress report by ASRET The Professional Engineers Joint Council was estabislhed in 1960 and initially its main fWlction was to represent the interests of engineers. Explosives technology The Center for Explosives Technology Research (CETR) has been established at the New Mexico Institute of Mining and Technology (Tech) in Socorro, New Mexico. International Tunnelling Association A conference entitled 'Ita Tunnels 1984' will be held in Caracas, Venezuela, from 2nd to 7th June, 1984. Automation The IFAC Symposium on Automation for Mineral Resource Development is to he held in Brisbane (Australia) from 9th to nth July, 1985.

Jan 1, 1983

"SAMPLING: THE IMPACT ON COSTS AND DECISION MAKING1. INTRODUCTIONFor years those in the minerals industry have been taking samples to assist them in making decisions; whether they be about investing billions of rand in a new mining operation, or simply whether a truck load of mineralised material should go to the mill or the waste dump, - we need a sample to help us make our decisions. This paper emphasises the importance and significance of sampling as a process, some of the associated technical problems and some of the advantages, especially in the light of traditional approaches that has usually left mine sampling to the least educated and lowest paid individuals on the mine. Perhaps the most important aspect that requires attention is the variability, usually measured in terms of precision, that tends to infect the sampling procedures. Francis Pitard 12 has stated: ""There is no such thing as reliable feasibility studies, unbiased ore grade control, accurate environmental assessments or effective process control, if you cannot identify and minimize the seven (ten) major sources of sampling variability. "" It is these ten sources of sampling variability and the way they arise that are briefly investigated. Variability is measured in terms of variances and rather than being self-compensating, there is good evidence to indicate that they are in fact additive at every step in the sampling and analytical process."

Jan 1, 2014

Mr J. Meintjes (Chairman) was in the chair. There were also present: 7 Members: Messrs B. D. McNeice, A. Bain, G. E. Carlyon, C. H. Coxon, B. F. v. d. Merwe, A. C. Hofmeyer, H. J. R. Way. 4 Associate Members: Messrs E. J. Jackson, A. C. Melvill, W. Weber, R. E. Powell. 2 Visitors. It was decided to have the visit to ETC at Barberton on 20th March. A programme will be sent to all members who indicated that they wish to go on this visit. A talk on "Billet Casting of Ferrochrome" was given by Mr. B. F. van der Merwe. After question time the chairman thanked the speaker and asked for the talk to be forwarded for possible publication in the Journal. The meeting closed at 9.10 p.m.

Plurigaussian simulation allows constructing lithofacies or rock type models that reproduce the contacts between facies in accordance with the geologist?s interpretation. Its implementation requires inferring the local facies proportions, but the uncertainty in the true proportions is not accounted for. The simpler model with constant facies proportions may not yield realistic results, due to the possibility of obtaining facies at locations where it is geologically unlikely to find them. This article presents a variation of the plurigaussian model, in which the facies proportions are represented by random fields. The realizations can be made conditional to soft geological informati onto account for local changes in the facies proportions. The model is illustrated via a case study of a porphyry copper deposit where four Gaussian random fields are simulated conditionally to drill hole data and to constraints on the probability of finding a given facies at specific locations (control points) in the deposit. Then the first two fields are truncated using the random thresholds defined by the last two, generating a three-facies model. The proposed random proportion model proves to be simple to use and to account for spatial variations of the geological characteristics and for the uncertainty in the facies proportions. Keywords: categorical variable; lithofacies; truncated plurigaussian simulation; regionalized proportions

Jan 1, 2008

Alluvial diamond deposits covered with a thick overburden cannot be explored effectively and mined profitably with the available conventional techniques. A novel directional drilling technique has been developed and site trials have been conducted at the De Beers Namaqualand Mines situated at the western coast of South Africa. This paper describes the technique developed as well as the results of the site trials. The main task of the project is to develop a tool and a supporting system to achieve a remote exploration and ore extraction method for inaccessible alluvial diamond deposits. The project involves the acquisition of a system, commissioning on-site and evaluating the information obtained during assessment. The project consists of the design -of certain tools and instrumentation for the system, investigations and desktop studies as well as development of the system's logistics. The operating philosophy of the system is based on the keyhole surgery principle. In this study a pilot hole was drilled first, starting from the surface with an inclination to reach deeply seated diamondiferous gravel layers, followed by drilling into a more or less horizontal gravel layer for a certain length and finally pointing-upwards reaching ground surface at a predetermined exit point. The pilot drill bit was then replaced with a larger diameter reamer/mining tool and an HDPE tail pipe was attached behind the reamer. The drill string was retracted back to enlarge the guide hole and flush the excavated ore to the surface through the tail pipe. The material flow in between the sections of the system was' carefully measured to assess and record the gravel recovery rates. Several horizontal holes were drilled at preplanned drill paths to reach and follow the ore layer and the Ore extraction was achieved by means of a reamer/mining tool. Principles of the concept have been proven viable in this investigation.

Jan 1, 2010

By W. Bleloch

Published in the Journal, September 1970, and presented at a colloquium on 'Future of the Steel Industry', 17th March, 1971. Errata (a) The final sentence in the penultimate paragraph, left hand column p. 34 of the text should read: 'In the hot regions of the bosh and stack the C+CO2=2CO reaction proceeds to CO from coke carbon and carbon dioxide generated by reduction of iron oxides by CO (the so-called solution loss of carbon)'. The italicised words have been omitted in the text. (b) Temperature in Fig. 3 is K not C. (c) In Fig. 9, connection from top plate of column 10 to heat exchanger 9 has been omitted. DISCUSSION J. B. BEEDON AND C. J. JONKER* Dr Bleloch's paper has outlined the advantages of recycling stack-gas of low nitrogen content in the blast furnace. In the first instance it would appear to be extremely beneficial in controlling the hearth temperature and allowing a 100 per cent oxygen-blast to be used. On a second point however we have to disagree. It is claimed that heat is liberated in the combustion zones by the oxidation of CO to CO2 near the tuyeres and in the subsequent reduction of the CO2 by CO. The author has hypothesized as follows, and we quote: 'The C+CO2=2 CO reaction in the outer combustion zone at about 1 700°C is no longer endothermic due to loss of stability of CO2 and its consequent dissociation into CO and free oxygen.' This statement requires closer examination. If we consider the individual events occurring with the CO in the recycled topgas, with the oxygen in the blast and with the coke in the burden, as done by Dr Bleloch, the following heat considerations emerge. All heats of reaction are calculated from the enthalpy values of each reactant and product, as well as the temperature dependence of their molar heat capacities. (a) At the tuyeres: CO+1/2 O2-+CO2 . . . . . (1) CO, CO2 at 500°C; O2 at 25°C. ?H reaction = -65 000 cals/mole CO The reaction (1) is exothermic. (b) In the outer combustion zone: CO2+C?2 CO . . . . . . . . (2) C, CO at 1 700°C; CO2 at 500 0C. ?H reaction = -56 000 cals/mole CO Reaction (2) is endothermic. The overall heat gain of reactions (1) and (2) is ?H=+56 000 - 65 000= -9000 cals/mole CO i.e. the overall reaction is slightly exothermic, the amount of heat liberated is however smaller than suggested by Dr Bleloch. (c) The dissociation CO2+CO+1/2 O2 . . . . . (3) is a highly endothermic reaction at 1 700 0C, requiring 82 000 cals/mole CO2 to proceed to completion. Furthermore, this reaction (3) is energetically not favoured to proceed, as can be observed from the free energy-temperature relationship of figure (3), which favours the formation of CO2 at 1 700 0C. Hence direct dissociation of CO2 at 1 700 0C appears to be unlikely.* The concept of recycling topgas is however still intriguing from many other points of view. Apart from providing a very efficient method of hearth temperature control, it will create a much higher CO partial pressure in the stack. Whether the rate of indirect reduction in the stack will be proportional to this partial pressure or not is un-

Jan 9, 1970

By L. A. Abichequer

ROM grade variability is one of the most important factors influencing plant product recovery. Due to the influence of grade variability on mine profits, it is deemed important to guarantee a proper homogenization of the ore through a well-planned blending and homogenization pile system from which the ore is reclaimed at an acceptable grade fluctuation. This study tests geostatistical simulation efficiency in predicting in situ grade variability. The methodology is illustrated using a data-set from a large phosphate mine in central Brazil. Additionally, real data obtained at the mine site during January and February 2007 were used to derive the actual grades of each pile formed during this period. Each pile was formed by a selection of blocks within a dig line and these lines mined along the year 2007 were also made available. Given the real grades, it was possible to reconciliate and validate the results predicted by the proposed methodology. The main outcome of this study is the opportunity to check the geostatistical simulation as a tool to quantify the variability of the homogenization system.

Jan 1, 2009

The kinetics of cyanide loss were found to be first order under any given set of conditions, allowing rate constants to be easily determined. At room temperature and in the absence of activated carbon, some cyanide is lost by hydrolysis to hydrogen cyanide, but this does not occur to any significant extent at pH values higher than about 10. A higher rate of hydrolysis occurs when air agitation is used. When activated carbon is present, an additional carbon-catalysed oxidation reaction is responsible for a fairly high loss of cyanide. The evidence indicates a reaction mechanism that consumes oxygen and produces cyanate ion. Some of the cyanate thus produced decomposes to form a mixture of ammonia, carbonate, and urea, depending on the solution conditions. Additional cyanide is lost as a result of the adsorption of sodium cyanide by the activated carbon. At high temperatures, an additional hydrolysis reaction, which involves the formation of ammonium formate as an intermediate, occurs an/j is responsible for. a high loss of cyanide, leading ultimately to the formation of ammonia, hydrogen, and carbon dioxide. The presence of activated carbon has no effect on the rate of this reaction.

Jan 1, 1990

By C. Nangolo

Mineral commodity prices comprise one of the key criteria in the selection of mining stocks. We contend that of the three principal elements of mineral commodity prices, spot price, forward price and long-term price, one has a greater impact on the share valuation processes used by investors. This research paper examines the extent to which each of these elements influences the valuation process. The intention is to provide investors in mining stocks with a greater understanding of how fluctuations of commodity prices over time affect the prices of the mining stocks they hold, or intend to sell or buy. Three mineral commodities, gold, silver, and copper, were used as case studies, since market data on these commodities is readily available in the public domain. Nine market indices covering all three mineral commodities were selected. These are based on clearly defined criteria with the intention of eliminating ambiguity and to test for correlation with the three sets of mineral commodity prices. Nine mining companies, which were not the primary drivers of the relevant indices employed in the study, were used to validate the results obtained from the indices in order to avoid duplication of the same correlation during cross-checking. Each commodity price was adjusted for operating costs. For each market index, an average operating cost was calculated from the companies comprising its basket, while each company?s annual operating costs were used for the stocks of the individual companies examined. The data was collected for the period January 2004 to October 2010. This period was further split up into three sub-periods to account for the Global Financial Crisis (GFC) period that started in mid-2008. We conclude that mining stock prices are correlated with mineral commodity prices, but with spot and forward prices exhibiting stronger correlations than long-term price. This finding should be useful for evaluation purposes. Where cash flow methodologies such as discounted cash flow or earnings per share are used to value ordinary shares and commodity prices are required to estimate future cash flows, the findings suggest that spot prices should be used as opposed to long-term prices. The work reported in this paper is part of a current MSc research study at the University of the Witwatersrand.

Jan 1, 2011

By J. H. Venter

The accuracy of estimation from samples of ore in bulk By J. H. Venter Published in the Journal April 1972. ERRATA: Equation (1) should read... Equation (3) should read .... line following "Duscussion" Delete" .... Insert... above "References" "Discussion". Replace .... tenth DISCUSSION M. DA VID Professor Venter has proposed a formula to compute the variance of the estimated grade of a lot of broken ore, and interesting comments on the relevance of the formula and suggestions for developments are made by P. R. Janisch.

Jan 4, 1972

COUNCIL The following served on Council during the year under review: Office bearers: Messrs V. C. Robinson (President), Prof D. D. Howat and Dr J. P. Hugo (Vice-Presidents), J. K. E. Douglas (Immediate Past President) and D. G. Maxwell (Honorary Treasurer). Ordinary Members of Council: Dr M. G. Atmore, Dr J. M. Bereza, H. P. Carlisle, W. W. Malan, C. E. Mavrocordatos, Prof R. P. Plewman, Dr R. E. Robinson, Dr M. D. G. Salamon, P. W. J. van Rensburg, L. W. P. van den Bosch, P. A. von Wielligh. Branch Chairmen: J. Meintjes, J. M. Meyer (Acting), J. N. Saunders (Retired). Past Presidents serving on Council: R. J. Adamson, M. Barcza, H. Britten, R. C. J. Goode, P. Lambooy, Prof J. de V. Lambrechts, Dr J. T. Mclntyre, J. F. Reid, H. Simon. Ten Council meetings were held during the year with an average attendance of eighteen and the standing committees held forty-six meetings. FINANCE The annual accounts, which are attached to this report, show an excess of income over expenditure of R5 051 compared with an excess of expenditure over income last year of R4 608. This major reversal of fortunes is due in the first instance, of course, to the increased subscriptions. There were, however, other important contributors, particularly sales of the Proceedings of the Symposium on Open Pit Mining and profits on the operation of symposia and colloquia. It would appear from a study of the accounts that there has been a substantial drop in expenditure on secretarial fees. In actual fact, however, our total expenditure on secretarial fees was higher. A portion of this expenditure was charged against the administration of the Symposium on Open Pit Mining and, in addition, the charge against the Journal accounts for secretarial fees was increased. It will be recalled that in last year's annual report it was mentioned that subsequent to the new arrangement for publication of the Journal, the expected improvement in the finances of the Journal had been slow in materialising. After a total period of 18 months there was still no sign of improvement and it was accordingly decided to end the arrangement. As a result, the drain on the finances of the Institute was considerably lessened in the second half of the year. During the course of the year Council became concerned about the rapid depletion of our accumulated funds and gave careful and detailed attention to all aspects of the Institute's financial affairs. Particular attention was given to: 1. The fact that the Institute does not have a solid financial backing and must appeal for funds every time any special event such as a symposium is held. 2. The responsibilities of the Institute to the profession and the community, with particular reference to the desirability of establishing Institute bursaries and participating in other educational activities. 3. The rapidly rising cost of living. 4. The immediate financial position of the Institute. 5. The rapidly increasing cost of publishing the Journal due to the increasing number of papers available. In the meantime the immediate financial position of the Institute has improved but as this is due largely to non-recurring or irregular items of revenue, it should not be given undue weight. After careful consideration it was decided that an appeal should be made to industry for financial assistance, which would be used to cover the cost of symposia and other unusual expenditure and also, if possible, to build up the capital resources of the Institute so that there is a solid foundation for the future. Before appealing to industry, Council wished to be quite certain that there could be no criticism of the Institute for not having done our best in a personal capacity. Furthermore, Council examined many comparative statistics, including those circulated to members, which showed that, while expenditure per member has risen at an average annual rate of 7,5% over the last fifteen years, subscription revenue per member has risen at only 3,4% per annum. It was with this background that your Council decided to raise the subscriptions. Initial approaches have been made to the big mining groups and there has been a very generous response, although the details of how financial assistance will be provided have not yet been worked out. It seems likely that some form of affiliated company membership will be the most suitable method of achieving this. When these details have been fixed, it is the intention to extend the appeal to all corners of the mining industry as well as manufacturing and metallurgical industries. It is believed that these measures will ensure that the finances of the Institute are placed on a firm foundation on which the expanding activities can be planned. The MacArthur Forrest Memorial Fund shows an excess of income over expenditure of R73 and the total fund was, therefore, increased by this amount to R4 411. The balance sheet shows that the market value of quoted shares and debentures increased during the year fron R6 540 to R9 160. The market value is now almost exactly the same as the book value. Accumulated funds now amount to R23 010 compared with R17 959 a year ago.