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American Bureau of Metal Statistics, 33 Rector St., New York, N Y. It is not the policy of this publication to include reference to works issued by commercial publishers except where it is felt that the publications have a unique value, particularly, works of a statistical nature The American Bureau of Metal Statistics issues a Year Book of this nature, summarizing important statistics of nearly all of the nonferrous metals Published about the end of May each year. Price, $2. Interim Reports, mostly monthly, in mimeographed form, are also available to suscribers on a scale of terms

Jan 1, 1933

THE National Safety Council will hold the following ses-sions in the Waldorf-Astoria Hotel, New York, N. Y., on Oct. 2, 3 and 4: Oct. 2. 9.30 A. M. 1. Report of past year committees, by Chairman 2. "Safety Pays," by Howard I. Young, Vice-President, American Zinc, Lead and Smelting Co., Mascot, Tenn. (Discussion) 3. Entertainment 4. "Methods and Results of Improved Foremanship Conferences," by H. A. Gilbertson, Director of Per-sonnel, Lehigh Coal and Navigation Co., Lansford, Pa. (Discussion) 5. Appointment of election and resolutions committees Oct. 3, 9.30 A. M.

Jan 9, 1928

YEAR OF ELECTION 1913. FRANK DAWSON ADAMS Montreal, Canada. 1921. WILLIAM CUTHBERT BLACKETT Sacriston, Durham, England. 1923. GELASIO CAETANI Rome, Italy. 1929. TAKUMA DAN Tokyo, Japan. 1920. HENRY STURGIS DRINKER Merion Station, Pa. 1922. FEDERICO GIOLITTI Torino, Italy. 1906. SIR ROBERT A. HADFIELD London, England. 1928. JOHN HAYS HAMMOND New York, N. Y. 1928. WILLIAM BOYCE THOMPSON Yonkers, N. Y. 1921. FRANK WILLIAM HARBORD London, England. 1917. HERBERT HOOVER Washington, D. C. 1905. HENRI LECHATELIER Paris, France. 1921. C. MCDERMID London, England. 1913. EZEQUIEL ORDONEZ Mexico City, Mexico. 1909. ALEXANDRE POURCEL Paris, France. 1911. ROBERT H. RICHARDS Cambridge, Mass.

Jan 1, 1923

Attention is called to the changes in officers of the Committee, whereby Albert Sauveur becomes Vice-Chairman, and Herbert M. Boylston, Secretary. Three new members of the Committee have been added, as follows : J. Esrey Johnson, Jr., William Kelly, William R. Walker. The death of Dr. F. WV. C. Schniewind is a severe personal blow to the members of the Committee, as well as a loss on the technical side that will be hard to fill. During the absence of Mr. Kirchhoff in Europe the activities of the Committee will be under the charge of Professor Sauveur.

Jan 4, 1913

By G. L. Gates

The comments by George L. Gates are appropriate to the characteristics that we sought to feature in our study and they are appreciated by the authors. In our laboratory deposition tests the smoothness of the surface seemed to be more important than the type of surface. However, we also noted that even where very smooth glass, plastic or polished metal coupons were used, scale deposition still occurred though the rate varied. Much more information is needed, however, and new work to solve the mineral scale deposition problem by mechanical and chemical means is expected to continue.

The fourth National Exposition of Chemical Industries will be held in the Grand Central Palace, New York, during the week of Sept. 23, 1918. Dr. Bacon, of the advisory committee, is now head of the Chemical Warfare Section of the National Army, and a member of General Pershing's staff. The coming Exposition will be the largest ever held, and it will be necessary to use four floors of the Grand Central Palace. The exposition is a war-time necessity, and regarding it as such, each exhibitor is planning his exhibit so that it will be of. the greatest benefit to the country.

Jan 8, 1918

By L. O. Howard

THE CHAIRMAN (WALTER DOUGLAS, New York, N. Y.).--I presume, gentlemen, that Mr. Howard's experience with the Great Falls basic-lined converter has been as regards the tonnage produced from a single lining, perhaps, a world's record. About 6 months ago Mr. Howard shut down and tore out what was left of the first basic-lining which was installed at the Old Dominion, the lining having produced something over 70,000,000 lb. of copper. This was due probably not only to the very excellent grade of the matte which was produced by the smelter there,

Jan 12, 1916

By M. E. Prunty

Activity in coal preparation in 1967 was on the up-swing and all indications are that demands will be greater in the future. Feed tonnages to plants are increasing and a significant factor is that the top size being fed to plants is decreasing. This has been brought about by market demands, better cokability in some cases and emphasis on sulfur reduction in others. New plants are being built and some are in operation in the coal fields of southern Illinois. These plants are producing metallurgical coal in circuits that contain heavy medium cyclones and froth flotation on the - ½ mm x 0.

Jan 2, 1968

William Andrews Clark, former United States senator from Montana, died at his home in New York on March 2, at the age of 86, after a brief illness due to pneumonia. He was the last of the three great Montana mining magnates, Clark, Daly and Heinze. He was born in Connellsville, Pa., on Jan. 8, 1839, and in 1863 arrived in Bannock, Ida., with only five dollars, after a journey of 65 days. On reaching Idaho, he became successively a miner, teamster, machinist, railway builder, mine owner, capitalist and, in his more recent years, philanthropist and art collector.

Jan 1, 1925

By M. D. Cooper

For the purpose of obtaining some first-hand data in regard to the shooting down of coal in bituminous mines, it was the writer's good fortune to be employed as a shot-firer for almost one year. In all, 6020 shots were fired by him during this period. All of the work was done in what is known as the South Main section of the No. 2 Mine of the Ellsworth Collieries Co., Ellsworth, Pa., a subsidiary of the Lackawanna Steel Go. Position of Shot-firing in the Cycle of Operations The established practice of the Ellsworth Collieries Co. calls first for the undercutting of the coal by electric chain machines across the face of the entry or room. This is followed by replacing any posts removed by the machine-runners, or the setting of new posts or timber, as may be required. After this has been done the machine cuttings are loaded into cars. Then the coal is spragged, and a shot hole drilled to the depth of the undercut. Next in order, the shot-firer loads the hole and fires the charge. The working place is then cleaned up, timbered if necessary, the sides and face squared up, and loose material taken down. The face is again ready to be undercut. Materials Used Permissible explosives were used exclusively in blasting coal. These were Carbonite No. 2, a nitroglyccrine explosive; and three different makes of ammonium nitrate explosives, Tunnelite, Red H, and Mine-ite 5-D. The last-named was used during the greater part of the period. It is interesting to note that even at the beginning of this work, the gases resulting from the explosions of the charges caused no especial distress on. the shot-firer's part and this continued to be the case except on the occasions when a change was made from one class of explosive to another.

Jan 1, 1918

By E. D. Gardner

The tide of increasing demand for metals turned during early 1949, with resultant lower prices. The production of the principal metals was less than in 1948. The problem of high unit costs, however, was held over from 1948. With the lower prices for metals, greater efforts are being made to reduce operating costs. The labor supply was adequate during the latter half of the year in most districts. The force has been reduced at most mines; some mines were idle during part of the year because of strikes, and others ceased operations on their own account. In the main, labor efficiency increased during the year in underground metal mines. Efforts are being made generally to improve labor relations. Green men hired in the time of the scarcity of skilled miners are becoming better trained. The supervisory personnel of most mines is cost conscious, and the planning of operations has been improved. Overhead costs are being scrutinized. The trend toward mechanization underground continued strong. Mining technology rapidly is becoming a problem of handling materials. Surface miners, underground miners and miners of metals, nonmetallics, and coal can learn much Gardner from each other. A mine, however, may become overmechanized. The capital charges against new equipment may exceed the saving in labor costs where sufficient daily tonnage is not handled.

Jan 1, 1950

By Stanley Lefond

Industrial Minerals, often called the Cinderella Minerals or the Building Blocks of industry continued their growth patterns through 1973, although profits were slightly lower due to the cost-price squeeze. Most of the individual reports which follow indicate growth rates of 3-15%. Surprisingly such commodities as sulfur held firm in spite of the over supply in the Canadian gas fields; cement was in short supply while the asbestos industry reported a worldwide shortage of group 4 and 5 fibers. Talc and perlite production set new records. In synopsis, 1973 was a productive year for industrial minerals. However 1974 onward appears to be one of contradiction. The unsettled conditions of world economics, the energy shortage, compounded by the Arabs oil embargo have created great problems for all industries. The high energy consuming segments of the Industrial Minerals field will be under intense pressures. On the other hand limestone, lime and perhaps trona, nahcolite might be consumed in ever increasing tonnages in SO2 removal systems connected with smelters and coal-fired power stations. The effects of the proposed changes in the staking, claiming and exploitation of federal lands by the BLM may also have serious repercussions not only to the industrial minerals field but to the entire mining industry. 1974-1975 will certainly be ear-marked as a year of frustrations and difficult decisions.

Jan 2, 1974

By C. A. Heiland

Geophysical methods are playing an ever increasing part in various engineering fields. About ten years ago, geophysical exploration was first applied in civil engineering to the study of foundations and the location of construction materials and water. Its usefulness is now being extended into the field of structural engineering. Almost every structure has to be so designed that it will withstand any force to which it may be subjected. Such forces may result from its own weight, applied loads, pressures of various kinds, including those due to wind and water, ground subsidence and vibrations. The last two, problems involving the nature and dynamic behavior of surface and subsurface formations, are within the scope of geophysical investigations. In the design of any structure, the disposition and dimensions of its members as well as their materials must be so selected that they will withstand any or all of the forces enumerated above. In other words, its "resistance" to such forces must be sufficient, allowing for a definite margin of safety. Often a static treatment of the problem leads to satisfactory results, but the static method entails serious errors when vibrations are involved, as in resonance with an impressed vibration the displacements of a structure or parts thereof may dangerously exceed the allowable values. The principle of "dynamic design"† is, therefore, avoiding or reducing resonance by suitable selection of the natural frequency of a structure, or by the provision of damping. Methods of Investigation Dynamic design of structures is required where ground vibrations occur naturally or are produced artificially. Earthquake regions fall in the first group; areas of industrial activity where vibrations are produced by machinery, blasting, etc., fall in the second. In either case, dynamic

Jan 1, 1940

By C. A. Heiland

Geophysical methods are playing an ever increasing part in various engineering fields. About ten years ago, geophysical exploration was first applied in civil engineering to the study of foundations and the location of construction materials and water. Its usefulness is now being extended into the field of structural engineering. Almost every structure has to be so designed that it will withstand any force to which it may be subjected. Such forces may result from its own weight, applied loads, pressures of various kinds, including those due to wind and water, ground subsidence and vibrations. The last two, problems involving the nature and dynamic behavior of surface and subsurface formations, are within the scope of geophysical investigations. In the design of any structure, the disposition and dimensions of its members as well as their materials must be so selected that they will withstand any or all of the forces enumerated above. In other words, its "resistance" to such forces must be sufficient, allowing for a definite margin of safety. Often a static treatment of the problem leads to satisfactory results, but the static method entails serious errors when vibrations are involved, as in resonance with an impressed vibration the displacements of a structure or parts thereof may dangerously exceed the allowable values. The principle of "dynamic design"† is, therefore, avoiding or reducing resonance by suitable selection of the natural frequency of a structure, or by the provision of damping. Methods of Investigation Dynamic design of structures is required where ground vibrations occur naturally or are produced artificially. Earthquake regions fall in the first group; areas of industrial activity where vibrations are produced by machinery, blasting, etc., fall in the second. In either case, dynamic

Jan 1, 1940

Application of Kutter's Formula to Gases Discussion of paper by F. ERNEST BRACKETT, presented at the Pittsburgh Meeting and issued, as Pamphlet No. 1578-A-F, with MINING AND METALLURGY, June. 1926. C. S. WITHERELL, New York, N. Y. (written discussion).-There is no reason to doubt that the relationship between the rate of flow and the impelling force of all fluids can be expressed by a general typical equation . that takes cognizance of all relevant factors such as density, viscosity (or its reciprocal mobility) and nature of channel-walls. Most fluids that are commonly conveyed by flow in confined channels are so highly mobile that they may be considered non-viscous, hence for these fluids the factor of viscosity does not need to appear in the equation. Water is the outstanding example of this class of fluids and its dynamic behavior has been so thoroughly investigated that proven formulas pertaining thereto, be they rational or empirical, would naturally serve as prototypes for the other non-viscous fluids. As non-viscous fluids can be classed all gases and vapors, most unsaturated aqueous solutions, gasoline, alcohol, etc. Viscous fluids comprise those that have a sluggish flow such as most. oils, tar, molasses, etc., the high viscosity of which is due to shearing resistance between molecules; a force that must be taken into account in figuring the flow of fluids of this class.

Jan 10, 1926

Application of Kutter's Formula to Gases Discussion of paper by F.-ERNEST BRACKETT, presented at the Pittsburgh Meeting and issued, as Pamphlet No. 1578-A-F, with MINING AND METALLURGY, June. 1926. C. S. WITHERELL, New York, N. Y..(written discussion).-There is no reason to doubt that the relationship between the rate of, flow and. the impelling force of all fluids can be expressed by a general typical equation that takes cognizance of all relevant factors such as density, viscosity (or its reciprocal, mobility) and nature of channel-walls. Most fluids that are commonly conveyed by flow in confined channels are so highly mobile that they may be considered non-viscous, hence for these fluids the factor of viscosity does not need to appear in the equation. Water is the outstanding example of this class of fluids and its dynamic behavior has been so thoroughly investigated that proven formulas pertaining thereto, be they rational or empirical, would naturally serve as prototypes for the other non-viscous fluids. As non-viscous fluids can be classed all gases and vapors, most unsaturated aqueous solutions, gasoline, alcohol, etc. Viscous fluids comprise those that have a sluggish flow such as most oils, tar, molasses, etc., the' high viscosity of which is due to shearing resistance between molecules, a force that must betaken into account in figuring the flow of fluids of this class.

Jan 10, 1926

By Holbrook Botset

EXPERIMENTS performed in this laboratory on the flow of gas-liquid mixtures through unconsolidated sands have been described and discussed in an earlier paper.4 In these earlier experiments a definite relationship was found between the liquid saturation of a sand and its permeability to the liquid or gas phase. Furthermore, the nature of the sand, the permeabilities of the sands over a range between 17 and 260 darcies, appeared to have a negligible effect upon the saturation-permeability relation. Likewise experiments indicated that the viscosity of the liquid, or the substitution of an immiscible liquid for the gas phase, had only a very slight effect on the permeability-saturation relation. This con-clusion has since been definitely confirmed by the experiments of M. C. Leverett3 on the flow of oil and water through unconsolidated sands. The sands used by Leverett were of very low permeability (between 6.8 and 1.04 darcies), while the oil-water viscosity ratio varied between 90 and 0.057. Since the sands that constitute petroleum reservoirs are largely con-solidated, although of widely varying degrees of consolidation, it was desirable to extend the experiments on gas-liquid mixtures to consolidated sand. In the study of consolidated sands additional variables are involved, but for the initial experiments the only new variable to be intro-duced was the cementing material.

Jan 1, 1939

By William L. Langdon

PRELIMINARY COMMENTS Recent years have been difficult for the mining industry, as reported in the most recently published Minerals Yearbook (Volume III), the estimated value of world crude mineral production has been generally declining since an historical peak in 1979 (16).* The costs of mineral extraction have, however, been rising rapidly. Individual project costs are, in general, exceeding the growth rate of mining companies, while operating and technical risks continue to increase (16). Risks resulting from currency flotation and political actions in the host country are also on the increase. Labor difficulties (such as those experienced by Phelps Dodge) and the Reagan Administration's recent rejection of a proposal by the International Trade Commission for higher tariffs and/or quotas on copper imports have also contributed to the mining industry's difficulties. The net result of these factors has been financial difficulties for mining companies with respect to paying for their current financial obligations as well as trouble finding new financing. It may be that one of the main factors in determining the future of the mining industry will be centered upon capital structure, i.e. how its assets are financed. Historical Perspective on Capital Structure In The Mining Industry As discussed by Isreal Borenstein in (4) and Thomas Navin in (7), mining firms typically have used a financial model based upon high financial leverage, i.e. large amounts of debt relative to equity. This has been especially true for American firms developing orebodies discovered overseas. Problems sometimes occurred for those who were forced to commit themselves to completion guarantees in order to obtain bank loans. Mines under these circumstances must be brought into operation regardless of market conditions. Politicians in overseas countries also may use the high profits required by these high risk ventures to argue for nationalization of mines. Coupled with the frequent use of high leverage, mining companies traditionally have paid out a higher percentage of earnings in the form of dividends than manufacturing firms. This is significant, in that such funds paid out in dividends are not available for other uses. Hence, a greater reliance upon debt and/or additional stock issues than would ordinarily be the case for manufacturing firms. Thomas Navin has stated in (7), that the theory behind the high dividend payout was that, "most mining investors thought of themselves as investing in a wasting asset, one that would gradually deplete over time until it ultimately became valueless." Investors, therefore, required a receipt, in the form of dividends, of a percentage of current earnings and a return on original capital. This view of reality, apparently, has not changed in some quarters, even though modern mine management ordinarily replaces depleted mines with new ones. It may be that this practice of high dividend payout coupled with relatively high financial leverage should be reexamined. Current capital structure theory could prove interesting and useful for those concerned with current conditions. Capital structure patterns and related practices in this industry are not, in many cases, congruent with those thought by some to be theoretically optimal. Prelude to Capital Structure Discussion With a few notable exceptions (such as the Guggenheims and Anaconda's chief operating,. officer in 1971) mining companies' chief executives and boards of directors have not been persons with financial backgrounds. This, one could conjecture, might have accounted for the relatively nonsophisticated nature of capital structures of mining companies. In order to appreciate the possibilities with respect to alternative influence on a firm's performance, one must be acquainted with the basics of financial theory. This paper is an attempt to familiarize the reader with (1) capital structure in general, (2) the usual components of this structure, (3) the general theory behind the use of financial leverage, and

Jan 1, 1985

By Charles Means

A THOROUGHLY modern coal-handling system has been installed at the Pittsburgh Terminal R. R. & Coal Co.'s new No. 8 shaft, or Coverdale mine, about 11 mi. (17.7 km.) from Pittsburgh on a spur f the Montour R. R. The Pittsburgh seam, which is the one worked, is reached at a depth of 342 ft. (104 m.). Power is delivered to the mine at 22,000 volts over a transmission line of the bow-arrow type of construction. A private telephone line connecting the various mines and the main office in Pittsburgh is carried on the same poles. The high-tension line is brought to an outdoor, step-down, transformer substation, where three 833-kv.-a., single-phase, 60-cycle, oil-insulated, self-cooled transformers reduce the potential to 2300 volts. The transformers are protected by electrolytic, aluminum-cell lightning arresters, horn gaps, and choke coils. High and low-tension busses, together with fuses, choke coils and air-break horn-gap switches with their remote-control operating mechanism are mounted on a substantial structural-steel tower 25 ft. (7.6 m.) in height. MINE SUBSTATION The transformer substation is adjacent to a pressed-brick building that houses direct-current substation equipment together with switchboards, etc., for the control and distribution of power. This building also contains the hoist for the men and supplies.

Jan 9, 1921

By H. R. Wuthrich

The Metallgesellschaft AG decided in late 1965 to build an Electrolytic Zinc Plant at Datteln (W. Germany). Lurgi-Chemie was entrusted with the engineering and erection of the entire plant. Ground was broken in February 1967 and the operation was started on August 1st, 1968. The new Electrolytic Zinc Plant was designed to produce a minimum of 100,000 metric tons of special high grade zinc and 200,000 metric tons of sulphuric acid. Concentrates from Meggen (W. Germany) and mainly Timmins (Canada) are roasted in two turbulent layer roasters. The sulfur dioxide containing gases are converted in a "Bayer double catalysis unit" to sulfuric acid. The calcine is leached batch wise, the leach residue separated from the pregnant solution by counter-current thickeners and drum filters. For maintaining the sulfate balance a modified jarosite leach is being used. After a two step purification the neutral solution is mixed with spent electrolyte and cooled in unpacked atmospheric cooling towers. Three electrical circuits are supplying the power to the tankhouse, each rated at 30,000 amperes. With a maximum current density of 750 amperes per square meter and a stripping cycle of 24 hours, an average current efficiency of 90 percent is obtained. Cathodes are melted in one induction furnace and cast into shapes, or alloyed with aluminum and copper for die-cast metal.

Jan 1, 1970