Search Documents

By R. Lowery

TODAY, man uses, at will, the land, the water, and the air to transport himself and his goods everywhere across the face of the world. He no longer thinks with wonder of the magic of conquering these elements - he takes his mastery of them for granted. He is, however, constantly striving to squeeze more and more efficiency from each mode of transport. Man's first method of transporting himself and his goods was, obviously, himself; then he acquired his first beast of burden - woman. Most other two-legged female animals carried their young around clinging to their fur. Human mothers were, generally speaking, furless and their offspring less 'Prehensile, and so slings and other trappings were invented to carry young children. Man's inventive genius soon adopted these devices for carrying other burdens, and for countless centuries woman carried all in order that man could walk unencumbered except by his weapons. Later other ?beasts of burden were trained and used, including dogs, horses, oxen, camels, etc. Man also discovered quite early that he could drag along the ground more than he could carry on his back.

Jan 1, 1956

By A. Ouellette, E. Nilsson

"Preventative maintenance is a burden for equipment users but a demand from the machine suppliers to ensure performance. Machine availability depends on preventative maintenance being followed.Mining equipment is becoming more and more sophisticated and productive, yet less and less time is available for preventative maintenance. Manufacturers invest in reducing costs, simplifying operating requirements, and lowering maintenance requirements, but it is the users who must invest more heavily in the advanced maintenance systems to keep the units operating.IntroductionPreventative maintenance has been, and still is a key factor in avoiding disturbances in production due to equipment downtime. Manufacturers ask for it in extensive maintenance schedules, check lists, programs, etc. often with a ""threat"" that, if not performed, the machine guarantee will not be valid. Modern mining and construction machinery has become sophisticated, like all other machinery, with elaborate hydraulic, electric and electronic systems and computerized controllers. Maintenance organizations within the mining industry have grown to heavy cost centres just to keep up the availability of the equipment.It is difficult for machine manufacturers to have maintenance programs that suit every user. International suppliers have to deal with different cultures, education levels, environments, organizations, etc. Maintenance programs recommended by manufacturers often do not meet some user's needs while they are ""overkilling"" to others. Preventative maintenance schemes recommendations of what to do, in what frequency, etc.) usually fit mechanical components in the equipment, e.g. wear measurements, crack indications, lubrication, oil changes, etc. But how does one perform preventative maintenance on huge hydraulic systems, electrical and electronic systems and computers? Failures in these systems usually occur without any warning and are more or less impossible to predict. Another difficulty in creating effective preventative maintenance programs for these kinds of systems is the relatively low volume of mining and construction equipment that is produced per year. For example, although Atlas Copco is one of the largest manufacturers in the world of underground blast hole drilling machines, the company still does not produce more than a few hundred drilling jumbos per year. These are made in more than 10 different models, with different systems and components, and very often are custom adapted to the end user's requirements."

Jan 1, 1992

By Patrick R. Stephenson

The Australasian Code for Reporting of Mineral Resources and Ore Reserves (the ?JORC Code?) has been operating successfully for 14 years, and has an ancestry dating back over 30 years. Together with complementary developments in stock exchange listing rules, the Code has brought about substantially improved standards of public reporting by Australasian mining and exploration companies. The Code is regarded as a world leader in its field, and has been used as a basis for the development of resource/reserve reporting standards in other countries. The reasons for its success are varied, foremost amongst them being its adoption in full by the Australian and New Zealand Stock Exchanges, and the ability and willingness of mining industry organisations to bring Competent Persons to account when necessary. The latest revision of the JORC Code was undertaken in 2002/03, based in part on releases of upgraded reporting standards in Canada, United Kingdom/Western Europe and South Africa, and the 2003 edition is expected to be released mid-year. Two of the more significant changes are: the introduction of a requirement for a Competent Person to be responsible for the documentation upon which Exploration Results are reported; and inclusion in the definition of a Competent Person of a reference to ?Recognised Overseas Professional Organisations?, being overseas professional organisations to which Competent Persons may belong for the purpose of preparing documentation for the submission of reports to the Australian Stock Exchange.

May 1, 2003

By A. Shakoor, T. P. Gautam

The long-term slaking behavior of clay-bearing rocks in the field can be quite different than the short-term slaking behavior in the laboratory. To assess this difference, 12 replicate samples of each of 20 clay-bearing rocks, including 5 claystones, 5 mudstones, 5 siltstones, and 5 shales, were exposed to natural climatic conditions for 12 months. After each month of exposure, one replicate sample of each rock was removed from natural exposure and its grain size distribution was determined. Disintegration ratio (DR), defined as the ratio of the area under the grain size distribution curve of the slaked material for a given rock to the total area encompassing all grain size distribution curves of the tested samples, was used to quantify the amount of disintegration under natural climatic conditions. DR values of naturally exposed samples were then compared with the corresponding values of second-cycle slake durability index (Id2) determined in the laboratory. The relationship between Id2 and DR after, 1 month of exposure, exhibits an R2 value of 0.65 but the relationship deteriorates when DR values for 6 and 12 months of exposure are used, with R2 values of 0.63 and 0.25, respectively. However, when DR values for laboratory samples, computed from grain size distributions of slaked material after second cycle, are compared with DR values of naturally exposed samples for the three periods of exposure, the relationship improves with the corresponding R2 values being 0.61, 0.71, and 0.41. These results suggest that DR may be a better parameter for assessing the long-term disintegration behavior of clay-bearing rocks than Id2.

Jan 1, 2015

By M. Ruel

In today's highly competitive worldwide market, it is becoming extremely important for managers to make sure that all resources are used where needed the most. That way, all resources are generating added value, process control equipments are maintained in an optimal state for best performance, and final product is produced at least cost. Performance monitoring is the only way to ensure that everyone is working on top priorities toward the same goal. How can we add value to these warehouses of data? The data is there and the information is hidden; it is just waiting to be extracted. A process performance monitoring system is able to determine if a loop, a system, a unit, or a plant meets the expected performances. The system prioritizes the areas that need attention. It also provides historical reports of the plant status by areas, by loops, and by identified problems. This information is provided to different categories of users in an appropriate format for each one. The system also includes diagnostics and tools to detect and analyze problems.

Jan 1, 2007

By T. Bhambhani, Mukund Vasudevan, Partha Patra, D. R. Nagaraj, P. Somasundaram

Selective Ni separation from ultramafic ores rich in serpentines has been a huge challenge in the mineral processing industry, and therefore highly inefficient. Analysis of the root causes of the challenges and consequent development of robust processing solutions were the main goals of the Cytec-Columbia. University-Vale Joint Development Program. In this context, the subject of this paper is limited to one of the key findings of this research program which is the influence of fibrous serpentines on grade-recovery characteristics. Specifically, the poor flotation behavior is characterized by an atypical reverse C-shaped grade-recovery curve.

Jan 1, 2011

By Roger J. Goodman, Don Riva

"IntroductionCrows Nest Resources Limited (CNRL), a wholly-owned subsidiary of Shell Canada Resources Limited, is nearing completion of its first coal project, located in southeastern British Columbia. CNRL shipped over 700,000 tonnes of thermal coal to foreign markets in 1982. With the completion of the metallurgical coal plant in December, 1982, shipments of both thermal and metallurgical coal will increase substantially in 1983 and will approach the anticipated operating capacity of 3.0 million tonnes in 1985. The Line Creek Mine lies some 25 kilometres north of Sparwood in southeast British Columbia (Fig. 1). The open-pit mine is located on top of Line Creek Ridge, with coal being hauled 16 km to the thermal and metallurgical coal preparation plants, situated adjacent to the already existing Canadian Pacific Railway. Most of the coal is moved by 108 car unit trains by CP Rail to coal ports in Vancouver, where it is loaded onto vessels destined for overseas markets. Some smaller scale car load shipments are moved by rail to contiguous markets in the Pacific Northwest. History The southeastern British Columbia area, known as the East Kootenays, is steeped in a rich coal mining heritage, dating back to the latter part of the nineteenth century. Predecessors of Crows Nest Resources Limited were instrumental in developing the rich coal reserves in the area. In 1887, William Fernie, a pioneer-cum-prospector recognized the potential of coal deposits in the East Kootenays. Spurred by the relentless push west of the Canadian Pacific Railway through the Crows Nest Pass area, Fernie recognized that it was just a matter of time before the steam locomotives provided him with his required market. That time arrived in 1897 when Fernie helped to form the Crows Nest Pass Coal Company and coal mining commenced at Coal Creek, near his namesake town of Fernie. During its almost 70-year history, this company produced over 48 million tonnes of steam coal and 8 million tonnes of coking coal. In 1965, the Crows Nest Pass Coal Company was re-named Crows Nest Industries, to better reflect its expanded interests into forest products, and it is the latter company which Shell Canada Resources Limited acquired in 1978. The extensive coal resources of Shell, in both Alberta and British Columbia, were rationalized into one group with the birth of Crows Nest Resources Limited to manage and develop the coal holdings."

Jan 1, 1985

By M. F. Goudge

THE present century has witnessed an amazing transformation in the uses of limestone. From being mainly a structural material, a role it has played since the beginning of civilization, it has become one of the in-dispensable raw materials for use in the great chemical and metallurgical industries that play such a vital part in the economic life of the nations today. Its uses have become so diversified and numerous that it enters, directly or indirectly, into nearly every phase of modern life. In this introductory paper it is proposed merely to outline the general usefulness of limestone and to point out some of its salient features, and to leave any detailed discussion of uses to the papers that follow. The term limestone as herein used embraces all kinds from the variety known as high-calcium limestone, which is composed almost entirely of calcite, to the dolomitic variety, composed largely or entirely of the mineral dolomite. Lime is simply calcined limestone and, in considering the uses of limestone, the uses of lime should also be included, particularly in view of the fact that, in many processes, it is possible to use limestone in either the raw or the calcined state.

Jan 1, 1939

By L. R. Wilkinson, W. J. Howarth, G. J. Wenk

Over a period of three years, a cooperative program in Australia has resulted in the development of radioisotope immersion probes for the on-stream analysis of mineral slurries. Two basic probe types are now available on a commercial basis - fluorescence and absorption probes - and within each type there are a number of variations so that optimum sensitivities can be obtained for elements with atomic number greater than titanium (22), thus covering most metals of interest to modern metallurgy.

Jan 1, 1973

By Deepak Bhadouriya, Saurabh Singh, Aditya Raj Suman

"An experimental study of chemically enhanced filtration and dewatering of fine coal slurry with and without additives was carried out. The experiment involved determination of effect of slurry concentration, additives (cationic, anionic and nonionic), filter area, filtration velocity, particle size and cake resistance on dewatering and filtration using vacuum filtration cell. Finally, the rate of filtration and dewatering and optimum amount of additives used were determined under suitable filtration condition. Overall, it was found that the filtration and dewatering characteristics were enhanced by increased slurry concentration, larger filter area and larger particle size. In addition of additives, the kerosene was found to be best for enhancing the filtration which yielded cake moisture reductions of approximately 17% by weight. At optimum dosages, the final cake moisture contents were reduced by 3.6% and 5.8% by weight using the appropriate surfactant and flocculent, respectively.INTRODUCTIONFor India, it is estimated that coal constitute a principal source of energy for the next several decades. It is majorly used at thermal power plants to generate electricity and also to a great extent in steel and cement industry. It has been observed that its consumption is increasing so as to meet the energy requirements of the country. It has been found that in a coal preparation plant; approximately 20-25 percent coal is of the mined coal of the range below minus 0.5 mm (28 meshes). Generally, this fine fraction is discarded due to its high cost of processing and further utilisatisation is very minimal. But with ongoing research and development for advanced clean coal technology, various new techniques have been evolved to maximize the utilization of available coal. In recent time technologies such as column flotation, cleaning of fine size coal to lower the ash content and low pyretic sulfur is feasible at high recovery value. But in various researches it is found that one of the biggest hurdles in utilization of fine coal cleaning technology by the coal industry is the economic dewatering of the fine clean coal product. Thus, until an economical and practical solution to dewatering of fine clean coal is achieved, the efforts devoted to developing fine clean coal technology will be wasted. In this paper an effort toward enhancing and developing the optimum technique of dewatering and filtration of fine coal slurry has been made."

Jan 1, 2016

By H. A. Khorami, T. Wong, B. Velapatino, E. Asselin, T. Donnelly, E. Bryce, R. Dixon

A copper–nickel concentration gradient alloy was designed and fabricated through a powder metallurgy (PM) process. Copper and nickel powders were mixed with different weight ratios from 0 to 100% copper in 10% increments. Each powder mixture was poured inside a cylindrical die and compacted between two punches using a hydraulic press machine at pressures up to 70 MPa, resulting in approximately 1 mm thick layers (discs) of pressed Cu–Ni powder. These 11 Cu–Ni compacted powder layers, i.e. 0–100% Cu with 10% increments, were then compressed together with pressures up to 420 MPa to form a green part. The green part was sintered in a vacuum furnace at 1000°C for 10 hours to form a solid mass (PM part) of Cu–Ni concentration gradient alloy. In the sintering process, Cu and Ni particles fused together and formed a single piece due to diffusion of the atoms across the boundaries of the particles. The diffusion of atoms also converted the stepwise concentration change into a uniform concentration gradient. INTRODUCTION Copper has numerous applications in different industrial sectors due to its superior physical, electrical, mechanical and chemical properties such as its excellent thermal and electrical conductivity, resistance to fatigue, high ductility, and resistance to corrosion. Moreover, copper and its alloys have natural antimicrobial properties. This has opened up new applications for copper–based self–disinfecting surfaces in healthcare in an effort to mitigate healthcare–associated infections (HAIs). HAIs affect millions of patients each year, leading to significant morbidity and mortality as well as financial losses to healthcare systems (World Health Organization, 2016). HAIs spread through three main routes: (a) iatrogenic in which HAIs are a direct consequence of medical encounters and/or treatment; (b) person to person where organisms are transferred between healthcare workers, patients, and visitors; and (c) environmental where transmission occurs via contaminated surfaces and equipment (e.g. doorknobs, railings, toilets/commodes, medical carts). The use of antimicrobial copper–based materials on high touch surfaces could diminish pathogen transmission via this latter rout. This has subsequently led to the development of a variety of copper–based materials for use in healthcare settings and promoted the investigation of the antimicrobial efficacy of copper–based materials.

Jan 1, 2019

By J. G. Schofield, C. G. Tan, R. J. Ord

"Most electric furnaces in the nickel and copper smelting industries are still fitted with conventional electrode holders which consist of water-cooled electrical contact clamps and a pressure ring. The water cooling exerts a significant cooling effect on the electrode column. The importance of controlling the temperature of the Soderberg electrode paste at the contact clamp area is examined, using in-plant experience and computer simulation of the paste melting and baking process. In addition to the effect of water-cooling, the effect of other variables, including the mantle air temperature, the electrode current, the furnace freeboard temperature and the electrode slipping rate are discussed. Ways in which the variable heating conditions in the paste melting zone can be controlled are outlined.IntroductionIn most non-ferrous electric smelting operations, the breakage of Soderberg electrodes is an infrequent, isolated occurrence. Occasionally, however, a rash of breakages may be experienced on a particular furnace for what appears to be no obvious reasons. The extent of the breaks may not exhibit a uniform pattern; sometimes the break may be less than half a metre above the electrode tip; at other times it may be at or just below the roof level. The latter type of break is, of course, the most dangerous since it is closest to the non-baked, weak portion of the electrode paste column. No matter where the breaks occur, they result in abnormal furnace power, charging and tapping conditions and loss of production while the new electrode section is slipped and baked. On a six-electrode furnace, breakage on one electrode has the immediate effect of reducing the total furnace power by one-third. On a three-electrode furnace, the effect is more drastic, one half of the power being lost."

Jan 1, 1995

By G. Hamel

The LCL&L process (Low Caustic Leaching & Liming) is a patented hydrometallurgical route developed by Rio Tinto Alcan (RTA) to economically process spent pot lining (SPL) generated by aluminum cells. The three resulting end-products (carbonaceous, fluorinated and caustic liquor) are inert and have valorization possibilities. An industrial size pilot plant located in Saguenay (Quebec) was inaugurated in mid-2008 to demonstrate and optimize the technology. This paper describes characteristics of the LCL&L process and the experience acquired by RTA since the plant's start-up, including ramp-up capacity and technology challenges that were overcome. Possible end-products valorization methods are also presented. The carbonaceous end-product can be separated into carbon and brick rich fractions and used as either alternative fuel, reducing agents, or as raw material for third party processes. The development of a conversion process for the fluorinated end-product would allow its reuse as a substitute to fluorspar mineral for aluminum fluoride production. Finally concentrated caustic liquor is already valorized at the nearby RTA Vaudreuil alumina refinery.

Jan 1, 2011

By A. Galley, R. Tosdal, F. Robert

The Canada Mining Innovation Council (CMIC) Exploration Innovation Consortium developed a 10-year business case for developing new discovery criteria, exploration techniques, and better data management and analysis to improve exploration success in deep, remote, and covered terrains. Within this context, the CMIC devised a five-year project proposal to create improved multiparameter exploration tools to detect ore systems and more efficient vectoring toward high-grade mineralized cores. The Footprints project was approved March 2013. More than CAD$13 million funding was provided through the CMIC-led joint sponsorship from 30 companies and the Natural Sciences and Engineering Research Council. Consistent industry leadership and integration of dedicated industry and academic expertise has the project on track for reaching its well-defined objectives.

Jan 1, 2014

By G. L. Zhu, Y. F. Wu, H. Nagaumi

A novel eutectic-type alloy Al12Si-HTC with high thermal conductivity has been developed by strict chemical composition control and heat treatment. The thermal conductivity of the alloy is about 30 % higher than that of current commercial Al12Si alloy. The Al12Si-HTC alloy has a silicon content of 10~12 wt.%, which provides excellent castability. Trace element strontium or calcium is added to modify eutectic silicon, and contents of transition elements such as copper, manganese are controlled in a low level. By appropriate heat treatment, thermal conductivity of the castings increases by 7.5 % and finally reaches 172 W/(m·K). It is found that eutectic silicon modification which makes average particle size finer than 2µm plays a dominant role in improving thermal conductivity, as well as further spheroidization of eutectic silicon and reduction of lattice defects in a-Al microstructure in subsequent heat treatment process. The alloy is successfully applied to produce a certain communication enclosure with complex finned structure by die casting process in industrial scale. The results of numerical simulation and thermal analysis experiments show that when manufactured by Al12Si-HTC alloy, the surface temperature of chips in the enclosure is reduced by 2.0~4.5 ? and the temperature distribution is more homogeneous compared with traditional Al12Si alloy.

Jan 1, 2015

By Jean Descarreaux

"The Rexspar uranium deposits are located near Birch Island in central British Columbia. The property lies within the Omineca crystalline belt of the Cordilleran Orogen. Gneiss, schist, tuffaceous and porphyritic trachyte are the main rock types encountered on the property. These rocks are of pre-Late Triassic or probable Mississippian age.Lenticular bodies of mica and pyrite-rich rock are the host of three closely spaced uranium deposits and are found close to a fluorite deposit. The altered trachytic rock as well as the fluorite and uranium deposits are found in the upper part of the trachyte unit. The latest tonnage estimates are 1,441,820 tonnes averaging 23.46% CaF, for the fluorite deposit, 490,966 tonnes of 0.084% U10afor the 'W' deposit, 164,290 tonnes of 0.074% UP8 for the ""B"" deposit and 459,124 tonnes of 0. 071 o/o UP8 for the ""BD"" deposit.A hydrothermal replacement origin was first proposed for the fluorite and uranium deposits. The mineralizing and altering solutions would have been genetically related to a felsic batholith outcropping a few kilometres south of the property. Another hypothesis has been proposed more recently. A volcanic centre has been tentatively identified in the upper part of the trachyte unit, close to the mineral deposits. The fluorite and uranium deposits could possibly be volcanogenic, rather than related to the Cretaceous felsic batholith.IntroductionFluorite and uranium mineralization occur on the property of Consolidated Rexspar Minerals and Chemicals Ltd. in central British Columbia. The exploration and development works executed over the years are summarized in this paper. The deposits and their geological environment are described but the origin of the mineralization has not been definitely established."

Jan 1, 1986

By Dale Scott

"The Aggregate Resources Inventory Program was initiated 10 produce reports which assess the aggregate resources of municipalities designated under the Pits and Quarries Control ACI, 1971.Each report consists of three copies accompanied by a text. The text describes the local mineral aggregate resources, extractive activity and characteristics of the ""Selected Deposits"". The first map shows the known sand and gravel resources and their quality. The second map indicates selected sand and gravel resources of primary, secondary and tertiary significance. The third map indicates both bedrock resources and bedrock areas suitable f or extraction. These maps and the text are prepared in a formal suited for use by planning personnel.Recently, the Aggregate Resources Inventory Program has undergone evolutionary changes. New sources of data are being utilized in the inventory reports; in particular, detailed field assessment by inspecting, sampling, drilling and backhoe pitting. Liaison and joint assessment with district and regional Mineral Resources staff of the Ministry of Natural Resources, and personnel of the Ministry of Transportation and Communications, are key components of the Program.Twenty-two reports were available to the public as of December 1980, with a further thirty-six awaiting publication. Our present production rate is 3.5 reports per month. The reports appear to be well accepted by the municipalities and have proven effective in conserving prime aggregate resource areas.IntroductionThe urbanization of Southern Ontario has resulted in a major increase in the production of industrial minerals, such as sand, gravel, clay, shale, gypsum and stone, for use as cru shed aggregate, building stone, lime and cement.Although mineral aggregate deposits are plentiful in Southern Ontario, they are fixed-location, non-renewable resources. The potential for extractive development is usually greatest in urban fringe areas where land-use competition is extreme. Comprehensive planning and resource management strategies are required to make the best use of available resources, especially in those areas experiencing rapid development. Such strategies must be based on a sound knowledge of the total mineral aggregate resource base at both local and regional levels."

Jan 1, 1982

By Dale Scott

"The Aggregate Resources Inventory Program was initiated 10 produce reports which assess the aggregate resources of municipalities designated under the Pits and Quarries Control ACI, 1971.Each report consists of three copies accompanied by a text. The text describes the local mineral aggregate resources, extractive activity and characteristics of the ""Selected Deposits"". The first map shows the known sand and gravel resources and their quality. The second map indicates selected sand and gravel resources of primary, secondary and tertiary significance. The third map indicates both bedrock resources and bedrock areas suitable f or extraction. These maps and the text are prepared in a formal suited for use by planning personnel.Recently, the Aggregate Resources Inventory Program has undergone evolutionary changes. New sources of data are being utilized in the inventory reports; in particular, detailed field assessment by inspecting, sampling, drilling and backhoe pitting. Liaison and joint assessment with district and regional Mineral Resources staff of the Ministry of Natural Resources, and personnel of the Ministry of Transportation and Communications, are key components of the Program.Twenty-two reports were available to the public as of December 1980, with a further thirty-six awaiting publication. Our present production rate is 3.5 reports per month. The reports appear to be well accepted by the municipalities and have proven effective in conserving prime aggregate resource areas.IntroductionThe urbanization of Southern Ontario has resulted in a major increase in the production of industrial minerals, such as sand, gravel, clay, shale, gypsum and stone, for use as cru shed aggregate, building stone, lime and cement.Although mineral aggregate deposits are plentiful in Southern Ontario, they are fixed-location, non-renewable resources. The potential for extractive development is usually greatest in urban fringe areas where land-use competition is extreme. Comprehensive planning and resource management strategies are required to make the best use of available resources, especially in those areas experiencing rapid development. Such strategies must be based on a sound knowledge of the total mineral aggregate resource base at both local and regional levels."

Jan 1, 1982

By R. Salimi

Tricalcium aluminate hexahydrate (TCA) is used as filter-aid for security filtration in the Bayer alumina process. TCA is typically produced on-site by mixing Bayer liquor with slaked lime. Specific properties are required from the TCA to ensure adequate filter throughput, lifetime and importantly effective reduction of solid/colloidal impurities from the solution. The effect of reaction time on morphology and particle size distribution of tricalcium aluminate was studied for a batch experiment at simulated process conditions. It was found that reaction time plays a critical role on the morphology, crystal structure (diameter and crystallinity) and particle size distribution. In the early stages of the reaction, nucleation dominates the crystallization process followed by growth dominated by agglomeration up to a mean particle size of 10 µm. The particle morphology shifted from an irregular shape to more spherical throughout the course of the reaction.

Jan 1, 2014

By D. L. Morgan, J. A. Butterfield

"Geological data, production trends and current projects underway suggest that enough molybdenum will be available from more diversified sources to meet the world's growing demands. The growth in molybdenum consumption has been primarily related to its beneficial effects as an alloying agent in steel. This rapid growth has been deliberately fostered by stable prices, adequate supply and application research. The molybdenum industry is now in a process of change which has been seen in several other metals, such as aluminum and nickel. As supply sources have become more diversified, the market has become more competitive. The recent drop in consumption has led to excess production capacity, accumulation of substantial producer inventories and increased market uncertainties. While consumption is expected to increase in the next two to three years, it will take some time to absorb the excess capacity and inventory. The increased proportion of by-product capacity indicates that prices may become more variable. Producer discipline will be required to prevent serious price erosion in times of surplus. Future prices may not continue to increase with inflation. For the longer term, several factors favour the increased consumption of molybdenum. Engineering requirements are becoming more severe and molybdenum alloys can help to meet these changing needs. In addition, consumers can rely on a large and increasing supply of molybdenum. A 7 per cent growth rate in consumption can probably be sustained through the next decade, but new applications and reasonably stable prices will be needed to make this possible."

Jan 1, 1972