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By D. W. Loughridge

INTRODUCTION Raising capital in the 1990s is a timely subject. However, many of us thought why should raising capital in the 1990s prove to be unlike it was in the 19805, the 1970s, the 1%0s, or earlier? There are a lot of creative people in banking and in corporate treasury departments. New tools and techniques are continuing to emerge, many of which are discussed in other papers in this book. While we have new financing tools at our disposal, the underlying issue has not changed. Projects and investments must be judged on their own merits. If they cannot be justified by conventional financial analysis, they should not be built. If they can be justified, it is likely that the financing will be available. The challenges faced in raising capital in this decade will persist to the next. The issues of the 1980s -- currency fluctuation, disruptive merger and acquisition activity, commodity price volatility, political risk, and debt crisis -- will all persist in an increasingly international business environment. I will focus on the financing we have just completed for the Escondida Copper Project in Chile. The Escondida financing is structured along the classic project financing model developed in the late 1970s, but it deals with issues of the 1980s and the 1990s. The financing was intriguing, not just because of the technical issues involved, but also the challenge of reaching an agreement in a large and diverse group. Escondida had the one essential feature that made its financing possible. It was commercially very attractive. It would produce at low cost a commodity (copper concentrates) that direct consumers felt would be in tight supply. The project had the direct support not only of its sponsors, but also its customers, and, very importantly, its host government. The non- recourse financing of Escondida would not have been possible without the support of these parties, and without the robust economics that made this effort worthwhile. The issue was more complicated. Operations in all parts of the world entail some political exposure. This project is in Chile, where there was a constitutional requirement that a plebescite be held when the project would be in its early stages. This plebescite would determine the fate of a 15 year old military dictatorship. The project is copper, a commodity generally deemed to be in surplus. Copper has a history of price volatility (whose price has varied from $.58 to $1.53 per pound over the past two years). It is politically sensitive, not only in Chile, but in the United States, Canada and other developed countries. The project is international, with all the problems of dealing with a variety of currencies, a variety of cultures, and a variety of laws and commercial practices. The project is also large and capital intensive, with a total cost of U.S. $1.1 billion. ESCONDIDA PROJECT Escondida, the largest known copper ore body in the world, was discovered in March of 1981, by Utah International in a joint venture with Getty Oil Company. In 1984, both Utah and Getty were involved in ownership changes, Utah being acquired by BHP. A later restructuring of the ownership of Escondida resulted in BHP, as manager, carrying a 60% interest, Rio Tinto-Zinc Corporation (RTZ) 30%, and a consortium of Japanese companies led by Mitsubishi Corporation with 10%. The Japanese consortium is incorporated as JECO (Japan Escondida Corporation). This ownership structure, which spread ownership around the world, was the first tangible step toward managing both the commercial and political risk associated with the project.

Jan 1, 1990

By Oswald J. Heinrich

THE responsibility resting upon the owners and managers of mines where fire-damp is generated, renders it a matter of imperative duty that a full and correct statement of any explosion that occurs should be given to the public. But such a statement must be based on the testimony of impartial eye-witnesses or trained experts. Then a sad experience may result in the adoption of effective preventive measures. In the absence of any official and professional body of mining experts in the State of Virginia, the writer desires to submit to his professional brethren of the American Institute of Mining Engineers an account of an explosion which recently took place in a colliery under his management, and earnestly desires a thorough and impartial discussion on the facts submitted. Description and Plan of the Mine.-The "Grove" shaft is situated at the nearest point 825 feet from the last old workings upon the Midlothian property, south of the old Pump shaft works. (See Plate III.) The shaft was sunk by the former company, some thirty years ago, to the depth of 622 feet. An incline over 230 feet long, starting in a northwest direction at a depth of 105 feet above the shaft bottom, had been driven to explore the coal on the dip. A return of very small dimensions had been driven round the shaft on the south side, entering the upcast chamber. With the information obtained from the former company that a seam of coal about four feet thick, at a depth of 490 feet, had been found, and with the information obtained by the present proprietor, R. T. Burrows, of Albion, N. Y., by means of two boreholes on the dip west of the old shaft, in both of which workable seams of coal at various depths had been ascertained, the clearing out and thorough retimbering of this shaft were commenced in March, 1873. Borehole No. 1, at a depth of 477 1/2 feet from surface, revealed a seam of coal. This borehole was afterwards carried to a depth of 1140 feet to the granite, without finding any other seam of coal. Borehole No. 3, at a depth of 608 feet, revealed the first coal-seam, 142 feet thick; at 633 feet, the second, 12 feet thick; at 662 feet the third, 1 foot thick, and at 692 feet the fourth, 4 1/2 to 5 feet thick. The borehole was stopped at a depth of 715 1/2 feet.

Jan 1, 1877

By J. A. Grimes, Paul Billingsley

A. Introduction. 1. Association of Ores and Igneous Rocks. 2. Identity of Granite Rocks. B. General Geology. 1. Geologic Events of the Igneous Cycle. 2. Association of Igneous Intrusions with Tectonic Forces. C. Igneous Rocks. 1. Andesite Period. 2. Granite Period. (a) Diorite. (b) Quartz-Monzonite. (c) Aplite. (d) Quartz-Porphyry. (c) Quartz-Veins. 3. Rhyolite Period. 4. Comparative Analyses. D. Classification of Deposits. 1. Genetic Classification. 2. Parallelism Between Igneous Stages and Stages of Ore Deposition. Part 2.—The Ore Deposits Andesite Period. A. Andesite Phase. 1. Disseminations—Baggs Creek. 2. Contact Deposits—Iron Mines of Ekhorn Mountains. 3. Fissure Veins—Emery District. (a) Fissure Veins in Andesite Walls. (b) Mineralization Along Bedding of Flows. (c) Mineralization of Amygdaloidal Lavas. (d) Mineralization of Breccia. 4. Summary.

Jan 1, 1918

By J. Burbank

A TECHNIQUE has been developed for the microscopic study of the three-dimensional structure of the Pb-Sb alloys by the formation of a chemical replica in which the internal structure of the metal may be seen directly. In the replica process one of the phases present in the structure as-cast is converted into a translucent material, and the second phase remains virtually unaffected, permitting microscopic examination by transmitted light. Alloys of lead and antimony were made from the chemically pure metals, cast in a sooted and pre-

Jan 1, 1954

By Fred H. Lippold, Wm. H. Wolf

Methods of fair payment for excavating, supporting, and concrete lining tunnels have been sought by various owners for years. Tunneling techniques have changed with the development of equipment-from the hand-mucking operation to the machine mucker and, most recently, to machine-boring; from tunnel supports using timber sets to steel sets to rock bolts and, most recently, to shotcrete support; and from hand-placing the concrete lining using wooden forms to pumping or pneumatic placing using steel forms. As tunnel construction techniques advanced, so did methods for payment for the work performed. The recent development of tunnel-boring machines, or "moles," is precipitating another change. These changes have led to some difficulty in providing proper payment for the various items of work for different types of tunnels. As a major construction agency engaged in water-resources development in the western states, the U.S. Bureau of Reclamation has long been aware of the need for clarification of payment provisions in tunnel construction. The Bureau has some 150 miles of tunnels completed on its projects and about 50 miles of tunnels under construction. In this construction, the Bureau has benefited by the advance made by contractors in improving the techniques of tunnel excavation. To assure that the Bureau has an up-to-date approach to payment provisions, the Chief Engineer recently established a "standard" method of payment for all types of tunnels. It is believed that this new method of payment will be equitable for all contractors bidding on various types of tunnels using the diversity of methods of excavation now available to them. These payment provisions provide for different quantities for excavated tunnels using the blasting technique or using machine-boring techniques. In this way, the contractors have a choice in excavation methods and an equal opportunity to be low in their bids. We believe this will be an incentive to all contractors to be as progressive as the development of new equipment economically allows.

Jan 1, 1970

By Charles R. Keyes

I. Introductory,.......... 185 II. Hypotheses oF the Origin of OzaRk Ores..... 186 1. General Considerations........ 186 2. Schmidt-Leonhard and Gage View...... 187 3. Jenney Opinion.......... 187 4. Posepny Idea,.......... 188 5. Winslow-Robertson Hypothesis....... 188 6. Branner Proposition......... 189 7. Keyes Statement.......... 189 8. Van Hise-Bain Theory........ 190 III. Requirements of an Adequate WoRking-Hypothesis,... 190 IV. GeneRal Geotectonics of the OzaRk Region.... 192 1. Salient Aspects.......... 192 2. Geologic Formations......... 192 3. Character of Faulting...192 4. Extent of Flexing......... 193 5. Unconformity Inequalities....195 6. Warping of Strata...195 V. Classes of Ore-Deposits... 196 VI. Vadose ORe-ConcentRation,........ 197 VII. GeogRaphic DistRibution of the Ore-Bodies,... 199 VIII. Relation of ORe-Deposit to Geologic Structure... 201 1. General Occurrence of Ore-Bodies in Basins.... 201 2. Deposits of the Central Missouri District..... 203 3. Deposits of the Southwestern Missouri District.... 203 4. Deposits of the Northern Arkansas District... 305 5. Deposits of the Southeastern Missouri District.... 206 6. Synclinal Ore-Deposits of Other Districts.....207 7. Significance of Ore-Troughs in Prospecting... 209 8. Origin of the so-called Synclines,...210 9. Significance of the Cross-Bars of Joplin..... 213 10. Relation of Ore-Run to Ancient Relief-Features,... 215 IX. Direction of GRound-Water Circulation..... 216 X. VeRtical Range of Workable Ore-Bodies,... 218 XI. Oscillation of Ground-WateR Level...... 219 XII. Relations of Ore-Bodies to Lithoclasic Features,.. 220 XIII. PRimaRy Source of Ore-Materials,...... 220 XIV. Zone of Ore-Enrichment,......... 222

Jan 1, 1910

By Weldon B. Smith

When faced with excavating vast amounts of overburden at its surface coal mining operation in Centralia, Wash., the Washington Irrigation and Development Co. (Widco) chose to utilize a bucket wheel excavator and shiftable conveyor system. In the early 1970s, Widco-a subsidiary of the Washington Water Power Co.-held reserves of sub-bituminous C coal estimated at some 180 million tons (200 million st). Subsequent investigation of the overlying land formations revealed the need to excavate millions of bank cubic yards of material as part of the mining plans.

Jan 7, 1979

By Henry Louis

The object of the present paper is to describe a primitive method of gold-extraction, practiced by a small colony of Chinese in the district of Tomoh, one of the Siamese-Malayan States. This district has been worked for gold about 150 years, but has been only twice or thrice visited by Europeans, who are looked upon with a good deal of jealousy by the miners. The gold-district, covering not more than 10 square miles, is situated about Lat. 5' 47l N. and Long. -101' 39 E., on the headwaters of the river Teluban. It is a very mountainous region, lying on the northern flanks of the great range that forms the watershed between the rivers Patani, Kelantan, Teluban, etc., on the north and Perak on the south. The gold occurs in narrow veins and leaders of quartz, intersect- ' ing and intercalated among irregularly upheaved and contorted, highly metamorphosed, micaceous and chloritic schists. These veins vary between 3 inches and 3 feet in thickness, and are sometimes very rich. The geology of this region is thus very similar to that characterizing gold-regions all over the world; if must, however, be.

Jan 1, 1892

By D. G. Oss, S. E. Erickson

An automatic control method for the ferrosilicon heavy media process maintains media density within 0.01 specific gravity points. Continued demands for higher grade, competitive products from the Mesabi Range have resulted in experimental work such as that detailed for one concentrator. Various methods, step by step procedures and instruments used at an iron ore beneficiation plant in the development of an automatic control system are described. Work continues and it is hoped that further applications of control instrumentation can be made in the next operating season. The need for instrumentation and automatic control of the various parameters in the heavy media process of iron ore beneficiation has been apparent for some time. Continued demands for higher grade, competitive products from the Mesabi Range have made it necessary to increase the efficiency of the process in every possible way. In a typical heavy media flow scheme for iron ore beneficiation (Fig. 1) a sized, prepared feed (generally about —1% in. to +% in.) is fed to a heavy media separatory vessel, along with a ferrosilicon slurry. A separation of the feed is made on the basis of specific gravity. Low density particles overflow a tailings discharge weir, while high density ore particles sink to the bottom of the high density pool and are moved away to the concentrate discharge chute. Both products are passed over drainage screens and then are cleaned thoroughly of attached ferrosilicon on wash screens. Float material is generally stockpiled, while the sink product is shipped as a final concentrate. Undersize from the drain screens is returned directly to the circulating media sump. Wash screen undersize is cleaned of contaminating ore particles and slimes by passing through magnetic separators. Provision is also made for splitting a portion of the tailings drain undersize into the cleaning circuit if necessary for control of depth of tailings overflow, or for additional cleaning as required. Cleaned ferrosilicon is stored in a densifier and returned to the Circulating media sump as make-up material. Dilution water is also added to this sump to maintain a desired specific gravity of the circulating media. As in any process, operational intelligence is secured only by keeping records of the process variables. Generally apeaking, plant operators have neither the inclination nor the time to keep complete and detailed records of these variables over the course of their shift. Before instrumentation was added to aid the operator, specific gravity was measured by weighing a given volume of pulp at intervals of from 30 to 60 min. Scale readings were made at the beginning and end of each shift. No records were kept of operating conditions, such as rpm of the separatory ves-sel, media level in the machine, tons per hour of the products, and so forth. These items were recorded only when spot checks were made by the metallurgical staff. CONTlNlJOUS DENSITY RECORDING The first process instrument used, other than the usual ammeter on the drive motor of the separatory vessel, was a nuclear density gauge and its associated circular chart recorder. These instruments were used to indicate and record specific gravity of the circulating media. This was a tremendous aid to the operator in that tie was able to observe and correct the specific gravity at any time. There was also added incentive to make frequent corrections because of the permanent record made by the recorder of the densities. The addition of the nuclear density gauge was influential in securing optimum quality and recovery of the heavy media product. Manual control was improved, and it became possible for a good operator to main control within f.05 specific gravity units. This compares with an unknown quantity, estimated at f0.15 gravity units, when manual measurement and control was used. An example of the improvement in manual control over the course of one season's operations is shown in Fig. 2. Chart A is typical of the records made shortly after the gauge was installed. Needless to say, it was difficult for operators and foremen alike

Jan 1, 1962

By A. E. J. Engel

INDUSTRIAL talcs and ground soapstones both include earth materials of different chemical and mineral compositions. In general, the industrial talcs are composed of silicates that contain appreciable amounts of magnesia. Generally talc, the mineral, is a predominant or at least common constituent. Talc, the mineral, is a hydrous magnesium silicate, with a suggested theoretical formula H2Mg3 (SiO3)4 or H2O.3MgO.4SiO2, which postulates 63.5 pct SiO2, 31.7 pct MgO, and 4.8 pct H20.11 Actually different single grains or leaves of pure talc have variations in water content ranging from 3.5 pct to more than 7 pct, as well as slight differences in the proportions of MgO and Si02.16 Only a very small percentage of the ground industrial talcs produced in the United States approaches the composition given above (see Table 1). The purer talcs invariably occur as alteration products of magnesium carbonate rocks. Some of these relatively pure talcs include compact, massive types largely mined in California, which are designated as steatite.38,58 In general, steatites cannot contain in excess of 1.5 pct CaO, 1.5 pct combined FeO and Fe203, and 4 pct A1203. The less pure varieties of massive talc and mixtures of magnesian silicates are commonly called soapstones, or merely talc. Many industrial earth products classified as talc or as soapstone contain a variety of minerals, especially serpentine (H4Mg,Si2O9), chlorites (hydrous magnesium, iron, aluminum silicates), tremolite (Ca2Mg5H2[SiO3]8), anthophyllite ([MgCa]SiO3), diopside (CaMg[SiO3]2), and quartz (SiO2). The carbonates calcite (CaC03), dolomite (CaMg[CO3]2), and magnesite (MgCO3) are also present in some industrial talcs and soapstones. Some of these minerals, as well as sulphides, sulphates, and iron and manganese oxides, if present at all or in excess of minute amounts, may alter the composition of the industrial talc sufficiently to restrict materially its use or to lower or destroy its value. These factors are discussed in a subsequent section of this chapter.

Jan 1, 1949

Jan 1, 1895

By B. H. Sage

ATTEMPTS have been made to predict the volumetric and phase behavior of naturally occurring hydrocarbon mix-tures1-5 but these methods have not been extended to the higher pressures and tem-peratures that are currently encountered in some producing formations. Furthermore, the methods of prediction at present avail-able have not been tested in a sufficient number of cases to ensure their applica-bility to all naturally occurring hydrocar-bon mixtures, even at the lower pressures and temperatures. For these reasons the behavior of a number of hydrocarbon mix-tures from a field in which the subsurface pressures are above 4500 lb. per sq. in.? and the temperatures are in the neighbor-hood of 250°F. was investigated.

Jan 1, 1940

By J. K. Brooke, F. A. Renninger

During 1966, crushed stone production in the United States totaled just over 811 million tons valued at almost $1.2 billion. This represented in- creases of 4 % in tonnage and 5 % in value over that for 1965. Excluding the crushed stone used for agricultural and certain industrial purposes (cement, lime and flux), crushed stone mineral aggregate production totaled 616.3 million tons valued at almost $910 million, also up roughly 4% in tonnage and 5% in value over the 1965 figures. Limestone was by far the most widely used rock variety, followed by basalt, granite and sandstone in that order. Concrete aggregate and roadstone continued as the main uses for stone, accounting for 63% of all tonnage produced in 1966 and 60% of total stone value. Sand and gravel production in 1966 increased 3% over that for 1965. Total 1966 output was just in excess of 934 million tons valued at almost $985 million as compared with 908 million tons at $957 million for the previous year. Excluding the higher valued industrial sands, 903.2 million tons of sand and gravel valued at $891.6 million were used directly as mineral aggregates, representing a 2.9% increase in tonnage and a 2.4% increase in value over 1965.

Jan 2, 1968

By H. E. McKinstry

MOVEMENT on a fracture of irregular shape can cause local widening of the fissure and thereby offer freer channelways for circulation of ore-depositing solutions. This influence, coupled with large areas of wall rock available for reacting with ore solutions in brecciated and shattered ground can account for locally active deposition of metals and the resulting ore shoots. Such irregularities in the fracture system may be caused by local variations in the strength of rocks and by pre-existing lines of weakness, especially if these stand at favorable angles to certain components of the fracturing stress. Therefore correct interpretation of the mechanics of fracturing should permit deductions as to structurally favorable places on unexplored portions of the vein system. INTRODUCTION IT has long been recognized that movement on a curved or irregular fault surface is capable of separating the walls in certain portions of the fault, but until very recent years the importance of this mechanism as a factor in localizing ore shoots has escaped proper recognition. A short time ago W. H. Newhouse' presented a careful analytical study of displacements and their corresponding open spaces. For reasons that will be discussed later, it frequently happens that portions of the vein which are favorably oriented are not merely wider but also richer than the average. In many cases the widening with its accompanying richness coincides with very minor changes in the dip or strike of the vein, irregularities that commonly escape notice unless the vein is mapped in detail and a careful geometrical analysis made. While the relationship between the width of the vein and the changes in dip or strike has been recognized as a matter of observation, the irregularities have been accepted as more or less the result of accident. There has been very little effort except in isolated cases to find out the causes of these changes in dip or strike. Yet it is clear that if the causes can be recognized and expressed in terms of geologic structure the geologist will know where to look for repetitions of these favorable conditions either on extensions of the same vein or on adjoining veins. Any lack of understanding of the causes is due to the limitations of our ability to interpret our observations and not to the sheer capriciousness of

Jan 1, 1941

Total U.S. mineral production reached an estimated $17.8 billion for 1960, 4 pct above 1959 and second only to the record high of $18.1 billion established in 1957. As a group, metals achieved a rise from $1.6 billion in 1959 to $2.0 billion this year, an increase of 28 pct. Similarly the value of nonmetallic production including fuels (i.e., natural gas, petroleum, natural-gas liquids, asphalt and related bitumens, carbon dioxide. anthracite. bituminous and lignite coal, peat, and helium) rose from $15.5 billion in 1959 to approximately $15.8 billion in 1960. However, this 2 pct increase in the total value of non-metallic production was due to an increase in the value of the fuels ($11.8 billion in 1959 to $12.2 billion in 1960) which offset a drop in value of the other nonmetallic minerals ($3.7 billion in 1959 to $3.6 billion in 1960).

Jan 2, 1961

By P. F. McIntyre

Electrolytic refining of lead was first carried out on a commercial scale at Trail, B. C., in 1903. The capacity at that time was small, and cell-changing operations were managed with chain block and monorail. Development up to 1922, utilizing crane installations and cell additions, attained a production of 100 tons per day. Successive additions from 1922 to 1926 further increased the rated capacity to 396 tons per day. Other improvements in metallurgical practice have gradually increased production, until for the year 1935 it was 448 tons per day. During the first five months of 1936, an average daily production of 504 tons was maintained without increasing the size of the plant. Lead Refinery Buildings.—The tank room and the lead-melting and casting equipment are housed in two buildings, which parallel each other and which for the greater part of their lengths are joined by a connecting aisle. All basements, walls, sumps and floors are of concrete. Where exposed to the electrolyte, the concrete has a protective coating of asphalt (220" melting point) over a coat of asphalt paint as a primer. Buildings erected before 1924 are of wood. More recent additions are made of structural steel with gunite siding. A brick building, adjoining the older section of the tank room, houses the slimes-treatment plant. The power house, containing motor generators, air compressors and rectifiers, is constructed of tile. Cell Construction.—The electrolytic cells are of reinforced concrete lined with asphalt. They are cast in pairs, the outside dimensions of a double cell being 113 in. long by 73 in. wide by 48 in. deep. The bottom is 6 in. thick and the sides, ends and center wall are 4 in. thick. A ledge 3 in. wide and 2½ in. deep is left along the top of the side walls to carry the insulators and bus bars. Reinforcing consists of ½-in. round iron rods. Cell inspection and repair work is done in conjunction with the cell-changing operations. The repair work necessary is usually confined to renewing chipped asphalt, unless a tank has been accidentally broken. Minor concrete repairs can be easily made in place. The broken concrete

Jan 1, 1937

By P. W. George

This paper presents geological data regarding deposits of over 7,500,000 tons of fine-grained sulphide ore in barite gangue. A series of pyroclastics and arkoses was intruded by sills of quartz porphyry in connection with batholithic intrusions of granite 3 miles from Buchans. Gentle folding, with fracturing acid shearing of tuff beds and intruded quartz porphyry, accompanied and followed the intrusion of granite and porphyry. The sulphide-barite mineralization is localized primarily in fractured and sheared tuff beds, but also in the sheared quartz porphyry. Two structures have proved particularly favorable for mineralization-one, the center of an anticline; the other, a series of weak, incompetent tuff beds intruded by thin sills of quartz porphyry and located between strong beds of arkose. During the folding the weak tuff with intruded quartz porphyry was intensely sheared and contorted and subse-quently mineralized by sulphides and barite.

Jan 1, 1937

A1 in carbon steel, equilibrium temperature, XLVII, 740-747. A2 and A3 in pure iron, critical ranges, XLVII, 665-739. Abbott, Ai Arthur: [biog. notice, Bulletin No. 27, Mar., 1909, xxvii]; death, XXXIX, . [xl]. Abbott, Arthur Vaughan: [biog. notice, Bulletin No. 16, July, 1907, 6581; death, XXXVII, [xxxix]. [ ]

Jan 1, 1918

By D. J. Jr. McAdam

RESULTS of investigation of corrosion-fatigue of metals at the U. S. Naval Engineering Experiment Station have been presented by the author in four papers. 1,2,3,4 In those papers references were given to the work of Haigh in 1917.5 The investigation at Annapolis included a variety of ferrous and non-ferrous alloys. The experiments showed that even slight corrosion simultaneous with fatigue may cause failure at stresses far below the ordinary endurance limit. The experiments also showed that, for most metals, severe stressless corrosion prior to fatigue is much less damaging than even slight corrosion simultaneous with fatigue. The term "corrosion-fatigue" was restricted to mean the simultaneous action of corrosion and fatigue. The combined effect of corrosion followed by fatigue was called "prior-corrosion fatigue." A stress-cycle graph representing corrosion-fatigue is a curve approaching a horizontal asymptote, the ordinate of which may be called a "corrosion-fatigue limit." To avoid confusion in later discussion, the term "endurance limit" will be restricted to mean the fatigue limit obtained by tests in air with specimens as free as possible from stress concentration and from corrosion. The endurance limit as thus obtained presumably represents an inherent property of the metal.

Jan 1, 1929

By Charles Eichrodt

THE ore that is being treated by the present plant lies between the leached zone, or capping, and the mixed sulfide and oxide zone. The principal copper minerals are chalcanthite (CuSO4.5H20), brochantite (CuS04 3Cu (OH)2) and atacarnite, (CuC12.3Cu (OH)2). There are, in addition, some other minerals such as cuprite and kröhnkite (CuSO4. Na2SO4.2H20). These minerals, with many others, occur in a greatly crushed granodiorite rock. Most of the copper-bearing minerals occur in the cracks and veinlets, but there are disseminated values and it is probably the relative proportion of these that accounts for some otherwise unexplainable variations in extraction. The entire mineralization of the ore is complex and varies with depth. This variation, the problems presented thereby, and the effect of various constituents of the ore will be taken up in detail. An analysis of an unweighted composite of the ore treated during 1927 follows:

Jan 1, 1930