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By F. T. Cawood

Inauguration of the new political dispensation in South Africa in 1994 initiated a dynamic shift in the ownership, management and development of the country’s affluent mineral heritage. The process of substituting the old South African regime with a new equitable system, started soon after the 1994 election of the African National Congress (ANC) to parliament. The Congress’ Freedom Charter revealed the intent of the new dispensation when it called for radical transformation of mineral development. However, since 1955 there have been important changes affecting the rules of mineral development. These are: •Firstly, a drastic change in politics ushered in by negotiation, a spirit of reconciliation and a desire to settle disputes peacefully •Secondly, the globalization of the South African mining industry in tandem with the opening of domestic mineral resources to foreign capitalists; and •Thirdly, the introduction of sustainable development as a holistic approach to mineral development in order to replace traditional narrow-minded environmental management. Each of these significantly shaped the new mineral investment environment of South Africa. This paper represents a summary of the historical developments leading to the current Mineral and Petroleum Resources Development Act No. 28 of 2002, its Regulations, the much-publicised Broad-Based Socio-Economic Empowerment Charter and its associated Scorecard.

Jan 1, 2003

By G. R. Speich, L. Zwell, H. A. Wriedt

HORNBOGEN1 has recently shown that it is possible to measure the degree of segregation accompanying cellular precipitation in ferritic Fe-Zn alloys by measuring the lattice parameter of the ferrite phase within the cell. In extending this work to study a wider range of composition and to evaluate the free-energy change accompanying the growth of the cells, the lattice parameter and the boundary of the a! phase in Fe-Zn alloys were redetermined to check the earlier work of Schramm.2 This appeared to be necessary since the Fe-Zn diagram has been drastically revised since the work of Schramm. Stadelmaier and Bridgers3 have recently shown that, contrary to prior belief: the y iron field is closed and the a phase boundary extends to an a + T + L peritectic at 782°C where peritectic a contains 42 at, pet Zn. The phase T in equilibrium with the a solid solution has a composition near Fe3Zn10 and a cubic 081 type structure.' The alloys were prepared by two different methods. In the first method carbonyl iron powder (400 mesh, 99.8 pet pure) and high-purity zinc powder (200 mesh, 99.99 pet pure) were mixed in a ball mill and then pressed in a die at 40,000 psi pressure to make compacts with a diameter of 5/8 in. and a thickness of l/4 in. These were sealed in evacuated quartz capsules, gradually heated to 1100°C over a period of 1 week (3 days at 600°C) 3 days at 800°C, 1 day at (1100°C), and then quenched in iced brine. For the alloys containing 23.4 and 30.1 at. pet Zn, the final homogenization anneals were performed at 1000" and 850°C) respectively, to prevent melting. In the second method, alloys were prepared by saturating high-purity iron millings (0.001 in. thick, 99.9 pet pure) in zinc vapor. For each alloy the impregnation was conducted at a fixed vapor pressure of zinc and a fixed temperature between 750' and 800°C. When saturated, the millings were quenched in water. The compositions of the alloys prepared by both methods are shown in Table I. The lattice parameters of the ferritic solid solutions were determined by comparing the 26 values of their 310, peaks (using Co Ka) or of their 211 , peaks (using Cr Ka) with those of corresponding peaks for high-purity a iron. The 20 values were measured at room temperature with an X-ray dif-fractometer (G.E.-XRD5). By using a fiducial value of 2.8664Å for the lattice parameter of pure a iron at 25oC,5 the lattice parameters of the zinc-bearing

Jan 1, 1964

By R. S. Dean

"INTRODUCTION The metallurgical research program of the Bureau of Mines has been somewhat disorganized, but generally advanced by the increased activities of the war period. The present report is for the purpose of summarizing the work of the Bureau in this field for the past 15 years and indicating its future plan.Fifteen years ago the Bureau turned from its pioneer work on the physical chemistry of steelmaking to an emphasis on raking a pure steel synthetically, rather than by refining, that is, :producing each of the steel 'constituents in the pure state and combining them by simple melting. Such a procedure permits the use of less high-grade ores, not only of iron, but of the ferroalloy metals, such as manganese and chromium,This program has led to extensive work on iron-ore concentration, agglomeration, reducibility of ores and agglomerates, direct reduction of iron ores and concentrates by a wide variety of processes; special refining processes for iron, the production of pure mangenese, chromium, and cobalt from low-grade ores by electrolytic processes, the production of ferrochromium, ferronickel, and ferronickel-cobalt from low-grade domestic ores, and the development of many special alloys to effectively use the new products.The status of the work in each of these fields and the future program of work, together with a bibliography of papers and patents by the Bureau staff on each of these subjects, are given."

Jul 1, 1946

By AIME AIME

ON MAY 22 the American Institute of Mining and Metallurgical Engineers will commemorate the sixtieth anniversary of its founding at Wilkes- Barre, Pa., in May, 1871. The Directors have transferred the May meeting of the Board to Wilkes-Barre, and the Pennsylvania Anthracite Section has invited as many members of the Institute as can to be present at this time and to join with their fellow-engineers at Wilkes-Barre in the inspection trip through a portion of the anthracite district that has been planned. Ac- cess to Wilkes-Barre is easy, from nearby points, over excellent automobile roads, or by train. The distance from New York is only about 140 miles. , It is hoped to engage a special car for those travelling by train from New York, which will leave the Pennsylvania Station over the Lehigh Valley Railroad at 11:50 p.m., arriving in Wilkes-Barre the next morning. Return can be made from Wilkes-Barre by sleeper the same evening, arriving in New York Saturday morning. Other trains are available for those who prefer a daylight journey.

Jan 1, 1931

The modern resource extraction enterprise is a complex capital intensive business operating in a world of constantly evolving social, environmental and economic scrutiny. Investors, government, media and special interest groups expect to see business environmental and social performance respond and deliver increasing corporate responsibility and sustainability.   Thorough interrogation of business performance using a multi-disciplinary due diligence approach presents a more sophisticated review and benefits beyond the traditional compliance/conformance 'audit' style assessment.   Using a due diligence approach allows assessment through a comprehensive lens which examines potential short- and long-term risks including sometimes less tangible environmental and social liabilities, and informs management, investors and regulators of broader business performance. This approach provides information in a form that business can measure performance in a repeatable and enterprise wide sense.   This paper provides an outline of the due diligence process applied in this way, drawing from lessons learnt and industry based experiences in the due diligence process and the benefits and tools that can  be applied in an environmental and social due diligence business performance assessment

Jun 1, 2010

"The use of gas, temperature and airflow sensors to monitor mine ventilation atmospheres offers numerous safety and operational bene-fits to mines. Detection of dangerous gases, changes to airflows and temperature variations are some of the obvious benefits of using at-mospheric sensors in mines. The prediction of atmospheric conditions between sensors however is potentially difficult, and gaining full cover-age a mine will require either many sensors or a method of extrapolat-ing and predicting atmospheric conditions between and downstream from a sparser array of sensors. A dynamic simulation computer model technique is demonstrated to predict time based changes to atmosphere conditions downstream from sensors. The dynamic model predicts the time based changes to conditions throughout a mine model by simulating the mixing, addition and dilution of gases and airflow changes in incremental time steps. The advantages of this method is that a real time overview of full mine atmospheric conditions can be viewed at all locations, even areas without sensors. In addition, with careful planning and consideration of potential contaminant sources, the number of required sensors can be minimized. INTRODUCTIONMine Ventilation Sensors The importance of continuously monitoring mine atmospheres has been recognised since mining underground began and the effects of harmful gases on human health were discovered. Through the 19th and early 20th centuries, coal miners would take canaries underground with them as an early detection system against life threatening gases such as carbon dioxide, carbon monoxide and methane (Figure 1). The canary, normally a very songful bird, would become agitated, stop singing and eventually die if not removed from these gases, signalling the miners to quickly exit the mine (Davalle, 2011)."

Jan 1, 2016

By James R. Boyle

The value of mineral production increased 6.2% in 1976. With the exception of coal, practically all commodities registered an increase in production and value; most had an increase in unit value. Total value exceeded $1 billion for the first time. The increase in nearly all nonmetallic mineral production was a complete reversal of the 1975 experience. Alabama led the Nation in the production of crushed marble and was second in bauxite and scrap mica, third in oystershell, third in kaolin, and fifth in dimension limes-tone and dimension marble. International Trade.-The international trade passing through the Mobile customs district was valued at $2,524 minion in fiscal year 1976, up 20% from that of the previous year. Of the total value of trade passing through the district, 52% of the value of experts and 89% of the value of imports were handled through the port at Mobile. The major export Commodity was coal through McDuffie Coal Terminal which amounted to nearly 2.9 million tons, up from 2.4 million tons in 1975. Coal exports were to Japan, Italy, Turkey, the United Kingdom, and Brazil. Other exports were cement (114,000 tons) and [ ]

Jan 1, 1979

By L. B. Schmitt, N. H. Polakowski

Square bars of cold-dvawn copper, mild steel and a 2024 aluminum alloy were forced through an adjulstable gap between two hardened steel rollers by pulling or pushing. The rollers were either free to rotate or were locked in position so that conditions comparable with drawing, rolling, ad containerless extrusion could be created at will. Push or pull forces as well as roll separatirg forces were measured. Forming efficiency and coefficients of friction were determined. For- slow-rate deformation the values ot µ wrere between 0.09 and 0.14. Possibilities for further investigation are indicated. THIS work was undertaken with the aim of a) determining the principal parameters of cold drawing under simplified conditions directly, without recourse to speculative assumptions and b) comparing drawing with rolling and extrusion from the viewpoint of forces involved and deformation efficiency. Data of type a) relating forces in axially-symmet-rical drawing to die geometry. drafting schedules, material properties and lubrication conditions are abundant. Their intrinsic value is. however. limited as long as the radial die forces are unknown. On the other hand. the difficulties associated with measurement of these forces are serious as witnessed by the extreme paucity of such information."" Comparative investigations of type b) were also remarkably few and they all employed ring-shaped dies through which round bars were either drawn or pushed.2-4 Only in one case were the applied and the die splitting forces measured simultaneously.2 In order to simplify the problem, deformation under approximately biaxial conditions was adopted in the present work;. This enables both the drawing (rolling, extruding) efforts and the separating forces to be measured with reasonable ease by conventional methods. Since drawing, extrusion, and rolling can be carried out under virtually identical conditions only in a roller die. an adjustable tool of this type was constructed. The circular die profile involved a difficulty with interpreting the drawing and extrusion data. This was obviated by arbitrarily defining the angle between a contact chord and the drawing plane as the -.equivalent" die semiangle. The simplification was considered permissible since the effect of die angle was not specifically investigated. An additional conlplication was caused by the square cross section of the processed bars. This shape was selected as a compromise between the desire to have as massive as possible specimens and the capacity of the roller die. The metal was only partially restrained from spreading laterally. the flow conditions being therefore intermediate between plane stress and plane strain. On the Huber-Mises yield criterion the constrained and uni-axial yield strengths differ by up to 16 pct but the actual error due to the ignorance of the constraint factor was presumably much smaller than the maximum. In spite of these reservations it was felt that the method employed and results obtained have some merit. With certain further refinements to be indicated later, this technique can yield data perhaps more useful for checking metal forming theories than other, mostly indirect, methods. EXPERIMENTAL Materials—The metals used together with their principal mechanical properties are listed in Table I.

Jan 1, 1961

This publication is provided on an "as is" basis without warranties of any kind, either expressed or implied including, but not limited to warranties of title or implied warranties of merchantability of fitness for a particular purpose. The information contained in this publication is for general information purposes only. It does not constitute professional, technical, financial or other advice to the user of this publication and must not be relied upon as such by any person whatsoever. The use of this publication is at the users own risk. The authors/creators of the information contained in this publication have tried to ensure that the information contained herein is correct, but errors or inaccuracies may exist or the information may be incomplete, unreliable or no longer up to date. Therefore, no warranties of any nature whatsoever are given and any liability to any person in respect of anything and in respect of the consequences of anything done or omitted to be done, wholly or partly in reliance upon the whole or any part hereof, are disclaimed, including and without limitation any contractual, dialectal, direct, consequential or financial damages or losses. On no account will Organisers and/or any of the contributors or any person or entity involved in creating, producing or distributing the information and or software available in this publication be liable for any such damages arising out of the use of or inability to use this publication. Copyright Reserved The South African Institute of Mining and Metallurgy P O Box 61127, Marshalltown 2107, South Africa www.saimm.co.za All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical photocopying, recording or otherwise without the written permission of the copyright owner. Although the greatest care has been taken in the compilation of the entire contents, the editors and publishers do not accept responsibility for errors or omissions. First Edition Copyright February 2004 Proceedings ISBN: 0-9584663-5-1 (1 volume and CD-ROM)

Jan 1, 2004

By J. J. Taute, S. J. Archer

"BASF Mining Solutions has developed a new-generation copper solvent extraction reagent that offers significant benefits over standard extractants currently available to the industry. As the name suggests, the new hightemperature (HT) extractant can be used at a higher operating temperature, but also exhibits significantly lower degradation rates, greater copper-toiron selectivity, and is totally nitration-proof compared with the standard extractants. Pilot-plant trials have also shown that lower aqueous-inorganic entrainment can be achieved. This paper investigates the technoeconomic benefit of using the HT extractant as an alternative to the standard extractant in a high-temperature application. The results of the technical evaluation showed that the use of the HT extractant reduces the extractant addition requirements and bleed volume from copper electrowinning; this smaller bleed requirement further reduces acid and limestone consumption, leading to a reduction in valuable metal losses. The results of the economic evaluation showed that the use of the HT extractant represents significant cost savings over that of the standard extractant. IntroductionCurrent solvent extraction (SX) reagents employed for the extraction of copper from typical pregnant leach solutions (PLS) at ambient conditions function well with minimal long-term effects on the extractant’s performance (Taute et al., 2015). This performance, however, deteriorates at elevated temperatures due to the degradation of the reagent’s hydroxyoximes. The degradation mechanism, acid-catalysed hydrolysis of the oxime, is accelerated by high temperature. This has a knock-on effect where the increase in degradation products increases the organic viscosity, leading to increased entrainment, crud formation, and ultimately to an increase in SX reagent consumption (Bender, Emmerich, and Nisbett, 2013).SX reagents also show an increase in the co-extraction of iron as the ferric concentration in the PLS increases. Co-extracted iron is transferred to electrowinning (EW) during stripping of the loaded organic and can adversely affect EW current efficiency. Iron in the EW circuit is typically managed by bleeding the electrolyte; however, this can lead to excessive consumption of EW reagents such as acid, cobalt, and mist-eliminating surfactants. The electrolyte bleed can also affect upstream consumption of reagents, such as lime, due to the high acid concentration recycled to leach."

Nov 1, 2018

By McLennan T, Howells E, Zastawny H, Watt J. S

Nuclear techniques have been used to determine the solids weight fraction (W) and ash content of (fine) coal in slurries independent of voidage variations. The method is based on the correlation between W and the hydrogen concentration Hsl (wt/wt) of the slurry. Hsl is determined by combining measurements of neutron moderation and ?-ray transmission. Both Wand ash content are determined by combining the above measurements with the ash-sensitive measurement of X-ray backscatter compensated by a measurement of iron K X-ray intensity.The nuclear analysis system, called the SIRO coal slurry gauge, has been proved in a six-week plant trial at the BHP Steelworks washery at Newcastle, NSW. Several probes, each containing a radioisotope source and scintillation detector, were immersed directly into the coal slurry in the feed box upstream from the bank of flotation cells. For 140 samples W, ash and voidage varied in the ranges of 0 to 13 wt percent, 26 to 41 wt per cent and 0 to 4 vol. per cent, respectively. The r.m.s. difference in solids weight fraction, determined by probe measurements and conventional assay, was 0·52 wt per cent. Ash was determined with an r.m.s. difference of 2·0 wt percent in the coal. Better sampling techniques were used in the last half of the plant trial, and r.m.s. differences were 0.35 wt per cent solids and 1·5 wt per cent ash.

Jan 1, 1986

"INTRODUCTION AND ACKNOWLEDGMENTSAt the request of the lessees, the Pearl tract was examined in February 1946, by Otto Ruhl, an engineer of the Bureau of Mines. From the evidence of old drill logs and from the few available records of mining operations on the Pearl and the adjoining Trussel (Big Tom) tract, it appeared that a relatively small churn-drilling program might develop enough lead-since ore to justify resumption of mining. In March 1946, funds were allotted for churn drilling, and the work was begun the following month. Ten holes totaling 1,933 feet were completed before the close of the project in August 1946. The work was under the general supervision of C. H. Johnson, chief, Rolla Division, Mining Branch, and under the direct supervision of the Bureau project engineers. 3/In its program of investigation of mineral deposits, the Bureau of Mines has as its primary objective the more effective utilization of our mineral resources to the end that they make the greatest possible contribution to our national security and economy, It is the,of the Bureau to publish the facts development by each project as soon as possible after its conclusion. The Mining Branch, Lowell B. Moon, chief, makes preliminary examinations and conducts investigation of mineral deposits. The Metallurgical Branch, O. C. Ralston, chief, participates in this program by making beneficiation tests and analyses. In the present project, no metallurgical tests were made, and for the sake of speed the samples taken were analyzed by a local commercial assayer. 4/"

Jul 1, 1947

By Harry C. Gatos, Frank J. Bachner, Mario D. Banus

The portion of the Nb-Sn phase diagram between 75 and 79 at. pct Nb at temperatures near the liquidus has been investigated by melting alloys of known composition and examining the microstmc-tzlres resulting when these melts were quenched. The Nb-Sn samples were contained in magnesia sleeves, and were mounted in a high-pressure apparatus. It was shown that Nb3Sn me1ts by a peri-tectic decomposition and that the composition of the compound Nb3Sn at the peritectic horizontal lies between 77 and 78 at. pct Nb. Analysis of the phases present in the samples was accomplished by anodic staining techniques and an electron-microbeam analyzer. DURING the past several years a great deal of work has been devoted to the Nb-Sn system, and the bulk of this work has been primarily concerned with the intermetallic phase Nb3Sn. However, the melting characteristics of Nb3Sn have not been investigated because of the difficulty in maintaining known compositions due to tin losses by vaporization, and the added difficulty of containing Nb-Sn alloys without sample-container reaction at the high temperatures involved. This paper reports on the development of a technique for containing Nb-Sn alloys under pressure high enough to prevent tin losses at temperatures in excess of the liquidus. Using this technique, melts of known composition were made and a phase diagram near the liquidus is proposed based on the microstructures resulting when these melts were quenched. EXPERIMENTAL The Nb-Sn alloys weighing 0.7 g each were prepared in the form of cylinders. Niobium powder, -200, +325 mesh, and tin shavings with a minute amount of tin powder for a binder were mixed in the desired proportions and cold-pressed at 50,000 psi in a 0.150-in. die. This cylinder was then enclosed as shown in Fig. 1, and the entire arrangement mounted in a 2.6-in. pyrophyllite tetrahedron.' The desired temperatures (-2500°C) presented several problems in high-pressure container materials. Boron nitride, the usual sample holder, was found to react with niobium to form the nitride. However, MgO cans and plugs machined from refractory rods did not melt nor react with the sample. Thick tantalum contact disks were used to carry the large currents (~450 amps) to the graphite heater, since tantalum did not melt and had enough strength to prevent extrusion of the sample. It was further observed that the graphite heater and tantalum disks could not be in direct contact with the pyrophyllite because it melts and decomposes at these temperatures to kyanite and coesite (SiO2),2 the former reacting with graphite and the latter with tantalum to form the silicide. The use of a MgO outer sleeve

Jan 1, 1965

By J. Dean Warner

Alaska contains many critical and strategic minerals that are scarce in the conterminous United States. Among these are tin, tantalum, and columbium. This Bureau of Mines report summarizes available data on the production, reserves, and occurrences of these minerals in Alaska. Alaska produces about 200,000 lb of tin per year, with historical production since 1901 estimated to have totaled 5,830,600 lb. Measured, indicated, and inferred tin reserves total over 140,000,000 Ib. Much of the tin production has been from the placer mines of the western Seward Peninsula; however, most of the reserves are in that area's lode deposits. Alaskan tin occurrences are part of a belt of tin mineralization that extends along the western coast of North and South America. The Alaskan portion of this "tin belt" comprises placer occurrences and lode occurrences of five major types: greisen, vein, skarn, pegmatite, and volcanogenic massive sulfide. Greisen and vein occurrences are the most abundant, but skarn deposits have historically been the most economically important. Columbium and tantalum have not been produced in Alaska; however, they may be recoverable as byproducts of tin, tungsten, gold, or uranium mining. Approximately 135,000 Ib of columbium oxide (Cb205) are inferred within the Tofty placer deposits in the Manley Hot Springs district.

Jan 1, 1985

By C Reed

Titaniferous magnetite deposits are a significant source of vanadium for use in high strength steel alloying and other chemical applications. The mineralogy of the deposits varies markedly and the ore characteristics strongly influence the process route selected and the metallurgical outcomes. Characterisation of the ores reveals the presence of magnetite, ilmenite and other minerals such as spinel hematite and goethite with variable degrees of weathering along with weathered products of host rock. The standard processing route is to crush, grind and magnetically recover a concentrate for salt roasting to produce a soluble vanadate. Ore beneficiation is practised to generate an iron based mineral concentrate containing much of the vanadium with low silica levels of two per cent. Typical processing problems encountered are fine liberation size, over grinding of the magnetite and variable response to magnetic separation resulting from the weathering profile. Beneficiation options are restricted, and generally focused on producing a combined iron and titanium rich concentrate containing vanadium due to the fact that ilmenite and magnetite and their products of weathering are magnetic and have similar specific gravities making their separation difficult. The ilmenite usually contains low levels of vanadium making its separation highly desirable from the iron mineralisation containing higher levels of vanadium. Salt roasting of vanadium ores followed by water leaching has been the standard processing route for many years. The cost of suitable sodium salts, availability of capital and increasing energy costs and energy availability are critical factors in determining the viability of aspiring vanadium producers. To date, only Windimurra has acquired full capital funding, secured energy and sodium salt supplies at suitable cost that enable the construction of the project. Low overall recoveries of vanadium to concentrate roasting at up to 1200¦C are critical cost issues. In this paper, factors influencing the recovery of vanadium are reviewed and emerging processing trends explored. The important features of the processing of titaniferous magnetites have been condensed from the literature, published works, company websites, our own work and personal communication.

Jan 1, 2008

By Ronald J. Riberich

The Mineral Economics and Management Society (MEMS) held its fifth annual conference in Montreal, Quebec, Canada earlier this year. “The Minerals Industry: Responding to the Global Challenge” was the first MEMS conference to be held outside of the United States. About 125 mining- and minerals-related professionals attended. The MEMS program included six sessions and three distinguished speaker addresses. The session topics included: “Minerals in the Macro economy: Development in Demand,” “Trends in Global Metals Supply: The Producers’ Challenge,” “Global Environmental Issues: Policy Perspectives,” “Global Environmental Issues: Quantitative Analysis” and “Minerals in the CIS: Phoenix or Albatross?” A student session was also offered. It provided a competition for monetary awards for outstanding papers.

Jan 1, 1996

By J. H. Rose

This paper describing the milling practice at the Magma Copper Co., Superior, Ariz., is one of a series being prepared by the Bureau of Mines on milling methods and costs in the various mining districts throughout the United States. ACKNOWLEDGMENT The authors wish to acknowledge their indebtedness to William Koerner, general manager of the Magma Copper Co., for permission to prepare this article; to J. S. Garrott, former mill superintendent, for the historical facts; and to Walter Cooksley, general foreman, for his assistance in obtaining the data.

Jan 1, 1930

By S Jahanshahi, D R. Swinbourne

A knowledge of the value of the activity coefficient of cobalt oxide in slag as a function of composition and temperature is necessary if effective strategies are to be devised to maximise the recovery of cobalt in nonferrous smelting processes. This work reviews previous studies and shows that comparison and evaluation of the results is hampered by variations in the choice of standard states for the species. Published results have been recalculated to a common set of standard states with a preferred value for the Gibbs free energy of formation of cobalt oxide. It has been shown that the value of the activity coefficient of cobalt oxide referred to the solid standard state in iron silicate slags is approximately two, at temperatures from 1523 to 1623¦K. It is suggested that some contradictory results are most likely due to errors in the measured partial pressure of oxygen.

Jan 1, 1998

By T. Pool

Introduction After two decades of contraction and consolidation, the uranium industry has seen a recent major expansion. Rapidly increasing uranium prices and the ability to raise speculative capital in share markets worldwide have brought over 300 new participant companies into the uranium industry: “juniors” as they are known. These companies participated in a global land rush for known deposits as well as for prospective land positions in order to secure a “piece of the action” for their respective portfolios. Mostly publicly-traded companies, these “juniors” have captured the attention of world’s investing public with spectacular gains; as much as 1,000s of percent in less than four years. The initial phase is over, however, and these companies must now prove that they can be successful in exploration or production.

Jan 1, 2007