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By P. O. Rag, Daniel E. Walsh

"Gravity concentrators are evaluated either in closed or open circuit. The process developed by MIRL employs the use of neutron activated gold (/98Au) and radiation detection circuits which monitor the concentrator's product pulp streams. Concentrator recovery is determined from the ratio of the number of gold particles detected as passing into the concentrate to the total number of gold particles detected over all monitored pulp streams. This system eliminates the experimental errors introduced by sampling, sample reduction, and assaying and allows recovery to be evaluated for gold particles of specific sizes, shapes, and flatness. In addition to allowing for a more accurate and detailed recovery analysis, this process significantly reduces the time and cost required for unit evaluation when compared to other gold recovery analysis procedures. This system enjoys its greatest utility where a large number of tests are to be run in order to evaluate a concentrator over a variety of operational settings, i.e. factorial designs, and allows accurate testing of concentrators operated in closed circuit systems.IntroductionThe surge in gold prices of the late 1970s and early 1980s was followed closely by a renewed interest in gravity concentration processes, especially in concentrators claiming efficient recovery of fine placer gold. Cones, spirals, spinning bowls, jigs and cyclones are all considered potential fine gold concentrators. Fine gold, in this context, is defined as not only that gold finer than 250 um (60 mesh""), but also coarser gold, whose low shape factor may decrease its recovery by conventional, large-scale sluicing operations.Adoption of fine gold concentrators by the Alaskan placer milling industry was retarded by the lack of reliable, accurate, and reproducible data on concentrator efficiency with respect to fine placer gold recovery. In most cases, concentrator performance was based on a limited number of tests run on placer material, about which only slight knowledge of gold size and shape characteristics existed. In order to be prepared for the resurgence of interest in fine gold concentrators, which will follow the next upturn in gold prices, a detailed study of the fine gold recovery characteristics of gravity concentrators needs to be conducted."

Jan 1, 1986

By K. V. Konigsmann

"Concentrate dewatering operations have a significant influence on the economics of base metal beneficiation. The expenditures f or energy and labour per tonne of product are high. The relatively low efficiencies of standard techniques present inducements for process modifications. Development efforts at several Noranda concentrators led to process changes which improved productivity, namely, agitated pulp storage in large vessels, process automation and pressure filtration.IntroductionA program was initiated in 1968 with the aim of improving utilization of manpower and equipment in dewatering operations. The following considerations motivated us in this effort: Firstly, filters and dryers had traditionally been operated continuously and in step with grinding and flotation circuits. The demand for labour and equipment operating time was fixed and was not determined by the rate of concentrate production.Secondly, dewatering equipment had usually been designed to handle the concentrate tonnages which were produced when mill feed grades were high; therefore the equipment operated at less than capacity when treating ores of average metal content. The first goal was the separation of the flotation process from concentrate dewatering by development of a practical storage system for concentrate pulps . A second objective was the gradual introduction of dependable automatic controls. The steep increase in energy costs after 1973 added urgency to the search for dewatering processes which were highly energy efficient."

Jan 1, 1984

By B. N. Church, A. R. Pettipas

"The second vertical derivative method of processing aeromagnetic data from low level helicopter surveys yields results correiatable with the known geology and may be utilized to indicate possible targets for future exploration in the Silver Queen and Equity Silver mines areas, near Houston in central British Columbia . The principal zones of alteration associated with mineralization, known from detailed mapping, are further delineated and extended in a way not possible by a cursory examination of the original magnetic data.IntroductionThe second derivative method of processing aeromagnetic data is a long established procedure used to enhance the short wavelength content of the magnetic fields. Some recent exam pies of the use of the second derivative technique have been published by Chandler (p. 385), Sun Yunsheng et al. (p. 424) and Yarger (p. 223) in Hinze, 1985. According to theory, the ""second vertical derivative"" is closely related to the rate of curvature of magnetic (or gravity) fields and is particularly useful in resolving and sharpening local anomalies. The contours on second derivative maps may coincide with important features such as lithological boundaries, faults and mineralized zones.In the Houston area, central British Columbia, aeromagnetic data supplied by local mining companies provide a ready base for analyses. Examples are data sets for the Silver Queen and Equity Silver mines centred 35 km and 34 km south and southeast, respectively, from Houston (Fig. 1), (Cochrane, 1970 and Church, 1985)."

Jan 1, 1990

By V. Maazallahi, A. Rouleau, A. Saeidi

"The geometry of the terrain topography before and after the failure are the essential factors for analyzing a landslide and for the design of remedial works. This paper presents a method to determine these factors, considering that the determination of the slide surface profile is difficult and costly using traditional methods and the pre-slide topography data is often not available. The presented method to locate the 3-dimensional geometry of the slide surface is based upon determining the slide surface in 2- dimensional vertical sections. This method utilizes post-slide topography of the area to determine the pre-slide topography and uses equations to estimate the pre-slide situation using a statistical process applied to points located on the sliding mass. This method is tested on the Maskun landslide in Iran. The results indicate the applicability of the proposed method to obtain the key factors for the back analysis of a landslide in a cost effective manner.INTRODUCTIONProbably the most reliable method of determining the strength of soil and rock mass is to back analyze a failed or failing slope (Caia et al. 2007; Wyllie & Mah, 2004). This method is used in geotechnics for estimating geotechnical parameters of the rock and soil mass (Sakurai et al., 2003; Frayssines and Hantz, 2009; Cepuritis et al. 2010), but it requires that the failure mode is well established and that there is complete and precise information available on the slide surface and the sliding mass (Sjöberg, 1996). Measurement of the slope profile before failure provides the basic information required for a back analysis (Hock & Bray, 1981). The post-slide topography is another key factor. The back analysis process for determining the actual strength parameters of soil or a decomposed rock mass after a landslide requires knowledge of the sliding mass geometry, both before and after the sliding event. Many studies are reported in the literature about the application of back analysis for determining geotechnical and geomechanical parameters of rock and soil mass (Sakurai et al., 2003; Cepuritis et al. 2010; Frayssines and Hantz, 2009, Hussain and Stark, 2011), but they generally present little information about the geometry of the slide surface, and the weight of rock and soil mass that slid, although these factors are the most important parameters for back analysis process. Liang and Xue-song (2012) determined the slip surface having the minimum factor of safety (called critical slip surface in deterministic analysis of slopes) and the slip surface with the minimum reliability index (called critical reliability slip surface), but they have not considered the actual profile and geometry of the slide surface. Rocscience (2013) proposes the back analysis option in the Slide software for slope stability study, but it requires an imposed slide surface as input; alternatively, one can estimate by a finite element analysis the surface with the minimum factor of safety. However, this estimated surface is very likely different from the actual sliding surface, considering the uncertainties in input data of the finite element method."

Jan 1, 2015

By K. B. Chaudhuri, I. D. Webb, F. E. Rachor, F. A. Sauert

"A characteristic of all methods of copper concentrate smelting is that slags with a high copper content are produced at some phase of the operation. Recirculation to the smelting unit, electric furnace reduction or flotation are at present used on an industrial scale to recover the copper from these slags. This paper describes the application of the top-blowing technique, originally developed by KHD Humboldt- Wedag AG for refining of metallic copper, for the treatment of copper-containing slags. By this method, a mixture of a reducing gas and commercial oxygen is blown onto the melt at velocities which can be supersonic from the tip of a water cooled lance. The impingement of the reaction gas mixture on the surface of the slag forms a depression in the molten phase and a deflection of the jet which brings the slag into a rotating motion. This causes high rates of heat and mass transfer. Results of pilot-plant tests for batch and continuous treatment of slags are presented, and the potential applications of top blowing for industrial-scale operation are indicated. In combination with the cyclone as a smelting unit, this process appears to be economic for smelters of very low capacity."

Jan 1, 1980

By G. R. Baiden

"An Automatic Haulage Truck (AHT) has been developed for manless tramming of run-of-mine material in an operating mine. The AHT has a 70-ton capacity and uses an electric trolley system in combination with a computer control system to operate the vehicle. The purpose of the AHT was to provide a high capacity, high productivity material transfer system where conveyor belt applications are not immediately practical.The AHT project was started in 1983 at Inco Limited, Ontario Division as a result of the need for rapid material transport to match increased extraction rates resulting from bulk mining methods. The original concept was to use a continuous loader with the truck. However, in order to minimize development problems the truck project was considered a stand-alone project.The AHT project consisted of concept development, preliminaryand detailed design, manufacture, surf ace testing and mine implementation.The AHT was manufactured and ready for testing in 1988. At this point the truck was first moved onto the test track for debugging. This proved successful and in 1989the decision was made to install the AHT at Little Stobie mine on 2000 level. Commissioning of the system was started in 1990and at present a fully functional automated haulage system is in place at Little Stobie mine producing 3000 tons/day.This paper describes the project presenting results achieved to date."

Jan 1, 1992

By R. G. Gillies, C. A. Shook, W. H. W. Husband

"The current state of knowledge concerning pipeline transport of coal in water slurry form is summarized for the four categories: coal-water fuels, conventional fine coal slurries, coarse coals and stabilized mixtures of coarse and fine particles. Surface chemistry is of dominant importance for coal-water fuels and considerable progress in understanding the role of surfactants has been achieved in recent years. Little generalized research on the flow of conventional fine coal slurries has been done in the past 17years, although innumerable conceptual designs and feasibility studies have been undertaken. Coarse coal slurries are fairly well understood but the model which explains their flow requires more data to be established fully. Stabilized flow mixtures should probably obey the same model as coarse coal slurries but experimental results for stabilized mixtures have not yet been incorporated in a comprehensive theory.IntroductionPipeline transportation of coal in a water vehicle has been employed for many years in coal washeries. It has been used less frequently in hydraulic mining and thermal power station fuel supply systems. The suitability of coal for pipeline transport arises from its moderate specific gravity relative to the carrier fluid and the fact that throughputs are often large and steady over long periods of time."

Jan 1, 1990

By G. E. Agar, J. J. Barrett

"Traditionally, batch bench-scale flotation tests have been used for evaluating flotation reagents by comparing the results of tests done with various additions of the reagent in question. Usually, comparisons are made of the concentrate grade and recovery or some figure of merit involving an empirical combination of both. In some cases, statistical methods have been used to make the comparison and even to identify optimal combinations of reagents.None of the preceding technology utilizes the fact that flotation separations can be described by relatively simple kinetic equations that will serve not only to quantitatively describe the influence of a reagent, but will also aid in designing an optimal separation procedure. Examples of the use of a first-order rate equation for evaluating the impact of a reagent addition and for optimizing the reagent addition are given.IntroductionThe classical method of evaluating flotation reagents is to conduct batch bench-scale tests while varying one factor at a time. Some of the shortcomings of this technique have been pointed out and statistical design and evaluation of experiments has been advocated. Although the statistical approach is superior to the one-at-a-time method, it still is dependent on the results of a batch test conducted for a specific duration.That flotation is primarily a rate process than can be described by a first-order rate equation has been recognized for a long time, but the application of this knowledge to the evaluation of reagents has received little attention. In this work, it is demonstrated how the parameters of the first-order rate equation can be utilized to evaluate the influence of reagents on flotation."

Jan 1, 1983

By M. I. Kalashnikova, Y. M. Shneerson, E. E. Zhmarin, Y. V. Degtiarev, E. M. Vigdorchik

Separation of a magnetic fraction from nickel concentrate following matte flotation, and its treatment in a separate circuit enable reduces precious metals losses. The magnetic fraction is treated in two stages of oxidative leaching: atmospheric and pressure leaching. A study of the atmospheric stage, using mathematical modelling, is described in this paper. The mathematical model and experimental data were used to carry out industrial process calculations. The model enabled extrapolation of the results of batch laboratory test to industrial-scale continuous processing and the selection of optimal process conditions and large-scale equipment. In December 2004, commercial oxidative leaching tests were performed on the magnetic fraction at the Severonickel Plant (Monchegorsk, Russia). A comparative analysis of the mathematical modelling results and the actual process parameters is presented.

Jan 1, 2005

By T. R. Madhavan

The development of contact angles on highly polished ?uraninite surfaces, using sodium oleate and dodecyl ammonium acetate as collectors, has been studied at different collector and hydrogen ion concentrations. It was found that sodium oleate in acidic media (up to a neutral: PH) and dodecyl ammonium acetate in neutral and alkaline media give good contact angles. It appears that the combined forms of these collectors, viz., oleic acid and free amine, are more important in effecting contact. W ITH the emergence of uranium as a strategic metal in the last fifteen years, considerable effort has been directed toward the commercial recovery of uranium from its ores. This has resulted in the development of a uranium technology. It is only in recent years, However, that fundamental data regarding the floatability and surface properties of uraninite and ?pitchblende have been elucidated by different methods. Contact-angle measurement is one of the important tools for tl1e evaluation of the conditions of floatability

Jan 1, 1964

By Jorgen Elbrond, Yve Lizotte

"A mathematical procedure for determining the underground mining level layout which minimizes the total costs of excavation and haulage is described. This procedure has the advantage over previous graphical procedures of being easily amenable to microcomputers. The paper demonstrates through examples how the procedure can be applied to minimizing discounted costs of level layout as well as providing the optimal location of a production shaft.IntroductionIn recent years there have been numerous publications in mining journals concerning the minimization of mine haulage costs. With the rapid escalation of energy costs during the last decade it is not surprising that several studies applying queuing theory, simulation and mathematical programming to mining related transportation problems have been successfully undertaken. Because of the increasing availability of various sizes of computers these techniques have gained considerable popularity as evidenced by the numerous commercial packages presently being marketed.The publications concerned with haulage cost minimization are generally concluded along the lines of ' ... haulage costs at production rate x will be minimized by assigning y units to location z...'. Details about the route followed and whether it guarantees a minimization of costs are seldom considered. Route data has to date been manually resolved and used for input to developed programs. It would appear that no program has been developed to date which simultaneously minimizes costs by both fleet assignment and routing network resolution.Another important factor in transportation problems is the investment cost associated with the routes; road construction costs or, in the case of underground levels, drift excavation costs. Except for special cases the transport network which minimizes haulage costs only will not provide a minimum excavation cost solution.Zarnbo(1) illustrates by graphical and mathematical procedures how central 'facilities' can be located to simultaneously minimize investment in the transport network and haulage costs. Unfortunately these procedures and others recently applied to mine haulage problems do not provide solutions to the generalized problem. Also because these procedures are geared to graphical solutions and hand computations whereby certain possibilities can be 'visually' eliminated, they can be tedious to program and present storage capacity constraints with current microcomputers."

Jan 1, 1985

By Robert W. Plummer

"This paper describes the use of Geographic Information Systems (GIS) as a tool for mineral exploration by using the Eskay Creek area of northern British Columbia as an example. Data entry, analysis and output are discussed. Examples of some of the capabilities of the technology are presented.The main benefit of the technology is being able to perform complex and sophisticated searches of large and diverse data sets to highlight exploration targets. A GIS is a powerful data management tool that can be used in mineral exploration. It is a computer based system that is designed for the collection, storage and analysis of objects and phenomena where geographic location is an important characteristic. The main function of the GIS is to produce information for the geologist from a variety of sources (geology, geophysics, geochemistry, mineral deposits and so forth) quickly and efficiently. This allows the geologist to examine large amounts of data in a fraction of the time than can be done using conventional manual methods."

Jan 1, 1992

By J. Bouchard, R. del Villar, A. Vazirizadeh

"Industrial flotation is a continuous and often multistage process, where particles of a given mineral species (usually the targeted one), present in different sizes, encounter a large amount of gas bubbles (normally air) to produce mineral–bubble aggregates, which are removed from the flotation device (cell or column) as a valuable product (concentrate). The bubble content inside the cell is characterized by the prevailing hydrodynamic conditions (known as gas dispersion variables), which in turn are known to influence the flotation performance. Although most researchers and practitioners agree that the relationship between the hydrodynamic variables and flotation performance exists, the lack of an adequate method foronline measuring the average bubble diameter has prevented such studies.The aim of this study is to apply appropriate hydrodynamic variables for flotation kinetic modeling (as a key feature of flotation performance) for a given introduced particle size distribution (PSD). In this regard, experiments were conducted in a laboratory flotation column (5.6 cm internal diameter for a total height of 650 cm), and mixtures of quartz (hydrophilic gangue) and talc (naturally hydrophobic mineral), classified in four different size fractions. The correlation between the flotation rate constant and given hydrodynamic variables were analyzed. Results suggest that the relative importance of hydrodynamic variables for flotation rate modeling depends on the PSD. Finally the suggested hydrodynamic variables for each of the various particle size-classes considered were used to produce single variable models for the flotation rate constant. INTRODUCTIONIndependently of the prevailing flotation conditions, the mechanisms for bubble-particle aggregation and the residence time of the phases inside the device must also be considered. In this regard, one of the most used approaches to represent the overall flotation process is as a pseudo-chemical reaction between a particle and a bubble, whose rate (at a given time) is proportional to the amount of remaining floatable species. The proportionating constant is called the kinetic constant or the flotation rate constant."

Jan 1, 2016

By Roland Froidevaux

"The main object of ore reserve classification is to assess the reliability of an ore reserve estimate. Because traditional classification schemes fail to provide a means of calculating this reliability, the terms 'proven "" 'probable' and 'possible ' ore were introduced as an attempt to qualify it.Geostatistics, on its part, allows the quantification of the precision of any ore estimate and thus appears as an appropriate tool for ore reserve classification.However, the problem of fixing quantitative boundaries for ore classes remains. In order to be meaningful, ore class limits based on the degree of reliability should be customized to the commodity, and the type and size of the deposit. In addition, the precision of an ore estimate will be affected by the cut-off grade and the size of selective mining units.IntroductionPrimarily, ore reserve classification should be seen as a communication tool between the geologist and the mining engineer on one hand and the management and policy maker on the other. By classifying ore reserves, the geologist tries to answer the very fundamental question: ""What quantity of metal is there in the ground and how sure am I that it really exists?""The difficult y of quantifying the degree of reliability of reserves has led to the creation of a large suite of terms and definitions, with almost every mining company having its own set of definition standards. As lower-grade deposits are brought into production, the margin of tolerable error in estimates of the grade and tonnage is becoming much narrower. Consequently, the need for unequivocal definition of the reliability of ore reserves is increasingly acute. Most of the generally accepted systems of classification, however, describe the reliability of reserves in qualitative, rather than quantitative, terms."

Jan 1, 1982

By W. Cholewa, T. S. Golosinski, J. Wedzicha

"Power requirements of belt conveyor drives are usually estimated based on the calculated belt tension which equals the sum of unit resistances to motion which the belt has to overcome. In most situations, the value of various unit resistances can be accurately predicted using published information (5,6,8,12). A simpler approach calls for use of standard formula and tabulated values of related factors which reflect various features of both the conveyor and the transported material (2,3,7) . None of these approaches is reliable when materials with unique properties are conveyed, nor if applied to conveyors working in extreme climatic conditions. Such is the case of oil sand mines in northern Alberta.There the bitumen content of oil sand causes it to behave in a unique manner. Furthermore the conveyors operate year around, with winter temperatures often lower than - 40°C. It was the objective of presented investigations to quantify the power requirements of conveyors, and related resistance to motion for the conveyors used in oil sand mines during winter operations.The other objective was to quantify the drive power requirements of oil sand conveyors during start-up. These requirements are usually much higher than those during norm al operation, and their quantification is of paramount importance for operation of large conveyors."

Jan 1, 1992

By B. J. Fryer, R. P. Taylor

"As a monitor of the processes involved in the formation of granitoid mineral deposits the coherent group behaviour of the rare earth elements (REE) actively reflects changing fluid characteristics. For example, in the porphyry environment, magmatic-hydrothermal fluids produce potassic alteration with strong enrichment in the light rare earth element s (LREE), reflecting their high pH, low fluid/rock ratios, and the dominant role of CI- complexing in metal (i.e. Cu, Au) transport. With increasing fluid/rock ratios and decreasing pH accompanying the progressive involvement of meteoric fluids (and the production of propylitic, argillic, and phyllic alteration) anionic species such as F - and CO, 2- become important in metal (e.g. Mo, W,) transport through complexing, and their activity in the hydro thermal fluids is illustrated by mobilization of the heavy rare earth elements (HREE).The relative involvement of CI- versus F - versus CO32- in metal transport in other granite-related systems can also be monitored through REE behaviour. Hence granitoid tin-tungsten mineralization and associated greisenization typically exhibit heavy rare earth enrichment and evidence the importance of F' and CO32- in metal transport. Similarly, heavy rare earth element enrichment in hydrothermal uranium deposits can be related to the transport of uranium as carbonate complexes. REE are widely accepted as powerful tools in the study of rock petrogenesis, but their use has been neglected in the investigation of mineral deposits. The recognition of the systematic variation of REE distributions in granitoid mineral deposits suggests that the application of REE geo chemistry, particularly when integrated with fluid inclusion and isotope studies, can provide (1) an effective method for identifying the physicochemical controls of metal transport and (2) a useful criterion for elucidating metal distribution."

Jan 1, 1983

By J. B. Evans

"NORMALLY the duties of the exploration engineer and geologist cover the initial, and possibly, the most important phase of mining property evaluation; that phase being the presentation of an opinion of the property's ore reserve potential in terms of tonnage and grade. The prime objective of this pa-per is to outline one method of bridging the wide gap that lies between a know ledge of a property' s tonnage and grade potential and an appreciation of the value of that property in dollars and cents.THE PRESENTATION OF PROPERTY EVALUATIONThe engineer engaged on a mining property evaluation, regardless of whether he be an independent consultant, or a company employee, has as his goal, the presentation of his appreciation of the property's potential value or worth within terms of reference acceptable to his principal.To furnish a complete evaluation report, the evaluator must firstly study all aspects pertaining to the particular property under consideration, then present his appreciation of the property's worth in some tangible form. The ultimate presentation is one giving a Present Value of the pro pert y in terms of monetary exchange. Such an idealistic presentation is not always possible; typical preventives being -insufficient reliable information, limited time, Jack of ability and absence of definite direction."

Jan 1, 1960

By P. Chollet, A Constant

THE RESULTS of a previous investigation ( 1) on the work-softening of some heat-treated steels have led to the conclusion that the occurrence and intensity of the phenomenon is possibly governed by the work-hardening capacity of the material, and the relative amount of retained austenite. The first assumption is compatible with Polakowski's theory (2) that the absence of work-softening, in steels quenched and tempered at relatively low temperatures, may be attributed to the high rate of work-hardening which compensates for, and even out-weighs, the loss of internal energy associated with the simultaneous rearrangement of the original system of internal stresses. Indeed, Polakowski first considered the work-softening as a manifestation of a partial release (by cold-working) of the latent strain energy stored in

Jan 1, 1962

By C. Hari Manoj Simha, J. Gholipour, M. J. Worswick

Due to the high pressures involved in the hydroforming process, friction and lubrication play an important role and can affect formability of the material. Tubes of A1Mg3.5Mn aluminum alloy, of 76.2 mm (3 inch) outside diameter and 2-mm thickness were considered in this study. Three kinds of lubricants, Al070, Hydrodraw711 and water, were applied to the tubes and tubes were hydroformed to burst in a square shape die cavity. The key process parameters were recorded during the tests. An in-house Gurson-Tvergaard-Needleman (GTN) damage-based material model, implemented in LS-DYNA, was used to model the process and predict the formability of this material. The applied axial loads and internal pressures recorded during the tests were used in the computations. The effect of different types of elements (solid and shell) with different constitutive models (von Mises and GTN models) in predicting the strain distribution is studied. The GTN damage-based material showed a good ability to capture necking and displacement histories in this process. Both predicted and measured results showed that the lubricant with lower coefficient of friction can effectively increase the comer expansion.

Jan 1, 2006

By G. R. Heffernan

"In the early 1970ssteelmakers worldwide were looking forward to many years of expansion and profitability. Huge government investments in Europe, the United Kingdom, Japan, Brazil, and Venezuela were committed in anticipation of growing market s based on long-term OECD forecasts. In 1973 the first OPEC oil shock occurred. Steel demand shrank. Restructuring became the buzz word of the day as billions of dollars in taxpayers' money was poured into eliminating excess capacity and labour. In the United States, where government help was not available, inefficient companies went bankrupt; capacity was cut to 100 million tons from 155 million tons. The industry throughout the industrialized world shrank. By 1979the world economy seemed back on track and a modest degree of optimism could be detected in the international steel fraternity. Then came the second oil shock. By 1982 the industry was in the midst of another shakeout. More bankruptcies, more rationalization, and fewer jobs resulted. In Canada some well-known companies came close to the brink as low prices and high interest rates took their toll. In the light of the turmoil in the steel market over the past 20 years an attempt to forecast the trends through to 2001 is intimidating.However, there are good reasons to be optimistic today about both markets and technology.An economic super power is emerging in western Europe as 1992 draws near. The creation of a single market of 320 million well educated and economically ambitious people has major positive implications for steel demand. The mega projects of the channel tunnel, a European network of high speed railways, and the London docklands are the forerunners of greater things. Still to come is another $200 to $300 billion by the year 2001 in identifiable major projects for highways, railways, airports, water and sewage systems. Add to that the demands of an increasingly affluent population for automobiles, appliances and housing. On top of all that place large increasing demands for electric power and you have a potential beyond anything seen during the 1970s and 1980s. In 1988 the EEC steel industry operated at 90% and in 1989 at 92% of effective capacity. A surge in spot prices indicated that 92% was close to the ceiling. This pace moderated in early 1990 but any slack will probably be taken up rather quickly."

Jan 1, 1990