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By Joseph G. Wargo

An investigation of trends in exploration expenditures for a selected group of mining companies was undertaken for the interval 1968-1971. These trends were compared with financial factors that are associated with various groups of companies and the implications of these trends are indicated. The sample consists of 21 mining companies, of these, 19 are listed on the New York Stock Exchange and 2 are listed on the American Exchange. Twenty are American, one is Canadian. All are fundamentally "mining companies" in that they derive the bulk of their income from the ex- traction, sale, and at times, fabrication of metals from their own mines. This is in contrast to companies which have mineral exploration departments but derive the bulk of their revenues from sources other than mining, such as oil and gas sales. No companies which can be considered strictly as exploration companies are included in the sample. This definition held up in 1968, however, its strict application became more difficult through the years. In 1971, three or four of the companies were changing their character in that they were phasing out of the mining business and deriving a substantial part of their income from activities other than mining.

Jan 5, 1973

The Institute assembled in the metallurgical lecture-room of Pardee Hall, Lafayette College, at 7 o'clock P.M. on Tuesday evening, October 21st. The session was opened by the President, R. W. Raymond, with an address on Mining Industry as illustrated at the Vienna Exposition. The second session was held on Wednesday morning. The Council reported the following names for election as members and associates. They were unanimously elected. Ayres, W. S.,.......Easton, Pa. *Baker, Prof. A. L.,.. Easton, PR. Browne, Thomas Nicholl,.... Hamilton, Nev. *Carter, Frank,......Pottsville, Pa. *Davis, E. F. C.,... Pottsville, Pa. *Fox, Prof. J. G.,...,..Easton, Pa. *Haight, Ogden,...Etna, Pa. Hall, Norman,...Sharon, Pa. *Knap, Joseph,......Fountain Mill, Pa. Miller William McKeen,.... Easton, Pa. Pardee, I. P.,....Easton, Pa. *Plater, John E.,......Eureka, Nev. *Platt, Joseph L., Jr.,.....Franklin Furnace, N. J. *Plumb, W. H.,......Mauch Chunk, Pa. *Reis, George L.,......New Castle, Pa. *Samuel, Edward,. ..Philadelphia, Pa. *Smith, William Allen,.....Trenton, N. J. *Smock, Prof. John C.,..... New Brunswick, N. J. *Weberling, Charles,.....Salt Lake City, Utah. Also the following as foreign members: Beaulieu, Ad. le Hardy de,. . Brussels, Belgium. Beaumont, Major Fred.,..London, England. Beck, Alexander,.Mons, Belgium. Bodmer, J. J.,..London, England. Brassert, Berghauptmann, Dr.,. .. Bonn, Prussia. Brogden, James,.London, England.

By Oliver B. Hopkins

During the year 1936, a new high record was established for Peruvian production, the total amounting to 17,594,689 bbl., which brought the cumulative production of the country up to 205 million barrels. The 1936 figure represents an increase of 530,288 bbl. over that of 1935. The property of the International Petroleum Co. contributed 369,577 bbl. of this increase and the Lobitos property 158,233. Exploration work in the country was continued. The Selden Breck Co. examined a strip of the National Reserve in eastern Peru from Tambo del Sur to the Rio Pachitea. This company was granted a concession for a term of four years embracing approximately 50,000 acres near the confluence of the Rio Pachitea and the Rio Ucayali. During the year, the Peruvian Government commenced drilling a well on one of the reserved zones at Zorritos. At the end of the year, this well had reached a depth of 1300 feet. La Rrea-Parinas Estate.—Production on the La Brea-Parinas Estate of the International Petroleum Company, Ltd., reached an all-time high in 1936 of 15,126,491 bbl., an increase of 369,577 bbl. over the 1935 record. The total production from 1890 to 1936 was 163,668,014 barrels.

Jan 1, 1937

By Joseph M. Dawson

Although eight new fields were discovered along the south central fault-line district of Texas during 1938, only one can be considered as of major importance. and as a whole the year was one of no very great development. Several prospects, particularly two, were condemned through drilling, which had been considered important for probable Edwards limestone production. The oil produced was approximately the same as during 1937; namely, about 9 million harrels. This, of course, does not represent potential production but that allowed under proration. The year witnessed the very rapid decline of operations and interest in Austin chalk production. It has been found that only in rare instances mill chalk production pay for itself, because the wells decline extremely rapidly and the recovery per acre, formerly estimated at 2500 bbl., is now considered to he around 1000 barrels. There was an intent interest in the drilling arid producing of edge and abandoned properties in the three Edwards lime producing fields; namely, Luling, Salt Flat and Darst Creek. Many good wells were completed on properties formerly considered below the water level or produced beyond the economic limit The Edwards is penetrated only a few inches and a very small charge of acid is used. The results have been surprisingly

Jan 1, 1939

H. M. HOWE, Bedford Hills, N. Y.-One wonders, whether it might not be well to check, by a rather simple and direct way, the inferences that would be drawn from this investigation. Suppose we quench, in these various liquids cylinders of steel, selecting material that is not likely to split in hardening, and then examine their cross-sections micro-scopically. If the cylinder is of any size, you will find a series of concentric bands, a very hard band, a softer band, and a hard band-but it seems that here would be a way of checking the inferences from the cooling curves by comparing these waves of hardness obtained in similar speci-mens quenched in different liquids. One would think that there would be great promise in that way. One's first thought is to quench similar pieces of steel, similarly heated, in different liquids and determine their hardness. I suppose many of us have tried that. We then meet the-difficulty that it is not the most rapid cooling that gives the greatest hardness. There is an intermediate rate of cooling that gives maximum hardness so that you can not by any simple method as that check this cooling method. But it seems possible

Jan 12, 1919

By E. D. Leavitt

I desire to state briefly my views respecting the great practical value of the Watertown testing-machine, and the necessity that exists, for an able permanent commission to supervise its operations, in order that the results of all tests made thereon may be properly worked out and rendered available for public use. It is doubtless known to the Institute that this machine has, for the past two years, been placed at the service of the public upon payment of a per diem charge. It was my privilege to be among the first to use the testing-machine, and the results of my first experiments were of such importance, owing to the great capacity and extreme accuracy of the machine, that it has since become my practice to have tests of all materials used in constructions that came under my charge, made at Watertown. As a conseqnence, nearly one hundred tests have been made on my account directly, and some two hundred and forty additional for work built from my designs. It may be confidently affirmed, that the factor of anxiety on all these structures is exceedingly small .m far as the quality of material is concerned, and it is undoubtedly a very great advantage for parties interested in construction to have

Jan 1, 1882

ST. LOUIS SECTION EUGENE MCAULIFFE, Chairman, J. N. HOUSER, Vice-chairman, VICTOR RAKOWSKY, Vice-chairman., H. G. WASHBURN, Vice-Chairman, W. E. MCCOURT, Sec'y-Treas., Washington University, St. Louis, Mo. H. A. BUEHLER, G. H. COx, L. C. GLENN, E. A. HOLBROOK, W. E. NEWNAM. The eighth meeting of the St. Louis Section was held at the Mercantile Club on Apr. 15, 1918. ,, The meeting was preceded by a dinner, at which 51 members and guests were present, and at which T. T. Brewster presided. Bradley Stoughton, Secretary of the Institute, and Major J. R. Fordyce were the guests of the Section. A number' of the Joplin members were obliged to leave before the close of the dinner, in order to make train connections. The Vice, chairman, therefore, called on Victor Rakowsky, who brought a message of greeting from the Southwest district. At the close of the dinner, the Vice-chairman, T. T. Brewster, introduced Bradley Stoughton, who talked on various subjects of interest to members of the Institute, especially the affiliation of local sections with those of other national engineering societies. The minutes of previous meetings were read and approved-and-the Treasurer presented a financial report covering the previous year.

Jan 6, 1918

By R. B. Brinsmade

The following is an attempt to form a formula by which a mine can be quickly evaluated, aft,er all pertinent physical data have been collected from observations on the ground by a competent mining engineer. Assumptions. Let Q = price to be paid for the mining property. M = cost of developing the mining property to yield y tons of ore daily. P = cost of suitable plant to treat y tons of ore daily, p = value of said plant when the mine has been exhausted. C = total fixed capital investment. W = working capital investment. Then let C + W = total capital investment. y = required yield of ore daily in tons. Y = yield of ore yearly in tons, d = number of producing days per year, u = average operating profit per ton of ore. R = rate of interest to be earned on total investment of (C + W). r = rate of interest to be earned on sinking fund annuity. v = tons of positive ore available in mine. x = tons of probable ore available in mine, z = tons of possible ore available in mine, m = fractional factor to change probable to positive ore. n = fractional factor to change possible to positive ore. Q = tons of total ore available in mine. t = time in years to exhaust mine at rate Y.

Jan 1, 1909

By William Hamilton Merritt

A brief paper on this subject (which might readily be made to, fill a volume) is suggested at this time by several considerations, among which may he named the meeting of the Institute on the borders of Ontario, not far from some of the mining undertakings which are hereafter mentioned ; the mineral developments made in the Province quite recently ; the highly creditable collection of most of the minerals of Ontario, for the first time got together, and exhibited this year at Cincinnati, in the Centennial Exhibition of the Ohio Valley ; and, finally, the recent appointment, by the Government of Ontario, of a Commiesion to inquire into, and report upon the mineral resources of the Province, and the best means to be adopted for their development. The Province of Ontario has no Department of Mines or official geologist, to take note, and keep record, of mining and mineralogical development and discovery. Within the last few years some valuable statistics have been collected by Mr. A. Blue, the Deputy Minister of Agriculture; but recently a desire has risen on the part of the people to obtain further knowledge of these subjects, and the government has appointed a Commission, the report of which is expected to be issued in part, if not in completed form, this winter.

Jan 1, 1889

By L. C. Campbell

THE purpose of any accident-prevention program is the curtailment or entire elimination of injuries and fatalities. It is a job that is never finished in the coal-mining industry. Day by day, on shift and off shift, men are exposed to injury and death in varying numbers. Seldom is it possible to lock up at the end of the shift and leave a mine plant in the care of a sleepy watchman, as can be done at most manufacturing plants. Even on off shifts there are maintenance and supply crews, coal cutters, pumpers and ventilation men exposed to danger. The prevention program of The Koppers Coal Co. recognizes two primary facts: First, no program can be successful without the full support of the management and complete knowledge of the job at hand on the part of every supervisor. Second, and equally important, is the full cooperation of every employee in observing the safety rules and practices set up by the management. Conscious day-to-day concern for his safety by the indi-vidual worker is the longest stride toward a good safety experience. How to accomplish the education of the individual worker and super-visor for safety is the problem of The Koppers Coal Co. as it is the problem of all coal companies.

Jan 1, 1939

By S. H. Ash

lowest fatal injury rate in history conferences stress selling worker on safety international safety conference beneficial

Jan 2, 1951

By Arthur Crowfoot

INTRODUCTION The principal object of this paper is to present data on the development of the revolving convex round table as a concentrator for the through 0.07-mm. slimes from the ores of the Butte district, although same brief notes on the earliest recorded use of this type of concentrating table in the ore-dressing plants of the Lake Superior region and of the Butte district are also presented. The revolving convex round table belongs to the class of concentrating tables known as film-sizing tables, these tables using the relative transporting power of a film, or thin sheet of water, as it flows over a quiet inclined surface, to separate the minerals of a sorted product.

Jan 8, 1914

By John V. Beall

The mining industry of Japan is not very large, but it is very old. Some of the mines have 1000 years of history. At Nara, the capitol 1300 years ago, the great Buddha of bronze that was cast at that time was of metal mined from several localities in Japan including the Akenobe-Ikuno district, one of the present Mitsubishi properties. Methods of smelting copper and iron, it is believed, came from China via Korea. A characteristic of the Japanese mining industry today is one of buying abroad and treating at home, a variety of ores of different compositions. All in all, Japan's mineral deposits under its own flag are inadequate for its great industrial strengths.

Jan 5, 1969

By Ralph C. Holmer

IN the field of mineral exploration, 1956 can be looked upon as the International Geochemical Year. This is not because of unusual developments in geochemical prospecting but rather because of the world-wide effort in geochemistry and the realization that geochemistry is now an established exploration method. Use of mining geophysics has continued to increase. Those extensively employing exploration techniques indicate that developments of the past few years have permitted better programming of methods, from reconnaissance to location of drill- holes. There is greater diversification of methods- reliance is not placed on results of one. However, it is realized that often it is more economical to drill an anomaly than to conduct additional expensive geophysical surveys

Jan 2, 1957

By R. I. Jaffee, F. C. Holden, H. R. Ogden, A. G. Imgram

The tensile and notch tensile properties of four refractory metals (molybdenum, tungsten, niobium (columbium), and tantalum) and one alloy (Mo-0.5Ti) were investigated. All the materials were evaluated in bar form, and the molybdenum and Mo-0.5Ti also were studied in sheet form. The notch sensitivity of each material was evaluated on the basis of several criteria, including the notch-unnotch strength ratio, the ductility transition, and the fracture transitions. USE of refractory metals as structural materials in aircraft and space vehicles may subject them to low-as well as high-temperature environments. At elevated temperatures, the usefulness of a material usually is limited either by strength considerations

Jan 1, 1962

By B. L. Cusack, N. W. Stump

Selected technological developments applicable to lead and zinc mineral processing and changes in Australian concentration practices made since 1770 are reviewed. Laboratory and pilot plant studies of two new ores have been conducted since 1770. These have resulted in final flowsheet proposals which are described. New production capacity since IT0 has been based on plant expansion or the retreatment of oxidised tailings from plants operating pre-1940ts. Major developments in existing plants have come from the application of computer control to crushing, grinding and flotation and the installation of on-stream analysis systems. Flowsheet configurations have been altered in a number of plants. Selected research topics applicable to lead and zinc processing are also reviewed.

Jan 1, 1977

By Lewis Smith

CHROMIUM is one of the new metals, but considerable research has been required to determine an approximate record of its production from 1827 until the present. Its use in the form of pure metal is not extensive; of the chromite mined, about one-half is required for making ferrochromium, about two-fifths goes directly into refractories and the remainder is absorbed chiefly by the chemical trades. The industries that demand chromite for such uses are mainly in countries that produce little chromite, while the important chromite-producing countries are not generally consumers. The international flow of chromite is therefore of interest, as yell as the political and commercial control of resources of the metal.

Jan 1, 1931

By Pedro G. Salmon

The broad general distinction between primary and secondary batteries lies in the fact that in the former the current is produced by the consumption of one or both of the elements composing the cell, while in the latter the elements retain their form as such, and merely pass from one state of chemical combination to another. Much has been said in condemnation and but little in praise of storage-batteries; yet, notwithstanding the severe criticisms passed upon them, the skepticism with which electricians have viewed them, and the ignorance with which they have been handled, they continue to push their way into use. Their manufacture has now become a well-defined and established industry.

Jan 1, 1890

W ill the location of the world's largest reserve of rutile, a titanium oxide mineral, in Sierra Leone, Africa, put an end to the worldwide shortage of this important mineral? According to officials of the Pittsburgh Plate Glass Co. and the British Titan Products Co. Ltd., the answer is yes. These two firms have formed Sherbro Minerals Ltd., a new company that will recover and refine the relatively rare mineral near Africa's West Coast. PPG owns 80% of Sherbro, and British Titan 20%. The rutile reserves of Sierra Leone have been reported to be larger, on a comparable grade ore basis, than existing proven reserves throughout the world. The African operation is on a strip of coastal

Jan 8, 1964

By P. Schwed

IN determining the mechanism responsible for sintering, the most direct procedure available is the comparison of the observed time and temperature dependence of the process with the dependence to be expected upon the basis of each conceivable mechanism. This was done by Kuczynskil who, in treating the mechanism of surface diffusion, postulated, in effect, that the concentration gradient of vacancies is different from zero only within the neck. This procedure was recently questioned by Cabrera' who assumed, on the contrary, that diffusion occurs only in the region outside the neck. In the present note, the calculations are performed without restriction on the region of diffusion. To carry out this objective it is first necessary to

Jan 1, 1952