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By J. H. Craig

As a result of information that the Navy Department was questioning the advisability of raising the maximum allowable exposure temperature for zinc-coated steel parts from 500 to 750 F., it was decided to make a series of high temperature tension tests on several types of uncoated and zinc-coated steels. The objective was to determine at what temperature intergranular penetration of galvanized steel by zinc might take place under conditions of rapidly applied stress and temperature. Tests were conducted in the range from room temperature to 1400 F. In this range, low-carbon and high-carbon steels did not suffer any adverse effects due to zinc coatings. In fact, at 1400 F. the zinc coatings appeared to have a beneficial effect. In stainless steel, the coating had no effect up to 1000 F. Above this temperature, the zinc coating appeared to cause a marked loss in ductility and a less pronounced loss in strength. There was no visible evidence of zinc penetration of the stainless steel structure, but it was assumed that this was the cause of the adverse effect.

Jan 1, 1945

By William Fink

ALTHOUGH age-hardening in an aluminum-base alloy containing magnesium was observed by Alfred Wilm1 as early as 1911, it was not until 1919 that a theory of the mechanism of age-hardening was proposed. Merica, Waltenberg and Scott,2 studying the age-hardening character-istics of Duralumin at the National Bureau of Standards, came to the conclusion that age-hardening of this alloy is caused by the precipitation of CuAl2, which is less soluble at the aging temperature than at the solu¬tion heat-treating temperature. It was postulated that the initially precipitated particles were of fine colloidal dimensions but that they gradually grew in size. Maximum hardness was assumed to be attained when the particles reached a critical size. This theory was at first received skeptically, since it was a widely accepted view at that time that the solid solution state should represent the hardest state of an alloy. Shortly thereafter, Jeffries and Archer proposed their well-known "slip interference theory."3 They suggested that age-hardening was accomplished by the precipitated particles acting as keys interfering with slip along crystallographic glide planes. They showed that this mechanical theory led directly to the assumption that maximum harden-ing would be produced by particles of a critical size, which they suggested would have a diameter approximately 10 times that of the aluminum atom. This contribution amplified and explained so rationally the age-hardening theory of Merica, Waltenberg and Scott that wide accept-ance resulted.

Jan 1, 1939

By George Bain

METHODS of mining building stone of any sort are planned to pro-duce as few fractures as possible, and present a strong contrast to methods of mining metallic ores, which must be crushed eventually and have fractures produced in as great profusion as possible. Shocks transmitted to a stone invariably make it more porous and more permeable and reduce its effective life, therefore methods of mining building stone involve as FIG. 1. THE SUPREME COURT BUILDING, WASHINGTON, D. C. This building illustrates the fine detail of workmanship, unprotected sharp corners and thin edges, and tall narrow columns characteristic of marble structures. These features require exceedingly coherent stone, and preservation of these features for decades or centuries demands many special quarrying precautions to keep absorption to 0.14 per cent or less, a detail not essential to stone for coarser architectural types. few shocks as possible. This is singularly true for marble because marble structures are intended to have long life, greater delicacy of line, more gracefulness and fineness of sculpture than those made from any other structural material (Fig. 1). So that delicate lines may remain in almost perfect preservation for decades, or even centuries, it is important

Jan 1, 1935

By N. A. McKinnon, J. H. Auld, A. M. Marshall, R. A. Coyle

IN making a study of the slip deformation and strain hardening of single crystals of aluminum, it has been found that considerable information additional to that provided by the usual metal-lographic techniques can be obtained by the use of the microfocus X-ray method described by Schulz.1 This technique has been applied to crystals both in the state as-grown by the strain-anneal method and after they have been subjected to increasing amounts of plastic strain. Kelly and Wei" have recently reported the use of this method for a study of lineage structure in aluminum single crystals grown from the melt. The crystals, prepared from aluminum of 99.99 pct purity supplied by British Aluminium Co. Ltd., were grown in the form of flat tensile specimens with a gage section of 0.3 by 0.1 in. and a gage length of 2.3 in. The microfocus X-ray tube used provided a focus of approximately 50 half width. Examination of a large number of as-grown crystals showed no sign of any macroscopic defects in the majority of cases. However, occasionally crystals grown by the strain-anneal method did show defects similar in nature to those shown by Kelly and Wei to occur in crystals grown from the melt. In some other cases a more regular appearance of black and white lines, corresponding to valleys and ridges, respectively, in the lattice, was obtained, Fig. 1. This particular crystal was slightly deformed as the lines when present in the image of an as-grown crystal are only barely visible. The angle of tilt of the blocks is of the order of 3. It seems likely that these tilt boundaries arise during the growth of the crystal due to the specimen not being perfectly flat on the hearth of the furnace and straightening under its own weight at the elevated temperatures. For the deformation studies the crystals were strained in a Polanyi-type tensile machine. A typical photograph taken after 1.2 pct elongation of a single crystal oriented with its axis fairly close to the center of the stereographic triangle is given in Fig. 2. The reflection, which is from the (111) planes, is traversed by two systems of parallel lines. These have been identified as traces of the primary (111) slip plane and the (110) plane perpendicular to the primary slip direction. The latter lines correspond to kink bands which could not be detected by the ordinary techniques of

Jan 1, 1958

By R. W. Kraft

The normal Mg-Mg,Sn eutectic is a classic example of a Chinese script eutectic. When the alloy is unidirectionally solidified, a much simpler topo-logical arrangement of the phase particles can be produced although individual grains still usually consist of two or more interpenetrating lamellar systerns. Specimens from unidirectionally solidified ingots were analyzed metallographicall~ and crys-tallographically, and it was found that the interfaces between the lamellae had a common crystallograPhic character describable by: Lamellar interfaces II {220}Mg2Sn 1) {1011}Mg Arguments are presented to explain why this particular orientation relationship tends to occur and it is shown that this criterion can be nearly satisfied simultaneously on up to four different lamellar systerns between two interpenetrating single crystals. Finally, on the basis of this work ad other similar work which has previously been done on Al-CuAl2 eutectics, a general principle pertaining to low-energy interfaces between two crystalline Phases is proposed. WITHIN the past few years several investigators1-4 have demonstrated that the microstructures of many eutectic alloys can be significantly altered by uni- directional solidification. If appropriate control is exercised over the purity of the alloy, the growth rate, and the thermal gradient during unidirectional solidification, ingots can be made in which the phase particles are aligned predominantly parallel to one another throughout substantial portions of the ingot. The present author has also shown for at least one of the alloys that the parallel lamellae tend to assume a unique crystallographic relationship during

Jan 1, 1963

By Harold Rabling

THE following notes are taken from results obtained on a standard 25-ft. Hancock jig 1 tested during regular operation in the Bonne Terre mill of the St. Joseph Lead Co. The object of the tests was to determine the conditions for most effective 'work, and the nature of products that could be made. The material treated was sized between 9mm. and 2-mm. round-hole screens, and was constant throughout the experiments, Three products were made, concentrates from the first three hutches, middlings from the fourth and fifth, and tailing from the sixth. The middlings were crushed in one pair of Allis-Chalmers Style B 30 by 14-in. rolls, and elevated with the original ore to the 2-mm. screens, oversize of which formed the jig feed. While this arrangement was very simple, it gave rise to undesirable crowding of the circuit. Table 1 shows tonnage and assay values of the jig feed and products at the beginning of the experiments, and brings out the excessively large amount of middlings, comprising 63.3 per cent. of the total material fed to the jig. The rolls, being heavily overloaded, did very little crushing, a screen analysis of the product showing that only 27 per cent., or 128 tons, was crushed fine enough to pass to the tables. The remaining 347 tons returned to the jig with 400 tons of original ore. At times, this overcrowding became much worse, and the tonnage in circuit grew to enormous proportions. It became imperative

Jan 8, 1917

Jan 1, 1970

By Henry Rawdon

Cold-working is generally considered as a process of hardening metals. Diamet-rically opposite statements concerning the applicability of the scratch-hardness method in the testing of cold-worked metals, particularly after severe deformation, which exist in the technical literature led to the study of the results which are summarized in this paper. A series of metals, of which copper, iron and tin are used as illustrations here, were cold rolled to a definite degree without any intermediate annealing and the hardness determined by both the scratch and Brinell methods. The results indicate that the metal hardens rapidly during the initial stages of deformation; however, after a certain stage, which corresponds to a rather definite microstructure, the metal becomes softer and in its final form may be softer than the metal in its initial stage. As part of the study of the scratch-hardness method for metals and alloys in cooperation with one of the technical committees of the American Society for Testing Materials, the authors devoted considerable time to the study of the changes in hardness of metals when cold rolled. Various seemingly contradictory statements in the technical literature concerning the applicability of the scratch-hardness method to such cold-rolled materials were among the principal reasons for the investigation, the results of which are in part presented here. The effect of cold deformation, at least in moderate degrees, on the hardness as measured by the Brinell and other common methods is so well known that further reference is unnecessary. Concerning the scratch hardness of cold-worked metals, Martens and Heyn state' that hardness, whether measured by the ball-pressure method (Kugeldruck) or by the scratch method (Ritzverfahren), will be increased by cold deformation. Jeffries and Archer give a seemingly diametrically opposite view. They state,2 that "the sclerometer (indicating scratch

Jan 1, 1924

By John W. Bell

The aim of the laboratory experiments described in this paper was twofold: 1. To measure as accurately as possible the maximum amount of crushing that can be effected by 1 hp. acting for 24 hr., by the two proposed methods for measuring the amount of crushing, namely: (a) by Rittinger's method; (b) by Stadler's method, based on Kick's law. 2. To show, if possible, that by one of these methods, the amount of crushing produced by 1 hp. in 24 hr. is a constant amount throughout a wide range in the diameter of the piece crushed, and that by the other method, the amount of crushing is a variable quantity over the same range of diameter; or else show that neither of the proposed methods for measuring the amount of crushing indicates a fixed relation between power and crushing and consequently a new method for computing this amount will have to be found to permit the establishment of a law of crushing. Experimental Methods Testing machines, calorimetric methods and commercial types of rock-crushing machines were considered with reference to their value for measuring power used in crushing. The following electrically driven crushing machines, installed and available in the McGill Ore-dressing Laboratory and which had been used in previous rock-crushing tests, on the whole seemed especially suited to the investigation: (1) Comet "A" crusher; (2) 7 by 9-in. Dodge crusher; (3) 10 by 16-in. rolls. In later tests a 3 ½-ft. Huntington mill was used.

Jan 1, 1918

By Lawrence B. Wright, Lester G. Morrell

On the steep slopes of the Kootenays, 15 to 20 miles south of Nelson, B. C., are a number of ore occurrences (Fig. 1). One that has many features of mining and geological interest is the Ymir Yankee Girl Gold Mines Limited. Discovery of this property was made in 1899 at an outcrop on the hillside, some 2500 ft. above the village of Ymir. This proved to be a branch vein 20 ft. long leading to two main veins, the Yankee Girl and the Spur (Fig. 5). The ore pattern as now delimited shows a remarkable increase in ore area with depth below the outcrop. This recent development is of interest particularly in view of the fact that the property was nearly condemned, professionally. Another interesting feature, which has a bearing upon its history, is the persistent excess of tonnage produced from period to period over visible reserves. This is not ascribed to lagging mine development, but to detailed vein characteristics, which we will endeavor to make clear by giving a description of the veins and their surroundings. HISTORY AND PRODUCTION Little interest_was_evidenced-in this-distriet until the building of the railway in 1893 provided easy access and the discovery of the Ymir mine in 1896 attracted attention. As a result, the Ymir Yankee Girl group of claims was staked in October 1899. In 1907, an American syndicate took over the property and subsequently extended the 50-ft. drift and opened the present 400 and 540-ft. levels. In 1908, the Syndicate, without recording any shipments in the meantime, dropped its lease, which was taken up by H. L. Rogers, who bonded the Yankee Girl group. Rogers shipped 2622 tons of ore, mainly from the uppermost stope in the mine, which is reported to have yielded

Jan 1, 1940

By Lawrence B. Wright, Lester G. Morrell

On the steep slopes of the Kootenays, 15 to 20 miles south of Nelson, B. C., are a number of ore occurrences (Fig. 1). One that has many features of mining and geological interest is the Ymir Yankee Girl Gold Mines Limited. Discovery of this property was made in 1899 at an outcrop on the hillside, some 2500 ft. above the village of Ymir. This proved to be a branch vein 20 ft. long leading to two main veins, the Yankee Girl and the Spur (Fig. 5). The ore pattern as now delimited shows a remarkable increase in ore area with depth below the outcrop. This recent development is of interest particularly in view of the fact that the property was nearly condemned, professionally. Another interesting feature, which has a bearing upon its history, is the persistent excess of tonnage produced from period to period over visible reserves. This is not ascribed to lagging mine development, but to detailed vein characteristics, which we will endeavor to make clear by giving a description of the veins and their surroundings. HISTORY AND PRODUCTION Little interest_was_evidenced-in this-distriet until the building of the railway in 1893 provided easy access and the discovery of the Ymir mine in 1896 attracted attention. As a result, the Ymir Yankee Girl group of claims was staked in October 1899. In 1907, an American syndicate took over the property and subsequently extended the 50-ft. drift and opened the present 400 and 540-ft. levels. In 1908, the Syndicate, without recording any shipments in the meantime, dropped its lease, which was taken up by H. L. Rogers, who bonded the Yankee Girl group. Rogers shipped 2622 tons of ore, mainly from the uppermost stope in the mine, which is reported to have yielded

Jan 1, 1940

By J. M. Lommel, B. Chalmers

The transfer of material from the solid to the liquid states can be accomplished in several ways. It occurs by the application of heat in the more familiar metallurgical operations of melting but it can also be accomplished by solution in a liquid, as can occur in systems using liquid metals for heat-transfer media. The kinetics of this reaction were studied to learn more of the separate steps in the process. In the case of a pure material at its melting temperature, Te,A,, thermal energy must be supplied to the solid in an amount equal to the latent heat of fusion in order for the solid-to-liquid transfer to occur. The rate at which heat is supplied, and hence the rate of melting, is a function of the temperature gradients in the system. This phase transfer can also occur in the absence of temperature gradients in the system illustrated in Fig. 1, which is a partial phase diagram between the components A and B. A solid of composition CI will

Jan 1, 1960

By Arthur F. Wendt

Introduction.—In the year 1885, the writer signed a contract to take charge of the reopening and developing of the celebrated old mines of " El Cerro Rico de Potosi." Two years earlier, an Eng- . lish firm of engineers had made a very glowing report on the property. In the summer of 1885, telegrams arrived from the parties in charge of operations at the mountain, claiming the finding of one of the old veins, with an average richness of over 200 ounces to the ton. In the fall of 1886, the author first personally visited Potosi, but found neither the English report nor the telegram borne out by the facts. After an expenditure of over half a million of dollars and more than three years of continuons hard work, the writer succeeded in unwatering and developing one of the principal old veins of the mountain. This vein, called "Cotamitos," now yields ores of about 75 ounces to the ton, and the old historic mountains of Potosi may be said to have again fairly entered the list of silver-producers. The experience of the author, during his residence in Bolivia, and data obtained from Sr. Don F. Avelino Aramayo, form the basis of this description. POTOSI. Etymology of the Name.—The Quichuá (pronounced Keechna) Indians, known to North American students as the " Incas," although the word "inca" merely signifies ''king," or "chief," of the Quichuás, called the mountain "Sumac-orcko," or the beautiful mountain." Eighty-three years before the discovery of the mountain by the Spaniards, the inca, or king, Huaina Ccapac, travelling from Cantumarca to Calque-Porco, saw the mountain of Potosf and, admiring its grandeur and beauty, said that within its bowels there was, no doubt, much silver. He ordered his vassal* to work the mines. They, having carried their mining implements to the mountain, ascended it and were on the point of commencing work, when they heard a voice of thunder, which said: " Do not take

Jan 1, 1891

By H. H. Podgurski

Above 200°C the observed increase in the apparent solubility of hydrogen in low alloy steels caused by cold work is attributed to the formation of methane in microvoids. This methane can be isolated quantitatively, and furthermore, the amount of methane is in accord with the equilibrium 2H2 + Fe3C = CH4 + 3Fe. The micro-void volume, calculated from the methane content via the equation of state for methane, corresponds approximately to that calculated from the measured density decrement produced by cold work. THIS investigation was undertaken with the intent of employing the hydrogen atom as a probe in detecting specific crystallographic defects in cold worked steel. It was expected that different degrees of chemical interaction of hydrogen with the various types of defects could be utilized. The original aim was to assign concentration values to defect sites. The success of this approach requires that experimental conditions can be attained under which lattice-dissolved hydrogen equilibrates primarily with only one type of defect. A set of experiments which appeared potentially to embody these requirements was described several years ago by Keeler and Davis.1 They noted in the case of a mild steel (low carbon) that the solubility of hydrogen between 200° and 400°C near atmospheric pressure was notably increased by cold working the steel. The observed solubility was an order of magnitude greater than the normal lattice solubility. * Although the Keeler and Davis studies suggested that the density decrement effected by their cold-working operation might be related to the anomalous solubility of hydrogen, they offered no explanation of the relationship between the two effects. Prior to this work, Darken and smith3 had noted a similar effect of cold work upon enhanced sorption of hydrogen by steel when charged by acid pickling. In the light of present-day concepts, interaction between lattice-dissolved hydrogen and dislocations was strongly suggested. More recently, Hill and Johnson,4 working with a

Jan 1, 1962

By Daniel Martin

THE dendritic pattern of steels shown by deep etching is used exten-sively as a guide in the inspection and control of the great majority of steels used in ordnance construction and for many applications in indus-try. The value of macroexamination lies in the fact that it enables a qualified observer to make deductions concerning the general quality of relatively large pieces of metal. Not the least of these general character-istics is the nature and extent of the dendritic segregation in the steel, either in the cast condition or after mechanical or thermal treatments. PREVIOUS WORK Detailed methods for macroetching were outlined by Yatsevitch1 and have been standardized by the American Society for Testing Materials. A comprehensive study of the occurrence, origin, and the chemical and crystalline nature of the dendritic structure was given by Keshian.2 The marked persistence of dendritic segregation in nickel steels is fully recognized and has been discussed by Sauveur and Reed' and by others. Very little, however, has been written on the effect of the various elements on the macrostructure of steels, and the purpose of this report is to submit evidence concerning the influence of chromium, nickel and molybdenum on the macrostructure of some 4 by 4-in. ingots cast and treated under closely controlled conditions.

Jan 1, 1939

By H. J. Morel-Seytoux

Methods of predicting the influence of pattern geometry and mobility ratio on water flooding recovery predictions are discussed. Two methods of calculation are used separately or concurrently. The analytical method yields exact solutions in a convenient form for a unit mobility ratio piston-like displacement. A few typical pressure distributions, sweep efficiencies and oil recoveries are presented for various patterns. For non-unit mobility ratio, one may resort to a numerical method, such as that of Sheldon and Douherty. 1,2 Because the domains of applicability of the analytical and numerical techniques overlap, the exact solutions provide estimates of the errors in the numerical procedures. The advantages of the analytical and numerical methods can be combined. To develop a numerical technique as independent of geometry as possible, the physical space is transformed into a standard rectangle. The entire effect of geometry is rendered through one term, the "scale-factor", derived from mapping relations. The scale factor can be calcu-lated from the exact unit-mobility ratio solution for the particular pattern of interest. By this means recovery performances for arbitrary mobility ratio con be obtained for many patterns. A sample of tesults obtained in this manner is presented. INTRODUCTION Pattern geometry and mobility ratio are two major factors in making a waterflood recovery prediction. Because assisted recovery has become increasingly important to the oil industry, pattern configuration and mobility ratio also assume a greater significance in the assessment of the economic value of recovery projects. The influence of pattern geometry and mobility ratio in shaping a recovery curve and on the other quantities of interest to the reservoir engineer is the main subject of this paper. Much effort has already been spent on estimating quantitatively the influence of either pattern or mobility ratio or both on oil recovery. The literature reports many investigations of this nature. 3-9 However, many results or methods of recovery prediction presented in the literature cannot be considered fully satisfactory. Even for unit mobility ratio and piston-like displacement, where analytical solutions are available, the literature shows discrepancies. For non-unit mobility ratio, the divergence in the results is extreme. For infinite mobility ratio in a repeated five-spot, depending on the investigator, the sweep efficiency ranges from 0 per cent to 60 per cent. With respect to the influence of pattern on recovery, only the repeated five-spot has received much attention. Other confined patterns and pilot configurations have received very little attention. Two calculation methods are presented in this paper, either separately or concurrently: the analytical method of potential theory and the numerical method of finite-difference approximation. The analytical method is more restricted in scope than the finite-difference method, but it has the definite advantage of providing exact solutions within its range of applicability. If a unit-mobility ratio piston-like displacement is assumed, the analytical approach is possible. A few typical results are reported in this paper; the detailed description of the general method and of a great variety of results will be the subject of other articles. Fornon-unity mobility ratio, we must resort to a numerical scheme. The numerical technique is that which was described by Sheldon and Dougherty.l,2 It is not limited to piston-like displacement. However, mainly single interface results will be presented here. Because the respective domains of applicability of the analytical and the numerical method overlap, useful comparisons of exact and numerical solutions can be made for a variety of patterns. The advantages of the analytical and numerical approaches can be combined. The reason for the success of this analytical-numerical approach can be summarized in the following two points: 1. The numerical solution for arbitrary mobility ratio can be programmed most efficiently when the physical space in which the displacement actually takes place is transformed into a standard shape; and 2. This can be done with remarkable simplicity whenever an analytical expression for the pressure

Jan 1, 1966

By Charles Austin

IT has long been known that plain high-carbon steels may be susceptible to graphiti-zation below the A, critical, but no data have been available to indicate what factors cause and tend to inhibit graphite formation. Two recent publications1,2 have shown that the factors controlling graphitization below the A, are different from those operating above the A, inversion where commercial graphitization of malleable iron begins. Furthermore, for plain high-carbon steels graphitization below the critical point does not appear to be related to ordinary chemi-cal analyses. Many years ago it was recorded' that the rate of graphitization at subeutectoid tem-perature is not a maximum just below the A, critical, but at some lower temperature, which Austin and Norris have shown to be about 670°C. Indeed, work done in our laboratory has demonstrated that it is im-possible to spheroidize certain steels in the temperature range of 650° to 710°C. with-out the formation of considerable amounts of graphite. However, if the temperature is maintained just below the A, (720°°C,) these same steels may be completely sphe-roidized at constant temperature. In previous studies1,2,4 on 1 per cent plain carbon steels graphitization was en-countered during prolonged tempering. The limited number of steels studied did not provide sufficient data to permit adequate study of the factors controlling this graphi-tization. Accordingly, a limited statistical investigation was undertaken, utilizing 18 steels of similar chemical analyses, fur-nished by four steel companies, who also supplied information regarding the history of manufacture.

Jan 1, 1940

By John F. Burst

GENETIC correlations of the various types of Cheltenham fireclays found in Missouri have been the subject of several papers. The correlations usually have been attempted on the basis of stratigraphic and leaching patterns (Wheeler,18 1896; Allen, 1,2 1935 and 1937; McQueen,13 1943). Herold10 (1943), as well as Allen,l,2 has dealt at length with the mineral¬ogy of Missouri fireclays and postulates genetic relationships from min¬eralogical findings. Both researchers cite kaolinite as the primary clay mineral of the Cheltenham formation and suggest that differences in physical proper¬ties are due to clay mineral impurities such as halloysite or illite (not recog¬nized by the name "illite" at the time of Allen's papers). By ascribing the differences to impurities, it is possible to use weathering as the only major alteration factor. This paper seeks to probe still farther into the clay mineral composition of the Cheltenham formation and to show thereby that the mineralogical differ¬ences that have been found to exist within the "kaolinite" component of the Cheltenham fireclay may alter somewhat the previously held theories of diagenesis. Two Missouri fireclays, which have been rather thoroughly investigated, were chosen for comparison of genetic relationship to clay mineral content. One is a typical plastic fireclay of the middle Cheltenham (McQueen's classification13) obtained at Mexico, Audrian County, Missouri, from a large open pit operated by the A. P. Green Fire Brick Co. The other-a typical hard flint fireclay-was obtained from a pocket deposit in southwestern Mont¬gomery County, Missouri.

Jan 1, 1952

Jan 1, 1910

By Dr. O’Neil Thomas J., Donald W. Gentry

"Who is the man who views the mines and promptly turns them down? Who is the one that thinks this is the short cut to renown? Who is it gives the bum advice to the innocent financier? The knowledge-feigning, theory- straining mining engineer." -Anonymous INTRODUCTION Taxes levied against mining properties and operations are a critical cost in the economic evaluation of mining investments. Indeed, taxes represent a substantial cost of doing business in the minerals industry and often have a significant impact on corporate investment decisions. A good example was the postponement of mineral development in the state of Wisconsin, primarily because of what was perceived to be excessive taxes imposed by that state. In many respects mining investments are no different from other industrial investments. Astute taxing authorities should recognize that geologic endowment is a necessary but clearly not a sufficient condition for mineral investments. The fact that a mineral deposit exists does not necessarily mean that it will ultimately be developed-a point that many taxing authorities fail to recognize. While it is true that ore deposits are not mobile in the sense that they cannot be physically moved to a district having more favorable taxes, corporate investment capital certainly is mobile and flows to ventures which maximize wealth to the firm. In short, higher taxes reduce project yields and tend to drive investment capital elsewhere. The appropriate type and level of taxation imposed upon the mining industry continues to be a very controversial and emotion-charged topic. Mining activities have been taxed at various levels over the years due to widely differing taxation philosophies. Location has also influenced taxation policies, as evidenced by the diversity of tax laws and assessment procedures applied to mineral deposits by the various states. Indeed, mineral taxation varies from state to state, from county to county, and from one mineral commodity to another. Whether or not a given tax is appropriate for a specific mineral deposit, or even an industry, is a difficult problem to assess. First, the type or kind of tax which should be imposed must be considered. Second, it is most important to define a fair and unambiguous base against which to levy the tax. Finally, one must consider the tax rate to be applied to this base. It is the combination of these two components

Jan 1, 1984