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By Alan K. Burton

The number of trucks required to perform a certain task is a function of the productive capability of one independent truck and the total tonnage required. Hourly productive capability of one truck is the product of trips, or cycles, per operating hour and effective payload. One cycle is made up of load, dump, and travel time, the sum of which comprises theoretical cycle time. This time is then derated by a productivity factor, giving an average effective cycle time which is used to calculate the number of cycles per hour. Rated payload is the truck's designed tonnage, while effective payload is the average amount that is actually carried. Manufacturers, particularly of the larger trucks, produce various body sizes designed to carry materials of different densities. However, it is not always possible to carry the rated payload because the material might be lighter than expected, a body of the required size cannot be produced, or because of spillage on particularly steep grades.

Jan 12, 1975

By John Norton

IN spite of the very general employment of nitride hardening, there is still considerable doubt as to the real nature of the mechanism involved. Experience has shown that the addition of small amounts of hardening elements to iron or steel results in a wide variety of desirable properties in a nitrided case. Perhaps the foremost of these elements is aluminum and in this investigation an attempt has been made to study the behavior of aluminum during the hardening process. It is believed that the establishment of a complete atomic picture of the metal at various stages of the process will indicate the relationships between the several kinds of atoms and their individual influences on the physical properties in a clear and direct fashion. A consideration of the problem suggests a surprising similarity between the mechanisms of nitride hardening and of age-hardening. It is now generally understood that age-hardening may take place by one of two distinct processes, the first involving the precipitation of a finely dispersed phase and the other being concerned with the modifica-tion of an existing phase. Following much the same line of reasoning, two theories of nitride hardening have been suggested. The first expla-nation, which has been generally discussed, particularly by Fry,1 states in brief that the presence of aluminum causes the precipitation of alumi-num nitride during nitriding and that this finely dispersed phase is the primary cause of hardening. The second explanation, which has not been published but which has been freely discussed by those interested in the problem, postulates the substitution of aluminum atoms for certain of the iron atoms in the several iron-nitrogen phases in the same manner that the substitutional iron-aluminum solid solution is formed. The marked increase in hardness, as compared with the aluminum-free

Jan 1, 1934

By Michael Bradbury

INTRODUCTION A major change in financing exports in recent years has been the decreased importance of subsidized export credits, following the commitment of the OECD countries to eliminate the subsidy element. Subsidized export credit rates are now often more expensive than market rates as the financing for exporters has decreased in volume and importance. The forfait market, in recognition of this decreasing importance, provides a rapidly expanding source of nonrecource finance for exporters. The following is a step by step guide to what it is, how it works, its benefits and problems. WHAT IS FORFAITING? Forfaiting is not new. It has been used in Europe for about 25 years to provide export finance for both capital goods and commodities without recourse to the exporter. Although long the preserve of exporters in Germany, and more lately Italy, forfaiting is now used increasingly by exporters in Great Britain, the United States, Canada and Scandinavia. It is a fairly simple operation with easy straight-forward documentation. The transaction involves the purchase by the forfaiting bank of a bill of exchange or a series of bills without recourse to the exporter. These bills will have been drawn by the exporter, accepted by the importer, and will usually bear the unconditional guarantee of the importer's bank. They are normally drawn payable at intervals during the credit period agreed between importer and exporter and are purchased at a discount by the forfaiter. The exporter thus obtains his cash payment and the importer receives his credit period. The forfaiter collects the amount of the bills as they mature directly from the importer. Credit periods vary, depending upon the type of goods and the country and commercial risk of the importer. The period is generally between one and five years with six monthly maturities. The usual forfait currencies are US dollars. Deutschmarks and Swiss francs and others, such as sterling, French francs, and the Scandinavian currencies are being used more frequently. CHOOSING FORFAITING Most types of financing require the continued involvement of the exporter in the financial side of the transaction during the credit period. Forfaiting has certain comparative advantages. In particular, it is possible to forfait 100 percent of the risk without recourse to the exporter, unlike government sponsored export finance schemes, where some retention of the risk by the exporter is required. In addition, exports from country sources do not present problems and forfaiting can also cover trade within the EEC. Other benefits for the exporter are: (a) The exporter's balance sheet is improved; debts are turned into cash thus improving the liquidity of the company and enhancing its cash flow. And there are no contingent liabilities for bills of exchange. (b) If the sales contract is in a foreign currency forfaiting removes the risk to the exporter of adverse movements in foreign exchange during the credit period. (c) Fluctuations in interest rates during the credit period can be ignored since in forfaiting the transaction is usually done on fixed interest rate terms on a discount basis. (d) The political and transfer risks are taken by the forfaiter. (e) The commercial risk is taken by the forfaiter. (f) The costs of administration and collection etc. during the credit period are removed.

Jan 1, 1985

Jan 1, 1933

By C. Allen Born

INTRODUCTION As the title of this paper suggests, the author does not believe that risk can be managed. Rather, the objective is to identify the risk which will be present in a given venture and assess the level of that risk which is acceptable. More often than not, the risk which is present is subject to little or no modification. After identifying and measuring the risk a corporation will decide to accept it and proceed in such a way that it will be less exposed, or it will decide not to proceed at all. The exercise for a corporation is different only in degree from everyday judgements made by average people in average situations. However, that word "degree" means that it is considerably more complex on the corporate level. There is good reason for the additional complexity of corporate risk evaluation. The variables influencing a company's decision can be more numerous and the penalties for miscalculation much greater than those normally encountered by an individual. It should be understood that no analysis of risk, certainly not one as brief as the following, can do more than touch on some of the high points. Before examining the sorts of risk which affect the development and operation of specific mines, let us consider the broader aspect of the term with which mining companies, and all other business corporations, must deal. Companies must determine their long-term objectives and strategies within the context of a constantly changing world. To plot their direction they must attempt to read the future by seeking answers to questions such as: How will society evolve? Which businesses will thrive? In which of these should we place our emphasis? If a company hopes to be around five or ten years from now it must make the attempt to answer such questions in order to judge the impact of changing patterns in the evolving business environment. Information is available to allow the lessons of the past to be projected on the future. We have data on birth rates, economic booms and busts, patterns of conflict within and between nations, drought and other forces of nature as well as individual events which cannot be predicted, but which over time, do seem to occur in regular cycles. Ultimately the question "where will we be and what will we be doing a decade from now?" must be answered by one or more senior people with responsibility for the company's future. The compilation and interpretation of hard data by competent support staff, can only be used up to a certain point in determining future corporate strategy since there will be alternative possible futures and a high degree of risk will always remain. At this point those elusive qualities of experience, instinct, and - "gut feeling" - become important factors in choosing a long-term corporate direction. The goals of a company have a significant bearing on its attitude towards risk. This in turn dictates the "hurdle rate of return on investment" which a project decision-maker will require. The hurdle rate is the minimum-discount-percentage-rate applied to forecast cash flows to give a present value of zero to the All-Equity-Funded Investor. The feasibility study for a project is a fundamental tool in the management of risk. An experienced team has an established and well-understood set of ground rules for the preparation and assembly of a feasibility study. The necessary degree of conservation is built in at all levels of study data and, if the project is technically feasible, the hurdle rate becomes a catch-all measure of risk in a base-case project cash flow.

Jan 1, 1985

By R. W. Raymond

AT the Liége meeting of the Iron and Steel Institute of Great Britain, in August, 1873, and also at the Vienna Convention of Mining and Metallurgical Engineers, at the end of August, and at the convention of German geologists, at Wiesbaden, in the first part * Extract from the President's address.

Jan 1, 1874

By Robert A. Bauer

This study showed that diametral point-load testing performed parallel to the bedding planes of highly anisotropic sedimentary rocks produced inconsistent results that cannot be used to accurately estimate uniaxial compressive strength. Axial point-load values from tests performed normal to bedding planes and evaluated by the T500 index produce good correlations with the uniaxial compressive strength values obtained for five different rock types. A strong correlation also existed between the moisture content and the uniaxial compressive strength of the tested lithologies. A combination of axial point-load and moisture content indices produces the best correlation with the uniaxial compressive strength test results.

Jan 1, 1984

By K. Kobayashi, K. Ueda, K. Yamaguchi

Lead concentrates from Kuroko (black ore) mines, which contain 4-7% Cu, 55% Pb, 3-777, Zn, and 0.5-0.9% As, are pretreated by a hydrometallurgical process before electric furnace smelting with other lead resources from Kuroko. The hydrometallurgical pretreatment involves sulfuric acid leaching in the first stage and ferric leaching in the second stage. This paper describes the short history of lead recovery from Kuroko and the performance of laboratory tests and pilot plant and commercial operations.

Jan 1, 1985

By Phil Hulse

The Atlanta mine is located in east-central Nevada, approximately 360 km (225 miles) from Las Vegas. It lies in Lincoln County, 116 km (72 miles) south of Ely and 80 km (50 miles) northeast of Pioche. The property is currently operated by the Standard Slag Co. under a joint venture agreement with Bobcat Properties Inc, of Fort Lauderdale, Fla. Operations began in May 1975, and the mill is currently processing 109 000 to 122 500 t/y (120,000 to 135,000 stpy) of gold- and silver-bearing ore. Open-pit mining takes place in a breccia zone that occurs between Ordovician limestones and dolomites on the footwall and Tertiary rhyolites on the hanging wall. The quartz breccia ore is among the most abrasive in the world-shovel teeth must be replaced every week, 19-mm-thick (3/4-in.) steel chutes last about a month.

Jan 9, 1978

By D. W. Mitchell

Mine fires are a serious hazard; surveys show that the coal-mining industry lags considerably behind industry in general in planning and training for fighting fires, and providing adequate fire-protection facilities. The results of the experiments discussed in this paper emphasize that every effort must be made to extinguish a fire in its incipient stage. The research also demonstrated that extinguishing agents and techniques, superior to those presently used in most operating mines, are available. An underground coal mine fire, if not extinguished quickly, can develop rapidly, create a serious hazard, and cause loss of life and property. The problem of controlling a fire increases in direct relationship to the time interval necessary to initiate control measures; as the fire increases in size and intensity it becomes progressively more difficult to cope with roof control, visibility, ventilation, and explosion prevention. Despite the constant vigilance of the industry, the number of coal mine fires is increasing. During the eight-year period, July 1952 to July 1960, following enactment of the Federal Coal Mine Safety Act, the Bureau of Mines investigated 401 fires that caused 30 fatalities and 75 injuries. More than half of these fires burned for more than one shift; 20 pct could not be extinguished by direct attack and had to be sealed. Agents and techniques for extinguishing simulated mining-machine and underground coal fires have been investigated in the Bureau's experimental coal mine. The research shows that visibility in the fire area is a primary factor affecting control operations. Associated with good visibility is accessibility to the fire; the closer the attack can be made, the less time and quantity of agent are required for extinguishment. Approach to the fire and visibility are hindered by the smoke and hot gases backing up against the ventilating current. In open entries an increase in air velocity assists in driving smoke ahead; at low airspeeds approach can be made by placing a brattice across the lower two-thirds of the entry, pushing the smoke ahead with water sprays, or discharging rock-dust from a rock-dust distributor. In a dead-end entry, fires can be approached by coursing fresh air along an airtight line brattice. However, it is safer, easier,

Jan 1, 1962

By R. A. Salathiel

A new synthetic material has been developed which is highly effective in treating drilling muds to reduce filtration rate. The material is the soluble salt of a very high molecular weight condensation product of sulfonated phenol and formaldehyde (SPIF). Laboratory tests show that SPIF is effective in muds of all salinities varying from fresh water to saturated salt water. Alkaline materials. such as soda ash or caustic and quebracho, may be used in combination with SPIF to advantage, and are essential in muds containing saturated salt water. In a field test where the water used in the mud had a salinity of about one-half that of sea water, SPIF in combination with caustic and quebracho made a very satisfactory mud. SPIF does not ferment. but due probably to additional polymerization a slight decrease in effectiveness is found when it is subjected to high PH and high temperature for a long time. INTRODUCTION Drilling mud is essential in rotary drilling. The influence of variations in the different properties of a mud on its ability to perform the various functions in drilling of wells is thoroughly understood in some cases and poorly understood in others. For instance, the function of mud density in restraining high pressure fluids is simple and well known. On the other hand. while the value of low filtration is widely recognized, it is seldom possible to determine precisely what filtration rate is required for the mud to perform its functions properly. Filtration rate is important because it influences the ease of moving tools in or out of the hole. Filtration rate also affects the stability of the bore hole walls, which are subject to softening and degradation by aqueous filtrate. Difficulties in rotary drilling are often avoided by using low-filtration muds. Treatment of fresh-water muds to provide moderately low filtration rates usually consists of adding chemicals to improve the dispersion of the clays. To provide very low filtration rates, organic colloidal materials are added. Among the materials hat are used in this way are starch, natural gums, and altered celluloses. In muds that contain large amounts of salt or calcium or magnesium ions, the clays are coagulated and, as a consequence, the filtration rate is undesirably high. In such muds organic colloids are of great importance. LIMITATIONS OF PRESENT FILTRATION ADDITIVES Starch and water-soluble gums are widely used as filtration control agents. Starch is the most important material of this kind being used. It has the advantage of relatively low cost. It is effective in promoting low filtration rates, not only in fresh water muds, but also in muds containing large amounts of salts. However, both starch and natural gums are subject to fermentation and must be preserved from damage caused by microbiologic attack. Also, both starch and natural gums tend to increase the mud viscosity undesirably. Furthermore, the quantity of material required may be quite large. This is especially true when substantial amounts of salts are present. In such a case small addition* of starch may increase rather than reduce the filtration rate of the mud. Carboxy-methyl-cellulose, a chemically altered form of cellulose, has some advantages over starch. It is effective in smaller concentrations and does not increase the viscosity as much as

Jan 1, 1952

By G. W. Powell

ACCORDING to crank,' the accumulation equations for inter diffusion in a binary system whose molal volume is a function of concentration are

Jan 1, 1965

The experience of the Committee in connection with securing papers for the Butte meeting in August has shown that authors should begin early on papers contemplated for the New York meeting next February. So many papers come in at the last moment that it becomes exceedingly difficult to have them all read, indorsed, and delivered to the printer in time. Authors should remember that those serving on this Committee are doing so without pecuniary compensation, and it is hardly fair to expect them to devote so much of their time at the last moment from their private affairs. So many papers have to be sent back for corrections of one kind or another, that it is desirable that they be sent to the Committee at least three months previous to the date of the meeting. The Committee desires to be kept informed of contemplated papers on metallurgical subjects particularly. It is hoped that the Institute Transactions can be made an up-to-date record of metallurgical advance of all kinds. For the present, at least, the activities of the Committee include the refining and preparation of the non-metallic products such as phosphate rock, precious stones, cement, lime, gypsum, building stones, etc. Papers covering any of these subjects are desired. General papers covering geological, mining and metallurgical phases of an ore deposit can be sent either to this Committee or to one of the other Committees on Mining Geology or Mining Methods. C. W. GOODALE,Chairman. DARSIE C. BARD, Secretary.

Jan 8, 1913

By W. H. Meyer

Although an aerial photograph is not a map, most of the information that is necessary for compiling a map is recorded in the photograph provided some form of radial-line method is used to determine the true position of images. The slotted- templet method, which is based on the well-established radial-line principle, has made it possible to construct accurate mosaic maps at a cost comparable with that formerly charged for the average mosaic. It makes possible the securing of these results with far less ground control, which is always expensive. It has expanded widely the possible use of aerial photographs for mapping. ALTHOUGH a vertical or oblique aerial photograph is not a map, most of the information that is necessary for compiling a map is recorded in the photograph. Some ground controls or data are needed, the number and accuracy to be governed by the mapping method to be used and the scale and final accuracy desired in the finished map. RADIAL-LINE CONTROL It is essential that the principle of radial-line control in the use of vertical aerial photographs be understood and accepted before any confidence in the slotted-templet method can be gained. A simple sketch and some enlargements showing the Empire State Building will serve to illustrate the cause of displacement of an image that is above the datum plane as recorded in the photograph. The top of the tower of the Empire State Building is directly above the base, and when the image of the top is shown almost two blocks away from the center of the base, it is evident that the image of the top of the tower is not the true location, and in this particular case we know where the true location is; namely, over the center of the base of the tower. If the top of the tower were the top of a hill 1250 ft. high, we would have no way of knowing by inspection the true position of the top of the hill, so it is very important to have a method whereby the true location of any such point can be determined, and thereby make it possible to convert the detail of an aerial photograph into accurate information for mapmaking.

Jan 1, 1939

By Richard W. Lodge

Several methods, both wet and dry, for the assay of zinc-box residues from the cyanide process, have been described in recent years, and each of them has been claimed to be superior to all others. In the year 1901, a paper, entitled "Assay of Zincy Precipitates," was published ill the School of Mines Quarterly to the purport that the scorification method for the assay of zinc-box residues was absolutely unreliable. In order to shed light on this matter, the following experiments were undertaken by Messrs. C.B. Hollis and F. D. Kehew, undergraduate students at the Massachusetts Institute of Technology. The zine-box residues used were obtained through the courtesy of Mr. H. R. Batcheller. The samples were very rich and varied greatly in the fineness of their condition. SCORIFICATION-ASSAYS. In the preliminary tests, the charge, which was weighed on a chemical balance, consisted of 0.1 Assay Ton of residues mixed with from 30 to 35 grammes of test-lead and placed in a 3-in. scorifier, over this an additional quantity of test-lead (from 30 to. 35 grammes) was placed for a cover, and borax-glass, varying in quantity from 3 to 15 grammes, was sprinkled over the top of each charge of the various assays for a cover. The charges were scarified in a muffle-furnace heated to the ordinary temperature which is used in scorification; in some cases the door of the muffle was left open, while in others it remained closed. Generally, the charges spit badly, especially in the assays that were made with door of the muffle left open, or in those in which the door was opened too quickly. The results of the preliminary assays showed: 1. That in order to obtain approxi-

Jan 1, 1904

By Joseph W. Siefke

Jan 1, 1985

By J. Van Oirbeek

The ash-fusion gas producer, blown with air preheated to a high temperature, was perfected by the Société des Houilléres de Saint-Etienne during the years 1920 to 1925, for the treatment of a mixture of ashy fuel and limestone. The temperature, about 1800° C., obtained by using hot air in running the producer, ensures the fusion of all the slag and the transformation into carbon monoxide of every particle of carbon contained in the materials treated.

Jan 1, 1937

By Olev Trass

The mill body is a stationary grinding cylinder inside which a number of helically grooved rollers rotate, each being suspended on a flexible axis. The feed material is repeatedly crushed between these rotors and the cylinder, with the crushing force created by radial acceleration. The mill has several internal design variables such as number, size and shape of rotors, and can be operated wet or dry. It is compact, has a high capacity, modest power consumption, and can grind many materials down to ultrafine powder. Illustrative data on product size distributions and particle shapes are given for grains, metals and minerals obtained at various operating conditions, along with initial results on grinding kinetics.

Jan 1, 1980

By E. K. Olson

Eagle Mountain mine of Kaiser Steel Corp. began production in 1947 when the direct shipping ore contained 51-56% Fe. The high grade, wide ore face and low stripping ratio ores were rapidly depleted and Eagle Mountain required processing plants for upgrading and more efficient mining equipment. During 1970-71 total annual pit tonnage averaged 56 million tons of material ranking the Eagle Mountain Mine as the fourth largest in the country. Ore production averaged 12.5 million tons requiring a stripping ratio of 3.5: 1. During this period mining activities were scheduled for a three-shift, seven-day operation. The present mining rate is about 30 million tpy on a two-shift, five-day schedule.

Jan 12, 1972

By Edward Perry

IN the exploration of a copper deposit by drilling, obvious advantages are to be gained from a distinction between primary and secondary ore.1 Perhaps the chief of these is the aid which such a distinction renders in determining where a given hole should stop. The copper assay, often a sufficient guide, cannot always be exclusively relied upon. Primary ores may extend downward indefinitely and may fluctuate in value independently of depth: if primary ores are consistently lean for a considerable vertical distance, there is little reason to expect that, still deeper, they will increase to the commercial grade; on the other hand, rich primary ores may persist uninterruptedly downward or may come in again below a lean interval. Secondary ores, however, have a comparatively limited vertical extent; in a large way enrichment decreases with depth and finally gives out. It follows then, that when a hole descends from profitable ore into ore of less than the commercial minimum, the practical significance of the situation depends upon whether this decrease results from a decrease in secondary enrichment or is a variation in primary content: if the copper of the ore passed through has been chiefly secondary, little is gained in the average case by extending the hole much below the point at which the commercial limit is reached; but, when copper is chiefly primary, due weight must be given to the possibility that, still deeper, the ore may again improve.

Jan 2, 1916