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By J, T C. McCuaig, J Hodgkison, T Fouet

Olympic Dam is the eighth largest Cu deposit and the largest U deposit in the world, with approximately 35 million tonnes of contained Cu and 1.2 million tonnes of U. The most recent resource estimate was for 2.95 billion tonnes of mineralised material with average grades of 1.2 per cent Cu, 0.4 kg/t U, 0.5 g/t Au, 2.6 g/t Ag as contained mineral resources. Olympic Dam is expected to produce >200 000 tonnes of Cu and 4200 tonnes of U3O8 from 9.8 million tonnes of ore in 2004, making it the 12th largest Cu producer in the world. One of the impediments to achieving targeted rates of production has been oversize material (>0.9 m) reporting to stope draw points. A major contributor to oversize material may be overbreak along pre-existing structural weaknesses from stope walls and backs during the production life of a stope. Underbreaking to structures can also have a detrimental effect on the performance of a stope. In an effort to understand the influence of structural geology on stope performance, WMC Resources and SRK Consulting partnered during 2003 to refine the current system of structural mapping, and to use historical data to produce a structural interpretation covering a large part of the mining area. The interpretation has been wireframed in DATAMINETM into a three-dimensional structural framework model. To date, there are more than 600 structures of >50 m strike length incorporated into the structural framework model, which covers a study area 1500 m + 600 m + 350 m. A back-analysis exercise to assess the influence of interpreted structures on overbreak and underbreak was completed for laser-surveyed stopes.

Jan 1, 2004

By I. Yochev, A. A. Metelev, A. I. Stepanenko, A. P. Purgin, M. G. Viduetsky, A. M. Panshin, I. F. Garifulin

"Pneumatic flotation cells of the KFM series are intended for the concentration of various ores and technogenic materials. The key operating principle of the flotation cells of the KFM series is the preparation of pulp for flotation in blowers, offering the advantage of an accelerated flotation process. This report summarizes the results of the implementation and operation of the KFM cells at Russian and foreign projects in 2015-2017. Their implementation and operation experience confirms the high efficiency of the KFM cells, especially in the head of lead and zinc, copper and zinc, copper flotation processes:head KFM-600 flotation cell recovers from lead-zinc ore (Rudmetal AD modular concentrator) up to 52% of lead in a single stage (without cleaner flotation) in a salable lead head concentrate (grade of up to 76% lead, 2.3% zinc). The flotation cell proved to be much more efficient than originally expected in the process description in the design phase,flotation of the copper-zinc ore from Novo-Shemur deposit (PJSC Svyatogor concentrator) in two KFM- 1400M cells recovers up to 65% of copper and 70% of zinc in a high-grade bulk copper-zinc concentrate containing 12-13% of copper and 25-28% of zinc. The installation of the two cells with a combined capacity of 26 m3 allowed to decommission 4 chambers of FPM-16 pneumomechanical flotation cells with a combined capacity of 64 m3 with a simultaneous increase in the overall ore concentration performancea single KFM-1400M cell (13 m3) recovers from the copper ore from Volkov deposit (PJSC Svyatogor concentrator) 53% of copper into a high-grade copper head concentrate (33.0% of copper). For comparison, the pneumomechanical cell FPM-16 (capacity 16 m3) has almost half as low copper recovery (29.6%) into the head concentrate at a lower grade (30.5% copper)."

Jan 1, 2018

By A. W. Ambrose

"Records of individual wells form the basis for the successful operation of any company engaged in the production of petroleum. The expense attached to the compilation of records is negligible in comparison with the benefits resulting from their use. There a company has not a complete system of records, immediate attention should be given to the preparation of forms upon which to collect data, and, to the collection of data for these forms. The records needed vary with each district, but for each field a set should be adopted that will best meet the needs of each property. Practically all operators, and particularly all successful operators, agree on the necessity of good records, shopping what the wells have done, are doing, and may be expected to do in the future. Any operator realizes the value of records of sales of oil and should place almost equal emphasis on the records of well logs and histories showing the east and present performances of wells. Indeed, trustworthy records are absolutely necessary for the proper operation of any oil or gas property.Complete records should be kept on each well from the time the location and elevation are determined until the well is abandoned, and the engineer should review old records often enough to be familiar with the past performance of the various wells and with the conditions that affect production. Some of the forms that may be prepared are:--"

Mar 1, 1920

By K. S. Raja, M. Misra, S. K. Mohapatra

"Ordered arrays of TiO2 nanotubular photocatalysts were prepared by a simple anodization process. Band gap states of the TiO2 were altered by controlling the anodization electrolyte composition and thermal annealing conditions that resulted in enhanced photo activity. These nanotubes were used for reducing CO2 to methanol either by photochemical or photo electrochemical routes. Pd nano-particle loaded TiO2 nanotubes were employed for photochemical reduction of CO2 to methanol that showed a conversion rate of 12 x 10-3 mol m- 2h-1. Carbon modified TiO2-xCx type nanotubes were used as photo anode and Ti as cathode for photo electrochemical reduction of CO2. The potential of Ti cathode was maintained at -0.5 V SCE. The formation rate of methanol was determined as 13 x 10-3 mol.m-2h-1.1. IntroductionGlobal warming due to emission of carbon dioxide is a serious environmental concern. The atmospheric concentration of CO2 is about 384 ppm by volume and about 3 x 1012 tonnes by weight. Burning of fossil fuels and deforestation are the leading causes for increase in the anthropogenic CO2. More than 32 x 109 tonnes of CO2 are released per year (based on 2006 data) worldwide from the fossil fuel. Pumping CO2 from the fossil fuel power plants into deep ocean basin is one of the most discussed disposal options. The other potential option is converting this green house gas into valuable fuels.Carbon dioxide feed stock can be converted into fuels of solid, liquid or gas phase by chemical, electrolytic, photocatalytic and photo-electrocatalytic methods. Reduction of CO2 to fuel form of any phase requires energy. The reduction process should be energy efficient so that we do not spend more energy and emit more (indirect) CO2 in the process of converting CO2. From this point of view, conversion processes occurring at room temperature look attractive.Electrolytic conversion of CO2 into various forms such as methane1, ethane2, ethylene3, methanol4,5, ethanol6, n-propanol, formic acid7, and formaldehyde has been widely reported. The standard equilibrium potential (at pH: 0) for reduction of CO2 to methanol is 0.14 VSHE and to methane is 0.2 VSHE which is thermodynamically more favorable than hydrogen reduction. However, the gas phase reduction is kinetically complex requiring effective electrocatalyst. The major issues with electrolytic conversion of CO2 to useful products are:"

Jan 1, 2010

By Charles S. Ney

"THE WRITER'S acquaintance with Kootenay King mine is limited to a brief geological excursion in the vicinity. This paper has been compiled largely from maps of J. Sullivan, mine geologist in 1952, kindly made available to the writer by Transcontinental Resources; a 1942 private report by W. L. Brown; and personal communications with J. Sullivan. Remarks on regional geology, and the comparison with Sullivan mine, are specifically the writer's.The Kootenay King mine is situated in the westernmost range of the southern Canadian Rockies at an elevation of 7,300 feet. From the Sullivan Mine at Kimberley, B. C., it lies 19 miles due east. Six miles of this distance are represented by the pronounced topographical and structural gap of the Rocky Mountain Trench. Mineral claims were locat-ed in the area prior to 1898. The deposit was first seriously explored in the late 1920s, and a small orebody was then outlined and developed. Mining and milling were undertaken in 1951.52. The orebody, amounting to about 14,000 tons, was mined out, and no significant new ore was revealed.The orebody is a replacement of dolomitic argillite by fine-grained galena, sphalerite, and pyrite. The sulphides are finely laminated in the direction of bedding, following out minor folds faithfully. The grade of ore estimated from diamond drill holes (W. L. Brown, 1942) was 11 ·I per cent zinc, 11 ·I per cent lead, and 3·8 ounces per ton of silver. The mineralized zone extends about 250 feet horizontally, 160 feet vertically, with a width of six to twenty feet.General GeologyThe country rocks are sediments of the Aldridge formation of late Precambrian age. For several thousand feet stratigraphically above and below the mine, the formation consists mainly of thinly laminated argillite and siltstone. Several horizons contain appreciable carbonate. About 2,800 feet stratigraphically below the mine, predominantly dolomitic beds mark the top of the underlying Fort Steele formation. The medium-bedded fine quartzites, which characterize about 10,000 feet of the Middle Aldridge in the Purcell range, have a restricted development amounting to only 2,000 feet in the Rocky Mountains. This member is about 2,200 feet above the mine horizon."

Jan 1, 1949

By B. C. Blakey

Unlike most hydrometallurgical slurries, those containing significant concentrations of goethite are typically highly viscous and shear-thinning, even at solid volume fractions below 5%. The viscosity may also depend upon time. These characteristics must be taken into consideration in slurry transport and heating. The technical literature is replete with apparent contradictions regarding the viscous behavior of these slurries, which may be due, in part, to variations in viscosity-measuring techniques. We present techniques that yield consistent results suitable for use in process design. A striking degree of time-dependent behavior is demonstrated for a laterite slurry. Reliable methods to design and analyze tubular transport and heating systems for time-independent slurries are summarized. Rules of thumb are then offered to account for the effects of time-dependency.

Jan 1, 2000

By B Ganesia, H Sahupala

PT Freeport Indonesia is a copper-gold mine operation located in West Papua, Indonesia about 3500 km east of Jakarta. Current ore production is about 270 000 tpd, of which 30 000 tpd comes from underground. In the future, the production from underground will be gradually increased to reach a maximum of 115 000 tpd, as the Grasberg open pit production decreases. The current and future challenge for PT Freeport Indonesia is to fill the quota of underground miners, as Indonesia does not have a long culture of underground work. At present, there are only three active underground mines in Indonesia. The lack of underground skilled labour incited the company to develop its own skilled workforce. In the mean time, to overcome the shortage of personnel, the underground management had to find a way to improve the productivity. Since 21 May 1998, PT Freeport Indonesia Underground Mine has operated with the new roster of two rotating shifts a day, 11 hours per shift. The previous schedule consisted of three nine-hour shifts per day, six days a week, for a total of 26 working days in a month. This change was intended to increase the productivity of the miners. With the previous roster, studies determined that the effective working time was only seven hours per shift. The new roster produces an improvement of effective working hours to about nine hours per shift. As a result, total production has increased by 33 per cent and the utilisation of production equipment has increased by 16.5 per cent. This paper describes the background of the decision to change the work schedule, the study carried out to evaluate the benefits and drawbacks of the new shift roster, the challenges, and then compares the results for various parameters between the old schedule and the new one.

Jan 1, 2002

By J. R. Linney

THE Eastern Magnetite Industry produced approximately 7,850,000 long tons of crude ore in 1945 from which was obtained approximately 3,650,000 long tons of shipping product or a ratio of 2.10 to 1. Lack of skilled or experienced miners was the greatest handicap. Veterans returning to work improved the underground labor shortage in some localities but as a whole the labor shortage was keenly felt throughout the industry. One cannot now predict what may be accomplished in 1946 but barring major steel strikes a worthwhile improvement can be expected. At the Richard mine of the Richard Ore Co., the shipping product for the year amounted to approximately 124,650 long tons of concentrate and lump ore. Crude-ore production was 160,600 long tons. The average analysis for lump ore was 63 per cent iron and for concentrates 66.05 per cent. The Warren Foundry and Pipe Corp. at their Mt. Hope mine produced 73,000 long tons of lump ore averaging 59.5 per cent and 57,000 long tons of concentrate averaging 67 per cent. The total mine hoist was approximately 209,000 long tons. Operations were commenced through the new Leonard shaft on Jan. 18; the Brown shaft through which operations had been conducted since 1912 caved beyond repair on Sept. 26. No one was injured but pumping facilities were somewhat disrupted. In order to reach designed capacity a total of 400 men will be required with 300 underground. Due to shortage of labor all operations in 1945 were concentrated on the 1700 level. As fast as men can be hired and trained development of the 2100 and 2500 levels will commence. Mt. Hope has a consider-

Jan 1, 1946

By Leonardo Bravo, Leonardo Almeyda

El desarrollo de proyectos de I&D es fundamental para maximizar la eficiencia del beneficiamiento de minerales. Por ello, Nexa Resources busca captar nuevas variables, controlar y optimizar los procesos minero – metalúrgicos mediante la implementación de modelos analíticos, y generar así escenarios virtuales capaces de anticipar condiciones operacionales futuras. Este artículo aborda los puntos más críticos suscitados durante la ejecución de proyectos de I&D en el sector minero – metalúrgico, e inicia detallando los pasos claves para diseñar un portafolio de I&D que permita optimizar uno o más KPI operacionales, y sea capaz de garantizar (i) la viabilidad técnica – financiera, (ii) la generación de valor en el corto plazo y (iii) una adecuada gestión del riesgo.

Sep 29, 2023

By M. P. McArthur

General mining practices at W. R. Grace's Bonny Lake mine are much the same as those used in open pit phosphate mines in Central Florida, except for the difference in the depth of the overburden which introduces many variations, From 1945 to 1961 the mining at Bonny Lake has been from an area in which the overburden averages from 55 to 60 feet and in several locations exceeded 65 feet. The matrix thickness will average 15 to 18 feet for the areas mined. As you can see from the above depths a total hole depth will average from 70 to 75 feet.

Jan 1, 1962

By BLABIEY STEVENS

THE object of this paper is to present a theory of the formation of fissures which seems to be supported by all available data. The investigation is, in the main, an exact one, and irregularities of the rock-structure are generalized. From the conclusions drawn a general classification of fissures is made, and this should be of practical use in the comparison of mineral deposits. The theory also throws some light on the equilibrium of the earth's crust and the depth of action of surface-waters. Incidentally, additions are made to the theory of earthquake-slips. Former Theory. It has been previously pointed out that the '"jointing" of homogeneous rocks occurs in two sets of planes, at right angles to one another, and making angles of 45° with the directions of greatest and least principal stress.' The theory by which this fact is explained does not, however, account for fissures and faults, because normal faults are usually more vertically, and reverse faults more horizontally, inclined than 45°. The "jointing law" is based on the following axiom: "In a homogeneous mass under pressure, rupture must take place on the lines of maximum tangential stress." 2 This law applies, with fair approximation, to the tests on jointing which can be made in the laboratory, and as nearly as can be expected to the natural jointing-planes in rock-masses, where the stresses are not very great; but it entirely fails to account for fissure-fractures.

Aug 1, 1909

By Mi Chung

T HE ore-dressing problem at Tul Mi Chung is complicated by the unusually complex nature of the ores. These come from replacement ore- bodies in limestone at the contact with a granite batholith, and contain copper, gold, silver, bismuth, molybdenum, iron, arsenic, zinc, and lead, the first two metals constituting the principal sources of profit. Iron is present as pyrite, magnetite, and hematite. Arsenic occurs both as mispickel and lollingite (FelAsa), the latter carrying a certain amount of finely divided gold. The gangue minerals are those typical of limestone con- tact-metamorphism and include a large percentage of garnet, together with diopside, serpentine, calcite, epidote, zoisite, actinolite, 'mica and other minerals. A part of the gold occurs in a free state; some is combined with chalcopyrite and lollingite, and a consider- able proportion is contained in the pyrite. Researches towards the improvement of recovery have been energetically conducted since 1915. Amalgamation, gravity concentrating tables, vanners, can- vas plants, etc., have all been tried and discarded in favor of flotation. It was very quickly established that fine grinding was essential for satisfactory recovery. This was and is still accomplished in Hardinge ball and pebble mills. A comparative test showed that when the ore was crushed to the point at which it contained 20 to 26 per cent. coarser than 100 mesh, the gold recovery was only 55.9 per cent., whereas when crushed so that only 11 to 15 per cent. was coarser than 100 mesh, the gold recovery was increased to 82.5 per cent. No particular difficulty was ever experienced in making a satisfactory recovery of copper but the losses in gold were considered serious and led to the investigation described in this paper.

Jan 1, 1924

By AIME AIME

THAT the copper industry is in serious straits is admitted. So are the lead and zinc industries, and both lead and zinc are tariff protected. Conditions in the Western lead, zinc and silver mining districts are desperate. These are illustrated by the present disastrously low prices of these metals compared with the levels of two and three years ago and by the comparative rates of metal production and the present activity of the western mining camps. The January production of copper was 32.2 per cent of the 1929 average rate, of steel was 32.3 per cent of the 1929 average, while January production of pig iron was only 27.6 per cent of the monthly average of 1929. The copper industry is only one of many industries that are suffering in this tragic depression. It has been exceedingly prosperous and will be prosperous again when business recovers. Its difficulties are not unique and it does not deserve the tariff equivalent of a dole. The burden of subsidizing through an effective tax or tariff the minority group of high-cost mines would be a heavy one on the consuming public of the United States. On the basis of 1929 consumption figures, an effective 5c. tariff would result in an increased copper bill to the country of over $109,000,000, of which the electric manufacturers would contribute $26,000,000, the telephone and telegraph companies $16,000,000, and the automobile manufacturers $14,000,000. And of this total bill, only $33,000,000 would go to those who are urging a tariff and the balance of $76,000,000 would be paid to those who do not admit either its necessity or usefulness under present conditions.

Jan 1, 1932

By Julian Vigil

Mountain bumps have been a problem in the coal-mining industry since the 1920's. The problem became severe in the late 40's and early 50's with the introduction of mechanized mining. Fatalities and serious injuries resulted from mountain bumps during this period. Mountain bumps again caused fatalities in the 80 's. Interviews were conducted mostly with retired coal miners having experience in bump conditions with five different coal companies. These men held positions as president, general manager, roof-control specialist, mining engineer, inspector, superintendent, mine foreman, shift foreman, section foreman, miner operator, electrician, and general laborer. Together, their comments give a good idea of the things tried to mitigate mountain bumps in the Appalachian Coal Fields.

Jan 1, 1991

By Raymond Mancha

"Conventional" coal dryers really do not exist. What we really mean to say is that there are many and varied kinds of coal dryers -- and the "air handling problem" is really the only portion of it which has been approached for solution by conventional methods. It now appears that these conventional methods need supplementing by some new, relatively unconventional apparatus. In order to approach this matter with mutual understanding, here is a quick survey of the coal drying art. Figure #1 shows a McNally Pittsburgh Pulso Dryer, In the McNally Pulso Dryer, the coal is fed-onto the screen by a rotary feeder assuring even distribution of the coal. As the coal travels forward due to the action of the screen, it is subjected to a controlled pulsating flow of hot gases. T ese originate below the deck and are directed up through the moving bed of coal. Fines sifting through the deck are dried in the hopper below the screen as they fall through the hot gases to an evacuation screw. The coal remaining on the screen is dried to the desired degree when it reaches the discharge end. At this point, it is directed down into the evacuation screw to combine with the fines, or it may be discharged as a separate product. As the coal travel down the screen, it is subjected to intermittent upward currents of hot gases. These first distend the bed allowing the gases to come into intimate contact with the coal particles for rapid and efficient heat transfer. Then, as the flow of gas is cut off, the bed settles and the extreme fines sift through the screen preventing their being carried away into the exhaust system.

Jan 1, 1958

By Donald M. Hausen

Diamond-bit performance and cost data accumulated by the Bureau of Mines in core-drilling schists reveal significant trends of economic interest. Low-quality, small-size drill bort were the most economical. The percentage of core recovery, type and size of bit, and bit matrix are also correlated with bit performance and costs. Detailed analyses of the factors affecting diamond-bit performances and costs are assessed in the tables, graphs, and discussion.

Jan 1, 1956

By Hans Jahncke G

El petróleo se forma por rocas porosas, que al producirse se llaman los "reservorios de petróleo". Por lo cual este debe poseer intersticios entre las partículas sólidas, que acumulen ciertos fluidos. Empero este no es el único fluido encontrado, sino que pueden contener aguas, gas, en tanto solución del petróleo libre. En este sentido, el objetivo del texto es señalar el funcionamiento del laboratorio de reservorio, en tanto determine estas propiedades, las cuales son básicas en todos los cálculos de reservorios, determinación de reservas, desarrollo de la producción y las posibilidades futuras de recuperación secundaria. Las funciones del Laboratorio de Reservorios de la International Petroleum Company se dividen en dos partes: El primero refiere el trabajo de campo, que incluye obtención de registros de presión, temperatura y determinación de niveles de fluido en los pozos y el segundo, los trabajos de laboratorio propiamente dichos como la determinación de las propiedades físicas de las rocas del reservorio y de los fluidos que contiene. Estos a su vez comprenden la saturación y permeabilidad. En cuanto a los trabajos de muestras de petróleo del subsuelo, encontramos factores como la presión de saturación, relacion de gas-petróleo, volumen de formación y viscocidad. Asimismo los análisis de trabajos de muestras de gas se realizan mediante el desplazamiento de fluídos por inyección de agua.

Jul 20, 1956

Las formas de aplicación energética en la industria minera peruana han evolucionado tanto como las fuentes convencionales de generación de energía. En este sentido, el objetivo del texto describe el aporte del carbón y del petróleo como fuentes convencionales de energía y su aprovechamiento para la generación de fuerza en la industria minera del Perú. Asimismo se indican las posibilidades y limitaciones del uso de la energía atómica en dicha generación. El aprovechamiento del carbón como elemento energético no ha logrado superar las espectativas económicas dado su bajo costo de precio en el mercado nacional. De forma que se planteó mejorar el rendimiento de los subproductos derivados de las plantas de carbón, a través de un proceso de homogenización previa, disecado y modificación de los dispositivos en las calderas, asegurando una posible explotación a futuro. A esto se añade el uso de energía eléctrica por medio de la instalación de modernas centrales termoeléctricas a carbón. Respecto de la aplicación de la energía atómica como factor recurrente en la industria minera peruana, se revela un insuficiente rendimiento termodinámico y satisfactorio conlos 700° C necesarios para las turbinas, por lo cual se hace necesario elevar la temperatura a través de una fuente calórifica como el carbón. Mientras que si hablamos de una de las fuentes energéticas de mayor consumo en las mineras como en los plantas hidroeléctricas, el petróleo mantiene su posicionamiento dada la provisión del rendimiento eléctrico. En consecuencia, se busca aprovechar a mayor escala el uso del carbón como combustible en las centrales térmicas mineras por medio de un sistema de control de precio y así establecer una competencia con el petróleo y la generación de la energía nuclear, teniendo en cuenta las condiciones de abastecimiento de energía para su utilización en la región del Altiplano de la zona meridional del país.

Jul 20, 1959

By J. W. Merkley, K. B. Hustwick

"The authors describe the use of a computer system for the control oj warehouse inventory at Cominco's Canadian operations. The challenge presented by the company's diverse products and various locations necessitated a practical approach to operational and manpower requirements. The utilization of modern forecasting techniques, manual intervention and exception reporting provides system flexibility. The system also provides both operational and management control to set required service goals at the lowest inventory levels for inventory management.IntroductionCominco Ltd. is a Canadian company, with international operations, the principal business of which is zinc, lead and chemical fertilizer s. Its involvement is fully integrated and range s from mineral exploration through mining, smelting, refining and by-product production to international marketing. It also embraces related services, including trade, wharfarge and power. With head office in Vancouver, it is involved, directly or through subsidiary or associated companies, in Canada and in the United States, Greenland, Europe, Australia, India and Japan.Cominco has over 12,000 employees and 26,000 shareholders, with 91% of all shares held in Canada.Cominco's Inventory Control System is one of the most extensively used computer systems employed by the company. Also, inventory control is regarded as one of the most economically successful computer applications to be undertaken by the Data Processing Services (D.P.S) Group that was responsible for the development of the Inventory Control System.The main use of automatic inventory control has been at operating plants in Western Canada and the Northwest Territories, which are separated by large distances. Each location has equipment-intensive mining and processing operations and it is essential to maintain control of parts and supplies inventories. Some of these locations are remote from urban and industrial centres and it is important to avoid the adverse effects of high personnel costs and re-training due to turnover."

Jan 1, 1982

By James A. Curry

Table I identifies the maximum cost of the individual provisions with spoil disposal in Appalachia leading at $3.98 per ton, This was followed by deep mine subsidence control and monitoring at $1.66 per ton. At the request of the U.S. Department of Energy, the Bowser-Morner Testing Laboratories of Dayton, Ohio, evaluated Consol's cost estimates for 14 of the 21 regulatory provisions the company studied. It is interesting to note that Bowser-Morner concluded that Consol's estimates of costs were very conservative and that the actual costs will be substantially higher than what the company reported. In 1978 a joint committee of the National Coal Association and the American Mining Congress made estimates of cost impacts under 11 OSM permanent rules (see Table II). Six rules applied to mid-western strip mining were projected to cost $6.52 to $17.17 per ton. Five rules applied to mid-western strip mines showed costs ranging from $.91 to $6.11 per ton. Three rules applied to deep mines (regardless of region) were seen raising costs from $ .57 to $2.67 per ton. The joint committee reported trouble developing overall figures because member firms used widely different assumptions in calculating their costs. That same statement could no doubt be made when comparing most cost data available today.

Jan 1, 1980