Search Documents

By Karl F. Peterson, H. K. Najarian, Robert E. Lund

R. E. Powers (Mellon Institute of Industrial Research, University of Pittsburgh, Pittsburgh)—Several of the processing methods at the Josephtown smelter might well be considered by plants producing iron blast furnace sinter. In making blast furnace sinter the objectives are much the same as at Josephtown: To produce a strong yet porous agglomerate which has a size consist in a preferred range. The emphasis however is on production rate rather than on the size or other quality characteristics of the sinter. Therefore the technique is entirely different. Blast furnace sinter plants attempt to make their product in one pass with a minimum recirculating load and without sizing treatment after the sinter leaves the machines. Many plants are beginning to feel that more attention paid to quality characteristics would make the product a more desirable blast furnace material. The pelletizing of very fine material before placing it on the bed is not deliberately done at iron sinter plants, although the installed equipment sometimes gives a simila; action. Such pelletizing seems to be a promising way of accommodating the down-draft sintering Drocess to very fine materials. he recirculating load at Josephtown is extremely high. Two plants' producing blast furnace sinter from raw material of comparable size have a recirculating load of about 100 pct of production. At Josephtown it is notable that the size and the rate of feeding of return fines are under control. This is not the case in most blast furnace sinter plants. The sinter slicer appears to be a worthwhile aid in effecting such control. It is similar in action to rakes and plows used at a number of plants, but it has the advantage that the sinter dislodged is positively removed and not left to the inefficient action of a stationary grizzly screen. Blast furnace size specifications for sinter are not at present so rigid as the Josephtown specifications. If the sizing of blast furnace sinter does become important, then the Josephtown crushing practice, in which a large recirculating load is maintained on the crusher in order that minimum fines be produced, may be of interest. H. K. Najarian (authors' reply)—We note that Mr. Powers appreciates some points that we tried to emphasize in our paper as being of importance in making zinc sinter of good quality and which may well be applied to iron blast furnace sinter. Fig. 2 shows the pelletized nature of the feed going on to a Dwight-Lloyd type sintering machine in our plant. Practically, the entire feed consists of more or less rounded particles which permit more uniform air passage through the charge, while the larger particles in the charge roll on to the surface of the grate, which helps to keep the grate openings from being clogged by excessive fines. An agglomerated charge of this character may preferably be made by rolling action while being mixed in a rotating drum and wetted by water sprays to bind the fine particles together and give the charge the desired moisture content. From our observations of several iron ore and blast furnace flue dust sintering operations, we believe that if the fines from the sinter discharged from the machines were to be recirculated and agqlomerated with the new feed, not only sinter of better quality but larger capacity from the machines may be realized.

Jan 1, 1952

By D. R. de Fontaine

By computing the values of the resolved shear stress for a great many orientations of the tensile axis on all 12 (111) <110> slip systems, Taylor and Elam&apos; were able to map out a stereogram of slip systems, given here, Fig. 1, in Diehl&apos;s notation (see, for example Hauser and Jackson&apos;). The purpose of the present note is to derive such a stereogram by mathematical reasoning and to give a simple method of defining the system with highest resolved shear stress for any direction of the tensile axis, thereby eliminating tedious computation of the Schmid factor. Let the tensile axis, of direction cosines [xyz], make the angles 0 and relative to the slip plane normal [HKL] and the slip direction [hkl] respectively. Fig. 2 shows a simple cubic cell whose edges define a Cartesian coordinate system. Let A be a unit vector of origin 0 supported by the tensile axis. Its end point [xyz] then lies on a sphere of unit radius, on the positive hemisphere of which the planes z = 0, x = y, y = z limit the so called primitive triangle of a standard [loo] stereographic projection. For any point of this triangle, the following hold: 0«2 «y *sx « 1 [l] Now, for given [xpz], the most highly stressed system will be the one for which the following expression of the Schmid factor has the largest possible value: (HKL) belonging to the form (111) and [hkl] to the form <110>, the denominator on the right hand side of Eq. [2] is equal to 1.fi.a. The unknowns H, ... h, . . . can now be determined by correctly distributing +1 and -1 to H, K, L, and +1, -1,O to h,k, 1 giving the numerator of Eq. [2] its greatest positive value (the angles 0 and cpare chosen acute) subject to the condition: Hh+Kk+Ll = 0 [3] since the slip direction must lie in the slip plane. Condition [3] can be satisfied only by having one of its terms vanish and the other two equal to +1 and -1. Taking the case of the tensile axis lying in the primitive triangle, x2y, z and therefore Hh will be chosen equal to +1 with H = h = +1 in order to retain a maximum of + signs. There remain two alternatives: either 1 = 0 or k = 0. 1) take 2 = 0 Then Kk = -1 and the numerator of [2] becomes: Retaining a maximum of + signs gives L = k = +1 and becomes: 2) take k = 0 Then L1 = -1and, likewise, the numerator of [2] becomes: xz - z2 + xy + yz [5] But the difference [5] - [4] can be written: (y - z)(x+y +z) [6] positive or zero by virtue of [I]. If [6] is positive (y > z), then the largest possible value for the numerator of [2] for any xyz inside the primitive triangle is given by [5], i.e., for: That is to say, the active slip system corresponding to an orientat:~on of the tensile axis inside the primitive triangle is:

Jan 1, 1962

By W. T. Bishop

FOR many years pine oil has been used extensively as a frother for the flotation of minerals, particularly sulphides, yet the published information available to the average user on its composition, chemical and physical properties, has been rather meager. It is the purpose of this paper to discuss these points and their relationship to the frothing properties of pine oil used in flotation processes. Pine oil, as the name implies, is a liquid obtained from the processing of wood of the longleaf and other southern pines. It is a complex mixture of naturally occurring terpene derivatives, primarily alcohols, and a smaller amount of terpenes, which has found many uses in various industries. Its use as a frother in flotation processes was the first large-scale application in industry and today the mining industry still consumes large quantities of pine oil but the textile and disinfectant industries consume comparable volumes. Much is used in soap manufacture and laundry operations. The surface-active properties of pine oil are in a large degree responsible for this versatility. HISTORY The name "Naval Stores" goes back to the days when pine tar and pitch were used to caulk leaky ships and coat their ropes and rigging. Today this term is still used to include not only the oleoresinous products of the pine tree-rosin and turpentine-but other products such as pine oil, pine tar, and the many terpene and resinous compounds obtained by extracting the pine wood or tapping the tree. That part of the industry known as "wood naval stores" dates from about the beginning of this century and today produces a large part of the country&apos;s rosin and turpentine by processing pine wood. In addition, all of our natural pine oil is, supplied by the wood naval stores industry, as tapping of the live tree gives only rosin and turpentine. This latter phase is known as the "gum naval stores" industry. The first successful commercial operation of the steam and solvent process of the wood naval stores in industry was carried out by Yaryan at Cadillac, Mich., in 1909.1 This operation did not prove profitable, so Yaryan went south to utilize the longleaf pine, and built a plant at Gulfport, Miss.2 Soon after, another plant was built at Brunswick, Ga., which is still in operation, and in 1914 was reported to have processed about 500 tons of wood per day.1 In 1921 Hercules Powder Co. acquired the Yaryan interests, at which time the production of pine oil was only 3 to 5 million pounds per year and flotation was the largest customer. As time went on, technological advances were made, other companies entered the field, and the production of pine oil increased many fold. The growth of the industry was especially marked during the past 10 years, and in

Jan 1, 1946

By Walter Bonsack

THE CHAIRMAN.-This is the third and last session of the Institute of Metals Division&apos;s Symposium on Secondary Metals, and certainly the best of those that I have attended in the last few years. I would say that the increase in interest in secondary metals is quite noticeable by the steadily increasing attendance at these meetings. We have heard about the necessity of utilizing salvaged materials, but we still speak about them as low-grade, or down-graded materials. We still have the wrong perspective. We must willingly admit that these materials are valuable; we cannot go on using the choicest primary metals as morsels for our economic diet in a war of such unbelievable dimensions. This brings up the question-why are we so selective. The answer certainly is not that we know nothing else will do, but rather that we do not know what else will do. To be honest, we should admit our lack of knowledge concerning our complex alloys. Compared to the organic chemists, we metallurgists are very conservative, and the sooner we realize this and start to overcome it the better, because if we do not eliminate this difference, many customers of the metals business will go over to the plastics. If we take for example the development of aluminum alloys, you will see what I mean. From the binary aluminum alloys of 1920, we have progressed to ternary and quarternary alloys in the 1930&apos;s. We are only now beginning to use more complex alloys as we are forced to learn more about the effect of various elements on existing alloys. The effects of these elements should be studied now. They can be studied by two methods of approach. The usual method is to start from the base alloy and add various elements one by one in increasing amounts and study the resultant changes in properties. This is a tedious, long way. The other method which the smelters frequently use is to take the off-grade heats and study their characteristics. While the producer of primary alloys often has difficulties in alloying certain elements with the alloy under investigation, the smelter often finds them well alloyed in his raw materials and has no difficulties at all. Elements such as lead are difficult to alloy with aluminum and they tend to segregate severely. However, the amount which will remain alloyed in the metal is usually found in some "secondary" aluminum alloys. If one considers such concentration as the saturation, then by dilution with the same type of alloy, but free of such element, one can produce numerous intermediary alloys for investigation. In this fashion one is fairly certain to get uniformly spaced concentrations of the element under investigation. Similar cases probably exist with other metals. Nevertheless, the amount of work necessary to study all possible combinations is still tremendous. Necessity forces us now to utilize alloys which contain more elements than we are accustomed to. It is, therefore, necessary to study carefully the more complicated alloys. In secondary aluminum we are working and using the alloys which contain as many as 6 to 10 elements and we have learned over a period of several decades to balance

Jan 1, 1943

By H. H

This paper describes the milling practice and operating results of the recently installed heavy-media separation plant of Barton Mines Corporation, the world&apos;s largest producer of garnet. This pioneer application of heavy-media separation (sink-float) processes for the beneficiation of a nonmetallic ore is unique in many respects, the details of which will be apparent from the following presentation. Characteristics of the Ore The property is on Gore Mountain, 5 miles west of the village of North Creek, New York, and 11 miles by road. The altitude of the mine is approximately 2800 feet. The valuable mineral, garnet, occurs in a surface deposit, the ore body being about ¾, mile long and varying in width from 50 to 300 ft. The garnet, principally almandite, Fe3Al2 (SiO4)3, occurs in a metamorphic rock of uncertain origin. The gangue mineral is principally hornblende, which constitutes from 40 to 80 per cent of the rock. The remainder of the gangue is divided between plagioclase feldspars and hypersthene, with smaller amounts of biotite, apatite and pyrite. The garnet content of the ore body varies from 5 to 20 per cent of the mass and averages about 10 to I2 per cent. The garnet occurs as crystals, mostly imperfectly developed, known locally as "pockets." These crys- tals vary in size from a fraction of an inch to a foot or more in diameter. Occasionally crystals have been found up to 30 and 36 in. in diameter but they average 4 to 6 inches. Nearly every crystal of garnet is surrounded by a rim of coarsely crystalline hornblende. The quarry faces are striking in appearance, showing crimson-red garnet crystals with their coal black rims scattered over a grayish black background. The specific gravity of the garnet is 3.8 to 4.1 while that of the hornblende ordinarily is 3-07 to 3.24. Some specimens of very dense hornblende have been found with a specific gravity as high as 3.40. The garnet crystals are laminated in structure, and readily cleave into flat, tabular pieces with sharp, chisel-like edges. Even when crushed to a very fine size, the garnet retains this flat, sharp, slivery grain shape. This characteristic, together with its hardness and toughness, gives it its value as an abrasive- Former Operations Mining operations have been carried on for 60 years. Until 1923, only the oxidized (soft rock) section of the ore body was mined. The oxidation, which affected the garnet only slightly, made possible the removal of the garnet from the rock by hand after it was blasted down, using small hand picks. In 1923 a mill was erected on the property, and was rebuilt and redesigned in 1928. Before the adoption of heavy-media separation, concentration was effected by

Jan 1, 1943

By E. H. Crabtree, T. C. King

THE ferrosilicon grinding unit at the Central Mill of the Eagle-Picher Mining & Smelting Co. near Picher, Okla., was completed in March 1947. The object of the plant was to grind pigs of ferrosilicon, having a size of approximately 1 ½ by 4 by 12 in. and an analysis of 85 pct Fe and 15 pct Si, to approximately 100 mesh by crushing and wet grinding in a ball-mill classifier circuit. The minus-loo mesh ferrosilicon had formerly been purchased, and was used as medium in the heavy media process for treatment of lead-zinc ores. From the standpoint of dollars and cents, the cost of minus-100 mesh ferrosilicon was roughly $40.00 per ton more than pigs of the corresponding alloy delivered to the mill. Estimated wet grinding costs were considerably below this figure. The possible saving in cost of make-up medium for the cone plant was particularly attractive since, at that time, the plant losses averaged over four tons of minus-100 mesh ferrosilicon per day. Aside from the probable saving on the grinding charge, the need for such a unit was twofold. First, periodic fluctuations in the differential between the top and bottom densities of the cone were thought to be detrimental to metallurgy. There was little doubt that an intermediate differential existed at which the heavy media separation was most efficient, representing a compromise between concentrate grade and tailing loss. Furthermore, if a finer, but considerably cleaner, medium could be obtained, there was the possibility that the differential could be decreased without increasing the viscosity, or conversely, the viscosity of the medium decreased without increasing the differential. Preliminary to experimental work aimed at pegging the cone differential and circulating medium viscosity at whatever values were found to be most efficient, it was essential to have control over both the non-magnetic content of the medium and the particle size of the contained ferrosilicon. The latter was possible by means of a grinding unit at the mill. Second, whereas the ferrosilicon alloys are made by a number of manufacturers, only two, to our knowledge, grind it in any quantity for use in heavy media plants. For all practical purposes, the Central Mill was limited to one source of supply, a particularly vulnerable position. In case the supply was cut off, it was thought that pigs of the 85 pct Fe, 15 pct Si alloy could be obtained elsewhere, providing means of grinding them was available. There was no published information available covering wet grinding of ferrosilicon. Dry grinding in batch mills and in continuous mills with air classification was being practiced, but the cost of grinding was excessive and the dust condition objectionable. It appeared that primary and secondary crushing was no particular problem, providing heavy duty equipment was used;

Jan 1, 1947

WE the undersigned, being ell persons of full age and citizens of the United States, and a majority resident of the State of New York, desiring to form a corporation pursuant to the provisions of the membership Corporations Law for the purpose of incorporating, as provided in section 5 of Article I. of said law, the existing unincorporated association known as American Institute of Mining Engineers, do hereby make, acknowledge and file this Certificate for that purpose, and do Certify as follows: I. That the American Institute of Mining Engineers is an unincorporated association organized and existing with the object of promoting the arts and sciences connected with the economic production of the useful minerals and metals and the welfare of those employed in these industries by means of meetings for social intercourse and 6he reading and discussion of professional papers, and to circulate by means of publications among its members and associates the information thus obtained. II. That the persons duly appointed or designated to manage the affairs of said association are designated by the rules thereof Members of its. Council; that the undersigned are all members of said Council as the same was constituted on the 296h day of December, 1904. III. That on said last-mentioned date a regularly called meeting of said association was held at its office in the Borough of Manhattan, City of New York; that thirty days before such meeting notice of the intention to incorporate said association was given by mail to each member thereof whose residence or post-office address is known; that at said meeting the following resolutions were offered, seconded and duly adopted by the unanimous vote of all its members then present, to wit: "Resolved, That it is the sense of the members and associates of the American Institute of Mining Engineers in general meeting assembled that it is desirable and necessary for the well being of said association and its members and for the furtherance of the objects for which the same has been formed, that said association incorporate under the Membership Corporations Law of the State of New York; "And Further Resolved, That the Members of the Council of this Association, or a majority thereof, be and they hereby are authorized, in accordance with the provisions of Section 5 of Article I. of the Membership Corporations Law, to incorporate this association for the same purposes for which it has been organized and conducted, in the manner provided in Article 11. of said law; "And Further Resolved, That the name of said corporation as hereby adopted by this meeting shall be American Institute of Mining Engineers; "And Further Resolved, That the said incorporators shall be named in the Certificate of Incorporation as directors of such corporation until its first annual meeting, and that such directors and their successors in office shall be and they hereby are authorized to enact and adopt a Constitution and By-Laws for the government of said corporation." IV. That the name of the proposed corporation is American Institute of Mining Engineers. V. That the purposes for which this corporation is to be formed are: To promote the arts and sciences connected with the economic production of the useful minerals and metals, and the welfare of those employed in these industries by all lawful means; to hold meetings

Jan 1, 1928

By B. H. Caudle, A. B. Dyes, R. A. Erickson

The study of the influence of fluid mobilities on the sweepout pattern resulting from the injection of gas or water has been extended to cover the production period which follows breakthrough of the injected material. Mobility ratios over the range common in field operations (0.1 to 17) were studied for several pattern floods (five-spot, staggered, and direct line drive). The experimental data required for these studies were obtained by the use of the x-ray shadowgraph technique using miscible oil phases of different viscosities in porous plate mode1s of a reservoir element. From the shadowgraph pictures obtained before and after breakthrough of the injected fluid, flowing ratios at the producing well and cumulative volumes injected were calculated. The method for applying such data in predicting field behavior is illustrated for a water flood of a five-spot. For this case a range of mobility ratios of 0.5 to 5.0 results in: (I) nearly complete (95 to 100 per cent) sweepout pattern efficiencies at abandonment conditions, (2) production after breakthrough being responsible for as much as one-third of the total recovery at the lower mobility ratios, and (3) a twofold variation in the operating life of the reservoir. In determining the merits of a secondary recovery operation, the fraction of the reservoir which is ultimately to be swept by the injected fluid is of major importance. Because of its significance a large amount of research has been applied to the study of areal sweepout efficiency. Muskat, Wyckoff and Botset1,2 have presented the classic analysis of the pattern efficiency at breakthrough for several injection patterns in which the mobility of the fluids ahead of the injected phase front was equal to the mobility of the fluids behind the front. Aronofsky3 as extended this analysis of recovery at breakthrough through numerical computations and by the stepwise use of the potentiometric model to include the effect of different fluid mobilities ahead of and behind the invasion front on the line drive performance. Fay and Prats&apos; have also employed numerical computations to show the influence of one other condition of fluid mobilities on the five spot flood. In a previous paper&apos; a new method of attack on this problem which employed x-ray and porous plates was described. At that time experimental results were also presented which described the effect of fluid mobilities on the reservoir area contacted by the injected fluid at breakthrough for the five spot and direct line drive patterns. Most of the literature pertaining to sweepout pattern efficiency has emphasized the pattern which is obtained at breakthrough of the injected phase. The increase in the sweepout pattern which occurs after breakthrough

Jan 1, 1955

BEING at the crossroads, metaphorically speaking, seldom has the advantages of the literal sense of the words. One seldom has precise knowledge of the existence of the metaphorical crossroads or forks in the road of life. A case in point is the Committee on Education of the Engineers&apos; Council for Professional Development, which for twenty years has been accrediting the engineering curricula in the educational institutions of the United States. The committee is now at odds with itself and with the National Council of State Boards of Engineering Examiners over the accrediting of courses which in the opinion of many engineers are not strictly speaking engineering curricula at all. Such courses include: fire protection engineering, crystal engineering, nuclear engineering, and geological engineering. The crossroads might be placed arbitrarily somewhere between 1936 and 1938 when the committee first started accrediting curricula and included the first course in industrial engineering. Purists might argue that the committee first wandered from the straight and narrow when it recognized subdivision of engineering into the major branches of mining, metallurgical, civil, mechanical, electrical, and chemical engineering. Accrediting is certainly an important function because it provides a standard for engineering education and it should be done on a national basis by an unbiased group like the Education Committee of ECPD. Students, educational institutions, and industry derive great benefit from proper standards. The autonomous State Boards of Engineering Examiners have long accepted ECPD accreditation as evidence of the required academic training of engineers aspiring to licensing. But the State Boards today question the wisdom of applying the name engineer to graduates of some of the so-called fringe curricula. The Education Committee, having gone so far in accrediting some of them, has numerous applications pending for accreditation of similar curricula and even new courses never before accredited. Arguments against recognizing highly specialized engineering curricula are numerous. The Salary Stabilization Board has disallowed industrial engineering from classification as engineering for its purposes. A graduate of a specialized course in geological engineering at a school in the Southwest slanted heavily for practice in the petroleum industry might not be interchangeable with a graduate of a similarly designated curricula at one of the institutions in the North Central states where the emphasis might be on metallic. mineral deposits. Industry in general should not expect the universities to supply a degree in each of the specialized engineering classifications it might set up for purposes of salary or job designation. Having gone so far, it is easy to understand the difficulty of the Education Committee. ECPD might well call a moratorium for the purpose of taking stock of its position. If the present trend is allowed to continue, it is apparent that an engineering institution could be subdivided into a multiplicity of departments teaching specialized curricula resulting in a subordination of the basic concepts of engineering. Although the parallel of the medical profession is trite, it should be pointed out that degrees in medicine are not labelled by the numerous specialities practiced by doctors. For practical purposes the ECPD would do well to accept the fact that the crossroads have been overreached "and protect the engineering profession by coming up with minimum standards for an engineering curriculum.

Jan 1, 1952

By Kenyon E. Richard, James H. Courtright

Thomas W. Mitcham (Strategic Minerals, Inc., Grand Junction, Colo.)—The authors have presented a significant contribution to the field of mining geology. The article is graphic, remarkably concise, and crisply original. The presentation is made on only three pages with two maps, but their Silver Bell story is entirely adequate in background, development, and conclusion. Most of their colleagues would agree that this paper reflects the high quality of the work which these unusually capable men have done in the Silver Bell area over the past few years. The Silver Bell area is one of complex tectonic structure, and time and spatial relationships are by no means apparent. Actually, most of the observations and interpretations in this paper are new to published geologic literature on the Silver Bell area. I am in agreement with these interpretations with two possible exceptions, which are discussed below. One might well define the three roughly parallel west-northwest faults, shown on the insert of Fig. 2, as the major structural elements of the area. North to south, I propose that these be named the Ragged Mountain fault, the Silver Bell fault zone, and the Waterman thrust, after the mountain ranges which are the results of these major structures. While I would agree with the authors that the northern two of these major structures are high-angle faults of the Laramide revolution, my impression is that the southern structure is a low-angle thrust of approximately Miocene age. In support of this opinion, I submit the following observations: 1) irregularity of the fault in strike; 2) scarcity of Laramide intrusives and alteration of sediments along the fault; 3) present high re- lief of the Waterman Range which indicates youth or certainly rejuvenation; and 4) existence of a series of parallel structures farther to the south which results in an outcrop pattern suggesting imbricate thrusting. The authors have stated that Laramide igneous activity began with the intrusion of alaskite. Some dacite flows appear to be conformable with Cretaceous beds, and thus my impression was that alaskite followed the intrusion and extrusion of dacite. I would be interested to learn of evidence in support of the reverse relationship suggested by the authors. Kenyon Richard and J. H. Courtright (authors&apos; reply)—The authors appreciate Mr. Mitcham&apos;s attention to this paper. The names he proposed for the major faults seem appropriate. His suggestion that the Waterman fault is a thrust may be correct because he did more work in that particular area than the authors. However, it is believed that no direct evidence of a low-angle thrust relationship has been recognized, and the authors consider that indirect evidence favors a high-angle fault interpretation. The pre-dacite flow age of the alaskite is definitely established, the authors believe, by the fact that the flows rest on an erosion surface which was carved in the dacite porphyry, an intrusive clearly younger than the alaskite, as evidenced by inclusions of alaskite occurring in dacite porphyry. No direct evidence of Cretaceous sediment-flow rock relationships was found at Silver Bell, but in the nearby Tucson mountains dacite agglomerates, megascopically similar to those at Silver Bell, overlie a basal conglomerate which in turn rests on the truncated edges of steep-dipping Cretaceous arkosic beds.

Jan 1, 1956

R. H. Sweetser.—Mr. Reinartz spoke of slag containing 18 per cent FeO. I think he expressed the iron as oxide. I should like to ask at what point, in iron contents, it is usual practice to quit sending that open-hearth slag to the blast furnace? L. F. Reinartz.—NO problem is involved in disposing of open-hearth slag to our blast furnaces because, on account of the grades of iron and steel made by our company, the iron oxide in the slag is sufficiently high to make it very acceptable to the blast-furnace operator. I have been told that if the total iron oxide in the slag is under 18 to 20 per cent, it is not economical to use such slag in a blast furnace. J. T. Mackenzie,* Birmingham, A1a.—Mr. Reinartz mentioned sulfate in the limestone. I wonder if he did not use the wrong word. We always have assumed that the sulfate sulfur is practically harmless. Most limestone carries some pyrite (sulfide sulfur) which we thought was what gave the sulfur pick-up. L. F. Reinartz.—I have had no experience, personally, in the use of limestone high in sulfates. I have been told, on several occasions, by other open-hearth men, that the sulfates will be reduced and increase the sulfur content of the metal. We have never found any pyrite in our limestone. A. Hayes,† Middletown, Ohio.—I should think that sulfates would be readily reducible to sulfites, and possibly to sulfides at various distances through the slag layer, from the top down to the interface between the bath and the slag, because reducing conditions are certainly sufficiently strong next to the bath in the slag to reduce sulfates to sulfides. A. L. Feild,‡ Baltimore, Md.—What is Mr. Reinartz&apos;s theory as to the effect of silica in the slag on the iron oxide content of the metal? L. F. Reinartz.—I have no particular theory as to the effect of silica in the slag on the iron oxide content of the metal. I know from practical experience that it does have an influence on reduction of iron oxide in the metal. We know that if the silicon content of the charge, and, therefore, the silica of the slag is increased, the iron oxide in the slag will be decreased. Based on Dr. Herty&apos;s work, we assume that the iron oxide is correspondingly decreased in the metal. C. H. Herty, JR.,§ Bethlehem, Pa.—In the theory of iron oxide control, we have tackled the matter from the physical standpoint, rather than the chemical standpoint or from the slag itself, and we worked on the basis that the change in iron oxide content in a slag—that is, whether the slag increases or decreases in iron oxide—is due to the simple fact that if you put more iron oxide into the slag from the gas than you put oxygen from the slag into the metal, the slag must increase in iron oxide;

Jan 1, 1935

By R. E. Robbins, H. R. Brager

THIS note describes an unusual result obtained in an electron microscope investigation of cavities produced in commercial type 304 stainless steel irradiated in a thermal reactor (ETR) at 290°C to a high neutron flu-ence, 6 x loz1 n per sq cm. The analysis of the steel used is given in Table I. The unusual result is that the calculated quantity of helium gas produced by transmutation during the irradiation, 12 ppm, is less than one-tenth the amount of gas necessary to balance the surface tension of the observed cavities produced in the steel during ETR irradiation. Therefore, the cavities would be expected to behave like voids; however, they behave like "gas filled" bubbles. The maximum quantity of helium produced in the steel by B" transmutation was 8 ppm. In addition, the amount of helium formed by (n, (1) fast neutron reactions with the major alloy constituents and nitrogen was calculated to be 4 ppm based on the tabulated differential or effective fission-averaged cross sections of elements in type 304 stainless steel irradiated in typical thermal reactors.&apos;, In previous investigations concerning commercial austenitic stainless steel irradiated in a thermal reactor, the amount of helium gas calculated to be produced by transmutation has always been significantly greater than the amount calculated on the basis that the bubbles were gas filled, PPs= 2y/R. The balance of the gas was assumed to be in bubbles smaller than could be detected on the electron micrographs. Accordingly, the bubbles were attributed to helium produced from transmutation of impurity boron by thermal neutrons. These bubbles were not uniformly dispersed in the matrix but were located principally at grain boundaries, or were radially positioned around a few precipitates located in the matrix and at the grain bundaries., 4 Voids have also been observed in austenitic stainless steel irradiated at high temperature to high neutron fluences in the EBR-I1 and Dounreay Fast Reactors. The voids were uniformly distributed throughout the matrix. The amounts of helium gas produced by transmutation during these irradiations were less than one-tenth the amounts needed to balance the surface tension of the voids formed by the fast reactor irradiation. The fast reactor results are quite analogous to those reported here for the ETR irradiated steel. Electron microscope examination of the fast reactor irradiated material after a 1 hr postirradiation annealing at 900°C disclosed that essentially all the voids had been eliminated. The authors stated that the voids had developed due to the high concentration of vacancies produced during irradiatin., 6, &apos; The microstructure of the ETR irradiated material as-tested at 75O°C, Fig. 1, contained about 2 X lot5 cavities per cm3 with an average diameter of 110A. With the Van der Waals b correction and y = 1500 ergs per cm2, 300 ppm He would balance the surface tension of the observed cavities. Stereoscopic examination of the electron micrographs showed that the cavities were neither preferentially located near the grain boundaries nor highly concentrated at specific regions or precipitates. The cavities were nearly uniformly distributed throughout the matrix, on dislocations and at grain boundaries. These observations imply that the cavities were not the sole results of B&apos;O

Jan 1, 1969

By W. L. Worrell

R. C. Gifkins (CSIRO)—In this paper evidence is put forward to support the idea of grain boundary shearing in aluminum at 4.2°K and the phenomenon is explained in terms of a low-temperature "equicohesive temperature". It is stated that these findings show that grain boundary shear cannot be ruled out in any situation by temperature arguments alone. We believe, from our own recent study of "apparent grain boundary sliding&apos;&apos; at temperatures below 0.45 Tm, that it can be ruled out on temperature arguments alone.45 Our experiments were made principally with magnesium and a Ms-A1 alloy ("Magnox A12"). Careful examination of offsets of marker lines or steps at grain boundaries produced by deformation at room temperature (-0.3 Tm) showed many of these to result from curvature over narrow zones along the grain boundaries. A significant residuum did, however, appear as a sharp offset or step. It was found that the mean value of this step rose to a small value during the first 0.5 to 1 pct strain and then remained at this level with further strain. Moreover, exactly the same values were obtained (at the same stress) at 75°C instead of 21°C. That is, in this range of temperature the "apparent sliding" was not temperature-sensitive. At 125°C and above there was sliding which increased with strain and which was temperature-dependent. When this temperature-dependent sliding was used to calculate the sliding to be expected at room temperature, this underestimated the "apparent sliding" by a factor of 104. The conclusion drawn is that the "apparent sliding" consists of shear localized in a zone of a width measured perhaps in microns, whereas it seems that true sliding occurs on the boundary surface.46 A model for such localized shear has been developed in general terms, following a similar model of Urie and Wain.47 Other strong evidence for low-temper- ature sliding has been based on the offsets of marker lines consisting of a substructure seen using the electron microscope to resolve these.48 We have repeated this work and found that the effects can be accounted for in terms of cracks in an oxide film which is produced when the substructure is etched up; these cracks form over zones of shear rather than at actual interfaces. However, in aluminum at room temperature (-0.3 Tm) there is no "apparent sliding" which is optically detectable. We suggest that, when the temperature is much lower (and possibly the rate of strain higher, too), as in the experiments of Chin et al., then aluminum behaves like magnesium at room temperature, and a narrow zone of shear develops to accommodate differences in strain across the grain boundary. Such a zone could well give rise to triple-point cracks. It is hoped to investigate these suggestions further. B. Y. Chin, W. F. Hosford, Jr., and W. A. Backofen (authors&apos; reply)—It is interesting to have Dr. Gif-kin&apos;s comments, although it is somewhat difficult to reply in detail without the reference containing the work that he describes. Apparently though, he does find a low-temperature temperature-independent sliding that would seem to be related to the observations reported here. Perhaps some of the difficulty has semantic origins, growing out of the distinction between (&apos;true sliding" and "apparent sliding".

Jan 1, 1965

By Clarence W. Dunham

BECAUSE of the earthquakes that occur at Chuquicamata, the design of the smelter stacks constituted the most difficult structural problem of the entire sulphide ore project. Slight tremors occur almost daily and shocks of moderate magnitude are not uncommon. Naturally, the operation of the smelter depends upon the safety of these stacks, and their resistance to earthquakes was the critical feature of their design. Adequate data of the magnitudes of past shocks at Chuquicamata were not available. However, considering the information that was obtained from experiences in other parts of Chile, a period of one to two seconds was adopted as a basis for the design. To complicate the problem further, the stacks had to provide for operations under a wide variety of conditions ranging from the possibility of running one reverberatory furnace and two converters initially to perhaps five or six furnaces and eight or ten converters simultaneously in the completed plant. No one could tell for certain just what the ultimate capacity might have to be because the plans permitted a large extension beyond the first installation if this became necessary. Studies of the stacks were made for many conditions. At first it was thought that one stack 600 or 650 ft high should be used initially for both the furnaces and converters, with a second similar stack to be built for the future extension. This height would provide adequate draft in the rarified atmosphere at the plant&apos;s elevation of 10,000 ft. It would also disperse the gases high in the air. Preliminary studies of this large stack showed that such a structure was possible if made of steel but it would be exceedingly costly. Furthermore, the effects of the tendency for the top to whip under the action of earthquakes might be serious, and the design had to be based upon assumptions which might not be trustworthy. Such a tall stack was finally abandoned in favor of a larger number of smaller ones. Initially, one stack will service the first three or four furnaces. Another will handle the gases from four or five converters. The smelter has been located in such a position that the prevailing winds carry the fumes away from the remainder of the plant. A height of 300 ft for the stacks was finally selected. The top diameter is approximately 24 ft 9 in. clear inside of the lining. The converter stack is located upon a hill alongside the smelter. This provides an effective increase in height because its base is approximately 66 ft above the yard level. The base of the reverberatory stack is at the latter elevation. Stacks made of reinforced concrete or of steel were investigated, and so were many shapes for them. As these studies progressed, the lightness of a steel structure, and the ductility of the metal itself, led to the decision to use steel for the main part of the stacks. The fact that serious damage to one of the stacks would cause the plant to shut down, caused special studies to be made of the stress conditions that might exist around the breeching which had to be nearly 15 ft wide and 40 ft or more high where it joined the stack. This height was necessary in order to provide adequate transition from the horizontal flow of the gases to the vertical direction without undue eddies. This opening constituted a serious source of weakness in the structure. If made with sufficiently strong reinforcement around its edges, there would be a hard spot in the structure that might cause trouble because of shaft vibrations.

Jan 1, 1952

By F. W. Smith

Within the Northern Pennine Orefield, England, intersections of fluorite veins are generally richest in ore, and their recognition enables investigation of the ore potential of the intersecting bodies. A method, based on routine analysis of fluorite for yttrium, has been used with success in mines of the district to predict the location of intersections in partially developed fluorite-bearing ore bodies. This short note is intended as a brief introduction; the details of United Kingdom applications are to be published at a later date. Geology The Northern Pennine Orefield is the second largest fluorspar-producing region in Britain. The associated minerals galena, sphalerite, chalcopyrite, barite, and witherite have all been extensively worked in the past but, with the exception of a single barytes mine, all of these operations are now abandoned. Galena alone is recovered as a byproduct of fluorspar beneficiation. At the present time two companies are producing about 38,000 tpy of fluorspar from high grade vein ore bodies, and a number of concerns are actively prospecting in old lead workings. The mineralization is localized in veins and replacement flats within favorable lithologies in an alternating limestone, sandstone, shale sequence. Since the thickness of individual beds is not great (generally less than 20 m), vein bodies tend to be ribbon-shaped, with length greatly exceeding width and height (Dunham). They thus present difficult exploration targets for conventional diamond drilling techniques. Ore grade varies greatly along the veins, which can change rapidly in character from mineral stained fault gouge to massive mineral bodies up to 10 m in width. It has been known for a very long time that the richer ore bodies tend to be associated with vein intersections in favorable beds. It is assumed that vein fissure intersections provided vertical channelways through which hot ore-bearing brines were able to ascend from deeper cavities in the sequence. Thus investigation of intersections at other horizons generally yields further ore bodies. Technique The relative concentration of yttrium in fluorite is a good indicator, in the North Pennines, of the direction of flow of mineralizing fluids. In all of the ore bodies so far studied in detail in this region, the concentration of yttrium increases markedly in the direction of vein intersections that are believed to have acted as feeder zones to the remainder of the bodies. The reason for this relationship is probably connected with the degradation of soluble rare earths-fluoride complexes by the changes in various physicochemical parameters of the hydrothermal fluids as they entered the ore body cavities from the feeder zones. The simultaneous release of free fluoride ions also contributed to the increased ore values in these intersection zones. Yttrium values in fluorite taken from a longitudinal traverse of the western ore body, Redburn mine, Rookhope, are plotted in [Fig. 1.] The position of a major vein branch and three cross veins are clearly indicated by yttrium maxima. The cross veins themselves contain up to 2.5 m of low grade fluorspar ore. The exact positions of B and C were unknown previous to the geochemical survey. Similar results have been obtained for several other veins and ore bodies in the area. Clean fluorspar was collected as bulk samples from within 300 mm of the vein wall and, since the vein infilling is simple, with mineral growth from the walls inward, analyses of the samples are considered comparable along the length of the ore body. A number of samples taken from the center of the vein show a

Jan 1, 1975

By B. H. Caudle, R. E. Watson, I. H. Silberberg

The production history of an inverted nine-spot injection pattern was studied with a porous plate model similar to Habermann&apos;s. Colored fluids were used so the boundary movements could be photographed. By varying the production rates of the side and corner producing wells, the optimum pattern sweep efficiency can be obtained. Results of the laboratory tests indicate that interpolation of the pattern sweep and conductivity ratio data will permit application of the data to predicting fluid injection operations with mobility ratios between 0.1 and 10 and production rate ratios between I and the optimum values. INTRODUCTION The inverted nine-spot injection pattern in Fig. 1 has some unique advantages over other regular injection patterns (five spot, line drive, etc.) used in secondary recovery operations. It has three producing wells for each injection well, while the five-spot and line-drive patterns require an equal number of injectors and producers. Futher-more, of the eight producing wells surrounding each injection well, four are of the "side well" type which lie nearer the injection well than the remaining four "corner wells". This allows the production rates of these two types of wells to be adjusted independently of each other to obtain better pattern sweep efficiency. This latter advantage may well be the reason why the nine-spot patterns have not been studied as extensively as the patterns containing only one type of injection or producing well. The pattern sweep efficiency of the inverted nine spot is affected almost as much by operating with different producing rates of the comer and side wells as by differing mobility ratios. Possibly because of this added operating parameter, published studies of nine-spot systems have been limited in their coverage of the pertinent variables.&apos;-&apos; The model studies reported here covered the mobility-ratio range normally found in waterflood operations, as well as the variation in well production rates necessary to achieve optimum pattern sweep efficiency. Conductivity ratios — a measure of the change in total flow at constant pressure difference — were obtained during each model run. A porous-plate model with miscible fluids representing the in-place and injected fluids was used in this study. This model technique is the same as that used in both X-ray shadowgraph" and visual techniques4 described in the literature. Using miscible fluids eliminates residual oil in the model, and the permeability to the injected fluid is the same as to the in-place fluid. Thus the mobility ratio in the model is given by the ratio of the viscosity of the displaced fluid to the viscosity of the injected fluid. Because of the non-linear nature of the viscosity vs composition curve for two miscible liquids, the mobility change across the boundary between the two fluids is reasonably sharp. This technique thus represents the displacement of a region of one fluid mobility by a region of possibly different mobility in an isotropic system under steady-state flow conditions. Table 1 shows the dimensionless similarity groups used to scale the model conditions and results to

Jan 1, 1965

By Lars Rossemyr, Terkel Rosenqvist

The equilibrium Mn + 2 IiCl = MnCl2(g) + H2 has been studied at 1090°C for pure manganese and for Mn-Si alloys. For this reoction a standard free energy of Fo1363, = - 19,700 i 300 col ioas found. Combined with other thermal data, the standard free energy of the reaction Mn(s, ß) + Cl2 = MnCl2(g) was derived: Fo=- 56,140 + 9.78 T log T - 40.10 T For the formation of the various manganese silicides the following free energies were obtained. 5 Mn + 3 Si - M1z5Si3 ?F°1363 = -41,500 i 1500 cal Mn + Si - h.lnSi ?F°1363= -10,000 i 500 cnl Mn + 2 Si = MnSiz ?F°1363= -11,500 ± 500 cal In the search for a method suitable for the study of thermodynamic properties of certain alloy systems, it was found that the heterogeneous equilibrium between the alloy and a gas mixture consisting of hydrogen chloride, hydrogen, and volatile metal chlorides has considerable advantages. In addition to giving thermodynamic information about the alloys, such measurements may be used to derive thermodynamic data for the volatile metal chloride itself. The present paper gives some results which were obtained for manganese silicides and manganous chloride. Similar studies are presently being carried out for the iron silicides. The phase diagram of the Mn-Si system is rather well known,&apos; but no information exists to the authors&apos; knowledge about the thermodynamic properties of manganese silicides or about the chemical activities in molten Mn-Si alloys. At elevated temperature, manganese may react with hydrogen chloride according to the equation: Mn(s, ß ) + 2 HC1 = MnC1, (g ) + H2 [ 1] with the equilibrium constant The value of K, may be determined from measurements of the gas composition in equilibrium with pure manganese. When this value is used in connection with measurements on manganese alloys, the chemical activity of manganese in the alloy may be derived. Initial calculations showed that around 1000" to 1200°C the equilibrium constant K1 has a value of a few thousand, i.e., the reaction is shifted far to the right. In order to study this rather unbalanced gas composition, a flow method was used in two slightly different modifications. For all experiments with manganese silicides and for some experiments with pure manganese the apparatus shown on Fig. 1 was used. A bed of the metal or alloy was placed in a tube furnace. The refractory tube had an internal diameter of 14 mm and the bed was 75 mm long. Electrolytic manganese of high purity and silicon, 99.95 pct Si, were used as raw materials. All alloys were prepared by melting weighed amounts of the elements in a high frequency induction furnace in argon atmosphere. The melting was done in a silica crucible which was placed inside a graphite shell. The alloys were crushed to - 10 +40 mesh and analyzed chemically. Also, for the pure elements, the same size fraction was used. A controlled gas mixture of purified hydrogen and from 3 to 12 pct HC1 was passed through the bed where it reacted with manganese according to Eq. [I]. The volatile manganese chloride was collected in a condenser placed in the cooler part of the furnace tube. The gas mixture before and after the furnace was sampled and analyzed by absorption of

Jan 1, 1962

By Alfred Siegel

Mineral pigments give color, opacity, or body to paint, stucco, plaster, mortar, cement, linoleum, rubber, and similar materials. They must be finely divided, substantially insoluble, and generally inert for such uses. Inorganic pigments may be grouped somewhat arbitrarily as follows: A. Natural mineral pigments dug from the earth. 1. Those consisting mostly of iron oxides, such as hematite and limonite. 2. Those containing large amounts of clay or noncoloring matter, such as ocher, sienna, umber, and colored shales. 3. Those whose color is not due to iron oxide, such as Vandyke brown (including sap brown, an alkali extract of Vandyke brown), graphite, and terre verte. B. Synthetic pigments. 1. Those containing iron oxide as the essential coloring matter, such as "pure" reds, yellows, and blacks, and Venetian reds. 2. Those not containing iron oxide, but rather such compounds as lithopone, zinc white, titanium white, ultramarine, Prussian blue, and the like. Only groups A and B-1 are discussed here. All the pigments in those two categories, except Vandyke brown, sap brown, and some of the carbonaceous slates, contain, as their essential color constituents, one or more compounds of iron; namely, an oxide-limonite (2Fe2O3.H2O to Fe2O3.4H20), hematite (Fe2O3), or magnetite (Fe2O3.FeO). Man&apos;s first permanent coloring materials were earth pigments-the ochers, iron oxides, and various iron-stained clays. The caves occupied by prehistoric man and the arts of the ancient Chaldean, Egyptian, and Cretan civilizations bear mute witness to this and also testify to the beauty and permanence of earth colors. As the Roman era developed, earth pigments were pushed from their pre-eminent position by white lead and red lead and in the Middle Ages by zinc oxide. Today, of course, the number of acceptable pigments is very large and on a value basis the group of natural and synthetic earth pigments stands forth with $16,000,000 per year; it is surpassed by titanium, lead and zinc pigments. Of this sum,21 natural pigments supplied 31 pct of the tonnage and 16 pct of the value of the total finished pigment in 1957, the remainder representing the tonnage and value of sales of the synthetic iron oxide colors. The average value of finished natural pigments in 1958 was $80.62 per ton. The average value of manufactured pigments in the same year was $202 per ton. Of the 60,000 tons of manufactured colored pigments sold in 1958, the reds comprised 76 pct of the market and the yellows 20 pct. The reds furnished 68 pct of the value and the yellows 24 pct. Of the finished iron oxide pigments (natural and manufactured) sold in 1958, the reds dominated the market with 66 pct of the quantity and 63 pct of the value; yellows supplied 17 pct of the quantity and 20 pct of the value, and browns furnished 11 pct of the quantity and 10 pct of the value. The average value of the reds was approximately $152, and the average value of the yellows $190 per ton. The highest valued pigment in 1958, with almost 12 pct of the total tonnage and 21 pct of the value of the iron oxide pigment market, was manufactured red from calcined copperas valued at $286 per ton.

Jan 1, 1960

By R. G. Paterson

THE usual procedure in determining the magnetic susceptibilities of rocks and formations has been to take samples in the field and measure their volume susceptibilities in the laboratory, using one of numerous methods available. In none of these methods is the measuring instrument suited for field use. Usually the sample is pulverized; sometimes it is machined to a desired size and shape, and in one method&apos; a cast of the sample is made and the susceptibility of the rock compared with that of a material of known susceptibility of the same size and shape, made from the cast of the original sample. Some writers assert that the difference in susceptibility of a rock sample in powdered and solid forms is negligible, and while doubtless this is true in many cases there are others in which the difference becomes appreciable. Further, the susceptibility of a small specimen may differ from that of the rock from which it is taken, owing to the stresses produced by the hammering or other forces used to obtain the sample and shape it for testing. Wilson2 found that an individual specimen of granite had about the same susceptibility in the solid as in the powdered form, but that pieces from different parts of the rock varied as much as 750 per cent because of unequal distribution of magnetite. The most accurate value of susceptibility would, obviously, be obtained from averaging a number of tests on the undisturbed rock instead of from one or two samples. No such procedures have been published, to the writer&apos;s knowledge. It is the purpose of this paper to describe a method by which susceptibilities of rocks may be determined in place by means of a portable instrument. METHOD The principle involved in this new method is that there is a change in inductance of a coil due to the presence in its magnetic field of a paramagnetic or diamagnetic medium. In this case, however, the windings of the coil do not enclose any part of the rock under test. Instead, the coil is circular, being small in cross section as compared to its radius, and consists of several hundred turns of fine wire. It is placed flat on the rock of which the susceptibility is to be measured. Thus only part of the magnetic field from the coil penetrates the rock under test. The relation between the change in field strength or inductance of the coil and the susceptibility of the medium will be developed later. To measure the change in the inductance of the coil due to the presence of a magnetic material an alternating-current inductance bridge was chosen. DESCRIPTION OF APPARATUS Of many alternating-current bridge methods applicable,3 the one shown in Fig. I (Owen&apos;s bridge&apos;) was adopted for its simplicity and sensitivity. In Fig. I, the test coil is indicated by P1L1. It is connected to the bridge by about

Jan 1, 1941

INTRODUCTION Besides the European export credit agencies covered in Ted Rides&apos; paper in this Chapter, other agencies are also active (see Appendix) but the most notable for mining projects are The Export-Import Bank of the United States ("US Exim") and the Export Development Corporation ("EDC") of Canada. Mexico&apos;s Fomex is basically a short-term trade-finance fund administered by the Central Bank. US Exim This independent agency can provide loans, guarantees, and insurance. Like all export-credit agencies, its mandate is to support the export of goods and services from the US as a means of competing against other countries&apos; products. If a piece of mining equipment can only he made in the US, the US Exim may very well not provide any financial assistance. (It is important not to place the order for any item for which export credit is sought because, once ordered, the situation is no longer competitive in US Exim&apos;s eyes.) Direct Credits and financial guarantees ("buyer credits") are commonly in amounts greater than 85 million and for terms longer than six years. An example here is the $48.5 million provided to PT International Nickel Indonesia (see Robert de Gavre&apos;s paper in Chapter 12). US Exim usually requires a 15% downpayment and, therefore, finances up to 857 of the goods; less if the US content is lower. The dollar funding can he US prime, London Interbank Offered Rate (LIBOR), or other sources. Exim can fund in either or both of the following ways: 1. Under a US bank Letter of Credit ("L/C") 2. Reimbursement to the buyer/borrower via a US bank account. US Exim will, without charge, issue a preliminary commitment. It will, however, need to approve the various credit agreements and prefers to tie other parallel financings into one loan agreement. US Exim&apos;s total commitments are large, up to $5R billion in aggregate under various programs. US Exim has been the world&apos;s leader in medium-to long-term minerals project financings/ co-financings but suffers from (i) aggressive foreign export-credit competition whereby other nations mix in soft-loans or aid programs ("mixed credits") to increase the percentage financed and lower the interest margin and (ii) an imbalance in its own cost of funds. A common US Exim package would be as follows: 15% Banks under US Exim guarantee, floating rate over prime or LIBOR. 35% US Exim funding, fixed rate 35% Pefco funding, fixed rate 857 Drawn down pro-rata under US bank L/C 15% Cash down payment (may have been financed within a project/corporate credit) 100% Repayment usually begins six months after planned start-up in equal semi-annual instalments, with the banks usually paid out first, Pefco next, and US Exim last. Medium-term credits ("supplier credits") are issued for US equipment exports for terms up to five years, again for 85% of the equipment costs although the exporter is expected to bear at least 10% out of that 857 for its own risk. The buyer is required to be a first-class credit such as some governments or highly credit-worthy companies. Otherwise a bank L/C would be required. (This may be wrapped into an overall project-finance package for a minerals development. The project-finance banks provide an L/C to US Exim instead of funding that portion themselves.) US Exim guarantees 100% of the political risk and either 85% or 95% of the commercial risk for

Jan 1, 1985