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By Morris Muskat

The detailed analogy between flow systems in porous media and the corresponding poten-tiometric model systems is developed under conditions where it may be desirable to take into account variable pay thickness, variable porosity, and permeability, and also the dependence of the fluid density on pressure. It is shown that in such models it is only necessary that the electrolyte thickness be made everywhere proportional to the millidarcy-feet of the formation. In contrast to the iso-vol type model, previously suggested as a basis for the analogy, the porosity does not enter directly in the construction of the model. It is introduced only in translating the electrical voltage gradient measurements into the equivalent fluid travel times. A discussion of this procedure is given. I NTRODUCTION It is now some 50 years since it was pointed out' that on the basis of Darcy's law Laplace's equation must govern the steady state flow of homogeneous fluids through porous media. It is 16 years since the obvious implication of this fact, namely, that such steady state homogeneous flow systems in porous media could be simulated by electrical analogies, was first applied2 to problems of practical interest with respect to oil production. In these initial studies major emphasis was placed on the use of electrolytic models, made of blotting paper, to give a direct and graphic history of the fluid particle motion in regular and infinite well networks. However, it was also noted there that the basic requirement of the model was that it give a potential distribution similar to the pressure distribution in the flow system, and that from the electrical measurement of the potential distribution the fluid particle motion could be graphically or numerically determined. This was demonstrated by application to the five-spot infinite network, for which a conducting metallic sheet was used to establish the equipotential contours. As anticipated, the fluid particle motion computed from these contours agreed well with that given directly by the blotting paper model. For irregular well distributions it was found more convenient to use electrolytic bath analogs rather than metallic sheets. Several investigations,3'4 as applied specifically to cycling well patterns, have been reported with these models, which have become known as "potentiometric models." However, the extremely laborious nature of both the electrical measurements by direct probing and the associated interprctive computations retarded the widespread use of these procedures. The electrical measurements can be accelerated by using a four-probe electrodc,5,6 which provides a means for simultaneously determining the streamline paths along which the fluid particles must move and the voltage gradients along these paths which are proportional to the fluid velocitics. With the increasing frequency of discovery of condensate pools, as drilling depths are becoming greater, the applicability of the potentiometric model to production problems, and especially to the study of well patterns for cycling, has been given a fresh impetus. Although the formal theory for determining the motion of fluid particles in porous

Jan 1, 1949

By F. G. Tryon, F. E. Berquist

Our task is to make a prospecting trip over the whole field of mineral economics which other lectures of this series will explore in detail. The old timers who really understand mining warn us that its economic aspects are often neglected, and this we find to be true. We shall try to show that mineral economics deserves recognition as a separate branch of economic science with urgent and distinctive problems of its own; that to cultivate it requires a fusing of the viewpoint of economics with that of geology and engineering; and that the help of both economists and technical men is needed in exploring its problems and in training workers in the field. To save time, we shall pass over the familiar subjects of production, consumption, and distribution which bulk as large in the market analysis of the minerals as they do in other commodities. The existence of these problems may be taken for granted and attention centered rather upon those that differentiate mining from other branches of industry. What then is the case for an economics of minerals? Why set up a new compartment in a branch of knowledge that is already well subdivided? Do not the established principles of economic theory apply here as elsewhere? In pleading for recognition of mineral economics one often finds that

Jan 1, 1932

By Cyril Stanley Smith

For many years sulphur and its congeners selenium and tellurium have been regarded as very harmful elements in copper and copper-rich alloys. Like many similar prejudices, this has been found to be partly wrong. All three of these elements actually have no great effect on the working properties of copper and its alloys, and are desirable additions in that they considerably enhance the machinability of alloys in which they are present. Because of their possible commercial importance, a study of the machinability and other properties of the pure binary alloys was made, as described in this paper, and the effect of selenium on a large number of copper alloys was determined. The current opinion regarding the deleterious effects of elements in this group undoubtedly arose because of occasional failures of tough-pitch copper containing unusually high tellurium, and because of the well-known fact that sulphur causes spewing and unsoundness in tough-pitch copper. Siebe,1 also Deretchey and Margolina,2 studied the effect of sulphur on copper and showed that in the absence of oxygen it was present in the form of copper sulphide, which was less harmful to the properties than an equivalent amount of copper oxide. No data have been published on selenium and tellurium, although the statement is often made, following Eggleston,3 that tellurium makes copper hot-short. Copper specifications call for only traces of these elements. Skowronski and Mosher4 give data on the effect of selenium and tellurium on the conductivity of tough-pitch copper. In private communication Mr. Skowronski says that the samples were hot-forged from small castings and drawn to 0.081 in. diameter, but it should not be inferred from this that these elements are harmless to the working properties of wirebars and commercial shapes. Constitution and Microstructure Constitution.—Sulphur, selenium and tellurium exist in their alloys with copper in the form of copper sulphide, selenide or telluride. These compounds are practically insoluble in the solid state and possess limited

Jan 1, 1938

By S. Weinig, E. S. Machlin

THE mechanism of the martensitic transformation has been the subject of a remarkable number of papers in recent years.' Because the task of evaluating all the available theories is a formidable one, the authors will confine themselves merely to the presentation of results of an experimental investigation of the habit orientation, lattice relations, magnitude and direction of average transformation shear strain, and orientation of subband markings for a single variant of the possible habit systems in an 11 pct Mo-Ti alloy. It is hoped that these data will assist in the establishment of a rigorous theory for the mechanism of the martensitic transformation. Experimental Procedure Specimen Preparation: A sample, approximately 1/2 x 1/4 x 1/4 in., was cut from a double arc-melted ingot composed of commercial-process A titanium and high purity molybdenum (nominally, 11 pct Mo). It was capsuled in evacuated Vycor at 10.-3 mm Hg subsequent to a double argon wash and homogenized for 48 hr at 1100°C. After a direct quench into H2O at room temperature, a large-grained specimen resulted, which, by X-ray diffraction and metallographic means, was subsequently shown to be in the body-centered-cubic phase, ß. Two adjacent, approximately perpendicular faces were polished and the ends of the specimen were ground parallel in a V-block. Fiducial lines were inscribed at 45" to the common edge of the polished surfaces in order that they would be perpendicular to the habit traces of the subsequently formed a plates.2 The specimen was then compressed between the ground ends in a Buehler press to stress induce the transformation ß to a'. Experimental Measurements: The habit-plane orientation, the orientation of subband markings, the orientation relation between the parent ß and the product a', and the transformation strain for the same plate were determined. To further establish the nature of the subbands, one surface was repol-ished and etched. The bands in the a' were still visible and were found to be optically anisotropic under polarized light. Back-reflection Laue patterns were obtained from the ß matrix and from a region comprising both a' plates and adjacent ß matrix (a Cu target was used). By superposition of the two X-ray diffraction patterns, it was possible to obtain a tentative orientation relationship between the two phases. This result was confirmed by a pattern taken after the specimen was rotated to make the basal-plane pole of the hexagonal a' phase strike the film. This necessitated cutting the specimen to expose the a' plate in the new position relative to the X-ray beam. Analysis of Experimental Measurements On the basis of the aforementioned X-ray patterns, the orientation between parent and product

Jan 1, 1955

Executive Joseph L Gillson, Chairman, J W Woomer, Vice-Chatrman, John S Bell, Walter R Hibbard, Jr. R R McNaughton Finance John P Hammond, Chairman, James C Gray, J S Smart, Jr Investments Gall F Moulton, '63, Chairman, Andrew Fletcher, '62, John M Lovejoy, '61, George I Brigden, ex off as AIME Treasurer, John P Hammond, ex off as Chairman, AIME Finance Committee Award Committees Grouped together at end of list Cooperation with the Canadian Institute of Mining and Metallurgy and the Mining Society of Nova Scotia R R McNaughton, Chairman, C Gerow, Sherwin Kelly

Jan 1, 1960

(Members are urged to send in for this column any notes of interest concerning themselves or their fellow-members.) Members and guests who registered at Institute headquarters during the period Aug. 10 to Sept. 10, 1914: William Huff Wagner, Milford, Del.. Stanley C.- Herold, San Jose, Cal. Charles W. Hamilton, Tampico, Mexico R. J. Grant, Denver, Colo. A. M. Van Rensselaer, New London, Conn. John Lloyd, Wilkes-Barre, Pa. . Henry C. Carr, New York, N. Y. D. M. Riordan has been appointed to act as special adviser to the Secretary of the Treasury and has sailed on the U. S. S. "Tennessee" for Europe, where he will assist in aiding Americans in returning to the United States.

Jan 10, 1914

A rotary chambered blasthole technique has initially indicated a 30% overall improvement in drill and blast department productivity. The method, developed at several open pit copper mines in Arizona, centers around a chambering tool that can be used with existing high-speed rotary drills. The "Chamber Maker," manufactured by the Servco Div. of Smith International, Inc., produces an enlarged section or chamber near the bottom of a large diameter blasthole (Fig. 1). This enlarged cavity permits a greater concentration of explosives at the bottom of the blasthole, resulting in better fragmentation and reduced hard toe problems, and also lowers the number of blastholes required to break a bench area, says Servco's Gerald W. Laswell. Cost savings can therefore be achieved in reduced secondary blasting requirements, increased shovel efficiency, and subsequently, less shovel maintenance. All these factors would serve to lower the overall mine cost per ton figure

Jan 3, 1975

By Charles O. Thomson

When a wire rod of iron or of steel is immersed in a hot solution of common salt, allowed to remain long enough to bring the metal to the temperature of the brine, and withdrawn, the surface of the rod is irregularly covered with a deposit of crystals of salt. These crystals adhere to the cod with great firmnes, in consequence, doubtless, of a thin film of ferric hydrate, which is formed between them and the rod as the water dries off. The rod can now be reduced, by successive passes through a dic or draw-plate, without any

Jan 1, 1881

By C. A. Stetefeldt

Metallurgical processes cannot be conducted successfully With out the aid of analytical chemistry. The great perfection of Iead smelting in the West, for instance, has only been accomplished by the analysis of ores, fluxes, slags and all products of the furnace. Ores are mixed and fluxed to obtain a slag of desired composition. Account is even taken of the composition of the ashes obtained from the coke. The " muscular " smelter has left the field forever! This state of affairs has been induced by sharp competition, i.e., by a com plete separation of the industries of mining and reducing ores, not by the liberality and wisdom of directors and stockholders to pro vide laboratories and engage chemists, or by their love for scientific investigation. It would be considered absurd, at present, to run a lead-smelter, a blast-furnace for pig-iron, or a Bessemer plant without the assist ance of a well-equipped laboratory and a chemist; but it is con sidered quite sufficient to provide amalgamation- or lixiviation works merely with a crude assay-office, and an assayer who is paid less than a laborer in the mill. In my opinion, this will change in the near future. By the ex clusion of Mexican lead-ores, and their growiring scarcity in the West, smelters have been forced to raise their charges on so-called dry silver-ores, and cannot handle the latter now in such unlimited quantities as formerly. The inevitable result must be that the sur plus of these dry silver-ores, especially those of low grade, will be reduced by processes cheaper than smelbing; and here the introduc tion of lixiviation has an excellent field, provided the muscular lixiviator has an able chemist for an assistant. It is to be regretted that so little analytical work has been done in lixiviation. We know almost nothing of the composition of roasted ores before and after lixiviation; of the constitution of the first wash water and of lixiviation-solutions after prolonged use; of the chemistry of sodium and calcium sulphides; of the col-hposition

Jan 1, 1892

By J. D. Verhoeven

The effectiue distriblltion coefficient has been Measured in a series of vertical, normal freezing experirtzents with large current densities passing through the solid-liquid interface. The results indicate that the effect of the current on solute redistribution is due to electvotransport in the liquid. The high currents produced extensive mixing in the liquid which was considerably reduced by solidifying in small lubing. Analysis of the convection indicates that it probably vesulls from a horizontal temperature gradient produced by the Joule heating- of the electvic crirver~t. Due to the strong dependence of this convection upon the specimen radius, it is conclnded that only for specit~ens with radii of less than somewhere between 1 and 2 mm wilt electric field freezing be getlerally effec-tire at enhancing the purification of zone-melting experittierats in loe-melting alloys. Experiments on 0.8-mm lubes illustrate some interesting potential applications of this techniqne as a means of solute control on smcrll specimens. In a number of papers published within the last few years'-4 it has been found that passage of large dc currents through the solid-liquid interface of a freezing alloy produces a change in the solute redistribution accompanying the solidification. It had been predicted theoretically by Hucke et al.s and by Pfann and Wagner that such an effect would occur as the result of electrotransport within the liquid boundary layer at the solid-liquid interface. These authors independently derived the following relation between the effective distribution coefficient and the variables of the process: Where k0 is the equilibrium distribution coefficient, V is the mobility of the solute relative to the solvent, E is the electric field intensity, D is the solute diffusion coefficient, R is the rate of interface motion, and 6 is the boundary layer thickness. Both groups of authors show that this equation predicts the possibility of extending the purification ability of zone-melting experiments by the addition of an electric current. However, there are other effects in addition to electro-transport which could be produced by the high dc current and might, perhaps, invalidate the applicability of Eq. [I]. For example, high electric current might affect the interface reaction or perhaps the equilibrium distribution which was assumed to exist at the interface. It was the purpose of this work to determine the applicability of Eq. [I] by systematically investigating a simple system for which all of the necessary parameters were known. It was of particular interest for speculating on the potential usefulness of this technique to determine the maximum practical field intensities obtainable, and the effect of these high fields upon convective mixing in the liquid. The initial work in this study was published in a previous paper3 which will be referred to as I. In that work, a current density of 2000 amps per sq cm was used with specimen diameters of 5 mm. The results gave a qualitative confirmation of Eq. [I.], and also showed that a large amount of convective mixing was produced in the liquid by the current. The present study is an extension of that work to smaller specimen diameters and higher current densities. Two points were overlooked in I and will be emphasized here: a) the value of ko has not been well-established in the Sn-Bi system and b) the observed convection could be due to thermal convection produced from the Joule heating. EVALUATION OF k0 To evaluate Eq. [ I.] it is necessary to know the value of the equilibrium distribution coefficient, k,. Tn I the value of k, was taken as 0.3 from a published phase diagram.7 According to ansen' the best data on the phase boundaries of the Sn-Bi system are those of Davidson.5 The data of Davidson give a k, value ranging from 0.21 to 0.25 for the compositions studied in this work, or an average value of around 0.23. In a recent publication, Rigaud and Tougas'10 determined ko by means of a solidification technique. For an alloy of approximately the same composition as that used in this work they obtained a ko value of 0.39. Hence, there is considerable uncertainty in the value of ko and, consequently, a series of experiments were made to determine k, more accurately.

Jan 1, 1968

By C. D. King

The advances in basic open-hearth practice which have occurred during the past decade have been principally in the direction of the physical development of larger units, decreased fuel consumption and increased length of furnace campaigns. However gratifying the economies which have resulted from these improvements are, it must be granted that like advances in chemical, physical-chemical and metallurgical knowledge pertaining to open-hearth practice would have added greatly to these already attained reductions in costs and it is the purpose of this paper to stimulate the discussion and study of these phases of cooperation and their relation to ingot yields. Definition and Calculation oF Losses In discussing basic open-hearth yields, the writer refers to the ingot yields obtained in the process of converting pig iron, scrap and ore to steel. In this conversion some scrap is produced. The difference between the total weight of ingots and scrap produced and the original metallic charge constitutes the loss. Basic open-hearth yields vary considerably, and while some of the divergencies can be explained metal-lurgically because of differences in slag analysis, proportion of pig charges, and character of steel made, there often remain differences that apparently do not readily disclose themselves. In reconciling yields by the usual accepted methods of calculation, one is often forced to evaluate large losses as ((unaccounted for." Such a system is prone to accept these large losses as inherent to the operat.ion and not, susceptible of appraisement and correction. It is obvious that if the ingot yield plus the scrap recovered subtracted from 100 per cent. determines the loss, a drop in yield may increase the loss or the scrap, and both contribute to a monetary loss. To be sure, one can subdivide these unaccounted for losses into various components, such as metallics in slag, free Fe in slag, spillage, etc., and thereby reduce the amount of losses considered as "unaccounted for." If empirical methods could indicate with some degree of accuracy all losses, however slight, the undetermined losses become appreciably smaller and resultant calculations will check actual

Jan 1, 1929

By W. O. Philbrook

An engineering analysis indicates that the coke rate in present blast-furnace practice is set not by chemical or thermal needs but to give adequate charge permeability for economical driving rates. An equation showing interrelations among pressure drop, gas flow, and charge characteristics has been derived. Flooding conditions and the location of the fusion zone are discussed. Maximum ore size is probably limited by chemical re-ducibility rather than by heat transfer. THE intention of this paper is to show that the ].imitations on the production rate and coke requirement of the iron blast furnace are not primarily chemical or thermal in nature but are related to characteristics of the burden and operation that govern gas flow, heat transfer, and stock movement. A semiquantitative analysis will be developed in terms of standard engineering principles to give a useful picture of the relative importance of physical and mechanical factors in contrast with the chemical features of the process that are more commonly emphasized. Most of the details of calculation have been omitted in the interest of brevity and to avoid submerging the rnain points in a sea of arithmetic. Numerical values have been arrived at by objective methods from reported operating data or by reasonable estimates of material properties where exact data are lacking and then tested to see how well they fit practice, rather than by working backward to find what assumptions are needed to give the desired answers. The analysis is oversimplified in many ways because exact engineering relations have not yet been studied for bed distributions as complex as are known to exist in the blast-furnace stock column. One objective of this paper is to show that the blast furnace, in spite of its complexity, can be at- tacked by engineering methods in the hope that this viewpoint will stimulate the kind of research needed for a more exact treatment. The basic ideas and many of the conclusions presented are qualitatively well known. A careful literature survey to credit the source of all observations not original to the author would indeed be voluminous, and such has not been attempted. T. L. Joseph's Howe Memorial Lecture' gives an excellent background of what is known about the internal workings of a blast furnace. Other important reference works or sources of specific information will be noted. It is hoped that the present paper will contribute something new, in method of attack and interpretation, that will aid in a clearer understanding of how to operate the blast furnace to best advantage. Factors Limiting Production and Coke Rates The rate of combustion of coke in a blast furnace, as in any fuel bed, is exactly proportional to the rate at which air is supplied. It is axiomatic, then, that the production rate of a furnace is limited by the rate at which it will take wind, i.e., burn coke, and the amount of coke that must be burned at the tuyeres to make a ton of iron of suitable composition. These two possible limiting factors will be considered briefly in the order mentioned. One common restriction on wind rate is flue-dust production. Since the volume of top gas is nearly proportional to the blast volume (by a factor of about 1.35 on a dry basis), an increased wind rate causes a correspondingly increased linear velocity of top gas in the throat of the furnace. The higher

Jan 1, 1955

By John T. Popp, Jodi A. Rulli, Anthony T. Iannacchione

Anomalous geological features in the coal and surrounding strata of a mine in northern West Virginia have fractured and deformed an inherently weak roof rock prior to mining. Horizontal stresses, as much as six times greater than overburden related horizontal stresses, have induced cutter roof failure. This failure was distinguishable from rock deformation associated with geological anomalies because it was induced by mining. The characterization of these features has allowed for the prediction of zones of unstable roof rock and the determination of failure trends on gateroad stability. Geological anomalies included clastic dikes and a narrow zone of sandstone roof. Clastic dikes, representing intrusions of shale and claystone, were invariably accompanied by local roof rock instability, and often formed the boundaries of roof falls. Shale was the dominant roof lithology except where a small sandstone occurred in the northwest portion of the longwall mining area. The sandstone occurs in two phases: a sandstone-filled channel, 5-m- thick and 60-m-wide, which eroded and replaced the shale roof and the upper part of the coalbed; and a sheet sandstone unit which was crossbedded to interbedded with the underlying shale. Horizontal stresses are naturally relieved through the initiation of cutter roof failure. This failure may extend from a few meters to several tens of meters horizontally, and from a few centimeters to several meters vertically. Orientations of entries and crosscuts has a greater influence on the direction and total length of cutter roof failure at the rib-roof intersection than does the principal directions of the in situ horizontal stresses. Seventy-four percent of the cutter roof failures occurred along the rib-roof intersection. Orientations of cutter roof failure away from the rib- roof intersection were clustered in the north-south direction and may have been influenced by the horizontal stress field.

Jan 1, 1984

By F. A. Jerabek, H. L. Hartman

This study presents results of investigations in a small model of segregation in discharged fill slurry, the quantity of solids escaping in the drain liquid, and the relationship of solids to slurry concentration and discharge rate. Compressibilities of fine fill material, in dry and wet states and individual size fractions, are compared. Two terms are frequently used in describing the hydraulic placement of fill material underground: hydraulic stowing is mostly associated with the underground flushing of coarse-sized fill material, such as coal washery refuse; while hydraulic backfilling refers to placement of small-sized fill material, e.g., sand or classified mill tailings, mainly in metal mines. Characteristically, in backfilling, only a few hours may elapse between the time the material is hoisted as ore and redeposited as fill underground. Hydraulic filling was first used about 100 years ago to control subsidence in coal mines. It was subsequently adopted in many mining operations all over the world, but its basic concepts have never been adequately studied and analyzed. This is not surprising, when one considers the number of variables involved in the hydraulic backfilling operation. Recently, much work has been done on the problems of transportation of slurries in pipes. Comparatively less research work has been done concerning the physical properties of fill material (compressibility, cementation, permeability, etc.). Very little work has been done on the problems of fill placing, distribution, and segregation of fill material discharged in the mine void. It is the purpose of this paper to explore two of the basic, lesser known aspects of filling: segregation and compressibility in discharged fill slurry. Difficulties in observing the behavior of hydraulic fill slurry during the pouring operation underground, and insufficient knowledge to conduct any kind of meaningful theoretical analysis, suggest experimental model studies. The tests described in the following sections were conducted in the Rock Mechanics Laboratory of the Department of Mining at Penn State.

Jan 1, 1965

By John Mathews

IT is a great honor to be asked by. the Board of Directors of this Institute to deliver the Henry Marion Howe lecture. The invitation carries with it a great responsibility, which I accept with considerable hesitation and with a feeling of unworthiness to perform the duties expected of me in this hour devoted to the memory of the life, character, and work of the late Professor Howe. Many of you recall the scholarly address delivered here a year ago by Prof. Albert Sauveur, and the beautiful tribute he paid-to his friend and colleague of many years in the great work of changing the art of iron making into the science of iron. My association with Professor Howe, was of brief duration-only one year-and the relation was that of pupil to teacher. My feeling toward him in later years was always that of a humble disciple at the feet of a master. He attained his third academic degree in the year that I was born. I recall the pride I felt when, after entering the, steel industry, I received from him, from time to time, letters asking for information or, perchance, asking my opinion, and he was always most punctilious in acknowledging the source of such bits of information in his writings. It was also my good fortune to sit at the feet of another great teacher-Sir William Roberts-Austen, at the Royal School of Mines. I mention him because his name was used by Osmond in coining the word "austenite," which is the subject of this address, and Osmond's suggestion was heartily approved by Howe. These three international metallurgists were the best of friends and delighted to honor the achievements of one another. There are other reasons for mentioning Roberts-Austen at this time. It was an introduction from Howe that opened to me the door of his -laboratory as well as of his heart. It was while at Roberts-Austen's laboratory that I .worked side by side with William Campbell

Jan 4, 1925

By Regis Chauvenet

I have been requested to sketch the iron resources of the State of Colorado, with reference both to existing, i.e., working mines, and to prospects more or less developed, but not contributing anything as yet to actual shipments. I should mention, though disliking apologies, that there is one region of the State which I believe to be important, and which has been assigned to me (with reference to its iron-deposits particularly) in the field-work of the present year for the School of Mines, which has not been systematically explored, and whose data are not in such shape as to enable me to give them in this paper. The region in question is Pitkin county and part of the adjoining country. Regarding the geological positions of the veins or deposits, they are sufficiently varied. In Boulder county there is a well-defined vein of titaniferous magnetite in ancient granite or gneiss, while in Park county there may be seen a deposit now under construction, as will later be described; when finished it will belong, let us say, to the post-quaternary. Between these, in Cambrian, Silurian, and Lower Carboniferous formations, are various deposits, and even the

Jan 1, 1890

FRIENDS of the late Charles F. Rand presented in 1930 a sum of money from which the income is available to support various phases of the work of the Institute in which Mr. Rand was so deeply interested. At present the fund amounts to $10,400. The specific terms of the deed of gift are as follows: "The fund collected to establish a memorial to the late Charles F. Rand shall be placed in the custody of the Board of Directors of the American Institute of Mining and Metallurgical Engineers, to be set up as a trust to be known as the `Charles F. Rand Foundation,' the income of which shall each year be applied to a distinct purpose to be decided upon in that year by vote of the Board of Directors. This purpose shall be such as to promote the general welfare of the Institute and to constitute a permanent memorial of the usefulness of Mr. Rand, who for many years gave unstintingly of his time and talents in its service. "It shall be within the discretion of the Board of Directors to establish a medal to be known as the Charles F. Rand Memorial Medal to be awarded at such a time and under such rules as may be determined by the Board of Directors, for Distinguished Achievement in Mining Administration." The establishment of this medal was announced at the annual meeting in February, 1932, the term "mining" being defined in its broad sense to include metallurgy and petroleum. Robert Linton is chairman of the Charles F. Rand Foundation Award Committee.

Jan 1, 1944

By R. P. Rothwell

AT this our first meeting I beg to call the attention of the members of our Institute to what is certainly a question of the greatest possible importance to the industries we represent; and more particularly to the welfare of the coal and iron trades: I refer to the enormous waste of coal in mining and in its preparation for market, as now practised in our anthracite coal-fields. I t is a fact which many of you can certify to, that we are wasting fully me-half of all the coal in the veins we are now working, and there are cases, which might be mentioned where this proportion, immense as it is, has been greatly exceeded. The popular belief that our deposits of anthracite coal are "practically inexhaustible," is very far from being founded on facts. On the contrary, supposing the present rate of increase in the production to be maintained, it is probable that a maximum yield for our coal-fields would be attained in about fifteen years ; there are in fact some of our smaller basins where the principal veins are nearly exhausted and the production has already attained its maximum. There are others, again, where the depth attained-and it must be borne in mind that we commenced working at the surface outcrop moderate though it is (scarcely ever reaching eight hundred feet), has so increased the cost of mining as to imperil the capital invested, and though it requires but little foresight to predict the time when the difficulties of mining will be very considerably increased by reason of the greater depth, greater quantity of water, fire-damp, and other fruitful sources of cost, yet, ignoring these recognized facts, we continue to waste more than one-half of the coal where it is obtained with the least danger, expense, and trouble, that is, near the surface-either above water-level or at a moderate depth . below it. The inspection of almost any accurate mine map will satisfy you that, on an average, we leave fully one-third. of the coal in the ground as pillars to support the roof; in some places more than one-third thus remains, while it is very rare that less than one quarter is left. In almost every case this coal is absolutely lost, for it will very rarely pay to reopen gangways and lay roads to it after that portion of the mine has been abandoned. Is it necessary in all cases to support the roof, and where it is, may not some artificial

By Richard M. Foose

MOST of the roofing granules produced in Pennsylvania are made by two companies at three plants. The Advance Industrial Supply Co. has three quarries and a mill at Gladhill Station, in southern Adams County. The Funkhouser Company is actively engaged in mining, quarrying and milling at Charmian, about one mile west of Gladhill Station, and at Delta, in southern York County. These three plants produced approximately 100,000 short tons of granules in 1943. The production of roofing granules in 1937 for the whole country was only about 500,000 tons, generally indicating the large growth of the industry since that time. The fundamentals of producing roofing granules were discussed comprehensively by G. W. Josephson in a paper before the Industrial Minerals Division in October 1943 (Mining Technology, March 1944). The purpose of this paper is to describe the actual methods of mining the rock and milling it to make roofing granules, as practiced by the three Pennsylvania plants. MINING AND MILLING Funkhouser Company (Delta) The Funkhouser Company, near Delta, in southern York County, Pennsylvania, operates three joined quarries and a mine in the Peach Bottom slate. The joined quarries extend 1200 ft. in a northeast southwest direction along the strike of the slate cleavage and are about 200 ft. wide. The working face is about 45 ft. high. The quarrying operation is rather simple: Ingersoll-Rand Jackhamers, 1-in. and 1 1/4-in., with hollow drill steel, are used to undercut the quarry face with10-ft. holes. The face is "blown" and allowed to slump on the quarry floor. Loaded by a Marion electric shovel into trucks, the shattered rock is taken to the primary crusher 2500 ft. away. In addition to the normal quarrying operations, a drift into the northeast wall of the middle quarry was begun about 1935 and has advanced about 2000 ft. since then. Rooms have been driven at angles to the drift along choice beds of slate. The drifts and rooms have a roof more than 35 ft. high and the main drift and rooms are all more than 40 ft. wide. There is no cribbing at any place in the mine. Several of the rooms were driven upward on a 5º slope and in some of them there was stoping. Ingersoll-Rand Jackhamers are used, and only wet drilling is practiced. When visited in January 1940, an electric shovel was operating at the head of the drift, scooping up the slate blasted out of the working face. This, too, is trucked to the primary crusher. Some of the better quality slate is saved for making slate shingles. The primary crusher, which is a No. 30 McCulley gyratory, receives the slate from the trucks and crushes it to about 2-in. size (Fig. I). This product travels by a 30-in. belt conveyor to Niagara vibrating screens with 2-in. holes. The minus 2-in. product moves to a storage silo by bucket

Jan 1, 1945

By Thomas P. Bispham

INTRODUCTION From the lender's point of view, the greatest period of risk in a project financing occurs during the construction phase. Therefore, most projects are supported during this phase by completion guarantees supplied by some credit-worthy entity; for example, the project sponsors in the case of a joint venture, such as that of W.R. Grace, Hanna Mining, and Liberty Capital; or by a strong contract with a utility or foreign importer/investor, such as the way North American Coal Corporation has structured many of its transactions. THE PROJECT LOAN REQUEST A project financing is a more complex form of term loan than one using an ongoing corporation's balance sheet as a credit base and, therefore, a potential lender will subject the loan request to a more rigorous analysis. To support this effort, the financial institution will require a more detailed information memorandum to evaluate the credit and technical risks of a project - especially since much of the necessary information is not otherwise available. (See also Gibbs and Sroka paper above in this Chapter) A well-prepared information memorandum will impress prospective lenders with the planning ability and general competence of management. Also, the process of preparing the memorandum will help management understand the true extent of the opportunities and limitations of its venture. Appendix A outlines the topics which comprise a complete information memorandum for a loan request. Of some interest to those seeking to sell a currently-operating mining venture, a similar information memorandum should be prepared i.e., covering the same topics discussed here, for the investment banker to use with potential purchasers. For that purpose, though, one might not want to prepare quite as much detail as for a lender. Appendix B outlines the elements of a reserve evaluation and feasibility study, often called the "Bankable Document." Usually, these studies are prepared by independent engineering consultants for use by potential borrowers and sellers. (Potential purchasers will often contract for a similar study for their use in evaluating an acquisition.) ELEMENTS OF A LOAN INFORMATION MEMORANDUM 1. Outline: The information memorandum should begin with a one-page outline covering such topics as: a. The borrower's name, address, and phone number. b. Principal contact at the borrower. c. Amount of the proposed financing. d. Desired pricing and structure of the proposed financing. This should include a description of the amount and source of equity in the proposed financing. e. Use of the proceeds and timing. 2. Summary: The most important information contained in the memorandum should be summarized in two pages. Note - If the borrower is a recently-formed single-purpose company, then elements 3, 4, and 5 will apply to the guarantors of completion and to the project sponsors. 3. The Borrower: This section is a brief biography of the borrower including such topics as date and state of incorporation, founder(s), lines of business, etc. 4. Capitalization: The borrower's current debt and equity position, including leases and trade debt, with amounts, terms, names, and addresses enumerated. Equity owners, and percentage ownership, should be identified. 5. Historical Financial Statements: If available, a minimum of five year's worth of complete historical financial statements

Jan 1, 1985