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By J. Hall Carpenter

"Wet concentration has, in the history of ore dressing, been the primary treatment method following crushing, grinding and sizing, when these have been necessary. The evolution of new methods of gravity concentration has been comparatively slow.Today, the most significant and sophisticated of the new types of gravity concentrators is, no doubt, the cone concentrator developed by Ernst Reichert of Mineral Deposits Pty. Limited in Southport, Australia. These units have now had some years of use in the field, are becoming one of the standard tools of the industry and their metallurgical results, as outlined in this paper, are out-standing."

Jan 1, 1966

By Guocheng Pan

This paper presents-:a new multivariate mineral resource estimation model, referred to as the Related. Information (RI). Instead of relating a mineral resource descriptor directly to a set of geological variables, the RI model relates the mineral resource descriptor to a synthesized information measure RI, which is created from a set of geological variables. All of the variables are transformed into binary characteristics. This model comprises two stages of estimation: estimation of a synthesized information measure and estimation of mineral resources. The information carried by a variable is classified into three types: mineralized-barren information, mineral resource variation information, and variable-controlling information. The synthesized information measure is defined as the product of the three types of information and the responses of binary geologic characteristics. The RI model is demonstrated on the pegmatitic Nb+Ta deposits in China.

Jan 1, 1992

By Gungor Tuncer, Ali Kahriman, Abdulkadir Karadogan, Umit Ozer, Kagan Ozdemir

In the condition that drilling and blasting technique is inevitable depending on the rock mass and material characteristics on mining activities, the fragmentation rate and particle size distribution of the muckpile after blasting has important influences on the performance of subsequent mining activities such as loading, hauling, crushing, grinding etc. and the total costs of that mine. Drilling and blasting is an important step in this process chain and it's results such as fragmentation, muckpile shape and looseness, dilution, damage and rock softening effect the efficiency of downstream processes. There is an increasing body of blasting research indicating significant impacts in these downstream processes.

Jan 1, 2007

The Cowarra gold mine is at latitude 36°O'S. and longitude 149°19'E. which is roughly 20 miles north-north-east of Cooma.The deposit was· originally worked towards the end of the last century, but the presence of sulphides associated with the gold in the primary zone caused cessation of work when that zone was reached.GEOLOGY AND MINERALIZATIONThe principal country rocks are sandstones and shales of Silurian and Ordovician age, both very strongly folded with structural pitches ranging from a few degrees to almost vertical. The mine proper is within Silurian rocks and the main orebody (there are several minor parallel bodies) is developed within a shear striking approximately north, dipping approximately 70° east, and ranging in width from 2 ft to 15 ft but averaging about 4 ft.This shear is impregnated with quartz and sulphides with which the gold is associated. The predominant sulphide is pyrite though pyrrhotite is commonly present in quantity.Arsenopyrite and bornite are present in smaller amounts.Stillwell (1936, 1937a, 1937b, 1938, 1941) has published five mineragraphic reports on the ore.The various levels have been mapped in detail (Figs. 1-3) and the No. 2 level plan (Fig. 1) shows the general relationship of shearing, as now indicated by mineralization, and faulting. There is no apparent connection between the fold structures and mineralization.Fig. 3 is a longitudinal projection showing the distribution of gold expressed as inch-ounces. The estimation of...

Jan 1, 1965

By Paul Foote

MOST of the treatises on metallurgy intimate that simultaneously with the development by the atomic physicist of a really satisfactory theory of the atom will be inaugurated a new epoch in the science of metals. Metallurgically and metaphorically, we shall dwell in the Utopia of Sir Thomas More. It is my privilege this afternoon to demonstrate that this state has not arrived. An atom is a miniature planetary system consisting of a positively charged nuclear sun about which revolve electrons each carrying the negative charge e. The charge on the nucleus is + Ze where Z is the atomic number and the number of planetary electrons in a neutral atom is equal to Z. These electrons are arranged in several groups having different binding energies. Ordinary x-ray phenomena relate to processes occurring deep within the atom, usually with electrons in the so-called K or L shells. Such electrons in the heavier atoms are so closely bound to the nucleus that the forces exerted by neighboring atoms in a solid are relatively inappreciable. For most practical x-ray investigation, the atom may, be considered as in the gaseous phase completely isolated from its neighbors. The K radiation from an element in the gaseous state, in the solid or liquid phase, or even in combination with other elements in all its possible valences, is almost identical. ? Visual and ultraviolet spectroscopy is concerned with disturbances of the most loosely, bound outer or valence electrons of the atom, always in the vapor state. The remarkable progress of the last year in both theo-

Jan 2, 1926

By C. Lara-Valenzuela, R. Perez-Garibay, F. López-Saucedo, A. Uribe-Salas, L. Magallanes-Hernandez

A relationship between gas dispersion parameters, namely gas rate (Jg), gas holdup (Eg), average bubble size (db) and bubble surface area flux (Sb), with the metallurgical performance (e.g., grade and recovery) has been established.. Results of eleven columns operating at five concentrators of Grupo Pefioles (Mexico), ranging between 1.52 to 3.35 min diameter and performing in the cleaning stages of lead and zinc circuits, are presented and discussed. The results showed that the effect of gas dispersion parameters was consistent and that both, Sb and Eg, correlate well with recovery particularly when the influence of feed pulp density is also considered.

Jan 1, 2009

By Kotaro Ohga, Kiyoshi Higuchi, Zhang Xun Tao

In Japanese coal mines, drivage works of in-seam gate roads are mainly carried out by blasting methods. Changes of methane concentration in gate roads are recorded by centralized monitoring systems in general. To obtain useful information from the recorded data, authors analyzed changes of methane concentration for 3 hours after blastings. As a result, the changes of methane concentration with time can be divided into five distinct patterns. It is thought that appearance of the each pattern depends upon the geological conditions of the surrounding of the headings. Therefore, we attempted to confirm such observations by simulations using mathematical models.

Jan 1, 1989

By Reynold Q. Shotts

INTRODUCTION THE small domestic underfeed stoker as now designed is unusually sensitive to the coking and plastic properties of coals, and when the attempt is made to burn the high rank coking and caking coals of the Appalachian fields, serious trouble may occur. Part of the trouble may be caused by the ash content and clinkering characteristics of the particular coal in use, but more often it is the result of an excessive accumulation of coke in the form of "trees" or masses in the fuel bed. Often the zone of burning becomes so restricted that the fire goes out, and in extreme cases the fire may be lifted completely out of the fuel bed and away from the air ports. Even if the fire is preserved, excessive coking may cause response to subsequent heat demand to be slow and irregular. Coke trees seem to grow. most readily during periods of hold-fire operation, so that in order to preserve the fire in mild weather it is often necessary to set the timer for such a long operating period each hour that much unneeded and unwanted heat is developed, causing discomfort. During demand periods the fire may pick up so slowly that the intense burning which develops just before stoker cut-off causes a serious overshooting of the thermostat. Stoker coal performance tests which have been made in a number of laboratories 1, 2, 3, 4, 5 are one method of approach to the problem of selecting stoker coals. As yet these tests have not been standardized and they are expensive and time-consuming. The value of the results probably increases with the length of the test. Sherman and co-workers at Battelle Memorial Institute believe that even a one-week test is not too reliable a trial2 and it is quite likely that others will agree. A great advantage of such tests is that characteristics of coals, other than the tendency to form coke masses, may be evaluated from them. The selection of stoker coals would be greatly facilitated if there existed some simple measure of the tendency of a coal to form coke in a fuel bed. Although possessing all of the disadvantages of any small-scale laboratory test, the test for the free-swelling index of coal has been found useful for evaluating the probable effects of swelling properties upon combustion. 7 Ostborg, Limbacher and Sherman, have shown that the test can predict, roughly, the tendency of coke to accumulate in the fuel bed of a domestic stoker. They also gave instances of its value in predicting combustion behavior in some large installations. The use of the test for free-swelling index has become well established and has been adopted as a standard by the American Society for Testing Materials.8 When domestic stoker coal investigations began at the State Mine Experiment Station in the summer of 1944, it was decided

Jan 1, 1948

By J. W. Halley, G. L. Plimpton

BECAUSE of the two distinct stages in the solidification of rimmed steel, segregation in the rimmed ingot is more complex than that in the killed or semikilled ingot. In the earlier stage, chemical reactions, resulting in evolution of gas and vigorous stirring of the metal, effect a degree of negative segregation unique to rimmed steel. The composition of this zone constitutes the principal quality advantage of this type of steel. In the later stage of solidification, after the evolution of gas has ceased, the segregation follows the general pattern of a more completely deoxidized steel. However, the composition of the liquid remaining after the first solidification stage varies markedly from that of the original melt, some constituents having been partially removed as reaction products while the concentration of others has been intensified by rejection from the metal solidifying in the first zone. The aim, from the standpoint of segregation, in rimmed steel of high quality is to effect a maximum negative segregation in the rim zone without excessive concentration of undesirable elements at the center of the ingot. To achieve this aim, the composition of the melt may be varied and the furnace and pouring practice may be adjusted within certain limits. It is the purpose of this study to discuss segregation in rimmed steel from the standpoint of the mechanisms that produce it and to survey the phases of open-hearth practice that influence those mechanisms. MECHANISMS PRODUCING SEGREGATION The mechanisms that determine the degree of segregation in the rimmed ingot are closely interrelated, making it difficult to select the primary factors and to determine a satisfactory order for presenting them. For instance, the question of sulphur segregation is relatively simple, since sulphur is not directly involved in chemical reactions in the ingot; but its concentration in the rim zone is dependent not only on its original analysis in the melt, its segregation coefficient, and the freezing rate, but also on the rate of its removal from the impure film on the solidifying surface. This washing action involves all the factors (such as freezing rate, the carbon-oxygen product, pressure, etc.) that determine the rate of gas evolution and hence the efficiency of film removal. Sulphur distribution between the rim and core is affected by the volumetric ratio between the two zones, and its segregation in the core is a function not only of the freezing rate of the core but also of all the foregoing factors that determine its concentration in the metal when solidification of the core starts. To simplify the presentation, it is proposed to treat the mechanisms affecting segregation independently in this section, reserving a discussion of their over-all effects for the section in which actual segregation data are given. The factors affecting segregation will be treated in the following order: (I) differential solidification, (2) removal of constituents as

Jan 1, 1944

The area (330 sq. miles) shown on the map of the Brocks Creek District (Fig. 1), was mapped by the Northern Territory geological party of the Aerial, Geological and Geophysical Survey of Northern Australia. This work was done in two stages:-(i) In 1935, an area of 30 sq. miles around the Golden Dyke mine was mapped by P. S. Hossfeld, Senior Geologist, and A. H. Voisey, Assistant Geologist. The results were described in a detailed report (10).(ii) In 1939, an area of 300 sq. miles in the Brocks Creek district was mapped by C. J. Sullivan (Senior Assistant Geologist), and V. M. Cottle and S. N. Kiek (Assistant Geologists) under the general supervision of P. S. Hossfeld (Senior Geologist).An outline structural map, together with some geological notes was published (1), but that map does not show the amphibolites, and the relationship between ore occurrence and general geology is not emphasised. The publication of the detailed maps and reportwas postponed indefinitely as a result of war. The original mapping was based on air photographs with a scale of approximately 1 in. to 1,200 ft., and all detail which could be shown at that scale was mapped. Features recorded included rock types, details of structure, mineralisation, and surface workings, creeks and soil boundaries. Underground mapping was also carried out. The present map is much simplified from the original, but it is hoped that it shows sufficient information to reveal close relationship between structure, granite, sills of amphibolite and gold occurrence. About 50 per cent. of the area is covered by deep soil or alluvium, and in these portions the geology of the underlying rocks was not determined with accuracy, though in many places strike trends could be deduced from air photographs.Because the A.G. & G.S.N.A. had published the geological notes and map referred to above, and because the publication of the detailed report and maps is still postponed indefinitely, approval has been given by the Bureau of Mineral Resources, Geology and Geophysics (which took over the affairs of the A.G. & G.S.N.A. at the termination of its operations) to the preparation of the present paper so that information would be available to the public.The views expressed in this report are those of author. The results of the investigation suggest that in areas where granites are predominantly concordant with bedding, ore deposits may be found at approximately the same stratigraphic horizon. It is thus important to correlate beds even though their relationship may have been obscured by faulting and folding.

Jan 1, 1950

By John B. Miles

THE present period of depression in the iron industry, with the resultant close approximation of the cost of production to the selling-price of pig-iron, should make the discussion of this subject at this time not only interesting but, profitable. It is possible that it may result, in the collection of data, which when added to those set forth in this paper will clearly indicate the influence of the rate. of driving a blast-furnace upon its fuel-economy. The question is not whether an excessive rate of driving (meaning a rate definitely in excess of the average rate in the United States) results in, an increase in the fuel-consumption, but rather whether a rate considerably less than the average does not result in a marked decrease in the fuel-consumption. The commercial and metallurgical sides of. this problem must be kept separate. With a large margin between the cost of production and the selling-price of pig-iron, and a plant already in operation, it is frequently profitable to sacrifice a couple of hundred pounds of fuel per ton of pig-iron in order to secure the greater gross profits resulting from a larger tonnage. When this margin decreases with a plant in operation, or when the determination of the size of a new furnace intended for a certain production . confronts the management, a clear understanding of the effect of the rate of driving upon fuel-economy becomes necessary. If it be granted that slow driving leads to low fuel-consumption, it should he borne in mind in the design of a new plant for the production of a certain tonnage that the adoption of an economical rate of driving increases only the size of the furnace proper, whereas, due to the decrease in quantity of blast required on account of the decrease in fuel burned, the stoves, the blowing-engines, the boilers and the piping may be de-

Sep 1, 1908

By L. P. Teas

As sphalerite is such a common constituent of many types of ore, the present investigation was undertaken to determine what its relations are to the other minerals in the deposits, and also whether these are of any genetic significance. The data presented herewith were obtained from a mineralographic study of about 200 ore specimens from some 43 different localities, represented by suites of specimens in the Cornell University collection. These, grouped according to their genesis, were as follows: I. Contact-Metamorphic Deposits.-Silver City, N. M.; Kelly, N. M.; Silver Bell, Ariz.; Bingham, Utah; Agaguca, Michoacan, Mex.; Matehuala, Mex.; Sombreretti mine, Mex. II. Deep-Vein Zone Deposits.-Mineral, Louisa Co., Va.; Edwards, N. Y.; Chestnut Yard, Va.; Allah Cooper mine, Louisa Co., Va.; Globe, Ariz.; Moyie, B. C.; Rossland, B. C.; Broken Hill, N.S.W.; Weedon, Que.1 III. Intermediate-Vein Zone.-Park City, Utah; Leadville, Colo.; Butte, Mont.; Santa Barbara, Mex.; Red Cliff, Colo.; Burro Mountains, N. M.; Idaho Springs, Colo.; Blue River, Ore.; Rye, Colo.;1 Slocan district, B. C.; Freiberg, Ger.; Clausthal, Ger: IV. Shallow-Vein Zone.-Ouray, Colo.; Goldfield, Nev., Zacatecas, Mex.; Field, B. C.; Kapnik, Austria; Frontenac mine, Kingston, Ont. V. Meteoric Water Deposits.-Joplin, Mo.; Southwest, Wis.; Austinville, Va.; Crittenden County, Ky.; Ridgeburg, Pa.; Moresnet, Belgium. It is not supposed that the investigation of such a limited number of occurrences may warrant conclusive and universal generalizations, but the conclusions reached are believed to be reliable in so far as the specimens, that were examined are concerned.

Jan 11, 1917

THOMAS L. WATSON,* Charlottesville, Va. (written discussion ? ).¬Sphalerite, as is well known, occurs not only as a common constituent of many types of ore deposits formed under widely varying geologic conditions, but its sulphide mineral associates comprise a goodly number of species. In the investigation by Mr. Teas, data were obtained from a mineralographic study of about 200 ore specimens from 43 different localities grouped according to their genesis as follows: (1) Contact-metamorphic deposits, (2) deep-vein zone deposits, (3) intermediate-vein zone deposits, (4) shallow-vein zone deposits, (5) meteoric water deposits. .The object of the study was to determine the relations of sphalerite to the associated sulphide minerals and their possible genetic significance. As a result of the investigation, Mr. Teas has deduced several important conclusions. Probably the one of largest interest and value was that sphalerite formed from magmatic waters, including contact-metamorphic, deposits, could be distinguished, for the cases investigated at least, from sphalerite formed from meteoric waters, by development in the former of minute triangular or rectangular dots or stringers of chalcopyrite. Although chalcopyrite inclusions in sphalerite had been noted by previous observers, the probable significance of their apparent general occurrence in sphalerite of certain types of ore deposits and their absence from others was unknown. The large number of ore specimens studied from more than 40 different localities in the United States and foreign countries, representing the principal genetic types of sphalerite-bearing deposits, gives considerable weight to the conclusions reached by the author. Should the conclusion drawn by Mr. Teas become generally applicable, a laboratory criterion of much value will have been established for distinguishing between sphalerite formed from juvenile and that from meteoric waters. The principle seems applicable not only to sulphide deposits in which sphalerite is the principal constituent, but to those in which it occurs as a very subordinate one, as shown by the study of ore specimens from one of the principal pyrite mines in Virginia. It may be possible also that the principle will have important application in differentiating primary from secondary sphalerite occurring in the same deposit formed from magmatic waters, although there have-been comparatively few well-

Jan 4, 1918

By P. K. Lucke

ONE of the interesting features connected with the great continental uplift, which formed the table land of Mexico, is the great depth to which oxidation and secondary enrichment of orebOdies occurred. This table land lies at altitudes ranging from 4000 to. 7000 ft. (1219 to 2133 m.) above sea level. Several cases could be cited of oxidized zones in copper and lead mines which reached depths of upward of 1500 ft. (457 m.) below the surface, and it is universally admitted that the oxidized zone in a mine is limited by the permanent water level. FIG. 1. Mexico, however, like many other countries in which deserts occur, is visited at rare intervals by tremendous floods, which sometimes cause variable water levels over long periods. The following cases bear out the idea, and lead to interesting conclusions of commercial value. My paper demonstrates that carbonates of ores may occur below water level and sulphides above, and I will endeavor to explain the causes of the phenomena in certain specific instances.

Jan 6, 1918

By Stanislaus Skowronski

OVERPOLED copper, as commonly defined, is copper which has been excessively reduced during the poling period of the refining process. Owing to its porosity, such copper is unfit for commercial purposes. The cause of this phenomenon is undoubtedly the lack of oxides in the copper, yet this does not completely explain it. Refined copper of the same "pitch" and "set" varies considerably in oxygen contents, and analyses of overpoled bars also show similar wide differences; moreover, it is possible to melt copper in crucibles so as to obtain bars that are practically free from oxygen although they show a "tough pitch" and "level set" surface. Frederick Johnson advances the following theory: The regulation of the quantity of oxygen in copper is the keynote of all copper refining. It is the presence of a Well defined proportion of oxygen in the form of cuprous oxide, forming a copper-cuprous oxide eutectic, Which enables copper to be cast free from blowholes. It seems that When oxygen is present, other gases are less soluble in molten copper; When oxygen is absent, or is present in insufficient quantity, the copper dissolves other gases, such as hydrogen and carbon monoxide, Which are insoluble in the copper when solid, and, being rejected during the process of solidification, causes internal porosity and external ridges and excrescences.1 The "level set" of Wire bars, etc., is entirely the result of a compromise between the occluded gases and cuprous oxide. With excess of the former the metal would be "overpitch" and spongy, While an excess of the latter would result in the metal being "underpitch" and brittle.2 The result of the absorption and subsequent expulsion of reducing gases, carbon monoxide and hydrogen, and the effect of this action. on the overpoling of copper are in dispute; the literature on the subject is full of contradictory statements and will continue to be so until better analytical methods have been developed. Sulphur, however, is tangible. The refiner can see it in his button sample and consequently attributes to it any trouble that may happen during the melting of the copper.

Jan 3, 1918

F. JOHNSON,* Birmingham, England (written discussion t).--. Mr. Skowronski's first melting experiments tend to show that ingots with a "level set" may be obtained without oxygen. Now it is characteristic of all metals which occupy a smaller volume when solid than they do when molten to "pipe." In vertical-cast ingots, this pipe resembles a horn-shaped cavity, with the wide mouth uppermost. In horizontal-cast ingots, the pipe is a longitudinal furrow along the center-line of the ingot surface. If copper be successfully deoxidized and degasified, this furrow will inevitably be produced. In the author's oxygen-free ingots, it is. clear that gases were occluded and these gases effectively opposed the formation of a pipe or furrow by shrinkage (fluid contraction). It is riot a special property of any particular gas which produces this effect. Hence it is not surprising that the author has succeeded in producing level and overpoled ingots through the agency of sulphur. dioxide gas. That he has counteracted the overpoling influence of sulphur by means of oxygen is somewhat difficult to explain, since the well known reaction between cuprous sulphide and cuprous oxide should result in the production of sulphur dioxide gas. Why the presence of excess cuprous oxide should neutralize the overpoling influence of this gas without eliminating sulphur is not at all clear. It is to be regretted that the oxygen was not determined in the bars given in Tables 3 and 4. It is by no means established that sulphur is responsible for the over, poling of ingots given in Table 4, since carbon was used for overpoling. If, however, the same kind of poling treatment was given as that applied in the case of ingots in Table 1, the responsibility of sulphur assumes more definite shape. The author rightly points out that Mr. Johnson's theory of the equilibrium between gases and cuprous oxide does not explain why a simple addition of cuprous oxide does not correct an overpoled charge. Such a charge must be re-worked to "set" copper. This re-working (rabbling) undoubtedly forcibly removes the excess gases, which are not removable by cuprous oxide.

Jan 11, 1918

C. W. WASHBURNE; New York; N. Y. (communication to the Secretary *).-It has long been known that sulphur and oxygen react upon crude oils, removing hydrogen and thereby creating unsaturated hydrocarbons which unite with each other, producing heavier forms. Dr. Rogers now finds that the percentage of sulphur in the oils of several fields in California is roughly proportional to the specific gravity of the oil. This additional proof is most welcome. It is rather surprising, , in that the impression had prevailed that practically all the reacting sulphur escaped from the oil as hydrogen sulphide, and did not remain in combination with the oil. It would be interesting to know what part of the sulphur-plotted by Dr. Rogers is in solution as free sulphur and hydrogen sulphide, and what part is, in more complex compounds, such as thiophanes, etc.

Jan 10, 1917

By Lachezar Tsotsorkov

Corporate social responsibility Is a principal trend of the corporate strategy for sustainable development of Assarel-Medet JSC ? the largest Bulgarian company for open pit mining and ore processing the production activities of which date back to 1964. Sustainable development Social responsibility is considered as one of the three pillars for sustainable development, together with the economic and environmental responsibility.

Aug 1, 2013

By D Van Doorselaere

The purpose of blasting during mining is to produce a muck pile that can be efficiently loaded and transported. There is an increasing awareness of the variation in muck pile characteristics and its economic implications. It is well known that good fragmentation by itself is not sufficient to optimise the muck loading efficiency. The swelling and configuration of the muck pile also significantly affect the productivity of the loading equipment. The characteristics of a muck pile depend upon the blast design parameters, explosive properties and rock mass geology. This study has focused on the dependence of muck pile configuration on blast design parameters, explosive properties and size distribution of the muck.The field work was done in two phases. In the first phase 12 blasts were monitored, while in the second, three blasts were monitored. The blast design parameters and explosive properties for each blast were documented and the following muck pile characteristics were measured:muck pile height and its distance from the facedistance of throwwidth of the power troughsize distribution by image analysis technique.The effects of burden, bench height, heave energy of explosive, row-to-row delay, powder factor and the mean particle size of the fragments on muck pile configuration were examined. It was observed that muck pile height and distance of throw are strongly influenced by the burden, bench height, heave energy of the explosive and the size distribution of the muck. The width of the power trough depends upon the row-to-row delay, powder factor and total burden. In addition, the effect of the fragment size distribution on the muck pile parameters has also been discussed.CITATION:Singh, S P and Van Doorselaere, D, 2015. The relationship between blasting parameters and muck pile configuration, in Proceedings 11th International Symposium on Rock Fragmentation by Blasting, pp 369–374 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 24, 2015

By Brian J. Gorva

The key objective of forming a cartel is to increase profits to members of the cartel by taking the following action: a) control output; and b) control price. However, while attempting to obtain monopoly profits the cartel members have to contend with costs associated with cartelization and such costs include the following: political costs; the cost of coordinating output and price; organizational costs (such as cheating); and administrative costs (such as the cost of attending cartel meetings). The objective of commodity exchanges is to provide an open, free market where buyers and sellers may openly complete transactions and pricing information can be immediately disseminated. These transactions include the following: a) to provide facilities for "hedging", or transferring price risk from buyers and sellers of physical commodities to "speculators" through the medium of buying and selling futures contracts, and b) taking physical delivery of metal on due dates.

Jan 1, 1983