Search Documents

By Charles L. Kimbell

In overview, 1988 appeared to be the best year for the world's mineral industry since 1980, although the all-important petroleum component suffered severely from low prices. With this notable exception, the traditional statistical measures of mineral industry performance, namely production, trade, and consumption, reflected growth in most elements of the world mineral industry from crude material extraction through the gamut of downstream processing. Moreover, the growth was reasonably well distributed geographically, with many countries sharing in the substantial upturn in activity. World crude mineral output value was estimated at over $1,272 billion in current dollars ($1,090 billion in constant 1983 dollars). The value added by the processing component of the mineral industry raised the total value of the industry's output to an estimated $3,057 billion in current dollars ($2,620 billion in constant 1983 dollars). Less easily assessed was the value of mineral commodities moving in 1988's international world trade, particularly because of the declines in world crude oil and refinery product prices. It remained to be seen if increased volume and value in nonfuel mineral and coal exports, coupled with an increase in the volume of oil exports, would be adequate to offset the drop in oil prices. Whether or not the value of world mineral commodity trade topped the 1987 level of over $498 billion, an increase in the volume of mineral commodity trade was almost assured. Similarly, although comprehensive statistics were not avail-able on consumption of all mineral commodities in all countries, available data on selected major commodities in selected major countries suggested that not only had output of most mineral commodities advanced, but so too had consumption levels for most commodities.

Jan 1, 1990

By AIME AIME

THE World. Engineering Congress closed as it opened, with a brilliant and dignified ceremony. On Oct. 29, 1929, there were hearty speeches of welcome and of hope for the successful issue of this international gathering; on Nov. 7, the farewells were even more heartfelt expressions, and anticipation gave place to, realization. H. I. H. Prince Yasuhito of Chichibu, who had graciously opened the Congress; was unavoidably absent at the closing ceremony, being on duty with his command at the Army maneuvers, so that the principal speech was made by the President of the Congress, Baron Furuichi. The outstanding statistics of the meetings were: an over-all attendance, delegates and members, of 800 from overseas and 2800 Japanese 83 sectional meetings, all. meetings having practically capacity attendance, this being especially true of Section 11, mining and metal¬lurgy, where standing room only was commonly the rule; and 780 papers were presented, in full or in abstract or by title. H. I. H. Prince Chichibu attended each section on Oct. 31. The large attendance of Japanese students was notable at most sections.

Jan 1, 1929

By Peter Hood

Data on world-wide geophysical activity in mining exploration programs are collected annually by the Society of Exploration Geophysicists' Geo-physical Activity Committee as part of a continuing service to the industry. The data are obtained by sending out questionnaires to all organizations which are known to be carrying out mining geophysical work; the organizations canvassed include mining companies, contractors, government departments and universities. The questionnaire is divided into three sections; namely, ground methods, airborne methods and research. The data compiled from the questionnaires show that world-wide utilization of mining geophysical methods reached a new high in 1967 with total expenditures of (U .S.) $32,323,240. This was divided as follows: ground methods, $18,106,785; airborne methods, $10,-123,405; and research, $4,093,050. For the ground methods, most money was spent on the induced polarization technique ($5,681,780); electromagne-tic methods were second in reported expenditures ($2,010,900). The total reported geophysical line mileage flown was 1,275,072 line miles, with aeromagnetic surveying being the most popular airborne method. The total amount spent on aeromagnetic surveys was $5,832,564 for 895,420 line miles. This gives an average cost of (U.S.)$6.50 per line mile.

Jan 1, 1968

By G. Tamaro

The World Financial Center is situated on a 60,000 square meter site at Battery Park City at the southern tip of Manhattan Island. The foundations for the buildings and the related infrastructure posed difficult design and construction problems since the site was filled land in the Hudson (North) River. Foundation construction was made difficult by both the geology and the existence of two railroad tunnels which passed under the site. The soils at the site were unsuitable to support construction of heavy structures, and as a result, all of the foundations had to be carried down to bedrock, or the glacial till over rock. Two buildings were supported on piling and special battered caissons which provided lateral support against wind loading. The other two buildings were supported directly on rock, requiring excavation to depths of 19 meters (63 feet) below grade.

Jan 1, 1989

By Warren B. Davis

Introduction If a subject this broad were to be covered in even moderate detail, it would require a set of books about the size of an encyclopedia. Since an acceptable length for this paper is a small fraction of one book, it will have to consist of a few samples of the subjects that I think are the most pertinent to World Fossil Fuel Economics. I plan to discuss the trends in world energy demand, particularly in the U. S. and Europe; the consumption patterns and cost patterns of oil, gas and coal; the prospects of synthetics; and some of the effects of government regulation of fuel economics. World Energy Demands Fig. 1 shows Free World energy consumption by principal areas for the period from 1950 to 1970 and a forecast for the period from 1970 to 1985. These figures include only the measurable forms of energy. An example of energy consumption that is not measured is the wood a peasant might cut in the forest and bum in a fireplace to heat his home. This omission probably is a very small part of the total. This forecast is not identical with that of Wayne E. Glenn (see Page 22), but the differences in total energy consumption are not significant. The U. S. consumption, which was 55 percent of the world total in 1950, had declined to 45 percent by 1970, and is expected to decline further to 38 percent by 1985. Western Europe has consumed 28 percent of the total from 1950 to 1970 and is expected to lose share slightly between 1970 and 1985. The most spectacular gainer is Japan, which increased consumption from 2.5 percent in 1950 to 7.5 percent in 1970, and is expected to reach nearly 17 percent by 1985. The over-all Free World total has grown from 62 quadrillion Btu (equivalent to 29 million B/D of crude oil) in 1950 to 151 quadrillion by 1970, an average growth rate of 4.5 percent/year. This total is expected to grow at a rate of 5 percent/year between now and 1985, reaching 315 quadrillion Btu (equivalent to nearly 150 million B/D). Fig. 2 shows which fuels supplied this energy between 1950 and 1970, and gives an estimate of how it will be supplied between 1970 and 1985.

Jan 1, 1971

More gold is being produced now than ever before in recorded history. All over the world huge quantities of ore are being mined and processed, thanks to historically high prices for gold and the use of processing techniques demonstrated as cost efficient in the last 20 years. Over the past 10-15 years prices for many other metals have been depressed, and gold has accounted for a significant proportion of worldwide exploration and development expenditures(l)1. The revenues generated from gold mining are providing greater return on investment, more jobs, and more tax revenues to national governments than ever before. Emerging nations are using the gold industry as a springboard for development; developed nations are continuing to fuel their economies with gold industry revenues; and China and countries of the former Soviet Union are using the gold industry to generate foreign exchange, modernize their mining industries, and take the first tentative steps toward private sector participation in their economies.

Jan 1, 1994

By J. Klemenic

This paper presents an analysis of gold production and prices over an extended period. Production patterns are provided for the world as a whole and for the five major producing countries. Gold prices as a function of interest rates, as measured by municipal bond rates, are given for the period 1947 to the present. World gold production has had a phenomenal increase since 1980, with the exception of South Africa, all major producing nations participated in this increase, even though the price of gold generally has been decreasing since the high level attained in 1980.

Jan 1, 1993

By John J. Cioston

THE steadily rising flood of gold production from all parts of the world has created an avalanche of rumors regarding the stability of the present price of this metal. Markets have been unsettled from Johannesburg to London from New York and Toronto to Melbourne, despite repeated denials from, American and British authorities of any immediate intention to alter the price. Various economists and financial writers have blossomed forth with predictions that the price would be set at the old level of $20.67 per oz.; some have even been so brash as to state That a price of $15 would be necessary to bring production within control. These effusions, based entirely upon monetary theories and with no regard to production costs, serve to confuse rather than clarify the situation.

Jan 1, 1937

By G. D. Ritson

Gold surveys were sent to 21 gold operations around the world. Eleven different surveys were sent, each targeting a dif­ferent unit operation used commonly in gold processing. On a monthly basis the individual reports were returned to the opera­tions. Empirical data collected during the surveys has con­tributed to more effective engineering design. Graphical rela­tionships established have been used by the operations to "benchmark" performance against the industry and identify areas of possible improvement. This paper presents some of the findings related to the fol­lowing four surveys that investigated parameters specifically relating to carbon processing. Rescan Gold Survey GO 1 - Carbon Management practices Rescan Gold Survey 003 - Carbon Stripping Rescan Gold Survey 006 - Carbon Loading Isotherms Rescan Gold Survey 007 - Screening A final report documenting all the surveys will be compiled

Jan 1, 1998

By George M. Humphrey

It is indeed a pleasure for me to have this opportunity to discuss with you a subject which I find infinitely interesting and intriguing - namely, world-wide iron ore supply and demand. We will be examining the following: (i) current iron ore production and requirements; (ii) the major ore producing countries; (iii) the seaborne iron ore trade; (iv) ore grades or types; and (v) future requirements. For those who may not be familiar with the iron ore mining industry, it may be useful to know at the outset that our industry has been plagued with overcapacity for the past seven years. The optimism which prompted substantial expansion of productive capacity in the early to mid-1970's has unfortunately proved to have been unfounded. I shall begin by describing where we are today as well as a little about how we got there. In the latter regard, it's not so much that historical knowledge will solve any of the industry's problems or provide clairvoyance with regard to the future. Rather it's a feeling on my part that some knowledge of the past will provide a useful perspective capable of enhancing our analysis of future trends. At the time of writing, the most recent year for which we have definitive world-wide iron ore production and consumption statistics is 1980. In that year the world consumed approximately 859 million metric tons of iron ore to produce approximately 510 million metric tons of primary iron consisting of 502 million tons of pig iron and 8 million tons of sponge iron. Crude steel production for the same period attained a level of 719 million metric tons. Because it is possible in today's world to produce steel without consuming iron ore simply by melting scrap, the key statistic insofar as iron ore demand is concerned is primary iron production. In 1980 the ratio of iron ore consumption to primary iron production was 1.68:1.00. The comparable ratio over the past seven years has varied from 1.63 to 1.87 and averaged 1.72:1.00. All the same, as a practical matter crude steel production and iron ore consumption tend to parallel one another closely, and for the time being a good rule of thumb is that to produce an average ton of crude steel requires 1.20 tons of iron ore. Let's turn our attention now to the regions where the 859 million tons of iron ore necessary to support 1980 world-wide iron and steel production were produced. Not surprisingly, most of the ore was produced in the same region where it was smelted. In round numbers 65% of the world's iron ore production is currently consumed in the same general region as it is produced, while 35% enters the seaborne trade and is transported in ocean vessels to a more remote consuming area. Approximately 85% of the world's seaborne iron ore trade is directed to the Western European and Japanese markets, both of which are almost entirely dependent on off-shore sources for their mammoth iron ore requirements. The following tabulation lists, in order, the twelve leading iron ore producing countries in 1980 as well as their percentages of total and free-world production; in addition their export potentials are presented. As a group these countries accounted in that year for 89% of world-wide production which stood at 871 million tons. Leading World Iron Ore Producing Countries [ ] One will first note that world iron ore production is dominated by the top four producers - namely, the U.S.S.R., Brazil, Australia and the U.S.A. - which together accounted for nearly 60% of total 1980 production. Of these four major producers the U.S.A. and the U.S.S.R. produce almost exclusively for consumption in their own regions, whereas Australia and Brazil produce primarily for the seaborne export trade. In fact Australia and Brazil accounted for about 50% of all seaborne iron ore trade in 1980! It is also interesting to note that Australia, Brazil, the U.S.A. and Canada accounted for nearly 60% of free world iron ore production in 1980. Once again the importance of Australia and Brazil shows itself, with their share alone of free world production reaching 35%. As has already been noted, a significant 35% of the world's iron ore production in the year 1980 was

Jan 1, 1982

By C. M. Bristow

The mineral kaolinite is one of the commonest minerals in the uppermost 10 m of the continental crust; ranking in abundance alongside minerals like quartz, mica, feldspar and calcite. Only very exceptionally does it possess all the necessary properties needed to make it worth commercially exploiting. The terms 'Kaolin' and 'Kaolinite' are derived from a locality known as 'Kau-ling', in Jiangxi Province, Peoples Republic of China; where samples of a white clay used by the Chinese to make porcelain were first obtained by European missionaries and explorers in the eighteenth century.

Jan 1, 1986

By Waldemar Lindgren

IN spite of a world production of lead amounting to 1,300,000 tons, of which the United States produces slightly less than one-half, it appears that the mines at present are hardly able to supply the demand. For this there are several reasons. The lead deposits, geologically speaking, were formed comparatively near the surface under conditions of lower temperatures, with the richer deposits often residuary; that is, enriched by surface water, and consequently soon exhausted. Lead is practically absent from a great part of the world. The great Canadian shield, the eastern part of the Dominion, contains practically none. Scandinavia contains no lead. It is absent from geo- logical formations of great age, but does occur in large quantities in the deposits in the Rocky Mountain region. These deposits are, more or less directly, of igneous origin, but here, too, there is a tendency of the lead shoots to concentrate in the upper part, and when they go down the deposits turn to zinc-copper and some other metals. This is one of the best established facts of economic geology. The deposits of the Mississippi Valley district, from Kansas-Oklahoma, to Canada, are in comparatively accessible limestone beds, at a depth seldom more than 500 ft. Therefore, the lead is easily mined but more easily exhausted.

Jan 1, 1926

By S. M. Smouse

Total world energy consumption is projected to continue its strong growth of recent years. Because coal is the most abundant fossil fuel, it will likely remain an important energy source, particularly for power generation, into at least the early years of the next millennium. Clean coal technologies are available today that can economically reduce air pollution, primarily SO2 NOx and particulates, and for the higher efficiency technologies, CO2, from power generation. U.S. Department of Energy analyses show that the adoption of clean coal technologies could decrease carbon emissions worldwide while creating a strong export market with attendant creation of jobs in the U.S.

Jan 1, 1998

By J. G. Hall

Introduction When one thinks about world metal economics today, it seems to me he must go beyond the traditional factors such as exploration, discovery, economic feasibility of development, management, labor, and the application of technology. These elements have been and will continue to be very important, of course, in making available the resources that experts believe the world will require during the remainder of this century. There are, however, some new forces as well as new or different emphasis on some of the old factors that could materially affect the development of the world metal mining industries. For example, in my own company two of the most significant considerations affecting our economics today have to do with foreign political decisions and with environmental concerns here in the U. S. -both of which play a far more significant role in our economic considerations than they did as recently as 10 years ago. After a brief look at some historical data and some projections of probable future demands for the world's major metals, I shall then identify and comment upon some of the factors that I believe will have an increasing impact on the future of the economics of our industries. I do not have any magic solutions to the problems we will face; nevertheless, we in the mining industries of the world are going to have to cope with these matters and find satisfactory answers to the problems they will create. The Past Although the age in which we live has been described as the atomic age, the space age and the computer age, we are, in fact, living in a metals age, and we have lived in a metals age for a very long time. The discovery of copper smelting, for example, is placed at about 4000 B.C. Gold was used in a primitive way before that. Other metals - lead, silver, tin, iron and mercury - were discovered and used before 2000 B.C. In all probability, we will be dependent upon metals beyond the vision of anyone living today. In industrialized nations of the world, man's mode of living is based to a great extent on metals, and it is extremely unlikely

Jan 1, 1971

By Alan M. Bateman

POSSIBLE postwar trends of the more important world minerals will be determined in part by their present world position and by the acts and forces that have operated during the war period, so it is desirable first to review briefly what has been happening in the foreign field of metals and minerals. When we first entered this war we of the mineral profession were all acutely conscious of our lack of strategic minerals and other materials, which had to be imported in great quantities-minerals such as manganese, chrome, tin, mercury, nickel, and antimony. But we realized also that we had to acquire vast quantities of those minerals of which we had thought we were bountifully supplied. Our assumed domestic abundances turned out to be woefully deficient, and demands also arose for new minerals never before produced in large quantities. Some threescore minerals entered the strategic list of our imports. Ores from new sources had to be sought, developed, and transported. Tonnages in the millions of such bulk materials as zinc, lead, copper, chrome, and manganese flowed to feed our war efforts. Sparsely distributed minerals such as tin, mercury, antimony, tungsten, cobalt, mica, and corundum had to be lured from their rock lairs in greatly increased quantities to feed the hungry maw of war industry, and the rare minerals such as tantalite, columbite, beryl, and quartz crystals had to be developed and procured in quantities never before dreamed of. New uses such as radio and radar created demands for many minerals formerly thought of only as adornments of museum collections and not as pressing industrial minerals. Such minerals were never before mined in quantity.

Jan 1, 1945

In the last 40 years nuclear energy has taken its place as a major source of electricity worldwide. It now produces 17 per cent of the world's electricity and could conceivably produce a higher proportion, to displace some six billion tonnes of carbon dioxide emissions per year. Concerns about global warming and environmental quality now underline the virtues of nuclear electricity among alternative sources of energy. Global electricity demand is rapidly increasing as a proportion of total energy usage. The proportion has doubled since 1960 and the demand is expected to increase at least 75 per cent between now and 2020. The source of this extra capacity, and the replacement of present capacity, raise questions with major resource and environmental implications. Today nuclear energy is a mature technology. Over 1200 nuclear reactors have been built and operated, some of these have been decommissioned, and among the 440 reactors in commercial operation the first advanced reactors are now entering service. Some 8000 reactor-years of operation have, with the sole exception of Chernobyl, shown nuclear energy to be extremely safe and reliable. High-level wastes are being managed properly and in different parts of the world two strategies are applied to this. Australia has a major role as a long-term supplier of uranium, since it holds almost 30 per cent of the world's reserves. This, along with an impending sellers' market for uranium, is making it an opportune time to develop new mines here. However, after several decades of concern about civil nuclear energy contributing to the arms race, we now have uranium liberated from nuclear weapons stockpiles being diluted for use in civil reactors, which will supplement ex-mine supply. The public acceptability of nuclear energy remains the critical factor in its future and hence in ours.

Jan 1, 1997

By Paul L. Russell, Charles O. Hook

While the oil shale resources of the US are becoming increasingly known, few people in this country are aware of the extensive worldwide occurrence of this resource. Two recent international conferences* confirmed the growing worldwide interest in oil shales, both as future and current energy sources. The 1981 conference noted the difficulty in characterizing worldwide oil shale resources because of lack of common terminology in reporting both assay value and resource potential. Assay value is variously reported as: •US gallons per short ton; •Imperial gallons per metric ton; •Liters per metric ton; •Liters per cubic meter; •Weight percent oil; and •Volume percent oil. Oil shale resources are variously reported in barrels, short tons of oil shale, metric tons of oil shale, and cubic meters of shale oil. Worldwide petroleum shortages sparked interest in alternate energy resources including oil shales. While petroleum supplies appear to have stabilized, at least for a while, high costs are affecting the balance of payment index of many countries, resulting in a continued search for local energy resources. Kerogen is the organic constituent of oil shale and may be the most abundant form of hydrocarbon on earth, possibly exceeding coal occurrences and far more abundant than naturally-occurring petroleum resources. Oil shale, by one name or another, is widespread and is known to exist in more than 38 countries (Table 1). Oil shale industries have existed in at least 14 countries at one time or another. Many predated the Drake oil discovery in Pennsylvania in 1859, and most were unable to compete with natural oil; these operations either converted to its use or closed. At the present time shale oil is being produced on a commercial scale only in the USSR and in China. Only very rough estimates of grade and quantity are available for most of the worldwide shale occurrences since only a few deposits have been thoroughly explored. The Green River Formation of Colorado, Utah, and Wyoming is an exception. For many years this oil shale deposit has been described as the largest single concentration of hydrocarbon material in the world. With increasing world interest, larger deposits may yet be found. In 1965, the US Geological Survey published an in-place world oil shale estimate. This study, while made some 16 years ago, is still a reasonable order-of-magnitude estimate. Although exploration and evaluation are underway and a few oil shale deposits have been appraised, information on which to evaluate most worldwide oil shale occurrences has improved little since 1965. Table 2 presents an order-ofmagnitude estimate of in-place world oil shale resources. Total US resources and Green River Formation

Jan 1, 1982

By M. C. Manderson

Abstract-The sharp drop in world phosphate demand that took place in 1975, due to temporarily high prices, now seems to be reversing itself. And prices for both phosphate rock and phosphate fertilizers, which declined dramatically from their 1975 highs, now appear to be bottoming out. This recent price weakness has delayed new mining ventures that had previously been planned for completion by around 1980. While there is ample capacity to supply near-term rock needs, the stage seems to be emerging for a better supply-demand and price environment in the late 1970's and early 1980's.

Jan 1, 1978

By M. C. Manderson

Phosphate rock is a naturally occurring mineral which, in upgraded form, is important to both agriculture and industry. Phosphate rock normally must be upgraded before it can be assimilated and used. Most of this upgrading is now carried out by chemical means, largely through the reaction of a strong inorganic acid (primarily sulfuric acid) with the phosphate rock to remove major impurities and to produce soluble phosphate. A less important but yet still commercially significant conversion method involves the thermal reduction of phosphate rock at high temperature in an electric furnace to produce elemental phosphorus. The elemental phosphorus is then converted to usable end products. This conversion route is a more costly method than the chemical route, but it has the advantage of being able to produce chemically pure phosphorus derivatives. On the other hand, the use of phosphate rock for agricultural application-primarily for use as a plant nutrient ingredient for fertilizer -does not require the same level of purity. As a consequence, the chemical method of phosphate rock upgrading is the predominant technique for producing phosphatic fertilizers.

Jan 1, 1977

By M. C. Manderson

The sharp drop in world phosphate demand that took place in 1975 due to temporarily high prices, now seems to be reversing itself. And prices for both phosphate rock and phosphate fertilizers, which declined dramatically from their 1975 highs, now appear to be bottoming out. This recent price weakness has delayed new mining ventures that had been planned for completion by around 1980. While there is ample capacity to supply near-term rock needs, the stage seems to be emerging for a better supply-demand and price environment in the late 1970's and early 1980's.

Jan 1, 1979