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By R G. Barker

This paper reviews the annual status of the New Zealand mining industry (metallic minerals and coal) including key aspects such as mineral production, mineral exploration expenditure, commodity price trends, key industry players, market activity and other significant commercial factors.   Strong commodity prices during 2006 have been underpinned by a number of key factors including US dollar weakness and emerging market demand, particularly from countries such as China and India. In real terms commodity prices have recovered significantly since 2002 and are currently at 20-year highs.   New Zealand exploration spending on metallic minerals (predominantly gold) is at a 15 year high driven by rising global commodity prices. New Zealand gold production in 2006 was about 340,000 oz and is expected to grow in 2007 as new mines at Frasers and Globe-Progress (Oceania Gold) and Favona (Newmont) come on stream. Gold production broadly lags 10 years behind exploration spending and exploration activity over the last five years remains well below that seen in the early 1980Æs. Expenditure on coal exploration shows a similar trend with strong growth from a low base over the last five years, reaching over $11 M in 2006. Total coal production in 2006 was 5.9 Mt, an increase of 10% on 2005 with imports from Indonesia adding a further $1.1 Mt.   Newmont and Oceana Gold are by far the largest public gold mining companies operating in New Zealand, although only Oceana Gold maintains a presence on the local stock exchange. Other metals explorers with New Zealand projects include a range of public-listed Juniors (market capitalisation less than NZ$50m) domiciled largely in New Zealand, Australia and/or Canada. Capital-raising on public markets directed towards New Zealand exploration is estimated at around NZ$12 M for 2006, the bulk of this coming via Glass EarthÆs NZ$10 M IPO on the NZAX in October.   The New Zealand Coal sector is dominated by the state-owned enterprise Solid Energy with around 80% market share by production. Other domestic coal competition remains limited, and includes the L&M Group, Pike River Coal, Eastern Corporation, and New Vale (acquired by Solid Energy in 2007). Pricing parity comes mainly from imported coal and global thermal coal prices have remained strong during 2006 at around US$45-55/t, driven by continued expansion in Chinese demand. Coking coal prices have eased 16% since 2005 to around US$98/t in 2007.   Although recent increases in exploration spending suggest a renaissance in the New Zealand minerals sector, long-run trends indicate that we have simply rebounded from a low base over the last five years and much work is still to be done to stimulate further growth in the mining industry to maintain minerals production at current levels. Key industry challenges include marketing exploration opportunities to local and overseas investors, building a critical mass of NZX-listed explorers and providing an internationally competitive environment to attract further capital and expertise.

Jan 1, 2007

By G. H. Lind

This paper discusses the traditional costing approach currently used in the underground coal mining industry. Activity Based Costing (ABC) is identified as being a potentially more effective manner in which to cost underground coal mining systems. With the use of a costing framework developed by the author incorporating new thinking to eliminate the shortcomings identified in the traditional costing approach, a comparison of two types of underground coal mining systems, viz. continuous miner and longwall, is conducted. It is found that under certain criteria, in all cases, irrespective of the way in which the systems are costed, the continuous miner system is currently the better investment. It is also observed that when a system is costed using ABC that better investment decisions result when compared to costing the same system using traditional costing techniques. It is further seen that traditional costing techniques tend to overestimate the total costs of a mining system. This paper shows one application of ABC that can be incorporated as a management tool.

Jan 1, 2001

By Kyle Selga, Christopher J. Greet

"The Pulp Chemistry Monitor (PCM) has been installed and operated in a number of concentrators in Australasia, and has produced some very interesting results. PCM measures the pH, Eh, dissolved oxygen, temperature and oxygen demand of process streams within a concentrator continuously and in real time.In the example presented in the paper the cleaner feed pulp chemistry is measured, and related back to changes in the mineralogy as well as variations in metallurgical response. For example, a decrease in Eh and dissolved oxygen as well as an increase in the oxygen demand. These changes in the pulp chemistry appear to coincide with increases in the feed grades, probably higher pyrite grades. Further, these variations in pulp chemistry and feed mineralogy have a negative impact on the concentrate grade and recovery.The implication is that if the pulp chemistry is monitored it is possible to predict changes in the mineralogy of the system, and from this the metallurgical response. Further, the changes in pulp chemistry can be used in a control system to counter the changes in mineralogy and maintain the metallurgy.IntroductionIt has long been recognized at a fundamental level that the flotation behaviour of sulphide minerals is dependent on the pH and Eh of the system (for example: Tolun and Kitchener, 1964; Woods, 1976). However, measuring pulp chemical parameters within an operating concentrator has had limited attention. Woodcock and Jones (1970a and b) were among the first to actually collect data from operating plants. Jones and Woodcock (1984) identified some of the chemical complexities of flotation pulps, and noted that most concentrators already operate at high levels of metallurgical performance but there was still considerable scope for improvement. These gains would, in part come from more effective chemical control. In the same volume, Healy (1984) discussed metal ion hydrolysis and precipitation, redox chemistry and how the surface chemistry of sulphide minerals can be influence flotation behaviour. The impact of grinding environment on the pulp chemistry and flotation response of a complex polymetallic sulphide ore is discussed by Forssberg and Subrahmanyam (1993). Their work essentially contrasts the pulp chemical and flotation performance of pulps ground with conventional ferrous grinding media to a fully autogenous system. The data suggested that the reduction or removal of iron hydrolysis contamination from the system could have a positive influence on flotation behaviour, and perhaps the first stage of “controlling” the chemistry of the system should be in the grinding circuit. Grano et al (1995) demonstrated that the collection of pulp, solution and surface chemical data could identify weaknesses within a concentrator, and from these data develop, test and implement solutions that improved the process. Greet et al (2006) showed that the pulp chemical trends observed through primary grinding and rougher flotation circuits of most sulphide flotation concentrators are approximately the same. There are differences in the magnitude of various pulp chemical parameters (pH, Eh, dissolved oxygen, temperature and oxygen demand) as a result of variations in the feed mineralogy and processes employed. Further, it was noted the Eh shifted to more reducing values of the ten days measurements were collected, and this change could be traced to an increase in the iron sulphide content of the feed. Metallurgically, this resulted in an increase in nickel recovery through the recovery of nickeliferous iron sulphides, and a decrease in nickel concentrate grade."

Jan 1, 2016

By Ernesto Zelaya P

En el Perú, muchas de las empresas mineras se desarrollaron por la configuración de sus yacimientos explotados. Sin embargo, también se generaron limitaciones y restricciones en el transporte, extracción de mineral y/o desmonte dentro de las operaciones mineras. En este sentido, el presente texto señala una forma de inversión a través de un sistema de izaje, donde se realice un costo menos y una mayor productividad en la Unidad Minera Animón – EACH S. A. C. (Pique Jacob Timmers) y en la Unidad Minera Andaychagua – U. P. Yauli (Pique Roberto Letts) que son partes integrantes de las operaciones mineras de Volcan Compañía Minera S. A. A

Sep 12, 2011

By J. S. Phipps, D. R. Skuse

"Aqueous slurries of fine particle size calcium carbonate are used in a diverse range of end-use products. In many cases, the end use performance is governed by the fineness of the particle size distribution. In turn, the maximum fineness of the particle size distribution is primarily determined by the efficiency of the dispersants used during the production process. Here we report the sodium polyacrylate mediated dispersion of calcite and kaolin. Firstly, we report a colloid chemical description of the dispersant behaviour and attribute the stabilisation to both steric and electrostatic mechanisms. Secondly, we describe how the understanding developed in the first part of the study can be utilised to produce more effective dispersant systems which allow the preparation of, added value, higher solids and finer particle size calcium carbonate slurry products.INTRODUCTIONConcentrated aqueous dispersions of fine, particulate kaolin and calcium carbonate are used extensively in the coating of paper. Currently more than 10 million tonnes of such dispersions are used annually in North America and Europe alone, and worldwide consumption is growing at around 3% per year.Generally, paper is coated to enhance its visual appearance. Firstly, coatings improve the optical properties of the blank sheet, i.e. its brightness (or whiteness), opacity and gloss. Secondly, they improve the physical properties of the sheet that will influence the quality of the final printed image, such as surface smoothness, porosity, and ink absorption. In order to achieve these aims economically, paper coatings must be applied at high speeds and with minimal drying costs.Kaolin and calcium carbonate pigments are the major components of most paper coating formulations. Particle size distributions are chosen to maximise the optical benefits that they confer, and to allow the production of formulations that can be easily pumped, handled and coated. Coating pigments are generally produced and transported as slurries, and so it is important to obtain dispersions with the highest possible solids content, both to minimise drying costs and the quantity of water transported. This paper examines the dispersant technology that is currently used in the industry and the mechanisms by which it functions, and illustrates ways in which this technology has developed and could be further improved in the future."

Jan 1, 2003

By D. S. van Vuuren

Over the last 60 years many different processes were conceived to reduce the cost of titanium produced by the Kroll process. However, success eluded all previous efforts, which were consequently terminated in periods of economic downturn. Recently, the grow thin demand for titanium and the high cost of producing the metal again sparked renewed attempts in various parts of the world to replace the antiquated Kroll process with a more efficient route. The different options to produce titanium are reviewed, classified and evaluated in terms of the fundamentals underlying the technologies, and it is shown that the options considered to be the most likely to replace the Kroll process, are continuous processes to reduce TiCl4 metallo-thermically to titanium powder. Of these, continuous magnesio-thermic reduction of TiCl4 would conceptually result in the lowest-cost and highest-value product. However, when considering by-product salt removal from the titanium product and recycling of the salt as well, sodio-thermic reduction of TiCl4 is better.

Jan 1, 2009

When defining a ?megaproject,? one need only to look at Seattle, WA?s State Route 99 Alaskan Way Viaduct replacement project. This $3.1-billion project is one of the largest of its kind in the world, and includes the use of the world?s largest tunnel boring machine (TBM). However, for as large as the Alaskan Way project is ? especially given the size of the TBM being used ? there are several other megaprojects underway around the world. Each has its own challenges that require innovative design techniques and financing arrangements, as well as variations on established tunneling technologies. So it was that 266 tunneling and underground construction professionals ? owners, contractors and engineers ? convened in Seattle in November for the Cutting Edge Conference on Megaprojects. This was the second joint meeting between the Underground Construction Association of SME and the North American Tunneling Journal. The first joint conference took place in April 2012 in Miami, FL and attracted 238 attendees. A third joint conference, to be held in 2014, is in the planning stage. The key reason Seattle was chosen as the site of the megaprojects conference is the Alaskan Way Viaduct project. Before the conference began, many of the attendees were able to visit the project and get a close look at Bertha, the Hitachi Zosen earth pressure balance TBM that is boring the tunnel. In addition, the conference included an exhibit that attracted 20 industry suppliers, up from 10 the previous year in Miami. The 25 presentations during the two-day conference covered all aspects of the tunneling and underground construction of megaprojects. Topics included the Alaskan Way Viaduct project; considerations for procurement and contracting; political risk, financing and insurance; international megaprojects; risk and risk sharing and project delivery. Each session concluded with panel discussions.

Dec 1, 2013

By Jens Gutzmer, Helmut Mischo, George Barakos

"It has been nearly eight years since rare-earth elements (REE) became the subject of frontpage headlines. It was when the controversial Chinese export policy for these critical commodities was epitomized in a maritime border dispute with Japan in September 2010 that resulted in the big REE crisis and price spike of 2011 (Barakos et al., 2016c; Mancheri, 2015).The world was dismayed, especially in REE-importing countries such as the United States that was, and still is, totally dependent on Chinese production and exports (Barakos et al, 2016c; Kennedy, 2015). The short-lived alarm initiated a treasure hunt by way of exploration for REE deposits all over the world. The continuously growing demand on the one hand, and the Chinese sovereignty of the REEmarket on the other, led the rest of the world to explore their own REE resources. In just a few years, more than 400 projects were initiated to explore REE deposits outside of China (ERECON, 2015; Goodenough, 2016).The prices of REE, however, dropped rapidly in late 2017 and were in six-year lows, before the 2011 crisis (Barakos, 2017). The viability of even major established producers is being challenged, not to mention the development prospects of potential REEmarket entrants (Barakos et al., 2016b; Rollat et al., 2016). Production cutbacks and industry consolidation in China have impelled REE market experts to forecast that prices have already reached their lowest point and have nowhere to go but up (Adamas, 2015; Roskill 2015). Yet, expectations for increased REE prices are limited and drastic changes are unlikely to happen in the near future, as there is still excess supply in the overall REE market (Barakos, 2017). Nevertheless, the low prices of rare earths are not the only reason that potential producers are struggling to enter the global REE market. Among other parameters, the separation process of the individual elements seems to be the most important factor, as it is technically challenging and expensive to build and to operate."

Jan 8, 2018

By S. Chander, S. W. Musselman

The molecular structure of hydrophobic and hydrophilic groups in nonionic surfactants has been related to the wetting and dispersion of selected pigments. The nonionic surfactants included in this study are acetylenic diol based surfactants and ethoxylated alkyl phenols. The Langmuir model could be used to fit adsorption data. Further analysis of the data showed that the free energy of adsorption was a function of adsorption density of the surfactants at the interface. The change in free energy with adsorption density could be interpreted by considering a change in the orientation of the adsorbed molecules. Acetylenic diol based surfatants were found to have an area per molecule of 2-3 times that of similarly ethoxylated alkyl phenols. The wetting and dispersion properties of lamp black, a model hydrophobic surface, by these surfactants were investigated by contact angle measurements and particle size analysis. Acetylenic diol based surfactants with ethylene oxide contents between3.5 and 10 moles per molecule and alkyl phenol based surfactants with approximately 9 moles of ethylene oxide per molecule were found to provide superior wetting abilities. Longer ethylene oxide chains were required for superior dispersion capabilities within each family of surfactants. Complete wetting and dispersion was found to occur above the critical micelle concentration of the surfactants.

Jan 1, 2000

Cessation of mining on the Bendigo goldfield makes it evident that, as the older generation fades away, knowledge of the famous Bendigo saddle reefs will be limited in the future by their written records. It is important therefore that the summarised account by D. E. Thomas (1953) in the Geology of Australian Ore Deposits should not be misleading. Fig. 6 in this article is stated to portray a cross section and longitudinal section through a series of gold shoots in the Garden Gully 300 ft. reef. The gold shoot along the capof the saddle reef is represented as extending down the east leg in a series of prongs, with the tips of the prongs about 50 ft. apart. It is the purpose of this note to indicate that this illustration can be suspected to be a diagram of the old stopes instead of a diagram of the distribution of gold in the quartz.The original sketches of Figs. 6 and 7 in Thomas' account were extracted, I believe, from the field note books of H. S. Whitelaw, years after his death in the late twenties. Whitelaw was stationed in the Bendigo office of the Geological Survey of Victoria, carrying out geological surveys of the Bendigo mines. He was there for many years before the Gold Research committee started its investigations in 1916 and he was acutely aware of the problem attached to the distribution of gold in the reefs. He had felt concern that manyauriferous reefs were being mined without adequate study and record and he decided, as he expressed it to me, to pick up what he could as he went along. There can be little doubt that the diagrams of Figs. 6 and 7 are products of this resolve.Opportunities to investigate gold occurrences at Bendigo were limited before 1916 because the field was operated by Manuscript received at The Institute 18th November, 1960.

Jan 1, 1961

Wire rope, when used for hoisting on a mine is one of the most vulnerable units in the most expensive group of installations on the mine. With the introduction of hoisting on the Koepe sheave, a new technique was established. This innovation brought with it certain advantages which long had been recognized and which are being developed further.A need exists for the development of an infallible non-destructive testing device for wire ropes and it is axiomatic that the development and application of such a device should be coupled with the physical examination of mine hoisting systems. Therefore an integrated type of research programme is necessary in order to correlate the effect of shock loading with rope damage, which may be detected ultimately bynon-destructive means. This paper reviews certain historical aspects of investigations on this topic and it outlines a policy for research which can cope with a.c. or d.c. methods of excitation of the rope.INTRODUCTIONThe importance of wire rope in mining operations is often not fully recognized. A wire rope when used for hoisting in a mine shaft should be regarded as a "machine" forming part of a system of machines, and consequently it should be specified as such when it is purchased, it should be maintained as such during its working life, and it should be discarded only when it has done its duty and has been rendered either unsafe or uneconomic for further use.Every mine shaft, vertical or inclined, has in it one or more wire ropes which are used to transport men, material, and ore. Considering the long history of wire rope haulage and the large number of rope applications, it is a tribute to wire rope makers and to mine maintenance engineers, throughout the world, that not many serious accidents have occurred because of failure of wire rope. However, when a...

Jan 1, 1965

By R. E. Heithecker

In Kansas, almost every oil well drilled into a limestone formation is treated with hydrochloric (muriatic) acid upon completion. This is done to increase the potential capacity of the well and thereby increase its "daily allowable" production (see p. 9 ), to shorten the time required to produce the recoverable oil, and to increase the quantity of oil recovered ultimately from the reservoir. The porosity and. permeability of limestone formations seldom are uniform throughout the proved area, consequently the production capacities of completed wells vary considerably. Acid treatment of wells tends to increase production capacity and to equalize potential capacity. If offset wells already have been treated with acid, new wells usually are treated to protect the property on which they are drilled against drainage. Even though competitive conditions do not exist in a field, it

Jan 1, 1939

By Aminul Islam, Vinay M. Kumar

"About 100 Hectares of land reclamation over the very soft to soft marine clay at Uran Creek in Maharashtra is planned. The depth of marine clay varies from 10m to 24m as observed from the geotechnical investigation. The marine clay was treated with Pre-fabricated Vertical Drains (PVD’s) installed from the elevation of +5.5mCD (chart Datum) and preload/placement of surcharge. A Settlement of soft soil mud under the reclamation was monitored using magnetic extensometer (M) and ground settlement maker (S2). These instruments are installed after constructing working platform at around +5.5m CD. Based on the field instrumentation data, the consolidation parameters were adjusted to match the theoretical and actual settlement plot. The author called this approach as “Back analysis method”. The objective of this paper is to present a case study of instrumented preloading treatment for a thick marine clay deposit. The degree of consolidation in clay strata was determined from magnetic extensometer and ground settlement marker data. Authors also determined degree of consolidation as Asaoka method, Hyperbolic method and Back analysis method and compared the results.INTRODUCTIONExpansion of Container terminal with port buildings, rail container depot, roads and utility buildings at Jawaharlal Nehru Port Trust (JNPT) is planned over a reclaimed land of 100 hectares. Uran creek predominately consists of the estuarine deposit of very soft to soft marine clay. They are characterized by low shear strength, very low bearing capacity and exhibit large settlement when subjected to loading. The additional load causes the significant magnitude of consolidation settlement over a considerable period of time. Thus for development projects on top of soft soil, the postconstruction settlement would be of primary concern.To accelerate the consolidation pre-fabricated vertical drains (PVD) were used. Pre-loading procedure was adopted to minimize the post construction total and differential settlements. PVD’s were installed at 1.0m and 1.2m c/c triangular pattern. Locally available borrow material is used as a reclamation material. The reclamation material has been placed over the existing sea bed level by land based method/end tipping method and created the working platform. The level of working platform is decided based on the tide data and it has been selected such that work should be affected during highest high water level. The PVD has been installed from the working platform and subsequently all the field instruments have been installed from the same level. Five different types of field instruments are installed to monitor ground improvement works."

Jan 1, 2017

By J. S. Brock

Magnetic, electromagnetic and gravimetric surveys have played an important role in the mineral exploration leading to the discovery of three major massive sulphide deposits in the Anvil-Vangorda area of the Yukon Territory. During 1964 and 1965 a saturation prospecting program, relying heavily on the integrated use of airborne and ground geophysical survey techniques, led to the discovery of the Faro deposit, which was subsequently proven to be a 63-millionton lead-zinc orebody. Locating the Faro deposit, the largest found to date in this overburden-covered region, involved an exploration sequence requiring the selection of a favourable geologic environment, aeromagnetic and electromagnetic surveys, property acquisition of anomalous areas and detailed ground geophysical surveys, followed by rotary drill testing, detailed gravimetric surveys and diamond core drilling.

Jan 1, 1973

By J. R. Parga

In mineral processing, poor froth-flotation performance translates into both an enormous loss of revenue and an unnecessary waste of the ore reserve. In this context, Bacís Mining Company developed a versatile new, high-performance flotation-cell design that can be incorporated into various flotation circuits. The main feature of this circular cell is that it is comprised of two separate sections, namely, a flotation cell that uses wash water to minimize the entrainment of fine gangue particles into the froth product and an external bubble generator that produces small bubbles of relatively uniform size at a specified aeration-rate. The air/water mixture is blended with the pulp by gentle agitation, so as to enhance particle-bubble aggregate-stability. Comparative metallurgical performance with conventional flotation cells show that the power requirements and operating costs for precious metal flotation are three times lower, while the concentrate grade is 7% higher and the recoveries of precious metals are 5% higher.

Jan 1, 2009

By T. P. Weldum, W. Conger

"These studies address the relationship between mill media sizing and its grinding efficiency. Starting with the results from a review of the literature, the issues of initial media sizing for a new ball milling circuit, and then optimal media sizing for an existing milling operation, were studied. The Functional Performance parameters “Mill Grinding Efficiency” and cumulative “Mill Grinding Rates” from both plant and test-scale equipment were used, and provide valuable new insight into this topic. A plant media sizing diagnostic tool is presented, as are newly developed testing equipment and evaluation methods, and recent case studies.REVIEW OF MEDIA SIZING LITERATURE For a plant metallurgist to answer the question “How can I maximize plant profit by manipulating this grinding circuit variable?” she must know what effect the variable has on grinding circuit efficiency. Despite the significant cost of grinding media and its potential effect on production capacity, the ‘best’ media sizing remains ill-defined for any given ball mill circuit in the industry today. The underlying reasons for this will be discussed. But the importance of this issue drove Metcom and its industrial partners to take on the challenge of how to engineer the ball charge for an existing grinding circuit. In the absence of any proven method, the first step was a review of the literature. Sponsored by Cleveland-Cliffs, Inc., a broad review of the literature was undertaken, producing “The Effect of Media Sizing on Ball Milling Efficiency” (McIvor, 1997). Among hundreds of publications that were reviewed that discuss the topics of media sizing or wear, forty-five were studied in detail. These were grouped into: plant experiences; laboratory and pilot plant investigations; media wear studies; population balance modeling studies; and general papers on ball milling which included the topic of media sizing. The reader is encouraged to refer to that review. The findings remain unchanged, although some relevant papers have been written since (e.g. Staples et al, 1997; Banasi et al, 1999; Orford et al, 2006; LaMarsh, 2015). The main findings of the review were as follows:"

Jan 1, 2018

By Bohrn W, Milionis K, Tessmer G, Reidetschlager J

The share of electric arc furnace based steel production is increasing - New technologies for the production of virgin raw materials for EAF production are under development and on the market - VAI has a strong position in the field of scrap substitution technologies with their COREX«-, COREX«-DR and FINMET«-technology. In late-1998 the steel plant SALDANHA was started up successfully. This integrated compact mill is using the COREX«-technology as hot metal and a combined DR-plant as DRI production unit. Also in 1999 the BHB FINMET« plant Port Headland went on Stream.

Jan 1, 1999

By Brendan Reilly, Jon Isaacson, Paul McDermott

Kenny/Shea JV is constructing the water intake tunnel for the new Elm Road Generating Station, a supercritical coal-fired power plant in Oak Creek, Wisconsin, being built by Bechtel Power Corporation. The intake tunnel system consists of a temporary mining shaft, pump house and intake channel riser shafts, and four lakebed intake shafts. An 8.33 m diameter, 2,800 m long TBM mined rock tunnel is being constructed to connect the shafts. The intakes are located 2.4 kilometers offshore in Lake Michigan. The shafts and tunnel are being constructed in glacial tills and Silurian Dolomite. The estimated tunnel completion is December 2007.

Jan 1, 2007

Background information, formulae and a systematic set of procedures for estimating capital and operating costs for open pit mining equipment are presented in this paper. Firstly, equipment capital costs are required. These can be obtained from either suppliers, contractors or from first principles. The equipment is then divided into cost elements. Typically these are fuel and power requirements, spare parts consumption, wear items such as tyres, teeth and drill bits and finally repair and operating labour requirements. By consideration of the cost and life of each element a base cost can be derived. The base cost is then adjusted to suit specific site conditions such as the proximity to spare parts suppliers, the duty or ground conditions and the management and operator skills specific to the site. Hence, the same item of equipment can be costed to reflect different operations. Included are tables and data for typical plant items. Several examples are also given to illustrate the methodology being presented. The intention is to provide a set of procedures to allow costs to be built up from base level in a systematic and repeatable way. Applications for these costs include feasibility studies, budgetting and data for economic analyses.

Jan 1, 1990

By C. M. Campbell

IN 1934 Newfoundland, after extravagant operation based on exaggerated ideas of what she had to work with, became bankrupt, ceased to be a self-governing Dominion, and passed into the hands of a Commission. Since the days of Dawson, Canadians have been taught that no country in the world is as rich as their own. This idea has become a religion; contrary views are heresy, and are suppressed even by technical organizations and government departments. Following the alleged habit of the ostrich, we have buried our heads in the sand and have refused to face the facts. This policy of "to have today and to hell with tomorrow" is now bearing fruit. After forty years of operation on the basis of unlimited natural wealth, with resulting over-expansion, wholesale depletion of capital assets, and huge borrowings, we are, now that our wealth has been shown to be very limited, face to face with the status of Newfoundland. Already, in this Province, commission government of bankrupt municipalities is not uncommon. The ostrich is referred to as the most foolish bird in the world. That is not the case-no ostrich ever hid his head in the sand. In the clear air of his home on the South African veldt, an area characterized by low bushes, he is a conspicuous object. When danger approaches, he lowers his head; matches his background, the bushes; and danger passes him by. This leaves the Canadian, with his head still in the sand, to fill the r61e cast for the ostrich. Fortunately, a few Canadians never did get their heads covered; others are getting them out far enough to see what is going on. Their comments are very much to the point. "Nowhere in the world," says Mr. Meighen, "has more harm been done to any country by an exaggeration of its resources and potentialities than has been done in Canada'.

Jan 1, 1941