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By George H. K. Schenck

The investment analysis methods that are most generally accepted in the mineral industries in the mid-80's are presented along with their advantages and disadvantages. Also covered are current widely-used practices for introducing the uncertain nature of most of the important variables in an investment analysis, which is contrasted to the former dominance of deterministic analysis. Finally, the discussion turns to current practice for handling the two critical areas: cost of capital and inflation. The advice contained is reinforced with data from a survey of current practices in the petroleum industry.

Jan 1, 1985

By Stephen E. Erickson, Donald G. Oss

The need for instrumentation and automatic control of the various parameters in the heavy media process of iron ore beneficiation has been apparent for some time. Continued demands for higher grade, competitive products from the Mesabi Range have made it necessary to increase the efficiency of the process in every possible way. In a typical heavy media flow scheme for iron ore beneficiation (Fig. 1) a sized, prepared feed (generally about minus 1 ¼ in. to plus ¼ in.) is fed to a heavy media separatory vessel, along with a ferrosilicon slurry. A separation of the feed is made on the basis of specific gravity. Low density particles overflow a tailings discharge weir, while high density ore particles sink to the bottom of the high density pool and are moved away to the concentrate discharge chute.

Jan 5, 1962

By C. B. Gillson, Henry Fay

For several years past, investigations on the chemistry of tellurium have been carried on in the laboratory of this institution. The methods of preparation of pure telluriumf and the estimation of tellurium‡ have been studied, and an attempt to determine the atomic weight of tellurium is now in progress. All these problems had been investigated, however, along purely theoretical lines; and it was thought desirable to study the more practical application of the metal, which can now be had in considerable quantities as a waste product in the refining of copper-ores. In its physical and chemical properties tellurium is very similar to antimony, and it was thought

Jan 1, 1902

By N. S. Parate

Detailed analysis is given of the influence of water on the strength of limestone. The mechanism involved in strength reduction is described. Such analysis is of importance in geological, civil, constructional, mining, and metallurgical engineering and is closely associated with the rock mechanics involved in these areas. Mine dumping, slope stability, excavations, sedimentation, etc., are very much affected by the presence of water. Tensile stresses, which have an important role in the development and propagation of fissures, are produced by water in cracks. The development of fissures can be responsible over a long period of time for an ultimate, catastrophic failure.

Jan 1, 1974

By F. W. Gibson

A detailed description of the smelting and refining operations of the Amax-Homestake Lead Toller's smelter at Buick, Missouri. This is one of two completely new lead smelting and refining operations to go into operation in the United States in over forty years. Incorporated into the operation are the new methods and equipment which have been developed and lend themselves to the particular metallurgy of this plant. The text, as well as the statistical data presented, represent actual current practice after 22 months of operation, and although the metallurgy is considered to be relatively simple, several metallurgical problems unique to Missouri concentrates are discussed.

Jan 1, 1970

By Marcel Schlumberger

The electrical methods for surface-prospecting have been well developed in the last 20 years. The method involves, in the classic form, the sending of an electrical current into the soil, by means of two electrodes A and B, and studying the potential distribution at the surface, by measuring the difference of potential between pairs of points such as M and N. The points M and N are usually placed on a line between, and equidistant from, A and B. By increasing the distance AB, the current sent into the Earth, and likewise the distribution of surface-potentials, become influenced by regions of greater and greater depth below the surface. By varying the form and dimensions of the electrode-arrangements AMNB, called a "quadripole," one may make valuable deductions concerning the nature or thickness of beds, if one knows the electrical properties of these beds. On the other hand, if the form and dimensions of the electrodes AMNB remain fixed, the depth of penetration of currents in the Earth remains, so to speak, almost constant, although it tends to increase where the subsoil is more conductive, and conversely. Therefore, if one moves the constant-dimension quadripole over all the terrain to be Investigated, one achieves approximately a horizontal exploration. This permits a study of tilted beds or faulted horizon-tal beds. When the particular problem becomes deep, of the order of 2000 meters, or more, it is ne-cessary to Increase the distance between the current-sources AB to a length such that the work 'comes very troublesome, especially if the region is wooded. At the same time, the separation the points M and N must be likewise great (for example, one km) in order to obtain differences potential which are not too small; the measurement of potential differences across MN is then difficult because of the presence of parasitic potentials, due to a flow of telluric currents in fourth, and the order of greatness of these currents may exceed the quantities to be measured.

Jan 1, 1940

By T. A. Rickard

In a former paper* the writer has described the essential features of the general geology of the Cripple Creek region. In the present account it is intended to examine into the occurrence of the ores, the value of which has made this district the most important among existing American gold-fields. The production of Cripple Creek from its discovery, in 1891, to the close of 1901, has reached a valuation of fully $125,000,000. During the past year (1901) the output amounted to $17,285,470. In 1900 it was $18,174,681. The first discoveries, which led to the development of the district, were made in the spring of 1891, but it was not until 1893 that vigorous work was commenced. A great impetus was then given to the exploration for gold on account, of the sudden drop in the market-price of silver, caused by the closing of the Indian mints in the summer of that year. This induced an energetic population from the older silvermining camps of Colorado to go to the new gold-field, which was then beginning to attract attention. Prospecting, at first, was hindered by the comparative absence of outcrops, due to the fact that the surface of the hills is covered with a considerable thickness of shattered rock, resulting from the action of frost at a high altitude; but so much indiscriminate digging was done that a number of rich veins were uncovered, and this stimulated the search for others. The advanced condition of the mining industry of Colorado offered unusual facilities for exploration and reduction; progress was therefore rapid, with the result that the district soon achieved great prominence.

Jan 1, 1903

By Donald Cummings

MEASURES appropriate for the control of the silicosis hazard in mining cannot be formulated precisely, but sufficient knowledge1-19 has accumu-lated during the past quarter century to permit the suggestion of useful, though partly empirical, rules for its alleviation. The industrial hygienist today recognizes that the peril incurred by the inhalation of harmful dust is a function of two variable factors-the degree of harmful exposure and the specific susceptibility of the exposed individual to pulmonary injury. Con-trol of the danger arising out of prolonged contact with pernicious air-borne particulate matter is consequently best exercised by influencing both of these recognized variables. Obviously the problem has two broad aspects-one, medical; the other within the province of the engineer.

Jan 1, 1938

BECAUSE you cannot always proceed by the ordinary pathway since you sometimes find yourself in a place where you cannot have all that you might need or wish, it often happens that it is necessary to know how to recognize and understand your materials well, in addition to having them well disposed, and to know how to use your, ingenuity in arranging a mould., Furthermore, things have a great diversity among themselves, and it is not possible to give a particular rule for all. But if you have a certain broad fundamental knowledge when you have need of many things, the ingenuity awakens and supplies its needs by imitation. Now, because I have thought that you had not hitherto had the slightest shadow of knowledge of what I have described in this treatise of mine, I have expanded and narrated things in greater detail than perhaps I might have done. For this reason I have also decided that I wish to tell you of several methods that can be used if you wish to mould, especially in making an intaglio* for a relief, t or in making another intaglio in bronze from either an intaglio or a relief. And I will tell how every relief reduces, itself from convex to concave and also how the relief is made from the intaglio. These works are first made of plaster or pastes or some other liquid thing that is soft when moulded and becomes hard either by drying out with heat or by shrinking with cold, such as tragacanth, plaster of Paris, sulphur, lead, wax, or similar things. And, in conclusion, we describe the method of making an intaglio from a solid. In making an intaglio you must first consider whether it is a large or small thing, figure or foliage, whether it is in demi- or bas-relief, and whether it is a thing that projects from the mould wholly or in part.

Jan 1, 1942

By Thomas A. Edison, John Birkinbine

The Transactions already contain many valuable papers on the subject of ore-concentration, but with reference more to the treatment of other ores than those of iron. In this country much money, labor and thought have been devoted to the enrichment of iron-ores by roasting to drive off sulphur and carbonic acid, eliminate water, or make the ore more friable, and by washing and screening to remove the clay and sand from earthy ores. In concentrating magnetites and hematites more has been done than is generally believed; but, unfortunately, the results up to the present time have not been encouraging. On the contrary, so many attempts have proved unsatisfactory that any system of concentration is now unjustly looked upon with doubt, and the problem presented to individual mines must therefore be approached with caution. For many years the magnetites of the Adirondack region of New York State have been roasted, reduced to proper size by means of gang-stamps, and jigged on screens in water. Latterly plunger-jigs and rotary-jigs have been introduced, and in some places crushers and rolls have taken the place of stamps. In one instance in that region a plant for reducing the ore by crushers and rolls and separating it by magnetism was put up to treat a titaniferous ore; but, the titanium occurring as ilmenite, the result was unsatisfactory, and the plant is now being reconstructed at another mine, where apatite and silica are to be separated from the magnetite. A large concentrating works was erected at Negaunee, Michigan, in the Marquette region, Lake Superior, to enrich the leaner specular ores. This consisted of crushers, Cornish rolls and rotary-jigs. The results ohtained weye not satisfactory, and it has been abandoned. Another plan to treat the lean magnetites from a large dump-pile at Republic, Michigan, by means of pulverizers and water-jigs also

Jan 1, 1889

By Paul Cook

THE ore deposit of the Buckhorn Mines Co., Buckhorn, Nev., is peculiar in being a shallow kaolinized mass of material with basalt walls, and having apparently no direct connection with any of the usual gold-bearing rocks. The average ore contains 16 per cent. waiter of hydration, and the cyaniding of this hydrous clayey material offered unusual difficulties as compared with the typical gold quartz ores of Nevada. The orebody was thoroughly developed; then the mill was built according to the latest cyanide .practice, with such changes as were thought to be demanded by the peculiar nature of this ore. Upon starting the mill, the ore proved more difficult to handle than had been anticipated. It is hoped that an account of how these difficulties were met may prove of interest to anyone having a clayey ore to handle and to the profession in general.

Jan 9, 1916

By Waldermar Lindgren

[The observations here presented were made during a short visit at Calico, in December, 1886. The accompanying map, which does not claim to be more than a careful sketch, is based on the position of a few mines obtained from Mr. F. Lewis, at Calico, and the plats in the Land Office with the patented claims. Only a few claims are shown by their boundary lines: as usual in mining districts, there is an enormous number of them, often conflicting or overlapping, the correct mapping of which would be useless for the present purpose. The rest of the topography and the drainage are mapped from sketches, aided by compass and aneroid. The elevations are taken from Daggett as base, the altitude of this station being determined by the railroad to be 2000 feet.] Until a few years ago the product of silver in California was of little importance, compared with that of gold, and often fell short of $1,000,000, the only noteworthy counties being Mono, Inyo and San Bernardino. About 1881, however, important discoveries were made in the deserts of San Bernardino, and the remarkable increase in the production may be seen from the following figures, taken from the Reports of the Director of the Mint: Silver Production of California. Of San Bernardino Co. 1883,. .. $1,460,000 $1,050,050 1884,. .. 3,000,000 2,550,000 1885,. .. 2,568,036 2,363,436 By far the largest portion of the product of San Bernardino is derived from the district surrounding Calico, although the success there has also given fresh stimulus to prospecting and mining in other parts of the county. San Bernardino borders towards the east on Nevada and Arizona, towards the south on San Diego County, California. Topographically, as well as geologically, the largest part of it belongs to the Great Basin. Broad shallow lake-beds or valleys with an elevation of 2000 to 3000 feet, are separated by low mountain chains and

Jan 1, 1887

By R. J. Wysor

SINCE the outbreak of the European war, few problems of raw-material supply have commanded more nation-wide attention than potash. It is well known that before the war the domestic production of potash was an insignificant percentage of the imports. The average annual importation of raw potash salts for several years prior to 1914 was slightly over 300,000 net tons, and f other potash manure salts about 700,0000 tons. The sudden and almost total cessation f these imports created a unique and stringent situation. Methods of recovering potash from feldspar and other native mineral sources, and reclamation from hitherto waste products, have received a marked impetus. Soaring prices have been a keen-incentive to research and industrial development. Although several brief articles concerning the possibilities of potash recovery have appeared in recent trade journals, it still may be a matter of some surprise to the average technical mind that potash might be reclaimed as a profitable byproduct in the manufacture of pig iron. At the present time it may be of special interest to present some data, largely of a technical nature, on this subject. A fairly thorough search of the literature reveals a number of articles concerning salts of the alkali metals in the blast furnace. Many of them deal with the-theoretical role f alkali cyanides in the furnace. Several discuss the, probable effect of the alkalies on the furnace brickwork. Two or three ambitious patents have been granted for reclaiming potash or other products from blast-furnace gas. However, we have heard nothing further as to the practical application of these patents. Little literature of importance has appeared during the last 10 years concerning alkalies in blast-furnace practice, and I have discovered no record whatsoever as to the actual sale or commercial disposal f flue dust for its , potash content until this was inaugurated in our plant at Bethlehem. A bibliography of the most important articles discovered is appended.

Jan 1, 1917

By F. R. Jones

T Tahawus, N. Y., National Lead Co. operates the MacIntyre development. Here the world's largest titanium mine produces 5200 long tons of ore per day and pours 8000 long tons of waste rock over its dumps. Concentrated ilmenite is sent by rail to National Lead Co. pigment plants, and a second product, magnetite, is sold to steel producers in raw form or is agglomerated and shipped as sinter. Several earlier attempts had been made to produce iron from the deposits, which have been known since 1826. These attempts failed, chiefly because of titanium impurity. In 1941 the present owners re-established the operation for production of war-scarce ilmenite, and the impurity became the main product.

May 1, 1956

INTRODUCTION The geology of porphyry copper deposits in the southern Cordilleran orogen is the subject of this chapter. The area considered extends northwest from southern Mexico to the Columbia volcanic plateau, the Cascade volcanic province, and the Idaho batholith. Transversely it is a belt some 800 km (500 miles) in width bounded on the west by the Sierra Nevada range. Included within this area are many large segments considered unfavorable for hosting porphyry copper deposits, which are mentioned in the text. The region and its porphyry copper deposits have probably been more intensely studied and reported in the literature than any other area in the world. This summary considers regional geologic controls that governed formation of porphyry copper deposits within this province. Geologic factors that influenced the mineralogy and metallogeny of the deposits are also examined. Discussions with H. R. Cornwall have greatly helped in writing this section. GEOLOGIC SETTING The geologic setting has been summarized by Anderson (1966), Burchfiel and Davis (1972), Rogers, et al. (1974), and Lowell (1974). No porphyry copper deposits in this area are known to be pre-Triassic, so Mesozoic and Tertiary events will be stressed. Figs. 40 and 41 show basic data believed most pertinent to the topic of porphyry copper deposits. Pre-Middle Jurassic: Figs. 40 and 41 contain the principal structural and crustal ele¬ments found in the Cordilleran orogen after Anderson (1966), Schmitt (1966), Coney (1972), Rogers, et al. (1974), and Lowell (1974, 1976), together with location of some of the more important porphyry copper deposits. The western limit of the Precambrian craton is shown in Fig. 40 (Rogers, et al., 1974). East of that limit the crustal environment through which the porphyry copper plutons ascended includes the Precambrian basement as well as varying thicknesses of Paleozoic shelf and platform accumulations. The northwestern and western portion of the southern Cordilleran orogen west of the Rogers, et al. (1974) limit of Precambrian basement has what Churkin (1974) calls a thin continental crust. Brooks (1976) and Churkin (1974) describe oceanic volcanic

Jan 1, 1978

PRESENTATION of the 1922 Washington Award to Capt. Robert W. Hunt, honorary member and twice president of the Institute, was made at the annual dinner of the Western Society of Engineers, in Chicago, on June 18, 1923, in the presence of 250 mem-bers and guests. W. L. Abbott, Chairman of the Award Commission, when delivering the presentation address, said The life of the Govern-ment of this country, as the lives of governments are usually measured, is short, barely 150 years, but meas-ured by what it has accom-plished, this country has reached a venerable age. The first 75 years of our country's existence were necessarily preparatory to the greater developments which came in the second, and that last half of our country's existence is ex-ceeded, by ten years, by the span of life of our honored guest. "Very little iron and steel were produced in this coun-try until after the birth of Robert W. Hunt. And it was not until after 1860, when as a boy of 21 he joined his fortunes with those of the Cambria Iron Works, that the iron and steel business of the country really took root. After a year or two with the Cambria Works, he left a promising position to go into the army, where he served for four years. After the close of the war he returned to the iron works and qualified himself as a metallurgical chemist.

Jan 7, 1923

By J. H. Frye, J. W. Caum

ONE of the most important methods of increasing the hardness of metals is alloying. In spite of the widespread use of alloys, the fundamental mechanism of alloy hardening is little understood. This is true even of the simplest form of alloy, the primary substitutional solid solution in which solute atoms substitute for solvent atoms at random in the crystal lattice of the latter. A fundamental understanding of the mechanism of solid-solution hardening would be important, both because of the widespread use of alloys of this type and because of the light that might be thrown on the mechanism of hardening in more complicated alloys. The present investigation covers the hardness of primary substitutional solid solutions of zinc, gallium,, germanium; and arsenic in copper. All of these are B subgroup elements from the third period of the periodic table. Cu, Zn, Ga, Ge, and As are in groups I, II, III, IV, and V, respectively and lie just to the right of the transition elements. Because of their cost, it is unlikely that Ga-Cu and Ge-Cu solutions will ever be of commercial importance, but the intent of this study has been to discover some of the fundamentals of solid-solution hardening and it has been demonstrated that such a study is far more likely to be fruitful if alloys are made up on the basis of position of the constituent elements in the periodic table than if commercially important alloys are used. Many investigations have. been made of the hardness of substitutional solid solutions, but lack of attention to purity of the metals, infrequent grain-size control, and the use of varying testing techniques have virtually invalidated any comparisons. The purpose of most investigations has been to solve immediate problems and not to solve the primary problem: Why do solid solutions usually have a greater hardness than pure metals? PREVIOUS WORK Theories have been advanced to account for the hardness of solid solutions,, but relatively little experimental work has been done. Perhaps the first experimental work of merit was that of Norbury1 on copper alloys. He showed that for several alloys there was a correspondence between the hardness of one atomic per cent solutions and atomic volume of the solutions. More recently Brick, Martin, and Angier2 have investigated the effect of various solute elements on the hardness of copper. They concluded that the hardening effect of these solutes depended "primarily on the difference in atomic volume of solute and solvent or, relatedly, upon the parameter, change of the solvent or the extent of solid solubility." They also observed the effect of these elements on hardness and texture developed by rolling and by annealing of rolled material. Austin3 examined the hardness and response to heat-treatment of various iron solid solutions. Frye and Hume-Rothery4 measured the hardness of a number of silver solid solutions containing approximately

Jan 1, 1943

By Arthur Taggart

FOREWORD THE tests herein described are part of an extended series of experiments, performed by the authors together with J. F. McClelland and L. W. Bahney, on the reclamation of metallics from foundry and manufacturing-plant scrap. The most obstinate problem encountered was the proper cleaning of the metal. INTRODUCTION In the manufacture of brass and brass products the weight of the finished product leaving the plant is much less than the total weight of copper and zinc entering. A small part of this discrepancy is due to the unavoidable oxidation of the metals in melting, but by far the largest part of the loss is in the form of metallic particles of copper, zinc, and brass. These losses occur principally at three points in the process: (a) in the casting-shop ashes; (b) in the slags from furnaces melting scrap brass; (c) in material spilled on the floor throughout the manufacturing process. The amount of these products in some plants is nearly 100 tons per 24 hours. Casting-shop ashes contain the metal spilled from the crucibles during melting and pouring, and the metal included in the slags formed in the melting process. The ashes also contain pieces of broken crucibles with adhering metal; 20 to 30 per cent. of unburned coal is also present. The metal in casting-shop ashes contains clean pieces of zinc or copper ingots weighing 1 to 2 lb., jagged pieces of metal of all shapes ranging in size from several inches down to the finest dust, and shot and botryoidal shapes ranging in size from 2 or 3 in. down to 0.01 mm. or less in diameter. Slags from furnaces melting scrap brass contain metal in the form of small shot.

Jan 2, 1916

By Richard H. Zinszer

APPLICATION of electric logs has been used in correlation of subsurface structure to determine the size and shape of the oil reservoir. [ ] Such a knowledge is hardly complete until saturation and productivity are determined for the various horizons. It is difficult to use electric logs successfully for this purpose because of the many factors that influence the curves. In this work an effort was made to establish an empirical correlation between formation resistivity for a series of electric-log curves and water saturation and oil productivity of sand. Electric logs were obtained by recording with 10 different electrode spacings through the same interval of a well. In the analysis of these curves all factors except two, a dependent and independent variable, were held constant. The interval studied had been cored and a large number of samples were analyzed in the core laboratory in order to compare the values of permeability and saturation with the measured values of formation resistivity. Results of this analysis indicate: (I) the depth to which mud filtrate enters a sand body, (2) a correlation between permeability and sand resistivity for shallow penetration depths, and (3) that the water saturation for an oil sand can be determined from the measured sand resistivity after making suitable correc- [ ] tions for sand thickness. The proceduer in the last method depends on a correction for thickness factor and a theoretical curve. The accuracy of the theoretical curve is now being tested in the laboratory.

Jan 1, 1944

By Howard W. Miller, Charles R. L. Oder

APPROXIMATELY 5000 tons of zinc ore a day was mined during 1943 in the Mascot-Jefferson City district in East Tennessee. This ore came from the Kingsport formation, a part of the Knox dolomite, of Ordovician age. The Kingsport is composed of 350 to 400 ft. of limestone and dolomite. Thin cherts, sandy layers and shales are numerous. Frequently, the limestones are altered to crystalline dolomite. The Kingsport is divisible into four main lithologic zones. These divisions are illustrated in an accompanying table, which gives detailed sections of the ore-bearing beds as found in the mines and shows the exact positions of the various ore zones within the formation. Key beds are described and the practical applications of stratigraphy in mapping, prospecting and mining are discussed.

Jan 1, 1945