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By A. J. Lynch

There are two factors which are important in the development of automatic control systems for mineral preparation and concentrating processes. They are the availability of accurate and reliable on-line measuring instruments and an understanding of the effects of important variables on process behaviour. The state of automatic control for the different processes depends on the progress which has been made in these areas and this varies considerably. This is illustrated by discussion of four processes, wet ball milling and hydraulic classification, wet autogenous milling, sulphide flotation and dense medium separation in coal preparation plants. In each case the process characteristics, current control practice and future developments are discussed. Particular problems which have delayed progress are discussed.

Jan 1, 1984

By J. N. Ong, J. P. Ratledge, J. H. Boyce

SINCE German operators opened the Tsumeb mine in the early 1900's, continuous operation has been interrupted only by enforced shutdowns during two world wars and the depression of the 1930's. Original metallurgical practice was blast furnace smelting. This was applicable only to low zinc ore, leaving large tonnages of high zinc ore to be stockpiled on the surface. A gravity concentrator using tables, buddles, and jigs operated for several years, but differential flotation of the ore did not get beyond the experimental stage. When the property was put up for sale by the South African Custodian of Enemy Property there was an estimated 434,000 tons of ore on surface dumps. The dump material, assaying 4.48 pct Cu, 15.8 pct Pb, and 10.9 pct Zn, had become highly oxidized during a stay of many years on the surface. But these dump ores had to be used in evaluating possible metallurgy because the shaft became flooded after the 1940 shutdown and underground ore was unavailable. Many companies examined Tsumeb but quickly lost enthusiasm because of the formidable metallurgical problems presented by the dump ore. However, on the basis of extensive test work, the present company decided that differential flotation would be successful and purchased the property after competitive bidding. Geology and Mineral Association is Complex The Tsumeb mine lies near the northern boundary of South West Africa at an altitude of 4200 ft. The village of Tsumeb is 335 air miles northeast of Wal-vis Bay, territorial port of entry. The orebody is a hydrothermal replacement deposit associated with an irregular intrusion of aplite cutting folded pre-Cambrian dolomite beds. In plan the deposit is a lens of 250x600 ft maximum dimensions. In section the orebody dips 55" south from the surface to 2000 ft, below which there is a reversal in dip to 75" north. Mineralization is localized in the aplite and in the adjoining brecciated dolomite. In the upper levels the ore is largely confined to a single lens, but below the 1890 level massive sulphide ore forms north and south lenses that partially enclose a pipelike body of medium to low grade disseminated ore, part of which is of too poor a grade to mine. Drilling below the 24th, or bottom level, has disclosed that a high percentage of the mineralization from the 3000 to 3300-ft horizons is comprised of copper and lead oxides. The deep oxidation may be local, since it appears due to circulating waters in a major fault cutting the orebody. Tsumeb ranks as one of the highest grade base metal deposits in the world. It is geologically and mineralogically famous for 41 copper, lead, zinc, vanadium, and germanium ore minerals, but its complex mineral assemblage is not attractive to metallurgists. In addition, there is a gradual change in oxidation intensity from the upper levels to the lowest level now operating, which is the 24th. This is well illustrated by the copper minerals. In the upper levels malachite and azurite are predominant, in the intermediate levels chalcocite, and in the lower levels tennantite. Throughout the mine there are sufficient heavy metal soluble salts to activate zinc, and large amounts of depressants are required even for so-called clean sulphide ores. When the same sulphide ore is exposed to prolonged oxidation aboveground, as was the case with the dump ores, reagent requirements become fantastic. Plant Construction First staff members arrived at Tsumeb in March 1947, and by May essential services had been restored and mine unwatering began. In 2 1/2 months company employees built a temporary jig and sorting plant for treating existing dumps to provide a saleable product during high metal prices. Meanwhile, concentrator design and construction was contracted to a South African firm, with subcon-

Jan 1, 1956

By Dale A. Augenstein, S. C. Sun

A primary concern in the solution of any solid waste disposal problem is the characterization of the material. In the past, available methodology for the determination of coal refuse characteristics has been severely limited by the inseparable combination of organic and inorganic matter of which the refuse is comprised. The recent development of an electronic, low temperature asher which removes the organic material without alteration of the inorganic constituents has opened new areas of coal and coal refuse research. This study deals with the development of methodology for the characterization of Pennsylvania anthracite refuse through utilization of the low temperature asher. Seven samples of anthracite refuse were examined for verification of the methodology developed and information concerning the characteristics of the refuse.

Jan 1, 1975

By Arthur Wilson, Frederick Carr

INTRODUCTION 1. The application of retreat longwall mining to the North American coal mining conditions is becoming more advantageous as more experience is gained. The productivity results being achieved and potential possible illustrates that this system can be keystone of future underground coal production. 2. In the American coal fields multi-entry is normally practiced as this allows profitable longwall development with existing equipment and systems. Difficulties are being experienced however in the longwall retreat phase by the collapse of multi-entry roadways and excessive use of supplemental support in the following panel tailgates. In some instances the headgate of an operating face can also be in difficulty. 3. Jim Walter Resources Mining Division is developed on a mining plan that calls for three retreat longwalls at each of its four deep mines which have varying depths of cover and immediate roof and floor conditions. The 63 Mine has experienced longwall entry difficulty and there were differing viewpoints with respect to the best development systems to adopt particularily regarding the number of entries and pillar sizes. In an attempt to reconcile these different points of view J.W.R. asked Dr. Wilson to examine the problem and this paper outlines the new approach developed.

Jan 1, 1983

By J. M. Johns

INTRODUCTION The Climax Mine is located on the continen¬tal divide, on Fremont Pass, about 145 Km south west of Denver, Colorado. Molybdenum, along with the by products, tungsten, tin, and pyrite are produced from both the open pit and under¬ground operations. The underground operation utilizes a panel caving mining system, and produces in excess of 27,000 mt per day. In the mid 1930's, the Climax mine began changing from a grizzly level layout to the slusher drift system which is still in use to¬ day. Over the years, the slusher drift layout has been refined to correct, improve, and sim¬plify minor operational problems. In common with most older hardrock mines, the development equipment used at Climax was the standard rail mounted, pneumatic mining machinery. This type of equipment remained in use, at least to some degree, until about four years ago. For production, 112 Kw electric slushers were used, while mine traffic was rail with trolley locomotives. Beginning about ten years ago, Climax began

Jan 1, 1981

By R. W. Prouty, R. T. Green

The object of this paper is to describe, as concisely as possible, the methods of sampling and ore estimating used at the Copper Queen Branch, Phelps Dodge Corpn., as applied to the Copper Queen mines at Bisbee, Ariz. Because of the difference in occurrence, manner of prospecting, and methods of mining, the sampling and estimating practice falls into two divisions: That for the underground operations, and that for the Sacramento Hill steam-shovel operations. The orebodies of the Warren district may be divided into three main classes: Replacements of limestone, replacements of porphyry, and replacements of contact breccia. The first class is more or less intimately related to porphyry intrusions, although in badly fractured country this relationship may not be well shown. These orebodies are mainly oxide and carbonate ore and very irregular, both in size and outline, although usually roughly lenticular and following the bedding of the limestones. There is usually quite a sharp boundary between the ore and waste in the carbonate and oxide orebodies and sampling is not necessary to determine the limits of commercial ore. In the sulfide orebodies, it is exceedingly difficult, without sampling, to determine the boundary between commercial ore and the surrounding low-grade or barren pyrite. Calculations made a few years ago showed that these orebodies had an average thickness of 35 ft, As some of the orebodies are from 100 to 300 ft. thick, it can be seen that the smaller ones form a difficult prospecting and estimating problem. In the replacements in porphyry, both underground and in Sacramento Hill, the boundary usually cannot be determined without sampling. There is a gradual decrease in value until barren material is reached; this gradation may occur within a short distance or it may extend for several yards.

Jan 1, 1925

By J. S. Aronofsky, J. P. Heller

This paper presents a mathematical analysis of the fluid mixing which occurs during flow through porous media. The analysis is based on the well-known diffusion equation with mass transfer term. It is pointed out that the use of this equation is justified by a single general assumption which does not specify any particular mechanism for the mixing process. Formulas are given for tracer fluid concentrations for two different boundary and initial conditions. Calculated numerical values compare closely with some published results of experiments in which no viscosity or density difference existed between displaced and displacing fluids. INTRODUCTION A phenomenological theory of the mixing and diffusion process is presented for the flow in a porous medium of two miscible liquids of equal viscosity and density. This is based on the classical diffusion equation which has been used to explain such processes as Brownian motion and heat conduction. More recently, this same differential equation has been derived (in a manner analogous to the work in this paper) for the problem of heat transfer during fluid flow in porous media.' The purpose of this paper is to show that the available experimental evidence justifies the use of this simple diffusion equation. The recent data of Koch and Slobod' and of von Rosenberg' are used to test this diffusion model by comparing concentration curve shapes and calculating "effective diffusion coefficients". The same differential equation for miscible displacement, as well as some experimental confirmation, has been published in Japan by K. Yuhara,4 and recently in this country by Day.5 Yuhara arrives at his con-clusions through analogy with turbulent diffusion, de- scribing the microscopic velocities in terms of "eddy motion" — although unlike the ordinary eddies of hydraulics. Day proceeds directly from Scheidegger's6 concept of the dispersion of velocities. After a very clear description of Scheidegger's theory, he applies it to calculate the motion first of a drop and then of a thin layer of brine into a bed of sand. For the latter case, Day derives and solves the same differential equation as Eq. 1. In our presentation no detailed assumptions are made as to the mechanism of displacement. In fact, several microscopic processes may well be involved—the only general assumption made is that their cumulative microscopic effect may be described by the addition of a second-order term to the differentirl equation of continuity. DERIVATION OF EQUATIONS Let us consider the displacement in one spatial dimension of Liquid A from a sample of porous media by Liquid B. A and B are assumed completely miscible and of the same viscosity and density. Both fluids are also assumed to be incompressible and it is specified that the total flow is the same for any cross section. It is evident that the rate at which Liquid B would be carried across such a section would be given by the product of the fluid velocity, u, and the concentration, C, of B in the fluid mixture assuming the constancy of u and C over the cross section. Since the volume of Fluid B is conserved, this leads to the one-way wave equation - u ?C/?x = ? ?C/?l where x increases in the direction of u—the "Darcy velocity", Q/A (or velocity flux per unit area), and 9 is the fractional porosity. Consider the case where fluid B is displacing Fluid A and the concentration distribution is represented by a step funcLon (with a vertical discontinuity). The solution of Eq. 1 predicts no mixing

Jan 1, 1958

By Roy Thomas

SOON after the Waelz plant for the fire concentration of low-grade zinc ores was put into operation in the early part of 1929 at Katowice, it was found that the conveyor equipment for transporting the hot residue from the furnace dust chambers was inadequate. Hand tram-ming with water cooling was used for a time, but that method was injurious to the workmen as well as costly. The problem was to find some practical mechanical means of conveying flue dust at temperatures of from 450° to 600° C. as it was drawn from the dust chambers. After considerable preliminary investigation it was decided to install pneu-matic equipment for conveying the hot materials to a central mixing plant, where it would be mixed with slime and from which it would be returned to the furnace feed hoppers. The first pneumatic equipment was installed in 1930, and has been in successful operation since that time. The pneumatic method of transportation has shown a considerable saving in operating costs over the former methods of dust handling and a decided improvement in working and hygienic conditions at the plant, through the elimination of the dust hazard. Additional pneumatic equipment was installed in 1933 for conveying the furnace fume from the baghouses to the roaster plant. At the same time pick-up lines were provided for collecting the cleanings from the vertical and horizontal cooling pipes that are between the furnace dust chambers and the baghouses. The latter installation has practically eliminated a dusty and costly hand-tramming operation.

Jan 1, 1939

By L. W. Kempf, K. R. VanHorn

PLASTIC deformation of most commercial metals within a sufficiently low temperature range results in profound changes in structure and properties, of which the causes and effects are not completely understood. One of these effects is the presence of internal residual stresses and strains, which ordinarily do not appear to require specific consideration in most structural applications but which may be quite undesirable in particular instances. For example, in heavy sections that require considerable machining before assembly, residual stresses may be undesirable because of the distortion they cause when their balance is disturbed by machining or otherwise. In addition, the distribution of stresses may be such that it acts in the same direction as the applied load, thus bringing about premature failure or reducing the load-carrying capacity of the member. One source of residual stress in metal structures is the plastic deformation that may occur during rapid cooling from relatively elevated temperatures, as in the cooling of a casting in the mold or the quenching of a heavy section from elevated temperatures during heat-treatment. These residual stresses are usually undesirable because their direction of operation and magnitude cannot be controlled well enough to permit utilization of the changes in properties of the metal that they may bring about. The most convenient manner of controlling such residual stress is by proper selection of the cooling rate or by reheating to a temperature at which plastic flow can take place, resulting in relief of the residual stresses and strains. Both of these methods of control, however, may cause a reduction in the optimum properties obtainable from the previous operation compromise must be struck, and if it is to result in the best possible combinations of properties, specific information must be available regarding the magnitude of the stresses and the rate at which they are affected by variations in cooling rate or in reheating temperature. The complete quantitative estimation of residual stress in complicated metal shapes is exceedingly difficult, if not impossible. In simple sections, however, relatively quantitative analysis may be applied and useful estimations of stress distribution may be made. This paper is concerned largely with the rate of relief, upon reheating, of internal residual stress in simple aluminum-alloy structures. Since even with simple structures quantitative estimation of residual stresses is laborious and costly, an attempt was made to find other means of collecting data upon which commercial heat-treatments might be based. Incidentally, a few data were collected bearing on the problem of relaxation of aluminum alloys. DETERMINATION OF RESIDUAL STRESSES The magnitude and distribution of residual stresses in simple aluminum-alloy shapes rapidly cooled from elevated temperatures has been discussed in a previous paper.1 Fig. I reproduces some of the data

Jan 1, 1941

By Gerhard Derge

A series of studies of the corrosion of tin is under way in the Metals Research Laboratory at the Carnegie Institute of Technology. The complete program includes examination of the corrosion properties of high-purity tin and the changes produced in these properties by the addition of varying amounts of alloying elements. Other studies of this subject have been made recently under the sponsorship of the International Tin Research and Development Council, but these researches have been confined largely to the weakly acid environments commonly encountered in the canning industry.' There is little information available regarding the corrosion of tin under alkaline conditions, but such data would be of value, for a large amount of the metal is used under such conditions. The potential measurements to be described were made because they seemed to offer the most rapid method for obtaining a general view of the conditions to be encountered in such service. These experiments will also serve to establish a technique that will be of value in further studies. It must be emphasized that the results reported are those of controlled laboratory experiments and that the conclusions drawn cannot yet be applied to service conditions; rather, they point to the directions in which more exhaustive experimental work may be done to best advantage. Experimental Procedure The first work was devoted entirely to the problem of obtaining reproducible results from a series of potential measurements. Only the methods finally adopted as standard will be described here, except when the variations from these have furnished results of interest. The cell used is shown schematically in Fig. 1. The electrolyte is contained in the vessel A (an inverted bell jar), whose ground top is fitted to the transite-board lid B. The controlled atmosphere can be admitted

Jan 1, 1938

By Gerhard Derge

A series of studies of the corrosion of tin is under way in the Metals Research Laboratory at the Carnegie Institute of Technology. The complete program includes examination of the corrosion properties of high-purity tin and the changes produced in these properties by the addition of varying amounts of alloying elements. Other studies of this subject have been made recently under the sponsorship of the International Tin Research and Development Council, but these researches have been confined largely to the weakly acid environments commonly encountered in the canning industry.' There is little information available regarding the corrosion of tin under alkaline conditions, but such data would be of value, for a large amount of the metal is used under such conditions. The potential measurements to be described were made because they seemed to offer the most rapid method for obtaining a general view of the conditions to be encountered in such service. These experiments will also serve to establish a technique that will be of value in further studies. It must be emphasized that the results reported are those of controlled laboratory experiments and that the conclusions drawn cannot yet be applied to service conditions; rather, they point to the directions in which more exhaustive experimental work may be done to best advantage. Experimental Procedure The first work was devoted entirely to the problem of obtaining reproducible results from a series of potential measurements. Only the methods finally adopted as standard will be described here, except when the variations from these have furnished results of interest. The cell used is shown schematically in Fig. 1. The electrolyte is contained in the vessel A (an inverted bell jar), whose ground top is fitted to the transite-board lid B. The controlled atmosphere can be admitted

Jan 1, 1938

By D. A. Kinneberg, J. W. Donaldson, N. J. Themelis

In the Kennecott Converter Smelting process (KCS), copper concentrate pellets are smelted and converted to high-grade matte in a modified Peirce-Smith converter using oxygen-enriched air and fuel. A high-grade matte bath is produced and maintained in the converter. Periodically, the slag layer is skimmed, slowly cooled, and its copper content is recovered by milling. Ladles of matte are transferred and finished to blister copper in another converter. The gases from the Kennecott Converter contain the SO2 products of the smelting and converting processes and can be treated in an acid plant, eliminating the problem of low-concentration gases associated with the operation of the reverberatory furnace. Pilot tests at Utah Copper Division were followed by a full-scale prototype converter test at the Chino Mines Division of Kennecott Copper Corporation. The concepts of the process and the results of this campaign are presented.

Jan 1, 1976

THERE is probably no phase of basic open-hearth steelmaking that is more of an art and less of a science than mold and pouring practice. It varies widely from plant to plant; consequently it is obviously impossible to set down in detail in this chapter the many ramifications of practice that are now used. The discussion that follows therefore attempts only to give an outline of the more common methods, with examples sufficient to indicate some of the variations in procedure, and to emphasize a few of the many underlying problems that face the open-hearth operator at the pouring platform. MOLD DESIGN Ingot molds are hollow castings of considerable wall thickness. Despite this, non-uniformity in wall thickness should be strictly avoided to prevent the setting up of unnecessary stresses. Molds are cast in various forms, sizes, and shapes depending on the type of steel, and on whether the ingot is to be withdrawn from the mold or the mold from the ingot. The selection of ingot-mold material, which is usually cupola or blast-furnace iron containing approximately 3.5 per cent carbon, 1 per cent silicon, 0.9 per cent manganese, 0.2 per cent phosphorus, and 0.07 per cent sulphur, is governed by numerous considerations that affect mold life. (1) Factors in addition to wall thickness that should be given primary consideration at the foundry are casting skin, shrinkage stresses, and casting temperature. Factors in Mold Design. In use, mold thickness is of greatest importance, for it must be heavy enough to freeze the molten metal rising in the mold and to reduce the temperature of the steel below that of the melting point of cast iron to prevent the inner surface of the mold from melting, which would result in the welding of the ingot to the mold. The skin of an ingot, which solidities immediately upon contact with the relatively cold walls of the mold, must soon become thick enough to contract on the fluid mass and pull away slightly from the sides of the mold. The separation of the ingot from the mold depends entirely on the heat taken up by the mold from the steel.

Jan 1, 1944

By Ben F. Dickerson

Mineral exploration programs have often experienced mismanagement in the decision-making process, and these errors have consequently resulted in stockholder losses. Unfortunately, the events leading to these errors are little known and rarely studied, since managers aren't prone to publicizing their mistakes. However, a bit of magnified hindsight may serve to identify some of the problems. It is interesting to note that there does not seem to be a generally agreed-upon definition of the role and function of exploration management. Several articles have addressed this subject, written by both academic and industry exploration personnel. Two apparent thought trends can be observed: First, the theoreticians insist that modern scientific management principles can be directly applied, without modification, to mineral exploration. However, when one searches for the rules, the proponents rapidly retreat behind the computers and talk learnedly of management information systems and game theory.

Jan 6, 1978

By J. R. Guard

Development of electrical power in coal mining has been an outstanding example of adaptbility. It has accommodated itself to new inventions, changing mining methods, increasing demands, increasing safety requirements and many other new conditions. With the appearance of the continuous miner in the mining machinery picture, those engineers interested in the application of electricity to mining have been thinking about what new comination of electrical apparatus will best suit this newcomer. It is the purpose of this paper to discuss the relative costs of supplying d-c versus a-c power to mining equipment with particular reference to continuous miner setups. Assume that a-c power will be delivered to the mine at some high voltage suitable for transmision to the various substation locations. Typical voltage for this purpose is 4000 volts. The problem then is to change the power to some kind of power suitable for driving the motors of mining equipment. For safety and other reasons the voltage to be delivered to the motor terminals must be under 600 volts.

Jan 6, 1950

By A. K. Csazar, L. W. Holm

This paper describes our investigation of a post-water-flood, oil recovery process which consists of injecting a slug of propane followed by water. Also described are the results obtained by applying a modification of the process in which gas was injected ahead of the water. Under the conditions of the latter experiments, misci-bility was not achieved between the propane and gas. Preliminary experiments or) uniform, watered-out sandstone cores showed that an oil bank could be formed and produced by applying this recovery process. However, since reservoirs are not uniform in structure, the process also was applied to porous media containing irregular porosity and to stratified sand systems. As a supplenzerrt to the experinlental work, a mathernatical procedure was developed for calculating the performance of the recovery process in a bounded, layered, porous system with crossflow between layers. As a specific example, the method was applied to predict the perforrnance of the recovery process in a 6-ft long, two-layer, stratified, unconsolidated sand model for comparison with experinlental data. The calculations were programed for the ZBM 704 computer. The equations and calcula-tional procedure presented can be extended to systems containing any number of randomly distributed permeability variations or any number of parallel layers. INTRODUCTION The problem of recovering the oil that remains in a reservoir which has been waterflooded is receiving considerable attention now as an increasing number of water floods reach an economic limit. A large number of the waterflood projects are in shallow reservoirs which are at pressures below 1,000 psi. It has been demonstrated in the laboratory that post-waterflood oil can be recover-ered by miscible displacement, but the LPG-gas, miscible flood and the enriched gas drive cannot be applied effectively at pressures below 1,000 psi. Only a few reports have appeared in the literature2-4 on low pressure, partially miscible recovery methods. However, it is possible to use LPG in a partially miscible displacement process in a reservoir where pressures of 200 to 1,000 psi can be achieved. Under these Pressures and at normal reservoir temperatures, propane is miscible with the oil; but, of course, gas or water used to drive the propane slug would not be miscible with the propane. Because of the lack of complete miscibility, it has generally been concluded that excessive amounts of propane would be required to recover oil and that such a recovery method would not be economical; however, we have found that under conditions present in certain reservoirs, an imrniscible recovery process can be applied effectively. The oil saturation in reservoirs at the economic limit of waterflood projects is usually in the range of 20 to 35 per cent of the pore space." A certain portion of this oil is left trapped by water in various size pores of the rock, but a good part of this so-called "residual" oil can be present in the less permeable lenses or layers of the reservoir rock which were by-passed to some degree by the water. The oil in these permeability traps can be produced only if favorable pressure gradients are formed in the reservoirs between adjacent zones of high and low permeabilities. A low viscosity liquid, miscible with the oil in place, which is driven by water through a stratified or heterogeneous porous system can aid in the development of these favorable pressure gradients. The oil that is released thereby from the permeability traps can be recovered by the subsequent water flood. Studies were made to determine how much oil could be recovered from homogeneous and stratified cores and models, which had been water flooded, by injecting a slug of propane and driving it with water. The effect of injecting a slug of gas ahead of the water was also determined. Most of the work described herein was done with the propane-water combination; unless otherwise specified, no gas was injected. The principal objectives of the investigation were to determine (1) if an oil bank could be formed and (2) what ratio of oil recovered to propane injected would be obtained. A further objective was to develop a method for calculating fluid-flow performance in stratified systems which would account for fluid transfer between zones in hydrodynamic communication but of different permeabilities. THEORETICAL ANALYSIS In a theoretical study of the recovery process, analytical expressions were derived to calculate the pressure distribution, the fluid flux in longitudinal (parallel to layers) and transversal (across the layers) directions, and the fluid distribution at any point in the system. The equations were developed for a two-layer porous system in which it was assumed that the fluids in the system were incompressible and that capillary and gravity effects were

By William L. Langdon

PRELIMINARY COMMENTS Recent years have been difficult for the mining industry, as reported in the most recently published Minerals Yearbook (Volume III), the estimated value of world crude mineral production has been generally declining since an historical peak in 1979 (16).* The costs of mineral extraction have, however, been rising rapidly. Individual project costs are, in general, exceeding the growth rate of mining companies, while operating and technical risks continue to increase (16). Risks resulting from currency flotation and political actions in the host country are also on the increase. Labor difficulties (such as those experienced by Phelps Dodge) and the Reagan Administration's recent rejection of a proposal by the International Trade Commission for higher tariffs and/or quotas on copper imports have also contributed to the mining industry's difficulties. The net result of these factors has been financial difficulties for mining companies with respect to paying for their current financial obligations as well as trouble finding new financing. It may be that one of the main factors in determining the future of the mining industry will be centered upon capital structure, i.e. how its assets are financed. Historical Perspective on Capital Structure In The Mining Industry As discussed by Isreal Borenstein in (4) and Thomas Navin in (7), mining firms typically have used a financial model based upon high financial leverage, i.e. large amounts of debt relative to equity. This has been especially true for American firms developing orebodies discovered overseas. Problems sometimes occurred for those who were forced to commit themselves to completion guarantees in order to obtain bank loans. Mines under these circumstances must be brought into operation regardless of market conditions. Politicians in overseas countries also may use the high profits required by these high risk ventures to argue for nationalization of mines. Coupled with the frequent use of high leverage, mining companies traditionally have paid out a higher percentage of earnings in the form of dividends than manufacturing firms. This is significant, in that such funds paid out in dividends are not available for other uses. Hence, a greater reliance upon debt and/or additional stock issues than would ordinarily be the case for manufacturing firms. Thomas Navin has stated in (7), that the theory behind the high dividend payout was that, "most mining investors thought of themselves as investing in a wasting asset, one that would gradually deplete over time until it ultimately became valueless." Investors, therefore, required a receipt, in the form of dividends, of a percentage of current earnings and a return on original capital. This view of reality, apparently, has not changed in some quarters, even though modern mine management ordinarily replaces depleted mines with new ones. It may be that this practice of high dividend payout coupled with relatively high financial leverage should be reexamined. Current capital structure theory could prove interesting and useful for those concerned with current conditions. Capital structure patterns and related practices in this industry are not, in many cases, congruent with those thought by some to be theoretically optimal. Prelude to Capital Structure Discussion With a few notable exceptions (such as the Guggenheims and Anaconda's chief operating,. officer in 1971) mining companies' chief executives and boards of directors have not been persons with financial backgrounds. This, one could conjecture, might have accounted for the relatively nonsophisticated nature of capital structures of mining companies. In order to appreciate the possibilities with respect to alternative influence on a firm's performance, one must be acquainted with the basics of financial theory. This paper is an attempt to familiarize the reader with (1) capital structure in general, (2) the usual components of this structure, (3) the general theory behind the use of financial leverage, and

Jan 1, 1985

By A. Donald Kelmers, Forest G. Seeley, B. Zane Egan

INTRODUCTION Coal ash, presently the fifth most abundant of the solid minerals produced in the United States, is expected to become the fourth most abundant by the end of this decade (1). The production of fly ash from the combustion of pulverized coal amounted to a total of 44 million metric tons (Mt) in 1977 and is expected to Increase to 91 Mt by 1985. Coal ash, which results from the Inorganic clay and mineral content of the coal, contains several elements and thus can be considered as a mined and crushed mineral resource rather than a waste material Furthermore, potential problems associated with fly-ash disposal ponds and the leaching of potentially hazardous elements through groundwater infiltration and/or rainfall provide additional incentive for processing fly ash for environ- mental control as well as for the recovery of certain metal values. Fly ash could provide an abundant domestic source of aluminum and several other metals Aluminum is now recovered from bauxite, and over 90% of this ore is imported since domestic sources are limited and cannot meet the U.S. demand There is a close relationship between the aluminum content of fly ash and the domestic consumption of this metal (Table 1).

Jan 1, 1981

By Vincent P. Gianella

THE most intense earthquake on the Pacific coast in the last several years, and probably the second most intense shock to occur in Nevada since it was settled, was felt in many Western States shortly after 10 p.m. on Dec. 20, 1932. Be- cause the rifted area contered about the northern end of Cedar Mountain it is referred to as the Cedar Mountain, Nevada, earthquake. An idea of the intensity of the shock may be gathered from the distance at which it was felt: in Wyoming, Utah, Idaho, Nevada, Washing- ton, Oregon, California and Arizona. It is the strongest quake centering in Nevada since the Pleasant Valley earthquake on Oct. 2, 1915. Despite the strength of the vibrations and the large area over which they were felt, relatively little damage was done. The extent of the damage consisted of a few old stone buildings demolished as shown in Fig. 1, much cracked and fallen plaster, many chimneys shaken down and considerable cracking of brick walls. There were no deaths and four people were but slightly injured. The small amount of damage was due, largely, to the scarcity of structures within the area of strong vibrations, but an important factor was the aridity of the region (see Fig. 2) and the shallowness of soil cover so that there was but little water-saturated loose material in which strong secondary vibrations could be formed. Had this earthquake occurred in a region of heavy precipitation and dense population the damage to property and loss of life would undoubtedly have been large, with consequently much more newspaper publicity.

Jan 1, 1933

By M. R. Tek, R. L. Nielsen

The scaling laws as formulated by Rapoport relate dynamically similar flow systems in porous media each involving two immiscible, incompressible fluids. A two-dimensional numerical technique for solving the differential equations describing systems of this type has been employed to assess the practical value of the scaling laws in light of the virtually unscalable nature of relative permeability and capillary pressure curves and boundary conditions. Two hypothetical systems — a gas reservoir subject to water drive and the laboratory scaled model of that reservoir — were investigated with emphasis placed on water coning near a production well. Comparison of the computed behavior of these par ticular systems shows that water coning in the reservoir would be more severe than one would expect from an experimental study of a laboratory model scaled within practical limits to the reservoir system. This paper also presents modifications of the scaling laws which are available for systems that can be described adequately in two-dimensional Cartesian coordinates. INTRODUCTION Present day digital computing equipment and methods of numerical analysis allow realistic and quantitative studies to be carried out for many two-phase flow systems in porous media. Before these tools became available the anticipated behavior of systems of this type could be inferred only from analytical solutions of simplified mathematical models or from experimental studies performed on laboratory models. To reproduce the behavior of a reservoir system on the laboratory scale, certain relationships must be satisfied between physical and geometric properties of the reservoir and laboratory systems. Where the reservoir fluids may be considered as two immiscible and incompressible phases, the necessary relationships have been formulated by Rapoportl and others.2-5 Rapoport's scaling laws follow from inspectional analysis of the differential equation describing phase saturation distribution in such systems. It will be recalled that these scaling laws presuppose three conditions: (1) the relative permeability curves must be identical for the model and prototype; (2) the capillary pressure curve (function of phase saturation) for the model must be linearly related to that of the prototype; and (3) boundary conditions imposed on the model must duplicate those existing at the boundaries of the prototype. These three requirements seldom if ever can be satisfied in scaling an actual reservoir to the laboratory system because: (1) The laboratory medium normally will be unconsolidated (glass beads or sand) while the reservoir usually is consolidated. Relative permeability and capillary pressure curves are usually quite different for consolidated and unconsolidated porous media. (2) The reservoir usually will be surrounded by a large aquifer which could be simulated in the laboratory only to a limited extent. (3) Wells present in the reservoir would scale to microscopic dimensions in the laboratory if geometric similarity is to be maintained. In view of these considerations, rigorous scaling of even a totally defined reservoir probably would never be possible. The purpose of this paper is to assess the practical value of the scaling laws in the light of the unscalable variables. This has been done by carrying out numerical solutions in two dimensions to the differential equations describing the flow of two immiscible, incompressible fluids in porous media for a field scale reservoir and a laboratory model of that reservoir. While both the reservoir and the laboratory model were purely fictional, each has been made as realistic and representative as possible. The field problem selected as the basis for the investigation was an inhomogeneous, layered gas reservoir initially at capillary gravitational equilibrium and subsequently produced in the presence of water drive. The laboratory model of this reservoir was designed to utilize oil and water in a glass bead pack. The numerical treatment employed was similar to that of Douglas, Peaceman and Rachford6 and it included both capillary and gravitational forces as