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By Roderick K. Davey

Introduction in any business, it is essential that we select those alternatives which are not only technically feasible, but will be the most profitable to the business m terms of corporate objectives Some of the studies and activities requiring support of financial analysis to select the alternatives which most closely satisfy the management objectives and technical considerations are as follows 1 ) Cutoff grade determination. 2) Ore reserve estimation. 3) Production forecasts (long- and short-term) for an operating mine, development of a new mine, or expansion of an existing mine. 4) Evaluation of haulage alternatives. 5) Evaluation of equipment.

Jan 1, 1979

By Lester Uren

Beginning with theoretical concepts of oil drainage, this paper demonstrates that the flow of petroleum into a well from a stratum of oil-saturated sand of uniform texture increases with the diameter of the well. This conclusion is supported by experimental evidence. It appears that if a well may be reamed to a diameter of 20 ft. within the oil sand, its production will be approximately doubled. A novel method is proposed for forming and supporting a cavity of such proportions within the oil-producing stratum. PETROLEUM occurs, in nature, as a fluid saturating the pore spaces between the grains of porous rocks or aggregations of rock particles such as sand, sandstone, conglomerate, shale, limestone, etc. The oil, under the influence of gas pressure, hydrostatic pressure, gravity, earth pressure, and, perhaps, other natural forces, is caused to flow through the porous "reservoir rock" into wells penetrating the stratum in which the oil occurs. The principal moving force is the pressure of dissolved or occluded natural gas within the oil, though this;, force is assisted by gravity and by the hydrostatic or buoyant pressure of ground water about the edges of the "pool." The wells, providing outlets to the surface, are centers of reduced pressure and the flow of rock fluids into a particular well is usually an expression of the difference in pressure existing between the space within the well and that of the stored oil .within the reservoir rock. The greater this differential pressure, the more rapidly will oil flow from the source rock into the well. Opposing movement of the oil from the reservoir rock into the well are certain natural forces related to the rock structure, such as pore friction and capillarity, and certain others related to the physical properties of the oil, such as viscosity and adhesion. The differential pressure between the well and the boundaries of the area drained by it must be sufficient to overcome the forces opposing flow if there is to be movement of oil into the well. If by any device the resistance to movement of the oil may be reduced, the oil will flow into the well at a more rapid rate and the effective area of drainage will be increased.

Jan 10, 1924

By Erkki Laurila

INVESTIGATION of the methods of analyses for magnetite and ilmenite in the Otanmäki iron-titanium ore and respective mill products has resulted in certain improvements in the methods conventionally employed. The outcome of the investigations is summarized as follows: 1-Development of a diamond-drill core analyser for the determination of magnetic susceptibility of drill cores containing magnetic minerals. 2-Development of a magnetite-ilmenite analyser for pulverized products. 3-Development of a potentiometric method of chemical analysis for the determination of iron, vanadium, and titanium in succeeding steps from one test sample. 4-Proposal for a continuous and automatic magnetite assay method.

Jan 9, 1951

By T. Y. Yan, W. F. Espewheid

The various ion exchange reactions occurring during restoration of formations contaminated with ammonia during in situ uranium leaching are reviewed. Data are presented on the restoration of a previously leached laboratory packed column wing lime saturated brine. Although this restoration fluid selectively and effectively removed the ammonia, 24.5 pore volumes are required to reduce the ammonia concentration from 500-3 mg/L (29- 0.18 gr per gal). The essence of NaCl in the restoration fluid at levels in formation water is beneficial in improving the selectivity of the system for NH4+ removal and reducing Ca + + ion consumption

Jan 1, 1984

J. E. Stead, Middlesborough, England (communication to the author): Prof. Howe's valuable paper on cast-iron brings forward most prominently the correct explanation of the part played by combined carbon in pearlite and cementite, in determining the strength and hardness of cast-iron. On a previous occasion I haveoshown that castings made by melting a white Cleveland iron and glazed iron, one containing 1.5 and the other from 4 to 5 per cent. of silicon, and each about 3 per cent. of carbon, were stronger than those made of ordinary foundry-iron; the difference in the final castings being a differ-

Jan 1, 1902

By C. W. Merrill

The price records of seven representative mineral commodities for the 68-year period 1890 through 1957 have been compiled and analyzed for significant trends. When these records are reduced to real prices in terms of dollars of constant purchasing power or to the purchasing power of industrial wages at average rates, a substantial overall fall in prices is revealed. This downtrend contradicts the widely held concept that heavy drafts on a mineral resource must lead to scarcity, reflected in rising prices. Three metals (aluminum, copper, and pig iron), two fuels (bituminous coal and petroleum), and two nonmetals (sulfur and cement) have been chosen because of their pre-eminence in their respective categories, their significance in an industrial economy, and the ready availability of their price records. It might be added that these seven commodities were selected before any price figures were compiled; none was selected or rejected to substantiate any preconceived notions as to price trends. The overall importance of the seven is demonstrated by the fact that, taken together, they composed over three-fourths of the value of all minerals produced in the U. S. in 1957. The first step in the analysis was to reduce the price records to a basis for significant comparisons. Two such comparisons have been made: 1) The quantities of each of the commodities that could have been purchased for an average hour's wage in each year, and 2) the unit price of each commodity through the years in terms of deflated dollars. These data are set forth in the accompanying table and two charts. The quantities of the mineral commodity purchasable with the average wage for one hour's work in all manufacturing industries through 1926 were based on annual average prices and on average annual wage rates determined by Paul H. Douglas and published in his "Real Wages in the United States, 1890-1926." The series was extended through 1957 by the Bureau of Labor Statistics, U. S. Department of Labor. Calculations based on these data show that the average worker could have purchased 1.28 lb of copper with his hourly wage in 1890, whereas his hourly wage would have purchased 8.11 lb in 1957, an increase of 633 pct in the 68-year period. An average hour's wage would have bought 10.85 gal of petroleum in 1890, compared with 33.04 gal in 1957. Even more spectacular is the increase in sulfur, of which 25.25 lb could have been purchased with the 1904 average hourly wage; 223.08 lb were purchasable with the wage in 1957—an increase of 883 pct. Comparable price data for sulfur are not available for years earlier than 1904. For every commodity, the calculations show an improvement in the wage earner's purchasing power in 1957 compared with the early years. Measuring purchasing power in terms of wages does not give an entirely fair picture of the availability of a commodity in an economy. When the efficiency of an economy changes and the balance shifts among such elements as raw-material production, manufacturing, and service trade, the economic significance of an hour's work changes. Partly to meet such criticism, but mostly to present another interesting measure of the response of minerals to changing market conditions, a second set of calculations has been made to deflate unit prices for the seven commodities into terms of 1954 dollars. To accomplish this adjustment to a common 1954 parity, the Gross National Product Price Deflator, developed by the Office of Business Economics, U. S. Department of Commerce, was used. Although the results of these calculations are not as striking as those based on labor's increasing purchasing power, nevertheless the declines outweigh the rises in the prices of the mineral commodities. In terms of these deflated prices, aluminum and sulfur are much cheaper today than in the early years; copper was substantially cheaper in 1957 than in 1890; pig iron and petroleum are little changed; and only bituminous coal and cement have increased substantially. Strangely, the two mineral commodities with the strongest reserve positions are the two to exhibit rising real prices. Now this apparent overall downtrend in prices has taken place during a period of almost fantastic increase in the demand for mineral products. The value of minerals consumed in the world during the period greatly exceeds all mineral consumption up to 1890. A stage has been reached in the U.S. in which 95 pct of the energy used is of mineral origin and in which machines, structures, roadways, communication facilities, and most other elements in the industrial economy are primarily of mineral origin. Even agricultural fertility is maintained, in large measure, by mineral fertilizers. A series published in Minerals Yearbook shows that the value of U. S. mineral products has risen from $615 million in 1890 to $18,000 million in 1957, a 29-fold increase. Even in deflated dollars, the increase has been eightfold, while population has expanded less than threefold. Not only are demands of the industrial nations— the U. S., countries of Western Europe, and Japan— increasing at rapid rates, but those countries with agrarian economies are calling themselves underdeveloped and clamoring to industrialize. The ever-expanding mineral requirements in the U. S. and throughout the world show no abatement. Mineral reserves frequently have been described as wasting assets. Much concern has been shown for future users, who have been pictured as finding themselves on a plundered planet. Conservationists have viewed the future with alarm and have demanded legislation and regulations to reduce the drain on mineral reserves.

Jan 1, 1960

[Trans. No. Place Date Vol. Page 1. Wilkes-Barre, Pa.*...May, '71.. 1 3 2. Bethlehem, Pa Aug., '71.. 1 10 3. Troy, N. Y Nov., '71, , 1 13 4. Phildelphia, Pa Feb., '72.. 1 17 5. New York, N. Y. May, '72 120 6. Pittsburgh, Pa Oct., 7. Boston, Mass Feb., '73.. 1 28 8. Philadelphia, Pa.* ... May, '73.. 2 3 9. Easton, Pa Oct., '73.. 2 7 10. New York, N. Y Feb., '74.. 2 11 11. St. Louis, Mo.* May, '74.. 3 3 12. Hazleton, Pa Oct., '74.. 3 8 13. New Haven, Conn.... Feb., '75.. 3 15]

Jan 1, 1940

By Alfred H. Brooks

The developments of the past five years have shown that Alaska, as a field for mining, stands in the first rank among the possessions of the United States. Its annual gold output is now about $8,000,000. It produces silver, copper and coal in commercial quantities and its recently discovered tin and petroleum promise to become important products. Concurrent with the gradual development of this wealth, the mining public has ceased to regard the territory simply as an arctic province where a few placer-miners struggle with adverse conditions to secure a grub-stake or a modest fortune. Of late years there has been a large influx of capital to investigate its mineral resources, but in its area of nearly 600,000 sq. miles there still remain large, unexploited and little-known fields. This work of investigation has been carried on under adverse conditions, and reflects credit on all who have shared in it, whether prospectors, mining engineers, or geologists. It is the purpose of this paper to outline briefly what has been, and is being, accomplished toward furthering the knowledge of Alaska's mineral wealth, and in this connection to present a brief history of the operations of the United States Geological Survey in the territory. A list of the publications of the Geological Survey, which pertain to Alaska, is presented as an appendix, in the hope that it may prove useful to those who are interested in the mining of this northern province. During the Russian occupation of Alaska, from 1783 to 1866, but little attempt was made to delineate its geographic features or to study its geology and mineral resources. The Russian-American Co., which long held control of the territory, was entirely absorbed in the exploitation of its fur trade,

Jan 1, 1905

By AIME AIME

IT is unlikely that any oil field has ever threatened the future course of the oil industry as does Kettleman today. It seems that nature has striven to outdo herself in combining in this field every possible factor conducive to a tremendous production of the petroleum product in greatest demand-gasoline. This field already has 13,700 acres of proved land and an oil zone of known thickness of 1400 ft. It has wells yielding several thousand barrels of oil of virtually motor fuel grade, together with millions of cubic feet of gas at almost unheard of pressures. The field would have been the. answer to an oil man's prayer in times of under-supply, but now it is the oil man's nightmare, for drilled in -the manner of most other fields and without regard to available markets for oil and gas, the greatest physical and economic losses in the his¬tory of the oil industry will result.

Jan 1, 1930

Arizona ROBERT E. TALLY, Chairman CARL E. ~IILLS, Secretary-treasurer, P. 0. Box 1462, Jerome. Ariz. W. S. BOYD THOMAS H. 0. O'BRIEN F. W. MACLENNAN Boston Meets first Monday each winter month GAL~N H. CLEVENG~, Chairman HOLCOMB J. BROWN, Vice-chairman F. I,EROY FOSTER Secretary-treasurer Room 8-219, Mass. lnst: of Tech., Cambridge Mass. A. E. WELLS H. A. WENTWORTH

Jan 1, 1928

By R. M. Stewart, C. W. MacQueen

Anaconda's Berkeley pit at Butte produces 34,000 tpd of ore averaging 0.8 pct copper. Two-and-one-half tons of waste is stripped per ton of ore, approximately 40,000 tpd by the company and an added 45,000 tons by the F&S Contracting Co. The company truck fleet consists of 24 Euclid and 18 Mack 34-ton, rear-dump diesel trucks.

Jan 7, 1961

By W. L. Saunders

When work was begun in September, 1910, on the rock excavation for the foundation of the gigantic dam at Valhalla, N. Y., which is to convert Kensico lake into an important storage reservoir of the Catskill Aqueduct system, one of the first steps taken by the contractor, H. S. Kerbaugh, Inc., was the development of a quarry to supply the stone needed in the

Jan 1, 1915

By AIME AIME

COUNCIL* PRESIDENT OF THE COUNCIL. JAMES F. KEMP NEW YORK, N. Y (Term expires February, 1913.) VICE-PRESIDENTS OF THE COUNCIL. S. B. CHRISTY BERKELEY, C; L.. R. V. NORRIS WILKES-BARRE, PA.. GARDNER F. WILLIAMS WASHINGTON, D. C.. (Term expires February, 1913.) KARL EILERS NEW YORK, N. Y.. WALDEMAR LINDGREN WASHINGTON; D. C.. BENJAMIN B. THAYER NEW YORK, N. Y. (Term expires February, 1914.)

Nov 1, 1912

MINING METHODS W. J. COULTER, Chairman P. B. BUCKY, Vice-Chairman CLYDE E. WEED, Vice-Chairman ROBERT S. PALMER, Secretary Alluvial Mining CLINTON BERNARD O. B. PERRY NORMAN CLEAVELAND C. M. ROMANOWITZ R. B. EARLING J. B. STAPLER BENERE H. GRANTCHARLES THURMAN Open-Cut Mining Iron. A. D. CHISHOLM EARL E. RUNNER G. E. DIEHL G. E. LEVEQUE P. G. HARRISON SIMPSON RICHEY W. A. STERLING

Jan 1, 1943

E. O'C. Acker '86 Truman H. Aldrich '78 Anson W. Allen '87 John H. Allen '84 W. Lawrence. Austin '82 W. S. Ayres '73 David Baker '86 John Henry Banks '83 Wm. de L. Benedict '83 Robert Bentley '84 Andrew A. Blair '75 Walter M. Brudie '72 Frederick Burbidge '87 H. H. Burden '83 Charles Butters '83 R. C. Canby '82 Arthur C. Carson '84

Jan 1, 1938

Coal Transport Via Pipe Line Claimed Feasible Moving coal via pipe line is a project proposed by the U. S. Bureau of Mines. A pipe line 100 miles long capable of transporting 5000 tons of coal a day with water could be built for about $10 million. The cost of moving the coal 100 miles would be between $1.28 and $2.01 a ton.

Jan 9, 1951

By W. J. Taylor

The discussion on my paper entitled "Experiments with a Straight or No-bosh Furnace," read at the Philadelphia Meeting, September, 1884 (Transactions, vol. xiii., p. 489), suggests the propriety of slipplementing it with another, giving my views as to the cause of the failure, which was so decided as to create surprise among furnace men. As then stated, the Chester (8. J.) furnace, which had been 60 feet high, and 13 feet in diameter at the bosh, was altered to an 8-foot bosh, with a 7-foot hearth, 7-foot stock-line, and 4-foot bell,

Jan 1, 1886

By Donald Towse

Geothermal energy can substitute for and compete with other fuels, but until now it has been used only in special situations where it costs much less than alternate fuels. Geothermal heat is expected to be developed where it can: (1) compete with alternate fuels, (2) replace scarce fuels, (3) be more environmentally acceptable, or (4) is especially adapted to local needs. Economic problems in development include the often high capital costs of wells and gathering systems and the long lead-times required for electric generating plants. The large investment and long payout times for large industrial uses adversely affect the economics.

Jan 1, 1977

By H. W. Mead, C. E. Birchenall

SELF-DIFFUSION of cobalt has been investigated by Ruder and Birchenall,1, 2 Nix and Jaumot,3 and Gruzin.4 The results for a given tem- perature differ by a factor of about six in the extreme cases with no really close agreement between any two sets of data. The first two groups of investigators employed the decrease of surface activity method. Since Ruder and Birchenall have shown that the values obtained from this method are sensitive to the surface preparation, it seemed desirable to perform a few check experiments by a method not open to this objection.

Jan 1, 1956

By N. A. D. Parlee, M. T. Utine

ThE kinetics of absorption of oxygen by induction-stirred liquid silver (at constant Po2 and T) has received some study here.''2 This paper describes a study of the kinetics of effusion (non-bubble-forming), and some additional work on absorption. A Sieverts type of apparatus was used. The kind of reaction tube assembly has been described.4 The same 25-kw, 450-kc induction unit was used as in earlier absorption work1'2 but the "coupling" was different. The runs were made under the following conditions: i) saturation at 1 atm, effusion at 0.81 atm;

Jan 1, 1969