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By P. A. Studemeister

"A trondhjemite stock intrudes a volcanic sequence that has massive sulphide lenses and that is metamorphosed to the greenschist facies at Gutcher Lake, 25 km north of Wawa, Ontario. The stock is 4 km2 in plan and is partly enveloped by an aureole of chlorite-epidote-amphibolehornfels up to 1 km wide. Within this contact aureole, biotite is partly pseudomorphosed by chlorite;epidote and hornblende are mottled by chlorite, calcite, plus quartz; albite has 0% An to 8% An; and hornblende porphyroblasts have actinolite rims. The stock has chlorite pseudomorphous after biotite; and feldspar is mottled by white mica plus calcite and has a clear rim of albite. Fractures filled with quartz, calcite, ankerite, chlorite, white mica, pyrite, and native gold cross-cut the stock and its hornfels aureole. These gold-bearing veins are enveloped by foliated rocks with quartz, calcite, white mica, and chlorite that grade outward from the veins into trondhjemite or hornfels.The stock, emplaced into a submarine volcanic series, emanated heat that caused seawater to convect and formed a contact aureole of hornblende hornfels. The stock eventually intruded its aureole and this culminated with regional metamorphism to the greenschist facies. Regional metamorphism hydrated the stock and its hornfels aureole. Native gold precipitated with quartz along fractures from metamorphic flu ids in response to cooling and wallrock hydration. exploration for this type of gold deposits should focus around felsic intrusions that have albite and that have contact aureoles retrograded by regional metamorphism."

Jan 1, 1985

By Noko S. Phala

The energetics of CO and CO2 hydrogenation to methanol were studied on a gold surface via periodic and cluster DFT calculations. CO hydrogenation appears to be much easier than CO2 hydrogenation on an Au(111) surface. The use of a cluster model does not seem to improve the energetics of CO2 hydrogenation. It is concluded that an active support (e.g. ZnO) will be required to increase the productivity of a gold surface towards synthesis gas conversion. The energetics of CO and H2 adsorption are improved on the cluster model compared to a slab model of an Au(111) surface, suggesting that nanosized gold particles may be beneficial in CO hydrogenation.

Oct 1, 2003

By Aldin Ardian, Mustafa Kumral, Jagjit Singh

Risk assessment of mining projects is a requirement in the mineral industries. In this process, many risk variables are timedependent, and the only available data are historical time series. Moreover, in the case of a multivariate scenario, conventional forecasting methods fail to capture conditional dependency across the variables, which is important when there is an underlying causal relationship that needs to be modeled for accurate project evaluation. Thus, we investigated the use of copulas to capture the conditional distribution of the factors involved in a mine risk assessment study. We employed a multivariate copula-based time-series approach to model several uncertain variables. The Autoregressive Fractionally Integrated Moving Average - Generalized Autoregressive Conditional Heteroscedasticity (ARFIMA-GARCH) model was used for the conditional mean and copulas were used to model the error distribution, thus capturing the collective variation and dependence pattern across the variables. The method was implemented to model gold prices, copper prices, and the 10-year US Treasury bond yields and to determine the project’s net present value and probability of being economically feasible. The proposed approach can be used for cases where simulation of multivariate time-series is conducted.

Apr 13, 2021

By Yves Breau, François Robichaud, Jacques McMullen, Pierre Pelletie

"The Expert System implemented at the East-Malartic mill controls a copper flotation circuit while taking into account the profitability of the operation. Treating a copper gold ore, the flow sheet integrates a flotation step followed by cyanide leach circuit. The Expert System calculates the actual net smelter revenue of the flotation circuit, accounts for the operating cost of the cyanidation circuit and defines optimal metallurgical operating targets to optimize the overall economics. To be realistic, probability factors and circuit diagnostic analysis are integrated in the operating target selection. The Expert System has proved to be successful, robust and flexible. It resulted in a copper concentrate grade increase of 1% while maintaining recovery. The use of the expert system also gives plant personnel good training procedures and promotes interaction with mill operator.INTRODUCTIONThe East-Malartic mill is located close to the town of Malartic in North Western Quebec, Canada. The mill was first commissioned in 1938. The flowsheet at that time was a straight cyanidation circuit. The original mill operated in that mode up to the discovery of the Bousquet 2 orebody in 1989 which consisted of a massive copper sulphide ore averaging 0.7% copper and 7 g/mt of gold. Bousquet 2 ore processing required a mill retrofit. Grinding capacity, gravity and copper flotation circuits were inserted prior to the cyanidation circuit in order to achieve 3,200 mtpd capacity at expected recoveries.In 1993, control of the flotation circuit was deemed critical in order to maintain the flotation performance and to reduce cyanide consumption since the copper sulphide contained in the Bousquet 2 ore is a high cyanide consumer (50% bornite). (McMullen, 1999) As a result, the implementation of advanced control strategies in order to increase the metallurgical profitability of the plant and to reduce the operating variability between operators was the most rational alternative. In 1994, Corem was chosen to perform the plant audit and to write the first set of rules. The on-line control strategy was started up in 1995. In 1996 and 1997 the Expert System was shutdown because of an extreme change in the ore coming from the milling of Bousquet #1 ore and the departure of the projects engineer. In 1998, the system was restarted and the results were impressive. Furthermore in May of 2001 a patent was issued for the control strategy. (Breau, 2001)"

Jan 1, 2002

By Y. Breau, F. Robichaud

The Expert System implemented at the East-Malartic mill controls a copper flotation circuit while taking into account the profitability of the operation. Treating a copper gold ore, the flow sheet integrates a flotation step followed by cyanide leach circuit. The Expert System calculates the actual net smelter revenue of the flotation circuit, accounts for the operating cost of the cyanidation circuit and defines optimal metallurgical operating targets to optimize the overall economics. To be realistic, probability factors and circuit diagnostic analysis are integrated in the operating target selection. The Expert System has proved to be successful, robust and flexible. It resulted in a copper concentrate grade increase of 1% while maintaining recovery. The use of the expert system also gives plant personnel good training procedures and promotes interaction with mill operator.

Jan 1, 2002

By Henry S. Washington

Introduction. It Still Rains On The Choco ! I Well Remember One Evening A Dozen Years Ago, While. Traveling Toward The Town Of Negua In A Small Champa Or Dug-Out Canoe, The Rain Fell So Heavily That I Had To Work My Hardest To Bail Out The Water With A Large Totuma Or Gourd In Order To Keep The Canoe Afloat, The Senegambian Meanwhile Plying His Paddle In The Stern. If Any One Thinks Bailing Is Easy Work, Let Him Scoop Out A Quart Or More At A Stroke, 40 Times A Minute For Half An Hour, And I Venture That He Will Change His Opinion. These Small Canoes Required Only One Paddler, To Make The 3 Miles An Hour Which Is The Standard Rate Of Aquatic Progress On The Choco. Another Time, On The Atrato River, About Six O'clock In The Afternoon, The Rain Fell So Heavily Than An Empty Gourd, 9 In. In Diameter And 4.5 Deep, Was Filled To The Brim In 90 Sec., Timed By A Watch. Such Downpours Are Typical, But Unless Caught In One It Is Not Specially Noticed. These Downpours Seldom Last More Than An Hour, And Frequently Cover Only A Limited Area, Occasionally Falling On One Bank Of A River And Not On The Other. During The Night-Time,' The Rain, If Gentle, Will Usually Last Until Dawn, And Sometimes An Intermittent Drizzle Will Keep Up All Day As Well, Although, As A Rule, It Rarely Rains During The Day. The Rise Of The Rivers, Due To The Rain-Fall, Varies From A Few Inches To Several Feet. One Night In August, 1899, The Spuds Of The Dredge Margaret, Operating On The Atrato River, Showed A, Rise Of 16 Ft., And For 3 Days Thereafter Occurred The Greatest Flood Known In That District For 32 Years. The Dredge Had All Three Spuds Clown, And The 2-Yd. Shovel Dragging On The Bottom. A 0.75-In. Cable Fast To A Stout Tree, 700 Ft. Away, Stretched Tight

Sep 1, 1908

By C. P. S. Barnard, D. G. Krige

Objective justification on economic grounds for expenditure aimed at improving the quality of the underground working environment requires a suitable measure of any improvement in productivity that would result under routine working conditions. For this purpose, a composite production criterion is suggested, as well as its correlation under actual operating conditions with various factors directly affecting productivity and the environment. Of the environmental factors, wet-bulb temperature appears to be the major factor affecting productivity. The production data given indicate that a decrease in the wet-bulb temperature of 1OC can be expected to result, on average, in some 3 to 4 per cent increase in productivity; in the higher temperature ranges, this percentage could be much higher.

Jan 1, 1981

By FORTUNATO PEREIRA

(San Francisco Meeting, October, 1911.) I. GENERAL DESCRIPTION. The Department of Narino (formerly included in the Department of Cauca) is a narrow band about 170 km. (100 miles) wide in the southern part of the Republic of Colombia, FIG. 1.-SKETCH-MAP OF THE SOUTHWESTERN PART OF COLOMBIA. near the boundary of Ecuador, as shown in the sketch-map, Fig. 1. Its capital is Pasto, a small city of 25,000 inhabitants; the principal towns are Túquerres, Cumbal, Ypiales, Barbacoas, and Tumaco. The port on the Pacific ocean is Tumaco, and traffic in the interior is carried partly on the Patia river (steam navigation to the fluvial port of Barbacoas), and afterwards overland over poor roads by human bearers or on mule-back.

Aug 1, 1912

New technology is a significant factor in the present upsurge in world, and Australian, gold extraction and production. The main technologies in current use for gold production are described, referring to overseas developments. Areas where existing techniques have shortcomings or new methods are needed are pinpointed and discussed. Much research work on gold metallurgy is under way round the world, and many new developments have potential. Many of the current research activities round the world are covering unusual and striking areas, with surprising results starting to come through. Some of the "blue sky" techniques reportedly under investigation are identified, together with consideration of when changes in technology are of value. The consequences of new technology for personnel involved in gold plant operations will be raised, including the new education now required.

Jan 1, 1986

By Peter J. Barnard

Mitochondria play a key role in the regulation of apoptosis (cell death) and in diseases characterised by abnormal apoptotic responses such as cancer. Mitochondrial membrane permeabilisation (MMP), regulated by the mitochondrial permeability transition pore complex, is widely accepted as being central to the process of cell death. As a result there has been considerable recent interest in targeting mitochondrial cell death pathways in the development of new chemotherapeutic agents.(1) There is potential to overcome the two overriding problems in cancer chemotherapy?the common occurrence of drug-resistant tumour cells and the lack of selectivity of cancer drugs in differentiating between tumour cells and normal tissues. Significantly, carcinoma cells have an elevated mitochondrial membrane potential relative to normal cells and lipophilic cations are concentrated within mitochondria in response to mitochondrial membrane potentials. There is potential for the selective targeting to tumour cells with compounds having optimal lipophilic-hydrophilic character. Research stemming from the early 1980?s points to two distinct classes of Au(I) phosphine antitumour agents where an antimitochondrial mode of action has been implicated: (i) neutral linear two-coordinate Au(I) complexes such as triethylphosphinegold(I) chloride and the tetraacetylthioglucose gold(I) phosphine complex, Auranofin; (ii) cationic tetrahedral bis-chelated Au(I) phosphine complexes related to [Au(dppe)2]+.(2) Recently it has been reported that Auranofin, at submicromolar concentrations, induces MMP observed as mitochondrial swelling and dissipation of membrane potential.(3, 4) Both events are completely inhibited by cyclosporin-A, the specific inhibitor of MMP. The permeability changes were shown to occur at concentrations associated with the selective inhibition of mitochondrial thioredoxin reductase.(3) Auranofin is a potent and specific inhibitor of this enzyme due to Au(I) binding to the active-site selenol group.(5) The redox state of mitochondrial thiols may be critical in the control of MMP.(3) In general, swelling is stimulated by thiol blocking or oxidising agents and is prevented by thiol reducing agents.(1) Mitochondrial thioredoxin reductase may play an import role in the redox control of the permeability of mitochondrial membranes.(3) Our interest is in investigating the antitumour potential of Au(I) phosphine compounds using a number of different approaches. In recent work we have evaluated a series of hydrophilic analogs of [Au(dppe)2]+ containing pyridylphosphine ligands which have demonstrated greater tumour selectivity than the parent compound. To investigate the possible antimitochondrial mode of action we are studying the effect of [Au(dppe)2]+ and related compounds on isolated rat liver mitochondria. To assess whether the lipophiliccationic nature of the compounds determines the antitumour activity, we have synthesized a series of novel Au(I) complexes based on heterocyclic carbene rather than phosphine ligands. The similar chemistry and structural features of the two classes of complexes allow us to assess whether the phosphine ligands are essential for the antitumour properties.

Oct 1, 2003

By Charles G. Yale

(San Francisco Meeting, October, 1911.) A FEW years ago somebody connected with one of those self-constituted bodies of unofficial character, like a Chamber of Commerce, Board of Trade, or State Development Board, started a catch-phrase referring to California as " The Land of Sunshine, Fruit, and Flowers," and the railroad magazines and folders keep it steadily in use, working day and night. Yet it altogether ignores the substance which brought the State into the Union, which peopled it, and which made it famous through-out the world. You ladies and gentlemen who have come from what we here call "the East," have in your own States, no matter which one, sunshine, fruit, and flowers. But your Eastern States, having these things as we do, have not the gold that we do. Therefore, the old designation of "The Golden State," applied to California, should be revived, as being the most distinctive term. It is worthy of remembrance, too, that during the dark days of the civil war this State handed over $172,000,000 in yellow gold, and saved the credit of the nation. Gold-mining has been carried on in California since " The days of old, The days of gold, The days of 49," and it still continues. Since that historic year, and up to the end of 1910, the State has produced, in gold alone, $1,530,214,468. Since 1792 the entire United States production of gold has been $8,261,573,500, so that the single State of California has, in that period, produced within $201,144,564 of one-half of all the gold from Alaska, Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, South Dakota, Utah, Washington, and the Southern and scattering States. In other words, all the other 25 gold-producing States of the United States combined

Mar 1, 1912

By A. M. R. Neiva

The WNW-ESE-trending hydrothermal veins cut alternating mica schists and quartzites of mainly Ordovician age and, to the west, a Hercynian muscovite-biotite granite. They have been prospected and developed to a depth of 300 m and reserves of 20 t Au estimated. The paragenetic sequence and chemical compositions of the ore minerals are generally similar to those at Jales to the south. Gold, electrum and aurian silver form inclusions in arsenopyrite, pyrite, galena, sphalerite, pyrrhotite and quartz and also occur in veinlets that cut these minerals. Silver has been found in gold, electrum, aurian silver, tetrahedrite, freibergite and the Ag-Pb-Sb sulphide owyheeite. Early arsenopyrite crystallised at an estimated 480 degrees C and the more common, later arsenopyrite in which Au and Ag are generally included at 430-300 degrees C. Sphalerite crystallised at 307-100 degrees C. Monoclinic pyrrhotite may have been formed by the inversion of hexagonal pyrrhotite at 248 degrees C

Jun 16, 1905

By Henry Ferguson

THIS paper is a preliminary statement, intended to present the more important results of the recent studies of the ore deposits of the Alleghany district in advance of the publication of the complete report, now in preparation. The Alleghany district (Fig. 1) has been a producer of gold since the early days of California gold mining. As in other California gold camps, placers yielded the bulk of the earlier production, but during the last 30 years lode deposits have been the only important source of output. The district differs from other California gold-quartz districts in that nearly all the production is from small shoots of high-grade ore. The mining camps of Alleghany and Forest are on the western flank of the Sierra Nevada range about 20 miles west of the crest. The gently sloping lava-covered plateau which controls the upland topography has been trenched by deep canyons of the westward flowing streams, which are cut to depths of as much as 2000 ft. below the crests of the ridges. The district is about 18 miles from Nevada City but the automobile road which connects the two places is 31 miles long. The senior writer first visited the district in 1913 and published a short description of the lode deposits.1 The increasing importance of the district made further study desirable. A detailed topographic map was therefore made by W. B. Upton, Jr., of the U. S. Geological Survey, in the spring of 1924, and the senior writer spent parts of the field seasons of 1924 and 1925 in the district. For the second field season the Geological Survey was fortunate in securing the services of R. W. Gannett, who had already done geologic work in the district for several of the mining companies. Owing to the death of Mr. Gannett in October, 1925, just before the close of his field work, the work of preparation of the entire report fell to Mr. Ferguson. He takes this opportunity of acknowledging how deeply he is indebted to Mr. Gannett for his excellent work in the field, and his realization of how greatly the completion of the report on the district has suffered from lack of Mr. Gannett's assistance in the office. In October, 1.928, after the completion of the first draft of the manuscript, Mr. Ferguson made a short visit to the district.

Jan 1, 1929

Gold-rich porphyry copper deposits areimportant sources of gold in the circum-Pacific region: 26 major deposits contain >7000 tonnes of gold. The deposits occur in a variety of subduction-related settings, and may be underlain by crust that is undergoing either extension or compression and that is either oceanic or cratonic in character. The deposits are associated intimately with composite porphyry stocks, which commonly were emplaced into coeval andesitic volcanic piles. The stocks range in composition from low-K calc-alkaline through high-K calc-alkaline to potassic alkaline. Much of the copper and gold were introduced as components of K-silicate alteration, which may undergo partial overprinting by intermediate argillic assemblages. Advanced argillic alteration is widespread in the shallow parts of the systems whereas sericitic alteration at deeper levels tends to be restricted. Gold distribution generally follows that of copper, which is present mainly as chalcopyrite with or without bornite. The gold is in the native state and occluded by cr in close proximity to the copper-iron and/or iron sulphides. The magmas and metals necessary for the generation of gold-rich porphyry deposits were derived mainly from subcrustal sources, with the subducted slab believed to play a pivotal role.

Jan 1, 1990

By Christina Graf

A synthesis of colloidal gold shell particles with a silica core is described. Small gold nanoclusters were attached to the functionalized surface of colloidal silica particles. Reductive growth and coalescence of these clusters lead to the formation of a closed gold layer. By variation of the thickness of this gold layer and the radius of the shell it is possible to adjust the plasmon resonance of the gold shell particles over the whole visible and infrared region of the spectrum. The optical properties of the particles made are in good agreement with theoretical calculations for coreshell particles. Due to their low polydispersity these gold shell particles form in solution large crystals with submicron lattice constants. It is also possible to produce hollow gold shells by dissolution of the silica core. A new method to coat the silica core gold shell particles with an additional outer silica shell is also presented. This allows due to a reduction in the Van-der-Waals forces to make more permanent dried crystals and facilitates functionalization of the particles for use in various photonic applications.

Oct 1, 2003

By V. N. Kolesnikov

The gold-silver deposits of the northern Primorye region are located in the eastern part of the East Sikhote-Alin volcanic belt, where the belt overlaps the Kema island-arc terrain of the Aptian-Albian age. There have been four deposits and numerous mineralization points found in the NE-trending Kema metallogenic belt that is about 1000 km long and 100 km wide. The known mineralization is of epithermal type, controlled by faults, and concentrated in quartz, quartz-fluorite-adularia, and, less commonly, sulfide-quartz vein systems hosted by the Upper Cretaceous-Lower Tertiary volcanic rocks. The vein systems extend for hundreds meters along strike, varying from tens centimeters to 50-60 meters in width. They are surrounded by wide zones of low-temperature hydrothermal alteration containing some gold-silver mineralization for which the commercial value was not studied during the early exploration. The ore bodies contain from 1 to 50-80 ppm of Au and from 1 to 1000 ppm of Ag. Gold is native, associated with quartz, and represented by particles from tens of microns to 1 mm in size. Silver occurs in native form as a constituent of argentite, pyrargyrite, stephanite, and other sulfosalts. The test work carried out for three vein systems 20 years ago showed that gold might be easily and almost completely recovered from the ore by cyanide treatment. The paper describes the geology and mineralogy of the deposits, Salut and Primorskoye, that are the most studied properties of the Kema belt. It also presents the data available on disseminated gold-silver mineralization in stockworks, altered explosive breccias, and wide zones of low-temperature hydrothermal alteration. This mineralization should be explored for possible exploitation as large open-pit, heap-leach deposits.

Jan 1, 1998

By L Torckler, R L. Brathwaite

At Neavesville gold-silver (electrum) mineralisation occurs in steeply-dipping zones of intense fracturing, brecciation and quartz veining within rhyolitic pyroclastics, carbohaceous shales and andesites. Hydrothermal alteration extends over an area of greater than 3 by 1.5 km. In rhyolitic tuffs, highly silicified zones containing quartz-adularia-illite assemblages are flanked by less silicified assemblages composed of albite, illite-montmorillonite and chlorite. The mineralogy and sequence of alteration are comparable with the alteration zones which envelop the steam-producing fissures of the active Wairakei and Broadlands geothermal fields. Primary fluid inclusions in quartz from five fissure veins in the Neavesville field show maximum homogenisation temperatures ranging from 220 - 260¦C and salinities of 0.0 - 1.1 wt per cent NaCl equivalent, which cover a similar range to actual measured temperatures and salinities in geothermal fluids at Wairakei and Broadlands. The age of the rhyolitic pyroclastics and related alteration and mineralisation is probably Pliocene and Neavesville therefore represents a fossil geothermal system. The intensely fractured zones containing the gold-silver mineralisation were probably produced by hydraulic fracturing generated by accumulation under pressure of hydrothermal fluid in blind fault zones. Study of fluid inclusions indicates that hydrothermal quartz associated with electrum was deposited under boiling conditions. High grade electrum mineralisation at Graces workings appears to be localised by reaction of hydrothermal fluid with sedimentary marcasite in black shale.

Jan 1, 1980

By I M. Platten, C J. S Sangster, Y Xie, S C. Dominy

Cononish is a steep, narrow NE-SW trending vein system that was emplaced into late Proterozoic metasediments. It shows brittle style deformation and postdates metamorphism and associated Caledonian foliations. The ore shoots plunge 45¦SW, have a 40 to 80?m intersection with the existing underground development and extend between 40 and 260?m down plunge. Small-scale sulfide-bearing domains within the vein carry the highest gold grades. They collectively define the ore shoots, where one or two and rarely three of the domains are present at an individual site in the vein. Gold occurs as electrum, with minor native gold. Silver occurs additionally as tellurides and native metal. The gold/electrum is fine-grained, generally <100?¦m in size and locally clusters. Visible gold up to 2000?¦m in size is rare. Gold and silver are generally spatially associated with sulfides in quartz. The main sulfide is pyrite, but galena, chalcopyrite and sphalerite occur also. Electrum and gold occur with galena in pyrite-hosted fractures. Gold is also associated with the contacts between galena and pyrite grains. Discontinuity of individual domains, variation in domain thickness and internal heterogeneity results in short scale variation in grade across the structure. Over 16?km of diamond drilling and a 1.2?km exploration adit has provided data to support a Mineral Resource estimate of 169?000?oz Au and 631?000?oz Ag reported in accordance with the 2004 JORC Code.CITATION:Dominy, S C, Platten, I M, Xie, Y and Sangster, C J S, 2013. Gold-silver vein mineralisation at Cononish, Scotland, in Proceedings World Gold 2013 , pp 445-454 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Sep 26, 2013

By Donka H. Andreeva

Gold catalysts based on different supports, titania, zirconia, ceria and mesoporous titania and zirconia, nonpromoted and promoted by vanadia in the reaction of complete benzene oxidation have been studied. XRD, HRTEM, TPR, Raman and ESR spectroscopy were applied for the characterization of the catalysts. The influence of gold on the reduction behavior, state and structure of vanadia on the surface was studied, as well as the role of supports nature on the properties and catalytic activity. A strong synergistic effect between gold and vanadia was observed for the all studied catalysts with an exception of the catalysts supported on mesoporous zirconia. In the last case the catalysts containing gold and gold-vanadia exhibit high and equal catalytic activity. The catalysts on ceria show highest and stable catalytic activity in the studied reaction among the all studied catalysts.

Oct 1, 2003

By F. W. Bradley

GOLD is a large subject. One could talk about its geological or mineralogical occurrences, prospect- i11.g for it, mining of .it, its metallurgy or its marketing; but I have decided to limit my discussion to gold as a business-that is, to its production and marketing. In the production of gold, it is necessary to consider the many possible sources, the quantities available, the capital and operating costs and the chances of price-breaking competition. So in the following remarks I shall endeavour to point out that though gold is found in every formation constituting the earth's crust, though it is possible to-find it free in great concentrated placer deposits on the surface, though there are still large unprospected areas of both the surface and the crust, though it may be possible to produce it by the cheapest labor on earth, and by processes not as yet developed, it still has an unlimited market at a definite price. There is no reasonable fear of disturbance by the finding of bountiful deposits, or by cheapening the cost of production due to devaluation, or by the development of any easy processes for direct, or for by product, production.

Jan 1, 1932