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By P. Cavanagh

Summary This paper discusses the fundamental principles which allow the development of a new method for studying the deformation and failure of metals in terms of 'internal microstrains'. Internal microstrains mechanical and magnetic properties are defined and their influence on of metals is outlined. A research programme at present in progress will determine whether magnetic measurements of internal microstrains give sufficiently accurate values for predicting the performance of metals under service conditions. These magnetic test techniques are also being used to detect the beginning of plastic deformation and to trace the development of deformation processes and failure. Results of the experimental work in each field will be published. Introduction Any attempts are being made to develop a complete theory embracing the mechanical behaviour of metals. In spite of the amount of experimental data available, the theoretical approach is rather difficult, since most of the mechanical properties of a metal are determined by deviations from the pure chemical composition or the perfect crystal. Both types of deviation are difficult to reproduce experimentally and to describe theoretically. In general, there are three main avenues of approach to the problem being followed today.

Jan 1, 1950

By A. H. Grobe, F. N. Rhines

AT elevated temperatures the oxide of silver is unstable in the air at atmospheric pressure, consequently no external oxide scale forms upon pure silver under conditions of high-temperature annealing When small quantities of certain alloying elements are present in the silver, the formation of a thin external scale is possible' and in addition there may form a subscale composed of the oxide of the solute element precipitated within the body of the silver Norbury2 and Leroux and Raub3 have reported internal oxidation (subscale formation) in alloys of silver with 2, 7 5, and 30 per cent of copper The presence of the subscale is believed to be responsible, at least in part, for the objectionable "fire mark" in Sterling silver' Several other alloys of silver, after oxidizing heat-treatments, are known to exhibit undesirable polishing characteristics that may be the result of internal oxidation Except for the absence of an external scale of silver oxide, it is to be anticipated that silver alloys will prove to be very similar in their oxidation behavior to the alloys of copper, the oxidation characteristics of which have been studied in some detail 5,6 The present research confirms this anticipation The oxidation of a series of 20 dilute alloys of silver has been studied metallographically, some types of subscale not encountered among the copper alloys have been found Instances of internal oxidation in alloys of most of the metals of the I-b and VIII groups of the periodic system are on record, but evidence of this type of oxidation in alloys of the metals of the intermediate groups is lacking A number of the metals of the intermediate group, among them cadmium, lead, tin, and zinc, appear to provide the conditions essential to subscale formation, i e , they form oxides with a relatively low negative free energy of formation, they dissolve other metals that form more stable oxides, and, presumably, oxygen will diffuse through them In a study of 4o alloys of these white metals only a few cases of internal oxidation have been found The probable reasons for this difference in behavior will be discussed presently EXPERIMENTAL PROCEDURE Silver -The silver alloys employed in the oxidation studies were prepared in heats of 30 grams each from high-purity silver (99 993 per cent Ag)* and the purest avail-

Jan 1, 1942

By A. H. Grobe, F. N. Rhines

AT elevated temperatures the oxide of silver is unstable in the air at atmospheric pressure, consequently no external oxide scale forms upon pure silver under conditions of high-temperature annealing. When small quantities of certain alloying elements are present in the silver, the formation of a thin external scale is possible' and in addition there may form a subscale composed of the oxide of the solute element precipitated within the body of the silver. Norbury2 and Leroux and Raub3 have reported internal oxidation (subscale forma¬tion) in alloys of silver with 2, 7.5, and 30 per cent of copper. The presence of the subscale is believed to be responsible, at least in part, for the objectionable "fire mark" in Sterling silver.4 Several other alloys of silver, after oxidizing heat-treatments, are known to exhibit undesirable polishing characteristics that may be the result of internal oxidation. Except for the absence of an external scale of silver oxide, it is to be anticipated that silver alloys will prove to be very similar in their oxidation behavior to the alloys of copper, the oxidation characteristics of which have been studied in some detail5,6 The present research confirms this anticipation. The oxidation of a series of 20 dilute alloys of silver has been studied metallographically; some types of subscale not encountered among the copper alloys have been found. Instances of internal oxidation in alloys of most of the metals of the I-b and VIII groups of the periodic system are on record, but evidence of this type of oxidation in alloys of the metals of the intermediate groups is lacking. A number of the metals of the intermediate group, among them cadmium, lead, tin, and zinc, appear to provide the conditions essential to subscale formation; i.e., they form oxides with a relatively low negative free energy of formation, they dissolve other metals that form more stable oxides, and, presumably, oxygen will diffuse through them. In a study of 4o alloys of these white metals only a few cases of internal oxidation have been found. The probable reasons for this difference in behavior will be discussed presently. EXPERIMENTAL PROCEDURE Silver.-The silver alloys employed in the oxidation studies were prepared in heats of 30 grams each from high-purity silver (99.993 per cent Ag)* and the purest avail-

Jan 1, 1942

By R. R. Mankowski

The work described here is an extension of current theory applied to obtaining the power dissipated at the wavefront of a transverse disturbance traveling along a mine hoisting cable. A previously derived empirical relation is adapted to the present problem, and is solved by use of a Lagrange-type reference frame moving with the wavefront. As a result of tie limitations inherent in the original relation, only a lower-bound for the domain of predicted power losses is defined. A qualitative assessment of conditions leading to the undesirable effects of internal frictional losses at the wavefronts are discussed in terms of the operating environment found on typical mining installations

Jan 1, 1990

By M. M. Hajdasinski

For decades, the internal rate of return (IRR) project-evaluation criterion has been under increasing criticism. Torries (1998a) defends the beleaguered criterion. He claims that, as a project-evaluation and ranking instrument, the IRR is as suitable as the net present value (NPV). Torries also maintains that using the IRR to rank projects does not require the incremental approach and introduces his own alternative ranking approach. This paper disputes Torries' pro-IRR arguments and demonstrates that the IRR is a theoretically flawed and operationally dysfunctional criterion whose true meaning has persistently been misinterpreted. In a forthcoming paper by the author it will be shown that Torries' IRR-based project-ranking approach is flawed as well.

Jan 1, 2000

By M. M. Hajdasinski

In his recent paper, Torries (1998a) came to the defense of the much-criticized internal rate of return (IRR) as a project evaluation and ranking criterion. Torries also offered his own approach to the IRR-based project ranking, which he believes to be a more practical alternative to the conventional incremental-ranking approach, which Torries considers to be misleading. In an earlier paper (Hajdasinski, 2000), the author demonstrated that Torries' arguments vindicating the IRR concept are invalid. This paper provides logical and numerical evidence that the same is also true with regard to Torries' IRR based project-ranking approach.

Jan 1, 2000

By J. D. Miller

Flotation chemists have long sought to unravel the mechanisms of carboxylate collector adsorption by semi-soluble salt minerals. In particular, the adsorption density of adsorbed carboxylates, adsorption kinetics, speciation (chemisorbed, physisorbed), orientation, and conformation are of interest. Given the importance of these phenomena in establishing the hydrophobic state at a mineral surface, in-situ surface spectroscopy studies certainly are justified. Such measurements traditionally have been difficult to perform. However, beginning in the late 1980s, a Fourier transform infrared (FTIR) spectroscopic technique was developed that has allowed for the acquisition of a wealth of detailed information concerning carboxyiate adsorption in semi-soluble salt flotation systems. The technique, internal rejection spectroscopy using single-crystal internal reflection elements, is reviewed, as it applies to semi-soluble salt flotation systems.

Jan 1, 1999

By D. K. Crampton

INTERNAL stress and season cracking in brass have been studied for many years and the technical literature contains many data on various phases of the subject. A résumé of the literature shows certain fairly well established points upon which various authors are mostly agreed: 1. Season cracking is primarily caused by the presence of relatively high internal stresses, or possibly in some cases by external stresses, or both. 2. A specific corrosion is also essential to season cracking: Certain agents, particularly mercurous salts, mercuric salts and ammonia salts; have such a specific corrosive effect. 3. The tendency to season crack under given conditions increases with increasing zinc content, brass containing less than 20 per cent zinc being relatively immune. 4. In alpha brass the season cracks are intercrystalline; in alphabeta brass they lie between the two constituents; and in beta brass they are transcrystalline. 5. The ordinary impurities or added elements in special brasses have little or no effect on the tendency to season crack. 6. Internal stresses can be eliminated, or at least reduced to a safe 'limit by annealing treatments at temperatures that do not produce visible microstructural changes or appreciable softening of the worked brasses. There are, however, some points in connection with the phenomenon of season cracking which have not been thoroughly investigated, or wherein different authors and investigators are not entirely in agreement. The investigations described in this paper were undertaken to determine: 1. The correlation between mercurous nitrate tests and actual season cracking on long-time atmospheric exposure. 2. The quantitative effect of type and degree of drawing operations on the intensity of internal stress and on the tendency to season crack in brass tubes. 3. The possibility of drawing high-brass tubes in such a manner as to prevent the occurrence of harmful stresses rather than to find a remedy for such stresses once having obtained them.

Jan 1, 1930

By P. Schloth, H. van Swygenhoven, N. Chobaut, J-M. Drezet

"In the current trend toward thicker aluminium plates, a major concern is the stress build-up during quenching which causes distortions during machining. Indeed, cooling rates are not high enough, especially at the core of such thick plates, to prevent any precipitation and quench induced precipitates lower the hardening potential. Multi-scale modelling is required when predicting macro-scale stresses after quenching for thick heat treatable aluminium components. The reason is the instantaneous strong coupling between phase precipitation at the nano-scale and material hardening due to precipitation or softening owing to solute depletion at the microscale. For thick parts, quenching intensities decrease when going from the skin to the core of the component, thus introducing a gradient of nanostructure and consequently a gradient of mechanical properties. In addition, large thermally induced deformations lead to high macroscale residual stresses although part of them is relaxed by plastic deformation. These stresses have been measured in water quenched thick plates of 7040 and 7449 aluminium alloys using neutron diffraction and layer removal techniques and the results when compared with a thermomechanical finite element model of quenching highlight the influence of precipitation.IntroductionIn the processing route of heat-treatable aluminium alloys (AA), a critical step is quenching from the solutionizing temperature. High cooling rates are desired, as they avoid formation of coarse precipitates, which reduce mechanical properties. Fast quenching, however, cannot be achieved in the centre of thick components, where the quenching rate can be more than one order of magnitude lower than at the surface. The existence of a thermal gradient between core and surface leads to a differential thermal deformation which is accommodated by elastic and plastic deformation to comply with the compatibility of deformation. Whenever the material yields, especially at high temperature when the yield strength is low, residual stress remains after quenching due to the irreversibility of plastic deformation. After quenching, the plates are in a state of residual stress that causes unacceptable distortions during machining and may reduce service life drastically. Since stress relaxation is negligible during ageing treatments [1 ], agehardened aluminium parts are usually stress relieved prior to ageing. This is typically achieved by applying plastic deformation: stretching from 1.5 to 3 % in the rolling direction (L) can reduce the internal stresses by a factor of approximately 10 [2, 3]. However, complex geometries or thicker components like thick sheets require other approaches. Reducing the quenching rate by using boiling water for instance leads to lower residual stresses [1, 4]."

Jan 1, 2013

By Henry D. Hibbard

A NOTED ordnance engineer once said to a friend, in speaking of the production of great steel guns, "How is it? We design our guns with a factor of safety of eight, and the guns burst." The vague way in which internal stresses and strains in iron and steel are often considered and spoken of makes it worth-while to examine them, as to their nature, their causes and results, how they may, for useful purposes, be advantageously dealt with, and how, when detrimental or dangerous, they may be reduced or kept within harmless proportions. Rankine defines ?strain " as a change of form or dimensions of a solid or liquid mass produced by a stress. This definition seems not intended to cover strains due to internal stresses, and it will help us in the present inquiry to consider strain as a tendency to change as well as an actual change of form. Internal strains in iron and steel are the result of stresses within the mass of the piece, some parts pulling and others pushing in resistance to them; or, in other words, some parts are in tension and some in compression, each part striving to relieve itself from strain and make the piece assume a form in which all parts are at rest. Subdivision, so that each part could relieve its strain by motion relative to the other parts, would, if carried out far enough, practically obliterate strain. The internal strains we are now to consider are not those due to the stresses of the service which the piece is rendering, either alone or as, a part of a structure, which may be termed service-strains, but those which originate or at least are contained in the piece itself. Internal stresses in a piece of metal are, like action and reaction, always equal and in opposite directions. The stresses

Sep 1, 1906

By L. W. Kempf

A BALANCED system of internal stress is set up in any metallic structure by plastic deformation below the annealing temperature. The internal stress induced by cold rolling or other fabricating processes is generally recognized and its magnitude is known to be, within certain limits, a function of the degree of cold deformation. The plastic deformation that may accompany rapid cooling from elevated temperatures may not materially change the form of the product. The internal stresses so induced are not, therefore, so evident and nonrecognition of their presence has at times led to engineering failures. The heat treatment of aluminum alloys is a relatively new art and little information is available regarding the magnitude of stresses induced luring the commercial heat treatment of aluminum alloy products is the industrial use of aluminum increases, it is inevitable that products of increasingly large volume be required. It has become necessary in the present commercial utilization of aluminum to heat-treat castings and forgings weighing hundreds of pounds. One of the factors governing the magnitude of internal stresses arising from rapid cooling at elevated temperatures is that of the, size of the structure being treated. Some of the other factors are: cooling rate, elastic properties of the alloy, thermal expansivity, thermal conductivity, and the presence or absence of phase changes. Practically all aluminum alloys have a high coefficient of thermal expansion and some are capable of developing relatively high

Jan 1, 1934

By M. L. Jeremic

"The syngenetic and epigenetic mechanics of sedimentation and deformation of coal seams resulted in various types of internal structure, as listed below:TYPE I-massive structure with evenly distributed coal constituencies of integrated mechanical properties.TYPE II-broad-banded structure, with bright and dull coal bands of differential mechanical properties.TYPE III-heterogeneous structure, with sheared coal bands and partings of sectional mechanical properties.TYPE IV-contortional structure, with refolded coal layers and deteriorated mechanical properties.TYPE V-porous structure of orogenically crushed and pulverized coal, with disintegrated mechanical properties.The study suggests criteria for the estimation of coal seam internal structure (gamma-gamma density log and cracks density log), which might be related to the evaluation of strata stability and coal mineability.IntroductionIt is common knowledge that coal seams have various internal structures due to different syngenetic and epigenetic events. Investigations of the internal structure of coal seams have been carried out in the coal fields of Western Canada, as follows: geological field studies of coal-bearing strata;?,geophysical borehole surveying studies;?,geological borehole logging and crack density;?,underground phenomenological studies of mine structure;?,chemical coal analysis; and?,mechanical testing of coal samples.These investigations eliminated a large number of criteria previously established for the estimation of coal seam internal structure and indicated that, from an engineering point of view, only two of them are sufficient:(I) density of seam profile (inferred from gamma-gamma log);(2) density of crack s (inferred from geological log).On the basis of these criteria, five main structural types of coal seams have been classified, which might be related to mechanics of deformation and ' failure of mine structures."

Jan 1, 1982

By Q Wang

Net present value (NPV) has been the main criterion in mining project evaluation and production plan optimisation. It is a common practice in NPV calculations to take into account only the tangible cost items in the corporate accounting system. The costs incurred due to damage to the local ecosystem and environment are left out and treated as externalities. Such practice on the one hand underestimates the total cost of a mining operation and, on the other hand, ignores the difference in ecological/environmental impacts between different mine plan alternatives. This paper attempts to measure the ecological costs of mining and to incorporate such costs into the evaluation scheme in mining project evaluation and mine planning. The ecological costs of mining are estimated based on the areas and types of land (eg forest land, grazing land, crop land) damaged by mining activities and the carbon emission from fossil fuel consumption. For the land areas (and their associated ecosystems) directly damaged by mining activities, the ecological costs are measured by the prevention and restoration costs, the lost values of eco-services of the damaged land, including bio-product production, soil erosion control, water run-off control, oxygen release, air pollutant absorption and formation of soil nutrients. The ecological cost of carbon emission from the energy consumption of a mining operation is measured by the cost of cultivating the equivalent forest land required to uptake the emitted carbon. A case study on a large-scale open pit mining project is presented to demonstrate the influence of ecological costs on the mine planning outcome.

Sep 26, 2011

The mining industry was one of the first industry groups to be confronted by and to respond to public and government pressure to improve its environmental management. Companies operating in New Zealand and the parts of Australia with firmer environmental and planning controls responded quickly with environmental staff appointments to their development and operating arms. Even in less demanding jurisdictions in Western Australia and Papua New Guinea environmental staff were added to the payrolls. The issues then and now were seen as pollution related with land and water housekeeping leading to progressive or eventual site rehabilitation. Increasingly, however, environmental issues are being recognised as being more complex. They are about equity and social justice. Pollution of water, air or land is seen by the public as a question of personal and public rights, more or less wherever the pollution takes place, on public or private land. Environmental issues in mining have become caught up in the global perspective and a more holistic approach to environmental management. Environmental issues touch every comer of the community and action is being demanded. Nowhere is this better illustrated than on Bougainville Island where increasingly militant demands by land- owners for redress for environmental degradation from the Panguna Mine, on close examination, revealed many years of disenchant- ment with the government and the mining company over a wide range of social, cultural and environmental issues. Failure to address this satisfactorily eventually led to a bloody rebellion and finally an act of secession.

Jan 1, 1991

By C. R. Ross

"The purpose of this paper is to review the activities of international organizations concerned with the problem of dust hazards in mines and to indicate the extent of Canadian participation in these activities. The work of the International Labour Office in sponsoring conferences and reports on the appraisal and control of dust hazards and in the development of standard radio-logical classifications is considered in some detail. Also discussed are the role of technical societies, such as the American Conference of Government Industrial Hygienists, in the development of proposed standards for dust exposure and the functions of international committees concerned with particular hazards, such as the U.I.C.C. (Inter-national Union Against Cancer) Committee on Asbestos and Cancer."

Jan 1, 1969

By S. C. Robinson

International interest in storage and retrieval of geological data stems from a desire to tap this large and potentially valuable, but little-used resource. The data will be used primarily for development and testing of geological concepts and theory; secondarily as a basis for assessing mineral potential and even individual mineral deposits; thirdly for establishment of world-wide norms averages and standards; and fourthly as a search tool leading to sources of specific data and to repositories of specimens etc. International committee activities are designed to establish acceptable general standards for reference numbering, geographic location, geological terminology, coding etc. ; and to develop progressively the types of data (parameters) that should be recorded in specialized archival files in such fields of world-wide interest as palaeontology, mineral deposits, petrochemistry, stratigraphy, mineralogy, palaeomagnetism, physical geochronology etc. Establishment of world data banks analogous to those in oceanography may come later; for the present we hope to achieve some degree of agreed consistency in national and local data banks throughout the world, and to establish an international index to these banks as first steps in facilitating international exchange. For purposes of this paper, data are defined as facts, reproducibly measured or objectively described.

Jan 1, 1969

By Van Manning

IN SUBSTANCE, the international aspects of the petroleum industry, as these relate to the United States, are as follows: The domestic production is not keeping pace with the domestic demands; our best engineering talent warns us of the imminence of a decreased production by our oil wells, although more oil is needed; and the only practical source whence this increasing demand can be supplied for some time to come will be the foreign fields. Other nations have given thought to the future and, in recent years, have shown a tendency to adopt strong nationalistic policies regarding their petroleum resources, policies that hinder or prevent the exploitation of these resources by other nationals. In consequence, we find that, facing a probable shortage of the domestic supply, our nationals are excluded from foreign fields; and this in spite of the fact that foreign nationals have been permitted to enter into and exploit, our own oil resources on an equality with American citizens and without hindrance or restrictions. This country: has supplied the larger part of the petroleum consumed by the world and yet, with a failing supply imminent, it finds that those countries that have been drawing upon our resources to supply their needs are showing a tendency to exclude us from their resources. In this way we shall be transferred from a position of dominence to one of dependence; and only by sufferance of those countries that are now seeking financial or political control of petroleum supplies, shall we be able to obtain the oil we will need.

Jan 2, 1920

By William Fraser

SINCE the operative word in the subject on which I have been asked to speak is "international," I need hardly emphasize before such an audience as this that it is one which calls for some discretion on my part at the present juncture of world affairs, since, in some respects, it may not be devoid of a controversial aspect. For though the war is over, it has left behind it a sorry state of health in the political and economic complex of the world we live in; and however different may be the impact of these factors on each of us, yet none of us can any longer hope to devise a system or policy to escape from much of its controversial heat, or evade the obligation of doing what we can to diminish it. I would like, therefore, to consider with you how one great form of world enterprise whose range is coextensive with material civilization itself-that is, the Petroleum Industry-can make and is competent to make, a contribution to international health; for it is now an agreed commonplace that oil is arterial in the world's system and we need no telling that a healthy body needs healthy blood. Before embarking on my subject, let me assure you that I have no need to be told that this country before all others-and for obvious reasons is the major sounding board of opinion in matters affecting most aspects of the petroleum industry-technical, economic, national and international (but, may I please add parenthetically, not to the exclusion of quite a

Jan 1, 1947

By Hokuichiro Ohmachi

INTRODUCTION Metallic minerals have been formed only through complex geologic processes which took place at certain stages of the earth's histrory. Their concentration, abundance, and distribution are, therefore, restricted geologically, and very small in global scale. Ore is a mineral deposit or mineral concentration from which metals can be economically extracted by the contemporaneous technology. By this definition, several factors should be considered before any mineral deposit is regarded as an ore. The grade of mineral concentration and the scale of the reserve are most important. Demand for the metal and its price are the other factors. Advancement of technology in mining and extraction are also vital. Copper, for example, is now commonly extracted from the ores containing less than 0.3% of the metal. However, in the 1700's the common minerable grade was about 13%, and in the 1900's between 5 to 2.5%. This decrease in minerable grade is a function of not only the demand for copper, but also technological progress in mining and metal extraction in this case. Availability of ores has recently been subject to political factors, which were not the primary concern in the past. The petroleum of the Middle East is the prominent example. The metallic minerals are classified into three categories. The first one is the minerals free from these factors mentioned above. Iron and manganese belong to this category. The second category include aluminum, copper, nickel, cobalt, titanium, lead and zinc. These metals can be provided by the future progress in technology which enables the use of lower grade deposits. The third one represents the metals whose occurrence is geologically limited, and, thus, subject to the political factors. Niobium and tantalium are the example. In this article, I discuss these minerals in detail to give an outline of the factors which brought their concentration, distribution and availability. SELECTED MINERAL CONCENTRATIONS Iron Major iron ore deposits are the features of the relics of ancient continental crusts. They are found in all the continents where the Precambrian rocks expose. They do not occur in the oldest rocks (3,000my old) nor in the youngest ones (600my old). They are sedimentary rocks, normally, exhibiting alternations of bands of iron oxides (magnetite and hematite) or iron silicates (especially greenalite), and bands of silica, variously described as jasper, quartzite and chert. The best known banded iron ore deposits exist in the Lake Superior region of the North America, and their distribution extends at intervals to Labrador of Canada. Other examples occur in the U.S.S.R. Brazil, Venezela, India, the mainland China, and southern and western Africa (Liberia and Guines) (Table 1). Recently large deposits have been discovered in the Hammersley region of the western Australia, and northern and central region of Brazil. These ore deposits were originally formed in shallow seas where simple but abundant life existed. After the deposition, enrichment processes , related to tropical weathering, have brought about wholesale removal of silica to produce the deposits of best quality. Ores with 50-60% iron represent the best products in the Precambrian fields. Since local reserves of this high grade ores approach to exhaustion, benefication processes have been used effectively to upgrade much leaner ores (for example, taconite with 20-25% iron in Minesota, U.S.A.). There are two other types of iron deposits. Ironstone, a sedimentary rock containing goethite, chamosite and siderite, first appeared in early Paleozoic times in the stratigraphic record, and reached its Zenith in the Jurassic. Similar bedded iron deposits are found in the belt from the Cleveland Hills to Oxford in England, and in the "minette" oolitic ores of Alsace-Lorraine in Luxenburg and France. The iron content of these ironstones seldom exceed 30%, but they usually contain calcite and are self-fluxing. They also have phosphorous as undesirable impurity. Because of the grade and impurities, they require more fuel than the Precambrian ores. The third type of iron ore is associated with igneous activity and consists of magnetite and some hematite, and apatite. This deposit is believed to be a product of magmatic differenciation. It occurs in Kiruna of Arctic Sweden. The iron ore, therefore, present no global shortage problem. They extend to considerable depths. Their concentration is largest among the metals. If low grades were treated, the resource can be stepped up much substantially. Manganese Manganese is a ferro--alloy metal, thus, essential to the manufacture of sound steel. Manganese comes from manganese oxide and silicate ores. Many minerals contain manganese, but only a few oxides, silicates, and, in some places, carbonates (rhodecrosite) are mined as ore. Types of manganese deposits are bedded, massive,

Jan 1, 1982

By P. S. G. Leon

One of the most difficult areas in concession contracts in resource-rich developing countries is achieving an equitable balance between the interests of investors, host states and, increasingly, mine and near mine communities. While some countries in the Andean region have resorted to outright or creeping expropriation of natural resource contracts under the guise of resource nationalism, others such as the Democratic Republic of the Congo (DRC), have claimed international best practice in the review (and setting aside) of important concession contracts.

Jan 1, 2011