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By A. M. Gaudin

In the first place, let me thank you for inviting me to appear before you today to speak to you on "Mineral Industry Problems - Present and Future". It is a distinguished honor for me to have this opportunity, and I am highly appreciative of this distinction. The beautiful surroundings of Gatlinburg and the pleasantness of a summer occasion are a wonderful tonic for all of us, yet they should not blind us to the seriousness of our Industry's problems No doubt, because of my past appearances before members of the Society of Mining Engineers, at which I discussed wholly scientific topics, or research in the Applied Sciences, you may be expecting me to revert to these subjects. But I intend to venture in a field that is new to me, yet old to all of us, the field of Economics.

Jan 1, 1962

By R G. Barker

The NZ Minerals Industry Association has continued to advance the interests of the minerals sector through leading the establishment of a Minerals Industry Advisory Committee, and the preparation of a technology strategy with funding assistance from the Foundation for Research, Science and Technology. The current moves mirror those of more than 30 years ago when a government initiative led to a resurgence of exploration through amending the mining legislation, redirecting Government research priorities and tax changes. The economic and political and commercial environment in 2001 is very different from that of the 1960s and success of these new initiatives depends on the continuing support and involvement of all sectors of the minerals industry, and building an improved relationship with the Government and the public.

Jan 1, 2001

By Robert P. Koenig

FOR the first time other than on occasion of war the people of the United States are experiencing full-scale participation in world affairs. Public concern has seldom been so involved with conditions and events beyond our own continental limits. Our interest is not wholly of recent origin. Over the years the activity of the United States as a world power and an important trading nation brought about the widening of our political interests and the progressive interrelation of our economy with that of the rest of the world. Some may see in our present phase of world-wide activity the natural consequence of our continued growth. Such observers must also be aware that within recent years our importance in world affairs has been considerably increased. For within the space of an extremely short period events have occurred that have literally jet-propelled the United States into the role of a leading participant in the conduct of world affairs. Little of the choice of this role was left to us. The decline of power in western Europe, the ascendancy between the Elbe and the Pacific shore of an obviously antagonistic force, our earnest endeavor to secure international control of atomic energy, the necessity of providing relief and rehabilitation to war-ravaged areas, and the police work that must be done in occupied territories are problems which have risen in great measure without our help-but they cannot be solved without it.

Jan 1, 1948

Polluted air and water, despoiled land and excessive noise are the unwelcome results of the population growth and a rising standard of living. The consumption of goods and services, including metal products and minerals, by all people is increasing so rapidly that civilization is in danger of destroying the environment in which it lives. This is true because every human activity affects the environment, whether it is air, water or land. While E. F. Osborn, director, U.S. Bureau of Mines, says . . . "some members of the mineral industry are reluctant to recognize environmental demands" . . . William T. Pecora Under Secretary of the U.S. Department of the Interior.. . says that, "to maintain levels of resource development and environmental quality needed to satisfy our affluence, we must trade off values rather than turn off troublesome operations." What it seems to boil down to is how much control of its operations is the mineral industry willing to accept-internal policing or strict government control? The answer lies in how well the mineral industry maintains a balance between mineral development and environmental quality.

Jan 1, 1971

By Marvin P. Barnes

The Sacaton open pit copper mine has recently been placed into production. Some problems have been encountered in maintaining grade control due to differences between early block estimates and actual production grade. A study was made using three methods for computing grade for 50' x 50' x 40' size blocks from exploration and development drill holes; 1) The polygonal method, 2) The inverse distance squared method, and 3) The geostatistical kriging method. The results of each were compared against a control block file created by using the assay results of all blast holes drilled in the ore over three benches of the new pit. Results indicate that the kriging technique gave better estimates for grade of individual blocks than did the other two methods for this particular deposit.

Jan 1, 1977

This report is the first in a "final" series of publications on the Juneau Mining District (JMD). This volume summarizes the results of Bureau of Mines (Bureau) investigations in the JMD during the period 1984-1988. Volume 2 consists of a detailed description of Bureau investigations of mineral de-posits, prospects, and occurrences. Volume 3 is a report on industrial minerals within the district. This study has identified and examined more than 300 mines, prospects, and occurrences containing gold, silver, copper, zinc, lead, nickel, cobalt, tungsten, molybdenum, chromium, and PGM. More than 20 of these were discovered during this study. An additional 20 prospects not mentioned in the literature were rediscovered during the JMD study.

Jan 1, 2012

By Kenneth Maas

The Bureau of Mines devoted portions of the 1987-1988 field seasons to investigate the mineral aggregate industry in Juneau, Skagway, Haines, and Gustavus, Alaska, as part of the Juneau Mining District study. Statistics compiled for current suppliers include location, activity, reserve estimates, expected mine life, and types of commodities available. Each population center, except for Gustavus, is well endowed with suitable mineral aggregate to last at least 20 years. The Bureau of Mines quantified the mineral aggregate resource in many large potential sites within each area. Sampling, engineering and soil-index testing, site descriptions, deposit dimensions, and gold recovery information is described. Refraction seismic studies performed at three localities revealed gravel thicknesses in excess of 40 to 80 feet. In the Juneau area the Herbert/Eagle Rivers outwash area, East Fork Lace River. Antler/Gilkey Rivers, and Grizzly Bar (Taku Inlet) individually contain in excess of 60 million yd3 of excellent-quality aggregate with minor accessory gold credits. Haines is also well endowed with aggregate resources; large, quality deposits occur along and at the confluences of the Chilkat, Katzehin, Klehini, Tsirku, and Kicking Horse Rivers. Large deposits of granitic aggregate exist in the Skagway River and East Fork Skagway River.

Jan 1, 2012

By Dale William Avery

Thirty mines and prospects were studied; 22 are within the Dolus Lakes RARE II area. Three properties within the area and one adjacent to it were determined to have indicated or inferred gold, silver, or molybdenum resources (fig. 1 and table 1) associated with quartz veins and shear zones or quartz-pyrite stockworks in granodiorite. Five other properties in the area and three just outside have potential for the discovery of gold and silver resources. Minor amounts of very fine-grained placer gold are in glacial outwash in and near the area. The John G. Carlisle Mine (fig. 1, no. 9) produced 120 oz (3.7 kg) of gold between 1897-1899. The Independence Mine produced 481 oz (15 kg) gold, 197 oz (6.1 kg) silver, and 189 lb (86 kg) of copper between 1926 and 1935. These mines are adjacent to the study area's northern boundary.

Jan 1, 1983

By Harry W. Campbell

A mineral survey conducted by the U.S. Bureau of Mines in 1983 identified no mineral resources in the Beaver Meadows, Blind Horse Creek, Chute Mountain, Deep Creek/Battle Creek, and North Fork of Sun River Wilderness Study Areas (WSA's). A prospect east of the Beaver Meadows WSA has low potential for lead resources. Sand, gravel, and limestone occurrences are numerous in the WSA's; however, similar or better quality materials outside the areas are abundant and more accessible to potential markets. Impure coal and titaniferous-magnetite occurrences are near the WSA's, but are not known to occur within these areas. In 1983, there were 7,025 acres leased for oil and gas within the five WSA's; no current mining claims were in or near any of the WSA's. Evidence of mining activity was found at only one prospect in the WSA's. It is inside the Deep Creek/Battle Creek WSA; no resources or resource potential were identified at this prospect.

Jan 1, 1984

By Terry J. Close

The Gates of the Mountains Wilderness study area is underlain by intrusive and sedimentary rocks, mainly limestone. No limestone has been produced from the study area; suitable material is more readily available elsewhere. Small amounts of gold, sapphires, and corundum were produced from a placer deposit along the banks of the Missouri River. The remaining gravel contains low mineral values. Other alluvial deposits along the Missouri River and Beaver Creek contain no identified economic resources other than sand and gravel. Some deposits could provide suitable construction material for local use.

Jan 1, 1984

By Thomas J. Peters

The Goat Rocks RARE II further planning areas contain no known mineral resources and have very low mineral potentials. County mining records show only one mining claim area; however, no mineralized material was found at the described location. Andesite suitable for building stone may be present, but similar material can be quarried more economically elsewhere. Several anthracite coal prospects are near the area, but the likelihood of finding an economic deposit of coal or other fuel is very low.

Jan 1, 1981

By Richard S. Gaps

In 1983 the U.S. Bureau of Mines conducted a mineral survey of the Golden Valley Wilderness Study Area (WSA), CDCA-170. The 29,887 acre WSA, located in the western Mojave Desert near Ridgecrest, California, is underlain by pre-Tertiary plutonic rocks and volcanic and sedimentary rocks ranging in age from Miocene (?) or Lower Pliocene (?) through Pleistocene and Recent. No mines were operating in the WSA in 1983, nor is any mineral production known to have come from the WSA. Two mining claim blocks, portions of which are within the WSA, and seven isolated prospects, four inside the USA, were examined and sampled. No mineral resources were identified. Widespread propylitic alteration, with localized argillic and alunitic alteration, occurs along the southern boundary of the study area. Samples from claims and prospects within the altered zones are anomalous in gold, silver and arsenic, and some contain antimony, tungsten and mercury, indicating gold resources may exist. Alluvial sample results suggest recent claims in the northwest corner of the study area may also have gold resources. Portions of the study area are within the Randsburg Known Geothermal Resource Area while other segments are considered prospectively valuable for oil and gas and for sodium.

Jan 1, 1985

By Fredrick L. Johnson

The Jerry Peak, Jerry Peak West, and Boulder Creep: Wilderness Study Areas contain no identified mineral resources. Two workings, a 20-ft-long adit and a pit, were found in Paleozoic, brecciated, limonitic jasperoid in the east part of the Jerry Peak Wilderness Study Area (WSA), but no significant metallic mineral values were noted. Lenses and pods of quartz containing copper minerals occur in Paleozoic sedimentary rocks 1/2 mi north of the Jerry Peak West WSA. Similar rocks crop out along Pine Creep: in that study area but no copper-bearing quartz lenses were found.

Jan 1, 1984

By Fredrick L. Johnson

In deposits of the John Muir Wilderness, tungsten is the principal metallic element. Gold, silver, copper, and molybdenum could be recovered as by-products from most of the tungsten deposits. More than 1 million tons (0.9 million t) of tungsten resources are estimated to be along the fringes of metasedimentary roof pendants. Gold-silver deposits and silver-copper-lead-zinc deposits with small resources are found at several localities. The association of metal deposits with the intrusive-metasedimentary rock contacts and the widespread existence of these contacts, suggests additional resources exist. The area has no known potential for coal, oil, gas, or geothermal energy.

Jan 1, 1981

By Martin D. Conyac

Results of the minerals survey indicate low potential for the discovery of placer gold along Deck Creek aid for copper, silver, and gold in PreTertiary rocks within the boundaries of the Lake Fork RARE II area. Potential for oil, natural gas, coal, and geothermal resources is negligible. No evidence of economic mineral resources was found during the examination of the study area, and no assays of rock or placer samples taken from the urea showed economic mineral values. There are no producing or developing mines within the boundaries o of the lake Fork study area. SETTING Mining Districts The Lake Fork RARE II area is on the eastern fringe of the Cornucopia Mining District, which is centered about 6 mi west. It is also on the western edge of the Homestead district, centered about mi east.

Jan 1, 1983

By Clayton M. Rumsey

No producing or developing mines nor known mineral resources are in the Lower Saline Valley Wilderness Study Area. The inactive Bonanza Prospect has low potential for copper-gold-silver resources. Stone and sand and gravel deposits in the WSA do not constitute mineral resources because transportation costs to major markets are prohibitive. INTRODUCTION The Lower Saline Valley Wilderness Study Area (WSA) covers 2,241 acres in southeast California adjacent to and west of Death Valley National Monument (fig. 1). Access to the WSA is by the Saline Valley gravel road 28 mi northerly from its junction with State Highway 190. The junction is about 35 mi southeast of Lone Pine, CA. The WSA is characterized by moderate to steep, sparsely-vegetated slopes; elevation ranges from about 1,800 ft to 3,560 ft.

Jan 1, 1984

By Ronald T. Mayerle

In 1989, the U.S. Bureau of Mines conducted a mineral investigation of the Mallard study area near Elk City, Idaho. The study area comprises most of the original Mallard RARE II area (1-847) plus some additional lands. The investigation is part of an ongoing, multi-year study of north-central Idaho that is being conducted in cooperation with the Idaho Geological Survey and the U.S. Geological Survey (USGS). The only identified resources are rock suitable for road metal. Five lode prospects and a pyrite-bearing rock quarry, which is operated by the Forest Service for aggregate, were examined for metals. One of the prospects warrants additional exploration for silver in quartz veins, but the chance of finding an economically minable deposit is limited. Several rock and stream sediment samples were anomalous in various metals. Two of the more promising localities for gold and/or other metals are adjacent to a unit of the Frank Church-River of No Return Wilderness that the USGS classified as having a moderate potential for gold deposits related to fossil hot springs.

Jan 1, 1991

By Donald O. Capstick

In 1981, U.S. Bureau of Mines personnel conducted a survey of claims and prospects in the Wheeler Ridge RARE II area to determine if mineral resources or potential for resources exists at deposits in the area. Results of Bureau of Mines investigations indicate the area contains no identified mineral deposits. However, the geologic setting at the Round Valley Peak Prospect near the center of the study area is considered to be favorable for the discovery of tungsten resources with associated molybdenum and copper. Tungsten deposits, should they be present, would be expected to occur at depth in tactite at or near the calcareous rock-granite intrusive contact. Sand, gravel, and stone deposits in the area are not considered to be resources because equal or better quality material is available closer to major markets. INTRODUCTION The 16,200-acre (6,560 ha) Wheeler Ridge study area is 11 mi (18 km) northwest of Bishop, California, on the eastern flank of the Sierra Nevada range. The John Muir Wilderness adjoins the study area's western boundary (fig. 1).

Jan 1, 1983

By Alfred Jr. Petrick, William A. Vogely

INTRODUCTION The scope of mineral finance extends beyond the economic aspects of property evaluation to all of those activities involving acquisition and utilization of funds with an objective to optimize the value of the firm. It must, therefore, en- compass consideration of the overall financial goals of the firm, decisions involving external versus internal growth and domestic versus foreign investments, management of working cap- ital, efforts to minimize the cost of capital, and decisions with regards to the instruments of long- term debt and equity financing. The scope of this section is limited to considerations of special interest to the mineral or petroleum engineer, which include the following aspects of mineral finance: (1) The technical aspects of mineral or coal property or oil and gas reservoir evaluation which provide the basis for estimation and forecasting of revenues and costs. (2) Estimation and forecasting of costs and prices in a inflationary economic environment. (3) Calculation of cash flows which model .. , the investment in minerals, coal or oil, and gas. Such models require assumptions as to the timing of cash flows, escalation of capital and operating costs, base prices, and escalation, the tax regime, royalties, division of profits and the economic aspects of loans. (4) The role of discount rate in the economic analysis of an investment which requires consideration of the opportunity costs of the firm, cost of capital, risk premiums. (5) Risk analysis including application of the concepts of conditional net present value, expected value, and risk preference as well as the application of the techniques of sensitivity and simulation. (6) Selection of application criteria for in- vestment decision making. (7) Capital structure with particular reference to the effect of debt financing. (8) Consideration of sources of funds utilized by the minerals industries. (9) Long-range planning including portfolio analysis. This section is limited to principles, methodologies, and trends in mineral investment, finance, and long-range planning in the United States with a perspective from the year 1984. Consideration of the key concepts is supplemented by case examples of investment risk analysis and financial structure. Important factors affecting mineral investment evaluation during the 1980s include volatile metals prices, cost inflation, and the introduction of techniques requiring the computer and its capacity for improved technical and economic analysis into the hands of those who know most about the industry. The personal computer is replacing the calculator on the desk of the individual analyst and is rapidly becoming a required tool for the study of engineering and economics. Examples of change brought about by the micro-computer include greatly improved techniques of cost estimation, wider application of the computer for project analysis, computer graphics, reserve estimation, geostatistical analysis, mine design and other techniques that capitalize on the ability of the computer to handle

Jan 1, 1985

It is a privilege for me to participate in this vitally important discussion of The Role of Governments in the Management of Resources. The distinction of my fellow participants is evidence that this event is a matter of extreme importance and attracts international attention. In the management of natural resources, government and private enterprise share awesome responsibilities for the economic well-being of nations. Mining and its relation to the prosperity of nations is almost as old as recorded history. Copper was being mined and extractive metal- lurgy practised at Timna in Israel's southern desert as far back as 4000 B.C., and the rich mines of Laurium not only saved the Greeks from Persian domination 2500 years ago, but also provided Athens with a monopoly of silver in the Mediterranean world. This bolstered the economic power of Athens and led to the golden age of Greek commerce and culture.

Jan 1, 1978