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By R. A. Jankowski

Although the number of operating longwall mining systems has remained relatively consistent over the past five years, longwall production levels have increased significantly during this period. Longwall production currently accounts for approximately 50% of U.S. underground coal production. While longwalls are highly productive and offer other advantages, operations employing this method of mining continue to experience dust compliance problems. This increased longwall productivity has meant that far more dust is being produced. An improved understanding of the longwall face ventilation system and advancement of face ventilation technologies are necessary to ensure all face personnel are allowed to work in an environment that is free of excessive levels of airborne respirable coal mine dust. The Dust and Toxic Substances Control Branch of the National Institute for Occupational Safety and Health's Pittsburgh Research Laboratory has examined several basic principles of the longwall face ventilation system, and has evaluated the effectiveness of numerous improved face ventilation techniques for longwall mining systems. These include identifying improved techniques for measuring face ventilation parameters on longwall mining sections and investigating the fundamental relationship between face air flow and the entrainment and dilution of respirable coal mine dust. Studies have been completed to determine the impact on face dust levels from using belt entry air to ventilate the longwall. Novel methods have been identified to increase the amount of face air flow and to manage face air flow to most effectively minimize face workers' dust exposure. Unique systems of auxiliary face ventilation have been developed and evaluated at full-scale, simulated longwall test facilities. The theoretical and applied aspects of each of these principles and technologies are discussed. Application of these results, throughout the longwall mining industry, as documented from surveys conducted in the early 1980's and 1990's, have reduced the health hazard associated with excessive exposure to respirable coal mine dust.

Jan 1, 1998

By Dongjie Zhang, Shuxin Liu, Jianduo Wang

Broken rock mass and unreasonable stope structure parameters can cause excessive ore loss and dilution in sublevel caving; this is the main problem faced by caving mining in recent years. This paper proposes a stope structure parameter optimization method suitable for steeply inclined medium-thick broken ore bodies and evaluates the reliability and effectiveness through case studies. To solve the problem of large ore loss and dilution in the high-end wall sublevel caving method of Xilinhot fluorite mine, it is necessary to select proper stope structure parameters. Based on the theory of random media, an end-wall ore drawing experiment was carried out, and the bulk flow parameters needed to optimization of stope structure parameters were determined. In the experiment, it was found the draw-out body of high-end wall ore drawing showed a fine top and a thick bottom; the granular media had good fluidity. The reasonable caving step is determined to be 1.2 m instead of the 1.6 m originally used. Through the optimization experiment of the mining route position along the vein, the study found that the best route position is different with the ore body inclination. When the inclination angle of the ore body was 90°, the reasonable route was located in the center of the ore body. When the inclination angle of the ore body was between 85° and 90°, the route moved from the center of the ore body to the footwall at a rate of 22.5%. When the inclination angle of the ore body was between 80° and 85°, the route moved to the footwall at a rate of 54.8%. When the inclination angle of the ore body is not greater than 80°, the route should be arranged on the boundary of the footwall. Field application results showed the dilution rate reduced by 7.66% and the recovery rate increased by 7.31%. Field test results verify the effectiveness and applicability of the optimized stope structure, which corroborates the effectiveness and applicability of the optimized stope structure.

Mar 10, 2022

By R. J. Lee

Asbestos analysis is conceptually simple. The objective, in most environmental analyses, is to determine the number of asbestos fibers per unit area or volume in a sample. The sample may be a consumer product, an ambient air sample, or a water sample. This determination is complicated by several factors including sample collection and preparation, counting techniques, and the operational definition of asbestos in use. Three different definitions have been used in the study of environmental samples; these are summarized in Table 1. [ ]

Jan 1, 1979

By M. K. Boateng, K. Awuah-Offei

"Mining companies have started using quantitative tools, including computer models of community interaction, to gain intelligence on social risks surrounding their projects. Models of changes in community preferences regarding mining projects over time are useful for evaluating changes in project risk due to changes in the social license to operate. For example, agent-based models that use information diffusion models and social networks are useful for studying those changes due to information diffusion. However, such agent-based models are sensitive to many input parameters including the parameters of the diffusion model and the average degree of the social network. This work evaluates the sensitivity of such a model to diffusion and network model parameters (probability of imitation, probability of innovation, and average degree) using the first order and total sensitivity indices. The results show that the model is much more sensitive to the probability of imitation than the other two parameters. Thus, to reduce uncertainty surrounding the model’s predictions of community acceptance of mining, mines need to obtain accurate estimates of the probability of imitation. INTRODUCTION Mining companies have started using quantitative tools, including computer models of community interaction, to gain intelligence on social risks surrounding their projects. Models of changes in community preferences regarding mining projects over time are useful for evaluating changes in project risk due to changes in the social license to operate. For example, agent-based models that use information diffusion models and social networks are useful for studying those changes due to information diffusion. However, such agent-based models are sensitive to many input parameters including the parameters of the diffusion model and the average degree of the social network. This work evaluates the sensitivity of such a model to diffusion and network model parameters (probability of imitation, probability of innovation, and average degree) using the first order and total sensitivity indices. AGENT-BASED MODEL OF COMMUNITY ACCEPTANCE A few researchers have started using agent-based models to study mining systems (Fujiono 2011; Nakagawa et al. 2013; Bahr 2015; Boateng and Awuah-Offei 2017a, b). Nakagawa and co-workers used ABM to evaluate dynamics of a mining project’s stakeholder networks whereas Fujiono used ABM to study innovation diffusion in the mining industry. Our previous work has presented models and a framework for modeling information diffusion in a mining community and its impact on level of acceptance (a measure of SLO) of the mining project (Boateng and Awuah-Offei 2017a, b)."

Jan 1, 2018

By James S. Goff, Stephen J. Navin, Wesley W. Moulton

The White River Shale Oil Corporation (WRSOC), as agent for Phillips Petroleum Company, Sohio Shale Oil Company, and Sun Shale Oil Company, is developing a prototype oil shale facility on Federal Lease Tracts Ua and Ub, located in northeastern Utah and known as the White River Shale Project (WRSP). The Ralph M. Parsons Company (Parsons) has been retained as the design engineer/constructor for the project. This paper covers the successful pregrouting of the Bird's Nest Aquifer in conjunction with the sinking of a 9.2-m (30-ft)-diameter shaft and driving of a 3.89-m by 5.64-m (18.5-ft by 12.75-ft) decline. The Bird's Nest Aquifer derives its name from the ellipsidal solution cavities caused by leaching of random-size nacholite nodules. The sodium bicarbonate nodules occur as persistent bands within a matrix of siltstone and marlstone. The team, made up of the owner, engineer/contractor, and subcontractor successfully grouted the shaft down to an inflow of less than 0.06 lps (1 gmp) and the decline down to less than 0.12 lps (2 gpm) by injecting a total of 213.190 kg (470,000 lb) of Celtite Terraseal, 113,400 kg (250,000 lb) of limestone dust, and 41,730 kg (92,000 lb) of cement into the formation.

Jan 1, 1985

By Robert B. Tippin

A number of recent studies 1-4 suggest that steelmaking expansion might be achieved more economically by a combination of the prereduction furnace and the electric steelmaking furnace rather than through new blast furnace construction. Supergrade concentrates would be the first step in an evolving technology which bypasses the blast furnace and in which the concentrates are first made into pre¬reduced pellets and then used directly in electric steelmaking, Prereduced pellets made from superconcentrates should not only be competitive with scrap, but should be a preferred feed for the electric furnace because of the absence of such residual elements as copper and nickel. Furthermore, geographic areas remote from present steelmaking centers may find the electric furnace to be an economical method of providing local steel requirements. The development of successful methods of producing superconcentrates may also be expected to find application to conventional blast furnace burdens. The need for methods of increasing grade of domestic concentrates will become increasingly urgent in the face of competition from high grade imports. Only a small percentage of domestic iron ore production can qualify as superconcentrates, (Superconcentrates for the purpose of this investigation are limi¬ted to those concentrates which contain a maximum of 2 percent S'02). During the last several years the Twin Cities Metallurgy Research Center of the Bureau of Mines has directed research efforts to develop methods of manufacturing superconcentrates from present standard grade products by cationic flotation, screening, and magnetic separation.

Jan 1, 1971

By Brendan Demich, Brendan Macdonald, Timothy J. Orr, Jonathan K. Hrica, CASSANDRA L. HOEBBEL, Jason Navoyski, Jennica L. Bellanca

Haul truck fatal accidents and injuries continue to be a significant concern for the mining industry. However, the availability of high-quality training materials continues to be limited. Near-miss incident accounts, if packaged well, could help fill this gap, because for every fatality, there are hundreds of reportable accidents and thousands of undocumented near misses. Researchers from the National Institute for Occupational Safety and Health (NIOSH) collected detailed accounts of 21 near-miss incidents in virtual interviews with mineworkers at surface mining operations across the country. From these interviews, researchers created four simulation videos using the Unity game engine. The simulation videos bring these events to life through first-person retelling and various visual perspectives of actual events. Each video exemplifies a critical safety message and a common haul truck hazard. This paper describes the process of taking narratives and turning them into impactful visual stories using graphic simulation. NIOSH plans to co-release these simulation videos with the Mine Safety and Health Administration (MSHA) to the mining industry to raise awareness and ultimately help reduce haul truck-related accidents and fatalities in mining.

Jun 1, 2023

By Yves C. Lizotte

Although blasting remains the most inexpensive method of fragmentation in hardrock mining, the significance of the costs of blast-induced rockmass damage in terms of mining efficiency and safety is becoming increasingly recognized. There is no straightforward and systematic method of adequately measuring blast damage in on-going mining operations. This paper considers various techniques available to measure blast damage, making particular reference to recent underground hardrock mine studies. It concludes by proposing a damage audit procedure for integration into routine mine production control.

Jan 1, 1996

By D. R. Willmer, E. J. Haas

"DISCLAIMER The findings and conclusions in this paper are those of the authors and do not necessarily represent the views of the National Institute for Occupational Safety and Health. Reference to specific brand names does not imply endorsement by the National Institute for Occupational Safety and Health. ABSTRACT This study analyzed the publicly available health and safety policies of 26 mining companies to determine the quantity of health and safety (H&S) practices that mining companies encourage in relation to the Plan-Do-Check-Act cycle. A thematic content analysis of the policies identified elements and practices within the text. On average, companies communicated information on about 7 elements (range 1–14, standard deviation = 3.49) and discussed 15 practices (range 2–34, standard deviation = 9.13). The elements in which companies highlighted the most practices were risk management, emergency management, leadership development, and occupational health. A discussion of the policy trends shows areas that mine sites can improve upon within their Plan-Do-Check-Act cycle, in addition to encouraging the use of both leading and lagging indicators to manage health and safety performance. INTRODUCTION Mining companies and their employees are expected to identify and manage risks at their worksites to ensure the health and safety (H&S) of everyone at the site. The primary mechanism in place to control these risks is a company’s health and safety management system (HSMS) (Boyle, 2012). Broadly, an HSMS is a set of standard, interrelated, and interacting elements used to promote and achieve occupational H&S goals (ANSI/AIHA Z-10, 2012; BS OHSAS 18001, 2007). The practices conveyed within an HSMS are expected to minimize incidents, injuries, illnesses, and even save worker lives (Alsop and LeCouteur, 1999; Arocena and Núñez, 2010). In the United States, both the Occupational Safety and Health Administration (OSHA) and Mine Safety and Health Administration (MSHA) regulate and encourage aspects of an HSMS (US Federal Register, 2011, 2010). Many HSMS documents (i.e., Chemical Industries Association, 1995; Health and Safety Executive [HSE], 1995; International Labour Office [ILO], 2001) attribute the source of their basic management system to Deming’s Plan-Do-Check-Act (PDCA) model of continuous quality improvement and organize their practices within this cycle (Johnson, 2002). The PDCA cycle is a well-adopted approach in health and safety management and promotes continuous learning and adaptability (Robson et al., 2007)."

Jan 1, 2018

By Dr. Ing. Hermann Boldt

The Bituminous Coal Mining Industry of the Federal Republic of Germany produces nearly 100 million t/yr of clean coal. The largest coal mining area is the Ruhr District with dimensions of 100 x 40 km (65 x 25 miles). Figure 1: Here is the general administration of Ruhrkohle Akteingesellschaft RAG with its three divisions. Other coal mining areas in Germany are the Saar District and the Aachen District. Ruhrkohle produces 70 million t/yr of clean coal. The company operates 28 mines in the Ruhr District with an average raw coal production of 18000 t/day. Their average mining depth is 831 m (2740 ft.) and the average seam thickness is 177 cm (70 in.). Figure 2: Preparation plant reject is 44.6%. All following production figures will be with reference to raw coal because the raw coal production is the technically relevant number. Mining operations are mainly in non-dipping coal deposits whereby mechanized equipment for flat seams is also applied to deposits dipping up to 45? Coal extraction is done exclusively by the longwall method. Approximately 200 longwall installations are in production at any time. The average longwall length is 221 m (730 ft) ranging between 140 and 290 m (460 ft and 960 ft). The average longwall advance of all operations is 2.8 m/day (8.4 ft per day). Average production

Jan 1, 1977

By Yuting Xue, Alper Kirmaci, Taghi Sherizadeh, Khaled Mohamed

Resin-grouted bolts serve as a crucial means of stabilizing yielded coal ribs in underground coal mines. A comprehensive investigation into their efficacy was undertaken by a collaborative effort between the National Institute for Occupational Safety and Health (NIOSH) and Missouri University of Science and Technology (MST). This study involved pull-out tests in multiple locations, including six coal mines and the NIOSH research mine. A total of seventy-three (73) tests were conducted, of wide range of anchorage lengths, ranging from a short encapsulation length of 0.305 m to a fully grouted encapsulation length of 1.524 m. The test findings indicate that when short encapsulation bolts are installed at high rotation speeds, their anchorage capacity is significantly reduced, leading to failure at the bolt-grout interface. Conversely, when these bolts are installed at lower rotation speeds, they exhibit greater capacity, with failure occurring at a higher anchorage load equivalent to the yield load of steel rebar. No matter what the rotational speeds were used during bolt installation in this study, the fully grouted bolts consistently experienced failure at the ultimate load of the steel rebar. Most of the tests carried out on partially grouted bolts with anchorage lengths of 0.610 - 0.914 m have shown behavior patterns like the fully grouted bolts, although exhibiting reduced stiffness. The outcomes of this research offer a profound insight into the ways in which resin-grouted bolts enhance the stability of coal mine ribs.

Feb 1, 2024

By A. Arik

Reliable ore reserve estimates for deposits with highly skewed grade disributions are difficult tasks to perform. Although some recent geostatistical techniques are available to handle problems with these estimations, ordinary kriging or conventional interpolation methods are still widely used to estimate the ore reserves for such deposits. The estimation results can be very sensitive to the search parameters used during the interpolation of grades with these methods. This paper compares the ore reserve estimates from ordinary kriging using several cases in which certain search parameters are varied. The comparisons are extended to different mineralizations to show the changing effects of these parameters.

Jan 1, 1990

By B. W. Cavender

Innovative mining and metallurgical operating techniques or processes can be identified and developed by systematically analyzing change as it occurs within the mine, plant, technology, or industry. Sources of change to be monitored for innovative opportunities include unexpected successes or failures, incongruities between perceived and actual events, process needs, changes in perceptions, and the development of new knowledge. Innovation can be effectively organized, practiced, and managed. The perception of change as an opportunity rather than a threat is mandatory, as is the systematic measurement of innovative performance. Innovation is enhanced by specifically-designed policies regarding organizational structure and staffing, daily management practices, and compensation and incentives.

Jan 1, 1994

By Y. C. Kim

Using an exhaustive data set of Walker Lake, four different kriging techniques plus the inverse distance squared weighting were compared with regards to each one's performance in accurately estimating the block grades. The North-West quadrant of the Walker Lake data area was used because of its extreme variability of values and its distinct contour of the values. There were 1900 exhaustive data points in the selected area from which a total of 121 samples were drawn following the sampling strategy given in Isaaks and Srivastava (1989). The average of 5 x 5 exhaustive data points was treated as the true, known block grade. A total of 780 blocks, each block corresponding to the average of 5x5 exhaustive data points, were then estimated using the 121 sample points. The resulting estimates were then compared with the true known values to determine each technique's prediction performance. For this particular portion of the Walker Lake and for the given sampling strategies used, the obtained results for the global estimation are mixed. For the variable U which is much more variable, the rankings are; 1) Jackknife Kriging (JK), 2) Indicator Kriging (IK), 3) Inverse Distance Square weighting (IDS), 4) Ordinary Kriging (OK), and 5) Log-Jackknife Kriging (LJK). For the variable V, the results are; 1) OK, 2) IK, 3) JK, 4) LJK, and 5) IDS. When we apply several cutoff grades to the estimates to determine the conditional mean grades and tonnage, the above rankings generally get shifted around. Two exceptions to these cases are; a) UK for U and b) IDS for V. These two consistently ranked at the bottom.

Jan 1, 1995

By A. O. Drysdale

From a mining point of view the Portland Cement Industry falls logically into the Industrial Minerals Division. Portland Cement manufacture requires four principal materials, lime, silica, alumina and iron. The usual source of lime is limestone. Silica sources include clay, shale, quartz, sandstone and sand. Alumina is usually provided by selecting a silica source with a suitable alumina content such as clay and shale. "Cement Rock" is occasionally found in which all four ingredients are found in natural combination or sufficiently close that only minor adjustments are required. In the absence of iron oxides a white cement can be produced. All raw materials used in Canada contain some iron and in most plants further minor quantities of iron are added to promote fluxing, hence the typical grey colour of Portland cement. The modern period in cement manufacturing started in 1824 when Joseph Aspdin of England patented a process for the manufacture of a modified hydraulic cement which he called "Portland Cement". Hydraulic cements are cements that harden under water. Although natural cements, made by calcining and grinding natural argillaceous limestone were produced in Canada as early as the 1830's, Portland cement was not produced in Canada until 1890, about 18 years after it was first made in the United States.

Jan 1, 1964

By J. P. Rider, T. W. Beck, J. A. Organiscak

"The National Institute for Occupational Safety and Health (NIOSH), Office of Mine Safety and Health Research (OMSHR) has recently developed a series of models utilizing Computational Fluid Dynamics (CFD) to study gas distribution around a continuous mining machine with various fan-powered flooded bed scrubber discharge configurations. CFD models utilizing Species Transport Model without reactions in FLUENT were constructed to evaluate the redirection of scrubber discharge toward the mining face rather than behind the return curtain. The following scenarios are considered in this study: 100% of the discharge redirected back towards the face on the off-curtain side of the continuous miner; 100% of the discharge redirected back towards the face, but divided equally to both sides of the machine; and 15% of the discharge redirected toward the face on the off-curtain side of the machine, with 85% directed into the return. These models were compared to a model with a conventional scrubber discharge where air is directed away from the face into the return. The CFD models were calibrated and validated based on experimental data and accurately predicted sulfur hexafluoride (SF6) gas levels at four gas monitoring locations. One additional prediction model was simulated to consider a different scrubber discharge angle for the 100% redirected, equally divided case. These models identified relatively high gassy areas around the continuous miner which may not warrant their use in coal mines with medium to high methane liberation rates. This paper describes the methodology used to develop the CFD models, and the validation of the models based on experimental data.INTRODUCTION Methane gas and respirable dust are two hazards frequently encountered at continuous miner (CM) operations. An accumulation of both methane gas and coal dust may lead to massive explosions underground [1], and overexposure to respirable coal dust can result in pneumoconiosis (commonly referred to as “Black Lung Disease”) in coal workers [2]. Current U.S. federal coal mine regulations limit concentrations of methane gas to below 1% at the face area and require exposures to respirable coal dust to be at or less than 2.0 mg/m3 for an 8 h shift average. Begin on August 1, 2016; the overall respirable dust standard in coal mines is reduced from 2.0 to 1.5 mg/m3 for full shift sampling. If the quartz content of the dust exceeds 5% by weight, the dust standard becomes more stringent, reducing the allowable concentration to the value of 10 divided by the % quartz."

Jan 1, 2015

By Richard L. Gordon

Coal supply analysis has since about 1973 become a major activity of many scholars and consulting firms. The present paper is an effort to explain in as nontechnical fashion as possible the state of the art and what implications, if any, the research has for those actually engaged in producing coal or regulating the industry. l The discussion stresses the coal supply side of the models and makes limited comments about other elements in the analysis. To orient the appraisal, it is desirable to recall the features of coal supply that an adequate model should capture. The first considerations are the locational aspects of the industry. Transportation costs can, in some cases, exceed the production costs of coal, and thus any adequate model must incorporate a treatment of the economics of transporting coal from one location to another. A second major issue is that of the heterogeneity of coal; models should treat as well as possible such key differences among coals as their Btu and sulfur content. Third, we recognize that, with given technology and labor, capital, and supply costs, an expansion of the supply of a given type of coal in a specific region will occur only if prices rise. This is the familiar proposition of textbook economics that supply is an increasing function of price. Finally, over time, changes in technology, input cost, and depletion interact to cause changes in the price of given amounts of coal. Economics represents the net effect of this process by a shift over time in the supply curve. During the 1950s and 1960s, the trend was to reduce the production costs of a given output; subsequently costs rose sharply.

Jan 1, 1977

By VIVEK KUMAR HIMANSHU, Murari Prasad Roy, Kaushik Dey, Rakesh Kumar Singh, Ashish Kumar Vishwakarma

Sublevel stoping is the most popular and practiced mining method in underground hard rock mines. Proper planning and its execution is the key requirement for stope extraction using this method. The stope extraction has been a challenging task since decades. The major reason is the unavailability of free faces as compared to opencast bench blasting. The geological and geotechnical parameters change gradually even within the stope itself. So, the blast design parameters should be planned according to the scenario of the upcoming ring. The blast design parameters like burden, toe spacing, inclination of blastholes, diameter of blastholes, charge density of explosive, etc., play an immense role in the rock damage. For the proper breakage of rock, the movement of burden is the prime objective. To study this, an explicit dynamic based modeler of M/s Ansys was used. The burden values were varied from 20 to 65 times of blasthole diameter to assess the optimum burden value during the study. The models were simulated for the rock having uniaxial compressive strength as 35 MPa and 102 mm blasthole diameter. Three holes were simulated having depth around 14–14.5 m. Different blast design parameters and respective blast-induced ground vibration have also been measured at the experimental site. The core samples of the rock present at the experimental site have been used for the evaluation of geotechnical parameters. These geotechnical parameters were used in the simulation models. The volume of rock excavated along the free face has been calculated in each model by varying the burden. It has been found that the burden value can varies from 35 to 40 times blasthole diameter (3.6–4.1 m) to achieve a greater volume of rock along the free face for 102 mm blasthole diameter and rock of 35 MPa uniaxial compressive strength.

Dec 22, 2023

By David S. Cahn

For many years the green and dry compressive strengths' of pellets have been, considered as possible criteria of pellet performance during induration. Although widely quoted throughout the industry, little attention has been given to standardizing the unfired pellet compressive strength test or to determining the characteristics of the test. The purpose-of this study was to compare the constant deformation rate test with that using a constant loading rate in addition, the dependence of these tests on such pellet properties as size, weight, and method of balling was to be investigated.

Jan 1, 1967

By Alexander Sutulov

1. INTRODUCTION According to the classical economic approach of the open market economy, copper supply should be regulated by market forces which are (a) demand and (b) prices. In fact, demand is of primordial importance because prices are a reflection of supply-demand balance: they go up in times of shortages of supply and down when over-supply situation exists. In the past few years, this basic mechanism of market economy has been under pressure from a number of non-market forces, such as social and monetary problems of sane important copper producing countries; structural changes in copper mining companies through mergers with oil companies; and other factors which greatly contributed to distortion of the basic supply-¬demand equation. As a result, we have faced in the last three years a situation of oversupply rarely seen in the past, with a catastrophic fall in copper prices, huge losses at mines and unprecedented indebtedness of copper producers. This has deep repercussions in the copper business and its future supply outlook. This is particularly so when taking into consideration that high indebtedness and high interest rates conspire against the very survival of some traditional producers. As we write this comment (July of 1985), close to one half of U.S. copper production capacity is closed down, sane of it for good, while the same precarious situation exists in Canada, Australia, Zambia, and some other primary producers who cannot face present low prices with equally low costs. The question is then what this situation means for the medium-¬term future, until the end of this decade, Particularly when taking into consideration the fact that some of the factors influencing it are of a long-term character. 2. SUPPLY-DEMAND SITUATION IN THE LAST FIVE YEARS Since the last boon year, in 1979, when world copper consumption reached a record of 9.8 million metric tons of refined copper, demand dropped to only 9.0 million tons in 1982, when the crisis bottomed out, and then steadily recovered to the level of 9.7 million tons in 1984. Meanwhile, copper production, which in 1979 was only 9.4 million tons, in spite of the fall in demand, grew to 9.7 million tons in 1981 and 1983 and only temporarily was cut to 9.4 million tons in 1982 and to 9.5 million tons in 1984. As a result of this imbalance, hugh copper stocks were accumulated with supply systematically out¬growing demand by over 2 million tons at one time. With the Western World refined copper demand running at an average of 115,000 tons per week, this oversupply was equivalent to between 15 and 18 weeks production, i.e. twice as large as normal. This was immediately reflected in very low copper prices. Another contributing factor to relatively low copper prices was the lack of speculator interest for this commodity. Between 1981 and 1984 the world experienced a very intensive period of wealth distribution, high interest rates and intensive restructuring off world economy and its industrial sector. Therefore, much of the available money was attracted to more lucrative and attractive investments rather than to the lack-luster performance of copper, and for that matter, of the metal sector in general. The much announced and discussed recovery of the U.S. economy since 1983, and particularly in 1984, with an overall growth of the GNP by 6.8% in 1984, happened to be more oriented to the service sector than the industrial sector and therefore this recovery was not adequately reflected in copper consumption nor to metals in general. This put serious doubts about the future demand for copper. Consequently copper prices failed to improve in spite of an apparent fall in stocks and a healthy increase in the demand for copper since 1982. At the time of this writing (July, 1985), although same analysts claim that the available stocks are running at about 8 weeks of supply, which are considered to be below normal, copper prices are still very low at between 65 and 67 cents per pound of copper. Part of the answer may be the normal seasonal slow-down period in the Northern Hemisphere due to summer vacations and

Jan 1, 1986