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By G. A. Vissac

In continental Europe the feldspar jig is used almost exclusively for cleaning the fine sizes of coal; it operates with an artificial bed, made up generally of pieces of feldspar or of any other hard and heavy rock with good cleavages. A primitive form of this machine requiring close supervision was used in this country years ago, but output was small. The modern machines are generally air-pulsated Baum-type jigs, with capacities up to 150 tph, and treat sizes from 3/s in. to 0, usually previously dedusted or deslimed. These jigs are equipped with very accurate and sensitive automatic controls insuring satisfactory operation even at low separating gravity and with feeds irregular in quality and quantity. This paper will deal more particularly with coal cleaning separation, but the technical studies apply equally to all minerals.

Jul 1, 1955

By K Zunica, A R. Penney

The principles of three-dimensional geological modelling are well understood and routinely used. Sample data is collated and geostatistical tools used to ensure that sample data is suitable for its end use, which is typically a block model that is appropriate for mine planning. What has become increasingly apparent is that physical rock properties and geotechnical parameters need to be incorporated into the three-dimensional geological model to create an integrated mine model.The approach to the collection of geotechnical information is not as highly prescribed and controlled as collection of geological data. Commonly, the geotechnical data set is incomplete and inconsistent, with little consideration of what the end use will be by those collecting the data, or how the geotechnical data might relate to the geological data. In some cases, specific geotechnical investigation programs are completed, yet correlation between those programs and previously collected data is rarely undertaken to the same level of diligence as found in the geology field.There are some obstacles that need to be considered when attempting to incorporate geological parameters, such as grade, lithology, and geological domains with geotechnical information such as rock quality designation (RQD), rock mass rating (RMR), rock strength, and geotechnical domains into the same three-dimensional block model. Interpolation or geostatistical estimation methods used for grade estimates might not be appropriate for many components in rock characterisation, particularly search geometries. A number of examples are provided to illustrate issues underlying some of the data collection procedures, and their effects on three-dimensional geotechnical modelling.The example presented attempts to highlight generally observed shortcomings in the collection of geotechnical information, parameters which need to be considered when combining geological and geotechnical data into the same model, and the benefits of having a combined block model from the beginning of a project.CITATION:Zunica, K and Penney, A R, 2014. Integration of geological and geotechnical data for three-dimensional modelling, in Proceedings Ninth International Mining Geology Conference 2014 , pp 291–298 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Aug 18, 2014

By J. -C. Tedenac, C. Colinet, X. Tao, P. Jund, R. Viennois

"We report an ab-initio study of the stability and electronic properties of transition metal silicides in order to study their potential for high temperature thermoelectric applications. We focus on the family M5Si3 (M = Ta, W) which is stable up to about 2000 °C. We first investigate the structural stability of the two compounds and then determine the thermopower of the equilibrium structure using the electronic density of states and Mott’s law. We find that W5Si3 has a relatively large thermopower but probably not sufficient enough for thermoelectric applications.IntroductionIn the search of new sustainable energies, thermogeneration of electricity is one of the promising ways, notably because it is able to produce electricity from different kinds of heat wastes and to its portability. However, despite recent progress in the field, the state-of-the art materials have specificities making their mass-production difficult or even impossible: toxicity (thallium, chalcogen or/and pnictogen based alloys), weak abundance (tellurium based alloys) or cost (germanium or rare-earth based alloys). For all these reasons, finding thermoelectric materials without these drawbacks is vital if we wish to use high temperature thermoelectricity for generating electricity in the near future. Due to their abundance, low cost and low toxicity, transition metal silicides are candidate materials of primary interest and the slightest advance in this field would immediately find an application for the thermogeneration of electricity."

Jan 1, 2011

By R. W. M. Lai

The study of flotation kinetics was first reported by Garcia-Zuniga1 in 1935. Since then, literature on the subject has grown with the time. 2-19 Although there is an abundance of flotation kinet¬ics models available in the literature to describe flo¬tation systems, they are mostly of academic interest and are seldom applicable for use in the industrial environment. Several reasons contribute to the wide gap in the industrial -application of the academic models. These include: 1) the lack of generality in the model, e.g., the model is limited to certain size ranges; 14 2) the academic models involve complicated mathematics; 5,6,10,11 3) confusion about the order of the flo¬tation rate, e.g., several authors proposed a first order rate model, 1,15,16 whereas the others propagated a second order rate model: 2,17,18,194) the use of an unrealistic rigid value, such as the use of a maximum recovery of 100%, 5,8,19 which is unrealistic in industrial operations; and 5) the use of graphs that confuse the reader rather than interpret information. 2,3,10 This paper intends to introduce a simple and easy to understand empirical flotation kinetics model along with a way of presenting the model in an informative graphical form, which should stimulate the interest of other practical engineers to become concerned with practical application within the mineral industry.

Jan 1, 1982

By P. G. Linder

The mechanical concentration of ores has not attained any considerable extent in Sweden, by reason of a scarcity of ores calling for this kind of treatment. Of rich iron-ores there is still an abundant supply; and magnetic concentration, which in the future undoubtedly will become of great importance, not being as yet demanded by necessity, has not advanced beyond a few experiments. At the copper-mines mechanical concentration has been superseded by chemical processes; the lead mines are worked out; and it is (with one exception) only the mines producing blende, or blende and galena intimately mixed, that have adopted mechanical methods for enriching their low-grade ores. While the concentrating-plants in Sweden are few and their output is comparatively insignificant, the methods employed, the general features of the work and the results obtained under extremely unfavorable conditions, may offer some points of interest to persons who are engaged in this branch of industry and have similar problems to deal with. Before going into a detailed description of the several plants, I will offer a few remarks that hold good for all of them and constitute a general review of Swedish concentration and its conditions. At all the works the ore to be treated is a mixture of blende and

Jan 1, 1895

By J McQuie

The concentrator at WMCÆs Leinster Nickel Operation has operated with flash flotation in the grinding circuit since the early 1990s. There has always been a positive correlation between flash flotation Ni recovery and overall Ni recovery û however this relationship could be explained by differences in the ore, rather than by the action of the Flash flotation cell in reducing overgrinding of Ni. In July 2003, refurbishment within the plant made it necessary to operate the concentrator for a period with the flash flotation cells off. The resulting data set provided evidence that flash flotation in the grinding circuit changes the size distribution of Ni to reduce the amount of slow-floating fine (-7 ¦m) Ni produced. Ni recoveries in the finer size fractions were similar with flash flotation on or off û but because less fine Ni is produced when the flash flotation cells are operated, overall Ni recovery improved.

Jan 1, 2005

By L. Beiza, L. Velásquez-Yévenes

Chalcopyrite is by far the most abundant copper sulphide on Earth, but it has proved to be problematic in its processing by leaching, mainly related to its refractory nature, slow kinetic rates of dissolution and the formation of an inhibiting product layer on its surface during leaching. This study is focussed on the electrochemistry of chalcopyrite dissolution in acidic chloride system, which has recently gained attention as a feasible alternative to conventional sulphate media for chalcopyrite leaching. It is well understood that chalcopyrite dissolution from mineral grains depends strongly on the solution redox potential at the mineral surface as well as the composition of the product layer that may form on its surface. The chloride ions in solution support the Cu(II)/Cu(I) couple as the primary oxidant, as they can form complexes with the cuprous ions formed, increasing the dissolution rate. Additionally, these ions increase the potential range where chalcopyrite can be oxidized. The chemical reaction that occurs on the surface of chalcopyrite in chloride solutions in the presence of cupric ions will be characterized and the coulometry of the reaction will be reported to understand what is happening on the surface of chalcopyrite. Electrochemical experiments have been carried out to investigate the behaviour of mixed potential by open circuit potential (OCP) measurement for 30 minutes using sulphuric acid at pH 1 under nitrogen at 25⁰ C. The effect of chloride was analysed at 0, 20, 50 and 100 g/L and cupric ions from 0 to 50 g/L. The potentials obtained were then used to carry out chronoamperometry tests for a period of 30 minutes in absence of cupric ions. The mixed potential did not show a significant difference with an increase in cupric concentrations in the absence of chloride. Increased mixed potentials and current densities were observed at higher chloride and cupric concentrations. Chronoamperometry tests at those potentials were used to construct a voltammogram trace which has the same trend as a normal cyclic voltammogram but with much lower current densities. INTRODUCTION As a result of the depletion of copper oxides, the leaching of copper sulphide minerals has become the focus of many studies. Chalcopyrite, (CuFeS2) which is the most abundant of copper minerals, has proved to be challenging to process via hydrometallurgy, mainly related to its refractory nature, slow kinetic rates of dissolution and the formation of an inhibiting product layer on its surface, during leaching.

Jan 1, 2019

By Greg Barfoot, Kurt Keskimaki

The Henderson Mine is located approximately 50 miles west of Denver, Colorado. A project is underway to replace the existing rail system which transports molybdenum ore 15 miles from the mine to the mill using three flight conveyor system. The first conveyor is a 1 mile, high lift conveyor which transports the ore from an underground crushing station to the end of the existing rail tunnel. The second conveyor is 10 miles in length and utilizes the existing rail tunnel to transport the ore from the mine, which is on the east side of the Continental Divide, to the mill located on the west side. The third conveyor takes ore from the tunnel portal to the mill through a series of 7 horizontal curves and inclines up to 15 degrees. The project applies advanced conveyor design to tackle the installation of the system in an operating mine and achieve the highest possible level of reliability. This paper outlines the design process for this system, discusses the options which were evaluated and how the current design evolved.

Jan 1, 1998

By J. T. Price

The study was undertaken to investigate the effect in the charge to a blast furnace of zinc and alkali contents, which tend to form accretions and scaffolds in the upper sections of the furnace. Commercial iron oxide pellets were reduced in a CO:N2, 40:60 gas mixture in a 5-cm by 5-m counter-current reactor (Rist-type apparatus) designed to simulate blast-furnace conditions. Pellets from a commercial magnetite concentrate were prepared in the laboratory with zinc (1% ZnO) and alkali (1% KOH) additions to the concentrate. Reducibility, crushing strength and swelling tests were carried out and the results compared with test data from pellets prepared without additions. The results indicated normal behaviour for those pellets containing zinc, whereas those containing alkali swelled catastrophically under the same reducing conditions.

Jan 1, 1977

By William E. Mead

Although this paper has been entitled "Design of Embankments for Tailings Ponds and Waste Dumps," a better title might have been "Site Selection and Design Planning for Tailings Ponds and Waste Dumps," The procedures normally followed in performing the engineering calculations based upon the measured soil properties will not be detailed. Instead, we shall look at the subject in broader perspective which considers the environmental factors and the fundamental design principles. Disposal of waste materials left from the extraction and processing of mineral deposits has become, in recent years, an important engineering consideration for mine and mill operators. Land occupancy and land values almost everywhere are increasing at a rapid rate. So is the size of mine and mill waste dumps, thanks to our advancing technology in mineral beneficiation. Mining companies are being pressured to "clean up" their operations, both literally and in a safety hazard sense. Once, long ago, the miner could use any convenient location to get rid of his mine waste and mill tailings without being concerned over possible infringement on the rights and well-being of the public. Today, however, he must pay close attention to these matters if he wishes to avoid liability suits and the unfavorable reaction of civic groups as well as local and regional government. Most operators keenly sense their increased responsibility, not only because they are legally vulnerable, but because they realize the necessity for sharing space harmoniously with the rest of society.

Jan 1, 1967

By G. G. Barbante

Copper anode slimes are a valuable source of the precious metals, and selenium and tellurium. They are mineralogically complex and this has led to a great variety of process flowsheets for treating them. The traditional pyrometallurgical method utilises oxidation in a reverberatory furnace, but has numerous shortcomings. Recently deep-bath intensive smelting methods have been developed for use in the larger refineries. Despite these process advances, the thermodynamics of the reactions involved remains poorly understood. An initial description of the thermodynamics of slimes smelting is presented, but is severely limited by a lack of basic data. It is shown that slimes smelting is superficially similar to copper converting, but has many unique features. More basic thermodynamic data on selenium-based systems are needed before the process model presented can be further refined, and work in this direction has already commenced.

Jan 1, 1994

By A. W. Gauger

For perhaps one hundred years scientists have been engaged in attempts at devising a satisfactory method of classification of coal. During this time many charts, tables and graphs have been proposed, some of which have had considerable merit, but no one system has been found to be applicable to all ranks of coal, nor has any one system received general acceptance. In many of the proposals, water eliminated between room temperature and 105" C. has been regarded as extraneous matter and calculations have been made to the air-dry or water-free basis. Such methods of calculation do not lend themselves to satisfactory grouping of the high-moisture coals.1, 2 A consideration not only of the properties of the high-moisture coals and their behavior on drying but of the generally accepted ideas of the coalification process and the role of water in this process indicates that water is an essential constituent of all coals and therefore should not be neglected. For example, in such low-rank coals as the lignites of the Northern Great Plains' deposits the inherent moisture of the lignite as mined plays a very important part in the physical properties thereof. Freshly mined lignite contains upwards of 30 per cent water and is extremely tough and resistant to shock. Upon exposure to the atmosphere, the lump loses part of its moisture and checks and splits, leaving a friable and broken up residue. So far as we have been able to determine, water is the only thing lost in this process and we are forced to the conclusion that moisture plays an extremely important part in the structural properties of the original lignite. With reference to the coalification process, Mack and Hulett3 pointed out in 1917 the important part that water played therein. They observed that water cannot be removed from peat or coal by pressure alone, but only as the result of chemical reaction, and suggested that peat in its early stages may be largely a hydrosol. Slow chemical changes occur over a long period of time until finally the mass becomes more largely a hydrogel. These views are substantiated to some extent by the experi-

Jan 1, 1932

By R. E. Siemens

The Bureau of Mines sought to correlate the variation of structure-sensitive superconducting properties with microstructure in selected Cb-Hf alloys and to compare the experimental results with those predicted by the GLAG theory. Alloys in wire and rod form were evaluated by critical temperature, critical current, magnetization, resistivity measurements, and optical and electron microscopy. In the absence of an external magnetic field, the current carrying capacity of columbium was greatly reduced with addition of up to 85 wt pct Hf, but a large increase in Ic occurred for Cb-90 wt pct Hf. Favorable Ic-H behavior was observed in cold-drawn alloys containing 25 and 57 wt pct Hf. Correspondingly, a maximum in Tc occurred at 10-25 and 90 wt pct Hf. Four- or five-hour heat treatment at 600° C resulted in maximum Ic values and maximum hysteresis in magnetization. Dislocation pileup, polygonization, and fine precipitates, responsible for flux pinning, are listed in order of their effectiveness as pinning sites. Sites having an average separation of 1,500 to 3,000 A and a diameter of 1,000 A or less were most effective in influencing Ic-H and M-H behavior. The resistive critical fields increased smoothly to a maximum of 80 k0e between 60 and 65 wt pct Hf. Highfield, mixed state, reversible paramagnetism was observed in some alloys; however, the GLAG theory was in good agreement with experimental results for the majority of the composition range studied.

Jan 1, 1969

By T. S. Lovering

The use of geothermal energy is expanding very rapidly. This type of energy has proven commercially profitable for generation of electricity, for space heating, process heating, auxiliary heating of water in conventional steam power plants and for recovery of chemicals contained in natural hot water and steam. Two types of geothermal energy sources are recognized: 1) hot springs in regions of nearly normal heat flow that tap a deep reservoir through which water moves slowly to a hot springs conduit and then rapidly to the surface; 2) hyperthermal areas in which the water is heated by a relatively concentrated heat source related to volcanicity. If there is a geologic trap that provides a geologic analog to a steam boiler, as at Larderello, Italy, the hyperthermal area will have a convecting system that develops superheated water at relatively shallow depth and may provide natural steam in large quantities. If a hyperthermal area is to be productive for a long time, the underflow into the reservoir should be slow enough to allow the heat source and convective system to heat the underflow to the working temperature, and the production rate must not exceed this rate of underflow. A model based on a typical aquifer suggests that the rate of movement of water through the reservoir be such that a few years are spent in transit between isotherms that are spaced about 2°F apart. The possibility of finding blind geothermal areas is illustrated by discussion of the techniques developed in evaluating the subsurface temperatures in the East Tintic district of Utah where a map of isotherms at water level (2000 to 2000 ft below the surface) shows that a hyperthermal area may exist a short distance southeast of the mining district. Very nearly all of the energy that man currently uses comes ultimately from the sun's radiation. This includes water power, fuels such as wood, peat, coal and petroleum, the wind and all our animal power. In the paper summarizing a conference on solar energyl6 the average amount of solar energy received daily on the earth is taken at about 1 cal per m2 per min or slightly less than 2 pcal per cm2 per sec; this is almost exactly the amount of energy on the average that the earth liberates in regions of normal geothermal gradient due to its own internal heating. In many places, however, the energy released is many times the average and in some of these hyperthermal areas, geothermal steam is used for generation of electricity, and hot springs are used for heating buildings and private dwellings, process heating, auxiliary heating of water in conventional steam power plants, and chemicals may be recoverable from both hot water and steam. The use of hot springs waters for heating houses goes back hundreds of years but until recently was confined to a few dwellings close to the hot springs. In Korea, some houses had hot spring water channeled through conduits in the floor centuries ago and thus the Koreans can be credited with pioneer development of radiant heating. In Iceland at present nearly a third of the population uses natural thermal water for domestic heating." The Reykjavik system pipes hot spring water at about 94°C throughout the city and has devised insulated double pipes that allow the water to be piped for some 25 km with a drop of only 1°C for every 5 km. The actual cost to the Icelandic consumer is only one-third the cost of heating by imported coal and yet the industry is one of the most profitable in Iceland. The most profitable use of geothermal energy has been its conversion into electricity which can be transmitted economically much greater distances than hot water. The largest installation at the present time is that at Larderello, Italy, where the Count of Larderello began to experiment in the production of electricity from geothermal steam 60 years ago — in 1904. He installed his first steam turbine, with a capacity of only 250 kw, in 1912 as the result of a local quarrel with the power company which furnished the current required in the Larderello chemical industry - an industry that then dated back nearly a century. As experience was gained in drilling deep holes to tap geothermal steam and in converting it to electric power, the capacity of the installation of Larderello gradually increased, but was all destroyed by the Germans during their retreat from Italy in the closing

Jan 1, 1965

The editorial expenses for the preparation of the manuscript of the second edition, as for the first, were provided by grants of the Engineering Foundation and the Open Hearth Steel Committee of the Iron and Steel Division, AIME ; the Seeley W. Mudd Memorial Fund again sponsored the publication of this volume. The companies and research or educational institutions with which the authors, reviewers, and editors are connected also contributed much to the writing and editing of this book through their generous donations of time and travel and office expenses. And finally, the authors and others have given countless hours of their own time with no recompense but the satisfaction of a job well done. In order to give credit to the companies or educational institutions which made it possible for the members of the Editorial Board to devote considerable time to the revision of this book, the names of these members and their affiliations are recorded here as follows W. O. Philbrook, Carnegie Institute of Technology M. B. Bever, Massachusetts Institute of Technology H. B. Emerick, Jones and Laughlin Steel Corporation B. M. Larsen, United States Steel Company A number of individuals suggested desirable changes in the book before rewriting was started. Almost all manuscripts were gone over critically by reviewers, and the resulting criticisms led to the correction of errors and omissions and greatly contributed to the accuracy and completeness of the text. Other people have supplied additional data or illustrations or assisted in other ways. While some of these contributors must remain anonymous because they are not known to the Editors, the cooperation of the following individuals is gratefully acknowledged: R. D. Allen, Republic Steel Corporation, Chicago Isadore Amdur, Massachusetts Institute of Technology Mary Baeyertz, Armour Research Foundation S. P. Bahmer, Republic Steel Corporation, Massillon E. C. Bain and Associates, United States Steel Company, Pittsburgh C. W. Briggs, Steel Founders' Society of America H. W. Briske, Wisconsin Steel Works

Jan 1, 1951

By Juan B. Yianatos

"After almost 100 years, since the first commercial application began in Australia, flotation has shown an extraordinary growth and nearly 2 billion tons of ore per year are presently treated by flotation processes. During this time flotation has promoted a wide scope of research activities ranging from fundamental chemistry and hydrodynamic studies to studies of industrial operations. In general, fundamental studies have been mainly related to ideal situations. In recent years, however, large efforts have been focusing on achieving a better insight into the actual sub-processes provided by the development of new and more sophisticated instrumentation. Since the massive incorporation of flotation columns, around 15 years ago, a renewed interest in flotation fundamental studies, process modelling and new cell designs have been observed worldwide. The key role of the froth has been recognized as an independent and sometimes rate limiting process step. Thus, separation of pulp and froth process stages seems the most appropriate in terms of process modelling, diagnostic, design and scale-up purposes.In relation to flotation equipment development, until the middle of the 1970’s, only the sub-aeration mechanical cells were dominant. Since the 1980’s, the use of pneumatic cells and forced air mechanical cells has emerged strongly. Also, in the last decade, flotation equipment has shown a dramatic increase in size, reaching values of 200m3 in unitary mechanical cells and more than 300m3 in columns. The general feeling, however, is that, despite the great advance observed in terms of process knowledge, the mechanisms and principles of industrial flotation cells design and scale-up are still not fully understood.Advances in process instrumentation and control now in use allow for more efficient operations, both in metallurgical performance and savings in operating costs."

Jan 1, 2003

With increasing depth of mining, geotech nical factors assume increasing importance in the design and operation of open pit coal mines. Dragline strip mines are particularly sensitive to stability conditions since the draoline is a relatively inflexible machine, particularly in relation to its limited dump- ing radius for overburden disposal. Geotechnical factors relevant to strip mine design include: 1. spoil pile stability 2. wall stability 3. floor stability 4. excavation characteristics 5. groundwater conditions A basic geotechnical investigation pro- gram for new mine feasibility studies is described. This includes: 1. terrain evaluation 2. geotechnical drilling and logging 3. geophysical logging 4. materials testing 5. seismic refraction traversing 6. groundwater studies Such a program will give an overall geotech- nical assessment of the site and highlight any areas which may require further, more detailed Investigations

Jan 1, 1981

By Hector Simchas

"1. BENTONITE: THE CRUCIAL CONSTITUENT OF SLURRYSuspensions of bentonite and water are used in a variety of applications in underground engineering. For the construction of underground elements like slurry walls or piles, bentonite slurries offer support to the excavation of loose soils and counter pressure against hydrostatic pressure of ground water, especially where soil permeability is high. In addition, for the construction of tunnels by the slurry-shield method or when hydromills are used for excavation, bentonite suspensions transfer the loosened soil to the surface. In applications like pipe jacking and microtunneling, or where high revolution drilling is required, bentonite also provides lubrication and cooling.To fulfill these functions, the properties of a bentonite slurry need to remain stable, or at least predictable, during the course of construction. Unfortunately, when a suspension mixes with earth, ground water and/or impurities, its properties may be compromised resulting to reduced performance, which would in turn lead to increased construction costs and the risk of the excavation collapsing. Our experience in the lab and onsite is presented herewith.2. MOST USUAL FACTORS OF PERFORMANCE FAILUREWater and soil quality are important factors defining the behavior of suspensions. In an extensive program of measurements in our technical laboratory, the effect of frequently encountered harmful substances on bentonite suspensions has been examined and the results are summarised in Table 1.Some tests show that the conductivity of water has a direct relationship with Marsh Viscosity. For example, we have seen that if the quantity of bentonite required to achieve a 40s Marsh Time ranges between 50-52 kg/m3 at water conductivity below 100 µS/cm; when conductivity is increased to 1,400 µS/cm, we need 65-68 kg/m3 in order to achieve the same property."

Jan 1, 2015

By Robin G. Adams

The market prices received by producers of internationally traded commodity metals have been, and continue to be remarkably volatile and unpredictable compared with most other traded goods and services. This volatility results in an erratic financial performance on the part of producing companies, disruptive and often inflationary cost changes for consumers, unreliable tax revenues and export earnings for host governments and severe social and economic pressures on local, sometimes remote, communities which are dependent on the activity in question. Generally speaking, price volatility appears to be associated with the inability of the metal producing side of the industry to regulate the volume of supply in a manner that is consistent with metal demand, which in turn reflects broad macroeconomic and industrial developments around the world. This statement does not purport to apply to all metals or to all instances of volatility of course. Price movements may occur as a result of pure speculation or even illegal manipulation of the commodity markets. Embargoes, boycotts and other politically induced supply changes may contribute. Threatened or actual strikes also cause artificial swings in sales volumes and prices. How- ever, most of these developments are of a short-term nature. Yet metals price cycles may last for several years, as demonstrated by the extended copper price trough from 1981 to 1986. This paper deals with price volatility which reflects long-term economic cycles and the adaptive processes that exist within the industry in response to such cycles. Special emphasis is placed on the role of forecasts and forecasters in these processes. It should be said at the outset that this reflects the personal experience of one forecaster working in private sector commercial consulting practices that are independent of producers, consumers and host governments. However, the experience does cover the entire period since 1973 and has involved working with a substantial majority of the major companies that supply high volume commodity metals. By way of background it should be stated that the post-1973 world economy has provided a challenging environment for forecasters. One cannot be precise about the forecasting record of either industry insiders or outside consultants, financial analysts and academic forecasters because comprehensive records have not been kept, or if they have the results are too embarrassing to be published. Institutions such as the World Bank have published forecasts of the prices of major commodities on a regular basis and these have, presumably, had some influence on financing decisions in the industry. This record along with our own experience and numerous discussions with metal producers, major consumers and host governments permits certain generalizations to be made. The most important of these is that during the early 1980s. from about 1980 through 1985/6, the forecasters system- atically and substantially over- estimated metal prices. While some fore- casters did correctly anticipate a recession in the early 1980s and some consequential decline in prices, the magnitude and duration of the decline was far greater than anyone foresaw. This systematic forecasting "failure" appears to have occurred independently of the forecasting methodology employed. Moreover, its extent cannot be explained by obvious factors such as incorrect macroeconomic assumptions. There appears to have been some kind of structural change in the world mining and metals industry over this period

Jan 1, 1989

The editorial expenses for the preparation of the manuscript of the second edition, as for the first, were provided by grants of the Engineering Foundation and the Open Hearth Steel Committee of the Iron and Steel Division, AIME ; the Seeley W. Mudd Memorial Fund again sponsored the publication of this volume. The companies and research or educational institutions with which the authors, reviewers, and editors are connected also contributed much to the writing and editing of this book through their generous donations of time and travel and office expenses. And finally, the authors and others have given countless hours of their own time with no recompense but the satisfaction of a job well done. In order to give credit to the companies or educational institutions which made it possible for the members of the Editorial Board to devote considerable time to the revision of this book, the names of these members and their affiliations are recorded here as follows : W. O. Philbrook, Carnegie Institute of Technology M. B. Bever, Massachusetts Institute of Technology H. B. Emerick, Jones and Laughlin Steel Corporation B. M. Larsen, United States Steel Company A number of individuals suggested desirable changes in the book before rewriting was started. Almost all manuscripts were gone over critically by reviewers, and the resulting criticisms led to the correction of errors and omissions and greatly contributed to the accuracy and completeness of the text. Other people have supplied additional data or illustrations or assisted in other ways. While some of these contributors must remain anonymous because they are not known to the Editors, the cooperation of the following individuals is gratefully acknowledged : R. D. Allen, Republic Steel Corporation, Chicago Isadore Amdur, Massachusetts Institute of Technology Mary Baeyertz, Armour Research Foundation S. P. Bahmer, Republic Steel Corporation, Massillon E. C. Bain and Associates, United States Steel Company, Pittsburgh C. W. Briggs, Steel Founders' Society of America H. W. Briske, Wisconsin Steel Works

Jan 1, 1964