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By Haibin Ma, Jie Song, Qingyou Han, Xiaoming Wang, Wei Vian

In the grain refinement of aluminum, Al3Ti and TiB2 particles are introduced to reduce the casting grain size down to 200 micrometer level, which makes cold working possible. The particles are brought in by the addition of Al-Ti-B type master alloys. It is generally believed that TiB2 particles are stable and nucleate a-Al grains in solidification in the presence of extra titanium than the stoichiometry of TiB2 from the dissolution of Al3Ti particle in the master alloys. Titanium in solution either form Al3Ti layers on the surface of TiB2 particles or as solute to promote the nucleation and to restrict the growth of a-Al grains. However, a consensus on a grain refinement mechanism is still to be reached due to the lack of direct observation. This paper presents finding on the TiB2/Al3Ti interfaces in an aluminum matrix. It demonstrates a strong epitaxial growth of Al3Ti on the surface of TiB2 particles, a sign of the formation of an Al3Ti layer on the surface of TiB2 particles in grain refinement practice. The Al3Ti layer has a crystal coherency with a-Al and hence offers a substrate for heterogeneous nucleation of a-Al grains.

Jan 1, 2015

By Antonius Prayoga

PT Smelting adopted the Mitsubishi Continuous Technology for its copper smelter plant which has been operating since 1998. Through a series of expansion projects, the plant annual production capacity increased gradually from 200,000 to 300,000 tons of copper. There were no significant modifications for the smelter to reach the 50% additional capacity. It was mostly achieved by intensifying the operation of the furnaces by increasing the oxygen content in the furnaces blowing air. Intensive smelting furnace operation caused shorter campaign life of some furnace refractory, especially the melt zone wall on furnace outlet. During each furnace relining, which is done once every two years, severe wall erosion was found. The worst condition occurred in 2007 when the smelting furnace experienced a melt leak through the eroded wall beneath the bath-line coolers. During the 2008 furnace relining, a modification was performed by installing vertical coolers behind the melt zone wall. Additional vertical coolers were installed during the 2012 furnace relining to extend the coverage area. The modification improved melt zone wall integrity significantly by keeping them safely within the two year campaign life. Recently a modeling study was done to estimate the influences of molten waves on furnace wall erosion. The aim of the study was to predict the impact of blowing parameters, such as blowing air velocity, on the melt wave character and wall erosion.

Jan 1, 2015

By B. Drew, K. Budna, C. Wenzl, D. Gregurek, A. Spanring

"The metallurgy of nickel and cobalt and of copper is closely interlinked when processing sulfidic Ni-Co ores and Cu-Co ores. The respective furnaces are typically lined with magnesia-chromite refractories, which are exposed to multiple and complex stresses. The selection of the processing route, furnace type and slag system will be dictated by the specific ore type available, this will determine the individual refractory wear mode. This paper evaluates the common refractory wear mechanisms, namely infiltration, spalling and chemical attack by various slag systems, as well as sulfur attack, as observed when processing primary sulfidic ores. All these wear parameters, which are discussed in this paper, lead to a severe degeneration of the brick microstructure and a decreased lining life. Therefore, a detailed investigation and understanding of the wear mechanisms through “post mortem studies” is an important prerequisite for the refractory producer. Based on such research results, combined with specific process knowledge, appropriate brick lining solutions for nickel and cobalt processing furnaces can be recommended.INTRODUCTION The metallurgical production of cobalt and nickel and of copper is closely interlinked to the mineralogy of the respective ores: cobalt is found in African Cu-Co ores as well as in Co-rich nickel ores (laterites and sulfides). Also, Co-bearing secondary raw materials contain the mentioned elements in different contents. In pyrometallurgical processing of sulfidic ores, cobalt is generally recovered as a by-product during the production of copper and nickel, whereas it is normally not recovered separately during the processing of nickel laterites but remains in the FeNi product. Besides various hydrometallurgical production routes, the pyrometallurgical processes involved comprise smelting (i.e., production of a Cu-Ni-Co-Fe matte in electric or flash furnaces), converting and refining (i.e. removal of Fe and S as well as other elements from matte by oxidation). The ongoing trend to use higher oxygen enrichment in process air enables higher intensity processes but also increases the oxidation potential in the vessel. Therefore, during smelting and especially during the oxidative treatment in converting and refining, some amounts of valuable metals are also transferred to the slag in their oxides form. A subsequent slag treatment is then applied for recovering valuable metals from the slag, namely allowing an economic material stream handling and minimizing metal losses. This is often done in a slag reduction furnace. Additionally, copper and nickel are very good collectors for precious metals and platinum group metals (PGMs) - therefore, depending on the content of these metals, an additional refining process is used to recover these valuable metals from the matte or metal phase (Elvers et al., 1997; Davenport et al., 2002; Crundwell et al., 2011)."

Jan 1, 2017

By Saikat Chatterjee, Xintong (Brett) Liu, Kinnor Chattopadhyay

Magnesia carbon bricks are commonly used in BOFs and are generally pre-heated before the BOF goes into service. Owing to very stringent emission regulations, the BOF pre-heating process need to be controlled and optimized so that, the emission standards are met. One of the major concerns in organic emissions are its stringent limits on emission rates and total volatile emissions. In the present work, an attempt has been made to integrate CFD and Thermodynamic models to predict the emission rate of volatile organics during the pre-heating process. A one dimensional heat transfer model was developed using visual basic and then integrated with thermodynamics calculations using FactSage 6.4. The parameters that affected organic emissions were the pre heating procedure, gas composition of the burner, heating rate and type of the burner. Typical composition of MgO-C bricks and binder materials were obtained from literature and vendor data sheets. Chemical reactions between organic materials, refractory and burner gasses were considered. The model predictions indicated that certain burner conditions could destroy all organics before it exits the vessel while other conditions needed the use of an after burner at the mouth of the vessel. The model was also able to predict the organic emission rates based on the chosen pre-heating profile. This kind of predictive model will be very useful for the steel industry and enable them to justify permit limit applications and stick to the limits by fine tuning their pre-heating process.

Jan 1, 2015

By P. Chu, J. A. Finch

The formation of small bubbles in flotation is usually accomplished by the use of frothers, or sometimes is due to the presence of inorganic salts in the process water. The effective mechanism associated with the presence of these solutes is generally considered to be coalescence inhibition. However, recent work has demonstrated that the presence of frothers and salts also reduces the size of bubble at the initial formation stage. In this paper we adapt the same experimental setup to investigate the time that it takes for a bubble to form; for a known system power input, the energy to form a bubble can then be estimated from the time. The hypothesis is that the presence of frother and salt will reduce the time for a bubble to form, which can be interpreted as an added energy component being derived from the solute. Testing different types and concentrations of frothers and salts, the hypothesis is supported: the mechanical energy required to form a bubble decreases by about 10% in the presence of these solutes.

Jan 1, 2015

By Y. Thibault, L. Morin, R. Cameron, D. Gould

"There are an estimated 50 to 100 million dry metric tonnes of low-grade nickeliferous pyrrhotite tailings in the Sudbury area alone, with an average nickel grade ~0.8% (plus cobalt). Pyrrhotite is a highly reactive sulphide mineral that has the potential to generate acidity; consequently, it is stored in large tailings ponds that require perpetual treatment to avoid the production of acidic drainage. Re-processing this material using bioleaching technologies has the potential to recover valuable metals, while reducing the toxicity, reactivity, and acid generating potential of the remaining residues. CanmetMINING is currently developing a stirred-tank bioleaching process to recovery nickel and cobalt from pyrrhotite-rich tailings. Stirred-tank experiments have been conducted with one tailings sample over a range of pH and temperature conditions, resulting in 80 to 90% and 70 to 80% leaching of nickel and cobalt respectively in 10 days.INTRODUCTION Sulphide tailings may represent a significant financial liability for mining companies as these wastes may produce acidic drainage under some disposal conditions. As a result, the companies must post financial bonds large enough to ensure there are sufficient funds for perpetual management of these wastes. At the same time, there are billions of dollars in metals incorporated into these mining wastes waiting to become valorized. Many sulphide tailings are amendable to bacterial oxidation for metal extraction. Re-processing of tailings using bacterial leaching has the potential to recover valuable metals from waste; and reduce the toxicity, the reactivity, and the acid generating potential of the remaining residue. By reprocessing these wastes there is an opportunity to significantly reduce liabilities and financial assurance bonds, while recovering metal values. There are an estimated 50 to 100 million dry metric tonnes of low-grade nickeliferous pyrrhotite-rich tailings in the Sudbury area alone with an average nickel grade ~0.8% (Peek et al., 2011) plus cobalt and copper. Pyrrhotite is separated from pentlandite concentrates by magnetic separation and flotation. It is already finely ground and has often been segregated from other tailings material, making „mining? relatively inexpensive. This represents roughly (> $100/ton) in contained value, with negligible mining costs. This paper reports on the development of a stirred-tank bioleaching process for recovering nickel and cobalt from pyrrhoitite-rich tailings, which is currently underway at Canmet MINING."

Jan 1, 2017

By M. A. Halim, V. I. Lakshmanan, Z. Jankovic

An innovative mixed-chloride process for the separation of iron from lateritic ore is described. The separation of Fe(III) from leach liquor is an important process step for the recovery of nickel and cobalt. The patented process of Process Research ORTECH Inc. uses a lixiviant containing hydrochloric acid (HCl) and magnesium chloride (MgCl2) for the leaching of lateritic ores/concentrates followed by the selective solvent extraction step of Fe(III) over other value metals such as Ni and Co. The use of MgCl2 increases the activity of the hydrogen ion in the lixiviant, which reduces the consumption of HCl in the leaching stage and enhances the formation of HFeCl4-, thereby increasing the solvent extraction efficiency of Fe(III) with ketone. The process produces high purity iron oxide (Fe2O3) and regenerates HCl by the pyrohydrolysis of the FeCl3 rich pregnant strip solution. The developed process flowsheet is in closed loop, economically attractive and environmentally friendly.

Jan 1, 2015

By N Berkowitz

Slurry pipelining, as now under-stood and practised, can only command marginal interest in Canada, as long-distance railway freight charges in this country are generally lower than slurry pipeline tariffs. Several alternatives to conventional slurry transmission are, however, now emerging, and two such alternatives are briefly discussed with reference to coal pipelining. In one, coal is transported as a suspension in oil; the other contemplates the movement of paste "slugs." Preliminary economic estimates indicate that the resulant process simplification and adoption of common carrier principles could lead to cost reductions that might make Western coal competitive with imported fuel in the power generating stations of eastern Canada. R ECENT appraisals of slurry pipelining techniques, some-what incongruously 'based upon the performance of successful installations (1,2), are making it increasingly apparent that current solids pipelining methods can only command marginal interest as methods of bulk commodity transportation (3). Although some uncertainties remain in matters of detail, it is now generally conceded that long-distance slurry pipelining cannot compete against rationalized railway transportation unless movement of

Jan 1, 1963

By Dorothy Walters

As an increase in the number of producers alters fact ors affecting supply, long-term prospects in traditional markets for many minerals weaken. At the same time, conflicts between national and international objectives undermine existing competitive elements in mineral markets and Canadian costs escalate. Such changes may dramatically alter the environment in which the mining industry operates.

Jan 1, 1979

By T. Senga, T. Namihira, S. Terada, S. Owada

"Electrical disintegration (ED) has been well known as a good comminution method to improve liberation of compositional phases because it was reported that electron avalanche could occur preferentially at phase boundary. But the detailed mechanism of the ED has been still not known. This paper describes the results of ED experiments using synthetic binary sample, copper/resin, under the conditions of various distance between electrodes, and discusses the energy distribution in the three kinds of phenomena in the ED process, which are(1) streamer progression in water, (2) electron avalanche in water, and (3) electron avalanche in solid sample, by measuring current and voltage with elapsed time. Then, it has been found that the energy distribution in the phenomenon (1) is quite low and that the distribution in the phenomenon(2) had a considerably large compared with that in the(3), which indicates that the shockwave generated in water could contribute much to the sample breakage.INTRODUCTIONElectrical disintegration (ED) has been well known as a specific comminution technology which enhanced selective breakage at phase boundary and lead to a good liberation among compositional phases1-6),but the detailed mechanism has not been clarified yet. This study describes energy distribution among the phenomena in the ED process by using a synthetic binary sample, copper/resin, the phenomena of which are (1) streamer progression in water, (2) electron avalanche and shockwave generation in water and (3) electron avalanche in solid sample usually at phase boundary. The energy distribution could be calculated from ED experiments and from voltage-current changes between electrodes as a function of elapsed time.SAMPLE AND EXPERIMENTALSampleThe sample used in this paper was a synthetic binary solid of copper/resin as shown in Figure1.Cut and polished pure copper lump was put into silicone mold and melted epoxy resin was poured into it and cooled, then, finally the binary sample was polished and molded in the form of 10 mm * 10 mm * 10 mm."

Jan 1, 2017

By T G. Callcott

Australian coking coals are either class 434<tlj534<2l, at Port Kembla, or 634<3> at Newcastle. The former yield good blast-furnace cokes; the latter yield poor ones. However, increases in conventional strength indices, by methods applicable with normal coking ovens, seem unlikely to be economically attractive. Characterization of the coals has enabled an "economic" blend to be developed in the Newcastle area, and this has affected mining, preparation and handling operations. Coking studies have led to a specification for the making of strong coke, especially from the high-volatile Newcastle coals. Continuous coking studies, developed from the efforts to make very strong coke, have taken two directions. Firstly, coking thin layers of coal on strands; secondly, coking, in various types of vessels, compacts of coals with or with-out the inclusion of non-coking coals, iron ores or other inert materials. Gas, "sand" and hot metal coking have been tested for use in compact coking. Particular attention has been paid to pellets of coal and ore. The probable industrial problems in adopting any of the ideas are presently being examined.

Jan 1, 1963

By A. Miura, G. Granata, C. Tokoro, A. Fuwa

"The high copper demand as well as the lack of new high-grade deposits, are pushing the copper industry to process low-grade and refractory ores containing chalcopyrite. However, for a quantitative dissolution of copper from the chalcopyrite, the leaching performances still need to be improved. In the present research, we studied and optimized the iodide-assisted leaching of chalcopyrite in H2SO4-Fe2(SO4)3 media. The evolution of surface species during leaching was determined by x-ray photoelectron spectroscopy (XPS) and mineral liberation analysis (MLA). Inductively-coupled plasma spectrometry (ICP-MS) was used to determine the dissolved copper. Significance of experimental results was assessed by statistical analysis while a kinetic analysis of the leaching process was performed by fitting the experimental data with the Shrinking-core model. Results showed the significant positive effect of iodide on copper extraction rate. In the presence of KI, the dissolution rate of copper was almost double than in the parallel experiments without KI. Whether using KI or not, elemental sulfur was generated on the surface of the leached chalcopyrite. Nevertheless, in the presence of KI, the passivation layer did not arrest the leaching. Analysis revealed that the leaching rate was limited by the chemical reaction control step.INTRODUCTION Due to the large demand of copper, processing low-grade ores containing copper sulfides such as chalcopyrite (CuFeS2) has become unavoidable (Watling, 2013). Since ores with CuFeS2 may also contain appreciable amounts of arsenic that cannot be smelted, and because low-grade ores are uneconomic to smelt, the hydrometallurgical technologies are crucial for recovering the copper (Dutrizac, 1978). Sulfate-based processes are attractive because of the lower operating costs and because the sulfate ion is more suitable in case copper would be recovered via electrowinning. In ferric sulfate solution, chalcopyrite undergoes oxidation due to the large amount of Fe(III) and dissolution due to the presence of the sulfate ion (Majima, et al., 1985). The leaching reaction in ferric sulfate medium can be represented as in (1):"

Jan 1, 2017

By Zhiqing Zhang, Changyun Chen, Qing Liu, Lin Lin, Zhihong Jia, Guangjie Huang, Lipeng Ding

The effect of interrupted quenching (IQ) treatments on natural aging and bake hardening response of Al-Mg-Si alloy was investigated by hardness measurements, tensile test, differential scanning calorimetry (DSC) and transmission electron microscopy (TEM). The results show that interrupted quenching at 100oC could effectively suppress natural aging and improve bake hardening response. The optimized interrupted quenching treatment is 100oC for 45min, which gives the alloy a relatively low T4 temper strength and higher bake hardening response. The formation of highly dense cluster(2) during the interrupted quenching could be the reason for suppressing the natural aging and accelerating the precipitation of ß? phase during the paint bake treatment. In addition, interrupted quenching at higher temperature (170oC) results in unfavorable properties in both T4 temper and paint bake treatment. The formation of large precipitates is responsible for these undesired effects.

Jan 1, 2015

By Joo Hyun Park, Hyun-Sik Park

"Gold is one of the most valuable and precious metals. But, the extraction efficiency of gold from natural resources is very low and labor-intensive due to very low concentration of gold, i.e.,1–5 ppm, which means that gold extraction processes produce extensive amounts of tailings. The gold content in printed circuit boards (PCB) from waste mobile phones is about 100 to 400 ppm, which is enormously greater than the concentration found in natural ores. Consequently, processes for recycling waste PCB and gold mine tailings become of increasing importance to maintain a sustainable society. As processing these waste materials by pyrometallurgical methods has become more economically attractive, understanding the thermodynamic behavior of gold in smelting slags under oxidizing and reducing conditions has become increasingly important. Therefore, in this study, the effects of slag chemistry, oxygen potential and temperature on gold solubility in smelting slags are discussed. From the results presented, the predominant species of gold is strongly dependent on the basicity of slag. Furthermore, more basic slags showed higher solubility of gold at a given oxygen partial pressure, and more oxidizing atmospheres enhanced the dissolution of gold to the molten slag phase. As a consequence, careful control of the slag composition during pyro-processing of gold-containing waste materials is required to maximize gold recovery. INTRODUCTIONGold has good physicochemical properties. Thus, it plays an increasingly important role in industrial applications. For example, over 300 tons of gold are used annually in electronic components (Hageluken &Corti, 2010).However, 75% of all gold ever produced has been extracted since 1910 and gold reserves in the world are becoming rapidly depleted (Louis & Pluchery, 2012).The cost of gold production and its price in the market have increased rapidly during last 20 years as shown in Figure 1, and interest in the recycling of gold-containing materials has naturally increased.The wastes from electronic equipment (e-wastes) contain large amounts of precious metals compared to their own respective ores, and therefore such wastes may be considered as a secondary source of valuable metals. For instance, the concentration of gold in natural ore is commonly 0.5–15 g/ton-ore (0.5–15 ppm), while its concentration in electronic circuit boards is over 10 times higher, typically being about 150 ppm in expansion cards and over 10,000 ppm in central processing units(Barbieri et al., 2010).Also, gold mine tailings are discharged after the flotation process as slurry form then stored near the operating plants (approx. 100 ton per day in one Korean gold mine). Gold mine tailings contain gold at about 1–2 g/ton. This is the reason why Au-containing materials such as e-wastes and mining wastes are highly important sources of gold (Yamasue et al., 2009)."

Jan 1, 2017

By J. H. Pee, Y. J. Kim, H. U. Lee, G. H. Kim

The general recycling process of tungsten scrap to produce tungsten raw materials (tungstic acid, ammonium paratungstate (APT) and WO3) have been carried out by the oxidation, milling, sodium-fusion, dissolution, and extraction processes. Many studies on the high temperature oxidation of tungsten scrap have investigated various aspects such as swelling kinetics, fracture resistance, and the effect of alloying composition. However, the accelerating factors on the scrap oxidation rate during oxidation were not considered here. In general, oxidized products were fused with sodium carbonate or sodium hydroxide to produce Na2WO4. Later in the process, solid Na2WO4 was dissolved in water. This process required considerable reaction time and was a costly process. Therefore, the aim of this study was to increase the solubility of solid oxidized products to produce Na2WO4 solution by hydrothermal reflux method. Na2WO4 solution was used to produce CaWO4 and H2WO4 by general chemical reactions with calcium chloride and hydrochloric acid. Ammonia solution was also added to the tungstic acid to produce APT. In this study, the effect of ammonia addition on the APT precipitation process was investigated in detail.

Jan 1, 2015

By Michael Moser, Brighty Dutta, David Dreisinger

"Molybdenum is widely used in the industries as an alloying element in the manufacture of steels and super alloys. The widespread use of the element encourages a growing need to develop extraction processes for recovery from both primary and secondary sources. The Solvay Group has developed a solvent extraction reagent named CYANEX®600 for the recovery of molybdenum from acidic solutions originating from both low grade (e.g. copper solvent extraction raffinates, smelter dusts and slags) and high grade (molybdenite) molybdenum sources. CYANEX®600 is a purified form of CYANEX®272 with the active component bis(2,4,4- trimethylpentyl)phosphinic acid. The extraction behavior of CYANEX®600 towards molybdenum in sulphuric acid medium was evaluated. The uptake of molybdenum increased with the increase in concentration of CYANEX®600. The approximate stoichiometry of the extracted complex was: Mo: CYANEX®600 = 1:2. Efficient back-extraction could be achieved with 0.1 M disodium EDTA and 0.1 M (NH4)2CO3, thus providing the option of recyclability of the extractant. The detailed back-extraction studies are currently under progress to find out the possible option for complete transfer of Mo(VI) to the aqueous phase so that high purity Mo salts could be precipitated from the molybdate solutions.INTRODUCTION Molybdenum (Mo) is one of the world’s valuable metals and is highly sought after by researchers due to its versatile mechanical, thermal, chemical properties. Swedish scientist Carl Wilhelm Scheele demonstrated molybdenite to be a mineral sulfide in 1778. Peter Hjelm successfully isolated dark metal powder from the mineral sulphide and named it as ‘Molybdenum’ in 1782 (Gupta, 1992). Molybdenum is a refractory metal of silver gray appearance and is an important alloying element used in the manufacture of steels and super alloys. Molybdenum compounds are widely used in formulation of catalysts (Gupta, 1992). Molybdenum occurs in nature only in chemical combination with other elements. Several molybdenum bearing minerals have been identified, but the only one of commercial significance is molybdenite (MoS2). As molybdenum is a strategic metal for the industrial sector, its widespread use acts as a factor for depletion of the natural resources. Hence, there is growing need to develop extraction procedures for its recovery from both primary and secondary sources. United States, China, Chile, Canada, Peru, and Mexico are listed as the main producers by the U.S. Geological Survey, 2016 (U.S. Geological Survey, Mineral Commodity Summaries, January 2016)."

Jan 1, 2017

By S. Khallouk, J. Zollinger, J. R. Kennedy, E. Bouzy, B. Rouat, D. Daloz

Titanium aluminides recently replaced Ni-based superalloys as turbine blades in the last LP stage of aircraft engines. To extend their range of use at higher temperature their properties need to be improved, either by alloying or processing. An efficient solution is to reduce the grain size during the solidification process. In the first part of the paper, an overview is given on the possibilities for grain refinement of such alloys, based on literature data and new results. The most efficient grain refinement is obtained with boron addition which leads to boride formations that are detrimental for in-use properties of turbine blades. In this work, the use of the high grain refinement potency of inoculation with non-brittle particles has been used by developing new refractory-based inoculants. The effect of one of these inoculants on grain refinement of an as-cast structure in a Ti-46Al is presented; resulting in a reduction of the grain size by a factor of 3.While less efficient compared to the potency of boron containing alloys, the grain refinement is effective and does not introduce any embrittling particles.

Jan 1, 2015

By Seong-Ho Ha, Shae K. Kim, Young-Ok Yoon

In the this study, surface segregation of Mg and Ca with Mg addition range from 5 to 10wt% in Al-Mg alloys with Mg+Al2Ca master alloy and its effect on the oxidation resistance were investigated. The addition of Mg+Al2Ca master alloy as the Mg alloying element led to the surface enrichment of Mg and Ca during high temperature oxidation. As a result of the oxidation test by TGA, the oxidation resistance of all the examined alloys was significantly improved with increasing Al2Ca content. The weight change of Al2Ca added Al-5Mg and Al-7.5Mg alloys indicated the complete oxidation resistance during the whole oxidation test time, while a slight weight increase was shown in the case of Al-Mg alloys even with Al2Ca addition. The improvement of the oxidation resistance in Al2Ca added alloys may be attributed to the formation of the protective oxide layer mixed with CaO and MgO on the surface.

Jan 1, 2015

By G. E. Peacock

SIGMA MINES is situated in the township of Bourlamaque, Abitibi County, Quebec. It is a gold producer, and presently treats an average of 1,200 tons of ore per day, at a grade of approximately 0.18 oz. per ton recovered. The mill started operations in March, I937, at a rate of 300 tons per day. This was increased to 800 tons in I940, and to 1,000 tons by I943. The rate was cut back during the war years, but was brought back up to capacity by I948. The mill tonnage was in-creased to the present 1,200 tons per day in I960. The underground workings are serviced through No. 2 Shaft (Figure 1), which, with 24 operating levels, extends from surface to a depth of 3,317 feet. When depth exploration was decided upon, two possibilities were considered: (a) deepen the main shaft by1,000 feet; (b) put down a winze for the same distance.

Jan 1, 1962

By John F. Dougherty

Recently, there has been much debate as to the relevance of reporting financial results using the conventional accounting systems, which is based on historical costs, during a period of rapid inflation. In the following paragraphs , the symptoms, if not the causes, of inflation, its detrimental effect on the financial soundness of business in general and the financial reporting changes being advocated to overcome perceived weaknesses in the present financial reporting system in accounting for the effects of inflation will be reviewed. Finally, a course of action as a sound approach to the financial reporting problem will be recommended.

Jan 1, 1978