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By B. Thomas Mansbach

INTRODUCTION The Overseas Private Investment Corporation ("OPIC") is a U.S. Government agency mandated to promote the economic development of the less developed countries ("LDCs") by assisting U.S. private investment in the Third World. Generally, investment decisions turn on the optimism or pessimism of the private sector's financial analysis of a project, with market price of product a major unknown in a very chancy set of projections. Discussions with American mineral companies, however, show that, more often than not, in developing country projects it is the political risks of investing in mineral exploration and extraction that pose the most serious deterrent to investment. In several of the projects described here, investments would not have been made if OPIC had not been involved providing support to the project sponsors and their funding sources. Clearly it is not OPIC's business to promote U.S. investment in a project which is not commercially viable, but OPIC's programs can neutralize the political uncertainties which act as disincentives to investment in otherwise commercially viable projects. That is to say, OPIC's programs are designed to reinforce market decisions and not distort them. Although OPIC is an independent agency of the U.S. Government, it is managed by a Board of Directors, the majority of whom come from the private sector. This, coupled with the statutory requirement that it be self-sustaining and operate with due regard for the principles of prudent risk management, requires that it operate on a business-like basis. Although established as a development agency, to the business public OPIC is both an insurance company and a lending institution, with two major programs which are available to U.S. investors in the minerals sector: its political risk insurance program and its finance program. Each has been specially tailored to the meet needs of the mining industry. The insurance program provides coverage against four basic types of political risk: Currency Inconvertibility, Expropriation, loss caused by War, Revolution and Insurrection and Interference with Operations as a result of an act of War, Revolution or Insurrection. Coverage against the risks of Civil Strife can be added to both War, Revolution and Insurrection coverage and Interference with Operations. Inconvertibility coverage provides protection against a deterioration in an investor's ability to convert local currency into U.S. dollars. This deterioration can be the result of either active or passive delays. Active delays consist of a change in exchange laws or regulations that leads to inconvertibility delays of 30 days or more. For example, if the exchange regulations at the time of contract execution allow an investor to transfer earnings equal to 18% of its registered capital per annum and the government of the host country later changes the law to allow conversion of only 12%, the insured would convert the 12% transferable under the new exchange regulations with the government foreign exchange authorities, delivering the remaining 6% to OPIC for conversion at 99% of the then prevailing rate of exchange. (OPIC does not cover devaluation risks.) Upon delivery of the local currency to OPIC, normally at the U.S. Embassy in the project country, the insured's account in the U.S. would be credited with dollars. Delays can also result from what is termed passive blockage, which includes administrative delays of more than 60 days (sometimes longer) caused by the bureaucratic tie-ups or pigeonholding of transfer requests, as well as delays suffered simply because the government of the host country does not have sufficient foreign exchange. The transfer procedure is the same as with active blockage - the local currency is delivered to OPIC in the project country and OPIC provides dollars in the United States at the then prevailing rate of exchange. The second coverage -- Expropriation -protects not only against the loss of the investment due to the well-known risks of expropriation, nationalization or confiscation by the host government, but also against

Jan 1, 1985

By Frank Clemens Smith

The occurrence of the tellurides of gold and silver, even in small quantities, is so rare that their metallurgical treatment has engaged little attention. A residence of several months at one of the few mines in North America the product of which consists entirely of such ore, has led me to arrange a method for its economical treatment. The mine referred to is the Huronian, situated a few miles distant from Jackfish Lake, in Ontario, Canada. The plan proposed is for this peculiar case, and is put on record as possibly suggestive and helpful .in any similar instance, should it occur. Since freight-rates from the mine to the nearest railroad-point were extremely high, and for other economical reasons, the method proposed is modified by the use, as far as possible, of the machinery already at the mine, and is so arranged that bullion instead of concentrates would be obtained as a final product. The ore-vein at the Huronian mine varied in width from about 4 feet at the surface to 2 feet and less at the lowest level—125 feet —and dipped southeast about 88. The rock consisted, on both foot- and hanging-walls, of soft, green Huronian slates carrying much highly crystalline but barren pyrite. The ore carried an inconsiderable amount of galena with iron and copper pyrites, argentite, hessite, sylvanite (or petzite), and probably altaite, the telluride of lead. Near the surface the ore showed considerable native gold, but this disappeared with greater depth. Two complete analyses of minerals containing tellurium are here attached, as they establish the presence of two important compounds: I. Analysis of a mineral supposed at the mine to be sylvanite, but agreeing more closely in composition with petzite (Ag, Au)2 Te: Ag = 41.062 Au =23.691 Te =32.007 Pb = 0.071 SiO2= 0.097 Fe = trace 96.928

Jan 1, 1890

By F. P. Haver, M. M. Wong

The Federal Bureau of Mines has developed a leach= electrolysis method for recovering lead from galena (PbS). Flotation concentrate is leached with ferric chloride (FeCl3) solution to obtain lead chloride (PbC12) and elemental sulfur, PbS + 2FeC13 -+ PbC12 + 2FeC12 + Sº. Over 99% of the P~S in the condentrate is converted to PbC12. The leach solution, composed of brine (NaC1) and FeC13, dissolves the PbC12 as it is formed, leaving a residue of elemental sulfur plus gangue. Very pure PbC12 (>99.9%).is crystallized from the leach filtrate on cool- ing and is subsequently electrolyzed in a fused-salt bath to obtain molten lead metal (>99.9% Pb). Spent leach solution (FeC12) is regenerated for further use by reaction with the chlorine obtained in the electrolysis of lead chloride, and other values, such as Ag, Cu, Zn, and Sº, are recovered by additional treatments of the leach solution and leach residue. This paper discusses results and conditions of the leaching and electrolysis operations.

Jan 1, 1976

By F. L. Grammer

THE analyses given in Table I. were made several years ado at my request at a plant using Lake ores. The, are of two furnaces, one making basic, the other Bessemer pig-they gave 6 casts each in 24 hr., also two flushes of cinder between each cast. They- are offered simply for the sake of reference as, so far as I know, it is unusual to find so frequent fall analyses made and none are on record. The variations iii manganese-content in the first and second flushes on the basic furnace are interesting, if no more than a freak-the first flash being invariably higher in manganese. The iron-content of the two slugs from an. average of 12 flushes shows: Basic. Bessemer. Per Cent. Per Cent. Total iron 2.55 1.70 Combined iron 0.72 0.52 Free iron 2.13 7.15

Jan 3, 1913

By G. C. Gardner

A new correlation of blast penetration in model and operating blast furnaces is presented which overcomes objections to prevzous correlations. It is shown that the tuyere diameter is only of small importance in determining the magnitude of the penetration. The data from operating furnaces correlate satisfactorily with the data from models whose cross section is a segment of a circle. A bubble-shaped gas space called a "raceway" normally exists in front of the nose of a blastfurnace tuyere. The periphery or "wall" of the raceway is well defined and is composed of densely packed charge particles. The blast. issuing as a jet from the tuyere, entrains gas from the raceway, in the usual manner of a jet, as it flows to the opposing wall. There it divides and flows back around the walls to be entrained once more. The blast must, of course, eventually leave the raceway and pass up through the charge column, but before it does it may, on the average, make several circuits of the kind described and in doing so it carries with it charge particles, which, because of their fast and circulating motion, suggested the name of "raceway". A fuller description of the raceway may be found elsewhere."' Here it is only necessary to mention, in addition, the measurement which characterizes its size. If an iron bar is pushed through the opened peepsight of a tuyere, .as far as it will go with ease, it will be stopped by the relatively impenetrable opposing raceway wall arid the distance that the bar has been pushed from the tuyere nose is called the "penetration". This measurement may be of practical importance and has; been the subject, with considerable success, of several attempts at correlation with other variables2-5 as stated in the next section. There is still, however, a serious objection to the most recent correlation,3 which is overcome by the correlation proposed in this paper. It will be shown that the objection is not trivial, in that the new correlation will attribute considerably different importance to the variables affecting the magnitude of the penetration. The data to be treated were made available by Wagstaff and are the same as those used in his correlation. They include measurements taken on small models, in which a cold air blast was used and no combustion occurred, and they also include data from operating blast furnaces at Wheeling and Fairless. The information from the blast furnaces will be shown to be in substantial agreement with those models whose plan views are segments of a circle and which are thus like segments of a blast furnace. First, Wagstaff's most recent correlation3 will be discussed and the objection will be given. Then the new correlation will be developed and its implications considered. CORRELATION OF J. B. WAGSTAFF Wagstaff's correlation is where and D — the penetration D,-the internal tuyere diameter V —the blast velocity in the tuyere

Jan 1, 1961

By John Conley

THE production of lime by the burning or calcination of limestone, including all varieties from true dolomites and magnesian limestones to high-calcium types, continues as one of the essential basic industries. In 1937, a total of 4,124,165 tons of lime valued at approximately $30,091,000 was produced in the United States.1 The importance of any contribution to our knowledge on the mechanism of the lime-burning process is, therefore, obvious. The burning of limestone has been practiced since the earliest days of our civilization, and the literature on the various phases of the industry is voluminous. Calcination of the various types of limestone has been studied by many previous investigators, but some points require addi-tional research. Each occurrence of limestone provides an opportunity for specific investigation, because the characteristics of stones in different localities vary. Knibbs13 has given an excellent discussion of available data on the theory of lime and magnesia burning. The thermal dissociation of calcium carbonate has been studied more recently by Johnston,2 Smyth and Adams,3 Ralston et al.,4 Furnas,5 Potapenko,6 and Southard and Royster.7 As a result of these investigations the dissociation temperature at atmospheric pressure has been established as 894° to 898° C. The dissociation of dolomite and magnesite, although studied by several investigators, 4,6,8 still requires clarification by additional data. The calcination of limestone was studied for a twofold purpose: (1) to extend our information on the mechanism of the lime-burning process and (2) to standardize the conditions for calcination of high-calcium and dolomitic limestones for subsequent hydration tests on the lime.

Jan 1, 1939

By H. A. Wilmeth

IN 1955, before planning an accelerated stripping program, Chino Mines Div. began an engineering study to improve data for estimating truck haulage costs for any future haulage layout. The study aimed to develop: 1) significant unit costs, 2) a method of estimating travel time from which truck needs and future stripping rate could be determined, and 3) yardsticks of performance to measure haulage efficiencies. It was suggested that to provide significant unit costs, expense accounts should offer management two types of cost control information-unit cost yardsticks with which monthly unit costs could be compared and unit costs for estimating future expenses for any haulage layout.

Jan 5, 1958

By Robert F. Griffith

In 1948 when the U.S. Bureau of Mines began the investigation of domestic monazite placers for the Atomic Energy Commission, deposits of this type amenable to large-scale operations were unknown in the U. S. Intensive search for such deposits had not been carried out in the past. Problems to be met included scarcity of men with placer experience and need for development of new exploration, evaluation, and analytical procedures. As a result of the exploration program three dredges have gone into operation in one area in Idaho and another dredge is operating in South Carolina. Search for Deposits In the search for areas to be investigated for monazite, the first step was a thorough study of all available literature reporting occurrences of the mineral. Initial work was guided largely by many reconnaissance reports prepared by the U. S. Geo- logical Survey and the AEC. As the work progressed many new deposits, not mentioned in the literature, were called to the attention of USBM engineers by prospectors who had noted the presence of the yellow, heavy sand while prospecting for placer gold. Every prospector was given an attentive ear.

Oct 1, 1955

By W. W. Harvey, F. O. Dudas

Toward hot hydrochloric acid, the usual order of reactivities of the common copper sulfide and associated minerals is reversed, and the rates of H2S formation vary as [ ]. The iron component of chalcopyrite and bornite reports to the solution as ferrous chloride, while pyrite remains essentially unreacted. If a pressure of H2S is maintained in the reactor, copper solubilization is suppressed, and the primary copper sulfides are converted to finely divided secondary sulfides (principally covellite). The HCl leach reside then consists mainly of covellite, pyrite and acid-insoluble gangue. Copper can be selectively leached from this upgraded concentrate to yield a clean, strong copper sulfate solution for direct electrowinning. Preliminary analysis indicates competitive economics with respect to established hydrometallurgical processes. Other concentrate treatments based on an initial HC1 leach are proposed and relative advantages compared. The common denominator of the major process routes considered is the requirement to regenerate HC1 from an FeC12 solution. Five distinct concentrate compositions were employed in the experimental study, which included some attention to the fates of selected minor constituents of the copper concentrate, especially gold, silver, molybdenum, arsenic and selenium. Significant mineralogical features of reactants and products are described.

Jan 1, 1978

1944 WALTER HULL ALDRIDGE New York, N Y 1946 PETER M ANDERSON Johannesburg, South Africa 1946 CHARLES CAMSELL Ottawa, Ont, Canada 1946 CHARLES AUGUSTUS CARLOW Fife, Scotland 1946 CECIL H DESCH London, England 1946 WILLIAM FRASER London, England 1917 HERBERT HOOVER New York, N Y 1941 DANIEL COWAN JACKLING San Francisco, Calif 1939 HENRY KRUMB New York, N Y 1942 ESSINGTON LEWIS - Melbourne, Vic , Australia 1921 C MCDERMID London, England 1944 WALTER C MENDENHALL Washington, D C 1942 PAUL DYER MERICA New York, N Y 1913 EZEQUIEL ORDONEZ Mexico City, Mexico 1938 A M PORTEVIN Paris, France 1937 GEORGE S RICE Washington, D C 1934 T A RICKARD Victoria, B C, Canada 1946 JOHN R SUMAN Houston, Texas 1946 WONG WEN-HAO Chungking, China

Jan 1, 1952

By T. A. Rickard

T HE life and career of Daniel Cowan Jackling constitute a distinctive part of a passing era, marked by the intensive exploration and exploitation of the mineral resources of the western regions of the United States. In the development of his abilities and in the use of his opportunities, he typifies the initiative, the energy, and the skill of a modern captain .of industry. Daniel C. Jackling was born at Hudson, Mo., on Aug. 1.4, 1869. He was the only child of Daniel Jackling, born in England of English parents, and Lydia Jane (Dunn) Jackling, born in the United States, but of Scottish ancestry. His father died a few months after he was born, and he lost his mother less than two years later. The orphan boy was adopted by his aunt. He went to school as soon as he was old enough to walk the two miles, and back, alone. As opportunity offered, he went

Jan 1, 1937

By J. D. Prater, H. R. Spedden, E. E. Malouf

Application of research findings to the old art of leaching copper from copper-bearing mine waste has resulted in a significant contribution of copper to over-all copper production. For example, at the completion of the current expansion program at the Kennecott properties in the United States, copper produced from waste dump leaching will amount to about 25% of the total production, whereas formerly only 2% was derived from this source. This planned expansion of copper leaching focused attention on the problem of developing more efficient methods for the recovery of copper from greatly increased volumes of copper-bearing so1utions.l Detailed investigations made in laboratory pilot plant and plant tests for the recovery of copper from copper-bearing solutions have included electrowinning, solvent extraction, ion exchange and cementation with iron in launders, precipitation drums, activated launders, and precipitation cones. The results of these investigations have led to the development of a precipitation cone-type recovery system having advantages over older methods.

Jan 4, 1966

OFFICERS AND DIRECTORS For the year ending February, 1934 PRESIDENT AND DIRECTOR FREDERICK M. BECKET NEW YORK ,N . Y. PAST PRESIDENTS AND DIRECTORS ROBERT E. TALLY JEROME ARIZ SCOTT TURNER WASHINGTON D. C.

Jan 1, 1932

By R. G. Johnson

The prevailing system of locating wells on a rectangular basis, as shown in Fig. 1-A, has developed because of the exigencies of offsetting at boundary lines. When, however, a very large tract is being drilled, it is often possible to abandon this inferior method for the superior arrange- ment known as "staggering," which is illustrated in Fig. 1, B and C. The advantages of the triangular over the rectangular method are evident from Fig. 2, computed on the basis of one well to 10 acres (4 ha.). With the triangular system, no land is more than 409.4 ft. (124.8 m.) from a

Jan 1, 1920

OFFICERS AND DIRECTORS For the year ending February, 1932 PRESIDENT ROBERT E. TALLY JEROME, ARIZ. FREDERICK W. BRADLEY SAN FRANCISCO, CAL. WILLIAM H. BASSETT,P WATERBURY, CONN KARL EILERS NEW YORK N. Y.

Jan 1, 1929

Discussion of the paper of FRANK H. KNEELAND, presented at the New York meeting, February, 1914, and printed in Bulletin No. 97, January, 1915, pp. 61 to 65. B. F. TILLSON, Franklin Furnace, N. J.-I think it may be of interest in respect to the information we have received in regard to the danger of machinery in mining operations, to state that in the particular type of metal miming which the New Jersey Zinc Co. is doing at Franklin, during the past year, although there have been other accidents, that method of miming was free from any accident due to machinery underground. It may give a different light as to the relative degree of the importance of machinery as varying with different types of mining. ARTHUR WILLIAMS, New York, N. Y.-Mr. Kneeland's able presentation of this paper, it seems to me, bears out the suggestion which has been so frequently made that in this country we have a new profession, that of the safety expert or safety engineer, which calling, if properly carried out, would include also questions of sanitation. While Mr. Kneeland was speaking, it occurred to me that perhaps any one, however experi-enced he might be in mining generally, would pass through these mine shafts and these operating rooms, and the things which might cause accidents, which would cause accidents if the right conditions were to occur, would pass by entirely unnoticed by him, but when the safety expert goes into these places he sees these things which he immedi-ately recognizes as being spots of danger and provides means for their elimination.

Jan 5, 1915

By S. C. Sun

Most previous work on sedimentation of coal 1 and mineral 2-3 suspensions has been conducted in graduated 1-liter glass cylinders of 6-cm diam. With this type of large container it is often difficult to see through the suspension and tedious to perform a large number of tests. Furthermore, the heavy glass walls and the graduation lines of glass cylinders cause internal and stray reflections, respectively. To obviate these difficulties, an Atlab Emulsion Viewer from Arthur H. Thomas Co. was adopted as an alternative apparatus. Equipment: The viewer," shown in Fig. 1, consists of: 1) a stainless steel frame rack holding 21 flat-bottom Nessler tubes or an ungraduated replica 1.64 cm ID and 1.80 cm OD, 2) a movable masked 150-w lumaline lamp behind the tubes, and 3) a scaled glass panel with 100 vertical divisions in front of the tubes. The tubes are snugly held by springs in slots formed by spacer bars, which also serve as shields to eliminate stray light. The lumaline lamp is mounted behind a slit in a movable housing so that it can be positioned behind the suspension to be examined. The lowest or 100-divi-sion line on the front glass plate is leveled with the upper side of the bottom of all tubes. The scaled portion of each tube, roughly 19 cm high and 40 ml in volume, is used to study coal and mineral suspensions. Procedure: The following procedure was used in many tests. A 1.6-gm sample of dry coal was mixed with 16 ml of distilled water in an ordinary test tube and allowed to stand for three days, with occasional shaking to insure thorough wetting of all particles. The slurry was transferred to a Nessler tube and diluted to 32 ml. The pH regulator and flocculating reagent were added, and the slurry was diluted to reach the uppermost or zero-division line. The tube was immediately stoppered and inverted downward and up again ten times during a period of 35 to 40 sec. The lumaline lamp was turned on during the inversion period. After inversion the tube was quickly returned to the viewer rack. The time elapsed for each 10-division drop of the demarcation line between solid and liquid was recorded by stopwatch until the 80-division line was reached in the zone of compression. Additional readings were taken at 15, 30, and 60 min after settling began. The clarity of the supernatent liquid was observed also. As the settling rate became considerably slower at the 75-division line, it was convenient at this time to start the next test in a separate Nessler tube. This was continued until the suspensions in any number of the 21 tubes were tested. An attempt was made to correlate the experimental results between the Nessler tube and a 1-liter glass cylinder. Table I shows that coal particles settle much faster in the cylinder than in the tube, which has a large wall effect.' The correction factor for the tube impedance is 1.662 2 0.145 at the 40-division line in the hindered settling zone, and 1.614 & 0.139 at the 75-division line in the compression zone. This rough correlation was established by dividing the pulp height of each container into 100 divisions and comparing the settling rates of the two containers at the same divisions. Tests were also performed to determine the accuracy of the viewer. The results, not presented, showed that error was within 10 pct.

Jan 1, 1960

By F. V. Tideswell

THE suggestion, which appears to find increasing favor, that the elementary composition of coals should be used as the basis of their classification, makes it important that our methods of expressing this elementary composition should be refined. It is doubtful whether many published ultimate analyses of coals are accurate within 1 per cent. carbon. Many are probably as much as 3 or 2 per cent. in error in carbon. It is, perhaps, not always realized that the extreme variation in carbon content over the range of bituminous coals is but 16 per cent. An error of 1 per cent. in carbon on analysis corresponds therefore with one-sixteenth of the whole range, an amount which is unjustifiable even for the application to commercial needs of a system of classification based on ultimate analysis. For the purposes of scientific research such limited accuracy is of little value. The object of this paper is to examine one important source of error in ultimate analysis, that due to the occurrence in coal of inorganic material, and to emphasize the need for the quantitative measurements (of carbon more particularly) on coals to be rendered independent of their contents of such material.

Jan 1, 1928

By Asheim, Harald A.

Parameter estimates affect both the optimum field development decisions and the economic result. A general methodology for assessment of the effects of parameter uncertainty in offshore development decision situations is proposed, and used to analyze aspects of the initial development situation for the Statfjord field.

Jan 1, 1982

By R. F. Stewart, A. W. Hall

A method has been developed for continuously measuring the moisture content of coal. The method is based on the thermalization of fast neutrons by hydrogen in the coal. Neutrons from a small radio-isotope source penetrate the coal, are scattered by hydrogen, and measured by a thermal neutron detector. The number of thermal neutrons counted can be directly correlated with the moisture content of coal. In a pilot-scale system, moisture was measured continuously within 0.2% in coal moving at rates up to 20 tph. The method is adaptable in industry for continuously measuring the moisture content of coal at high tonnage flow rates. Such an application would permit continuous recording of moisture in coal without sampling and facilitate quality control. An automatic and continuous method of measuring the moisture content of coal is needed by the coal industry. Automatic control of the coal quality would reduce the cost of coal preparation, improve the product, and thus indirectly increase the use of coal. Moisture in coal can be determined by several methods, but the time required to obtain samples and analyze them by existing methods makes it difficult, if not impossible, to control the quality of the product. Both producers and consumers need a method for continuous and instantaneous measurement of moisture content without sampling in order to regulate process equipment and keep the moisture content of coal within specifications. At the Morgantown, W. Va., Coal Research Center we are developing a nuclear method for continuous measurement of moisture in coal. This method is based on the thermalization of fast neutrons by hydrogen in the water and organic matter of coal. Neutrons from a small radioisotope source penetrate the coal, are scattered by hydrogen, and are measured by a thermal neutron detector. The number of thermal neutrons counted can be directly correlated with the moisture content of coal. Design of a moisture meter based on neutron thermalization depends on many variables, any or all of which can affect the sensitivity of the meter. These factors include those related to the nuclear aspect; type and size of neutron flux and source, type of detecting device, and background count; and those related to the coal being tested: rank, particle size, and ash content. A survey was initiated to eliminate the relatively insignificant factors and to ascertain the magnitude of the major effects. Such information was necessary to fully evaluate the technique and to establish design criteria. Coal contains a relatively large amount of hydrogen in the organic coal substance and the water of hy-dration of the shaly material as well as in the moisture. To apply this concept of moisture measurement to coal requires that the organic substance in coal from any one seam of a particular mine be uniform in hydrogen content. The difference in total hydrogen content of wet and dry coal is relatively small, so that a moisture measurement based on this concept requires a measurement between two large numbers to a high degree of precision. Thus, it was necessary to develop a highly precise instrumentation system for continuous measurement and to obtain a physical arrangement permitting measurement of moving coal with a minimum effect from density variation. EXPERIMENT WITH TRAYS OF COAL Tests were conducted with metal trays containing SO to 100 lbs of coal to develop an instrument system of high precision. A scaling system with a maximum instrument error of 0.2% was used to test different types of thermal neutron detectors. The most suitable type of detector was a boron-10-lined proportional counter tube. While this type of detector showed satisfactory stability, extensive testing disclosed a long-term count reduction probably due to some type of deterioration in the detector. However, development of an electronic system using dual detectors eliminated this deterioration as a serious problem. (The second detector would be used to measure a reference drum of dry coal — the difference in count rate between the wet coal and dry reference coal being a direct measure of moisture content.) Table I, column 1, shows typical results with a 1-curie plutonium-beryllium neutron source and a thermal neutron detector beneath a tray of coal and illustrates the precision of measurement. Consecutive measurements (indicated in Table 1, columns 2-5) of thermal neutrons at various times and positions be-

Jan 1, 1968