Search Documents

By H. A. Dakin

"An introduction to the metallurgical requirements of the Flin Flon concentrator reveals the magnitude of ore blending which is required in its operation of three flotation circuits. The resulting variability in flotation heads which has in-creased the separations complexity justified the development of an on-line analysis system.This paper provides a summary of the development and operation of that system. Particular attention is devoted to the problems encountered and where possible their solutions; as the requirements of accurate information and minimum downtime of the sampling system and x-ray analyzer are considered essential. The addition of a recess central computer has provided information in a more easily understood form and as well has allowed the start of automatic reagent control.An indication of the on-line analysis system's value to the concentrators' operation is provided by an examination of the plant in metallurgical data and reagent costs in previous years.The metallurgical plants of Hudson Bay Mining and Smelting lie adjacent to the city of Flin Flon on the Manitoba-Saskatchewan boundary. Plant operations commenced in 1930 treating copper-zinc ore from the local mine. In recent years ore bodies near Flin Flon and in the Snow Lake area, about seventy-five miles east, have been brought into production.By the beginning of 1973 the number of producing mines had increased to nine; with all the ore being handled by the Flin Flon concentrator. Figure l, showing mine ore assays during 1973 indicates the variation in metal content possible."

Jan 1, 1974

By J. P. Sancho, J. M. Duart, J. I. Verdeja, J. O. García

Following a short review of the history of rails used in the transport of passengers and goods, this paper describes the process for rail fabrication, rail structure, and properties, and summarizes the fatigue test curves carried out on rails used today. Also reported is the process for “continuous rail” production using aluminothermic welding via the introduction of weld metal in onsite casting, as a homogeneous melt. Weld characteristics of aluminothermic welding using different preheating procedures—fusion zone, heat-affected zone, microstructure, hardness, slow bend test, and fatigue test resistance (Wöhler curves)—are related to preheating and welding procedures of 700, 900, and 1,100 MPA rail grades. The Locati method is preferred over the staircase method for ascertaining the fatigue limit due to its simplicity. Macrographic and metallographic inspection of broken specimens reveals the reliability of welding techniques and the good metallurgical quality of welds.

Jan 1, 2007

By L. Connolly, F. R. De Luca

"Rubber liners at Denison Mines Limited are used in 10 1/2x 24' low discharg0 pebble mills. These were originally 10 1/2 x 13 Dominion overflow type ball mills. Experience here shows that the wear of rubber and ni-hard lifters is approximately the same in the feed end half of the mill, while the wear of rubber lifters is much greater in the discharge half. The wear of rubber plates is considerably less than white iron in the feed end half of the Mill and slightly more in the discharge end half of the Mill. Rubber components are lighter to handle but their installation is time consuming. This leads to the conclusion that a combination of ni-hard lifters a~~ rubber plates is the most economical compromise in Denison's case, for the Mill. Rubber discharge grates are superior to steel grates, while steel feed end liners are superior to rubber.The Use of Rubber Mill Liners at Denison Mines LimitedGrinding is done in two identic0al circuits each consist-ing of one 10 1/2 x 14' Dominion overflow rod mill, two Dorr Oliver quadraplex rake type classifiers, two 10 1/2 x 24' Dominion low discharge grate pebble mills and ancillary pumps and conveyors for pebbles. There is one centrally located distributor box that receives the discharge of the 4 pebble mills and splits it out to the classifiers."

Jan 1, 1974

By Gerald Whittle

What is Enterprise Optimization? Releasing value through better planning decisions: Philosophy, Methodology, Software The key to 5% -35% increase in enterprise value (NPV) The culmination of 25 years development in optimization for the mining industry ?Jeff Whittle Simultaneously optimizing: ?all steps in the value chain ?all assets in the enterprise portfolio ?all periods together

May 1, 2010

By Casey Erickson

Goldstrike Property ??Located in Elko, NV USA?Carlin Trend ??Mining Since 1985 ??27 Million Ounces of Gold Mined ??Production of 400,000 tons/day ??1,600 Employees

May 1, 2011

By Charles "Chick" Rodgers

"The Key Lake uranium mine is the largest single uranium producer in the world. It is owned 2/3 by Cameco Corporation and 1/3 by Uranerz Exploration and Mining. Cameco is the operator. Current production is fourteen million pounds per year of uranium oxide (U308).The mine's location is 570 kilometres north of Saskatoon on the southern edge of the Athabasca Basin approximately at latitude 57° 11 'north and longitude 105° 34' west. Access to the mine is by an all-weather road and a private airstrip.The mill was commissioned in 1983. A molybdenum plant was constructed in 1989 in response to increasing molybdenum content in the yellowcake or final product. Early test work had showed that the first ore body to be mined, the Gaertner deposit, would present few problems with regards to molybdenum in the product. However, the test work also showed that the higher molybdenum content of the Deilmann ore, the second Key Lake orebody to be mined, would result in increased molybdenum concentrations. Without the molybdenum plant, penalties would become excessive and some product might not accepted by the refineries.This paper will describe the current Key Lake mill process with emphasis on the molybdenum solvent extraction process. It will cover the chemistry of the process, process development in the mid 1980's, and current operating practices.The Key Lake milling process consists of five individual plants, crushing and grinding, leaching -counter current decantation (CCD), solvent extraction, yellowcake/crystallization and bulk neutralization (Figure 1. Simplified Mill Flowsheet). A detailed mill flowsheet can be found in the appendix."

Jan 1, 1996

"Air Products approached LAC Minerals in 1987 to initiate trials with pure oxygen in the leach circuit at several LAC facilities in Canada. This paper gives an overview of oxygen use and covers specific operating data from the Doyon and Terrains Aurifères mills near Val D'Or in northwestern Quebec. LAC also uses oxygen at the Macassa mill in Kirkland Lake, Ontario.In addition to the LAC facilities, oxygen is currently in use for test purposes at the Holt McDermott mine in Kirkland Lake, Ontario and the Camflo mine near Val D'Or.There are two requirements for oxygen in the cyanide leach mill. Firstly, oxygen is required in the familiar gold dissolution reaction as follows:(1) 4 AU (s) + 8 NaCN (aq) + 02 (aq)+ 2H 20(aq) - 4NaAu(CN) 2(aq)+ 4Na OH(aq)Of the reagents on the left side of the equation, the availability of gold is fixed by the ore in question. Obviously, water is available in excess, 1eaving cyanide and oxygen as the limiting constituents in the process. Most mills operate with an excess of cyanide, which is fairly closely monitored. Dissolved oxygen levels, however, are not normally watched very closely and find their own level based on the temperature, the availability of compressed air and the ability of the ore to consume oxygen.Typical D.O. levels are in the 3-8 ppm range, however levels less than 1 ppm are not uncommon for refractory ores.With pure oxygen, dissolved oxygen levels as high as 30 ppm can be achieved. (Figure #1). This greatly accelerates the kinetics of the leach reaction and may also shift the reaction further towards completion thus increasing gold dissolution slightly."

Jan 1, 1990

By Å. Kruukka, H. F. Broicher

The iron ores of the Kiruna mine in Sweden are of exceptional quality except for the phosphorus content in certain zones of the orebody. The prevention of mixing ores high in phosphorus with those low in phosphorus has always been of significant economic importance. The ongoing introduction of tele-mining and automatic haulage by LHDs requires new means in the field of quality control underground, as the experienced miner as well as the underground laboratory assistant no longer are involved in the process. As of 1998, LKAB has been testing prototypes of LIF (laser-induced fluorescence) analyzers for non-contact and real-time measurement of the phosphorus content of ore being transported by LHDs from the stopes to the respective ore pass assigned to a certain ore quality. The principles of the analysis of laser-induced fluorescence, the different test phases and results are described and conclusions made. With bulk sorting of ore underground, the mining engineer supports the efforts of the metallurgist in the processing plant.

Jan 1, 2002

By J. Patterson

"Acid Mine Drainage (A.M.D.) formed from oxidation of disposed pyritic wastes presents a potential pollution hazard for Equity Silver Mines Limited and the mining industry in general. Failure to collect and treat these acidic effluents can eventually affect the quality of receiving streams and endanger aquatic life forms. Treatment and discharge of A.M.D. to the receiving environment must comply with stringent anti-pollution laws.Wastes mined at Equity Silver Mines Ltd. are predominantly acid generating and must be handled according to a materials management plan to minimize impact on the environment. Effluent collection and treatment facilities have been constructed to address the short term environmental concerns with reclamation and research programs being developed to address and monitor abatement measures for control over the long term.The purpose of this paper will be to offer a brief overview of these measures. Key topics for discussion will be: kinetics of Acid Mine Drainage, acid generating potential, water treatment and sludge handling, special wastes, waste dump construction, waste rock amendments, bacteriocide research, simulations, and reclamation measures. Programs designed to evaluate impact on the receiving environment, although they form an extensive part of the program, will not be discussed in this paper.INTRODUCTIONEquity Silver Mines Limited is located in the Central Interior of British Columbia, within the Omineca Division, 35 kilometers southeast of Houston Mining and approximately 575 kilometers by air north-northeast ofVancouver (Figure 1).The deposit consists of three economic mineralized zones: The Southern Tail, Main and Waterline Zones. Mining of the Southern Tail commenced in April, 1980 and was completed in the first quarter of 1984. Main Zone production was initiated during the last quarter of 1983 and the Waterline Zone remains undeveloped to-date. Remaining reserves are in the order of four years contingent on favourable metal prices. The three deposits (Figure 2) occur within a window of interbedded volcanic and minor sedimentary rocks. The older volcanic sequence is bounded on the west by a small granite-like stock and on the east by a gabbro-monzonite complex. All are overlain by a series of younger lava flows."

Jan 1, 1988

By Richard Klimpel

"Over the last 15 years, there has been a number of plant scale sulfide mineral flotation tests organized by this author specifically aimed at understanding how flotation rate varies with reagent type and dosage. With regard to the Interaction of collector dosage, particle size, and frother type, the eight specific trends listed in the paper (Illustrated with data from two specific case studies) are qualitatively the same for almost all plants studied in some depth. The Interaction of flotation rate K and equilibrium (Infinite time) recovery R in the plant has been denoted as the R/K trade-off. The effect of collector dosage on the rate of flotation of specific particle size intervals is particularly interesting and once understood, is quite useful In understanding how industrial flotation plants respond to changing reagent type and dosage. The location and magnitude of the R/K trade-off can be different for various ores and various plant configurations, but the RIK trade-off is almost always present. The purpose of this paper is to clearly describe and illustrate the nature of this very Important flotation system Interaction so that operating engineers have a starting reference point for beginning successful plant Improvement studiesIntroductionIt is well recognized by industrial froth flotation plant operators that improving existing sulfide circuit performance is often difficult due to the self-compensating systems nature of the froth flotation system, e.g. Klimpel (1988, 1989, 1995). Extensive plant testing with existing and new reagents by this author throughout the world has clearly shown that one of the more important self-compensating mechanisms is the Interaction between collector dosage, frother type, and particle size. The term self-compensation in flotation simply means that as the plant operator consistently changes one parameter in the same direction, the nature of the froth flotation system Is such that the circuit will eventually begin to resist this controlled parameter change by automatic (uncontrolled) changes In other parameters and the overall circuit performance will go through a maximum or minimum (hence causing the operator to stop the parameter change)."

Jan 1, 1997

By E. W. Thorton

"This paper is intended to show that grinding media can effect flotation results, and in some instances the results are vastly different. I do not suggest that autogenous grinding is beneficial in the separation of all complex base metal ores, in fact I know of a case where autogenous grinding would be disastrous to any selective flotation. I do however contend that prospective flow sheets and reagent balances of any complex base metal ores should be tried with both types of grinding. I feel fortunate that the paper to be presented later in this meeting by Rene Klymouski will, I think, compliment and perhaps explain some of the results of my research.This paper will be in four parts. The first part deals with a literature survey on the subject. Surprisingly enough, very little information has been printed on the subject. The second part deals with results obtained in bench scale tests on an ore from Chester Mines Limited. It was in these tests that we realized that steel grinding was giving us serious problems. So bench scale tests are shown giving results with a stainless steel grind, a mild steel grind and a grind in a ceramic mill with ceramic billets.The third part of the paper deals with results obtained in the Mines Branch Pilot Plant, when again we ground the ore with three different types of grinding media. Incidentally, this has been the only pilot plant test made at the Mines Branch in which flotation products were made on both steel grinding and autogenous grinding on the same ore. The fourth part deals with two other New Brunswick ores and is intended to show that changing the grinding media effects ores other than that of Chester Mines Limited."

Jan 1, 1973

By O. M. Arafat, J. A. Finch

"The Functional Performance Equation calculated from a plant grinding survey defines two distinct ball mill circuit efficiencies and how they relate to total production rate through the target grind size. The survey data are also used to calculate a complete ball mill size distribution model, represented by the energy specific grinding rates, not just through the target grind size, but through all the size classes. Cyclone separation performance is represented by individual size recoveries to underflow. When these two unit operation performances are entered into the circuit modelling program (Streamline™), along with the circuit feed rate and size distribution, all the circuit survey size distributions and mass flows are perfectly regenerated by the program. The many issues associated with the historical Epstein (breakage-selection) models are eliminated. Once the circuit program is populated, pump and cyclone performance changes can be evaluated using a step-by-step procedure in order to maximize Classification System Efficiency. Mill water use and media sizing opportunities are also diagnosed in order to maximize Mill Grinding Efficiency at the size of interest. An example is provided. This circuit analysis and modelling system, and related training, is provided through a web-based application.IntroductionSince its development (McIvor, 1988), the Functional Performance Equation for ball milling has facilitated new understanding of industrial circuit cause and effect relationships, leading to significant strides in operational performance. Success stories of this refreshing approach to plant circuit performance improvement are now too numerous to list. Finch and McIvor (circa 1986) also discovered that the Functional Performance “Mill Grinding Rate” at the size of interest was the same cumulative grinding rate that is calculated from mill feed and discharge size distributions using a first-order rate equation. By calculating these cumulative grinding rates for all screen sizes, a complete ball mill model is generated (as used by Finch and Ramirez, 1981). Others in industry, Hinde and Kalala (2009), for example, have noted the same. Lacking the complexity needed to maintain their interest, most researchers have ignored this model, broadly opting instead for Epstein’s (1948) characterization of grinding as a chemical reaction, combining “selection rate” and “breakage size distribution” functions. The much simpler ball mill model presented here has previously been incorporated into a proprietary circuit modeling program (McIvor, 2005) and used for plant improvement work (for example, see McIvor and Finch, 2007, and McIvor, 2014). Now, by combining this extremely business-friendly ball mill model with optimization criteria from Functional Performance Analysis, a circuit modeling system (including the needed supplementary steps to assure successful plant implementation of circuit design changes) is at the disposal of every plant metallurgist, grinding equipment/material provider, and circuit designer."

Jan 1, 2017

By Chuck Edwards

"Cameco operates the high-grade McArthur River uranium mine in northern Saskatchewan, and is constructing the high-grade Cigar Lake uranium mine. Cameco has studied the concept of underground milling of high-grade uranium ore. Compared to conventional milling on surface, the underground milling scheme appears to offer significant cost savings and a lower environmental impact. This paper describes the underground milling scheme, presents process flowsheets and plant layouts, and provides an assessment of potential benefits from underground milling.INTRODUCTIONCameco CorporationCameco is the world’s largest uranium producer, with three operations in Saskatchewan (Rabbit Lake mine/mill, McArthur River mine, and Key Lake mill), two in the United States (Crow Butte and Smith/Highland ISL operations) and two new mines being developed in Canada (Cigar Lake project) and Kazakhstan (Inkai project). Cameco provides uranium fuel refining and conversion services at its Blind River and Port Hope facilities in Ontario. Cameco is part owner (31.6%) of Bruce Power that leases eight nuclear power plants located in southern Ontario. Cameco is the majority shareholder in Centerra Gold Inc., which operates gold mines in the Kyrgyz Republic and in Mongolia.Global Uranium Production RequirementsCentral to Cameco’s view of future uranium supply requirements is the belief that the world is experiencing a nuclear renaissance. This belief is supported by a number of developments, including:•,?Countries representing half the world’s population are now constructing new nuclear power plants. Many countries without nuclear power have begun to plan for it, seeking reliability, clean air and energy independence.•,?Accelerated growth for this industry is also becoming much more likely. In Asia, primarily in China and India, 92 reactors are under construction, on order or planned to help meet rapidly expanding economic needs. Other Asian countries, such as Vietnam and Indonesia, with large populations and rapidly growing economies, are also expected to follow.•,?In the United States the “Energy Policy Act of 2005”, the first energy legislation introduced in over a decade, was signed. This legislation includes provisions recognizing, for the first time at a national level, the clean air contribution of nuclear energy and its critical role in meeting energy security. Upon signing this landmark legislation President Bush stated, “We will start building nuclear power plants by the end of this decade.”"

Jan 1, 2007

By R. D. Lawrence

"Comparable transaction analysis is the best known of the market approaches to valuation of exploration-stage mineral properties. The analysis of option and farm-in agreements can also provide useful guidance to valuators. While such approaches can be distorted by incomplete analysis, market-based methods are capable of providing consistent, credible results when carried out carefully with due consideration paid to all factors which buyers and sellers consider when dealing in the real market. IntroductionMineral properties without defined resources present one of the most challenging tasks to the mineral valuator. This paper will concentrate on market-based approaches to valuation of such properties. Other authors at MM2000 presented papers on cost and income approaches. Sorentino (2000) also provides a useful overview with some provacative commentary on methods.Market based-approaches are based on the principle of substitution and include such techniques as: comparable transaction analysis (sometimes referred to as sales comparison analysis); farm-in commitment (or option agreement) analysis; rules-of-thumb; and comparable market value analysis.Are there any valuation standards available to assist the valuator? In Canada there are none that apply to the valuation of mineral assets or securities. This problem is being addressed, at least in part, by the CIMVal Committee of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)1. Further, the recently established Canadian Association of Mineral Valuators will be giving consideration to the adoption of valuation standards."

Jan 1, 2002

By J. Davis, M. G. Reading

"INTRODUCTIONInternational Minerals and Chemical Corporation (Canada) Limited operates two potash mine/refinery complexes near Esterhazy, Saskatchewan. Annual production of approximately 4.2 million tons is sold in the United States and overseas in five grades according to size and quality.Ore grading 25% K2 0 equivalent is mined from a horizontal bed by continuous boring machines, crushed, and hoisted at 8 inches. The refinery operation consists of the eight basic steps shown in Figure 1. Particle sizes handled are similar to those experienced in other forms of mineral beneficiation: 8 inches to 100 mesh. The ore is crystalline and particles are angular. Fortunately the major mineral constituents, sylvite (KCl) and halite (NaCl), demonstrate relatively low hardness at 2 to 2.5.Therefore, while simple abrasion must be acknowledged, it is not a major problem except, of course, in circuits carrying magnetite.Corrosion, as represented by the classic equations of Figure 2, occurs in all its various forms."

Jan 1, 1983

By J. Ling, L. Racine, P. Cousin, A. R. Laplante

"The problem of gold recovery by gravity from high density gangues is first discussed from a fundamental perspective. Three potential difficulties are presented: poor liberation and fine gold particle size, concentrate bed erosion by coarse dense particles, and slow percolation of gold particle through the high density gangue bed. Two case studies are presented to illustrate the impact of these three problems on circuit performance and the feasibility of gravity recovery. It is concluded that careful testing can determine the scope of the first problem and feed preparation can limit the extent of the second. The third problem is clearly the most serious and results in lower gravity recoverable gold recoveries than would be achieved with the same recovery effort on a low density gangue application.IntroductionSince the commercialisation of the Knelson Concentrator in 1980, gold gravity recovery has experienced a surge in interest, in Canada and the United States first, then Australia, Zimbabwe and Russia, and finally worldwide. Table I details number of units sold in various countries, which corresponds approximately to their importance as gold producers 1. Exceptions. such as the low rank of South Africa or the importance of Zimbabwe, despite the much higher gold throughput of the former, are generally the result of differences in the effectiveness of the local marketing strategies, as well as a reflection of the ""philosophy of recovery"" prevalent in the country.The impact of the Knelson has not been felt equally in all plants. Typically, a highly successful application falls into the following categories: (a) alluvial or hard rock recovery for which gravity is the sole recovery method, (b) hard-rock free gold milling with ores which have a very high gravity-recoverable gold (GRG) content, (c) low grade sulphide copper-gold ores which include flotation ahead of cyanidation and (d) free-milling gold ores ahead of Other applications can be successful, but are not as common. The ""explosion"" of centrifuge concentration, of which the Knelson is the most successful but by no means the sole model, has created a certain euphoria which can be summarized as ""gravity recovery will improve the profitability of gold milling, no matter what."" This presentation is about applications that are not so successful, or even downright unsuccessful. The rationale is not to down-play gold gravity recovery, but to set it in its rightful position: metallurgically, it is not appropriate all of the times; it can become inappropriate if poorly designed; and it can be metallurgically possible but economically unjustifiable. In this paper, this will be illustrated and explained rather than demonstrated, with the use of both industrial plant surveys and laboratory test work. Alternate gravity approaches will be suggested."

Jan 1, 1997

By Jean G. Fortin

The manufacturers' proposed technology has been a key factor in selecting production, mobile and fixed equipment in order to achieve the targets set in our 2026 mining plan. This paper will present an overview of the most recent technologies adopted by Québec Cartier Mining Company for communications, power supply, dewatering, drilling, loading, hauling and processing. All these new technologies contribute to the improvement of our day to day operations while operating with a state of the art asset reliability program.

May 1, 2007

By W. Pawlak, J. Janiak, C. Rodkiewicz, B. Ignasiak

"There is a general consensus that, in order to widen the utilization of Western Canadian coals, a major effort must be devoted to their transportation, utilization of fines, beneficiation and mining techniques. It is postulated that the concept studied extensively over the last four years at Alberta Research Council (ARC), and based on a combination of hydraulic mining, selective agglomeration with bitumen and/ or heavy oil, pipeline transportation and oil recovery from agglomerates, offers a particularly attractive solution to the problems associated with extraction, beneficiation, transportation and utilization of Western bituminous and subbituminous coals. Results of preliminary experimental work on the feasibility of pipeline agglomeration of metallurgical coal and hydraulic transportation of agglomerates are presented and discussed in the context of conventional agglomeration techniques in stirred tanks. IntroductionAlberta is endowed with enormous reserves of low-sulphur coals which could attract considerable attention of potential customers, but the remote location of this province handicaps its competitiveness on the world market. It is known that Alberta's Cretaceous, particularly metallurgical, coals differ significantly from their Carboniferous counterparts; current R&D work on indigenous coals should continue to expand in order to encourage overseas client s to use these coals more extensively.There is a genera l consensus that, in order to widen the utilization of Western coals, a major effort must be devoted to their transportation, utilization of fines, beneficiation and mining techniques."

Jan 1, 1986

By Yves-Laurent Turcotte

Notre conférencier, Monsieur Yves L. Turcotte, Vice-président et Directeur général chez Promaintech Novaxa est diplômé en génie industriel de l?Université du Québec à Trois-Rivières et détient une maîtrise en gestion de projets de l?Université du Québec à Montréal. Il est une véritable sommité canadienne dans le domaine de l?amélioration de la performance des organisations. Provenant d'entreprises manufacturières et de services, il possède plus de 20 ans d?expérience en tant que développeur de technologies, conseiller et formateur auprès d?entreprises. Il a à son actif la réalisation de mandats dans plus de 400 entreprises. Il est reconnu pour sa grande capacité d?analyse et pour trouver des solutions novatrices et profitables aux problèmes des organisations les plus complexes. Aujourd'hui, il dirige Promaintech Novaxa, une division de DMR, qui a célébré son dixième anniversaire en 2006. Cette organisation ayant des places d?affaires dans la région de Montréal, Québec et Vancouver compte plus de 50 professionnels et a une carte de visite dans 16 pays. Les axes d?intervention sont le Management, la Productivité, la Fiabilité, l?Innovation et l?Amélioration Continue.

Feb 1, 2008

By Selwyn G. Blaylock

There is no more important problem today than industrial relationship, and probably none that is receiving more thought. But in these days of Epie and Utopia, one has to be rather careful in speaking on this subject. Consequently, for fear that my plea for taking the working man into the family might be misconstrued, by some, as a step towards communism or socialism, I would like to say at the outset that I believe that, so long as we have human individualism, human ambitions, human hopes and fears, straight socialism is as far off as the Millennium. The same applies to communism, which only differs from socialism in that the communist realizes that his ideals can only be attained by massacring millions and destroying all that we hold sacred. Each still looks to Russia for inspiration and guidance, totally disregarding the Soviet swing-back to individual contract work and differential wage scales. They seem to be oblivious of the tyranny and repression in the present Russian system, and get very restless when reminded of it. In spite of the fact that the standard of living in civilized countries has improved tremendously and is still improving, we find that, every seven or eight years, production in many lines has outstripped consumption, and we have had panics or depressions of greater or less magnitude, accompanied by extensive unemployment. It is evident to every thinking person that there must be no little inefficiency in the control of industry. For four long years, governments and industrialists have striven to find the key to solve the present problem. Many countries are getting back to a position approaching normal-Canada probably more so than most. None, however, can feel assured that they have actually cured the situation. All kinds of schemes have been developed; tariff barriers have sprung up over-night where none existed before; currencies have been inflated to gain added security in the home markets and to try to gain advantage in export trade; and each country watches the movements of the others with fear and mistrust. I am not prepared to formulate a full solution of our troubles, but I hope to be able to demonstrate the feasibility and wisdom of the type of industrial relationship I advocate, and also that it may be a large, and possibly an essential, step towards the solution of our difficulties.

Jan 1, 1935