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WHEN Magma Copper Company in 1952 set about finding $100,000,000 to finance the project of developing and equipping the property of its lusty progeny, the San Manuel Copper Corporation, A. J. McNab, president and guiding genius for both companies (and incidentally a mining engineer by profession), determined that he would avoid the mistake frequently made in such circumstances, of underestimating the cost, and thereby running short of funds before the job was completed. The fear that this might happen was one of the reasons why insurance companies, one potent source of "big" money, were reluctant to finance the enterprise. How, they asked themselves, would Magma, a relatively small company, get additional money in such a contingency? Insurance officials' thumbs were turned down. Conditions Imposed by R.F.C. The upshot was the negotiation by Mr. McNab for San Manuel of a contract with the Reconstruction Finance Corporation, dated July 10, 1952, whereby needed monies in amount up to $94,000,000 would be advanced as a loan, bearing 5 per cent interest. Arrangements were made for the separate financing of the new $10,000,000 town, needed for the project, through the Del E. Webb Construction Company of Phoenix, Arizona, and M.O.W. Homes, Incorporated, of Los Angeles. Thus the $94,000,000 drawing account was believed ample to provide for building the railroad, the mine plant, the concentrator, and the smelter, as well as for the underground development of the mine needed to start production. As a matter of fact, only

Jan 1, 1957

By William Fink

THE investigation of aluminum alloy systems prior to 1923 was severely handicapped by the low purity of the best aluminum available. However, by that time, the electrolytic purification of aluminum had been developed by the Aluminum Company of America,(1)? and in May, 1923, there was initiated, under the direction of E. H. Dix, Jr.,(2) a program for the investigation of the aluminum-alloy systems using the purest electrolytically refined aluminum. Up to the present time 15 papers (a) have been published, most of which are on the binary aluminum systems. Work is now in progress on the ternary systems, and it seems probable that most of the future work will be on ternary systems. Therefore this survey of the binary aluminum systems investigated up to the present time (the sixteenth paper of the series) concludes the first phase of this program. Certain qualitative relations between corresponding portions of the various binary diagrams as well as between different parts of the same diagram were noted some time ago by R. S. Archer.(4) In the present . paper these relations and others are considered quantitatively by the application of well-known thermodynamic equations or by newly discovered empirical relations No attempt will be made here to present the history of the develop-ment of the thermodynamic equations defining equilibrium or their application to metallic systems, although a list of references is given at the end of this paper for those who are interested in this phase of the

Jan 1, 1934

Jan 1, 1901

By R. C. Stevens

INTRODUCTION Idarado Mining Company, a subsidiary of Newrnont Mining Corporation, is situated high in the San Juan Mountains in southwestern Colorado. Portals, offices and surface plants are located near the towns of Ouray and Telluride at elevations ranging from 9,000 to 12,000 feet. The Ouray portion of the development was initiated in 1943. Upon completion in 1945 of a 250-ton mill, processing of development ores containing copper, lead and zinc was undertaken; thus, serving as a pilot testing unit for larger scale milling operations. These facilities were subsequently enlarged and utilized until 1956. Meanwhile, in 1953 Idarado had acquired The Telluride Mines Company, 62 miles distant by highway; however, only six miles via a network of tunnels which eventually linked the two workings. Extensive underground development and increased ore production necessitated reconstruction and expansion of the milling plant. The facility was designed to accomodate processing of 1700 tons of ore daily. This goal was achieved and it represents the current daily output. MINERALOGY The veins are a compound fissure which have undergone several stages of mineralization. The first stage is represented by complex ores of copper, lead and zinc in a quartz gangue. Precious

Jan 1, 1970

Within the last century, and largely during the latter half of it, the increase of our knowledge of the development of man, both in his search for a livelihood and for power, and in the growth of his reason and conscience, has been greater than all we had known before. The great interest in all kinds of archaeological work and the many excavations made of buried and long forgotten places has put at our disposal historical records-not available, and in many cases not known before, and a study of these and other records of human progress from paleontological and geological sources has given us a much broader view of what we call "civilization" than was possible even a short time ago. The old idea that men were created with fully developed minds, speech and reason has yielded to the view that in the upward progress of the human race the development of the mind and reason has been a comparatively recent occurrence, as we think of the half million, and probably more, years that have passed since our earliest records of man were made. The traits that come to us without effort

Jan 1, 1939

By A. T. Miesch

The purpose of this paper is to explore relations between the distribution and composition of uranium deposits on the Colorado Plateau and mineralogic, chemical, and lithologic aspects of their host rocks. The paper also appraises the host-rock sandstones as possible sources of elements in the uranium deposits. Other possible sources of elements are not discussed. Uranium deposits on the Colorado Plateau consist largely of sandstone and small amounts of mud-stone impregnated with uranium and vanadium miner- als and a suite of minor accessory minerals containing copper, lead, zinc, silver, iron, cobalt, nickel, yttrium, molybdenum, selenium, and arsenic, in addition to other elements locally. The deposits consist of clusters of closely spaced ore bodies which commonly aggregate several thousand tons, but range in size from less than one ton to several million tons. With only rare exception, the deposits show no close relation to fractures. The ore bodies are generally tabular in layers nearly parallel to the bedding in the host rocks, or they cross bedding at large angles to form roll structures. Absence of fracture control necessitates that the ore and associated elements were transported to the deposits by way of interstitial pore spaces in the sandstones. This points to the general process of lateral secretion as a possible mechanism of ore formation, and suggests the host-rock sandstones as a possible source of the metals. Roll structures in the ore

Jan 1, 1962

Jan 6, 1951

By William G. Brissenden

Gaspe Copper Mines Ltd., a subsidiary of Noranda Mines Ltd., operates a completely integrated copper mining, milling and smelting plant at Murdochville, on the Gaspe Peninsula of Quebec. Operating six days a week, the mine produces 8000 tpd of ore. The mill runs continuously and capacity is rated at 6500 tpd of ore. Treating Gaspe concentrate output plus a certain amount of custom concentrate, the smelter produces between 3700 and 4000 tons of copper anodes per month.

Jan 9, 1959

By Thomas V. Falkie

The three basic ingredients of fertilizers are nitrogen, phosphorus, and potassium. Nitrogen comes from natural gas or other sources and is usually a "manufactured" ingredient. Phosphorus and potassium come from mineral sources which are mined in open pit and underground mines all over the world. Phosphorus is one of the 15 chemical elements needed to sustain life. Along with nitrogen and potassium, it is essential to the fertility of the soil and to the growth of plant life. Plants require phosphorus for proper soil conditions, early root formation, and crop maturity. Humans and animals require phosphorus for bone and tooth development. The primary raw material for phosphorous fertilizers is phosphate rock. It is found and mined in many areas of the world. Morocco, the United States, USSR, Tunisia, and some Pacific Islands are the leading rock producers. Other sources of phosphate are guano, bone meal, and other natural organics, but these comprise a very small percentage of all phosphate used. Phosphate rock in the United States is mined in Florida, North Carolina, Tennessee, Idaho, and Montana. Florida alone produces about 70% of all the rock mined in this country, mostly from a 20 X 30 mile area in Polk and Hillsborough Counties in central Florida known as the Bone Valley district. There are phosphate reserves in many parts of Florida, and within the past three years mining has begun in north Florida in Hamilton Country (see Fig. 1). In 1967, world phosphate rock production was about 75 million short tons (st). The United States produced about 35 million st (about 47%) of which Florida produced about 25 million st (about one-third of world production). According to Phosphorus and Potassium magazine (Mar./

Jan 1, 1969

By Harold V. Pearce

The plant of the Boston and Colorado Smelting Company, at Argo, Colo., has not received special notice in technical or scientific publications for some time past. Dr. Peters1 described the development of the reverberatory furnace used at Argo, but he dealt almost exclusively with the increase in size and the corresponding gain in capacity. Since the time of his description the changed conditions hare led to a modification of the

Jan 1, 1906

By J. E. Kemp

1. Situation.—From Monterey in the State of Nuevo Leon, the Sierra Madre mountains stretch away to the southeast and present a steep front to the northeast. The Monterey and Mexican Gulf railway. which connects Monterey with Tampico. follows their general line with its road-bed a few miles out from the foothills. At a distance of 100 miles from Monterey it passes through the town of Linares. and from Linares one can see far away to the southeast the peaks of another group of mountains rising from the general plateau and forming a more eastern

Jan 1, 1906

Discussion of the paper of N. V. Hansell, presented at the Cleveland meeting, October, 1912, and published in Bulletin. No. 72, December, 1912, pp. 1497 to 1,517. F. L. GRAMMER, Leesburg, Va. (communication to the Secretary*).:-Mr. Hansell conies from a country where charcoal is the fuel, and fuel is therefore costly. The Swedes appreciate more than most Americans the value of ore-concentration, not only in fuel-economy, but also in its influence on the quality of metal produced. Neither in these particulars nor in our knowledge of the dressing of iron-ore do I think. we can claim to be their equals. A 60 per cent. ore is not merely- twice, but more than four times, as valuable as an ore carrying 30 per cent,. Failure to appreciate this fact explains many idle American stacks, erected in defiance of it. Next to the rule that the equipment-cost of a blast-furnace increases approximately as the square of the hearth-diameter, I know of no mathematical relations involved in smelting iron which are less appreciated than the disadvantages of lean ores. Mr. Orn told me, when I was in Stockholm, that 2,500 patents on magnetic concentration had been taken out. He may have been joking as to the exact figure, but his remark indicated the great activity of inventors in this field. The magnetic separators seem to represent two main ideas, namely, wet and dry separation. The wet separators, such as the Gröndal, are applicable to ores requiring the greatest comminution by reason of the small particles of associated minerals or because of the occurrence of magnetite with a soft mineral likely to cake, as in those of Cornwall, Pa. Of the dry magnetic separators some are well suited for large-grained ores, such as those of Mineville, N. Y. We have also magnetic separators, like the Wetherill, for ores not usually classed as magnetic.

Jan 5, 1913

By William P. Lohden

INTRODUCTION It is recognized that, for a variety of reasons, some companies in the mineral industry today are by no means cash-rich and, in fact, are reporting a growing proportion of long-term debt in their capital structures. A review of recent balance sheets of small, medium-size, and some larger companies, indicates that a fair number still have substantial positions in cash equivalents such as U.S. government issues and other short-term money market instruments. In part, this paper concerns itself with companies which have sufficient cash and equivalents and/or cash generation to internally finance mining projects or expansions but which, for some reason, choose to borrow funds. Misconceptions which appear to frequently underlie so-called "leveraging" decisions are explored in this paper. Also considered are those circumstances under which any company, including one that is cash-rich, should consider borrowing for a project in an amount beyond what would otherwise be necessary based upon its internal financing ability. I do not 'attempt to cover the raising of equity capital in public markets in this paper. OVERALL RETURN ON TOTAL POOL OF INVESTABLE CASH SHOULD INFLUENCE FINANCING DECISIONS If you approach an individual with an investment which can be financed from his savings, or by borrowing at a rate higher than he is earning on his savings, he will quickly tell you that to pay interest at a rate higher than he is earning would reduce his overall income. Assuming he is not currently considering any additional investment

Jan 1, 1977

By T. S. Fuller

The work of D. J. McAdam, Jr.1,2 at the U. S. Naval Engineering Experiment Station, Annapolis, Md., on what has been called by him "corrosion-fatigue" has focussed the attention of the engineering profession in general, and of those interested especially in the study of corrosion in particular, on the importance of making tests which will indicate as nearly as possible what can be expected from a given material in service. Pitting is unquestionably the chief agent operating so tremendously to reduce fatigue limits, but in the light of previous work3, 4, 5, 6, 7, 8 it is fair to assume that absorbed hydrogen resulting from the action of the corroding medium upon steel may, under certain conditions, have a perceptible influence. The experiments described in this paper deal more precisely with stressless corrosion, or "prior-corrosion fatigue,"9 and have been carried out to test such an assumption, to segregate, if possible, the effect of pitting from that of absorbed hydrogen, and although very preliminary in nature they indicate results which are striking.

Jan 1, 1929

By A. E. Hunt, G. P. Clapp

This paper constitutes in substance a part of a more elaborate chapter, accompanied with extended tables of analyses, prepared for the book of Mr. Fred. H. Whipple on " Water-Supply." In advanee of that use of the material, however, it seemed appropriate to lay a portion of it before the Institute; and this opinion of the authors, the Council, by accepting the paper, has ratified. It may seem at first glance, nevertheless, that a paper dealing chiefly with this subject in its sanitary aspects, and only treating in a subordinate way of the one subject (boiler-scale) usually deemed to concern our professions, is somewhat out of place in our Transactions. But reflection will, we trust, correct this impression. In recent periods, and in continually increasing degree, the managers

Jan 1, 1889

By Charles Means

A THOROUGHLY modern coal-handling system has been installed at the Pittsburgh Terminal R. R. & Coal Co.'s new No. 8 shaft, or Coverdale mine, about 11 mi. (17.7 km.) from Pittsburgh on a spur f the Montour R. R. The Pittsburgh seam, which is the one worked, is reached at a depth of 342 ft. (104 m.). Power is delivered to the mine at 22,000 volts over a transmission line of the bow-arrow type of construction. A private telephone line connecting the various mines and the main office in Pittsburgh is carried on the same poles. The high-tension line is brought to an outdoor, step-down, transformer substation, where three 833-kv.-a., single-phase, 60-cycle, oil-insulated, self-cooled transformers reduce the potential to 2300 volts. The transformers are protected by electrolytic, aluminum-cell lightning arresters, horn gaps, and choke coils. High and low-tension busses, together with fuses, choke coils and air-break horn-gap switches with their remote-control operating mechanism are mounted on a substantial structural-steel tower 25 ft. (7.6 m.) in height. MINE SUBSTATION The transformer substation is adjacent to a pressed-brick building that houses direct-current substation equipment together with switchboards, etc., for the control and distribution of power. This building also contains the hoist for the men and supplies.

Jan 9, 1921

By John Reynders

Our entry into the World War suddenly brought home to us in a startling way the vital importance of manganese. Since the war, much has been written and said upon the subject of manganese and a great deal of time and money have been spent in attempts to find an adequate substitute for this metal in the manufacture of steel; none has been found. It is true that ways are known by which it is possible to make small amounts of good steel without manganese; but taking into consideration the diminishing quality of iron ores and fuels. as' well as the increasing exaction of specifications for finished products, it may safely be assumed that high-grade manganese ore will be more and. more a necessity in the production of steel as time goes on. Taking world resources as a whole it may be well to point out that the problem of obtaining needed supplies of manganese from a strictly commercial viewpoint is now less serious than it was before the war. Formerly it was feared that world resources of high-grade manganese ore might be exhausted in a relatively short time, but, largely as a result of the stress laid upon the importance of manganese during the war, the world's available supply of high-grade manganese ore has been greatly augmented by new discoveries and fuller development of previously known deposits.

Jan 5, 1927

By Eugene Guccione

For at least a decade, the energy crisis was accurately predicted by a small number of industry people who were ignored until last year, when they suddenly found themselves accused for their "lack of planning" and "greed." With the worsening shortage of natural gas and oil, the current scramble is for alternate energy sources-which means: a big rush into coal and uranium mining. (Some big plans are also on the drawing boards regarding geothermal steam, oil shale, tar sands, and even solar energy. But developing such new industries from scratch would be difficult enough even in a healthy economic climate-which is not exactly what the country currently enjoys.)

Jan 8, 1974

By E. C. Robertson

Observations of faults in mines, at outcrops, and in the laboratory lead to the conclusion that the displacement d of a fault increases irregularly but monotonically with the thickness t of its associated fault gouge and breccia, not including adjacent undisplaced jointed rock. The general trend of data points has a slope d/t of about 100. (The correlation coefficient of a logarithmic regression line is r = 0.94.) The rather wide scatter of the points can be accounted for by inaccuracies in measurement of d and t, and by variation in the conditions at faulting of confining pressure, rock type, water pressure, and deformation history. Limestone is an exception to the relation. Until the data can be corrected and refined, the relation should be used only qualitatively for estimating displacement of ore bodies in mines. The suggested relation is based on observations of 48 steeply- dipping normal and reverse faults and nine small flat-dipping thrust faults, with displacement less than 5 km (3 miles). It does not apply to large strike-slip and low-angle overthrust faults because their large displacements are poorly determined and their breccia thicknesses are widely variable.

Jan 1, 1984

The American Institute of Mining Engineers, the second of the four great national engineering societies established in the United States, was organized in 15,71. Its membership is composed of men engaged in the different branches of mining, metallurgy, geology, and chemistry. It includes both those who have worked their way up from the ranks and graduates from mining schools and universities, and at all times has counted in its membership leading technical educators. By a letter ballot of the members of the Institute, it was voted, at the annual business meeting of the Institute on February 18, 1919, to change the name of the American Institute of Mining Engineers to the American Institute of Mining and Metallurgical Engineers. The vote for the amendment to the Constitution making this change was a heavy one for such matters. It is the consensus of opinion that this marks an epoch in the history and usefulness of this Institute, and it is expected that the change will presage a large and healthy growth in metallurgical fields. Many metallurgists who knew nothing about min¬ing were loath to join a society of mining engineers, despite the fact that over 35 per cent. of the papers published in our Transactions during the past five years have dealt with metallurgical subjects.

Jan 1, 1923