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By Robert B. Parsons

"Canada's mining industry has reason to celebrate the federal government's budget which was tabled on February 26, 1986. The budget contains an important proposal to improve the flowthrough share rules by effectively eliminating the investor's liability to third parties. This proposed rule change and other important budget proposals are the subject of this month's edition of Tax Notes. IntroductionWhile Finance Minister Michael Wilson's February 26, 1986 budget received a mixed reaction from business and labour leaders, the budget was mainly ""good news"" for the mining industry. A long-standing bugaboo in the flow-through share rules will be cleared up, a permanent set of rules will be installed for the tax treatment of Northern allowances, and limited partnerships will apparently be able to continue to serve a useful role in financing exploration programs. Flow-Through SharesThe present rules which apply to an investment in flow-through shares are structured in such a way that the relevant Canadian exploration expense (""CEE"") must be incurred by the investor, and not by the issuing corporation. Obviously, in the case of most flow-through share issues, this requirement that the investor incur the CEE poses a practical problem-the investor typically does not have the expertise or organization to incur the CEE. As a result, an integral part of most flowthrough arrangements is an agreement whereby the investor appoints another party (usually the issuing corporation) as his agent to spend the flow-through funds on CEE on his behalf. Although the issuing corporation might consequently be the party which actually spends the flow-through share funds on CEE, nevertheless the legal structure is such that the investor is the ""principal"" who is incurring the CEE. As such, the investor is legally responsible for any third-party claims with respect to the exploration program. Third-party liability might arise, for example, in the case of property damage, personal injury, environmental infractions, and so on."

Jan 1, 1986

By L. Newman, R. Wyrick, R. Berezowsky

The Stillwater Mining Company operates an integrated mines, mill, smelter and base metals refinery complex in Montana, USA for the production of a high-grade platinum group metals (PGM) bearing concentrate, nickel sulphate crystal and cathode copper from the PGM-containing nickel-copper converter matte. The complex was constructed in stages over several years, starting with the mine and the mill, followed by the smelter and finally, a base metals refinery, which was commissioned in 1996. Due to the relatively small quantity of matte production, a straightforward refinery process was initially selected to extract the base metals, which reported to a mixed nickel-copper solution for further treatment off-site, and yielded a high-grade PGM concentrate suitable for treatment in a PGM refinery elsewhere. Subsequently, as a result of increased matte production, the process was modified to separate the nickel and copper, and to produce a nickel sulphate salt and cathode copper. This paper describes the design and operation of the original and the modified processes utilized in the base metals refinery (BMR).

Jan 1, 2004

By B. Krysa, J. Qiu

The zinc pressure leach plant at HBM&S's operations is now in its fifteenth year of operation. Current pressure leach operation is steady at a concentrate processing rate of around 26.5 tonnes per hour. A new cellhouse with a design capacity of 124,000 tonnes per annum and the capability of expansion of up to 154,000 tonnes per annum was commissioned in July 2001. The potential to expand the capacity of the pressure leach circuit and associated processes, as well as the purification circuit and casting plant, to meet the maximum capacity of the cellhouse has been investigated. This paper reviews current operation of the zinc plant, as well as the possibility of a capacity increase without major process modifications or major capital expenditures.

Jan 1, 2008

By Askari-Nasab, D. Checkel, K. Awuah-Offei

Life Cycle Assessment (LCA) is an emerging environmental management tool for examining environmental impacts from cradle to grave. In this paper, LCA is used to evaluate the acidification potential (AP) and global warming potential (GWP) of belt conveyors and truck haulage systems in a surface gold mine using the ISO 14040 standards. The results show that, for AP, the truck system has 32 kg of equivalent SO2 per functional unit, compared to 8 kg for the conveyor system. However, for GWP, the conveyor has 2,820 kg of equivalent CO2 per functional unit, compared to 648 kg for the truck option.

Jan 1, 2009

By C. R. Julian

MECHANIZATION During the last fifteen years, numerous attempts have been made to mechanize the operations of loading ore and placing till. It is to be regretted that, to date, little progress has been made in this direction. The comparative efficiency of manual labour in Spain is the factor largely responsible for the failure to cheapen costs by mechanization. The necessity for careful classification of the ore and the need for keeping all openings small also makes the problem one of difficulty. It may be of interest to describe the various attempts at mechanization that have so far been made. CONVEYORS: (1) When stoping by layout III in San Dionisio, a trial was made of transporting the filling by jigging conveyors. This method proved un-economical, as the wall building and spreading of the till could not keep pace with the delivery, with the result that the machinery was idle a great part of the shift. (2) The transport of ore from the working places to the ore-passes by jigging conveyors and belts was also tried. Although more successful than in the case of the fill, the method could not compete with that of hand tramming, principally due to the high cost of (a) maintenance caused by the abrasiveness of pyrites, and (b) labour constantly employed on re-aligning the conveyors owing to the constant settlement of the floor. In a few cases, where a sill floor was being blocked out in virgin ground, the method showed a saving. SCRAPERS: Frequent attempts at loading by scrapers have been made, but again the only success obtained has been in the blocking-out of sill floors. The principal obstacle to the successful application of scraping, other than on the sill floor, has been that the openings, which have to be small, call for a light scraper outfit, whereas, in practice, a heavy scraper and at least a 25 h.p. winch are necessary for handling satisfactorily the ore, which is heavy and which breaks somewhat blockily.

Jan 1, 1940

By R. H. Beaton

"About 1905, a plant was constructed at C1ayburn, in the Lower Fraser valley, 4'5 miles east of Vancouver, to process shales from Sumas mountain into heavy clay products. In time, mining operations were found to be more favourable on the opposite side of the mountain, and by 1913 a plant, which soon became the centre of activities, was completed at Kilgard. Destroyed by fire in 1949, the plant was rebuilt on modern lines, and a second plant was established at Abbotsford, six miles to the west. The Company, from its beginning, has grown with development of the Province. In recent years, operations have kept abreast of latest developments, particularly in materials handling. Latest innovation has been the complete conversion of fuel from Bunker C oil to natural gas. In 1957 the Company became associated with Harbison Walker Refractories, Limited, a leader in its field in the United States, and its title was changed from Clayburn Company, Limited, to Clayburn-Harbison, Limited. Currently, the Kilgard plant produces sewer pipe, agricultural tile, and flue liner; the Abbotsford plant, refractories and facebrick. Improvement of products and development of new ones are tasks of a recently-completed testing and research laboratory.Almost all ware produced is marketed in Western Canada or Washing-ton State. The Vancouver area absorbs the bulk of structural clay products."

Jan 1, 1959

By R Thomson

The use of uranium metal in non-ferrous metallurgical practice is dis-cussed with reference to its alloying behaviour and chemical activity. It is suggested that the more promising applications are in the treatment of molten metals to combine with impurities. Mines Branch work along these lines is described for copper, zinc, magnesium, aluminum and nickel alloys. It is shown that a cop-per-uranium master alloy (25 per cent U) successfully deoxidizes molten copper without detriment to the electrical or mechanical properties of the product at residual uranium levels of up to 0.8 wt. per cent. Additions of uranium to alpha brass in amounts greater than the lead impurity content were found to remove the deleterious effect of lead on hot-workability. Similar deoxidizing and malleableizing effects were found with uranium additions to nickel. It is thought that uranium forms stable intermetallic compounds with many impurity elements. A significant malleableizing effect can therefore be expected in the presence of other elements besides lead.

Jan 1, 1963

By G. F. Carr

"IntroductionFLUORSPAR has been found at several •localities in Newfoundland, but all the commercial deposits discovered to date are in the vicinity of St. Lawrence, a town on the southeast coast. Most of the veins are within six miles of St. Lawrence harbour, and between sea-level and an altitude of 400 feet. The St. Lawrence Corporation of Newfoundland, Limited, and Newfoundland Fluorspar, Limited, a subsidiary of the Aluminum Company of Canada. Limited. are the two producers.With the arrival of 1953, the St. Lawrence area entered upon its twenty-second •consecutive year as a producer of fluorspar. Production has increased more or less steadily during this period, as is shown by the fact that approximately one-half of the total shipments to date have been made during the past six years. Between four and five hundred men are employed by the industry, and more than $1,250,000 was paid out in wages and salaries during 1952. Shipments during that year reached an all-time high of 81,283 tons valued at $2,484,943, compared with 67,925 tons valued at $1,966,477 in 1951 (1).As a result of an agreement made in July, 1952, with the United States Defence Materials Procurement Agency, production of the St. Lawrence Corporation, Limited, and St. Lawrence Fluorspar, Incorporated, an affiliated company, will •be increased by .approximately 50,000 tons of acid-grade fluorspar per year. The contract extends over a period of four years, or until 150,000 tons of acid-grade concentrates have been produced."

Jan 1, 1954

By R. A. May, P. J. Brooks, W. M. Smith

"Neill and Gunter Limited (NGL) has prepared a preliminary design and a cost estimate for a ferric chloride leach plant to recover copper, lead, zinc, and silver from a typical complex sulphide ore. This plant design is specifically intended to treat unconcentrated ground ore (flotation feed), but can be readily adapted to treat bulk concentrates. Samples of ground ore and bulk concentrate were obtained from Heath Steele Mines, Miramichi, New Brunswick, laboratory testing, and preliminary process flow sheet preparation was carried out by the Research and Productivity Council in Fredericton, New Brunswick. Approximately thirty drawings have been produced, including process and equipment flowsheets, process piping and instrumentation drawings, and preliminary general arrangements. Preliminary capital and operating cost estimates were prepared for a plant that would treat 1000 t/d of crushed and ground ore to produce about 30 000 tpy of zinc. Capital and operating cost estimates were also projected for plants up to 4000 t/d of processed ore. Recoveries of 99% for zinc, 98% for lead, and 96% for copper were achieved in laboratory tests on unconcentrated ore. These recoveries were higher than the overall recoveries obtained from bulk concentrate, yielding approximately 10% more revenue.A 1000 tonne per day plant was determined to have a low return on investment, however, depending on the size and type of mining operations employed and the FCL plant throughput. DCF-ROI projections of 20% to over 30% were calculated for 100% equity financed “green field” mine, mill and FCL plant operations of 2000 t/d and higher"

Jan 1, 1997

By G. B. Harris

It has long been appreciated that chloride chemistry has a number of advantages over the more traditional sulphate route for both extracting and separating metals. Modern materials of construction, coupled with the development of a more cost-effective and efficient hydrochloric acid regeneration technology mean that chloride-based processes are now more competitive and attractive. Such processing routes are able to recover more of the contained metal values in a feed, including iron in a benign and/or marketable form, and particularly the so-called rare and rare-earth elements which are increasing in demand in our electronic age. These factors, therefore, add appreciably both to the overall economics of a project, but also offer a much more sustainable approach to our dwindling natural resources. Additionally, chloride-based flowsheets can be much more environmentally-friendly, offering practical alternatives to two of the biggest headaches faced by the industry, namely cyanide usage and the generation of red muds. This paper presents a brief theoretical background, focusing on the latest developments of ferrous iron oxidation and the low-temperature, selective hydrochloric acid regeneration process, which is the key unit operation for any chloride flowsheet, and discusses in general the advantages of the chloride approach. Several recently-developed flowsheets, which have been tested at the miniplant level, are presented for gold, base metals, titaniferous magnetites and lead-silver ores wherein the advantages of considering a chloride approach are highlighted.

Jan 1, 2014

By Donald V. Currie

"The Alberta and Northwest Chamber of Mines was founded in Edmonton, Alberta in 1935. The organization represented private sector mining explorers and developers in the province and north west Canada. The Chamber aided and abetted the establishment of the two territorial mining associations. Because of corporate human resource department creation by north of sixty mine operators, the Chamber refocused on Alberta and broadened its perspective to include activities beyond mining. In 1977 the name changed to the Alberta Chamber of resources. The slogan (in more modern terms vision, mandate, goal, etc) remains as Orderly Development of Canada's Resources.The sixty-three year reputation of the Chamber, built on volunteer rather than staff contribution, is the principal reason for any success. The key has truly been the reputation, not an image, as all activities have been solution oriented.This presentation provides insight into the structure and methodology applied by the organization, and reviews some of the successes and failures during the period 1985 to present. Examples discussed include:• Canada-Alberta Partnership on Minerals 1992-1995• Regional Upgrader Business Plan• National Oil Sands Task Force• Lakeland and Waterways Railway"

Jan 1, 1998

By F. McCarthy, R. McDonald, G. Woodbridge, G. Brock, D. Robinson

"The Direct Nickel process is a hydrometallurgical technology being developed to treat nickel laterite ores by leaching at atmospheric pressure. The leaching process uses nitric acid in a relatively large excess, is thus non-selective, and much of the soluble iron goes into solution. The first stage of solution purification is iron hydrolysis and the Direct Nickel process utilises the colligative properties of the pregnant leach solution (PLS) to enable the removal nitric acid of varying concentrations via distillation. Once sufficient acid has been removed, the boiling point of the solution is increased allowing high temperatures (up to ~170°C) to be achieved under atmospheric pressure. The higher temperatures initiate the precipitation of the iron primarily as hematite and allow the removal of the acid generated by the hydrolysis reaction. The rejection of the iron is near complete with solution tenors typically falling from 65 g/L Fe, or more, to less than 50 mg/L Fe. The separation of clean nitric acid from the PLS at this stage allows for relatively simple acid recycling. A hematite product with iron content above 60% could also provide an extra revenue stream.INTRODUCTION The Direct Nickel (DNi) Process is a novel hydrometallurgical processing route designed to treat all types of nickel laterite ores in a single flow sheet using nitric acid under atmospheric conditions. A simplified flow sheet is shown in Figure 1.Between 2007 and 2012 the process was developed and refined at Direct Nickel’s laboratory within the CSIRO Minerals’ facilities in Perth, Australia, and in 2013 a series of pilot plant trials were run under continuous operating conditions. The process is designed to treat both limonite and saprolite in the same flow sheet, and after comminution, the blended ore is mixed with nitric acid and leached just below boiling point in agitated atmospheric leach tanks. The acid is added in excess, so typically for a blend of limonite and saprolite the acid addition can be in the order of 1.8-2.0 t acid/t dry ore. After a residence time of between 4-6 hours the majority of the soluble metals have leached into solution and the insoluble leach residue is separated from the pregnant leach solution (PLS) via counter-current decantation."

Jan 1, 2016

By J. Parreira

This paper presents a deterministic/stochastic model that was created to compare an autonomous haulage truck system to a manual one by calculating and estimating benchmarked Key Performance Indicators (KPIs) such as productivity, safety, breakdown frequencies, maintenance costs, labour costs, fuel consumption, tire wear, and haulage cycle times.

Aug 1, 2013

By Paul R. Terry

This paper presents a brief picture of the quality of coal produced in Eastern Canada for use in thermal generating stations. It describes, in particular, the characteristics of coals burned in six power plants -two in New Brunswick and four in Nova Scotia. Each station is dis-cussed in turn, and comments are made on the coals used therein with regards to origin and physical and chemical properties affecting station operation. A table of coal data shows, at a glance, the wide variation in the quality of coals received by these stations from producers in New Brunswick and Nova Scotia. "The promotion of improved coal quality for thermal generation can benefit our national economy." T HIS is the opening statement in a paper which was presented by Mr. D. A. Pirttinen at the Coal Division's Toronto meeting in April, 1960. In bringing the power engineer's viewpoint to the coal producers' attention, Mr. Pirttinen made a survey of utility steam plants operating in Canada, and the results of this survey formed the basis for his paper, which he titled: "Generating Station Coal Quality.

Jan 1, 1965

By L. Frost

"Since the late 1990s, increased prevalence of severe lung disease among US coal miners has been observed, particularly in central Appalachia where thin-seam mining is prevalent. While respirable silica exposures have been implicated in many cases, the available dust monitoring data from mines shows no explanatory trends. One possible factor could be differences in the relative toxicity of silica particles based on their surface condition. Previous research has indicated that particles with occluded surfaces (e.g., by a thin layer of clay) may be less toxic than those with non-occluded surfaces. However, this dust characteristic has not been investigated before now in central Appalachian mines. In the present study, 18 respirable dust samples from seven central Appalachian mines and two northern Appalachian mines were analyzed to assess the relative occurrence of surface-occluded silica. Results showed that the dust from central Appalachian mines actually had higher fractions of occluded silica, which may be due to extraction of large amounts of rock strata along with the coal. However, the central Appalachian mines also more silica particles overall (i.e., occluded + non-occluded) in terms of total number percentage of respirable particles.INTRODUCTIONResurgence of occupational lung disease among US coal miners, especially in the central Appalachian region, has been observed since the late 1990’s (Gibson, 2016; Zosky et al., 2016; Suarthana et al., 2011; Gamble et al., 2011; Antao et al., 2005; Attfield & Sexias, 1995). In addition to increased prevalence of simple Coal Workers’ Pneumoconiosis (CWP, or “black lung”), the prevalence of severe and rapidly progressive disease has risen dramatically (Almberg et al., 2018; Blackley et al., 2018a, 2018b, 2016, 2014; Graber et al., 2017; Cohen et al., 2016). While exposures to respirable silica have long been known to cause or play a role in diseases such as silicosis or progressive massive fibrosis (PMF), which is conventionally considered as the most advanced form of CWP, it is unclear whether silica is the only culprit in the recent outbreak of severe disease. Indeed, as disease rates have risen, both total respirable dust and silica concentrations generally appear to have declined since the late 1980s, based on regulatory monitoring data in the most affected mining districts (i.e., MSHA coal Districts 4, 5 and 12, which cover central WV, eastern KY and southwestern VA, and southern WV, respectively) (Figure 1). Of course, the latency of disease can vary and may be or more 10 years, but many of the most recent cases are likely to have resulted from exposures that occurred since the late 1980s."

Jan 1, 2019

By F. Qi, T. Frišcic, C. Mottillo

"One of the principal goals of modern industry is to minimize the environmental impact and increase the materials- and energy-efficiency of transforming raw materials into valuable products. This paper will highlight our latest laboratory-scale research in low-energy, low-solvent reactivity of metal oxides and their conversion into popular metal-organic frameworks (MOFs), zeolitic imidazolate frameworks (e.g. Basolite® Z1200 component ZIF-8), and metallodrugs (e.g. bismuth subsalicylate, active component of Pepto-Bismol®). Mechanochemical ion- and liquid-assisted grinding (ILAG) and ""accelerated aging"" techniques will be presented, along with novel low-energy and solvent-free approaches, inspired by geological weathering processes, for converting metal oxides into metal-organic materials. INTRODUCTIONThe development of environmentally-friendly processes, which would in the same time be more materials- and energy-efficient than the existing ones, is one of the central concerns of modern chemical research. In that sense, the focus of the chemist has been mainly on the preparation of carbon-based organic molecules and adaptation of traditional organic synthesis to the recently delineated ideals of Green Chemistry. However, there is a growing realization within the chemistry community that significant energy, materials, and ecology-related benefits can be achieved and, indeed, targeted in the transformations of materials that are typically associated with inorganic chemistry and minerals processing. The principal aim of this highlight contribution is to illustrate how, through the use of approaches associated with solventfree chemistry and mechanochemistry (James et al., 2012), one can develop a clean and efficient system of chemical and materials transformations involving oxide precursors that normally belong to the realm of inorganic chemistry and mineral processing. In particular, this contribution will provide an overview of the recently developed mechanochemical and solvent-free reactivity of metal oxides towards small organic molecules. These mechanochemical reactions, including the methods of liquid-assisted grinding (LAG, Frišcic & Jones, 2009) and ion- and liquid-assisted grinding (ILAG, Frišcic, 2010), have so far provided a radically different means to construct advanced metal-organic materials (e.g. porous metal-organic frameworks, [MOFs] or metallodrugs) by rehabilitating metal oxides as precursors, eliminating the use of bulk organic solvents, and avoiding the use of high temperatures."

Jan 1, 2012

By Thomas. L. O.

Apart from a few sketches and incomplete maps, mainly topographical, and one or two detailed maps of placer-creeks, there is little information on the topography and geology of most of the country adjacent to the sections of the Alaska Highway in the Liard River area, particularly that part east of Kechika river. In 1943, the Geological Survey of Canada made a recon-naissance from Fort Nelson clown the river of that name to the Liard, thence up the latter to Hell Gate, and also up Beaver river for a distance of fifty miles. The whole of the area covered was found to be underlain by sedimentary rocks, not a single igneous dyke being seen. The British Columbia Department of Mines began reconnaissances near the highway both in and north of the drainage basin of Prophet and Muskwa rivers with a view to finding structures favourable for the accumulation of oil. In Liard River valley near the mouth of Smith river and at intervals from there clown to Devil' s Portage occur warm springs whose character and origin are not definitely' known, since they have not been investigated (21, p. 38A). Similar springs are said to occur at several localities over a broad belt extending from Muskwa river across the Liard to the Nahanni River country (26, p. 11). On Liard river below the mouth of Dease river, stratified sands, gravels, and clays of Pleistocene (?) age are constantly met with and in one or two places are underlain by sandy clays. The distribution of the latter, however, is very limited in the section cut by the river west of the Rocky mountains. The only range of these mountains that reaches the Liard is the high limestone ridge which approaches the mouth of Vents river from the southeast and then almost vanishes a few miles to the northwest of it (27, pp. 43-45). In general, the ranges of the Rockies in the area under consideration have been but little explored, but they are undoubtedly very largely sedimentary and, with the exception of some volcanics and intrusives on their western flanks, are probably almost entirely so. Unlike the high, deeply incised ranges in southern British Columbia, they dwindle in elevation north of Terminus mountain to low-wooded ridges separated by wide swampy valleys, and practically lose their identity between it and the Liard. The foothills, which, along the Liard, have a width of 38 miles (from near the mouth of Trout river to Hell Gate) are composed of a great series of alternating shales and sandstones, with some limestones, all folded closely together, which resemble those found in the foothills farther south (27, pp. 50, 19-20).

Jan 1, 1944

By G. J. Heferen, A. Pranowo, N. J. Aslin, P. O. Eriksson

Glencore Technology (GT) has over four decades experience supplying stainless steel cathode plates (“cathode plates”) to the electro-refining and electro-winning industry. Cathode plates are typically the single biggest capital investment in a refinery. Refineries may view cathode plates as fixed asset or consumables depending on their operational characteristics. This paper examines the issue of cathode plate life and the strategies and philosophies used by different plants in the management of their cathode plate asset. Some plants operate with their original plates after more than 20 years. Others accept high turnover and regular maintenance as normal operating practice. Reference data are provided on plate life for various operating plants including benchmark plants achieving best-practice plate life and operating cost. The role of the electrode handling equipment on cathode plate longevity is also examined, including latest developments in Cathode Stripping Machine, robotic copper stripping, and full-automation production cranes. The ability to identify and manage the population of plates in service is also critical for maximising plate life and minimising its overall operating cost. This paper discusses a novel and unique RFID system for tracking and managing cathode plate inventory. INTRODUCTION Permanent cathode plates The adoption of permanent stainless steel cathode electrodes in the electro-refining of copper was the most significant process development since the first commercial electro-refineries were built in the late 19th century. It provided significant improvement over the labour intensive and complicated starter sheet system. Copper grows over the permanent cathode blade for a number of days before being stripped, and the permanent cathode can be returned straight back to cells for the next cathode cycle. Glencore Technology (formerly Mount Isa Mines (MIM), then Xstrata Technology) has been manufacturing permanent stainless steel cathode plates from the late 1970s with the birth of ISA PROCESS™, and the Kidd process that came one decade later. Invented and commercialised by Mount Isa Mines, the ISA PROCESS™ was first implemented into Copper Refineries Limited (CRL), Townsville, in 1978. The KIDD PROCESS by Falconbridge evolved in the 1980s and was first implemented into the Kidd Creek Tankhouse, both operations converting from traditional copper starter sheets.

Jan 1, 2019

By Syamujulu. M

Subsequent to the unbundling of the Zambia Consolidated Copper Mines (ZCCM) and the privatization of its constituent parts, the Konkola Copper Mines (KCM) represents a third of the original conglomerate. Now run by private hands as a sub group of Vedanta Resources Plc of India, KCM is strategizing on how best to deal with the operational issues of the organisation to resolve some of the difficult, logistical, environmental, mineralogical and metallurgical problems being encountered to tum them into opportunities as the company turns around. This paper reviews the options being put in place to provide appropriate solutions and strategies including the treatment of the highly siliceous low energy copper belt concentrates in its mining operations in Zambia.

Jan 1, 2007

By D. D. Bell

This paper presents the history of uranium procurement and demand, and takes a look at future requirements. The three basic conclusions drawn are: (1) the productive capacity of former and existing producers whose operations may be profitably reactivated is insufficient to meet demand projected beyond 1975; (2) reserves in the $5 -$10 price range do not provide the flexibility to sustain production at the high rates required in the late 1970's; and (3) only higher prices can overcome these deficiencies, as this would provide sufficient inducement for the industry to explore for and develop new reserves and productive capacity.

Jan 1, 1967