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By D. K. Bose, R. H. Rakhasia, V. D. Shah, J. C. Sehra

A series of experiments was conducted to determine the effects of roasting temperature, soaking period and quantity of soda ash added. At a laboratory scale, under optimum conditions of roasting at 873 K for 2 700 s with soda ash 10 wt% in excess of stoichiometric, molybdenum recovery was 99%. The investigations indicate the technical feasibility of producing high-purity MoO3 by combining the roasting process with carbon adsorption/desorption. The process uses low-cost chemicals, can be scaled up readily and is free of the SO2 pollution generated by conventional roasting, as the sulphur content of the concentrate is converted to sodium sulphate

Jun 18, 1905

By Y. Ichihara, H. Matsumoto, K. Itakura, H. Eguchi, G. Deguchi, K. Sato

Mechanical data from a rockbolt drilling machine, such as torque, thrust, revolution and stroke, are useful for understanding the geological and geomechanical conditions around roadways and hence selecting the optimum bolt type and density. Laboratory experiments showed that the level of torque or thrust reflects differences in rock type, with separation of strata and cracks appearing as a specific pattern. Algorithms of neural networks based on adaptive resonance theory and back-propagation were used to extract the pattern and estimate the location of discontinuities. For field testing in an underground coal mine, a prototype data acquisition system was attached to a portable drilling machine. Several sets of logging data from one locality were combined to construct a two-dimensional model of the strata, from which the slope angles of discontinuity faces could be estimated

Jun 19, 1905

By R. Kanniganti

The primary problems of pillar design in seams subject to interaction are due not only to difficulties in predicting loading, but also to the often unsymmetrical nature of the stress fields. The effects of uneven stress fields on failure patterns within a pillar were studied wing a two dimensional finite element method. Lower seams, including ultra- close mining situations were evaluated considering conventional pillars. Pillar case study data for under mining were analyzed to determine if empirical trends in stable pillar sizing could be derived. Recommendations for multi-seam pillar design are made, based on anticipated loading conditions within a pressure bulb. Applications of the research results are demonstrated using case studies

Jan 1, 1995

By Theresa M. Bodus

The strength of roof shales is, in part, a function of the preferred orientation of clay minerals within them. Therefore, analysis of clay fabric under both air-dried and hydrated conditions should be helpful in understanding roof shale failure. Core samples were collected from the Energy, Anna, and Lawson shales, which are locally present as roof shales of the Herrin No. 6 coal of southern Illinois. The Clay Fabric Index (CFI) was measured for thirty core samples, using X-ray diffractomtry, to investigate the relationship between clay fabric and roof collapse in coal mines. Greater CFI values indicate a weaker preferred orientation among clay minerals, which generally results in a weaker inter-grain bond. Average CFI values for air-dried samples were: 0.15 for Anna shale; 0.20 for Energy shale; and 0.37 for Lawson shale, .After the introduction of water, average CFI values increased to: 0.28 for Anna shale; 0.22 for Energy shale; and 0.43 for Lawson shale. The laboratory results indicate the following: [l] under air-dried conditions, Anna shale is the most stable, followed by Energy and Lawson shales; and 121 under hydrous (mine) conditions, Energy shale is the most stable, followed by Anna and Lawson shales. In mine environments where roof failures involving Energy shale have occurred, planar trends delineated by a relatively high density of small (0.2-4 cm diameter) iron concretions have been reported along the failure surface. Radial cracks have been observed around unsealed anchor bolt holes in the Anna shale. Instability of the Lawson shale is ubiquitous in coal mines. In the laboratory, similar physical changes were noted in the shale samples after the introduction of water, including [l] increased hydration around the perimeter of iron concretions in Energy shale, [2] radial extension cracks in Anna shale, and 131 extreme slaking of Lawson shale. Measured increases in the CFI reflect the observed physical changes of the samples upon the introduction of water, which probably reflect changes in strength that may result in roof failures in hydrated mine environments.

Jan 1, 1989

The Australian Coal Combustion Testing and Research Facility has been operating commercially for one year and during that period coal product evaluations have been conducted on behalf of four coal companies and one electricity commission. The facility is equipped to assess the behaviour of steaming coal in milling, combustion (including flame stability, burnout and heat transfer), ash deposition and erosion, fly ash collection and gaseous emissions. The relevance of the results of the pilot testing to industrial practice was demonstrated during the calibration of the facility using four coals burnt in Australian power stations. The calibration coals were from the Tarong and Gladstone Power Stations in Queensland, tluja Power Station in Western Australia and Bayswater Power Station in New South Wales. Also an opportunity arose to visit an overseas power station to observe a full scale test burn using one of the early coals tested on a commercial basis in the combustion test facility. The calibration trials showed excellent agreement with industrial coal performance in t:orms of flame stability, turndown, carbon burnout and gaseous emissions. Encouraging correlations were also found in the case of furnace radiation, boiler deposits (slagging and fouling) and electrostatic precipitation. In the case of the last group the only real reservations about the correlations are due to the non-availability or qualitative nature of results collected around the power stations. In all cases there is a high degree of confidence in the facility's ability to predict the relative performance of different coals and in some cases direct numerical predictions can be Made.

Jan 1, 1987

Jan 1, 1964

By E Ah Mu and C R Lilley, A D. Campbell

Cave propagation is a complex process due to interacting variables such as mine geometry, rock mass heterogeneity and complex structural networks and stress fields. The Ernest Henry sublevel cave (SLC) is directly below an open pit, which provided an opportunity to observe and measure rock mass failure as the cave initiated and propagated through the pit wall. This paper describes interaction between the open pit and SLC as well as rock mass failure mechanisms observed from the start of the SLC to surface breakthrough.Cave propagation and slope failure mechanisms were found to be governed by intermediate structures, while the cave shape was largely controlled by cave-scale faults. The open pit, production-level geometry and production draw strategy were also important factors for cave and subsidence growth. Cave propagation was episodic and asymmetric in shape due to the orientation and relative position of geological structures, combined with the effects of the increasing SLC geometry and drawdown from the underlying production levels. The precursors and failure mechanism of a 2.5 Mt wall collapse are also reviewed in detail.Cave growth was simulated using a 3D, non-linear, discontinuum finite element model coupled with Newtonian Cellular Automata. Model results are compared to field observations and monitoring data to determine the accuracy of forecasts and compared models versus actual rock mass response during cave propagation.CITATION:Campbell, A D, Ah Mu, E and Lilley, C R, 2016. Cave propagation and open pit interaction at the Ernest Henry Mine, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 311–318 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

This Bureau of Mines publication presents an overview of mine electrical power systems research currently being conducted by the Bureau. The papers, given at a Technology Transfer Seminar, emphasize the increasing importance of research related to the safety considerations of underground coal mine electrical systems. Selected topics are included that summarize results of research in the areas of electrical shock prevention, explosion-proof enclosures and load centers, discriminating circuit breakers, and trailing cables. Other topics discussed at the seminar are published as separate sections of the Bureau of Mines Hand- book "Application Notes--Mine Electrical Power Systems."

Jan 1, 1982

By U. Gorkhan Akkaya, N. Enver

Geographic information system (GIS) is one of the most accurate and useful tools to help decision – making for decision-makers. As to expert systems, it provides solutions to the problems faced by mimicking reasoning of the human experts. Blasting operations in mining include high risks for the vicinity of the operations. GIS having required mechanisms to take right decisions for the people who have to make right and precise decisions, while it is utilized as a integrated system with expert reasoning, is thought to be considered important tool that provides to take decisions with ease, and also to reduce the risks in the blasting operations. It is possible to find out both of the economic and optimum solutions to solve the various encountered problems in the mining activities such as blasting operations, only when GIS integrated expert systems is used. Managing the spatial data unified with expert reasoning is the one of the greatest advantages of the system. In the scope of the study, various scientific studies were investigated. The benefits of the system were figured out and the phases of a unified system were proposed in the blasting operations.

Jan 1, 2013

By R. B. Booth, W. F. Linke

The continuous interest of the American Cyanamid Company in producing superior polymeric flocculants and dispersants for the mining industry has resulted in a broad, general study of the physical chemistry of mineral-polymer systems. The aim of this program has been to establish a sound theoretical basis on which practical problems could be analyzed, and which would lead to the development of new and improved flocculating and dispersing agents. This study has required the cooperative effort of physical, analytical, and polymer chemists, as well as engineers familiar with mining problems. This report summarizes the results of some of our investigations over the past two years. Further studies along these and other lines are in progress and will be reported in the near future. MEASURING FLOCCULATION IN THE LABORATORY The foremost problem in studying flocculation in the laboratory has been to establish reproducible methods of comparing and evaluating the effectiveness of various reagents. Previous workers have measured settling -rates 1,8 filtration rates2 , and sediment volumes3 . Direct observations of the floc size, or the clarity of the supernatant liquid, can also be used. AIthough these parameters are all interrelated, they do not always measure the same physical properties of the suspensions, and hence are not equally useful or reliable. Whatever the method of comparison selected. the testing procedure must be carefully defined and standardized. The results must be satisfactorily reproducible, and for practical purposes must accurately reflect the results obtained in mill use. In order to compare the data obtained in these various types of test, the physical nature of the flocculated system must be examined in some detail. In an unflocculated system, only the larger or denser particles (the "sands") settle at a useful rate. The sediment can be observed to build up from the bottom of the cylinder, while the fines remain in suspension for a long period of time. If the system is not disturbed, even the microscopic fines can be seen to classify themselves as they fall over a period of days. When a high molecular weight polymer is added to the system, the colloidal particles are tied together randomly in flocs, and the sands and fines settle together. The line of demarkation between solid and liquid phases moves downward from the top of the cylinder. The settling rate of the flocs depends on their size and on their effective density. For a given mineral sample, the larger the flocs, the faster the settling. Since the large flocs cannot pack as closely as small ones, they produce a sediment with more pore spaces, and hence of larger volume, which is easier to pump and to agitate. Although it is nearly impossible to measure individual floc sizes, it is relatively easy to determine settling rates and sediment volumes. Of these two, the settling rate is simpIer to measure, and hence generally more practical. Reproducible sediment volumes can only be obtained by allowing the solids to pack for a rather long period of time (e.g., hours to days), and although the volumes thus observed are directly related to the degree of flocculation (average floc size), it is often impractical to wait so long for the results.

Jan 1, 1961

The largest investment in mining equipment in Caterpillar?s history ? The F series mechanical and electrical drive trucks ? is rapidly advancing. Caterpillar showcased the 793F and 797F mechanical drive trucks and the 795F ac electric drive truck at MinExpo in 2008 and have continued testing since then. The 793F and the 797F have accumulated more than 75,000 hours of field testing and have proven their performance capabilities and their durability. The new Cat C175 engine that powers them has racked up 130,000 hours of field testing in mining trucks and more than 120,000 hours in power systems. Because of the success of these field-follow programs, the 793F is targeted to go into full production within a few months and the 797F late this year. Caterpillar engineers have been testing two 795F ac prototypes at the Tucson Proving Grounds in Arizona. The development program has provided input for the construction of a new 795F ac in Decatur, IL. The new truck recently shipped to a copper mine in North America where it will serve as the first field-follow 795F ac as it works at the mine. The 313-t- (345-st-) capacity 795F ac will enter a new size class for Caterpillar, and, as a result, the primary focus of the Caterpillar ac electric program has been on the 795F ac. The commercial launch date will be defined as the field-follow program progresses. ?It?s fitting that soon after producing the 50,000th Cat off-highway truck, we are now shipping our first ultra-class ac electric drive truck to a mine,? said Chris Curfman, president of Caterpillar Global Mining. ?Our new trucks further solidify our position as the one manufacturer to provide unparalleled options and unmatched customer support.?

Jan 1, 2009

By William C. Cooley

SUMMARY A review is presented of the state of development of high pressure water jet equipment and of large impact hammers for rock tunneling. Information from the U.S.S.R. is based on published literature and three personal visits. Applicable papers which were presented at the International Symposium on Jet Cutting Technology in Coventry, England in April 1972 are reviewed. Data are presented on continuous jet systems, pulsed water cannons, and hydraulic-powered impact hammers with respect to the specific energy of rock breakage and potential application in tunneling machines. INTRODUCTION It has been estimated that the cost of underground excavation during the period 1970-1979 in 15 countries of the Organization for Economic Cooperation and Development will be over $54 billion, an increase of 104% over the period 1960-1969. It is expected that 55% of the tunneling construction will occur in hard rock (Ref. 1). Present tunneling machines are generally limited to soft and medium-hard rock. When used in hard rock, the cost of replacing mechanical cutter bits is high. Therefore there is a need for improved rock fracture methods which can be applied economically in tunneling machines for hard rock. Water jets and mechanical hammers are two

Jan 1, 1997

By Kevin Connor

There was little change during 1988 in the production of minerals in Burundi. The Government of Burundi, which banned all commercial mining operations in the country in 1979, lifted the ban on mining of alluvial gold deposits and started a program of small-scale artisan gold mining in October. Along with the legal mining of gold, licensed gold trading counters were established. Other mineral commodities produced were kaolin clay, lime, and peat. In compliance with the Government ban, the only mineral wealth exploited for commercial sale and export was alluvial gold. Through financial assistance from the International Bank for Reconstruction and Development (World Bank) and the United Nations Development Program (UNDP), a study to inventory the country's mineral resources continued throughout the year. As part of this study, during the year, a West German company undertook a drilling program to further outline the nickel reserves of the Musongati area in central Burundi. Results of the work as of yearend were disappointing, with only 12 million tons of ore identified with better than 2% nickel content proven. Investigations also continued during the year regarding the centrally located deposits of vanadium-bearing titaniferous magnetite. A Norwegian company contracted to prepare a prefeasibility study for developing the deposit. The British Sulphur Corp. Ltd. was nearing completion of its $1.2 million2 study of the phosphatic limestone deposit at Matongo-Bandaga at yearend. Ore reserves of about 17 million tons grading 11% phosphorus pentoxide (P2O3) had been identified. The phosphate zone overlies a carbonatite rock, which could provide the basis for a cement industry. Additional drilling was planned for 1984. Exploration for gold was underway in 19S3 in northern Burundi through UNDP funding. Several primary deposits of shallow semimassive sulfides with gold values ranging from traces to 11 grams per ton had been discovered. With assistance from the Federal Republic of Germany, bastnasite reserves of 5,400 tons, with associated high europium oxide and cerium content, were verified, and the prospects for finding

Jan 1, 1985

A symposium on pneumatic transportation of solids was held at Morgantown, W. Va., October 19-20, 196'), under the cosponsorship of the Institute ref Gas Technology. Chicago, Ill., and the Bureau of Mines. Objective of the symposium was to present information on developments and projected programs in the technology of feeding, transporting, recompressing, and utilizing gas-solids mixtures Dr. Henry R. Linden, Director, Institute of Gas Technology and Harry Perry, Director of Coal Research, Bureau of Mines, in the initial addresses at the symposium welcomed more than 140 representatives of industry, educational institutions, and government from 16 states, Canada, Great Britain, etc.

Jan 1, 1966

A symposium on pneumatic transportation of solids was held at Morgantown, W. Va., October 19-20, 1965, under the cosponsorship of the Institute ref Gas Technology. Chicago, Ill., and the Bureau of Mines. Objective of the symposium was to present information on developments and projected programs in the technology of feeding, transporting, recompressing, and utilizing gas-solids mixtures. Dr. Henry R. Linden, Director, Institute of Gas Technology, and Harry Perry, Director of Coal Research, Bureau of Mines, in the initial addresses at the symposium welcomed more than 140 representatives of industry, educational institutions, and government from 16 states, Canada, Great Britain, etc.

Jan 1, 1966

By G. J. van Tonder

The use of Molecular Recognition Technology (MRT), a highly selective separation technology using specifically designed ligands (such as macrocycles), has been demonstrated to be an effective treatment process for removal of several ions that are commonly found in many hydrometallurgical circuits as well as in environ-mental treatment operations. Ions removed by MRT include base, heavy and transition metals, precious metals, halides, and alkali/alkaline earths. A MRT pilot plant run was conducted at Zincor to demonstrate the cobalt/nickel purification of zinc electrolyte, and to recover saleable pure cobalt/nickel sulphate solution. The MRT process holds various advantages, which include the elimination of a catalyst such as arsenic trioxide, conventionally used in cobalt and nickel cementation. SuperLig® 138 can be used to remove cobalt and nickel from120?170 g/l Zn-solutions at pH 1?2. The Zincor MRT application demonstrated its capability of concentrating large volumes o copper barren impure solution at low cobalt and nickel concentration levels in the feed, to small solution volumes at high cobalt and nickel concentrations. Around 99.5% of the cobalt was removed from solution with cobalt impurity levels in feed varying between 10 mg/l and 26 mg/l.

Jan 1, 2002

By R. J. Schafer-Frentz, T. G. Joseph, M. Curley

"Greenhouse gas emissions—specifically of carbon dioxide—are a concern in Canada, where industrial sectors such as mining are stringently regulated for carbon release. Cumulative emissions are positively related to fuel consumption, which is controlled by several factors. This study investigates one of these factors: the product of vehicle speed and running surface total resistance (TR; sum of rolling resistance and grade resistance). Results show that TR directly affects fuel consumption and emissions—a relationship that is mathematically predictable. Fuel consumption and emissions, which are principally associated with the durability or deterioration of wearing course materials, were analyzed to aid selection of road construction capping material of low rolling resistance. In the oil sands region in the province of Alberta, ground conditions change seasonally. Therefore, the annual fuel consumption for the same wearing course material was also compared. Results demonstrated that haul truck size was a contributing factor, but vehicle speed and TR more strongly influenced fuel consumption and emissions. ¦ KEYWORDS Carbon dioxide, Emissions, Fuel consumption, Grade resistance (GR), Greenhouse gas (GHG), Haul truck, Rolling resistance (RR), Total resistance (TR) RÉSUMÉ Les émissions de gaz à effet de serre (GES), et particulièrement celles de dioxyde de carbone, sont un problème au Canada, où les secteurs industriels tels que l’exploitation minière sont rigoureusement réglementés pour leurs émissions de carbone. Les émissions cumulées sont indéniablement en lien avec la consommation de carburant, qui est contrôlée par plusieurs facteurs. Cette étude examine l’un de ces facteurs, à savoir le produit de la vitesse du véhicule et de la résistance totale de la surface de roulement (la résistance totale, ou RT, est la somme de la résistance au roulement et de la résistance due aux rampes). Les résultats montrent que la RT affecte directement la consommation de carburant et les émissions, un lien qui est mathématiquement prévisible. La consommation de carburant et les émissions, qui sont principalement associées à la durabilité ou la détérioration des matériaux composant la couche d’usure, ont été analysées afin de contribuer à la sélection de matériau de recouvrement pour la construction de routes ayant une faible résistance au roulement. Dans la région des sables bitumineux de l’Alberta, les conditions au niveau du sol changent à chaque saison. Ainsi, la consommation annuelle de carburant pour le même matériau composant la couche d’usure a aussi été comparée. Les résultats ont montré que, si la taille des camions de transport est un facteur déterminant, la vitesse des véhicules et la RT influencent davantage la consommation de carburant et les émissions. ¦ MOTS CLÉS camion de transport, consommation de carburant, dioxyde de carbone, émissions, gaz à effet de serre (GES), résistance au roulement, résistance due aux rampes, résistante totale (RT)INTRODUCTION In Canada and around the world, global climate change has become a topic of great concern and discussion. Pres-sure on world leaders to quickly reduce their carbon footprint is prevalent, prompting new standards and regulations in various industries, including mining and oil and gas. In 2017, the Government of Alberta implemented a carbon tax. The majority of mining activities in this province are truck-shovel operations, where a large fleet of ultra-class trucks is loaded by shovels. Ultra-class haul trucks, classified as those with a capacity of 218–363 tonnes (t), emit high levels of carbon as they travel to processing entry points and waste dumps as designated by the mine plan and mine dispatcher. Mined ore and waste is typically moved over two 12-hour shifts per day throughout the year."

Jan 1, 2019

By J Williamson, M Griessmann

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Watershed tungsten deposit is located in the Hodgkinson Province of north Queensland, Australia. The deposit is hosted by Siluro-Devonian flysch-type meta-sediments of the Hodgkinson Formation, which were subjected to four major deformation events. Mineralisation has occurred syn- to post-D4 and is related to the intrusion of S-type granitoids of the Permian Whypalla Supersuite.Watershed is located within a regional NW–SE-striking melange zone composed of brecciated and intermixed arenites and shales. The major NW–SE-striking Tullah fault zone is situated in close proximity to the east of the deposit.The Watershed deposit occurs within a tightly folded upright anticline with NW-plunging fold axis. The anticline contains a major package of coarse-grained to conglomeratic arenite, which harbours the Watershed mineralisation. Several alteration styles occur within the arenites, of which Fe-poor calc-silicate alteration dominated by clinozoisite/epidote is the most significant. Less widespread but locally important alteration styles comprise garnet-dominated calc-silicate alteration, albitisation and sericitisation. The arenites are enveloped by unmineralised carbonaceous shales and shale breccias.Tungsten mineralisation occurs solely as molybdenum-poor scheelite and can be found as three styles: disseminated mineralisation in calc-silicate altered arenites, vein-style mineralisation with quartz-albite-scheelite veins and minor but high-grade mineralisation in albitised felsic dykes.Contact metamorphic rocks and geophysical data indicate the proximity of an underlying granitic body. It is believed that this granitic body was the main driver of the hydrothermal system generating the Watershed deposit. An early mineralisation stage caused the selective calc-silicate alteration of the arenites, while a second stage caused the vein-style high-grade mineralisation. The folded shales enveloping the arenites worked as an effective barrier that kept the mineralising fluids in a confined rock volume.The scheelite mineralisation at Watershed is open to depth, with a granite-hosted porphyry or greisen-style mineralisation anticipated below the current resource.CITATION:Griessmann, M and Williamson, J, 2015. The calc-silicate-hosted Watershed tungsten deposit, far north Queensland, Australia , in Proceedings PACRIM 2015 Congress, pp 545–550 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By H. Krogerus, P. Niemelä, P. Oikarinen

High carbon ferrochromium is produced by carbon reduction. No replacement for carbon as reductant has yet been developed. The reduction creates a considerable amount of CO-gas. In open and semi-closed furnaces the gas is burned when leaving the burden. In closed furnaces the formed gas is sucked out by a fan, washed and utilised as fuel. The formation of carbon monoxide is presented briefly starting from thermodynamic considerations up to solid and liquid state reduction. The volume, composition and energy content of the furnace gas are discussed, focusing on the raw materials and pre-treatment processes of the furnace feed as well as on the process equipment and control. Outokumpu has been using closed and sealed furnaces and utilising the CO-gas in its Tornio Ferrochrome Works since 1968. Today in Tornio with an annual ferrochromium production of 260 000 t CO-gas production is 186 million m3, representing 68 MWh an hour. At the same time the furnace power input is 95MW. About 98 % of the CO-gas is utilised, whereof 30% in the ferrochrome production itself. This paper focuses on the characteristics and utilisation of CO-gas. CO-gas is secondary energy, which on one hand saves primary electric and fossil fuel energy in ferrochromium production and, on the other, replaces other fossil fuels at the adjacent steel works. The characteristics of the fuel, requirements for utilisation as well as health and safety aspects are discussed. Utilisation of the gas has a high impact on the total dust and gaseous emissions and on the energy optimisation at the ferrochromium and steel works.

Jan 1, 2004

By Arcy, D&apos Banister

The productive potential of the Nation's principal active and inactive silver mining districts has been evaluated, using 1964 economic conditions and assumed silver prices ranging up to $3 per ounce. On this basis, the United States has an estimated 5 billion ounces of unmined silver, excluding minor byproduct silver in gold deposits. Approximately 3.5 billion ounces are contained in deposits requiring higher silver prices to be economically minable, and about 1.3 billion ounces are in currently operating mines. An analysis of silver consumption trends since 1954 indicates that the free world industrial market will climb to nearly 800 million ounces annually by 1985. U.S. industrial silver consumption has been projected to increase at an annual rate of 4 percent from 1965 to 1985. Average annual increase for the remainder of the free world has been 8.1 percent since 1953; this is expected to level off with an estimated average increase of 5 percent to 1975 and 4 percent from 1976 to 1985. Foreign silver production has, in the past, exceeded consumption, but in 1960 the supply deficit was over 100 million ounces. U.S. production, also traditionally exceeding demand, was suddenly overtaken at the start of World War II. By 1964 the annual deficit, excluding coinage, was over 84 million ounces. World coinage requirements of silver are fast declining and expected to total only 25 million ounces annually by 1985. In fact, coins are already becoming major short-term source of silver to fill the large deficit between industrial demand and current production. The larger, long-term deficit (to 1985, the limit of this study) must be balanced by silver from the hoards and new production from silver deposits. Eventually all of the deficit must be met by new production or silver prices will rise until consumption is greatly curtailed. To balance free world supply and demand, it is estimated that the free world must produce an additional 85 million ounces by 1975 and 375 million ounces by 1985. The estimated proportion expected from U.S. deposits is 17 million ounces by 1975 and 74 million ounces by 1985.

Jan 1, 1969