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Organization Place Date 1918 Institute of Metals Division, A. I. M. E Milwaukee, Wis. Oct. 8-11 Iron and Steel Members, A. I. M. E Milwaukee, Wis. Oct. 8-10 American Foundrymen's Association Milwaukee, Wis. Oct. 7-12 American Museum of Safety and Sanitation, Exposi- tion St. Louis, Mo. Oct. -7-12 National Safety Council St. Louis, Mo. Oct. 14-17 Business Show : New York, N. Y. Oct. 21-26 National Society of Naval Architects New. York, N. Y. Nov. 14-15 American Society of Mechanical Engineers New York, N. Y. Dec. 3-6 Geological Society of America Boston, Mass. Dec. 25-31 American Association for the Advancement of Science Boston, Mass. Dec. 27-Jan. 2. 1919

Jan 10, 1918

"A long-term mine production schedule optimization based on stochastic integer programming is presented that manages the risk due to geological variability and uncertainty while jointly considering mine profitability, truck fleet requirements and waste management. The evolution of the pit is controlled so that space within the mined-out pit is continuously provided to allow for tailings and waste rock to be replaced, thus minimizing the project’s environmental footprint. The method is applied at a taconite iron ore deposit and has a project net present value that is 16.9 percent higher than that of a conventional schedule and has a higher chance of meeting production forecasts. The stochastic schedule reduces equipment requirements by delaying waste mining and by mining selectively in order to meet plant ore feed requirements without stockpiling material, resulting in 23.7 and 26.2 percent lower mining capital and operating costs, respectively. IntroductionThe LabMag iron ore deposit is part of the Millennium Iron Range, a 210-km (130-mile) belt of taconite in northern Quebec and Labrador, Canada. LabMag has significant economic potential. It contains more than 3.3 Gt (3.6 billion st) of proven reserves at an average total iron content of 29.8 percent and is very low in impurities. However, on a project basis of 23 Mt/a (25 million stpy) of product, the required capital expenditure is estimated at more than $5 billion (SNC-Lavalin, 2014), which necessitates careful evaluation of all sources of risk. Resource estimation is one of the main sources of risk in a mining project as knowledge of the orebody is primarily based on drilling, which is often sparse because it is expensive. If the expected ore tonnages and qualities are not obtained when mining, the project cash flows are directly affected. The expected quantities and qualities of ore and waste are defined by the mine production schedule, which specifies the sequence of extraction and is dependent on the resource estimation. The goal of mine production scheduling is thus to maximize the expected profit, while also meeting all production targets and constraints, by creating an extraction schedule that is robust in the face of geological risk and has the highest chance possible of actually being realized."

Jan 10, 2017

By I F. Bell, K P. Hammerschmid

Well planned and executed environmental management plans can reduce life-of-mine operating costs and the need to deal with major environmental issues at the time of mine closure. With proper planning during the exploration, feasibility and execution phases of a project, final closure costs can be reduced. The reduction of closure costs should be considered during exploration and initial feasibility studies and when process facilities, waste rock dumps and tailings impoundments are designed. During the mining of the resource, closure cost reduction will depend on effective and efficient environmental management plans for ongoing land clearance, segregation of mine waste materials, management of mine site water and workshop wastewaters, and the establishment of progressive rehabilitation strategies. These issues are the responsibility of planning, production, technical support and maintenance personnel at an operating site. The successful implementation of environmental plans will ensure that all impacts are reduced and that closure issues with major cost implications are addressed prior to closure of the mine.

Jan 1, 1995

By C. Heath

US coal consumption reached new heights in 1985, but production was constrained by excess consumer inventories. Domestic consumption of coal reached a record 742 Mt (818 million st) during the year. This is a 3.4% gain over the previous consumption high 718 Mt (791 million st) in 1984. An additional 84 Mt (92.7 million st) of US coal were shipped abroad in 1985, up 13.7% from exports a year earlier. Coal production in 1985 totaled 804 Mt (886 million st), 1.1% below the record 813 Mt (896 million st) produced in 1984. The slight decline in coal output is attributed primarily to a 13% drawdown of large consumer stockpiles built up in 1984 in anticipation of a miners strike that never occurred. Coal demand, and hence production, were also restrained by slower economic growth in 1985 and additional gains in nuclear generation of electricity. Domestic market requirements for coal in 1985 were mixed. Electric utility consumption rose 4.4%; coke plants consumed 6.7% less coal; coal requirements in the other industrial sector expanded by 2.1% and consumption in the residential and commercial sector fell 14.8%. The 2.2% increase in electric power generation in 1985 resulted in a 4.4% rise in utility coal consumption, totaling 630 Mt (694 million st) for the year. Twenty-nine of 45 states where coal-fired electric power plants were operating shared in the 26.7 Mt (29.5 million st) increase in 1985. Coal receipts at utilities fell by 16 Mt (18 million st) as these facilities worked off 21 Mt (23.4 million st) from stockpiles during the year. Electricity generation at coal-fired power plants similarly climbed 4.4% to 1.4 trillion kWh in 1985. This gave coal a 56.8% share of electricity generated from all energy sources compared with 55.5% in 1984. The average price of coal delivered to these facilities remained essentially unchanged during the year. It declined on 1.5% from $38.26/t ($34.71 per st) during the fourth quarter of 1984 to $37.70/t ($34.20 per st) in the fourth quarter of 1985. Coal consumption at coke plants continue to reflect a depressed steel industry. After rebounding 18.9% in 1984 for the first time in five years, coal consumption at coke plants again declined 6.7% to 37 Mt (41.1 million st) in 1985. Coke consumption 26.5 Mt (29.3 million st) exceeded production, 26 Mt (28.7 million st), in 1985. This resulted in a 1-Mt (1.2-million st) decline in coke stocks at producer and distributor levels during the year. The average price of coal delivered to coke plants decreased 7.6% from $64.30/t ($58.34 per st) during the final quarter of 1984 to $59.42/t (53.91 per st) in the last quarter of 1985. Coal consumption in other industries, including all manufacturing and industrial consumers except coke plants, totaled 68.3 Mt (75.3 million st) in 1985. This was the highest level attained in more than a decade. But the lower percentage rise last year (2.1% compared to 11.8% in 1984) reflected slower growth in the nation's economy in 1985. The average price of coal delivered to industrial firms declined 4.5% from $42.32/t ($38.39 per st) in the fourth quarter of 1984 to $40.39/t ($36.65 per st) in the last quarter of 1985. Coal-producing states in Appalachia mined 9.8 Mt (10.8 million st) tons less in 1985 than in 1984 for a 2.4% loss. The largest contributors to the region's production decrease to 393 Mt (433 million st) were Pennsylvania, down 14.7% to 60 Mt (66 million st); Ohio, down 8.3% to 32.6 Mt (36 million st); and West Virginia, down 2.9% to 115 Mt (127 million st). Conversely, eastern Kentucky production was up 4.8% to 111 Mt (122.8 million st) in 1985, while production in Tennessee climbed 9.7% to 40 Mt (44 million st). No coal was mined in Georgia last year. Coal production in the interior region in 1985 declined 3.9% to 173 Mt (190.4 million st). Substantial production losses occurred in Indiana, down 8% to 31 Mt (34.5 million st); and in western Kentucky, down 7.9% to 36 Mt (40 million st). Coal production in Texas rose 5.7% to 39 Mt (43.5 million st) in 1985. Louisiana began mining lignite 140 kt (151,000 st) during the year. Production in the western region increased 3.4% to 238 Mt (262.5 million st) in 1985. Wyoming, up 5.3% to 125 Mt (140 million st); and North Dakota, up 16.5% to 23.5 Mt (26 million st) contributing the largest amounts. Production gains were also shown in Washington, Utah and, notably, in Alaska where coal output climbed 72.9% to 1.3 Mt (1.5 million st) in 1985. Most of the additional coal produced in Alaska last year was shipped abroad. Coal stocks held by consumers totaled 154 Mt (170 million st) at the end of the year. This was 27 Mt (30 million st), or 13.7% below the inventory level at the end of 1984. Stocks held by producers and distributors declined by 868 kt (957,000 st), or 2.8% in 1985 to 30 Mt (33 million st). A drawdown in stockpiles occurred in each consumer sector during 1985. Stocks held by electric utilities totaled 142 Mt (156 million st) at the year's end, 13% lower than stock levels at the end of 1984.

Jan 5, 1986

By James Westfield

A brief résumé follows of recent activities of the Division of Coal-Mine Inspection that have had a favorable effect on health, safety, and the reduction of injuries at coal mines: 1. The Federal Mine Safety Code for Bituminous Coal and Lignite Mines of the United States was issued originally by the Director of the Bureau of Mines on July 24, 1946, after consulting with management and labor representatives of the coal-mining industry. The code has been used by Federal coal-mine inspectors while inspecting bituminous-coal and lignite mines as a basis for determining the existence of unhealthful and unsafe conditions and practices in these mines. A revised code was issued by the Secretary of the Interior on October 8, 1953, after further consultations with representatives of management and mine workers and was incorporated by reference in the 1952 and subsequent bituminous-coal wage agreements. The agreement of May 29, 1946, between the Secretary of the Interior, acting as Coal Mines Administrator under authority of Executive Order 9728, and the United Mine Workers of America, covering bituminous-coal and lignite mines in Government possession, charged Federal coal-mine inspectors with the responsibility of making periodic investigations of the mines and reporting to the Coal Mines Administrator any violations of the Federal Mine Safety Code. Federal coal-mine inspectors also had temporary authority to close mines found to be imminently dangerous, but such authority (under Executive Order 9728) was removed on June 30, 1947, when Government control of the mines was terminated.

Jan 1, 1958

By Albert L. Toenges, Louis A. Turnbull, EDWARD L. FISH, JOSEPH J. SHIELDS, James J. Dowd

The stripping of coal with mechanical. equipment has progressed since the introduction of the first steam-powered shovel for the retóval of overburden at a mine in Pittsburg, Kans., in 1877...From the smart steam-powered shovels with dippers of less than a cubic yard capacity, small digging radius, and shovels that required manual moving, the trend has been toward large-capacity machines. Steam as power has been replaced largely by electricity, gasoline, and Diesel fuel, and dipper capacity as great as 35 cubic yards has been attained. Shovels and drag lines are self-propelled and revolve through 360°. The cost of these large-capacity modern machines is great, and in order to assure the return of the investment during the life of the property the reserve of coal in the area to be mined must be large;" Many comparatively small areas of coal suitable for strip mining exist, but these areas probably could not be mined, profitably with this large equip- ment. Therefore, heavy equipment has not been used in small areas because of the high cost in place of this equipment, the time and Atpense required to transport the machines to the mine site, and the construction of power lines if the machines are electrical powered.. Scrapers and light excavating equipment ane mobile, and the investment cost is not high. These units have been used in sirring the coal in small areas. A study to determine the methods in, yogue, and economic considerations involved in the use of such equipment was undertaken, and the information obtained is discussed in this report.

Jan 1, 1947

By W. G. Willson, Y. L. Li, P. D. Rao, D. E. Walsh

The combination of high moisture and low heating value has restricted most low-rank coal (LRC) usage worldwide to mine-mouth power generation. The objective of this study was to subject two Alaska low-rank coals to hydrothermal drying to enhance their marketability in the Pacific Rim markets and to evaluate the chemical and physical properties of the dried products as a function of process conditions. Coals from Usibelli Coal Mine and the Beluga coalfield have a heating value of approximately 18.5 MJ/kg and contain about 28% moisture. Hydrothermal treatment (at 275° to 325° C) of lump coal, from the Usibelli Coal Mine and the Beluga coalfield, enhanced the heating value of the material, on an equilibrium moisture basis, from 18.5 MJ/kg to nearly 27.8 MJ/kg. The product coal, with a high heating value and only 0.2% S, is an environmentally-acceptable premium fuel; additionally, with the Hardgrove grindability index of the coal greatly improved, its value is even further enhanced. An increase in hydrothermal drying temperature promotes vesiculation of resinite. Also, ulminite reflectance increased to 0.92%, and ulminite was subjected to widespread vesiculation; this resulted in a coke-like structure indicative that the material went through the fluid stage.

Jan 1, 1993

By Robert W. Metcalf

Since the spread of the European war virtually cut off imports from Denmark, Belgium, and France, the Bureau of Mines has had numerous inquiries as to domestic sources of grinding pebbles and silex or other types of ball mill liners. USES Flint pebbles and tube-rill liners are used by grinders of certain ceramic materials to prevent contamination of the finished product by iron abraded from steal baler and liners. The feldspar industry is one of the largest users of flint grinding mediums; they are employed also by curtain grinders of talc and soapstone, ground sand and sandstone, quartz, and chalk. Some paint materials, such as lithopone, have been ground in pebble Flint pebbles have been used more or less in the past, especially by cement manufacturers, and, for fine grinding of gold, copper, or other ores in which iron contamination is not especially deleterious.

Jan 1, 1940

By P. P. Sinha, D. N. Bhatia, B. R. Ghosh, R. K. Gupta

Medium carbon, low alloy, high-strength steels containing Ni, Cr, and Mo are used for the fabrication of various types of high-strength fasteners required for launch vehicle structures. Cold heading properties and response to hardening and tempering are the essential requirements of the material for fabrication and application, respectively. Combining these two requirements is essentially warranted in high-strength fastener-grade steels. Cold heading properties require ductility, which can be achieved through spheroidizing treatments. In the absence of a suitable spheroidizing cycle for medium carbon 3.8 Ni, 1.8 Cr, 0.3 Mo steel, experiments were carried out with a theoretical understanding of the alloy system. This paper presents the experiments and results obtained after a spheroidizing treatment, which was carried out to optimize the process. Hardness measurements were carried out and microstructural studies were conducted to assess the spheroidization process and to determine the optimal spheroidization parameters.

Jan 1, 2007

By B. M. Eiter, J. Hrica, D. R. Willmer

"Mineworkers are routinely tasked with making critically important decisions about whether or not a hazard presents an imminent danger. Researchers from the U.S. National Institute for Occupational Safety and Health collected formative data to investigate mine safety professional perspectives on workplace examinations, which revealed a potential gap in how mineworkers are assessing risk. During interviews, participants revealed not having a systematic methodology for mineworkers to use to determine if a hazard is considered imminent danger. In this paper, we identify and describe three distinct categories of imminent danger complexity and discuss potential steps that could lead to improved identification of imminent danger situations. Finally, we identify potential practices to incorporate into risk management efforts, including feedback, communication and specialized training, to increase awareness of imminent danger situations. IntroductionIn recent years, the metal and nonmetal mining sector, as categorized by the U.S. Mine Safety and Health Administration (MSHA), experienced an increase in the number of fatalities occurring at mine sites. From 2013 to 2015, 69 mineworkers were fatally injured, twice the number of fatalities in each of the previous two years (MSHA, 2015a). As a way to address this increase, MSHA issued its P15- IV-01 program policy letter, suggesting that “miners would benefit from rigorous workplace examinations conducted by experienced and trained examiners” (MSHA, 2015b). The goal of these examinations is to find hazards in the field and mitigate them before they cause injury or death to mineworkers. While it is important to identify all hazards in the workplace, it is critically important to identify those hazards that are considered imminent danger because they require an immediate response to avoid a severe or even fatal injury."

Jan 9, 2018

By Harry Schnabel

A 6200 m² cement deep soil mixed (CDSM) wall was constructed for an addition to the Museum of Fine Arts in Boston, Massachusetts. The addition was located along the east side of the existing museum within an existing courtyard and in the area of a recently demolished structure. The basement for the new addition extended up to 9.1 m below the floor slabs of the adjacent buildings. The adjacent buildings are supported on a variety of foundations including; shallow spread footings on alluvial sand deposits, low capacity piles bearing in the alluvial sands and Boston blue clay, and caissons bearing on the alluvial sands and clay. Groundwater was less than one meter below the top of the CDSM wall. The new addition was founded on shallow foundations in the desiccated crust of the Boston Blue Clay. The CDSM wall was selected as the most economical means to control deep seated ground movements, limit movements of adjacent structures, and inhibit groundwater flow into the excavation. Braces and a continuous wale were used to support the CDSM wall where it was located adjacent to structures. Tiebacks were used where there were no structures. Other geotechnical construction at the site included: ? Jet grouting (JG) to improve the ground and provide an impervious subgrade layer at the west end of the addition, ? Concrete pier underpinning was used to support an existing structure on the west end of the site, and ? A secant pile wall using alternating drilled shafts and jet grout columns was used for earth support and a barrier to groundwater flow to allow for the installation of a storage tank at the south end of the site. Inclinometers, total station surveying, vibrating wire strain gauges on the braces and wales and load cells on the tiebacks were used to monitor performance of the excavation support system. The excavation support system performed better than required limiting lateral movements of the adjacent structures to less than 13 mm and vertical settlement to less than 8 mm. No settlements or movement were detected during the construction of the wall. Lateral movement of the CDSM wall was typically below 15 mm with the maximum movement occurring near subgrade.

Jan 1, 2011

By J. Cseff

A variety of shaft and hoist equipment exists in the United States. Nearly all hoist systems are electrically driven. Machine elements which comprise the hoists and ancilliary equipment include bearings, shafting, drums, gear reducers, couplings, brakes, clutches, sheaves and electrical motors. Volume I, Systems Description, describes the various components encountered in most mine hoist and shaft installations, and brief descriptions of functions and constructions. Hoist ropes and balance ropes are specifically excluded from this report. Associated with the hoisting system is the headgear, shaft and equipment, loading/dumping facilities and the actual conveyances and their rope attachments. Volume II, Inspection and Maintenance Procedures, discusses scheduled Inspection and preventative maintenance in general terms. Preventive scheduled inspection and maintenance procedures assist in the smooth operation of mine hoisting plant, by the prevention of unscheduled or catastrophic equipment failure and its attendant downtime. Schedules and overall maintenance planning is required at the management level. Records and equipment logs must record inspection and maintenance, and unusual operations or incidents. A cross reference between MSHA regulations and various equipment components is included as part of the report. A discussion of the various non-destructive testing methods which may be applied to hoisting equipment is also included.

Jan 1, 1981

By T. H. Chan

As the University of Hong Kong and their advisors planned their new Centennial Campus it became clear that they would have to re-provide existing water reservoirs on an adjacent site with new salt water reservoirs located underground in two new caverns. The existing reservoirs are owned by the Water Supplies Department who provide salt water for sanitary flushing and a separate potable water supply for regular use. Although underground reservoirs had not previously been adopted locally, the planning has been completed to a tight schedule and the construction is well advanced. The need to preserve historic buildings imposed constraints, as did the requirement to minimise potential construction nuisance for the local community and environment. This paper presents the background to the project and the work carried out to develop an innovative, sustainable and environmental acceptable solution. Construction progress to date is also presented.

By Paul V. Mullins

Review and evaluation of all available data on the vapor pressure of car-bon dioxide at the ice point, including previously unpublished results obtained by the Bureau of Mines, are presented. Suggested corrections and adjustments to all the data yield an average value of 26,136.4 mm mercury. Indicated agreement is within plus 1 part in 8,000 to minus 1 part in 11,000. A novel pressure bomb in which a sample of pure carbon dioxide is placed and sealed by a diaphragm fluid separator and its use as a reference pressure standard for extended and repeated use in the calibration of deadweight gages is described.

Jan 1, 1966

By R. L. Marek

The number of Persons fatally injured in the petroleum industry in California in 1930 was 50, a decrease of 20.6 per cent from 1929, when 63 men accidentally lost their lives. The decrease in the number of fatalities for 1930 has caused the first downward trend in the fatality curve of the California petroleum industry since 1927 and is coincident with a period of little active development in new fields, the shutting in of many wells, and reduced activity in the older fields of the State. That a direct relationship exists between the number of accidental deaths and the rapidity of new field development is particularly emphasized by the fact that in 1929, a year of intensive field development in California, 48 men were killed in the drilling and producing division, whereas in 1930, a year of less development work, only 25 men were killed in this division. The figures for the average number of drilling and producing wells in 1930 decreased appreciably from comparable figures for 1929 and a greater percentage of producing wells were shut-in in 1930 than in 1929.

Jan 1, 1931

By R. L. Marek

The number of persons fatally injured in the petroleum industry in California in 1930 was 50, a decrease of 20.6 per cent from 1929, when 63 men accidentally lost their lives. The decrease in the number of fatalities for 1930 has caused the first downward trend in the fatality curve of the California petroleum industry since 1927 and is coincident with a period of little active development in new fields, the shutting in of many wells, and reduced activity in the older fields of the State. That a direct relationship exists between the number of accidental deaths and the rapidity of new field development is particularly emphasized by the fact that in 1929, a year of intensive field development in California, 48 men were killed in the drilling and producing division, whereas in 1930, a year of less development work, only 25 men were killed in this division. The figures for the average number of drilling and producing wells in 1930 decreased appreciably from, comparable figures for 1929 and a greater percentage of producing wells were shut-in in 1930 than in 1929.

Jan 1, 1931

This paper focuses on two sites in the Mount Pleasant - McCormacks Bay area of Christchurch where residential development has taken place either within or immediately adjacent to former quarries for the extraction of volcanic rock. At the Quarry Road site less overburden was dumped on adjoining land around the turn of the century, and c.1980 dwelling and related construction took place on approximately 6 m of relatively loose fill material without the recognition of its presence or geotechnical characteristics. Subsequent settlements led to abandonment of a swimming pool and the underpinning of the 3-storey architect-designed house, whilst litigation brought by the owner resulted in findings of negligence against both the architects and engineers. At the Tramways Quarry site the Council approved subdivision of the former quarry area in the early 1980s without requiring any geotechnical evaluation of batter stability or related issues. During development it became apparent that significant blast damage had occurred to rock faces, necessitating a variety of remedial measures, and that waste materials had been dumped down faces without regard to long-term stability. Both case studies confirm the requirement for careful documentation of former quarry sites by territorial local authorities as part of their administrative function, and for detailed engineering geology and geotechnical evaluation of such areas prior to any residential use of the land.

Jan 1, 1998

By A. Philipp, A. S. Middleton, G. A. Harron, A. B. Durham

"Basal till sampling techniques were used to search for gold mineralization in the Timmins, Ontario area. During 1978 and 1979, approximately 90 overburden sampling drill holes were completed in Murphy and Hoyle Townships to test specific geophysically defined target areas. A conventional tricone dual tube drill system, and a unique retractable tricone/rock coring system were used to various advantages.First pass till sampling at 800 to 1200 ft intervals perpendicular to ice transport direction yielded anomalous gold values in till and carbonatized quartz pyrite-rich bedrock chips, and lateritic soil. Subsequent induced polarization-resistivity surveys defined the areal extent of a pyritic carbonate alteration zone. A second pass till sampling/limited rock coring program evaluated the gold mineralization potential of the alteration zone. Diamond drilling has substantiated the till and bedrock gold anomalies. Further evaluation of this mineralization is currently in progress. IntroductionThis paper describes an integrated geochemical/geophysical gold mineralization discovery case history in Hoyle Township. This discovery is on a property jointly owned (I983) by Canamax Resources Inc. and Du Pont of Canada Exploration Limited. Exploration of the property began in 1978 by Rosario Resources Canada Ltd. and in 1979 a joint venture agreement was signed with Du Pont of Canada Exploration Limited. Rosario Resources Canada Ltd. was taken over by Amax Minerals Exploration in 1981, which became Canamax Resources Inc. in 1982.The work described in this paper deals with a gold mineralization discovery located three-quarters of a mile northwest of the gold deposit currently being readied for underground exploration and development. Further drilling is required to investigate the economic potential of the gold mineralization herein described."

Jan 1, 1987

By T. M. Barczak, S. C. Tadolini

Reduction in the recovery time required and improvements in safety during a longwall face move have compelled coal mine operators to examine and use pre-driven longwall recovery rooms. The recovery entry is developed at the longwall stop position and supported ahead of time so that the required combinations of standing and internal supports can be installed before the longwall face approaches. A calibrated three-dimensional finite element model, developed in conjunction with an underground test area, provided the critical components and design principals for a comprehensive parametric study. The study indicates that vertical, horizontal, and shear stresses concentrated on the outby abutment pillar corner of the recovery room resulting in deformations in the immediate roof above the primary roof support anchorage level. The results of the numerical model and field site observations indicated that the combination of the internal bolting system and the standing concrete supports are critical for the successful and safe extraction of the longwall equipment. Cable supports installed at and angle over the pillars can help stabilize the disturbed zone above the adjacent fender and outby pillars, however; standing supports are required in most sedimentary roof conditions to increase stability and assure a safe longwall extraction.

By H. Lyn Bourne

This is the ninth annual tabulation of royalty information. Again this year, some of the older information has been deleted to make room for more than 30 new entries. Several articles and publications crossed the author's desk this past year that relate to mineral valuation and mineral royalty. Tom Loucks presented a paper, "The Valuation of Hard Rock Mineral Property," at the Rocky Mountain Mineral Law Foundation in Santa Fe, NM in July, 1990. His paper gives an indepth explanation of the definitions and concepts related to mineral valuation. It includes descriptions of numerous legal cases that have dealt with mineral valuation and proper reference is given for each case. Loucks works for the Denver Mining Finance Co. Gold royalties generally range from 5% to 7%, net smelter return. However, Severn Brown sent information that shows a much wider variation. Echo Bay Mines reported in its 1989 annual report royalties that range from 1.5 % to 30% for gold from various gold properties. Brown also sent a copy of an article that appeared in the Dec. 27, 1982, issue of Fortune magazine. This issue carried an article by Walter Guzzardi, Jr. "The Huge Find in Roy Ash's Backyard." The article gives the history of Newmont's leasing in Nevada on property that became the Carlin, Bootstrap and Blue Star Mines. The article states that the initial royalty was 10% that escalated to more than 16%. Another property, the site of Gold Quarry, provides an 18% royalty to the same own¬ers. The article makes interesting reading for those interested in mining history.

Jan 1, 1991