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By Dr. O’Neil Thomas J., Donald W. Gentry

Introduction “A Western mine is a hole in the ground owned by a liar. . ." -Mark Twain THE CAPITAL INVESTMENT DECISION Decisions pertaining to a firm's proposed capital investments can have vital short- and long-term consequences on the organization's ability to compete, and even survive.Capita1 investment decisions, in general, center around two fundamental activities: (1) allocating capital funds to specific investment projects or assets, and (2) obtaining necessary financing in such proportion as to increase the overall value of the firm. In essence these activities or decisions describe the science of finance (as contrasted with economics). Fimnce has been described in general terms as the study of how a present, known amount of cash is converted into a future, perhaps unknown, amount of cash (Archer, Choate, and Racette, 1979). Fundamental to understanding the science of finance and the capital investment decision process in general are the basic concepts relating to cash flow transactions, time, income generation (markets), expected returns, and risk. The functions of finance may be segregated into three fundamental decisions which a firm must address: (1) the dividend decision, (2) the financing decision, and (3) the investment decision. These decisions are interdependent and their joint impact on the objective of the firm must be considered. This book primarily addresses the concepts and components associated with the investment and financing decisions as they affect the practice of mine valuation. Responsibilities of Management A primary assumption incorporated in this book is that the fundamental objective of any firm is to maximize its value, or wealth of its owners (stock- holders). Here, the term wealth refers to the total current market value of the firm's assets. In the case of corporations, the wealth or value is considered to be represented by the market price of the firm's common stock. The price of the firm's common stock obviously will be affected by its investment, financing, and dividend decisions. Consequently, an optimal combination of these three decisions should maximize the value of the firm to its stockholders. It is important to point out that wealth maximization is a more appropriate and inclusive goal for the firm than profit maximization. Indeed, there is a difference between the two objectives in most situations. For instance, a firm can always raise profits by selling stock and investing the proceeds in treasury bills or certificates of deposit. This type of activity, however, would rarely cause net shareholder wealth

Jan 1, 1984

By George F. Comstock

It seems a common opinion among metallographists that all light-gray inclusions seen with the microscope in polished sections of steel are manganese sulphide. Examples of this belief are continually appearing, as for instance in the paper by Dr. Henry Fay on manganese sulphide as a source of danger in steel railsll and in Lieutenant-Commander Cook's paper on Metallography of Steel for U. S. Naval Ordnance.² Slate- colored inclusions are considered to be silicates, and dove-gray inclusions, manganese sulphide. To show the danger in the latter unqualified assumption, it should be sufficient to examine the edge of any piece of steel that is covered with a fairly thick scale, and that has been polished in such a way as to prevent the scale from breaking away entirely below the polished surface. This can be done by protecting the scaled edge of

Jan 1, 1917

By Lauren A. Wright

General prosperity marked the industrial mineral industries of the U.S. and Canada in 1962. For most commodities, production and sales exceeded 1961 figures, and for several commodities, all-time production peaks were reached. Many millions of dollars were spent on exploration for and development of industrial mineral deposits, construction of new plant facilities, and expansion and modernization of existing plants. This generally satisfactory state is attributable mostly to a continuing high rate of building and heavy construction. However, for large segments of the industrial mineral field, 1962 was a year of increasingly severe competition and of problems, either existing or potential, of overproduction and overcapacity. Such problems are of particular concern to the asbestos, cement, potash and sulfur industries. As in years past, the trend continued toward larger-scale operations to permit lower production costs per unit of material mined, toward more stringent quality controls and toward marketing methods that provide greater efficiency and customer convenience.

Jan 2, 1963

By G. W. Jarman

THE purpose of this paper is to present briefly a description of some of the special methods of separation or concentration, either singly or in combination with others, and to give certain operating data and examples. Explanation of the usual methods of large-production mill treatment, such as flotation or wet tabling, or of chemically treating industrial minerals, is not included in the scope of this paper, although one of these methods might be, in certain instances, augmented by one or more of the special methods that will be enumerated herein. Description of these special methods will be centered on magnetic separators, electro- static separators and air flotation or air tables. MAGNETIC SEPERATORS In general, separating is achieved by exerting upon a particle some kind of force opposed to gravity, either directly or at an angle. For example, in the Wetherill or cross-belt type of magnetic separator some particles are lifted vertically from the others because they have been exposed to a force to which they respond more readily than particles of lesser magnetic susceptibility. Of course, there is a limitation to this vertical rise, for the particle must be of a high enough susceptibility to receive a magnetic force greater than the 980 dynes per gram of gravitational urge. To overcome this limitation, the induction type of magnetic separator was developed, so that it is only necessary to instill, say, 30 to 60 dynes per gram instead of the 980, to cause a deflection away from the vertical in falling, and that deflection can be used advantageously when falling by inserting a dividing knife-edge. The induction magnetic separator (Fig. 1) has become a fairly well known method of concentrating and purifying. For example, abrasive grain was among the materials that did not respond to the previously best known type of magnetic separator, such as the Wetherill type, and the development of the induction magnetic separator in the plant of a

Jan 1, 1938

By R. A. Falconer, H. L. Lovell

With increasing requirements for fine coal cleaning and the many advantages of the cyclone operating on a coal-water slurry, a series of studies designed to achieve an enhanced understanding of the cyclone parameters has been pursued. The purpose of this investigation has been to vary a series of dimensional parameters with an experimental 15-in. diam hydro-cyclone, and to determine the relative effects of parameter variations upon ash and sulfur removal. This study of the hydrocyclone is a continuation of a series of investigations, conducted in the Dept. of Mineral preparation at The Pennsylvania State University, which are directed toward the removal of ash and sulfur constituents from fine bituminous coal by size-density separations in cyclones, and toward a fuller understanding of the complex mechanisms involved in such separations. The purpose of this investigation has been to vary a series of dimensional parameters with an experimental 15-in. diam hydrocyclone, and to determine the relative effects of parameter variations upon ash and sulfur removal. Of special interest was the response to cone angle variation, since it is the high included cone angle that generally distinguishes the hydrocyclone as a gravity separator rather than a classifier. DESCRIPTION OF THE HYDROCYCLONE Fig. 1 is a dimensional drawing of the hydrocyclone used in the investigation. The unit was designed and fabricated by Heyl and Patterson, Inc., for experimental use. The dimensional parameters considered were: 1) Three cone sections having included angles of 45, 60, and 95,degrees, 2) Three 3 1/8 in. diam vortex finders having lengths of 15, 17, and 19 1/2 in., 3) Three 4 1/16 in. diam vortex finders having lengths of 15, 17, and 19 1/2 in. 4) Two apex sections having diameters of 2 and 2 1/4 in. The feed inlet orifice had a fixed diameter of 3 in. The hydrocyclone test installation was made at The Pennsylvania State University pilot plant at Barnes-boro, Pa., which operated at 50 tph. During the period that the hydrocyclone was tested, research was in progress at the Barnesboro site to reprocess refuse material from a near-by coal preparation plant in

Jan 1, 1968

By G. L. Oldright

Nearly all of the present schemes for treating complex (i. e. lead-silver-zinc-copper) ores are based on the idea that lead holds, and will hold for some time, the strongest economic place from the viewpoint of supply and demand of all the non-ferrous metals. Copper, it is thought, will come back to its own when European affairs are stabilized, although at that time competition from Chile, Peru, and Katanga, in particular, will be more severe than in pre-war days. The future for silver and for zinc is uncertain. New uses are developing for zinc, and the market has remained better than many expected, but the stabilization of world markets will bring in foreign competition instead of relief. The cost of producing zinc from simple zinc ores, by the retort process, will, from the nature of the labor required and the increasing cost of fuel, increase steadily. As a result, the small producers of purely zinc ores around Joplin are shutting down their mines, even with a good market price for zinc; on the other hand, the producer of lead from complex ores, in the Rocky Mountain states, is confident of a profit from the sale of his lead, and is seeking means to make the zinc in his ore pay some part of the cost of treatment. However, the tonnage costs for mining and ore dressing are much higher in the Rocky Mountain states, as may be seen by comparing tax-return statements from the various states. Even before the recent drop in the price of silver, many mines were operating on a very slender margin of profit; labor and supplies cost more. Mining at greater depth has shown most orebodies to grow increasingly more complex, so that improvements in mining and ore-dressing practice have not been sufficient to compensate for the additional expense involved in beneficiating these ores. The smelters have bad to meet the same general economic situation, so they can only give

Jan 1, 1924

By John Chipman, A. M. Samarin

It has been long known that the gas evolved during the boil in the open-hearth furnace is mainly carbon monoxide associated with smaller quantities of other gases. A number of attempts have been made to determine the precise effects of carbon and oxygen content of the bath, and of other factors, such as temperature, upon the evolution of carbon monoxide. In his investigation of the carbon-iron oxide product in liquid steel, Hertyl showed that the value of this product at equilibrium could be approximated by plotting the value of the product observed in open-hearth reactions against rate of carbon elimination, and extrapolating to zero rate. The results of this study showed a slight but definite effect of temperature upon the carbon-iron oxide reaction. Experimental studies of the evolution of gases from rimming-steel ingots have not yet attained the degree of precision necessary for an exact understanding of the effects of pouring temperature, carbon content, and iron oxide in the metal upon the composition of these gases. Klinger2 showed that the gas consists mainly of carbon monoxide, and that considerable variation in its composition occurs during the solidification of the ingot. In order that these variations may be understood in their proper relationship to the progress of solidification of the ingot and the segregation that accompanies solidification, it is essential to have a knowledge of the condition of equilibrium in the several chemical reactions by which the gases are being formed. It is also necessary to understand the effects of temperature upon the equilibria, and further, to know the manner in which the temperature of the liquid metal within the ingot changes as the skin of the ingot is being built up. The reactions in which we will be chiefly interested are those involving in the one case the oxides of carbon, and in the other case steam and

Jan 1, 1937

By Norman Pilling

THE solubilities of a series of experimental alloys covering the range 0 to 100 per cent. Ni, 0 to 30 per cent. Cr have been studied under conditions of complete submersion in several fully aerated acid solutions, and in solutions containing sulfurous acid. In nonoxidizing, hydrogen-discharging acids, if the nickel content is below a certain critical amount, chromium increases the rate of solution and nickel decreases this rate; this critical content of nickel is about 13 per cent. Alloys containing more than this corrode at a constant minimum rate independent of iron, nickel or chromium contents. Austenitic chrome-nickel steels may thus have a resistance to these acids equal to that of nickel-chromium alloys. In nitric acid and in unaerated sulfurous acid rather sharp limits of attack occur which are principally dependent on chromium content. In the former the limit of attack is not related to a particular chromium content but varies continuously with acid concentration. The action of sulfurous acid on these alloys is highly dependent on the presence of small amounts of other substances in solution, and many sulfurous acid mixtures rapidly attack alloys to which the pure acid is wholly inert. The observed effects are. not compatible with Tammann's theory relating corrosion resistance to lattice structure but are believed to be concordant with current views of the electrochemical nature of corrosion.

Jan 1, 1929

By Harold H. Goe, Louis V. Bender

The recovery of arsenic was started at the Washoe Reduction Works (later called the Anaconda Reduction Works) in 1904, when an arsenic plant was constructed adjacent to the lower end of the 60-ft. main flue.' This plant originally consisted of a Brunton roasting furnace for treatment of flue dust and a small reverberatory furnace for treating the crude arsenic produced in the roasting operations, together with the necessary kitchens for condensation of the fumes and grinding and barreling apparatus for preparing the refined white arsenic for market. The Brunton furnace was fired with wood. It was 14 ft. 6 in. in diameter with two outside fireboxes. The hearth revolved upon a central shaft. The charge was fed through a dust-tight hopper on to the center of the hearth and slowly moved to the outer edge of three rows of stationary rabbles fastened in the roof of the furnace. There was a 3-ft. space between the hearth and roof. A crude arsenic was condensed from this furnace. The hot flame from the fireboxes passed directly over the charge, vaporizing the As203 that was carried through brick flues to the condensing chamber. This chamber was 8 ft. high, 16 ft. wide and 240 ft. long, divided into small kitchens by partitions spaced every 7 ft. It was connected with the main flue system to provide draft and to receive any losses from the chamber. The small kitchens were connected by openings in such a way that the fumes took a zigzag course, causing them to come in contact with the cold walls and ceiling and condense the arsenic. There was an opening from the outside into each kitchen, for the removal of the deposited arsenic, which was closed by a wooden door. The refining furnace was a small coke-fired reverberatory having a hearth 10 by 20 ft. in dimensions. It had three hoppers through which the crude charge was introduced, and one firebox placed at one end. The hot gas from the burning coke passed over the charge, volatilizing the arsenic and carrying it to the kitchens.

Jan 1, 1934

By A. J. Carlson, G. M. Marincel, M. L. Hovland, J. H. Healy

Research personnel of Erie Mining Co., a pioneer taconite mining firm on the Mesabi Range, have invented a new method to make an effective 325 mesh separation at high tonnage rates over stationary screens. The company regards this development as historically significant in that it represents the first successful method to commercially screen large tonnages of ore at fine sizes. Erie, which is now completing an expansion program at its plant site near Hoyt Lakes, Minn., has incorporated this screening method as part of that expansion. When completed, the concentration plant will produce 10.3 million tons of iron concentrate, all of which will have been efficiently screened at 325 mesh.

Jan 4, 1967

By F. C. Stanford

The work of an engineer is to direct natural forces so that the: bring about the results that he wishes to secure. Heretofore he ha concerned himself chiefly with physical forces and inanimate objects until he has secured a truly marvelous degree of control over them The great problem of the present age is to secure a like degree of know1 edge and control of the human factor. Progress has already been made along this line, but it is only a beginning. Wilhelm Ostwald says tha scientific knowledge enables a man to be a true prophet; but it must be remembered that a good many people do not seem to be able to main tain a high average in prophecy. In short, 'the average of knowledge is not equal to the average needs of the present time, but continually fails to keep pace with it. It has been aptly said that the really essentia need of the period is for more brains; if we only had sufficient knowledg and sagacity we could not only solve all difficulties, but prevent then from arising. This generalization holds good for an industrial organization. Th most vital need of the management is for more brains. The logica course for an engineer in charge of an industrial organization is, therefore to direct whatever forces may be at his command toward the development training, and guiding of all the brains in his organization. This is easie said than done, for it involves the carrying on toward two objective: the maximum of productive work, and the development of the individual who perform it. This is essentially like the rebuilding and enlarging of plant, keeping it in full operation the while. On the other hand, if th aim is merely for maximum production from an organization, withou offering opportunity for development, the final outcome will necessari be like that of a plant that is driven at full capacity without stoppin for repairs or improvements; it eventually becomes so run down th either a complete rebuilding is necessary or else it has to be abandone

Jan 1, 1918

By T. D. Yensen

If the question should be asked at this time: "Does pure iron have allotropic transformations?" the reply would necessarily be, "We do not know." And it is doubtful whether anybody, anywhere, is in a position to make any other reply at this time, for the simple reason that pure iron has not yet been made and tested. The nearest approach to it contains either an appreciable amount of carbon or else an appreciable amount of oxygen (a few hundredths of a per cent.). But why be con-

Jan 1, 1929

By W. M. McKewan

Dense magnetite pellets were reduced in hydrogen-water vapor-nitrogen mixtures over a temperature range of 400° to 500° C at a pressure of 0.97 atm. The rate of reduction per unit area was found to be constant with time and directly proportional to the partial pressure of hydrogen at a constant ratio of water vapor to hydrogen. Water vapor poisoned the oxide surface by an oxidizing reaction and markedly slowed the reduction. The enthalpy of activation was found to be + 13,600 cal per mole. THE investigation of the reduction of iron oxides has been the subject of numerous papers. Most of these papers have dealt with the evaluation of various ores, both magnetite and hematite. There have

Jan 1, 1962

By W. K. Lewis

During the last decade the petroleum refinery engineer has made great progress in achieving a better understanding of the physical behavior of hydrocarbon mixtures, with particular reference to their pressure-temperature-volume relationships, the mechanism of the evaporation of liquids, the condensation of vapors, including the changes in composition, and the heat effects accompanying them. With the new insight into the mechanism of movement of oil and gas through the formations in which they occur, achieved by the production engineer, it is clear that the latter will need to utilize in the solution of his own problems much of the information outlined above. It is the purpose of this paper to outline the portions of that information that seem most certain to prove of importance in production work. Properties of Pure Hydrocarbons While it is true that petroleum always consists of highly complex mixtures of hydrocarbons, none the less understanding of the behavior of the mixture must be based upon a knowledge of the properties of the pure components. However, in view of the tremendous number of hydrocarbons existing in petroleum, the determination and formulation of the properties of all of them would seem a discouraging task. The difficulty of the situation is increased by the undoubted facts that the overwhelming majority of chemical individuals in petroleum have never been isolated as pure compounds, none of their physical properties have been determined and even their chemical constitution is unknown. The situation would be hopeless were it not for the fact that certain extraordinary correlations of important properties of various hydrocarbons have been discovered which make it possible to predict those properties for a given chemical individual on the basis of a very limited characterization of it. Thus one can predict the vapor-pressure curve of an unknown hydrocarbon over a considerable range from the knowledge of a

Jan 1, 1934

By B. R. Palmer, M. C. Fuerstenau

Oxide and silicates respond to flotation with a large number of anionic collectors. These include carboxylates (fatty acids), sulfonates, alkyl sulfates, and certain chelating agents. In contrast to sulfide mineral flotation, relatively long-chained collectors (generally longer than 10 carbons) are required to effect flotation of this group of minerals. The structural formulas of these various anionic collectors are presented in Table 1. Formulas and solubilities of various fatty acids are presented in Table 2. These solubilities are those of the dissolved and undissociated species of the acid, e.g. oleic acid, HOl(aq). Of the compounds listed, oleic acid and abietic acid, which IS a major constituent of talloel, are used most commonly in commercial applications. The usage of these two collectors is related to cost and effectiveness. In addition to their high molecular weights, oleic acid contains a double bond in its hydrocarbon chain, while abietic acid is comprised of aromatic rings containing double bonds. The presence of double bonds increases solubility significantly over that of saturated homologues. Stability of metal-collectors assumes a most significant role in these systems, and the solubility products of various metal carboxylates and sulfonates are listed in Tables 3, 4 and 5. In addition to these properties, strength of the acids of these various anionic collectors is also important. The carboxylic and hydroxamic acids are weak acids whereas sulfonic and alkyl sulfuric acids are strong acids. All of the carboxylic acids fall in the range of pK = 4.7 ± 0.5 ([2]); the pK of hydroxamic acid is around 9 ([3]); and the pK of sulfonic acid is about 1.5 ([4]).

Jan 1, 1976

By G. Sachs, L. J. Ebert, W. F. Brown

Isothermal transformation, or "aus-tempering," of a carbon-containing aus-tenite at elevated temperatures yields so-called "intermediate products." Their structure and properties are, for a given hardness, rather different from those of "tempered martensite" obtained on conventional quenching and tempering.' Several investigators2,3 have found that for high carbon and slightly alloyed steels the intermediate products formed at temperatures close to that of the martensite reaction possess strength properties superior to those of tempered martensite. The structure of these low temperature, intermediate products is generally acicular (bainite) but clearly different from that of martensite. However, at higher austempering temperatures, between 1000 and 1300°F (540 and 700°C) carbon steels were found to exhibit a rather low ductility.4,5 Thus notch bar tensile tests showed the ratio between notch strength and regular tensile strength to decrease with increasing austempering temperature. For ductilities below a few percent this notch strength ratio is a measure of ductility, according to investigations on low alloy steels.637 Furthermore the presence of intermediate products formed unintentionally on quenching was considered as responsible for the low ductility and impact energy of some heat treated steels,8 These intermediate products could result from partial transformation at the so-called "nose-temperature" where the rate of the transformation is a maximum. Tempering improved such mixtures of martensite and intermediate products, their properties approaching those of tempered martensite of equal hardness. The following investigation constitutes an attempt to determine certain strength properties of a partially austempered and subsequently quenched low alloy steel, namely, a chromium steel (SAE 5140) The structures formed by such a treatment should consist of a mixture of intermediate products formed on austempering and a martensite formed on oil quenching from the austempering temperature. It was intended, by varying the austempering time, to vary the quantity of the intermediate products between zero and 100 pct. The austempering temperature of 860°F was selected after extensive preliminary tests close to the nose-temperature. Austempering at this temperature yielded an acicular intermediate product. .Additional tests under less exacting conditions were made for an austempering temperature of 950°F where the intermediate product appeared to be very fine pearlite. To determine the effects of tempering on structures containing various amounts of

Jan 1, 1949

By A. S. Richardson

THE recent installation of a high-pressure propeller type fan at the Moose shaft of the Anaconda Copper Mining Co. at Butte, Mont., is of interest on account of novelty of design and also because an appreciable saving was made over the cost of a reversible centrifugal fan such as is ordinarily used where a high pressure is required. The lower cost is due solely to the fact that by means of controls 'on the power supplied to the three-phase, alternating-current, induction. motor, directly connected to the propeller it is possible to reverse the direction of rotation of the propeller and thus reverse the direction of air flow. The extra air ducts and reversing doors required for this purpose with centrifugal fans are not necessary, and their elimination greatly reduces these construction charges, which form a great part of the total expense. The Badger State mine for which the Moose shaft is used as the main outlet air course is now being-developed to the 4100-ft. level. The old centrifugal fan, formerly used at the collar of the shaft, was installed 15 years ago at a time when most of the stoping was being done above the 2400-ft. level, and when the temperature of the rock was much lower than it is now on the bottom levels recently opened. The old fan, therefore, became inadequate to maintain desirable ventilation conditions, on account of the increase in resistance to air flow incident to the greater depth of the mine workings and because a much larger volume of air is required to offset the higher rock temperatures. Propeller, or disk, fans commonly used in the ventilation of mines are not suited to high-pressure work, but economies in the cost of their installation have long been recognized. In South Africa use has been made of a number of propellers placed in series along a common shaft, the number of propellers used being varied with requirements for meeting different conditions of mine resistance, but the mechanical efficiency is described as being low. In Butte, experimental work was done by the writer along similar lines under somewhat different conditions, but with poor results as to both pressure capacity and mechanical efficiency. Tests were also made of two different types of propeller fans of moderate size, which were said by the manufacturers to be suited to high-pressure mine ventilation.

Jan 1, 1932

By J. B. Stubbins, D. F. Coates, K. L. McRorie

Twenty-two pit slides that occurred in two Canadian open pit mining properties are analyzed. Information on the results of laboratory tests of the rocks and a brief description of the geological environment are also presented. One deduction from the study is that slides seem to be predictable by using established theory. This corroboration indicates that, contrary to normal mining practice, the appropriate slope angle should vary with the height of the wall. In addition, if the general ground water level around an open pit can be reduced, the appropriate slope angles of the walls could then be increased by a determinable amount. The ultimate objective of these investigations is to determine the relationship between the percentage probability of failure of any slope designed with specific strength paraheters. With this relationship it would then be possible to determine optimum slope angles. Because of changes in various economic factors, open pits are now being mined to much greater depths than previously. The need to keep stripping ratios low without endanrrerine.-- lives and equipment provides a strong incentive to determine the maximum practicable wall slopes. Applied research work is currently being conducted to establish the methods for analyzing optimum slopes.

Jan 1, 1963

By S. A. Allison, N. P. Finkelstein

After a brief consideration of the properties of zinc sulfide minerals, their flotation characteristics, and their reactions with thiol collectors, the literature on the activation of the minerals by cupric ion, their deactivation by cyanide, and their depression is reviewed in detail. The distinction between deactivation and depression is stressed. The contradictions in the published results and theories are discussed and attempts are made to resolve them. It is concluded that, whereas all aspects of the subject require further investigation, the study of depression is most likely to yield benefits in practice.

Jan 1, 1976

By R. M. Raymond

The Mining Section of The National Safety Council recently sent out a questionnaire to operators, regarding the class of rope used, specifications required or obtained, factors of safety observed, methods of fastening ropes, lubrication, inspection, and points observed when rope is to be discarded. The answers received from this questionnaire, largely from metal mines, give interesting information, from which recommendations for safety practice on hoisting ropes are drawn. Depth of Mine The depth in the majority of cases noted is from 1000 ft. to 1500 ft. (304 to 457 m.) and records come from a number hoisting from depths of 2000 to 3000 ft. Hoisting is generally done in balance, with a few companies using counterweights. Seldom, more than two shifts are occupied in hoisting. A number of large operators limit the shift for engineers to 6 hr. A few of the larger operators have separate hoists for men and supplies, with a higher class rope for men. The range of loads varies from 7 to 17 tons and greater in a few cases, with a balanced weight of 4 to 7 tons. Size or Drums and Sheaves The size of drums and size of sheaves are generally in accordance with recommendations of rope manufacturers. Only one-half of the operators use grooved drums; one, The Sulphide Corpn., New South Wales, uses wood-lagged drums. Very few operators have drums capable of holding all the rope in a single wrap. Cone drums or cone and cylinder drums, in the mines heard from, are very rare. A few mines of shallow depth use a small drum and large-sized sheave. While this may be allowed, and in some cases is all right, the size of drum and sheave should be fully equal to that recommended by the rope manufacturers and should be at least 60 to 100 times the diameter of the

Jan 1, 1923