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By R. C. D. Phillis

The annual mine planning process is one of the most important tactical/operational steps towards achieving strategic goals. These tactical plans are part of a very comprehensive Mineral Resource Management process, with the natural sequel to planning being execution. The execution of an underground hard rock mine plan is a multi-project environment that comprises many development-construction-equipping-stoping single project paths, which are referred to as ?stoping paths?. The uncertainty that typifies execution of projects comes in the form of untimely disruptions to constituent tasks and/or project paths. Annual mining plans also include quantified objectives for occupational health and safety, production, quality, cost, employee morale, environment, and corporate social investment. Such objectives make for a highly complex environment that management must contend with?complex in the sense that all the paths and objectives have interdependent constraints. Furthermore, at the time of this paper, Sections54*and 55**of the MHSA*** put the onus on management to ensure legislative adherence. It stands to reason that planning estimates allow excess capacity?buffers?that cushions the impact of untimely disruptions. This paper concerns the fact that despite all the buffers allowed for, time, scope, and budget creeps impact on mine planning and threaten its successful execution. As a consequence, the paper deals with buffer management, the essence of Critical Chain Project Management (CCPM). Effective buffer management provided strategic (executive level) updates without losing the tactical/operational detail necessary for job card creation, especially where professional skills and experience are in short supply. Indicative bottom-line results showed CCPM to be highly effective.

Jan 1, 2011

Council for 2003/2004 President T.R. Stacey President-elect F. M. G. Egerton Vice-presidents Senior W. H. van Niekerk Junior R.P.H. Willis Immediate Past-president S.J. Ramokgopa Honorary Treasurer J.A. Cruise

Jan 1, 2004

Council for 2004/2005 President F.M.G. Egerton President-elect W.H. van Niekerk Vice-presidents Senior R.P.H. Willis Junior R.G.B. Pickering Immediate Past-president T.R. Stacey Honorary Treasurer J.A. Cruise

Jan 1, 2005

Council for 2005/2006 President W.H. van Niekerk President-elect R.P.H. Willis Vice-presidents Senior R.G.B. Pickering Junior A.M. Garbers-Craig Immediate Past-president F.M.G. Egerton Honorary Treasurer J.A. Cruise

Jan 1, 2006

Council for 1996/97 President Dr N.A. Barcza President Elect R.P. Mohring Vice Presidents Senior J.R. Dixon Junior M.H. Rogers Immediate Past President D.A.J. Ross-Watt Honorary Treasurer J.A. Cruise

Jan 1, 1997

Council for 1999/2000 President J.R. Dixon President Elect M.H. Rogers Vice Presidents Senior Dr L.A. Cramer Junior A.A.B. Douglas Immediate Past President R.P. Mohring Honorary Treasurer J.A. Cruise Members of Council B.C. Alberts Dr N.A. Barcza N.J. Barkhuysen R.D. Beck M.J.P. Bierman Prof. A.N. Brown D. Cockcroft Dr M.B. Cortie Dr L.A. Cramer J.A. Cruise E.G. de Villiers J.R. Dixon A.A.B. Douglas F.M.G. Egerton J.P.W. Fisher C.E. Fivaz K.J.R. Ford Prof. G.A. Fourie R. Graham Dr R.G. Gürtunca Dr R.V.R. Handfield-Jones* M.C. Harris J.P. Hoffman H.E. James P.J. Knottenbelt R.P. Mohring H.G. Mosenthal G.Y. Nisbet N.M. O'Brien R.G.B. Pickering Prof. R.P. Plewman S.J. Ramokgopa Prof. R.E. Robinson M.H. Rogers D.A.J. Ross-Watt Prof. R.F. Sandenbergh Dr H. Scott-Russell C.B. Sheppard D.A.A. Smith Dr T.R. Stacey Dr O.K.H. Steffen D.J. van Niekerk J.C. Viljoen J.N. Wallington

Jan 1, 1999

Council for 1999/2000 President M.H. Rogers President Elect Dr L.A. Cramer Vice Presidents Senior A.A.B. Douglas Immediate Past President J.R. Dixon Junior S.J. Ramokgopa Honorary Treasurer J.A. Cruise

Jan 1, 2000

Council for 1999/2000 President M.H. Rogers President Elect Dr L.A. Cramer Vice Presidents Senior A.A.B. Douglas Junior S.J. Ramokgopa Immediate Past President J.R. Dixon Honorary Treasurer J.A. Cruise [ ] Annual report In accordance with the current management policy, this report on the activities of the Institute is presented under eight main headings: 1. Interests of Individual Members 2. Technical Meetings 3. Publications 4. Regional Development 5. Engineering Science and Technology in South Africa 6. International Liaison 7. State Liaison 8. Management and Administration.

Jan 1, 2001

Council for 2001/2002 President A.A.B. Douglas President-elect S.J. Ramokgopa Vice-presidents Senior F.M.G. Egerton Junior Prof. T.R. Stacey Immediate Past-president Dr L.A. Cramer Honorary Treasurer J.A. Cruise

Jan 1, 2002

Council for 2002/2003 President S.J. Ramokgopa President-elect T.R. Stacey Vice-presidents Senior F.M.G. Egerton Junior W.H. van Niekerk Immediate Past-president A.A.B. Douglas Honorary Treasurer J.A. Cruise

Jan 1, 2003

[COUNCIL FOR 1991/92 President R.D. Beck President Elect JP. Hoffman Vice Presidents Senior Junior Dr H. Scott-Russell J.A. Cruise Immediate Past President Honorary Treasurer H.G. Mosenthal J.A. Cruise Members of Council Dr N.A. Barcza G.A. Brown B.R. Broekman Prof. RJ. Dippenaar B.R. Fleetwood* J.S. Freer P.R. Janisch P.J. Knottenbelt Dr J. Lurie R.P. Mohring *Co-opted K.C. Owen P.D.K. Robinson D.A.J. Ross-Watt P. Smith K.A. van Gessel DJ. van Niekerk P. van Schaardenburgh* CJ.C.J. van Vuuren* P.M.T. White]

Jan 1, 1992

COUNCIL The following served on Council during the year under review: Office bearers: Messrs V. C. Robinson (President), Prof D. D. Howat and Dr J. P. Hugo (Vice-Presidents), J. K. E. Douglas (Immediate Past President) and D. G. Maxwell (Honorary Treasurer). Ordinary Members of Council: Dr M. G. Atmore, Dr J. M. Bereza, H. P. Carlisle, W. W. Malan, C. E. Mavrocordatos, Prof R. P. Plewman, Dr R. E. Robinson, Dr M. D. G. Salamon, P. W. J. van Rensburg, L. W. P. van den Bosch, P. A. von Wielligh. Branch Chairmen: J. Meintjes, J. M. Meyer (Acting), J. N. Saunders (Retired). Past Presidents serving on Council: R. J. Adamson, M. Barcza, H. Britten, R. C. J. Goode, P. Lambooy, Prof J. de V. Lambrechts, Dr J. T. Mclntyre, J. F. Reid, H. Simon. Ten Council meetings were held during the year with an average attendance of eighteen and the standing committees held forty-six meetings. FINANCE The annual accounts, which are attached to this report, show an excess of income over expenditure of R5 051 compared with an excess of expenditure over income last year of R4 608. This major reversal of fortunes is due in the first instance, of course, to the increased subscriptions. There were, however, other important contributors, particularly sales of the Proceedings of the Symposium on Open Pit Mining and profits on the operation of symposia and colloquia. It would appear from a study of the accounts that there has been a substantial drop in expenditure on secretarial fees. In actual fact, however, our total expenditure on secretarial fees was higher. A portion of this expenditure was charged against the administration of the Symposium on Open Pit Mining and, in addition, the charge against the Journal accounts for secretarial fees was increased. It will be recalled that in last year's annual report it was mentioned that subsequent to the new arrangement for publication of the Journal, the expected improvement in the finances of the Journal had been slow in materialising. After a total period of 18 months there was still no sign of improvement and it was accordingly decided to end the arrangement. As a result, the drain on the finances of the Institute was considerably lessened in the second half of the year. During the course of the year Council became concerned about the rapid depletion of our accumulated funds and gave careful and detailed attention to all aspects of the Institute's financial affairs. Particular attention was given to: 1. The fact that the Institute does not have a solid financial backing and must appeal for funds every time any special event such as a symposium is held. 2. The responsibilities of the Institute to the profession and the community, with particular reference to the desirability of establishing Institute bursaries and participating in other educational activities. 3. The rapidly rising cost of living. 4. The immediate financial position of the Institute. 5. The rapidly increasing cost of publishing the Journal due to the increasing number of papers available. In the meantime the immediate financial position of the Institute has improved but as this is due largely to non-recurring or irregular items of revenue, it should not be given undue weight. After careful consideration it was decided that an appeal should be made to industry for financial assistance, which would be used to cover the cost of symposia and other unusual expenditure and also, if possible, to build up the capital resources of the Institute so that there is a solid foundation for the future. Before appealing to industry, Council wished to be quite certain that there could be no criticism of the Institute for not having done our best in a personal capacity. Furthermore, Council examined many comparative statistics, including those circulated to members, which showed that, while expenditure per member has risen at an average annual rate of 7,5% over the last fifteen years, subscription revenue per member has risen at only 3,4% per annum. It was with this background that your Council decided to raise the subscriptions. Initial approaches have been made to the big mining groups and there has been a very generous response, although the details of how financial assistance will be provided have not yet been worked out. It seems likely that some form of affiliated company membership will be the most suitable method of achieving this. When these details have been fixed, it is the intention to extend the appeal to all corners of the mining industry as well as manufacturing and metallurgical industries. It is believed that these measures will ensure that the finances of the Institute are placed on a firm foundation on which the expanding activities can be planned. The MacArthur Forrest Memorial Fund shows an excess of income over expenditure of R73 and the total fund was, therefore, increased by this amount to R4 411. The balance sheet shows that the market value of quoted shares and debentures increased during the year fron R6 540 to R9 160. The market value is now almost exactly the same as the book value. Accumulated funds now amount to R23 010 compared with R17 959 a year ago.

COUNCIL AND STANDING COMMITTEES, 1974-1975 Office Bearers : Prof. R. P. Plewman (President), Dr R. E. Robinson and Dr M. D. G. Salamon (Vice Presidents), J. K. E. Douglas (Honorary Treasurer), and P. W. J. van Rensburg (Immediate Past President). Elected Members of Council: Dr M. G. Atmore, E. Collier, G. H. Grange, Dr P. R. Jochens, Dr D. I. Legge, D. G. Malan, C. T. Shaw, L. W. P. van den Bosch, D. A. Viljoen, H. M. Wells, P. A. von Wielligh. Branch Chairmen: B. T. Hosking (Witbank-Middelburg Branch), D. A. Smith (Orange Free State Branch). Past Presidents Serving on Council: R. J. Adamson, M. Barcza (until May 1975), H. Britten, H. E. Cross, Prof. J. de V. Lambrechts (until December 1974), R. C. J. Goode, Prof. D. D. Howat, Dr J. P. Hugo, D. M. Jamieson, D. G. Maxwell, Dr J. T. McIntyre, V. C. Robinson. Ten Council meetings were held during the year, with an average attendance of 19, and the standing and sub-committees held 74 meetings. COMMITTEE CHAIRMEN Membership, Dr M. D. G. Salamon; Technical Programme-Metallurgy, D. A. Viljoen; Technical Programme-Mining, G. H. Grange ; Vacation School-Metallurgy, Dr P. R. Jochens; Vacation School-Mining, Dr M. D. G. Salamon; Awards, Prof. R. P. Plewman; Excursions, Dr D. I. Legge; Constitution, Rules and Policy, P. W. J. van Rensburg and Prof. R. P. Plewman; Mines and Works, P. A. von Wielligh; Education, P. W. J. van Rensburg. REPRESENTATIVES ON OTHER BODIES Associated Scientific and Technical Societies Members: V. C. Robinson and Prof. R. P. Plewman. Alternates : Dr R. E. Robinson and Dr M. D. G. Salamon. Federation of Societies of Professional Engineers Members : J. K. E. Douglas and P. W. J. van Rensburg. Alternates : Prof. R. P. Plewman and G. H. Grange. South African Council for Professional Engineers Member : R. C. J. Goode. Alternate : G. H. Grange. Engineers' Liaison Committee (Pretoria) Member: Dr J. P. Hugo. Alternate: P. W. J. van Rensburg. MEMBERSHIP Thirteen Fellows, seventeen Members, eleven Graduates, three Associate Members, eighteen Associ¬ates, twenty-six Students, and one Company Affiliate were elected during the year. Nine Fellows, four Members, and three Associates were admitted to retired membership. Eight Fellows were elected to Honorary Life Membership. Three Members and one Graduate were transferred to Fellows, nine Graduates and two Students to Members, six Students to Graduates, one Student to Associate, and one Associate to Associate Member. Six Fellows, ten Members, three Associates, and one Student resigned. A statement of membership as at June 30th 1975 and the end of the previous year is shown in the following tabulation: 30th - 30th June, - June, 1974 - 1975 Honorary Life Fellows - 9 - 15 Honorary Fellows 8 - 8 Life Fellows 170 - 170 Fellows 544 - 536 Members 512 - 523 Associate Members 10 -15 Graduates 130 - 133 Associates 194 - 210 Students 173 -175 Company Affiliates 70 - 71 1 820 - 1 851 [ ] OBITUARIES Your Council records with deep regret the death during the year of the following members: M. Barcza, Honorary Life Fellow and Past President of the Institute; J. A. Boyd, F. E. Keep and J. H. Taylor, Life Fellows; I. D. B. Corner, C. O'G. Deane, R. E. Gilmour, A. C. Hofmeyr, M. W. Howell, T. J. Robin and F. C. Steinhobel, Fellows; J. J. Frankel, Member; T. J. Higgs, Associate. FINANCE The annual accounts, which follow this report, indicate that income again exceeded expenditure by a margin of R21 410 (last year R28 524). This year's income of R71 184 showed a further increase compared with last year's figure of R55 025. Costs, however, also in¬creased, and it is calculated that, excluding non-recurrent costs, the cost of running the Institute in¬creased by R6 654 from R25 501 to R33 155 for the current year. The main increases were involved in secretarial fees, stationery and print¬ing, and in publication of the Journal. All indications are that costs will continue to rise, and we have been advised that the A.S. & T.S. will be increasing their secretarial fees by 25 per cent in the year ahead to meet their rising costs. This year's surplus was derived entirely from the revenue from sales of publications (R13 644) and a surplus from the 1974 Winter School (RIO 654). There can be no certainty that revenue from these sources can be repeated each year. Our funds are in a satisfactory position because of these worth¬while activities, but the administrat¬ion of the Institute should not de¬pend on them. Council will accord¬ingly have to give consideration in the year ahead to an upward adjust¬ment of subscriptions to meet rising costs.

Jan 10, 1975

Your Council has pleasure in submitting its report for the year ended 30th June, 1970. COUNCIL The following served as Office Bearers during the year under review: Messrs J. K. E. Douglas (President), V. C. Robinson and Prof D. D. Howat (Vice-Presidents), R. C. J. Goode (Immediate Past President) and D. G. Maxwell (Honorary Treasurer). Members of Council: Mr. R. J. Adamson, Dr. M. G. Atmore, Mr M. Barcza, Dr J. M. Bereza, Messrs H. Britten, H. E. Cross, A. R. C. Fowler, G. W. Holl, Dr J. P. Hugo, Messrs N. A. Honnet, P. Lambooy, Prof J. de V. Lambrechts, Mr C. E. Mavrocordatos, Dr J. T. McIntyre, Messrs J. Meintjies, T. C. A. Meyer, J. A. Nixon, Prof R. P. Plewman, Dr R. E. Robinson, Messrs J. F. Reid, H. Simon and P. W. J. van Rensburg. Ten Council meetings were held during the year with an average attendance of seventeen and the standing committees held 45 meetings. FINANCE The annual accounts, which are attached to this report, show an excess of expenditure over income of R4,608 compared with R2,124 last year. This deterioration can be attributed largely to two important factors, namely an increase in secretarial fees of RI, 789 and an increase in the loss on the Journal from R2,343 to R3,508. In addition, our contribution to the expenses of the Federation of Societies of Professional Engineers increased by R607 from R549 to R1,156. The increase in secretarial fees is partly due to our increased demand for services and partly to increased salaries. In order to maintain its essential services it has been necessary for the A.S. & T.S. to increase salaries in order to keep pace with commerce and industry. With regard to the Journal, we did not expect immediate dramatic results from the changes that were effected as from the beginning of last year in the arrangements for publication. However, the improvement has been even slower in materialising than we expected. This situation is being watched carefully and we will not hesitate to make further changes if necessary. It became clear early in the year that the financial position was deteriorating and your Council decided that it was essential to meet the situation by raising subscriptions and entrance fees. At the same time it was decided that there are no grounds for a distinction between Town and Country members and that in future the scale for the compounding of subscriptions should be based on anticipated future membership, rather than past membership. These changes have had only a minor effect on the accounts under consideration. The MacArthur Forrest Memorial Fund shows an excess of income over expenditure of R132 and the total fund was, therefore, increased by this amount to R4,338. The balance sheet shows that the market value of quoted shares and debentures decreased during the year from R13,059 to R6,567, while accumulated funds now amount to R17,959 compared with R22,567 last year. It will also be noted that we are holding R25,844 on behalf of the Symposium on Opencast Mining. MEMBERSHIP Twenty-eight Fellows, twenty-four Members, seventeen Graduates, twenty-five Associates and twenty-seven Students were elected during the year. Four Members were admitted to Life Membership; Five Members were transferred to the grade of Fellow; one Student was transferred to the grade of Member; two Graduates and one Student were transferred to the grade of Member; six Students were transferred to the grade of Graduate; One Associate was transferred to the grade of Fellow; One Associate was transferred to the grade of Graduate. One Fellow, one Member, six Graduates, four Affiliates and ten Students were removed from the Membership Roll in terms of by-law 7.7.1. Your Council records with deep regret the death during the year, of the following: R. A. H. Flugge-de-Smidt, C. S. McLean, Dr H. J. van Eck, (Honorary Life Fellows), J. C. Humphreys, O. Lazar (Life Fellows), D. G. Beadle, J. G. Craig, P. U. Fisher, R. G. McConnell, J. H. Moore, S. Sterling, L. R. Ulyate (Fellows), H. H. Burger, E. A C. Dickson, R. Jack, S. Ring (Members), M. J. Worrall (Graduate). A comparative statement of the membership as at 30th June, 1970, and the end of the previous year is shown in the following tabulation: 30th June 30th June Honorary Life Fellows 10 8 Honorary Fellows 6 6 Life Fellows 189 191 Fellows 514 530 Members 448 465 Graduates 68 80 Associates 155 172 Students 162 161 1,552 1,613 RECLASSIFICATION OF MEMBERSHIP The designations of grades of membership were altered to accord with the practice in professional institutes both here and overseas and members were advised of the new classifications. MEMBERSHIP DRIVE A committee was established to organise a drive for membership as it was felt that there are numbers of persons in our mining and metallurgical industries who are not yet members but who qualify for membership. Members of the committee were allocated responsibility for campaigning in sections of industry and for publicising the aims, objectives and advantages of belonging to the Institute.

The Council of the Institution of Mining and Metallurgy submitted the report of the affairs of the Institution for the session 1970-71, and the Statement of Accounts for the year ended 31 December, 1970. The statistics given in the report refer to the calendar year 1970. Details are included of membership, officers, representation on other bodies, honours and distinctions, awards, meetings, publications, library, overseas activities, fellowships and grants, the revenue and expenditure account, the balance sheet, trust fund balances, contributing companies, and schedule of investments

Dec 1, 1971

ANNUAL meeting of the Woman's Auxiliary of the American Institute of Mining and Metal-lurgical Engineers convened on Tuesday morn-ing, Feb. 20, the president, Mrs. H. W. Hardinge, presiding. President Hardinge, in opening the meet-ing, said: "I have the honor and great pleasure to welcome you to our seventh annual meeting. It has been a happy year, though I started in fear and trembling. My fear is partly gone and my trembling becomes less as time goes on. Never has a chairman had such splendid cooperation and harmony in her work; no. matter how much was asked nor what the task, I have always received the same answer, `We are with you, of course we can do it.' Often the road has been untried and the way full of snares, but we have all pulled together. Is it any wonder we have had a prosperous year? I cannot thank the governing -board and officers enough for their help." Mrs. Hardinge described her trip through the West last summer, during which she visited many of the local sections of the Auxiliary. She also spoke of the work of the Rossiter Raymond memorial library which has been started as an activity of the Woman's Auxiliary. Mrs. Reynders read the minutes of the last annual meeting, and Mrs. Kemp read the treasurer's report. The latter showed that on Feb. 1, 1922, there was a bank balance of $683.61 and on Feb. 10, 1923, the bal-ance was $947.93. Mrs. Westervelt expressed the sorrow of the Auxiliary for the death -of Mrs. Florence Howe Hall and of Mrs. Levi P. Holbrook.

Jan 4, 1923

By John F. Barkley, J. W. Woomer, H. F. Yancey, H. B. Charmbury

The coal picture in 1955 was much brighter than in 1954, when the tonnage produced dropped to the 1939 level. Bituminous coal and lignite production are expected to approach 465 million tons, against 392 million tons in 1954, an increase of about 19 pct. On the other hand, the production of anthracite declined about 7 pct to some 25 million tons. There was marked improvement in coal consumption in all industrial lines except railroads. At the end of November 1955 the largest consumer, electric power utilities, had used about 126 million tons, an increase of some 22 million tons over the previous year. Coke-oven consumption increased about 19 million tons and coal coked in beehive ovens increased about 1.5 million tons, due to heavy coke

Feb 1, 1956

By Robert C. Stephenson

In 1954, a year when general industrial production declined, it is significant that industrial mineral products continued in high demand. Phenomenal growth of the cement industry, increase in filler-fibre markets such as for asbestos and diatomite, expansion of the gypsum industry, and the increasing production of agricultural raw materials all illustrate the vitality of industrial minerals fields. Pioneer development of new industrial raw materials-wollastonite as a current example-requires keen foresight, hard work, and tremendous intestinal fortitude. The present-day requirements of industry for rigid quality control and uniformity of raw materials have resulted in highly specialized

Jan 3, 1955

By Hugh Steele, Brower Dellinger

U. S. mining trends for 1956 continued steadily U+ S. uphill, technique and equipment advanced with the pull, and exploration and development of once mined districts attracted more attention than new areas. Expansion of the Ambrosia Lake district in New Mexico more than doubled known uranium ore reserves, and production began from several of the large new ore discoveries. In Canada the up trend was more spectacular, especially in exploration and development. To combat increasing problems arising from high labor costs, taxes, low grade orebodies, and dwindling discoveries, manufacturers and mining companies have continued to introduce new techniques and new products-reamer bits for enlarging small holes drilled by jacklegs, whup d'whups for drift mucking, Cryderman machines and over-the-head small crawler-type machines for shaft mucking, the 20-ton TL 220 four-wheeled tractor trailer unit for underground haulage, inertia-type dust collectors, roof bolting in conjunction with chain link fencing for wall support, wooden roof bolting using compression support of ground for wall support, and new one-use carbide bits.

Jan 2, 1957

By E. D. Attanasi, M. W. Bultman

Most statistical measures of mineral exploration continued downward in 1986. Prospects in 1987, however, appear to have brightened for exploration as the overall economic health of the mineral industry improved. The Society of Economic Geologists (SEG) survey of US and Canadian firms documents the marked decline in US mineral exploration since the early 1980's. From 1981 through 1986, the total exploration expenditure by US firms declined by more than 73% (Fig. 1). Exploration expenditures by US firms declined by 66%%. US based professional exploration staffs were slashed by 70% (Fig. 2). Also, many firms have written off some reserves because of weak markets or have not delineated new reserves to replace production. The Canadian government reported that between 1981 and 1986 Canadian molybdenum re¬serves had declined by 30%, lead and zinc reserves by 20%, and nickel and copper reserves by 15%. The SEG survey also shows the immediate impact of the decline in the dollar on US exploration expenditures abroad. Between 1981 and 1986 the share of the exploration dollar spent by US firms outside of the country declined by nearly one-half and exploration acreage abroad declined by 69%. The downward trend of the last six years may finally be near the end as a leaner and more efficient minerals industry starts to gear up for a period of increased activity. An industry survey reported to Mine Development Bimonthly (Metals Economics Group) indicates that mining firms were expected to increase exploration expenditures in 1987 by at least 10% above 1986 levels. Worldwide expenditures for 1987 by companies covered by the report were expected to top $800 million. It is the first time since 1984 that an increase in exploration expenditures was expected. Also, the US Bureau of Land Management reported a 30% increase in new mining claims for fiscal year 1987 over fiscal year 1986. The bulk of the increase in claims was in states having intense gold exploration, particularly Washington and Oregon. Much of the optimism is undoubtedly due to the increases in metal prices that occurred in 1987. Some of these increases include gold, average price up about 20%; copper, average price up 24%; aluminum, average price up 26%; and nickel, average spot price up 20%. The SEG survey shows precious and base metals accounting for 89% of the exploration expenditures in the US in 1986, up 52% from 1981. The US Bureau of Mines estimates that 80% of US exploration activity in 1986 was directed entirely at gold (1986 Minerals Yearbook). Worldwide exploration plans indicate the continued dominance of gold exploration. New programs were announced for Ghana, Malaysia, and Indonesia. Major new exploration programs were also launched for lead-zinc sulfides in Morocco, platinum and palladium in northwest Brazil, rare earth minerals in Greenland, diamonds in Indonesia, and heavy minerals off-shore Australia. Significant gold discoveries were made at Angels Camp in Oregon; South Africa, near Potchestroom; India, in the Chitradgra district; Northern Ireland near Mt. Speerin; Chile, San Cris-

Jan 5, 1988