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By Douglas Glenn Stalheim

Hot strip structural steel coil used in construction, engineering, transport, structural applications and other applications are widely used in yield strengths from 300 – 700 MPa. However, structural design engineers are now not only requiring various strength levels but also other mechanical properties, primarily good formability, toughness and weldability. To produce a balanced approach to a cost effective structural steel, hot strip coil requires an understanding of utilization of an optimized alloy composition designed for the layout/equipment capabilities of a given hot strip mill to produce the desired metallurgy for optimum mechanical property performance. The term “cost effective” does not just focus on alloy design, but also ease of overall processing from steelmaking, casting, rolling and cooling, stable mechanical properties with a statistically normal distribution, no downgrades/rejections and a product that the end user recognizes as being superior to others. The desired metallurgy is simply understanding what will be the optimum microstructure and cross sectional grain size/distribution needed to meet the mechanical property requirements. This paper is a follow up paper that previously described optimum base alloy designs along with steelmaking/casting processing considerations and will focus on proper reheating, rolling and cooling metallurgy/processing strategies to produce quality cost effective hot strip structural steel coil.

Aug 17, 2017

APPROXIMATELY 90 per cent of the steel that is melted and refined in the United States and poured into ingots is made in basic open-hearth furnaces, as shown in Table 1-1. The annual ingot capacity of the steel industry reported January 1, 1950, by the American Iron and Steel Institute3* was 99,040,160 tons, of which the basic open-hearth process accounted for 85,896,580 tons, 86.7 per cent of the .total. The capacity of the individual furnaces varies over a wide range, a large majority falling within limits of 50 to 200 tons (Fig 1-1). Most of the units constructed [ ] since 1942 are in the larger size groups, between 175 and 225 tons capacity.

Jan 1, 1964

By R. L. Bowron

GROWING use of basic slag in the agricultural industry is of special interest and importance to the iron and steel industry of the Birmingham district, providing an increasing outlet for this by- product. Such use of basic slag was first developed in England about fifty years ago where it soon became wide- spread. About twenty years ago the Tennessee Coal, Iron & R. R. Co. began its production in the United States after exhaustive tests had demonstrated its high value here as in Eng- land. It is particularly valuable on heavy clay and acid soils, improving their physical condition, increasing their alkalinity where that is desirable, and providing soluble phosphate and small amounts of manganese to soils deficient in these respects. Its use in agriculture is growing as its advantages are becoming more widely known.

Jan 1, 1937

By C. D. King

THE advances in basic open-hearth practice which have occurred during the past decade, have been principally in the direction of the physical development of larger units, decreased fuel consumption and increased length of furnace campaigns. However gratifying the economies which have resulted from these improvements are, it must be granted that like advances in chemical, physical-chemical and metallurgical knowledge pertaining to open-hearth practice would have added greatly to these already attained reductions in costs and it is the purpose of this paper to stimulate the discussion and study of these phases of cooperation and their relation to ingot yields. DEFINITION AND CALCULATION OF LOSSES In discussing basic open-hearth yields, the writer refers to the ingot yields obtained in the process of converting pig iron, scrap and ore to steel. In this conversion some scrap is produced. The difference between the total weight of ingots and scrap produced and the original metallic charge, constitutes the loss. Basic open-hearth yields vary considerably, and while some of the divergencies can be explained metal-lurgically because of differences in slag analysis, proportion of pig charges, and character of steel made, there often remain differences that apparently do not readily disclose themselves. In reconciling yields by the usual accepted methods of calculation, one is often forced to evaluate large losses as "unaccounted for." Such a system is prone to accept these large losses as inherent to the operation and not susceptible of appraisement and correction. It is obvious that if the ingot yield, plus the scrap recovered subtracted from 100 per cent. determines the loss, a drop in yield may increase the loss or the scrap, and both contribute to a monetary loss. To be sure, one can subdivide these unaccounted for losses into various components, such as metallics in slag, free Fe in slag, spillage, etc., and thereby reduce the amount of losses considered as "unaccounted for." If empirical methods could indicate with some degree of accuracy all losses, however slight, the undetermined losses become appreciably smaller and resultant calculations will check actual

Jan 1, 1929

Basic Oxygen Steelmaking (B.O.S.) commenced in Australia in December, 1962. Two 200-ton furnaces were installed initially at Newcastle with a 50-ton furnace coupled to a continuous casting machine added in 1967. In 1965, two 100-ton furnaces were installed at Whyalla plant and two 225-ton furnaces are nearing com- pletion at Port Kembla to commence oper- ations in 1972. Plant layouts in each centre differ due to changing circumstance and increasing knowledge of the B.O.S. process since 1962. Raw materials are a most important factor for good operation of the process. Most materials come from within Australia but some are imported. General operating practices are similar in each plant, although treatment of fume at Port Kembla will be by the OG (Oxygen Converter Gas Recovery) Process as against electrostatic precipitators in Newcastle and Whyalla. Special alloy steels as well as plain carbon steels can be made by the B.O.S. process. Production potential of the process in Australia has yet to be fully utilised with 45 per cent of steel production coming from B.O.S. In 1971.

Jan 1, 1972

Gullies are the vital in-stope excavations that provide access for mining personnel and material to, and mined ore from, the producing faces in the tabular hard rock mines. They pose a serious problem in most mines because they induce stress orientations, which, combined with blast damage, produce adverse rock fracture patterns that contribute to the loss of hangingwall and sidewall integrity. Rock-related injury statistics confirm this by highlighting gullies as the second-highest risk area in South African hard rock mines. Inappropriate gully geometries, poor blasting practice, and non-adherence to accepted standards worsen the problem. The aim of this work is, firstly, to provide guidelines to select the correct gully geometry and appropriate support for a particular geotechnical environment and, secondly, to review the practical issues behind gully safety and stability. In order to meet these aims, this paper reviews the available literature on gullies and their history, and reports on an industry-wide survey of practices and opinions. Then it covers observations from underground visits to 107 gullies situated in the respective geotechnical environments of the Basal Reef, Beatrix Reef, Vaal Reef, Carbon Leader Reef, Ventersdorp Contact Reef, Kimberley Reef, Kalkoenkrans Reef, Merensky Reef, and UG2 Reef. Despite the differing geotechnical conditions and gully geometries, common problems are experienced with geological structure, stress, and fracturing. Results from numerical modelling are also presented to help analyse the underground observations and to quantify the merits of the different gully layouts. It is concluded that there are no new techniques available to improve gully stability, but that significant improvements in safety are attainable by employing the correct gully geometry for the geotechnical environment, good blasting practice, and appropriate support.

Jan 1, 2002

By Theodore Simons

The rapid and comparatively recent development of flotation has opened so fascinating a field for study and research that the older processes of gravity concentration no longer receive the attention they deserve. The early work of Munroe1 and Richards,2 and the more recent contributions by Clevenger and Coe,3 Laist and Wiggin,4 Ammon,5 Bardwell,6 Crowfoot,7 and Hayden8 to mention only some which have appeared in our own Transactions-and by Schulz,9 have furnished so much data that to offer something new seems a difficult task. It is still possible, however, to present known facts from a different point of view, and, with this in mind, the writer has undertaken to express basic principles of gravity concentration in terms of simple mathematics and mechanics; the conclusions thus reached will be found to correspond, in general, with those obtained by experimental methods. Rittinger, in his classic Aufbereitungskunde (1867), reached analogous conclusions by way of intricate higher mathematics, for which reason his interesting investigations have remained a sealed book to most of us. The writer hopes that a more elementary treatment of the subject, based in part on Rittinger's methods, may, arouse new interest in the study of basic principles.

Jan 7, 1922

By Kimio Itagaki

Thermodynamics and rate process fundamentals are two of the important principles involved in nonferrous production processes. The process configuration establishes whether thermodynamics or rate process behavior is most relevant in a particular application. In this paper, thermodynamic theory and rate process fundamentals are used to analyze the main characteristics of smelting and converting processes. The effect of increased oxygen potential .is examined with emphasis in view of the increased use of highly oxygen-enriched gas in modem smelting processes. Phase equilibrium and the distribution of minor elements between copper or nickel matte and FeOx-SO2- or FeOx-CaO-based slag are reviewed. The use of oxygen-rich gas has no serious effects on 'the recovery of valuable copper and silver in the matte phase, while the recovery of nickel and cobalt is adversely affected. The oxygen content in the gas also strongly affects the distribution behavior of arsenic, antimony and bismuth. Analysis of the rate processes occurring in the shaft of flash smelting, and converting furnaces by a 3-D computational fluid-dynamics model is also discussed. After being validated with experimental data collected in a large laboratory furnace, the computer model has been used to simulate the main features of an industrial flash converting operation. The results present quantitative features of the improved mixing of the particle-gas suspension and increased oxygen efficiency obtained with a distributor-cone burner compared with those with a single axial entry burner. The role of basic principles in the engineering analysis of high-intensity matte smelting processes is also discussed.

Jan 1, 2002

By Selmar A. Oliveira

"Safe mine closure is an important step in the mining lifecycle. Plans for safe and efficient closure should begin at the inception of mining. Ideally, closure occurs when the reserve has been depleted. However, when the abandonment of a mine occurs prior to the depletion of the reserve, several problems arise which need to be treated. This situation occurred at Verdinho Mine, located in the state of Santa Catarina, southern Brazil. Verdinho Mine is a coal mine that operated for more than 40 years without had backfill technologies applied. Soon before the exhaustion of the reserves, it was abandoned by the owners without proper closure. As a result, the Federal Public Ministry filed a public civil action to promote proper closure. Several parties are currently involved, including the National Department of Mineral Production (DNPM), the mining regulator of the Brazilian Government. To meet the judicial determination, a cooperation agreement was initiated between DNPM and the Federal University of Rio Grande do Sul (UFRGS) to identify and to monitor parameters which could result hazard due flooding mine, to model the various conditions to minimize the impact of flooding caused by total abandonment. Many processes must be planned and planned early in mining operations, and these processes must be performed over the life of the mine. Financial resources must be guaranteed by a specific fund fueled by operating revenues. When these resources are not properly employed, costs and technical difficulties prevent proper closure progress. If the removal of subsoil equipment, treatment and control of groundwater, regeneration of the surface, and closure of openings are not done correctly, there can be environmental, social, and stability impacts over time. To avoid this in the future, a detailed study is being performed at the Verdinho Underground Coal Mine on how to appropriately implement mine closure and monitoring procedures. This study is being conducted in response to a lawsuit filed by the Federal Public Prosecutor’s Office. INTRODUCTION The nature of the Mining Industry is such that all mining is a temporary activity, where the operational life of a mine is defined by the final project scope. The operating life of a mine lasts from a few years to several decades. Mine closures occur once the mineral resource at a working mine is exhausted, or operations are no longer profitable. Mine closure plans are required by most regulatory agencies worldwide, such as the Mineral Production National Department (DNPM) in Brazil."

Jan 1, 2017

RAYMOND M. Howe (author's reply to discussion*).-Dr. Unger states that magnesite will hardly supersede dolomite in fettling after a heat; that it is hard to believe a slag composed of oxide of iron containing about 6 per cent. of phosphorus is the active corroding, agent in a boil in a furnace; and that boiling cannot be said to be the result of the chemical action of a high-phosphorus slag on a basic bottom. These are well-established facts that no one would venture to question. The authors were misinterpreted in the statement that "in the summary, it is claimed that magnesite low in lime, or of greatest purity, ranks first in resistance to slaking," etc. On the contrary, the position has been taken throughout that while a low lime content is advantageous, the presence of several per cent. of iron oxide (an impurity), is necessary in order to confer the proper bonding and sintering properties in dead-burned grain magnesite to be used for furnace hearths. We cannot subscribe to the view that pure magnesia is no better fitted for a refractory than pure lime,' nor that the pure natural varieties of magnesite; such as Grecian or Washington, must necessarily be burned with silica and oxide of iron to produce a satisfactory material. On a small scale, pure magnesia has been satisfactorily used as a refractory in the form of crucibles. In the production of dead-burned grain magnesite from the Grecian or Washington mineral, iron oxide is added but the addition of silica is neither customary nor desirable. It is possible to manufacture brick of good quality from both the Grecian and the Washington material without adding either silica or iron oxide, providing they are burned at a sufficiently high temperature. This is regularly done on a commercial scale both in America and abroad when brick of. exceptionally high refractoriness or special purity are desired. The following analysis is of an English brick of Grecian magnesite which is extremely low in all impurities.1

Jan 6, 1919

By F. E. Lathe

RECENT events have emphasized with renewed force the well known fact that war greatly intensifies the demand for certain metals, particularly for iron, copper, and zinc. Any increase in the use of iron and steel, whether in war or peace, is also accompanied by increased consumption of those metals which find their chief application as ferro-alloys, such as nickel, chromium, manganese, molybdenum, tungsten, and vanadium. Further, since high temperatures are essential for the production of all these metals, activity in the metal industry is inevitably accompanied by an insistent demand for refractories. For example, in North American practice the consumption of magnesitic hearth refractories is frequently expressed in pounds per ton of steel. This quantity (not including straight dolomite) ranges on individual plants from about 7 to 12 pounds. When the industry is operating at approximately full capacity, the ratio of refractory to steel tends to increase, since the tonnage of steel produced is recognized as of paramount importance, and this leads to the harder driving of furnaces and less regard for the effect on refractories. It should also be observed that the cost of refractories per ton of metal produced is always so low, in comparison with other items, that it may even increase while the cost of metal per ton is being reduced through more continuous operation and the use of higher temperatures. As one prominent Canadian copper metallurgist has tersely expressed it, he is "not in business to save refractories but to smelt ore". The effect of war demands and of general industrial activity upon the production of basic and neutral refractories is clearly shown in Figure 1, which gives the value of chrome ore and magnesitic-dolomite produced in Canada during the period 1907 to 1937. Tonnages have not been shown, as these are not available for the full period; such figures as have been published from time to time are not strictly comparable, since both raw rock and finished products have on occasion been included. The preliminary figures for 1938, which are now available, have been prepared by the Dominion Bureau of Statistics on a different basis from those immediately preceding, and have therefore not been shown.

Jan 1, 1940

By Lv Guozhi, Niu Liping, Liu Yan, Zhao Qiuyue, He Jicheng, Zhang Ting’an, Dou Zhihe

"This paper proposed a new method of Mg and Cl2 circulating for titanium sponge production by direct pyrolysis and thermal reduction process. Effects of pyrolysis temperature, pyrolysis time and partial pressure of oxygen on pyrolysis efficiency were researched, and the crystallite structural transformation of MgO productions at different pyrolysis temperature and time were analyzed by XRD. The experimental results indicates that the pyrolysis temperature and time effects the pyrolysis efficiency obviously, and the reasonable pyrolysis conditions by using MgCl2 in molten state are as follows: the pyrolysis temperature is 1100?, pyrolysis time is 60min and the partial pressure of oxygen is 100%, the pyrolysis efficiency get above 95% at this conditions. The dynamic analysis of molten magnesium chloride pyrolysis reaction shows that, as a chemical reaction process control, the response of the apparent activation energy Ea=70.4 kJ/mol.IntroductionTitanium is a young metal, it is applied in industrial until the Second World War. It is 160 years from the discovery of titanium to the industrial production of ductility titanium by magnesium reduction method in the United States in 1948. As a new kind of metal, titanium and titanium material are better than the traditional metal materials in mechanical properties, heat resistance and thermal conductivity. Titanium is a kind of landmark structure and function material, which is called “space metal”, “Marine metal”, “Intelligent metal” [1-3]. Although the study of new methods of titanium melting get more at present, Kroll method and Hunter method are really applied to industrial production methods for titanium smelting, and Hunter method is already discontinued because of costs at present. The core technology in Kroll method of sponge titanium production process can be ome down to two circulation, namely the cycle of magnesium and chlorine in preparation-process of titanium sponge. In the traditional Kroll method, the cycle is realized through magnesium chloride which is produced by the electrolytic magnesium reduction process in hot molten state. But because investment of equipment for electrolysis method is too high, this method has not been used by most titanium sponge production enterprise in China. At present most titanium sponge production enterprise in China produce titanium sponge by the outsourcing of titanium tetrachloride, but the main disadvantage of this method is that the by-product of magnesium chloride is difficult to deal with."

Jan 1, 2012

By Lv Guozhi, Ren Xiaodong, Liu Yan, Dou Zhihe

"This paper investigated a new desulfurizer, dolomite and ferrosilicon. Magnesium vapor produced by silicothermic reduction of dolomite and ferrosilicon in an immersion tube of molten iron was injected into the molten iron by carrier gas through the underpunch of the tube and desulfurization reaction occurred. In order to explore the desulfurization process of molten iron by the new desulfurizer, the thermodynamics, and experiments of magnesium vapor production and desulfurization have been studied. Through thermodynamic calculation, the reaction temperature of magnesium vapor production by 75ferrosilicon and light-burned dolomite is 1838K in the standard state and decreased with the decreasing partial pressure of magnesium vapor, PMg· When PMg=25kPa, the reaction happens at 1673K. From experiments of magnesium vapor production, reduction efficiency of Mg vapor is about 60 % in 15 minutes at 1673K. From hot metal experiments, the desulfurization efficiency is 89.35%, and the lowest sulfur concentration after desulfurization is 46ppm.IntroductionPretreatment desulfurization of hot metal has become a necessary step in modem optimizing steelmaking process for its cheap cost, which can not only liberate of blast furnace productivity and reduce the burden of produce steel, but also effectively improve overall economic efficiency of the iron and steel system[l-ZJ_ At present, injection magnesium particle is one of the two main methods of desulphurization in hot metal owing to its strong affinity for sulphur, low amount of slag produced, low iron loss in slag skimming and low equipment investment[3l. However, there are still some insufficiencies on the hot iron pretreatment with magnesium particles at present[4-5l"

Jan 1, 2013

By H. W. III Straley

SOME ten years ago the writer1 made a survey of college catalogues to determine what sort of training geologists were receiving in basic sciences. In the light of this compilation and subsequent experience, he made the statement at the 1939 meeting of the Institute that apparently only in schools offering a curriculum in geological engineering or in the geological option of mining engineering curricula could geologists hope to receive the training advocated by Hubbert.2 In the former study, schools of engineering were excluded because the preparation was known beforehand. The present study aims to consider engineering schools in an effort to determine not only what basic studies are required but what use is made of them in geological courses of the third and fourth years. The present study combined the method of consulting catalogues with a questionnaire. Letters were mailed to officials responsible for supervision of mineral industries curricula requesting information on: (I) the extent to which the engineering preparation of the first two years is actually used in the work of the last two; (2) the extent to which the engineering of the last two years is used in courses in geological engineering or geology; and (3) whether geologists or geological engineers teach descriptively or analytically. Both methods of securing information are open to criticism; the former on the basis of the incomplete information supplied by university catalogues concerning prerequisites and curricula and the latter on the ground that the questions may be phrased poorly or given insufficient consideration by replying officials. Fifty-six questionnaires were mailed and 39 (70 per cent) replies were received. Of the replies, 6 (11.3 per cent) were from colleges of liberal arts unconnected with engineering schools, 11 (20 per cent) were from schools having curricula in geological engineering and 22 (39 per cent) were from departments of mining engineering. The number of replies and their distribution were satisfactory in spite of the receipt of only six from liberal arts colleges. It should be understood that the universities of which the catalogues were examined were not necessarily the same in both compilations. No departments that are admittedly or known to be acting solely as service departments were recorded in the second study. Table I shows that all professional schools require mathematics through calculus, whereas only 7 per cent of the liberal arts curricula expect the same level of preparation; only 73 per cent require trigonometry and 40 per cent college algebra. The proportion of geological engineering curricula requiring differential equations is higher than mining. All of the engineering schools require general and analytical chemistry, whereas only 77 per cent of liberal arts curricula require general and 18 per cent analytical. Twenty-two per cent of the mining and 40 per cent of the geological engineering

Jan 1, 1941

By Howard L. Hartman

The past 15 years have seen rapid advances in the metallurgy of materials for drill machinery and bits, but rock drilling itself continues to be largely an art. Jet piercing, roller bit rotary drilling, and rotary percussion are all promising new techniques, but the percussion rock drill, still used for 90 pct of the blastholes in U. S. hard-rock mining, has under- gone no major modification since pneumatic machines were first used successfully in the 1860's. This singular lack of progress stems directly from ignorance of the nature of impact failure of rock and the fundamentals of rock penetration in general. For nearly three-quarters of a century, mining engineers did not know what went on at the bottom of a drillhole.

Jan 1, 1959

By Edward Steidle

IT has been said that "the command of nature has been put into the hands of man before he knows how to command himself," and what we see about us gives particular emphasis to this observation. If this condition be granted, the vaunted boast of school and college, of the institution that had the training of this generation, and of its fathers, and of its grandfathers, the boast that education is a "preparation for life," stands exposed as a hollow claim, or as a ghastly, cynical conception of life, or else education has fallen far short of its intentions. It has been evident for some time that education was not meeting the fullest expectations of society. In recent years there has been a deal of speculation indulged in by both laity and faculty in regard to American education and American civilization, and some few and sporadic changes have been effected. Today, however, there is no longer time for mere hypothetical considerations; we are faced with certain definite facts and confronted with obvious conditions that will not wait for fine-spun theories. If educators do not put their house in order, someone else will do it for them. The trends in mineral industries education must be in harmony with this general realignment that is today visible on the educational horizon, and only as these trends are in conformity with this movement can they be called sound. Two questions, then, confront mineral industries educators: (1) What are the trends in mineral industries education, and (2) how do these trends correlate with the major educational movements of the day?

Jan 1, 1933

By William H. Mount

INTRODUCTION The requirements of mine ventilation demand the constant attention of the mine operator. Just as the physical mine structure changes with time, the ventilation requirements of a particular mine change considerably from season to season and even from day to day. No ventilation system can remain adequate indefinitely; and all systems require monitoring and adjustments to achieve proper ventilation. Instead of being given fore- thought and planning, mine-ventilation systems too of- ten are erected hastily, merely to correct an already un- healthy situation. The usual result is an inefficient and costly system that, in some instances, may prove in- effective in providing fresh air to the point of need. The ventilation of mines is a combination of both art and science. The fluid that must be moved is in- visible; its properties change drastically with temperature, barometric pressure, and humidity; and the methods of measurement are not precise. In part, ventilation engineering must rely upon the art of good industrial ventilation experience and sometimes even the trial-and- error method. However, the properties of air can be determined with relatively inexpensive equipment; with some care, measurement accuracies within 5% of the actual values can be obtained. Thus the art of ventilation gradually is being supplanted by improved engineering practices. Although the direction of flow and the volume may not be predicted correctly by airflow equations in every situation, it is better to try to predict the behavior of a given ventilation before installation than to proceed blindly with a system design. When used with the discretion that comes from education and experience, the basic laws of ventilation can provide sub-stantial insight into the design of an air-handling system; and they can prevent wasteful or even dangerous designs from being installed. Since the mine operators who read this text will have varying amounts of exposure to ventilation theory, the basic laws of airflow and of mechanical ventilation are presented in the first section. The emphasis has been placed on the interpretation and use of fan characteristic curves that are supplied by fan manufacturers. Considerable information can be obtained from these fan curves, particularly when they are used with a graphic model of the mine, drift, or duct in which the fan or fans are to be installed. A few minutes spent comparing the various characteristic curves can help the designer obtain the correct fan for the job. However, the under- standing of a few fundamentals is necessary; and this text has been prepared to provide ample and understandable information in a "how-to" style. In subsequent sections of this text, more down-to- earth subjects will be covered, including the problems of air recirculation, relative merits of installing fans in series or in parallel, expected maintenance requirements (vibration, lubrication intervals, etc.), fan noise and some remedies, effect of an inlet bell on the fan per- formance, basic air-measurement techniques and equipment, and similar miscellaneous items. Although this text is not intended to be a comprehensive bible of mine ventilation, it has been prepared as a guide that provides some useful information to individuals responsible for the quality of the underground environment. Every person working underground is en- titled to the safest environment that can be provided within the limitations of existing technology and at a reasonable cost. Adequate ventilation is well within both limits, provided that the system is designed intelligently, in conjunction with the mining plan, and not as an after-

Jan 1, 1982

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

"There are two characters to the value of mining properties-one mine may have a value, owing to its real intrinsic worth; an- other (having no intrinsic value) may have a value by being so situated as to harass the working of the really valuable mine-in mining camps one is looked upon as much of ligitimate enterprise as the other.'' -Victor Clement to Simeon Reed, Wardner, Jan. 11, 1890, Reed Mss. APPROACHES TO VALUATION Value and costs are two terms basic to financial analysis which cause, perhaps, the greatest amount of misunderstanding in mine valuation studies. When discussing the value of an asset or the costs of producing a product, it is absolutely essential that the speaker define the terms being used. There are many types of value and many categories of costs. Without specific accompanying definitions, value and cost data are not very meaningful. Value refers to a measure of the desirability of ownership of property. Some of the types of value which might be encountered in a mine valuation study are: 1) Market value 2) Full cash value 3) Salvage value 4) Replacement value 5) Capitalized value 6) Book value 7) Assessed value 8) Insured value Each of these has a specific meaning which can be applied to determine a monetary amount in a specific situation. The major item of interest here is the broader question of "what is the value of the mine?" or "what is the mine worth?" In this case, we are speaking of market value. Market value is the value (price) established in a public market by ex- changes between a willing buyer and a willing seller when neither is under duress to complete the transaction. Market value fluctuates with the degree of willingness of the buyer and seller and with the conditions of the sale. The use of the term market suggests the idea of barter. When numerous sales occur on a market, the

Jan 1, 1984

By L. O. Howard

THE practice of using acid-lined converters at the plant of the Old Dominion Copper Mining & Smelting Co. was discontinued early in January, 1913, and they were replaced by basic-lined converters. The new equipment consists of one electrically operated 12-ft. upright converter stand and two basic-lined shells for same. These shells are provided with twenty-four 1 1/4-in. tuyères. The mouths are 5 ft. in diameter. Owing to the fact that there is no bedding system or other large storage capacity between the mine and the smelter, the furnaces must handle as fast as produced ore and concentrates, which may vary considerably from day to day, both in tonnage and copper content. Consequently the converter is often crowded to its utmost capacity by the frequent fluctuations in the daily matte supply. From the foregoing, it will be seen that in no way can the converter be favored by running light charges or by transferring to it from other stands in operation. Neither can it regularly be allowed to cool between blows, and only occasionally can it be run at as low a temperature as might be wished. No copper precipitate or other foreign material high in copper is available to help out the tonnage. Repairs and alterations or the removal of defective tuyères must wait until such time as a slight falling off in the matte supply-allows the converting operations to ease up. These variable conditions all combine to interfere with the systematic operating of the converter.

Jan 7, 1914

Discussion of the paper of L. O. HOWARD, presented at the Salt Lake meeting, August, 1914, and printed in Bulletin No. 91, July, 1914, pp. 1785 to 1790. E. P. MATHEWSON, Anaconda, Mont.-I would like to add a few words of praise on Mr. Howard's work at the Old Dominion. Mr. Howard has given this particular converter shell his personal attention, and the results are shown in the figures given. Similar converter shells, a little different in shape and of about the same size, have been tried in many plants throughout the United States. The results have been highly satisfactory, but there is no shell of the size of the one described by Mr. Howard that has given anything like the results that Mr. Howard's shell has given. I know of larger shells that have given very good service, and are still in operation, and require very little repair. The main thing about the whole process of using the basic lining in copper converting is to keep the temperature within reasonable bounds, particularly not to get the furnace too hot. If it is overheated a little bit, for say half an hour, an entire lining may be ruined. It is very easy to keep the temperature regulated 'if the mass is large. If you have a large mass in your converter you can easily prevent it from getting over-heated, and that is the big argument in favor of the extra large converters. Of course, there is a limit to what a plant can turn out in the way of matte. Very few plants can supply matte sufficient to keep a converter of 20 ft. in diameter in operation constantly, but the 20-ft. converter is very much superior to the 12-ft. converter in easy handling and absolute control of the temperature. I think Mr. Howard is to be congratulated on the excellent showing he has made.

Jan 12, 1914