Search Documents

By P. Klossek

It is estimated that China accounts for 94% of the world supply of rare earths (Roskill, 2011). This fact, together with the impact of China?s export policy, poses a substantial risk to the security of the rare earth supply as well as a rare earth price risk. This situation has motivated an increase in the number of rare earth projects under development, i.e., there are currently more than 440 worldwide (Technology Metals Research, 2012). However, economically and environmentally acceptable processing technology to produce tradable products from rare earths (e.g., separated rare earth oxides) is not freely available on the market at the moment. In this respect, a lot of research and development has been initiated on this topic, in academia as well as in industry. Using a proprietary model and scenario-based analysis, we studied the impact that the development of rare earth processing technologies would have on the rare earth market and the economic feasibility of rare earth projects mentioned before. The analysis showed that this impact varies depending on the technology type (e.g., technology can affect project production volume, cost structure or both) and the legal context of the invention (e.g., free or limited by patenting availability of a new technology). The effect of a technology which influences project production volume is not the same as of a technology which changes project cost structure. The impact of a patented processing technology differs from the impact of a processing technology which is freely available on the market. In the case of a new technology which is limited by patenting, its impact depends on the market position (?producing?, ?next-coming?, or ?not producing? project) of the patent holder. The paper contributes to existing research by studying the dependence of the expected micro- and macroeconomic impact of rare earth processing technology developments on the properties of a new technology (e.g., costs, legal framework etc.). By this means, the paper adds to existing knowledge and attempts to make the rare earths market more transparent and predictable from a perspective outside China.

Aug 1, 2013

By D. N. Thurston

Luscar Stereo commenced construction of the mine at Coal Valley, Alberta, in August, 1976. It is designed to produce approximately 2.5 million clean short tons of steam coal annually - 2.0 million tons per year being committed to Ontario Hydro and 0.5 million tons per year being committed to Neptune Terminals for sale on the export market. The project involves constructing a heavy-media coal preparation plant, erecting a 42-cubic-yard dragline, constructing a shop/office complex, and developing three surface mining zones and associated facilities. As there were no existing facilities in the Coal Valley area, it was necessary to establish access roads, an airstrip, temporary utilities, fuel supplies, a construction camp, rail upgrading and communication services.

Jan 1, 1978

By Bergh. L. C.

On line monitoring and diagnosis systems of process operating performance are becoming an important part of industrial programs, leading to improve process operation and therefore product quality over time. In processes, such as the contact section of a sulphuric acid plant, a large number of input variables, highly correlated, are presented. These characteristics usually pose more difficulties in modelling the process for monitoring and diagnosis purposes. Multivariate statistical projection methods, such as Main Component Analysis, have been proposed to effectively deal with these situations. The application of these ideas to a section of a 2350 MTD sulphuric acid plant, located at the Caletones Smelter, including dry tower, gas blowers, catalytic reactor and S03 absorber processes, is discussed here. A PCA model with eight main components is used for monitoring and diagnosis of more than seventy operating variables. Hottelling's T2 and Q residuals test were used for detecting measurement problems in relevant variables, and for identifying which set of variables were responsible for driving the process outside its normal operating region. Furthermore, considerable information for the correction of the tested operating problems was given by the use of these techniques.

Jan 1, 2007

By T. -W. Hong, Y. Son, S. -J. Hong, D. Choi

The characteristics of indium-tin-oxide (ITO) nanoparticles recovered from TFT-LCD panel scraps were investigated. The ITO was separated from TFT-LCD panel scraps by dissolving the color filter layer located between the ITO layer and the glass substrate. The solution was filtered to separate the ITO from the color filter component, and the filtered ITO was dissolved in the acid solution. ITO nanoparticles were then precipitated with ammonium hydroxide and organic dispersing agent, followed by heat-treatment at 600 °C. HRTEM, EDX and XRD analyses revealed that the 20 nm sized particle were composed of 90 % In and 10 % Sn, and were well crystallized to in the (222) preferred orientation.

Jan 1, 2014

By E. Lee Cameron

Summary Records of the past show that the first mineral production in what is now the Province of Manitoba consisted of salt, obtained about the year 1800 by the evaporation of brine. Also at an early time in our history, the Ordovician limestone at St. Andrews Locks, East Selkirk, and other localities was quarried for use as building scone in the construction of forts and fur trading posts. Both salt and building stone are still produced in Manitoba, although not from the original sources. In addition, there is now a substantial production of a variety of other industrial minerals and their products such as lime, crushed stone, gypsum, peat moss, and bentonite. The annual dollar value of production of the industrial mineral industry in Manitoba is today greater than at any time in our past and is derived from a greater variety of products. At the present time, exclusive of the various gravel pits operated by the Provincial Department of Public Works, twenty companies operating thirty-four separate pits, quarries, or mines are producing industrial mineral raw materials in Manitoba. This paper attempts to outline the development of the industry from its start about 1800 to the present, giving general information on the various materials produced. Some suggestions regarding the possibilities of establishing new industries based on other raw materials are given at the end of the paper.

Jan 1, 1949

"Real-time, on-stream analysis of the metal content of process slurries is an essential prerequisite for process monitoring and advanced control of mineral processing circuits. On-stream X-Ray Fluorescence (XRF) sensors for base metal applications are available commercially and form the basis of many plant monitoring circuits. To date, these commercial technologies have been insufficiently sensitive to measure precious metals such as gold and platinum group elements, typically present at part-per-million (ppm) and sub ppm levels. CSIRO has developed a novel X-ray based technology, called UltraGold, which enables detection of gold in slurries on a real-time basis with a precision below 100 parts-per-billion. This technology is based on the use of advanced X-ray optics, extensive Monte Carlo computer modelling for analyser design, high accuracy X-ray spectrum fitting where the X-ray intensities are matrix corrected. In this paper, we will introduce this technology and discuss the results of a proof of principle study performed in the laboratory with plant slurries (tailings and concentrate) from an Australian beneficiation plant. Finally, we will discuss further planned improvements. As projected grades in (gold) mining around the world fall and several large-scale mines approach the limits of their economic reserves, this method can enable significantly reduced operating costs by rapid analysis to improve circuit efficiency and hence improve recovery significantly.INTRODUCTION This paper describes a study undertaken to explore the feasibility of applying CSIRO?s UltraGold XRF technology to the on-stream measurement of gold in process slurries. The provision of rapid, accurate information of gold grade in feed, tailings and concentrate streams would facilitate significantly improved process control and early detection of plant upsets, resulting in substantial cost-savings. CSIRO have patented X-ray fluorescence (XRF) techniques for the analysis of key elements in slurries present at part-per-million (ppm) and sub-ppm levels. Conventional, commercially available on-stream XRF instruments generally have detection limits in the tens of ppm range, precluding their use for analysis of elements like gold that are mined and processed at much lower concentrations."

Jan 1, 2017

By D. Nower

"The supply of copper is expected to be at a large deficit in 2012. To recover from these deficits mining companies are required to maximize production and there is no better way to accomplish this than to optimize the use of their mobile mining equipment fleets. To optimize these fleets, each equipment type has to be monitored in its own unique way. Automation would not only improve production, but also minimize the safety risks and eliminate planning errors. The automated vibration monitoring of multiple systems on the shovel can determine the machine’s condition at all times. This reduces unplanned downtime and keeps critical shovels in production. This paper will discuss the details of how shovels can be successfully monitored, continuously. INTRODUCTIONP&H Mining, part of Joy Global, is the world’s largest manufacturer of above-ground mining equipment. Its electric rope shovels, such as Figure 1, with capacities up to 115 tons (104.3 metric tons), are used for high production loading in surface mines; its draglines, such as Figure 2, have bucket capacities to 160 cubic yards (122 cubic meters). P&H also produces blasthole drills, mobile mining crushers and other essential mining equipment. Headquartered in Milwaukee, WI, the company does business on every continent, except Antarctica. ECONOMIC FACTORSDue to the global demands for metals and power, mines are required to operate at full capacity. Mine operations cannot afford any critical assets to shutdown unexpectedly; depending on the ore type and quality, downtime for a single shovel can be as much as $300,000 per hour.Electric rope shovels are one of the most critical assets in open pit mining. They are very large, complex machines with DC or AC motors, multiple reduction gearboxes (some of them complex planetary) and multiple large rolling element bearings. This complexity, combined with the tough 24/7 service, results in too much unplanned shovel downtime, which can affect the entire downstream process."

Jan 1, 2012

By W. G. Scott

IT IS APPROPRIATE that your Institute should have chosen, for its 1956 Annual General Meeting, the Capital City of a province which is making such rapid advances in mining. The railway industry is proud to be playing an active role in this development, expenditures on equipment and railway construction in the Province of Quebec alone in recent years being in ?excess of a quarter of a billion dollars. In looking up some background material for this address I ran across a definition of a mine by Mark Twain, the great American humorist, which I thought might amuse you. He said that a mine was "a hole in the ground owned by a liar". I am sure that if he were alive to witness the enormous value attached to Canada's mineral resources today he would quickly change his definition. Canada's postwar record of mining development has been staggering in its variety and enormity. Historically, only the ?construction of our transcontinental rail ways outranks the largest of three of these development projects - the aluminum undertaking at Kitimat; the Quebec-Labrador iron ore deposits ; and the petroleum and natural gas developments in Wes tern Canada.

Jan 1, 1956

By Dale A. Walters

The thermal recovery of bitumen reservoirs by steam assisted gravity drainage (SAGD) is often designed to maximize the operating pressure. In general, the benefits of higher operating pressures are higher steam temperatures that maximize the reduction of oil viscosity, potential permeability enhancement associated with lower effective stress and shear dilation, and a larger pressure window to allow flexible control of the producer. This is especially important for shallow reservoirs where the pressure window for injection and production is smaller. Higher operating pressure can reduce thermal efficiency (due to heat losses), but the other benefits usually compensate. The limitation of the maximum operating pressure is then based on maintaining caprock integrity. Thus, shear and tensile failure mechanisms must be quantified and managed. This paper presents a geomechanical analysis of caprock integrity for SAGD operation. Both analytical and numerical approaches are used to investigate the modes of caprock failure. Main factors in the analysis are the knowledge of the initial stress state and proper representation of the complexity of the geomaterials. Typical initial stress states for northern Alberta are presented showing the potential for low initial minimum total stress and elevated initial shear stress levels. The stress-strain behavior for the sand and caprock materials is discussed focusing on the potential for shear dilation in the sand and shear strength behavior in the caprock. Elasto-plastic constitutive models used to represent the sand and caprock are presented and compared using numerical analysis. The increase in pressure and temperature alter the stress state and disturb the soil matrix. This disturbance results in shear dilation of the sand matrix creating regions of enhanced permeability and porosity. Also, the transfer of stress and strain to the caprock causes dynamic stress changes and, therefore, dynamic behavior of shear and tensile failure conditions. Calculations are presented showing the stress paths associated with SAGD operations, suggesting better design of lab testing programs and the implications for shear dilation in the sand and shear failure in the caprock.

Jun 1, 2012

By Joerg Hammerschmidt, Marcus Runkel, Steffen Haus

Given the limited number of new plant construction, focus is turning to the optimization of existing metallurgical roasting plants. To meet the goals of high process efficiency with limited capital expenditure, plant owners are looking for new strategies, including digitization and expert support. As a supplier for numerous roasting, gas cleaning and sulfuric acid plants, Outotec has intensified its effort in recent years to develop solutions to accommodate increasing customer need. This article presents a short review on how Outotec is applying advanced control tools for the fluidized bed industry. Focus will be given on how to transfer the existing technology (used in selected Zinc roasting plants for over a year now) to copper roasting. Outotec has developed the Pretium Roaster Optimizer, a system based on heat and mass-balanced simulation models. Direct experience with this technology will be shared and will highlight similarities to the Partial and Sulfate Copper roasting processes. Pretium detects equipment and plant bottlenecks and provides consistency in process development. The Pretium program combines 24/7 advanced online digitalization tools, along with expert personal support when required. INTRODUCTION Fluidized bed reactors have been used for commercial-scale zinc and copper roasting since the 1950s. While the principles of roasting remain unchanged, over time, the technology has advanced to improve process control of roasting plants. In the past, environmental and safety standards were the driving forces for improvement of equipment and plant design. Today, the emphasis is on plant efficiency and optimization. Another change has come in process control philosophy. While plant control and operation have traditionally been the responsibility of owner/operators, they have now shifted to include both integrated digital tools and specific know-how from engineering companies. This can be seen from the earliest design stages through commissioning and into production, as evidenced by zinc roasting plants in Mexico, Brazil and Turkey.

Jan 1, 2019

By Wilson Pascheto

One of the main outcomes of a capital project is the reliability of a new plant, system or equipment. During 20 years of experience working in various capital projects for the mining industry, the author experienced failures which have caused significant losses to Owners, in many cases amounting to millions of dollars and almost jeopardizing entire projects. Often, failures were related to faulty design, shop fabrication and/or construction. Therefore, significant opportunities exist in the Mining Industry to improve the success rate of capital projects, improve on-line time at start-up, minimize the occurrence of unplanned maintenance due to equipment failures, and all this with positive contribution to health and safety. This paper presents some examples of failures and how they could have been prevented by proper Quality Assurance methodology. It also discusses some of the main challenges in the implementation of such methodology, including awareness of the Materials discipline and availability of trained Engineers.

Jan 1, 2015

By E. M. Timoshenko, A. V. Tarasov

The results of laboratory, bench-scale and semi-commercial investigations of a method for adding surfactant (technical-grade lignosulphonate) to the process of pressure leaching of nickel-containing pyrrhotite concentrates have been discussed. Lt has been demonstrated that feeding of technical-grade lignosulphonate distributed along the length of an autoclave ensures a reduction in its requirement by a factor of 1.5 to 2 as compared with single-point feeding; it also results in a decrease by 5% in the unit requirement of metallized iron-bearing precipitator in the process of non-ferrous metals precipitation and reduces by 0.05 to 0.1% (abs.) the nickel and copper contents in the tailings of the given process. Technical solutions have been proposed for commercial introduction of the process.

Jan 1, 2004

By Donald L. Mordell

Introduction A very large part of the world's fuel resources are in solid form, as various grades of ?coal, but an increasing proportion of fuel demands on this Continent and else-where are having to be met by liquid fuels. Convenience and, in many cases, cost weigh heavily in favour of the liquid: fuels, and there are many fuel burning applications where the use of coal would be impractical, such as for automotive or air transport. By extrapolating the present trends one might conclude that, in future years in Canada and the United States, coal will be used only in a few power stations close to coal fields. If such a state of affairs should arise, it will obviously prove embarrassing to those accustomed to make their livelihood from the winning and marketing of coal, but it is perhaps not so obvious that it must also prove an embarrassment to the nation. The major reasons for this are two in number. Firstly, if present coal production is to be replaced by oil production, a large capital expenditure is necessary, which must inevitably be paid by the consumer; and secondly, in times of emergency, large amounts of oil fuels are required for military purposes which cannot be achieved with solid fuels. It is obviously unwise, therefore, to discontinue the use of coal for those non-military jobs that it can do. If we examine the major fuel markets we find that there are three: Domestic heating Steam generation Transport by air, sea, and land For domestic heating, the extreme convenience of oil, in spite of its greater cost, has captured much of the coal market.

Jan 1, 1952

By J. J. Taute, O. S. Tinkler, G. Zárate, K. C. Sole, J. Steeples

Global practice in copper solvent extraction is reviewed, based on individual plant operating data for 2018. The survey respondents account for almost 40% of global copper cathode production by solvent extraction and electrowinning. Regional trends in operating conditions, as related to the prevailing ore mineralogy, leaching processes, and life of mine are evaluated. The adoption and expansion of this technology in the African Copperbelt and Asia are assessed, together with the associated challenges of specific orebody characteristics. Trends in feed and electrolyte compositions and flow rates, and extractant and diluent selection, together with their impact on copper recovery are reviewed. The evolution of equipment design and associated ancillary processes are discussed, and new projects identified. INTRODUCTION Continuing from similar surveys carried out in 1997, 1999, 2003, 2007, and 2013 (Robinson, Davenport, & Jenkins, 1997; Jenkins, Davenport, Kennedy, & Robinson, 1999; Robinson, Sandoval, & Cook, 2003; Robinson, Moats, Davenport, Karcas, Demetrio, & Domic, 2007; Sole, Zarate, Steeples, Tinkler, & Robinson, 2013), global operating practice in copper solvent extraction (SX) in 2018 is reviewed. Contributing operations include established sites in the USA (8), Chile (9), Peru (2), Spain (1), Mexico (2), and Australia (2), as well as newer operations in Africa (7) and Asia (3). This survey represents 2018 copper cathode production of 1.91 Mt, or about 43% of world production by solvent extraction combined with electrowinning (SX–EW). Trends in operating conditions and performance, as well as equipment design and process technology choices are analysed. The significant expansion in production in the African Copper Belt is also discussed. There are currently about 130 operations worldwide producing some 4.6 Mt copper by SX–EW; of these, about half produced more than 10 000 t/a. Figure 1 shows global copper production by country. As it has for several decades, Chile remains dominant, with 36% of global production of cathode copper. Since 2005, the Democratic Republic of Congo (DRC) has increased production year on year, and now represents 23% of the global total (International Copper Study Group, 2017; Statistica, 2018). Copper production in Asia has grown significantly in the past decade, particularly since the ramp-up of Wanbao in Myanmar. There used to be numerous small copper SX plants in China (Schlesinger, King, Sole, & Davenport, 2011), although most of these have now shut down and Chinese production is lower than it was five years ago. The most important trend, however, is the rise of Chinese-owned mining companies, particularly in Central Africa, but also around the world more generally.

Jan 1, 2019

By R. S. Boorman, H. G. Ansell

"Poor separation of lead from a copper concentrate of a major base metal producer was thought to have resulted from copper (0.2-0.4%) in the galena which caused it to float with chalcopyrite. No inclusions of copper mineral were detected which could account for the flotation of galena. The tendency for copper-bearing galena to float with chalcopyrite was confirmed by Hallimond-tube experiments in which the floatability of copper-doped synthetic galena (0.1-0.4% Cu) was approximately four times as high as copper-free galena. The difference in the cell edge (5.9338 ± 0.0003 A, Cudoped galena; 5.9361 ± 0.0002 A, Cu-free galena) indicated that the copper was lattice-bound and did not occur as submicroscopic mineral inclusions."

Jan 1, 1973

By S. Yue, P. Vo, M. Jahazi

The flow behaviour and microstructure development of a near-alpha titanium alloy during beta working has been investigated. Typical cogging conditions were simulated through compression testing of IMI834 at temperatures of 1025°C-1100°C, strain rates of 0.01 s-1 - 1 s-1 and post-deformation heat treatments up to 4h. Using a synthesis of available literature models, a finite element model has been developed and validated through quantitative measures of flow stress-strain data and beta grain characteristics. Flow behaviour was analyzed through a self-consistent method while the microstructure development was considered with regard to the kinetics of beta recrystallization. Deformation at beta or high alpha/beta working temperatures (T>l025°C) produced minor flow softening with complete grain refinement achieved through metadynamic recrystallization.

Jan 1, 2006

By M. Bourassa, P. Roy

"This paper describes the automation of Kiena's grinding circuit which comprises an open SAG mill circuit and a closed ball mill circuit with two stages of hydrocyclones. The circuit has been instrumented according to a two level control strategy.The regulatory control strategy is implemented in an industrial controller. This controller does data filtering and calculation (flowrate and solid content) and regulates the pump box levels (2), the water additions: or the pulp percent solids (4) and the fresh ore feed rate.The supervisory control calculates for the industrial controller, the fresh ore feed rate setpoint and the pulp percent solids setpoints in order to optimize the grinding circuit operation. It is made of two modules, one for data filtering and one for control optimization. The filtering program uses modern tools to adjust the measured value and estimate missing data (dynamic material balance, on line estimation of model parameter, etc.). The control program acts as an expert system which combines the benefits of model-based control and rule-based control. A multivariable predictive controller (DMC) is used to maintain the circulating load and the hydrocyclones feed percent solids (which is correlated to particle size) while the rule-based control validates the previous output, detects and avoids the SAG overloads and sump pumps overflows.The system has been operating since MAY 1992 and the benefits obtained are discussed.INTRODUCTIONIn 1990, Les Mines d'Or Kiena decided to go ahead with a project for automating its grinding circuit as proposed by the Centre de recherché minerals (CRM). Its objectives in doing so were to marginally increase production capacity (1 % ) and to create a new challenge for plant staff. The main stages of the project, which involved CRM, Kiena Mines and a consultant, are shown in Table 1. The project was completed in May 1992 with the implementation of a supervisory control system. This text describes the main features of the system with a special focus on its most innovative aspects."

Jan 1, 1993

By S. R. Noble, F. R. Harris, E. T. C. Spooner

"The Logtung deposit discovered in 1976, is an example of large tonnage (162 million tonnes), low grade (0.13% WO3 and 0.052% MoS;) W(scheelite)-Mo mineralization related to multiple felsic intrusions. Because mineralization is predominantly fracture-controlled (> 95 %) rather than disseminated, Log tung is not a skarn deposit. Metamorphism of the Logtung country rocks (interbedded calcareous shale and graphitic quartizite) to a series of competent reaction skarns (quartz-diopside-garnet calc-silicate, biotite quartzite and wollastonite-vesuvianite calc-silicate) clearly precedes W-Mo mineralization. Hence mineralization was related to permeability created by hydraulic fracturing and not replacement processes.Logtung shows a theme of several phases of mineralization (4) related to multiple intrusions (>2) which is similar to that of the Climax and Urad-Henderson Mo systems. The earliest quartzmolybdoscheelite vein system, which consists of a typical ""porphyrystyle"" crackle-breccia of thin (0.5 mm to 4 mm) quartz-garnetdiopside- molybdoscheelite veins, is related to a high Si02 (approx. 76%), seriate-porphyritic monzogranite stock (approx. 2 km by 0.5 to 1 km) of Cretaceous age (118 ±2 Ma [2u]; Stewart, 1983). Later quartz-pyrite scheelite (fluorite-KINa-feldspars-molybdenite) veins, with prominent green, hornblende-bearing alteration selvages, and quartz-molybdenite (-pyrite-jluorite-scheelite) veins are related to a quartz-feldspar-spessartine-rich garnet porphyritic felsic dike complex approximately 500 m across. Both intrusive phases have anomalously high Wand Mo concentrations of about 100 ppm and 50 ppm respectively, which Stewart (1983) attributes to a primary enrichment. The final stage of mineralization consists of a prominent 4.5 km by 1 km zone of 1 em to 1 m wide polymetallic sheeted veins centred on the felsic dike complex. The system is zoned from quartz scheelite-molybdenite-pyrite-blue-green beryl-jluoritebismuthinite veins in the core to Pb-Zn-Ag veins with abundant arsenopyrite and minor Sn (approx. 0.1%) in the northeast. The focus of recurrent intrusive and hydrothermal activity was located above a flank or nose of the monzogranite stock.The distribution of WO3 and MoS2 grades within the approximately 750 m (across) by 300m (evaluation depth) mineralized zone is a result of the variable superimposition of the four separate vein systems each with different W:Mo ratios. Well-defined Wand Mo ore, shells such as those at Climax, Henderson and Mt. Emmons did not develop at Logtung. The upper surface of the mineralized zone, as shown by the 0.03% MoS2 contour defines an elongate dome with an apical region approximately coincident with the felsic dike complex. Hydrothermal alteration occurs as well-defined vein selvages, and not as pervasive zones.The Logtung deposit shows many similarities to porphyry Mo deposits in the western Cordillera and may be identified as a porphyry W(scheelite)-Mo deposit, with a W:·Mo ratio of 3.3:1. The principal reasons are: (1) mineralization is spatially associated with porphyritic granitic intrusions and (2) much of the scheelite and molybdenite occurs in typical ""porphyry-style"" vein stockworks"

Jan 1, 1995

By Zhiqing Zhang, Changyun Chen, Qing Liu, Lin Lin, Zhihong Jia, Guangjie Huang, Lipeng Ding

The effect of interrupted quenching (IQ) treatments on natural aging and bake hardening response of Al-Mg-Si alloy was investigated by hardness measurements, tensile test, differential scanning calorimetry (DSC) and transmission electron microscopy (TEM). The results show that interrupted quenching at 100oC could effectively suppress natural aging and improve bake hardening response. The optimized interrupted quenching treatment is 100oC for 45min, which gives the alloy a relatively low T4 temper strength and higher bake hardening response. The formation of highly dense cluster(2) during the interrupted quenching could be the reason for suppressing the natural aging and accelerating the precipitation of ß? phase during the paint bake treatment. In addition, interrupted quenching at higher temperature (170oC) results in unfavorable properties in both T4 temper and paint bake treatment. The formation of large precipitates is responsible for these undesired effects.

Jan 1, 2015

By T. G. Ewart

INTRODUCTION FOR THE purpose of this paper, western bituminous coal is defined as steam coal produced in Alberta and southeastern British Columbia for sale primarily to railways and industries. Before examining present and future markets of this industry, it is proper to review briefly financial and operating conditions within the industry. The report of the Royal Commission on Coal, 1946, supplies financial data from which some conclusions may be drawn. In 1944, the industry as defined above had share capital of $24,886,696. In the fifteen years 1930 to 1944, inclusive, the industry produced: 44,364,211 tons of coal. The profit on this tonnage amounted to $4,678,382.58, which represented 10.6 cents per ton of production. Miscellaneous earnings increased the amount available for dividends to shareholders to a total of $8,487,952.41, which is equal to, 19.1 cents per ton of production. Dividends actually paid in this fifteen-year period amounted to $12,332,040.64, which represented an annual average rate of 3.40 per cent on share capital. It is worthy of note that, in 1944, the net current position of the industry, including investments, was $8,753,874.51. The writer believes that the financial position of the industry with respect to capital, current financial position, and net earnings, has not significantly changed from the fifteen-year period out-lined above. The figures quoted indicate the following situation: (1) The western bituminous coal industry is adequately financed. (2) The industry has followed a conservative dividend policy and has accrued funds for contingencies. (3) The industry has sold its production at very reasonable prices as evidenced by its moderate earnings per ton of production.

Jan 1, 1951