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By Donald S. Macdonald

"I AM thankful for this opportunity to address the Toronto Branch of The Canadian Institute of Mining and Metallurgy. The Members of your Institute can have a great influence on the direction in which the mineral policies of Canada will evolve, and to assure that optimum benefits from our country's vast mineral resources will accrue to the nation as a whole and to all its citizens. Today, I want to: (1) offer an outlook on the mineral industry for 1973; (2) talk briefly about the role of minerals in the total economy; and (3) outline some of our thinking with respect to a national minerals policy for Canada."

Jan 1, 1973

By L. M. Oshinowo

The incorporation of advanced analysis tools, such as CFD, into the process plant design process has become possible through advances in commercially available computational fluid dynamics software and faster computers. Multiphase modeling is now typically employed in the design phase of process plant design at Hatch. The multiphase models include Lagrange-Euler and Euler-Euler treatment of the multiple phases. Additionally, mixture models with interface-sharpening algorithms are applied to the prediction of free-surface flows in complex geometry. CFD is applied to applications where traditional design rules are not applicable. The additional rigor of CFD modeling in 2D and 3D allows process engineers to come closer to realizing true virtual plant design. The objective of this paper is to outline the benefits and pitfalls in the application of multiphase modeling for rigorous design. Several application examples in the hydrometallurgical field will be presented.

Jan 1, 2005

By A. L. Irwin

THE problem of compensation for labour is probably the oldest and most complicated one in history. The wage that a man receives is possibly the most concrete thing he gets out of his job and, rightly or wrongly, is generally considered by him to be the most important item in connection with his daily work. How today workers in an equitable way has been the study of industrialists for many years, and a great number of ideas have been tried out in an effort to arrive at a reasonable solution of the question. The idea of establishing a measuring stick for various types of work has intrigued industrial management for a long time and, after considerable study, the principle of Job Evaluation has taken form unti1, at the present time, it is becoming increasingly useful to industry at large. Job evaluation is a plan which is used to determine the relative worth of occupations by means of arbitrary measuring scales. These scales are developed for individual industries and are generally 'tailor made' for each particular case. There are as yet no absolute methods of measuring the work done by human beings and, as a result, one has to depend on comparative values to arrive at conclusions. However, job evaluation has provided us with a basis of negotiation for wage rates which is more satisfactory than mere guess work or persona! opinion. It supplies a common ground for discussion which is understandable by all taking part and ensures that thinking with regard to wage setting is carried out along standard lines.

Jan 1, 1943

By A. McLean, L. Gao, Z. Shi, Y. D. Yang, K. Chattopadhyay, G. F. Zhang

Levitation melting of metals is one of the emerging applications of magnetic and electric fields in liquid metal refining. The varying magnetic field generates induced current inside the metal droplet and leads to the Joule heating effect and Lorentz force against gravity. This contactless process can avoid contamination from the crucible and can be used to produce high-purity materials. Visualization of the levitation melting process is difficult, and thus generally investigated by mathematical modeling. In the present study, a three-dimensional mathematical model of metal levitation was developed using finite element method for proper understanding of the levitation process. The effects of harmonic magnetic field frequency, coils power input, and sample size on levitation nickel droplet were investigated. Temporal evolution of temperature fields were predicted directly though the model. Levitation and balance condition of the droplet were investigated as well.

Jan 1, 2015

Since 2008 rapid advances have been made in technologies for the sensing and sorting of ores, particularly copper, and copper-related ores. Advances include significant increases in the sensitivity and throughput, specifically in the area of bulk sorting. Such advances were not possible without contemporaneous advances in the understanding of copper orebodies, in particular the understanding and quantification of the heterogeneity required within an orebody to support an effective sort, regardless of the technology deployed to do this. This paper covers fundamental knowledge in the characterization of orebodies and their ores for sorting; relationships between measures of heterogeneity and sorting response; the design of bulk sorting systems that can exploit this heterogeneity to add value to copper operations; and, a quantification of the value that can be generated from bulk sorting at a case study mine. INTRODUCTION Society currently puts increasing pressure on industries to move towards cleaner and more efficient means of production, and the mining industry is no exception. Mining additionally faces other factors increasing the pressure to be more efficient: high-grade and easily accessible reserves have become largely depleted, therefore the mined grade at operations across most commodities, including and in particular copper, is decreasing. Additionally, the grade of new discoveries in the sector continues to decrease (Schodde, 2011). Factor in the high capital cost of processing facilities and the low levels of efficiency of current grinding circuits, and the situation for such mines becomes dire. Sorting, by maximizing the amount of ore extracted while simultaneously reducing the waste content in ore delivered to downstream processes (whether simply transport and crushing, or more sophisticated circuits such as grinding and flotation or leaching) has long been of interest to mining operations and projects struggling with low margins (Bamber, 2012). However, until recently sorting technologies that are both cost effective and effective at such high throughputs have not been commercially available.

Jan 1, 2019

By Craig Roberts

"While various methods are available to estimate a mining project's value, value is only established through a transaction. Comparable methods allow the value estimated for a mining project to be benchmarked against mining project values established in the market. Comparable methods thus are a key tool for ensuring value estimates are congruent with what the market would actually pay. For example, if the value estimated for a mining project using discounted cash flow analysis differs significantly from the value implied using comparable market methods, the valuator may be using metal price or discount rate assumptions that differ significantly from those the market is currently willing to pay for.The paper provides an overview of market comparable valuation approaches, and discusses some of the difficulties and limitations that arise in using these approaches. The types of market values that are typically utilised are discussed, including asset sale prices, share prices (market capitalisations), and values established in corporate mergers and acquisitions. Topics discussed include methods used in estimating a mining project's value based on the market value of the company that holds the asset, and limitations that arise because of unique features of mining projects and of companies that hold them.It is concluded that market comparable and fundamental (e.g. NPV) approaches to project valuation should not be viewed as alternative approaches to estimating project value, but rather can and should be integrated to derive a single value estimate based on both market andfandamental data. A method for integrating these approaches is discussed, and illustrated by example."

Jan 1, 2003

By Andrew Barnes

The adsorption capacity of peat collected from a proposed mine development in northern Sweden has been determined using laboratory column experiments in which peat was irrigated with a simulated (acidic) waste rock dump leachate. The simulated leachate was made using a hydrogen peroxide leach of composite waste rock from the proposed mine development. The waste rock samples were composited in proportion to their predicted extractable tonnage for the mine development in order to generate a more representative leachate solution for the waste rock facility. As expected the test revealed that the peat material shows a very high affinity for attenuation with greater than 70% of Co, 90% of Ni and 95% of Cu removed from influent solutions through the majority of the tests demonstrating the potential benefits in mine water treatment. In contrast, it was found that Fe is initially released from the peat at concentrations up to 100 mg/L and can mean potential problems for the water released depending on the receiving environment. The exact mechanisms for Fe release is uncertain, though it is suspected that ion exchange / competitive desorption is responsible. Inspection of the laboratory results and drainage data from the natural peat wetland receiving drainage during overburden prestriping and mine development at the mine site are comparable, confirm the validity of the experiments, and further emphasize the potential for future use of pre-stripped peat material in managing water quality.

Aug 1, 2013

By Mario Gerards, Axel Wellendorf, Arulnesan Rajesh

"In times of increasing energy cost and global demand for improved machine technology, the optimization of industrial mineral processes in terms of efficiency and production cost is an important factor when choosing industrial equipment suppliers. Of course this applies for screening machines, feeders and distributers as well!Besides of the ability of a screening machine for being adjustable to changing requirements during the production process itself, it becomes more and more important to choose the correct screening machine type, peripheral equipment for arising screening tasks and to optimize the overall design of the screening machine starting at a very early stage.The different types of screening machines bring many advantages and disadvantages with them. The selection of the correct type of screening machine can improve the flow rate, energy, efficiency, yield, quality, output, availability and decrease the maintenance costs and structural steel work.The machine optimization has to be a consecutive process in which at any time results of simulation and “real-life measurement” are compared and the findings are implemented in machine development and design. As an example, it is possible to reduce machine weight and reinforce the steel structure of a screening machine at the same time, which enables the manufacturer to use smaller drives for the screen.This paper will present the methods ANSYS and 3D Solid Works used at RHEWUM GmbH for this way of optimizing machine design and construction and examples for results gained from this continuous improvement process."

Jan 1, 2016

By J. E. Gebhardt, D. McBride, M. Cross

Heap leach processes can encounter diverse flow conditions, such as infiltration into dry ore material, drainage, perched water tables and heterogeneous materials, leading to large variations in permeability and the creation of preferential flow pathways. Climate and meteorological conditions, such as precipitation, evaporation, and temperature, can also have a significant effect on the hydrodynamics of the heap. Nonuniform and adverse flow behavior within the heap contributes to reducing the leaching efficiency of the heap leading to lower metal recoveries. The variability of flow within the heap can result in solute transport problems, which limit the leach reaction kinetics. Therefore, understanding the flow and transport phenomena within the heap is critical in its design and optimization. A comprehensive heap leach model, developed within a computational fluid dynamics (CFD) framework, employs robust algorithms to solve diverse variably saturated flow conditions. The model allows for a wide array of complex thermo-fluid physics to be represented and captures suites of very complex reactions that are closely coupled with thermal conditions and key microbial populations. Employing a three-dimensional heterogeneous ‘test’ heap, a number of flow conditions are investigated and the sensitivity of metal recovery is discussed.

Jan 1, 2014

By Donald A. Cranstone

"This paper provides a bird's eye view of the pattern of gold discoveries since 1823, the year of Canada's first gold find, up to 1983. Within this 160-year period, more gold was discovered in Canada during the last ten-year period (1973-1982) than during any previous decade. The record suggests that the potential for further major gold discoveries is high, which bodes welt f or the future of Canadian gold mining.IntroductionCanada has an impressive history as a gold producer. Since 1921 we have occupied second or third place among the world 's gold producing nations, after South Africa and most of the time the U.S.S.R. Canadian gold production over the last hundred years has added up to some 6 per cent of all-time world production.The sharp rise in the price of gold in the 1970s led to a surge of gold exploration, which in turn resulted in the discovery of significant quantities of gold in Canada. How do these recent discoveries rate in comparison with those of the more distant past? For example, are the quantities of gold in notable discoveries of recent year s, such as Hemlo and Detour, in the same league with the amounts of gold discovered around 1910 in the Porcupine and Kirkland Lake district s of Ontario? Can the combined gold content of the recent discoveries be likened to that o f the almost 40 major Canadian gold deposits, along with numerous smaller ones, discovered in Canada during the 1920s and 1930s? What are the implications of the more recent gold discovery record for future rate s of gold discovery in Canada?This paper attempts to glean answers to such questions from an overview of the period that begins in 1823, the year of Canada's first gold discovery. Gold deposits come in two major types: placer deposits and lode deposits in solid rock . Placer gold is distributed in sand and gravel. Gold in solid rock occur s mostly in gold ore filling fissures."

Jan 1, 1985

By M. D. Johnson, R. K. Bezys

"The majority of Ontario's limestone and dolostone production comes from a few Paleozoic carbonate units. In eastern and central Ontario, Ordovician rock units, which are the main sources for production, include the Oxford, Gull River, Bobcaygeon, Verulam, and Lindsay Formations. They are predominantly utilized for aggregate and cement manufacturing, with the Bobcaygeon Formation being used as a source of building stone. Along the Niagara Escarpment, the Silurian Lockport, Amabel, and Guelph Formations are sources for the limestone industry. The largest tonnage of rock extracted by the industry comes from these Silurian units, especially the Lockport and Amabel Formations. These units are used primarily for aggregate, although they are also a source for lime. In southwestern Ontario, the Silurian Bertie Formation and Devonian strata, represented by the Bois Blanc Formation, Onondaga Formation, Detroit River Group, and Dundee Formation, contribute to Ontario's production of lime, cement production and crushed stone. The Detroit River Group (Lucas and Amherstburg Formations) is the main source of the lime and cement produced in the province.Northern areas, which may become significant sources for the industry, include Manitoulin Island, the Lake Timiskaming area, and the James Bay Lowland. IntroductionThe Engineering and Terrain Geology Section of the Ontario Geological Survey has undertaken a geological inventory of all active and abandoned limestone and dolostone quarries in Ontario. This geological study, combined with a commercial study of active quarries carried out by the consulting firm of Derry, Michener, Booth and Wahl, will provide an up-to-date report on the industry in the province and will be published by the Aggregate Resources Section of the Ministry of Natural Resources. This report will follow the format and style of D.F. Hewitt's Ontario Department of Mines Industrial Mineral Reports and Circulars (Hewitt, 1960, I964a, 1964b, 1964c; Hewitt and Vos, 1972). Examinations of the quarries were carried out by geologists in the Paleozoic I Mesozoic Geology Subsection of the Engineering and Terrain Geology Section, and include, in addition to the authors, R,R. Wolf, V.A . Mazur, and D.K. Armstrong in the summer of 1986."

Jan 1, 1988

By M. D. Johnson, R. K. Bezys

"The majority of Ontario's limestone and dolostone production comes from a few Paleozoic carbonate units. In eastern and central Ontario, Ordovician rock units, which are the main sources for production, include the Oxford, Gull River, Bobcaygeon, Verulam, and Lindsay Formations. They are predominantly utilized for aggregate and cement manufacturing, with the Bobcaygeon Formation being used as a source of building stone. Along the Niagara Escarpment, the Silurian Lockport, A mabel, and Guelph Formations are sources for the limestone industry. The largest tonnage of rock extracted by the industry comes f rom these Silurian units, especially the Lockport and Amabel Formations. These units are used primarily for aggregate, although they are also a source for lime. In southwestern Ontario, the Silurian Bertie Formation and Devonian strata, represented by the Bois Blanc Formation, Onondaga Formation, Detroit River Group, and Dundee Formation, contribute to Ontario's production of lime, cement production and crushed stone. The Detroit River Group (Lucas and Amherstburg Formations) is the main source of the lime and cement produced in the province.Northern areas, which may become significant sources for the industry, include Manitoulin Island, the Lake Timiskaming area, and the James Bay Lowland. IntroductionThe Engineering and Terrain Geology Section of the Ontario Geological Survey has undertaken a geological inventory of all active and abandoned limestone and dolostone quarries in Ontario. This geological study, combined with a commercial study of active quarries carried out by the consulting firm of Derry, Michener, Booth and Wahl, will provide an up-to-date report on the industry in the province and will be published by the Aggregate Resources Section of the Ministry of Natural Resources. This report will follow the format and style of D.F. Hewitt's Ontario Department of Mines Industrial Mineral Reports and Circulars (Hewitt, 1960, I964a, 1964b, 1964c; Hewitt and Vos, 1972). Examinations of the quarries were carried out by geologists in the Paleozoic I Mesozoic Geology Subsection of the Engineering and Terrain Geology Section, and include, in addition to the authors, R,R. Wolf, V.A . Mazur, and D.K. Armstrong in the summer of 1986."

Jan 1, 1988

By J. Cueto, M. Torres, J. Fernandez, J. Nuñez, C. Salgado, G. Zarate

Anglo American has used the extractant M 5640 in all the Divisions, which is an aldoxime modified with TXIB formulation, except in Los Bronces, where an aldoxime modified with tridecanol (TDA) formulation is used. It is a well-known fact that the aldoxime degrades while the modifier does not. With time the aldoxime/modifier ratio decreases significantly depending on the operating conditions of each plant. In order to evaluate the effect of this increasing modifier content in the organic of the plant, especially in the organic losses, a complete metallurgical test work program was started at laboratory and pilot plant scale. Results showed that the addition of aldoxime without modifier does not affect the chemical performance of the organic phase, but there is a significant decrease in the viscosity and density of the organic phase. Based on the results obtained in the metallurgical program, it was decided to run plant scale tests at both SX plants, Mantos Blancos and Mantoverde. In these tests, instead of adding the usual formulation of aldoxime modified with TXIB to maintain the organic inventory, CuPRO MEX™ 3406 which is an aldoxime without modifier is going to be added until the original aldoxime/modifier ratio is reached. The plant tests started in April 2013 at Mantos Blancos and in June 2013 at Mantoverde and will last 18 months. The results obtained at the laboratory and pilot plant scale, together with the preliminary plant test results, are discussed in this paper.

Jan 1, 2014

By G. Kallfa P. Geo

Exploration at both Greenfields and Brownfields stages entails business risks of different nature and success rates. Greenfields exploration is exceedingly assumptive and the success rate of exploration or return on investment is low because exploration is an inherently risky business. Brownfields exploration on the other hand is less risky, as the geology is better understood, but generally speaking since the larger ore bodies close to surface have already been found the return is lower. In addition, most exploration at the Brownfields stage is generally more expensive due to extensive use of drilling. Surface geology mapping and expensive drilling have been key technical contributors to most exploration programs over the last two decades. However, as client expectations, logistics, target depths and complexity of exploration programs increase, there has been a growing emphasis on using geophysical techniques to complement other methods. Integration and optimization of various geoscientific disciplines is becoming more important in successful exploration programs of the future to reduce exploration risks, successful integrated exploration requires putting reliable geophysical parameters and correspondent petrophysical property contrasts into an assumed or conceptual geological model. This paper discusses a new multi-parameter geophysical methodology finalized in a unique conceptual geologic model which can be used either as a root model in grassroots exploration or as an efficient tool in Brownfields exploration to successfully find satellite orebodies of almost any size. The application of a new multi-parametric geophysical approach to Brownfields exploration is illustrated with examples from Manitoba, including a past producing nickel sulphide deposit in Lynn Lake and the Reed Copper deposit, currently in development.

May 1, 2013

By C. Langer

Although the existence of precious metals, particularly those of the platinum group, in the nickel ores in the Sudbury district has been known for a good many years- almost as long as the ore deposits themselves- the Mond Nickel Company were the first to effect their recovery on a commercial scale. The precious metals values of the different Sudbury ores vary considerably, and are generally higher in the copper-rich ores. These values are so very small that a direct determination in the ores gives quite unreliable results. This is not surprising if one considers that some of the ores contain on1y one unit of total precious metals in about two million units of ore, and that this one unit will consist of seven different metals, each with a different chemical behaviour. It is only after the ores have been smelted to a Bessemer matte containing about 80 per cent combined copper and nickel that the precious metals content can be determined with some degree of certainty. From the figures thus obtained, the precious metals content of the ores can be calculated, provided the tonnage of ore used to produce one ton of matte is known. The recovery of these minute quantities of precious metals out of ?such a large amount of gangue and sulphides of iron, copper, and nickel seems at first glance a commercial and technical impossibility. Nevertheless, science has found a way to conquer all the difficulties, and quite substantial quantities of the precious metals contained in the Sudbury nickel-copper ores have been regu1arly recovered for many years by the Mond Nickel Company.

Jan 1, 1927

By D. P. Ziegler

Formulas relating economic optimum busbar cross sectional areas to busbar cost, electric price and financial parameters are reviewed and revised. Application of the formulas is illustrated with discussion of the appropriate choice of parameter values and the sensitivity of the optimum to the parameters. The extension of the single busbar concept to optimization of more complicated arrangements of bus for smelting pots is complicated by the constraint of obtaining a specified current distribution. An example problem illustrates the optimization of a section of a bus network containing a fork, with the imposed limitation of achieving a specified uniformity in the current. In cases where the current in the individual conductors may vary, Kelvin's law does not apply. Further extension of the technique to a full pot set of conductors poses additional problems which are discussed, but whose solution has not yet been accomplished. Aluminium 2006 45th Annual Conference of Metallurgists ofCIM Montreal, Quebec, Canada Edited by

Jan 1, 2006

By C. Karpuz, Y. S. Istanbulluoglu

This paper describes the results of convergence measurements conducted about five years for the re-use gate roadways at OAL lignite mine in Turkey. Double lignite seams separated with a marn layer, are mined with long-wall retreating mining system at the mine. Rib pillar has been abandoned and gate roadways were planned to be packed for the re-use of full extraction. Various packing systems have been attempted, namely three rows of woodenchock, one row of wooden chock plus concrete wall and concrete wall only. The re-use of maingate roadways packed with wooden chock yielded 62% of closure. Lastly developed concrete packing of 3 meters wide and specially developed support set composed of three friction props and a cap, which is a modification of yieldable set, have successfully maintained the main and tail gate roadways stability with a total vertical convergence of 32%. Good correlation has been established between pack stiffness and floor heave as well as maingate and tailgate convergences. The elimination of rib pillars by re-use of gate roadways increased the coal recovery by 20% and decreased the development/production ratio from 0.065 m3/ton to0.022 m3/ton.

Jan 1, 1997

By Y. Kashiwaya, J. Yagi, P. R. Austin

The problems of global environment and resources have become important issues in recent years, and the iron and steelmaking industry is requested to decrease energy consumption and carbon dioxide emission. The improvement of efficiency of ironmaking system is one of the countermeasures for these problems because more than a half of total energy input to the integrated steelwork is input to the ironmaking system. Various approaches to improve the blast furnace process have been made. The authors examined their performances through mathematical simulations of blast furnace operation, and confirmed the improvement of blast furnace efficiency under some operating conditions. The ironmaking system consists of various processes, and the materials and the energy are transported among these processes. Thus it is necessary to evaluate the efficiency of the novel operation of blast furnace based on the ironmaking system. In this study, the balances of material and energy on ironmaking system that consists of blast furnace, coke oven, sintering and hot stove processes were analyzed. The operation status of each process in the system was adjusted according to the results of the operation simulation of the blast furnace under novel operating conditions. The analysis clarified the effect of the blast furnace operation on the energy balance and CO2 emission of the ironmaking system.

Jan 1, 2015

By D. A. Bordin, C. J. Newman, R. J. St. Eloi

"The requirements for a metallurgical acid plant treating smelter gases are both unique and demanding in terms of sulphur dioxide treatment and emission control. Since start up in 1981, the copper smelter at the Kidd Creek Division of Falconbridge Limited has undergone several major expansions. The expansion and modification of the acid plant has been an integral part of this process. Both production demands and government regulations dictate that this metallurgical acid plant be unique in terms of operating flexibility. The variable capacity to treat a wide range of sulphur dioxide concentrations, and the operating flexibility to control emissions are the topics of this paper.INTRODUCTIONThe Kidd Creek Division of Falconbridge Limitied is a base metal mining and metallurgical complex located in Timmins, Ontario. The discovery of the original copper-zinc-silver orebody was announced in April, 1964. Mining operations began in 1966 with a 9000 tonne per day concentrator coming on stream in November of that year. In April 1972, a 108 000 tonne per year zinc plant was commissioned. Over the years the facilities have been expanded, such that the concentrator now has the capacity to process 13 000 tonnes of ore per day . To expand zinc production, the world's second installation of the Cominco/Sherritt pressure leaching facility was completed in 1983 to bring total zinc production capacity to 125 000 tonnes per year. In 1973, serious planning for a smelter operation began. In early 1975, after studying both continuous smelting and flash smelting processes, a decision was made to proceed with the technology offered by Mitsubishi Metal Corporation of Japan. The Mitsubishi Continuous Smelting Process was to be used for the smelter and the Onahama No.3 tankhouse technology for the copper refinery.The smelter, which uses the Mitsubishi Continuous Smelting Process for the continuous production of blister copper from concentrate, went on line in June 1981. It has been expanded from its original capacity of 60 000 tonnes to 100 000 tonnes per year of copper.From the very early design stages for the metallurgical complex, the company had adopted a policy of constructing and operating modern plants which would meet existing and anticipated environmental standards. With this in mind, the decision was made to utilize the proven technology of fixing sulphur dioxide emissions, in the form of sulphuric acid. A 636 tonne per day single absorption contact acid plant was built to serve the zinc plant in 1972. In 1981, an 883 tonne per day double absorption contact plant was built to serve the needs of the copper smelter. The copper smelter acid plant has since been expanded to a design capacity of 1692 tonnes per day and it is the main focus of this paper."

Jan 1, 1989

By J. C. Rudolph

"THE TOPIC on which I am speaking this afternoon is ""The Future of the Canadian Oil Industry.'' At the time of C + 100, we should take a searching look at ourselves, an honest appraisal of our achievements and a forthright accounting of our shortcomings as well as the uniquely Canadian aspects of this industry. I would like to put before you some of my views on the direction we are taking in the exploration field and in the production field. I would also like to speak briefly on some of our problems and the role of the various segments of our industry in solving these problems.First of all, let us look at the exploration picture. We are in the midst of an exploration boom. There were 133 seismic crews active in Western Canada this winter, the highest since 1957, land prices are appreciating rapidly, Canadian oil reserves increased + 16 per cent during 1966, there is a great demand for technical personnel of every kind and the whole industry, except the drilling segment, seems to be prospering. This surge of activity has its roots in two major occurrences. The first of these was the change in the pro-ration system in Alberta, the major producing province, accompanied by the change in spacing pat-terns. The proration change was designed primarily to encourage in-creased exploration and it has certainly had this effect. It has also had the unforeseen effect of put-ting everyone into what we, in the oil business, call ""elephant hunting."" In other words, the days of the development of barely economic, marginal fields are over. Oil companies today are only interested in high-reserve, high-productivity, high-quality reservoirs."

Jan 1, 1968