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By Adrian Moore, Alan Richards, Andrew Brodbeck

Structural blast vibration limits should be based on the strength of the structure, the stress induced by blasting, and a responsible factor of safety. In this paper a methodology that uses direct strain measurements to determine the stress induced by blasting is described. The methodology has been used to measure strain resulting from blasting, and establish appropriate blast vibration limits on a brick sewer tunnel, an underground mine heading, brick veneer houses, a water pipeline, and transmission tower foundations. An outline is given of the use of the methodology to establish limits for the main entry heading of an underground coal mine, and transmission tower footings. The methodology that is described has reduced uncertainty factors, and permitted the specification of higher blast vibration limits than had been previously used.

By S Hapugoda, J R. Manuel, M J. Peterson

Microindentation testing using the square–pyramid–shaped Vickers indenter is a well-established technique to determine the microhardness of minerals and materials. However there is a paucity of published microhardness data from Fe ore samples. It is acknowledged that an iron ore’s particle mineralogy and texture is critical to its processing properties, and it is therefore considered that the microhardness of different mineralogical/textural types may also relate to these properties. Mineral microhardness potentially provides inputs to the modelling of breakage characteristics during comminution, as well as the relationship between mineral chemistry and microhardness, and mineral microporosity and microhardness. Microhardness can be determined as single crystal microhardness, for more coarsely microcrystalline samples, or as ‘aggregate microhardness’ for cryptocrystalline or finely microcrystalline samples.Variations in the texture and mineral chemistry of common Fe ore minerals (eg martite and microplaty hematite, ochreous and vitreous goethite etc) are well established and this study provides microhardness data on different textural forms of Fe (oxyhydr)oxides from a variety of different Fe ore deposits. The data indicated that in general, the mineral grain size, microporosity and texture were the main influences on Fe (oxyhydr)oxide microhardness. There were no apparent systematic variations between microhardness and minor element mineral chemistry, with the possible exception of Al content in goethite (for goethites with Al content >0.5 wt per cent), and for goethite total element contents >90 wt per cent (determined by electron probe microanalysis, EPMA). Higher Al concentrations and lower total element concentrations in goethite EPMA analyses correlated with lower goethite microhardness. Microporosity and grain size were more important than texture to hematite microhardness. Different textural forms of dense hematite (eg martite, recrystallised interlocking hematite and specular hematite) with similar grain size exhibited comparable microhardness. Microhardness values for hematite and hydrohematite with little or no evident microporosity were also similar, whereas more porous forms of martite, microplaty hematite or hydrohematite exhibited lower microhardness.CITATION:Peterson, M J, Manuel, J R and Hapugoda, S, 2017. Microhardness testing of hematite-goethite Fe ores – implications for their textural characterisation and geometallurgy, in Proceedings Iron Ore 2017, pp 319–330 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 24, 2017

By Chikaosa Tanimoto

INTRODUCTION Bratislava is located at the intersection of important traffic routes, including motor-ways, roads, railways, air traffic, trading, and inland waterway with an important harbour. The construction of the D2 Motorway Bratislava, Lamacska cesta Stare grunty was the last missing section of D2 Motorway and its completion linked the Czech Republic through Bratislava to the Hungarian Republic. Traffic was obliged until its completion to use the Lamacska Road and Mlynska Dolina, which were the most heavily trafficked roads in the city. The section of D2 Motorway to be completed in 2006 was 3,300m in length, of which the SITINA Tunnel was approximately half the length. After putting into operation the transit traffic(motorway) and urban traffic was separated. Transit traffic by passing the town was eased. The junctions D2 with Lamacska Road (Harmincova) and Mlynska Dolina also allowed better use of the motorway for the urban traffic The tunnel construction was specified by the features with the highly weathered and thermally altered granitic rock formation with the overburden of Quaternary sediment of 2?4 m thick, very thin overburden, severely controlled deformation limit and environmental protection. The tunnel had to be excavated beneath and nearby the academic complex area and the zoo, where sensitive facilities exist and animals live in. The tunnel consisted of two tunnels (Tunnel A and B) with the length of 1,415 and 1,440 m, respectively. The overburden thickness was in the range from 10?30 m. The standard cross-section and the one with invert arch were 79.5?81.5 m2 and 92.1?93.3 m2. The excavation took 21 months from September 2003 to May 2005. The construction was based on the concept of NATM. The SITINA Tunnel was the third application of NATM in Slovakia, following the BRANKISKO Tunnel (commenced in July 2003) as the first and the HORELICA Tunnel (in October 2004) as the second NATM practice. To protect the surrounding structures and citizens from tunneling operations, seismic monitoring was performed in association with blasting. The allowable limit of blasting vibration was fixed to be under the particle velocity of 15 mm/sec. The tunnel excavation cleared this limit as expected before construction. In driving through the difficult geological situation the excavation work hit 49 faults, and some of them occasionally caused serious face instability. In principle, the rock formation has been affected by the high hydrothermal effect and the resultant clay filing along faults and joints. The auxiliary reinforcement with the 4?8 m long pipe roofing was needed to protect the vicinity of mining face area. This operation extraordinarily required additional works and time which had not been expected before construction.

By A. Kale

A chlorination pilot plant having capacity to produce 5?10 kg/hr of titanium tetrachloride is in operation at the chlorination facility in Mintek. The bubbling fluid bed chlorination plant can be operated in batch and/or continuous process to study the chlorination kinetics of various feedstocks. The chlorination of titaniferrous ores to produce titanium tetrachloride (TiCl4) was carried out during the commissioning of the pilot plant and also as part of the titanium programme carried out at Mintek. TiCl4 is a basic raw material for producing commercial titanium dioxide pigment and titanium metal. This paper discusses the challenges faced during the commissioning and operation of the chlorination pilot plant. It also discusses the effect on the auxiliary facilities and instrumentation as a result of the harsh operating conditions of +1000°C and use of corrosive gases like chlorine and titanium tetrachloride. It discusses the effect of physico-chemical properties of the titanium tetrachloride and iron chlorides. The effect on the chlorinator refractory lining due to heating and cooling of the chlorinator is also discussed. Besides the special provisions made during the design of the chlorinator, this paper also discusses the operational experience and possible solutions to be implemented in future. Keywords Fluid bed chlorination, titanium ore chlorination, titanium tetrachloride (TiCl4) production using fluid bed technology.

Jan 1, 2011

By Orr C. W

In previous papers (1, 2), the influence on the creep resistance of elements normally found in commercial lead has been recorded. The results in the present paper refer to the influence of calcium, an element which is not found naturally in lead, but which has been used commercially in the form of alloys. It was realised that calcium would act as a deoxidising agent for lead-and in fact it was with this feature in view that both calcium and magnesium were used as additions. Subsequent work (including the results given in the present paper) has tended to diminish the importance which at first seemed to be associated with the presence of oxygen in lead. The structure of the dilute calcium lead alloys has been worked out in detail (S) and the phase diagram shows the existence of limited solid solubility and a compound CaPbs.

Jan 1, 1938

By R A. Lynch

The state-of-the-art in cave seismic monitoring is reviewed, with the latest developments in active seismic monitoring included. Seismic monitoring systems are routinely used by most of the world’s block and panel caving mines to track the cave initiation and progression. The current best practice is to use the cloud of seismic event locations as a proxy for cave growth somewhere below. Problems with event location reliability due to seismic ray bending around the (unknown) cave are side-stepped by using sensors installed above the cave. However, the aseismic gap – the (unknown) distance between actual cave back and seismic event cloud – currently hinders reliable estimation of cave geometry.Velocity inversions using the passive seismic data are inexpensive and should be undertaken more routinely. The straight-ray methods should be used with caution, as the underlying assumptions are invalid in caving environments. The double-difference method is more correct for the caving situation, and there have been some promising results published. Constrained geometric inversions make a lot of sense, but have yet to be demonstrated successfully.Two active seismic source have recently been developed for use in the caving environment: a piezoelectric source for ranges up to a few hundred metres and a pneumatically-powered source for ranges up to a kilometre. These sources produce signals on standard mine seismic sensors that can be used to measure seismic velocity variations down to 0.01 per cent resolution. This allows the cave progression to be monitored by measuring tiny changes to seismic velocities as the rock above the cave is fractured and destressed.CITATION:Lynch, R A, 2016. Active and passive seismic monitoring of cave front evolution, in Proceedings Seventh International Conference and Exhibition on Mass Mining (MassMin 2016), pp 217–224 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2016

By D Reddy Chinnasane

Outline Location of BirchtreeMine and Layout of 124 OB Cut and Fill Mining Background Purpose of the Studies Methodology Results and Analysis Conclusions and Recommendations

Oct 1, 2010

The Hyde Macraes Shear Zone (HMSZ) is an extensive low angle semibrittle mineralised structure in the Otago Schist Belt, New Zealand. The shear zone is located on the lower limb of a late metamorphic recumbent fold. Structural observations suggests that the shear zone initiated as a high strain mylonite zone and transgressed the ductile/brittle boundary (D4) later in its development. A surge zone at Round Hill is bounded to the south by a NE-SW striking lateral ramp which displaces the hanging wall shear (HWS) by 50 m. Oblique strike slip displacement during surge zone propagation created space for deposition of the sheeted vein complex or stockwork. Quartz recrystallisation in stockwork veins suggests that the veins were deformed in a ductile manner and implies that surge zone propagation may have occurred during late D3 deformation. A macroantiform was produced during D3/D4 shortening below the HWS. Over tightening of the antiform hinge created SW and NE-dipping ramp thrusts. Continued strike slip displacement along the lateral ramp rotated the antiform and associated ramps into a south plunging drag fold. Post-mineralisation (D5) structures include NE-dipping nonna! faults below the HWS and SW-dipping low angle imbricate thrusts above the HWS. The development of these structures was kinematically compatible with normal movement on the HMSZ and is related to mid Cretaceous break up of Gondwanaland in the SW Pacific.

Jan 1, 1992

By Aleksandar D. Bugarski

Despite extensive research efforts conducted in the past decades, occupational health risks associated with exposure to nano and ultrafine aerosols emitted by diesel power equipment are still not completely understood. The complexity of physical and chemical properties of diesel aerosols, constantly changing with the implementation of advanced diesel emissions control technologies, make this task rather challenging. The objective of this paper is to identify and characterize nanometer and ultrafine aerosols emitted by diesel engines in the underground environment and evaluate the effects of selected contemporary control technologies on physical properties, chemical composition, and in-vitro toxicology of diesel aerosols. The physical and chemical properties of the nanometer and ultrafine diesel aerosols are to be characterized through a test series in the NIOSH Lake Lynn Laboratory experimental mine. The crucial part of the study has been development of a facility that allows researchers to generate field results with precision and accuracy characteristics of a laboratory environment. The knowledge obtained from this study should strengthen our understanding of the health implications related to exposure to diesel particulate matter and aid in assessing the potential of various control technologies for reducing this exposure.

May 1, 2007

By K. Lang

A case study is provided that highlights the successful use of high efficiency electrical submersible pumps (ESPs) adapted from the oil and gas industry for a large scale, open pit mine dewatering operation. In this case, the mine is Goldcorp?s Peñasquito Mine, Peñasco and Chile Colorado open pit development areas in Zacatecas, Mexico. At the time of publication (July 2012), there were 18 vertical bedrock dewatering wells producing an average flow rate of 350 liters per second (lps) from the Peñasco and Chile Colorado development areas. Average pumping rate per well was 18 lps, with a maximum of 44 lps. The depth of wells varies from 330 m to 500m, and includes both in-pit and perimeter (ex-pit) pumping centers. A network of 50 piezometers was used to monitor the response of groundwater levels to pumping. Since dewatering operations were initiated in 2007, groundwater elevations decreased overall, from approximately 1950 m above sea level (masl) to around 1625 masl, for a total of 340 m of drawdown. The pit floor elevation was approximately 1655 masl. All of the producing wells were constructed with 16-inch boreholes, completed with 10-inch diameter blank casing and louvered screen sections and equipped with ESPs. The application of ESPs has proven to be highly effective in the case of Peñasquito?s dewatering operations. Noted advantages include the following: ? Small diameter pump allows use of smaller diameter boreholes (16 inches) and casing / screens (10 inches) reducing well drilling and construction costs ? Greater application range for flow rate and total dynamic head ? Variable speed drive systems for greater energy efficiency and flow rate optimization ? Integration of downhole instrumentation into the motor and pump assembly The advantages and benefits of using high efficiency ESPs revolutionized the dewatering program at Peñasquito open pit mine as evidenced by the number of deep vertical well installations and high dewatering flow rates and total dynamic head requirements.

Feb 27, 2013

By S Thomson, M Lovitt, T Purvis, C te Kloot, T Nguyen, Z Liu

Ernest Henry Mine (EHM), located in north-western Queensland, is an underground copper/gold sublevel caving operation currently producing over 6 Mt/a of ore. The mass mining method of sublevel caving (SLC) used at EHM involves systematically blasting a series of uphole rings in parallel ore drives and drawing the broken ore using a top-down approach. Each ore drive contains multiple precharged rings to prevent having to charge in close proximity to the brow of the previously fired ring; however, the current initiation system still involves ‘hooking up’ all detonator lead cords of the first precharged ring. The unstable nature of a rill and working close to a brow presents hazards to personnel completing the hook-up process. There is also a business risk of ore loss when damaged ground support completely prevents access to the next precharged ring. If the hook-up step could be eliminated, the risk to personnel and the business would be significantly reduced.EHM engaged Orica Mining Services in 2016 to trial their WebGenTM 100 – wireless electronic blasting system (WEBSTM) for the first time in an underground mining environment. Having successfully signal-tested the equipment, two test holes were initiated, followed by a single production ring and then multiple production rings. In total, 30 production rings were successfully fired underground at EHM in 2017. To do this, WEBSTM was successfully integrated into EHM’s current charging and firing process, resulting in no business delays or loss to production. None of the 30 rings required hooking up and all were initiated from the surface with no personnel underground. A high level of ownership from all personnel involved ensured the trial was a success, and provided scope for wireless detonators to be used successfully on a large scale – both at EHM and other sublevel caving operations. WEBSTM is now a proven example of technology that can be used to improve safety in the mining industry, through eliminating the need for personnel to work in hazardous areas.CITATION:te Kloot, C, Liu, Z, Purvis, T, Thomson, S, Lovitt, M and Nguyen, T, 2017. Improving safety through technology – Orica wireless electronic blasting system trials at Ernest Henry Mine, in Proceedings 13th AusIMM Underground Operators’ Conference 2017, pp 39–50 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 16, 2017

By G. R. Lane

A large opencast gold mining company in Africa had just completed a feasibility study for an expansion of the operations. A traditional net present value project valuation methodology had been used that showed a very positive net present value (NPV). The project team had conducted a qualitative risk assessment that identified and logged all potential project risks and had subjectively incorporated 'risk' via the discount rate and other assumption contingencies around gold price expectations, operating parameters, etc. Management requested that an independent quantitative risk modelling approach be adopted to obtain a better understanding of the impact of risk on the overall project valuation and confidence level in the final valuation. A detailed project valuation model was configured in the Cyest Carbon Modelling Technology platform, and the stochastic modelling module used to perform the Monte Carlo simulations. Analysis of historical operational performance data relating to actual achievements versus planned and budget determined the historical variability of the underlying parameters as well as variance to budget. This was done at a detailed level for mining rates and costs, processing rate, costs and recovery, and other operational efficiency measures. External market assumptions relating to gold price, exchange rate, and inflation were modelled and the dependency between them modelled using a copula. This case study will demonstrate the approach taken to building and populating the quantitative risk model and the overall results of the Monte Carlo simulation. The final valuation demonstrated that the project had a 44 percent probability of an NPV less than zero i.e. a 44 percent chance of project finance loss.

Jan 1, 2013

The Central Andes in Peru, Chile, Bolivia, and Argentina , contain two contiguous terranes which were accreted to Gondwanaland between the end of the Devonian and the end of the Triassic. These terranes, Arequipa in the north, and Chilenia in the south, differ from each other in the timing and style of their metallogenic development. However, they contain over 90% of the Central Andean porphyry copper resource. The copper porphyries in the Arequipa terrane are Paleocene to lower Oligocene in age, whereas the Chilenia deposits are mid-upper Cretaceous and mid-upper Miocene. Porphyry copper deposits occur outside these terranes, but are all Miocene in age. Miocene porphyry-style mineralisation also exists in the Arequipa terrane, but is copper-deficient and gold-rich. The accreted terranes may have favoured porphyry and other styles of copper mineralisation because they possessed relatively thin continental crust compared to adjacent parts of the Andes. Crustal thickening which commenced at about 30 Ma in the Arequipa terrane coincided with a major change to polymetallic, precious metal mineralisation which commonly displays high sulfidation characteristics.

Jan 1, 1995

By Karsten Beckhaus

"Abstract Tremie concrete for special geotechnical works needs special properties, especially during the casting process. Today’s execution standards for bored piles and diaphragm walls, EN 1536 and EN 1538, as well as the draft version of concrete standard EN 206, all comprise regulations for deep foundation concrete which have not been changed for decades. Considering the recent development in concrete technology at the same time and its actual state-of-the-art, it is essential to develop new normative specifications and specification requirements.GeneralTo allow the required integrity and quality after placing and hardening, concrete for structural elements like bored piles or diaphragm walls, used as foundations of high-rise buildings or as retaining structures for large and deep building pits, must have adequate workability and stability.In addition to requirements on mechanical properties and on durability, both of which have increased within the last decades, concrete must be suitable for being cast in deep or extremely deep excavations, see figure 1. Today’s specialist foundation engineering machinery makes it possible to drill or cut down to in excess of100 m depth. Concrete technology has developed and allows the use of high performance concrete for deep foundations. But is this capability represented by actual regulations?It has become very common for the industry to supply or use concrete with low water cement ratios, nevertheless highly flowable and set-retarded for several hours if needed. Very low water cement ratios allow design strength of 60 MPa or higher (Larisch, 2011), and a very low porosity which is required for a long service life in aggressive conditions, e.g. by chlorides.To achieve best performance, it is obvious that the concrete must completely fill the excavation and fully embed the reinforcement. As vibration of deep foundation concrete is (usually) not allowed and was anyway inefficient, deep foundation concrete must be designed to self-compact under hydrostatic pressure. Generally, it must be considered that after placement the concrete’s quality cannot be influenced anymore. Therefore, both the pouring procedure and the concrete quality must be adequate."

Jan 1, 2014

By Fengyu Ren, Ruslan Puscasu, Kunpeng Yu, Gideon Chitombo, Liangliang Kang

Weak rock mass and poor flow of material can cause excessive ore loss and dilution in sublevel caving. This paper proposes a method to establish design parameters for an inclined deposit within a weak rock mass and evaluates its effectiveness through a case study. In order to solve the problem of low production capacity and poor safety conditions of sublevel caving mining at the Yingfangzi silver mine in China and to ensure a smooth production from the refractory ore body, it is necessary to select appropriate stope structure parameters. Based on random medium theory of gravity flow and the improved equation of ore discharge in random medium, an end wall drawing experiment is carried out to determine the optimum design and flow parameters. It was observed from the experiment that, due to the influence of the randomness of particle movement, there is a mismatch in the flow parameter measurement. The flow characteristics and distribution of the marker particles are different from that of the tested particles resulting in large drawbody shape distortion. The study finds that the flow parameters obtained by the new method are more practical and account for drawpoint width and recommends that the new method for determining the sublevel stope height is used when the drawbody is a non-standard ellipsoid. The outcomes have shown a significant reduction in the dilution and improvement in the recovery rates, and the safety and efficiency of mining have been greatly improved.

By I. A. Mwamba

Plain and alloyed titanium aluminides of composition Ti-47.5 at.% Al were prepared by melting commercial-purity titanium and aluminium with additions of 1 at.% precious metal. The as-cast alloys were subjected to potentiodynamic scans in 5, 15, and 25 wt% HCl aqueous solutions at room temperature and compared for their abilities to spontaneously passivate. Addition of precious metals resulted in a general improvement of corrosion resistance by increasing the open circuit potential to more noble values. Addition of 1 at.% gold or silver to titanium aluminide did not significantly increase the corrosion potential (Ecorr) above that of the plain titanium aluminide alloy, indicating that gold and silver are not sufficient cathodic modifiers to improve the corrosion resistance of titanium aluminide in all the solutions tested. However, platinum, palladium, and iridium additions shifted the corrosion potentials to the position of the passive region of plain TiAl for all solution concentrations. This indicated that TiAl alloyed with these platinum group metals would passivate spontaneously by cathodic modification. TiAl alloyed with palladium performed the best in 5 wt% HCl solution with the most positive corrosion potential. In 15 wt% HCl solution, alloys with platinum exhibited the most positive corrosion potentials, while alloying with iridium or palladium revealed more negative corrosion potentials. Thus, palladium alloying led to the best cathodic modification of titanium aluminide in low-concentration HCl solution, whereas platinum and iridium alloying additions resulted in the best cathodic modification of titanium aluminide in high-concentration HCl solutions.

Jan 1, 2013

By R. Franfield

This paper describes a situation that many drilling and blasting contractors have found themselves in – a client?s fear of the use of explosives. In the summer of 2007 Blasting Services Ltd was asked to undertake some drilling and blasting work in an abandoned quarry that was being restored for a housing development. Previous quarrying operations had left a series of overhangs that were considered unsafe and required removing. The site contractor considered that the best and safest way to carry out this work was by drilling and blasting. Blasting Services Ltd, with the technical assistance of Exchem Explosives, designed a drilling and blasting regime to accomplish this work with a series of trim blasts. The design took into account the close proximity of a structure in very poor condition and the imposed vibration limit of 6.0 mm/s (0.24 i.p.s.). The faces were profiled, holes drilled and explosives ordered. A few days before the first blast was due to be carried out the client decided that the poor condition of the nearby structure meant that the use of explosives could not be permitted. This decision was made despite the blast design indicating that the vibration level would be well below the 6.0 mm/s (0.24 i.p.s.) limit.

Jan 1, 2009

By Rony Yupanqui C

El presente trabajo señala el proyecto de remediación de los relaves mineros realizado en la relavera Ticapampa, ubicado en el Distrito de Ticapampa – Huaráz, región Ancash, con el objetivo de remediar los relaves de TICAPAMPA depositados por más de 30 años y que contaminan al río Santa, fuente principal de irrigación del Valle del Callejón de Huaylas. El proyecto comprende la extracción de contaminantes del pasivo ambiental de Ticapampa a través de la flotación de los sulfuros de fierro, y la obtención de un material inerte (con bajo contenido de sulfuros contaminantes) para la fabricación de productos cerámicos por medio de resinas recientemente desarrolladas.

Sep 12, 2011

The metallogenic map of New Zealand shows the distribution of metallic mineral deposits, according to type and size, in relation to their geological setting. The major purpose of the map and accompanying 200-page monograph is to summarise the distribution, modes of occurrence and origins of the metallic mineral deposits of New Zealand. The map demonstrates the prospectivity of New Zealand for metallic minerals, particularly gold, silver, iron, and titanium. Information on each deposit is summarised in index tables based on major geotectonic units or deposit/commodity type. The mineral deposits are arranged and discussed in relation to tectonostratigraphic and tectonomagmatic units or terranes, under broad geotectonic divisions of the Paleozoic to Mesozoic Western Province, the late Paleozoic to Mesozoic Eastern Province, the mid Cretaceous to early Tertiary rifting phase, and the late Cenozoic Kaikoura Orogen. Regions or areas of marked concentration of mineralisation are recognised as metallogenic subprovinces or districts, namely: eastern Northland (Hg), the Hauraki Goldfield (epithermal Au-Ag-Pb-Zn-Cu), the west coast of the North Island (shoreline placer Fe), east Nelson (podiform Cr), west Nelson (porphyry Mo), the West Coast of the South Island (shoreline placer Ti), west Nelson-Westland (placer Au), Reefton (mesothermal Au-quartz veins), and Otago (placer Au and mesothermal Au-W quartz veins).

Jan 1, 1993

By Paul Sarnoff

The economics of precious metals -- depending upon who is involved --could be the economics of hope, of fear, indeed of profit and perhaps survival. For those investors seeking capital gains in a puzzling economy, precious metals involve the economics of hope. Those who are convinced that currency soon won't be worth the paper it's printed on turn to precious metals because of the economics of fear. Gold and silver have been a storehouse of wealth since biblical times. The economics of fear during the past 500 years on the Continent has caused almost every European family to make sure a private stockpile or hoard of gold, silver or coins is at hand in case the paper currency of their country undergoes the kind of disaster that came to the German Mark after World War I. Understandably, for mining companies involved in the production of precious metals, the elements of operations and management are directly concerned with the economics of profit -- and perhaps survival. To the American miner the price of precious metals in the marketplace is a matter of daily concern. After decades of selling silver to the US Government at 64.64 cents an ounce, producing silver mines suddenly became faced with prices breaking $5, $10 and $20 per ounce, and approaching $50 an ounce during the period 1978-1981. What should the miner expect one year in the future? Five years?

Jan 1, 1981