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On the recent trip from Vancouver to Calgary with the President, Mr. C. C. Huston, and yourself, I had the opportunity of outlining a plan based on the following: Among the aims of the Institute are, obviously, the fostering of the confraternity of those engaged in the technical and management fields of the mining and petroleum industries. This may be achieved in a number of ways, of which, to me, the interchange of ideas and experience between different parts of Canada and different sections and divisions of the Institute appears to be one of the most important. I think you and the membership as a whole are, and have been, well aware of this. The annual tour of the President .and Secretary, particularly their visits to Branches, shows this to be true. The interchange of ideas through the medium of the BULLETIN also illustrates the point; indeed, most Institute activities are directed along these lines. I am convinced that much more could be accomplished if it became financially possible to do so. Many able and fine men are, I think, willing and anxious to give their time and energy to furthering these phases of Institute activity, but it is unfair to expect them to assume as well the financial obligations involved. Specifically, I would suggest that the following could be done if sufficient funds were available:

Jan 1, 1952

By W. A. Lang

Introduction Under our present civilization, industrial developments will be greatest in those areas in which energy .can be most economically produced and efficiently used, where labour is in adequate supply, and where markets for the products of industry are available. A knowledge of fuels- the present major sources of energy- and of their utilization is therefore of vital importance. With that in mind, the aim in this paper will be to outline the known reserves of fuels in Alberta, to give their characteristics, to indicate the markets served by each, and to offer some suggestions for the future development of the coal industry. The paper should be regarded as a compilation of published data rather than as an original treatise. Alberta is richly blessed by having large reserves of mineral fuels. The estimated reserves of coal are 46,562 million tons. Alberta is the oil and gas province of Canada. The world's largest deposit of bituminous sand occurs along the Athabaska river in Alberta. In addition, there are large areas of forested land in the northern and western sections of the Province, and the rivers serve for the development of hydro-power.

Jan 1, 1949

By O. A. Carson

Introduction Although the equilibrium conditions of the copper-tin alloys have been the subject of a ?great amount of research, the equilibrium diagram is still in doubt. The first systematic investigation of the series was made in 1894 by Le Chatelier, who published a freezing-point curve. In 1895, Roberts-Austen and Stansfield published the complete liquidus and partial solidus curves, which they modified somewhat in 1897. Their liquidus as given in 1897 is essentially that accepted today (Figure 3). Haycock and Neville also published a liquid us curve in 1897. In 1898, William Campbell published a series of micrographs showing the changes in microstructure which accompanied the thermal changes of Stansfield? s diagram. The classic work on the bronze series was published by Heycock and Neville in 1903. Their diagram was based on both thermal and microscopic evidence, and is the first for this series of alloys which can be considered nearly complete. Further, it was the first bronze diagram in which any attempt was made to apply the phase rule in the interpretation of the thermal and microscopic results. That portion of Heycock and Neville's diagram covered by the present work is reproduced in Figure 7.

Jan 1, 1929

By N. Wang, A. I. A. Salama

"An index to evaluate the amenability for processing of different coals is implemented. The index is based on the well-known Mayer-curve or M-curve. The index is superior to other existing indices and is implemented using Microsoft-Excel™. Several coals are used to demonstrate the implementation of the index proposed.IntroductionIn 1950, Mayer introduced a curve that carries the information embedded in the fir s t three curves or ash curves of the conventional washability tables and curves (Peng et al., 1979; Osborne, 1988). The curve was labeled the Mcurve (abbreviation for Mittlewertkurve in German or the Mayer- curve). The main idea behind the curve is to use the ordinate for the cumulative mass and the abscissa for the ash (attribute) mass. Specific slopes on the resulting curve represent the cumulative float, cumulative sink, and elementary ash (attribute) contents (Mayer, 1950, 1953, 1957; Venkatesan, 1975; Osborne, 1988; Salama, 1989). Beyond the ash values, the curve carries graphical information that can be used in evaluating coal processing characteristics. Consequently, it becomes possible to present several raw coals on a single diagram, thus making it easier to compare their processing characteristics. This is particularly useful in comparing various size ranges of raw coal or the same size range from different seams. Therefore, the M-curve is adopted as a vehicle for developing the “processing (washing) characteristics index” implemented in this paper."

Jan 1, 2001

By M. W. Airth

ON THE 6TH JULY in the year 1953 an announcement was made to the public that touched off one of the greatest staking rushes in the history of mining in Canada and resulted, in tl1e space of a few short years, in the development of the greatest reserves of uranium-bearing ore in the world. It was ?On this date that the famous "Blind River back-door staking bee" was completed with the acquisition of some 2,000 claims by the Preston East Do me-Technical Mine Consultant teams under the direction of Mr. Franc Joubin and Mr. Robert C. Hart. That story has been told from coast to Coast and is too well known now to re-quire elaboration. Suffice to say that, in the short elapsed time of less tl1an five years from that momentous summer of 1953, three of the Algoma mines are in full production, three more are rapidly nearing full production, five more 1are approaching the production stage, a new hard-surfaced highway, 108, has been built to serve the area, and a brand new, completely planned city, Elliot Lake, is being built to provide the amenities of living to the 22,000 people already in the area.

Jan 1, 1958

By X. (Mike) Yao

Rock mechanics engineers must provide ground support designs that ensure a safe underground working environment. Unexpected falls of ground are unacceptable while ground support systems must be adequate. Ground support must be economic for the area supported and the time frame the opening is in use. While numerical modeling can be used for ground support design, empirical models are still the common useful design tools. Empirical models are best developed and improved from local experiences although some models, such as Stability Graph (Potvin et al, 1992), are in extensive use by the Canadian mining industry. To determine the adequacy of ground support practices at HBMS, a database of 50 fall of ground case histories between 1985 and 2001 was compiled. For each failure, the recorded data included: location, rock type, rock mass conditions, opening and failure geometry, installed ground support and failure mechanism. An analysis of the database was done to obtain an understanding of failure frequency association with rock types, stope geometry and installed ground support, and to assess what support design changes were necessary. The paper describes changes made to ground support and mining practices during the last five years, and the formation of new ground support standards and practices which have been successful in reducing ground falls while providing improved, efficient and economical ground support.

May 1, 2002

By Stéphane Robert

This document presents estimates of future "total cash cost per ounce" and "minesite cost per tonne" that are not recognized measures under United States generally accepted accounting principles ("US GAAP"). This data may not be comparable to data presented by other gold producers. These future estimates are based upon the total cash costs per ounce and minesite costs per tonne that the Company expects to incur to mine gold at the applicable projects and do not include production costs attributable to accretion expense and other asset retirement costs, which will vary over time as each project is developed and mined. It is therefore not practicable to reconcile these forward-looking non-GAAP financial measures to the most comparable GAAP measure. A reconciliation of the Company's total cash cost per ounce and minesite cost per tonne to the most comparable financial measures calculated and presented in accordance with US GAAP for the Company's historical results of operations is set forth in the notes to the financial statements included in the Company's Annual Information Form and Annual Report on Form 20-F, for the year ended December 31, 2009, as well as the Company's other filings with the Canadian Securities Administrators and the SEC.

May 1, 2011

By W. K. A. Congreve

Introduction Less than a hundred years ago the engineer was able to do his job without concern for the science that underlay his practices or for the men who operated his machines. But toward the end of the last century science began to be applied to industry, and its success was such that the plant which clung to empiricism was unable to compete with the plant that followed science. Even more recently, the engineer has been forced to consider the men who operate his machines, for modern large-scale industry has given these men education, social security, and power. Hence the engineer can get good, steady labour to operate his machines only if he can offer inducements. Wages are in general outside the control of the engineer, but he is able to control working conditions. This essay is concerned with one factor of good working conditions: safety. The writer became interested in this problem during three months' summer employment as a student at the Sullivan concentrator of the Consolidated Mining and Smelting Company and was surprised at the distance his investigations led him from the field of pure engineering into the fields of psychology, education, and publicity. Nevertheless, because safety has to do with machines and with men who operate machines, and because it profoundly affects plant efficiency, it is the job of an engineer, not of a psychologist or teacher, nor of the salesman publicity expert who is often so unfortunately employed in personnel relations. The size and complexity of the subject has limited the scope of this essay to the consideration of only a few aspects of industrial safety. Considerable attention has been given to the underlying principles, but the mechanical side of accident prevention, the design of equipment, erection of guards, etc., and the very important problems of organization and administration, have not been given attention proportionate to their importance.

Jan 1, 1948

By M. Peshko, J. C. Gingerich, L. W. Matthews

"Noranda has successfully developed and implemented two leading-edge mineral exploration technologies — hyperspectral remote sensing and 3-D seismic surveying. Airborne hyperspectral imaging provides detailed geological and mineralogical mapping capability at both a regional and project scale that facilitates improved selection of prospective terrain and an accelerated exploration cycle. Noranda, in partnership with Falconbridge, has licensed the exclusive use of the Earth Search Sciences Inc. (ESSI) Probe-1 hyperspectral scanners (128- channel, 0.43 µm to 2.5 µm spectral range) that are capable of mapping in excess of 3500 km2 per day at 10 m pixel resolution. The technology has been successfully deployed on four continents over a broad range of terrain from desert to boreal forest and the high Arctic.To augment the company’s deep search initiatives, Noranda has successfully modified and implemented existing 3-D seismic technology to help targeting massive sulphides located at depths ranging from 500 m to 2000 m. In the fall of 1998 and early 1999, Noranda completed an 18 km2, 3-D seismic program in eastern Canada by successfully drill testing acoustic impedance anomalies locating massive sulphides at depths in excess of 1100 m."

Jan 1, 2002

By John Stubbles

Data are presented on the global warming issue to reinforce the decision by the U.S to reject the Kyoto protocol. The evidence that CO2 is a problem rather than a benefit is inconclusive and will be discussed in this paper. Nevertheless, for economic reasons alone, the US steel industry will continue to minimize CO2 emissions (and the release of real pollutants) per ton of steel through energy reduction programs. However, relative to inevitable increases in absolute CO2 emissions from the utility industry and the transportation sector, future reductions by the steel industry will be inconsequential in the "big picture."

Jan 1, 2004

By N. Aslin, G. Heferen, H. DeWaal

"Mount Isa Mines (MIM) acquired a reputation for the successful application of R&D to develop break-through technologies for the mining industry starting in the 1978’s through until the early 2000’s. The ISAPROCESSTM tank-house technology has been licensed to copper refineries throughout the world, and a significant per cent of the world’s copper is refined using this technology. Since development in the late 1980’s more than 20 ISASMELTTM copper and lead smelting furnaces are now installed in countries around the world. Jameson Cell flotation technology developed jointly by Mount Isa Mines and Professor Graeme Jameson is widely used in the Australian coal mining industry and increasingly in the base-metal and gold industry. The IsaMillTM’s developed at Mount Isa and McArthur River made it possible to develop the McArthur River and George Fisher orebodies and has been successfully implemented into base metal fine grinding applications around the world. The most recent commercialised innovation is the atmospheric leach Albion ProcessTM with its supersonic HyperSpargeTM gas sparger, is being adopted as a solution to the increasing complexity of orebodies. MIM’s contribution to the industry was significant given the size and the remote location of its operations with Townsville Copper Refineries more than 1350 km and Mount Isa 1800 km from the nearest state capital of Brisbane. This paper will briefly discuss the development of each of these technologies and why MIM – now owned by Glencore - was so successful innovating and developing such technologies over a period of nearly 40 years.INTRODUCTION Mount Isa is located in the Gulf Country region of Queensland about 1800 kilometers North West of Brisbane (see Figure 1). It came into existence because of the world class mineral deposits found in the area. In 1923 the orebody containing lead, zinc and silver was discovered by the miner John Campbell Miles. Mount Isa Mines Limited (MIM) was founded in 1924 to develop the minerals discovered by Miles, but production did not begin until May 1931. It paid its first dividend in 1947 after 16 years of troubled production. In 1954 the 1100 copper orebody was discovered and with rapidly rising reserves during the 1950’s and 1960’s led to the construction of new concentrators to treat lead/zinc/silver ores in 1966 (#2 concentrator) and copper ore’s in 1973 (#4 concentrator). The difficult nature of the Mount Isa lead-zinc orebodies has meant that the company had always needed to be at the forefront of mining technology. In the 1970’s through to the 1990’s, it became a world leader in developing new mining techniques and processing technologies as a response to declining metal prices and rising costs. Mount Isa has been smelting copper since 1953 and lead since the early 1930’s. Copper Refining at Mount Isa’s fully owned subsidiary of Copper Refineries Proprietary Limited (CRL) had commenced operations in 1959."

Jan 1, 2018

By Pierre Pelletier, Christian Pichetie, Dany Pelletier

"IntroductionDuring 1994, Barrick Gold Corporation, or American Barrick at that period, acquired Lac Minerals Ltd. properties. One of them was the Bousquet Complex. The Bousquet Complex is divided into three distinct sites: one mine (Bousquet 2), one mill (Est-Malartic Division) and one analytical chemistry laboratory (Les Terrains auriferes).The Bousquet 2 orebody was discovered in 1986. An extensive drilling program was initiated during 1987. Its purpose was to define the orebody extent. At the end of 1997, gold production from Bousquet 2 mine reached 1 290 000 oz of gold from a cumulative tonnage processed of 4 175 000 M t.From 1980 to 1990, the Est-Malartic mill was used for the treatment of ore from the following mines: Bousquet 1, Doyon, Francoeur (Richmont mines), Buckshot and 1-20 stope. At present, the mill receives ore from the Bousquet 2 mine.HistoryThe Est-Malartic mill is located close to the town of Malartic in northwestern Quebec. The mill has been in production since the mid-1930s processing mainly clean, free mill gold ore. Active mining from the Est-Malartic mine ceased in 1979 and the mill was switched to custom processing of ore from La Mine Doyon located some 45 km to the west. This custom processing arrangement continued until 1987 when the expanded mill at Doyon became available to process all of the Doyon production. In 1987, Lac Minerals commenced development of a second mine at the Bousquet site located 40 km west of Malartic. This mine, Bousquet 2, is the down dip extension of the La Ronde mine developed by Agnico Eagle. During pre-feasibility evaluations, it was determined that it would be economically more attractive to modify the existing Est-Malartic mill than building a new facility on site. The Est-Malartic mill modifications for processing the high-copper/gold ore from the Bousquet 2 mine began in late 1989 and new circuits were commissioned in mid-1990. Modifications included the addition of both gravity and flotation concentration circuits to recover coarse, free gold and the copper. The existing leaching circuit continued to operate on the copper flotation tailings with some minor modifications to the solution handling systems. A S02/Air cyanide destruction circuit was also added at that time."

Jan 1, 2000

By J. Shanks

A S far back as 1925, Brazeau Collieries, Limited, became interested in .briquetting. This was brought about by complaints from their principal customer that stack losses, due to a high percentage of fine coal in their mine run, were excessive. The Company considered oil spraying of the fines. This, after some experiments and tests had been made, was ruled out as uneconomical and impracticable. When sufficient oil to be effective was put into the fines, it caused the coal in the tender of stoker-fired engines t0 arch over the screw feeder. The Company ultimately placed their problem in the hands of the Re-search Department of the University of Alberta. Experimental work was carried on by this department over a period of more than a year. The results obtained and the experience gained in this research work were conveyed to Brazeau Collieries in a report dated October 31st, 1929, and in a supplementary report dated February 2nd, 1935. Most of the results obtained in experimenting with Brazeau coal are embodied in a brochure, reprinted from the proceedings of the Second International Conference on Bituminous Coal, Vol. 19-24-28, entitled Principles in the Briquetting of Coking and Non-Coking Bituminous Coals, by E. Stansfield and W. A. Lang. All who are interested in briquetting should read this brochure. In the writer's opinion, iris the most important treatise on the subject printed in recent years. The results given in the paper are, of course, those obtained in laboratory investigation. It was pointed out to the writer that it would be most interesting to have such results correlated with those obtained in commercial practice. In this short paper, an attempt is made to do so.

Jan 1, 1942

By V. A. James

The new electrolytic copper refinery situated at Copper Cliff, Ontario, has been in operation for over a year and a half. This plant is operated by the Ontario Refining Company, Limited. The associated companies behind the enterprise are the International Nickel ?company of Canada, Limited, the American Metals Company, Consolidated Mining and Smelting Company of Canada, Limited, and Ventures, Limited. The plant was an outgrowth of the rapid development of copper resources in the nickel-copper ores of the Frood and other great mines in the Sudbury district, and of the desire to have all primary production units grouped together as compactly as possible. Starting anode furnace operations in June, 1930, and electrolytic refining on July 1st of that year, after a record-breaking construction programme completed in only fifteen months, the plant soon settled into its stride and the usual starting-up difficulties were .rapidly overcome. The rated capacity of the plant, namely, twenty million pounds of refined copper per month, has, of course, never been reached, due to depressed business conditions and latterly to the world copper agreement limiting production. It may be said, however, that the present installation has proved its ability to produce in excess of its rated capacity, and with relatively minor additions to plant and equipment that capacity can be doubled. Owing to the severity of the winters, when temperatures of from 20 to 40 degrees below zero are to be expected, the building of this refinery involved a number of problems in insulation, layout, ventilation, etc., which were rather unusual in copper-refinery construction.

Jan 1, 1932

By Fidelis T. Suorineni

The Ashanti mine, located in Obusai, Ghana, West Africa, has been in production for over 100 years, and is currently the second largest single gold producer in Africa. The mine covers a concession area of 434 square kilometers with four main ore types: the quartz vein type, disseminated sulphide type, supergene sulphides and transition ore, and granitoids stock works (visible gold and quartz veinlets). Various mining strategies and methods have been employed for the mining of the narrow-vein ore at Ashanti. In recent years, the mine owner: Ashanti Goldfields Company Ltd. has embarked on a mine-wide expansion program to boost production to a target of one million ounces per annum. With the rapid depletion of its high-grade ore, a suitable mining method was required to produce a high tonnage at low cost to meet production objectives. This paper discusses how the Ashanti mine applied Canada experiences in mining technology to boost production, and the impact that the differing geological settings between the two countries had on the stope performance at the Ashanti operations. Experience developed at the Ashanti mine led to innovative modifications for stope layout and design methods in relatively poor ground conditions.

Oct 1, 2001

By R W. Hutchinson

Cupreous pyrite deposits in Cyprus have many geologic similarities to Canadian massive sulphide copper-zinc ores as well as certain significant differences. A comparison of the Cyprus and Canadian deposits indicates a complex genetic history for the latter and suggests that their origin should be re-examined. The Cyprus ores occur in subaqueous extrusive rocks near and at the top of a Cretaceous volcanic pile or igneous complex. The rocks have not been deformed, nor have they been deeply buried or deeply eroded. Apparently the ores formed near or at surface in the top of the volcanic pile by a volcanic-exhalative process and from an ore-fluid of volcanic derivation. The Canadian deposits are of comparable composition and have similar geologic set-tings, but occur in the most ancient Precambrian rocks. Their enclosing Keewatin greenstones have, in most places, been deformed, regionally metamorphosed and invaded by granitic intrusions. Comparison suggests that the Canadian ores also formed initially near surface in ancient Keewatin volcanic complexes by a syngenetic, volcanic-exhalative process. Subsequently, during orogenesis, they were deformed, remobilized under conditions of elevated pressure-temperature and re-emplaced as epigenetic bodies into

Jan 1, 1965

By L. M. Scovell

The Internet and its related technologies will radically change the way that mines manage and control their maintenance, repair, and operating supply chains. The Internet is creating new distribution channels and offers new technology platforms with significant advantages over more traditional methods. Mines will have to re-evaluate both the strategies and the tactics employed in these areas. Mines will use e-commerce to integrate their maintenance, repair, and operating supply chains. The integration will extend beyond traditional trading partners to a worldwide network of communities with similar interests and goals. The changes will transform the way mines operate, lower mining costs, and thereby increase their chances of success in an increasingly competitive environment.

Jan 1, 2000

By George F. Crocker

Introduction The Helen mine and the Victoria mine of Algoma Ore Properties, Limited, in the Michipicoten district, Ontario, are 120 miles north of Sault Ste. Marie, on the north shore of lake Superior. They are on the Algoma Central railway between Hawk Junction and Michipicoten Harbour. Between them, these mines have produced 10,757,113 tons of iron ore. From 1900 to 1918, 2,823,369 gross tons of brown ore was shipped, and from 1939 to the end of 1949, 7,933,744 tons of siderite was produced from the open-pit operations and underground development. The finished product, known as 'Algoma sinter', is shipped to blast furnaces both in Canada and the United States. The iron-ore bodies are a part of a tabular shaped area of iron formation that extends over a length of more than 10,000 feet and has maximum width of 1,000 feet. The two siderite orebodies, known as the Helen and Victoria, are separated by two diabase dykes. The Helen orebody is 1,600 feet long with a maximum width of 250 feet and the Victoria is 1,200 feet long with a width comparable to the Helen. These orebodies are considered to be a replacement of the original rock by iron carbonate. The introduction of the iron-1bearing material probably occurred after the development of the major folded structures. The open-pit mining of siderite started in the Helen ore body in 1939 and continued until 1945. During this period, 3,853,395 tons of ore was mined. Open-pit mining started in the Victoria body in 1946 and is still being carried on. Underground development commenced in September, 1947. Diamond drilling and surface sampling had shown the Helen deposit to average 35.61 per cent Fe and 7.28 per cent SiO2, and the Vi.otoria deposit 33.73 per cent Fe and 10347 per cent SiO2?

Jan 1, 1950

By D. C. Peck, James. R. S., Chubb. P. T.

"Abstract -The East Bull Lake gabbro-anorthosite intrusion is one of several Early Proterozoic layered matie intrusions occurring along the Southern Province - Superior Province boundary in the Elliot Lake - Sudbury region, Ontario. The base of the East Bull Lake intrusion comprises abundant plagioclase cumulates (Leucogabbronorite Zone) hosting two distinct styles of sulfide mineralization: (1) disseminated magmatic sulfides, and (2) disseminated to massive, structurally controlled sulfides. Both types of mineralization are enriched in Pd, Pt, Au, Cu and Ni. The host rocks to the sulfide mineralization display a range of interesting features including nodular textures, dendritic­ pegmatitic matie pods, inclusion-rich zones (pyroxenite, anorthosite and granitic inclusions) and mag­ matie breccias. Disseminated chalcopyrite, pyrrhotite and pentlandite occur in concentrations of up to lOOJo within erratically distributed gossan pods near the base of the intrusion. The sulfides were originally precipitated from intercumulus liquids, but were subsequently recrystallized and locally remobilized along fractures during the major period of metamorphism and deformation that af­ fected the East Bull Lake intrusion. The base- and precious-metal tenor of the structurally controlled sulfides can be explained by extensive remobilization and reconcentration of the pre-existing magmatic sulfides in the vicinity of a major shear zone. Both styles of sulfide mineralization locally contain ppm abundances of POE + Au and are generally Pd- and Cu-rich, although both display large variations in Pd :Pt and Cu:Ni ratios. The magmatic sulfides are more strongly enriched in POE and contain up to 1470 ppm Pd in 100% sulfide. Severa! factors, including source characteristics, magmatic processes (crustal assimilation, fractional crystallization) and post-magmatic inter­ action with hydrous fluid, have influenced the present distribution of POE, Cu and Ni in the East Bull Lake intrusion .The magmatic sulfide occurrences from the East Bull Lake intrusion compare favorably with marginal-type deposits from rift-related intrusions (Noril'sk-Talnakh region, Siberia; Duluth Com­ plex, U.S.A.) in terrns of their distribution, but are most similar to reef-type POE deposits with respect to their base- and precious-metal geochemistry. The combination of high POE tenors and large tonnages that is observed for the POE-Cu-Ni mineralization from the East Bull Lake intrusion suggests that a good potential exists for the presence of economie concentrations of Pd, Pt, Au, Cu and Ni in the intrusion. On a global scale, the East Bull Lake intrusion is part of a suite of Early Proterozoic plutons, many of which contain significant volumes of stratiform and/or marginal­ type POE-Cu-Ni mineralization. The East Bull Lake intrusion is also one of the oldest mineralized intrusions derived from a sub-Superior Province mantle source region that has given rise to several significant magmatic POE-Cu-Ni deposits during the period 2.5 Ga to 1.1 Ga."

Jan 1, 1993

By Milton Fies

Introduction The first experiment in underground gasification of coal in the United States was conducted at Gorgas, Walker county, Alabama, under a co-operative arrangement between the U.S. Bureau of Mines and the Alabama Power Company, at the suggestion of the Power Company. The test was conducted on property of the Alabama Power Company, that owns some 19,000 acres of coal-bearing lands on which there is developed a highly mechanized mine producing some 2,500 cons of good quality steam coal per day. At the same locality ?there is a 200,000 kilowatt steam plant one of the largest in the southern portion of the United States. The Alabama Power Company owes much of its beginning in 1912 to British vision and courage. The original plans for building hydroelectric plants in Alabama, and for the construction of necessary transmission lines, were submitted to Sperling & Company, bankers of London, who agreed to underwrite certain bond issues, the proceeds of which would be used in launching the new Company on its programme. The set-up by which these funds from England were received was through an intermediary Canadian company, which the English investors desired. The Canadian company - Alabama Traction, Light and Power Company, Ltd. became owner of the securities of the Alabama Power Company and marketed its own securities through the banking house of Sperling & Company. Without assistance at this time the Alabama Power Company could not have gone ahead with its programme of expansion and the bringing together of the properties necessary for laying the foundation for a strong Company, fortified with ample power resources essential for future requirements and for dependable service to the public.

Jan 1, 1948