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Leadership "Organizing a group of people to achieve a common goal" Paradigms ? Rush to produce or cut costs. ? The most important thing after safety is production. ? We?ll take care of ??this?? once in production. ? I know what to do, 30 years of experience in mining. ? I want a 100% reliable operation.

Aug 1, 2013

By Jochen Petersen, Diane Taggart

"At an average of 90.3% (for the period of 1 January 2009 to 30 September 2011), Zincor’s zinc recovery was well below the industry standard of 96%. The losses through the residues, in particular the iron residue, were the biggest contributors to the overall zinc loss. It was believed that this loss could be decreased with the implementation of seed recycling. A plant trial was run to test the implementation of a seed recycle. The rate of seed addition through recycle was increased over a 4-week period. The presence of seed decreased the insoluble zinc loss by providing additional surface area for iron to precipitate onto, and reducing coating of unleached neutralising agent. The soluble zinc loss was also decreased at low and moderate seed recycle volumes. The improvement was attributed to agglomeration growth of the recycled particles, which improves the dewatering characteristics of the precipitate. In contrast, the soluble zinc loss increased at high seed recycle rates. This result was attributed to particle crowding and a low wash ratio.INTRODUCTION The Zincor refinery, which closed in December 2011, was situated just outside of Springs in the Gauteng Province of South Africa and employed the conventional Roast-Leach-Electrowin process, which accounts for 75 to 80% of the annual primary zinc production in the world. The refinery fed up to 220 000 t/a of zinc sulphide concentrate. The major portion of the raw material was sourced in Southern Africa from the Rosh Pinah and Black Mountain mines. Between 20 000 and 40 000 t/a of material was imported to make up the deficit and to improve the grade of the feed material. The iron contained in the zinc concentrates, at an average of 6.03% (for the period of 1 January 2009 to 30 September 2011), resulted in the formation of zinc ferrite during roasting, which is insoluble under atmospheric leach conditions. At Zincor, most of the zinc ferrite was dissolved in the residue treatment plant at elevated temperature and high acid strength. The leach liquor from this aggressive leach contained between 15 to 30 g/L of iron, mostly in the ferric form, and was known as the hot iron solution (HIS). The presence of iron in the liquor had an adverse effect on the zinc operation, particularly on the current efficiency in the electrowinning circuit. Therefore the iron needed complete removal."

Jan 1, 2016

By P. Quinn

"The Venturi-aerated flotation column (VAC) is based on a reactor and separator design for a new generation of flotation machines. The reactor is a Venturi tube, where the air/slurry contact takes place with intensive aeration for efficient particle collection. The separator is a column of 1-3 m length that provides quiescent hydrodynamic conditions for effective separation of bubble-particle aggregates from the remaining slurry.Aeration in the Venturi tube occurs via two mechanisms: air dispersion and nucleation (cavitation). By forcing air through a restricted passage with a fast flowing slurry stream, air is dispersed into fine bubbles. Bubble formation due to cavitation occurs on the surface of particles in the low-pressure section of the Venturi, from dissolved air contained in the liquid.Size-by-size recovery and flotation rate constants were determined for a small-scale laboratory Venturi-aerated flotation column. The results were compared to those obtained in a laboratory 2.2 L Denver cell. It is shown that the Venturi-aerated flotation column has slightly slower flotation kinetics to the Denver cell, but with much higher flotation selectivity. A portable Venturi-aerated flotation column can effectively be used to investigate process or equipment problems in operating plants.INTRODUCTIONFlotation processes can generally be divided into two sub-processes: 1) selective collection of hydrophobic particles by air bubbles and 2) separation of bubble-particle aggregates from hydrophilic particles that remain in the pulp. The methods of aeration, or bubble generation, control the mechanism of particle collection by either collision with, and subsequent attachment to bubbles, or by in situ bubble formation on the surfaces of hydrophobic particles. A flotation device should provide optimal aeration conditions for efficient particle collection and a suitable hydrodynamic environment for effective removal of bubble-particle aggregates from the remaining pulp."

Jan 1, 2002

By R. J. Goodman, P. Lafleur

This paper presents a current interpretation and projections of recent statistics on raw materials availability based on familiarity with the Canadian steel industry and its development. Problems and opportunities are recognized and discussed.

Jan 1, 1976

By Donald Leroux, Dave Scott, Giovanni Di Prisco

"The Lady Loretta lead-zinc deposit in Northwest Queensland, Australia contains an average of 5.9% lead, 17.1% zinc and 97 g/t silver. Ore mineralization is mostly comprised of fairly complex intergrowths of pyrite, sphalerite and galena. Starting in 1998, Noranda Inc., the major joint venture partner of the project, conducted extensive metallurgical test work, which culminated in July - August 2000 in a series of Pilot Plant tests. A common thread to all the metallurgical work has been the deportment of a large portion of silver into non-payable metallurgical products. Average silver distribution from four Pilot Plants shows a distribution of silver in lead concentrate of 28%, whereas silver in zinc concentrate was 49%, and 23% in the final tails.The consistently poor silver recovery as well as the fairly unusual silver distribution, particularly in zinc concentrate, was considered an issue to be thoroughly investigated. A mineralogical plan was devised to determine if these particular metallurgical results were somewhat related to the nature and mode of occurrence of silver carriers. Work was performed to determine discrete silver-bearing minerals and/or silver contained in solid solution in a suite of commonly occurring sulphides. Ore microscopy, SEM methods, Electron Microprobe and Ion Microprobe analyses were all used to answer these questions, and to find the silver carriers, so a metallurgical plan could be devised to improve silver recovery.INTRODUCTIONPotential economic exploitation of the Lady Loretta deposit in Queensland, Australia is driven by revenue derived from zinc and lead flotation concentrates and co-product silver recovery in lead. Relatively low recoveries of payable silver to lead concentrate, and high silver distribution to zinc concentrate necessitated an investigation into the natu"

Jan 1, 2002

By Michel Massé

Eleonore Project- Agenda ? Purpose and Technical Overview ? SmartEXEC Control Capabilities ? SmartEXEC System Archetecture ? SmartEXEC System Advantage Eleonore Project- Purpose and Technical Overview ? Control air quality while maintaining target production levels at minimum energy operating cost ? Improve safety, work place conditions and operation flexibility ? Reduce energy consumption and green house gases footprint

Aug 1, 2013

By Richard Peaker, Jens Lichter, Alexander V. Potapov

"The recent combination of Computational Fluid Dynamics (CFD) and Discrete Element Modeling (DEM) can provide considerable insight into the performance of flotation cells. One area of interest from a fundamental equipment design perspective has been the influence of flotation cell size and the inflow rate on the metallurgical performance of the cell. One of the specific design objectives when increasing the size of flotation cells, or increasing the feed flow to the flotation cell, is to ensure that the feed stream flowing into the cell does not have an opportunity to bypass the mechanism.This paper describes the initial modeling efforts to quantify the inter-relationship of cell size, inflow rates, and feed and discharge box placement, on the retention time distribution of solids in the flotation cell, and the fraction of particles that bypass the mechanism on a size by size basis.INTRODUCTIONThe great majority of newly installed cells in mineral processing plants world-wide are of the cylindrical tank design and this tank shape offers a number of hydraulic advantages over the older style of square cells. Cylindrical cells give symmetrical flow patterns and by careful design of the mechanism and tank internals, the flow patterns generated can concentrate the more intense mixing in the lower portion of the cell to promote good solids suspension and particlebubble contact. Simultaneously, cylindrical tank design gives a more quiescent upper zone for particle-bubble transport into the froth zone. These symmetrical flow patterns are naturally disturbed in normal operation by the slurry inflow and outflow from the individual cells. The challenge for flotation cell designers is to determine the magnitude of these flow disturbances, and to assess whether or when the inflow and outflow rates have a sufficient impact on the hydraulic flow patterns so as to potentially affect the metallurgical performance of the flotation cell."

Jan 1, 2007

By C. O’Hara, S. Roy, K. Swedburg, J. Katchen

"New Gold Inc.’s New Afton concentrator commenced operation in June 2012, producing a copper-gold-silver concentrate. During the first two years of operation, various optimization efforts have improved mill throughput, recoveries and concentrate grade. Daily mill throughput has increased 20% above the design rate. This was achieved through more consistent instantaneous feed rate and size distribution from the mine reclaim stockpile, higher pebble crusher reliability, changes to the SAG and ball mill grinding media sizes, larger SAG grate openings, reduced SAG discharge screen-deck aperture size and an increase in the maximum ball mill power draw limit. Metal recoveries at New Afton are primarily limited by liberation in the coarser size fractions; therefore, improving the grind size at a given mill throughput has been the main means of improving recovery. The average rougher flotation feed F80 size was reduced from 175µm in Q1 2013 to 165µm in Q1 2014, while the average operating mill throughput increased by 25%. Other flotation circuit changes focusing on recovery improvement include the addition of froth crowders to the rougher cells and the use of a stronger frother. The average concentrate grade increased from 22% Cu in Q1 2013 to 25% Cu in Q1 2014. This was achieved by redirecting the flash flotation concentrate stream to the regrind circuit and by the addition of lime to the cleaner circuit.This paper describes the above improvements made at the New Afton mill. The paper describes the objectives, timing and end result of each area of improvement.IntroductionThe New Afton Mine is situated approximately 10km west of Kamloops, British Columbia, 340km north-east of Vancouver. The mine has a moderate climate, access to transportation and electrical infrastructure, nearby fresh water supply, and close proximity to industrial and mining service businesses. The population of Kamloops is around 90,000 with most mine employees living in or around the city."

Jan 1, 2015

By K. G. Thorne, M. J. McLeod, D. Hoy

"Throughout the Paleozoic, a variety of gold depositional environments were created in the New Brunswick segment of the northern Appalachians because of the complexity of arc and continental plate collisions and subsequent erosion of the orogen. In southwestern New Brunswick, recent exploration and research has focused on deposits and occurrences that can be broadly classified as intrusion-related, generated by late- to post-orogenic felsic to intermediate plutonic rocks emplaced during the Early to Middle Devonian. This work has led to the establishment of models for gold mineralization and guidelines for exploration in this area, which might also be applicable elsewhere in the southern part of the province and, perhaps, throughout the northern Appalachians. The deposits in the vicinity of Clarence Stream in southwestern New Brunswick exemplify this deposit type, and highlight the emergence of a possible major gold district in the region. Durant le Paléozoïque, une grande variété d’environnements aurifères ont été créés dans le segment néo-brunswickois des Appalaches du nord en raison de la complexité des collisions entre arcs et plaques continentales ainsi que durant l’érosion subséquente de l’orogène. Dans le sud-ouest du Nouveau Brunswick, les travaux d’exploration et de recherche récents se sont tournés vers les gisements et les indices appartenant à la classe des gîtes associés aux intrusions, générés par des roches plutoniques felsiques à intermédiaires tardi- à post-orogéniques mises en place au Dévonien précoce à moyen. Ces travaux ont permis d’établir des modèles de mise en place pour la minéralisation aurifère ainsi que des guides d’exploration pour ce secteur, lesquels pourraient aussi être appliqués ailleurs dans le sud de la province et, possiblement, dans l’ensemble des Appalaches du nord. Les gîtes aux environs de Clarence Stream dans le sud-ouest du Nouveau Brunswick sont un exemple de ce type de gisement, mettant en valeur ce qui pourrait devenir un district aurifère majeur dans la région."

Jan 1, 2008

By Jim Wickens, Andy Cole, John Pekrul

"The roaster facility at Barrick Goldstrike Mine treats double-refractory sulfidic/carbonaceous gold ore. Prior to oxidation in the roasters, the ore is ground in two parallel dry grinding circuits utilizing 19’ Ø x 75’ double rotator mills. The design plant throughput was 12,000 dstpd. However, process improvements have significantly increased throughput rates by 25-50%. The current daily throughput record is 20,078 dstpd. Grinding circuit improvements contributing to this success include feed size reduction, ball size optimization, automatic ball charging optimization, and operating strategy changes. In addition to the changes already made, this paper discusses future optimization initiatives including on-stream particle size analysis and “real-time” ore hardness determination techniques.INTRODUCTIONBarrick Goldstrike Mines is located 29 miles Northeast of Carlin, Nevada, USA. Through 2001, the property has produced over 23 million ounces of gold making it one of the premier gold operations in the world.Prior to Barrick’s ownership, the property began producing gold from a small heap leach operation in 1975. The small-scale heap leach production continued through 1986, and in January 1987, Barrick acquired the property. Increased exploration activity by Barrick significantly increased gold reserves. In August 1988, a 4,500 dstpd mill facility was commissioned to treat high grade oxide ore. Also, heap leach operations had significantly expanded. In 1990, the mill was expanded to 6,000 dstpd, and the first autoclave was commissioned to treat refractory sulfide ore. By the end of 1996, the mill and pressure oxidation facility had expanded to 16,000 dstpd and heap leaching had ceased as oxide reserves were exhausted. In 2000, a roaster facility was commissioned to treat double-refractory sulfidic/carbonaceous ore."

Jan 1, 2003

By A. E. Cameron

The curve of coal production in Nova Scotia over the past forty years shows a definite maximum reached in 1913. Continued production to this maximum will require a greater tonnage per man-day, and this means there cannot be any increase in total man power used in the operations. There are still large reserves of coal but much of it will require washing or beneficiating to make a usable product. By-product recovery based on the present product ion is relatively satisfactory. Further development of secondary industries requires adequate markets for the bulk materials produced by the processing. It also requires access to other raw materials as well as markets for the principal product of the operations. Scientific investigation and research are needed to prove the quantity and value of lower grade or poorer quality coals, and methods for their recovery and utilization. Economics of further processing of present and future production must be investigated beforehand, if a successful development is to be assured. Such development cannot be expected largely to replace present markets. Production of coal for genera l use must continue to form the major function of the coal industry of the Province. Costs per ton must decrease, or subsidies or other assistance must increase, if the industry is to survive. Costs of investigation and research and costs of capital outlay for further development muse be met.

Jan 1, 1944

By M. Beth McClenaghan

This paper summarizes diamond exploration techniques used in glaciated terrain, focusing on indicator mineral and geochemical methods applied to glacial sediments. Understanding the ice flow history, depositional history, and stratigraphy of glacial sediments are essential to successful sampling, interpretation and follow-up of indicator mineral and geochemical anomalies related to kimberlites. Kimberlite indicator minerals survive glacial transport over long distances and the relative abundance of each mineral in till is a function of the primary mineralogy of individual kimberlites. Indicator mineral distributions observed at a regional scale define the net effect of glacial dispersal, often along different ice flow directions. Local-scale distributions define individual dispersal trains. The medium sand (0.25 to 0.5 mm) fraction of heavy mineral concentrates prepared from glacial sediment samples is best suited for indicator mineral surveys. The application of till geochemistry to diamond exploration is increasing because it is significantly cheaper than indicator mineral analysis and it can be performed quickly. The <0.063 mm (silt+clay) and 0.5 to 2.0 mm (coarse sand) fractions provide the best geochemical contrast between background and kimberlite-rich till. Kimberlite pathfinder elements that provide good contrast include Ni, Cr, Ba, Co, Sr, Rb, Nb, Mg, Ta, Ca, Fe, K, Ti and REE, the relative importance of which will depend on kimberlite composition as well as that of the surrounding bedrock.

May 1, 2002

By J. F. Archibald

A research effort has been undertaken, under Workplace Safety and Insurance Board of Ontario (WSIB) sponsorship, to characterize the support capabilities of conventional and innovative spray-on lining materials for mitigating dynamic failure effects created by simulated rockbursts. Conventional spray support media, such as shotcrete and fibrecrete linings, and a variety of new spray-on lining materials [thin, spray-on liners (TSLs)], typically polymer-type thin coatings, were subjected to simulated rockburst influence. For baseline comparison, conventional rockbolt and bolt-and-mesh support products were also evaluated. Observation of lining performance was undertaken through completion of field-scale support and rock detonation trials. Controlled blasting tests were conducted at the Queen’s University Explosives Laboratory to examine the effectiveness of the variety of surface coating agents for modifying dynamic rock spalling processes. All tests were performed upon largely undisturbed and homogeneous rock materials in highly repeatable fashion. All blasts were observed seismically and photographically to provide detailed information concerning rock motion, surface fracturing, ejected fragment motion and support liner survivability characteristics. These material comparison trials were performed to assess the relative effectiveness of a wide range of currently available area support techniques for suppressing hazards associated with dynamic rock ejection. The results of this study validate that thin, spray-on linings may be equally as effective, and often better, than conventional support materials at mitigating rockburst or like damage in highly stressed mine environments.

Jan 1, 2004

By G. A. Kosick, G. S. Dobby

"This paper presents the principles and application of a recently developed control system for flotation columns and column circuits. The control system uses triple pressure sensors to directly sense zone densities and level, and to help in characterizing the operating behaviour of individual columns. A complete expert system development tool is incorporated within the system to provide the facility for full operator training, an on-line help facility, and a means for incorporating the column behavioural patterns into decision making rules. The system is configurable to any number of columns and can be run in either supervisory mode or direct control through Minnovex PIO software. Additional process signals can be interfaced with the system if desired. Operating experience with the control system on the Minnovex column flotation pilot plant is described.I: INTRODUCTIONColumn flotation cells have been more difficult to control and are more sensitive to circuit changes than conventional mechanical flotation cells. This susceptibility encouraged investigation into various types of control strategies ranging from inexpensive single pressure measurements for level control, to highly instrumented and expensive systems using a variety of control methods.Flotation operators, in many cases, do not understand the column control philosophy or have not been trained to deal with this new type of cell. Some operators have subsequently absolved themselves of the column operating responsibility. Some column cells, for example, have run for hours with slurry pouring over the top or no froth coming off at all.ColumnEX is a column flotation control system which was developed from the viewpoint of an operating shift foreman who wishes to:1. control the column or column circuit through a genuine understanding of what is happening inside the columns, and2. to share this knowledge with his flotation operators and be available to guide them through times of circuit upsets."

Jan 1, 1990

By D. F. Cooper, J. G. Paterson, K. H. Pang

"Effective control of metallurgy by manual adjustment of cell levels is common flotation practice. With an on-stream XRF analyzer interfaced to a process control computer it is possible to program the computer to carry out this function automatically. This paper describes the development and implementation of closed loop control of the concentrate and tailing grades at the Clarabelle Mill of the International Nickel Company of Canada, Limited, The XRF analyzer was used as the sensor, cell level as the control and the computer as the controller.IntroductionThe International Nickel Company of Canada, Limited recently brought on-stream Clarabelle Mill having a rated capacity of 35,000 tons per day. The plant was required to increase milling capacity in the Sudbury area by 9,000 tons per day and to improve milling efficiencies by replacing the obsolete crushing and grinding equipment at the Copper Cliff Mill. This represents the fourth mill built since 1959 and incorporates the latest thinking in a continuing evolution of instrumentation and control concepts. Table 1 illustrates control progress at Inco since 1959.In 1967 Frood-Stobie Mill came on-stream incorporating a central control room, an on-stream analyzer, a data gathering computer, and a significant change in instrumentation from direct-contacted pneumatic to miniature electronic. The computer successfully controls the analyzer but has very limited process control capability. Based on this experience a process control computer system was installed at Clarabelle Mill with the objective of carrying out extensive supervisory control and a limited amount of direct digital control."

Jan 1, 1973

By Bryn Harris, Liming Huang, Andre Laplante

"This paper reviews flowsheets generally used in gold rooms to upgrade primary gravity concentrates particularly those of Knelsons. It is concluded that even for small operations, which treat between 250 and lo00 kg of concentrates per day, there is a strong economic incentive to include in the flowsheet magnetic removal of tramp iron, at least two shaking tables, screening of either table feed or table tails at 150-212 um, and scavenging of table tails with a small centrifuge. Headroom, rather than floor space, is often inadequate in most gold room designs, and limits gravity flow and flowsheet flexibility. Experimental data are presented to demonstrate the effectiveness of a small Knelson Concentrator to scavenge significant amounts of gold (up to 91 %) from fine table tails.RésuméCet article examine les schémas d’évolution généralement utilisés pour traiter les concentres gravimétriques d‘or, en particulier ceux produits par concentrateur Knelson. Nous en venons à la conclusion que même pour un petit circuit d’une capacité de 250 A 1000 kg/jour pourrait bénéficier des opérations unitaires suivantes : concentrateur magnétique pour extraire la feraille, au moins deux tables A secousses, criblage de l’alimentation ou du rejet d’une ou des tables i une maille de 150-212 um, et épuisages des rejets fins de table avec un centrifuge de petite capacité. C’est l’espace vertical du lieu où se fait cette concentration qui représente la contrainte la plus importante, plutôt que sa surface, puisqu’il faut maximiser l’écoulement par gravite des pulpes et s’offrir une certaine flexibilité quant à l’agencement final des opérations unitaires. Nous présentons également des données expérimentales pour démontrer l’efficacit6 d‘un Knelson de laboratoire pour récupérer jusqu’ à 91 % de l’or contenu dans les rejets fins de table."

Jan 1, 1999

By W. Greg Maybee

Separations, which form along stratigraphic boundaries in the roofs of potash mines, pose a serious safety concern. If these separations go undetected they can lead to falls of ground. The current method of identifying the location and extent of these separations is through manual scaling (sounding) using an aluminium rod. The potash mining companies would like to have a tool, which could quickly and reliably detect these separations and distinguish between them and clay seams. This paper presents the results of field trials undertaken at various potash mines in Saskatchewan belonging to the member companies of the Saskatchewan Potash Producers Association. A ground penetrating radar instrument from RST called SUSI (stepped frequency, ultra-wideband, synthetic aperture radar instrument) was used. SUSI has the ability of working over various frequency bandwidths. Four mines were chosen for these field trials, covering the different geological characteristics encountered in the Saskatchewan potash mines: Potash Corporation of Saskatchewan?s (PCS) Allan and Lanigan Divisions, Agrium?s Vanscoy Potash Operations and IMC Potash?s K2 Mine. These field trials indicated that stepped frequency ground penetrating radar technology could be ?tuned? to identify both separations and clay stratigraphy in the softrock, potash mine environment, based on the different spectral responses of the features.

May 1, 2004

By Stephen Hammond

?Our own prejudices form the greatest barrier to creating an inclusive working environment.? Have you witnessed? Racism or Negative Comments about an Aboriginal Person? ?You are free to compete with all the others?, and still justly believe that you have been completely fair.? Lyndon B. Johnson

May 1, 2008

By L. Nichols, H. Keele, K. Czajewski

"The oil sands industry in northern Alberta disposes of the by-products of bitumen extraction into tailings ponds. The mix of tailings sand and mature fines, with gypsum added as a flocculent, constitute a waste stream called consolidated tailings or composite tails (CT). The two main challenges of the tailings disposal process are a chronic shortage of economical containment and the potential mobility of CT deposits in the event of breaching by, for example, long-term erosion, which makes abandonment of tailings ponds more complicated. Thick deposits of CT do not consolidate in adequate time to provide reassurance for abandonment of the CT containment facilities and that is why the containment must be adequately robust or the properties of CT improved for long-term stability. This paper addresses potential solutions to these problems by applying the gravity drainage of CT and quasi-homogeneous construction for containment facilities.Gravity drainage is suggested as a mechanism to facilitate the consolidation of CT in critical areas of the ponds by inserting internal sand layers within the body of the deposit. Critical CT areas are defined as areas around the perimeter of containment. The advantages of this solution are longterm stability of the disposal area by creation of stiff deposits around its perimeter and facilitation of reclamation efforts on its surface.The present solution for containment of CT deposits is not favourable from a materials balance point of view. In general, sand has become a valuable resource as it both forms the primary component of the CT matrix and becomes the containment building material. If sand is required for CT, less is available for dyke construction. This puts additional pressure on the industry as a whole to maximize the use of overburden and interburden for construction of tailings containment structures. Typically, only 50 percent of dry mine waste (overburden + interburden) is incorporated into dyke construction. The remainder of dry waste is stored either in waste dumps or in tailings ponds, consuming valuable in-pond space originally allocated to CT material. Quasi-homogeneous dykes are proposed to contain CT deposits rather than traditional minimum cross-section dykes built of overburden and/or cell sand. The quasi-homogeneous dyke may change the unfavourable material balance and lessen the construction constraints that are presently imposed on the mine/waste disposal process."

Jan 1, 2008

By Frank B. Amon

Highland Valley Copper had to make some significant changes in the way it was working in order to counter the effects of ever-increasing costs and decreasing metal prices. A mine/mill optimization plan started in 1997 introduced new technologies and management approaches that resulted in a dramatic drop in cash breakeven costs. The changes involved employee training, added authority and responsibility for staff, better communications, and a consistent approach to setting and achieving property-wide goals. The net effect was to change the culture of the organization from one that was fragmented and focussed on local objectives to one that is cohesive and has common goals. These changes have allowed the mine to remain in business during a protracted period of low metal prices, and have positioned the mine favourably to benefit even more from any future increase in prices.

May 1, 2004