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By The Staff

IT is a high compliment to be invited to present a pap::r on the subject of "Mining in the National Economy". To cover it adequately would need the knowledge of the economic geologist and of the technical mining engineer, together with the arts of the statistician and of the economist in general, allied with generous psychic powers. Further, one should embellish the tale with a touch of drama. It is comforting that the subject is so broad that whatever may be said within the compass of a paper like the present, can hardly be criticized as going beyond the terms of reference. A conventional approach would be to begin with the noteworthy statistics of the mining industry of yesterday and today. But in the present company this would be "carrying coals to Newcastle"-or to give the venerable metaphor local colour, "nickel to Sudbury". Such statistics are available in all their stimulating detail in our official publications. Let us tackle at once, therefore, as a less hackneyed theme, the relationship of mining to other phases of the Canadian economy. RELATION TO TOTAL PRODUCTION While mining occupies a position of less importance than manufacturing or agriculture in Canada, its relative contribution has greatly increased during the post-war period. Due to the fall in wholesale prices, the net value of production in Canada has shown a decrease averaging about 1.5 per cent per year during the post-war period, though its volume of course has gone up. Mineral production on a value basis, on the other hand, showed a gain of 2.8 per cent per year. Mineral production was only 5.14 per cent of the net value of production of all kinds of commodities in 1919, bur from 1929 to 1936 the proportion rose steadily rill it reached no less than 12. 76 per cent in the latter year.

Jan 1, 1937

By E. S. Allen, P. R. Kruesi, J. L. Lake

An electrochemical process is described for converting concentrates of base-metal sulphides to the corresponding pure metals and elemental sulphur. The application of the process to chalcopyrite is discussed. The process is also of potential interest in processing copper-nickel sulphides, and laboratory data concerning this potential are presented. The process creates neither air nor water pollution.

Jan 1, 1973

By G. A. Gross

Nearly 90 per cent of the iron ore produced in Canada is derived from iron-formation or bedded iron deposits. About 70 per cent of this consists of concentrates obtained fom iron-formation; another 20 per cent was formed by natural enrichment processes. Four principal varieties of iron-formation are recognized -the Algoma, Superior, Clinton and Minette types. Differences in their geology, mineralogy, chemical composition and environment of deposition are of special significance in their evaluation as ore.

Feb 1, 1966

By Jeffrey T. McGinty, Frank M. Wheeler

Plant layout is the arrangement of equipment, process areas, departments, infrastructure, and support facilities. Plant logistics is the flow of parts, people, resources, and information throughout the production process. This chapter: outlines key factors and provides checklists to facilitate layout development; presents risk management approaches to test the logistics and functionality of alternative layouts; and uses real-world examples to illustrate effective simulation modelling to assess plant layouts.

Jan 1, 2015

By Richard D. Moffett

The MineSight® Implicit Modeler arms geologists, engineers and surveyors with a better approach to 3D modeling. Use the tool to quickly retrieve a 3D wireframe from drillhole data and onscreen interpretation. Generate faster and more informed decisions to guide future work and improve reproducibility of results. Implicit Modeling is a mathematical surface fitting method that interpolates points to give a smooth and realistic fit. Control results by mixing planar, sectional and non-orthogonal polygons or polylines, as well as drillhole information to create solids or surfaces. The outcomes are particularly valuable to identify ore body trends, generate 3D contours of drillhole intercepts, or produce cut-off 3D maps. MineSight Implicit Modeler (MSIM) is fully integrated in MineSight?s robust and versatile suite of products, allowing you to interpret, interpolate and calculate while moving between applications. It connects seamlessly with the MineSight Torque SQL database, offering access to extensive filtering options. MSIM makes modeling much faster, allowing geologists more time to analyze data and test theories. The presentation will reveal how MSIM complements MineSight?s geomodeling workflow.

May 1, 2013

By G. S. Hume

Research thrives on ideas, and the theoretical considerations of today are either the discarded notions or the proven facts of tomorrow. The progress made in the past fifty years in the acquisition of knowledge of petroleum geology is no less astounding than is the tremendous increase in the production of oil on the North American continent from 61 million barrels in 1897 to 1,917 million barrels in 1947, an increase of 3,300 per cent, with production of natural gas expanding from less than 400,000 Mcf in 1897 to approximately 4,500,000,000 Mcf, or an increase of 11,000 fold in the same period. In the search for and discovery of the oil and gas fields that have yielded such prolific wealth, no idea has had a more profound effect than has the ?anticlinal? theory of oil accumulation, propounded in 1844 by Sir William Logan, the founder of the Geological Survey of Canada, after noting the position of oil seepages on the crests of anticlines in Gaspe peninsula. Sir William apparently was not much impressed with his own idea at this time, but after the Drake well discovery in 1859 and the publication by Henry D. Rogers, of Glasgow University, formerly of the Pennsylvania Geological Survey, of a paper in which he pointed out that the seepages in Pennsylvania were on anticlines, T. Sterry Hunt, an associate of Sir William Logan on the Geological Survey of Canada, published a reasonably comprehensive statement of the anticlina theory in the Montreal Gazette on March 1st, 1861. Hunt recognized the fact that the oil ?being lighter than the water which everywhere penetrates the rocks below the water level, naturally rises and accumulates along the crown of these anticlines". This was a recognition of the fact that gas, oil, and water in an anticlinal structure separate according to buoyancy or specific gravity. For some years the anticlinal theory does not seem to have attracted much attention, but when I. C. White in 1883 revived it and put it to practical use by prospecting for 'anticlinal' oil an gas structures in Pennsylvania, West Virginia, and Kentucky, its real value not as a theory but as a fact became widely recognized. Even today, the search for anticlines as oil and gas structures is being vigorously continued. In the past fifty years, however, it has become widely recognized that petroleum and natural gas collect in many different types of structures, and these have become known by the general name of 'traps'. About 1890, terrace structures were highly regarded because it was thought certain oil fields in Pennsylvania, New York, and Ohio were directly related to them. However, as Wilson (2, p. 437) has pointed out, it is recognized to day that ?'wherever the surface evidence is complete and dependable, other factors (than the terrace structure) are found to be in control'.

Jan 1, 1948

By W. F. Baker

Location and History God's lake is in the northeastern part of Manitoba, about 400 miles northeast of Winnipeg, or about 250 miles due north of Red lake, Ontario. The lake is quite large, having an overall length of 54 miles and a maximum width of 18 miles. There are numerous islands in the lake, the largest of these, known as Elk island, being about 15 miles long and 3 miles wide in the widest part. The accompanying map (Figure 1) shows the location of God's lake and of the mine. The God's Lake area has long been regarded as promising country for the prospector, but, due to its inaccessibility, practically no prospecting was done prior to 1927. In the years 1927-1931, inclusive, a few prospectors visited the area, but no discoveries were made. In 1932, Bob Jowsey and Archie McDonald entered the area from Island lake. They first prospected in the vicinity of Knife lake, which is immediately south of the main part of God's lake, and then moved on to the latter lake, heading for the north shore of Elk island. The first afternoon on God's Lake, when looking for a place to camp on the north shore of what is now known as Jowsey island, Jowsey discovered a quartz porphyry dyke which was cut by a number of gold-bearing bluish quartz stringers. On the strength of this discovery, he and McDonald began at once to stake the Reno group of claims. Rumours of the discovery brought in other prospectors, and other groups of claims were staked to the east, along the north shore of Elk island. A second discovery was soon made by Dan McCrea on his Gold Standard claims, three and a half miles to the east of the original discovery. Staking still continued to the east, along the north shore of Elk island, and Bob Brown and Harvey McKenzie staked the Akers group on a discovery approximately two miles east of McCrea's discovery. Through the efforts of Jowsey, the Reno, Rand, Elk, and Cona groups, belonging to the original syndicate for which Jowsey and McDonald staked, were combined with the Gold Standard, Greenstone, and Akers groups, and the Company known as God's Lake Gold Mines, Limited, was formed. Several additional groups of claims were later taken over by the Company and a considerable area of adjoining ground was staked to round-out the property.

Jan 1, 1935

By W. A. Green

Introduction While pilot-mill operations were being carried on at Flin Flon, as described by R. E. Phelan (1), a detailed topographic map was being made of the area in the vicinity of the ore-body for later use in laying out plans for the final plant. The area covered by this survey was 6,600 feet by 6,600 feet, with contours on 2-foot intervals. As mentioned by Mr. Phelan, it was definitely decided at the end of November, 1927, to take up the option on the Flin Flon property and to proceed immediately with the plans for construction of a metallurgical plant at Flin Flon to treat 3,000 tons of ore per day, and of a hydro-electric power plant at Island Falls, Saskatchewan, to supply power for the future operations at Flin Flon. Railway Built From The Pas to Flin Flon Just as soon as the decision was made to go ahead with the construction work and opening-up of the property, it was of course essential to give immediate attention to the building of a railway to the mine. Many years previously, a preliminary survey had been made for a railway to branch off the Hudson Bay railway at a point 4.7 miles northeast of The Pas, and, during certain negotiations in 1925, the Provincial Government of Manitoba had agreed to guarantee the railway bonds necessary to finance the building of the line, so that it was possible to organize for this work immediately. A contract was let by the newly organized Manitoba Northern Railway Company to the Dominion Construction Company, Ltd., and Tomlinson, for the building of the railway to the mine, a distance of approximately 87 miles (see Figure 1). The Manitoba Northern railway is a subsidiary to the Canadian National railway, and all engineering and supervision of the contractors was done by the Canadian National engineers. Actual construction work was started in January, 1928. The first 52 miles of the railway from The Pas to Cranberry Portage is over fairly level, although slightly rolling, country, and a considerable portion of the route is over muskeg area. Rails were laid on top of the frozen muskegs. Gravel deposits were opened-up along the line and, before warm weather; sufficient ballast .was distributed in the muskeg areas to prevent thawing under the track, and thus give the necessary support to allow uninterrupted transportation over the line.

Jan 1, 1935

By Patrick E. Cavanagh

"A pilot shaft furnace was operated for one year at Steep Rock to produce special high-grade products from coarse ore, using lignite as fuel. The furnace is 10 ft in diameter and 60 ft high. When operated to heat coarse Steep Rock ore to drive off combined water and give a 64-per-cent-Fe product, the fuel consomption was 900,000 Btu's per long ton of product. The furnace was run in this way from September 1966 to January 1967 to establish the technique of feeding and discharging the furnace and controlling the gas composition and temperature. The furnace is similar in operation to a lignite water gas producer containing a large proportion of catalytic iron oxide. Steam injection is used to control the temperature. The product was tumbled in a rotary trommel to stabilize it. The resulting fines could be fed to the conventional pellet plant at Steep Rock. The furnace was next operated to make 77-per-cent-Fe metallized coarse ore. Several major modifications in de-sign were made and the furnace was successfully operated for short periods to maintain the required conditions to remove 75 per cent of the oxygen from the ore to give a 75-per-cent-reduced product at a grade of 77 per cent iron. The furnace cooling zone was operated under positive pressure, with internai alkaline water sprays to cool the charge. The product was discharged from the open bottom of the furnace without serions reoxidation. The metallized ore was magnetically separated from the discharge. Most of the charred lignite discharged along with the ore is re-cycled. Fuel requirement was 11,000,000 Btu's per long ton of product. This metallized coarse ore is intended for blast furnace feed. A short test run was carried out to establish the conditions for making a highly reduced melting stock for steel furnaces. To achieve 90 per cent reduction and over 90 per cent Fe, the furnace must be slowed down so that the production rate is about one-half the rate when making a 75-per-cent-reduced metallized product. Fuel requirement is 15,000,000 Btu's per long ton of product. The simple shaft furnace developed is similar to the top half of a blast furnace, with some major modifications to allow discharging into the open air. This Low Temperature Blast Furnace program has been technically successful and has resulted in making data available for the design of a commercial plant. Study of the commercial feasibility of large-scale production of metallized coarse ore at Steep Rock is still continuing."

Jan 1, 1968

By James Stenhouse

Abstract The aqueous oxidation of pyrite in caustic solutions under oxygen pressure was investigated by measuring that effect of reaction variable on oxygen consumption by the reactions. From the results of this investigation, a model for the process has been proposed. In this model, sulphur diffuses as a positive ion through an oxide layer which forms on the sulphide particles and is then oxidized to sulphate ion. Iron is oxidized by substitutional diffusion of oxygen atoms into the oxide layer. The effect of most reaction variables on the rate of oxygen consumption can be explained with this model. Introduction Recent investigations (1,2,3) have shown that certain sulphide ores can be readily leached by agitating the ore in the form of a pulp under pressure in the presence of oxygen. Since very little was known of the mechanism of this oxidation, a programme of investigation was inaugurated in 1949 in the laboratories of the Department of Mining and Metallurgy of the University of British Columbia. Financial support for the investigation was received from the National Research Council in the form of student grants and bursaries, from the Canadian Liquid Air Company, Limited, and from the Consolidated Mining and Smelting Company of Canada, Limited. The first objective was to devise a technique to study the primary oxidation reactions in aqueous solutions and to apply the technique to a detailed study of the oxidation of pyrite in caustic solutions.

Jan 1, 1952

By T. Patching

"THE FOLLOWING notes on coal mining in the Edmonton city area are based, in the main, on scattered reports and accounts as little coal mining has been done in this area for about 20 years and few people are left who were involved in what was at one time an important industry of northern Alberta. Although coal mining is not likely to be permitted in the city area itself in the future, a record of this work is warranted to indicate the ·conditions and problems that may be encountered if underground mining again is proposed in the district in the same geological formations and in similar strata. Coal mining in the Edmonton area developed with the influx of settlers in the latter part of the nineteenth century and the first part of the present century. Probably local coal was used by the Fort's blacksmith as early as 1841, and the early settlers probably were 'gopherholing' into the outcrops along the river banks by the 1870s. The first report of commercial coal mining was in 1880 when a contract was let by the Hudson's Bay Company for the provision of 300 tons. As the population in the city and northern parts of the province grew, many new mines were opened along the river and in the district, and coal was even shipped by barge to points in Saskatchewan(1 ,2) By 1909 the Department of Public Works reported that 'Edmonton stands as the second largest domestic coal producing centre in the province'. It continued to hold this position until 1942. From about 1912 to 1951 annual production from mines in the city and surrounding district ranged between 0.38 and 0.65 million tons, depending on weather, wars and strikes. Production began to decline in 1951 because of the increasing availability and consumption of natural gas which was piped into the city and then provided to other towns and rural areas in the northern part of the province. Taylor noted that between 1880 and March 1970, when the last mine within the city area closed, the total of mines and prospects within the Edmonton city area rose to 153. Most of them were small; not more than 20 produced more than a quarter of a million tonnes during their entire life, and only three produced a million tonnes or more. As described by Taylor ""within the city district workings extend discontinuously from the apex of a narrow triangle near Groat Bridge to the base of the triangle in the Clover Bar area"". The larger mines were in this latter area. Approximate locations of the old mine workings in the city are shown in Taylor's atlas. A number of other coal mines were worked in the Rabbit Hill, Big Island, St. Albert, Namao, Cardiff and Morinville districts around the city."

Jan 1, 1985

By Pim van Geffen, Dave Lawie, James Cleverley

A growing problem facing geoscientists, metallurgists and process engineers is the lack of knowledge transfer between the exploration and production teams. This siloing is generally unintentional, as a typical project may change ownership several times over several decades before it reaches the feasibility and operation stages. Many exploration projects generate vast amounts of high-quality, quantitative data with great spatial resolution, but unfortunately these data are often ignored in subsequent deposit modelling. Instead, deposit models tend to rely on subjective, non-standardized, qualitative classification of geological materials (e.g. rock type, mineral abundance) and processes (e.g. alteration style and intensity), obtained through visual logging of drill core. When projects advance to feasibility studies, the required quantitative data are obtained through expensive metallurgical test work and detailed quantitative mineralogical analysis, such as QEMScan or qXRD. These detailed tests are generally only performed on a small number of large composite samples and the results are extrapolated throughout the deposit, inherently underrepresenting their true variability. Geochemical data obtained during all stages of the project provide comprehensive data coverage at much greater detail and spatial resolution, which allows for the estimation of key metallurgical performance parameters that are required for accurate deposit modelling and domaining.

Jan 1, 2015

"The Society for Mining, Metallurgy, and Exploration (SME) Inc. developed a guide of minimum standards for reporting exploration results, mineral resources, and mineral reserves for the purpose of informing the general public. The SME Guide has been adopted by the Society.History1. In 1988, at the request of members of the Society for Mining, Metallurgy, and Exploration (SME), Inc., the President of SME formed Working Party #79, Ore Reserve Definition, with the mission to develop guidelines for the public reporting of exploration results, resources, and reserves. A Subcommittee was appointed by the Working Party to draft these guidelines and submit recommendations to SME. The Subcommittee's recommendations were published by SME in the April 1991 issue of ""Mining Engineering"", and as a document entitled ""A Guide for Reporting Exploration Information, Resources, and Reserves"" (the SME Guide) in January 1992. Work continued on an ad-hoc basis until 1996, when Working Party #79 was renamed the SME Resources and Reserves Committee and became a standing committee.In 1994, the Council of Mining and Metallurgical Institutions (CMMI) started a concerted international effort to create a set of international definitions for reporting mineral resources and mineral reserves. An ad-hoc International Definitions Group was formed, with representatives from mining and metallurgical institutions from the United States (SME), Australia (AusIMM), Canada (CIM), the United Kingdom (IMM) and South Africa (SAIMM). A major breakthrough came on October 18, 1997 when the CMMI International Definitions Group met in Denver, Colorado and reached a provisional agreement (the Denver Accord) on definitions of mineral resources and mineral reserves. Concurrently, and since 1992, the United Nations Economic Commission for Europe (UN-ECE) was developing an international framework classification for mineral resources and mineral reserves. Starting in October 1998, joint meetings were held in Geneva between the CMMI International Definitions Group and the UN-ECE Task Force, resulting in agreement to incorporate the CMMI definitions into the UN framework classification."

Jan 1, 2003

By A. Sobering, G. N. Carlson

"This paper describes the conversion of the grinding section of the W a bush Mines pelletizing plant from conventional wet, open-circuit trunnion overflow ball milling, with filtering, and bentonite mixing on a common conveyor belt, to dry, open-circuit, grate discharge grinding, with pug mill mixing of bentonite and water at individual mills.The test work and data on operating economies to justify the cost of conversion are given. It is too early, at the time of writing, to have complete operating confirmation, but data are available. A brief description of the original plant is included."

Jan 1, 1971

By V. Aitken

Line-of-sight radio control has received widespread acceptance for use in many mining methods because today’s technology offers improved economics and personnel safety. Significant advances in higher autonomy for mining machines are not currently seeing widespread use even though they offer great future potential. With autonomous capabilities being a longer-term goal, a logical sequence of advances based on TeleRemote control is proposed. Under Tele - Remote control, the operator is in direct control of the machine at all times. Three levels of Tele - Remote control systems are presented including line-of-sight, extended line-of-sight, and full load-haul-dump applications. Distributed control and sensing subsystems arranged in a vehicle control area network support incremental system expansion through the three levels of TeleRemote control and prepare the machine for integration of higher levels of automation as mature technology becomes available. This approach allows full exploitation of today’s mining automation technology with a flexible future growth path.

Jan 1, 1998

By Frank Arthur Forward

FRANK ARTHUR FORWARD was born in Ottawa and attended the University of Toronto, where he received a B.A.Sc. in chemical engineering in 1924. From 1924 to 1929, he was a smelter operator and research metallurgist with the Consolidated Mining and Smelting Company of Canada Ltd. (Cominco) at Trail, B.C. Moving to Australia in 1929, he was assistant smelter superintendent, Mount Isa Mines Ltd., Queensland, until 1934, when he returned to Canada, spend-ing one year as metallurgist with B.C.

Jan 1, 1970

By S. Gaulocher

Gearless mill drives (GMDs) are the workhorse in the mineral processing industries, more specifically when it comes to grinding crushed ore and cement (in various production stages) in semiautogenous (SAG) mills and large ball mills. They are renowned for their excellent reliability and robustness, long lifespan, and little need for maintenance, and thus yield a low total cost of ownership (TCO). A GMD represents a major investment for a mineral processing plant, and its availability is pivotal for the grinding process. As a basic rule, shut-down periods are to be minimized, but even much more important is that unscheduled shut-downs be avoided. In this contribution, we will present a portfolio of innovative remote diagnostic that consist of the following three key components: 1. Trouble shooting is a form of corrective maintenance and is based on state-of-the art remote access technology, thus enabling highly skilled engineers to access the current sensor readings anytime and from anywhere in order to resolve urgent problems together with the GMD user. 2. Periodic maintenance reports are a form of preventive and predictive maintenance and aim at continuous improvement based on long-term historical records and analyses of multiple measured signals. These detailed reports highlight the health and operational status of the GMD and are periodically (e.g. 3 months) submitted to the customer. 3. Remote condition monitoring spans across preventive and predictive maintenance and is based on continuous recording and automatic analyses of relevant signals using advanced algorithms. The main issue is how to handle the enormous flood of data in an intelligent manner. The results of these analyses are made available to both the GMD user and supplier in real time in order to increase the availability and reliability of the GMD. In this paper, we consider various parts of the GMD, e.g. the cycloconverter, the ring motor, the auxiliary devices (e.g. cooling and lubrication systems), and also phenomena related to the mill itself (e.g. state and quantity of charge). The signal analysis techniques range from simple threshold-based analyses to complex time and frequency domain analyses. We will illustrate the benefits of the proposed approaches with some selected examples.

Jan 1, 2012

By Alan Galley, Tom Hynes, Michel Plouffe

"Mining in Canada’s economy• Employs 320,000+ workers; Wages 30-60% above other sectors• Operates 220 producing mines, 33 smelters and refineries• Paid $8.4B in taxes and royalties to governments in 2010• Invests about $30B in capital projects annually • Largest private employer of Aboriginal Canadians 2• Core supplier to clean-technology sectors• Attracted 18% of world exploration spending in 2010• Efficient TSX processes - 1400 mining companies listed, ~50% of mineral projects are outside Canada• Estimated 1000 Canadian companies in 100 countries• Minerals account for 21% by value of Canada’s goods exports• Top 5 World Producer in uranium, potash, nickel, platinum, aluminum, diamonds, zinc, met coal"

Jan 1, 2012

Forward-Looking Statements Information set forth in this presentation may involve forward-looking statements under applicable securities laws. Forward looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements or information relate to, among other things expected iron ore demand, timing for a production decision, expected share price drivers, potential railway options, timing, grade and quantity of potential resource estimates, employment and economic benefits, taxation estimates and timing of key project milestones. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with the need for additional financing; operational risks associated with exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel and other risks and uncertainties discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements. NI 43-101 Qualified Person Alderon?s exploration work on the Kami Project is supervised by Edward Lyons, P.Geo., the Chief Geologist for Alderon and a Qualified Person as defined byNational Instrument 43-101. Mr. Lyons has reviewed and is responsible for the technical information contained in this presentation. Mr. Lyons is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and the Professional Engineers & Geoscientists Newfoundland & Labrador (PEGNL) as a registered Professional Geoscientist (P.Geo.).

May 1, 2011

By Bradley Stoughton

It is very easy to reduce iron ore at a temperature well below its melting point and produce a more-or-less-pure metal which can be used directly for implements, tools, or machines. This simplicity has been the cause of much money loss by persons who were so satisfied with the successful operation of a process that they paid all too little attention to the commercial aspects of it. How easy a direct process is may be gleaned from the fact that it was practised with some -success by primitive man, and has been in almost continuous operation in one form or another for a period of probably 4,000 years. The production of steel in ton lots, beginning about 1860, brought a new phase into the economic situation, which, however, had been already greatly modified in 1784 by Henry Cort's invention of purifying pig iron. Direct processes survived both of these revolutions, under special geographical conditions, even up to the last few years of the nineteenth century, but ceased to have any general use as the basis of supply for structural, machine, or tool industries even in countries which could have manufactured iron by a direct process, but, instead, imported the product of established iron and steel processes. And this is still the situation today, notwithstanding the invention of an incredible number of 'new' processes since 1900, most of which are abandoned, and only survived as along as their financial backers were willing and able to Jose money. Probably none of these processes failed to work pretty well, and all seemed to show a handsome profit on paper.

Jan 1, 1930