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Thermodynamics of Non-Cyanide Gold Solvents The present status of the raw material base in the gold industry requires specific ways to recover gold and silver from ores. Most gold is closely associated with sulfides which require flotation followed by pressure or bacterial oxidation. The next stages of processing usually require using expensive operations for the preparation of leaching. A lot of researchers want to find a new alternative solvent for the extraction of precious metals from these products. According to the authors, one of the best ways is to use sulfur-based solvents (thiosulfate, sulfite, and their various mixtures). Thermodynamics of gold and silver thiosulfate dilution are calculated for conditions: the concentration of Au - 200 mg/L, oxygen - 3.2 mg/L, thiosulfate - 79 mg/L, OH- - 170 mg/L. the general result is the possibility of process remains under standard conditions. (erAu = = 0.035 V, ?G298 = - 29.18 kJ/g-atom ??). Silver with thiosulfate forms two strong complexes: [AgS203]- and [Ag(S203)2]3-. ?G0 = -1027 kJ/mol. The complex [AgS203]- is less stable: ?G0 = 486 kJ/mol. It should be noted that despite the high stability of gold complexes, the sodium thiosulfate may decompose to sulfite and elemental sulfur during the process, especially when heating. Gold is slightly soluble in the sodium sulfite solution, however it forms the strong complex [Au(SO3)2]3-. Depending on the concentration of free S2O32-ions, silver with sodium sulfite forms three complexes: [AgSO3]-, [Ag(SO3)2]3- and [Ag(SO3)3]5-. The dissolution speed of gold in sodium sulfite solution may be in the same range as it is during cyanidation. In this case, a practical application of sulfite process can be also used, especially for the products containing free elemental sulfur. In conclusion, sulfite-thiosulfate gold lixiviants can be used for concentrates after pressure oxidation of the cakes.

Sep 13, 2010

By David Hopkins, Steve Klein, Bradford Townsend, Ed Sum, Derek Penrice

INTRODUCTION The Transbay-Caltrain Downtown Extension (DTX) Project involves the construction of an approximately 1.5-mile rail line that will extend Caltrain commuter service and the future California High Speed Rail system into downtown San Francisco. The underground rail extension will be constructed by mined tunnel and cut-and-cover methods. Tunneling challenges include difficult ground conditions, low rock cover, the presence of historic buildings along the alignment, and the large tunnel span, ranging from approximately 50 to 65 feet. Three mined tunnel construction methods were evaluated: the Stacked Drift Method, the New Austrian Tunneling Method/Sequential Excavation Method (NATM/SEM), and Tunnel Boring Machines (TBM). This paper describes the challenges presented within the mined tunnel section, and summarizes the evaluation of tunneling methods that led to the selection of NATM/SEM. PROJECT OVERVIEW The existing Transbay Terminal opened in downtown San Francisco in 1939. This facility is antiquated, and does not meet current building seismic safety standards or the transportation needs of the Bay Area. For these reasons, San Francisco voters approved Proposition H in 1999, which proposed to construct a new or rebuilt regional transit center at the site of the existing terminal and extend Caltrain commuter rail ser-vice to the new transit center. The new transit center is the hub of the Transbay Transit Center (TTC) Program, which will greatly enhance regional transit service by providing connectivity for six Bay Area transit providers at one facility. The program will be the largest inter-modal centerwest of New York City. The TTC Program is comprised of two major projects, the Transit

Jan 1, 2007

By Chikabumi Yamauchi, Mitsuru Tanahashi, Jutaro Miura, Takaharu Iwadachi, Toshiharu Fujisawa

"Tue oxidation behavior of molten Cu-Be alloys was investigated by exposing· the molten Cu-Be alloys to various Ar-O2 atmospheres to control the oxygen partial pressure, PO2 = 10 ~105 Pa at 1423 K. The following results were obtained:• The oxygen · partial pressure in gas phase affects the morphology of the oxide formed on the surface of the alloy and · the oxidation rate of beryllium.• At lower oxygen partial pressure, a molten Cu-Be alloy is covered with a homogeneous and compact internal layer of BeO. Thus, the beryllium oxidation rate can be minimized.• By adding a small amount of calcium or zirconium into the molten Cu-0.5 mass% Be alloy, a protective BeO layer is formed even at higher oxygen partial pressure. Thus, the beryllium oxidation rate can be reduced.IntroductionCopper-beryllium (Cu-Be) alloys are well recognized for their unique properties, such as high electrical conductivity, high strength, high fatigue strength, excellent properties at elevated temperatures, good formability and good corrosion resistance. .This extraordinary collection of properties are the reasons why Cu-Be alloys are expected to be ""Key-materials"", which are necessary to further advance science and technology and to be applied in.various fields such as electronic devices, machine parts, repeater housings of undersea optical fiber communication cables, etc.However, a large amount of beryllium is oxidized to BeO in melting stage of the current Cu-Be alloy production process, because beryllium is a highly reactive element. This is one of the ·main factors that negatively affect the production yield and th_e product quality."

Jan 1, 2000

By D J. Bradshaw, E M. Wightman, B Newcombe

Flash flotation plays an integral role in many of the gold and sulfide mineral concentrators around the world, and yet despite this widespread use, very little information on this unit process is available in the published literature. For operations to maximise the performance of their flash flotation circuits, understanding how these cells operate, the nature of the particles they target and how to predict whether a flash flotation cell should be used on a specific ore type is of vital importance. This paper provides a summary of the key findings of a large flash flotation research project based in the operating environment of a refractory gold concentrator. The influence of key flotation performance criteria including gas dispersion, residence time and particle segregation within the cell will be discussed and recommendations for process improvements will be made throughout. The nature of the particles within the flash cell will be examined, as will the impact on the type of particles that are passed to downstream processes when the flash flotation cell is taken off-line. The development of a laboratory method to determine whether an ore is suitable to undergo the flash flotation process is also presented for its potential to aid in flow sheet development and optimisation for new ores.CITATION:Newcombe, B, Bradshaw, D J and Wightman, E M, 2012. Into the belly of the flash à Insights into the mechanisms at work within a flash flotation cell, in Proceedings 11th AusIMM Mill OperatorsÆ Conference, pp 163-170 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Oct 29, 2012

By M. K. Aydogan

Today, arsenic has become a much greater problem than before because of the limitations introduced by WHO and USEPA that are lowered from 0.05 ppm to 0.01 ppm. In the nature Arsenic is mostly found as inorganic compounds in the forms of arsenite (As+3) and arsenate (As+5) in aqueous solutions. Arsenic contamination in ground and surface waters has been encountered in almost every country. This element has a carcinogenic effect and can occur in natural sources and anthropogenic sources such as metal mining, groundwater usage and industrial activities. In this study adsorbing colloid flotation was applied in the presence of aluminum sulfates. In the experiments SDS and K-Oleate were used as collectors while MIBC was the frother employed. The effects of collectors and aluminum/arsenic ratios on the removal of arsenic were examined under various pH values. It was found that arsenic removal enhanced with increasing aluminum concentration. Furthermore, it was observed that pH was a very critical parameter in all experiments. The best results were obtained when initial As: SDS: Al concentrations were 10:40:40 ppm at pH 5.5. At this concentration, the efficiency of arsenic removal found to be 99.9%. Keywords: arsenic, adsorbing colloid flotation, aluminum sulfate

Sep 1, 2012

By J. A. Wallace

U. S. Steel's coal mining research activities are directed toward providing new or improved hardware and techniques to increase productivity or reduce cost. Because more than 80 percent of U. S. Steel's coal production is obtained from continuous miner sections, most of our research efforts are focused upon that mining system. Current and historical time study data show that our continuous miners only operate about 30 percent of the available face time. This limited equipment utilization is the result of the delays or interferences imposed by the non-coal-cutting phases of the continuous mining cycle. The most time consuming of these delays are: waiting-on-roof-support, tramming between alternate work locations, waiting-on-haulage-capacity, and in some mines waiting for excessive methane concentrations to clear. Because waiting on roof support is our most time consuming delay, several programs are underway simultaneously to address this problem. In one of these we are developing a patented microprocessor-based control method and apparatus to improve roof drilling performance. This increase is attained by using the microprocessor to adjust electrohydraulic valves which control drill thrust and rotation speed. The microprocessor is designed to continuously search for an optimum combination of thrust and drill rpm to maximize penetration rate at all times.

Jan 1, 1979

By C. Dupuis

Thiourea is a promising reagent for gold extraction especially from refractory ores that cannot be treated by traditional cyanidation route. In this study recovery of gold from thiourea leaching solutions was investigated by direct electrowinning. The electrolysis cell consisted of a carbon flow-through cathode and a lead anode. The anodic and cathodic compartments were separated by a membrane. Galvanostatic mode was chosen for operation of the cell. Factors affecting recovery efficiency such as cathode thickness, linear flowrate, current intensity, thiourea and gold concentrations were investigated. The influence of some species in solution on efficiency and selectivity of recovery was investigated. Gold recovery reached 99% but current efficiency was lower than 10%. The complex formed with ferric ion and formamidine disulfide are reduced before gold-thiourea complex. Thiourea consumption occurred during leaching mainly by oxidation and reaction with dissolved copper.

Jan 1, 1989

By Ernst F. Eurich

(Cleveland Meeting, October, 1912.) ALEXANDER PARKES patented in England in 1851-52-53 a process for desilvering lead by means of zinc, making use of the greater affinity of silver for zinc than for lead, discovered by Karsten in 1842. The efforts in England to develop it commercially were not particularly successful, nor was the attempted introduction into the United States. This last was not surprising, as it was about the beginning of our Civil War, and at that period there was very little lead-bullion produced in the united States and there was no field for the process here. There was at that time on Staten Island an establishment that pattisonized lead, probably from Rossie, N. Y., and Chester, Pa., and possibly some Spanish lead, but the production of lead-bullion in the Far West had not yet begun. In 1864, Edward Balbach, of Newark, N. J., patented in this country a process for desilvering lead by means of zinc, and in 1867 Edward Balbach, Jr., patented a " movable black-lead retort with a neck, placed in a furnace," for the purpose of distilling the alloy of zinc, lead, and the precious metals. A brief comparison of the Parkes and the Balbach processes is interesting. The Parkes process as practiced in England consisted in stirring into silver-bearing lead, melted in a kettle, from 1 to 2 per cent. of zinc, cooling, skimming the alloy of lead, zinc, and silver that rose to the surface, liquating it in an iron retort, distilling the residual rich alloy in fire-clay retorts, thus regaining the zinc, and refining the desilvered lead at a low heat in a shallow cast-iron pan that formed the hearth of a reverberatory furnace. If the lead was too impure, it was first softened * Presented also at the Joint Meeting of the Institute and Section IIIa, Metal¬lurgy and Mining, of the Eighth International Congress of Applied Chemistry, New York, September, 1919, and here published by mutual agreement.

Dec 1, 1912

By G. R. Gardner, D. H. Davis

INCREASING realization of the importance of dust control, and the recommendations of various agencies, have led the mining industry to become actively concerned with this problem. The background and necessity for adequate dust-suppression measures have been discussed in a number of publications, including those of the U. S. Bureau of Mines, and the use of spray water to reduce dust at the face and on roadways has been recommended. The problem resolves itself into obtaining adequate dust reduction at a reasonable cost. Inasmuch as the term "adequate dust suppression" has never been clearly defined, nor have permissible limits of dustiness (in terms of dust count) been established, it is apparent that any method selected may be required to meet additional demands. Until the industry has been given some indication of permissible limits of dustiness, no permanent solution is possible. Progress will be somewhat handicapped until such information is available. In addition, dust reduction must be obtained without the addition of any excessive moisture to the coal, since consideration must often be given to: I. Quality standards, particularly reduction in heat value. 2. Handling characteristics, particularly in regard to unloading from railroad cars and bins. 3. Application of dry methods of coal cleaning. 4. Necessity for fine screening within specified limits of oversize and undersize. Little detailed information is available as to the advantages and disadvantages of the several methods of water distribution, the location and protection of sprays, operating data on pressure, quantity of water, and so forth, and results obtained. In 1940 an investigation was undertaken to determine and evaluate the principal factors involved. This paper constitutes a progress report on this work and cannot in any way be regarded as complete on any one of the several phases. CLASSIFICATION OF DUST SOURCES The various sources of underground dust may be classified as primary or secondary. A primary source is one associated with appreciable degradation of size, that is, where the greater part of the actual fines capable of becoming air-borne dust are produced. A secondary source may be considered as one in which the greater part of the fines have been produced at some previous operation and are in such condition that they can be dispersed as air-borne dust. These conceptions appear to be of practical significance, as experience indicates that when dust is controlled at the primary sources the importance of secondary sources is minimized. For these reasons, investigations to date have been concerned principally with the primary sources of dust, and this paper is concerned particularly with one of these-namely, undercutting. In accord with the foregoing definitions, the sources to which the following opera-

Jan 1, 1942

As fulfillment of the requirements of Contract H0387019 for the United States Department of the Interior, Bureau of Mines, a complete field kit, for performing on-site determinations of individual employee Time Weighted Average (TWA) exposures to nitrogen dioxide (NO2) and nitric oxide (NO), has been developed by MDA Scientific, Inc. This report provides background information and experimental data validating the use of this kit with confidence to ? 10 percent accuracy.

Jan 1, 1981

By X. T. Feng, Y. H. Hatzor, Y. Tal, G. Yagoda-Biran

"When studying jointed rock mass deformation around underground openings it is of great importance to model correctly the excavation sequence during the numerical simulation. This is because for effective arching mechanism to develop in the roof minute block displacements must take place and some of the available discontinuities shear strength must be mobilized. If from the beginning of the simulation the underground opening already exists in the numerical model, block displacements into the excavation space will initiate and develop from time zero, before the initial stresses in the model have attained their actual initial level in the field. These initial block displacements are therefore artificial and exist only in the numerical model, not in the physical reality, and may lead to erroneous assessment of the stability of the designed structure, typically on the conservative side. We have introduced sequence excavation capabilities both in the numerical manifold (NMM) and the discontinuous deformation analysis (DDA) methods and show here the advantages of this modification using three different case studies, each illuminating a different aspect of this enhancement.We begin with the 25 meter deep 2000 year old underground Zedekiah limestone quarry below the old city of Jerusalem, Israel, which is still standing today unsupported with a free span of 40 m. We show that when the opening exists from the beginning of the numerical simulation the required friction angle for roof stability is 25 degrees, whereas when the opening is removed after all stresses and displacements in the model have been stabilized the required friction angle for stability is only 15 degrees.We then model the excavation sequence of a tunnel model representing a 2500 meter deep research tunnel in the Jinping hydroelectric project, China, in order to determine the in situ stress field at this depth by a grid search inversion of displacement data obtained using the sliding micrometer technology in the course of tunnel excavation. Thus we are able to constrain the in situ stress field at these depths where standard in situ stress measurement procedures are extremely difficult to execute properly.Finally, we use sequence excavation modeling capability to find the total height of the expected loosening zone around tunnels excavated through columnar jointed basalts which pose a great engineering challenge because of the characteristic dense network of slender prismatic blocks that transect the opening at a steep inclination. We use MPBX data obtained during excavation of a deep tunnel through such a rock mass to validate our numerical results and show that application of standard empirical guidelines for dimensioning rock bolt reinforcement in such rock masses may in fact result in very un-conservative design because existing empirical approaches typically ignore the anisotropic nature of the structure of such rock masses which, as we show, plays a very significant role in determination of the extent, shape, and geometry of the loosening zone around the opening."

Jan 1, 2015

By Dieter Neuschiitz, Pengfu Tan

"In order to understand the sintering phenomena during iron ore sintering process, a CFD model of iron ore sintering has been developed, combining with the kinetics of 15 relevant chemical reactions with the aim of describing the temperature fields and the gas flow patterns in the sintering bed. This CFD model can be used to simulate the concentrations of the gaseous and solid species, temperatures of the gas and solid, melting and molten fractions of the mixture, gas velocities, temperature zones and residence times of the gas in each temperature zone. IntroductionThe off-gas analyses clearly revealed that the off-gas of a sinter strand does not have a composition corresponding to thermodynamic equilibrium, for example, the CO, CO2 and O2 concentrations are not the mutually consistent equilibrium values. Apparently the chemical reactions in the sinter bed are controlled kinetically. Therefore kinetic modeling of sintering reactions combined with CFD modeling is necessary to understand the sintering phenomena during iron ore sintering process.Several models of iron ore sintering have been developed since 1970 [l-l 4l, each being more refined than its predecessor. The models were formulated as a series of differential equations to describe chemical and physical changes occurring at a point in the bed. These equations were solved numerically in a vertical plane along the strand. The present CFD model, based on the Nath's model [14], has been published in the reference [15]. In this work, some new chemical kinetic models of gas-solid reactions are incorporated in the present CFD model. The concentrations of gaseous and solid species, temperatures of gas and solid, melting and molten fractions of solid, velocity of gas, and residence time of gas in each combustion zone can be calculated by this model."

Jan 1, 2004

By M. Shamsi, M. Nehring

One of the most challenging aspects in semi-mobile in-pit crushing and conveying (SMIPCC) system design is determining the optimum depth at which to change from a purely truck-based haulage system to a conveyor-based haulage system. We used scenario analysis to determine the optimum transition depth between a truck and shovel (TS) system and a SMIPCC system. Traditional pit-limit algorithms were used to generate the final pit limit on a copper deposit, which was then divided into four pushbacks. The final operating pushbacks (phases) were designed for both TS and SMIPCC. The end depths for each phase are viewed as candidate transition points to switch from the TS to SMIPCC haulage system. Economic calculations were applied for five different scenarios, including adopting SMIPCC from the outset (pure SMIPCC), after the first, second, and third phases, and finally not using the SMIPCC system (pure TS) at all. The analysis indicates that the second scenario, at a depth of 335 m, results in the lowest cumulative discounted cost (CDC). In this case, the CDC is 17.6% lower than that for the pure TS scenario and 10.7% lower than for the pure SMIPCC system scenario.

Sep 1, 2021

By Harold M. Smith

The production of oil during the early development of new oil fields is usually accompanied by large quantities of natural gas. Since In most fields gas under pressure is the main source of the energy causing the oil to move throug the sands into the wells and thence to the surface, this coincident production of natural gas will contime as long as present day producing methods are used. Generally the use of this gas is restricted, and markets are not readily available Consequently, a large portion of the gas produced at such times is often wasted by being blown into the air.

Dec 1, 1930

By John A. Cherry

Groundwater monitoring conducted at an acidic uranium-tailings impoundment in Wyoming and at one in Ontario indicate that at these unlined impoundments situated on unconfined sand aquifers, there exist well-developed plumes of contaminated groundwater. In the literature similar results are reported for three other unconfined aquifers at mill sites in Wyoming. The plumes extend for distances of several hundred to a few thousand metres from the impoundments. They have a zone of low pH beneath and adjacent to the impoundments and a larger zone of near-neutral pH that extends to the outer limits of the plume. The low-pH zones are generally small compared to the neutral-pH zones because the advance rate of the fronts of acidic tailings-derived water is slower than the average velocity of groundwater which controls the advance of the high pH zone. The retardation of the acid fronts is a result of geochemical reactions that cause hydrogen-ion consumption in a slowly-advancing neutralization zone. Within each of the plumes, the low-pH zone has high concentrations of transition metals, heavy metals and radionuclides. In the neutral-pH zones all of the metals and radionuclides occur at significantly lower concentrations and are generally at levels much below those specified in national drinking water standards. An exception at two of the Wyoming sites is uranium, which exists at levels close to the drinking water limit. A second exception is ferrous iron at the Ontario site, which occurs at high concentrations throughout most of the plume. The carbonate alkalinity at this site is much lower than at the Wyoming sites. The field data indicate that even in very permeable aquifers with a low content of silt and clay, there is normally a considerable capacity for acid-front retardation. To take advantage of this capacity to control contaminant movement in the design, operation and decommissioning of tailings impoundments, it is necessary to be able to predict the rate of acid-front movement. This predictive task has two primary components. The first is to identify the important flow paths from the tailings through the groundwater system and the second is to determine the degree of acid-front retardation that will occur as the tailings-derived water moves along these flow paths. Relative to these two tasks determination of the effects of hydrodynamic dispersion is generally of lesser importance and simple approximations that do not involve field or laboratory tests are probably adequate. In order to effectively apply the acid neutralization concept to the prediction of subsurface contaminant migration at uranium-mill tailings, improved representations of hydrogeochemical behavior of iron and aluminum in the neutralization zone and of the consumption of hydrogen ions through reactions with carbonate and aluminum-silicate minerals are required. Along with the hydrogen ions contained in the tailings water the ferrous iron represents a large potential source of acid but the extent to which ferrous iron converts to ferric iron to produce acid is problematic. Detailed hydrogeochemical evaluation of existing contaminant plumes and the performance of laboratory experiments under appropriate redox conditions ore prerequisites for the improvement of predictive models. However, the existing field and laboratory data provide a basis for preliminary predictions of contaminant migration from acidic uranium tailings impoundments.

Jan 1, 1982

By Bill A. Hancock

In Situ leaching for the recovery of uranium from low grade sandstone deposits is one of the newest technological advances in the mineral industry. It is rapidly developing into a commercially feasible mining system which has economic, environmental, and social advantages over conventional mining systems. Because of the current uranium shortage, development of In Situ leaching into a sophisticated system has gained new impetus. In Situ leaching will become an important mining technique in the future, which will greatly help to supply uranium for our nation's energy heeds. In this paper, I will be giving an overview of the merits of the system, as well as the technology, problems, and research in solution mining of uranium.

Jan 1, 1977

By William S. Hannan, H. Rush Spedden

Flotation may be defined as a process whereby mineral particles are concentrated by selective adhesion to air-liquid interfaces. The process involves attachment of desired mineral particles to air bubbles, and removal of the mineralized air bubbles from the surface of the pulp as a mineral concentrate. Problem Although great strides have been made in understanding the principles of flotation, one part of the process which has not been adequately explained is the mechanism by which selected mineral particles become attached to air bubbles. A glance at the froth of an operating flotation cell demonstrates adequately that use of proper reagents and conditions mill result in such attachments; but how such attachment takes place is not definitely known. A better knowledge of this factor might lead to improved flotation practice either through altered machine design or the application of scientific innovations. Direct observation of the behavior of mineral particles and bubbles in an operating cell does not appear promising because of the complexity of the system. For this reason, conclusions concerning the problem must be deduced from theoretical considerations or from observation of simplified systems designed to reproduce conditions thought to exist in an operating cell. Present Theories Two mechanisms have been recognized as fundamental in particle-bubble attachment: gas precipitation and direct encounter. It is a simple matter to demonstrate in the laboratory that attachment can be brought about by either mechanism. As to the relative importance of the two in a particular flotation system, however, there is a divergence of views. Taggart1 states, Under exceptional circumstances sufficient force and time to effect attachment may conjoin in an ore pulp undergoing agitation, and a preformed bubble adhere to a collector-coated mineral particle, but the occurrence is rare. . . . Pulp-body froth flotation effects selection in the body of a conditioned pulp by causing gas bubbles to precipitate from solution in the liquid phase preferentially at the surfaces of collector-coated particles, and to cling to these particles, Gaudin2 states that, within the pulp body of an agitation machine, attachment of mineral particles to air bubbles occurs as a consequence of contact between the two. This theory has been supported by theoretical reasoning and much circumstantial evidence. Perhaps the most interesting bit of evidence in favor Of this theory js the difficulty in the flotation of fines. If attach-

Jan 1, 1949

By J. Y. Foley

Platinum-group elements (PGE) are preferentially associated with chromian spinels, including high-iron chromite, magnesian-chromian hercynite, and chromian magnetite in clinopyroxene-rich upper stratigraphic portions of the Tonsina ultramafic complex in southern Alaska. Ratios of Pt:Pt+Pd are proportional to chromium content in the associated chromian spinels. The maximum PGE content of geochemical rock samples from Dust Mountain is greater than 20.000 ppb (>0.6 oz/ton) with minor gold values. The maximum PGE content of tabled chromite concentrates is 3.430 ppb (0.1 oz/ton) at Dust Mountain. 1.029 ppb (0.03 oz/ton) at Sheep Hill, and 1,749 ppb (0.051 oz/ton) at Bernard Mountain. High-iron chromite at Dust Mountain yields tabled chromite concentrates with Cr:Fe ratios between 0.5 and 1.2. Lower PGE contents are found in more chromium-rich chromitites from Sheep Hill and Bernard Mountain that yield concentrates with Cr:Fe ratios between 1.0 and 2.8. Platinum-group minerals include amalgams. arsenides. PGE alloys, and sulfides. These minerals are between 3 and 40 microns in size and are concentrated along grain boundaries and fractures of metasomatically and hydrothermally altered chromian spinel grains.

Jan 1, 1987

By Wilfred P. Schmoe

Introduction An integrated oil company has two options in approaching strategic planning. It has to decide whether it is in business for the long-term. I state this in all seriousness. Those who help manage public companies have the responsibility of good stewardship of other people's money. We must decide whether continued investment in our basic business will generate a reasonable rate of return. With a world surplus of petroleum production capacity, and continuing downward pressure on prices, this question should be addressed by all oil companies. And a positive answer is not necessarily a foregone conclusion in all cases. The decision should be made based on proven competence in finding and developing petroleum reserves on a cost-competitive basis with other producers, and on a frank analysis of future prospects. This should include a realistic assessment of the projected rate of return on specific investment projects. If a company did not pass these tests, its strategy could take one of four paths. Diversification First, it could diversify. But recent history suggests that oil companies are not good at managing other businesses. Second, it could seek a buyer for its business at the optimum return for its owners. Third, it could sell its assets on a piecemeal basis. And, fourth, it could adopt a longer-range plan of self-liquidation by living off current recoverable reserves. In other words, by not investing in exploration and development, it could maximize short-term profit and pass the money back to shareholders in the form of dividends. The Conoco component of DuPont has a below-average cost of finding petroleum, a good track record of efficient production, and a full plate of projects that pass the test of return-on-investment. In short, Conoco is in business for the long-term. That fact, in itself, determines at least one key element in strategy. This is to extend the life of the petroleum reserve base while at the same time maintaining maximum efficient rates of production to provide a strong cash flow. A company that is able to maintain a strong reserve base will ultimately see the value of those reserves escalate as world oil supplies tighten. Our planners expect this tightening to occur within the next decade as demand grows and production in non-OPEC areas of the world begins to decline. An exploration program tailored to meet the requirements of reserve replacement and current production should have two basic parts. The first is relatively low-risk exploration in proven oil provinces. This is augmented by

Jan 6, 1985

By Y. Ren, B. Yang

The magnetic field characteristics due to electromagnetic stirring in the secondary cooling zone of an extra-thick slab during continuous casting are numerically determined using Maxwell's equations, with particular emphasis on the distribution of magnetic induction intensity and electromagnetic force, as well as the influence of process parameters on the magnetic field. The orientation of the electromagnetic force is the same when the electromagnetic stirrers at the 30° and 60° posistions of the arc-shaped slab are powered in the same direction; otherwise, the orientation is opposite. The magnetic induction at the centre of the section of the stirrer's central axis at the 30° positio, as well as the current, frequency, and fitting formulae, are as follows: B = {0.075I.(1/A)-0.3} mT and B = {-1.75f.(1/Hz)+22} mT. The electromagnetic force and current fitting formula at the central point of the B-B section is F = {0.03168I2.(1/A2)-03.762I.(1/A)+326.7} N/m3, and the fitting formula of electromagnetic force and frequency at the centre point is divided into two segments. The first takes the form of a parabola: = {-21((f-4.3).(1/Hz)2)+970} N/m3, and the second segment is negative linear: F = {-1.65f.(1/Hz)+51.5} N/m3.

Apr 16, 2024