Search Documents

By R. M. Whyte

The Konkola Deep Mining Project (KDMP) seeks to exploit the deep level potential of the Konkola Deeps orebody, producing high grade copper concentrates for treatment at the Nkana Smelter and Refinery. As an alternative to smelting, Konkola Copper Mines (KCM) has examined a processing route involving pressure leaching of the Konkola concentrates at Nchanga, with the leach liquor being treated by solvent extraction and electrowinning to produce high purity copper cathode. The solvent extraction circuit would be operated to achieve a high ?delta? copper, thereby providing a strong acid raffinate which can be used in the existing Tailings Leach Plant (TLP) to treat Nchanga oxide copper materials. The main focus of the hydrometallurgical option is to capitalize upon the synergy that exists between the treatment of sulphide copper concentrates (acid producing) and oxide copper ores (acid consuming). The paper discusses the key features of a comprehensive piloting campaign carried out at Anglo American Research Laboratories, which involved the co-treatment of Konkola copper concentrates and Chingola refractory ore in a fully integrated pilot plant circuit.

Jan 1, 2001

By S. Panigrahi

The SO2-ammoniacal ammonium sulfate leach liquor generated by leaching of manganese nodules, after removal of minor quantities of iron and manganese, contained copper, nickel, cobalt, zinc and (NH4)2SO4. After extraction of copper from the leach liquor with LIX 84I, stripping of ammonia from the Cu-barren raffinate was carried out followed by precipitation of metal ions from the ammonia-stripped solution as sulfides. Leaching of the sulfide precipitate was carried out with H2SO4 to obtain a leach liquor containing 0.58 kg/m3 Cu, 2.67 kg/m3 Zn, 2.00 kg/m3 Co, 24.68 kg/m3 Ni and 10.0 kg/m3 (NH4)2SO4. After extraction of copper and zinc from the sulfate leach liquor with LIX 84I and D2EHPA, respectively, the solution was left with Co and Ni. Extraction of cobalt from the Cu- and Zn-free solution was carried out with 0.1 M PC88A and stripping of the cobalt-loaded organic was carried out with the cobalt-spent electrolyte (pH 1.4). Extraction of nickel from the cobalt-free solution was carried out with 90% neutral 1M NaPC88A followed by stripping of the nickel-loaded organic with 120 kg/m3 H2SO4 solution. Extraction of metal ions increased with increasing equilibrium pH and extractant concentration. The maximum separation factors, with respect to the pH and extractant concentration variation studies, were 3796.7 and 15350.0, respectively. The extracted species for the metal ions were CoA2?3HA and NiA2?5HA.

Jan 1, 2009

By John G. Peacey, Leoncio Sevilla G., Ford. Kevan J. R., Erling Villalobos C.

"Kinross Gold Corporation’s Mantos de Oro (MDO) gold/silver mine in northern Chile currently processes 15,000 tpd of oxide ores through a mill, whole ore cyanide leach plant followed by a Merrill-Crowe refinery. With the expected depletion of these oxide ores in a few years a new sulphide mineral deposit, Ladera-Farellón has been identified to potentially replace existing ore reserves. The deposit contains approximately 0.5g/t Au, 6g/t Ag and 0.5% Cu. The principal sulphide mineral in the deposit is enargite (Cu3AsS4) which hosts the majority of gold and silver and the copper. Direct cyanidation testwork has shown the sulphide mineral is refractory with a low gold recovery of 36% and silver recovery of 45%. Oxidation of the sulphides is required to liberate gold and silver and allow recovery of copper as an important pay-metal. Therefore, at MDO a new metallurgical process route with oxidation as a pretreatment step is required for viable treatment of such new sulphide mineralized material with acceptable recoveries of pay-metals.Analysis of flowsheet options was completed based on bench-scale and pilot scale metallurgical testwork as well as with reference to existing studies and operations. The process options investigated assume concentration of sulphides by flotation, followed by either pressure oxidation, bacteriological oxidation or roasting. Preliminary evaluation of flowsheet options focused on process risk, operability, technology availability and the economics of the project with emphasis on use of the existing metallurgical plant to reduce capital cost. Operating costs for each process option were also included in the relative analysis.The challenges of treatment of MDO sulphides, principally enargite and pyrite for recovery of gold, silver and copper center on fixation of arsenic and sulphur capture with environmentally acceptable disposal of residue tailings. This environmental focus was included in the process option selection and comparative analysis.This paper presents a review of the process options considered and highlights comparative advantages/disadvantages of each process with associated environmental issues. Preliminary conclusions are drawn on roasting as a potentially favorable process option for the treatment of MDO sulphides."

Jan 1, 2009

By R. Ressel

Keywords: ferrovanadium, thermodynamics, phosphorus Recyclable material is rapidly gaining in importance as a source of raw materials in industrialized countries. This is also the case in the production of ferrovanadium, where, increasingly, materials such as discarded capacitors, spent catalysts, slag, dust and sludge are used. As the V-content in the raw material varies greatly, the demands on process technology are very high. The share of perturbing elements depends very much on the source of the raw materials, which, in turn, makes a corresponding optimization of the various refining steps necessary. The raw materials are mostly available as oxides, which means that carbon, silicon or aluminium are used as reducing agents. Thermodynamic calculations were used to show especially the behavior of vanadium and phosphorus at different process conditions.

Jan 1, 2005

By Y. Pokhvisnev, S. Vandariev, A. Yatshenko-Juk, V. Valavin, V. Romenets

The technology of the liquid-phase reduction process known as Romelt was developed in the Moscow Institute of Steel and Alloys in 1979. The pilot plant was constructed at the Novolipetsky Steel Works (Russia) in 1984. Investigations into processing zinc-containing blast oxygen furnace dust and slag from the Lead and Zinc Works at the pilot Romelt plant proved the perspective of using this technology for processing zinc and lead-containing materials. In this article, the description of Romelt technology, basic technological information of trials at the Romelt plant using zinc-containing materials, compositions of charging materials, metal, slag, gas and dust are presented. The influence of flue gas composition on the composition of zinccontaining dust is shown.

Jan 1, 2000

The prospect of utilisation of phosphate ores which contain high P2O5 values associated with Al and Fe has produced a great deal of interest over many years. Processing options have generally been based on the utilisation of by-products which were required to offset the processing costs.   This paper presents a range of processing options which have been investigated at laboratory or technical scale on phosphate ores which predominantly consist of crandallite, CaAl3(PO4)2(OH)5.3H2O and millisite, Ca(NaK)Al6(PO4)4(OH)9.3H2O. Christmas Island (Indian Ocean) and Mt Weld (Western Australia) phosphate ores are good examples of such feedstocks. It is expected that these processes may also be applicable to such phosphate ores from other locations.

Jan 1, 1990

By T. Holmes, J. Middlemiss

"Agnico-Eagle (AE) has been operating their Kittila Mine in Northern Finland since 2008. The mine has experienced considerable ore flow problems with ratholing, bridging and freezing in their mill feed bin since start up. In the first winter of operation, the entire central portion of the contents of the cylindrical flat-bottomed 2000 tonne mill feed bin froze. Flow was erratic and could only be achieved through small diameter ratholes. To maintain a reasonable, albeit limited, feed to the mill, the bin had to be kept less than ½ full and a portable steam generator was brought in to melt the frozen agglomerates that frequently blocked the outlets. The combination of limited surge capacity and frequent outages required the crushing plant to operate 24/7 and resulted in inconsistent production levels and high operating costs.AE had planned to expand the processing plant to increase throughput by about 30% when they transitioned from open pit to underground ore. These plans presented an opportunity to improve the material handling.To avoid the problems experienced with the original mill feed bin, AE enlisted Jenike & Johanson Ltd. (J&J) to test samples of the ore, and based on the measured flow properties to provide design recommendations to ensure that the new mill feed bin would operate reliably. The new 2000 tonne expanded flow mill feed bin and apron feeder were installed in 2014 and are now supplying almost 93% of the total mill feed with the remaining coming from the original bin.IntroductionIn early 2009, AE engaged J&J to visit their then recently opened Kittila mine and mill in Northern Finland (Figure 1). Over the first half-year of operation, production had been restricted in the ore handling and storage system by flow problems such as ratholing, bridging and freezing including blockages of chutes and hoppers as a result of frozen fines buildup and large frozen agglomerates. AE wanted to increase production in the existing open pit mine and mill feed operation and also wanted to avoid similar ore handling problems when they commissioned the new underground mining system under development at that time."

Jan 1, 2017

By P. Rosten

US mine production of iron ore in 1984 showed some improvements compared to 1983. But reduced demand from the iron and steel industry caused temporary shutdowns of many iron ore mines and pelletizing plants. US raw steel production in 1984 was slightly above 1983, but still at a depressed level. Production was 83 Mt (92 million st), compared with 77 Mt (85 million st) in 1983 and 68 Mt (75 million st) in 1982. Two major production trends continued in 1984. They were the increased production from electric furnaces and the growing use of continuous casters. Electric furnace production included 33.2% of the steel poured in 1984, compared with 31.5% in 1983. Continuous casting was used for 39% of 1984 steel production, compared with 32.1% in 1983. Statistical Process Control Statistical Process Control (SPC) has taken on new proportions in the iron ore and steelmaking industries within the last year. This mathematical technique is used to monitor, control, evaluate, and analyze a manufacturing process. The technique charts variability of important quality parameters. Training and adaptation of SPC techniaues for process control have been initiated at Inland, Steel's Minorca, Pickands-Mather's Hibtac, Cleveland-Cliff's Empire and Sherman operations, and at Reserve Mining. One of these operations has requested its bentonite supplier provide SPC charts on quality specifications. Some of the steelmaking operations (Inland Steel, Bethlehem Steel, Dofasco, LTV Steel, National Steel, Stelco, Weirton Steel, and Wheeling-Pittsburgh) have set up SPC programs within their operations. And they also have insisted that some of their suppliers use SPC. Plant Shutdowns The permanent closure of Stelco's Griffith mine at Red Lake, Ontario, has been delayed by one year. This gives employees more time to adjust. The mine is now set to close in April 1986, instead of April 1985. Sidbec (Canadian government) and its other partners (including British Steel Corp., Quebec Cartier Mining, and US Steel) closed its iron mining operations at Gagnon, Quebec. The pellet plant has been leased to Quebec Cartier. New Iron Ore Operations The massive Carajas iron ore project in Brazil is scheduled to come onstream in Jan. 1986. It is to achieve full-scale commercial shipments by July of that year. The 66% iron crude ore requires only crushing and screening before shipment. The product consists of 83% sinter feed and 17% coarse ore. Annual production capacity will be 32 Mt (35 million st) when the project is completed. Principal customer for the ore is Nippon Carajas Iron Ore Co., a consortium of Japanese steel mills. The Arab Iron & Steel Co. (AISCO) has started up a $US300 million, 3.6 Mt/a (4 million stpy) iron ore pelletizing plant built by Kobe Steel Ltd., at Al Hidd-hide in Bahrain. By 1986, this grate-kiln-cooler plant will supply high quality iron ore pellets to feed direct reduction plants in the immediate Gulf area and Far East markets. Iron ore supplied from Brazil, Peru, India, and Mauritania provides the feed to the pellet plant. Hydrated lime (2%) is used as a burden.

Jan 5, 1985

By J Watt

The Hidden Valley Gold Project is located in a remote and mountainous area of the Morobe Province approximately 30 km south of the township of Bulolo and approximately 90 km south-southwest of the provincial capital, Lae. The Hidden Valley deposit was discovered in 1984 with the nearby Hamata and Kaveroi deposits discovered in 1987 and 1992 respectively. Reserves (Harmony, 2009) at these three deposits are 42.1 million tonnes of ore containing approximately 2.9 million ounces of gold and 45 million ounces of silver. A further 5.4 million ounces of gold and 84 million ounces of silver are in the resources category. The process plant is designed to treat 4.2 million tonnes per year of gold/silver ore extracted by open cut mining methods. Ore is classified into three ore types according to oxidation state: oxide, transition and primary. The silver to gold grade ratio is high for the Hidden Valley and Kaveroi ores, generally in the range 15 - 20:1, and much lower for Hamata, typically 1 - 2:1: Primary ore is the dominant ore type at Hidden Valley with sulfur grades up to about two per cent sulfur. Oxide and transition ores are more prevalent at the Hamata deposit, but its primary ore has up to five per cent sulfur grades. Variable ore types, particularly in the initial years of operation, high silver to gold ratios and limited plant site area, due to the challenging terrain, present the main processing challenges for this project. This paper describes the operating strategies and process development for the main areas of this circuit, highlighting selections of processes and equipment that achieve cost effective, yet flexible solutions to the treatment of ores from these deposits.

Jan 1, 2009

By Michael J. Mankosa

Increased emphasis has been placed on recycling consumer and industrial waste products. This trend has created a new industry that is focused on recovery/ separation of byproducts from waste material. As a result, interest has increased in the development of separation systems designed for the recycling industry. Much work has been done in this area. However, existing techniques developed for minerals beneficiation are often ignored. An example of is the foundry industry. There are currently more than 3,000 foundries in operation throughout the United States. Each consumes between 9 and 900 t/d (10 and 1,000 stpd) of sand for mold production. Either silica, chromite or zircon is, used in various combinations with chemical or clay binders. After casting, the sands are typically discarded into a landfill. This practice has become an environmental concern, especially the disposal of chromite and zircon. Silica sand is not environmentally sensitive. But it is used in greater abundance (6 to 7 Mt/a or 6.6 to 7.7 million stpy)and thus has prohibitive haulage and landfill costs. Current technology for sand reclamation involves thermal treatment to remove residual binders followed by dry mechanical attritioning (Leidel, 1993; Klein, 1994). This approach results in high losses due to fines generation and high costs associated with thermal treatment. As a result, this approach has shown only limited success. Stringent regulations are also affecting the disposal of secondary materials, such as plastics and metals. This is particularly true for the ferrous and nonferrous scrap metal industry. It plays a major role in industrial recycling of steel, aluminum and copper. Applications such as wire recycling present challenging problems since a hazardous byproduct (plastic insulation) is generated by the recycling.

Jan 1, 1997

Declining metal prices over the last few years have reduced the number of new metallurgical plants being built and limited opportunities for introducing new processes. However, technological advances are still being made. With increasing economic pressures, the emphasis is now on reducing unit costs by making equipment larger and through use of technologies with lower operating costs. This trend can be seen in the increasing size of grinding mills and flotation cells used in recent plant designs and in the adoption of HPGR crushing as an alternative to SAG milling. Few new technologies achieve widespread introduction until there are clear economic or operational drivers. These might currently include: ò          increasingly stringent environmental standards; ò          availability of exotic materials for equipment construction; ò          increasingly sophisticated instrumentation and control systems; ò          the need to treat increasingly refractory oretypes; and ò          the length of supply routes to many new plants. As a result of these drivers, a number of new and revitalised technologies will get increasing prominence in the design of new operations, such as: ò          use of ultrafine milling equipment such as MIM's Isamill for treatment of refractory gold ore concentrates; ò          use of thiourea as an alternative for cyanide in sensitive locations; ò          novel hydrometallurgical routes for treating base metal ores in remote locations; ò          paste thickening for tailings deposition; and intensive cyanidation of gravity concentrate

Jan 1, 2000

By Cabrera M. Manuel C

A fines de 1980, la empresa Minero Perú construyó una operación piloto de monitores y planta de lavado con una capacidad de 1,500 m3/día, incrementando la producción de oro a un 80%. En este sentido, el presente texto señala la producción de oro de esta minera peruana, utilizando dichas herramientas mencionadas. Para ello, se describe la geología, minado, características del monitor seleccionado, características de la bomba de alta presión, metalurgia y las plantas de lavado.

Oct 14, 1980

By S. G. Gibbs, A. B. Neely

Jan 1, 1967

By H. A. Lesser, H. L. Stone, G. H. Bruce

ESSO PRODUCTION RESEARCH CO., HOUSTON, TEX. A mathematical model that represents the conduction heating of a rock formation of limited permeability is formulated. Heat is introduced by the injection of a hot condensing gas into horizontal fractures through the formation. The fractures are assumed to be equally spaced; the flow of fluid is linear. The model consists of three coupled partial differential equations and two functional relationships. Temperature histories for both fractures and formation are obtained by numerical procedures. Application of the model in predicting in situ heating of oil shale is illustrated with four sample cases. Influences of shale thermal diffusivity, fluid pressure in the fracture and fracture spacing upon heating rate are demonstrated. In all cases considered, several years were required to heat all the formation to 700F with 1,000F steam. Less than 32 per cent of the injected heat was utilized for heating the shale. To facilitate extensive calculations of this type, a set of seven dimension-less quantities are derived. With this dimensionless system, the effect of controllable parameters on economics can be explored. INTRODUCTION Vast deposits of hydrocarbons are contained in oil shale formations in the western United States and in other countries. These hydrocarbons, known as kerogen, are difficult to recover because they are immobile solids and because the rock formations in which they are found have very limited permeability. The kerogen can be converted through pyrolysis to recoverable liquids and gases if the formation temperature is elevated to the range 600 to 800F. To accomplish this heating, the formation might be artificially fractured and a hot fluid injected into the fractures. If the injection and production wells are vertical and the fractures horizontal, interwell communication will be established and the hot fluid will flow from an injection well to a production well. In this process, some of the heat in the fluid will be given up and conducted into the formation. Products of pyrolysis will flow from the heated rock matrix into the fractures and be produced, commingled with the injected fluid. The practicality of such a process is strongly influenced by the rate at which heat can be transferred from the hot fluids to the formation. An analysis of this heat conduction problem is the subject of this paper. Linear flow of a condensing gas through a set of horizontal, equally spaced fractures is considered. Temperature histories for both fractures and formation are obtained from numerical procedures. The analysis also applies to formations containing streaks of natural permeability instead of fractures. Heat flow problems similar to the one treated here have been studied by other workers. Thomas1 has solved a radial problem in which he considers the injection of a noncondensing gas into a single, horizontal fracture and approximates the temperature profile in the fracture by a step function. The solutions to other problems, which are less similar to the present problem than the one treated by Thomas, have been reviewed by Spillette.2 In addition to these mathematical studies, a field test of an in situ shale oil recovery process using hot natural gas as the injected fluid has been reported.3 The first part of this paper is concerned with the mathematical development of the problem. The differential equations, boundary conditions and functional relationships which describe the physical model are formulated and the equations are cast into finite difference form. The method of solution of the difference equations is discussed (Appendix B). The second part of this paper presents results computed for a typical oil shale formation for which steam at 1,000F is the injected fluid. Fracture spacing, horizontal and vertical thermal diffusivities

Jan 1, 1967

By J. W. Givens, P. B. Crawford

A potentiometric model study has been made of the effect of vertical fractures existing in the matrix of the reservoir on the flooding or cycling performance. Fractures can have unusual flow characteristics. Fluid entering one side of a fracture can emerge on either the same or opposite side of the fracture, depending on the particular streamline. Fracture orientation has a great influence on the sweep efficiency. However, sustained fluid injection may still permit large areas to be swept. INTRODUCTION One can find considerable information available in the literature on the effect of fractures originating at the wellbore on sweep efficiencies of water-flooding or gas cycling programs.1-5 However, there arc few, if any, quantitative data reported in the literature on the effect of vertical or horizontal fractures existing out in the reservoir matrix on secondary recovery performance. Several papers have been presented on the effect of vertical and horizontal fractures on the productivity or conductivity of waterflood and gas injection patterns, but in all cases the fractures initiated at the well and simulated commercial fractures.6,7 It is believed that natural fractures may exist out in the reservoir matrix and would effect the displacement performance. The purpose of this report was to study the effect of a few isolated vertical fractures existing out in the reservoir matrix on the performance of waterflood or gas injection patterns. DESCRIPTION AND EQUIPMENT Since the potentiometric model was described by Lee8 it has been widely used to study numerous types of fluid displacement problems. The potentio- metric model can be used for fluid displacement studies when the following assumptions are valid: (a) steady-state conditions exist; (b) the mobilicy ratio is one; and (c) the capillary and gravitational effects can be neglected. Five-spot and direct line drive square patterns were studied using a copper strip of the desired length and orientation to simulate a vertical fracture in the reservoir matrix. The 20 x 20-in. model was considered to represent only one element of an infinite array of similar patterns. DISCUSSION AND RESULTS FIVE-SPOT PATTERN — ONE FRACTURE BETWEEN INJECTION AND PRODUCING WELLS Fig. 1 shows a quadrant of a five-spot pattem with the vertical fracture existing out in the matrix along a line connecting the injection and producing wells. Length of the fracture was equal to 35.4 per cent of the distance between injection and producing wells. In this particular pattern it is noted that fluid breaks through from the injection well to the producing well when the dimensionless time is equivalent to 26.9. Dimensionless time is defined as volume of fluid injected divided by the volume of displaceable fluid in the pattem expressed as a per cent. The cross-hatched areas of this

Jan 1, 1967

By J. L. Huitt, B. B. McGlothlin, J. J. Day

Laboratory tests were made with pure minerals and actual reservoir rock samples to study the effects of hydrothermal (steam m hot water) treatments on reservoir rock properties. These tests showed that hydro-thermal treatment of many reservoir rocks can result in significant rock softening. The softening was attributed primarily to the partial destruction of dolomite and kaolinite and the synthesis of montmorillonite in the presence of excess silica. In many cases, the softening was great enough to cause considerable healing of propped fractures; therefore, a serious reduction in welt productivity could result. In other tests it was found that the addition of ammonia to a hydrothermal treating fluid in a concentration as low as 0.013 Ib/lb of water not only could prevent rock softening but could cause rock hardening. The results of X-ray diflraction analyses of rock samples showed that when ammonia was added to the treating fluid, ammonium-mica and analcite were formed instead of montmorillonite. No significant permeability damage was observed in the sandstones that were subjected to the ammonia-hydro-thermal environment; in some sandstones, permeabifity improvements resulted. INTRODUCTION As the use of steam or hot water becomes more prevalent in well stimulation methods. the need for information on the effects of such treatments on reservoir rock properties becomes increasingly apparent. Several works have been published on high-temperature changes in rock properties,',' but these are more applicable to in situ combustion operations than to steam or hot water injection processes. The mineralogical literature contains many publications which report on the changes occurring with various pure minerals in hydrothermal systems. A review of this literature denotes the ease with which entirely new, crystalline mineral phases can be synthesized from other minerals in hydrothermal environments at temperatures, pressures and residence times typical of those encountered in oilfield thermal recovery or stimulation processes. Discussions of many of these experiments are given by Deer et al. Grim,' Roy et al., Zen\ and Hawkins.' One of the most significant of these pure mineral studies is the hydrothermal synthesis work of Levinson and Vian" in which montmorillonite was synthesized from naturally occurring minerals; i.e., kaolinite, quartz and carbonate minerals (particularly dolomite). These reactions occurred at 575F in only 2 days and at 300F in 5 days. These results may be applicable to petroleum reservoir rocks since the minerals studied were those which are commonly found in sandstones. Furthermore, the environmental conditions imposed in the studies were very similar to those involved in thermal stimulation of petroleum reservoirs, e.g., steam or hot water injection. Other studies have suggested that weak rocks could be hardened by "electrochemical induration", a process in which an electric current is applied to a clay-containing rock body. These tests can be regarded as hydrothermal treatments since they were conducted in some instances with aqueous solutions and since clay temperatures during the electrical treatment reached a maximum of about 100C. Although a number of studies of the reaction of pure minerals have been reported, very little has been published on the reactions of petroleum rock-hydrothermal systems. No work has been reported on preventing the more detrimental rock changes in rock softening which might occur during the injection of steam or hot water into reservoirs. The studies described in this paper were conducted to provide such information. EXPERIMENTAL APPROACH The laboratory tests included studies of the effect of hydrothermal treatment on core samples from several different reservoirs. The hydrothermal treatments (simulated steam treatments) were conducted with distilled water at 575F, for the most part, for periods of 2 to 6 days. This temperature level was selected because it represented that temperature which would probably prevail in several cases under consideration for steam injection projects. The core samples, as well as the pure mineral samples, were contained in high-pressure stainless steel, autoclave-type pressure vessels. The effects of the hydrothermal treatments were evaluated by measuring the penetrometer hardness, formation rock embedment strength and permeabilities of the core samples before and after the treatments (Fig. 1)'" In addition, the mineralogical changes in the specimens were studied by X-ray diffraction. Concomitant with the core sample studies, the mineralogical changes were studied in greater detail by conducting hydrothermal synthesis experiments with pure minerals at similar temperature levels and residence times. For the most part, samples of finely-crushed pure dolomite.

By M. Kaitz

A continuing discussion in both the petroleum engineering and economic literature is directed to the difficulties encountered in the use of discounted cash flow rate of return (DCF) as a measure of investment worth. Although useful in most Instances, DCF has been criticized because it is time-consuming in its trial-and-error solution, theoretically invalid, not adaptable to cash flow streams yielding multiple return solutions and not entirely reliable in selecting between mutually exclusive investments. The theoretical invalidity of DCF stems from the reinvestment assumption implicit in the calculation that earnings are reinvested at the DCF rate. The emerging consensus of the economic literature is that the net present value or the present worth of the net cash flow stream (discounting at the average opportunity or cost of capital rate) is more correct and reliable. Other criteria proposed have been ratios of net present value divided by initial investment or by present value of all investments in a project. All of these criteria are simple to determine and explicitly assume a reinvestment rate for [he income generated by a project. This paper develops and discusses a theoretically valid profitability criterion which is simple to compute and retains the appeal of a percent return on investment. It is called "percentage gain on investment" or PGI. It measures the gain an investment is expected to realize over like capital invested in the average opportunity and explicitly considers reinvestment potential. Why add another Concept to the large array of investment criteria now available, any one of which, or perhaps a combination of several, appears to embrace the form's (or individuals) objectives? The answer is that not one of the existing criteria provides both a readily comprehensible and theoretically valid measure of risk coverage that has general application. The proposed PGI does fulfill these requirements. INTRODUCTION An ancient expression warns that "one must yield to the times" — there are better ways of doing things. A review of the petroleum engineering and economic literature on one topic alone, measurement of investment worth, certainly is witness to this truth. In use for a number of years, the DCF has recently received attention, directed mainly to its theoretical invalidity. Several alternatives to DCF have been proposed to provide a valid, simply determined criterion to describe investment worth and to overcome the criticisms previously mentioned. This paper introduces another method called percentage gain on investment (PGI) and is proposed as but one of several yardsticks that should be used in making investment decisions. MEASURES OF INVESTMENT WORTH This paper will consider only those criteria which give weight to the time pattern of future earnings. These criteria are usually compared with an average opportunity rate or cost of capital of the firm to judge the relative worth of the investment. For purposes of demonstration, a 9 percent average opportunity rate will be used throughout this paper. Implicit in the DCF calculation is the assumption that earnings are reinvested at the DCF rate. Some argue, though, that there is no reinvestment assumption,' that the DCF rate is simply that maximum rate of interest one can pay on the investment over the life of the project and break even. The determination of DCF is accomplished by discounting the net cash flow stream at that rate (DCF) which will yield zero. The question is: why should reinvestment potential be explicitly considered in calculating return on investment or other criteria measuring economic worth? Perhaps the answer lies in consistent or equal treatment of future cash flow. It appears entirely illogical to give different present worth value to $1 received, say, 10 years from now, which is the circumstance resulting in comparing projects with different DCF returns. In fact, $1 received in 10 years has the same value regardless of which project generated the income. DCF return thus favors investment projects which are expected to provide early income as compared to those providing long-term income. Not surprisingly, the controversy on reinvestment assumption is an old one. Hoskold' discussed this same problem in 1877. He considered the future income from mineral properties as an annuity or a series of fixed future payments. (As will be demonstrated, his equation can be modified for variable income.) Prior to Hoskold, the value or what one could pay for the mine, was determined with the use of standard, single-interest tables. Here is what Hoskold said with regard to these tables. "This table, and others of its kind, to be found in most works on annuities, is constructed correctly according to

By K. E. Brown, J. P. Brill, A. R. Hagedorn, T. C. Doerr

A recent correlation for multiphase vertical flow by Hagedorn and Brown1,7 has been used to examine the effect of numerous variables such as pipe size, gas-liquid ratio, liquid flow rate, liquid viscosity, liquid surface tension, oil API gravity, water cut, etc., on flowing pressure gradients. Most previous correlations were derived by using a form of the general energy equation which assumed negligible changes in kinetic energy. Under certain flow conditions this can lead to serious errors in predicting pressure traverses. Examples of traverses calculated both with and without the kinetic energy term are included here. The Chew and Connully correlation for calculating changes in viscosity with changing pressure and temperature has been extended so that the effect of a changing viscosity with depth on pressure gradients can also be predicted. Examples illustrating the effect of tubing size show the importance of this correlation in determining pipe sizes for initial well completions. Limitations on production rates in small pipe sizes from excessive friction losses can be predicted with greater accuracy. The combined use of a vertical-flow correlation with a horizontal-flow correlation provides a method for determining the maximum flow rate possible from both flowing and gas-lift wells. Examples are included to illustrate application of the combined use of vertical and horizontal-flow correlations in optimizing production rates and minimizing excessive costs from over injection of gas in gas-lift wells. INTRODUCTION The problems of multiphase vertical and horizontal flow are immediately encountered in any producing well. Fig. 1' shows three stages of production: flow in porous medium, vertical flow and horizontal flow. All three stages affect the production rate from a well. If we are confronted with a particular well and consider only the variables involved in the vertical and horizontal stages of Fig. 1, we should be capable of calculating the flowing bottom-hole pressure necessary to produce a particular flow rate. A change in any of the variables results in a new solution to the problem. Recent approaches in developing horizontal and vertical-flow correlations have improved to the extent that the solution can now be obtained with more confidence than previously. VERTICAL AND HORIZONTAL FLOW CORRELATIONS Since Poettmann and Carpenter's' original work in multiphase vertical flow, there have been many additional vertical-flow correlations developed which have greatly improved the accuracy of pressure-loss calculations. These

Jan 1, 1967

By D. J. Weintritt, J. C. Cowan

Methods of studying oilfield mineral .scale deposition in the laboratory do not work for barium sulfate because only small nonadhering crystals ore formed. On the other hand, barium sulfate scale found in down-hole or surface equipment is strongly adhering and may contain very large crystals. Results suggest that most of the difference derives from the extremely low .solubility of barium sulfate. Firm adherence of scale and the consistent development of oriented crystals 100 microns and larger suggest a relationship between scale adherence and crysta1 growth. Data from this study indicate some reasons for barium sulfate's occurring as a deposit in oilfield waters. The unique characteristics as well as the associative properties of barium sulfate scale as related to calcium carbonate and calcium sulfate ere shown. INTRODUCTION The first observed deposition of barium sulfate scale in oilfield production equipment is unknown but probably coincides closely with the beginnings of the oil industry itself. Moore' described barite oolites in some producing wells in the Saratoga field, Tex., in 1914. Currently, positive identification of barium sulfate deposition is recorded in most of the major oil-producing areas of the United States. As efforts continue to identify the composition and functions of the materials found in scale deposits, the geographic and economic importance of the part played by barium sulfate will become even more important. This belief is based on the following Facts. 1. Many oil fields in the U.S. are in or entering their mature phase and the volume of produced water is increasing; thus, the cumulative effects of low-solubility minerals become more significant. 2. Secondary recovery techniques and increased emphasis on waste disposal systems require controlling the behavior of all constituents of water to prevent formation plugging. 3. The more general use of instrumental analysis has reduced the time and improved the accuracy of complete scale and water analysis. 4. Once formed, barium sulfate scale is resistant to present methods of chemical removal; therefore, costly mechanical methods are necessary. Thus, new methods of prevention and control will require specialized chemical techniques and better knowledge of the causes of scaling. Consider the results of some simulated field deposition studies illustrating this need (Fig. 1). The studies utilized a Scale Deposition Test Cell* and each coupon was exposed to 8,000 ml of a 300 me/liter solution of the various types of mineral scale. All tests were conducted at 140F. Only the calcium sulfate and calcium carbonate deposited scale. The solution containing 300 me/liter of barium sulfate exhibited copious amounts of precipitate, but none of the precipitate adhered. The fluids from the effluents were also allowed to impinge on glass slides. Fig. 1 shows the relative adherence of the three types of scale on unetched glass. The barium sulfate failed to deposit in the same manner as the calcium carbonate and calcium sulfate solutions.

By B. Farshadi, B. Asi, M. J. Habibian

"Dare-Zereshk deposit is one of the deposits supplies ore for Taft copper Complex in Iran Yazd province. This deposit is situated underneath a village the same name. Prior to mining activities, the village and its agricultural lands should be dislocated and deserted. This paper discusses about sustainability factors in this area including: Social and environmental effects of mining, dislocation and substitution of communities, created and lost jobs, financial and economic factors, quality of life index, infrastructures and post-mining land use. Studies have been performed by coupling Geographical Information System (GIS) with decision support tools such as Multi Attribute Decision Making (MADM), Through these studies revealed that considering the infrastructures developed for mine and plants, earned incomes and changing the community, mining activity in this area not only increases the social and regional sustainability but also improves it to a higher level."

Jan 1, 2011