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By R. M. Nadkarni

This paper examines the broad' economic parameters of copper smelting by conventional and new smelting technology. Location, transportation of products to market and pollution control options are discussed.

Jan 1, 1983

By A. H. -J. Siegmund

Since the last survey of lead smelters in 1987, the lead industry has experienced many changes. Technological innovations, in combination with a dramatic shift in the market structure as well as more stringent government regulations, caused major upheavals in many different areas. Therefore, a new survey was performed to review the progress in the technology of lead recovery over the least decade. The newly conducted survey reflects all current phases of the world's primary lead production, from charge preparation to refined metal shipment. It was prepared by sending questionnaires to individual companies, and the detailed statistical data of this survey are presented. In considering the data developed from the survey, it should be recognized that the primary lead industry is at a crossroad where novel technologies will gradually substitute the sinter machine - blast furnace operation in the new millennium.

Jan 1, 2000

By Payal Bakshi, Sangeeta Tiwari, Mohini Saxena, Anusha Sharma

"Recycling and reuse is perhaps the most favorable and beneficial way to solve the problem of industrial waste disposal. However, the use of industrial wastes like fly ash, tailings etc is in practice for brick manufacturing, land filling, embankments filling etc. These existing practices do not add enough value to the wastes. Moreover, some wastes may have very good potential to be incorporated in valuable products like paints. This study reveals about the value addition of industrial wastes like fly ash, copper tailing and blue dust as an extender in paints. Comparative properties and characteristics of these three wastes for application in paints are discussed. Fly ash, copper tailing and blue dust were characterized for physical, chemical and mineralogical properties and used in different paint formulation based on their potential to the particular application. Fly ash has been found very useful in enamel, primers and flat paints while copper tailing was found suitable in oil based paint formulations. The performance of fly ash and copper tailing paints were evaluated by comparing with those of conventional whiting extender. Blue dust was compared with conventional iron oxide for use in priming coats. The extender properties of these new material and paints prepared out of blue dust, fly ash, copper tailing, were found better than the existing related materials.IntroductionIndustrial development and environmental reforms should run parallel to benefit each other. This is the best policy, which must be adopted by industries for the sustainability of the current modern life. The high degree of industrialization and urbanization adds scads of waste resulting problem of pollution and challenges of their safe disposal. The nature of waste depends on the process that produces waste as its by-product. Therefore, policies/plans are prepared by keeping the view of possible potential hazards. Among the different wastes some are generated in the industries, which have great importance in the country’s economy, like fly ash waste from thermal power industry and mining waste. In India the total contribution of thermal power in the total electricity generation is more than 70% and it produces about 123 million ton of the fly ash annually [1]. On the other hand mining plus extraction of ferrous and nonferrous metals also produce waste in million tonnes of categories [2]. Since the generation of this waste is very high they cover large land area for their disposal and dumping [3]. The storage of this waste in the dumping sites for long time duration may cause problem of land, surface water, ground water and fertile soil contamination [4]. As far as Indian fly ash is concerned it does not contain toxic element over the limits of hazardous waste [5]. However, in general most of the metals deposits are found in the form of pyrite based ores. Mining wastes contain toxic elements e.g. heavy metals in varying amount, which get mobilized when pyrite get oxidized to sulphate producing sulphuric acid [6,7]. These ores contain very less amount of targeted metals in themselves thus they require extensive preprocesses for concentration of the metals [8]."

Jan 1, 2008

By C. Allen, A. Roy, J. W. Evans

A spouted bed electrode (SBE) has been used, in laboratory experiments, to electrowin zinc from zinc chloride electrolytes with the objective of determining the suitability of this electrode for commercial application. Zinc was successfully electrowon at current densities ranging up to 4,38 lA/m2, which are an order of magnitude larger than those used at present in the zinc industry. Current efficiencies, for the cell with the SBE, have been as high as 90% and DC energy consumption as low as 2.8 kWh/kg zinc deposited. The performance of the cell has been measured as a function of current density, anode type, cell diaphragm, addition of tributyl ammonium chloride and purging of the electrolyte (to remove dissolved chlorine).

Jan 1, 2000

By Joseph Sofra

It has become increasingly evident that sustainable metals production in the 21st century requires producers to balance the needs of cost effective, high value production with that of responsible plant operation. This is becoming more difficult as lower grade and more complex feed materials, including recycled scrap and residues, are being processed to reduce production costs and decrease exposure to primary metal market fluctuations. One particular facet of the metals industry facing these challenges in the 21st century are copper producers, The recent steady decline in the copper price has seen the industry cut expenditure, tighten control on income streams and focus on high returns on capital investment. For these reasons copper producers are looking towards flexible technologies that can deliver high value products, with minimal environmental impact at low capital and low sustainable operating costs. Ausmelt's Top Submerged Lancing (TSL) technology for copper production is a low cost, proven technology for the processing of both primary and secondary copper materials. Both the smelting and converting operations introduce significant advantages in environmental performance, improved process efficiencies and high rates of metal recovery, Ausmelt has made significant gains in the past 4 years in establishing a strong market position for its copper technology, New installations in China, South Africa and India as well as existing operations in Zimbabwe and China have demonstrated its effectiveness. This paper reviews the application of Ausmelt Technology for both smelting and converting of primary and secondary sources, It discusses Ausmelt's design and implementation philosophy, and how this philosophy meshes with the needs of the end user.

Jan 1, 2003

By K. Olsen

As aluminum alloy usage in automobiles grows, there are increasing demands on recycling processes and facilities to deal with mixed alloy automotive aluminum scrap. These processes and facilities strive to produce near virgin aluminum stock, which can be relatively costly and difficult. One alternative is to use physical processing methods to upgrade the scrap properties instead of chemically refining the scrap. The Impulse Atomization Process (LAP, patent pending) is a new process for making metallic and ceramic powders. It can produce fine homogeneous microstructures in scrap aluminum alloys due to high undercooling and rapid solidification. The particles have a very narrow size distribution and are in a convenient form for consolidation. This paper compares and contrasts the microstructural features of Impulse Atomized. and quenched Impulse Atomized powders,' for both AL6061 and a scrap aluminum alloy composition.

Jan 1, 1995

By Maurizio Marezio Bertini

Ammonia - ammonium sulfate solutions were sparged in a glass reactor with a SO2/O2 gas mixture (2% SO2 and 98% O2) to leach copper from pure chalcopyrite and chalcopyrite concentrate. The SO2/O2 mixture produces higher and faster extractions than O2 by itself. The effect of temperature, particle size and free ammonia concentration was investigated. The fastest and highest recoveries were obtained at 80 oC from a chalcopyrite concentrate with a d80equal to 13 m, with about 83 gpl free ammonia, an average pH equal to 8.75 and a stirring speed of 500 rpm. The extraction process was controlled by diffusion through a product layer, according to the shrinking core model, with an activation energy of 41 kJ/mole.

Jan 1, 2003

By I. Kim, J. C. Choi, W. D. Cho

"The effect of yttrium addition on the oxidation behavior of Fe3Al intermetallic compound was investigated in the range of temperature 800 to 1100 °C in 0.2 atm 02 in terms of oxidation rate and oxide adhesion. The oxidation rate of alloys, Fe-14.3 wt% Al and Fe-14.1 wt% Al-0.3 wt% Y, was nearly identical and the parabolic rate constant calculated as a function of temperature is Kp=5128 exp[-39506(cal/mol)/RT] mg2/cm4 hr.Rapid cooling and ultrasonic stress tests were carried out to test adhesion of scale formed on the alloys. While the oxide layer formed on the Fe-Al alloy without Y was found to be fragile and detached easily during the tests, the oxide layer formed on the Fe-Al alloy containing Y was protective, dense, and adhesive. The following two mechanisms were proposed to explain the adhesion improvement of Ah03 formed on the Fe3Al containing yttrium : (1) the addition of yttrium decrease generation of growth stress in alumina scale because the preferential diffusion of yttrium through grain boundary in alumina scale prevent internal oxidation of Al, one of main causes of growth stress, and (2) the second phase formed on the oxide scales prevents crack propagation through the scales, leading to better mechanical stability of the oxide scales.IntroductionIron aluminides have attracted the attention of many researchers as a candidate for use at high temperature because of their excellent oxidation resistance due to the formation of protective alumina scale. In order to resist aggressive environments at elevated temperatures, oxide scale formed on iron-uluminum alloy must satisfy the following three requirements : (1) thermodynamic stability (2) slow growth rate (3) adherence on substrate. According to Wallwork and Hed [l], the most suitable alloys for high temperature application are Fe, Ni, and Co alloys with the protection of Si02, Cr203, and Ah03 scales. While chromium oxide can vaporize as Cr03 above 1000 °C and silicon oxide may form low melting silicate [2,3], Alz03 has a high melting point and is the most stable among the three oxides thermodynamically [6]. In this respect, iron aluminides forming alumina seem to be most suitable for use at high temperature. However, alumina scale formed on the iron aluminum alloys tends to be easily spalled during oxidation due to the combination of growth stress and thermal stress."

Jan 1, 1998

By Cristiän Vargas, Jaime Simpson, Gerardo Cifuentes

"This paper presents a new process for the precipitation of Sb and Bi present in copper refinery electrolytes in the presence of Pb02 (Chilean Patent No. 45,037). To establish the conditions under which the precipitating compounds form, it was necessary to evaluate the amount of PbCh consumed, antimony extraction efficiency, precipitate stability, reaction kinetics, diffraction analysis and X-ray fluorescence, separation of size, plus observation of the precipitates in the electron microscope. Preliminary tests were carried with synthetic copper refinery electrolyte, and then the final testing was done with electrolytes from Chilean refineries. This process provides a real alternative for the treatment of copper refinery electrolytes for the control of Sb and Bi in solution; it is very simple to operate and is low cost compared with competing processes.Introduction.A high quality copper cathode implies a cathode free of impurities. The electrorefining process seeks to eliminate these impurities from the copper anode (99.5% purity) by its dissolution in an acid electrolyte using chemical and electrochemical reactions. As a result of this process, a cathode (99.99% purity) is obtained. If the concentration of impurities in the electrolyte, from the dissolved anodes, begins to increase; particularly if the antimony concentration in the electrolyte increases up 500 ppm, the formation of floating slimes which are a major cause of contamination of the cathode is favoured. The most important impurities from the point of view of their effect on the quality of the cathode copper, are Ag, As, Sb, Bi, Pb, Se and Te. Silver is necessary for the control of Se and Te. To control all of these impurities, it is necessary to establish different methods or parameters of control in copper electrorefining. These parameters are anode composition, additives, purification of the electrolyte, current density, acidity, etc."

Jan 1, 2012

By K. Hussin

Perlis is one of the major producers of ?Batu Reput? in Malaysia and majority of the deposits contain of high-purity calcium and magnesium carbonate. The composition of Batu Reput is similar with the ordinary dolomite. Currently, the ?Batu Reput? is used as filler in the road construction, however with this new invention, it can be value added and maximized its application in the daily life, for example as construction materials, decorative products, souvenir and etc. This paper presents the fabrication of Artificial Marble from ?Batu Reput? and in this case, it was used as filler in the matrix of epoxy which is acted as a binder.

Jan 1, 2006

By Toshia Suzuki, Keiji Kakudate, Yoshihiro Adachi

"A macro model for the steel usage pattern in Japan is proposed. The steels are classified into four types; converter steel for machinery and for construction and electric furnace (EF) steel for machinery and for construction. The steels are assumed to be discharged from the society in accordance with lifetime distributions of each usage. The amount of EF steel and the accumulation in society are calculated using a population balance model. The comparison with the calculated results and statistics ensures the validity of the model. Since the amount of EF steel for construction will increase and be oversupplied, EF steel will have to be used for machinery. The required and available amounts to supply EF steel for machinery are considered from the point of allowable· copper concentration for machinery use. Copper contaminates steel used for machinery during recycling process and contamination ratio is evaluated with the model. Copper concentration in EF steel is predicted for various scenarios.IntroductionThe amount of CO2 emission from Japanese steel industry is 48.0 million C-ton in 1990 and it occupies 15.1% of the total amount in Japan. In order to reduce the C02 emission and to save the natural resources, it is strongly required to promote the recycling of steel. However, the impurity contaminates steel in recycling process and lowers its quality. The copper concentration in EF steel is analyzed by Toi et al. using a macro model with the assumption that steel is discharged in proportion to the accumulation amount [1]. However the discharged amount of products is dependent on their age for service and usage pattern and not on the accumulation amount. In addition, the degree of copper contamination is different depending on the usage of steel. Therefore a precise model that contains the age for service within the society as a parameter and distinguishes the usage· of steel is necessary in order to clarify the problems in the recycling of steel."

Jan 1, 2000

By Raj P. Singh

Lewatit TP207, a chelating resin with iminodiacetate functional group, is used for the purification of cobalt hexammine chloride solution for divalent cationic impurities (US Patent No. 5,154,757). The method is employed at commercial scale in OSRAM SYLVANIA Inc. cobalt chemical production since 1992. It is observed that after long use in the purification of cobalt hexammine chloride solution, a large number of resin beads tum black from their original beige color. The purpose of this paper was to characterize these black-colored resin beads for their ion exchange behavior. The resin sample used in this work was an exhausted production TP207 resin containing large number of black-colored beads. The results indicated that blackened resin beads can be regenerated to almost full capacity and' their ion exchange behavior for the purification of cobalt hexammine chloride solution was comparable to the new resin.

Jan 1, 2001

By Chuan-fu Zhang

In present work, the physical properties of molten FenO-MgO-CaO-SiO2 slags were measured .It is shown by the results that when the slag composition is as follow: MgO 8%~12%, CaO 2%~8%, Fe/SiO2 1.2~1.6, the viscosity of the slags decreases with the increase of temperature. When the Fe/SiO2ratio and the MgO content are fixed, the electrical conductivity increases and the viscosity decreases as CaO content increasing, while the content of CaO exceeds 6% its influence weakens. When the MgO content is 11% and the CaO is 6%, the viscosity of the slag decreases markedly as the increase of Fe/SiO2 ratio. Its influence to viscosity is inconspicuous when the Fe/SiO2 ratio exceeds 1.5. When the CaO content is 6% and Fe/SiO2 is 1.2, the electrical conductivity decreases with the increase of MgO content as temperature is below 1290, but increases when temperature is above 1290. When the MgO content is 11% and the Fe/SiO2 ratio is 1.2, the electrical conductivity increases with the increase of CaO content. When the CaO content is 6% and MgO content is 11%, the electrical conductivity increases as the increase of Fe/SiO2 ratio, while its influence weakens as the temperature increases continuously. The electrical conductivity rises when temperature increases at any slag content. The melting temperatures of FenO-MgO-CaO-SiO2 semi- synthesis slags from this work were below 1290.

Jan 1, 2006

By Takeo Fujino, Nobuaki Sato, Yarong Wang, Kohta Yamada

"Ternary mixed sulfides of some transition metals MTS3 (M=Ba, ·Pb, T=Ti, Zr) were synthesized by a relatively low temperature process using sulfur melt. The mixture of starting materials, such as, metals and/or binary sulfides and a large excess of sulfur was reacted in a vacuum-sealed Pyrex or quartz ampoule at 350- 600 °C for one to three weeks. After the reaction, the remaining sulfur was completely removed by a process composed of filtration of sulfur melt and followed dissolution in CS2• The binary sulfides impurities coexisted in the products were removed by rinsing the products in water and acetone. By using the above method, BaTiS3, PbTiS3 and BaZrS3 'Were obtained in pure form. The effect of addition of halides on the yields of these ternary sulfides were also discussed.IntroductionThere have been a vast number of studies on the preparation and physical and /or chemical properties of mixed metal oxides. As is well known, some of such compounds exhibit excellent materials properties, causing them for use in mechanical, electronic, magnetic and chemical devices. Not a few mixed metal sulfides show similar physico-chemical properties to those of the corresponding mixed metal oxides. However, the study of the mixed sulfide crystals is rather sparse mainly due to difficulties in preparing these compounds. In various methods which have been adopted for preparing mixed sulfides, the simplest method would be the solid-solid reaction of the component binary sulfides or elements. However, there are always diffusional constraints with regard to the reactions in solid phases causing it necessary to heat the reactants at sufficiently high temperatures, viz. 800-1200°C. On the other hand, some mixed sulfides are unstable at high temperatures or to change their materials properties due to sulfur nonstoichiometry and structural modification depending on temperature, i.e., synthesis of such compounds needs to be made at lower temperatures. Processing in alkali halide melts is hopeful to overcome the above problems but to obtain the halide melts the temperatures above ~ 600 °C is needed. Low temperature reaction has been carried out for the preparation of Hg1.24TiS4, which was formed by the ·combination of TiS2 and molten Hg metal at 320°C[l]. Reaction of WS2 with LiBH4 melt at 350°C yielded LixWS2[2]. These sophisticated methods, however, can be applied only to the vary special cases."

Jan 1, 2000

By H. P. Wang, E. M. Perry

"Analytical solutions for investigating the solidification of casting problems with initial superheat and natural boundary conditions have been derived using an integral method. There are two moving interfaces in the solution field, one for the phase change line and the other for the superheat line. Two coupled nonlinear differential equations, representing two moving layers, were calculated by the Runge-Kutta numerical integration scheme. The solutions are in terms of six dimensionless parameters: phase change number, two Biot numbers for interfaces, diffusivity ratio, and dimensionless superheat temperature and time. Parametric studies on these parameters have been conducted to provide generic information about this phase change problem. This analytical information is extremely useful for validating numerical solutions. A simplified I-D finite element model was constructed for the purpose of comparison. The excellent agreement between the analytical and finite element solutions has proven that they are mutually validated.This validated finite element modeling tool was then used for modeling an investment casting process of a super-alloy with a simple geometry: a two-step plate. The nonlinear latent heat release, a common property of alloy materials, was approximated by several piecewise linear segments. The transient temperature response of this 2-D finite element solution, including a metal/mold gap resistance, shows excellent agreement with experimental data.This fundamental work provides a solid basis for further work on the development of a process modeling tool for the complex investment casting process.IntroductionAt present, the investment casting process is used in a variety of industries. In the aircraft engine industry, in particular, investment casting is used to produce parts ranging from turbine blades to engine frames. Because a large single casting can replace many component parts that require machining, fabrication, and assembly, this one-piece casting approach becomes a very cost-effective manufacturing process.The main constraint in using this process for mass production is the long design-to-production lead time. The standard rigging design is still an art, based on the experience of casting experts, rather than on scientific methods. Many trials are often required before making a sound final casting. In order to .reduce the number of expensive casting trials, the development of computer-aided tooling technology is needed.The fundamental physics describing this manufacturing process can be simply described. They reduce to a solid/liquid phase change problem, with two parts - first, the thermal balance of the initial superheat temperature of the molten metal and the preheat temperature of the ceramic shell through heat conduction, and second, the energy release from the mold surface to the ambient by radiation."

Jan 1, 1986

By Thomas Schemmel, Bertram Kesseiheim, Helge Jansen, Uwe Kreme

"During the last decades the refractory life time of the different aggregates of the secondary aluminium production was improved significantly. However, each repair and installation of refractory material affects the operating schedule and can cause costs in the million range. The downtime of just one melting furnace generate costs of 100.000 to 400.000 $ per day. Besides cooling down of the furnace and its repair, the heating-up procedure accounts for the longest time of the shutdown. Usually, heating-up of low cement or ultra low cement castables takes 120 to 150 hours. In order to reduce such expensive downtimes Refratechnik developed a unique and novel product series: Nanobond. These materials can be heated-up in only a third of the usual time. This paper talks about the theoretical aspects, as well as the mechanical and physical properties and especially practical experience of using Nanobond.Theoretical Aspects and Laboratory ResultsCement containing castables such as RCC, MCC, LCC or ULCC are considered standard in many refractory applications. Over the years a wide range of possible raw materials and practical installation methods were developed. However, all of these cement bonded refractory mixes possess one main important drawback. Such materials are characterized by the hydration of the cement bonding. As a result the physical bonded and the hydraulic water has to be removed in a relatively complicated drying procedure. The hydraulic water specifically demands a very careful and cautious heating up procedure. Most of the dreaded steam explosions can occur at a furnace temperature of approx. 250 oC. [1] To avoid such destructions, the heating-up of a new lined or repaired furnace can be very complex and slow. Depending on the furnace or the casted part a drying time of several days with long curing times are common."

Jan 1, 2012

By Grigore Matei

The thermodynamic properties of CU2S-FeS system are important not only in the case of copper smelting but also in the case of general pyro-mctallurgy, However there are not many reported activity data In this study, activities of FeS and CU2S in the CU2S-FeS system were calculated using the Darken's method from the activity data of the CU2S-FeS-Sb2SJ systems measured by the transportation method at 10S0°C. The activities of CU2S and FeS in the CU2S-FeS system showed negative deviation from the ideal behaviour and satisfied the relation of the Gibbs-Duhem equation,

Jan 1, 2003

By Jianxun Song, Hongmin Zhu, Qiuyu Wang, Jungang Hou, Shuqiang Jiao, Xiaobo Zhu

This work presents the results of a study on the Ti3+/Ti2+ couple redox potentials vs. Cl–/Cl2 at the temperature range (673 to 1073 K) in fused LiCl-KCl eutectic by direct potentiometric method. Initial concentrations of TiClx in solvents did not exceed 5.0 mol%. Basic thermodynamic properties of the reactions TiCl2+1/2Cl2(g)=TiCl3 were calculated using the temperature dependencies of apparent standard potentials of the couples E* Ti3+ /Ti2+.

Jan 1, 2014

By K. Fukushima, K. Baba, H. Kurokawa, M. Yamagiwa

"The Toyo smelter has expanded its anode production capacity from 126,500 to 239,000 t/year by introducing technical oxygen into blast air for flash and converter furnaces and improving smelting facilities. Significant efforts were made in the expansion not to increase the number of workers, which mean development of some automation systems for the copper converters and anode casting wheel. The efforts have resulted in the above-mentioned increase in productivity and a saving of production cost as well as a decrease in the number of workers for the anode casting operation.IntroductionThe Toyo smelter has been performing a highly stable and pollution free operation since its commencement in 1971 (1). Its distinctive features are the on-line control by process computer (2) and the high productivity without trouble. But owing to the so-called oil crisis in 1979, we were faced with a sharp increase in production cost. To decrease the production cost, some measures for saving of energy were planned and carried out, such as conversion from oil to coal in a flash furnace (3), the heat recovery from converter slag and the introduction of technical oxygen in blast air with the intention of energy saving as much as possible.The first increase in production capacity and some savings of production cost were attained in 1982 by the introduction of technical oxygen in blast air for the flash furnace without major modification of the furnace as shown in Table I. The capacity of an oxygen plant is 7,800 Nm3/H as 90% O2 . Part of oxygen from the plant is also supplied to tuyeres of copper converters through an oxygen holding tank with a volume of 830 m3 at 7 kg/cm2-G."

Jan 1, 1989

By A. V. Tarasov

In order to improve technical, economic and environmental performance of hydrometallurgical processing of intermediate products containing copper and nickel, the Gintsvetmet Institute and the IMET Institute of the Russian Academy of Sciences have conducted studies into the efficiency of the use of alternating current of industrial frequency on processes applied for hydrochemical leaching of various copper- and nickel-containing materials. It has been found that: 1.Imposition of alternating current over the process of leaching of softly reduced nickel oxide with recycled copper sulfate solutions resulted in an increase by 20 to 30% of the rate of the copper cementation process and reduced by 20% its activation energy. At the same time, the recoveries of nickel, cobalt and iron to the leach solution increased up to 82.2%, 78.5% and 57.1%, respectively, and that of copper to the cement precipitate up to 74%. Optimal process conditions have been identified with respect to the current density, electrode material, copper concentration in solutions and the process temperature. 2.In the process of hydroelectrochemical sulfuric acid leaching of nickel and copper sulfides, the grain size, the phase form of sulfides, the solution composition (H2SO4, Cl?, Cu2+, Fe3+)and the current amperage had an effect on the nickel recovery to the solution, which reached 90%, while the degree of copper transfer to solution did not exceed 20%. The process of hydroelectrochemical sulfuric acid leaching of nickel and copper sulfides with an addition of Cl? made it possible to selectively recover nickel into the leach solution along with concentrating copper in the leach residue. 3.When subjecting samples of commercial-grade magnetic fractions of converter matte to sulfuric acid leaching, the imposition of electric current, the concentrations of sulfuric acid and chloride ion in the solution and the duration of the reaction process had an effect on the process. The nickel recovery was 85% and that of cobalt and iron was 95% and the recoveries reached 97.5%, 98.3% and 99.8% as a result of repeated treatment of the primary residue under similar process conditions. Up to 75% of copper, 75% of sulfur and 99.0-99.5% of palladium was concentrated in the solid reach residues. The experimental data obtained indicates that the use of AC for hydroelectrochemical sulfuric acid leaching for separation of copper- and nickel-containing intermediate products has favorable prospects.

Jan 1, 2003