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By M. J. Nicol

An electrochemical investigation of the dissolution of copper, nickel, and copper-nickel alloys in ammonium carbonate solutions by M. J. NICOL, Ph.D., B.Sc. (Hons.) (Wits.) (Visitor) The dissolution of copper and nickel in ammonium carbonate solution was studied by techniques involving electrohemical anodic dissolution and ring-disc electrodes. The rate of oxidation of both copper and nickel by copper (11) was shown to be controlled mainly by diffusion to the surface. Variations in rate with changes in copper (11) concentration, agitation, pH, ammonia concentration, temperature, and copper (I) concentration were investigated and rationalized in terms of their effects on the electrochemical half-reactions involved. Evidence was found for the passivation of nickel and nickel-copper alloys of more than 50 per cent nickel.

Jan 6, 1975

By D. A. Holtum

On Tuesday, 10th November, 1987, The South African Institute of Mining and Metallurgy held a colloquium attended by some 120 delegates on 'On-Stream Analysis' at Mintek, Randburg. Mr John Moore, Consulting Metallurgist of Anglo American Corporation of South Africa Ltd, introduced Mr Gene Fivaz, the President- Elect of the SAIMM, who read an address by Mr B.C. Alberts, the current President. Mr Alberts was unable to attend the Colloquium owing to urgent business overseas. Opening The opening address emphasized the important role of minerals in the South African economy. In particular, it was noted that 20 per cent of the work force were employed in the minerals industry or associated industries. In recent years, production costs had risen as a result of inflation, and sanctions had had some effect on the exportation of minerals. Thus, there was continuing pressure on the industry to improve recoveries and increase efficiency.

Jan 1, 1988

By R. M. Lamya

A semi-empirical kinetic model was developed for the atmospheric leaching of a Ni-Cu matte in copper sulphate-sulphuric acid solution. Kinetics of the leaching process was studied as a function of initial copper ion concentration, initial acid concentration, temperature, stirring rate and particle size distribution. The kinetic model was developed on the basis of the leaching mechanism and chemical reactions of the leaching system investigated, and was evaluated by comparing the model predictions to experimental data. The model was found to satisfactorily fit the trends in the leaching of the metals, namely copper, nickel, cobalt and iron.

Jan 1, 2009

By Monica M. Cole

The Empress nickel/copper deposit west of Gatooma in Rhodesia occurs within gabbro and amphibolite, disposed at the contact of a granodiorite stock (Barebottom Hill) and the surrounding greenstones of the Archaen Bulawayan System. The orebody has a pipelike form and a poor surface expression due to plantation of the area by Miocene (Africa) and later Victoria Falls erosion cycles. Barebottom Hill represents a monadnock remnant in the geomorphological surfaces while traces of the once larger Empress orebody have been removed. Limitations in soil geochemistry necessitated both studies of the vegetation ecology and the biogeochemistry of the area, both of which were anomalous. The use of geobotany was found to be restricted but biogeochemistry offers a most effective prospecting tool and was found to define the sub-outcrop of the ore-body more precisely than soil geochemistry since these methods reflect and differentiate anomalies emanating from bedrock mineralisation and those due to surface phenomena.

By S. Maluadzi, D. Rocchi, S. Luyckx, S. S. Potgieter-Vermaak, C. Machio, J. H. Potgieter

The aim of this work was to compare the corrosion behaviour of thermal spray WC ? based coatings before and after annealing. X-ray diffraction (XRD) was used to determine the phases present in the coatings at various stages. The corrosion resistance of the coatings was measured using electrochemical and immersion corrosion tests. The results obtained from electrochemical corrosion (quantified by corrosion current density) and immersion corrosion tests showed that annealing appears to decrease the corrosion resistance of the coatings. From the XRD results it was determined that the phases that corroded preferentially were cobalt (Co), eta (Co6W6C) and W2C. Keywords: Corrosion, thermal spray, coatings, hardmetals.

Jan 1, 2006

By M. J. U. T. Van Wijngaarden, R. J. Dippenaar

An electrochemical technique based on the solid oxide galvanic cel Mo / Mo + MoO2/ ZrO2-MgO / Fe + (FexO)slag + Ag / Fe was used in a determination of FexO activities in liquid slag systems. The emf measurements, scanning electron microscopy, and microprobe analysis of the cross-sections of the electrolyte tubes used in direct contact with the slag melts indicated that slag attack did not affect the open-circuit emf values during normal cell operation, The reliability of the cell was confirmed by the good agreement between the standard free energy of formation of liquid Fep obtained in the present study and those reported in the literature, The FexO activities were determined in FexO -CaO and FexO-SiO2 slags at 1673 K, and are in good agreement with those measured by the conventional gas-equilibrium technique. The experimental technique was successfully extended to the measurement of Fe2O activities in the complex slags that are used for the external desilliconization of the hot metal product of the blast furnace.

Jan 1, 1986

By Y. Mitani, M. Zhang, M. Takeda, T. Esaki

Despite their inadequacy, assumptions of isotropy and homogeneity are often applied to the analyses of in situ permeability tests. In this paper, we exam the effects of anisotropy and heterogeneity on Pressure Pulse Test (PPT) and Constant Head Injection Test (CHIT) by means of numerical approaches. Some new findings that offer practical considerations in properly interpreting in-situ permeability tests are presented. Malgré leur manque de précision inhérente, les assomptions d'anisotropie et d'hétérogénéité sont souvent utilisées lors de test de perméabilité in situ. Dans cette étude, nous examinons les effets de l'anisotropie et de l'hétérogénéité sur le test par pression pulsée et le test à injection à charge hydraulique constante par le biais de la simulation numérique. Des nouveaux résultats permettant une interprétation pratique et claire des test de perméabilité in-situ sont présentés. Trotz ihrer inhärenten Ungeeignetheit werden häufig Annahmen über Isotropie und Homogenität auf Analysen von in-situ Permeabilitätstests angewendet. In diesem Papier untersuchen wir die Effekte von Anisotropie und Heterogenität auf Durck-Impuls-Test (PPT) und Konstant-Kopf-Einspritztest (CHIT) mit numerischen Ansätzen. Einige neue Befunde, die zu praktischen Erwägungen zur richtigen Interpretation von in-situ Permeabilitätstests führen, werden vorgestellt.

Jan 1, 2003

Council and Standing Committees, 1977-1978 President: P. A. von Wielligh. Vice-Presidents: Dr M. G. Atmore and D. A. Viljoen. Honorary Treasurer: J. K. E. Douglas. Immediate Past President, Dr M. D. G. Salamon. Members of Council: J. D. Austin, A. N. Brown, A. A. Hazell, Dr P. R. Jochens, Prof. R. P. King, Dr D. G. Krige, Prof. F. Q. P. Leiding, D. G. Malan, J. C. Mostert, H. G. M. Rose, W. T. Ruhmer, A. A. Sealey, R. A. von Maltitz. Chairman, Witbank-Middelburg Branch: T. S. Wilmot. Chairman, Orange Free State-Klerksdorp Branch: A. N. Shand. Past Presidents Serving on Council: R. J. Adamson, H. Britten, J. K. E. Douglas, Prof. D. D. Howat, Dr J. P. Hugo, D. G. Maxwell, Prof. R. P. Plowman, Dr R. E. Robinson, P. W. J. van Rensburg. Standing Committee Chairmen: Membership, D. A. Vil¬joen; Technical Programme - Metallurgy, Dr P. R. Jochens ; Technical Programme - Mining, Dr D. K. Krige ; Vacation School - Metallurgy, Prof. R. P. King ; Vacation School - Mining, Dr M. D. G. Salamon; Awards, Dr M. D. G. Salamon; Excursions, Dr M. G. Atmore; Adjudication, Dr M. D. G. Salamon; Consti¬tution, Rules, and Policy, Dr M. D. G. Salamon; Mines and Works, P. A. von Wielligh ; Education, Dr M. D. G. Salamon; Monograph Series, Dr R. E. Robinson; Phoenix National Committee, Dr R. E. Robinson ; Pyrometallurgical Discussion Group Convenor, Dr J. B. See/Dr D. I. Ossin.

Jan 1, 1979

Council and Standing Committees, 1978-1979 President: Dr M. G. Atmore. Vice-Presidents: D. A. Viljoen and Dr P. R. Jochens. Honorary Treasurer: J. K. E. Douglas. Immediate Past President: P. A. von Wielligh. Members of Council: J. D. Austin, A. N. Brown, H. E. James, Prof. R. P. King, Dr D. G. Krige, Prof. F. Q. P. Leiding, D. G. Malan, C. S. McPhail, J. C. Mostert, G. Y. Nisbet, H. G. M. Rose, W. T. Ruhmer, G. C. Thompson, R. A. von Maltitz. Chairman, Witbank-Middelburg Branch: T. S. Wilmot. Chairman, Orange Free State-Klerksdorp Branch: H. M. W. Eschenburg. Past Presidents Serving on Council: R. J. Adamson, H. Britten, J. K. E. Douglas, Prof. D. D. Howat, Dr J. P. Hugo, D. G. Maxwell, Prof. R. P. Plewman, Dr R. E. Robinson, Dr M. D. G. Salamon, P. W. J. van Rensburg. Standing Committee Chairmen: Membership, Dr P. R. Jochens ; Technical Programme - Metallurgy, Prof. R. P. King ; Technical Programme - Mining, H. G. M. Rose; Vacation School - Metallurgy, J. C. Mostert; Vacation School - Mining, D. G. Malan/J. D. Austin; Awards, P. A. von Wielligh; Excursions, D. A. Viljoen; Adjudication, P. A. von Wielligh; Constitution, Rules and Policy, P. A. von Wielligh; Monograph Series, Dr R. E. Robinson; Professional and Technician Train¬ing Committee, Dr M. D. G. Salamon; Career Guidance, D. G. Malan; Phoenix National Committee, Dr R. E. Robinson; 1982 World Congress, Dr M. G. Atmore; Witbank Coal Colloquium, Dr P. R. Jochens; Mines and Works, P. A. von Wielligh.

Jan 1, 1979

1. New Publications Tin and its uses no. 140. Greenford (England), International Tin Research Institute, 1984. Catalogue. English translations of German standards 1984. Berlin, Beuth Verlag GmbH, 1984. Mining and mineral processing operations in Canada 1983. Ottawa, Canadian Government Publishing Centre, 1984. $6.00. Canadian mineral deposits not being mined in 1983. Ottawa, Canadian Government Publishing Centre, 1984. $6.00. 2. Mintek Publications Report M42D The recovery of tantalite and cassiterite from a bulk sample of pegmatite supplied by Falconbridge Explorations Limited. (First issued 1982.) Report M46D Tests on the nature and reduction of the chlorine in fluorspar concentrate from the western Transvaal. (First issued 1982.) Report M58D An electrochemical process for the recycling of tungsten carbide scrap. (First issued 1982.) Report M59D Testwork on samples of oxidized ore from the Potgietersrus Prospect. (First issued 1982.) Report M60D The production of electrolytic manganese dioxide from furnace sludge. (First issued 1983.) Report M64D Isotope-source neutron-activation analysis for the determination of manganese in bulk samples. (First issued 1982.) Report M128 The determination of cyanide in hydrometallurgical process solutions and effluents by ion chromatography. Report M132 Mineralogical parameters influencing the acid-bacterial leachability of low-grade nickel ores. Report Ml34 The NIMROC reference materials: revised values for thorium, yttrium, lanthanum, and the rare-earth elements. ReportM140 The effect of physical and chemical factors on the corrosivity of a synthetic mine water. Report Ml44 The development of standard procedures for the evaluation of magnetite for use in heavy-medium separation. Report M145 A preliminary study of the mineralogy of the nickel occurrence at Mabilikwe Hill, northern Transvaal.

Jan 1, 1984

"Chairman: Dr R. E. ROBINSON Rapporteur: Dr R. P. COLBORNPapers:The simulation of crushing plants by W. J. WhitenSimulation of multi-component flotation plants by B. K. Loveday and G. R. MarchantComputer control of flotation at the Ecstall concentrator by M. P. Amsden C. Chapman and M. G. ReadingModel for the design and control of flotation plants by R. P. KingIn presenting his paper Dr W. J. Whiten outlined the basic concepts on which the control model was based and emphasized the fact that empirical models based as much as possible on theory were used to simulate each unit of the crushing plant. The final parameters of each model were computed using data collected from the plant. Unfortunately, the system did not permit accurate extrapolation but was successful when operating in the region from which the parameters were calculated.He concluded from the results of the test work that the crusher amperage was a critical parameter and that the utilization of the model gave a 15 per cent increase in the plant output. This was because the model predicted that a marginally fine grind would provide a significant increase in throughput. Dr Whiten elaborated on what constituted the multiple spline regression, explaining that it was a least-squares curve-fitting technique in one or more dimensions, where the calculation of coefficients in analytic expressions was replaced by the calculation of typical points on a very smooth curve called a spline function. The emphasis was placed on the shape and value of the curve or curves instead of on the coefficients as in analytic regression. A spline function was the line drawn between all points constituting the data set.Dr B. K. Loveday commented that the simulation was unusual in that the optimum throughput was considered to be the maximum throughput, which, surely, was limited by the crusher size. He also emphasized the importance of the interaction between both crushing and grinding circuits and added that in practice the optimum operating conditions were inter-dependent. Dr Whiten replied that in the case of the plant under consideration, the crushing process was not, in fact, the limiting operation.Mr C. E. Clifford indicated that the model was being used to simulate a number of crushing and grinding circuits at Mount Isa Mines. He reported that the model simulated the circuit satisfactorily for primary and secondary gap settings of 0,625 in. to 0,375 in., but that adjustment had to be made to the model parameters for gap settings of 0,250 in. to 0,125 in.In reply to a question from Dr D. M. Hawkins, Dr Whiten said that he preferred to use low-order splines with smaller segments rather than high-order spline functions with large segments."

Jan 1, 2014

1. Book reviews Underwater tools, by Donald J. Hackman and Don W. Candy. Columbus (D.S.A.), Battelle Press, 1981. 152 pp. $32,95. Reviewer: B. Schmitz Uranium exploration case histories. Proceedings of Advisory Group Meeting Vienna, IAEA, 1981. Price: Austrian schillings 630. Reviewer: E. C. Kostlin Jet cutting technology, a review and bibliography, edited by Robin Brown. Published by BHRA Fluid Engineering, Cranfield, Bedford MK430AJ, England. Reviewer: D. O'Beirne 2. New Books Proceedings, Twelfth Congress of the Council of Mining and Metallurgical Institutions, by H. W. Glen (editor.) Johannesburg, The South African Institute of Mining and Metallurgy, 1982. 2 vols., 1060 pp. R78,85 (air-mail RI53,85). Amborite. Johannesburg, De Beers Industrial Diamond Division (P.O. Box 916), 1982. 6 pp. Free of charge. 3. New Journal BHRA Fluid Engineering has announced its new journal World Ports and Harbour Abstracts and the associated newsletter World Ports and Harbour News, which are issued from January 1983. The Abstracts is published bi-monthly and costs £60 in the V.K. and E.E.C., and £72 elsewhere. 4. Mintek reports Report 2134D On-line analysis, by X-ray diffraction, of fluorsparcontaining slurries. (First published 30th Sep., 1981.) Report 2135D A preliminary on-line analysis, by X-ray diffraction, of pyrite-containing slurries. (First published 30th Sep., 1981.) Report M28 The measurement of flow velocity distribution in fluids. Report M34 The determination, by atomic-absorption spectrophotometryusing electrothermal atomization, of platinum,palladium, rhodium, ruthenium, and iridium. Report M45 Two computer programmes for the calculation of massand heat balances in the production of high-carbon ferromanganese. Report M50 The development of an on-line gold analyser. Report M54 Major amounts of mercury in native gold from upper Witwatersrand sediments. Report M55 A new robust method for the treatment of analytical data. Report M57 The hydrometallurgical treatment of liquors generated by the leaching of a low-grade matte. Awards for inventions For inventing devices of exceptional value to the mining industry, two mining men were presented with awards in Johannesburg on 25th November, 1982, under the Chamber of Mines' Ideas and Suggestions Scheme. Mr W. W. Malan, President of the Chamber of Mines, made the presentations.

Jan 1, 1983

By G. T. G. Emère

The Harmony Gold Mining Company Limited employs approximately 29 500 people, including 27000 Black workers recruited from areas both within and beyond the boundaries of the Republic of South Africa. The problems arising from the control of this diverse and complex labour force have led to the need for a fully computerized labour control system. This paper describes how, with the aid of an extensive interrelated network of satellite minicomputers, together with ancillary peripheral user terminals and printers, the management of Harmony Gold Mine intends to meet these problems.

Jan 1, 1983

By Gernot Beer, Christian Dünser, Marcos Noronha

The main findings of the joint research initiative “Numerical Simulation in Tunnelling” and a follow-on project on efficient numerical simulation models for tunnelling are presented. Die wichtigsten Resultate des Forschungsschwerpunkts „Numerische Simulation im Tunnelbau“ und einem Folgeprojekt über effiziente numerische Simulationsmethoden werden präsentiert Les résultats les plus importants du point principal de la recherche "simulation numérique dans la construction de tunnels" et un projet consécutif sur des méthodes de simulation numériques efficaces sont présentés

Jan 1, 2003

By B. J. Pieters

The paper describes the difficulties experienced with inferior coking coals as Iscor began using larger blast furnaces for the production of liquid iron. Research conducted at Iscor from 1977 to 1979 showed that benefits could be gained from the use of partially briqueted charges, and it was decided to install briqueting plants at the Vanderbijlpark and Newcastle Works. Details are given of the later plant, which was supplied by a consortium consisting of Voest Alpine, Didier Engineering, and Sumitomo Metal Industries. Sumitomo also supplied information on the optimization of coke quality along the lines of their Sumicoal System. The results have been a marked improvement in coke quality, much better blast-furnace operation, and increased productivity.

Jan 1, 1991

By T. Aoki, Y. Maeno, R. Kawano, F. Nakahara, Y. Obara, K. Shibata

The mechanical behaviors of fully-grouted long-embedded cablebolts actually used in situ are very non-linear in pull tests and are different from those of short-embedded cablebolts. We have conducted the pull tests of long-embedded cablebolts installed in mockup rock test blocks, which are 4m in the longitudinal length. In order to investigate the mechanical behaviors inside the test block, the axial load distribution along the cablebolt and locations of acoustic emission events were measured during each pull test. It was found that the axial force distributions were quite linear and that the gradients were interpreted as the grout bond strength by taking into consideration the stress balance at the infinitesimal segment of a cablebolt. Les boulons-câbles longs entièrement cimentés qui sont réellement utilisés sur place présentent, au cours des essais de traction, des comportements mécaniques considérablement non linéaires et différents de ceux des boulons-câbles courts. Nous avons mené des essais de traction des boulons-câbles longs installés dans une maquette de fond rocheux servant d’éprouvette d’une longueur longitudinale de 4 m. Afin d’étudier les comportements mécaniques intérieurs de l’éprouvette, la répartition de la force axiale du boulon-câble et l’émission acoustique ont été mesurées durant chaque essai de traction. Il s’est avéré que les répartitions de la force axiale sont sensiblement linéaires et que leurs gradients représentent la résistance d’adhésion en prenant en compte l’équilibre de contraintes à la partie infinitésimale d’un boulon-câble. Das mechanische Verhalten von ganz eingegossenen, lang eingebetteten Kabelbolzen, die vor Ort eingesetzt werden, ist bei Zugprüfungen sehr nichtlinear und anders als das von kurz eingebetteten Kabelbolzen. Es wurden Zugprüfungen mit lang eingebetteten Kabelbolzen durchgeführt, die in Prüfblöcken (Gesteinsattrappen) mit 4 m Länge eingelassen waren. Zur Untersuchung des mechanischen Verhaltens in den Prüfblöcken wurden die Axiallastverteilung entlang des Kabelbolzens sowie das Auftreten von Schallemission im Verlauf jeder Zugprüfung gemessen. Es ergab sich, dass die axiale Kraftverteilung recht linear ist, und die Gradienten wurden unter Berücksichtigung des Kräftegleichgewichts am infinitesimal kleinen Punkt eines Kabelbolzens als Haftfestigkeit interpretiert.

Jan 1, 2003

1. Mining directory The mining directory, 1990. Mines and mining equipment companies worldwide. Don Nelson Publications Limited (P.O. Box 193, Barnet, Herts EN4 BLP, England).2. Mintek reports The following reports are available from Mintek, Private Bag X3015, Randburg, 2125 South Africa. They are available at R25 (plus R3,25 GST) per copy to South African addressees, and US$25 per copy (including airmail postage) to addressees elsewhere. There is also an annual-subscription scheme for reports - R400 locally (plus R52 GST) and US$400 (including airmail postage) abroad. The subscription covers al the unrestricted reports published between 1st April and 31st March of successive years, which usualy amount to between 20 and 30. Report M392 Computer programs for optimization by the modified simplex method, by G.L. Moore. Sep. 1989. 25 pp. R25 + R3,25 GST in South Africa; US $25 elsewhere. Report M393 The preparation and certification of fourteen South African silicate rocks for use as reference materials, by E.J. Ring. Sep. 1989.21 pp. R25 + R3,25 GST in South Africa; US $25 elsewhere. Report M395 The separation of trace elements in high-purity rhodium and iridium materials, by R.V.D. Robet and S.M. Graham. Nov. 1989. 10 pp. R25 + R3,25 GST in South Africa; US $25 elsewhere. 3. Publications from Trans Tech The publications listed in this section are available at the prices given from Trans Tech Publications, P .0. Box 1254, D-3392 Clausthal-Zelerfeld, West Germany. Handling of bulk solids. Theory and practice, by P.A. Shamlou. 1988. 200 pp., US$ 59.50. Acoustic emission lmicroseismic activity in geologic structures and materials, by H.R. Hardy and F.W'. Leighton. Vol. I: 1977, 490 pp., US$45.00. Vol. 11: 1980, 500 pp., US$45.00. Vol. Il: 1983, 680pp., US$6O.00. Vol. IV: 1989, 720pp., US$ 75.00. Open pit mine design models. An introduction with FORTRANI77 programs, by E. Alaphia Wright. Early 1990, approx. 200pp., US$75.00. Bucket wheel excavator, by W. Durst and W. Vogt. 988, 450pp., US$118.00. Continuois-surjace mining, by T.S. Golosinski and F.G. Boehm (eds.). 1987, 720pp., US$128.00. Mining-science and technology. 1987, 1430pages, US$ 118.00. Practical handbook for underground rock mechanics, by T.R. Stacey and C.H. Page. 1986, 150pp., US$ 38.00. Professional users handbook for rock bolting, by B. Stilborg. 1986, 150pp., US$38.00. The lighting of underground mines, by D.A. Troter. 1982, 220pp., US$48.00. Elements of hydraulic coal mine design, by M.L. Jeremic. 1982, 16Opp., US$38.00. Continuum theory of rock mechanics, by Cs. Assonyi and R. Richter. 1979, 365 pp., US$ 58.00. Shear and bond in reinforced concrete, by G. Florin.1980, 86 pp., US$ 24.00. Theory and design of surface structures: slabs and plates, by G. Florin. 1980, 222 pp., US$ 24.00. Mineral processing laboratory manual, by A.-Z. Abouzeid. January 1990, approx. 200pp., US$48.00. Weighing and proportioning of bulk solids, by Hendrik Colijn. 2nd ed. 1983, 4OOpp., US$60.00. Solid-liquid flow. Slurry pipeline transportation, E.J. Wasp et al. 1977, 240pp. US$ 58.00. Optimum pipe size selection, by C.B. Nolte. 1978, 304 pp., US$ 60.00.Field instrumentation in geotechnical engineering, T.H. Hanna. 1985, 854pp., US$98.00. The 1990 yearbook and directory. Powder and bulk solids handling and processing. 1989/90, approx. 300 pp., US$ 124.00.

Jan 1, 1990

By G. Pienaar

The South African Institute of Mining and Metallurgy held a Colloquium on High-strength Low-alloy Steels on 27th October, 1983, at the Vaal Triangle Technikon, Vanderbijlpark. The Colloquium was attended by some 170 delegates.

Jan 1, 1984

By A. Nicotra, E. H. Roux, J. H. du Plooy, D. H. de Jagger, P. De Waal, G. J. van der Linde

This paper reviews the geology, history, current beneficiation practices, uses, marketing, and future outlook of phosphate in South Africa. The vastness of the reserves, and the industry's efficiency and competitiveness in world terms, are highlighted.

Jan 1, 1989

By C. J. Van Niekerk, C. C. Begley

SYNOPSIS The paper opens with brief descriptions of the history, occurrence, and regional geology of South Afri¬can zinc deposits, and follows with descriptions of the resources, mining methods, and processes for the concentration of the sulphide minerals and the extraction of zinc as practised in South Africa. The end uses in the form of alloys or as salts are given in some detail. Statistics on the production and consumption of zinc in South Africa are given, and the current market situation and future prospects are discussed briefly.

Jan 1, 1991