Detailed Economic Evaluation For Fengcheng Oil-Sands Deposit In Junggar Basin Xin Jiang

Detailed economic evaluation for ore deposits is, based ongeological appraisal according to the technical and economic conditions, a kind of economy profit estimation for a certain indicated ore deposit which is going to be mined for industry development.This kind of technical and economic evaluation for ore deposits is of significance to geological survey and mine designing as well as development. This paper aims to find out an optimized schedule for Fengcheng Oil-sands Mine through detailed technical and economic evaluation for ore deposit. we analysis the geological characteristics of the Fengcheng Oil-sands, based on deposits in which the characteristics of detailed exploration stage to determine the reserves of the calculation method and parameters ,we calculated by a different section and different mining ore reserves and compared to state-owned assets with the approval of the Reserve reserves verify, in order to provide the basis for accurate economic evaluation. Beginning from introducing the location and local economical conditions of Fengcheng Oil-sands, this article analysis the geological features and then specifys major indexes such as grade and reserve as well as market situation of oil nowadays, and Combination of washing process designing the development program. Cash Flow and Inner Return Rate are adopted in this paper to calculate important indexes such as investment interest rate, investment return period, net present value and inner return rate, and to analysis and comparison by the Fengcheng oil-sands that the development of oil sands is economi??y feasible, and as oil prices rise, there will be more economic benefits. Considering the risk-resist ability of these schedules they may encounter, sensitive analysis is carried out to estimate those indexes and it is indicated that every index is within the controllable limits.Finally, this paper indicates that Fengcheng Oil-sands will be very profitable in employing water scrubbing due to its convenient location and transportation conditions plus the favorable metallogenic setting.