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The Closure Risk model was developed as a new tool to aid decision makers in the complex area of mine closure. It uses a simple analytical technique that allows the decision maker to simplify what is often a complex mine closure process into more easily managed sub components. This systematic approach ensures that critical factors in the closure process are not overlooked. It also allows the most important issues to be highlighted. The model can also be used to produce quantitative estimates of risk by weighting and prioritising the issues to produce the Closure Risk Factor (CRF). Field trials at several mine sites in the Northern Territory of Australia in 2001 tested the model. The trials confirmed that the model has significant potential as a tool for decision-makers to assess in a structured, systematic manner, the major closure risks at individual mine sites. The risks include not only environmental impacts but safety and health, community, legal, financial, technical and other issues. The trials confirmed the value of a team-based approach and the inputs of key staff including environmental, production, mine planning, and community liaison personnel as well as mine management. Although the usefulness of the qualitative component of the model was established, it was found that, due to the influence of subjectivity, the utility of the prototype model to determine quantitative risk was of limited value. Using a continuous improvement approach, improvements to the model were sought. A refined model, incorporating the Australian Standard 4360 definition of risk and facilitated in-house risk assessment sessions was developed and tested against the data obtained in the field trial. This model, while maintaining the qualitative strengths of the original, allows more accurate absolute and relative quantitative scores to be calculated. This in turn facilitates comparisons between the issues at a single site as well as between different mines.

Jan 1, 2003

By Atsushi Shibayama, Toyohisa Fujita, Wan-Tai Yen, Ke-jun Liu

"A gold has been leached with ammonium thiosulfate solution and several leaching conditions have been studied. The leached solution has been recovered by solvent extraction and the optimum conditions have been investigated.SUMMARYIn this investigation, a sponge gold sample (99.92% pure) has been leached with ammonium thiosulfate solution. The effects of CuSO4, (NH4)2S2O3, (NH4)2SO4, NH4OH and retention time on the gold leaching % (extraction %) and thiosulfate oxidation % (consumption %) have been studied. The copper ion acts as a catalyst in gold dissolution. On the other hand, it also accelerates oxidation of thiosulfate (consumption). It was found in this study that the best gold extraction condition was obtained at 43.2 ks with 0.8 – 1.0x103 mol/m3 (NH4)2S2O3, 30 mol/m3 CuSO4, 2.0 – 3.0x103 mol/m3 NH4OH, 0.4 – 0.5x103 mol/m3 (NH4)2SO4, pH 10±0.2 and 150 rpm. The thiosulfate oxidation was about 15% of the initial concentration."

Jan 1, 2003

By George H. Hope, Steve Ciccone

"The Red Dog Mine is both the largest known zinc reserve and the largest zinc producer in the world. The mine started in 1989, and by 1999 had increased production from approximately 300,000 tonnes per year (t/yr) of zinc concentrate to in excess of 900,000 t/yr. The VIP Mill Optimization Project further increased zinc concentrate production to 1.1M t/yr while improving both product quality and zinc recovery. The Mill Optimization project also addressed a number of issues related to risk reduction: power generation capacity, water treatment capacity and concentrate thickening. The project was faced with numerous challenges, the most daunting of which was the schedule. This US$105M project was executed, from conception to completion, inside of two years. Less than nine months elapsed from concept to delivery of materials and equipment to site. The project also faced a 100-day ice-free shipping window, the challenges of construction in an Arctic environment, and an extremely tight labour market for qualified craft personnel. These challenges were successfully addressed with several innovative approaches to project execution, including an Alliance contracting arrangement between the owner, engineer and contractor; full integration of the team; construction of modules in Anchorage; and fast-track engineering, procurement and construction.INTRODUCTIONThe Red Dog Mine, which began operations in 1989, is located above the Arctic Circle in Northwest Alaska, approximately 145 km north of Kotzebue (Figure 1). An 80-km road connects the mine site to the DeLong Mountain Transportation System (DMTS) port site. Red Dog is the largest known zinc deposit in the world, with known reserves totalling 94.5M tonnes, and is the largest zinc producer with a concentrate production rate of more than 1.1M t/yr.Open-pit mining is by typical drill, blast and load operation using moderately sized mining equipment. Ore is processed through conventional crushing, grinding, and flotation to produce separate lead and zinc concentrates. Filtered zinc and lead concentrates are trucked year-round to the DMTS port site, where they are stored in two A-frame buildings, 330 and 440 m long. A lightering barge system is used to transfer concentrate from the shallow water load-out to deep-sea vessels anchored approximately two miles offshore. Shipping is limited to a 100-day, ice-free window beginning in early July."

Jan 1, 2003

By C Ferron, R Massimi

There is approximately 240 000 tonnes of arsenic trioxide dust stored in underground chambers at the Giant Mine in Yellowknife, Northwest Territories, Canada. To minimise the amount of arsenic released to the environment, a number of closure alternatives are being considered. One alternative is to mine the dust, encapsulate it and dispose the mixture into a secured landfill. The potential leaching behaviour of the encapsulated dust was examined in a laboratory programme. Cylinders of arsenic trioxide dust mixed with cement/aggregate and bitumen were prepared. The dust content varied between zero per cent and 60 per cent of dry weight charge. The cement cylinders were tested for strength, leaching and freeze/thaw durability. The bitumen cylinders were tested for leaching only. The results show that increasing dust content in the cement cylinders negatively impacts the strength and the freeze/thaw durability of the samples. A contributing factor is likely the high water to cement ratio in the samples. Leaching tests show that arsenic release from cement cylinders increase with increasing dust content. Arsenic concentrations in leachates do reach a plateau at a certain point in time. Arsenic release from bitumen cylinders was significantly lower compared to cement cylinders. Arsenic concentrations eventually were less than 0.05 mg/L in samples containing up to 25 per cent arsenic trioxide dust. Arsenic leaching rates were found to decrease by an order of magnitude over the course of three months.

Jan 1, 2003

By J. S. Phipps, D. R. Skuse

"Aqueous slurries of fine particle size calcium carbonate are used in a diverse range of end-use products. In many cases, the end-use performance is governed by the fineness of the particle size distribution. In turn, the maximum fineness of the particle size distribution is primarily determined by the efficiency of the dispersants used during the production process. Here, we report the sodium polyacrylate mediated dispersion of calcite and kaolin. Firstly, we report a colloid chemical description of the dispersant behaviour and attribute the stabilization to both steric and electrostatic mechanisms. Secondly, we describe how the understanding developed in the first part of the study can be utilized to produce more effective dispersant systems which allow the preparation of added value, higher solids and finer particle size calcium carbonate slurry products. IntroductionConcentrated aqueous dispersions of fine particulate kaolin and calcium carbonate are used extensively in the coating of paper. Currently, more than 10 Mt of such dispersions are used annually in North America and Europe alone, and worldwide consumption is growing at around 3% per year.Generally, paper is coated to enhance its visual appearance. Firstly, coatings improve the optical properties of the blank sheet, i.e., its brightness (or whiteness), opacity and gloss. Secondly, they improve the physical properties of the sheet that will influence the quality of the final printed image, such as surface smoothness, porosity, and ink absorption. In order to achieve these aims economically, paper coatings must be applied at high speeds and with minimal drying costs.Kaolin and calcium carbonate pigments are the major components of most paper coating formulations. Particle size distributions are chosen to maximize the optical benefits that they confer, and to allow the production of formulations that can be easily pumped, handled and coated. Coating pigments are generally produced and transported as slurries, and so it is important to obtain dispersions with the highest possible solids content, both to minimize drying costs and the quantity of water transported. This paper examines the dispersant technology that is currently used in the industry and the mechanisms by which it functions, and illustrates ways in which this technology has developed and could be further improved in the future."

Jan 1, 2003

By George Hope, Brigitte Lacouture

"The Red Dog mine has increased mill throughput most years since start-up. Although flotation equipment has been added over the last 10 years, the Red Dog metallurgical performance has been restricted by a lack of adequate flotation capacity. Two reduced tonnage trials conducted in 1997 as well as numerous SAG relines have consistently indicated the potential to significantly increase both zinc concentrate recovery and grade with additional flotation capacity. Later in 1999, a new circuit was designed with increased flotation capacity while simplifying the current circuit, providing for three stages of dilution cleaning, and creating a retreat section. The purpose of the retreat section is to target the more complex particles and allow the chemical environment to be fine tuned for improved iron depression. In total, 21 Outokumpu OK50 (50 m3) mechanical flotation cells and four 3.66 mØ column cells were added to the current flotation circuit. The VIP (value improvement program) mill optimization project is also addressing thickening, water treatment, and power generation issues and has a total budget of US$105 M. Start-up of equipment was phased in to minimize the impact on current operations and the project was completed by the end of 2001. IntroductionRed Dog Operations started production in November 1989. The mine is located above the Arctic Circle in northwest Alaska. It is linked by an 80 km road to a port-site facility where the concentrate is stored. Concentrate is shipped to markets throughout the world during the one hundred days of open seas. As of January 2002, the Red Dog main pit had 38.4 Mt of reserves grading 19.2% Zn, 5.3% Pb, and 102 g/t Ag. Additional reserves and resources contribute an additional 72 Mt at 15.6% Zn, 4.2% Pb, and 78 g/t Ag. Red Dog is a Mississippian to Permian, black shale-hosted, zinc-lead-silver deposit located in the DeLong Mountains, western Brooks Range, Alaska. All the rocks associated with the mineralizing event are considered to be part of the exhalite rock package. Silicification was a dominant component of the mineralizing event and the host shale has been silicified and locally resembles a chert. The major sulphides in decreasing order of abundance are sphalerite, pyrite, marcasite and galena. Most of the deposit’s silver occurs within the crystal structure of the galena. The dominant ore mineral, sphalerite, is very fine grained to amorphous and is commonly intergrown with silica. Ore textures are massive, fragmental, chaotic, veined and rarely show classic sulphide sedimentary layering. The upper portion of the orebody has been physically and chemically weathered. Oxidation has altered the sulphides to sulphates. The zinc and iron sulphates are very soluble and are readily depleted from the weathered cap, while the lead sulphate is residual and is, therefore, enriched."

Jan 1, 2003

By F Shi, W Valery

WMC Fertilizers (WMCF) operates a Beneficiation Plant at Phosphate Hill in Queensland, Australia. The plant consists of two-stages of crushing, followed by a wet scrubbing and desliming circuit. Ore is then fed to a tertiary crusher and a milling/classification circuit, with the final product going to a swing-lift thickener and storage tanks. From the slurry storage tanks, the phosphate rock is fed to a horizontal belt filters which dewater the phosphate rock ahead of a hemi-hydrate phosphoric acid plant. The water soluble recovery of phosphate in the phosphoric acid plant is dependent on the moisture content in the filter cake, as this governs the wash water addition to the hemi-hydrate filters. Since commencement of operation, the moisture content of the filter cake fed to the phosphoric acid plant has been higher than design reducing the phosphoric acid plant recovery and at times reducing the throughput through the phosphoric acid plant. The moisture content in the filter cake can be decreased by reducing the generation of fines in the milling and classification circuit (classified as û38 micron material). This paper identifies the causes of fines generation in the Phosphate Hill beneficiation plant. It discusses the options that were assessed to minimise fines generation, and outlines the results to date of circuit changes undertaken at Phosphate Hill.

Jan 1, 2003

Newmont Waihi Operations is participating in the initiation of a community liaison forum in association with the local district council. The objective is to provide a forum for the free and regular exchange of ideas, concerns and information, and through improved communication seek to achieve a more comprehensive set of solutions to community, operating and closure issues associated with Martha Mine. A similar liaison forum has been operated on two previous occasions during earlier phases of the present mine's operation. This paper deals with the practical aspects of setting up a liaison forum to act as an effective conduit between regulators, mine operators, local businesses and the community. The mechanisms and procedures for identifying community issues and concerns are dealt with. The actions and structures required to ensure effective ongoing community 'buy in' at all levels are discussed. Corporate philosophies are addressed. Specific examples from Martha Mine, Waihi New Zealand will be used to illustrate the paper. This will include a brief explanation of previous and current community issues, Newmont Waihi's operations both at Martha Mine and the proposed Favona underground mine, and the practical issues involved in setting up a liaison forum.

Jan 1, 2003

By Y. F. Jia

Arsenic constitutes a major contaminant for the hydrometallurgical industry. Its removal and immobilization from process effluents typically involves lime neutralization and co-precipitation with ferric iron (Fe (III)/As(V)>3). Alternatively, precipitation of scorodite (FeAsO4?2H2O (cr)) may be applied to arsenic fixation. The mechanism of arsenic fixation in the former process has been suggested to be surface adsorption. Unequivocal characterization of these products is difficult because of their amorphous nature hence a variety of methods need to be applied including the particularly powerful method, extended x-ray absorption fine structure (EXAFS) spectroscopy. In this study, we have investigated the preparation of arsenate-adsorbed ferrihydrite with the purpose to compare its structure to that of Fe(III)-As(V) co-precipitates and scorodite (both amorphous and crystalline). Furthermore the solubilities of these Fe(III)-As(V) solids are measured as a function of pH. Their structures are elucidated and correlated to their solubilities and thereby the application of these findings to the practice of arsenic removal and disposal is assessed.

Jan 1, 2003

By Anatoly N. Vinogradov, Vyacheslav A. Tsukerman

The North-West Russia for 70 years is one the main producers of Cu, Ni, Co, Al, P, REE, Zr, Ti, Ta, Nb, Fe ores and other minerals in the Europe. The largest mining companies locates in the Murmansk region, and they extracts about 100 mln. tons of ores and damps up to 250 mln. tons of waste annually. Nevertheless an environmental situation in the region is stable due to rational management and treatment of wastes on a base of the Noosphere Concept for Nature-using suggested by Vladimir Vernadsky. The Concept was performed practically in the Fersman’ scheme of “non-waste mining and metallurgical complex”, published in the monograph “Minerals of the Kola Peninsula: current status – analyses – prognoses” (1941) and served till now as a sort of “Bible” for industry managers lightening a strategy for an industrial “trophic chain”. The recent status of this scheme is shown on the picture below, and one can see that our concept is coincide with modern ideology known as the “Industrial Ecology”. Moving along this mainstream in the Kola Peninsula since 1929, when the first mining company “Apatit” was established, we provided the water close circuit in mineral dressing plants, hydrometallurgical treatment of slag and tailings, productions of building materials and adsorbents of wastes. The innovation set of technologies designed by the Kola Science Centre allow recently to involve tailing damps in re-exploitation as the technogenic deposits of valuable raw materials for fertilizers, tanning and cleaning agents, pigments, concretes and etc.

Jan 1, 2003

By S. N. Ashrafizadeh

Nowadays, hard carbides have found various industrial application in the manufacture of cutting and drilling tools as well as metal forming devices. About 60% of the world tungsten production is consumed in the manufacture of hard carbide pieces. Regarding the high economic value of hard carbide components, i.e., Ni, Co, TaC, TiC, and WC, their recovery from scrap species is attracting much interest. In the current research, the cobalt and tungsten content were recovered from scrap cemented carbide pieces through the application of high voltage electrolysis in nitric acid media. By this method, cobalt and tungsten were initially recovered as cobalt nitrate and tungstic acid, respectively. The precipitate of tungstic acid was calcined at 800ºC after being washed twice with distilled water. A pure tungstic oxide was obtained. The effects of current density, electrolyte concentration, speed of agitation, and the surface area of the anode on the efficiency of the electrolysis process were investigated. The optimum conditions of current density of 1500 A/m2, an acid concentration of 1.5 M, and a cell temperature in the vicinity of 60 to 80ºC were obtained. At the optimum conditions, an acceptable rate of collapse for the anodic carbide pieces of about 3.1 g/h was achieved, which remained constant up to the completion of the recovery process without any passivation .

Jan 1, 2003

By Martin G. Taube, Dwayne A. Lewis

Drainage improvements at O’Hare International Airport, Chicago, IL included the installation of a drainage and storm water system to control the over?ow from nearby Willow Higgins Creek. This involved construction of a weir structure at the creek and the channeling of water from the weir to a newly constructed reservoir via three, 3.7-m(12-ft) diameter, underground storm sewer lines. The sewer lines passed beneath an existing, 2.3-m (90-inch) diameter high-pressure water main, which was to remain in service throughout sewer line installation. The soil composition around the water main ranged from medium stiff clays to silty sands and sandy silts. Triple-fluid jet grouting was used to stabilize the variable soil profile beneath the water main in preparation for tunneling and installation of the sewer lines. The varying soil strata presented a challenge to the project team to establish a constant set of jet grouting parameters throughout the stabilized zone while keeping within the specified unconfined compressive strength range for the stabilized zone of 690 to 1,380 kPa (100 to 200 psi)at 28 days.

Jan 1, 2003

By W. K. Rankin

Achieving continued economic growth with social equity within the natural limits of the Earth's eco-systems is the major issue facing the world today. The material and energy needs of the world cannot be met with the current ways of addressing this issue. The need for metals, an important class of materials, will continue into the future because their unique properties make substitution by other materials impossible in many applications and this need will continue to be met from primary metal production and recycling. However, the recycling rate will increase and the usage pattern of metals will change to reflect the environmental impact of their production and use. Pyrometallurgy has an important role in meeting the metal needs of the future since some metals can only be produced pyrometallurgically; the energy required to produce some metals pyrometallurgically is significantly less than by other methods; most metals are most efficiently recycled pyrometallurgically; and the release of harmful and toxic elements into the biosphere can sometimes best be controlled through pyrometallurgical processing. The development of strategies for pyrometallurgical processing for the future lies in the recognition that sustainable development calls for large step improvements in value delivered per unit of environmental impact over the entire supply chain. Pyrometallurgists can respond to this challenge by contributing to reducing the environmental impact of meeting metal needs using three broad strategies: "end-of-pipe" approaches to convert emissions into benign materials for storage or disposal; flowsheet redesign to limit or eliminate emission production; and improved recycling technologies. A number of examples are discussed to illustrate how the sustainability driver is already influencing the technological development of pyrometallurgical processes, and how these will develop further as the sustainability driver strengthens.

Jan 1, 2003

By Michael Francis, Chris Darton

More than 55 km of tunnels have been constructed by TBM in the last 12 years to refurbish and upgrade the high voltage cable network in London. These include a tunnel of 20km length using EPBM machines in both clay and granular soils. Route selection was made with reference to subsurface structures, existing ground conditions, using suitable shaft locations addressing environmental concerns. The complex interfaces to manage included obtaining of consents to the coordination of multiple suppliers. The paper describes how all these challenges have been met successfully and how technology has been employed to provide for safe construction and operation in the congested urban environment.

Jan 1, 2003

By E Werner, B R. Leavitt

The chemistry of acidic mine drainage discharging from flooded coal mines is commonly reported to improve with time after flooding. This investigation describes a 18-year dataset of post-flooding water chemistry for a below-drainage underground coal mine within the northern Pittsburgh coal basin (Pennsylvania, USA). The Montour mine is a 5650-hectare below-drainage coal mine of maximum 260 metres depth. Montour was closed in 1980 and flooded to within 38 metres of land surface within 4.8 years. Pumping averaging 210 L/s was then employed to maintain water levels at this elevation. The flooded proportion of the mine (by volume) at full flooding was 56 per cent. The shaft where water was pumped from Montour for water control is located about 70 per cent of the distance between the mine water table and the back of the mine ù that is, it is close to the back of the mine. The residence time (total water volume at flooding divided by pumping rate for control) is estimated at 5.6 years. Time series of chemical analyses show three phases of chemical behavior in post-flooding discharge. In Phase I (zero to two years after flooding), iron concentrations were high and reached their maximum (1100 mg/L). In Phase II (two to four years after flooding), a transition was begun to alkaline conditions, with decline in iron and other solutes. In Phase III (>4 years), net alkaline conditions began, with iron concentrations declining exponentially to 50 per cent of mined volume. This attainment of net alkalinity in this case may have also depended on abundant calcite in overburden extended up to 30 m above the mine floor.

Jan 1, 2003

By B Brattli

The dispersion pattern of heavy metals in soil and water is a consequence of complex geophysical and geochemical processes. Metal release from mining sites and subsequent migration occur primarily through acid mine drainage and erosion of waste and tailings dumps. Water plays a significant role in heavy metal mobilisation. Whilst it acts as a storage buffer for the pollutants, it is also the medium in which most of the reactions take place, and is undoubtedly the most significant transport vector in the pollution process. The intrinsic properties of the acidic drainage such as chemical composition, speciation of key mineral components, redox potential and pH are master variables controlling metal release, transport, deposition, reactivity and availability to biota. The mobility of heavy metals is strongly increased by acidification from acid mine drainage, and the discharge of these metals into the receiving waters results in numerous physical, chemical and biological responses in which the environment can affect the metal and vice versa. The result is an overwhelming number of association/dissociation, substitution, adsorption/desorption reactions, giving rise to a complex migration pattern. The attempt to understand and describe the dispersion pattern of heavy metals is complicated by the nature and level of interaction between the geochemical and hydrodynamic processes that generate and control the movement of the pollutants in the geosphere. Transport models which can be used to predict the behaviour of metal pollutants in a natural environment are still in the initial phases of development and their application to real life situations is limited. The Biochemical Cycle adds another dimension to the mobility of heavy metals. Metals form an important component of the food chain for man and plants. Biological uptake of metals from the bedrock and soil by organisms can result in migration paths very difficult to follow. Biodegradation or assimilation is just a tip of the iceberg.

Jan 1, 2003

By A Geldenhuis, M Hagger, J Maree

Disposal of mine water is a worldwide problem occurring in the coal and gold as well in the metal ore mining areas. Since southern Africa is a (semi) arid region, mining effluents should be treated to qualities such that they can be used for agricultural purposes or that they can be discharged in river system. Studies have shown that partly treated acid mine water can be used for irrigation. A copper mine in Botswana plans to use 5 M/d of treated mine effluent for the irrigation of agricultural product. The results of this study showed that when applying the biological sulfate removal technology the produced sulfide precipitated the metals in the mine effluent, such as nickel, Zn and Mn, to metal sulfide (MeS).

Jan 1, 2003

By Randy Clarkson

"Free gold particles occur in many base metal and precious metal mines throughout the world. Occasionally mine operators are unaware of the presence of free gold particles in their ores because they have not seen free gold hand specimens or at the working face of the mine.Due to the high density and malleability of gold, large circulating loads of free gold particles can build up over time in grinding circuits. This gold is often deposited in unintended traps throughout the mineral processing system.These unidentified free gold deposits represent a serious security risk as well as inaccessible inventory of gold. Deposits of free gold particles often remain undetected by mine management until they are accidentally discovered while repairing mill equipment. The trapping and subsequent release of gold particles can frustrate attempts to calculate accurate metallurgical balances.Nuclear tracers have been used to determine the free gold recovery efficiency of gravity recovery equipment, drills, and sampling equipment (Clarkson, 1994, 1997, 1998, 1999 and Walsh, 1986, 1992). In 1995, the author used radiotracers to locate and eliminate gold traps at La Mine Doyon (Clarkson, 1997). In 1998 and 2001, the author also salted mineral processing circuits at Royal Oak's Pamour Mine in Timmins (Clarkson, 1999) and at Gold Corp’s Red Lake Mine in Ontario with radioactive gold particles.The gamma and X-ray radiation from gold's nuclear isotope (Au198) were detected through steel, in pipes, and in moving equipment with scintillometers. The radiotracers proved to be a safe, rapid and accurate method of identifying gold traps, improving security, determining the recovery efficiency of Knelson gold concentrators and estimating retention times of gold particles in various processes."

Jan 1, 2003

By Duane A. Smith

They are gone now. Gone like that long ago generation that gave them birth. The Homestake Mine, nestled in the northern Black Hills, closed in 2001 after 125 years, the longest run of any major American gold mine. The Homestake Mining Co., which guided its destiny for those many years, is gone too. It merged with Barrick Gold. The Hearst family, which guided the early destiny of both, has long since gone beyond its mining heritage and into the national and even international spotlight. The mine and the company passed from the scene with as little fanfare as heralded their birth, amid the Black Hills gold rush of the 1870s. They both grew into American mining legends, as did the town they sired and nurtured, Lead. In a real sense, the mine and the company symbolized one of the last links to a vanished world and a mining era.

Jan 1, 2003

By J F. Penrose

To obtain cost-efficient financing by way of securing an optimal credit rating, the operating and market risks of a single-asset mining project should be accommodated in the financial structure. Weak financing structures can cause projects to fail, as evidenced by the Murrin Murrin and Bulong examples; these can be compared to the investment-grade structure of Straits (Nifty), which managed operational, market, and financing risks well. Most mining projects are capital-intensive, and have heavy dependency on debt financing. A weak financial structure may result in the early failure of an otherwise sound and economically viable project. Appropriate management of technology, construction, and management risks generally will get a project built; of the project failures that occur, most are caused by a liquidity crisis as the project goes through ramp-up (the transition period between completion of construction and full operation). A projectÆs viability can be enhanced through sound hedging practices, while poor hedging can increase the likelihood of financial default.

Jan 1, 2003