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By S. K. Kawatra, H. J. Haselhuhn

"Thickening is used during two primary mineral processing operations: water removal and desliming. During water removal, the pulp density is increased through the injection of flocculants. These flocs settle and create a dense pulp while clarified water is removed through the overflow. During desliming, fine particles are removed through the overflow. Desliming can also be used as a mineral separation process known as selective flocculation-dispersion, where valuable minerals are flocculated and gangue minerals remain dispersed and exit through the overflow.There are many ways to analyze thickener performance on a laboratory scale, but these analyses often do not correlate well with full-scale performance. Some pilot-scale systems have been designed using a semicontinuous approach, but the amount of material required to perform their tests can make semicontinuous pilot thickeners impractical for most applications. This paper focuses on the design and optimization of a continuous pilot-scale deslime thickener that requires minimal material to operate. The design, optimization strategy, and an example study of reagent selection are demonstrated. IntroductionMany laboratory methods have been employed to size and optimize thickener performance. The most common of these include the Coe and Clevenger method and methods derived from the Kynch theory of sedimentation. The Coe and Clevenger method was developed in 1916 and was proven for slurries that do not require flocculation to settle. This method proposed that the settling rate of the pulp is only a function of the solids concentration. It is executed by creating slurries of several different concentrations of solids and performing bench-scale settling tests in graduated cylinders. For each concentration, a thickener unit area can be determined using the following equation (Coe and Clevenger, 1916; Laros, Slottee and Baczek, 2002):"

Jan 1, 2017

By Neil D. Donnell, O&apos

Bituminous sands of the Lower Cretaceous McMurray Formation in northern Alberta constitute the ore for the surface mining operation at Syncrude Canada Ltd. These sediments represent a complex succession of fluvial, estuarine and marine depositional environments. Grade prediction is realized through a combination of geological interpretation, computer modeling, and reference to past mining experience. Accurate forecasts of feed grade permit reliable predictions of volumes for removal to meet budgeted synthetic crude oil production. This planning facilitates efficient allocation of mining equipment and resources. The feed grade to the Extraction Plant is monitored at various points along the delivery system.

Jan 1, 1984

By S. K. Kawatra, V. Claremboux, S. Valluri

Carbon dioxide capture from coal-fired power plant flue gas and subsequent sequestration is expected to play a vital role in mitigating global climate change. To meet the growing need for CO2 capture Technology, Michigan Technological University is researching CO2 capture and Utilization. We have successfully converted CO2 into oxalic acid using an electrochemical approach. If oxalic acid can be produced in bulk from CO2, it can be used to leach rare earth minerals at low cost. Electrochemical reduction of CO2 to hydrocarbons and other chemicals is a complex multistep reaction with adsorbed intermediates. The exact reaction mechanisms leading to various products are not clear from the literature to date and will likely change over the range of conditions like pH, electrode potential, electrolyte medium, catalyst, etc. In this paper, we will present an idea of how the factors mentioned above will effect the electrochemical reduction of CO2 to Oxalic acid. INTRODUCTION. CO2 is thermodynamically quite stable, as shown by its highly negative heat of formation. Thus, it is expected that the formation of any useful chemical from CO2 will require the input of at least as much energy as geological sequestration. However, to be more effective the resulting economic value of the chemical need only pass the cost of the additional energy required beyond geological sequestration. This lends itself to two extremes: one where the quantity of energy required is low and one where the economic value of the additional energy is low. It is expected that CO2 can be reduced via electrolysis to several compounds. Of particular interest are formic acid, oxalic acid, methanol, ethanol, formaldehyde, and carbon monoxide (as a component to syn-gas). These chemicals have been reported as electrolytic products previously in literature and have considerable potential for application. EXPERIMENTAL Electrocatalytic Production of Oxalate from CO2 We are using membrane electrolysis cell to produce oxalate from CO2. A membrane electrolysis cell is a 2-chamber electrolysis cell where the chambers are separated by a selectively permeable membrane. To produce oxalate, a cation exchange membrane (which selectively exchanges cations) was used. Previous literature suggests that in the cathode chamber an organic electrolyte, such as tetraethylammonium perchlorate or tetraethylammonium bromide in dimethylformamide, are preferred3. In the anode chamber, a sodium hydroxide solution water is used. Carbon dioxide is then bubbled into the cathode chamber as a current is applied.

Jan 1, 2019

By Kenneth G. Colman

Even though wet processes were used in coal preparation plants prior to 1941, dewatering coal was not a problem then because the finer sizes were uneconomical to recover and were considered waste. However, during the war years the scarcity of raw materials necessitated the utilization of every pound of natural resources and coal plants began seeking an economical mans of recovering fine coal. Early efforts to this end concentrated primarily on centrifugal dewatering devices. Such equipment produced good results but was relatively expensive. In 1944, a method was devised utilizing a vibrating screen fitted with a profile wire deck rather than the standard woven wire cloth deck. This machine came to be referred to as a dewaterizer. Results obtained with the dewaterizer approached those of the centrifugal equipment, but at a lower capital cost, Their use reduced either the number of centrifugal units required to follow the dewaterizers or the required energy input to heat dryers, In some cases they eliminated the need for any further dewatering equipment.

Jan 1, 1970

By M. M. Veras, C. H. Sampaio, A. S. Young, D. Neto, C. O. Petter

"Due to new technological developments, automatic sensor based sorting has made progress within industrial minerals, precious metals, diamond, and coal mining in recent years (Lessard et. al. 2016). In order to re-introduce the technology to other mining sectors, this research discusses its application to iron, manganese, and zinc ores through test works performed by the authors. These test works were performed using Dual Energy X-ray Transmission (DE-XRT) sensor technology. In each case, pre-concentrations of the ore were created demonstrating the possibility to reduce waste material, energy costs, and water consumption while improving product quality of the ores. INTRODUCTION Sorting of mining ores is as old as mining itself (Salter, 1991). Sensor based sorting applications in coal mining began as early as the late 19th century (Louis 1928). New sensor technologies were developed and implemented sequentially for uranium, nickel, coal, and gold mining (Refining, 1949, Rose et al, 1950, Bloomfield et al, 1966, Clayton et al, 1987, Robben and Mosser, 2014). While these sensor technologies were developed decades ago, computational capacity to keep pace with the vast amount of information required utilizing the sensor technology did not arrive until recently (Lessard et. al., 2016). The sensor based sorting (SBS) process was effectively described by Salter and Wyatt in Minerals Engineering in 1991, and Wotruba and Harbeck in 2010 in the Ullmann’s Encyclopedia of Industrial Chemistry under Sensor Based Sorting. Both descriptions include the following key steps: 1. Presentation of the material or particles. 2. Examination or detection of the material or particles. 3. Processing or analysis of the data generated. 4. Physical separation of the material or particles by external means. Effective presentation of the material or particles is achieved when the sensor is capable of identifying each particle individually. This step requires that each fragment of the material be isolated, and it often involves acceleration of the material fragments by chute or mechanical means, as well as the spreading of particles by vibratory feeders (Salter and Wyatt, 1991, and Wotruba and Harbeck, 2010). The isolated particles typically are conveyed into an area wherein they are subjected to electromagnetic irradiation (except in cases of some radioactive ores), either in the form of x-ray, visible light, infrared, or other energies. A wide range of applications for sensor based sorting exists in the literature. The majority of applications fall into one of two camps, (1) pre-concentration of mineral ores, or (2) characterization of the material during processing (Buxton and Benndorf 2013). While there is much to be gained from in-line material characterization and the resulting control both of quality and processing, this article focuses primarily on the camp of pre-concentration of mineral ores."

Jan 1, 2017

By Emily Sarver, Cigdem Keles, Jonathan Gonzalez, Nishan Pokhrel, Lizeth Jaramillo

This paper presents a case study of respirable dust characterization in a thin-seam coal mine in southern West Virginia. Samples were collected in various locations within the mine and analyzed using scanning electron microscopy with energy-dispersive X-ray (SEM-EDX), thermogravimetric analysis (TGA), and Fourier transform-infrared (FT-IR) spectroscopy. The study found high non-carbonate mineral content, particularly aluminosilicates and silica, in the dust. The results indicate that fine aluminosilicate particles may interfere with SEM-EDX analysis, leading to an underestimation of coal content. The findings highlight the importance of using multiple analytical methods to accurately characterize respirable coal mine dust.

May 5, 2022

By John T. Awald

The efficiency of search for porphyry copper and molybdenum deposits can be greatly increased. A model exploration system is here presented to show how geologic literature data and field surveys can be aided by modern statistical and computer methods. Assuming that major ore deposits occur in clusters, it is possible to evaluate rapidly large areas at modest cost and with minimum investment risk. An example of the success of these methods is given. Clusters of mine density and metal production covering the State of Nevada were plotted and machine contoured. Selection of a 47,300 square-mile area on the Nevada-California border was made. Within this area, detailed analyses were performed, and a 3000 square-mile site was picked for subsequent field examination. To initiate efficiently the field work, 81 stream sediment geochemical samples were collected and analyzed for copper, zinc, and molybdenum. These data established local variance and necessary statistical controls. Following this, a total of 151 geochemical samples were used to survey the 3000 square-mile area. Computer contouring of results directed attention to specific target areas for detailed geologic analysis, property acquisition and drilling. A total of 22 copper-zinc and molybdenum anomalies were identified. Four of these were recommended for further exploration. To date, two have been acquired and drilled and preliminary ore reserve and financial analysis have been made on one. The estimated cost and time for the regional exploration phases leading to these targets were thirty man-weeks and $16,000.

Jan 1, 1973

By Robert C. Edmiston

"Further, we search for the veins by observing the hoar-frosts, which whiten all herbage except that growing over the veins, because the veins emit a warm dry exhalation which hinders the freezing of the moisture, for which reasons such plants appear rather wet than whitened by the frost," Georgius Agricola, De Re Metallica, 1556 In view of Agricola's statement, made in 1556, the concept of using the heat released by oxidizing sulfides as an ore guide can hardly be considered a product of twentieth-century technology. In fact, thermal exploration has received relatively little attention in modern times compared to other potential field geophysical methods. There have evolved, however, two basic approaches to thermal exploration for subsurface heat sources. These are 1) the measurement of surface temperatures by infrared, thermal imagery and 2) the measurement of geothermal gradients in exploratory drill holes.

Jan 1, 1974

By Fred C. Caspall

During the last century the importance of coal as a natural re- source has frequently come to the attention of the general public, but never before nave circumstances combined to focus as much attention on coal as it receives today. There is the ever increasing demand for energy that can be met only by coal consumption, coupled with a growing awareness of man's potential for despoiling his own environment. Society monitors the use of the remaining resources with an increasingly critical eye and, for obvious reasons, surface mining operations tend to draw an unusual amount of public attention. While the surface mine is a successful economic competitor with other uses of the earth's outer skin, one of the unrewarding results of such activity is tile simultaneous destruction of two of our most important resources--the coal seam and the surface soil. In a relative sense the coal seam is a nonreplaceable resource but the surface soil can be restored. Unfortunately, little attention has been given to land reclamation and even less has been devoted to the restoration of a productive surface soil. The research reported in this paper was de- signed to test the relative productivity of newly reclaimed surface mine spoils in western Illinois. The results are preliminary in nature but may aid in the future redevelopment of mine spoil soils in the Illinois Coal Basin.

Jan 1, 1975

By Z. Zhang, M. S. Gonzalez, M. de P. Bueno, P. Holopainen, S. Luukkanen

In an extremely competitive mining industry, onsite experience is a big advantage. Mining education at the universities is mostly focused on theoretical studies without a possibility of practical training in mining sites. Hence, experimental mines suitable for practical education are needed to provide a platform for systematic research and education in industrial scale and for training in real mining conditions. Yet, this kind of mine sites is rare worldwide. Thus, a new educational research project, namely MINETRAIN is introduced in this paper evaluating the transition of the Pyhäsalmi mine in Central Finland from an active base metal mine to a research, educational and training underground facility. The uniqueness of MINETRAIN compared to other test mine programs is that the existing state‐of‐art infrastructure in Pyhäsalmi enables research and training facilities among all disciplines related to the overall mine value chain. Though all the above sound interesting in the context of research and education purposes, in practice Pyhäsalmi will have to become an experimental mine that can be sustainable in the future. Accordingly, a prefeasibility study is being conducted and some preliminary results are presented in this paper. INTRODUCTION Despite being a field of studies that requires practical knowledge and experience, mining engineering education follows the same pattern in most mining universities around the world; consisting of theoretical courses and laboratory-based practical modules (Mischo, 2015). The possibility of having practical training in real mining conditions on actual mine sites or processing plants is limited to none, while the only contact that undergraduate students have with mining operations during their time of studies is usually through short-time internships or visits in the context of educational trips. Yet, real integration between universities and the mining industry may be scarce, which does not help students to observe the actual processes, and thus understand the whole picture of mining operations. Indirect practical training is also possible nowadays that technology is shifting from mechanical to digital, and the use of virtual reality -in the context of Mining 4.0- can provide additional experience to the learning process. However, virtual reality is limited to the visual impression and is also limited in actions (Binder et al, 2018). In any case, when there is not a proper pragmatic view of how the different disciplines link to each other and especially if there is a lack of communication, unfortunately the results could be seen at a later stage in the mines as a poor performance of professionals and workers. Another major challenge for educating specialists in the mining sector is that experimental mines suitable for practical education, where the skills and know-how could be developed and/or enhanced are rare worldwide. Such research and educational (R&E) facilities are practically former metal ore mines that have been transformed into experimental sites. Besides being limited in number, not all facilities of this kind serve both a research and educational purpose.

Jan 1, 2019

By J. Kretschmann, R. Amiri

"The Sangan iron-ore mines (SIOM) in Iran are located in a remote area, near the Afghanistan border. The deposit of SIOM is containing a geological resource of 1.2 billion tons of mostly magnetite with a Fe grade ranging from 27 to 61 %. The Iranian government plans a stepwise development of SIOM in cooperation with private companies to satisfy the growing demand of the Iranian steel industry. Sustainable development (SD) is an influential ethical concept in mining all around the world. However, a successful realization of a SD is not possible without a foundation on the core values and regarding the specific circumstances of the individual mining country. This paper introduces SIOM and describes SD activities undertaken during its development. From the early stages, these activities have been realized to secure the acceptance of the stakeholders in the region. To evaluate their effects, indicators could be filtered as the ones with the highest priority for the stakeholders. Moreover Islamic values and Iranian regulations and their influences on SIOM have been analyzed. Keywords: Iran, Sustainable Mining, SIOM, Evaluation, Islamic Values INTRODUCTION Mining Industry in Iran The Islamic Republic of Iran holds 68 types of minerals, including salt, sand and gravel, gypsum, chrome, lead, zinc, copper, coal, gold, iron etc., with 37 billion tons of proven reserves and more than 57 billion tons of potential reservoirs. Iran is ranked among the 15 major mineral rich countries (1). In accordance with the statistics published by Statistical Center of Iran (SCI), there were 5.316 active mines and 84.922 employees in the whole country in 2012-13 (2) and according to the statistics published by Central Bank of Iran (CBI) in 2011 the share of this sector in the Gross Domestic Product (GDP) of the country was 1.2 per cent (3). Sangan Iron Ore Mines (SIOM) The deposit of SIOM is one of the largest iron-ore deposits in Iran, also considered to be one of the Middle East’s richest deposits, which contains a total geological resource of 1.2 billion tons of mostly magnetite with a Fe grade ranging from 27 to 61%. It is located 300 km southeast from Mashhad, the capital of Khorasan-e-Razavi Province, and 18 km northeast of Sangan town, in Khaf County, at latitude N34°24’, longitude E60°16’ in the north-eastern Khorasan-e-Razavi Province, 30 km west of the Afghanistan border (4) (Figure 1). SIOM is owned by the Iranian Mines and Mining Industries Development & Renovation Organization (IMIDRO). IMIDRO intends to develop an open pit mine complex and supporting facilities in SIOM for the production of about 20 Mtpy of iron oxide concentrate and pellets in four developing phases (5)."

Jan 1, 2016

By Alan S. Peck

Chemisorbed oleate films on the surfaces of fluorite, barite, and calcite were studied by means of infrared spectrophotometry. Evidence is presented which indicates the mineral anions, i.e., fluoride, sulfate, and carbonate, are displaced from the mineral surfaces as a result of the adsorption from aqueous solutions. Also, chemisorption reactions between oleic acid and fluorite or calcite occurred spontaneously in the absence of water. Carbon dioxide was identified as a reaction product when dry calcite was contacted with oleic acid. There was no evidence of reaction between oleic acid and barite in the absence of water.

Jan 1, 1964

By W. W. Wen

The objective of this investigation was to study the electrokinetic behavior of oxidized coals to indicate the feasibility of separating oxidized coals from ash materials and pyrite by an mine flotation process. The effects of soluble inorganic electrolyte products from coal oxidation were also examined. The electrokinetic behavior of coals of different rank and degree of oxidation were studied by an electrophoreses technique. Generally, increasing the oxidation increases the negative value of the zeta-potential and decreases the isoelectric point (IEP). Flotation results indicate that the flotation recovery increases with decreasing pH values, and that with ferrous sulfate at pH 6.5 the flotation recovery is optimum while the pyrite was depressed. Comparing the flotation results with the electrokinetic results verified that in the presence of ferrous sulfate, the maximum hydrophobicity of oxidized coal with dodecylamine and frother is near its IEP which is around pH 6.5 to 7.0.

Jan 1, 1976

By Milka Madahana, John Ekoru

Particulate matter is one of the leading pollutants in the mines and in the communities in the areas near or surrounding the mines. The availability of large Clinical and environmental data sets obtained from the mines has brought about the need to use better approaches to analyze the collected data. Prediction and control of particulate matter concentration in the mining environment is essential in minimizing air pollution and protecting the respiratory health of mine workers. The main objective of this research work is to analyze datasets obtained from a mining area using machine learning techniques which will then be followed by the real-time estimation of dust particulate in the mines. Datasets collected over 8 years in an hourly sampling rate from an open cast mine is cleaned and analyzed for trends and patterns. Artificial Neural Networks (ANNs), Support Vector Machines and decision trees techniques are applied to analyze and predict the particulate concentrate. The estimation of particulate concentration using Artificial Intelligence will significantly contribute toward the development of quantitative tools to be used in correlating of cause and effect of dust concentration in mines. The results obtained in this work will form a sub-unit of a respiratory health monitoring system for mine workers. The system is essential in the collection, analysis, and tracking of mine workers’ respiratory health, thus it forms part of an early intervention system for mine workers. From the existing theory, we expect the Artificial Neural Network will perform much better than previously used classical models.

Jun 25, 2023

By W. A. McKinney

In conventional dump leaching of porphyry mine strip wastes, many years are required to extract up to 20 percent of the copper from the contained sulfide minerals. Furthermore, none of the molybdenum, gold, or silver in the strip wastes is recovered by current leaching practices. Because mineralization occurs predominately along fracture planes, breaking of the rock during mining operations liberates and concentrates some of the metal values in the fines. Research shows that upgraded fines can be screened from mine wastes and froth floated for early recovery of copper, molybdenum, gold, and silver. For example, screening a dump sample assaying 0.35 percent copper as chalcopyrite removed about 20 percent of the copper as minus 1/4-inch material that analyzed 0.6 percent copper. About 35 percent of the molybdenum and 20 percent of the gold and silver also reported in the fines. Crushing the mine dump sample to minus 3 inch before screening increased the distribution of copper and molybdenum in the minus 1/4-inch screen fraction to 28 and 50 percent, respectively. Similar results were obtained by screening fines from two other large samples of mine waste dump materials. Flotation studies established that the enriched minus 1/4-inch fines from the three dump samples could be effectively concentrated. Comparative testing revealed that the combination of froth flotation of fines and acid-ferric sulfate leaching of the coarser fraction enabled doubling the recovery of copper over direct leaching of the samples. In addition, significant amounts of molybdenum, gold, arid silver were recovered by flotation.

Jan 1, 1970

By K. Heatwole, D. Shier, A. Davis, J. Kidder, S. Sunkavalli

"Acid rock drainage (ARD) is produced when sulfides are exposed to oxygen and water. Oxidation reactions typically result in a depression of pH and leaching of solutes and metals. Many oxidation models have been developed based on oxygen diffusion, but in environments with high permeability, other transport processes (i.e., convection and advection) can play an important role. Multiple sulfide mineral phases with differing oxidation rates should also be incorporated. WROC, a finite-difference model, was developed to account for these factors in predicting ARD. The program includes sulfide mineral oxidation using a shrinking core mechanism, heat transfer by conduction, heat of reaction and oxygen transport by diffusion and advection. The model was validated using data from the literature. After validation, the WROC model was used to simulate several different waste rock scenarios, including different forms of sulfide mineralization and the effect of implementing a waste rock cover. The results demonstrate that including specific sulfide mineral phases can have a significant effect on oxidation and that implementation of a cover can also aid in reducing waste rock oxidation.IntroductionAcid rock drainage (ARD) is a notable environmental concern in areas where rock or other material with acid generation potential is disturbed. ARD is defined as drainage that occurs as a result of sulfide oxidation in rock exposed to air and water. ARD is characterized by low pH, elevated metals concentration (especially aluminum, iron and manganese), sulfate and high total dissolved solids. The low-pH water that results from acid generation is capable of solubilizing heavy metals contained within the rock. The principal sulfide mineral in mine wastes is pyrite (FeS2). Pyrite oxidation is complex and can involve chemical and biological reactions. Oxidation of pyrite by atmospheric oxygen produces one mole of Fe2+, two moles of SO4 2- and two moles of H+ for every mole of pyrite oxidized, as described by Eq. (1)."

Jan 1, 2015

By T. Krumins, L. Zunti, R. Frischmuth

"Titanium and titanium alloys are commonly selected for pressure oxidation autoclave vent piping and pressure control valve components, as well as autoclave internals and other process piping. In the autoclave vent application, titanium ignition risk is controlled by limiting oxygen concentration, and preventing high gas velocity gas impingement on surfaces. Oxygen concentration is dependent on the autoclave pressure and temperature operating conditions and therefore oxygen concentration and the associated titanium ignition risk is dependent on standard operating procedures, process control interlocks and permissive conditions. It is not uncommon for these standard controls to be deficient during atypical operating conditions, or for operations to deviate from the operating procedures, increasing the potential for a titanium ignition incident. Titanium ignition risk caused by elevated oxygen concentration in autoclave vent systems can be reduced with the introduction of an online autoclave overpressure calculation and the configuration of associated interlocks and permissive conditions. INTRODUCTION High temperature pressure oxidation (>190°C) is a well recognized and versatile metallurgical oxidative pre-treatment process commonly used to liberate gold from refractory sulphide ores and concentrates before conventional leaching with cyanide. Titanium and titanium alloys are highly corrosion resistant in pressure oxidation process conditions and are therefore commonly selected as materials of construction for many components including: autoclave internals, agitators, process piping, and components in autoclave vent systems. Operations that anticipate or have experienced aggressive corrosion in the vent system often have little choice in material selection other than the use of titanium (Krag & Henson, 1992). Titanium is not suitable for use with elevated oxygen concentrations and is considered a restricted material because of its high pyrophoricity and combustion propagation properties (Beeson, Smith, Stewart, 2007). Several serious incidents have occurred in which titanium materials have ignited in autoclave applications (Zawierucha, McIllroy, Million, 1995). In autoclave vent applications, titanium ignition risk is reduced by preventing elevated oxygen concentrations, maintaining low gas velocities, and minimizing the potential for gas impingement on surfaces. Oxygen concentration in the autoclave vapour phase and vent system is dependent on the autoclave operating pressure and temperature conditions and therefore titanium ignition prevention controls typically include process interlocks and operating procedures based on the selected nominal design operating conditions. However, it is not uncommon for these controls to be deficient or for operations to deviate from the nominal operating conditions over time, increasing the risk of titanium ignition. The introduction of an online calculation of autoclave overpressure and a maximum target autoclave pressure as well as associated process control interlocks and permissive conditions can alert the autoclave control room operator and prevent an elevated oxygen concentration from developing, and therefore reduce titanium ignition risk in autoclave vent systems."

Jan 1, 2016

By D. Meadows, P. Carrato, E. Wingate, K. Churchill

Extracting lunar ice, to be processed into pure water or hydrolyzed into oxygen and hydrogen, faces many challenges. On the Moon icy-regolith deposits that contain up to 10% water are found within Permanently Shadowed Regions (PSR) at both lunar poles, where temperatures approach -220 ⁰C. NASA has identified several technology gaps that exist in developing these resources including: • Excavating large quantities of icy-regolith • Delivering large quantities of acquired resources • Hardware that is lightweight and energy efficient • Hardware that is reliable and durable. NASA uses public challenges to incentivize innovative approaches to closing these gaps. The Break the Ice Lunar Challenge provides over three million dollars in prize money to teams that compete in developing solution to mining the Moon. This paper describes the rules for this challenge and presents some of the proposed solution.

Feb 1, 2023

By C. D. Atkinson

The past few years have seen a much greater concern about air pollution in this country. This concern has led to increased legislation restricting the discharge of many substances such as sulfur dioxide and particulate matter to the atmosphere. In the future, it is anticipated the present permissible emission levels will be lowered. Current and impending restrictions on the emission of sulfur dioxide have brought out the fact that there is a shortage of available low-sulfur fuel for power plants and industrial use which promises to have an economic impact on the nation's energy picture (1) The Pittsburg & Midway Coal Mining Co., under the sponsorship of the Office of Coal Research, has developed a process to produce a fuel capable of meeting the energy requirements of this nation (2) The process is called "The Pittsburg & Midway Solvent Refined Coal Process". The principle product from the process is Solvent Refined Coal which is an ashless, low-sulfur fuel with 16,000 BTU per pound regardless of the rank coal from which it is produced. The product can be burned as either a solid or a liquid fuel. The process appears to be economically more attractive than other methods of alleviating the pollution problems of this nation. In addition to reducing the air pollution caused by stack gases, the product produced is potentially useful as a source of electrode coke and electrode binder pitch, as a gas turbine fuel, in the production of metallurigical coke and pavement asphalt, and as the first step in the overall process to produce distillate fuels and pipeline gas (3).

Jan 1, 1973

By Jan Luca Grunow, Ansgar Bendiek, Klaus Böde

According to the Markowitz portfolio theory the value of a diversified portfolio is higher than the sum of the parts of a portfolio, which is an important consideration for the correct valuation. This is valid for real estate portfolios as well as for mining assets (or enterprises). This paper analyses the application of the portfolio theory to a diversified portfolio of assets in the real estate industry and draws conclusions on further research work to be done in the minerals industry. The volume of real estate transactions is increasing over recent years. As such, the nature of those transactions is constantly changing and in some cases portfolios become more heterogeneous as they are composed of different property categories, e.g. locations and types of use. This makes their economic evaluation more difficult. This paper focuses on the acquisition of a fairly heterogeneous real estate property portfolio purchased by “Commerz Real” in Germany in Q4 2019. For economic evaluation the widely used Markowitz portfolio theory (Markowitz, 1952) was applied. It was investigated whether diversification effects could achieve added value in the form of a reduction in risk compared to the sum of their individual components. As a result the findings of this research could be applied to other heterogeneous real estate transactions and even to mine property portfolio or PPP1 project portfolio transactions.

Jun 25, 2023