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By Thomas Kuhn

The detailed investigation of both active and inactive submarine hydrothermal systems has gained tremendous progress during the last decades because of the increasing usage of remotely operated vehicles (ROV) as well as manned submersibles. Special aspects like the targeted sampling of chimney structures and vent fluids as well as the analysis of zonations of near-surface structures like sulfides mounds was only possible with the usage of such vehicles. However, the availability of such vehicles has been very limited because of the few number of deep-water ROVs and manned submersibles which need both a trained crew and a special research vessel. This was especially true for the German science community which did not have such devices at its disposal until recently. With the ROV QUEST 5 which is based at the University of Bremen (c/o. Prof. Dr. G. Wefer, Dr. V. Ratmeyer) this major drawback has now been eliminated.

Jan 1, 2003

By M. Hardy, K. Nielsen, M. Ramey

American Soda, LLP has commissioned the first solution mine for recovery of naturally formed sodium bicarbonate (nahcolite) from low-grade deposits using high-pressure, high-temperature injection fluid. This project, known as the Yankee Gulch Project, was commissioned33 years after discovery of the deposit and followed an intensive four-year feasibility study that included a full-scale pilot test. The nahcoliteis co-mingled with oil shale and is impermeable. Solution mining is achieved by a combination of thermo-mechanical cracking and dissolution. Elevated temperatures are required to initiate the thermally induced cracking and to enhance solubility of the nahcolite, which is highly temperature dependent. This paper will provide an overview of the development of the project from discovery, characterization, pilot testing, permitting and commissioning, with emphasis on the solution mining aspects.

Jan 1, 2003

By R. Armstrong

The stability of rock slopes is significantly influenced by their curvature in plan view. The importance of this in open pit mining is indicated by the fact that, in a deep pit, steepening of the slopes by 1° may save as much as $100 million. It is considered that there are two significant factors that play a part in the influence of plan curvature. These two factors are the effect of stress, and the effect of geological structure. The scant literature that pertains to this aspect of rock slope design was reviewed. The geometrical influence of the plan curvature was then investigated. It was seen that it has a parabolic effect on the maximum possible wedge that can fail into a circular pit, where the tighter the concave curvature the smaller the wedge. The plan curvature also affects the volume of a particular wedge, where concave slopes result in an exponential decrease in the volumes and convex slopes have exponentially increased wedge volumes. A change in the strike of the wedge did not affect the curvature’s influence on the volume, but the volumes of shallower dipping wedges were affected more by the influence of the plan curvature. La stabilité des talus des roches est très influence par la courbure de celles ci dans la vue en plan.Son importance de l peut arriver à sauver même $100 millions. Il est considère qu il y a deux facteurs importants qui jouent une influence sur cette courbure. Il s’agit de l’effet des contraintes et l’effet de la structure géologique. La brève littérature qui se réfère à cet aspect du conception sur le talus des roches a été revue. L’influence géométrique de la courbure des plans a été investiguée. Il a été vu que cela un effet parabolique sur la bosse ou le su relèvement maximum possible qui peut faillir dans un puits circulaire, ou le plus resserre est la courbure concave, le plus petit est su relèvement (bosse). La courbure plane aussi affecte le volume d’un particulier su relèvement ou les talus concaves résultent dans une décroissance exponentielle en volume alors que les talus convexes accroissent la volume de ces su relèvements (bosse). Le changement de l’orientation de la bosse (su relèvement) perpendiculairement ou obliquement n’ a par affecte l’influence de al courbure sur le volume mais les volumes des bosse (su relèvement) peu profonds étaient affectes par la courbure des plans. Die Stabilität der Felsensteigungen wird erheblich durch ihre Biegung im Plan beeinflußt. Der Wert von diesem in der Tagebaugrube wird durch die diese Tatsache, in einer tiefen Grube, steepening der Steigungen durch 1° angezeigt; kann soviel wie $100 Million speichern. Es wird betrachtet, daß es zwei bedeutende Faktoren gibt, die eine Rolle im Einfluß der Planbiegung spielen. Diese zwei Faktoren sind der Effekt des Druckes und der Effekt der geologischen Struktur. Die dürftige Literatur, die diesen Aspekt des Felsensteigungdesigns betrifft, wurde wiederholt. Der geometrische Einfluß der Planbiegung wurde dann nachgeforscht. Es wurde gesehen, daß es einen Parabolischen Effekt auf dem maximalen möglichen Keil hat, der in eine kreisförmige Grube ausfallen kann, wo, das fester die konkave Biegung, das kleiner der Keil. Die Planbiegung beeinflußt auch das Volumen eines bestimmten Keils, in dem konkave Steigungen eine exponentiale Abnahme an den Volumen ergeben und konvexe Steigungen exponential Keilvolumen erhöht haben. Eine Änderung im Schlag des Keils beeinflußte nicht den Einfluß der Biegung auf das Volumen, aber den Volu

Jan 1, 2003

By X. B. Zhao, J. G. Cai

The purpose of this paper is to incorporate the dynamic BB model of rock fracture normal behaviour into Universal Distinct Element Code (UDEC), and to conduct UDEC modelling to predict stress wave propagation across rock fractures. With the incorporation of new dynamic model of fractures, the UDEC is improved in the capability of modelling wave propagation across fractures. In this study, the case of normally incident P-wave transmission across a fracture is modelled, and the effect of dynamic normal behaviour of fracture is concentrated on. Wave transmission coefficient for wave transmission across the fracture with the dynamic BB model is obtained for various combinations of fracture dynamic parameters, as well as different wave amplitudes and frequencies.

Jan 1, 2003

By Heribert F. Broicher, Arne Volland

The application of remote sensing techniques combined with fluorescence spectroscopy is realised in analytical devices called LIF Analysers. The analysis of laser-induced fluorescence facilitates non-destructive, non-contact, on-line and real-time rock identification and quality control of bulk solids in transport. LKAB of Sweden was the first company to test LIF Analysers in the Kiruna Mine for bulk sorting of run-of-mine ores depending on the phosphorus content. Other applications tested in Germany so far are quality control of limestone (iron and/or dolomite content) and rock identification in lignite mining. Of special interest also is rock identification in diamond mines for dilution control. The paper summarises the present state of the application of LIF Analysers.

Jan 1, 2003

By P. Marinos, G. Tsiambaos, H. Saroglou

Anisotropy is a characteristic of intact foliated metamorphic rocks (slates, gneisses, phyllites, schists). ?esting was used to establish the anisotropic behaviour of selected gneissic rocks. The effect of anisotropy on various mechanical properties (strength, deformation) and dynamic properties (wave velocity) was examined. The rock samples were also tested at successively higher confining pressures in order to evaluate the effect of anisotropic behaviour at high overburden pressures. L’ anisotropie characterise les roches foliées (schistes, gneiss, phyllades). Dans ce travail des essais en laboratoire ont été exécutés afin de déterminer le comportement anisotropique des roches gneissiques. L’ effet de l’anisotropie a été examiné par rapport aux propriétés méchaniques (résistance, deformation) et propriétés dynamiques (vélocité ultrasonique). En outre des essais des roches ont été exécutés a des compressions latérales successivement plus grandes afin de déterminer le comportement des roches sous grands charges. Anisotropie ist eine Eigenschaft der geschieferten Gesteine (TonSchiefer, Gneis, Phyllit, Marmor). Versuche wurden durchgeführt, um anisotrope Verhalten von gneis Gesteinen zu ermitteln. Der Einfluss von Anisotropie auf mechanische (Festigkeit, Dehnung) und dynamische Eigenschaften (Wellegeschwindigkeit) wurde bestimmt. Die Dreiaxialversuche wurden unter grossem allseitigen Drücken entnommen, um das anisotrope Verhalten auf grösse herrschende Spannung zu bestimmen.

Jan 1, 2003

By C M. Hill

This paper aims to provide a brief overview of the Australian Coal Bed Methane (CBM) industry and more importantly the challenges to sustainable management of the industryÆs by-product, groundwater. In a country where water is scarce and having gone through one of the worst recorded droughts it is vital that this important industry be seen to be managing water in a responsible manner with the greatest environmental and social benefit. Benefits of the water from CBM wells can be enhanced through treatment to produce potable water for domestic or stock purposes, water for irrigation or aquaculture or lower quality or untreated water for industrial or mining purposes. Other options are re-injection of raw water or waste from the treatment processes or discharge to surface waterways. The critical change and difference between CBM projects and traditional oil and gas operations should be that where possible water is no longer disposed of via evaporation ponds with the dual legacy of waste of the water resource and an environmental contamination problem with the remaining salt and brine product.

Jan 1, 2003

The aquifer at Phosphate Hill, north-west Queensland, presents special management challenges. The site contains a phosphate rock mine, fertilizer plant and camp. All of the site water is provided by the Duchess Embayment Aquifer, located within the Burke River Outlier of the Georgina Basin. The Duchess Embayment is a triangular shaped, Cambrian marine sedimentary basin consisting of siliceous and calcareous phosphorites, shales, siltstones and sandstones. It is fault-bounded on all sides and has a regional dip of 5¦E. The aquifer is largely confined to the siliceous facies of the Beetle Creek Formation. It has a very flat potentiometric surface and an average thickness of 45 m with confining beds above and below. The siliceous facies derives from weathering of the calcareous phase and is highly transmissive while the calcareous zone itself contains less water and is dependent upon interconnecting fractures for its permeability. Recharge appears to occur where the siliceous facies crops out around the edges of, and within, the Embayment. Aquifer management issues revolve around two points: successful dewatering of the orebody for mining; and efficient management to maintain water quality and ensure supply over the predicted 30-year life of the project. Current operations are extracting water at levels much below that originally estimated. This is having a detrimental effect on mine dewatering with the SWL lowering at a rate slower than anticipated. As a result, ore parcels are now beginning to intersect the water table, providing a major constraint to the mining plan. The aquifer drawdown cone is extensive and very flat so to keep the water table at an appropriate level for mining the management plan will include more aggressive dewatering to lower the level of the entire aquifer. The additional water will either be disposed of downstream or stored in a holding dam or via the use of artificial storage and recharge. Water resource management will also need to maintain the current quality. About 37 per cent of the water currently extracted forms the low chloride supply required by the ammonia plant and the power station. This ratio is expected to remain applicable under any future operating conditions but the low chloride resource is restricted so will require prudent management to enable the supply to continue. At current usage rates aquifer recharge versus use will need careful monitoring to ensure that the resource remains viable in the long-term.

Jan 1, 2003

Objective To develop safety training tools for mine safety and health trainers that can be used for both new-miner training and annual refresher training. Background For the past 3 years, NIOSH has been developing training materials for mine safety trainers in response to gaps identified during stakeholder meetings. Most materials have been directed to the hazards of underground mines, but the recent passage of Part 46 of CFR 30 required new-miner and annual refresher training in aggregate operations. One result was the identification of another audience needing basic information about safety in mining. Trainers characterized trainees in this segment of the industry primarily as young males, many of whom had little work experience. Approach Training specialists from the Arizona State Mine Inspector’s Office approached NIOSH researchers early in2002 about the possibility of a collaborative project to develop safety training materials for new trainees in aggregate operations. A preliminary search of MSHA accident statistics identified over a dozen common hazards that could be targeted in a training video. A storyline was developed for review by safety specialists in the aggregate industry, and a script was written to cover the selected hazards. Although the target audience was primarily new hires, the finished video was also to be relevant to more experienced workers.

Jan 1, 2003

By J. C. Yingling, V. Badaker, R. J. Sweigard, P. W. Conrad, J. M. Ringe, D. H. Graves

The University of Kentucky has developed reclamation cells at a surface mine in southeastern Kentucky to evaluate the impact of spoil handling (reclamation methods) and compaction alleviation methods on the physical properties of replaced growing media and on tree survival rate. From 1997 through 2001, penetration depth, penetration resistance, bulk density, and tree survival data have been collected at the reclamation cells and correlated to determine the relationships that exist between the soil physical properties at the site and tree survival. Regression models have been developed for each reclamation method evaluated using the collected data to predict tree survival rates on reclaimed surface mined lands as a function of the soil physical properties of the replaced growing media. Procedures have been developed for handling soil/spoil during reclamation that can minimize compaction in the replaced growing media. Procedures have also been developed for alleviating compaction in growing media on reclaimed and orphaned surface mined sites. These procedures, if implemented, will increase the potential for reforestation success. Finally, procedures have been developed for collecting soil physical property data for use in evaluating the suitability of spoil conditions for reforestation.

Jan 1, 2003

By Gregory Harbort, Sarah K. DeBono, Alan J. Monaghan, Emmanual V. Manlapig

"The Jameson Cell is a type of flotation machine in which air and pulp are brought together in a vertical tube called a downcomer. Within the downcomer the air and pulp are dispersed into a dense foam of fine bubbles, which creates a favourable environment for bubble-particle collision and subsequent collection of hydrophobic particles. The intense collection zone within the downcomer can be considered similar to the zone between the rotor and stator in mechanical flotation cells.Research into the bubble-particle collision and fluid dynamics of mechanical cells rotor-stator zone has been limited by the difficulty of achieving accurate measurements in production sized machines. With the Jameson Cell the downcomer is largely external and separated from the flotation tank, allowing ready access to the primary contacting zone for measurement and analysis.An investigation has been undertaken into the operating characteristics of the downcomer relating to bubble-particle collision. An effective mapping of the downcomer has been made through measurements of void fraction and bubble size taken across cross sections of the downcomer. Analysis of these measurements has provided an interpretation of the variations in the air and fluid dynamics, bubble size and distribution throughout the downcomer chamber.Existing models of bubble-particle collision efficiency are reviewed in respect to the collected information and refinements conducted. The area of maximum bubble-particle collision efficiency is defined. Findings are related to operation within the rotor-stator zone of mechanical flotation cells."

Jan 1, 2003

By K. Severin, B. Flanigan, P. Marion

"Plutonic-related" gold deposits in Interior and SW Alaska (Tintina Gold Belt) vary significantly in size, grade, vein/deposit morphology, depth of emplacement, distance from causative pluton and metal association. Metal associations such as Au-Bi and Au-As- (Sb-Hg) are a good empirical indicator of the depth of emplacement and distance from causative pluton. These associations have been used successfully in exploration. Results from several analytical techniques also suggest a phenomenological cause for these metal associations. Gold and bismuth have paired mineralogy at high temperatures and, thus, are best correlated at deposits that are deep and/or close to causative intrusions.

Jan 1, 2003

By Francesco Montanari, Gianni Schena

"Recent improvements in X-ray computed tomography allow investigation of objects several tens of millimetres in dimension with spatial resolutions in the order of a few microns. These improvements are made possible by coupling the micro-focus technology adopted by some of the latest cone-beam X-ray sources with an increase in the efficiency of the detectors. The micro-focus technology allows the production of clearer images at high magnification by reducing the penumbra (fuzziness) associated with larger focal spot size.Even higher resolutions can be expected in the next few years with the commercialisation of nano-focus X-ray tubes. In practice one can inspect a system of fine composite particles and analyze the different mineralogical phases in each individual particle. Computed tomography allows accurate liberation studies, e.g. providing liberation spectra or washability data in tens of minutes. However, on-line application of micro-focus computed tomography is unlikely in the foreseeable future, despite rapid development.Dual-energy (DE) radiography is another X-ray technique, which allows retrieval of the volumetric content of valuable components in two-phase particles in a fraction of a second. A digital radiograph of a single two-phase particle produces a grey level image, where the luminosity of the pixels is determined by the sum of the attenuation levels of all the structures. Thus morphological and compositional effects concur to produce the radiographic image, which does not allow retrieval of the composition of the particle, as the 3D-structure of the particle is compressed into a 2D-image, with an obvious loss of information. Thus, in principle it is not possible to discriminate between thick, comparatively penetrable, and thin, comparatively impenetrable mineralogical components."

Jan 1, 2003

By Przybycien Krzysztof, Tumidajski Tadeusz

"Materials being the feed to mineral dressing plants are the mixture of ore minerals having different physicochemical properties among others, especially susceptibility on crumbling. During exploitation of material and their preparation to communition the big number of narrow classes comes into being and they have different properties. The determination of common communition laws of multicomponent (on account of size and mineralogy) materials leads to the estimation of mutual influence of narrow classes and their rates, taking into account their endurance and mineral density, on general ratios and their simultaneous crumbling.If we try to accept the grain membership to the certain component as the differing feature, we can write the balance equation as: ( ) ( ) S= = k i i i g x p f x1where: fi – density functions of one type distribution and of different statistical moments (characterising the homogeneous materials grinding), pi – “stirring” proportions of each components, S== k i i p 1 1 . From the point of verification view of detailed versions of this equation the inverse operation should be done: in the base of the components’ mixture grinding results and the results of components grinding the legitimacy of equation should be checked.The using of finished distribution mixtures’ theories to the grinding process analysis allows, first of all, to verify the assumption of grinding independence of individual feed components. Talking more generally it would lead to the comparison of grain size distributions, obtained by individual components grinding from the defined in the mixture distributions theory calculations. One of experimental and calculation results for artificial mixtures of galena and dolomite is presented on figure below (df means distribution function)"

Jan 1, 2003

The Acid Drainage Technology Initiative (ADTI) was initiated in 1995 by federal agencies, the National Mining Association (NMA) and the Interstate Mining Compact Commission (IMCC) to identify, evaluate and develop cost-effective and practical acid drainage technologies. In 1999, ADTI was expanded through the addition of the metal mining sector, which is focused on drainage quality issues related to metal mines. ADTI addresses drainage quality issues from abandoned, active, and future coal and metal mines. The guiding principle of ADTI is to build consensus among industry, federal and state regulatory agencies on acid drainage technology development and technology transfer issues. ADTI is focusing its efforts on mine drainage prediction, sampling/monitoring, modelling and avoidance/remediation. ADTI is not a regulatory or policy development program. ADTI includes the Coal Mining Sector (CMS) and the Metal Mining Sector (MMS) under the overall guidance of the ADTI Operations Committee. The Operations Committee consists of representatives from industry, state and federal government and academia. The Coal Mining Sector includes two committees; a prediction committee and an avoidance and remediation committee. The Metal Mining Sector includes steering committee and work groups on prediction, sampling and monitoring, modelling, mitigation, and pit lakes. The Coal Mining Sector has produced two publications on the prediction and prevention of acid drainage. The Metal Mining Sector has workbooks under preparation covering the work group topics. This past winter, the Metal Mining Sector, working with the US Bureau of Land Management, presented a satellite training session on acid drainage. ADTI has evolved in response to changing needs and technologies as evidenced by the addition of the Metal Mining Sector in 1999. The Operations Committee and the members of the Coal and Metal Mining Sectors will guide future direction in response to identified issues.

Jan 1, 2003

By R. W. Ottermann, N. D. L. Burger, A. J. von Wielligh, P. R. de Wet, J. L. Steyn

A low noise blast hole drilling system was developed to limit the risk of noise induced hearing impairment in mining operations. Noise induced hearing loss has been identified as a major occupational health risk in SA mines. The noise generated by pneumatic percussion drills is a major contributor to such noise induced hearing. This motivated the South African Safety in Mines Research Advisory Committee (SIMRAC) to commission the development of a low noise rock drill system. The system had to be designed, manufactured, tested and demonstrated in a simulated underground mining environment. The specification required noise levels below 90 dBA. Other important design considerations were ease of manual transport, setting up and operation. The primary design concept was to encapsulate a standard Seco S215 pneumatic rock drill in a composite material tube. The tube is pushed onto the rock face by a pneumatic cylinder and is sealed at the rock face by an elastic seal. The drill is pulled towards the rock face by a rope and pulley mechanism fitted inside the tube. This mechanism is powered by a second pneumatic cylinder. The actions of moving and setting the drill require two persons. However, the team can carry out the drilling function itself on several drills simultaneously because of the self-thrusting design. The drill is supported by two camlocks. The exhaust (air containing dust, water, rock shavings, oil and grease) is removed from the encapsulating tubes via exhaust tube to the end of the stope. In this way exhaust noise and air pollutants are disposed of away from personnel. Tests were conducted in a test stope. Noise levels of under 90 dBA were achieved, thereby attaining the primary design specification. This was achieved without materially compromising ease of handling. Penetration rate was somewhat improved compared to that of the standard drill, so that productivity could be maintained. Keywords: Drill, rock drill, quiet, noise, mine, underground.

Jan 1, 2003

By John Lindsay

"Although diamond mining is a relative newcomer to the Canadian mining industry, with the first diamond mine coming on stream in 1998, Canada is already a significant producer of high quality diamonds. This paper will review diamond production trends and highlight some of the projects currently under development, which have the potential to enhance Canada’s role as a significant diamond producer.Diamond recovery plants generally incorporate well-established mineral processing and recovery techniques, with issues such as product security, cut-off sizes, and diamond preservation becoming important considerations when developing process flowsheets. A diamond processing plant must achieve three key objectives, namely:• Liberation of the diamonds from the host rock;• Separation of the heavy minerals, which include the diamonds, from the host rock;• Recovery of the diamonds from the heavy mineral concentrates.Processing technologies and equipment commonly utilized in diamond processing plants will be reviewed and some of the significant issues associated with each option briefly discussed.Typical process flowsheets will be presented.Finally, an overview of De Beers’ Victor diamond project, located in northern Ontario, will be provided. This potentially significant diamond producer is currently at a pre-feasibility stage of development.DIAMONDS IN CANADAWorld Diamond ProductionCommercial diamond mining commenced in earnest with the discovery of the Kimberley diamondfields in South Africa in the late 1800s, and this resulted in a dramatic increase in the supply of diamonds. As can be seen from figure 1, world diamond production, mainly from South Africa, Angola, Congo, and Namibia, remained relatively constant through the early 1900s until the development of the large Russian kimberlite pipes in the 1950s. Production increased again in the 1960s and 70s with the development of the Botswana mines, but the most significant increase in global production came from the Argyle mine in Australia, which came on stream in 1983 and produced a peak of almost 43 million carats in 1994, representing approximately 40% of the world market. Production from Argyle has since fallen-off as grades have declined and the strip ratio has increased with the deepening of the open pit."

Jan 1, 2003

By Fumihiko Sumiya, Shinya Tanaka, Yukio Kato, Kenji Tanaka, Tetsuya Sawada

When explosives are heated under an acidic environment due to metal sulfide and sulfuric acidity, their decomposition temperature falls remarkably and decomposition reaction occurs quickly, and then explosives have the risk of the deflagration to the detonation transition. Heat resistant commercial explosives which can be used under conditions of high temperature of 200ºC and an acidic environment were studied. We developed the explosive composition consisted of ammonium perchlorate (AP) as oxidizer, saturated hydrocarbon oil as fuel and binder, and calcium carbonate as decomposition inhibitor. The characteristics of this explosive composition show a heat resistance over 24 hours at 200ºC, and a detonation velocity over 2,500 m s-1. This explosive composition has a cap-sensitivity at temperature higher than 100ºC. Cost effective heat resistant commercial explosives were created by the optimization of the grain size of AP as a main component, the addition of saturated hydrocarbon oil and calcium carbonate, and the control of bulk density by the addition of micro-balloons.

Jan 1, 2003

By S. Vivek

An Atomic force microscope (AFM) was used to measure the surface forces between hydrophobic silica surfaces. The measurements were conducted in the presence and absence of Cu(II)species in solution to study the effects of the cation adsorption on the hydrophobic force. The results obtained in the absence of the Cu (II)species showed that the hydrophobic force does not change with pH, while the electrostatic repulsive force changes substantially with pH. In the presence of the Cu(II) species, the hydrophobic force begins to decrease at a pH where Cu2+ions are hydrolyzed, indicating that the first hydrolysis product (i.e., CuOH+ions) are the species adsorbing on the surface of the hydrophobic silica. The results of the surface force measurements were used to develop a model for the adsorption of the hydrolysis product of Cu(II) species on the hydrophobic silica.

Jan 1, 2003

By B. Karatzoglou

The penetration of sustainability principles in business practices has introduced the necessity for a simultaneous integrated assessment of the corporate economic, environmental and social performances. Continuous technological, political and legal evolutions indicate that Sustainable Development (SD) principles will soon have to be implemented in all sectors of the Greek corporate reality, among them in the Mineral and Mining Industry. However, the ultimate criteria for the evaluation of a company?s performance remain its profitability and its market value. Managers, shareholders, financial intermediaries, all alike, emphasize and base their decisions on the various accounting produced ratios of return (ROA, ROE, ROCE, Residual Value) included, or produced by data found, in the financial statements of the companies. This paper offers evidence that the traditional accounting ratios discourage the implementation of investment plans that aim at improving the environmental performance of companies and therefore can be inadequate and misguiding for SD applications. International studies have consistently traced a positive relationship between the environmental performances of firms and their financial positions. Yet, the fact that investors tend to reward proactive companies by increasing their corporate values is disregarded by the return ratios, which usually set up the basis for management rewards and bonuses. The book value of the firm assets and owners? equity from which such ratios are produced diverges strongly from the real corporate value, defined as the traded amount for the stock of a firm. There is an urgent need for an adjustment of the return ratios so that they can record the positive economic impact of a more sustainable attitude and encourage decision makers towards this direction.

Jan 1, 2003