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By Jaeheon Lee, Jai‑Won Byeon, Junmo Ahn, Jun‑Jae Lee, Eun‑Woo Kim, Yoo‑Jin Kim, Jiajia Wu, Jae‑Yeon Kim

Growing demand for valuable battery materials and environmental issues from battery disposal make the recycling of spent lithium-ion batteries (LIBs) essential. Specifically, the green approaches using organic reagents have garnered many attentions for battery recycling. In this study, a synergetic organic leaching system using methanesulfonic acid (MSA) of strong organic acid and citric acid (CA) with good chelating ability was investigated to extract valuable metals from LiCoO2. Hydrogen peroxide was used as a reducing agent to enhance leaching kinetics. Cobalt extraction of 98% and lithium extraction of 97 % were achieved in the optimized condition; 2.4M MSA, 1.6M CA, 1.0 vol% H2O2, S/L ratio 80 g/L, 85 °C, and 1 h. The optimal leaching condition of the MSA-CA mixed leaching system exhibited good applicability to various cathode scraps, such as LiCoO2, LiNixMnyCo1- x-yO2, and LiNixCoyO2. The dissolved Co and Li ions in the MSA-CA leachate were selectively recovered with high recovery efficiencies of 99 % and 97 % as Co3O4 and Li3PO4, respectively. The recovered Co3O4 and Li3PO4 were utilized to regenerate cathode materials. LiCoO2 and LiFePO4 were also synthesized through a solid-state reaction and hydrothermal method. The recycling process based on the MSA-CA-H2O2 synergetic leaching system was proposed, and it might be applied as a green and economical organic leaching system for the recycling of various types of spent LIBs.

Sep 20, 2023

By K. S. Fraser, R. Frischmuth

High temperature pressure oxidation (>190°C) is a wellrecognized and versatile metallurgical oxidative pre-treatment process commonly used to liberate gold from refractory sulfide ores and concentrates. The pressure oxidation of refractory gold ores was first commercially applied in 1985, at Homestake Mining Company’s McLaughlin mine in the United States. Since that time numerous refractory gold and other high temperature pressure oxidation facilities have been built throughout the world. The design of each facility was met with unique challenges and opportunities which have led to an array of plant configurations, pressure oxidation autoclave sizes, and sulfide oxidation capacities. This paper presents a historical review of high temperature pressure oxidation operations and current projects in execution with a focus on the autoclave vessel design, circuit configuration, and unit sulfide oxidation capacity as a basis for characterization and comparison.

Mar 2, 2022

By Konrad J. Banaszak

At least for the time being, these seems to be general but not universal agreement that Mississippi Valley type ore deposits formed entirely or in major proportion from heated connate brines (e.g. 1) Even with that agreement, major questions remain. I will present a coherent geochemical model and look at alternative views in the context of that model. The pattern of the following discussion is 1) the general geochemistry of the ore fluid, 2) the density-temperature relations and possible mechanisms of flow of those fluids, 3) the mechanisms of transportation and deposition of the ore minerals, and 4) a summary of a coherent model of genesis. The data equivocally define much about the deposits. The answer is still elusive.

Jan 1, 1979

By E. J. Beckman, R. M. Enick, C. Powell

Liquid carbon dioxide can be used as a replacement for organic solvents in the extraction of anionic platinum group metal complexes from an aqueous phase. However, because conventional extractant-metal complexes are not soluble in liquid carbon dioxide, this can be achieved only if highly carbon dioxide-soluble extractants are developed. For example, trioctylamine-gold chloride is not soluble in liquid carbon dioxide, although trioctylamine is CO2 soluble. The novel CO2-soluble extractants presented in this paper have a CO2-philic fluorinated tail to enhance solubility and a conventional amine head group for extraction of metals. Both the extractant and the extractant-metal complex are soluble at ambient temperature at pressures from 7 to 35 MPa. Efficiency factors as high as 2.23 have been measured using 1,1,2-trichlorotrifluoroethane (TCTFE), a low pressure screening liquid for carbon dioxide, indicating that these compounds will strongly bind the metal chloride. For example, 84% of Pt-chloride was extracted into TCTFE using a 3.5:1 ratio of a double¬tailed fluoroalkyl amine extractant: metal chloride. An 88% recovery of Pt-chloride into high-pressure liquid carbon dioxide was achieved using the same extractant at a 3.5:1 ratio. Therefore, it appears possible to replace organic solvents with liquid carbon dioxide during the extraction of platinum chlorides if highly carbon dioxide-soluble extractants agents are employed.

Jan 1, 2002

By Krawiec Alfons

The threat of rock bursts along with the danger from methane gas and coal dust explosions belongs to particularly dangerous phenomena in Polish pit-coal mines. This phenomenon results mainly from the physical-mechanical properties of the rock mass as well as the geological-tectonic structure of the Upper Silesian Coal Basin. In the postwar years in Polish coal mining thanks to a multi- directional activity, a decrease of rock bursts and their effects has been noted. For example, the number of rock bursts reported in 1965 amounted to 71 in comparison to only 23 in 1974. The ratio of rock bursts calculated for 100,000 tons of coal extracted from rock bursting strata amounted to 0.08 in 1965; however, in 1974 it amounted to 0.023 /Fig. 1/. These results were obtained in face of a continually growing potential threat from rock bursts caused by the systematic increase of extraction from rock bursting strata, exploitation at gradually greater depths along with the extension of exploitation into deposits enclosed in different types of pillars and other parts of deposits surrounded by workings. Despite the achievements of science and mining practice in this field, this threat has not yet been fully studied and controlled as it should be, As a result, research on preventing rock bursts is being continually widened in Poland. This research has a complex, multi-staged and long-range character. Theory, laboratory and field work in the mines are working on a solution to the problem.

Jan 1, 1976

By Larry S. Diaz

The paper considers the selection of control instrumentation for a modern flotation plant, as well as the best interpretation and most effective use of the process data obtained. Process control computer availability is considered from the outset. A general philosophy of control is proposed which leads toward a system that is its own reliability monitor. The bulk of the problems are in grinding and classification. Alternative control methods are described that use particle size measuring devices. Flotation controls, based to a large extent upon on-stream X-ray analysis, are reviewed in detail. Reagent control methods are also examined. Methods to analyze the data obtained from the various measurement devices are introduced. These methods would enable an estimate of the validity of the data and require some redundant information. Another objective of these methods is the protection of operating equipment from possible control malfunctions. Although the discussion generally considers some degree of computer usage, this paper attempts to describe instrumentation and data analysis methods that enable control with or without the process control computer.

Jan 1, 1972

By R. S. Shepard

A quick glance at a-portion of the title of this discussion -'Rolling With The Punch" may immediately lead you to assume that I am about to expound on the so-called manly art of self-defense. So that you will not have been misled entirely we will devote our considerations to a far more important art and if I may, I should like to begin by quoting Vincent Van Gogh. According to a literal translation the artist in describing one of his famous paintings said "these peasants are eating their potatoes with those very hands that dug them from the earth' and put them in the dish". Vincent Van Gogh may not have realized at that time, that he could likewise have been describing what is probably one of the oldest of all arts - the art of Material Handling - an art that man with the aid of science has tried to improve since the beginning of time.

Jan 1, 1963

By John Callahan

A stream sediment (minus 80-mesh and minus 60-mesh panned concentrates) and lithogeochdcal survey for gold did not locate any Triassic-age placer deposits in the northern Wadesboro and southern Sanford basins in North Carolina. A stream sediment geochemical program for uranium funded by the North Carolina Energy Institute did identify one and anomalous site (8.5 ppm U; 5 ppm Th) near Covenington, North Carolina and eighteen possibly anomalous sites (1-1.6 ppm U) . Five of the eighteen samples with uranium levels in the 1-1.6 ppm range have high thorium levels (112-853 ppm) and may indicate a monazite source for the uranium. Gold values as high as .83 ppm in the stream sediments and 9.3 ppm in the panned concentrates were obtained during the survey. Small (<.5mm) flattened grains of gold (1-4 grains) were observed along with coarse kyanite and/or monazite in some of the panned concentrates. A distinctive pattern of high gold values in the sediments was observed in the vicinity of Mangum, N. C. where Minard (13) reported values as high as 2.1 ppm £ram a Triassic lithology. Follow-up gold analyses on over 400 rock samples from twenty-eight exposures near Mangum failed to obtain any high values (<55 ppb). The presence of coarse kyanite, monazite and gold in panned concentrates may be from a source younger than the Triassic lithologies that the streams currently drain or adjacent Paleozoic rocks.

Jan 1, 1979

By P. O. Lindahl

The U.S. Bureau of Mines initiated research to improve the safety and efficiency of transporting coal from deep underground mines using a balanced air-lift hydrohoist. A 50-m-high pilot-scale model was constructed and tested to evaluate the feasibility of hydraulically hoisting a coal-water slurry in a U-tube pipeline from the mine level to the surface with the assistance of compressed air. A prototype screw feeder is used to continuously compact and inject 5-cm or less run-of-mine coal into a pressurized 20-cm-diam pipeline. Production rates up to 40 metric tph at an airflow of 1.5 m3/min were achieved with the model, and coal size degradation was relatively minor. Modifications are in progress to achieve 100 tph at an airflow of 2.8 standard m3/min injected into the riser pipe. Pilot-scale results indicate that an air-lift hydrohoist system is a feasible, cost-effective alternative to conventional skip hoisting that can be installed in existing shafts or surface-drilled holes closer to the face area. Air-lift hydrohoisting offers advantages of infinitely adjustable slurry flow rates, reduced pressure at the point of coal injection, and flexible design that can be combined with hydraulic pumping. Proposed design changes are discussed for coal transport, mine layouts, ventilation, fire control, and escapeways using this system.

Jan 1, 1995

By Carl E. Schubert

The application of geophysical technology relative to the exploration, planning, and operation of coal mines is expanding. This is due to the trend of the industry to increase the size of operations, use of mechanized equipment and mining of more difficult coals, where unforeseen conditions can affect mine profitability. Coal is a good geophysical target because of its lower density, higher electrical resistivity, lower seismic wave velocity, and lower magnetic susceptibility in comparison to typical country rock. The more important techniques are well logging, high resolution seismic reflection, seam wave velocity, and radar. These methods can be used to map coal horizons, determine the physical properties of the coal, and identify mining hazards. The methods are not a pancrea however. Their use should be based on a careful assessment of their expected success and cost benefit analysis in comparison with conventional technology, primarily drilling, which none of the techniques presented should entirely replace. In general, the level of technology developed for geophysics surpasses their current level of application to coal problems. In some cases, identifying hazards in advance of mining using seam wave seismic in particular, the state of the art has been developed in Europe and is awaiting fruitful application in the United States.

Jan 1, 1982

By R. Hogg, E. Kaya, H. Cho

Investigations were performed on fine grinding of bituminous coal in a laboratory-scale pulverizer. The results indicated that the breakage behavior at relatively coarse sizes (i.e., greater than about 20 µm) is essentially "normal." However, at fine sizes (i.e., less than about 10 m), there is clear evidence of reagglomeration. A simplified population-balance model for simultaneous growth and breakage is formulated. Breakage rates and breakage distributions were assumed to follow the patterns typically observed in simple grinding systems. It is recognized, however, that solid particles and agglomerates may exhibit different breakage behaviors. Agglomeration rates are assumed to be determined by contact probability, i.e., by the relative numbers of interacting particles. Based on comparisons between model simulations and experimental data, it appears that agglomerate rebreakage rates and fragment size distributions are quite different from those for solid particles. The result is that product size passes through a minimum and then increases with time as agglomeration begins to dominate.

Jan 1, 1998

By Robert L. Marovelli

The major mining health and safety problems of concern to United States Government and private industry researchers in 1981 included the difficulty experienced by longwall operators in complying with the Federal 2 .0-mg/m3 respirable dust standard, the accident rate associated with falls of ground and materials handling hazards, and the upsurge in the incidence of disasters after the steady decline in recent years. Although the many mines and manufacturing companies involved in the research projects to be described are not specifically identified, it is important to note their significant involvement. This is not by way of acknowledgement, but rather to establish that these projects, using mostly Federal funds, represent close cooperation between the U.S. Government and the mining industry. The ongoing work to be described on the development of critical longwall dust control technology is a classic example of Government-industry participation through the phases of problem identification, planning, cost-sharing, and implement at ion.

Jan 1, 1982

By HONGWEI YANG, Lili Zhang

The oxidation behavior of copper smelting slag under non-isothermal conditions was studied by thermal analysis. The results indicate that the copper slag is mainly composed of fayalite ( Fe2SiO4) and magnetite ( Fe3O4). The oxidation behavior can be divided into two reaction stages with the increase in temperature; the first stage is the oxidation of fayalite to magnetite, and the second stage is the oxidation of magnetite to hematite. The two reaction stages cannot be strictly separated; that is, the reaction of fayalite is not complete, and magnetite has begun to transform into hematite. Based on the TG (thermogravimetric) curves, the ABS (Achar–Brindley–Sharp–Wendworth) differential and the Coats–Redfern integral methods were employed to investigate the oxidation kinetics of copper slag during the continuous heating process. The oxidation of fayalite into magnetite and amorphous silica phases occurs mainly in the temperature range of 673 to 1083 K. The activation energies calculated by the two methods are 193.69 and 195.52 kJ mol− 1, respectively. The reaction is consistent with Avrami–Erofeev equation, and the mechanism of oxidation is random nucleation and growth. The oxidation of magnetite to hematite occurs at 1083–1303 K. The activation energies are 308.79 and 328.77 kJ mol− 1, respectively. The mechanism conforms to the Jander equation and is controlled by the two-dimensional diffusion.

May 16, 2022

By Heinrich H. Becker, Vladimir L. Konyukh, Sergey P. Koltsov, Valery A. Davidenkol

Ramifide conveyor transport of the biggest russian coal mine "Raspadskaya" is simulated by Petri nets. There are 6 longwalls with accidental output. 12 belts, and 5 transfer bunkers at this mine. It is necessary to coordinate transport links for recon- structed conveyor system. Many tasks were solved by dynamic simulation, such as estimation of transport lateness, influence of transfer bunkers on an unevenness of total coal flow, maximum filling of each bunker, maximum time of main conveyor refusal, co-ordination of unloading for dependent bunkers, choice of main conveyor. The problem of mine-wide conveyor transport animation for dispatcher is formulated in reference to mine "Komsomolets". OBJECT OF SIMULATION The biggest russian coal mine "Raspadskaya" is situated on a south part of Kusnetski coal basin (West Siberia). One mines about 20.000 tons of coal out of flat seams by 2.2-4.5 m thickness in a day. There are 6 fully- mechanized longwalls by output 720- 3600 tons in a shift in mine. Coal haulage to surface is carried out by 12 belts having 1.6 - 4.3 km length. For a smoothing over un- evenness of coal flows 5 transfer bunkers to 300 tons were intro- duced. The designed conveyor system is divided into two parts (Figure 1). In the upper part some coal from Face 1 comes through belt road C, into transfer bunker 8,. From the opposite side that bun-

Jan 1, 1996

By Robert B. Fulton, Gill Montgomery

Fluorspar is the commercial name for fluorite, a mineral that is calcium fluoride, CaF2. The name, derived from the Latin word fluere (to flow), refers to its low melting point and its early use in metallurgy as a flux. It is the principal industrial source of the element fluorine. Two other minerals, cryolite and fluorapatite, have significant fluorine content. Cryolite, sodium aluminum fluoride, Na3AlF,, is a rare mineral that has been found in commercial quantities only in Greenland. The natural material has been supplanted by synthetic cryolite for its principal industrial use in the manufacture of aluminum. Fluorapatite, Ca5F(PO3)2, is a source of phosphate for fertilizer manufacture, containing a small percentage of fluorine. Commercially mined deposits of apatite have varying amounts of fluorine, chlorine, hydroxyl, and carbonate. HISTORY Fluorspar was used by the early Greeks and Romans for ornamental purposes as vases, drinking cups, and table tops. Various peoples, including the Chinese and the American Indians, carved ornaments and figurines from large crystals. Its usefulness as a flux was known to Agricola in 16th century Europe. Fluorspar mining began in England about 1775 and at various places in the United States between 1820 and 1840. Production grew substantially following the development of basic open hearth steelmaking, wherein it is used as a flux. Use was stimulated by growth of the steel, aluminum, chemical, and ceramic industries, particularly during World Wars I and 11. Fluorocarbons entered the picture in 1931. The use of anhydrous hydrogen fluoride (HF) as a catalyst in the manufacture of alkylate for high octane fuel began in 1942. Differential flotation for separating fluorspar from galena, sphalerite, and common gangue minerals in the 1930s and the application of heavy media concentrating methods to the treatment of low grade ores in the 1940s were outstanding technological advances that facilitated increased production. Pelletizing and briquetting of flotation concentrates for use in steel furnaces and the development of flotation schemes for beneficiating ores containing abundant dolomite and barite have been major improvements in the industry. USES OF FLUORITE Fluorspar is used to make hydrogen fluoride (HF), also called hydrofluoric acid, an intermediate for fluorocarbons, aluminum fluoride, and synthetic cryolite. It is used as a flux in the steel and ceramic industries, in iron foundry and ferroalloy practice, and has many minor specialized uses. Hydrogen fluoride is produced by reacting acid grade (97% CaF,) fluorspar with sulfuric acid in a heated kiln or retort to produce HF gas and calcium sulfate. After purification by scrubbing, condensing, and distillation; the HF is marketed as anhydrous HF, a colorless fuming liquid, or it may be absorbed in water to form the aqueous acid, usually 70% HF. Synthetic cryolite, organic and inorganic fluoride chemicals, and elemental fluorine are made from hydrofluoric acid. The acid itself is important in catalysis in the manufacture of alkylate, an ingredient in high-octane fuel for aircraft and automobiles; in steel pickling, enamel stripping, and glass etching and polishing; and in various electroplating operations. The manufacture of one ton of virgin aluminum requires about 12 to 29 kg of fluorine content in synthetic cryolite and aluminum fluoride. This quantity, through improved technology and recovery practices, is being lowered significantly in countries with the most advanced technology (i.e., Australia and Sweden), while others (i.e., Surinam and South Africa), remain at the high end. Elemental fluorine is prepared from anhydrous hydrofluoric acid by electrolysis. Gaseous at room temperature and pressure, fluorine is compressed to a liquid for shipment in cylinders or in tank trucks. Elemental fluorine is used to make uranium hexafluoride, sulfur hexafluoride, and halogen fluorides. Gaseous uranium hexafluoride is used in separating U235 from U233 by the diffusion process. Sulfur hexafluoride is a stable high dielectric gas used in coaxial cables, transformers, and radar wave guides. Halogen fluorides have important applications, mostly as substitutes for elemental fluorine, which is more difficult to handle. Emulsified perfluorochemicals, organic compounds in which all hydrogen atoms have been replaced by fluorine, are undergoing investigation as promising blood substitutes. They transport oxygen and, in conjunction with a simulated blood serum, perform many functions of whole blood. With further development, these organic compounds may ultimately, in emergencies, be useful in saving lives of animals and humans during periods of acute shortages of natural blood. Inorganic fluorides are used as insecticides, preservatives, antiseptics, ceramic additives, and fluxes and in electroplating solutions, antioxidants, and many other products. Boron trifluoride is an important catalyst. Organic fluorides are volume leaders in the fluorine chemical industry. Fluorinated chlorocarbons and fluorocarbons are prepared by the interaction of anhydrous HF with chloroform, perchlorethylene and carbon tetrachloride, and are characterized by low toxicity and notable chemical stability. They perform outstandingly as refrigerants, aerosol propellants, solvents, and cleaning agents and as intermediates for polymers such as fluorocarbon resins and elastomers. Fluorocarbon resins are inert compounds that have unusually low coefficients of friction and have found a number of applications as lubricants for parts that cannot be oiled, e.g., bearings for window raising equipment located inside of automobile doors, in small electronic equipment, for the manufacture of chem-

Jan 1, 1994

By S. Castro, L. Gutierrez

A classification of flotation processes carried out in concentrated electrolyte solutions, e.g., seawater, is proposed using the most obvious features of these processes: low or high content of Mg2+ and Ca2+ ions, pulp ionic strength, and pH. The first distinguishable group is the processes carried out in NaCl/KCl solutions, about 0.5 M in the case of salt flotation of inherently hydrophobic minerals, and at concentrations about 10 times higher in the flotation of potash ores. In the flotation of sulfide ores, such as nickel or copper ores, with xanthate-like collectors, the xanthate collector is apparently not affected by pulp ionic strength and only adjustment of frother may be required. Content of Mg2+ and Ca2+ ions in seawater is the main difference between such systems and fresh water. The presence of these metallic ions can adversely affect flotation in the pH ranges over which these ions hydrolyse. The successful flotation of Cu-Mo ores typically requires depression of pyrite at high pH values achieved with the use of lime. However, in seawater, flotation of Cu-Mo ores requires removal of the hydrolysis products of the Mg2+ and Ca2+ ions or the use of a pyrite depressant that can be effective over the pH ranges that are much below the pH of hydrolysis. Mg2+ and Ca2+ ions also affect flotation of phosphate ores with fatty acids. In this case, the depression mechanism is not caused by precipitating magnesium hydroxides on the mineral surface but by precipitation of collector insoluble salts, and the same ions are responsible for depression in both cases. In the seawater flotation of Cu-Mo sulfide ores and phosphate ores, the practical solution involves either removal of Mg2+ and Ca2+ ions prior to the flotation or complexation with other reagents.

By Hiroyuki Abé

This paper is a review of research and development on geothermal energy extraction in Japan especially on hydraulic fracturing. First recent geothermal developments in Japan are outlined in Part I. An increase in the production rate of geothermal wells may be highly dependent on the geothermal well stimulation technology based on hydraulic fracturing. The hydraulic fracturing technique must be developed also for geothermal energy to be extracted from hot, dry rock masses. In Part II, the research on hydraulic fracturing and field application are reviewed.

Jan 1, 1982

By David Mast, Irwan Halim, Brian Hagan, Kaveh Talebi, Jason Edberg, Amanda Foote

On June 14, 2023 Jay Dee Contractors’ Tunnel Boring Machine (TBM) “Phoenix” holed through and completed mining the second drive of the I-75 Segment 3 Storage and Drainage Tunnel. Completion of the tunnel came only after overcoming several challenges, including a groundwater intrusion event which deposited thousands of cubic yards of wet ground material into the tunnel. This paper will discuss the events which delayed completion of the tunnel by over nine months, the risk management and construction approaches assumed by the Design-Build team during bid, several challenges faced by Design-Build teams when building stormwater resilience tunnels using traditional Department of Transportation standards, and recommendations for improving risk allocation and proposal documents for future similar Design-Build tunnel projects.

Jun 23, 2024

A Mineração da Trindade (Samitri) is a major Brazilian iron ore producer. Founded in 1939, privately owned Samitri operates six mines with a total production capacity of 14.5 Mt/a (16 million stpy). The mines are located in southeastern Brazil in the state of Minas Gerais. They are operating in the iron ore quadrangle, Brazil&apos;s primary iron ore-producing region. In addition to iron ore production, Samitri has the capability to produce 350 kt/a (386,000 stpy) of ferruginous manganese ore from two mines, also located in the iron ore quadrangle. Historically, about 70% of Samitri&apos;s production of lump ore, sinter feed and pellet feed is exported. Destinations include Belgium, Luxembourg, France, Germany, Trinidad and Tobago, China, Turkey and the United States. Alegria Mine In September 1989, Samitri started a new processing plant to treat itabirite, a low-grade iron ore. The goal of the plant was to produce sinter feed (coarse fraction) and pellet feed (fine fraction). Primary separation of sinter feed from pellet feed was accomplished with conventional vibrating screens making a 0.4-mm (40-mesh) cut. The screen oversize was stockpiled as sinter feed. The undersize was deslimed with hydrocyclones and upgraded by conventional froth flotation. Resulting pellet feed grades ranged from 3% to 3.5% Si02. A change in pellet feed requirements by Samarco Mineração SA, a Samitri subsidiary, called for Si02 levels below 1 % and increased production levels. Moreover, market demands called for a change in sinter feed size distributions. Unfortunately, lower pellet feed Si02 levels could not be achieved with the existing process. This was because of the presence of 35% +0.15 mm (+100 mesh) in flotation feed. Flowsheet development. Laboratory and pilot-plant studies conducted at Samitri&apos;s research facility found that to achieve lower Si02 levels, the +0.15 mm (+100 mesh) in flotation feed must be kept below 5% to 10%.

Jan 1, 1997

By Kevin Bell

The TRAC™ Program was developed to provide our clients with a mechanism that allows them to better manage site remedia­tion and closure costs. This program provides a fixed-price contract for site remediation and case closure and is well suited for large pro­jects with multiple PRPs, such as Superfund sites. Because Kvaerner is a large engineering/construction firm and not a consult­ing firm, we can offer this type of contracting mechanism that envi­ronmental consulting firms are hesitant or unable to provide. With TRAC™, Kvaerner assumes financial and technical responsibilities for carrying a site through the closure process for a fixed price. Liabilities carried on our client's balance sheet for site closure can be removed when they sign up forTRAC™. In many instances, a profit can be realized as the liability on the balance sheet may exceed our TRAC™ fixed-price cost to close the site. Bonds and other sureties securing the site can be released and set­tlement with other involved parties can be quickly reached. For a project to be considered for this program, it typically meets the following criteria: 1) The project site should be physically separated from other contaminated sites 2) A reasonable quantity of site investigation data must be avail­able including site-usage history with or without a projected fea­sibility study(ies) and/or remediation design 3) Access to perform all necessary work must be available. After a review of all site data, K vaerner develops a "risk menu" to manage financial risks. In this "menu", each compo­nent of the project is assigned a level of probability that the costs will occur. Then the base cost of each activity is "weighted" by multiplying the potential cost growth by the probability. This analysis assures that the financial risks are appropriately defined, weighted, and mitigated and a realistic fixed price is developed. Upon acceptance of our proposal and conclusion of contract negotiations, Kvaerner takes over future responsibility for clos­ing your site. This allows the client to: 4) Release reserves obligated on financial statements for the site (and potentially realize a profit if the TRAC™ fixed-price cost is less than our client's booked obligation) 5) Finalize cost settlement with other responsible parties, insur­ers, etc. 6) Redirect resources involved in the environmental manage­ment of the site 7) Cap legal and administrative costs In addition to performing the site cleanup and closure work, at our client's request we are able to: 8) conclude lease obligations for property 9) dispose of equipment and buildings

Jan 1, 1998