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By D. D. Ndenguma

This investigation compares the results from an experimental and numerical study of air flow in a scaled-down underground coal mine model. This was done in order to determine if numerical analysis can be relied upon when searching for ventilation solutions to control high concentration of coal dust and methane gas in underground coal mines. Steady state analyses were used to identify flow patterns and recirculation regions within the mining section while transient state analyses were used to determine the time taken to extract the initial air from the model. The agreement between the experimental and numerical results indicates that numerical modelling is useful in this regard. The study went further to devise a method of determining the optimum position of the jet fan that is responsible for mine-gas dilution at different stages of mining.

Jan 1, 2014

By S. A. Allen

The Eufaula bauxite district of Barbour and Henry Counties in southeast Alabama covers an area approximately 14 miles long, 6 miles wide at the eastern extremity near the Chattahoochee River, and 10 miles wide at the western end near the east fork of the Choctawhatchee River (see figs. 1 and 2). The long axis of this polygon bears a little south of east.

Jan 1, 1949

By Sutham Niyomwas

Synthesis of alumina-mullite-silicon carbide composite (Al2O3-Al6Si2O13-SiCw) was obtained in situ by carbothermal reduction of a mixture of kaolin and two different silica sources. The carbothermal reduction was carried out in a horizontal tube furnace under flow of argon gas. The standard Gibbs energy minimization method was used to calculate the equilibrium composition of the reacting species. The synthesized products were mixtures of alumina, mullite and silicon carbide in the form of whiskers. The effects of adding two different silica sources of rice husk ash and silica powder to the mixture of kaolin and activated carbon were investigated. XRD and SEM analyses indicate complete reaction of precursors to yield Al2O3- Al6Si2O13-SiC as product powders, with the SiC having whisker morphology.

Jan 1, 2006

By A. H. Daane, B. J. Beaudry

The Sc-Y and Sc-Zr systems were studied by thermal and X-ray methods. Both systems are characterized by complete solid solubility in the low temperature hexagonal form and in the high temperature bcc form. In the Sc-Y system, there is a minimum in the solidus at 50 at. pct and 1365°C, while the solidus in the Sc-Zr system follows a nearly straight line relationship between the melting point of scandium and zirconium. There is a minimum in the temperature of transition from hexagonal to bcc in the Sc-Y system at 43 at. pct Y and 1175°C; while the temperature of transition is raised in the Sc-Zr system to a maximum of 1415 °C at 30 at. pct Zr. INTEREST in the metals of the first transition series has usually stemmed from their useful properties; however, there is now a great deal of interest in determining the fundamental nature of these metals. Since scandium is the first of these transition metals, a study of the preparation and Properties1 and the alloying behavior of scandium2 was initiated. In a continuing study of the alloying behavior of scandium, the systems of scandium with zirconium and yttrium have been established. Extensive solid solubility in both the Sc-Zr and Sc-Y systems was expected from application of the classical rules of Hume-Rothery. Also, the modified Darken and Gurry plot as suggested by Gschneid-ner3 showed ideal conditions for solubility in the Sc-Zr system with less favorable conditions in the Sc-Y system. The effect of scandium on the transformation temperature of zirconium and yttrium was of interest, since a recent empirical observation by Uly and Burr4 predicted that the solute scandium would raise the transformation temperature of zirconium and lower the yttrium transformation. In addition to noting the validity of the above predictions, the SC-Y and Sc-Zr systems were established. EXPERIMENTAL METHODS Materials. The metals employed in this investigation were crystal bar zirconium, distilled scandium prepared by the method described by Spedding, et al.1 and yttrium prepared by the method described by Carlson, et a1.5 The major impurities present in these metals are listed in Table I in ppm. Alloy Preparation. All the alloys examined were initially formed by comelting the two metals in a nonconsumable electrode arc-melting furnace under an atmosphere of purified helium or argon. The buttons were inverted at least five times and re-melted each time to ensure homogeneity. During preparation of Sc-Zr alloys, approximately 1 wt pct was lost which was attributed entirely to the loss of scandium by distillation. When preparing Sc-Y alloys, approximately 1.5 wt pct was lost, but it was assumed that the intended composition was maintained, since the relative weight lost when arc melting the component metals was nearly the same. Samples weighing 15 to 20 g were prepared for time-temperature thermal analysis, while only 1- to 2-g samples were prepared for the optical pyrometer and X-ray diffraction studies. Thermal Methods. The solidus and the melting points of the metals were determined by an optical pyrometer method described previously.2 The temperatures at which the transformation from hexagonal to bcc occurs were determined by differential thermal analysis. Several points on the solidus and liquidus in the Sc-Y system were also determined by this method and are in good agreement with those obtained by the optical pyrometer method. The procedure followed in the preparation of samples for thermal analysis and the furnace used have been described elsewhere.2'6 Since a limited quantity of scandium was available, most of the alloys were not melted during thermal analysis, thus avoiding contamination by the crucible. The alloy could then be reused and the composition changed by adding the desired quantity of solute to obtain the next alloy. Heat Treatment and X-Ray Methods. In order to ensure homogeneity, the "as arc-melted" alloys Were wrapped in tantalum foil, sealed in quartz capsules and heated at 1100°C for 15 hr and then cooled at a rate of 8 deg per min. Samples for X-ray diffraction were filed from these heat-treated alloys, sealed in 1/8 in. by 1/2 in. tantalum capsules under

Jan 1, 1963

By Joseph L. Jordan

Coal is essential to America?s future energy needs. To meet these needs mining methods must be safe, economical, and environmentally acceptable. Belt conveyor systems for coal haulage from surface mines offer great potential in this situation. The advantages over conventional truck haulage are particularly promising for area strip mines in western coal fields such as the Powder River Basin where relatively thick, flat-lying coal seams occur. The current demand for low-sulfur coal specifically emphasizes the need for better mining methods in these areas. Underspoil haulage is the term applied to transportation of coal from the pit to the surfate in area strip coal mines by belt conveyors in tunnels under the spoil. The advantages over trucks include lower manpower requirements, greater pit safety and efficiency, and improved reclamation procedure. This evaluation includes a comparison of total mining costs for truck haulage versus six variations of the underspoil haulage concept. The more efficient of these underspoil haulage systems have economic advantages over truck haulage which become more pronounced with deeper overburden, thicker coal, and higher annual production.

Jan 1, 1977

By Yong-Moo Cheong

When the zirconium pressure tube(PT) is in contact with the calandria tube(CT) in the pressurized heavy water reactor(PHWR), the temperature gradient between the inner and outer wall of the PT results in a thermal diffusion of hydrogen(deuterium) and hydride blisters are formed on the outer surface of the PT. Since Zr-2.5Nb pressure tubes have a high risk for the formation of blisters during their operation in a PHWR, there is a strong incentive to develop a method for the non-destructive detection of the blisters grown on the tube surfaces. However, because there is little mismatch in an acoustic impedance between the hydride blisters and zirconium matrix, it is not easy to distinguish the boundary between the blister and the zirconium matrix with the conventional ultrasonic methods. This study has focused on the development of an ultrasonic method to detect the hydride blisters formed on Zr-2.5Nb pressure tubes. Hydride blisters were grown on the outer surface of a Zr-2.5Nb pressure tube using a cold finger attached to steady state thermal diffusion equipment. Ultrasonic velocity ratio method as well as conventional ultrasonic parameters with an immersion technique was developed to detect small hydride blisters on the Zr-2.5Nb pressure tubes.

Jan 1, 2006

Abbott, Robert H., (S'42) Agricultural & Mech. College of Texas, College Sta.. Texas. Abrahamson, Guy C., (S'43) Univ. of California, Berkeley. Calif. Abrego, Alfredo, (S'43) Texas College of Mines & Metallurgy, El Paso, Texas. Ackermann, K. G., (S'43) Univ. of Alabama, University, Ala. Adamec, Lew, (S'42) Colorado School of Mines, Golden, . Colo. Adams. Charles E., (S'42) Univ. of California, Los Angeles, Calif. Adams, Charles W., (S'30) Asst. Met., Canada Foundries & Forgings Ltd., Welland, Ont., Canada. Adams, John W., (S'42) Univ. of Texas, Austin, Texas. Adams, Karl S., (S'43) Univ. of New Hampshire, Durham, N. H. Adamson, Charles R., (S'41) Univ. of Utah, Salt Lake City. Utah. Adler, A. G., (S'41) Met. Engr., Flotation Operator Helper. Utah Copper Co.. Garfield, Utah. Adler, Frank J., (S'42) Colorado School of Mines, Golden, Colo.

Jan 1, 1943

By Morris Cohen, Robert C. Ruhl

The phases in Fe-C alloys over a wide composition range have been studied after splal quenching from the liquid state. Binary alloys containing 0 to 5.1 wt pel C as /cell as a large number of ternary Fe-C-Si alloys with 2.5 to 5.0 wt pct C and 0.3 to 5.1 wt pct Si were attlong those sludied. Olher Fe-C-X alloys, zcilh X being Co, Cr, ,Wn, Ni, and Ru , were also inrestigated after splat quenching. At high carbon contents, a new hcp phase (designaled 6 phase, but different from e carbide) is retained upon splat quenching. The .fraction of this phase varies up lo 97 pcl for a Fe-4.K-1.9% alloy. The composition of the E phase ranges from about 3.8 10 4.8 wt pet C, and the corresponding laltice parameters increase linearly ulith carbon content, while the c/a ratio remains essentially conslc~nl. The E phrtse appears to he a solulion of carbon in E iron, the latler being nornially found only at high pressures. It is deduced that the unit cell of the E phase corresponds to the formula Fe12C3, and llzal il is relaled to tlie ordered slruclures 0.f 6 iron carbide and c iron nilride. The E phase is compared and contrasted to the olher known carbides and nitrides of iron and nickel. An exlrapolaTion of the atomic volume 1,s carhon conlent of /he E pllase lzcts giz.en a neu7 estitnale jor /he alomic volume of E iron, 11.30 cu A, a1 atmospheric pressure and temperature. Other alomic volume relalionships lead to /he co~zpositioti Fe2.iC tor E iron carbide, /he unit cell fortr~ula being -Fe2rClo The E phase undergoes a lulo-slage decomposition upon healing, .forrning firsl rnarlensile plus E carhide, a/ler 1 hr at 140" lo 200°C, slid then ferr ite Plus cementile, after 1 lir a1 330" to 460°C. A1 carbo,l contents between 1.5 and 3.0 LC/ pcl, (he predo.wirzar/t plzase alley quenching is fcc austenite. The retained carbon content of this phase increases with itlcreasing silicon in certain concentration ranges, reaching a maximum of 2.37 wt pct C itz a Fe-2.6C-4.OSi alloy. This is the highest carbon conten1 reLaitled in austenite to date. These high-carbon aus-tenites can be partially tm?zsforttled lo tnartensile hy severe deformation in the temperature range of — 190 to -50°C. TECHNIQUES for splat quenching from the liquid state have been utilized in numerous recent investigations to produce metastable phases in a variety of alloy systems. Among the several ways of splat quenching, the shock-tube method appears to yield the highest cooling rates1-3, 7, 8 and was adopted here. Estimated cooling rates attained in the present experiments ranged from 10' to 10 80Cper sec.' As a part of a research program on interstitial al- loy phases, the Fe-C system was selected for splat-quenching studies. It was hoped that splat quenching would allow high metastable supersaturations of carbon to be retained in solution. Also of considerable interest were the conditions governing the occurrence of the various intermediate phases upon solidification. The alloys investigated included both binary Fe-C compositions as well as six ternary Fe-C-X alloy systems. The known phases in the Fe-C system are summarized in Table I.* Only the ferrite and graphite are ent investigation.14 and is described in detail herein Table II summarizes corresponding data on Fe-N phases, which are also of interest here because of their similarity to the Fe-C phases. EXPERIMENTAL PROCEDURES Alloys were prepared by melting the elements. 99.9 pct purity, in an inert gas nonconsumable electrode arc furnace. The buttons. weighing about 5 g. were remelted twice. were then fragmented. and their interior surfaces were examined for uniformity: if any doubt existed. they were remelted again. Chemical analyses were performed on all the alloys. the accuracy being about k0.05 wt pct. At high temperatures, carbon-containing alloys react with alumina crucibles as follows: If the atmosphere in the splat-quenching furnace does not contain sufficient carbon monoxide the alloy can be depleted of carbon and contaminated with aluminum. Calculations and experimental observations showed that 50 to 100 torr CO partial pressure effectively blocked the above reaction in all the alloys investigated. The splat-quenching equipment in Figs. 1 and 2 provides for evacuation and back-filling with CO-Ar mixtures. The furnace is capable of operation up to 1650°C. and the gettering action of the graphite heating element reduces the oxygen partial pressure in the furnace atmosphere to below 10-5 torr, thus preventing oxidation of the specimens.

Jan 1, 1970

Discussion of the paper of R. J. COLONY, presented at the New York Meeting, February, 1921, and issued With MINING AND METALLURGY No. 169, January, 1921. R. J. COLONY (author's reply to discussion).-The work of Sosman and Merwin on the system lime-ferric oxide, mentioned by Mr. Rankin, was not overlooked. When studying portland cements and portland-cement clinkers petrographically, however, the lime-iron compound was difficult to correlate with the very definite dicalcium ferrite described by those investigators, which possesses such well-defined optical properties. In portland cements, the calcium ferrite (or ferrate?) is an indefinite, fuzzy, and generally amorphous, or apparently amorphous substance that is distributed interstitially with respect to the other grains, from which it was very difficult to derive any satisfactory results. For this reason, the writer, tentatively, chose to regard it as related to the aluminate, and assigned to it the composition 3CaO.Fe203, which may be incorrect, however, as Mr. Rankin suggests.

Jan 8, 1921

By A P. Brown

Access arrangements required with landowners and occupiers; relaxation on size of permits; lack of confidentiality for information provided; one-stop shop under RMA, removal of standing; plethora of controls; post-closure; funding for long-term security.

Jan 1, 1997

By C J. Kruger, E le Roux

Anglo American Platinum has adopted a strategy of Best Practice Principles (BPP) for sampling, mass measurement, analysis and metal accounting for more than a decade now. When new plants are designed, the most suitable sampling equipment and sampling protocols are implemented and material flows and plant layouts are designed around sampling strategies. A few years ago, a crushing plant for a high-grade matte stream was commissioned.The design called for the high-grade material to be crushed to 95 per cent passing 2 mm and the design allowed for a single cutter primary Vezin sampler, increments taken from a gravity flowing stream at regular intervals, whilst filling a tanker for the pneumatic offload at our base metal refinery. This was a single point of sampling and analysis that would measure the wanted output from our smelting complex and the input to our refineries. In addition, the design incorporated the functionality to collect increments in an ‘interleaved’ fashion from the Vezin sampler for internal precision checks.The metal accounting strategy for Anglo Platinum is the ongoing measurement of all inputs, outputs and stock levels for all our operations for platinum group metal (PGM) and base metal (BM) content. Included are yearly stocktakes, usually done on 1 February every year, across the smelters and refineries (at least the base metal refinery). A trend was developing in the accounting period immediately following the introduction of the new crushing and sampling facility, whereby the absolute difference between the physical stock and theoretical stock (PGMs predominantly) increased for the two respective sites on an ongoing basis. The smelter (sender) showed an increase in physical stock compared to the theoretical stock and the base metal refinery (receiver) showed that their theoretical stock increased against their physical stock. Because of this anomaly, an additional stocktake was held in September for the period in question and it was confirmed through the physical stock measurement results, that the PGM accounting problem was indeed pointing towards the evaluation of the high-grade matte stream.This paper showcases parts of the process that took place to explain the poor accountabilities for the respective sites. Previous results from the sampler ratification process (of the interleaved sampling design) were analysed again, a physical inspection was carried out on the sampling system again and the sampler performance was monitored (quality control parameters) for the period.From these investigations, it was found that airflows present inside the Vezin introduced the sampling bias and a change in sampling protocol was introduced as well as physical changes to the sampling equipment were made to eliminate the airflow and thus the bias conditions significantly. The accounting period which followed, after a phased upgrading process, showed that the accounting between our smelter and base metal refinery had been restored to within statistical limits (difference between physical and theoretical stock below five per cent relative to theoretical stock).CITATION:Kruger, C J and le Roux, E, 2017. Pitfalls in Vezin sampling for finely crushed materials, in Proceedings Eighth World Conference on Sampling and Blending , pp 151–158 (The Australasian Institute of Mining and Metallurgy: Melbourne).

May 9, 2017

By L. M. Sekhukhune

The atmospheric leaching of copper-bearing matte by acidic ferric chloride solution was studied at the laboratory scale. The aim was to achieve maximum copper and nickel recovery by investigating the mechanisms of leaching, as well as identifying the effect of temperature, and concentration of ferric chloride and oxygen. Djurleite (Cu1.96S), hazelwoodite (Ni3S2), and Ni alloy were the primary phases detected in the matte. The quantitative composition of the matte was Cu 31%, Ni 50%, S 13%. Fe and Co constituted 2%, with platinum group metals (PGMs) accounting for 0.5%. A maximum nickel extraction of 98% was achieved using two-stage oxidative leaching at 90°C and 11 g/L Fe3+ as compared to 65% under non-oxidative conditions. A copper extraction of 99% was achieved in the first 45 minutes using two-stage non-oxidative leaching, and copper was recovered from solution by cementation. Three processes took place simultaneously throughout the leaching process, namely: dissolution, cementation/ metathesis, and oxidation. The leaching process was found to be diffusioncontrolled.

Jan 1, 2014

By James Scott

Outline Deposit Overview and Brief History ?Geologic Setting ?Local Geology ?Petrography ?Geochemistry ?Mineralization ?Geochronology ?Conclusions Deposit Overview ?Porphyry Cu-Mo-Au ?Discovered 1957 (BIK Syndicate) ?Various programs, most significant: ?Hecla(1970s) ?Teck(Late 1970s Early 1980s) ?Copper Fox Metals (2005 -Ongoing ?optioned from TeckComincoin 2002) ?Measured and Indicated Resources: ?847Mt grading: ?0.292% Cu ?0.019% Mo ?0.202g/t Au ?1.796g/t Ag ?Total ~ 0.485 % Cu Eq.

May 1, 2006

By Tiago Silva Costa

O processo que envolve soluções aquosas para remoção do metal de valor de uma grande massa de ganga, com um beneficiamento mínimo, é denominado Lixiviação. A especificidade do agente lixiviante empregado define a capacidade de tratar soluções com baixos teores do metal de interesse e o sucesso do processo. A lama da aciaria, recolhida no sistema de limpeza dos gases oriundos do convertedor LD, e a lama da eletrogalvanização, gerada após a neutralização da solução de zinco contaminada com ferro, são resíduos sólidos gerados nas usinas siderúrgicas com potencial de serem reutilizados ou reciclados. A fim de se remover o óxido de zinco presente nas lamas, amostras foram coletadas e preparadas para sofrerem o processo de lixiviação em escala laboratorial usando soluções de hidróxido de sódio (NaOH) e ácido sulfúrico (H2SO4). Os resultados obtidos nas análises mostraram que é possível remover óxido de zinco através da lixiviação das lamas.

Aug 16, 2017

By Nick Barton, Harald Hansteen

The deformations resulting from excavation of very large openings are compared using two-dimensional F.E. continuum analyses and discontinuous physical models (20,000 discrete blocks). Both the joint orientations and the model horizontal stress levels were varied. Some models were dynamically loaded to simulate earthquakes (0.2-0.7 g). Model deformations were recorded using photogrammetry. The changes in deformation when increasing the simulated spans from 20 m to 50 m were of particular interest. High horizontal stress caused surface heave when joint orientations were favourable for arch stability. Joint orientations also determined whether the pillars between parallel openings were in a state of compression or tension. INTRODUCTION The engineering performance of large rock caverns has traditionally been learned from mining and hydro power projects, where the depth below surface is often many times greater than the span of the openings. Deformations measured in the walls and roofs of hydro power caverns generally range from about 5-50 mm, though there is a documented case where a wall moved in 126 mm (1), and another where the arch moved down 147 mm (2). The chief objectives of the present studies of large near-surface openings were threefold: (i) to provide deformation data to compare with monitored data from planned engineering projects involving large span near-surface excavations, e.g. underground sports complexes, civil defense shelters, nuclear power stations,

Jan 1, 1979

By D. G. Krige

Discussion by D.G. Krige I read the paper "The jackknife approach" with interest. There appears to be a widespread misunderstanding of the kriging variance as a measure of the error variance of the kriged grade estimate of an ore block. Virtually all mineral deposits display skew frequency distributions and are subject to the well-known proportional effect. Thus, it is usual to find in an ore body, when subdivided a really into subpopulations, that the variances of the grades (or the total sills of the variograms) for the subpopulations will be correlated with the corresponding mean grades (usually linearly with the squares of the mean grades). Thus, the variogram will be station. When this feature is evident, the relative variograms for the subpopulations (i.e., with variogram values divided by the relevant mean squared) will be similar, or they could even be accepted at an averaged model for the whole ore body with stationarity. Using this approach, the kriging variance will reflect the relative error variance that is to be multiplied by the kriged block grade estimate squared to yield the usual kriging variance for purposes of confidential limits. The objection that the kriging variance does not take into account the local grades used for a block valuation then falls away. In the example given by the authors, the global mean grade is not recorded. But the global variance, taken at the value of the total sill, is 0.005, whereas the variance of the 11 values used in the example is 0.000152. The two variances differ by a factor of nearly six. If the relative variogram approach is applicable in this case, the need for a jackknife technique will fall away. Also note that, for skew distributions, the confidence limits for ore-block estimates will be skew as well, and symmetrical normal limits will not apply. RepIy by G.S. Adisoma and M.G. Hester There are a few interesting ways to utilize the block-by-block kriging variance that the authors have encountered. One of them is to classify a particular block into a proven-probable reserve or a possible-resource category, using a somewhat subjectively determined kriging variance value. Here, the kriging variance still represents the drilling density, i.e., data configuration more than the data values. Professor Krige mentions another ingenious approach through the use of relative variograms. This will yield a block kriging variance that takes into account local (block) grade, as he correctly points out, for purposes of confidence limits. However, we are more interested in quantifying the uncertainties associated with grade estimation in a much larger scale than a block. e.g., for a mining phase or the minable reserve. The jackknife, through the block kriging shortcut, provides a simple solution to obtain a single estimation variance for a general shape. The authors' main reference discusses different ways to handle skewed distributions typical in mineral resource estimation, e.g., the weighted jackknife approach or data transformation. Also, as with any technique, we can always improve our estimate by subdividing into smaller populations that are geologically and statistically separate domains. As we have mentioned; the jackknife is but a tool in our collection of tools to solve estimation problems. The jackknife's appeals are its simplicity and versatility. It is handy when no other solution is available, or when the available solution is not practical. It is used with other methods, not to replace them altogether. ?

Jan 1, 1997

Before presenting this address I desire to express my appreciation of the honour which has been conferred on me by my election as iPresident of The Australasian Institute of Mining and Metallurgy. At this stage it might not be out of place to recall that Broken Hill was the birthplace of The Australasian Institute of Mining and Metallurgy, originally formed as the Australasian Institute of Mining Engineers in 1893.In selecting for my address the topic of "The Broken Hill Mining Industry and its Contribution to the Economy of Australia" I realise it is impossible to cover fully every aspect of the nation's economy which owes all or part of its origin to the Broken Hill field. Nevertheless, I feel that some attempt should be made to give credit to the Broken Hill mining industry for its part in the progress which Australia has made over the past seventy years.. If we care to reflect for a moment it soon becomes apparent that, not only is the Broken Hill mining industry an important producer of base metals for domestic and overseas consumption, but its profits have provided the means whereby many of Australia's leading secondary industries have been established or built up. Examples which come to mind are the founding of the iron and steel industry by the Broken Hill Proprietary Company; the establishment of plants at Port Pirie in South Australia, and at Risdon in Tasmania, for the production of metallic lead and zinc; and also at Port Kembla for the smelting of copper ores. From profits derived from operations at Broken Hill, capital has also been provided to assist other new essential...

Jan 1, 1956

By Douglas B. Silver

"Editor’s note: Douglas B. Silver, Portfolio Manager, Orion Resource Partners, was the keynote speaker at the 2017 SME Annual Conference & Expo in Denver, CO on Feb. 19, 2017. He also gave the keynote address to the SME Annual Conference in 2008. The following is his 2017 keynote address with a few of the slides that were presented. The full speech is available on YouTube https://www.youtube. com/watch?v=uF0qwGJIX3UIn 2008, I had the privilege of giving SME’s keynote address. At that time the financial markets were on the verge of collapse and my presentation described the issues. Unfortunately I was correct, and global markets went into a steep nosedive, creating the largest economic downturn since the Great Depression.In hindsight, there were plenty of signs that this was coming. The Supercycle had created massive new wealth. This wealth was largely invested in the United States due to the country’s political stability and credit worthiness. In 2004, the large investment banks convinced the U.S. Securities Exchange Commission (SEC) to allow them to triple their borrowing leverage ratios. This made the banks more vulnerable to market volatility. The banks then lent money to NINJAS - people with no income, no job and no assets. Even worse was the fact that these unqualified home owners used adjusted-rate mortgages (ARMs) which they, of course, intended to refinance prior to interest rates rising. These mortgages were then bundled up by the banks and sold to investors as “safe” investment products. The money flowed into these products because the rating agencies gave these instruments high marks. These same agencies earned their fees from the very same banks seeking high ratings. (No conflict there). Private debt exploded and peaked out in 2008.These mortgage products were sold in an unregulated shadow banking system and the ARMs came due. Toxic mortgage default rates skyrocketed and the mortgage-backed securities collapsed in value. This house of cards had a negative feedback loop that accelerated the market crash and resulted in more than $1.5 trillion being lost in the securitization sector, a 47 percent decline in the Dow Jones Industrial Average, foreclosure rates skyrocketing and housing prices collapsing. The financial markets were in a nosedive."

Jan 8, 2017

Jan 1, 2000

By N. L. Piret

In copper smelting minimization of solid waste generation is receiving increased attention with more stringent environmental legislation and lower disposal space availability. Copper smelting slags generally being valorizable, solid waste generation is attributed to the presence in the feed of unvalorizable impurities which do not report to the slag and to the unavoidable formation of contaminated dilute acid solutions which need neutralization. As to unvalorizable impurities, solid waste minimization is achieved by rejecting them in the highest possible concentration. Dilute acid is mainly due to the formation of SO3 in the smelter gases and to the discard of decopperized bleed-off electrolyte. Its generation is substantially lowered by preventing SO3 formation, by converting the dilute acid to a valorizable product, e.g., by thermal decomposition for H2S04 recovery or by precipitation as chemical gypsum, and by suitable treatment of the bleed-off electrolyte for impurity removal. Industrial processes are evaluated and alternatives are discussed.

Jan 1, 1994