• Title/Summary/Keyword: copper industry

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Valuation of Mining Investment Projects by the Real Option Approach - A Case Study of Uzbekistan's Copper Mining Industry - (실물옵션평가방법에 의한 광산투자의 가치평가 -우즈베키스탄 구리광산업의 사례연구를 중심으로-)

  • Makhkamov, Mumm Sh.;Kim, Dong-Hwan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.8 no.6
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    • pp.1634-1647
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    • 2007
  • "To invest or not to invest?" Most business leaders are frequently faced with this question on new and ongoing projects. The challenge lies in deciding what projects to choose, expand, contract, defer, or abandon. The project valuation tools used in this process are vital to making the right decisions. Traditional tools such as discounted cash flow (DCF)/net present value (NPV) assume a "fixed" path ahead, but real world projects face uncertainties, forcing us to change the path often. Comparing to other traditional valuation methods, the real options approach captures the flexibility inherent to investment decisions. The use of real options has gained wide acceptance among practitioners in a number of several industries during the last few decades. Even though the options are present in all types of business decisions, it is still not considered as a proper method of valuation in some industries. Mining has been comparably slow to adopt new valuation techniques over the years. The reason fur this is not entirely clear. One possible reason is the level and types of risks in mining. Not only are these risks high, but they are also more numerous and involve natural risks compared with other industries. That is why the purpose of this study is to deal with a more practical approach to project valuation, known as real options analysis in mining industry. This paper provides a case study approach to the copper mining industry using a real options analysis. It shows how companies can minimize investment risks, exercise flexibility in decision making and maximize returns.

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Fabrication and Characteristics of Shielding Effects for the Complex Conductive Filler (복합 전도성 필러의 제작과 전자파 차폐 특성)

  • Park, Ju-Tae;Park, Jae-Sung;Do, Young-Soo
    • 전자공학회논문지 IE
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    • v.43 no.4
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    • pp.122-127
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    • 2006
  • A series of conductive filler were prepared with electroless plating method. Base conductive materials of the filler were nickel and copper. The cores were prepared with Nylon 6 and rayon in different aspect ratio. Also, various complexes were made with ABS resin and conductive filler with different filler feed ratio. The conductivity of the filler was measured with conductivity analyzer and the size distributions of fillers was measured with laser particle size analyzer. Electromagnetic wave shielding efficiency of each complex film was measured with flange circular coaxial transmission line sample holder within the 1MHz$\sim$1GHz bandwidth range. From this study, the conductivity of filers surpass that of other carbon films. It is available that the filler made of fibrous materials can be applied in plastic molding industry of electric appliances as a EMI filler.

Thermal displacement minimization of an oxide target for bonding process by finite element analysis and optimal design (유한요소해석과 최적설계 기법을 활용한 증착용 산화물타겟 접합공정에서의 열 변형 최소화 연구)

  • Cha, Hanyoung;Chung, Chan-Yeup
    • Journal of the Korean Crystal Growth and Crystal Technology
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    • v.30 no.5
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    • pp.208-213
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    • 2020
  • In this research, design optimization was investigated using the finite element analysis and the optimal design technique based on the PQRSM algorithm to minimize the thermal deformation of IGZO oxide in a target module in which IGZO oxide and a copper backplate are bonded to each other. In order to apply the optimal design technique in conjunction with finite element analysis, the x-coordinate of lower supports and upper fixed boards used as design valuables, and the optimal design was performed to minimize the thermal displacement of IGZO materials as the objective function. After the optimization process, the thermal displacement within IGZO oxide could be reduced to 42 % comparing with the initial model. The result is thought to be useful in the industry as it can reduce the thermal deformation of target oxides materials only by changing the position of the subsidiary materials during the bonding process.

Development of Adsorbents for Removal of Hydrogen Sulfide and Ammonia Using Carbon Black from Pyrolysis of Waste Tires (폐타이어 열분해에 의한 카본블랙을 이용한 황화수소와 암모니아 제거를 위한 흡착제 개발)

  • Seo, Yang-Gon;Kim, Chang-Joon;Kim, Dae Hyeok
    • Clean Technology
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    • v.21 no.2
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    • pp.108-116
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    • 2015
  • Hydrogen sulfide and ammonia are one of the common malodorous compounds that can be found in emissions from many sewages treatment plants and industrial plants. Therefore, removing these harmful gases from emissions is of significance in both life and industry because they can cause health problems to human and detrimental effects on the catalysts. In this work, pyrolytic carbon blacks from waste tires were used to develop adsorbent with good adsorption capacity for removal of hydrogen and ammonia. Pellet-type adsorbents were prepared by a mixture of carbon black, metal oxide and sodium hydroxide or hydrochloric acid, and their adsorption capacities were estimated by using breakthrough curve of a continuous fixed bed adsorption column at ambient condition. The adsorbent manufactured with a mixture of carbon black, iron oxide(III) and sodium hydroxide showed the maximum working capacity of hydrogen sulfide. For ammonia, maximum working capacity was obtained by the adsorbent manufactured with a mixture of carbon black, copper oxide(II) and hydrochloric acid.

Molecular Cloning and Expression of a Laccase from Ganoderma lucidum, and Its Antioxidative Properties

  • Joo, Seong Soo;Ryu, In Wang;Park, Ji-Kook;Yoo, Yeong Min;Lee, Dong-Hyun;Hwang, Kwang Woo;Choi, Hyoung-Tae;Lim, Chang-Jin;Lee, Do Ik;Kim, Kyunghoon
    • Molecules and Cells
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    • v.25 no.1
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    • pp.112-118
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    • 2008
  • Laccases are multicopper-containing oxidases that catalyze the oxidation of many aromatic compounds with concomitant reduction of oxygen to water. Interest in this enzyme has arisen in many fields of industry, including detoxification, wine stabilization, paper processing, and enzymatic conversion of chemical intermediates. In this study, we cloned a laccase gene (GLlac1) from the white-rot fungus Ganoderma lucidum. The cloned gene consists of 4,357 bp, with its coding region interrupted by nine introns, and the upstream region has putative CAAT and TATA boxes as well as several metal responsive elements (MREs). We also cloned a full-length cDNA of GLlac1, which contains an uninterrupted open reading frame (ORF) of 1,560 bp coding for 520 amino acids with a putative 21-residue signal sequence. The DNA and deduced amino acid sequences of GLlac1 were similar but not identical to those of other fungal laccases. GLlac1 was released from the cells when expressed in P. pastoris, and had high laccase activity. In addition, GLlac1 conferred antioxidative protection from protein degradation, and thus may be useful in bio-medical applications.

Characterization of Urease-Producing Bacteria Isolated from Heavy Metal Contaminated Mine Soil

  • Park, Min-Jeong;Yoon, Min-Ho;Nam, In-Hyun
    • Korean Journal of Soil Science and Fertilizer
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    • v.47 no.6
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    • pp.391-397
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    • 2014
  • Acid mine drainage occurrence is a serious environmental problem by mining industry; it usually contain high levels of metal ions, such as iron, copper, zinc, aluminum, and manganese, as well as metalloids of which arsenic is generally of greatest concern. It causes mine impacted soil pollution with mining and smelting activities, fossil fuel combustion, and waste disposal. In the present study, three bacterial strains capable of producing urease were isolated by selective enrichment of heavy metal contaminated soils from a minei-mpacted area. All isolated bacterial strains were identified Sporosarcina pasteurii with more than 98% of similarity, therefore they were named Sporosarcina sp. KM-01, KM-07, and KM-12. The heavy metals detected from the collected mine soils containing bacterial isolates as Mn ($170.50mg\;kg^{-1}$), As ($114.05mg\;kg^{-1}$), Zn ($92.07mg\;kg^{-1}$), Cu ($62.44mg\;kg^{-1}$), and Pb ($40.29mg\;kg^{-1}$). The KM-01, KM-07, and KM-12 strains were shown to be able to precipitate calcium carbonate using urea as a energy source that was amended with calcium chloride. SEM-EDS analyses showed that calcium carbonate was successfully produced and increased with time. To confirm the calcium carbonate precipitation ability, urease activity and precipitate weight were also measured and compared. These results demonstrate that all isolated bacterial strains could potentially be used in the bioremediation of acidic soil contaminated by heavy metals by mining activity.

Improved Conductivities of SWCNT Transparent Conducting Films on PET by Spontaneous Reduction

  • Min, Hyeong-Seop;Kim, Sang-Sik;Lee, Jeon-Guk
    • Proceedings of the Materials Research Society of Korea Conference
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    • 2011.10a
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    • pp.43.2-43.2
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    • 2011
  • Single-walled carbon nanotubes (SWCNT) are transparent in the visible and show conductivity comparable to copper, and are environmentally stable. SWCNT films have high flexibility, conductivity and transparency approaching that indium tin oxide (ITO), and can be prepared inexpensively without vacuum equipment. Transparent conducting Films (TCF) of SWCNTs has the potential to replace conventional transparent conducting oxides (TCO, e.g. ITO) in a wide variety of optoelectronic devices, energy conversion and photovoltaic industry. However, the sheet resistance of SWCNT films is still higher than ITO films. A decreased in the resistivity of SWCNT-TCFs would be beneficial for such an application. We fabricated SWCNT sheet with $KAuBr_4$ on PET substrate. Arc-discharge SWCNTs were dispersed in deionized water by adding sodum dodecyl sulfate (SDS) as surfactant and sonicated, followed by the centrifugation. The dispersed SWCNT was spray-coated on PET substrate and dried on a hotplate at $100^{\circ}C$. When the spray process was terminated, the TCF was immersed into deionized water to remove the surfactant and then it was dried on hotplate. The TCF film was then treated with AuBr4-, rinsed with deionized water and dried. The surface morphology of TCF was characterized by field emission scanning electron microscopy. The sheet resistance and optical transmission properties of the TCF were measured with a four-point probe method and a UV-visible spectrometry, respectively. $HNO_3$ treated SWCNT films with Au nano-particles have the lowest 61 ${\Omega}$/< sheet resistance in the 80% transmittance. Sheet resistance was decreased due to the increase of the hole concentration at the washed SWCNT surface by p-type doping of $AuBr_4{^-}$.

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The Evaluation of the Characteristics of Electromagnetic Waves on CFRTP for Multimedia Instrument Applications (Multimedia 기기에의 적용을 위한 CFRTP에 대한 전자파 특성의 평가)

  • ;Ri-ichi Murakami
    • The Journal of Korean Institute of Electromagnetic Engineering and Science
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    • v.8 no.3
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    • pp.254-263
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    • 1997
  • As the communication and electronic industry develops, it is important to study the electromagnetic shielding effectiveness (SE) of carbon fiber (CF) reinforced thermal plastics (CFRTP) against the electromagnetic (EM) radiation. In this paper the shielding effectiveness of CFRTP was measured experimentally in an electromagnetic shielding room. The resin ma- terials used were PC, PP, PEI, PMMA and PA. Experiments were carried out by using a copper box and a monopole antenna with a spectrum analyzer. From the experimental results it was found that CF was a good candidate as an electromagnetic shielding material. The sheilding effectiveness was found to be increased in the composite as the number of laminated layers of CF was increased. As the minor damage increased, the SE increased due to increasing of the plane density, transmitting thickness and reflected angle of the CF. Other characteristics of the SE depended on the material used for the resin matrix, distance of the antennas and the noise frequency band.

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Evaluation of the Corrosion Resistance of Steel Coated with Zinc Using a Cr-free Coating Solution as a Function of Heat Treatment Time (Cr-free 코팅액에 의한 아연도금강판의 건조시간에 따른 내식특성)

  • Seo, Hyun-Soo;Moon, Hee-Joon;Kim, Jong-Soon;Ahn, Seok-Hwan;Moon, Chang-Kwon;Nam, Ki-Woo
    • Journal of Ocean Engineering and Technology
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    • v.24 no.5
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    • pp.67-74
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    • 2010
  • Chromate conversion coating is a coating technique used to passivate aluminum, zinc, cadmium, copper, silver, magnesium, tin, and their alloys to slow corrosion. The process uses various toxic chromium compounds, which may include hexavalent chromium. The industry is developing less toxic alternatives in order to comply with substance restriction legislation, such as RoHS. One alternative is to develop a Cr-free coating solution. In this study, eco-friendly, Cr-free solutions (urethane solution S-700, organic/inorganic solution with Si LRO-317) were used. Test specimens were dried in a drying oven at $190^{\circ}C$ for 3, 5, 7, and 9 minutes. Corrosion resistance was evaluated using a salt spray test for 72 hours. The results show that the optimum corrosion resistance was achieved at $190^{\circ}C$ for five minutes for EGI and three or five minutes for HDGI, respectively. The adhesive properties of the two types of coating solutions were superior regardless of drying time.

Estimation of Safe Maximum Levels of Vitamins and Minerals to Foods (비타민 무기질 임의영양강화 최대허용수준 추정)

  • Chung, Hae-Rang;Oh, Se-Young
    • Journal of Nutrition and Health
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    • v.39 no.7
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    • pp.692-698
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    • 2006
  • The voluntary addition of vitamins and minerals to the appropriate foods may help reduce the risks associated with low intakes of these micronutrients, yet the potential of excessive intake, particularly for persons consuming very large amount of foods needs to be addressed. Using the Flynn's model to estimate the level of each vitamins and minerals that can be added safely to foods, maximum levels of fortification to conventional foods per 100 kcal portion were estimated. Critical factors in the Flynn's model included tolerable upper intake level (UL), each micronutrient intake at the $95^{th}$ percentile, the proportion of fortified foods in the diets of individuals, the proportion of foods to which micronutrients could be practically added, and a range of estimates for fractions of foods which might be actually fortified in each nutrient. Food vehicles included all foods except for fresh foods and alcoholic beverages, in general. With fortification of 50% of all potentially fortifiable foods, micrornutrients could be added safely to foods at levels per 100 kcal 1) > 100% Recommended Intake (RI) for vitamin $B_12$, 2) 1,200% RI for vitamin $B_1$ and niacin, 3) 1,000% $B_1$ for vitamins $B_2$ and $B_6$, 4) 400% RI for vitamin E, 5) 30% RI for calcium, 6) 20% RI for folic acid, iron and zinc, 7) 10% RI for manganese, 8) no fortification for magnesium, phosphorous and vitamin A, and 8) further consideration of vitamin D, copper and selenium due to insufficient evidence. Results of this study suggests a wide range of vitamins and minerals that can be added safely to foods in current diets of Koreans.