Search Documents

By R. Tipman

"In 25 years, processing of tar sand progressed from two small pilot plants to two major commercial operations owned by Syncrude and Suncor. These plants mine tar sand and extract the bitumen which is then converted into a synthetic crude oil. Considerable research on extraction of bitumen from tar sand has been undertaken by these two companies as well as other major oil producing companies, private individuals, universities and the federal and provincial governments. These studies have produced a number of alternate processing schemes which have yet to be commercialized. The producing companies are focusing their efforts on achieving increased processing efficiency, which includes improved bitumen recovery, reduced unit cost, energy conservation, and equipment reliability. In this review, the Syncrude process and examples of new process developments will be briefly described. IntroductionTwenty-five years ago, tar sand processing was limited to two pilot plants owned by Cities Service Athabasca Ltd., and Great Canadian Oil Sands. Earnest Manning was Premier of Alberta and was inviting proposals for the construction of a commercial tar sands plant. The invitations called for a much larger operation than those which had been undertaken in the past. All of the previous attempts at commercial operations up to 1960's had failed, largely because of a poor technical understanding of the process requirements, lack of suitable equipment, and lack of adequate capital. The previous record was not good. The pending new large scale plant was based on improved but not proven technology and equipment, which were developed from the pilot plant studies. In addition, the surplus of conventional oil in Alberta and low world oil prices were factors reducing the need for such a plant."

Jan 1, 1987

By J. Bélanger, B. Semlali, M. Grenon

RÉSUMÉ La conception des fosses ainsi que l'évaluation des ressources géologiques et des réserves minières sont désormais réalisées entièrement à l'aide d'outils informatiques spécialisés. Cependant, plusieurs analyses, pourtant essentielles à l'évaluation de la viabilité du projet, sont réalisées en parallèle sans véritable optimisation ni synergie avec l'ensemble des données disponibles. Cet article présente deux approches permettant d'intégrer certains types d'analyses aux modèles de blocs miniers. Ces approches permettent de quantifier la broyabilité du massif rocheux ainsi que d'étudier la stabilité des pentes minières à même les outils d'optimisation et de planification minières. Cette méthode permet dès l'étude de faisabilité d'un projet minier de maximiser les données disponibles, menant ainsi à une approche plus intégrée en conception minière. De plus, ces approches sont flexibles et permettent d'évaluer rapidement plusieurs scénarios, tout en laissant la possibilité de bonifier le modèle et de revoir la conception tout au long du projet minier.

Jan 1, 2010

By J. E. McMenamin, R. B. Hall

"With the emphasis in the past decade on larger and more efficient equipment for open-pit operations, the Normandie mine of the Asbestos Corporation has followed the trend, switching from the smaller type of percussion drills to down-the-hole rigs. One 5 Y2 -in. percussion drill is still in use, but is limited to a ""smooth blasting"" role or to the control of the slope on final benches.In keeping with the times, an attempt was made to eliminate, as much as possible, the use of high explosives and to maximize the percentage of ammonium nitrate -fuel oil mixture. As the concentration of ground water increased with increased mining depths, small pumps were initially employed for the dewatering of boreholes. This proved unsuccessful, and a hole-blowing rig was built and a conversion to plastic liners made. The acquisition of a bulk-mix AN-FO truck has permitted the changeover from an AN premix to an ammonium nitrate prill -fuel oil combination at the borehole."

Jan 1, 1966

By D. Nower

"The supply of copper is expected to be at a large deficit in 2012. To recover from these deficits mining companies are required to maximize production and there is no better way to accomplish this than to optimize the use of their mobile mining equipment fleets. To optimize these fleets, each equipment type has to be monitored in its own unique way. Automation would not only improve production, but also minimize the safety risks and eliminate planning errors. The automated vibration monitoring of multiple systems on the shovel can determine the machine’s condition at all times. This reduces unplanned downtime and keeps critical shovels in production. This paper will discuss the details of how shovels can be successfully monitored, continuously. INTRODUCTIONP&H Mining, part of Joy Global, is the world’s largest manufacturer of above-ground mining equipment. Its electric rope shovels, such as Figure 1, with capacities up to 115 tons (104.3 metric tons), are used for high production loading in surface mines; its draglines, such as Figure 2, have bucket capacities to 160 cubic yards (122 cubic meters). P&H also produces blasthole drills, mobile mining crushers and other essential mining equipment. Headquartered in Milwaukee, WI, the company does business on every continent, except Antarctica. ECONOMIC FACTORSDue to the global demands for metals and power, mines are required to operate at full capacity. Mine operations cannot afford any critical assets to shutdown unexpectedly; depending on the ore type and quality, downtime for a single shovel can be as much as $300,000 per hour.Electric rope shovels are one of the most critical assets in open pit mining. They are very large, complex machines with DC or AC motors, multiple reduction gearboxes (some of them complex planetary) and multiple large rolling element bearings. This complexity, combined with the tough 24/7 service, results in too much unplanned shovel downtime, which can affect the entire downstream process."

Jan 1, 2012

By C. G. Williams

This paper describes the planning, development and operation of the Highvale Mine to supply coal to both the existing Sundance and the approved Keephills thermal power plants of Calgary Power Ltd. Reference is also made to the company 's Whitewood Mine, which feeds the Wabamun thermal plant .

Jan 1, 1979

By M. A. Perras, M. S. Diederichs

"The Niagara Tunnel Project (NTP) is a 10.1 km long water-diversion tunnel in Niagara Falls, Ontario, which was excavated by a 14.4 m diameter tunnel boring machine. The excavated rock types included limestone, sandstone, siltstone, shale and mudstone. Based on observations and measurements the overbreak was divided into four zones. Approximately half the tunnel length was excavated through the Queenston Formation, which locally is a shale to mudstone. Three of the four overbreak zones were within the Queenston. Zone 1 includes the formations above the Queenston Formation, Zones 2 and 4 are border regimes with little or no influence from St. Davids Buried Gorge and Zone 3 is the area influenced by the gorge. Zones 2 through 4 can be generally summarized as having overbreak as the result of stress induced spalling. Zone 2 marks the transition from slabbing at the Whirlpool contact in the stress shadow to spalling towards Zone 3. The behaviour of Zone 3 is interrupted from the typical high stress behaviour due to the presence of St. Davids Buried Gorge. As the tunnel passed from the gorge the high regional stresses induce spalling, which creates the typical notch shaped overbreak geometry of Zone 4.Three modelling approaches were used to back analyze the brittle failure process at the NTP: damage initiation and spalling limit, laminated anisotropy modelling, and ubiquitous joint approaches. Analyses were conducted for three tunnel chainages: 3+000, 3+250, and 3+500 m because the overbreak depth increased from 2 to 4 m. All approaches produced similar overbreak geometries to those measured. The laminated anisotropy modelling approach was able to produce overbreak depths and chord closures closest to those measured, using a joint normal to shear stiffness ratio between 1 and 2. The back analysis results were able to produce sets of stress and strength inputs for different sections of the tunnel at the transition from overbreak Zone 3 to 4. The back analysis procedure demonstrates the importance of including the anisotropic stiffness in the numerical modelling approach to correctly capture the overbreak geometry and deformations around underground excavations."

Jan 1, 2015

By Catalin Florin Petre, Elahe Ghasemian Langeroudi, Abdelaaziz Azizi, Éric Proulx, Caroline Olsen, Paul Blatter, Faïçal Larachi, Claude Gagnon

"The recovery of gold from ores is often accompanied by the release of other species in the leach solution. This state of affairs leads to depleted free cyanide levels in the slurry. Therefore, separation and quantification of these cyanicides and free cyanide at different stages of the cyanidation process as well as in waste solutions is crucial to provide mitigation tools by preventing leaching of deleterious metals for environmental considerations.COREM and the research group of Prof. Larachi have been working together on the control of gold passivation and cyanicides during cyanidation for several years. Previously, a first capillary electrophoresis (CE) protocol for the speciation of sulfur and cyanicides (SCN-, Cu, Fe) during cyanidation of gold complex sulfide ores was developed and validated for assessing industrial process water.The separation of zinc cyanide complexes used to be confronted with a number of difficulties due to the weak and/or undetectable cyanocomplexes in formally available CE protocols. Moreover, according to our knowledge, no direct CE protocol exists to separate free cyanide. Therefore, a new study aimed at developing a second CE protocol for the detection and quantification of cyanide complexes of zinc and nickel as well as of free cyanide in the cyanidation process water.To achieve this goal, six common carrier electrolytes such as pyridine, trimellitic acid, 4-methylbenzylamine, sodium chromate, phthalic acid and tris base were studied, using an indirect UV detection method. The best results were obtained using sodium chromate for which all ions were successfully separated and quantified. In addition, the effect of electric field strength, injection volume, electro-osmotic flow (EOF) modifier and background electrolyte (BGE) concentration were examined, while peak height, peak area and noise were considered for optimization.As a result, the new protocol is expected to complete the initial CE protocol by detecting cyanide complexes of zinc and nickel as well as free cyanide. Moreover, analytical determination of free cyanide in the presence of weak cyanide complexes achieved by the new protocol was also compared to conventional titration using silver nitrate solution. This new CE protocol will contribute to applied research and help plants to better understand and eventually control the behaviour of cyanidation circuits."

Jan 1, 2011

By J. L. Dion

"A study of the techniques to integrally cast copper tubes in copper tuyeres for use in blast furnaces has been carried out. The work has been performed in support of current efforts to produce two-compartment tuyeres having improved water-cooling capacity. A test pattern corresponding to a vertical section of a two-compartment tuyere, and including a cast-in-place copper tube, was used to investigate such variables as tube preparation, tube coolant, pouring temperature, pouring rate and gating design. Successful castings, either with a good metalfurgical bond or good intimate contact between the tube and the casting, were produced, with all combinations of gating system and position of the tube tried. However, the pouring temperature, the pouring rate and the effectiveness of the coolant are interrelated and must be controlled to produce a good metallurgical bond.IntroductionAs part of its contribution to, and in collaboration with, the Copper Casting for the Steel Industry Committee, CANMET has undertaken research into the methods and techniques needed for the integral casting of copper tubes into high-conductivity copper castings.The objective was to produce two-compartment copper blast furnace tuyeres in which the water-cooled nose compartment consists of a copper tube metallurgically bonded to the wall of the high-conductivity copper casting. This design, developed in the UK, has demonstrated a much extended service life with attendant economies; unscheduled shutdown of blast furnaces due to tuyere failure is a significant problem in the steel industry. The Canadian steel industry believes that this design will replace the currently used single-compartment tuyere in blast furnaces within a few years.The technology to produce these tuyeres does not exist in Canada. One of the main features is the inclusion of a smooth-walled cooling channel in the nose, which permits high velocity cooling water to be employed. A second compartment acts as a reservoir backup, should failure in the nose occur. This would allow continued use of the tuyere for a period of time, permitting a scheduled shutdown for repair s. To assist the Canadian producers of tuyeres to maintain their market, and the Canadian steel industry to have a reliable domestic supply, it is important that the necessary technology for the production of two-compartment tuyeres be developed and transferred to industry."

Jan 1, 1982

By L. Voisin, K. Itagaki

In the reductive smelting of the copper concentrate like a blast furnace operation using coke as fuel and reductant or in processing the copper concentrate which contains coal in the bulk, a sulfur-deficient matte phase often coexists with an iron base alloy in the bottom of the smelting furnace. This alloy is generally called furnace residue or speiss when considerable amount of arsenic or antimony is contained in the alloy and in the extreme case of reducing condition the alloy is saturated with carbon. As a fundamental study to know the behavior of some precious metals such as silver, gold and platinum between the sulfur-deficient matte and the furnace residue or the speiss which are in equilibrium under reducing condition, the phase relations and distribution of precious elements in the Cu-Fe-S-As and Cu-Fe-S-Sb systems saturated with carbon were determined at 1473 K by a quenching method.

Jan 1, 2007

By A. S. Dawson

"IntroductionTHE PURPOSE of this paper is to describe the results of a preliminary investigation of a method thought to be useful in interpreting geological structures in un-metamorphosed sedimentary rocks. The writer is not aware of the method having been described or investigated previously, although no thorough search of the literature has been made.The method to •be described is based on the assumption that, in argillaceous sedimentary rocks, certain ceramic properties are diagnostic for certain beds within areas of variable limits.Two ceramic properties• have been investigated: pyrometric cone equivalent (P.C.E.), and bloating characteristics of shales. The enquiry has been directed toward testing the usefulness of these properties in determining the following:A -The correlation of shale beds and, by inference, of coal seams, sandstone beds, or other such structures associated with them.B.-The location of contacts between marine and non-marine shales where lithological, palaeontological, or other evidence is lacking.Limitations of time and facilities have prevented a thorough investigation of this problem. The results given in the present paper are preliminary only. It is hoped, however, that they will occasion discussion or even lead to more thorough investigation of the method by individuals or organizations.There are, admittedly, various limitations to the proposed method. It is thought to show some promise when used in conjunction with the well-known and established methods used in stratigraphic correlation and, more particularly, when the conventional methods are not applicable."

Jan 1, 1952

By T. P. Weldum, W. Conger

"These studies address the relationship between mill media sizing and its grinding efficiency. Starting with the results from a review of the literature, the issues of initial media sizing for a new ball milling circuit, and then optimal media sizing for an existing milling operation, were studied. The Functional Performance parameters “Mill Grinding Efficiency” and cumulative “Mill Grinding Rates” from both plant and test-scale equipment were used, and provide valuable new insight into this topic. A plant media sizing diagnostic tool is presented, as are newly developed testing equipment and evaluation methods, and recent case studies.REVIEW OF MEDIA SIZING LITERATURE For a plant metallurgist to answer the question “How can I maximize plant profit by manipulating this grinding circuit variable?” she must know what effect the variable has on grinding circuit efficiency. Despite the significant cost of grinding media and its potential effect on production capacity, the ‘best’ media sizing remains ill-defined for any given ball mill circuit in the industry today. The underlying reasons for this will be discussed. But the importance of this issue drove Metcom and its industrial partners to take on the challenge of how to engineer the ball charge for an existing grinding circuit. In the absence of any proven method, the first step was a review of the literature. Sponsored by Cleveland-Cliffs, Inc., a broad review of the literature was undertaken, producing “The Effect of Media Sizing on Ball Milling Efficiency” (McIvor, 1997). Among hundreds of publications that were reviewed that discuss the topics of media sizing or wear, forty-five were studied in detail. These were grouped into: plant experiences; laboratory and pilot plant investigations; media wear studies; population balance modeling studies; and general papers on ball milling which included the topic of media sizing. The reader is encouraged to refer to that review. The findings remain unchanged, although some relevant papers have been written since (e.g. Staples et al, 1997; Banasi et al, 1999; Orford et al, 2006; LaMarsh, 2015). The main findings of the review were as follows:"

Jan 1, 2018

By J. A. Allan

"The history of the development and application of controlled recirculation systems in U.K. collieries is traced and the theory behind such systems briefly examined. Specific applications for dealing with dust and dust/heat problems in headings, for which practical experience is currently available, are described. Consideration is given to the special features which these systems introduce in the underground situation and to the essential safeguards which are required for their safe use.IntroductionRecirculation of air is a commonly used technique in genera l ventilation and air conditioning practice, but has always been regarded with some suspicion for mining applications. This is perfectly understandable in view o f the hazardous conditions which can occur with dangerous forms of recirculation in mines. However, certain controlled recirculation techniques can offer advantages, particularly in the field s of dust and climate control in headings, provided that they are designed, Installed an d managed with full comprehension o f all aspects of the system and always bearing in mind that from the point of view of serious firedamp ignition risk, headings are potentially the most hazardous places in coal mines.BackgroundProbably the first recorded use of deliberate recirculation in British collieries was reported by Lawton in 1933. This researcher described trials, undertaken under the auspices of a national committee on ""The Control of Atmospheric Conditions in Hot and Deep Mines"", involving attempts to increase the velocity, and thereby the cooling power on hot faces, by means of simple recirculation systems using fans and ducts delivering recirculated air in the opposite direction to the normal face airflow. No significant cooling advantage was obtained and there is no subsequent record of this work being continued. During the discussion on this paper, there was considerable disbelief that fire damp percentages had not increased significantly when air was recirculated, but apparently no attempt was made to establish why this should be. It is of interest to note that J. Ivon Graham, one of the contributors, recommended that recirculation should be tried in stone headings for the control o f dust, as he believed that ""there may be scope for recirculation and filtration of the air under certain circumstances in such headings"". This idea was not developed for another forty years."

Jan 1, 1983

By K. C. Hendrick

The paper will review the significant developments in world copper over the past ten years and their impact on the Canadian industry. It will also examine the outlook for the future.

Jan 1, 1971

By C. A. Rowland

"Plant owners and operators, plant designers and grinding mill manufacturers are giving much attention to the design and manufacture of autogenous and semi-autogenous grinding mills, particularly the mills that have large diameters and draw power up to 10,000 hp and greater. Reliable designs giving long operating lives are required in today 's ore processing plants.This paper reviews bench-scale and pilot-plant testing to determine first if the ore is suitable .to be ground by these methods and then reviews the data obtained from pilot-plant testing that is used to select the mills and the grinding circuit. The paper then discusses the use of the pilot-plant results to design the mills. The most important pilot-plant data used for mill design are power and the amount of ball charge to be used. The mill size selected is a combination of these factors. Pilot-plant data not only establish power requirements, but can be used in the selection of the type of drive, variable speed or fixed speed, and the operating procedure to be followed. This leads into the mill control circuit to be used. The total charge in the mill, the type of drive and mill discharge arrangements are needed in the calculation of stresses and bearing loads. Conclusions reached from pilot-plant work are used to obtain data for process design, and autogenous and semiautogenous mill design should be part of any test program incorporating either or both of these grinding methods."

Jan 1, 1981

By David R. Skuse, Jacek A. Kostuch, Steven M. Fortier

"Particulate ground calcium carbonate (GCC) is used as a filler and coating pigment in a wide range of applications including papers, paints, plastics and films. In this paper we will overview the requirements for GCC used in both filling and coating applications in the paper industry and highlight the processes used in the production of these materials.INTRODUCTIONCalcium carbonate is both abundant and very widely distributed occurring most commonly as limestone, marble and chalk (Harben 2002). Given, the high purity, whiteness and relative inertness of these materials it is not surprising that they are heavily utilised in a range of industrial applications. Worldwide ground calcium carbonate (GCC) capacity is estimated at 50.5 million tonnes per year (Roskill, 2002). This usage is divided between relatively coarse materials that are used in applications such as landscaping, cultured marble and carpet backing and finer grades that find application in plastics, rubbers, inks, paints and paper. Given the usage of calcium carbonate products across a very wide range of consumer products, the outlook for GCC is very promising with growth expected in many markets. Growth is anticipated across many applications in the emerging nations and more specifically in paper applications on a global basis.Over the last several decades the GCC processing industry has evolved to be well adapted to both the cost effective production and delivery of standard products and the production of high performance speciality products. Many of the standard unit operations found in the metaliferous raw material processing industry are also used, albeit in some cases in modified form, in the processing of GCC. Coarse products (diameter > 3 - 10 µm) are typically produced by dry processing routes. Whereas, the finer products are typically produced by a combination of wet and dry processing."

Jan 1, 2004

By R. Lovat, J. A. Hunter

"The design, development, and verification of the Lovat 7.6metre diameter full-face tunnel-boring machine is reviewed. Programmatic and technical challenges are outlined with a review of the specifications and the design to meet these requirements. Subsystem designs are presented for the waste material removal, ventilation, cutter head, structural support, advance technique, water removal, and interfaces with the Donkin-Morien Mine. The techniques used to verify that the design meets the requirements is by testing in the Lovat factory and in the field. Certification of the machine for use in a methane environment is discussed.IntroductionStudies have concluded that the average annual worldwide tunnel construction is 500 kilometres at an estimated average co st of $3,400 U.S . per linear metre. The total market value of the tunnelling industry is estimated as approximately $1.7 billion U.S. per annum. Of this, the current market for tunnelboring machine excavation is approximately $270 million U.S. per annum worldwide with a further potential of $250 million if more contractors are convinced that Tunnel-Boring Machines (TBM) are more suitable than conventional techniques. The worldwide civil tunnelling market has the potential to double each year in the next 5 to 15 years. Growth has been identified in the energy and mineral resources sectors of the economies of many nations and a significant volume of machine tunnelling studies and trials are presently underway for the extraction of coal, uranium , heavy oil or oil sand fuels, metallic and non-metallic industrial minerals and base metal or rare earth ores. Further tunnel projects for regional transportation, waterpower, irrigation , high density urban transportation, storm water sewers and water supply purposes are continually being implemented with new concepts like military security facilities and underground storage schemes being considered.Lo vat Tunnel Equipment of Rexdale, Ontario, the only Canadian manufacturer of TBMs was incorporated in 1973 to manufacture so ft ground tunnel-boring machines to satisfy this growing market demand. Lovat has produced an average of 5 machines per annum during the period 1972 - 1982 and has established an international reputation for competitive costs, quality of construction, after-sales service, and reliability. As of June 1982 Lovat TBM's have been used to tunnel over 240 km in projects throughout the world."

Jan 1, 1984

By S. P. Narayan

The hot deformation behavior of Pure Mg and Mg-0.29Ce alloy were studied by isothermal hot compression tests in the temperature range of 250 - 500°C and strain rate range of 10-3 - 102 s-1 in a computer-controlled 50kN servo hydraulic universal testing machine (UTM). The results show that the flow stress of Mg pure and Mg-0.29Ce alloy increases with strain rate and decreases after a peak value, indicating dynamic recovery and recrystallization. Process efficiency was increased by nearly 10 to 12% by addition of Ce in Mg. Mg pure exhibits instability zones between 250-275°C at 10 ? 102 s-1 and 400¬500°C at 101 ? 102 s-1 temperatures and strain rates respectively, rest is the safe deformation zone. Wherein, Mg-0.29 Ce exhibits two low efficiency zones from 250 ? 300°C at 10-2? 10° s-1, 400 ? 500°C at 101 ? 102s-1 and high efficiency zone at 450 ? 500°C at 10-3? 10-1s-1. 4D process maps were generated for the above said alloys which illustrate contours of power dissipation and instability in the 3D space of strain rate, temperature and strain.

Jan 1, 2011

By B. Hart, D. J. Miller, J. T. Francis, M. C. Biesinger, Smart. R. St. C.

Diagnosis of the surface chemical factors playing a part in flotation separation of a valuable sulfide phase requires measurement of the hydrophobic and hydrophilic species that are statistically different between the concentrate and tail streams. Time of flight secondary ion mass spectrometry (ToF-SIMS) can be used to identify sufficient particles of a specific mineral phase for reliable statistics determining a mean value for each species with 95% confidence intervals (1). Using the region of interest (ROI) facility in the Tof-SIMS software, a mass spectrum from each particle, at 1-2 monolayer sensitivity, is recorded and stored. This analysis is reported for a chalcopyrite / pyrite / sphalerite mineral mixture conditioned at pH 9 for 20 minutes in order to study transfer of copper from chalcopyrite via solution to the other two mineral surfaces since this mechanism can be responsible for their inadvertent flotation in copper recovery. Analysis from mineral selection based on specific ToF-SIMS signals (eg. Pb, Zn, Cu, Fe, Fe/Cu) indicated no statistical difference in the copper intensities on pyrite and sphalerite after this conditioning. Principal component analysis (PCA) of the ToF-SIMS imaging data identifies combinations of factors strongly correlated (positively or negatively) in images or spectra from mass spectra recorded at each of 256x256 pixels in a selected area of particles. PCA is a better method of selecting minerals due to multi-variable recognition. It has clearly separated a statistical difference in copper intensities between the sphalerite and pyrite phases. The method has been extended to samples from an operating plant again with excellent phase recognition and diagnostic surface chemistry.

Jan 1, 2004

By K. Winterton, Carruthers. J.

"Attempts have been made to produce hardened structures of a pseudomorphic type in various carbon and alloy steels. In order to obtain martensite with a fine distribution of cementite, an initial structure of fine lamellar or nodular pearlite is required; this may be obtained by conventional means. This is followed by partial austenitization and quenching.Two methods have been tried to induce partial austenitization:(a) A resistance (direct current) heating method involving rapid entry into the austenite field.(b) A new method, described as the ""threshold"" technique, involving homogenization of temperature just below A 1, followed by entry into the austenite field; two furnaces are required.The resulting structures have been examined for microstructures, hardness, tensile, and impact values. The tensile properties are comparable with those obtainable by conventional treatment methods. Impact values are disappointing, but this is explainable from the nature of the manifold changes occurring."

Jan 1, 1960

In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned. A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view

Sep 1, 2004