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By Vinicius Alves Gomes, Jean Igor Margem, Thallis Cordeiro, Frederico Muylaert Margem, Roberto Faria Jr., Sergio Neves Monteiro, Marina Rangel Margem

Natural fibers are attracting the interest of engineering sectors owing to specific advantages such as lightweight and lower cost as well as for their inherent condition of being renewable, biodegradable, recyclable and neutral with respect to CO2 emission. In particular, the fiber extracted from the malva plant stem is nowadays recognized as one of the strongest lignocellulosic fibers. However, the thermal properties of the malva fibers have yet not been fully investigated. The present work had as its objective to investigate, by photoacoustic spectroscopy and photothermal techniques the thermal properties of diffusivity, specific heat capacity and conductivity of a pressed malva fibers sample. The results revealed that these fibers showed a superior thermal insulation capacity.

Jan 1, 2015

By Yues Bertube

Molybdenite and chalcopyrite are two often-associated minerals. In Quebec, the Gaspe Copper Company, a subsidiary of the Noranda group, currently operates a molybdenite flotation circuit to recover a one percent trace of this mineral in the chalcopyrite concentrate. The low levels of molybdeni 2 preclude the use of flotation to remove molybdenum directly from the ore while scavenging of chalcopyrite concentrate for molybdenite yields a concentrate of the latter of somewhat inadequate quality. Such a situation could possibly best be solved by hydrometallurgical means, if molybdenite could be leached selectively from the chalcopyrite concentrate. Work in the field of extractive metallurgy was initiated about 22 years ago in the laboratory of the department of mining and metallurgy at Laval University, Quebec. Following a literature search, two objectives were selected. The present talk will outline some of the results obtained to-date and it is hoped the ensuing discussion of the paper can raise questions of immediate assistance to us for the future. First, as an immediate objective of-practical use, the oxidation rates for molybdenite and chalcopyrite in alkaline media would be studied under conditions of possible industrial application. Secondly, the kinetics of mass transfer of gases in pressure reactor are to be studied. Solubility data for various gases in aqueous solutions have been gathered by a few investigators, to mention the work of Pray1, Wadsworth2, Pawlek3 and Gerlach. Scattering in experimental results and discrepancies between authors are ominously present. Kinetics of mass transfer have somewhat been more neglected. A systematic investigation by the school of Berlin has greatly helped in the design of impeller most suitable for gas dispersion, without much reference however to the solid dispersing ability of the various designs. Variables affecting rates of gas transfer to the solution have not been studied. Studies on the aqueous oxidation of sulfide minerals are much more numerous. While molybdenite has been relatively less studied, work has been carried in two areas namely in alkaline oxidation of MoS2 , work performed by Dresher2 and Wadsworth, and in the hypochlorite leach of molybdenite by Bhappu4 and co-workers, These two methods showed appreciable rates of leaching for molybdenite. In general, comparisons between rates of oxidation of this sulfide with that for chalcopyrite have not been made.

Jan 1, 1972

By V. van der Merwe, C. W. Siyasiya

"A petrochemical company experiences premature thermal fatigue failure of the casting moulds used in catalyst production. The aim of the project was to find an alternative alloy that would outperform the current low-alloy cast steel used for the moulds. Based on their thermo-fatigue properties, 3CR12 ferritic stainless steel and H11 tool steel were chosen for testing and comparison with the currently used BS3100 B7 cast steel. Samples of each material were subjected to temperature cycling in a Gleeble 1500TM thermo-mechanical processing simulator, followed by surface analyses. The main parameters derived from the test work were the total true strain, the hot strength of the materials, and the number of cycles to failure. Additionally, the coefficient of thermal expansion for each material was measured using a Bähr dilatometer. H11 tool steel yielded the best performance by way of having the fewest surface cracks, the lowest total true strain per cycle, the most cycles to failure, the highest hot strength, and the lowest coefficient of thermal expansion.IntroductionThe Catalyst Manufacturing Plant (CMP) is a dusty environment with temperatures higher than ambient. Molten mill scale (magnetite, Fe3O4) is tapped from the electric arc furnace into the casting moulds at temperatures close to 1600°C. After 10 seconds the magnetite is quenched with a water spray for 50 seconds to a minimum temperature of 400°C. Sometimes there is residual water in the pans from the cooling fog process (water sprays) in the empty mould. In a typical plant, the factory produces 40–44 batches a day containing between 150–300 moulds, depending on the time required for the specific batch (Buchholz, 2014). The typical batch in the CMP usually weighs about 6 t. The thickness of the tap, speed of the casting belt, and tilting angle all affect the number of moulds per batch.One of the main problems faced during the molten mill scale casting is the premature failure of the casting moulds. Cracks initiate on the surface of the mould, which is in contact with the hot catalyst, and propagate into the interior of the mould. Cracks are generally concentrated in the middle area of the mould where the catalyst makes first contact with the mould, and which experiences the highest temperature fluctuations. This suggests that the cracks are caused by thermal fatigue during the casting process."

Jan 1, 2016

By A Roshal

It is anticipated that many future uranium mines in Australia will be using the in situ leaching mining process. It is fair to say that close to one third of uranium production will be generated by this method, whilst the other two thirds will fall on the uranium generated from hard rock mining and other mining methods, such as traditional open cut mining. For other types of deposits the in situ leaching mining method will remain the best technological, commercial and environmental alternative. It is important to identify and prevent all risks involved in uranium mining. The expertise in this subject is limited. Over the years there was only one mine using the in situ leaching process for uranium extraction in Australia. Computer simulation of propagation of leachate during and after the uranium in situ leaching is a crucial factor, not only for addressing the environmental concerns, but also for the most efficient recovery of the deposit. The decontamination can be modelled for a period of up to 100 years, with the acid neutralisation forecast for a period of up to 400 years. The results of the modelling are paramount for definition of the reserves, efficiency of the mining method and the environmental impact statement. The accuracy of the hydrogeological modelling and carefully selected environmental management program enables a mining company to quantify and minimise the impact of the mining activities on the regional aquifer and to prevent environmental disasters. In the study, the completed hydrogeological model allowed the client, the authorities and the community to make an informed decision about the environmental impact of the in situ leaching of uranium. In particular, the model proved that neither during the mining, nor during the neutralisation the toxic elements would interact with the local catchment area.

Jan 1, 2008

By B J. Wight, R Mackay, S Kim

Improving the understanding of the processes governing ground movements in and around brown coal open cuts is of significant interest for both operating stability and rehabilitation. Brown coal, lignite, is a low-rank coal that is best described as a soft rock, with geotechnical characteristics that derive from its organic origin. It is well-known that low-rank coals exhibit creep behaviour; however, little has been reported on the impacts of chemical processes on brown coal creep behaviour even though organic substances are susceptible to chemical alterations and mining processes will contribute to changes to the geochemical environment; around most mines, groundwater flow patterns are altered leading to enhanced surface water infiltration. Here we study the deformation behaviour of brown coal in response to ion exchange reaction. Our experimental results show that for different ion exchange conditions different characteristics of secondary compression are observed. With the addition of Ca2+, the ratio between coefficients of secondary and primary compression (Ca /Cc) initially decreased, presenting a minimum value at the concentration of 0.005?M, then increased significantly. This implies the importance of ion exchange process for the long-term deformation of brown coal. On the other hand, increasing Na+ concentration did not affect Ca /Cc values significantly over all tested concentrations. The suppression of diffuse double layer was still observed for Na+-treated samples as increasing Na+ concentration decreases Ca values. From a practical perspective, this study did not consider the tertiary creep behaviour and eventual creep failure.CITATION:Kim, S, Mackay, R and Wight, B J, 2014. Creep due to chemical alteration of rocks – a case study in brown coal, in Proceedings AusRock 2014: Third Australasian Ground Control in Mining Conference , pp 61–64 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Nov 5, 2014

By Pekka Hanniala

The Outokumpu Flash Smelting process today is the most feasible method for copper matte smelting. The economic feasibility of the process has always been one of the main decision making criteria in smelter projects. Thus, today about 50 % of the world primary copper production utilizes Outokumpu Flash Smelting Technology. However, in the future, environmental criteria will have stronger and stronger impact on decision making. Flash Smelting technology offers the best pollution control features of any process. today. It is foreseen that, in the near future, the global trend will be that all the smelters must decrease their emissions at an accelerating rate, compelling the smelters to make increasingly larger investments on environmental protection. In most of smelters ?today, Peirce-Smith converting and transfer of the molten material in ladles are the number one pollution source. The key today for copper converting and minimizing emissions is the Kennecott-Outokumpu Flash Converting process, which has proven to be the most effective converting method in terms of pollution control and, production efficiency including capital and operational costs. Outokumpu Flash Smelting technology is applicable also for small to medium scale smelters but the most interesting area is the upper capacity limit for smelting in one line, which has not yet been reached. We predict that by the year 2000 to 2005, there will be at least one smelter which produces 500,000 tonnes of Cu per year based on one Flash Smelting and Flash. Converting unit. The current state-of-the-art of the Outokumpu Flash Smelting - Flash Converting process is presented in this paper as well as some new options for copper production to be utilized in the near future but which are available already today.

Jan 1, 1998

By José Luis Lee Moreno

This paper presents a preliminary phase of a study being conducted by the Department of Geochemistry of the Consejo de Recursos Naturales No Renovables in the vicinity of the Pachuca-Real del Monte Mining District. This district is located in central Mexico, about 100 km northeast of Mexico City. It has been in operation for the past 450 years and has produced about 38 million kg of silver and about 190 thousand kg of gold. At the present it is being worked by the state owned mining company of Real del Monte and Pachuca. The rocks of the area consist mainly of Tertiary volcanics, ranging in age from early Oligocene to late Pliocene. Ore bodies are recognized as epithermal, vein type fracture fillings. The main ore minerals are argentite and acanthite normally accompanied by base metal sulphides, Gold is present in small amounts as native gold and in other minerals. Orientation geochemical studies performed on soil and rocks over known veins in the district, showed zinc to be the best indicator. Lead and silver anomalies are restricted to the immediate vicinity of the veins, mercury shows the mineralized structures only when the "C" horizon is sampled, while antimony gave erratic values. The El Chico area is about 10 km north of the Pachuca-Real del Monte district and covers approximately 400 sq km. Geological evidence indicated the possibility of an extension of the Pachuca ore bodies in this area. Results obtained from soil and rock samples from El Chico, showed several anomalous area. Detailed investigations proved these anomalies to be related to faults and fractures which in several cases have been found to be mineralized. Drilling is planned with preliminary results expected by late 1974.

Jan 1, 1974

By Joseph A. Holmes

(Pittsburg Meeting, March, 1910.) AT the Mining Experiment Station of the U. S. Geological Survey, in Pittsburg, an investigation of the process of combustion is being carried on in a specially-designed furnace having an unusually long combustion-chamber. This work is conducted by a committee consisting of H. Kreisinger, mechanical engineer; Dr. J. C. W. Frazer, chemist; and Dr. J. K. Clement, physicist. The problem, essentially one of physical chemistry, is extremely interesting to all who are concerned in the burning of coal or the construction of furnaces. The main object of these experiments is to ascertain the relation between the amount of the volatile combustible driven from the coal and the combustion-spaces necessary to burn it completely. Our best steam-coals vary from 15 to 45 per cent. of fixed combustible. The greater part of the latter is burned on the grate; but the volatile combustible leaves the freshly-charged coal and must be burned in the combustion-space. If this space is not large enough, the volatile combustible will leave the furnace only partly burned, and the result will be a considerable heat-loss and a smoky stack. Strictly speaking, the factor which determines the completeness of combustion of the volatile matter, after it has been mixed with a certain amount of air, is the length of time the mixture is allowed to remain in the combustion-space; but this length of time depends on the extent of the space itself. Let us suppose, for instance, that, when a given coal is burned at a certain standard rate, the volume of the volatile combustible driven off per second is 10 cu. ft. Adding, say, 10 cu. ft. of air, the volume of the resulting burning mixture is increased to 20 cu. ft. If the combustion-space is 20 cu. ft., the burning mixture will stay in it,

May 1, 1910

By Richard E. Thill

The Bureau of Mines' Oil Shale Data- Bank (OSDB) was created in 1976 to serve as a centralized source for the storage, retrieval, and dissemination of technical literature, patents, and information on research projects in oil shale. Thousands of bibliographic references, patents, and research projects relating to the mining of oil shale have been identified, abstracted, and indexed according to selected keyword topics. The resulting data bank listings are contained in three sections, each with a separate keyword breakdown for use in rapidly identifying references pertaining to a specific subject. All references cited in the OSDB were published prior to an established cut-off date of May 1, 1981, when a redirection of Bureau of Mines programs resulted in the loss of project funds and the subsequent phasing-out of data bank operations. ACKNOWLEDGMENTS The oil shale data bank listings are the result of a team effort of the project staff. The contributions of Jimaleen Jansma for keypunching, information acquisition, and data entry, and John Brandenburg and Sandra Brake for keywording and information acquisition are gratefully acknowledged. Appreciation is expressed to the staff members of the Smithsonian Science Information Exchange, Washington D.C. for their cooperation in supplying data on recent research projects in oil shale for inclusion in the OSDB listings. Appreciation is extended also to the staff of the Gallegos Research Group for assisting with computer services to obtain the final printouts and transfer of files onto magnetic tape.

Jan 1, 1982

By Tsuyoshi Hirajima, Hideyuki Okamoto, Himawan .. T. B. M. Petrus, Keiko Sasaki

"Flotation of arseno bearing minerals from their copper ore has been an interest due to the increasing awareness on protecting the environment by minimizing the possibility of exposed arsenic compound. Some approaches have been proposed, but the mechanisms of separations have not yet fully understood. In this study, oxidation using oxygen was applied. Instead of the complex copper ore flotation results, pure single mineral of tennantite and chalcopyrite foatability was conducted using Hallimond tube. Resembled with the flotation results of copper concentrate containing tennantite, the separation possessed the best result at alkaline condition (pH 11) at where the arsenic content was reduced from 3300 ppm to 1800 ppm. In order to be able to understand the mechanism of the separation atomic force microscope (AFM) was utilized. AFM images showed changes in morphology and behavior when minerals were treated in both acid and alkaline condition. It was found that the morphological change showed the reaction products representing the rate of reactivity of tennantite and chalcopyrite. From the measured force of adhesion, it can be observed that in alkaline condition the surface of both minerals is more hydrophilic than that in acidic condition possessing higher value. This is in accordance with the X-ray photoelectron spectroscopy (XPS) spectra in which hydroxide moieties occupied the mineral surface in alkaline condition while elemental sulfur is in acidic condition."

Jan 1, 2014

By L. Gao, X. Gui

Fine coal obtained from Kailuan mine served as the processing object of this study. This material was difficult to separate. A flotation rate experiment was designed to investigate the process distribution characteristics of size and density during fine coal flotation. Size and density analyses of five clean were studied. The mineral morphology of flotation rate experiment cleaning was observed through scanning electron microscopy. The fractions -0.074+0.045 mm and -0.045 mm exhibited the best practical floatability and presented the highest combustible body recovery rates, but the selectivity and natural floatability of these two fractions were the worst. The - 0.074 mm fraction has contaminated the clean coal from the early stage of flotation, and the cumulative clean coal ash of -0.074 mm reached up to 17.20%. The low and middle-density classes displayed varying flotation behavior, but the flotation yield difference was only nearly 3%. The middle-density class caused the clean coal to have high ash content. The poor selectivity of fine coals, middle-density fraction, and fine mud resulted in high-ash clean coals during flotation. Thus, improving the selectivity of fine coal, restraining the flotation of fine mud, and grinding the coal to decrease the middle density mass fraction to liberate clean coals can yield high-quality clean coals through flotation.

Jan 1, 2014

By Marcelo Rebellato, Beatriz Pereda, Beatriz Lopez, Pello Uranga

The classical application of Nb microalloying in the development of thermomechanical processes for flat products has been related to its suitability to enhance strain-induced precipitation and get a pancaked austenite prior to transformation. As new steel grades or new lay-outs are being developed, more complex metallurgical conditions need to be evaluated. In this context, Nb microalloying, alone or combined with other microadditions, needs to intervene in a more controlled way in additional steps of the thermomechanical process, besides its conventional strain-induced precipitation role. For example, the hardenability enhancement associated with Nb to properly achieve lower temperature transformation products, demands a proper balance of the Nb amount precipitated during rolling and the one remaining in solid solution. Similar effects are also sought when the final available Nb is used to increase strength through precipitation hardening. This manuscript evaluates how changes in the rolling strategies affect the interaction between Nb(C,N) precipitation and austenite recrystallization at different steps of the rolling process. As the possible interactions between parameters intervening simultaneously are quite complex, the application of microstructural models helps to properly define the best austenite conditioning combined with the convenient amount of Nb in solution, as a function of the final property requirements. Along the manuscript, several strategies will be discussed for the case of hot rolling of flat products comparing both normal and coarse initial austenite grain sizes.

Oct 1, 2019

By Davide Grassi, Joel Joaquin Cortez, Giovanni Spagnoli, Nick Chittenden

Grouting is a technique used to improve the engineering properties of soils and rocks. Grouting techniques are classified under different criteria: injection method used, type of grout material injected, typical application, and the sequence of construction. The best-known criterion is the mode of entrance or admission of grout into the soil or rock. It is possible to identify therefore several grouting techniques: compaction, fracture, jet/mixing and permeation. The function of penetration grouting is to reduce the permeability of the soil or rock and/or increase the strength and density. In order to avoid displacement, permeation grouting shall be carried out at carefully controlled pressures and flow rates, using appropriate grouts. Colloidal silica is an innovative binder which has low viscosity (about 5 m·Pas), it is not toxic (pH lower than 9) and it is workable between +5°C and +45°C. This paper presents several case histories: a consolidation job related to the installation of a new sewer in North Italy in cohesionless soils, water stopping injection in a weathered granitic bedrock in California, permeation works in the US in sandy soils to improve excavation and the installation of sheet piles in the UAE. Results show that the colloidal silica an innovative and robust technology to perform grouting in very fine soils where conventional binders or micro-fine cements cannot penetrate.

May 1, 2022

By C. L. Berrier, Wm. B. Daly

Jan 1, 1923

By K. Meshinchi Asl

In this study the effects of T4 and T6 heat treatments on microstructural characteristics of AZ91 alloy containing Rare Earth elements have been investigated. Formation of intermetallic Al1 1RE3 needle shape particles which have a good thermal stability reduces both formation of ß(Mg17A112) and discontinues precipitation in AZ91 alloy which are dominated at the grain boundaries and are responsible for poor mechanical properties specially in elevated temperatures. For AZ91-RE samples both T4 and T6 heat treatments led to a continuous precipitation of ß particles at the grain boundaries after aging. However, in AZ91 samples (with no Rare Earths) precipitation was discontinuous at grain boundary areas. This type of precipitation is one of the main reasons of poor mechanical properties of this alloy at elevated temperatures.

Jan 1, 2007

By E. Ettles

This paper features some of the spectacular new advances in the fields of fluorescent penetrant inspection and magnetic particle concentration. Casting fractures in the various stages -before the repair, during the repair and in the completed repair -using the cold process method will be discussed. This cold method of repair eliminates problems of pre-heating and cooling and the stress factors that are involved in any heat repair.

Jan 1, 1971

By William Gleason

"While the American Exploration & Mining Association (AEMA) was preparing to close one chapter and begin another during its annual conference in Spokane, WA Dec. 3-7, word of a significant victory on an issue that has been important to the association for many years came from the halls of Washington, D.C.During a keynote address on Dec. 6, Joe Balash, assistant secretary of Land and Minerals Management for the U.S. Department of the Interior (DOI), told a sold-out lunch crowd that the DOI had released final drafts of proposed revisions to the Obama-era greater sage grouse conservation plans. The revisions suggest removing hundreds of thousands of acres of federally protected habitat in Utah, and easing restrictions on energy development and other activities, including mining, in Colorado, Idaho and Wyoming.The protections of the sage grouse were put in place by the Obama administration in 2015. The sage grouse, a prairie fowl, is considered by conservationists to be a key indicator species for the health of America’s sagebrush ecosystem. The previous plan to protect the ground-dwelling bird imposed restrictions to development in sage grouse habitat, but did not place the birds on the endangered species list — a move that many believed would have imposed far more rigid rules.AEMA, and its executive director Laura Skaer, led the way in the fight against the Obama-era greater sage grouse plan, arguing that the plan unnecessarily hurt economic development.“We were the first organization to point out that the greater sage grouse was being used to stop mining, oil and gas production and grazing on public lands in the interior mountain west,” said Skaer who is retiring from AEMA with a significant legal win on this front. “Early on, we cautioned that the proposed Land Use Plan Amendments would be worse than a listing (of the sage grouse) under the Endangered Species Act. Very few believed us until they saw the plans with all of the restrictions and the recommendation for a 4-million-ha (10-million-acre) withdrawal from mineral entry. We were the only organization that filed comments on all 88 Land Use Plan Amendments in 11 states covering more than 24.2 million ha (60 million acres).”"

Feb 1, 2019

By Hector Monette

"AFTER SPENDING a lifetime in the mining industry it is normal that one should be concerned with the future of his profession, especially if he is directly responsible for the education and formation of future mining engineers. It is not necessary to insist on the importance of mining for Canada and for the entire world to prove the necessity of the Mining Engineer. A statement was made by Zay Jeffries, former vicepresident of General Electric Co., and here I quote: ""Even though minerals without man are of no moment, man would not be man as we know him without minerals ... ""minerals are as essential to the life of social man as food is to man himself"". This certainly expresses magnificently the purpose of the mining profession. These are the reasons why I have accepted to present my views on the future of the Mining Engineer. If I express some concern it is not because I feel that there is any danger for the profession to disappear; men will always respond to a challenge and this can be found in the extraction of minerals as well as in any other field of human endeavour. However, the first big question concerns the competitive position of Canada in the world of mining. To be made available to Canadians and to the rest of the world, all this tremendous potential mineral wealth that our country has been so generously endowed with by nature must be gained from the earth's crust at a competitive cost. Otherwise it will never become ore and will have no value. Let us not forget that although minerals are discovered, mines are not found but are made. So let us be more efficient mine makers. To accomplish this end, it is the duty of the different responsible organizations at all levels - be they governmental, para-governmental, public or private institutions - to do their utmost to assure the profitable development of our mineral wealth. The University has an all-important role to play in preparing all the specialists required by this intricate machine that mining is. All the different disciplines of engineering, health, social and -managerial sciences are needed for the good functioning of the mining industry. Although they are all essential, some will play a more important role as a member of the structure. In this discussion it is the role of the most important member, the mining engineer, who is actually responsible for the extraction of the minerals from the earth's crust that must be established. From this we will then be able to analyse his responsibilities and try to suggest the mining engineering program most suitable to prepare this engineer for his future role."

Jan 1, 1972

By J. W. Thompson

"The Republic of Colombia on December 30, 1919, enacted a new petroleum law. The Act is expressly limited to mineral oil, natural gas, bitumen, wax and fossilized resin and to asphalt intended for export.The law is not only intended to encourage local investors, but to attract foreign capitalists for oil development. Provision is made for a special edition ion of the law in such languages as the Government may deem necessary to give it extensive circulation within the country and abroad. The published editions must contain the provisions of the law relating to alienship and naturalization.All public lands, or what are termed unclaimed lands, are open to flee prospecting for the purpose of discovering the deposits named in the law, A prospector must obtain from the Government a, license which binds him to deliver to the Government topographic plans of the lands prospected, together with reports of their prospective yielding capacity. This license does not vest the li¬censee with any preferential right for contracting or leasing and may be drawn by the Government at any time.If a discovery is made by a licensee of any of the deposits named and he desires to exploit the same, he must present a memorial or application to the Ministry of Public Works, stating:- (a) the location and municipal district in which deposit beds are found; (b) boundaries of the zone of exploitation, which shall not be more than 5,000 or less than 1,000 hectares; (c) the names and nationality of all persons for whom the lease is sought and the action and time within which,they propose to make the exploitation; (d) the name of the corporation and its legal representatives with their residences; (e) if an alien, he must state his willingness to comply with the law relative to alienship and naturalization; (f) agreement to abide by all of the provieions of the law with regard to Government supervision, payment of taxes, rate of lease and causes of forfeiture; (g) the rate of rent or royalty that the applicant offers to pay, together with any other circumstances that may make the proposed lease advantageous to the Nation."

Apr 1, 1920

By Mustafa Kumral

Monte ? Carlo simulation is often used to assess the risks associated with uncertain variables in mining operations. The success of Monte-Carlo simulations depends upon reproducing the dependencies among variables to some extent. However, some variables may exhibit different dependency patterns. In these cases, classical techniques for dependency quantification cannot capture dependencies. As an alternative, the copulas allow modeling nonlinear dependencies. Furthermore, any choice of marginal distributions can be used. Especially, for the data, which is sensitive to extreme case such as financial crisis, the copulas arise as a means to reproduce the correlations among variables. In this paper, the copulas are introduced to mining practitioners using Monte-Carlo simulations for risk assessment. Then, a case study is given to show the superiority of the copulas over classical techniques using ModelRisk Software. In conclusion, it was observed that the copulas enhance the quality of Monte-Carlo simulations by capturing variable dependencies.

Aug 1, 2013