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Published byCharlene Burns Modified over 9 years ago
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Group 11
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Introduction A businessman would like to increase his earnings through mining. Learning about his interest in the field, three companies immediately came up with project proposals for three different mineral reserves. Company A proposed for manganese, Company B recommended phosphates; Company envisioned a coal mining industry. However, the businessman, seeing the project to involve a huge amount of money, thought of hiring your expertise as a team MINERAL EXPERTS to help him decide where to invest.
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“Geologist Says”
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"Coal is the best among the three because when we use this kind of mineral we will earn a lot of money because this mineral has many uses.. Unlike other minerals, this Mineral is very useful for people.. According to my research this mineral can be use as fuel for producing a cement which people needed. And besides Steel and Cement Industries use coal as their fuel for extraction of iron from iron ore and for cement production. In the United States, United Kingdom, and South Africa, a coal mine and its structures are a "colliery". In Australia, "colliery" generally refers to an underground coal mine. But we must be very careful in mining for a coal. Because coal mining has been a very dangerous activity and the list of historical coal mining disasters is a long one. "
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“Economist Says”
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Through my research I found the market value of coal in Central Appalachia,Northern Appalachia,Illinois Basin,Powder River Basin and Uinta Basin.These were recorded from May 7-June 25,2010.In Central Appalachia prices were from $61.15 to $64.60.In Northern Appalachia prices were from $59.75 to $59.25.In Illinois Basin prices were all $41.40.In Powder River Basin prices were from $12.35 to $12.00,$11.50 to $11.90 and $12.00 to $12.65 and in Uinta Basin prices are all $40.00. In Patriot Coal were trading at 14 percent at $13.91.
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Industrialist
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Conclusion By completing this webquest, you have become informed about what it is that companies consider before starting a mining site. Furthermore, you have learned that it isn’t just a mineral’s market value that always matter. Rather, other equally important things are being considered too.
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Members: Megan Yorong Aman-Geologist Angelo Carlo Bautista-Economist Sherie May Lopuz-Industrialist
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