Grou p 11. Prepared by:. Angelo Carlo Bautis ta Sherie Mae Lupoz Megan Aman.
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Angelo Carlo Bautista
Sherie Mae Lupoz
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 C 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.
Manganese (Mn) has become a critical component in metallurgical applications. It has a two-fold application in that it scavenges impurities such as oxygen, sulphur and other elements during the steel making process as well as adding toughness, hardness and abrasion resistance to steel in the form of an alloying component.
is a chemical element, designated by the symbol Mn. It has the atomic number 25. It is found as a free element in nature (often in combination with iron), and in many minerals. As a free element, manganese is a metal with important industrial metal alloy uses, particularly in stainless steels.
Economist on market value of manganese:
The market value of manganese in companies such as Baja mining corp. and many others has a market cap of 30 million to 89 million.
Through my research I found the market value of coal in Central Appalachia,NorthernAppalachia,IllinoisBasin,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.
Importance of an industrialist:
Industrialist is a person owning or engaging a management of an industry.Industrialist is very important because it can help the businessman to learn more about the mineral it introduced to the businessman.
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.