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By H. Gharahbagheri, S. Shafiei Zadeh, H. Hassan Nejad

Waste Electrical and Electronic Equipment (WEEE) is one of the fastest growing types of solid waste in the world, and often contains precious metals, especially gold. Gold processing and recovery from secondary materials, especially WEEE, have been under investigation for more than a decade now; however, a comprehensive review that illuminates the future path is missing in the literature. The aim of this short paper is to discuss the recent advances in gold processing and recovery from secondary electronic materials and why it has not yet become practical. The role of pyrometallurgical and hydrometallurgical methods, as well as their advantages and disadvantages will be discussed; however, the focus will be on Biosorption and recent advances.

Jan 1, 2014

By Zhigao Xu, Ruan Chi, Zhenyue Zhang, Yaoyang Ruan, Zhengyan He

Weathered crust elution-deposited rare earth ore is a specific rare earth resource in China that is rich in middle and heavy rare earths. From surface to bottom, the weathered crust elution-deposit rare earth ores can be divided into humic layer, completely weathered layer, partly weathered layer, and bedrock. The exchangeable rare earth ions mainly exist in the completely weathered layer and partly weathered layer, and the exchangeable aluminum ions mainly exist in the humic layer. A novel solution injection method for use in the in-situ leaching technology of weathered crust elution-deposit rare earth ores was put forward based on the different distributions of RE3+ and Al3+ in the four layers. Avoiding the humic layer, only the completely weathered layer and partly weathered layer were leached by controlling the height of the leaching solution liquid level. In this way aluminum, the primary impurity in the RE leaching solution, can be decreased and the purity of the RE product can be improved. Meanwhile, the choices of available leaching reagents were broadened and the possibility of landslide disasters could be reduced.

Jan 1, 2014

By Qidong Xu

Abstract - The metavolcanic rocks of the Dahongshan area have been subjected to both widespread hydrothermal alteration from circulating seawater and to regional metamorphism, such that their mineralogic and chemical compositions have been changed significantly. Studies of immobile elements show that these rocks were originally tholeiitic basalts with geochemical characteristics of T-type MORB formed in a mid-ocean ridge environment. The accompanying Cu-Fe-rich VMS mineralization is in keeping with the original petrology and tectonic setting of these metavolcanic rocks. Regional alteration evident in K-Mg enrichment is related to sericitization and chloritization. Local alteration associated with Cu-Fe mineralization appears to have been accompanied by Si enrichment and Na depletion. P enrichment identifies metasomatism related to Cu-Fe reconcentration in the mineralized zone.

Jan 1, 1999

By L. Xia, B. Hart, K. Douglas1, S. C. Chelgani

Development work to optimize a flotation flowsheet for rare earth element (REE) recovery is underway. The original approach used alkyl phosphates and phosphoric acid ester as collectors to concentrate REE minerals. To improve REE recovery, hydroxamates as alternative collectors were investigated. In this paper, micro flotation of REE minerals using salicylic, benzoyl and naphthoyl hydroxamates is reported. Unlike phosphonic collectors, slime removal does not show a significant effect on REE recovery when using hydroxamates as collectors. Among the three hydoxamates, the grade of La, Ce, and Nd for concentrates produced by salicylic hydroxamate is the highest. The recovery response with naphthoyl hydroxamate is similar to that of salicylic hydroxamate; good grades for La, Ce, and Nd, less effective for Nb, Y, and Zr. The data indicated an affinity by salicylic and naphthoyl hydroxamtes for LREE over the HREE minerals. In comparison, benzoyl hydroxamate indicated an affinity for Nb, Y, and Zr. Temperature effects on REE recovery were also studied. The grade and recovery of REEs generated by flotation using a mix of salicylic and benzoyl hydroxamates at room temperature was almost identical or even better relative to the recovery using naphthoyl hydroxamates at elevated temperature.

Jan 1, 2014

By B. Dubreuil, J. -M. Lalancette, D. Lemieux

Arsenical bearing deposits are posing an increasing challenge for the mining industry. In particular, mineral processing of arsenical sulfidic ores for base and precious metals recovery tend to produce problematic arsenical tailings. This arsenic being present as sulphide or oxide, tends to dissolve, contaminating surface and underground waters. To meet the environmental regulations, it is often required to stabilize the arsenic in a more insoluble form. Dundee Sustainable Technologies has developed a new patented technology using vitrification of the arsenic oxide in an economical way, giving a stable solid, well below the environmental regulations upon leaching. This technology involves oxidation of As (III) to As (V), by using a low cost natural oxidizer and transformation of the produced arsenic oxide into calcium arsenate, which is not volatile at the melting temperature of the glass. This technology would be advantageously applied on most cases around the world where sulphide concentrates are oxidized in a fluidized bed or smelted.

Jan 1, 2014

By F. W. Crossland

Losses of metal are often traced to incorrect pH/ORP signals in flotation, leaching, extraction, electrolysis, and precipitation processes, aggravated by pressure changes. IC Controls, a Canadian mining sensor manufacturer, developed a new superior pH/ORP sensor that stops metal losses, reduces environmental footprint and contributes to sustainability. The cause of incorrect pH/ORP signal is rooted in the reference. Reference junctions are designed to allow diffusion of reference chloride ions into the process but also allow process ions to diffuse into the reference. This development is important to mines and hydrometallurgists where sulphide, cyanide, ammonia and other poisoning ions are present in the process. These ions react with reference electrolyte components causing the signal to change, drifting from the correct process value. With fluctuating process pressure, ion in migration dilutes the electrolyte producing similar signal drifts. If process ion in-diffusion could be stopped, the pH/ORP signal would be accurate. IC Controls new pH/ORP sensor stops process ion in-diffusion, and remains accurate over long periods. New processes using higher pressure and fluctuating pressurized reactors will greatly benefit from stable pH readings. Similar to IC Controls' proven model 642 Mining pH sensor, our new model 647 contributes to sustainability through reducing disposal costs from waste reagents, lost metal and fewer used sensors.

Jan 1, 2014

By K. E. Prince, S. Burling, R. J. Ring, M. K. Maley, W. R. Taylor

Vanadium occurs as a component of carnotite, which commonly occurs in calcrete type ores, and in association with uranium in some sandstone-hosted deposits. Increasing demand for vanadium, which is used in high-strength steel and Vanadium Redox Flow Batteries (VRFBs), is offering some uranium producers a potential option for by-product vanadium recovery to improve project economics at a time when uranium prices are low. This paper presents the results of recent optimisation studies on the Bigrlyi deposit for the recovery of both uranium and vanadium. The impact of carbonate leaching conditions on uranium and vanadium extraction from a range of carnotite-in-calcrete ores is also examined, with vanadium extraction limited by the proportion of non-carnotite vanadium present in the ores. The findings are particularly relevant to developing projects as results show that elevated vanadium content in ore does not necessarily equate to a high vanadium extraction in leach.

Jan 1, 2020

By Richard R. Klimpel

"This paper discusses the effect of water chemistry, reagent type, and other environmental factors on the performance of sulfide mineral size reduction and froth flotation processes. Two specific problems will be discussed: l.) the importance of appropriately utilizing the electrochemical window that is created in the grinding process to enhance sulfide mineral recovery by froth flotation; and 2) the impact of steel grinding media versus autogenous grinding on the efficiency of sulfide mineral flotation with varying thiol collectors and water sources.IntroductionThe mutual dependency between size reduction and mineral froth flotation is well recognized from the viewpoint of particle size and mineral liberation characteristics. The purpose of this paper is to discuss two less obvious industrial interactions between size reduction and froth flotation that have come up in the various plant optimization studies conducted by this author. These interactions are complex but appear to be important at the industrial level as plant throughput is directly affected, either positively or negatively by such interactions. Examples v.ill be given on how the method of grinding influences flotation and how different water sources influence the flotation behavior of electrochemically sensitive minerals. With each of these interactions, a number of fundamental research studies have shown previously that some effects can be measured under idealized and very small scale experiments. Such research studies will not be cataloged or exhaustingly reviewed in this paper. Whether these same types of effects can be measured in an industrial environment and are economically important is much less certain. This paper will present some rather unique experiences gained from larger scale test experiences which clearly indicate findings that plant operators should be aware of."

Jan 1, 1996

By Alok Porwal, E. J. M. Carranza, M. Hale

Abstract- Approaches to mineral potential mapping based on weights of evidence generally use binary maps, whereas, real-world geospatial data are mostly multi-class in nature. The consequent reclassification of multi-class maps into binary maps is a simplification that might result in a loss of information. This paper describes results of using multi-class evidential maps in an extended weights-of-evidence model vis-à-vis results of using binary evidential maps in a simple-weights-ofevidence model. The study area in the south-central part of Aravalli province (western India) hosts a number of SEDEX-type base metal deposits in Proterozoic supracrustal rocks. Recognition criteria for base metal deposits were represented as both multi-class and binary evidential maps. The known mineral deposits were divided into two subsets, viz., the training and the validation subsets. The training subset was used to calculate, for the evidential maps, the weights, contrasts, and posterior probabilities and their variances. The distributions of expected frequencies of base metal deposits estimated from the posterior probabilities and the observed frequencies were compared using standard goodness-of-fit tests to verify conditional independence of the input evidential maps. The posterior probabilities from both the models were mapped and interpreted to classify the study area into zones favorable, permissive, and non-permissive for base metal deposit occurrence. As compared to the simple weights-of-evidence model, the extended weights-of-evidence model results in more robust and finely differentiated posterior probabilities in favorable and permissive zones and has a better prediction rate. The results also reveal that the statistical properties of the weights of evidence, the contrasts, and the posterior probabilities are not significantly degenerated by using multi-class evidential maps in weights-of-evidence modelling.

Jan 1, 2001

By A. R. Laplante

"In this paper, the performance of the Knelson Concentrator and of the batch and continuous Falcon Concentrators are compared. The units are based on different operating principles, and as such they perform quite differently. The Knelson yields very high free gold recoveries over a wide size range of both the recovered and rejected species. It is ineffective in recovering very fine ( <15 µm) or flaky gold, as encountered in flotation feeds, concentrates or tails. It is the: preferred unit for gold recovery from grinding circuits. The batch Falcon is effective in the fine range, typically less than 37 µm for gold. Its recovery zone is quickly saturated when there is significant heavies in the feed. It works best as a pre-concentration unit. The continuous Falcon is a versatile unit which is capable of recovering fine heavies (density down to 5 g/cm3 ), especially from coarser gangue. INTRODUCTIONThe purpose of this presentation is to describe the mode of operation of two Canadian centrifugal concentrators, the Knelson and Falcon. It is hoped that it will prove informative to prospective users in the selection, testing and optimization for applications of either machine. The work is based on testwork both in Canadian mills and at McGill. I am indebted to many colleagues at these locations. Appropriate references will be made to articles further describing the work, either already in the open literature or in preparation.Although this work is meant to be more practical than scholarly, it is appropriate to begin by considering how the two units achieve selective recovery. This will become useful in establishing a suitable testing methodology, which will then be described, and interpreting typical results. In the last section I will attempt to define appropriate applications for the two units. This is a thankless task, as I am likely to miss some applications or to make projections based on partial results, as much of the work is still in progress. In deference to the reader and both manufacturers, areas where reasonable doubt still remains will be identified."

Jan 1, 1993

By Kwang-Hyun Jeon

Recently, 3D printing technology in the manufacturing field is in the spotlight. In the construction industry, similar rapid prototyping technology that does not use conventional form can be applied to meet the demand on free formed structure that can provide aesthetic value and functionality. Conventional formwork can increase construction cost and period for various structure with complex shapes while it has numerous advantages such as high strength, convenience, accuracy and good quality of surface roughness. To meet the demand on free formed structure, automated freeform construction systems such as Contour Crafting and Concrete Printing have been developed with active collaboration between university and industry in USA and England. However, details on the system have not been fully released in public, so the possibility of its fusion and spin-off technology cannot be expected. In this paper, cost-effective solution for mechanical and control system for constructing a free curved structure without mold are described. As an appropriate material for the system, fiber reinforced mortar was selected by experiments on compressive strength, setting time and fluidity. After performing G-code simulation, transfer and extrusion experiments with the selected mortar mix were performed and the possibility of the development of automated freeform construction system was demonstrated. Based on this research results, it is required to keep the automated freeform construction system improve and extend it into the new application area in construction industry.

Aug 1, 2013

By S. Timbillah, R. LaDouceur, C. A. Young

A low carbon-chain trithiocarbonate ((NaOOC)CH2SCSSNa), known as Orfom® D8, was tested as an organic depressant in the differential flotation separation of chalcopyrite and molybdenite in the presence of sodium isopropyl xanthate (SIPX) or potassium ethyl xanthate (KEX). Flotation studies show that Orfom® D8 depressed chalcopyrite while molybdenite remained floatable. A study of the mechanism of adsorption indicated that Orfom® D8 adsorbs on chalcopyrite through its trithiol (CS -) functional group via both chemisorption and Orfom® D8-metal complexation. The Orfom® D8 depressant is selective and does not form any Orfom® D8-molybdenite bonds. Thus, the combination of the depressant in the presence of either collectors depressed the chalcopyrite and floated the molybdenite. Fundamental parameters of the Orfom® D8 including pKa determination as well as possible decomposition products of the depressant are reported. This study includes an economic case illustrating why using Orfom® D8 can be beneficial. INTRODUCTION Depressants are incorporated in mineral flotation units in the minerals processing industry to make or keep certain minerals selectively hydrophilic. Most reagents used are inorganic and include, for instance, sodium hydrosulphide (NaHS) which is the major reagent used for depressing sulphide minerals, particularly those containing copper, iron and lead. However, the issues with its use include high toxicity, tendency to explode, strong odour, and high consumption due to required high dosages as well as its tendency to oxidise in air. The latter can be overcome by conducting flotation in inert atmosphere such as nitrogen and recycling of the flotation process water. The use of more novel depressants that are essentially organic including homopolar reagents with hydrophilic functional groups on both ends of its structure adsorb onto a target mineral surface with one polar end, the other polar end orients into the bulk solution making the surface hydrophilic and thus, ensuring that the desired mineral does not float. The stringent environmental and safety regulations being implemented in recent times mean that the search for more environmentally friendly chemical reagents is a must have. The use of organic depressants for flotation systems such as Cu-Mo sulfide bulk concentrates has become increasingly important because of the health, safety and environmental issues surrounding the use of inorganic depressants. Nagaraj et al. (1983) investigated the Cu-Mo sulphide flotation system using a structure-activity study of depressants. They found that a major advantage of organic depressants is the ability to tailor-make organic molecules to suit many requirements and thus, eliminate the guess work approach that was predominant in the industry.

Jan 1, 2019

By A. Abadías Llamas, N. Bartie, M. Stelter

Evaluating the economic viability as well as the sustainability of the Circular Economy (CE) system requires a deep understanding of the distribution of all elements, compounds, alloys, materials etc. in flows. In this paper, the circularity of the copper value chain, including primary and secondary processing, is rigorously evaluated. The studied system comprises the metallic copper production from primary sources (from mineral to metal), copper-containing commodity production (copper is mixed with other metals) and copper recycling through secondary smelting to close the loop. This is linked to photovoltaic (PV) panels and battery storage. A simulation model of this system is created using HSC Sim, considering more than 30 elements (and its various compounds), 180 unit operations and 800 flows. From the mass and energy balances obtained through the simulation, an exergy analysis is conducted to evaluate the resource consumption from a second law (entropy) perspective. Additionally, these results are complemented through a Life Cycle Assessment (LCA), the recovery of technology elements and by-products is discussed, while quantifying the losses through the value chain. Through the digitalization of the complete system, a better CAPEX and OPEX understanding of the metal recovery and losses can be obtained, as well as the associated resource consumption and environmental impacts. New flowsheets and technologies can be evaluated. Several scenarios show how the resource consumption and the environmental impacts are affected by the recovery of different materials to produce different products. INTRODUCTION A key challenge of the circular economy (CE) is the linkage and optimization of both resource and energy efficiency of the (renewable) energy infrastructure and the resource cycle depicted by Figure 1 simultaneously. In addition, the CE requires the linkage of all stakeholders as shown by Figure 1. This has been discussed in some detail by Reuter and Bartie (2019) and Reuter et al. (2019). Copper and all its associated technology elements is one of the key enabling metals that is an economical copper colored thread through CE society (Reuter & Kojo, 2014). The Metal Wheel (Figure 2) shows the linkage of and recovery of various elements associated with copper and other carrier metals. This reveals that copper acts as an important carrier metal because of its properties i.e. the wealth of technology elements it carries from geological ores, but also its capacity to act as solvent of valuable elements and thence a key closer of various complexly connected element and material cycles when these technology elements are released during copper refining. The same applies to all other carrier metals of modern CE society as shown for example recently in a lead policy brief (Blanpain, Reuter & Malfliet, 2019).

Jan 1, 2019

By M. E. Stutt, R. H. Rehder

"The mining industry is taking advantage of the increased performance resulting from the use of variable speed A C drives for large motors. This technology provides increased efficiency under the variable speed and torque requirements of such drives as mine hoists, conveyors, and air moving equipment. The technology does introduce voltage spikes on the voltage wave form that stress the insulation system to a greater degree than would occur with a constant voltage source. These voltage spikes must be considered in the design of the insulation system used for these motors.BackgroundHistorically the insulation systems for large AC motors were designed to withstand with reasonable life the voltage stresses of a 60 Hz constant sinusoidal voltage. One of the design tests is a voltage endurance test that requires the application of a 60 Hz voltage from conductor to ground equal to four to five times normal and establishing a time to failure. These higher than normal voltages accelerate the normal aging process by causing extensive partial discharge activity (corona) within the insulation system and the time to failure is a relative indication of insulation life.In addition to the voltage endurance test at 60 Hz, the individual coils are subjected to a surge voltage test to establish the withstand capability of the turn to turn insulation under switching surge conditions. The surge voltage is a fast rise time, 0.2 microsecond to crest value, voltage spike that can be caused by a circuit breaker or contactor closing operation. These voltage spikes can have a crest value of greater than 3.5 times the normal line to ground crest voltage of the normal 60 Hz power supply. The standard withstand test value is thus 3.5 times normal line to ground voltage. Because the voltage surges or spikes occur mainly during start and stop switching conditions, voltage endurance under these conditions has not been a major factor in insulation system design."

Jan 1, 1995

By Cheng-Ting Chiang

Information integration and exchange for the entire building life cycle is one of the most important issues in the AEC industry. Although the Building Information Model (BIM) technology is widely utilized to address them, BIM is mainly concerned within the design and construction (D&C) phases. In the operation and maintenance (O&M) phases, however, the information integration and exchange issue becomes more complicated because software applications here require not only BIM but other information outside of the AEC domain, e.g., disaster mitigation. Nowadays, most BIM-related research focuses on the D&C phases and pays less concern on the O&M phases, hence there is a research need that can help seamlessly transfer the information between the D&C and O&M phases. In this research, a software framework using ontology was designed to deal with aforementioned problems. The BIM data from the D&C phases were used as a foundation to generate new models for different software applications for the O&M phases. The ontology technique was employed to assist the model transformation process between the original BIM and the models for applications. Finally, a disaster mitigation example was chosen to validate the framework, in order to make sure that the transformation process is comprehensive and useful from domain experts? perspective.

Aug 1, 2013

By F. R. Ploeger, J. H. Crocket

"IntroductionRocks in the Kirkland Lake district form part of the Timiskaming Group, a south-facing homoclinal sequence of wackes, conglomerate, trachytic flows and pyroclastic rocks and syenitic intrusive rocks. Hewitt (1963) indicates that the thickest section, about 5 km, of the Timiskaming Group rocks is attained in Lebel Township. Several writers (Thomson, 1948; Hewitt, 1963; Hyde, 1978; Jensen, 1978; and Downes, 1979) have observed that the Timiskaming Group unconformably overlies the Keewatin volcanics, particularly along the northern contact. Recent work by Downes (1979) in McGarry and McVittie townships to the east of Kirkland Lake has shown that much of what had formerly been classified as Timiskaming actually belongs to an older group of rocks, the Larder Lake Group (Jensen 1978).General GeologyA series of fluviatile, braided-stream sedimentary rocks (Hyde, 1978) form the oldest of the three major rock suites at Kirkland Lake. Conglomerates constitute a large proportion of these sedimentary rocks and typically contain a large percentage of a variety of locally derived alkalic rock clasts as well as the distinctive red jasper iron-formation pebbles (Fig. 1a). The associated wacke units can be massive to finely bedded and are interbedded with the conglomerate. They also contain a large alkalic tuffaceous component.Interbedded with these sedimentary rocks are alkalic extrusive rocks, including tuffs, agglomerates, breccias and flows, which represent episodes of fissure and explosive crater eruption (Cooke and Moorhouse, 1969). The tuffs, although dominantly alkalic in composition, are commonly reworked and contain sedimentary features such as graded bedding, scouring and crossbedding (Fig. 1 b). The trachytic flows are massive to porphyritic and outcrop mainly east of Kirkland Lake in the adjoining townships. Altered leucitic porphyritic flows, locally referred to as red and green spotted trachytes, commonly occur."

Jan 1, 1982

By K. E. Waters, N. Brodusch, R. Gauvin, C. Teng, H. Demers

Rare earth elements play an increasingly important role in renewable energy devices and high-end electronics. In this project, the composition and morphology of REEs-bearing minerals are characterized with a field-emission scanning electron microscope at high spatial resolution and high counts rate using an X-ray silicon drift detector system. High spatial resolution imaging and energy dispersive X-ray microanalysis were applied at low and high magnification to obtain the composition of each phase in the minerals. From the standardless quantitative analysis results, the amount of REEs in each phase was measured and the relationships between those phases were identified.

Jan 1, 2014

By Changmiao Liu, Dong Dong

"Magnesite is a major mineral resource in China, whose output and export are massive and quite important to the world. Flotation performances of eight anionic collectors on magnesite were studied to find the proper ones. Micro-flotation results indicated that collectors of HOl, SDBS and AEP had outstanding flotation performances on magnesite, with the recovery ratio all reaching above 90% in a wide range of alkaline pulp. Solution chemistry calculation, Zeta potential and FTIR measurements were employed to reveal the interaction mechanism between anionic collectors and magnesite surfaces. Solution chemistry analysis indicated that the main active components of HOl, SDBS and AEP were anions and association complex anions in alkaline pulp. Magnesite surface was negatively charged in the alkaline pulp. The active sites on magnesite surface were mainly the components of MgOH-, Mg (OH)2, and MgCO3 when the pulp pH was over 8. Anionic components of HOl, SDBS and AEP reacted with Mg in magnesite surface to make the insoluble anionic salts. And the chemical adsorption was confirmed by the FTIR measurement evidences.INTRODUCTIONAs an important industrial mineral, magnesite has been widely applied in metallurgy, building materials, chemical industry, agro-pasturage and other fields (Hu et al., 2006). It is a major mineral resource in China with abundant reserves. Its output and export are massive and quite important to the world. Liaoning province is rich in magnesite, whose reserves and production both come first in China. So far the proven reserves have reached 2.91 billion tons, accounting for more than 90% of total reserves in China, and more than 25% in the world (Li et al., 2012).Magnesite ores in Liaoning province mainly contain crystalline magnesite, and the gangue minerals of quartz, dolomite, talc, tremolite, chlorite and carbonaceous materials. Some ores also contain a little pyrite, chalcopyrite, hematite and apatite. Most of the ores must be preprocessed to separate the useful parts from the large amount of gangue minerals, so that their value and industrial application can be enlarged and promoted.Flotation is commonly used to process the magnesite ores, and the conventional flotation methods include anionic and cationic flotation. In the former, gangue minerals of silicates were separated by using amine type cationic collectors. After the impurity minerals were removed, high qualified magnesite concentration could be gained. For the cationic flotation method, it had some drawbacks of lower recovery ratio and poor performance in the lower temperature pulp (Li et al., 1995)."

Jan 1, 2016

By George A. Guess

The making of contracts for the purchase of ores is a business which the metallurgist usually understands better than the miner. Companies in the custom ore business often employ an ore buyer who is aware of the class of ore which the smelter needs, and is thoroughly conversant with the business. The miner on the other hand makes ore contracts but seldom, and it is often only after a settlement has been made that he realizes the meaning of the terms of the contract under which he has sold his ores. He has expectations usually greatly in excess of the amount &apos;net proceeds&apos; shown at the bottom of the settlement sheet. Seldom does the occasional shipper really know his contract. A somewhat similar parallel is to be found in insurance policies. We all have insurance policies; we never know the conditions contained in them until after the fire. The clauses in the policy are for the protection of the Insurance Company. An Insurance Company has no friends.

Jan 1, 1926

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