The three-factor model of evaluating mining rights of coal resources based on options

Since mining rights of coal resources(for short MRCR) could be regarded as a multi-stage compound real option,the evaluation for MRCR can be better solved using op- tion theory than the NPV.In the former research,we developed a two-factor model of evaluating MRCR when the coal spot price and convenience yield are stochastic based on option theory.On the basis of this two-factor model,we set up a three-factor model of evaluating MRCR when the interest rate followed a stochastic process.Through a real example application,we found the model can get higher values than the two-factor model and the NPV.This is because considering the volatility of interest rate can improve the executive opportunity of MRCR.

The two-factor model of evaluating mining rights of coal resources based on options

MRCR could be regarded as a multi-stage compounding real option,based on option theory,assuming the convenience yield of coal reserves to be constant,built a one-factor model of valuating MRCR with the stochastic value of coal reserves.On the basis of our one-factor model,set up a two-factor model of evaluating MRCR assuming the convenience yield follows the mean-reverting process.When applied to valuate the MRCR of a coalmine,this model gives higher values than the one-factor model and the NPV.This is because the increase of convenience yield can improve the executive oppor- tunity of MRCR.

Coupling Relationship between Integrated Land Consolidation and Farmland Scale Management in Villages over Coal Resources:A Case Study of Zezhou County in Shanxi Province

Through field sampling survey of 18 villages over coal resources in 3 townships and towns in Zezhou County,Jincheng City,Shanxi Province,this paper analyzed the favorable conditions and obstacles for villages over coal resources to carry out farmland scale management.On this basis,combined with the integrated land consolidation measures in villages over coal resources and their effectiveness,and using the principles of system dynamics,it studied the coupling relationship between integrated land consolidation in villages over coal resources and farmland scale management and built a coupling model.It found that the integrated land consolidation system of villages over coal resources has a coupling relationship with the external and internal conditions of the farmland scale management system at the regional and project scales.The two systems interact with and influence each other through the"bridge"of"agricultural modernization condition".The study indicates that at the same time of integrated land consolidation of villages over coal resources caring about the improvement of internal conditions,it is also necessary to improve the external conditions of farmland scale management through regional scale measures such as laws and policies,to support the implementation of land consolidation projects,and realize farmland scale management.

RESEARCH ON THE THEORY AND METHODS OF COMPREHENSIVE EVALUATION OF REGIONAL COAL RESOURCES

consists of forecasting for the total reserves of regional mineral resources and evaluation,compreIn general,based on evaluated objects and factors involved,evaluation of mineral resources hensive evaluation of regional mineral resources, and economic and technical evaluation of deposits. Here a region can be a country, a province, or a mining area, while a deposit is mainly related to a single type of mineral, although it can contain more than one types of minerals. In the past, to assess mineral resources was primarily to evaluate and forecast the total reserves of regional mineral resources. With the advancement of science, technology, and economy, the evaluation of mineral resources has developed from forecasting the reserves of them to comprehensively evaluating them on the basis of numerous factors.

Effect of coal resources development and compensation for damage to cultivated land in mining areas

The exploitation of coal resources inevitably affects, to different degrees, arable land resources and impacts the socio-economic development in mining areas. Therefore it is of great practical importance to probe the rules of the effect from coal resource exploration on arable land. Suitable and effective measures to compensate for damaged to and loss of arable land resources should be taken on the basis of carrying out green mining and reducing damage to limited arable land resources. We have used GIS in simulating the effect of coal resource exploration on arable land. In light of our simulation of the space-time spectrum, the effect is analyzed. Given the socio-economic development conditions of a mining area, specified rational amounts and opportunities for compensation to arable land in mining areas are explored. Finally, from a policy perspective, relevant proposals for rational arable land resource compensation are proposed to facilitate the coordinated development between coal resource exploitation and socio-economy development in mining areas.

The Status Quo and Outlook of Chinese Coal Geology and Exploration Technologies

Coal is China＇s dominant energy resource. Coal geological exploration is the basis of sustainable development of coal industry. Since the late 1990s, the advances in Chinese coal geology and exploration techniques have been shown in the following aspects. （1） The basic research of coal geology has changed from traditional geological studies to earth system science; （2） Breakthroughs have been achieved in integrated exploration techniques for coal resources; （3） Evaluation of coal and coalbed methane resources provides important basis for macropolicy making for China＇s coal industry and construction of large coal bases; （4） Significant advances have been made in using information technology in coal geological exploration and 3S （GPS, GIS, RS） technology. For the present and a period of time in the future, major tasks of Chinese coal geological technology are as follows： （1） solving resources replacement problem in eastern China and geological problems of deep mining; （2） solving problem of integrated coal exploration of complex regions in energy bases of central China, and resources problems induced by coal exploitation; （3） making efforts to enhance the level of geological research and resources evaluation of coal-accumulation basins in western China; （4） strengthening geological research of clean coal technologies; （5） strengthening geological research of the problems in modern coal mining and safe production; （6） promoting information technology in coal resources and major geological investigations.

Estimating regional coal resource efficiency in China using three-stage DEA and bootstrap DEA models

Based on three-stage data envelopment analysis(DEA) model estimates of resource utilization efficiency of coal,we selected 29 provinces from China's 2012 input-output data and used the bootstrap DEA model to correct the bias.The results show that the mean overall technical efficiency,pure technical efficiency,and scale efficiency was 0.833,0.998,and 0.711 in 2012,respectively.Moreover,the comprehensive technical efficiency score indicates that the scale is invalid.Area utilization efficiencies for the eastern,central,and western regions were 0.917,0.731,and 0.629,respectively.The results prove that there are significant differences in the distribution of coal resources utilization efficiency across regions.

The environment of coal mining areas and the economic evaluation of the land reclamation

The environment impact of the coal resources mining was analyzed. The method of economic evaluation for the coal mining was established to analyze land destruction. The opportunity cost method was used to quantitatively analyze and estimate the economic loss of the land destruction by coal mining. At the same time, the dump land reclamation of the Yuanbaoshan Open Pit was taken as an example to evaluate environmental and economical benefit with the method of economic evaluation for the coal mining areas land reclamation.

The safety mining theory studying for coal resource in China

The coal resource has an important role in the energy development strategy in China. Because the coal resources are a kind of non-renewable resources, a Kind of ex-hausting resource, which is limited in quantity, and the exploitation of the recourses are not economized now, so how to realize the sustainable development for coal resource in China is very important. In this paper, two parts were researched to optimize the coal mining. In order to optimize the mining order of different mining areas, the fuzzy logic evaluation was used to build the evaluation system. The economic control theory model was built to realize the proper period to explore the coal recourses for the same mining areas.

Comprehensive Evaluation of Coal Resource of Two Coal Mines in Jining

The evaluation system for coal resources was established and a related software was programmed based on some former achievements and actual situation of the research area. And the evaluating calculation and data processing were also conducted. The result indicates that in the research area, the resource condition of the 3rd lower coal seam falls in the classes of "good" to "middle". In space, the south and the east parts is better than the north and the west parts. And the east part is suitable for the recent and the near future exploitation and the west part for the long dated exploitation. The distribution regularity of geologic structure and the stability of thickness of coal seams should be studied carefully and more exploration project in the west part should be carried out. The above achievements are significant in the exploitation of coal resource in this region.

Raw Gangue Filling Mining under Construction —A Case Study in China

In order to recover the strip pillar coal resources, reduce the amount of gangue mountain and realize remediation of the goaf environment in the old mining area, the raw gangue filling mining technology was proposed. According to the previous practical experience, the feasibility of the implementation of raw gangue filling mining technology in the coal-pressed area was analyzed. Through the filling gangue compaction test, the deformation under different loading stages was obtained. Further, a reasonable prediction of the deformation beyond the experimental limited loading load was made based on the experimental results. Through the deformation source analysis of the whole process of gangue filling, the key factors for controlling deformation before, during, and after filling were determined. Additionally, the proportion of deformation during different stages was quantified. Considering the protection of surface buildings, mining fullness of the working face and mining technology, the production parameters of 1209 and 1210 filling working faces were preliminarily determined. Through numerical simulation, the rationality of mining scheme was verified. Based on the practice of 1209 working face and the key factors to control the deformation of gangue filling, the mining system and process in 1210 working face were optimized. According to the measured surface rock movement, raw gangue filling mining technology can meet the requirements of surface building protection level. Especially, this paper provides a method to quantitatively calculate the equivalent mining height (EMH) of raw gangue filling and its mining deformation, which has reference significance for old mining areas.

浅析内蒙古煤矿环境问题及对策

从矿区的水污染、矸石堆放、大气污染、地表塌陷等4个方面分析了内蒙古煤矿环境问题,及其对矿区环境造成的影响和破坏,指出了解决这类问题的方法。

The Cretaceous Turn of Geological Evolution: Key Evidence from East Asia

this work focuses on one of the critical points of Earth＇s history when the Solar System passed through the most distant point of its galactic orbit. During this event, Earth may have suffered from maximum extension, associated with its relative proximity to the Sun at that time, followed by long-term contraction related to its later distancing. This paper is based on generalized data on the Cretaceous evolution of the Earth as a whole and of East Asia in particular. The evidence suggests that major geological processes at this time may be interpreted as transitional changes in the state of Earth. A liquid nature of its core may have reacted to the gravitational and electromagnetic transformations. When the cosmic changes took place at 135-120 Ma, more turbulent flows in the outer core would have favoured the rise of voluminous magmatic plumes and associated fluid flows. These would substantially transform the mantle, crust, hydrosphere, biosphere and atmosphere. In particular, plume-related melting of overlying subducting slabs and lower continental crust could have initiated numerous adakitic melts that formed the East Asian Adakitic Province. These and associated juvenile events produced numerous metallic ore, coal, gas and oil deposits. The Cretaceous is one of the most significant resource-producing periods.

Contrastive Study of the Circular Economy of Coal Resource City Based on Ecological Efficiency and C Model

Being a developing country, the evaluation of Chinese circular economy should have its particular crite- rion that suits for specific national conditions. With the growth of economy, Chinese environmental loads should be permitted to increase at an appropriate speed. Based on this concept, this paper divides the process of evaluation into two parts which include evaluation of development level and evaluation of development performance. Firstly, this paper sets up a reference system which includes Zaozhuang City of Shandong Province, Jiaozuo City of Henan province, Shizuishan City of Ningxia Hui Autonomous Region and China that is regarded as a region respectively, analyzes the development level of circular economy of coal resource cities based on the evaluation indicator of ecological efficiency, and puts forward the future direction of circular economy of coal resource cities. Secondly, based on C Model of Circular Economy, this paper constructs the measurement model of development perform- ance in which study regions are analyzed in a particular period that is from 2000 to 2020, and evaluates the de- velopment performance of circular economy for study regions according to the relationship of growth multiples between economic scale and environmental loads. We can draw several main conclusions： firstly, the development pathways of all four study regions belong to type I[ which resource efficiency is preferred. Secondly, the com- prehensive energy consumption efficiencies of coal resource cities were left far behind by China＇s average level. Thirdly, the circular economies of all study regions have achieved remarkable progress. Fourthly, the development level of circular economy can be evaluated from two dimensions which consist of horizontal comparison method and vertical comparison method. Fifthly, C model is an appropriate development model that suits for Chinese na- tional conditions and could be selected as an important method to evaluate regional development performance of circular economy.

Theoretical and technological exploration of deep in situ fluidized coal mining

Mining industries worldwide have inevitably resorted to exploiting resources from the deep underground.However,traditional mining methods can cause various problems,e.g.,considerable mining difficulty,environmental degradations,and frequent disastrous accidents.To exploit deep resources in the future,the concept of mining must be reconsidered and innovative new theories,methods,and technologies must be applied.To effectively acquire coal resources deeper than 2000 m,new theoretical and technological concepts about deep in situ fluidized mining are required.The limits of mining depth need to be broken to acquire deep-coal resources in an environmentally friendly,safe,and efficient manner.This is characterized by‘There are no coal on the ground and no men in the coal mine’.First,this paper systematically explains deep in situ fluidized coal mining.Then,it presents a new theoretical concept,including the theories of mining-induced rock mechanics,three-field visualization,multi-physics coupling for in situ transformation,and in situ mining,transformation and transport.It also presents key technological concepts,including those of intelligent,unmanned,and fluidized mining.Finally,this paper presents a strategic roadmap for deep in situ fluidized coal mining.In summary,this paper develops new theoretical and technological systems for accomplishing groundbreaking innovations in mining technologies of coal resources in the deep underground.

Coal measure metallogeny:Metallogenic system and implication for resource and environment

Coal,coal measure gas,coal conversion to oil and gas,and coal-based new materials are reliable guarantees for stable energy supply and economic and social development in China.The coal-dominated resource endowment and the economic and social development stage determine the irreplaceable position of coal resources in the energy system.Coal measure resources,including aggregated or dispersed solids,liquid and gaseous multitype energies,and metal as well as nonmetallic minerals,are the products of multisphere interaction and metallogenetic materials generation,migration,and accumulation.Coal measures record rich deep-time geological information of transitional and terrestrial peat bogs,which is a crucial carrier to reveal ecosystem evolution,significant organic carbon sequestration,atmospheric O_(2)/CO_(2)variation,and wildfire events.Coal measure evolution is accompanied by the migration and transformation of various materials during diagenesis-metamorphism,forming differentiated coal compositions besides properties and various mineral resources in its adjacent strata.The enrichment condition,occurrence state,and separation potential are the premise for level-by-level use and efficient development of coal measure resources.Coal measure metallogeny is based on the metallogenic system of multiple energy and mineral resources in coal measures and their environmental effects.Fully understanding coal measure metallogeny is beneficial for promoting the coal transition from fuel to raw materials and strengthening its attribute of multiple mineral resources.The metallogeny comprises various aspects,including:(1)the symbiosis mechanism,co-exploration and co-mining conditions of various resources;(2)the source-sink system of ore-forming materials;(3)the differential carbon accumulation and hydrogen enrichment effect;(4)organic(coal and hydrocarbon)and inorganic(mineral)interactions;and(5)combination of minerals naturally enrichment during the metallogenic process and artificial enrichment during the ore processing process.The coal measure metallogeny belongs to the geoscience disciplines,and studies the types,formation,distribution,enrichment mechanisms,evaluation methods,and development strategies of resources related to coal measures.The key scientific problems include geological records related to mineral enrichment processes,metallogenic mechanisms,resource distribution,occurrence evaluation,and accurate development.Developing coal measure metallogeny is significant in improving the critical mineral metallogenic theory,revealing various deep-time earth systems and realizing the national energy transformation and high-quality development.