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CPOTE2022
7th International Conference on
Contemporary Problems of Thermal Engineering
Hybrid event, Warsaw | 20-23 September 2022
7th International Conference on
Contemporary Problems of Thermal Engineering
Hybrid event, Warsaw | 20-23 September 2022
Abstract CPOTE2022-1013-A
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Energy cost and allocation in mining co-production. The case of PGMS, nickel and copper
Jorge TORRUBIA, University of Zaragoza, SpainRicardo MAGDALENA, University of Zaragoza, Spain
Alicia VALERO, University of Zaragoza, Spain
Antonio VALERO, University of Zaragoza, Spain
The simultaneous extraction of several metals is a common phenomenon when metals occur together in nature. This is the case of platinum group metals (PGMs) -composed by Pt, Pd, Rh, Ru, Ir and Os-, nickel and copper, whose main deposits and reserves are in South Africa and Russia. Due to the growing demand for these elements, it is important to study the energy cost of their extraction and the different possibilities of allocating these costs. In this paper, the allocation of costs has been analyzed following economic criteria, which is the main method used in Life Cycle Assessments (LCA) -taking different prices depending on the time period-, geological criteria -taking into account the geological scarcity of the elements- or through their exergy replacement cost (ERC) -the cost of replacing an element from a total state of dispersion, in Thanatia, to the current mines-. The geological and ERC methods provide a cost allocation methodology with a strictly physical vision, avoiding time-varying factors such as the economic cost of the elements in the market.
Keywords: Mining, Co-production, Energy Cost, Cost allocation, Geological scarcity
Acknowledgment: This paper has received funding from the Spanish Ministry of Science and Innovation through RESET project PID2020-116851RB-I00