Fixed typos
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@ -12,25 +12,27 @@
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@ -41,16 +43,18 @@
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@ -6,7 +6,7 @@
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\setbeamercovered{transparent=25}
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%Information to be included in the title page:
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\title{Should We Always Aim for Higher Quality?}
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\subtitle{The Impact of the Groundwater Restoration Framework in In-Situ Uranium Recovery in Wyoming}
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\subtitle{The Impact of the Groundwater Restoration Framework in In Situ Uranium Recovery in Wyoming}
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\author{Alexander Gebben}
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\institute{Center for Business and Economic Analysis, University of Wyoming}
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\date{2024}
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@ -48,18 +48,24 @@ What is In Situ Mining?
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\includegraphics[width=\textwidth]{Images/Boundry.png}
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\end{frame}
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%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
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\begin{frame}
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\huge
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\centering
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What are the Regulations of In Situ mining?
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\end{frame}
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%%%%%%%%%%%%%%%%%%
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\setbeamercovered{transparent}%still covered={\opaqueness<1->{0}},again covered={\opaqueness<1->{10}}}
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\begin{frame}
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\frametitle{Regulation of In Situ Mines: Aquifer Exemption}
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\only<1>{\onslide<1>\begin{quote}``Any underground injection, except into a well authorized by rule or except as authorized by permit issued under the UIC program, is prohibited.'' \tiny-- 40 CFR \(\textsection\) 144.11
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\end{quote}}
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\only<2->{\onslide<2->\textbf{To start a in situ mine the aquifer must be exempt by the EPA}\footnote{\tiny \citep{cheung2014,usepa2015a}}
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\only<2->{\onslide<2->\textbf{To start an in situ mine the aquifer must be exempt by the EPA}\footnote{\tiny \citep{cheung2014,usepa2015a}}
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\begin{enumerate}
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\onslide<3->\item{Must not currently serve as a source of drinking water}
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\onslide<3->\item{Will not serve as a source of drinking water in the future}
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\begin{itemize}
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\onslide<4->\item{Already highly contaminated (TDS above 10,000 \(\frac{mg}{L}\))}
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\onslide<4->\item{Low population: unlikely to use the groundwater in the foreseeable future.}
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\onslide<4->\item{Low population: unlikely to use the groundwater in the foreseeable future}
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\end{itemize}
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\end{enumerate}
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}
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@ -68,19 +74,19 @@ What is In Situ Mining?
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\begin{frame}
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\frametitle{Regulation of In Situ Mines: Aquifer Restoration}
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\only<1>{\begin{quote}``The primary goal of a restoration program is to return the water quality within the exploited production zone and any affected aquifers to pre-operational (baseline) water quality conditionsd''\tiny--NRC Licensing Standards \citep{luthiger2003}\end{quote}}
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\only<1>{\begin{quote}``The primary goal of a restoration program is to return the water quality within the exploited production zone and any affected aquifers to pre-operational (baseline) water quality conditions''\tiny--NRC Licensing Standards \citep{luthiger2003}\end{quote}}
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\only<2->{\textbf{Aquifers must be restored to a pre-mining state}
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\begin{enumerate}
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\onslide<2->\item{Show all constituents (uranium, selenium, TDS ect.) are returned to original levels}
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\onslide<2->\item{Show all constituents (uranium, selenium, TDS ect) are returned to original levels}
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\onslide<3->\item{Sample groundwater before starting}
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\onslide<4->\item{Sweep the aquifer after completion}
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\begin{itemize}
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\onslide<4->\item{Filter the water and use for irrigation}
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\onslide<4->\item{Inject the water into deeper formation}
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\onslide<4->\item{Filter the water for irrigation}
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\onslide<4->\item{Inject the water into deeper formations}
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\end{itemize}
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\onslide<5->\item{Filter the water that flows in to replace the mined water}
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\onslide<6->\item{Monitor acidity and constituent in water}
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\onslide<5->\item{Filter the water that flows into the mine}
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\onslide<6->\item{Monitor acidity and constituents in water}
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\end{enumerate}
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% \onslide<7->\textbf{Once exempt a aquifer can never be used as a public drinking water source.}
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}
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@ -88,13 +94,9 @@ What is In Situ Mining?
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\begin{frame}
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\frametitle{Regulation of In Situ Mines: Economic Consequences}
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\only<1>{Mines are required to spend more resources to clean aquifers with a low economic value}
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\onslide<2-3>\textbf{Aquifer Exemption Rule}
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\onslide<1-2>\textbf{Aquifer Exemption Rule}
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\begin{enumerate}
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\onslide<2-3>\item{Removes reservoirs from uranium production}
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\onslide<2-3>\item{Uranium can only be extracted from low value aquifers}
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\onslide<2-3>\item{Removes reservoirs from use as a drinking water source (even after restoration)}
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\onslide<2-3>\item{Does not consider opportunity costs}
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\begin{itemize}
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\onslide<3>\item{Is the aquifer best used as a mine or for drinking water?}
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@ -117,9 +119,9 @@ Are current restoration rules efficient?
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\end{frame}
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%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
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\begin{frame}
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\frametitle{In Situ Operations Externalities}
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\frametitle{Are there In Situ Externalities?}
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\begin{itemize}
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\item{\footnotesize If a mine is \emph{not restored}, pollutants move \(\approx\) 500 feet in 100 years.}
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\item{\footnotesize If a mine is \emph{not restored}, pollutants move \(\approx\) 500 feet in 100 years}
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\end{itemize}
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\begin{columns}
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\begin{column}{0.5\textwidth}
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@ -146,14 +148,14 @@ Are current restoration rules efficient?
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}
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\only<2>{
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Uranium resources are typically in rural parts of the State.
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Low land prices in these areas suggest mining is the highest values use.
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\centering
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\includegraphics[width=0.6\textwidth]{Images/Price_Histogram.png}}
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\only<3-4>{
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\textbf{Results}
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\newline
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\onslide<3>{Operating plans of five mines were reviewed.
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\begin{itemize}
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\item{Adds \$4.3 dollar's per pound produced.}
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\item{Adds \$4.3 dollars per pound produced.}
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\begin{itemize}
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\item{Cost vary by geology. \$1.6-\$10.84 per pound}
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\end{itemize}
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@ -178,16 +180,15 @@ Even under the strongest assumptions it is not plausible that the restoration co
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Hedonic models predict land value changes between 0.3\% and 15\% of total value\footnote{\tiny\citep{guignet2015,mukherjee2014}}.
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}
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\only<6>{
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Other factors suggest the actual cost is nearly zero.
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\begin{itemize}
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\item{Most mines are on ranches, not farms or urban areas}
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\item{High groundwater quality provides alternative sources}
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\item{Water is restored naturally over time}
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\item{Home filtration may be more cost effective}
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\end{itemize}
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}
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%\only<6>{
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% Other factors suggest the actual cost is nearly zero.
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% \begin{itemize}
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% \item{Most mines are on ranches, not farms or urban areas}
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% \item{High groundwater quality provides alternative sources}
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% \item{Water is restored naturally over time}
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% \item{Home filtration may be more cost effective}
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% \end{itemize}
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%}
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\end{frame}
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%%%%%%%%%%%%%%%%%%%%%%%%%%%%
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@ -246,6 +247,7 @@ Where \emph{D} is the decline rate of the well, and r is the instantaneous priva
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\item{As \(r C_{Res}\) increases wells are operated longer to avoid retirements costs.}
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\item{If \(r C_{Res}> C_{op}\) the well is never shut down.}
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\item{Unintended consequence of increasing well operating time.}
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\item{1.3 years longer Production}
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\end{itemize}
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\end{frame}
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@ -284,8 +286,13 @@ Where \emph{D} is the decline rate of the well, and r is the instantaneous priva
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\begin{frame}
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\frametitle{Price Shock Over Time}
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\includegraphics[width=\textwidth]{Images/Price_Shock.jpeg}
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\onslide<2>{A 0.66 elasticity translates to a 3.1\% reduction in uranium production, if the regulation add \$4.3 dollars per poind of uranium. }
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\onslide<2>{A 0.66 elasticity translates to a 3.1\% reduction in uranium production, if the regulation add \$4.3 dollars per pound of uranium. }
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\end{frame}
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%%%%%%%%%%%
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\begin{frame}
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\huge Conclusion
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\end{frame}
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%%%%%%%%%%%
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\section{Reference}
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\begin{frame}
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