Copper marketing with forward and futures contracts: state-owned and private Chilean firms during the 1990s

The use of futures in copper marketing became common during the 1990s, but little attention has been put on the reasons for it and its relationship with other elements of marketing such as forward sales and premiums. This study focuses on these issues and the benefit of futures relative to annual forward contracts. It argues futures complement annual forward contracts to secure the average market price rather than to maximize revenue. The paper analyzes empirical evidence for the six largest Chilean copper producers. This sample reflects well the entire Chilean industry during the 1990s. The analysis shows that forward sales became more volatile and futures seem to be the instrument to avoid income fluctuation at the end of the marketing process. However, the benefits of futures compared to forward sales are very modest. In the last section we suggest a better marketing instrument to maximize revenue may be premiums.     

Distribution and evolution of genetic caste determination in Pogonomyrmex seed-harvester ants

We examined the distribution and ancestral relationships of genetic caste determination (GCD) in 46 populations of the seed-harvester ants Pogonomyrmex barbatus and P. rugosus across the east-to-west range of their distributions. Using a mtDNA sequence and two nuclear markers diagnostic for GCD, we distinguished three classes of population phenotypes: those with GCD, no evidence of GCD, and mixed (both GCD and non-GCD colonies present). The GCD phenotype was geographically widespread across the range of both morphospecies, occurring in 20 of 46 sampled populations. Molecular data suggest three reproductively isolated and cryptic lineages within each morphospecies, and no present hybridization. Mapping the GCD phenotype onto a mtDNA phylogeny indicates that GCD in P. rugosus was acquired from P. barbatus, suggesting that interspecific hybridization may not be the causal agent of GCD, but may simply provide an avenue for GCD to spread from one species (or subspecies) to another. We hypothesize that the origin of GCD involved a genetic mutation with a major effect on caste determination. This mutation generates genetic conflict and results in the partitioning and maintenance of distinct allele (or gene set) combinations that confer differences in developmental caste fate. The outcome is two dependent lineages within each population; inter-lineage matings produce workers, while intra-lineage matings produce reproductives. Both lineages are needed to produce a caste-functional colony, resulting in two reproductively isolated yet interdependent lineages. Pogonomyrmex populations composed of dependent lineages provide a unique opportunity to investigate genetic variation underlying phenotypic plasticity and its impact on the evolution of social structure.     

Should apple snail Pomacea canaliculata (Caenogastropoda, Ampullariidae) be used as bioindicator for BDE-209?

Apple snail Pomacea canaliculata has been reported to accumulate polybrominated diphenyl ethers (PBDEs) and was recently proposed as PBDE bioindicator. This work investigates the ability of P. canaliculata to accumulate BDE-209 by dietary exposure under controlled experimental conditions. A 30-day long enrichment feeding assay was carried out using 30 adult apple snails, placed in individual aquaria. Food was enriched at three BDE-209 concentrations (400, 4,700, and 8,300 μg g^?1 lipid weight). Correlation between BDE-209 values in food and snail tissue were estimated according to Stockholm Convention suggested criteria for chemicals with K_OW >5. All animals survived with no evident physical alterations, and all of them accumulated BDE-209. BDE-209 levels in tissue samples increased exponentially with the exposure concentration. The bioaccumulation factor vs. food concentration plot showed a peculiar pattern, in which at intermediate concentrations the snails accumulated less BDE-209 than expected. Our results suggest that P. canaliculata would present a detoxification mechanism for BDE-209 different from the most commonly reported metabolic pathways.     

Evaluation of a sustainable remediation option: Beneficial reuse of petroleum-contaminated sediment as an energy source

The characteristics of petroleum-contaminated sediment (PCS) have been evaluated to assess whether the practice of its beneficial reuse as a sole or supplemental energy source is sustainable relative to other sediment remediation options such as monitored natural recovery (MNR), capping, or off-site disposal. Some of these remediation options for PCS are energy-intensive and/or require land utilization. The energy and compositional analysis results indicate a low carbon content (15–17%(wt)) and corresponding low energy values of 5,200 kJ/kg (2,200 Btu/lb) to 5,600 kJ/kg (2,400 Btu/lb). However, given other decision-making criteria, the sediment may contain enough value to be added as a supplemental fuel given that it is normally considered a waste product and is readily available.

The thermogravimetric profiles obtained under both combustion and pyrolytic conditions showed that the sulfur contents were comparable to typical low sulfur bituminous or lignite coals found in the United States, and most of the volatiles could be vaporized below 750°C. The heavy metal concentrations determined before and after combustion of the PCS indicated that further engineering controls may be required for mercury, arsenic, and lead. Due to the potential for reduction of public health and environmental threats, potential economic savings, and conservation of natural resources (petroleum and land), removal of PCS by dredging and beneficial reuse as a supplemental fuel clearly has merit to be considered as a sustainable remediation option.

Implications: This study will provide a logical evaluation process to determine whether petroleum-contaminated sediment can be reused as an energy source. The energy and emissions values were determined and evaluated whether the sediment could be combusted for viable and sustainable use, considering several factors pertinent to evaluate in the remediation decision process. Various analysis methods were employed to determine elemental compositions, heating values, thermal and emission characteristics. This evaluation process may be used as a general methodology for the determination of petroleum-contaminated sediment as a supplemental fuel that may have merit to be considered as a sustainable remediation option.