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Gilconite is a natural, carbon-rich mineral that is primarily composed of organic matter and is typically found in sedimentary deposits. It is used in various industrial applications, including as a binding agent in the production of refractory materials and as a fuel source due to its high carbon content. Gilconite is also sought after in the oil and gas industry for its potential use in enhancing oil recovery processes. Its unique properties make it a valuable resource in several sectors.
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