Real-time bulk material analyzing system for analyzing the elemental characteristics of bulk material passing by on a moving conveyor belt, said system comprising - a source of illumination for exciting bulk material to be analyzed, - a spectral sensor for capturing spectral reflectance from bulk material excited by the illumination source, and - a control unit for comparing the captured spectral reflectance to a stored calibration characterized in that - said source of illumination is emitting white light, and - said spectral sensor being a hyperspectral imaging spectrometer producing a two dimensional image, one dimension being the spherical width of the conveyor belt and the other dimension being the wavelength of the reflectance, each point of the image thus representing the amount of energy at a specific wavelength reflected from a specific spot across the conveyor belt, said image data being forwarded to the control unit, - said control unit comprises means for comparing a spectral signature for each specific spot across the conveyor belt having been captured by the spectrometer to a set of stored calibrations representing expected concentrations of previously characterized standards, said spectral signature comprises a continuous spectrum of the amount of energy reflected from the specific spot over a range of wavelength, the real-time bulk material system being configured to gather information of all single spots to get the overall distribution of bulk material, thereby identifying specific elements of the bulk material or their oxides as to presence and concentration via intensities of detected and recognized spectral signatures, and the real-time bulk material analyzing system thereby being configured to monitor each bulk material source so as to correct for richer or poorer grades of the bulk materials by additions of each bulk material as demanded by a control algorithm that obtains real-time chemistry of the bulk materials based on the set comparison and identification. - a source of illumination for exciting bulk material to be analyzed, - a spectral sensor for capturing spectral reflectance from bulk material excited by the illumination source, and - a control unit for comparing the captured spectral reflectance to a stored calibration characterized in that - said source of illumination is emitting white light, and - said spectral sensor being a hyperspectral imaging spectrometer producing a two dimensional image, one dimension being the spherical width of the conveyor belt and the other dimension being the wavelength of the reflectance, each point of the image thus representing the amount of energy at a specific wavelength reflected from a specific spot across the conveyor belt, said image data being forwarded to the control unit, - said control unit comprises means for comparing a spectral signature for each specific spot across the conveyor belt having been captured by the spectrometer to a set of stored calibrations representing expected concentrations of previously characterized standards, said spectral signature comprises a continuous spectrum of the amount of energy reflected from the specific spot over a range of wavelength, the real-time bulk material system being configured to gather information of all single spots to get the overall distribution of bulk material, thereby identifying specific elements of the bulk material or their oxides as to presence and concentration via intensities of detected and recognized spectral signatures, and