TECHNOLOGY FOCUS - INORGANIC CHEMISTRY - Preferred Components: The second metal in the process (M1) is selected from iron, molybdenum, nickel, manganese, vanadium, tungsten, copper, titanium, chromium and tin (preferably iron). The active source of cobalt and the active source of the second metal form a catalyst composition having a formula: ((R)p)i((M)t)a((L)u)b((S)v)d((C)w)e((H)x)f((O)y)g((N)z)h.R=optional element selected from a lanthanide element or alkaline earth metal;M=cobalt;L=at least a d-block element metal different from the d-block element metal M (preferably iron, molybdenum, manganese, vanadium, tungsten, nickel, copper, titanium, chromium, platinum, palladium, cerium, zirconium, zinc or tin, especially iron);i=0-1;b/a=greater than 0 to 5;d=0.5(a+b)to 5(a+b);e=greater than 0 to 11(a+b);f=greater than 0 to 7(a+b);g=greater than 0 to 5(a+b);h=greater than 0 to 2(a+b);p and t-z=total charge for each of M, L, S, C, H, O and N, respectively.The sum of pi+ta+ub+vd+we+xf+yg+zh is 0.    TECHNOLOGY FOCUS - ORGANIC CHEMISTRY - Preferred Process: The process (M1) involves: (a) preparing a combination of the solid carbonaceous material, at least one hydrocarbonaceous liquid, at least one active source of cobalt, and at least one active source of the second metal; and (b) passing the combination to a hydroconversion reaction zone and maintaining the solid carbonaceous material at a reaction temperature of greater than 350 degrees C and a pressure of 300-5000 psig to convert at least a portion of the solid carbonaceous material to a liquid product boiling up to 650 degrees C. The step of preparing the combination involves: (a) preparing a mixture comprising at least one active source of cobalt and at least one active source of a second metal; (b) combining the mixture with coal to form catalyst-containing coal particles; and (c) providing a hydrocarbonaceous liquid to the catalyst-containing coal particles to prepare the combination. The process further involves drying the catalyst-containing coal particles prior to the step of passing the combination to the hydroconversion reaction zone. The mixture further comprises a surfactant. The process further involves supplying an active source of sulfur to the combination. The active source of sulfur is supplied at an atomic ratio of sulfur to metal of 0.1:1 to 10:1. The process further involves: supplying hydrogen or hydrogen-containing gas to the hydroconversion reaction zone; pretreating the combination at 100-350 degrees C, for 5-600 minutes prior to passing the combination to the hydroconversion reaction zone; pretreating the combination in the presence of an active source of sulfur or in the presence of hydrogen or a hydrogen-containing gas. The cobalt and the second metal are each present in an amount of 10 ppm to 10 wt.%, based on dry, ash free coal. The cobalt and the second metal are present in a molar ratio of 0.1:1 to 10:1. The process further involves: converting at least 25 (preferably 30-99) wt.% of the solid carbonaceous material to a liquid product boiling up to 650 degrees C; and maintaining the solid carbonaceous material at 350-800 degrees C. EXAMPLE - A solution of a mixed catalyst precursor iron nitrate (Fe(NO3)3.9H2O) and cobalt nitrate (Co(NO3)2.6H2O) in methanol was prepared. A sample of moisture-free coal feed having a particle size of less than 100 mesh was impregnated to incipient wetness with the solution, at a solution to coal weight ratio of 1:1, to yield an iron to coal loading on a dry, ash-free (daf) basis of 1 wt.% iron and cobalt to coal loading on a dry, ash free basis of 1 wt.% cobalt. The catalyst impregnated coal was dried at 105 degrees C to remove the methanol. The dried catalyst impregnated coal was mixed with a process oil (500 degrees F) as solvent, at a solvent to coal ratio of 1.6:1. Elemental sulfur was added to sulfide the iron and cobalt, at a sulfur to iron molar ratio of 2:1, and a sulfur to cobalt ratio of 2:1. The mixture was heated quickly to 200 degrees C, and held for 2 hours, while the hydrogen partial pressure was increased from 100 psia to 1000 psia. The mixture was further heated to 430 degrees C, and held for 3 hours under a hydrogen partial pressure of 2500 psia. After 3 hours the reaction vessel containing the sulfided solvent and coal mixture, hydrogen and reaction products was quenched to room temperature. The product gases (CO, CO2, and C1, C2 and C3 hydrocarbons) were vented through a wet test meter to determine the gas yield. Solids, primarily unconverted coal, ash and catalyst sulfide were separated from liquid products (C4+) by filtration. The coal conversion was determined and was as follows: the liquid yield: 72.8%; coal conversion: 97.6%; and gas yield: 16.8%.