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Mineral Economics (Hardcover, 4th Revised edition)
Search SpringerLink Search. In respect of the actual case situation situation 3the foremost of which is the wise management of the already discovered stocks of renewable and nonrenewable natural resources. Although profitable development and exploitation of natural resources has been, the profitability and the pay off ratios have been found to be approximately equal. Location and spatial aspects of extractive activities.
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Sinha, Y. Submit a Review. Sekine, D. About this article Cite this article Sarma, R. Mineral economic : a textbook for university students.
An approach to prospecting for minerals which quantifies the risk involved in exploration ventures is suggested in this paper. This approach is based on three factors viz. An operational equation which takes into account the number of ventures, probability factors P1, P2, P3 and the estimated mining costs for a given region has been employed to assess the likely returns. Three case situations in respect of copper prospects at Ingladhal have been analysed and the probability and pay off ratios have been worked out in each of these situations. In respect of the actual case situation situation 3 , the profitability and the pay off ratios have been found to be approximately equal to 6.
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