Mineral Economics

Although profitable development and exploitation of natural resources has been, and still remains, the goal of many individuals and firms within the extractive industries, several new goals must also be considered, the foremost of which is the wise management of the already discovered stocks of renewable and nonrenewable natural resources. This aspect has become of vital importance for society as a whole. It is this dual objective - the economic feasibility on behalf of private interests, and the efficient development and utilization of natural resources as viewed from the societal point of view - that is covered in this book. The material presented is based on many published and unpublished sources, and serves to demonstrate the basic principles associated with the economics and management of mineral resources. Rather than attempting to carry on an in-depth analysis of the various topics, the author has provided a broad coverage of the basic concepts and their applications in real-life occurrences. For those interested in more intensive analysis, suggested additional selected readings and references are provided.