This textbook provides an introduction to the field of mineral economics and its use in understanding the behaviour of mineral commodity markets and in assessing both public and corporate policies in this important economic sector. The focus is on metal and non-metallic commodities rather than oil, coal, and other energy commodities. The work draws on John Tilton's teaching experience over the last 30 years at the Colorado School of Mines and the Catholic University of Chile, as well as short courses for RioTinto and other mining companies. This is combined with the professional consulting and academic research of Juan Ignacio Guzmán over the past decade, in order to demonstrate the industry application of the economic principles described in the earlier chapters. The book should be an ideal text for graduate and undergraduate students in the fields of mining engineering and natural resource economics and policy. It should also be of interest to professionals and investors in mining and commodity markets, and those undertaking continuing education in the mineral sector.

International Mineral Economics provides an integrated overview of the concepts important for mineral exploration, mine valuation, mineral market analysis, and international mineral policies. The treatment is interdisciplinary, drawing on the fields of economics, geology, business, and mining engineering. Part I, Economic Geology and Mineral Development, examines the technical concepts important for understanding the geology of ore deposits, the methods of exploration and deposit evaluation, and the activities of mining and mineral processing. Part II, Mineral Economics, focuses on the economic and related concepts important for understanding mineral development, the evaluation of exploration and mining projects, and mineral markets and market models. Finally, Part III, International Mineral Policies, reviews and traces the historical development of the policies of international organizations, the industrialized countries, and the developing countries.

This textbook provides an introduction to the field of mineral economics and its use in understanding the behaviour of mineral commodity markets and in assessing both public and corporate policies in this important economic sector. The focus is on metal and non-metallic commodities rather than oil, coal, and other energy commodities. The work draws on John Tilton's teaching experience over the last 30 years at the Colorado School of Mines and the Catholic University of Chile, as well as short courses for RioTinto and other mining companies. This is combined with the professional consulting and academic research of Juan Ignacio Guzmán over the past decade, in order to demonstrate the industry application of the economic principles described in the earlier chapters. The book should be an ideal text for graduate and undergraduate students in the fields of mining engineering and natural resource economics and policy. It should also be of interest to professionals and investors in mining and commodity markets, and those undertaking continuing education in the mineral sector.

For any country’s economy, mineral resources form an important part in generating revenue and increasing its GDP. Therefore, learning the economics behind mines and minerals becomes mandatory and logical. This book investigates and promotes understanding of economic and policy issues, programmes and strategies for exploration, mining, beneficiation and marketing activities. Divided into ten chapters, the book puts emphasis on elaborating the principles of mine and mineral economics. The introductory chapter discusses the scope of the subject and the issues addressed by it. Outline of reserve-resource dynamics and the recent approaches towards estimating ore-reserves are then elaborated, followed by a discussion on mineral availability. Focus is then shifted to more technical and quantitative aspects of mineral sampling. Issues relating to mineral property evaluation and project feasibility assessment are then taken up. Both quantitative and logical aspects of mine finance and accounting have been discussed. Nitty-gritties of mine taxation are further outlined and the reader is introduced to aspects relating to marketing and trading of minerals. Distinctive features of the mineral policies of a few countries are highlighted while discussing the characteristic features of a national mineral policy. The last chapter of this book is on mineral industry and the environment.

One of the most significant resource-development and industrial-policy issues facing the United States today is the continued decline of domestic production and processing of metallic minerals and the associated dependence on foreign supplies for our needs. Domestic mining and processing industries have suffered from various economic problems and i

Written for students and professionals, this revised textbook surveys the mineral industry from geological, environmental and economic perspectives. Thoroughly updated, the text includes a new chapter on technology industry metals as well as separate chapters on mineral economics and environmental geochemistry. Carefully designed figures simplify difficult concepts and show the location of important deposits and trade patterns, emphasising the true global nature of mineral resources. Featuring boxes highlighting special interest topics, the text equips students with the skills they need to contribute to the energy and mineral questions currently facing society, including issues regarding oil pipelines, nuclear power plants, water availability and new mining locations. Technical terms are highlighted when first used, and references are included to allow students to delve more deeply into areas of interest. Multiple choice and short answer questions are provided for instructors online at www.cambridge.org/kesler to complete the teaching package.

"The book provides an overview of the mineral industry, policy issues, related acts and legislation and the socio-economic scenario of the mining sector. It gives an understanding of historical development of policies and the position of Indian mineral sector with respect to other industrialized nations that can help the mineral industry to become globally competitive. It also evaluates the contribution of the mining sector to sustainability and development of both. This book provides a comprehensive picture of the mineral sector, challenges faced by the industry and sustainable development of mineral resources. It is primarily based on the information made available by the government agencies in the public domain. However, such information is sporadic, inconsistent, and difficult to interpret. Continuous mining of minerals, the discovery of new mineral deposits, and import-export-stockpiling of minerals greatly influences the economics of mineral commodities. These data must be perpetually updated in order to provide future perspective and frame the policies at the government level. Therefore there is always a need for an updated, compiled and properly interpreted database in respect to the contemporary world scenario. It is in this perspective that the proposed book has been designed"--