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Introduction and General Concepts Read chapter Read first chapter

2018 | OriginalPaper | Chapter

4. Mineral Resource Evaluation

Author : Manuel Bustillo Revuelta

Published in: Mineral Resources

Publisher: Springer International Publishing

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Abstract

Mineral resource evaluation should provide a basis on which economic decisions can be taken. At least, four aspects can be identified if a mining project is evaluated, technical, economic/financial, social, and political; this chapter introduces the first two. The technical aspects include all matters related to the geological setting of the deposit, characteristics of the mineralization (grade, tonnage), and technology that determines the production system. A general introduction to geostatistics from the conceptual viewpoint is provided as well as the main classical methods used in mineral deposit evaluation. As regards the economic/financial aspects, they cover the economic inputs and outputs in the project and the amount, type, and cost of capital forthcoming for a project. On this subject, net present value, internal rate of return, payback period, as well as risk analysis are included. Some case studies are presented to illustrate the main methods used in mineral resource evaluation.

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previous chapter Mineral Resource Exploration
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Metadata
Title
Mineral Resource Evaluation
Author
Manuel Bustillo Revuelta
Copyright Year
2018
Book
Mineral Resources

Print ISBN: 978-3-319-58758-5

Electronic ISBN: 978-3-319-58760-8

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-58760-8_4