Mineral Economics
Mineral Economics is a specialized field that applies economic principles to the entire mineral value chain, from exploration and extraction to processing, marketing, and eventual mine closure. It addresses the unique economic challenges posed by mineral resources, including their non-renewable nature, the high-risk and capital-intensive character of mining investments, and the volatility of global commodity prices. This discipline provides essential analysis for corporate investment decisions, market forecasting, and the formulation of public policy regarding resource taxation, environmental regulation, and sustainable development.
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