Abstract
An ore is merely a rather rare rock type. It consists of one or more valuable metallic minerals mixed with worthless gangue. The grade, i.e., metal content of an ore varies from deposit to deposit. Whether an ore can be mined is a question of costs and metal prices. Mining cost depends to a large extent on the geology of the ore body and its mineralogy, for these largely determine the mining method. Metal price is a function of demand conditions and the rarity of the metal in question.
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© 1994 Springer-Verlag Berlin Heidelberg
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Hung, N.M., Quyen, N.V. (1994). Theoretical Resource Exploration Over Space and Time. In: Dynamic Timing Decisions Under Uncertainty. Lecture Notes in Economics and Mathematical Systems, vol 406. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-51508-8_5
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DOI: https://doi.org/10.1007/978-3-642-51508-8_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-57649-5
Online ISBN: 978-3-642-51508-8
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