Lectures and Thoughts on Mineral Economics
In: Economic Issues, Problems and Perspectives
Intro -- Library of Congress Cataloging-in-Publication Data -- Contents -- Preface -- List of Figures -- Introduction to Mineral Economics -- Geology and Mineral Economics -- Scope of Mineral Economics -- Study of Mineral Economics -- History of Mineral Economics in the World -- Status in India -- Mineral Demand Analysis -- Importance of Demand in Economy and Planning -- Growth of Realization -- Role of Minerals in the Final Demand in a Country -- Nature of Mineral Demand -- Meaning of Demand -- Law of Demand and Supply -- Complexity of Mineral Demand -- Future Demand -- Basic Data -- Demand Forecasting -- Feedback Analysis -- Exploration Project Management- Issues and Strategies -- Stages of Exploration -- 1. Selection of Mineral -- 2. Selection of Target Area -- 3. Target Fixation for Quantum of Exploration -- 4. Exploration Operation -- Regulatory Regime for Exploration in India -- Cost of Exploration -- Evolution of Modern Mineral Resource Classification System -- Commonly Used Terms -- Estimation of Resource and Reserve -- Classification of Mineral Resources -- Basic Principles of Classification -- Brief History -- Modern Classification Systems -- 1. JORC Code (Australia) -- 2. IMMM (UK) -- 3. SAMREC (South Africa) -- 4. SME (US) -- 5. CIM (Canada) -- 6. Russian System (1996) -- 7. UNFC System (1999) -- 8. Oil and Gas Resource Classification System (1997) -- 9. Uranium Resource Classification System -- The Status in India -- 1. Indian Classification System -- 2. Implementation of UNFC System in India -- (a) Conversion of National Mineral Inventory -- (b) Formulation of Field Guidelines -- i. Exploration -- ii. Feasibility Study -- Economic Viability Testing -- (c) Legislation -- Estimation of Life index of Mineral Resources -- Mineral Exploitation- Maintaining Bottom Lines -- Reserves and Exploration.