Asked by Gordana Zezovski on Jun 04, 2024
Verified
According to some analysts,mining of low-grade ores may be limited by energy costs and the environmental effects of the resultant pollution.
Low-Grade Ores
Ores that contain a relatively low concentration of the desired metal, requiring more extensive and often more expensive processing to extract the metal.
Energy Costs
The financial expenditure associated with the consumption or production of energy, influenced by factors like supply, demand, and resource availability.
Environmental Effects
The changes to the natural environment caused by human activities or natural processes, impacting ecosystems, wildlife, and human health.
- Understand the economic dimensions of mining, such as depletion time and how mineral scarcity influences market prices.
Verified Answer
Learning Objectives
- Understand the economic dimensions of mining, such as depletion time and how mineral scarcity influences market prices.
Related questions
When Has a Mineral Resource Been Economically Depleted ...
Most of the World's Easily Accessible High-Grade Mineral Deposits Have ...
Chasteen Company Acquired Mineral Rights for $9,100,000 ...
Depletion Is Computed by Multiplying the Depletion Cost Per Unit ...
The Method Most Commonly Used to Compute Depletion Is the ...