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3 cards from this section. Quick, good the night before a test.
Define physical factors in mining.
Think about what physical attributes affect mining.
What are economic factors?
Consider the financial aspects of mining.
What are physical factors in mining?
Focus on attributes of the ore found.
Economic factors only influence mining when demand is high.
Think about how investment is still needed.
Given a scenario where a mining company must choose between investing in a low-grade deposit in an economically depressed area or a higher-grade deposit in a remote location, discuss the factors they should consider in their decision.
Evaluate overall profitability and feasibility.
Devise a strategy for a mining company to address environmental concerns while remaining profitable.
Think about how balancing economic and environmental factors can create new opportunities.
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