PRACTICAL APPLICATION OF INDICATORS OF THE ECONOMIC EVALUATION OF MINERAL RESERVES IN BUSINESS OPERATIONS OF THE MINERAL SECTORCOMPANIES

Abstract

The complexity of the business
conditions of the mineral sector companies
requires the application of various data and
information dominantly related to geological,
mining, technological and economic aspects of
operations. The special complexity is reflected in
the interrelation between the mentioned aspects,
which appears in the geological-economic analysis
of the conditions and method of utilization of
mineral reserves from the deposit and the
perception of the profitability of such work. A
significant part of the analyzed factors and
indicators of the economic evaluation of the
deposits by the analytical basis is related to the
variability of the qualitative and quantitative
characteristics of the mineral reserves, which has
significant consequences on the balance of
reserves and the degree of economic viability of
their valorization. The complete coverage of
relevant factor and indicator information is
carried out through the appropriate method of
geological and economic analysis, the final
expression of which is the economic evaluation of
mineral reserves. These data and information are
particularly relevant for making appropriate
business decisions in the operations of the mineral
sector companies.