Prashant Edla

Mineral Economics UNIT-1:-Introduction Uniqueness and economic importance of mineral industry; Concept & classification of mineral resource; Geographical distribution of important Mineral deposits and mining fields in India; National mineral policy, Computation of Reserves Students can download unit 1 PDF from here. UNIT-2:-Mine Sampling Definition, purpose and scope; Size of sample; Classes of sample; Methods of sampling; Errors in sampling; Salting; Safeguards against salting. Students can download unit 2 PDF from here. UNIT-3:-Valuation of Mineral Property Examination and valuation of mines/mineral properties; Time value of money; Present value & its computation; Life of a mine; Concepts of redemption of capital, depreciation; Preparation of valuation reports. Students can download unit 3 PDF from here. UNIT-4:-Conservation of Mineral Resource Scope and limitations; Losses of minerals in mining; Dilution and recovery ...

ECONOMIC IMPORTANCE OF MINERALS The significance of mineral resources embraces several areas. They are an integral part of industrial development , economic progress and national  security . Mineral resources are related to significant economic activity  that converts natural mineral wealth into goods for industrial and domestic  consumption. Minerals  are important  to our health, we need small amounts of a wide variety  of minerals like calcium, phosphorus, sulphur, copper, floride, iron and zinc. coal, oil and natural  gas provide us with almost all of he energy we use to light, heat and run our world. Minerals are ingredients  in almost all  of the products we use from fertilizer, plastics, toothpaste, medicines. Minerals also play an important  role in the processing of materials. Bentonite is important  i...