Strategic Definition of Direct Economic Effects of Valorization of Mineral Raw Materials from Ore Deposits in Mineral Production

Abstract

In modern market conditions, determining the economic viability of geological exploration and exploitation of mineral resources is accompanied by a number of traditional and new influencing factors, which need to be analyzed. The complexity of the economic evaluation of mineral reserves stems from the fact that the valorization of mineral resources is carried out in the age of exploitation, which for most ore deposits is longer than a decade. In the subject economic evaluation, it is especially important to consider the current traditional and new factors on the profitability of mineral resources. In the case of certain current events in the mineral sector of Serbia, related to geological exploration and potential exploitation of deposits, economic viability is important from the point of view of the company, but especially from the point of view of the community and additional economic benefits from production activation. The main goal is to realistically consider and plan the successful operation of the company with the most favorable contribution to the community based on the valorization of mineral resources. In the preparation of the necessary data and the accompanying analysis, the expert economic evaluation of the mineral reserves and the mineral deposit in question is of special importance. The method of expert economic evaluation, with the application of comparative analysis, enables efficient collection, processing and interpretation of necessary value indicators, necessary for strategic decision-making on mineral production, with economic profitability, with appropriate direct economic effects on the company and society.