Application of Geological-Economic Models in Strategic Planning of Production on Mineral Deposits

Abstract

The complexity of the modern market conditions of companies in the mineral sector and mineral economy
and the need for competitive business requires a complex analysis of a whole range of internal and external factors.
The group of internal factors includes partly the classical factors related to the company's business, which are engaged
in the exploration and exploitation of mineral resources. The other part includes specific factors that are related to the
production specifics conditioned by the characteristics of mineral raw materials, which is the subject of geological
exploration, exploitation and market valorization. A group of external factors also partly encompasses the classic
factors of market appearance, and the other part of the specificity of mineral sorts as market products, of which the
business success depends directly. A special professional challenge from the geological-mining-technological point of
view is defining and encompassing part of internal and external factors and accompanying production problems
related to the subject metal, non-metallic and energy mineral raw materials. Their comprehensive treatment,
processing and display, in modern conditions, can be successfully innovated through the application of a complex
method of geological-economic evaluation, and in particular modeling methods through practically suitable
geological-economic models. The current models become successful modern strategic planning, managerial and
economic tools, which by incorporating in the short-term and long-term planning and realization of the production of
mineral raw materials provide the opportunity for more successful operations of the mineral sector companies.