What is Mineral Economics?

megalodon

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Mineral Economics is a branch of Geology that deals with the economic and policy issues associated with the production and use of minerals. The subject is important for legal compliance in several industries. The subjects Mineral Economics and Economic Geology are taught as a part of one another depending on the course. It's rare to have them taught separately. Economic Geology is the study of metals, non-metallic minerals, coal, petroleum and natural gas. The subject is mostly associated with mineral exploration.

Mineral Economics deals with the permissions required for mineral exploration, mining lease, production, environmental policies etc. Generally, Geologists take care of all these permissions based on the proposed mining plan. The policies and regulations change from country to country and state to state.
 

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