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Influence of the time factor on the availability of deposits of nonferrous metals

Author

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  • Kharitonova, M.
  • Mikhailov, A.
  • Matsko, N.

Abstract

This study presents a probabilistic approach to the assessment of mineral deposits availability. This approach takes into account the joint influence of decision making involving deposits in development and the difficulty in formalizing socio-economic factors. Using this approach, we designed a model for estimating the availability of deposits with regard to the influence of the length of time elapsed prior to beginning development; values for copper deposits in Russia, the USA and Canada were calculated. The characteristics of mineral resources are determined by an experimental method for these countries. These characteristics are defined by periods when the time factor has a positive influence on deposit availability.

Suggested Citation

  • Kharitonova, M. & Mikhailov, A. & Matsko, N., 2013. "Influence of the time factor on the availability of deposits of nonferrous metals," Resources Policy, Elsevier, vol. 38(4), pages 490-495.
    • Handle: RePEc:eee:jrpoli:v:38:y:2013:i:4:p:490-495
    DOI: 10.1016/j.resourpol.2013.06.006
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    References listed on IDEAS

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    1. Margaret E. Slade & Henry Thille, 1997. "Hotelling Confronts CAPM: A Test of the Theory of Exhaustible Resources," Canadian Journal of Economics, Canadian Economics Association, vol. 30(3), pages 685-708, August.
    2. Pindyck, Robert S, 1978. "The Optimal Exploration and Production of Nonrenewable Resources," Journal of Political Economy, University of Chicago Press, vol. 86(5), pages 841-861, October.
    3. William D. Nordhaus, 1973. "The Allocation of Energy Resources," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(3), pages 529-576.
    4. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
    5. Jeffrey A. Krautkraemer, 1998. "Nonrenewable Resource Scarcity," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 2065-2107, December.
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    Cited by:

    1. Northey, S. & Mohr, S. & Mudd, G.M. & Weng, Z. & Giurco, D., 2014. "Modelling future copper ore grade decline based on a detailed assessment of copper resources and mining," Resources, Conservation & Recycling, Elsevier, vol. 83(C), pages 190-201.
    2. Castillo, Emilio & Roa, Cintia, 2021. "Defining geological maturity: The effect of discoveries on early-stage mineral exploration," Resources Policy, Elsevier, vol. 74(C).
    3. Emilio Castillo & Roderick Eggert, 2019. "Reconciling Diverging Views on Mineral Depletion: A Modified Cumulative Availability Curve Applied to Copper Resources," Working Papers 2019-02, Colorado School of Mines, Division of Economics and Business.

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    More about this item

    Keywords

    Mineral resources; The availability of deposits; Probability involvement in the development; The time factor;
    All these keywords.

    JEL classification:

    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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