Ore grade estimation is a key aspect in the evaluation of a mineral deposit. In this paper an alternative approach to currently applied methods of ore grade estimation is presented. This alternative approach involves a modular neural network system integrated in a state of the art 3D resource modelling package. The need for a new method of ore grade estimation comes from the difficulties in app...

An efficient empirical statistical method is developed to improve the process of mineral resource estimation seabed polymetallic nodules and applied analyze abundance in Clarion Clipperton Zone (CCZ). The newly proposed based on three hypotheses as foundation for a model “idealized nodules”, which was validated by analyzing nodule samples collected from within Tonga Offshore Mining Limited (TOM...

The economic assessment of mining projects includes many factors and resource classification is critical at any stage of mining. The quality of resource classification is a key requirement for accurate economic and environmental risk evaluation. The results of economic assessment are usually reported by companies in order to attract investors. Mineral resource classification standards were crea...

Economists inside and outside of the Austrian-school tradition have formulated a subjectivist theory of mineral resources. While von Mises (1940) presented a rudimentary theory, institutionalist Zimmermann (1933 and after) provided an indepth mind-centered approach distinct from the objective, neoclassical theory for minerals developed by Jevons (1865, 1866), Gray (1913), and Hotelling (1931). ...