Which of the following play an important role in economic viability of a mineral reserve 1 Concentra...........

Geography Minerals

Which of the following play an important role in economic viability of a mineral reserve ?

1. Concentration of mineral in iron ore.

2. Ease of extraction.

3. Closeness to market.

1, 2 and 3

2 and 3 Only

1 and 3 Only

None of the above

The three factors that determine the economic viability are as follows

(i) The quality and quantity of mineral concentration in the ore.

(ii) The cost of extraction.

(iii) Location of mines and availability of transport

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