Mining indutry employs two methods when it comes to acquiring new geological resources . One of them involves the company's active presence on the M&A market (Mergers & Aquisitions) and take-overs of mining sites and operations with adequate geological resources of economic potential.
Evaluation Criteria of New Resource Project
The other method of developing the resource base involves a licensed exploration and geological prospecting of designated areas where key mining payers conduct thier individual investigations in the three main areas :
- greenfield exploration - new deposits,
- brownfield exploration - records of previous exploration are available
- in-mine and near-mine exploration - exploration of areas adjacent to the productive assets to exent the life of a mine.