Mining exploration is a very vibrant industry for many countries. It is a great way to determine if a country has valuable materials that could one day help the economy flourish. But before the process begins, it must be determined if it is too expensive to mine for various geological finds. This can be a lot to ponder and balance. Just because a resource has been found, the equipment and time needed to extract it may be too expensive in the long run.
Does it make sense for a country to mine for valuable resources? Many things can affect this decision. Maybe there hasn’t been much focus placed on mining for resources. This depends on previous mining history. Were there other finds of value or were past mining explorations just a waste of time? The answer to this question usually impacts a country’s future mining decisions.