ocr: Mining is not as: simple as finding a deposit and digging it out of the ground. Mining companies have to consider many economic factors. MARKET FORCES Mined resources are just like other products that are bought and sold. If demand for the resource is high, then its price will rise. This makes mining the: resource more profitable. If demand decreases, prices and profits fall, which can lead to mines closing. PRODUCTION COSTS The cost of mining and production operations depends on a number of: factors. When mining forr metals, these include the amount of metal in the ore, how easy it is to extr ...
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