Topic 2

Question 1

refers to the total expenses incurred to extract and process minerals from the earth. This also includes the Location of Resources and Quality of the Ore.

Answer 1

Production Cost

Question 2

involves the techniques used to isolate valuable minerals from the unwanted material (gangue) in the ore.

Answer 2

Ore Separation

Question 3

refers to the subsequent steps taken to convert the separated minerals into usable forms.

Answer 3

Ore processing

Question 4

refer to the influence of geographical, political, and economic dynamics on international relations and global events. Includes trade policies and Mining Laws and Regulations.

Answer 4

Geopolitical Factor

Question 5

refers to a set of laws, guidelines, and standards aimed at protecting the environment and public health from the
impacts of mining activities.

Answer 5

Environmental Regulations

Question 6

Driven by industrial use, consumer needs, and technological advancements (e.g., electric vehicles).

Answer 6

Demand

Question 7

Influenced by geopolitical issues,
regulations, and availability of resources.

Answer 7

Supply

Question 8

Speculation and investor behavior can cause price fluctuations

Answer 8

Market Sentiment

Question 9

Varies by region; strict rules
increase costs and limit supply.

Answer 9

Regulation

Question 10

Land disputes or environmental
concerns can delay or block mining.

Answer 10

Conflicts:

Question 11

Fuel prices, infrastructure,
and distance impact transport costs

Answer 11

Logistics Costs

Question 12

Routes through politically
unstable areas increase costs and risks

Answer 12

Geopolitical Risks

Question 13

Metal prices, often in
USD, can fluctuate with currency values,
affecting profitability for countries using
other currencies.

Answer 13

Exchange Rates

Question 14

Automated machinery, drones, and AI-powered equipment are revolutionizing mining, reducing labor costs, increasing precision, and boosting productivity.

Answer 14

Automation and Robotics

Question 15

Technologies like 3D geological modeling
and remote sensing make it easier to locate rich ore deposits with greater accuracy.

Answer 15

Advanced Exploration

Question 16

Big data and AI allow for more accurate predictions of metal demand, optimizing production schedules and supply chain
management, reducing overproduction, and minimizing costs

Answer 16

Predictive Analytics

Question 17

The potential for finding
economically viable mineral
deposits is a fundamental risk

Answer 17

PROSPECTIVITY

Question 18

Exploration activities are
inherently risky due to the
uncertainty of discovering
viable mineral deposits

Answer 18

EXPLORATION

Question 19

Exploration to development
transition encounters cost
overruns and project delays

Answer 19

DEVELOPMENT

Question 20

Operational risks arise
from various factors such
as equipment failure, labor
shortages, and safety
incidents.

Answer 20

Mining

Question 21

The mining sector has
experienced a significant rise
in operational costs driven by
LABOR COSTS, INPUT COSTS,
ENERGY COSTS

Answer 21

Increasing Cost

Question 22

is a rare metallic element with a melting point of 1064 degrees centigrade and a boiling point of 2808 degrees centigrade

Answer 22

Gold

Question 23

Its chemical symbol, Au, is short for the Latin word for gold

Answer 23

‘Aurum’, which literally means ‘Glowing Dawn’
.

Question 24

Top Gold Market

Answer 24

China
USA
India
Hongkong
Japan
Russia
Turkey
Canada
Germany
UK