Chemical Processors Can Pose Tough Hurdles To Would-Be Suppliers Of Industrial Minerals

For mining engineers and geologists accustomed evaluating metallic mineral deposits, the problems inherent in determining the worth of non- metallic industrial minerals deposits for the chemical processing industry often comes as a rude shock. These difficulties lead to different, and often much greater, problems in financing the development of such deposits than would normally be anticipated for economic sources of copper, molybdenum, iron, nickel and other metallic minerals. The chemical processing industry is one of the two principal consumers of non-metallic mineral production, the other being the construction industry. In the last decade, the volume of industrial minerals consumed by chemical processers has in- creased by 30%, and further increases are forecasted. To satisfy this growing demand, many new sources of these minerals must be found and developed. For those of us who will become involved in such work, the following brief analysis of the major problems to be expected may be of help in developing a realistic approach to evaluating and financing such a deposit and selling the product to consumers.