An analysis the effects of changes in price of metal and operating costs to the profit in exploitation the copper ore deposits, a case study: Copper mine Majdanpek, Serbia

Abstract

Mining is the process of extracting a naturally occurring material from the earth to derive a profit. Whether the company make a profit or not depends on many economic parameters, among which the most important are the metal prices on the world market and realized operating costs in the process of exploitation. This work presents the influence of copper price change and value of operating costs on the generated cash flows, i.e. profit, in the case of the open pit South Mining District, which operates within the Copper Mine Majdanpek, Serbia.