GEOPHYSICAL METHODS: ECONOMICAL TOOLS IN STRATEGIC PLANNING FOR MINING METALLIFEROUS DEPOSIT

Mining of mineral deposits is never properly done in isolation, nor is it an entity in itself. It is usually preceded by geologic and geophysical investigations which locate the deposits and economic analyses that prove it financially feasible. If proper investigations are not done using geophysical and geological methods, it can lead to waste of resources. Applications of geophysics in the realm of mining engineering is not a new research but it has not been discussed before has a key component of strategic planning in mine operation. Metalliferous mining industry as a whole has been slow to introduce geophysics into mines. Geophysics has the potential to reduce risks in mine development. Geophysical methods if appropriately applied, can improve performance in a number of spheres, including cost per tonne, safety, and environmental impact. This research reviewed geophysical methods as economical tools in strategic planning for mining metalliferous deposits with the intention of guiding mining companies in effective performance and maximize profit