DBPapers
DOI: 10.5593/sgem2012/s03.v1025

GEOLOGICAL EXPLORATIONS INVESTMENTS – WHAT DOES IT WORTH? (REVIEW OF KOLUBARA COAL MINES, SERBIA)

B. VUCKOVIC, D. NESIC, N. ANDJELKOVIC
Wednesday 1 August 2012 by Libadmin2012

References: 12th International Multidisciplinary Scientific GeoConference, www.sgem.org, SGEM2012 Conference Proceedings/ ISSN 1314-2704, June 17-23, 2012, Vol. 1, 593 - 602 pp

ABSTRACT

This paper gave a partial review of geology exploration investments spent in Kolubara
Coal Mines. More then 50 year ago, the goals were predict on low rank coal (lignite),
but the results of exploration provide a wider aspect of view, especially on non-metallic
complex. The results are significant, more then 1 Bt of lignite are under running on 4
open pits; other 1 Bt are under last phases of designing and in early phase of mining
investments; additional 1 Bt are still under possible resources mean. By the way, few
million hundreds tons of Pliocene Q sands and quaternary gravels stay as additional nice
pair for increases of open pits income. This paper show natural and economic combined
factors of realized geological surveys and its geology cash costs on Kolubara lignite
mines.

Keywords: geology, exploration, investment, cash cost