Benefit-cost assessment programs: Costa Rica case study
- East-West Center, Honolulu, HI (United States)
- Los Alamos National Lab., NM (United States)
An assessment of mineral potential, in terms of types and numbers of deposits, approximate location and associated tonnage and grades, is a valuable input to a nation's economic planning and mineral policy development. This study provides a methodology for applying benefit-cost analysis to mineral resource assessment programs, both to determine the cost effectiveness of resource assessments and to ascertain future benefits to the nation. In a case study of Costa Rica, the benefit-cost ratio of a resource assessment program was computed to be a minimum of 4:1 ($10.6 million to $2.5 million), not including the economic benefits accuring from the creation of 800 mining sector and 1,200 support services jobs. The benefit-cost ratio would be considerably higher if presently proposed revisions of mineral policy were implemented and benefits could be defined for Costa Rica.
- OSTI ID:
- 6918536
- Journal Information:
- Materials and Society; (United States), Vol. 15:4; ISSN 0146-6399
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
COSTA RICA
RESOURCE ASSESSMENT
MINING
COST BENEFIT ANALYSIS
COPPER
ECONOMIC IMPACT
GEOLOGIC DEPOSITS
GOLD
MANGANESE
NICKEL
CENTRAL AMERICA
DEVELOPING COUNTRIES
ECONOMIC ANALYSIS
ECONOMICS
ELEMENTS
LATIN AMERICA
METALS
TRANSITION ELEMENTS
290400* - Energy Planning & Policy- Energy Resources
290201 - Energy Planning & Policy- Economics- (1992-)