Mathematical Modeling of Exhaustion Process of Extracted Mineral Resources Using the Example of Natural Uranium
Abstract
This paper is devoted to the development of mathematical models of exhaustion process of extracted mineral resources. Our new model combines the advantages of previous models and is devoid of their disadvantages. The model uses the transition of the growth rate of extraction of mineral resource to stationary value. The initial known parameters of the model include the explored residual volume of the mineral resource, the initial volume of its extraction, the initial growth rate of its extraction, and the indicator of decreasing rate of extraction growth. The model is applied using the example of predicted extraction and exhaustion of natural uranium.
 Publication:

Physics of Particles and Nuclei Letters
 Pub Date:
 April 2020
 DOI:
 10.1134/S1547477120020089
 Bibcode:
 2020PPNL...17..250I
 Keywords:

 mineral resource;
 explored volume;
 rate of increase;
 mathematical model;
 dynamic process of resource exhaustion