Mineral Economics has emerged as a well-recognised specialised discipline in a number of developed countries as well as in India. What was however lacking, was a constant and systematic appreciation of the economic theories and principles that are related to the different facets of mineral development. The first edition of this book published in 1993, filled that long standing void in a logical and lucid manner. After 1993, there has been a sea-change in the economic environment and the mineral sector has not been immune to the wave of globalisation and liberalisation, that has been sweeping India and other countries.

Hence, a revision of the book has become necessary. This revised and enlarged edition will be of immense help to the teachers, students and professionals, concerned with either economics or with minerals, and all others who want to have an insight into this vital subject. It deals with the entire gamut of economic activities concerning minerals.