Assessment of Rental Income in Mineral Processing For Rare Earth Deposits

"The article presents the materials about the appropriateness of the use of rental indices to assess the effectiveness of the use of deposits of rare earth elements (REE). The authors suggest from the standpoint of rent payments to rate for the owner the possibility of using the anticipated rental income as the indicator for the analysis of preferences and economic significance of enrichment of extracted raw materials in the emerging field of rare earth metals (REE). Usually from ore mined at the fields, for flotation technology to produce concentrates with collective REE, then they are subjected to chemical-metallurgical processing of the received products are divided into pure oxides, chemical compounds or isolated from them pure metals and alloys. This commercial product is shipped to the buyer. REE were a non-renewable natural resources, so the calculations for determining differential and specific rent showed that during the development of the technologies of mineral processing of a specific field it is necessary to consider what the expected rental income depends on the magnitude of differential rent is related to the volume of production of REE for the whole planned period of exploitation of natural resources. This income is determined by the amount of stock field. For long-term exploitation of the deposit is observed in almost direct proportional dependence between the annual differential rent and the rental income. The decrease in rents in the long run is determined by the change in the composition of ores included in the extracted raw materials and the balance between light and heavy REE. The largest 70% reduction of the rent projected for ""cerium"" fields, while for ""yttrium"" these losses are considerably smaller. Tomtor, Chuktukon and Katuginskoye Russian deposits are characterized by a level of rent that is comparable to the mastered foreign sources of REE. Thus, the enrichment of minerals with REM in the domestic deposits is quite competitive at the world level. INTRODUCTION Deposits of rare earth metals (REE) are non-renewable resources that should be developed and used so that it would be possible to provide a reduction due to payment of appropriate resources for future generations. This compensation, due to the reduction of natural resources, can be carried out both in natural and in economic terms (1). When analyzing economic compensation options, particular attention should be paid to rental income in assessing the attractiveness of using different REE deposits. It is known that absolute and differential rents are summands when calculating the value of natural rents. The value of the absolute natural rent is proportional to the unit price of the product obtained from mineral raw materials and sold on the commodity market. Limitations, as well as the use in production processes and business, contribute to the gradual reduction of natural resources, which increases their consumer value and affects the price of commodity products from primary raw materials."