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MTS Marine Mineral Resources Committee Webinar | Fundamentals of Mining Economics for Polymetallic Nodule Extraction
Wednesday, August 21, 2024, 4:00 PM - 5:00 PM EDT
Category: Webinars

MTS Committee Webinar: Fundamentals of Mining Economics for Polymetallic Nodule Extraction


To develop optimal mining in polymetallic nodules from an economic standpoint, it's essential to employ principles of mining economics. What is the optimal extraction route for underwater nodules to maximize the Net Present Value (NPV)? At GEM, we have developed strategic mining planning calculation engines for different mining methods, and in this webinar, we discuss the key principles that a calculation engine must possess to maximize the transformation of resources into reserves. 

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Date and Time:

Wednesday, August 21, 2024 | 4:00 - 5:00 PM EDT


Juan Ignacio Guzmán, GEM

Civil Industrial Engineer with a specialization in Mining from the Pontificia Universidad Católica de Chile, and a Ph.D. in Mineral Economics from the same university. Since 2003, he has worked as a national and international mining consultant in over 25 mineral commodities, including copper, gold, lithium, potassium, molybdenum, iron, aluminum, oil, gas, and iodine, among others. In 2008, he founded GEM, where he currently serves as the general manager. At GEM, he has led over 450 studies in the areas of economics, evaluation, strategy, and optimization for the international mining industry. Since 2003, he has been a professor of undergraduate and postgraduate courses at the Pontificia Universidad Católica de Chile, University of Chile, and University of Los Andes, teaching courses related to industrial and mining engineering, as well as mineral economics. Since 2023, he has been a professor in the ESG program for mining at the Duke Education Corporation. He is the author of two books and more than 20 scientific articles.


Dr. Alex Barnard, Chair MTS Marine Mineral Resources Committee

Alex Barnard is a scientist, father, and educator. He has a PhD in Marine Geoscience from the University of Houston and works in both industry and academia. He is the founder of an online education company, and serves as a review board member for two academic journals.

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