In this era of economic liberalisation and globalisation, mineral sector in India and many other developing countries have been opened up. Now multinational and transnational companies are coming to India and other developing countries, and Indian companies are going to other countries for investing in the mineral sector. The book explains lucidly with the help of simple diagrams and models innovated by the author himself, the nuances of the practical applications of the theories and concepts of the activities relating mineral development. Starting with an introduction to the subject of Mineral Economics, the book goes on to cover a wide gamut of topics from mineral demanded followed by mineral exploration to business and trade in minerals and a glimpse into the future of the mineral industry in a logical sequence. The book is not a mere compilation of facts but in-depth analyses of the principles underlying them, which the managers and executives concerned with mining industries and mineral businesses should be aware of. It is the culmination of the author's long experience of handling various kinds of problems and queries of public and interaction with industries during a 32-year long professional life in Government as a mineral economist.