Suppose for example , abc constraction has acquired the right to use 10000 acres of land in London to mine for gold at a total cost of birr 10000000.the company estimated that the mine will problem approximately 500000grames of gold . what is the depletion rate? and if 100000 grams are extracted in the 1st year .. what will be the depletion of that year ?
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Explanation:
Gold mining companies assume responsibility for the management of a site long after a mine has closed and been dismantled – typically for a period of five to ten years or more.
Over this time, the land will be rehabilitated – cleansed and revegetated – and the mining company will work to ensure the gold mine reclamation and return to long-term environmental stability are successful.
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