operational life of a mine varies

In countries with mature mining sectors, the construction and operationalisation process typically span 10 to 20 years. The most important aspect is to undertake the assessment about the economic viability of the mine before acquiring it. As per Statista, the operational life of a mine varies depending on the type of mineral. Copper mines can last anywhere from 5 to 70 years, while for substances like nickel, the average lifespans could be around 22 years. The mining sector in Ukraine was known to be reasonably well-established before the start of the present war (pre-2022). Private industry was playing an important role towards expanding this sector. Ukraine holds deposits of 22 out of 34 minerals, which the European Union (EU) considers as critical. The country has deposits of graphite, titanium สล็อตเว็บตรง